• Title/Summary/Keyword: Decision-Making Structure

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A Probabilistic Risk-based Cost Estimation Model for Initial-Stage Decision Making on Apartment Remolding Projects (공동주택 리모델링 초기 단계 의사결정을 위한 확률론적 리스크 기반 비용 예측 모델 개발)

  • Lee, Dong-gun;Cha, Heesung
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.2
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    • pp.70-79
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    • 2016
  • The current remodeling cost estimation process is not only dependent on the historical data of new building construction, but it also has a poor linkage with risk-based estimation approach. As such, there is a high risk of falling short of initial budget. To overcome this, a risk-based estimation approach is necessary by providing a probabilistic estimation in consideration of the potential risk factors in conducting the remodeling projects. In addition, the decision-making process should be linked with the risk-based estimation results in stead of intuitive and/or experience-based estimation. This study provides a probabilistic estimation process for residential remodeling projects by developing a detailed methodology in which a step-by-step approach can be achieved. The new proposed estimation approach can help in decision-making for remodeling projects in terms of whether to proceed or not, by effectively reflecting the potential risk factors in the early stage of the project. In addition, the study can enhance the reliability of the estimation results by developing a sustainable estimation process model where a risk-based evaluation can be accomplished by setting up the cost-risk relationship database structure.

A Study on the Career Decision-making Process of Female Undergraduates who Want the Male-dominated Job: A Grounded Theory Based Approach (남성중심적 직업을 희망하는 여자대학생들의 직업결정과정: 근거이론 접근)

  • Kim, Young Shil;Lim, Sung Moon
    • The Korean Journal of Woman Psychology
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    • v.16 no.3
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    • pp.303-329
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    • 2011
  • In Korea, recent women's educational standard is more higher than any other period but rate of using human resources is the lowest level among the OECD nations. As the reason of this phenomenon, the career choice attract attention. Traditionally, job is classified female-dominated job from male-dominated job, and most women still avoid male-dominated job. If this unequal concentrated phenomenon is relieved, diversity using of human resource will be available. For the purpose, this study try to determine the experience structure and the career decision-making process of the female undergraduate who want the male-dominated job through the qualitative study method, and to determine factors that work negative or positive on the process to use for the career consult. Grounded theory based data analyses resulted in 61 concepts, 27 sub-categories, and 12 categories from the recorded data of 8 female undergraduates who want the male-dominated job. The core category was "For the special life, keeping challenging with the will". A paradigm model consist of the casual condition, central phenomenon, contextual condition, intervening condition, actions/reactions and the result was proposed. And the participants went through five stages with time in their career decision-making process: the stage of awareness about the trait and aspiration, the stage of internal determination, the stage of support and accept, the stage of challenge and overcome, and the stage of affirmation and confidence. Implications of the findings and suggestions for the future research are discussed.

Algorithmic Framework for Business Process Innovation

  • Han Hyun-Soo
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.1142-1149
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    • 2003
  • Various organizational factors effect successful implementation of IT enabled business transformation. Among them, the most critical success factor is deemed to overcoming change management problem. Lots of studies have been made on Implementation methodologies and business process formalizations to encourage organizational members to accept new business process changes. However, the logic or process redesign still depends on qualitative problem solving techniques mostly depending on basically human intuition such as brainstorming. cause-and-effect analysis. and so on. In this paper, we focused on developing analytic framework to design to-be business process structure. which can complement qualitative problem solving procedures. With effective use of IT as an enabler, we provide algorithmic framework applicable to designing various business process changes such as process automation, business process resequencing, and more radical process integration. The framework follows dynamic programming approach in the literature, which is based on the decision making paradigm of organizations to abstract business processes as quantitative decision models. As such, our research ran fill the gap of limited development of theory based analytic methodologies for business process design, by providing objective rationale to reach the consensus among the organizational members including senior management.

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A THEORETICAL MODEL FOR OPTIMIZATION OF ROLLING SCHEDULE PROCEDURE PARAMETERS IN ERP SYSTEMS

  • Bai, Xue;Cao, Qidong;Davis, Steve
    • Journal of applied mathematics & informatics
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    • v.12 no.1_2
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    • pp.233-241
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    • 2003
  • The rolling schedule procedure has been an important part of the Enterprise Resource Planning (ERP) systems. The performance of production planning in an ERP system depends on the selection of the three parameters in rolling schedule procedure: frozen interval, replanning interval, and planning horizon (forecast window). This research investigated, in a theoretical approach, the combined impact of selections of those three parameters. The proven mathematical theorems provided guidance to re-duction of instability (nervousness) and to seek the optimal balance between stability and responsiveness of ERP systems. Further the theorems are extended to incorporate the cost structure.

The Efficiency Analysis for DMU Using the Integration Method of DEA and AHP (DEA와 AHP 기법이 결합된 DMU의 효율성 분석)

  • Kim, Tae-Sung;Cho, Nam-Wook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.29 no.2
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    • pp.1-6
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    • 2006
  • This study proposes a new approach which combines Data Envelopment Analysis(DEA) and the Analytic Hierarchy Process(AHP) techniques to effectively evaluate Decision Making Units(DMUs). While DEA evaluates a quantitative data set, employs linear programming to obtain input and output weights and ranks the performance of DMUs, AHP evaluates the qualitative data retrieved from expert opinions and other managerial information in specifying weights. The objective of this research is to design a decision support process for managers to incorporate positive aspects of DEA's absolute numerical evaluations and AHP's human preference structure values. It is believed that a pragmatic manager will be more receptive to the results that include subjective opinions incorporated into the evaluation of the efficiency of each DMU efficiency. The WPDEA method provides better discrimination than the DEA method by reducing the number of efficient units.

