• Title/Summary/Keyword: Priority Decision Model

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A Study on the Factors Affecting Consumer Preference of Financial Products (금융상품의 소비자 선호에 미치는 요인에 관한 연구)

  • Chung, Soon-Suk
    • Proceedings of the Safety Management and Science Conference
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    • 2009.11a
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    • pp.327-337
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    • 2009
  • This paper intends to search factor affecting the selection of financial products by analyzing whether there is difference in the preference of individual financial products whose recognition of importance in the property of financial products in different, depending on the property of investors. The Analytical Hierarchy Process (AHP) is used to test the priority model. The study attempts to demonstrate how the model helps providing better decision choices in financial products.

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A Study on Land Acquisition Priority for Establishing Riparian Buffer Zones in Korea (수변녹지 조성을 위한 토지매수 우선순위 산정 방안 연구)

  • Hong, Jin-Pyo;Lee, Jae-Won;Choi, Ok-Hyun;Son, Ju-Dong;Cho, Dong-Gil;Ahn, Tong-Mahn
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.17 no.4
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    • pp.29-41
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    • 2014
  • The Korean government has purchased land properties alongside any significant water bodies before setting up the buffers to secure water qualities. Since the annual budgets are limited, however, there has always been the issue of which land parcels ought to be given the priority. Therefore, this study aims to develop efficient mechanism for land acquisition priorities in stream corridors that would ultimately be vegetated for riparian buffer zones. The criteria of land acquisition priority were driven through literary review along with experts' advice. The relative weights of their value and priorities for each criterion were computed using the Analytical Hierarchy Process(AHP) method. Major findings of the study are as follows: 1. The decision-making structural model for land acquisition priority focuses mainly on the reduction of non-point source pollutants(NSPs). This fact is highly associated with natural and physical conditions and land use types of surrounding areas. The criteria were classified into two categories-NSPs runoff areas and potential NSPs runoff areas. 2. Land acquisition priority weights derived for NSPs runoff areas and potential NSPs runoff areas were 0.862 and 0.138, respectively. This implicates that much higher priority should be given to the land parcels with NSPs runoff areas. 3. Weights and priorities of sub-criteria suggested from this study include: proximity to the streams(0.460), land cover(0.189), soil permeability(0.117), topographical slope(0.096), proximity to the roads(0.058), land-use types(0.036), visibility to the streams(0.032), and the land price(0.012). This order of importance suggests, as one can expect, that it is better to purchase land parcels that are adjacent to the streams. 4. A standard scoring system including the criteria and weights for land acquisition priority was developed which would likely to allow expedited decision making and easy quantification for priority evaluation due to the utilization of measurable spatial data. Further studies focusing on both point and non-point pollutants and GIS-based spatial analysis and mapping of land acquisition priority are needed.

A Study on a Decision Making Model of Prioritization of Supporting Policies for Regional Strategic Industries in Chung-nam (충남지역 전략산업 지원사업의 투자우선순위 결정모형에 관한 연구)

  • Lee, Bo-Hyung;Kyung, Jong-Soo;Suh, Sang-Hyuk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.11 no.9
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    • pp.3196-3203
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    • 2010
  • The regional strategic industry support has been increasingly developed due to the change of environmental and political conditions for the last 10 years. As the paradigm changed from the central government-sponsored system to regional government-sponsored system, the policy has been diversified into various support systems such as regional strategic industry, specialized industry, supporting technology, supporting business, etc. It is crucial to establish the overall development plans and project strategies for the regional industry in terms of effectiveness and efficiency which will generate an integrated strategic frame to adjust overlapped supporting policies and offer a consumer-oriented service. Not only does the study focus on performance-based outcome regarding to a regional business (supporting policy) portfolio, but it also analyzes and proves an empirical decision-making model to draw out the priority and relative importance according to the regional strategic industry and support cases by analyzing the case of Chungnam area's strategic industry support in 2009. Following a priority list of 20 support cases selected from this research model by the Analytic Hierarchy Process (AHP), the result shows that the diverse support plans are needed according to the different strategic industries or the size of enterprise due to the fact that priority of project type varies upon the characteristics of strategic industry. Thus, the support project needs to generate various strategic industries and develop differentiated support policy to consolidate competitiveness of regional enterprises and revitalize the regional economy.

