• Title/Summary/Keyword: value focused decision

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Decision Analysis with Value Focused Thinking as a Methodology to Access Air Force Officer Retention Alternatives

  • Moon Sang-ho
    • Proceedings of the Korean Statistical Society Conference
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    • 2004.11a
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    • pp.105-110
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    • 2004
  • Decision Analysis(DA) using Value Focused Thinking(VFT) can be an excellent process to deal with hard decisions. The intent of this research is to provide better understanding of the United States Air Force(USAF) officer retention problem. This thesis effort involves building a VFT model to find out more effective alternatives in retaining pilots and non pilots. This model, in conjunction with the results of the post analysis, shows an example of the application of a VFT approach to the USAF officer retention problem.

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A descriptive study of the impact of the causal looping method to the small group decision-making process of the Korean managers (인과 고리기법이 집단의사결정 과정에 미치는 행태적 연구)

  • 전기정
    • Korean System Dynamics Review
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    • v.3 no.2
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    • pp.69-91
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    • 2002
  • This paper presents an analysis of the impact of the causal looping method to the Korean middle managers' decision-making processes. The sample included the observations of decisions made by 70 groups with 5 to 7 members each. The results showed that the causal looping method was a strong device to help Korean managers followed value-focused decision processes, as opposite to alternative-focuses ones. The lessons from this study suggest a direction for the development of the education method to improve group decision-making processes.

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A Descriptive Study of the Korean Managers' Small Group Decision-Making Process: An Interaction Process Analysis (한국 중간관리자를 대상으로 한 행태적 집단 의사결정 과정에 관한 연구)

  • Chun, Ki-Jeong;Park, Jae-Shin
    • Asia pacific journal of information systems
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    • v.11 no.3
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    • pp.127-147
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    • 2001
  • This paper presents an analysis of Korean middle managers' decision-making processes. The sample included the observations of decisions made by 17 groups with 5 to 7 members each. The 5 hour-long, in average, decision processes were analysed by a modified system of Fisher's(1970) Interaction Process Analysis. The results showed that Korean managers followed alternative-focused decision processes, as opposite to value-focused ones. That is, the decision-making groups showed a strong trend to elaborate on alternative generation and evaluation right after the situation analysis. They tended to discuss the objectives of decision and relevant criteria only to resolve conflicts arisen during the evaluation process of alternatives. The analysis also showed that a decision proposition was more frequently followed by negative responses than positive ones and by interpretative evaluations than substantiative ones. The lessons from this study suggest a direction for the development of group decision support systems tailored for Korean cultural characteristics. This study is also meaningful as the first observation and empirical analysis of Korean middle managers' decision-making processes.

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Economic Value Analysis of Asian Dust Forecasts Using Decision Tree-Focused on Medicine Inventory Management (의사결정트리를 활용한 황사예보의 경제적 가치 분석-의약품 재고관리문제를 중심으로)

  • Yoon, Seung-Chul;Lee, Ki-Kwang
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.1
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    • pp.120-126
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    • 2014
  • This paper deals with the economic value analysis of meteorological forecasts for a hypothetical inventory decision-making situation in the pharmaceutical industry. The value of Asian dust (AD) forecasts is assessed in terms of the expected value of profits by using a decision tree, which is transformed from the specific payoff structure. The forecast user is assumed to determine the inventory level by considering base profit, inventory cost, and lost sales cost. We estimate the information value of AD forecasts by comparing the two cases of decision-making with or without the AD forecast. The proposed method is verified for the real data of AD forecasts and events in Seoul during the period 2004~2008. The results indicate that AD forecasts can provide the forecast users with benefits, which have various ranges of values according to the relative rate of inventory and lost sales cost.

Development of a Nitrogen Application System for Nitrogen Deficiency in Corn

  • Noh, Hyun Kwon
    • Journal of Biosystems Engineering
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    • v.42 no.2
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    • pp.98-103
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    • 2017
  • Purpose: Precision agriculture includes determining the right amount of nitrogen for a specific location in the field. This work focused on developing and validating a model using variable rate nitrogen application based on the estimated SPAD value from the ground-based image sensor. Methods: A variable rate N application based on the decision making system was performed using a sensor-based variable rate nitrogen application system. To validate the nitrogen application decision making system based on the SPAD values, the developed N recommendation was compared with another conventional N recommendation. Results: Sensor-based variable rate nitrogen application was performed. The nitrogen deficiency level was measured using the image sensor system. Then, a variable rate application was run using the decision model and real-ti me control. Conclusions: These results would be useful for nitrogen management of corn in the field. The developed nitrogen application decision making system worked well, when considering the SPAD value estimation.

Information Systems Planning Method Based on Value-focused Thinking

  • Li, Yi-Jia;Wang, Zhi-Yong
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 2007.02a
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    • pp.114-121
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    • 2007
  • In the existing ISP methods, the important' role of enterprise value is usually ignored or not recognized in the information systems planning (ISP). Besides, in some ISP methods, there is a connotative precondition that the main body of value is always the enterprise stakeholder. Thus, in ISP, the enterprise stakeholders‘ value has been recognized while the value of other main bodies has been neglected, which has resulted in boycott and other problems in normalization construction. Based on the existing ISP analysis frame and ways, this article analyzes the enterprise fundamental principle of enterprise value acting on ISP and defines the formation of enterprise value. On the basis of Keeney's analysis way of value focused thinking for decision-making, we induct the factors of enterprise value into the ISP method and set forth such an ISP process: (1) identify the aggregation of enterprise value; (2) conform the objective structure of enterprise levels; (3) determine the appraisal standard for enterprise fundamental objectives; (4) determine the basic structure for information systems ; (5) confirm the data requirements for information systems; (6) give appraisal and comment.

