• Title/Summary/Keyword: Decision Process

Search Result 4,750, Processing Time 0.03 seconds

An Empirical Study on Supplier Selection based on Analytic Hierarchy Process (공급업체 선정에 대한 의사결정에 관한 연구)

  • Lee, Wook-Gee
    • Journal of Digital Convergence
    • /
    • v.3 no.2
    • /
    • pp.23-37
    • /
    • 2005
  • On the situation cooperating with business partners on the supply chain, systematic decision making process is a critical issue for them. The two major issues of purchasing strategy such as selecting vendors and managing them are important part of their overall business activities. This study mainly focus on the former issue of the vendor selection. Through the empirical study, analytical hierarchy process (AHP) method was applied to select vendors among supplier vendors based on four selection criteria such as the level of quality, product on management ability, delivery, and price. The results of study showed the main criteria of vender selection was the ability of quality management. The vender selected based on AHP and the current selection method was different, but implicitly projected the dilemma situation between quality and price which occurs in decision making process of real life.

  • PDF

An Empirical Study on Supplier Selection based on Analytic Hierarchy Process (공급업체 선정에 대한 의사결정에 관한 연구)

  • Lee, Uk-Gi;Kim, Ju-Wan
    • 한국디지털정책학회:학술대회논문집
    • /
    • 2005.11a
    • /
    • pp.367-381
    • /
    • 2005
  • On the situation cooperating with business partners on the supply chain, systematic decision making process is a critical issue for them. The two major issues of purchasing strategy such as selecting vendors and managing them are important part of their overall business activities. This study mainly focus on the former issue of the vendor selection. Through the empirical study, analytical hierarchy process (AHP) method was applied to select vendors among supplier vendors based on four selection criteria such as the level of quality, product on management ability, delivery, and price. The results of study showed the main criteria of vender selection was the ability of quality management. The vender selected based on AHP and the current selection method was different, but implicitly projected the dilemma situation between quality and price which occurs in decision making process of real life.

  • PDF

Application of the Analytic Hierarchy Process (AHP) on the National Nuclear R&D Projects (원자력연구개발사업의 사후평가를 위한 계층화 분석법(AHP)의 적용)

  • 곽승준;유승훈;신철오
    • Proceedings of the Korea Technology Innovation Society Conference
    • /
    • 2001.05a
    • /
    • pp.369-385
    • /
    • 2001
  • A R&D project evaluation method has been applied for the national nuclear R&D projects in a developing-country setting. In the methodology, Saaty's analytic hierarchy process model is used to evaluate and rank of the selected nuclear R&D project which have a wide range of objectives and characteristics. The criteria used for evaluation related specifically to the Korea's evaluation needs and culture, and they are weighted according to their relative importance as perceived by the evaluator of the R&D project. As a real-world case of evaluation, we elicited and reproduced the evaluation process of the nuclear R&D projects which is going under the research process. As the results of the paper suggests, the methodology can be applied to the evaluation of the R&D projects and has much potential.

  • PDF

Development of an Entity-Relationship Modeling System for Designing Relational Database (관계형 데이터베이스 설계를 위한 개체 - 관계 모델링 시스템 개발)

  • Yoo, Jae-Gun
    • IE interfaces
    • /
    • v.16 no.spc
    • /
    • pp.45-48
    • /
    • 2003
  • Entity-relationship modeling for designing relational database is a very complicated thinking process that requires extensive knowledge and experiences. It is very likely that designers make mistakes in this process. In order to minimize the mistakes, a systematic method to guide the thinking process is needed. In this research, an entity-relationship modeling system is developed, which resolves the whole process of information modeling, data modeling, and functional dependency relationship analysis into small and simple decision-making steps. Therefore, it can reduce the possibility of making decision errors and improve the efficiency of the modeling process. It's functionality and efficiency is verified through some modeling examples. It is expected that the modeling system can be commercialized, if some functions are added, such as detection, warning, and correction of decision errors, and educational help.

Concept and Construct of Problem Recognition Stage in Consumer Decision Making Process of Apparel Purchase (의복 구매 의사 결정 과정 중 문제인식 단계의 개념과 구조에 대한 연구)

  • 유연실;이은영
    • Journal of the Korean Society of Clothing and Textiles
    • /
    • v.22 no.6
    • /
    • pp.760-771
    • /
    • 1998
  • The purpose of this study is to clarify the concept and construct of the problem recognition stage in consumer decision making process of apparel Purchase. This study was supplemented by the theoretical study and field interviews. 40 women were interviewed on their apparel purchase situation to identify problem recognition process. As a result, the concept of problem recognition in apparel purchase is the perceived difference between the ideal state of apparel affairs and the actual situation sufficient to arouse and activate the decision making process. And the problem recognition stage in apparel purchase is constituted of the following steps: gestation, categorization, problem definition, and purchase intention formation. In most cases, these four steps existed, but in some cases several steps were deleted or condensed.

