• Title/Summary/Keyword: Cost-effectiveness model

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The Affects of Characteristics of CEO, Competence on Corporate Strategy and Organizational effectiveness in Venture Companies (벤처기업의 창업자특성과 역량, 기업전략이 조직유효성에 미치는 영향에 관한 연구)

  • Lee, Sang-Baek;Yang, Hae-Sool
    • Journal of Digital Convergence
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    • v.11 no.12
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    • pp.145-154
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    • 2013
  • This research draws the factors of managerial performance that was verified by research model and hypothesis after considering research type, factors of performance and research model. The result of this research is as below. Firstly, psychological traits, capabilities of CEO is positively correlated with cost superior tactic and organizational effectiveness Secondly, entrepreneurial capability of CEO is positively correlated with organizational effectiveness for and managerial capability of CEO is positively correlated with cost superior tactic and technical capability of CEO is positively correlated with organizational effectiveness. Thirdly, technical resource is positively correlated with product innovation differentiation tactic, and organizational effectiveness and finance resource is positively correlated with marketing differentiation tactic and organizational effectiveness, and marketing capability is positively correlated with product differentiation tactic, marketing. Fourthly, product innovation-differentiation tactic, marketing differentiation tactic, and cost superior tactic are positively correlated with organizational effectiveness.

Cost-Effective MapReduce Processing in the Cloud (클라우드 환경에서의 비용 효율적인 맵리듀스 처리)

  • Ryu, Wooseok
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2018.10a
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    • pp.114-115
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    • 2018
  • This paper studies a mechanism for cost-effective analysis of big data in the cloud environment. Recently, as a storage of electronic medical records can be managed outside the hospital, there is a growing demand for cloud-based big data analysis in small-and-medium hospitals. This paper firstly analyze the Amazon Elastic MapReduce which is a popular cloud framework for big data analysis, and proposes a cost model for analyzing big data using Amazon EMR with less cost. Using the proposed model, the user can construct a cost-effective computing cluster, which maximize the effectiveness of the analysis per operational cost.

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Analysis of the degree of social accountability in accreditation standards for basic medical education (기본의학교육 평가인증기준의 사회적 책무성 반영 수준 분석)

  • Sangmi T Lee;Eunbae B. Yang
    • Korean Medical Education Review
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    • v.25 no.3
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    • pp.273-284
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    • 2023
  • According to the World Health Organization, for medical schools to fulfill their obligation of social accountability, it is necessary for medical education, research, and service areas to ref lect the healthcare system's relevance, quality, cost-effectiveness, and equity. This study utilized Boelen and Heck's (1995) social accountability grid model to analyze the degree to which the Accreditation Standards of Korean Institute of Medical Education and Evaluation 2019 (ASK2019) standards apply the World Federation for Medical Education's (WFME) standards. The social accountability characteristics of the former were compared to those of the WFME, the Liaison Committee on Medical Education, and the Australian Medical Council. Experts with experience and certification in medical education and evaluation classified the ASK2019 standards according to the grid model, evaluated social accountability perspectives, and categorized them according to the process, content, and outcome. Of the 92 standards, 61 (66.30%) were selected as social accountability standards; these encompassed all areas. There was a particular focus on outcome-related areas, such as "mission and outcomes," "student assessment," "educational evaluation," and "continuous improvement." Education and quality were the most common (33, 54.11%), followed by 18 standards related to education and relevance. However, the standards on cost effectiveness and equity corresponding to education, research, and service were significantly insufficient. As a result of classification using a logic model, many criteria were incorporated into the process, producing results similar to those of international accreditation institutions. Therefore, to fulfill medical schools' social accountability, it is necessary to develop cost effectiveness and equity standards with reference to grid models and expand them beyond education to include research and service areas. Developing content and outcome standards is also required.

