• 제목/요약/키워드: Contingency Analysis

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Information Systems Outsourcing: An Integrative Analysis on Contract and Trust from Contingency Perspective (정보시스템 아웃소싱: 상황관점에서 본 계약과 신뢰의 통합적 분석)

  • Lee, Jong-Man;Nam, Ki-Chan;Kim, Yong-Jin
    • Asia pacific journal of information systems
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    • v.17 no.4
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    • pp.133-163
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    • 2007
  • Growth in the outsourcing market signals that firms of all sizes believe outsourcing will ultimately deliver many benefits and conveniences. But there are not many firms satisfied with the results of outsourcing. What is more, previous researches were fragmentary analyses focused on specific variables of outsourcing such as sourcing decisions, partnership rather than comprehensive analysis. Thus, they could not propose general systematic methodologies applicable to the real situation. To solve these problems, we developed an integrated theoretical framework that considered both contract with the hard side and trust with the soft side from a contingency viewpoint and tested this model using 143 data of Korean companies executing outsourcing. In addition, we examined how situational factors(outsourcing task complexity and outsourcing management competence) affects each path in the research model. The results of this study are as follows. First, it was proved the theory that trust is not a substitute for contract but its complement. Previous empirical studies on outsourcing success factors were focused on the establishment of successful partnership on the assumption that trust can replace contract in many situations. According to the results of our empirical analysis, however, contract and trust were in a mutually complementary relation with each other and their emphasis was different. Furthermore, different from previous researches, it was found effective to use trust as a supplementary tool and contract as a main means in outsourcing management strategy. Second, this study provided an integrated view that sees both contract and trust from a contingency viewpoint in theoretically reestablishing the relationship between contract and trust. Previous researches leaned to specific variables or theory-centered fragmentary analysis, but this study proposed a more practical and integrated research model and tested its effectiveness. Based on the results, with the model, decision makers are expected to scrutinize outsourcing situation more closely and to have a practical insight to the situation. Third, it was found that contract mechanism and trust building do not have a direct effect on outsourcing performance but relationship management intensity mediates the effect of contract mechanism and trust building. This is considered significantly meaningful to outsourcing partners who have believed that outsourcing would be successful if a contract is made properly or trust is built. Lastly, the path from trust building to relationship management intensity was moderated by informed buying, as the path coefficients from trust building to relationship management intensity varied by the degree of informed buying competence.

A Case Study on the Feed-Back Analysis and the Reinforcement Plan using the Measurement Data of Excavation Site close to the Existing Underground Box (기존 지하 Box 근접 굴착공사 현장의 계측결과를 이용한 역해석 및 보강방안의 적용 사례)

  • Lee, Jung-Hee;Noh, Won-Seok;Jeong, Soon-Ig;Kim, Wan-Jong
    • Proceedings of the Korean Geotechical Society Conference
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    • 2010.09a
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    • pp.445-456
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    • 2010
  • Massive underground excavation can be carried out recently due to the technical development of the excavation for retaining wall. Feed-back analysis using field measurement results is recommended to secure the stability of the construction because calculated values at stages of the design and the construction are uncertain. Reinforcement plan should be established based on the result of it. This study deals with the underground excavation site, which is under construction and is close to structure(subway) at downtown area. The result of feed-back analysis on the measurement data of displacement at multi-soil layers was reflected to make a plan for safe construction. This case study can be useful information for contingency plan on abnormal displacement which can be occurred at similar underground excavation.

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Planning of HVDC System Applied to Korea Electric Power Grid

  • Choi, DongHee;Lee, Soo Hyoung;Son, Gum Tae;Park, Jung-Wook;Baek, Seung-Mook
    • Journal of Electrical Engineering and Technology
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    • v.13 no.1
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    • pp.105-113
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    • 2018
  • This paper proposes pre-analysis on planning of high-voltage direct current (HVDC) transmission system applied to Korea electric power grid. HVDC transmission system for interface lines has been considered as alternative solution for high-voltage AC transmission line in South Korea since constructing new high-voltage AC transmission lines is challenging due to political, environmental and social acceptance problems. However, the installation of HVDC transmission system as interface line in AC grid must be examined carefully. Thus, this paper suggests three scenarios to examine the influences of the installation of HVDC transmission system in AC grid. The power flow and contingency analyses are carried out for the proposed scenarios. Power reserves in metro area are also evaluated. And then the transient stability analysis focusing on special protection scheme (SPS) operations is analyzed when critical lines, which are HVDC lines or high voltage AC lines, are tripped. The latest generic model of HVDC system is considered for evaluating the impacts of the SPS operations for introducing HVDC system in the AC grid. The analyses of proposed scenarios are evaluated by electromechanical simulation.