  • PDF

Development and Distribution of Risk Governance Framework in Terms of Socially Viable Solutions

  • Choi, Choongik;Choi, Junho
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.5 no.3
    • /
    • pp.185-193
    • /
    • 2018
  • This paper aims to explore the risk governance framework and socially viable solutions, attempting to provide guidance for the decision making process. The key idea of this study start with overcoming the limitations of IRGC risk governance framework, which mainly focuses on a comprehensive framework for risk governance. This article has employed SWOT analysis as a methodology, which is a strategic planning technique used to help identifying the strengths, weaknesses, opportunities, and threats related to business competition or risk management. In this paper, socially viable solutions as an alternative plan place emphasis on the adoption of concern assessment through a concerns table. It is also proposed that scoping has to get introduced, with SWOT analysis in the process. The results of this paper support that multiple stakeholders have to participate in the process of identifying and framing risk and communicating with each other, considering the context. It should be noted that communities can become involved and take important parts in decision making process in various ways. It is recommended that engaging stakeholders to both risk assessment and risk management is material to dealing with risk in a socially viable way. It also implies that the community-based disaster management should be better prepared for the decision making process in socially viable solutions.

DESIGN OF A BINARY DECISION TREE FOR RECOGNITION OF THE DEFECT PATTERNS OF COLD MILL STRIP USING GENETIC ALGORITHM

  • Lee, Byung-Jin;Kyoung Lyou;Park, Gwi-Tae;Kim, Kyoung-Min
    • Proceedings of the Korean Institute of Intelligent Systems Conference
    • /
    • 1998.06a
    • /
    • pp.208-212
    • /
    • 1998
  • This paper suggests the method to recognize the various defect patterns of cold mill strip using binary decision tree constructed by genetic algorithm automatically. In case of classifying the complex the complex patterns with high similarity like the defect patterns of cold mill strip, the selection of the optimal feature set and the structure of recognizer is important for high recognition rate. In this paper genetic algorithm is used to select a subset of the suitable features at each node in binary decision tree. The feature subset of maximum fitness is chosen and the patterns are classified into two classes by linear decision function. After this process is repeated at each node until all the patterns are classified respectively into individual classes. In this way , binary decision tree classifier is constructed automatically. After construction binary decision tree, the final recognizer is accomplished by the learning process of neural network using a set of standard p tterns at each node. In this paper, binary decision tree classifier is applied to recognition of the defect patterns of cold mill strip and the experimental results are given to show the usefulness of the proposed scheme.

  • PDF

Real Option Decision Tree Models for R&D Project Investment (R&D 프로젝트 투자 의사결정을 위한 실물옵션 의사결정나무 모델)

  • Choi, Gyung-Hyun;Cho, Dae-Myeong;Joung, Young-Ki
    • IE interfaces
    • /
    • v.24 no.4
    • /
    • pp.408-419
    • /
    • 2011
  • R&D is a foundation for new business chance and productivity improvement leading to enormous expense and a long-term multi-step process. During the R&D process, decision-makers are confused due to the various future uncertainties that influence economic and technical success of the R&D projects. For these reasons, several decision-making models for R&D project investment have been suggested; they are based on traditional methods such as Discounted Cash Flow (DCF), Decision Tree Analysis (DTA) and Real Option Analysis (ROA) or some fusion forms of the traditional methods. However, almost of the models have constraints in practical use owing to limits on application, procedural complexity and incomplete reflection of the uncertainties. In this study, to make the constraints minimized, we propose a new model named Real Option Decision Tree Model which is a conceptual combination form of ROA and DTA. With this model, it is possible for the decision-makers to simulate the project value applying the uncertainties onto the decision making nodes.

Employed Mens' Retirement and Reemployment Decision Making (직장인의 퇴직 및 재취업결정에 관한 연구)

  • Hong, Sung-Hee
    • Journal of Family Resource Management and Policy Review
    • /
    • v.11 no.2
    • /
    • pp.1-19
    • /
    • 2007
  • The purpose of this study was to analyze the affecting factors on employed mens' retirement and reemployment decision making. The focus was on the process of employed mens' decision on retirement and their reemployment decision after retirement from present job. The major findings were as follows ; First, the employed men who had a retirement plan were having more household income, more household net asset, more savings and investment for elderly life, and more positive attitude toward retirement. Second, the major factors affecting on having retirement plan or not were employed mens' age, household income, expected income after retirement, savings and investment for elderly life, job, and attitude toward retirement. Third, the major affecting factors on expected retirement age were employed mens' age, health status, job security, and attitude toward retirement. Forth, the employed mens' reemployment decision was affected from their household income, expected income after retirement, pension ownership, and attitude toward retirement. From the findings, it can be concluded that the employed mens' age, economic status, and attitude toward retirement played a important role in the process of retirement and reemployment decision making.

  • PDF

GDSS for the Mobile Internet

  • Cho, Yoon-Ho;Choi, Sang-Hyun;Kim, Jae-Kyeong
    • Proceedings of the Korea Inteligent Information System Society Conference
    • /
    • 2005.05a
    • /
    • pp.283-291
    • /
    • 2005
  • The development of mobile applications is fast in recent years. However, nearly all applications are for messaging, financial, locating services based on simple interactions with mobile users because of the limited screen size, narrow network bandwidth, and low computing power. Processing an algorithm for supporting a group decision process on mobile devices becomes impossible. In this paper, we introduce the mobile-oriented simple interactive procedure for support a group decision making process. The interactive procedure is developed for multiple objective linear programming problems to help the group select a compromising solution in the mobile Internet environment. Our procedure lessens the burden of group decision makers, which is one of necessary conditions of the mobile environment. Only the partial weak order preferences of variables and objectives from group decision makers are enough for searching the best compromising solution. The methodology is designed to avoid any assumption about the shape or existence of the decision makers's utility function. For the purpose of the experimental study of the procedure, we developed a group decision support system in the mobile Internet environment, MOBIGSS and applied to an allocation problem of investor assets.

  • PDF