• Title/Summary/Keyword: Strategic Decision-Making

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A Simulation Model for Improving the Productivity of Container Handling in the Container Terminal

  • Park, Nam-Kyu;Lee, Sang-Wan;Park, Hyung-Rim;Kwon, Hae-Kyoung
    • Journal of Navigation and Port Research
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    • v.28 no.4
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    • pp.285-291
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    • 2004
  • The productivity of container terminal is determined by its various operation methods. This paper aims at finding out the factors to enhance the productivity of container handling of quay crane, using simulation technique. Three levels of decision making in terminal operation, strategy, and tactics and operation are selected for defining parameters of simulation The result of the simulation and test shows that the significant factors to improve the productivity are the stack height of container, block dispersion and the distance in yard planning for shipment. Decision making in the operation level, however, is of significance in the mixed condition of strategic and tactical level. The result shows meaningful guidelines in decision making under strategic, tactical and operation level.

Research on make-or-buy decision making strategy using system dynamics: Focused on Korea's military improvement project (시스템 다이내믹스를 이용한 제조-구매 결정 전략: 한국의 방위력 개선 사업을 중심으로)

  • Choi, Jeong-Hwan;Ko, Seong-Pil;Lee, Jeong-Dong
    • Korean System Dynamics Review
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    • v.13 no.1
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    • pp.159-182
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    • 2012
  • Strategic decision on the execution of national security improvement project is greatly important for the present and future national security. Though, the importance of strategic decision, decision making process has been executed under one-way thinking framework. This research provides a decision-making tool with make-or-buy approach for the national security improvement policy execution methods: foreign purchase and military R&D project, and, via simulation, confirms dynamic change of military capability index respect to change in ratio of foreign purchase and military R&D. A result shows that current ratio of foreign purchases and military R&D is insufficient for national security improvement policy goal. Applying the model from this research provides an appropriate ratio for short term and long term defense strategy and policy goal, and consequent result of increase in national security capability. Thus, this research model can be effectively utilized for national security improvement project.

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The Impact of IT Project Size and Types on IT Investment Decision Criteria (IT프로젝트 규모와 유형에 따른 IT투자 의사결정기준의 차이)

  • Lee Kukhie
    • Journal of Information Technology Applications and Management
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    • v.12 no.1
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    • pp.191-211
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    • 2005
  • This study investigates the decision criteria used in the context of IT investment decision making and empirically analyzes the impact of IT project size and types on the importance of decision criteria. 5 criteria which have been extracted from the previous studies and industry practices are budget, financial benefits. strategic value. risk, and the degree of proposer's eagerness. Data of 120 IT project proposals have been collected from 5 companies including bank, insurance. and stock trading company. As results of ANOVA test. 7 out of 10 hypothesis have been accepted statistically. That is. the bigger the project size. the higher the evaluation weight of project budget and risk criteria and the lower the weight of proposer's eagerness. And in case of the infrastructure investment type. the emphasis is placed more on strategic value and risk criteria and less on financial benefit and proposer's eagerness. These findings provide insights for both IT practitioners and researchers.

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Strategic Allocation of the Limited Same Resource by Program Management Office Considering Financial Values (재무 가치를 고려한 PMO의 전략적 동일 한정 자원 배분)

  • Hwang, Jin-Ha;Kim, Ju-Han;Hwang, Jee-Yeon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.3
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    • pp.24-31
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    • 2012
  • Priority rules or sequencing heuristics conventionally used to determine resource allocation is to maximize the earned value on time and cost. This study provides a effective strategy-oriented approach for the program resource management problem with limited same resource, which systematically connects individual project objectives to the overall organizational goal, by introducing financial values as well as priority rules in a broader context. It deals with the resource allocation problem as the decision making problem in the strategic management paradigm to meet business objective and solves it using the analytic hierarchy process, and explains the method of application and usefulness through some simulation cases.