Concurrent Optimization of Design and Machining Tolerances with Accumulated Scrap Cost Model(ASCM) (누적 재가공 비용 모델을 이용한 설계 및 가공 공차의 동시 최적화)

  • Choe, Min-Seok;Lee, Du-Yong
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.25 no.3
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    • pp.452-460
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    • 2001
  • Most of researches of tolerance optimization have used a simple sum of tolerance-cost functions with several constraint equations as an optimization model. However, if there is a machining sequence with more than one processes to complete a part, and machining failure, i.e., out-of-tolerance occurs at one of the intermediate processes, the tolerance-cost of this process should be added by the machining cost of all the previous processes already completed on the part. In this study, an accumulated scrap cost model(ASCM) is proposed considering the scrapped machining cost, and applied to a simple assembly example. The result of tolerance optimization using ASCM is compared with that of using a traditional optimization model to confirm its effectiveness.

Cost-Effectiveness of Voluntary HIV Testing Strategies in a Very Low-Prevalence Country, the Republic of Korea

  • Lee, Young Hwa;Bang, Ji Hwan;Park, Sang Min;Kang, Cho Ryok;Cho, Sung-Il;Oh, Myoung-don;Lee, Jong-Koo
    • Journal of Korean Medical Science
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    • v.33 no.46
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    • pp.304.1-304.7
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    • 2018
  • Background: The Republic of Korea has a very low prevalence of human immunodeficiency virus (HIV) infection, but the number of new HIV diagnoses has steadily risen, strongly indicating a large number of undetected HIV infections. Thus, it is important for Korean public health authorities to adopt and encourage cost-effective HIV detection tools, such as rapid HIV screening tests. In this study, we aimed to evaluate the cost-effectiveness of enzyme-linked immunosorbent assays (ELISA) and rapid tests in a public health center (PHC) setting. Methods: We developed a decision analytic model to assess the per-examinee cost and the cost-effectiveness of identifying HIV patients in a PHC setting using two HIV testing strategies: conventional HIV screening by ELISA versus rapid HIV testing. Analysis was performed in two scenarios: HIV testing in an average-risk population and in a high-risk population. Results: Compared to the ELISA, the rapid test was cost-saving and cost-effective. The per-examinee cost was USD 1.61 with rapid testing versus USD 3.38 with ELISA in an average-risk population, and USD 4.77 with rapid testing versus USD 7.62 with ELISA in a high-risk population. The cost of identifying a previously undiagnosed HIV case was USD 26,974 with rapid testing versus USD 42,237 with ELISA in an average-risk population, and USD 153 with rapid testing versus USD 183 with ELISA in a high-risk population. Conclusion: Rapid testing would be more cost-effective than using conventional ELISA testing for identifying previously undiagnosed HIV-infected cases in Korea, a country with extremely low HIV prevalence.

PSEUDO-RELIABILITY MODEL OF COMBAT TANK SYSTEM

  • Lie, Chang-Hoon
    • Journal of the military operations research society of Korea
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    • v.3 no.1
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    • pp.137-150
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    • 1977
  • The effectiveness of an actual combat tank system is analyzed. A measure of effectiveness which includes performance and reliability called pseudo-reliability is introduced. A model is introduced to optimize the design of the system in which the system pseudo-reliability is maximized subject to cost constraint. This model is a nonlinear programming problem and is solved by the sequential unconstrained minimization technique (SUMT). A numerical exampl with actual data from the test evaluation of five combat tanks is used to illustrate the model.

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Development of a Descriptive Cost Effectiveness Model for a Subcontractor with Limited Resources

  • Kim, Dae Young
    • Journal of KIBIM
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    • v.7 no.3
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    • pp.40-48
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    • 2017
  • It only takes one failed project to wipe out an entire year's profit, when the projects are not managed efficiently. Additionally, escalating costs of materials and a competitive local construction market make subcontractors a challenge. Subcontractors have finite resources that should be allocated simultaneously across many projects in a dynamic manner. Significant scheduling problems are posed by concurrent multi-projects with limited resources. The objective of this thesis is to identify the effect of productivity changes on the total cost resulting from shifting crews across projects using a descriptive model. To effectively achieve the objective, this study has developed a descriptive cost model for a subcontractor with multi-resources and multi-projects. The model was designed for a subcontractor to use as a decision-making tool for resources allocation and scheduling. The model identified several factors affecting productivity. Moreover, when the model was tested using hypothetical data, it produced some effective combinations of resource allocation with associated total costs. Furthermore, a subcontractor minimizes total costs by balancing overtime costs, tardiness penalties, and incentive bonus, while satisfying available processing time constraints.

