• Journal of the Korea Institute of Military Science and Technology
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• v.13 no.5
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• pp.808-817
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• 2010

This paper proposes a novel appoach which can assess the system technical maturity for use in Defense R&D Program reviews. As the weapon systems become more complicated, the success and effectiveness of R&D outcome heavily depend on the application and tailoring of systems engineering process and methods. It is a difficult task to assess the system readiness level(SRL) of the system being developed. A system-focused approach for managing weapon systems development and making effective and efficient decisions during the development lifecycle is critical to ensure the success of the program. The proposed weighted average SRL can facilitate the system technical maturity assessment without expending heavy work load.

• International Journal of Railway
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• v.5 no.4
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• pp.144-147
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• 2012

New transport technologies have been rapidly developed and various transport systems are ready to introduce. However, there no exists effective decision making tools for pre-feasibility studies on transport systems. The pre-feasibility studies should provide reliable solutions about whether a certain transport system is feasible or not by cost-benefit analysis and effectiveness test of enhancing regional economy. This study introduces the smart transport investment/information system (SMARTIS) for supporting decision making with ease, fast and reliable methods. The SMARTIS incorporates travel demand estimates into the process of feasibility studies with automatic data processing methods to give reliable solutions quickly. The SMARTIS is expected to be informative for transit agencies, planners, and operators.

• Journal of information and communication convergence engineering
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• v.13 no.2
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• pp.97-104
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• 2015

In this paper, we propose a data envelopment analysis (DEA) and analytic hierarchy process (AHP) integrated model to improve the selection process in the acquisition of a weapon system which is the key component to the success of the project. In particular, we applied DEA in the first stage to choose a frontier group among the candidates in the selection process of the next-generation fighter system (the 3rd FX) in Korea. Then, by using the Delphi technique, we surveyed military experts and applied AHP to determine the best choice among the candidates. The results of the study match the actual decision made by the Korean government in the weapon system acquisition. The results of the proposed DEA-AHP integrated method in the selection of the next-generation fighter systems in Korea demonstrate the usefulness of the method. In this paper, we also discuss the future implications of the proposed model.

• Nuclear Engineering and Technology
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• v.52 no.7
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• pp.1587-1596
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• 2020

The location selection for nuclear power plants (NPP) is a strategic decision, which has significant impact operation of the plant and sustainable development of the region. Further, the ranking of the alternative locations and selection of the most suitable and efficient locations for NPPs is an important multi-criteria decision-making problem. In this paper, the non-sequential Monte Carlo probabilistic method and the Latin hypercube sampling probabilistic method are used to evaluate and select the optimal locations for NPP. These locations are identified by the power plant's onsite loads and the average of the lowest number of relay protection after the NPP's trip, based on electricity considerations. The results obtained from the proposed method indicate that in selecting the optimal location for an NPP after a power plant trip with the purpose of internal onsite loads of the power plant and the average of the lowest number of relay protection power system, on the IEEE RTS 24-bus system network given. This paper provides an effective and systematic study of the decision-making process for evaluating and selecting optimal locations for an NPP.

• Korean Journal of Construction Engineering and Management
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• v.17 no.1
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• pp.76-82
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• 2016

Decision-making in construction projects often include options features. Such embedded options are difficult to value properly and many decision makers do not have experience in option analysis. The purpose of this paper is to demonstrate how real option analysis can be used to value capital expenditures on construction materials. We propose a real option framework to evaluate decision-making processes involving the purchase of construction materials. A case study was conducted by evaluating the purchase decision-making of solar cells, a good with high price volatility. Using real option analysis two strategies to improve the financial feasibility of installing a solar panel system were derived. The first strategy involves using a price cap that gives the project manager the right, but not obligation, to buy the modules for a predefined price during the next year. The second strategy is to defer the purchase of the solar cells until future price information becomes clearer. Both of the strategies in the case study were valued using the binominal model. This study will help to improve the financial feasibility of purchasing construction materials with high price volatility by including the value of managerial flexibility.