Factors Affecting Debt Maturity Structure: Evidence from Listed Enterprises in Vietnam

  • PHAN, Duong Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.141-148
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    • 2020
  • This paper analyzes factors affecting the debt maturity structure of enterprises listed on the Vietnam stock market. The panel data of research sample includes 549 non-financial listed enterprises on the Vietnam stock market from 2009 to 2019. The Generalized Least Square (GLS) tool is employed to address econometric issues and to improve the accuracy of the regression coefficients. In this research, debt maturity structure is the dependent variable. Capital structures, fixed assets, liquidity, firm size, asset maturity, profitability, corporate income tax, gross domestic product, inflation rate, credit growth scale are independent variables in the study. The model results show, that among the factors affecting the structure of debt maturity, the capital structure, asset structure, and firm size have the highest estimation coefficients, which shows that capital structure, asset structure, and firm size plays an important role in the decision-making process of debt maturity structure. The empirical results show that there are differences in the impact of these factors on the debt maturity structures in state-owned enterprises and non-state enterprises listed on the Vietnam stock market. The findings of this article are useful for business administrators, helping business managers make the right financial decisions to determine the target debt maturity structure in enterprises.

The Effects of Information System Architecture and Organization Structure on the Use of e-Business in Korean Companies (정보시스템 기술 및 관리구조가 e-비즈니스 활용정도에 미치는 영향에 관한 연구)

  • 윤중현
    • Journal of Information Technology Applications and Management
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    • v.10 no.2
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    • pp.1-18
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    • 2003
  • Recently, e-business has very much attention in the management fields because it is expected to fundamentally change the way many business compete. Business that don't understand the changes and that can't change their operating model in time will be at a disadvantage. Information technology infrastructure and its management are key components of e-business The purpose of this study was to investigate the effects of information technology infrastructure and its management to the type of information systems used and the use of e-business. A total of 56 Korean firms responded to the survey instrument. There was indirect effect to the use of e-business from the information technology structure via communication capacity and direct effect from management type. The study also found that firms with less centralized forms of information technology were more frequent users of e-business, Firms that have more freedom in information technology decision making tended to be users of the new technology and take advantage opportunities that exits on the information technology.

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A Study on the characteristics of furniture structure with modular elements (모듈요소(modular elements)와 가구의 구조적 특성에 관한 연구)

  • Joh Nam-Joo
    • Journal of the Korea Furniture Society
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    • v.14 no.1
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    • pp.79-89
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    • 2003
  • Today's aesthetics and design orientations seem to be: flexibility, mobility, multi-functionality required front user's new needs. Our spaces have changed increasingly contain the needs of constant mobility and ability to adapt to a wide variety of situations. For efficient use, a modular system in furnishing can manage the spaces with components which are easy to assemble and disassemble. The function comes from spacial technological structure that is an 'union' formed by units to joint each other. The repeated module is tailored to unchanging environmental conditions. On the other hand, the structure defined by change reacts flexibility to a dynamic environment. In decision-making, it is flexible and able to adapt. Their ability to be positioned freely anywhere in the room allows individual tasks to be carried out by different people, and their almost endless variety of uses create distinctive spaces for living.

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Perturbation analysis for robust damage detection with application to multifunctional aircraft structures

  • Hajrya, Rafik;Mechbal, Nazih
    • Smart Structures and Systems
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    • v.16 no.3
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    • pp.435-457
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    • 2015
  • The most widely known form of multifunctional aircraft structure is smart structures for structural health monitoring (SHM). The aim is to provide automated systems whose purposes are to identify and to characterize possible damage within structures by using a network of actuators and sensors. Unfortunately, environmental and operational variability render many of the proposed damage detection methods difficult to successfully be applied. In this paper, an original robust damage detection approach using output-only vibration data is proposed. It is based on independent component analysis and matrix perturbation analysis, where an analytical threshold is proposed to get rid of statistical assumptions usually performed in damage detection approach. The effectiveness of the proposed SHM method is demonstrated numerically using finite element simulations and experimentally through a conformal load-bearing antenna structure and composite plates instrumented with piezoelectric ceramic materials.

Probability-Based Prediction of Time to Corrosion Initiation of RC Structure Exposed to Salt Attack Environment Considering Uncertainties (불확실성을 고려한 RC구조물의 부식개시시기에 대한 확률 기반 예측)

  • Kim, Jin-Su;Do, Jeong-Yun;Hun, Seung;Soh, Seung-Young;Soh, Yang-Seob
    • Proceedings of the Korea Concrete Institute Conference
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    • 2005.05b
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    • pp.249-252
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    • 2005
  • Chloride ingress is a common cause of deterioration of reinforced concrete structures. Modeling the chloride ingress is an important basis for designing reinforced concrete structures and for assessing the reliability of an existing structure. The modelling is also needed for predicting the deterioration of a reinforced structure. This paper presents an approach for the probabilistic modeling of the chloride-induced corrosion of reinforcement steel in concrete structures that takes into account the uncertainties in the physical models. The parameters of the models are modeled as random variables and the distribution of the corrosion time and probability of corrosion are determined by using Monte Carlo simulation. The predictions of the proposed model is very effective to do the decision-making about initiation time and deterioration degree.

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