• IE interfaces
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• v.17 no.3
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• pp.359-374
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• 2004

The objective of this paper is to provide an improved reorder decision policy for general multi-echelon distribution systems utilizing the shared stock information. It has been known that traditional reorder policies sometimes show poor performance in distribution systems. Thus, in our previous research we introduced the order risk policy which utilizes the shared stock information more accurately for the 2- echelon distribution system and proved the optimality. However, since the real world supply chain is generally composed with more than 2 echelons, we extend the order risk policy for the general multi-echelon systems. Since the calculation of the exact order risk value for general multi-echelon systems is very complex, we provide two approximation methods for the real-time calculation. Through the computational experiment comparing the order risk policy with the existing policies under various conditions, we show the performance of the order risk policy and analyze the value of the shared stock information varying with the characteristics of the supply chain.

• Journal of the Korean Home Economics Association
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• v.46 no.4
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• pp.1-13
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• 2008

The purpose of this study is to identify variables that influence the family decision-making process when planning a wedding. In this case the planning refers to: the procedure of the wedding: yedan, which means presents for parents and relatives: and yemul, which means wedding gifts. Decision-making was categorized into four types: decisions led by the bride and groom, decisions led by the groom's parents, decisions led by the bride's parents, and co-decisions by the two families. Resource theory was used as a conceptual framework. Data for this study were collected from 305 adults who got married after 1977 and lived in Seoul. Multinomial logistic regression models were used to analyze the data. Variables determining the decision-making of wedding procedure were the groom's age at marriage, the level of familism, and the major source for the wedding expenses. When it came to decisions on yedan, gender, the bride's year of education, and the major source for wedding expenses had significant influence on the decision-making. Variables that affected decision-making on yemul were the bride's year of education, and the major source for wedding expenses. This study suggested the power structure among bride, groom, and their parents through variables which exert influence on family decision-making.

• Journal of Korean Society of Transportation
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• v.5 no.1
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• pp.25-31
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• 1987

This article shows that, in the logit models, the(conditional) expected utility of the decision makers choosing an alternative is invariant across all alternatives. This property of the logit model implies that the logit model can not explain the distributional wealfare effects of a transportation policy (or transportation investment) among different alternatives, and thus the logit model is not proper for evaluating transportation policy in equity aspects.

• Health Policy and Management
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• v.27 no.4
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• pp.336-346
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• 2017

Background: Due to the asymmetry of information and knowledge and the power of bureaucrats and medical professionals, it is not easy for citizens to participate in health care policy making. This study analyzes the case of the insured organization participating in the Health Insurance Policy Committee (HIPC) and provides a basis for discussing methods and conditions for better public participation. Methods: Qualitative analysis was conducted using the in-depth interviews with the participants and document data such as materials for HIPC meetings. Semi-structured interviews were conducted with purposively sampled six participants from organizations representing the insured in HIPC. The meanings related to the factors affecting participation were found and categorized into major categories. Results: The main factors affecting participating in the decision making process were trust and cooperation among the participants, structure and procedure of governance, representation and expertise of participants, and contents of issues. Due to limited cooperation, participants lacked influence in important decisions. There was an imbalance in power due to unreasonable procedures and criteria for governance. As the materials for meetings were provided inappropriate manner, it was difficult for participants to understand the contents and comments on the meeting. Due to weak accountability structure, opinions from external stakeholders have not been well received. The participation was made depending on the expertise of individual members. The degree of influence was different depending on the contents of the issues. Conclusion: In order to meet the values of democracy and realize the participation that the insured can demonstrate influence, it is necessary to have a fair and reasonable procedure and a sufficient learning environment. More deliberative structure which reflects citizen's public perspective is required, rather than current negotiating structure of HIPC.

