• Title/Summary/Keyword: Decision Making Tool

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A Decision Making Tool for Decentralized Autonomous Organization (탈중앙화된 자율 조직 의사결정을 위한 도구)

  • Lee, Yosep;Park, Young B.
    • Journal of the Semiconductor & Display Technology
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    • v.19 no.2
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    • pp.1-10
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    • 2020
  • Blockchain enabled Decentralized Autonomous Organization (DAO), a new form of organization with conveying its core value - trust. Token holders who are participating DAO's governance share their thoughts, information, and ideas in online forum. But it is problem that chronological form of DAO's online forum makes token holders hard to find crucial information, meaning that many of them might not understand what is happening discussion. In this paper, we studied not only a decision making process which feature is iteration, visualization, and applicable to DAO with 6 steps in total but also a decision making tool which is based on the process of this paper. The tool has features to help participants such as voting model, visualization features which gives guidance to them for their decision during the process. Our experiment showed that the process and tool is somewhat reasonable, and the information during the process is effective for participants. This work is expected to be applied to current DAOs to make a decision among the token holders.

How to develop corporate real estate? A decision support tool for CREM

  • Dorr, Anne;Pfnur, Andreas
    • Journal of Construction Engineering and Project Management
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    • v.7 no.2
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    • pp.19-33
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    • 2017
  • Various forms of procurement are open to companies when constructing new owner-occupied properties. The selection of a form of procurement is an important decision-making problem for companies and their Corporate Real Estate Management (CREM) departments. With this in mind, a decision support tool has been developed to optimise the outcome and success of company's proposed real estate development projects and is presented in this paper. This model can also be used for current real estate portfolios to optimise returns in the long term. In pursuit of this objective and in order to provide an academic basis for this study, decision-relevant goals and parameters were initially identified from the referenced literature used in our research. These were subsequently evaluated in a case study of a corporate development project and identified as specific decision criteria from the perspective of the CREM. The investigation identified 15 criteria that are relevant to the corporate decision-making process in procuring and/or developing property. A model for supporting and resolving decision-making problems of this type was derived from decision theory. In this paper, a decision-making tool is presented that takes into account all the decision criteria from the CREM point of view for the first time. This model should therefore serve as an aid in implementing the decision-making process for the development of real estate projects in a more structured and transparent manner.

A Simulation based Approach for Group Decision-Making Support

  • Kwahk, Kee-Young;Kim, Hee-Woong
    • Management Science and Financial Engineering
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    • v.10 no.1
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    • pp.1-23
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    • 2004
  • The changing structure of organization and the increasing diversity of business have forced organizations to have abilities to coordinate dispersed business activities. They have required cooperation and coordination among the functional units in the organization which should involve group decision-making processes. Although many group decision-making support tools and methods have been introduced to enable the collaborative process of group decision-making, they often lack the features supporting the dynamic complexity issue frequently occurring at group decision-making processes. This results in cognitive unfit between the group decision-making tasks and their supporting tools, bringing about mixed results in their effects on group decision-making. This study proposes system dynamics modeling as a group decision-making support tool to deal with the group decision -making tasks having properties of dynamic complexity in terms of cognitive fit theory.

A System Dynamics Approach for Making Group Decision

  • Kwahk Kee-Young;Kim Hee-Woong
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.958-965
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    • 2003
  • The rapidly changing business environment has required cooperation and coorduiation among functional units n organizations which should Involve group decision-making processes Although many group derision-making support tools and methods have provided the collaborative capabilities for organizational members, they often lack features supporting the dynamic complexity issue frequently occurring at group decision-making processes This study proposes system dynamics modeling as a group decision-making support tool to deal with the group derision-making tasks having properties of dynamic complexity in terms of cognitive fit theory.

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A Study on the Development of Intelligent Decision Systems Using Influence Diagram

  • Kim, Jae-Kyeong
    • Journal of the Korean Operations Research and Management Science Society
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    • v.20 no.3
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    • pp.77-104
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    • 1995
  • Intelligent Decision System support the decision analysis process in the managerial problems with decision analytic knowledge as well as domain specific knowledge. Influence Diagram has been one of the major knowledge representation in the intelligent decision system. In the development of intelligent decision system, knowledge acquisition is also known to be difficult. This paper suggests a developing tool using an influence diagram and Verbal Protocol Analysis which facilitates knowledge acquision for intelligent decision system. An ennvironmental decision making problem is used as an illustrative example and validation of the suggested developing tool is discussed. The suggested tool is very flexible to be expanded or applied to similar problems.

