• Title/Summary/Keyword: Practical Management

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A representation of financial planning model using object-oriented approach (객체지향 접근법을 이용한 재무계획모델의 표현)

  • 이재식;한재홍
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1993.04a
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    • pp.62-71
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    • 1993
  • Recently, the computer software technology is not keeping pace with the increasing demand of application software development and rapid changes in business environment. To overcome this "software crisis", many researchers have studied the methodologies to improve the productivity in software development and the flexibility of software usage. Among these methodologies, the most promising and intensively studied methodology is the Object-Oriented Approach The purpose of this study is, therefore, to examine the applicability of the Object-Oriented Approach for improving productivity and flexibility in Management Information Systems development. For an application, we selected a financial planning model, especially focusing on the budgeted income statement. In this thesis, we identified relevent objects in the budgeted income statement, and represented them in the object models. By implementing these object models using C++ language, we evaluated their adaptability in the budget-making process, and showed, by comparing them with the existing Planning '||'&'||' Modeling Languages such as IFPS(Interactive Financial Planning Saystem), their practicability in Management Information Systems. The results of this study are as follows: First, the same object models can be used in making the budgeted income statement both in the department level and in the corporate level. Second, the object models provide the flexibility and extensibility of an application program in case of the changes in business environment. Third, the Object-Oriented Approach is a practical methodology to improve the productivity and cut down the maintenance cost of application software development.t.

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Optimal Algorithms for Voltage Management in Distribution Systems Interconnected with New Dispersed Sources

  • Rho, Dae-Seok;Kook, Kyung-Soo;Wang, Yong-Peel
    • Journal of Electrical Engineering and Technology
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    • v.6 no.2
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    • pp.192-201
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    • 2011
  • The optimal evaluation algorithms for voltage regulation in the case where new dispersed sources are operated in distribution systems are studied. Handling the interconnection issues for proper voltage managements are often difficult and complicated because professional skills and enormous amounts of data during evaluations are needed. Typical evaluation algorithms mainly depend on human ability and quality of data acquired, which inevitably cause the different results for the same issue. Thus, unfair and subjective evaluations are unavoidable. In order to overcome these problems, we propose reasonable and general algorithms based on the standard model system and proper criterion, which offers fair and objective evaluation in any case. The proposed algorithms are divided into two main themes. One is an optimal algorithm for the voltage control of multiple voltage regulators in order to deliver suitable voltage to as many customers as possible, and the other is a proper evaluation algorithm for the voltage management at normal and emergency conditions. Results from a case study show that proposed methods can be a practical tool for the voltage management in distribution systems including dispersed sources.

Limiting the Number of Open Projects to Shorten the NPD Schedule

  • Wang, Miao-Ling;Yang, Chun-I;Chang, Sheng-Hung
    • Industrial Engineering and Management Systems
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    • v.10 no.1
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    • pp.34-42
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    • 2011
  • Many companies open multiple projects simultaneously due to market trends, which results in a crowding out effect because of limited resources. R&D engineers become overloaded and scheduling of product development is delayed resulting in timing misses and lost sales leads. The company in this case study (Company A), often opens up many projects simultaneously in order to respond to market needs quickly. The engineers are overloaded and, of course, the schedule is delayed. In order to identify problems, Company A began using Dr. Goldratt's Thinking Processes (TP) during new product development (NPD). When the analysis phase of TP was completed, Company A's core problem was identified as "the quantity of kick-off projects." Consequently, new rules and conditions and procedures were proposed for the opening, suspending, stopping, and closing of projects. Finally, the "Future Reality Tree" ensured that the proposed rules, conditions and procedures were set up as an available solution approved for practical application by executives. After a one-year trial run, the results showed that the Project Duration Rate was reduced by 53%, the Project Closed Rate was increased by 140% and the Project on Time Rate was increased from 10% to 68%. The above results give significant evidence of the benefits of the proposed methodology.

