• Title/Summary/Keyword: MANAGEMENT METHODS

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Integrating Real Options with Earned Value methods as a decision support tool for the financial evaluation of alternative construction methods

  • Bonsang Koo
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.129-132
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    • 2013
  • Determining on a particular construction method is typically decided in the initial phases of a project. However, changing conditions during actual construction may require a different method or technology to be employed. Providing an option for project managers to change construction provides flexibility that can increase value to the overall project. This research provides the ability to modify construction methods as a real option, which allows its value to be modeled. The research also formalizes a way to integrate a binomial lattice model with the Earned Value Method's S-curve. The integrated model provides a decision support tool that planners can use to determine whether to exercise the option depending on the status metrics provided by EVM.

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SUCCESS FACTORS FOR JIT MANAGEMENT OF PRIMARY COMMODITY SUPPLY CHAINS IN AUSTRALIA

  • Kim Tae Ho;Wegener Malcolm
    • Journal of the Korea Safety Management & Science
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    • v.6 no.3
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    • pp.141-152
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    • 2004
  • Supply chains for agricultural commodities with their various constraints such as production lead time, seasonal production, and methods of storage are limited in the extent to which techniques like Just-in-Time (JIT) inventory management can be applied. It is beyond the ability of producers to control harvest time and many agricultural products are perishable so that they can incur exceptional losses in storage if they are not handled correctly. This is a source of additional costs and inefficiency in supply chain management. The purpose of this study is to reduce or eliminate such sources of loss and inefficiency and to identify success factors for the JIT inventory management system where it can be applied for agricultural products. Where JIT techniques can be applied in supply chain management for agricultural products, costs such as transportation, inventory, and storage losses can be reduced with concurrent increases in efficiency. In the paper, some of the problems associated with applying JIT inventory control methods in supply chain management for agricultural commodities will be reported through a series of case studies.

SUCCESS FACTORS FOR JIT MANAGEMENT OF PRIMARY COMMODITY SUPPLY CHAINS IN AUSTRALIA

  • Kim, Tae-Ho;Malcolm Wegener
    • Proceedings of the Safety Management and Science Conference
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    • 2004.05a
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    • pp.191-201
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    • 2004
  • Supply chains for agricultural commodities with their various constraints such as production lead time, seasonal production, and methods of storage are limited in the extent to which techniques like Just-in-Time (JIT) inventory management can be applied. It is beyond the ability of producers to control harvest time and many agricultural products are perishable so that they can incur exceptional losses in storage if they are not handled correctly. This is a source of additional costs and inefficiency in supply chain management. The purpose of this study is to reduce or eliminate such sources of loss and inefficiency and to identify success factors for the JIT inventory management system where it can be applied for agricultural products. Where ]IT techniques can be applied in supply chain management for agricultural products, costs such as transportation, inventory, and storage losses can be reduced with concurrent increases in efficiency. In the paper, some of the problems associated with applying ]IT inventory control methods in supply chain management for agricultural commodities will be reported through a series of case studies.

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The Growth of Hosta Longipes by Management Methods on Artificial Ground Greening (인공지반녹지의 토심 및 관리형태에 따른 비비추의 생육)

  • Choi, Hee-Sun;Lee, Yong-Beom;Lee, Hye-Jin;Kim, Kwi-Gon
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.6 no.4
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    • pp.1-7
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    • 2003
  • Artificial ground greening, which is considered as a way for the greening of cities, should be constructed easily and maintained continuously. Thus it is necessary to use light soils for keeping in flexible formation and light load. And the garden should be managed optimally taking account for the characteristics of the soil and plant. But in most landscape green area, they are not under management. Mostly they are occasionally irrigated without nutrient by hand-operating. So this study was conducted to investigate plant growth by management methods and soil depth(15cm, 30cm). As a results of the different methods of management had effect on the plant growth and on the rate of flowering. When Hosta longipes were grown in different three management methods, control(rainfall), periodical irrigation, and nutri-irrigation(fertigation), the content of chlorophyll, the plant growth and the rate of flowering were higher in nutri-irrigation (fertigation) treatment than those in control(rainfall) and periodic irrigation. And nutrient contents of leaf are also higher. Between 15cm and 30cm soil depth, the plant growth of 15cm soil depth is better than that of 30 soil depth. According to these results on artificial ground greening, determination of optimal soil depth by plant species is required, And a specialist for nutrient management is demanded.

Graphical Methods for Evaluating the Degree of the Orthogonality of Nearly Orthogonal Arrays (근사직교배열의 직교성의 정도를 평가하기 위한 그레픽방법)

  • Jang Dae-Heung
    • Journal of Korean Society for Quality Management
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    • v.32 no.4
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    • pp.220-228
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    • 2004
  • The orthogonality is an important property in the experimental designs. When we use nearly orthogonal arrays, we need evaluate the degree of the orthogonality of given experimental designs. Graphical methods for evaluating the degree of the orthogonality of nearly orthogonal arrays are suggested.

Changes of teaching methods for the first statistics course (기초 통계학의 교육방법의 전환)

  • 박동준
    • Journal of Korean Society for Quality Management
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    • v.25 no.2
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    • pp.189-196
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    • 1997
  • When proferssors teach an introductory statistics course to undergraduate students, they have given unilateral lecture to the students. It is emphasized that the changes are necessary in teaching the introductory statistics course. Some effective and diverse methods are introduced to teach students.

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Strategic Management and Real Options (전략적 경영과 실물 옵션)

  • Sung woon, Choi
    • Proceedings of the Safety Management and Science Conference
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    • 2003.11a
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    • pp.329-333
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    • 2003
  • This paper reviews differences between the traditional investment evaluation methods and real option approaches. This study considers management flexibility, contingency and volatility from a strategic management perspective. The roles of various real option approaches are discussed.

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MANAGEMENT OF MULTICENTER CONTROLLED CLINICAL TRIALS

  • Raub William F.
    • 대한예방의학회:학술대회논문집
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    • 1994.02b
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    • pp.336-341
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    • 1994
  • Multicenter controlled clinical trials require It synthesis of the scientific method and the precepts of modern management. The management tasks associated with these studies are akin to those found in other kinds of complex corporate endeavors. It is recommended that clinical investigators become more knowledgeable about management concepts and methods and management specialists be given a major role in the planning and conduct of large-scale clinical trials.

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Prediction of Hypertension Complications Risk Using Classification Techniques

  • Lee, Wonji;Lee, Junghye;Lee, Hyeseon;Jun, Chi-Hyuck;Park, Il-Su;Kang, Sung-Hong
    • Industrial Engineering and Management Systems
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    • v.13 no.4
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    • pp.449-453
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    • 2014
  • Chronic diseases including hypertension and its complications are major sources causing the national medical expenditures to increase. We aim to predict the risk of hypertension complications for hypertension patients, using the sample national healthcare database established by Korean National Health Insurance Corporation. We apply classification techniques, such as logistic regression, linear discriminant analysis, and classification and regression tree to predict the hypertension complication onset event for each patient. The performance of these three methods is compared in terms of accuracy, sensitivity and specificity. The result shows that these methods seem to perform similarly although the logistic regression performs marginally better than the others.