• Title/Summary/Keyword: Decision Making Process

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Decision Method of Optimal Engine System for High-Speed Ship by Analytical Hierarchy Process (AHP 기법에의한 고속선의 최적 기관 시스템 결정법)

  • H.B. Ro
    • Journal of Advanced Marine Engineering and Technology
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    • v.22 no.3
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    • pp.381-395
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    • 1998
  • The purpose of this study is to determine the optimal gas turbine system for special purpose ships. First we generate critical evaluation criteria an construct their hierarchical structure. The criteria consist of qualitative ones as well as the economic factor. Then AHP is applied to solve the decision making problem AHP gibes good results different from those only by the economic evaluation methods. And during the analysis, the procedure produces many useful informations to the decision making. The results shows that AHP is an appropriate method for these kinds of problems such as the system selection.

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An Application of the Analytic Hierarchy Process in Selecting Strategic Industry in Pusan (부산지역 전략산업 선정에의 계층화 분석과정 적용)

  • 이창효
    • Korean Management Science Review
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    • v.16 no.1
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    • pp.11-23
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    • 1999
  • AHP is a well-known multiattribute decision technique that has been applied to private and public areas. It is well suited to group decision making and offers many benefits as a synthesizing mechanism in group decisions. This paper explains why the AHP is well-suited to group decision making by means of the case study. Through this case study, this paper tried setting priorities for the strategic industry with the focus on the small and medium industry in Pusan.

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Compensatory Decision-Making for Multiobjective Nonlinear Programming Problem in a Fuzzy Environment (퍼지환경에서 다목적 비선형계획문제의 절충 의사결정)

  • Lee, Sang-Wan;Nam, Hyun-Woo
    • Journal of Korean Institute of Industrial Engineers
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    • v.23 no.1
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    • pp.163-175
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    • 1997
  • This paper presents the algorithm for finding the compensatory solution for fuzzy multiobjective nonlinear programming problem using $\gamma$-operator. The proposed algorithm can be applied to all cases with multiobjective problems since the interactive process with a decision maker is simple, various uncertainties involved on decision making are eliminated and all the objectives are well balanced. On the basis of proposed algorithm, an illustrative numerical example is presented.

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Fuzzy Sets and Decision Marking in Nuclear Science

  • Ruan, D.
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 1993.06a
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    • pp.1058-1061
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    • 1993
  • Fuzzy set theory has been extensively researched in various fields of engineering. In nuclear science, a significant influence of fuzzy sets can be noticed. However, applications of fuzzy set theory to nuclear engineering is novel. In this paper, we start with a basic statement of the decision-making process based on fuzzy set theory, and then apply it to nuclear science with some practical applications (a fuzzy decision making in an accidental release to the atmosphere as well as in a problem of land suitability classification). We believe that the use of fuzzy set theory in nuclear science has potential advantages.

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The Financial Behavior of Investment Decision Making Between Real and Financial Assets Sectors

  • HALA, Yusriadi;ABDULLAH, Muhammad Wahyuddin;ANDAYANI, Wuryan;ILYAS, Gunawan Bata;AKOB, Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.635-645
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    • 2020
  • This research was conducted to achieve several objectives and focus research was based on financial behavior theory and prospect theory as grounded theory e.g., investigate the financial decision-making behavior between financial and real assets investment, and confirm the relationship existing between herding behavior and overconfidence factors to the level of loss and regret aversion, and financial literacy into real assets investment decisions. The study used 220 real estate auction respondents as investor samples at the State Assets and Auction Service Office Makassar, South Sulawesi, Indonesia. Data was collected through the use of a questionnaire consisting of 23 questions to measure the variables. Moreover, the research data passed through several feasibility tests like the inner and outer modeling by Partial Least Square - Structural equation model (PLS-SEM) while the hypotheses formulated were also tested to determine the magnitude of the variable relationship. Through the use of the direct and intervening test, loss and regret aversion variables have a positive and significant effect while financial literacy variables have no significant effect. There is a slight difference in the decision-making process for real assets and financial assets investors. Investment decision making behavior in the financial assets sector requires less complicated decisions compared to the decisions related to real assets investments.

Using an Evaluative Criteria Software of Optimal Solutions for Enterprise Products' Sale

  • Liao, Shih Chung;Lin, Bing Yi
    • Journal of Distribution Science
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    • v.13 no.4
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    • pp.9-19
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    • 2015
  • Purpose - This study focuses on the use of evaluative criteria software for imprecise market information, and product mapping relationships between design parameters and customer requirements. Research design, data, and methodology - This study involved using the product predicted value method, synthesizing design alternatives through a morphological analysis and plan, realizing the synthesis in multi-criteria decision-making (MCDM), and using its searching software capacity to obtain optimal solutions. Results - The establishment of product designs conforms to the customer demand, and promotes the optimization of several designs. In this study, the construction level analytic method and the simple multi attribute comment, or the quantity analytic method are used. Conclusions - This study provides a solution for enterprise products' multi-goals decision-making, because the product design lacks determinism, complexity, risk, conflict, and so on. In addition, the changeable factor renders the entire decision-making process more difficult. It uses Fuzzy deduction and the correlation technology for appraising the feasible method and multi-goals decision-making, to solve situations of the products' multi-goals and limited resources, and assigns resources for the best product design.