A Quantitative Vigilance Measuring Model by Fuzzy Sets Theory in Unlimited Monitoring Task

  • Liu, Cheng-Li;Uang, Shiaw-Tsyr;Su, Kuo-Wei
    • Industrial Engineering and Management Systems
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    • v.4 no.2
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    • pp.176-183
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    • 2005
  • The theory of signal detection has been applied to a wide range of practical situation for a long time, including sonar detection, air traffic control and so on. In general, in this theory, sensitivity parametric index d' and bias parametric index $\beta$ are used to evaluated the performance of vigilance. These indices use observer's response "hit" and "false alarm" to explain and evaluate vigilance, but not considering reaction time. However, the reaction time of detecting should be considered in measuring vigilance in some supervisory tasks such as unlimited monitoring tasks (e.g., supervisors in nuclear plant). There are some researchers have used the segments of reaction time to generate a pair of probabilities of hit and false alarm probabilities and plot the receiver operating characteristic curve. The purpose of this study was to develop a quantitative vigilance-measuring model by fuzzy sets, which combined the concepts of hit, false alarm and reaction time. The model extends two-values logic to multi-values logic by membership functions of fuzzy sets. A simulated experiment of monitoring task in nuclear plant was carried out. Results indicated that the new vigilance-measuring model is more efficient than traditional indices; the characteristics of vigilance would be realized more clearly in unlimited monitoring task.

Development of Patients Environmental Sustainability Performance in Healthcare Sector: A Conceptual Framework and Further Research Directions

  • KIM, Eunsung
    • Journal of Distribution Science
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    • v.17 no.7
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    • pp.99-109
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    • 2019
  • Purpose - The purpose of this development the business model of the healthcare sector in order to promote patents satisfaction towards medical sector services improvement for the medical business model innovation to possess a competitive advantage in the medical and pharmaceutical industry. Research design, data, and methodology - Safety standard protocol from existing multidisciplinary literature is a process of theorization, which uses grounded theory methodology rather than a description of the data and the targeted phenomenon by using Jabareen (2009). The first task is to map the spectrum of food safety literature regarding the phenomenon in safety management. This process includes developing the implementation factors and other sources such as existing business models and practices into the protocol design. Results - The study suggests the conceptual framework to improve the safety management for patients' environmental sustainability performance. Conclusion - The business model may support the beneficial aspect to healthcare government's policymakers, hospital employees, and medical specialist who can apply the practical perspective of its value regarding an educational protocol. Originality/value - This study contributes to and extends our understanding of environmental sustainability performance, identifying the rationale for safety standards performance in the healthcare industry with suggested hybrid safety standards market consumer interconnector.

Input Quantity Control in a Multi-Stage Production System with Yield Randomness, Rework and Demand Uncertainty

  • Park, Kwangtae;Kim, Yun-Sang
    • Journal of the Korean Operations Research and Management Science Society
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    • v.18 no.3
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    • pp.151-157
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    • 1993
  • In this paper, we investigate the effects of yield randomness for lot-sizing in a multi-stage production system. The practical importance of incorporating yield randomness into production models has been emphasized by many researchers. Yield randomness, especially in semiconductor manufacturing, poses a mojor challenge for production planning and control. The task becomes even more difficult if the demand for final product is uncertain. An attempt to meet the demand with a higher level of confidence forces one to release more input in the fabrication line. This leads to excessive work-in-process (WIP) inventories which cause jobs to spend unpredictably longer time waiting for the machines. The result is that it is more difficult to meet demand with exceptionally long cycle time and puts further pressure to increase the safety stocks. Due to this spiral effect, it is common to find that the capital tied in inventory is the msot significant factor undermining profitability. We propose a policy to determine the quantity to be processed at each stage of a multi-stage production system in which the yield at each stage may be random and may need rework.

