Korean System Dynamics Review (한국시스템다이내믹스연구)
- Volume 15 Issue 4
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- Pages.85-100
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- 2014
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- 1229-8085(pISSN)
Study on the Make or Buy decision using system dynamics: Defense industry
시스템다이내믹스를 이용한 제조 또는 구매결정에 관한 연구: 방위산업을 중심으로
- Received : 2014.11.30
- Accepted : 2014.12.21
- Published : 2014.12.31
Abstract
We propose a composite make or buy decision model considering both the transaction cost theory and the resource based view in the Korean defense industry using System Dynamics. We analyze relationship between core variables(transaction frequency, technological uncertainty, the level of technological dependency, technological level and acquisition ability for market information) and 'Make or Buy decision' focused on technological innovation capability. Based on the result, we propose the implications as follows : First, the defence industry needs more R&D investment. Second, it needs a balance between domestic(Make) and overseas(Buy) to increase the technological capability rapidly.
Keywords
- Make or Buy Decision;
- Transaction Cost Theory;
- Resource Based View;
- Technological Innovation Capability;
- Defense Industry
- 제조 또는 구매결정;
- 거래비용이론;
- 자원기반이론;
- 기술혁신역량;
- 방위산업;