An Empirical Study on the Relationships among Manager's Demographic Characteristics, Organizational Characteristics and Strategic Type (최고경영자의 인구통계적 특성, 조직특성과 전략유형의 관련성)

  • Song Kyung-Soo;Chung Dong-Seop
    • Management & Information Systems Review
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    • v.2
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    • pp.47-73
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    • 1998
  • According to the structural contingency theories, organizational structures are determined by such a contingency variables as organizational environment, technology, size, power and strategy. Therefore, many scholor believed that organizational effectiveness will be maximized in the condition of the fit between organizational structure and its contingency variables. But contingency theories have limitations in explaining of the manager's discretion by way of environmental determinism. In 1972, Child introduced strategic choice theory, and this perspective spurred significant, systematic studies of the influence of the managerial voluntary will on the organizational performance. Especially, the question of whether tap managers have an impact on business performance has been addressed by the strategic leadership theory that demonstrates strong associations between the characteristics of top managers, strategic orientation. Therefore, this study has investigated a theoretical literature and an empirical survey that explains the impact of top manger characteristics and organizational characteristics about strategic orientation. In order tn do that, this study develops a research model on the subjects, designed manager's characteristics, strategic typology. Managerial characteristics could be operationalized in terms of demographic measures. In this study, strategic orientation was classified using the Miles & Snow typology. This research model provides hypotheses. Hypotheses H1: The demographic characteristics of the tap manager will differ according to the types of strategic types. H2: The organizational characteristics of the firm will differ according to the types of strategic types. To test these hypotheses, this study conducted questionaire surveys on 108 firms in the Korea national wide. This study has utilized ANOVA, Chi-square analysis, cluster analysis, discriminant analysis for testing the hypotheses. The major findings of this study are summarized as follows. First, this study builds on the central tenent of cotingency theory in provide a comprehensive explanation of the process by which top manager's influence. Second, Manager's characteristics(demographics) are different from each other according to 4 strategic types(Prospector, Defender, Analyzer, Reactor). Third, Organizational characteristics are different from each other according to 4 strategic types. In conclusion, the major contributions of this study are to examine the development of a more comprehensive theoretical framework in the strategic leadership theory and to analyze their contingent relationships among managerial characteristics, organizational characteristics and strategic types in the context of Korea's industry.

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Early Phase Contingency Trajectory Design for the Failure of the First Lunar Orbit Insertion Maneuver: Direct Recovery Options

  • Song, Young-Joo;Bae, Jonghee;Kim, Young-Rok;Kim, Bang-Yeop
    • Journal of Astronomy and Space Sciences
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    • v.34 no.4
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    • pp.331-342
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    • 2017
  • To ensure the successful launch of the Korea pathfinder lunar orbiter (KPLO) mission, the Korea Aerospace Research Institute (KARI) is now performing extensive trajectory design and analysis studies. From the trajectory design perspective, it is crucial to prepare contingency trajectory options for the failure of the first lunar brake or the failure of the first lunar orbit insertion (LOI) maneuver. As part of the early phase trajectory design and analysis activities, the required time of flight (TOF) and associated delta-V magnitudes for each recovery maneuver (RM) to recover the KPLO mission trajectory are analyzed. There are two typical trajectory recovery options, direct recovery and low energy recovery. The current work is focused on the direct recovery option. Results indicate that a quicker execution of the first RM after the failure of the first LOI plays a significant role in saving the magnitudes of the RMs. Under the conditions of the extremely tight delta-V budget that is currently allocated for the KPLO mission, it is found that the recovery of the KPLO without altering the originally planned mission orbit (a 100 km circular orbit) cannot be achieved via direct recovery options. However, feasible recovery options are suggested within the boundaries of the currently planned delta-V budget. By changing the shape and orientation of the recovered final mission orbit, it is expected that the KPLO mission may partially pursue its scientific mission after successful recovery, though it will be limited.

Research on Technology, Process, and Strategic Fit of ICT Based Service Model (ICT 기반 융합 서비스 모델의 기술, 프로세스, 전략적 적합 연구)

  • Han, Hyun-Soo;Park, Keun-Young
    • Journal of Information Technology Applications and Management
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    • v.21 no.4
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    • pp.225-245
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    • 2014
  • ICT based convergence application is one of the most prevalent industrial issue these days. Despite of criticalness and potential economic opportunities of the ICT based convergence, theoretical research to analyze the feasibility and estimate the economic impact of the application is rather limited. This paper is intended to fill this research gap. In this respect, we develop theoretical framework to quantitatively estimate the differential benefits of convergent applications, which necessarily include underling ICT technology's contribution attributes extractions, and resulting value increments engendered from user's process effectiveness when ICT based service application is adopted. The research model to assess the differential value of the ICT based service application is developed, grounded on theoretical framework of TPC (Technology-to-performance chain) and contingency fit theories. Scenario based survey method is adopted, and SmartPLS 2.0. is used for statistical analysis of the structural equation model using 312 questionnaire. Valid statistical results are presented to provide useful insight.