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A Study on Fusion and Visualization using Multibeam Sonar Data with Various Spatial Data Sets for Marine GIS

  • Kong, Seong-Kyu
    • Journal of Advanced Marine Engineering and Technology
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    • v.34 no.3
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    • pp.407-412
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    • 2010
  • According to the remarkable advances in sonar technology, positioning capabilities and computer processing power we can accurately image and explore the seafloor in hydrography. Especially, Multibeam Echo Sounder can provide nearly perfect coverage of the seafloor with high resolution. Since the mid-1990's, Multibeam Echo Sounders have been used for hydrographic surveying in Korea. In this study, new marine data set as an effective decision-making tool in various fields was proposed by visualizing and combining with Multibeam sonar data and marine spatial data sets such as satellite image and digital nautical chart. The proposed method was tested around the port of PyeongTaek-DangJin in the west coast of Korea. The Visualization and fusion methods are described with various marine data sets with processing. We demonstrated that new data set in marine GIS is useful in safe navigation and port management as an efficient decision-making tool.

A study on improving the usability of records of policy management system operation (방침경영시스템 운영기록의 유용성 제고에 관한 고찰)

  • Syn, Dong-Sig;Pack, Jong-Yop;Lim, Kyung-Sik;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.11 no.1
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    • pp.213-222
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    • 2009
  • Two functions are considerable in the record management of policy management system operation. The first one is to prove that shows the conforming status of the management system requirements. The second one is to prove that shows the performing status whether the policy management system is operating effectively to the company. However, the second function requires the high level data analysis techniques, and it is more important for the decision making of the company operations. That is, the second function is more closer than the first function to the top manager's policy management tool. This paper is prepared to offer a study on the desirable record management which is necessary to the scientific decision making process. The scientific decision making requires the analysis of data derived from the reliable records. It is also aimed to enlighten the relations between the reliability of records and the adoption of the results of analysis in associated with the top manager's decision making.

A Study on the medical decision making for an optimum medical treatment (최적 진료를 위한 의학적 의사결정에 대한 고찰)

  • Nam, Tae-Hee
    • Journal of the Korea Computer Industry Society
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    • v.9 no.1
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    • pp.1-10
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    • 2008
  • This treatise wishes to proposal of most suitable about happened patient's disease when a doctor achieves medical treatment action about patient and decision-making methodology that decide treatment does presentation low class informer. That is, when a doctor treats patient, case that do medical examination and treatment to experience about disease at medical examination and treatment process is general. In case is like this, unexpected treatment side effect can be happened doing not consider patient's special quality or conditions. Use a medical decision-making tool to minimize these problem. Treatise that see therefore investigated validity about if arrange medical decision-making system concept, and analyze several tools(decision-making tools) that help in decision-making, and can help in medical examination and treatment decision-making of most suitable.

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Development of Tool Selection System Aiding CAM Works for Injection Mold (사출금형 CAM 작업 지원용 공구 선정 시스템 개발)

  • 양학진;김성근;허영무;양진석
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 1997.10a
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    • pp.175-179
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    • 1997
  • As consumer's desire becomes various, agility of mold manufacturing is most important factor for competence of manufacturer. In common works to use commercial CAM system to generate tool path, some decision making process is required to produce optimal result of CAM systems. We propose tool selection procedures to aid the decision making process. The system provides available tool size for machining of design model part of injection mold die by analyzing sliced CAD model of die cavity and core. Also, the tool size information is used to calculate machining time. The system is developed with commercial CAM using API. This module will be used for optimization of tool selection and planning process.

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MULTICRITERIA MODELS FOR GROUP DECISION MAKING : COMPROMISE PROGRAMMING VS. THE ANALYTIC HIERACHY PROCESS

  • Kwak, N.K.;McCarthy, Kevin J.
    • Journal of the Korean Operations Research and Management Science Society
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    • v.16 no.1
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    • pp.97-112
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    • 1991
  • This paper describes two contrasting approaches to group decision making involving multiple criteria. A compromise programming method and the analytic hierarchy process are analyzed and compared by using an illustrative example of a computer model selection problem to demonstrate their usefulness as a viable tool for group decision making. This paper further considers some extensions and modifications of there two methods for future study.

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