• Journal of the Korean Home Economics Association
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• v.41 no.1
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• pp.231-248
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• 2003

The purpose of this research is to analyze ‘consumer education system in middle school’, whether it is suitably organized to help students make the right decision in their daily life as a rational consumer in this fast changing “the Informational Society”. We divided the consumer education of “the Informational Society” into 4 fields of studies(consumer information technique, decision making on purchasing, consumer financial management, and consumerism) and made specific analysis for this research. The “Technology & Home Economics” textbook which follows ‘The 7th curriculum’ conducted by “Korean Educational Board” Ministry of Education & Human Resources Development for first and second grade in middle school were used for this analysis. The results founded are as follows: first, for the curriculum analysis according to the 4 fields of consumer education, both the first and the second grade students' textbook had consumer information technique as the major portion of the consumer education. Second, as a result of the comparison between the two grade levels showed that the second grade level has higher portion of consumer education in “Home economics & Technology” textbook than the first grade level. Third, the present status of consumer education showed that the first grade level's consumer education was only limited in consumer information technique, but the second grade level's consumer education was ranging evenly throughout the 3 fields of consumer education: consumer information technique, decision making on purchasing and consumerism. These results of this study contribute to the development of an efficient and desirable curriculum for the adolescent' consumer education, specially for school consumer education, in “the Informational Society”.

• Proceedings of the KAIS Fall Conference
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• 2003.11a
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• pp.65-69
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• 2003

As complex mathematical models are increasingly adopted for business decision-making, difficulties arise in reusing solvers (i.e., model solving algorithms) against diverse models and data sets and thus the collaboration among users (model/solver builders and decision makers) in multiple departments becomes very difficult. To facilitate the solver reuse, this paper adopts the Web services technologies as the base technologies for linking the solvers to the models, both of which are created on different modeling paradigms and different system platforms, in unified system architecture. Specifically, this paper focuses on designing an ontology that represents the interfacing semantics of the model-solver interactions in a general and standardized form. By referring to the ontology, a model management system (MMS) can autonomously suggest a set of compatible solvers and apply them to individual models even though the decision makers are not knowledgeable enough about all the details of the models and the solvers. Thus, this Web services based MMS would improve the reusability of the solvers by relieving the decision makers from the risk of erroneous application of a solver to syntactically and semantically incompatible models and the burden of considerable understanding of model and solver semantics.

• Industrial Engineering and Management Systems
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• v.12 no.4
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• pp.317-329
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• 2013

In recent years, for the purpose of solving the problem regarding environment protection and resource saving, certain measures and policies have been promoted to establish a green supply chains (GSC) with material flows from collection of used products to reuse of recycled parts in production of products. In this study, we propose an optimal operation of the GSC while considering the collection incentive of the used products and quality for recycling of used products. Two types of decision-making approaches are used for product quantity, collection incentive of used products and lower limit of quality level of reusable parts in the used products for recycling in the GSC. One is the decision-making under an independent policy in decentralized supply chains where a retailer and a manufacturer make decisions so as to maximize profits individually. The other is the decision-making under a cooperative policy in centralized supply chains where a retailer and a manufacturer make decisions cooperatively so as to maximize the whole system's profit. Additionally, we also discuss supply chain coordination as a manufacturer-retailer partnership based on profit sharing. Furthermore, we show the effect of the quality of the reusable parts on the optimal decisions. The collection incentive of the used products was found to bring more profitability to the GSC activity.

• Korean Journal of Construction Engineering and Management
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• v.2 no.1 s.5
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• pp.88-97
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• 2001

The Internet, the main issue of a new millennium, is being researched vitally for the progress of the construction industry, and the construction industry is considered to be led into a high-value added state-of-arts technology industry through CALS. Even if many construction companies gradually widen the use of the Internet for various purposes such as an electronic bidding system and an e-commerce system, the companies are still demanded to use the Internet more broadly and practically. Hence, the need for a tool for fast decision making and an effective construction management has risen. The PRIMA system has been developed specifically focused on meeting with those recent changes of the construction industry. This system is composed of three parts. Those are Just In Time(JIT) management, integrated application of man power${\cdot}$safety${\cdot}$work management and decision making process based on real-time information in the Internet. The usefulness of the PRIMA system has already been proved in a super-scale construction project. As the Internet environment get improved the use of the tool will be spread out gradually for many construction projects, regardless their size and location.

• Journal of the Institute of Electronics and Information Engineers
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• v.52 no.7
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• pp.169-177
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• 2015

This paper described a fuzzy comprehensive evaluation method and implemented assessment system for multi-layer decision making. The proposed method is a assessment before bidding through the key questions using fuzzy comprehensive evaluation method and the entropy weights. The key questions are given by the wider investigation of major sports event organizers. The paper carried out evaluation of single factor and fuzzy comprehensive evaluation from low layer to high layer step by step. In order to verify the effectiveness of proposed method, we built the sports event management service platform (SEMSP) for assessment of applicant city. This method represents a unified one of the quantitative results and the qualitative results based on the judgment of experts.