• Title/Summary/Keyword: Decision Framework

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ESTABLISHMENT OF DECISION MAKING FRAMEWORK FOR SUPPORTING COOPERATION AMONG STAKEHOLDERS IN MEGA PROJECT

  • Jee Hee Lee;June Seong Yi;Seung Woo Shin;Kyung Rog Park
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1288-1293
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    • 2009
  • Performing 'Mega Project' in which various stakeholders are involved is difficult to control due to the respective conflicting objectives. Urban regeneration which is being challenged issue in various ways can be defined as the mega project. Since the mega project like urban regeneration a long-continued project and includes a lot of participants whose benefits conflict, cooperation among stakeholders is essential. Moreover, as the project goes, diverse decision making situations which require collaboration happen, and if proper decision making cannot be given at that time, the whole project would have critical effects. Also, since each activity concerns numerous stakeholders, prompt decision making is difficult in the mega project. Therefore, the objective of this study is to support stakeholder's cooperative decision making in order for conducting successful project. For the purpose of the paper, the concept of cooperation in mega project is redefined and a cooperative decision making framework is suggested. Also, the term of governance, which means cooperative mechanism based on the mutual trust, information sharing and partnership, is applied to the newly defined cooperation. The suggested cooperative decision making framework contains the structure of stakeholders in urban regeneration project which enables participants to understand the relationship among bodies and checklists for supporting decision making appropriately. The application of the framework proposed in this research is expected to contribute subjects' suitable decision making by providing proper information in a timely manner.

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A Study on Evaluation of the Priority Order about Framework Data Building (기본지리정보 구축 우선순위 평가에 관한 연구)

  • 김건수;최윤수;조성길;이상미
    • Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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    • 2004.11a
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    • pp.361-366
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    • 2004
  • Geographic Information has been used widely for landuse and management, city plan, and environment and disaster management, etc., But geographic information has been built for individual cases using various methods. Therefore, the discordancy in data, double investment, confusion of use and difficulty of decision supporting system have been occurred. In order to solve these problems, national government is need to framework database. This framework database was enacted for building and use of National Geographic Information System and focused on basic plan of the second national geographic information system. Also, the framework database was selected of eight fields by NGIS laws and 19 detailed items through meeting of framework committee since 2002. In this research, The 19 detailed items( road, railroad, coastline, surveying control point etc.,) of framework database consider a Priority order, In the result of this research, the framework database is obtain to a priority order for building and the national government will carry effectively out a budget for the framework database building. Each of 19 detailed items is grouping into using the priority order of the framework database by AHP analysis method and verified items by decision tree analysis method. The one of the highest priority order items is a road, which is important for building, continuous renovation, and maintain management for use.

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Optimal Selection of Energy System Design Using Fuzzy Framework (모호집합론을 사용한 에너지계통 설계의 최적선택)

  • 김성호;문주현
    • Proceedings of the Korea Society for Energy Engineering kosee Conference
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    • 1998.10a
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    • pp.3-8
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    • 1998
  • The present work proposes the potential fuzzy framework, based on fuzzy set theory, for supporting decision-making problems, especially, selection problems of a best design in the area of nuclear energy system. The framework proposed is composed of the hierarchical structure module, the assignment module, the fuzzification module, and the defuzzification module. In the structure module, the relationship among decision objectives, decision criteria, decision sub-criteria, and decision alternatives is hierarchically structured. In the assignment module, linguistic or rank scoring approach can be used to assign subjective and/or vague values to the decision analyst's judgment on decision variables. In the fuzzification module, fuzzy numbers are assigned to these values of decision variables. Using fuzzy arithmetic operations, for each alternative, fuzzy preference index as a fuzzy synthesis measure is obtained. In the defuzzification module, using one of methods ranking fuzzy numbers, these indices are defuzzified to overall utility values as a cardinality measure determining final scores. According these values, alternatives of interest are ranked and an optimal alternative is chosen. To illustrate the applicability of the framework proposed to selection problem, as a case example, the best option choice of four design options under five decision criteria for primary containment wall thickening around large penetrations in an advanced nuclear energy system is studied.

