• Title/Summary/Keyword: profit maximization

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A Study of Material Information System Model For Building Finishes (건축 마감자재정보 시스템 모델 연구)

  • Won, Seo-Kyung;Kang, Min-Woo;Woo, Ji-Youn;Kim, Sun-Kuk
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.597-601
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    • 2006
  • There are considerable amount of man power and time spent for analysis and selection of various materials due to the inadequate application system and rapid searching process of material related information in each stage of building production process. Also, due to the insufficiency in recycling system of important information created for each process, they are hoarded at each task stage and project completion. As a result, because of the repetition of the similar/identical tasks on each process, it is the major reason for impeding the efficient employment of manpower of the company and decreasing competition of the company. Moreover, in selecting finish material in the project field, there are many difficulties due to the lack of technical information such as product characteristics and field applications. The construction quality also affects the profit and loss of the product which calls for a need to develop continued information management system that the finish material related examples could be shared in real time. The objective of this study is to propose a building finish material information which the real time research and application is possible to raise the productivity. TO do this, the current material information task status analysis and questionnaire research should be conducted to understand the demand of system development and reflect the result onto the system for easy access and application. Therefore, the building finish material information system for enhancement of productivity of construction task proposed in this study is expected to be utilized in enhancement of construction quality, maximization of company profit, and strengthening of company competition.

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Predicting Project Performance by Analyzing Key Success Factors on Project Fiancing(PF) Development (건설 프로젝트 파이낸스(PF) 사업의 성공영향요인(KSF) 분석을 통한 사업성과 예측 모델)

  • Lee, Dong-Gun;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.5
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    • pp.127-137
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    • 2014
  • Project Financing (PF) development project is the type which influences national economy and building industry largely because it is exerted by using borrowed money from many kinds of investors and huge amount of financial raising. Many domestic PF projects are focused mainly on the profit maximization lacking in a sufficient feasibility study. Nowadays many projects are suspending due to the global finance debacle and stagnation of real estate industry. Therefore, in this paper, risk factors of PF project are deducted and Key Success Factors (KSFs) are derived through Factor-Analysis and qualified using Fuzzy-AHP method. And through the evaluation of the derived success factors in real projects, a strong correlationship has been identified between the score of each PF success factor and the level of success and/or expected rate of return (ROR). So, the result of this paper can help decision makers of the PF projects make a better decision and give a meaningful guidance in achieving successful PF projects.

A Study on the Job Satisfaction Influence Factors of Casino Employees -Focused on the casino at KangwonLand- (카지노 종사원의 직무만족 영향요인에 관한 연구 -강원랜드 카지노를 중심으로-)

  • Kim, Soo-Jin;Son, Jae-Young
    • Korean Business Review
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    • v.23 no.2
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    • pp.115-132
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    • 2010
  • Kangwonland has been the only domestic casino and movement in casino industry has not been notable, but if more domestic casinos open in the future, it is inevitable those casino workers will move for the better remuneration and working condition. In this situation, in order to keep the previous customers and create new ones, we need to realize the importance of workers who lead customers' satisfaction. For this purpose, we need to find out the influential factors which affect the job satisfaction of the workers and try to turn the worker's satisfaction into good customer service. Despite the importance of casino workers, previous researches about casino industry focused only on economic effects, and there was few systematic research about the casino workers considering their job characteristics who provide services to customers in field. Therefore, this research aims to grasp influential factors of job satisfaction of casino dealers, analyze satisfaction and find out the ways to enhance the satisfaction. This will eventually help profit maximization of the casino company by improving the service quality. For this purpose, research was conducted whether job itself, relationship with the supervisors, promotion, remuneration, working environment affect the job satisfaction of the employees meaningfully and whether job satisfaction changes according to demographic characteristics.

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Valuation of Irrigation Water: A Chance-Constrained Programming Approach (확률제약 계획모형법을 이용한 농업용수의 경제적 가치 평가)

  • Kwon, Oh-Sang;Lee, Tae-Ho;Heo, Jeong-Hoi
    • Journal of Korea Water Resources Association
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    • v.42 no.4
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    • pp.281-295
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    • 2009
  • This study estimates the value of irrigation water in Korea using an economic programming model that is constructed with all the resource endowment constraints, technology restrictions and policy variables. The variability and uncertainty of water resource endowment are incorporated into the model through the chance-constrained technique. Solving the profit maximization problems with gradually reduced water endowments, we derive a series of shadow values of irrigation water. It has been found that uncertainty in water supply raises the damage from water loss, and the marginal damage increases in water loss.