Product Family Design based on Analytic Network Process (Analytic Network Process에 기초한 제품가족 디자인)

  • Kim, Tai-Oun
    • Journal of Intelligence and Information Systems
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    • v.17 no.4
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    • pp.1-17
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    • 2011
  • In order to maintain customer satisfaction and to remain productive and efficient in today's global competition, mass customization is adopted in many leading companies. Mass customization through product family and product platform enables companies to develop new products with flexibility, efficiency and quick responsiveness. Thus, product family strategy based on product platform is well suited to realize the mass customization. Product family is defined as a group of related products that share common features, components, and subsystems; and satisfy a variety of market niches. The objective is to propose a product family design strategy that provides priority weights among product components by satisfying customer requirements. The decision making process for a new product development requires a multiple criteria decision making technique with feedback. An analytical network process is adopted for the decision making modeling and procedure. For the implementation, a netbook product known as a small PC which is appropriate for the product family model is adopted. According to the proposed architecture, the priority weight of each component for each product family is derived. The relationship between the customer requirement and product component is analyzed and evaluated using QFD model.

Simple priority setting method for Screening in public health assessment of waste incineration facilities (폐기물 소각시설 주변 환경보건평가 중 스크리닝 단계에서의 우선순위 선정기법에 관한 연구)

  • Kim, Gi Young;Hong, Seung Cheol
    • Journal of Environmental Impact Assessment
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    • v.21 no.5
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    • pp.813-821
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    • 2012
  • Environmental and public health concern for the emission of air pollutants from burn-up process in waste incineration plants located in the vicinity of living environment was increased during the past decade. The purpose of this study was to suggest of the simple and rapid method of priority setting model for the decision of full-scale public health assessment. This method was consists of total 5-step. Step 1 was "secure the satellite map" and we can use the satellite map which serves from the website such as NAVER Co. Step 2 was "drawing mesh on the map" for catch the point of occupation of environmental sensitivity facilities, and step 3 was "identification and sorting of the facilities", Step 4 was "setting of weight" using the "weighted linear combination (WLC) method". Finally, all facility was sorted by score. As a result, we can set a priority of 145 facilities based on 177 facilities which managed in local government. Facilities in Seoul metropolitan area was high rank in priority list. On the other side, Facilities located at the country or rural area was low rank because of low occupation of the house and the environmental sensitivity facilities such as kindergarten, elementary school, and hospital. In this study, we suggested simple and rapid method that using for screening procedure of public health assessment.

AHP Model for Evaluating EIS Software Packages (EIS 소프트웨어 패키지 평가를 위한 AHP 모형)

  • Byun, Dae-Ho
    • Asia pacific journal of information systems
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    • v.9 no.3
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    • pp.75-92
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    • 1999
  • Executive information systems (EIS) developers are faced with an increasingly difficult choice problem in the evaluation and selection of software packages. For many reasons, they frequently must depend on identification and evaluation of features of packages. When EIS software evaluation is regarded as an unstructured or semi-structured group decision making problem, the most appropriate decision-aiding methods are needed to help effective group interaction. This paper examines evaluation criteria of full-featured EIS packages and considers the priority of these criteria using the Analytic Hierarchy Process (AHP). Two exploratory phases are presented. In the first phase, an approach combining the AHP with the linear weighted attribute method is presented to computer qualities of some packages. In the second phase, the decision making group includes EIS developers, users, and vendors to prioritize evaluation criteria.