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Make-or-buy Decision Framework for School Foodservice System Using Multi-attribute Analysis Method (다-속성분석방법을 이용한 학교급식의 교내/외주결정방법)

  • 황흥석;황현주
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.11a
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    • pp.148-151
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    • 2003
  • Recently school food service operations are confronted with the wide spread pressures for accountability and the need to increase productivity. This paper is concerned with the make-or-buy decision framework for school food service systems considering the multi-attributes in the decision making. For the purpose of considering the multi-attributes analysis method in decision making for the school foodservice, we developed a make-or-buy decision framework using the multi-attribute analysis method, analytic hierarchy process, AHP method for school food service system. Finally, we developed a systematic and practical solution builder for a three-step decision support system in the view of 1) brainstorming for the idea generation, 2) analytic hierarchy process, AHP as a multi-attribute structure ed analysis method, and 3) aggregation logic model to integrate the results of reviewers. We developed web based program and applied it to a school foodservice problem.

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A Design-Decision Support Framework for Evaluation of Design Options in Passenger Ship Engine Room

  • Kim, Soo-Woong;Lee, Hyun-Jin;Kwon, Young-Sub
    • Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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    • 2006.11a
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    • pp.277-280
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    • 2006
  • Most real world design evaluation and risk-based decision support combine quantitative and qualitative (linguistic) variables. Decision-making based on conventional mathematics that combines qualitative and quantitative concepts always exhibit difficulty in modelling actual problems. The successful selection process for choosing a design/procurement proposal is based on a high degree of technical integrity, safety levels and low costs in construction, corrective measures, maintenance, operation, inspection and preventive measures. However, the objectives of maximising the degree of technical performance, maximising the safety levels and minimising the costs incurred are usually in conflict, and the evaluation of the technical performance, safety and costs is always associated with uncertainties, especially for a novel system at the initial concept design stage. In this paper, a design-decision support framework using a composite structure methodology grounded in approximate reasoning approach and evidential reasoning method is suggested for design evaluation of machinery space of a ship engine room at the initial stages. It is a Multiple Attribute Decision-Making (MADM) or Multiple Criteria Decision Making (MCDM) framework, which provides a juxtaposition of cost, safety and technical performance of a system during evaluation to assist decision makers in selecting the winning design/procurement proposal that best satisfies the requirement in hand. An illustrative example is used to demonstrate the application of the proposed framework.

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Conceptualizing a Strategic Facilities Management Decision Framework for Heritage Building Maintenance Management

  • Adegoriola, Mayowa I.;Yung, Esther H.K.;Lai, Joseph H.K.;Chan, Edwin H.W.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.992-1000
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    • 2022
  • Heritage buildings (HBs) as structures with historical and architectural relevance that form an integral part of contemporary society. HBs deserve to be protected for as long as possible to retain their significance. Therefore, prioritizing HB maintenance management (HBMM) is pertinent. However, the decision-making process of HBMM can be relatively daunting. The decision-making challenge may be attributed to the multiple 'stakeholders' expectation and requirement which needs to be met. To this end, professionals in the built environment have identified the need to apply the strategic concept of facilities management (FM) in decision making. However, studies exploring the application of FM in decision-making seem lacking. To bridge this gap, this study focuses on developing a framework for strategic decision-making HBMM, which helps achieve HBMM sustainability. At the study's inception, relevant works of literature in the domains of HBMM and FM were conducted. This review helped identify contemporary maintenance practices and their applicability to HBMM. Afterward, a conceptual framework to aid decision-making in HBMM was developed. This framework integrated the concept of FM scope (people, place, process, and technology) while ensuring that decisions and plans were made at strategic, tactical, and operational levels. The conceptual framework presents a holistic guide for professionals in HBMM to ensure that decision processes and outcomes are practical and efficient. It also contributes to the existing body of knowledge on the integration of FM in HBMM. Furthermore, it will help achieve HB sustainability through an effective decision-making process.

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Flexible Integration of Models and Solvers for Intuitive and User-Friendly Model-Solution in Decision Support Systems (의사결정지원시스템에서 직관적이고 사용자 친숙한 모델 해결을 위한 모델과 솔버의 유연한 통합에 대한 연구)

  • Lee Keun-Woo;Huh Soon-Young
    • Journal of the Korean Operations Research and Management Science Society
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    • v.30 no.1
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    • pp.75-94
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    • 2005
  • Research in the decision sciences has continued to develop a variety of mathematical models as well as software tools supporting corporate decision-making. Yet. in spite of their potential usefulness, the models are little used in real-world decision making since the model solution processes are too complex for ordinary users to get accustomed. This paper proposes an intelligent and flexible model-solver integration framework that enables the user to solve decision problems using multiple models and solvers without having precise knowledge of the model-solution processes. Specifically, for intuitive model-solution, the framework enables a decision support system to suggest the compatible solvers of a model autonomously without direct user intervention and to solve the model by matching the model and solver parameters intelligently without any serious conflicts. Thus, the framework would improve the productivity of institutional model solving tasks by relieving the user from the burden of leaning model and solver semantics requiring considerable time and efforts.