의사결정지원을 위한 중역정보시스템 (EIS) 구축방법 및 적용

  • 배덕우;서의호;이주덕;손형수
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.679-682
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    • 1996
  • The level of informaiton provided by most current EIS systems is not above presentation and reporting. To maximize the effect of EIS, we must increase executives' use-rate. To do so, it is important to provide information really required by the user. In a addition, the decision support funcitons should be provided for strategic decision making. In this paper we propose the methodology for adding the analysis and prediciton functions to the EIS that is, for supporting the decision making with the system. Finally, we present a pilot system based on the proposed methodology.

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A Study on Business Strategic Decision Making with Big-Data using Map Reduce and Fuzzy Cognitive Map (맵 리듀스와 퍼지 인식도를 활용한 빅데이터의 경영 전략 의사결정 활용에 관한 연구)

  • Lee, Ju-Seung;Jang, JaeHee;Kim, Ung-Mo
    • Proceedings of the Korea Information Processing Society Conference
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    • 2015.10a
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    • pp.1156-1158
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    • 2015
  • 본 연구는 기업의 전략 의사결정(Strategic Decision-Making) 실무에 빅데이터를 활용하기 위한 방안으로 하둡-맵 리듀스(Map Reduce)를 통해 처리한 데이터를 이용해 퍼지 인식도(Fuzzy Cognitive Map)의 인과 행렬을 작성하고, 작성된 퍼지 인식도를 활용하는 경영 의사결정 방법과 의사 결정 지원 시스템(DSS: Decision Support System)을 제안한다. 제안을 위해 관련 연구 및 개념, 퍼지 인식도를 기반으로 하는 의사결정 지원 시스템과 제안한 시스템이 갖는 장점, 그리고 퍼지 인식도 기반 의사결정 지원 시스템의 실제 활용 가능성에 대해서 실험을 통해 검증한 내용을 담고 있다.

Development of Various Input Supporting AHP System and Its Application to Strategic Decision Making (다양한 형태의 데이터 입력을 지원하는 AHP 시스템 개발 및 전략적 의사 결정에의 응용)

  • Choi, Sang-Hyun;Kim, Jin-Wook;Han, Kwan-Hee
    • IE interfaces
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    • v.24 no.3
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    • pp.210-219
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    • 2011
  • The traditional AHP(Analytic Hierarchy Process) is to evaluate subjectively the alternatives in the view point of each of criteria and has been widely used at the fields of real world application. The AHP has some drawbacks that makes it difficult to keep the consistency of decision makers' input and take too long to get accurate results because of requiring lots of pairwise comparison between criteria and alternatives. This research is to propose and develop a Hybrid-AHP system for complementing the critical points of traditional AHP methodologies. This system gets the quantitative information as well as qualitative inputs as the comparative ones between criteria and alternatives. We use the input as various type of information such as quantitative values, 9-scale ratings, and fuzzy-based inputs. Finally, we applied the system to the case of choosing strategic industries. The case study have shown the use of various input methods saves processing time, and reduces the input burden of users.

A Mathematical Model for Strategic Decision Making in Two Level Supply Chain Network Design (2단계 공급사슬 네트워크에서 전략적 의사결정을 위한 수리적 모형)

  • Chung, Ki-Ho
    • Management & Information Systems Review
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    • v.32 no.3
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    • pp.107-125
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    • 2013
  • This study deals with a strategic decision making in two level supply chain network design. This study presents more realistic mathematical model than the previous studies by considering simultaneous location of plants and distribution centers, determination of capacity level for both plants and distribution centers, and upper limit condition for numbers of locating plants and distribution centers. This paper tries to help the strategic decision making for two level supply chain network design. For this purpose, three different sized numerical examples are generated and optimal solutions are obtained by applying Excel Solver program. And sensitivity analysis is performed for the biggest sized example problem, which has 10 potential plants, 20 potential distribution centers, and 200 customer zones. After the plants being located are fixed, optimal minimum costs are obtained and compared for each of 7 different numbers of distribution centers to be located. As the number of distribution centers increases, changes in inbound transportation cost and outbound transportation cost can be derived. In case of considering cost as well as customer satisfaction level for two level supply chain network design, the analysis of this changes may help more sophisticated decision making.

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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.