• Title/Summary/Keyword: performance-measure

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Logistic Performance Measure Cubic Model in Logistic Industry

  • Ree, Sangbok
    • International Journal of Quality Innovation
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    • v.3 no.2
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    • pp.84-92
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    • 2002
  • In this Paper, We propose new performance measure model in Logistic Industry. New model has been learned by key points of PZB model and advanced structure of MBNQA which has cause measure points and effect measure points. The Structure of new performance measure model is Cubic Model which is reflected with time. We try to verify this model apply advance logistic company.

Three-dimensional Teleoperation Performance Measures: Their correlations and effects of task difficulty

  • Park, Sung Ha
    • Journal of the Ergonomics Society of Korea
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    • v.19 no.2
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    • pp.33-45
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    • 2000
  • Present study was performed to compare different types of teleoperation performance measures. A modified Cooper-Harper rating scale and a distance measure were newly introduced and compared to two traditional measures, the error rate and time-to-completion. Participants performed a simulated telerobotic task with varying visual display interfaces. The results of correlation analyses revealed that the modified Cooper-Harper ratings had a close association with the error rate measure. The distance measure also appeared to be a consistent performance measure, which accounted for both the error rate and time-to-completion. A further analysis, however, showed that the effectiveness of each performance measure varied with the level of task difficulty. The results imply that the choice of performance measure should be made based on the task difficulty as well as the particular task being studied. The results revealed here also have implication for performance measures of various display and control systems including aircraft navigation displays and tactical displays.

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A Study on the Performance Measure for Recoverable Item Control (수리 가능한 부품통제를 위한 성능측정수단에 관한 연구)

  • 김지승;김병극
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.19 no.40
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    • pp.23-28
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    • 1996
  • This paper deals with performance measures for recoverable item control where the demand process is time-dependent. The performance measure is essential for modelling a multi-echelon inventory problem for repairable items. Most repairable items are expensive and have a great influence on the performance of equipments. Thus the information on these items is very useful to the decision maker. The purpose of this paper is to derive the system performance measure and the part(component) performance measure considering a cannibalization policy under the dynamic environment.

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Development of Performance Measure Indicators in Hospital Nursing Units (균형성과표를 이용한 병원 간호단위의 조직성과 평가지표 개발)

  • Kang Kyeong-Hwa;Kim In-Sook
    • Journal of Korean Academy of Nursing
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    • v.35 no.3
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    • pp.451-460
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    • 2005
  • Purpose: The purpose of this study was to develop performance measure indicators for hospital nursing units based on a Balanced Scorecard (BSC). Method: This study was a methodological study, The development process consisted of 3 stages. The first stage was setting up strategies for nursing units from a nursing department's mission and vision. The second stage was developing performance measure indicators after a validity check. The third stage was modifying developed performance measure indicators and classifying them. Results: 7 strategies were set up according to 4 perspectives of a BSC. 15 performance measure indicators for hospital nursing units were developed, and the indicators were divided into 8 independent indicators and 7 shared indicators according to the degree of performance responsibility. In addition, they were classified into two groups, 7 leading indicators and lagging indicators. Conclusions: The result of this study suggests that performance measure indicators for hospital nursing units provide a framework and method for nursing organizations' performance management. Also, the developed indicators are expected to provide valuable information for successful organization management.

A Quality Measure for Supplier Selection (공급자선정을 위한 품질척도)

  • 변재현
    • Journal of Korean Society for Quality Management
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    • v.26 no.1
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    • pp.1-10
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    • 1998
  • Su, pp.ier quality plays a major role in the evaluation of su, pp.iers, making it very necessary to develop a proper quality measure useful in selecting su, pp.iers that is able to meet quality specification of the customer. In this paper, we present a measure of the overall quality performance which is a weighted geometric mean of the process capability indices of the quality characteristics of a su, pp.ier. This measure can be used both as a measure of su, pp.ier selection for the customer and as a measure for the self-analysis of the quality performance for the su, pp.ier.

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The Step Complexity Measure - Its Meaning and Applications

  • Park, Jinkyun;Wondea Jung;Kim, Jaewhan;Jaejoo Ha
    • Nuclear Engineering and Technology
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    • v.35 no.1
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    • pp.80-90
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    • 2003
  • According to related studies, it was revealed that the procedural deviation plays a significant role in initiating accidents or incidents. This means that, to maximize safety, it is indispensable to be able to answer the question of “why the operators deviate from procedures\ulcorner” In this study, the SC (step complexity) measure is introduced to investigate its applicability for studying the procedural deviation, since it was shown that the change of the operators' performance is strongly correlated with the change of SC scores. This means that the SC measure could play an important role for researches related to the procedural deviation, since it is strongly believed that complicated procedures would affect both the operator' performance and the possibility of the procedural deviation. Thus, to ensure this expectation, the meaning of the SC measure is investigated through brief explanations including the necessity, theoretical basis and verification activities of the SC measure. As a result, it is confirmed that the SC measure can be used to explain the change of the operators' performance due to the task complexity implied by procedures. In addition, it seems that the SC measure nay be useful for various purposes, particularly for scrutinizing the relationship between the procedural deviation and complicated procedures.