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Modeling the Value of RFID System using Value-Focused Thinking (가치 중심 사고를 적용한 RFID 시스템의 가치 모형 개발)

  • Son, Kyung-Won;Cho, Sung-Ku;Yeom, Se-Kyoung;Chung, Seung-Hyun
    • IE interfaces
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    • v.25 no.2
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    • pp.204-215
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    • 2012
  • Recently, more and more firms are considering the adoption of RFID technology because it is expected to make process automation easier and has many different application areas. A review of existing studies about RFID adoption methodology shows that the most of the proposed methodologies are mainly based on economic evaluations. However, in the near future when the adoption and diffusion of RFID become major forces among business firms, it would surely have some limits to decide its adoption solely on the basis of economic considerations. In order for all the important strategic objectives to be considered during the major decision processes, it is necessary to make explicit what the decision makers really want to achieve from the RFID system. In this paper, we propose a general value model of RFID system which can provide an overall vision of all values RFID adoption may offer and a way to search and evaluate alternatives on the basis of these values. Especially, this model contains not only opportunities but also risks of RFID adoption so that a balanced consideration can be made. The model building process was essentially based on the 'value-focused thinking' approach proposed by R. Keeney. The proposed model is expected to provide insights about what to do in the process of introduction in order to maximize the potential benefits and minimize the negative risks. Referring to this value model, the important decisions would have greater chance to be based on a balanced consideration of opportunities and risks.

A Fast Block Mode Decision Scheme for P- Slices of High profile in H.264/AVC

  • Kim, Jong-Ho;Pahk, Un-Kyung;Kim, Mun-Churl;Choi, Jin-Soo
    • Proceedings of the Korean Society of Broadcast Engineers Conference
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    • 2009.01a
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    • pp.142-147
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    • 2009
  • The recent H.264/AVC video coding standard provides a higher coding efficiency than previous standards. H.264/AVC achieves a bit rate saving of more than 50 % with many new technologies, but it is computationally complex. Most of fast mode decision algorithms have focused on Baseline profile of H.264/AVC. In this paper, a fast block mode decision scheme for P- slices in High profile is proposed to reduce the computational complexity for H.264/AVC because the High profile is useful for broadcasting and storage applications. To reduce the block mode decision complexity in P- pictures of High profile, we use the SAD value after $16{\times}16$ block motion estimation. This SAD value is used for the classification feature to divide all block modes into some proper candidate block modes. The proposed algorithm shows average speed-up factors of 47.42 ${\sim}$ 67.04% for IPPP sequences.

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Decision Variable Design of Discrete Systems using Simulation Optimization (시뮬레이션 최적화를 이용한 이산형 시스템의 결정변수 설계)

  • 박경종
    • Proceedings of the Korea Society for Simulation Conference
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    • 1999.10a
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    • pp.63-69
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    • 1999
  • The research trend of the simulation optimization has been focused on exploring continuous decision variables. Yet, the research in discrete decision variable area has not been fully studied. A new research trend for optimizing discrete decision variables ha just appeared recently. This study, therefore, deals with a discrete simulation method to get the system evaluation criteria required for designing a complex probabilistic discrete event system and to search the effective and reliable alternatives to satisfy the objective values of the given system through a on-line, single run with the short time period. Finding the alternative, we construct an algorithm which changes values of decision variables and a design alternative by using the stopping algorithm which ends the simulation in a steady state of system. To avoid the loss of data while analyzing the acquired design alternative in the steady state, we provide background for estimation of an auto-regressive model and mean and confidence interval for evaluating correctly the objective function obtained by small amount of output data through simulation with the short time period. In numerical experiment we applied the proposed algorithm to (s, S) inventory system problem with varying Δt value. In case of the (s, S) inventory system, we obtained good design alternative when Δt value is larger than 100.

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Using the MCDM of the Innovative Product Value Chain to Promote New Product Design

  • Liao, Shih-Chung
    • Asian Journal of Business Environment
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    • v.4 no.3
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    • pp.27-37
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    • 2014
  • Purpose - In the past, designs for traditional products have usually focused on historic techniques. However, this tradition of using historic techniques has now been replaced by the trend of using the innovative design concept. Research design, data, and methodology - To measure future market trends and quality requirements, we apply the results of the questionnaires and analyze them with various experimental processes and a design methodology. In this way, we gauge the impact of the innovative product value chain on the promotion of new products. Results - Accompanied with an innovative product value chain, the product can stimulate the development of enterprise management, which has become the main issue in social and economic development in every developed country, and can facilitate the progress of enterprise management throughout the enterprise. Conclusions - Customer demand should be emphasized as the primary means to solve design problems, to design optimal solutions, to create differentiation with competitors, and to pursue optimal marketing strategies.