• Title/Summary/Keyword: Decision-Making Models

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Family Decision-Making Process of wedding Process (결혼 과정에 대한 의사결정 유형에 영향을 미치는 요인 탐색)

  • Jang, Ju-Young;Ok, Sun-Wha
    • Journal of the Korean Home Economics Association
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    • v.46 no.4
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    • pp.1-13
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    • 2008
  • The purpose of this study is to identify variables that influence the family decision-making process when planning a wedding. In this case the planning refers to: the procedure of the wedding: yedan, which means presents for parents and relatives: and yemul, which means wedding gifts. Decision-making was categorized into four types: decisions led by the bride and groom, decisions led by the groom's parents, decisions led by the bride's parents, and co-decisions by the two families. Resource theory was used as a conceptual framework. Data for this study were collected from 305 adults who got married after 1977 and lived in Seoul. Multinomial logistic regression models were used to analyze the data. Variables determining the decision-making of wedding procedure were the groom's age at marriage, the level of familism, and the major source for the wedding expenses. When it came to decisions on yedan, gender, the bride's year of education, and the major source for wedding expenses had significant influence on the decision-making. Variables that affected decision-making on yemul were the bride's year of education, and the major source for wedding expenses. This study suggested the power structure among bride, groom, and their parents through variables which exert influence on family decision-making.

Knowledge-based Decision Making on Strategic Problems (전략적 과제에 대한 지식기반의 의사결정)

  • Yim, Nam-Hong
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.05a
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    • pp.595-598
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    • 2004
  • In recognizing knowledge as a new resource in gaining organizational competitiveness, knowledge management suggests a method in managing and applying knowledge for improving organizational performance. Much knowledge management research has focused on identifying, storing, and disseminating process related knowledge in an organized manner. Applying knowledge to decision making has a significant impact on organizational performance than solely processing transactions for knowledge management. In this research, we suggest a method of knowledge-based decision-making using system dynamics, with an emphasis to strategic problems. The proposed method transforms individual mental models into explicit knowledge by translating partial and implicit knowledge into an integrated knowledge model. The scenario-based test of the organized knowledge model enables decision-makers to understand the structure of the target problem and identify its basic cause, which facilitates effective decision-making. This method facilitates the linkage between knowledge management initiatives and achieving strategic goals and objectives of an organization.

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Decision Making Model for Agricultural Reservoir using PROMETHEE-AHP (PROMETHEE-AHP를 이용한 농업용 저수지의 의사결정모형)

  • Choi, Eun-Hyuk;Bae, Sang-Soo;Jee, Hong-Kee
    • Journal of The Korean Society of Agricultural Engineers
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    • v.54 no.5
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    • pp.57-67
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    • 2012
  • This paper presents the Multi Criteria Decision Making (MCDM) to evaluate water resources plan for agricultural reservoir. Preference Ranking Organization METHod for Enrichment Evaluations (PROMETHEE) and Analytic Hierarchy Process (AHP) were used to estimate weight and priority of alternatives to find out the most reasonable and efficient way of water resources assessment. The 6 criteria that both decision maker and beneficiary are satisfied have been identified to secure agricultural water resources and then the priority of 10 subcriteria was set. An enhanced PROMETHEE-AHP model was used to perform pairwise comparison and find out the priority of each alternative because the existing decision making model have uncertainty and ambiguity. Comparison analysis of decision making models was carried out to find a way of suitable decision making and validity of PROMETHEE-AHP model was suggested.

Cognitive Competency, Problem-Solving Skills and Decision-Making: A Case Study of Students' Extracurricular Activities in The Distribution Chains Sector

  • Thuc Duc TRAN;Thai Dinh TRUONG;Thong Van PHAM;Dien Huong PHAM
    • Journal of Distribution Science
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    • v.22 no.2
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    • pp.71-82
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    • 2024
  • Purpose: Despite significant research on decision-making, researchers struggle to comprehend the decision-making process. This paper aims to not only examine the relationship between problem-solving skills, cognitive competency, and decision-making but also develop measurement instruments for cognitive competency and problem-solving skills to better model decision-making. Research Design, Methodology and Approach: A cross-sectional study was conducted by surveying 292 university students in HCM City, Vietnam, via email sent randomly by Google Forms. This study identifies the conceptual framework and tests the hypotheses using a deductive approach. The SPSS program was used to evaluate the scales' reliability, and the SmartPLS program was used to assess the measurement and structural models. Results: The results show that the research model better modelled the relationship between problem-solving skills, cognitive competency, and decision-making. Although thinking ability has no direct impact on decision-making, both creativity and problem-solving skills have a positive impact on decision-making. The mediating role of problem-solving skills is also determined by the positive relationship between cognitive competency and decision-making. Conclusions: This study highlights decision-making efficiency through the cognitive process from low to high levels and provides for policymakers and managers to explain the decision-making process in a variety of sectors, such as distribution chains, marketing, and human resource distribution.