An empirical study on the effectiveness of BSC to measure quality concerning supply relationship (공급 관계품질 측정을 위한 BSC활용의 효과성에 관한 연구)

  • 서창적;권영훈
    • Journal of Korean Society for Quality Management
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    • v.30 no.3
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    • pp.79-93
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    • 2002
  • Many companies are struggling with the issue of performance measurement because a generally accepted framework does not exist. The Balanced Scorecard is designed to help firms that have historically overemphasized short-term financial performance. In this article, we discuss the interrelation between supply relationship and BSC. The Balanced Scorecard to measure quality performance with respect to supply relationship is suggested. Based on the survey of 84 venture firms, the validity of the measurement tool is tested statistically. Consequently, it was found that the suggested items have validity to measure supply relationship quality performance

A Study on the Information Technology Performance Evaluation Model (정보기술 성과 평가 모델에 관한 연구)

  • Choi, Gyun-Hyun;Nam, Ji-Young
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.28 no.3
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    • pp.121-132
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    • 2005
  • Nowadays, Information Technology(IT) has become one of the most critical managerial decision areas, because its role in the business practice tends to be more important and hence the amount of the investment in growing. Since there is no dominant and promising measure to evaluate the IT performance, the managements have difficulties on the decision process for IT investment. In this paper, we propose an IT performance evaluation model. The proposed model starts with finding the business performance evaluation areas and the corresponding KPIs, and then concentrates on the IT performance evaluation areas corresponding to the business performance evaluation areas. To extract the specific and reliable KPIs for the IT performance measure, we map the business performance evaluation areas into the corresponding IT performance evaluation areas and then combine and adjust these KPIs with the KPIs obtained from the experiential field interview. Finally, We present the complete model which has 11 business performance indices and 48 IT performance indices are completed.

A Study on Methodology of Assessment for KM Maturity (지식경영 성숙도 측정 방법론에 대한 연구: 지식경영동인과 지적자산의 연계)

  • Byun, Daniel;Choi, Jae Woong
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.5 no.1
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    • pp.141-153
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    • 2009
  • There have been a lot of researches about KM(knowledge management) in domestic and foreign countries since 1990. Especially, there have been a lot of researches about enabler of KM, knowledge asset etc. but these are insufficient researches about performance measure of knowledge management considering maturity of KM. In addition, performance measure and maturity considering enabler to manage successful knowledge as well as knowledge asset which can be the following result are not the sufficient situation. Therefore, this study makes developmental levels of the inside and outside of the corporate by observing previous studies about the maturity of knowledge management and classifies enabler of knowledge management and measure item about knowledge asset by level, considering the features of each developmental level. And it is designed to propose maturity measure methods considering maturity level of actual knowledge management item by drawing indicator to measure classified items.

Association of Mutual Fund Risk Measures and Return Parameters: A Juxtapose of Ranking for Performance in Pakistan

  • KHURRAM, Muhammad Usman;HAMID, Kashif;JAVEED, Sohail Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.25-39
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    • 2021
  • This purpose of this study is to investigate the association among mutual funds (MFs) risk measures and return parameters, evaluate mutual fund performance and also explore the best appropriate mutual fund performance measure for investment in Pakistan. Therefore, thirty-five mutual funds have been selected for the period 2007-2015. The Sharpe, Treynor, Jensen Alpha, Information ratio and Fama's Net Selectivity measures has been used to analyze MF performance. Our study findings show significant positive relation exist between Sharpe and Jenson alpha & information ratio (IR); Treynor ratio is negatively correlated to Jenson alpha and Jenson alpha is positively allied with IR. Moreover, association among performance measures, Fama's net selectivity is a major driver in leading to other measures but Sharpe and IR lead to Treynor ratio as well. Furthermore, performance measures are ranked in accordance standard deviation with the arrangement of Fama's net selectivity at top, Jenson Alpha at second, Sharpe ratio at third, IR at fourth and Treynor ratio at fifth position according to risk parameters in Pakistan. Overall, Jensen Alpha measure appears to be the best suitable mutual fund performance measure in Pakistan due to its practical nature. Finally, the Pakistani stock market index KSE100 (as benchmark) performs better than MF industry of Pakistan.