Developing an Investment Framework based on Markowitz's Portfolio Selection Model Integrated with EWMA : Case Study in Korea under Global Financial Crisis (지수가중이동평균법과 결합된 마코위츠 포트폴리오 선정 모형 기반 투자 프레임워크 개발 : 글로벌 금융위기 상황 하 한국 주식시장을 중심으로)

  • Park, Kyungchan;Jung, Jongbin;Kim, Seongmoon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.38 no.2
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    • pp.75-93
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    • 2013
  • In applying Markowitz's portfolio selection model to the stock market, we developed a comprehensive investment decision-making framework including key inputs for portfolio theory (i.e., individual stocks' expected rate of return and covariance) and minimum required expected return. For estimating the key inputs of our decision-making framework, we utilized an exponentially weighted moving average (EWMA) which places more emphasis on recent data than the conventional simple moving average (SMA). We empirically analyzed the investment results of the decision-making framework with the same 15 stocks in Samsung Group Funds found in the Korean stock market between 2007 and 2011. This five-year investment horizon is marked by global financial crises including the U.S. subprime mortgage crisis, the collapse of Lehman Brothers, and the European sovereign-debt crisis. We measure portfolio performance in terms of rate of return, standard deviation of returns, and Sharpe ratio. Results are compared with the following benchmarks : 1) KOSPI, 2) Samsung Group Funds, 3) Talmudic portfolio based on the na$\ddot{i}$ve 1/N rule, and 4) Markowitz's model with SMA. We performed sensitivity analyses on all the input parameters that are necessary for designing an investment decision-making framework : smoothing constant for EWMA, minimum required expected return for the portfolio, and portfolio rebalancing period. In conclusion, appropriate use of the comprehensive investment decision-making framework based on the Markowitz's model integrated with EWMA proves to achieve outstanding performance compared to the benchmarks.

Deep Neural Network(DNN) based Clinic Decision Support System(CDSS) Framework (Deep Neural Network(DNN) 기반 Clinic Decision Support System(CDSS) Framework)

  • Yu, Hyerin;Joe, Inwhee
    • Proceedings of the Korea Information Processing Society Conference
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    • 2022.11a
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    • pp.357-358
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    • 2022
  • 이 논문은 Deep Learning 을 이용해 의사의 진단의 도움을 줄 수 있는 Clinic Decision Support System(CDSS) Framework 를 제안한다. 당뇨병, 고혈압, 고지혈증 같은 대사질환은 증상이 있는 경우도 있지만 없는 경우가 대부분이다.[1] 그렇기 때문에 원격으로 진료할 경우 대사질환에 대한 부분을 놓칠 수 있다. 이러한 부분을 챗봇이 의사에게 Deep Neural Network(DNN)으로 예측된 정보를 제공해 도움을 준다.

Organizational Knowledge Acquisition: A Fuzzy GSS Framework (조직의 지식 획득: 퍼지 GSS 프레임웍)

  • 이재남
    • Proceedings of the Korea Inteligent Information System Society Conference
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    • 1999.10a
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    • pp.111-120
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    • 1999
  • Although the concept of viewing knowledge as a critical resource has been widely accepted in prior studies, it is not fully understood how to acquire available knowledge in order to improve organizational effectiveness. However, it si sure that organizational knowledge management should pursuit the achievement of the business goal by delivering relevant and useful information to the right person at the right time. Group Support System (GSS) can play an important role to transfer scatter information into meaningful business knowledge for supporting strategic corporate decision-making. This study proposes a fuzzy GSS framework for acquiring workgroup knowledge from individual memory and aggregating workgroup knowledge to organizational knowledge. This study also proposes an architecture to support the fuzzy GSS framework. The architecture consists of user agents, information management agents, and a fuzzy model manager. To illustrate how the fuzzy GSS framework can be used to support the whole process of organization knowledge acquisition, an Internet-based GSS was developed and applied in a marketing decision process. It showed that the framework was effective for acquiring organizational knowledge.

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