• Title/Summary/Keyword: Managers' Decision Making

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Study on Decision-Making Factors of Big Data Application in Enterprises: Using Company S as an Example

  • Huang, Yun Kuei;Yang, Wen I.;Chan, Ching Sen
    • East Asian Journal of Business Economics (EAJBE)
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    • v.4 no.1
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    • pp.5-15
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    • 2016
  • With vigorous development of global network community, smart phones and mobile devices, enterprises can rapidly collect various kinds of data from internal and external environments. How to discover valuable information and transform it into new business opportunities from big data which grow rapidly is an extremely important issue for current enterprises. This study treats Company S as the subject and tries to find the factors of big data application in enterprises by a modified Decision Making Trial and Evaluation Laboratory (DEMATEL) and perceived benefits - perceived barriers relation matrix as reference for big data application and management of managers or marketing personnel in other organizations or related industry.

A Study on Optimization Models for Passenger Ship Fleet Routing (여객선대 배치 및 경로 선택 문제를 위한 최적화 모형 개발에 관한 연구)

  • 조성철;장기창
    • Journal of the Korean Institute of Navigation
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    • v.24 no.5
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    • pp.385-395
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    • 2000
  • In the transportation literature, many useful decision making models for ship routing and ship scheduling have been studied. But the majority of these studies are on industrial carriers, bulk carriers, or tankers. It is quite recent that a few optimization models have been developed for liner fleet routing and scheduling problems. However there have been few academic studies on decision making models for the routing or scheduling problems of passenger ships in spite of their economic importance in the entire shipping industry. The purpose of this study is to develop analytic decision making models for ship routing and scheduling for the passenger ship fleet. This study gives two optimization models, one is a linear programming model and the other a goal programming model. These two models are solved easy by commercial linear programming softwares and suggest optimal ship routing plans and many other useful implications for passenger ship fleet managers.

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The Decision Making Strategy for Determining the Optimal Production Time : A Stochastic Process and NPV Approach (최적생산시기 결정을 위한 의사결정전략 : 추계적 과정과 순현재가치 접근)

  • Choi, Jong-Du
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.1
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    • pp.147-160
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    • 2007
  • In this paper, the optimal decision making strategy for resource management is viewed in terms of a combined strategy of planting and producing time. A model which can be used to determine the optimal management strategy is developed, and focuses on how to design the operation of a Markov chain so as to optimize its performance. This study estimated a dynamic stochastic model to compare alternative production style and used the net present value of returns to evaluate the scenarios. The managers in this study may be able to increase economic returns by delaying produce in order to market larder, more valuable commodities.

Process Progress Pattern Analysis based on Daily Work Report Analysis (작업일보 데이터 분석 기반 공정 진척 패턴 분석)

  • Ko, Yong-Ho;Shin, Young-Keun;Han, Seung-woo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2016.05a
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    • pp.156-157
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    • 2016
  • Construction projects have shown a dramatic increase in size and complexity during the recent years that precise management has been recognized as one of key factors leading the project to success. It has been investigated that management in construction sites is generally done based on the experience of site engineers. Such experience based decision making lacks reliability that could bring disastrous results such as delay and cost overruns. The purpose of this study is to suggest a process progress pattern analysis method that is expected to be used as an objective reference for site managers to aid the decision making done regarding process progress management.

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A Web-based Recall Management System(RMSys) for an ERP (ERP와 연동 가능한 Web기반 Recall Management System(RMSys) 개발)

  • Byun Seong-Nam;Kim Sa-Kil;Jong Il-Ho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.28 no.1
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    • pp.72-83
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    • 2005
  • Recall aims to remove the products hazardous to consumers or users from the commerce. However, a recall with a poor decision making procedure could results in disaster to corporations. Therefore, recall managers should establish a proper recall plan in advance to minimize the damage to business. The purpose of the study is to propose a computerized recall management system(RMSys) to handle recall process systematically and timely manners. RMSys, a recall decision-making procedures software, consists of two different modules such as recall decision-making module and recall procedure module. RMSys on the basis of the world wide web is designed to be compatible to ERP(Enterprise Resources Panning). RMSys could play a role as a management support system to help the corporations recall the hazardous products with minimum efforts.

Effect of the Elderly Consumers' Financial Independency on Eating-out Decision Making Process (노인 소비자의 경제적 독립성이 외식 구매 의사 결정 과정에 미치는 영향에 관한 연구)

  • Kim Tae-Hee;Seo Eon
    • Journal of the East Asian Society of Dietary Life
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    • v.15 no.4
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    • pp.475-482
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    • 2005
  • As Korea has approached the aging society, older Koreans have become an important force in restaurant sales today. To succeed with this silver market, it is important for restaurant managers to know who they are and which factor influence the older Koreans' eating-out decision making process. The purpose of this study was to investigate the effect of the elderly consumers financial independency on restaurant selection process. Data were collected from 178 older consumers above 55 years old and analyzed using the descriptive statistic analysis, MANOVA, and one-way ANOVA. The results showed that the elderly consumers financial independency significantly influenced the decision making process in determining where they eat out Significant differences were found between high income group and low income group in the Problem Recognition Step(Wilks' Lambda=0.776, F=3.796), Information Search Step(Wilks' Lambda=0.779, F=2.959), Alternative Evaluation Step (I :Wilks' Lambda=0.835, F=1.748/ II :Wilks' Lambda=0.764, F=3.212), and Purchase Decision Step(Wilks' Lambda=0.849, F=2.412), except the Post-Purchase Behavior(Wilks' Lambda=0.933, F=1.179). The more financially independent older consumers were, the more directly they were involved in the eating out decision making process. Older consumers with higher income and more personal property were likely to 'propose to eat out by themselves'(F=10.986), to obtain restaurant information from the 'printed materials'(F=9.707), to consider 'convenient location' as most important factor when they eat out(F=5.594), and to go to 'family restaurant'(F=7.067), 'Japanese restaurant'(F=7.391) and 'fine dining restaurants'(F-=6.382). In conclusion, we found that the elderly consumers financial independency did influence the eating-out decision making process. Considering that older Korean will become a financially independent consumer and will be eating away from home more often, food service operations should actively position themselves for this market and develop the market-driven menus and services to meet their needs and expectations.