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Use of Managerical Decision Categories for Selecting KA/KR Techniques in HRM Problem Domains

  • Byun, Dae-Ho;Suh, Eui-Ho
    • Journal of the Korean Operations Research and Management Science Society
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    • v.21 no.2
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    • pp.71-93
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    • 1996
  • Selection of appropriate knowledge acquisition and representation techniques is regarded as a major task in the development of expert systems. This depends on the characteristics of problem domains. Expert system builders have often adopted a technique without a formal analysis of application domains. The purpose of this paper is to provide the best knowledge aquisition and representation technique for use in human resource management problem domains. In an attempt to meet this purpose, the conceptual contingency model that suggests the best technique according to managerial decision categories is used as a guidance. In order to determine the priority of managerial decision categories, the Analytic Hierarchy Process and an extended method are proposed.

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Decision on Replacing Security Components for Infer]nation Systems (정보시스템 도입에 따른 보안기능 컴포넌트 대체 수준 의사결정)

  • Choi Myeonggil;Kim Hyunwoo;Kim Eunhye;Kim Sehun
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.10a
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    • pp.147-157
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    • 2004
  • Enterprises and governments currently utilize COTS based information systems which are a kind of component based systems. Especially, COTS are widely utilized as information security systems and information systems including information security functions. This paper suggests an appropriate adaptation level of security functional components and a cost effective priority among them. To make a cost effective decision on adapting security functional components, this paper develops a hierarchical model of information security technologies and analyzes findings through multiple decision-making criteria.

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A Hybrid Method of MultiAttribute Utility Theory and Analytic Hierarchy Process for R&D Projects' Priority Setting. (MAUT/AHP를 이용한 연구개발사업 우선순위 선정방법)

  • 김정흠;박주형
    • Proceedings of the Technology Innovation Conference
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    • 1999.06a
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    • pp.245-265
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    • 1999
  • MAUT and AHP are widely used for quantification of subjective judgements in various fields of decision making. This study focuses on the introduction and application of MAUT/AHP method which is a hybrid of MAUT and AHP techniques in R&D project priority setting. This hybrid model can clarify each factors' contribution using MAUT method and can reduce the number of pairwise comparisons of AHP method. This study applies AMUT/AHP method to the evaluation of R&D projects in a Government - funded research institute. To evaluate R&D projects, six evaluation factors are derived. SMART(Simple MultiAttribute Rating Technique) and DVM(Difference Value Measurement ) out of many MAUT methods are used to design the utility function ad AHP is used to allocate the weights among evaluation factors. The major findings of this study can be summarized as follows. First, the SMART/AHP and the DVM/AHP have the same results with the SMART and the DVM, and they are different results with AHP. It is very hard to decide which one is better. Second, MAUT/AHP's strength is analyzed. MAUT reflects utility values of evaluators to alternatives and AHP results objective and consistent weights of factors through pariwise comparisons. Third, its possible application fields are proposed. It is applicable to subjective decision making problems with high complexity and inter-independent factors.

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Measures of Effectiveness and Selection Criteria of Technology Development (산업기술도입의 선정기준과 효율측정)

  • Kim, Jae-Ju;Lee, Myeon-Ryang;Jeong, Yeong-Sam
    • Journal of Korean Institute of Industrial Engineers
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    • v.2 no.1
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    • pp.37-44
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    • 1976
  • It is necessary for developing countries to increase their consolidation of domestic technology in order to improve their economy. In order to raise their techniques, they have to try to induce the advanced know-how from other countries in spite of heavy cost. The object of this study is to establish the model on which we base our choice of the proper techniques or plants and give priority to them by using quantified selection criteria. The method in this study has two stages, and the writer has selected 12 factors affecting the decision making for the importation of technology from the industrially advanced countries. First, the lists of valuable know-how for the better development of national industry should be determined, and for the formulation and arrangement of the lists, a council of specialists which uses questionnaires in terms of the Semantic Differential Method, should be organized. Second, for the assignments of priority to the prospective items for importation, the writer has imployed both the Leontief Model and the Disman Model as objective methods and Mottley-Newton method, one of the R&D Project Selection Methods, as a general model. The writer has applied the methods described above to the fields of petrochemical industry in Korea.

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