A Tentative Paper on the Object of Study in Fisheries Management (수산경영학의 대상규정에 관한 시론적 고찰)

  • Khong, Ryong-Sik
    • The Journal of Fisheries Business Administration
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    • v.16 no.2
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    • pp.1-18
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    • 1985
  • The dispute on the object of study in the business management have been carried out since 1912 in Germany, and then it is the situation of "business management" academic world there is no the confirmed object. But P. F. Drucker has prescribed the large enterprise as the object of his study of management, because the large enterprise it the decisive, the representative, and constitutive in modern industrial country. And it is usual that we would consider the large manufacturing enterprise as the object of study. But, in fisheries management, because large fisheries enterprises are almost attached too much to the pelagic fisheries, it is judged that they are not "decisive". And it is judged that they are not "representative", because the large fisheries enterprises can not sufficiently symbolize the managerial characteristic of fisheries industry. The coastal and inshore fisheries which constitute th real part of fishing industry have been operating by private enterprises which are small business in scale, so the large fisheries enterprises could not be considered "constitutive " Therefore, the private fisheries enterprises is "decisive" because it is distributed in all most fisheries management, "representative" because it is exceedingly symbolize the managerial characteristic of fishing industry, and constitutive because it constitute the real part of fisheries industry. From the above-mentioned, it could be concluded that the object of study is regarded the private fisheries enterprise as appropriate as long as it is engaging in producing fisheries product as good and conducts the pursuit of principle of profit maximization. Because the object of study can not include all the thing which has to be observed in order to study, the materialization of the object is actually necessary. And then as aforesaid we intend to realize the materialization through taking the private fisheries enterprise as the object in fisheries management theory. And the materialization does mean a necessary process in choosing the object of analysis, but not the entity itself.choosing the object of analysis, but not the entity itself.

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A Swap Optimization for Dynamic Economic Dispatch Problem with Non-smooth Function (비평활 발전비용함수를 가진 동적 경제급전문제의 교환 최적화)

  • Lee, Sang-Un
    • Journal of the Korea Society of Computer and Information
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    • v.17 no.11
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    • pp.189-196
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    • 2012
  • This paper proposes Swap algorithm for solving Dynamic Economic Dispatch (DED) problem. The proposed algorithm initially balances total load demand $P_d$ with total generation ${\Sigma}P_i$ by deactivating a generator with the highest unit generation cost $C_i^{max}/P_i^{max}$. It then swaps generation level $P_i=P_i{\pm}{\Delta}$, (${\Delta}$=1.0, 0.1, 0.01, 0.001) for $P_i=P_i-{\Delta}$, $P_j=P_j+{\Delta}$ provided that $_{max}[F(P_i)-F(P_i-{\Delta})]$ > $_{min}[F(P_j+{\Delta})-F(P_j)]$, $i{\neq}j$. This new algorithm is applied and tested to the experimental data of Dynamic Economic Dispatch problem, demonstrating a considerable reduction in the prevalent heuristic algorithm's optimal generation cost and in the maximization of economic profit.

A Facility Location Model Considering the Urban Spatial Structure by Genetic Algorithm (유전자 알고리즘을 이용한 도시공간형태별 입지선정 모델)

  • Na, Ho-Young;Lee, Sang-Heon
    • Journal of the Korea Society for Simulation
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    • v.17 no.3
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    • pp.35-44
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    • 2008
  • Facility location problem is an important subject in many areas of modern business environment. In this paper, we deal with uncapacitated and multi-period facility location problem where the object is a maximization of total profit within predetermined cost. We assume that all demand have to be met. Particularly, we represent various types of customer based on four well-known urban spatial structures to represent a spread of customers. Those are concentric zone model, sector model, multiple nuclei model and star model respectively. We apply to the genetic algorithm to simulate a large scaled problem and develop simulator. We analyze both optimal numbers and locations of facilities for each urban structure. Furthermore, we examine the appropriate time to further expansion of the facilities in the planning horizon. The experimental results show that the developed algorithm can be applied effectively to the facility location problem in the various types of urban area.