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Influence of Consumer Self-confidence and Self-confidence in Fashion Coordination on Attitude toward Secondhand Fashion Goods and Purchase Intention of Secondhand Fashion Goods (소비자 자신감과 패션연출 자신감이 중고패션제품에 대한 태도와 구매의도에 미치는 영향)

  • Park, Hyun-Hee;Choo, Tae-Gue
    • Fashion & Textile Research Journal
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    • v.14 no.4
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    • pp.544-553
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    • 2012
  • This study examined the influence of consumer self-confidence and self-confidence in fashion coordination on the attitude toward secondhand fashion goods and the purchase intention of secondhand fashion goods. Questionnaire data from 346 university students were analyzed and the results were summarized as follows. First, there were five factor solutions in consumer self-confidence: information acquisition, personal outcomes decision making, social outcomes decision making, consideration-set information, persuasion knowledge. Second, information acquisition, social outcomes decision making, and consideration-set information had significant effects on self-confidence in fashion coordination, while personal outcomes decision making and persuasion knowledge had no effect on self-confidence in fashion coordination. Third, self-confidence in fashion coordination had a significant effect on attitude toward secondhand fashion goods however, it had no effect on purchase intention of secondhand fashion goods. Fourth, attitude toward secondhand fashion goods had a significant effect on the purchase intention of secondhand fashion goods. The results show diverse implications for marketers and managers of secondhand fashion goods.

A Study on the How IT Governance Decision Making Knowledge Sharing between CEO and CIO Influences the Effectiveness of the Information Systems (IT 거버넌스 의사결정 영역에 대한 CEO와 CIO의 지식공유 정도가 정보시스템 효과성에 미치는 영향에 관한 연구)

  • Kim, Min-Sun;Hong, Shin-Hye;Lee, Jae-Bum
    • The Journal of Information Systems
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    • v.17 no.4
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    • pp.129-156
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    • 2008
  • This study empirically tested a research model and hypothesis extracted and based on IT governance and knowledge sharing theories. In this study we targeted CIO and IS managers to find the effects of the degree of knowledge sharing between CEO and CIO regarding five areas of IT governance decision-making: IT principles, IT architecture, IT infrastructure, business application needs, and IT investment and prioritization, on IT and business alignment. Additionally we studied the effects of business alignment on the effectiveness of information systems. Results showed that the degree of knowledge sharing in CEO and CIO on IT principles, IT infrastructure, IT investment and prioritization had a positive influence on IT and business alignment, ultimately showing a positive influence on the effectiveness of information systems. This research has shown that fording the preferable relationship between IT and business affected by performing high quality decision making based on knowledge sharing and consequently it also is a basis to provide a positive influence to the effectiveness of the information system.

A STUDY ON THE DEVELOPMENT OF A COST MODEL BASED ON THE OWNER'S DECISION MAKING AT THE EARLY STAGES OF A CONSTRUCTION PROJECT

  • Choong-Wan Koo;Sang H. Park;Joon-oh Seo;TaeHoon Hong;ChangTaek Hyun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.676-684
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    • 2009
  • Decision making at the early stages of a construction project has a significant impact on the project, and various scenarios created based on the owner's requirements should be considered for the decision making. At the early stages of a construction project, the information regarding the project is usually limited and uncertain. As such, it is difficult to plan and manage the project (especially cost planning). Thus, in this study, a cost model that could be varied according to the owner's requirements was developed. The cost model that was developed in this study is based on the case-based reasoning (CBR) methodology. The model suggests cost estimation with the most similar historical case as a basis for the estimation. In this study, the optimization process was also conducted, using genetic algorithms that reflect the changes in the number of project characteristics and in the database in the model according to the owner's decision making. Two optimization parameters were established: (1) the minimum criteria for scoring attribute similarity (MCAS); and (2) the range of attribute weights (RAW). The cost model proposed in this study can help building owners and managers estimate the project budget at the business planning stage.

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Factors Influencing the Registration as Managers of Female Farmers on the Field of Work and Life (여성농업인의 경영주 등록 결정에 대한 일·생활 분야 영향요인)

  • Han, Jiyoung;Nam, Jungsoo;Kim, Yong;Hong, Young Pyo
    • Journal of Agricultural Extension & Community Development
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    • v.28 no.4
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    • pp.215-229
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    • 2021
  • This study aims to identify the factors influencing the registration of managers or co-managers in agricultural management in the field of work and life of female farmers and to derive implications for expanding the registration of female farmers as managers and securing the status of women. In this study, binomial logit analysis was conducted with 1,043 questionnaire responses collected on&offline to achieve the research purpose. As a result of the analysis, it was found that the duration of farming, decision-making initiative, the experience of the supporting policies for farming activity, the activities of the crop group/research or female farmer's group, and the experience of supporting policies for self-development and leisure activities had a statisticallty significant effect on the registration of female farmers.