An Evaluation Models for R&D Projects Selection (연구개발과제 선정을 위한 단계별 평가모형)

  • 이상철;하정진;김성희
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.17 no.31
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    • pp.73-80
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    • 1994
  • Sequentiality in decision making is an inherent characteristic of the R&D Process, Conceptual changes are noted during the Course of the Project which represent a continuous improvement in the quality of the data available during the various project stages. In this paper, Eight characteristic types of project evaluation models have been developed economic index models, portfolio models, decision theory models, risk analysis models, frontier models, scoring models, profile models and checklists. Each of these will be critically reviewed and appraised.

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Real Option Decision Tree Models for R&D Project Investment (R&D 프로젝트 투자 의사결정을 위한 실물옵션 의사결정나무 모델)

  • Choi, Gyung-Hyun;Cho, Dae-Myeong;Joung, Young-Ki
    • IE interfaces
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    • v.24 no.4
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    • pp.408-419
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    • 2011
  • R&D is a foundation for new business chance and productivity improvement leading to enormous expense and a long-term multi-step process. During the R&D process, decision-makers are confused due to the various future uncertainties that influence economic and technical success of the R&D projects. For these reasons, several decision-making models for R&D project investment have been suggested; they are based on traditional methods such as Discounted Cash Flow (DCF), Decision Tree Analysis (DTA) and Real Option Analysis (ROA) or some fusion forms of the traditional methods. However, almost of the models have constraints in practical use owing to limits on application, procedural complexity and incomplete reflection of the uncertainties. In this study, to make the constraints minimized, we propose a new model named Real Option Decision Tree Model which is a conceptual combination form of ROA and DTA. With this model, it is possible for the decision-makers to simulate the project value applying the uncertainties onto the decision making nodes.

Goal Setting in Multiple Criteria Decision Making

  • Lee, Jae-Kyu
    • Journal of the Korean Operations Research and Management Science Society
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    • v.11 no.2
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    • pp.51-68
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    • 1986
  • The effects of goal setting in the context of Multiple Criteria Making (MCDM) are classified into two types : internal and external. In the internal models, the impact of the changed goal is limited only to the other goals in MCDM model. By contrast, in the external models, the impact is limited to the factors not included in the MCDM model. In fact, most real world examples of goal setting have the nature of mixed models. To assist in the goal setting process, the framework named Goal Setting Support (GSS) is developed. The GSS helps decision-makers for mixed models to 1) make internal trade-offs in a way that guarantees non-dominancy after the trade-ofs, and 2) evaluate achieved goals systematically. The GSS can be used in creating Decision Support Systems that will allow interactive goal setting.

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Effects of Cultural Difference and Task Complexity on Team Interaction Process (팀 구성원들의 문화적 이질성과 과업복잡성이 팀 상호작용 프로세스에 미치는 영향)

  • Nam, Chang-S.;Thomas, Krystal
    • Journal of the Ergonomics Society of Korea
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    • v.25 no.3
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    • pp.7-16
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    • 2006
  • Although several theories and models have been proposed to explain the effects of cultural differences in team decision making, many aspects of team decision-making in multi-cultural contexts such as team performance, team communication, and team cognition still remain unclear. In particular, little attention has paid to the empirical studies on team processes multi-cultural team members use to interact with each other to accomplish the task in different task environments. To investigate the effects of culture and task characteristics on team decision making behavior in multi-cultural contexts, this study compared culturally homogenous and heterogeneous groups in the context of logistics decision making. Results of the study showed that cultural difference and task complexity may affect team performance as well as team interaction process to varying degree.

MULTICRITERIA MODELS FOR GROUP DECISION MAKING : COMPROMISE PROGRAMMING VS. THE ANALYTIC HIERACHY PROCESS

  • Kwak, N.K.;McCarthy, Kevin J.
    • Journal of the Korean Operations Research and Management Science Society
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    • v.16 no.1
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    • pp.97-112
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    • 1991
  • This paper describes two contrasting approaches to group decision making involving multiple criteria. A compromise programming method and the analytic hierarchy process are analyzed and compared by using an illustrative example of a computer model selection problem to demonstrate their usefulness as a viable tool for group decision making. This paper further considers some extensions and modifications of there two methods for future study.

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On the Optimal Decision making by the AHP (AHP를 이용한 최적 의사결정에 관한 연구)

  • Chung, Soon-Suk
    • Proceedings of the Safety Management and Science Conference
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    • 2006.11a
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    • pp.427-435
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    • 2006
  • We study on the consistency of AHP. It is research that extend of SAW methods by [1]. For tools that measure judgment of inconsistency eigenvector methods, we research consistency that introduced consistency ratio by Saaty. in general, the higher consistence of compare matrix the bigger error within matrix. In this paper, we use the AHP for the optimal decision making. By this method, we have optimal decision making numenical example which three models of any domestic motors companies.

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