• Korean Management Science Review
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• v.27 no.3
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• pp.161-196
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• 2010

This paper empirically investigates the impact of winning a service quality award on the market value in Korea. We estimates the mean "abnormal" change in the stock prices of sample firms when information of winning a service quality award was publicly announced. To access the validity of the research question, this paper employed collected 47 firms data that received the Korean Service Quality Awards so far. Event study methodology was used to analyze the effect of Korean service quality awards. The findings are as follows; The average abnormal returns on the event date are not significant at the 0.05 level which means that the receiving Korean Service Quality Awards has no influence on the firms' market value. On the other hand successive awarded firms have an increasing effect on the market value and it is significant at the 0.05 level. Furthermore, the results show that the factors of firm size such as firm's total assets are critical to vary the firms' abnormal returns. There might be some limitations in this study. The most obvious problem is the limitation of sample size. Although 518 sample cases were found during the period from 2000 to 2008, most of the cases were deleted according to the sample criteria. We are expecting the future research with more data and more precise results. Furthermore, our research consider the only two service award institutions even though there are several different service award authorities in Korea. It is needed to expand the research scope and range to adopt the various service award institutions for the future work.

• Journal of the Korea institute for structural maintenance and inspection
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• v.15 no.6
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• pp.175-183
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• 2011

With recent growth of population and industry, urban development grows into grand scheme of excavation and construction in urban area. As the development progress advanced, the developments get large and deepen. With a progress of technology development in geotechnical engineering in Korea, most our grand scheme of projects follows great progress. On the other hand, some excavation in construction site caused direct or indirect event that affects the adjacent or surrounding structures by excavation from time to time. This event usually happens around residential and commercial area where underground tunnel, subway station, commercial building, and high-rises excavation site is, could lead great damage on economy as well as personal injury or human casualties. In order to prevent this event, the study has to be done with analysis on various events of excavation and its cause. In this paper, the research has collected the various excavation events and their causes to analyze on each site and event to define emphasis on surrounding environment.

• Journal of the Korean Operations Research and Management Science Society
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• v.35 no.2
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• pp.53-69
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• 2010

This paper proposes an ant-based routing algorithm, Ant System-Routing in wireless Senor Networks(AS-RSN), for wireless sensor networks. Using a transition rule in Ant System, sensors can spread data traffic over the whole network to achieve energy balance, and consequently, maximize the lifetime of sensor networks. The transition rule advances one of the original Ant System by re-defining link cost which is a metric devised to consider energy-sufficiency as well as energy-efficiency. This metric gives rise to the design of the AS-RSN algorithm devised to balance the data traffic of sensor networks in a decentralized manner and consequently prolong the lifetime of the networks. Therefore, AS-RSN is scalable in the number of sensors and also robust to the variations in the dynamics of event generation. We demonstrate the effectiveness of the proposed algorithm by comparing three existing routing algorithms: Direct Communication Approach, Minimum Transmission Energy, and Self-Organized Routing and find that energy balance should be considered to extend lifetime of sensor network and increase robustness of sensor network for diverse event generation patterns.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2000.10a
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• pp.161-164
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• 2000

A cyclic shop is a production system that repeatedly produces identical sets of jobs, called minimal part sets, in the same loading and processing sequence. We consider a version of cyclic shop where the operations are processed and unloaded within time limits, so called a time window. We model the shop using an event graph model, a class of Petri nets. To represent the time window constraint, we introduce places with negative time delays. From the shop modeling graph, we develop a linear system model based on the max- plus algebra and characterize the conditions on the existence of a stable schedule.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1993.10a
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• pp.118-118
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• 1993

We consider a discrete event dynamic system called periodic job shop, where an identical mixture of items called minimal part set(MPS) is repetitively produced in the same processing order and the primary performance measure is the cycle time. The precedence relationships among events(starts of operations) are represented by a directed graph with rocurront otructure. When each operation starts as soon as all its preceding operations complete(called earliest starting), the occurrences of events are modeled in a linear system using a special algebra called minimax algebra. By investigating the eigenvalues and the eigenvectors, we develop conditions on the directed graph for which a stable steady state or a finite eigenvector exists. We demonstrate that each finite eigenvector, characterized as a finite linear combination of a class of eigenvalue, is the minimum among all the feasible schedules and an identical schedule pattern repeats every MPS. We develop an efficient algorithm to find a schedule among such schedules that minimizes a secondary performance measure related to work-in-process inventory. As a by-product of the linear system approach, we also propose a way of characterizing stable steady states of a class of discrete event dynamic systems.