A study on a schedule-cost analysis model for defense R&D project planning (국방 R&D프로젝트의 일정-비용분석모델의 연구)

  • 황홍석;류정철;정덕길
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.213-216
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    • 1996
  • R'||'&'||'D project management is a process of decisions concerned with the achievement of goals of objectives. Especially, defense R'||'&'||'D project planning is the key in the successfull management of defense development. The defense project managers are constantly having to perform "what if\ulcorner" exercise, such as what if the project is extended out for an additional cost\ulcorner In this reserch, we developed a schedule-cost analysis model based upon Critical Path Method(CPM) and Venture Evaluation and Review Technique(VERT) for schedule-cost trade off analysis defense R'||'&'||'D projects. In the first step, a deterministic model is developed as a heuristic which deterministic model is developed as a heuristic which determines the schedule extension and reduction cost as a function desired schedule. In the second step, a stochastic network simulation model is developed to analyse the project risk (sucess and failure). The expected time and cost can be determined for desired schedule under the assumptions of stochastic arc data (time and cost) with a various precedence relationships. This model provides the defense R'||'&'||'D managers with an estimated and expected cost for curtailing or extending a project a given amount of time. The effectiveness and efficiency of the proposed methods, a heuristic and stochastic networks simulations, have been demonstrated through examples.

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A Case Study on the Cost Effectiveness Analysis of Depot Maintenance Using Simulation Model and Experimental Design (시뮬레이션 모형과 실험설계법을 활용한 창정비 비용대 효과 분석 사례)

  • Kim, Sung-Kon;Lee, Sang-Jin
    • Journal of the Korea Society for Simulation
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    • v.26 no.3
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    • pp.23-34
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    • 2017
  • This paper is to study the simulation model of depot maintenance system that analyzes logistics supportability such as component availability and cost of target equipment. A depot maintenance system could repair or maintain multiple components simultaneously. The key performance indicators of this system are component availability, repair cycle time, and maintenance cost. The simulation model is based on the engine maintenance process of army aviation depot. This study combines the NOLH(Nearly Orthogonal Latin Hypercube) experimental design method, to composes 33 scenarios, with a multiple regression analysis to find out major factors that influence on key performance indicators. This study is significant in providing a cost-effectiveness analysis on depot maintenance system that is capable of maintaining multiple components at the same time.

Comparing Endoscopy and Upper Gastrointestinal X-ray for Gastric Cancer Screening in South Korea: A Cost-utility Analysis

  • Chang, Hoo-Sun;Park, Eun-Cheol;Chung, Woo-Jin;Nam, Chung-Mo;Choi, Kui-Son;Cho, Eun;Cho, Woo-Hyun
    • Asian Pacific Journal of Cancer Prevention
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    • v.13 no.6
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    • pp.2721-2728
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    • 2012
  • Background: There are limited data evaluating the cost-effectiveness of gastric cancer screening using endoscopy or upper gastrointestinal x-ray in the general population. Objective: To evaluate the cost-effectiveness of population-based screening for gastric cancer in South Korea by decision analysis. Methods: A time-dependent Markov model for gastric cancer was constructed for healthy adults 30 years of age and older, and a deterministic sensitivity analysis was performed. Cost-utility analysis with multiple strategies was conducted to compare the costs and effects of 13 different screening alternatives with respect to the following eligibility criteria: age at the beginning of screening, screening interval, and screening method. The main outcome measurement was the incremental cost-effectiveness ratio. Results: The results revealed that annual endoscopic screening from ages 50-80 was the most cost-effective for the male population. In the females, biennial endoscopy screening from ages 50-80 was calculated as the most cost-effective strategy among the 12 screening alternatives. The most cost-effective screening strategy may be adjustable according to the screening costs and the distribution of cancer stage at screening. The limitation was that effectiveness data were obtained from published sources. Conclusions: Using the threshold of $19,162 per quality-adjusted life year on the basis of the Korean gross domestic product (2008), as suggested by the World Health Organization, endoscopic gastric cancer screening starting at the age of 50 years was highly cost-effective in the Korean population. The national recommendation for gastric cancer screening should consider the starting age of screening, the screening interval, and the screening modality.