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An Autonomic Self-management Mechanism for High-available Home Service Networked System (고가용성 홈 서비스 네트워크 시스템을 위한 오토노믹 자가 관리 메커니즘)

  • Choi, Chang-Yeol;Kim, Sung-Soo
    • Journal of KIISE:Computing Practices and Letters
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    • v.13 no.2
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    • pp.119-130
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    • 2007
  • Home service networked systems require a high-availability service with a proactive and practical fault management. However, as the system complexity grows, it is not easy to meet the requirement. Moreover, user may want to pay no attention to a sequence of complex or nervous maintenance jobs for system fault managements. Therefore, the home service networked systems must have self & remote fault management capability with a minimal human intervention for meeting high-availability requirement of the integrated systems that consist of the networked appliances or devices. In this paper, we present an autonomic healing utility equipped with a remote self-managing mechanism in order to both increase the availability of home service networked systems and decrease the maintenance cost.

Examination of Board Independence and Board Involvement: The Role of Information Provision and Sharing (이사회 독립성과 이사회 관여: 정보 제공 및 공유를 중심으로)

  • Yoon, Hyunjoong
    • Knowledge Management Research
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    • v.17 no.4
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    • pp.105-127
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    • 2016
  • There is a growing awareness about the role of the board of directors in decision making, which is crucial to vitalize board activities in Korean firms. Given the academic and social needs, the current study is designed to identify the relationship between board independence and the board involvement of directors, highlighting the important aspects of information provision from diverse channels and information sharing among external directors. In this study, I include not only traditional variables to address the structural independence of the board but also the information provision and information sharing variables to explain how external directors, on average, are involved in board decisions. The research results from 136 Korean business samples show positive relationships between board independence and board involvement, but the influence of information provision and sharing proves to be significant in increasing the level of the board involvement of external directors. These findings suggest that active communication and information sharing among external directors, as well as an independent structural design for the board of directors, are important factors to improve the level of board involvement. Based on these results, the current paper provides theoretical and practical implications for corporate governance and knowledge management. Future research directions and limitations are also discussed.

Studies on Better Management Skills in Korean Shipping

  • Kim, Jin-Hwan
    • Journal of Distribution Science
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    • v.16 no.6
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    • pp.5-13
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    • 2018
  • Purpose - The purpose of this paper is to look into some alternative for Korean shipping to overcome difficult situations in shipping, since then it is economic crisis at the end of 2000s. Research design, data, and methodology - The research method to be adopted is first to review theoretical overview about shipping cycle, and then examine difficult shipping situations and studies management aspect, which is to related to establishment of Korea Shipping Council. Results - The boom and bust situations in shipping market have been identified as result of economic crisis at the end of 2000s. Trade volumes have fallen and shipping tonnage has risen respectively. In practical terms, shipping industry has suffered from difficult situations, following to supply and demand of shipping market, and Korean shipping had to face hard time as well, according to lack of management ability of shipping company. Alternatively, it should be asked shipping forum like Korea Shipping Council. Conclusions - From situations of shipping markets since the end of 2000s, it is strongly asked that every parties got involved in shipping business should understand and share more expertise and knowledge of shipping market, which is finally related to decision- making process in shipping.

Research Trends and Issues of Records and Archives Classification in Korea (기록분류에 관한 국내 연구 동향과 과제)

  • Seol, Moon-Won
    • Journal of Korean Society of Archives and Records Management
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    • v.12 no.3
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    • pp.203-232
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    • 2012
  • The study aims at reviewing research trends of records classification and archival arrangement, analysing issues, and suggesting futures tasks in related research area. It starts with defining research categories of records and archives classification through analysing the term of 'classification' being found in the Public Records Management Act. Thirty five research papers which are covering classification of records and archives and published in 1980's are selected for contents analysis. Considering the analysis of domestic and foreign research, and the practical needs, it makes clear the issues and tasks for future research. The study concludes with emphasizing more empirical research for guiding records and archives management and reformulating archival theories in electronic environments.