• Journal of the Korean Operations Research and Management Science Society
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• v.16 no.2
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• pp.128-147
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• 1991

We propose a dynamic incidence matrix (DIM) for reflecting states and time conditions of a timed Petri net (TPN) explicitly. Since a DIM consists of a conventional incidence matrix, two time-related vectors and two state-related vectors, we can get the advantages inherent in the conventional incidence matrix of describing a static structure of a system as well as another advantage of expressing time dependent state transitions. We introduce an algorithm providing the DIM with a state transition mechanism. Because the algorithm is, in fact, an algorithmic model for discrete event simulation of TPN models, we provide a theoretical basis of model transformation of a TPN model into a DEVS(Discrete Event system Specification) model. By executing the algorithm we can carry out performance analysis of computer communication protocols which are represented TPN models.

• Journal of the Korean Operations Research and Management Science Society
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• v.18 no.3
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• pp.1-12
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• 1993

Several alternative manufacturing control strategies are under study in the literature. They are, specifically, push system, pull system, conwip system, and as a special case, infinite buffer system. We focus on modeling, comparison analysis and design of these systems. The event epoch sequences of each system are generated which also enable us to compare their performance. Then the stochastic monotonicity of these enent epoch sequences in several important design parameters are established through the structure of the generalized semi-Markov schemes on which they are based. Finally, we solve the stochastic optimization problem which minimizes these event epochs. Our results supplement the applicability of some previously known results in the literature.

• Proceedings of the Safety Management and Science Conference
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• 2000.05a
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• pp.339-349
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• 2000

Inchon Port is the second largest import-export port of Korea, and has the point at issue such as the excessive logistics cost because of the limits of handling capacity and the chronic demurrage. There are few research activities on the analysis and improvement of the whole port operation, because Inchon Port not only has the dual dock system and various facilities but also handles a various kind of cargo. The purpose of this paper is to develop the simulation program as a long-term strategic support tool, considering the dual dock system and the TU(Terminal Operation Company) system executed since March, 1997 in Inchon Port. The basic input parameters such as arrival intervals, cargo tons, service rates are analyzed and the probability density functions for these parameters are estimated. The main mechanism of simulation model is the discrete event-driven simulation and the next-event time advancing. The program is executed based on the knowledge base and database. From the simulation model, it is possible to estimate the demurrage status through analyzing various scenarios and to establish the long-term port strategic plan.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2006.05a
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• pp.1765-1770
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• 2006

본 논문에서는 반도체 fab 라인의 물류 설비를 event graph로 모델링 하는 방법론을 제안하고 있다. 최근 반도체 fab 라인 같은 대표적인 자본 집약적 제조라인에서는 운영단계에서 투입 계획, PM schedule 및 operation rule 등을 변화시켜 가며 평가 및 검증해 볼 수 있는 what-if simulation을 위한 line simulator의 필요성이 점점 높아지고 있다. 그러나 상용 simulator는 각 제조라인의 특성에 맞게 customization하는데 많은 시간과 비용이 소요될 뿐만 아니라 특성을 반영하는데 한계가 있다. 따라서 이러한 line simulator를 개발할 때 근간이 되는 설비의 simulation model이 필요하다. 이 때 설비들은 생산(processing) 및 물류(handling) 설비로 나눌 수 있는데, 본 논문에서는 반도체 fab 라인의 물류 설비 모델링 방법을 제시하고 실제 물류 설비를 모델링 해 봄으로써 그 효용성을 알아본다.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2002.05a
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• pp.923-929
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• 2002

We discuss scheduling analysis for a discrete event system with time windows of which firing or holding time delays are subject to random variation within some finite range. To do this, we propose a modified p-lime Petri net, named p+-time Petri net. We develop a condition for which a synchronized transition does not have a dead token, that is, the firing epochs do not violate the time window constraints. We propose a method of computing the feasible range of the token sojourn time at each place based on a time difference graph. We also discuss an application for analyzing wafer residency times within the process chambers for a dual-armed cluster tool for chemical vapor deposition.