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An Assessment System for Evaluating Big Data Capability Based on a Reference Model (빅데이터 역량 평가를 위한 참조모델 및 수준진단시스템 개발)

  • Cheon, Min-Kyeong;Baek, Dong-Hyun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.2
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    • pp.54-63
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    • 2016
  • As technology has developed and cost for data processing has reduced, big data market has grown bigger. Developed countries such as the United States have constantly invested in big data industry and achieved some remarkable results like improving advertisement effects and getting patents for customer service. Every company aims to achieve long-term survival and profit maximization, but it needs to establish a good strategy, considering current industrial conditions so that it can accomplish its goal in big data industry. However, since domestic big data industry is at its initial stage, local companies lack systematic method to establish competitive strategy. Therefore, this research aims to help local companies diagnose their big data capabilities through a reference model and big data capability assessment system. Big data reference model consists of five maturity levels such as Ad hoc, Repeatable, Defined, Managed and Optimizing and five key dimensions such as Organization, Resources, Infrastructure, People, and Analytics. Big data assessment system is planned based on the reference model's key factors. In the Organization area, there are 4 key diagnosis factors, big data leadership, big data strategy, analytical culture and data governance. In Resource area, there are 3 factors, data management, data integrity and data security/privacy. In Infrastructure area, there are 2 factors, big data platform and data management technology. In People area, there are 3 factors, training, big data skills and business-IT alignment. In Analytics area, there are 2 factors, data analysis and data visualization. These reference model and assessment system would be a useful guideline for local companies.

Development of Environmental Evaluation Indicators for Environmentally Friendly Industrial Estate (환경친화적 산업단지 조성을 위한 환경성 평가 지표개발에 관한 연구)

  • Koo, Bon-Hak;Lee, Eun-Yeob
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.3 no.4
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    • pp.22-32
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    • 2000
  • Development of index for evaluation of environmental nature and its application for the purpose of construction of industrial complex with environmentally friendly. Industrial complex comes to be recognized as a disgusting zone according to the increasing environment consciousness of residents. And the objection about the exploitation of geographically unwanted land site is increased during development process and it is possible to cause Nimby phenomenon. Therefore, ecology and environment-oriented strategies tends to be adopted for industrial complex development. Furthermore, the maximization of profit mainly directed by enterprises as of today cannot guarantee its future and the efforts of adopting environmental constancy and harmony as a new objective are made progressively. For the development of city and region, in particular such as residence complex, farming and special city, the discussion of environmental consistency, new paradigm with environmentally friendly is briskly under progress, but the relevant discussion for the development of industrial estate is not done so much. Just only few studies are realized from the viewpoint of industrial ecology but its level remains in the understanding of the concepts and presentation of development direction. This study is to prepare for the foundation of the construction of industrial estate with environmentally friendly under the current condition of Korea against coming future environment era and to try to develop of evaluation range and index which are the basis of evaluation of environment. I applied the above evaluation index to the residents of actual industrial estate to understand their consciousness of decreased environment. And I obtained 7 evaluation ranges and 37 evaluation indexes for the relevant residents. Among them, I get the value less than the average in 19 index items. And they represent very sensible reaction about environment pollution including decrease of waste materials. This study has several limits but is meaningful in that the development of evaluation index for environmental nature in industrial complex is done, and that the basic discussion of the plan and design for environmentally friendly industrial estate is made under the above evaluation and that 37 evaluation items are applied to the reality.

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A Study on the Reference Evaluation Applying Conjoint Analysis of the Marketing Research (마케팅조사의 결합분석법을 활용한 참고봉사의 평가에 관한 연구)

  • Bae Soon Ja
    • Journal of the Korean Society for Library and Information Science
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    • v.21
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    • pp.141-168
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    • 1991
  • The Purpose of this study is to explore and analyse ways of enhancing the effectiveness of reference service through reference evaluation. Marketing research technique combined with pre-evaluation theory was applied in this study to find out information for practice the service based on current concept of reference service. Aims and results of this study can be summarised as follows: First, the evaluation of effectiveness of reference service should be conducted for the purpose of finding out the ways of increasing user's satisfaction. Second, the policy evaluation was understood as the appropriated evaluation concept. The policy evaluation in principle coincides with reference service in sense that the satisfaction of public should have priority and hence be the criterion of the evaluation. Third, marketing research based on recently developed 'marketing concept', which concentrates all its efforts to meet user's demand and attempt to acquire the information for better marketing management of non-profit organization such as library, is examined to find out the evaluation method practically applicable to the pre-evaluation of reference service. In this study , conjoint analysis was adopted as the method of pre-evaluation about reference service. The Reference Room of the Central Library Yonsei University, was selected as the arget sample to find out the expected condition for the maximization of the user's satisfaction from the reference service. Based on this example study, the analysis indicates as the most desirable combination for reference service in terms of the user's satisfaction is following condition: the younger librarian with aimable personality who displays willingness In his/her assistance, plus as the method of reference service, sufficient and practical introduction to the reference materials available, plus immediate and satisfactory result of the service, and finally a library equipped with inter-library use system.

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