• Journal of the Korean association of regional geographers
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• v.15 no.5
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• pp.671-687
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• 2009

This paper aims to link the development strategy of a local government(Guri-si, Kyunggi-do) to a spatial decision support system that is in the early stages of implementation and testing. Spatial Decision for a local governmental authority typically involves multiple stakeholders. To any specific regional problem, stakeholders often have various levels of knowledge and experiences about it, that yield conflicting views. In this point of view, the enhanced access to information can bring the decision process to solve the problem throughout more public participation. Recently, Urban development study was required to improve the decision making of public participation form. This study aim to investigate an analysis local government of Guri-si, can be supported as the suggestion of decision making system. Guri-si has been argued that it would improve citizen's life quality intent theme 'by historical tourism in general dimension' promote region identity, environment friendly and transportational strength, by reflecting various plan of urban development and it executed strategy. There are increasing interest in citizen participation and practical using of policy decision making to respond to uncertain environment and systematic exploration of local government. Focused on the contents of public participation decision making, it is important to investigate how to analysis urban development strategy and geographic information relationship for useful. The paper concludes with a discussion of current issues encountered during development and implementation of spatial decision making(or support) system for the local administrative authority.

• Korean System Dynamics Review
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• v.15 no.2
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• pp.75-96
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• 2014

The purpose of this paper is to analyze the functional changes of local educational authority policy based on the systems thinking perspective using causal loop diagrams. In the past, the main function of the local educational authority was to manage and supervise schools. Through this policy, local educational authority would be transformed into a support agency. However, this policy did not achieve the goal, was to cause confusion and require improvement. This study shows structured causes of the problem based on systems thinking. These diagrams make it possible for educational policy makers to provide ideas, although they have some complicated environment. The findings indicate that based on systems thinking in this policy can help those who related to policy decision than existing diagnosis method.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2004.05a
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• pp.636-647
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• 2004

The objective of this paper is to provide an improved reorder decision policy for general multi-echelon distribution systems utilizing the shared stock information. It has been known that traditional reorder policies sometimes show poor performance in distribution systems. Thus, in our previous research we introduced the order risk policy which utilizes the shared stock information more accurately for the 2-echelon distribution system and proved the optimality. However, since the real world supply chain is generally composed with more than 2 echelons, we extend the order risk policy for the general multi-echelon systems. Since the calculation of the exact order risk value for general multi-echelon systems is very complex, we provide two approximation methods for the real-time calculation. Through the computational experiment comparing the order risk policy with the existing policies under various conditions, we show the performance of the order risk policy and analyze the value of the shared stock information varying with the characteristics of the supply chain.

• Journal of Korean Society for Quality Management
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• v.16 no.2
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• pp.1-9
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• 1988

This paper considers a machine maintenance problem. The machine's condition is partially known by observing the machine's output products. This problem is formulated as an infinite horizon partially observable Markov decison process to find an optimal maintenance policy. However, even though the optimal policy of the model exists, finding the optimal policy is very time consuming. Thus, the intends of this study is to find ${\varepsilon}-optimal$ stationary policy minimizing the expected discounted total cost of the system, ${\varepsilon}-optimal$ policy is found by using a modified version of the well-known policy iteration algorithm. A numerical example is also shown.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.8 no.11
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• pp.35-43
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• 1985

In this paper we will concentrate on the Quality Control Policy which should be enforced as a part of the Total Quality Control considers the global concepts, the establishment Procedures, and the evolution and operation of Quality control policy to achieve effectively it. For enforcement of the Qualify control policy shall be focused for considerations : (1) suggestion of the optimum control policy (2) suggestion of a comprehensive plan and promoting method quality control (3) suggestion of matters that need special consideration at the time of decision of a comprehensive management of control policy thereof. (4) A comprehensive Proposal (5) suggestion of a plan for progress of the Quality control system and the supplementary plan In the future, accordingly, establishment d its own policy control level is desirably more reasonable, and the Total Quality Control System that employes the control efficiency of periodical and systematic and rationalization and radical reform of the enterprise management problem as the restrictive conditions must be applied for quality control system.

• The Korean Journal of Applied Statistics
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• v.33 no.3
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• pp.321-334
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• 2020

The US Federal Reserve (Fed) has decided to cut interest rates. When we look at the expression of the FOMC statements at the time of policy change period we can understand that Fed has been communicating with markets through a change of word selection. However, there is a criticism that the method of analyzing the expression of the decision sentence through the context can be subjective and limited in qualitative analysis. In this paper, we evaluate the signaling effect of FOMC statements based on previous research. We analyze decision making characteristics from the viewpoint of text mining and try to predict future policy trend changes by capturing changes in expressions between statements. For this purpose, a decision tree and neural network models are used. As a result of the analysis, it can be judged that the discrepancy indicators between statements could be used to predict the policy change in the future and that the US Federal Reserve has systematically implemented policy signaling through the policy statements.