Development and Evaluation of Shared Medical Decision-Making Scale for End-of-Life Patients in Korea (한국형 공유 의료적 의사 결정 측정도구 개발 및 평가)

  • Jo, Kae-Hwa
    • Journal of Korean Academy of Nursing
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    • v.42 no.4
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    • pp.453-465
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    • 2012
  • Purpose: The study was done to develop a shared decision-making scale for end-of-life patients in Korea. Methods: The process included construction of a conceptual framework, generation of initial items, verification of content validity, selection of secondary items, preliminary study, and extraction of final items. The participants were 388 adults who lived in one of 3 Korean metropolitan cities: Seoul, Daegu, or Busan. Item analysis, factor analysis, criterion related validity, and internal consistency were used to analyze the data. Data collection was done from July to October 2011. Results: Thirty-four items were selected for the final scale, and categorized into 7 factors explaining 61.9% of the total variance. The factors were labeled as sharing information (9 items), constructing system (7 items), explanation as a duty (5 items), autonomy (4 items), capturing time (3 items), participation of family (3 items), and human respect (3 items). The scores for the scale were significantly correlated among shared decision-making scale, terminating life support scale, and dignified dying scale. Cronbach's alpha coefficient for the 34 items was .94. Conclusion: The above findings indicate that the shared decision-making scale has a good validity and reliability when used for end-of-life patients in Korea.

Efficient Decision Making Support System by Rough-Neural Network and $\chi$2 (러프-신경망과 $\chi$2 검정에 의한 효율적인 의사결정지원 시스템)

  • Jeong, Hwan-Muk;Pi, Su-Yeong;Choe, Gyeong-Ok
    • The Transactions of the Korea Information Processing Society
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    • v.6 no.8
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    • pp.2106-2112
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    • 1999
  • In decision-making, information is the thing manufactured as the useful type for decision -making. We can improve the efficiency of decision-making by elimination of unnecessary information. Rough set is the theory that can classify and reduce the unnecessary. But the reduction process of rough set becomes more complex according to the number of attribute and tuple. After eliminating of the dispensable attributes using $\chi$2 and rough set, the indispensable attributes are used for the units of input layers in neural network. This rough-neural network can support more correct decision-making of neural network.

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A study on improving the usability of records of policy management system operation (방침경영시스템 운영기록의 유용성 제고에 관한 고찰)

  • Syn, Dong-Sig;Pack, Jong-Yop;Lim, Kyung-Sik;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.11 no.1
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    • pp.213-222
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    • 2009
  • Two functions are considerable in the record management of policy management system operation. The first one is to prove that shows the conforming status of the management system requirements. The second one is to prove that shows the performing status whether the policy management system is operating effectively to the company. However, the second function requires the high level data analysis techniques, and it is more important for the decision making of the company operations. That is, the second function is more closer than the first function to the top manager's policy management tool. This paper is prepared to offer a study on the desirable record management which is necessary to the scientific decision making process. The scientific decision making requires the analysis of data derived from the reliable records. It is also aimed to enlighten the relations between the reliability of records and the adoption of the results of analysis in associated with the top manager's decision making.

Effects of Case-Based Learning on Clinical Decision Making and Nursing Performance in Undergraduate Nursing Students (사례기반학습이 간호대학생의 임상 의사결정 능력과 간호수행 능력에 미치는 효과)

  • Jeong, Mi-Eun;Park, Hyoung-Sook
    • Journal of Korean Academy of Fundamentals of Nursing
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    • v.22 no.3
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    • pp.308-317
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    • 2015
  • Purpose: The aim of this study was to examine the effects of case-based learning (CBL) on clinical decision making and nursing performance. Methods: This research was conducted between September, 2011 and January, 2012 as a nonequivalent comparison group design. The participants were 55 third year nursing students who were enrolled in a college of nursing in a university in Korea. The intervention was the CBL procedures which involved role-play practice videoed by camera and watched on the computer by the students. Questionnaires were used before and after the intervention to measure clinical decision-making. Nursing performance tests were done after the intervention. Results: Statistically significant group differences were observed in clinical decision-making. Nursing performance was significantly higher in the CBL group than in the control group. Conclusion: CBL focused on the solving problem process and clinical cases which are based on clinical setting allowing students to develop efficiency in clinical practice and adaptation to the clinical situation.