Outsourcing of Information Systems Functions : An Empirical Study of A Contingency Model (정보시스템 기능의 아웃소싱 : 상황모델의 실증적 연구)

  • Cheon, Myeon-Jung
    • Asia pacific journal of information systems
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    • v.4 no.2
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    • pp.131-164
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    • 1994
  • A contingency model of outsourcing is developed from the information systems (IS) literature and strategic management literature in order to assess the following question: What factors influence change in the extent to which an organization outsources IS functions? Based on the literature, this study identifies four IS factors-gaps in information quality, IS support quality, IS staff quality, and IS cost effectiveness-and three organizational factors-the gap in financial performance, strategic orientation, and the role of information technology in an organization-that influence the change in degree of outsourcing. These factors are hypothesized to influence the change in the extent of an organization's outsourcing of IS functions. From a mail survey of 188 top IS executives in U.S. companies, the results of analysis of covariance and bivariate correlational and multivariate regression analyses provide the following major findings: (a) This study found support for the proposed research model. (b) The change in the degree of IS outsourcing is determined by gaps in information quality, IS support quality, IS cost effectiveness, and financial performance and by the role of IT among IS and organizational factors.

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A Study on the FIDVR Mitigation Scheme using Dynamic Voltage Support by STATCOM (STATCOM을 활용한 FIDVR 완화 방안에 대한 연구)

  • Lee, Yunhwan;Jung, Seungmin
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.67 no.4
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    • pp.208-213
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    • 2018
  • In this paper, we studied the control strategy of applying STATCOM(static synchronous compensator) to mitigate the FIDVR(fault induced delayed voltage recovery) phenomenon. The proportion of motor loads is gradually increasing which might affect power system stability. Excessive reactive power consumption by the stall of the motor loads causes FIDVR phenomenon. In addition, the low inertia of the small HVAC(heating, ventilation and air conditioner) unit will not separate itself in the event of a contingency, causing system instability. For this reason, we have developed a control strategy that utilizes STATCOM efficiently through static and dynamic analysis. Case studies on a Korean power system have validated the performance of the proposed scheme under severe contingency scenarios. The results have verified that the proposed strategy can effectively mitigate FIDVR and improve the stability and reliability of the system.

Entry Mode Choice of FDI Firms In Korea : The Case of USA, EU & Japan Manufacturing Firms (외국인 직접투자기업의 진입모형 선택에 관한 실증연구 (미국, EU, 일본 제조업 중심으로))

  • Kim, Chul-Yeon
    • Journal of Industrial Convergence
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    • v.1 no.1
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    • pp.71-97
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    • 2003
  • In this study, the main goal is conduct an empirical research for MNC's(multinational companies) contingency factors and entry modes. Through examining elements of success and limitations of foreign companies in the domestic market, a resulting purpose can be suggested such as developing attractive foreign investment policy. The results in this study are as below. The results from Logistic Regression Analysis there were indications for preference factors for WOS (Wholly Owned Subsidiary). The factors were 'Strategic Motivation', 'Intelligent Property', and 'Market Latent Purchasing Power'. For JV (Joint Venture) there were preferred factors such as 'Degree of Using Product Factors', 'Differential Products Development Ability', and 'Systematic Incentives'. However, this thesis is limited to identifying clear causal relationship between the 'Performance' of foreign investment enterprise which entered WOS or JV and various factors which were suggested in the contingency factors (independent variables).

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A Study on the Transmission Overload Relief by Fast Switching (고속 스위칭에 의한 송전선로 과부하 해소 연구)

  • Cho, Yoon-Sung;Lee, Han-Sang;Jang, Gilsoo
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.62 no.8
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    • pp.1053-1058
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    • 2013
  • Because of computational burden and complex topology of substation, a transmission overload relief using circuit-breaker switching was very complex and difficult. However, a on-line algorithm for reducing the overloads in transmission lines has made progress due to the advance of IT technology. This paper describes the methodology for alleviating the overloads in transmission lines by circuit-breaker switching. First, the severe contingency lists and substations were selected from the results of contingency analysis. Then the switch combinations are determined using circuit-breakers of the selected substation. The topology changes are limited to equipment outage, bus split, island split, bus merge and island merge. Finally, the fast screening and full analysis methods are used to analyze the overload in transmission lines. To verify the performance of the proposed methodology, we performed a comprehensive test for both test system and large-scale power systems. The results of these tests showed that the proposed methodology can accurately alleviate the overloads in transmission lines from online data and can be applied to on-line applications.