• 제목/요약/키워드: Decision-Making Theory

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Empirical Approach for Evaluating or Upgrading EOP Strategies Using the Decision theory and Simulator

  • Kim, Sok-Chul;Lee, Duck-Hun;Kim, Hyun-Jang
    • Proceedings of the Korean Nuclear Society Conference
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    • 1998.05a
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    • pp.833-837
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    • 1998
  • This paper presents preliminary findings regarding a modeling framework under development for use in a multi-attribute decision model for advanced emergency operating procedures(EOPs). This model provides a means for optimal decision making strategy for advanced emergency operating procedures conceptualizing the dynamic coordination of responsibilities and information in the human system interactions with advanced reactor systems. For the purpose of evaluation of the applicability of this modeling framework, an empirical case study for a post-cooldown strategy during an steam generator tube rupture (SGTR) accident was carried out. As a result, it was found empirically that the multi-attribute decision model is a useful tool for establishing advanced EOPs that reduce the operator's cognitive and decision making burden during the accident mitigation process.

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Multi-Attribute and Multi-Expert Decision Making by Vague Set (Vague Set를 이용한 다속성.다수전문가 의사결정)

  • 안동규;이상용
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.43
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    • pp.321-331
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    • 1997
  • Measurement of attributes is often highly subjective and imprecise, yet most MADM methods lack provisions for handling imprecise data. Frequently, decision makers must establish a ranking within a finite set of alternatives with respect to multiple attributes which have varying degrees of importance. The problem is more complex if the evaluations of alternatives according to each attribute are not expressed in precise numbers, but rather in fuzzy numbers. Analysis must allow for lack of precision and partial truth. The advantages of a fuzzy approach for MADM are that a decision maker can obtain efficient solutions all at once without trial and error, and that this approach provides better support for judging the interactive improvement of solutions in comparison with o decision making method. The algorithm used in this study is based on the concepts of vague set theory. Linguistic variables and vague values are used to facilitate a decision maker's subjective assessment about attribute weightings and the appropriateness of alternative versus selection attributes in order to obtain final scores which are called vague appropriateness indices. A numerical example is presented to show the practical applicability of this approach.

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Perception of Equity.Decision-Making Styles and Family Life Satisfaction in Dual-Career Couple (맞벌이 부부의 공평성 인지.의사결정 참여도 및 가정생활만족도)

  • 이정우;강기연
    • Journal of the Korean Home Economics Association
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    • v.39 no.9
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    • pp.137-152
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    • 2001
  • On the basis of the equity theory, as the couple perceives their relationship is equitable, they tend to make decisions jointly and are satisfied with their family lives. Therefore this study is aimed to identify the relationship among perception of equity, decision-making styles and family life satisfaction in dual-career couples. As a result of analyzing the cause-effect relationship, it shows that many socioeconomic$.$psychological variables have direct indirect impact on family life satisfaction through medium factor, so this study proves the application of the cause-effect modes. However the influence of the perception of equity of wives were higher than husbands.

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A Weighted Value Method for Multicriteria Decision Making (퍼지교환종속 관계를 이용한 댜기준평가문제의 가중치 책정방법)

  • 정규련;정택수
    • Journal of the Korean Operations Research and Management Science Society
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    • v.19 no.3
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    • pp.53-62
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    • 1994
  • Complex decision-making problems are often characterized by multicriteria phenomena and fuzziness inherent in the structure of information and therefore suitable scientific solution methods. Especially, when similar dependent criteria are introduced, the problems become more complex. This paper presents a fuzzy intersectional dependence relation model for this kind of multicriteria decision-making problems. The model we propose is based on the fuzzy relation from fuzzy systems theory. In ths case of introducing similar dependent criteria, the rank reversal by distortion of weights is hard to occur by our proposed method. A numerical example is presented to illustrate the use of the model.

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Detecting Emerging Technology to Use Social Network Analysis : Focusing on Mobile Telecommunication (소셜 네트워크 분석을 통한 유망기술 탐색에 관한 연구 : 차세대 이동통신분야를 중심으로)

  • Lee, Woo-Hyoung;Seok, Yeong-Cheol;Park, Jun-Cheul
    • The Journal of Information Systems
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    • v.21 no.4
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    • pp.109-132
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    • 2012
  • Social Network Analysis is an increasingly important part of a broader 'toolbox' of evaluation methods available to R&D policymakers to support decision-making. The aim of this research is to be an accessible, 'beginner's guide' to social network theory and application in the area of mobile telecommunication research and development (R&D) decision-making. This research suggests the methodology of investigation into new technology, and the methodology suggested by this research is believed to be a meaningful first step toward the establishment of the information analysis structure, which is in desperate need.

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.

Build up management mind of the construction expert engineer (건설전문기술자의 경영마인드 정립에 관한 연구)

  • Chun, Jin-Ku;Kim, Byeong-Soo
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.3 s.31
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    • pp.45-55
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    • 2006
  • This study aims need set of mind to construction manager built a theory logic conceive decision making system and principles designed to create the administrative procedures that a company needs to integrate management and environmental concerns into its daily business practices. Integrate considerations of risk reduction and wise resource management into daily business decision making environmental that includes performance and cost. Seek to make better Dynamic time solutions that promote competitiveness set of management mind provide business with tools and methodologies management participation, psychology, philosophy effects of resource flows. A last of understand use of the decision making element principal as a guideline for evaluating and ranking approaches. The result of this study are summarized as follows; (1) setting for approach decision making of manager police, (2) dynamic of time and management mind (3) a primary factor out environment to decision making (4) methodologies of set up system for management mind (5) expectation effect of management mind.

A Fuzzy AHP based Decision-making Model for Selecting a Telecommunication Company (Fuzzy AHP 기반의 이동통신사 선정을 위한 의사결정모델)

  • Seo, Kwang-Kyu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.5
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    • pp.1060-1064
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    • 2009
  • This paper proposes a fuzzy AHP based decision-making model to select a telecommunication company and the target of the proposed model is university students in the capital area. When customers select a telecommunication company, they have difficulty in decision-making because there are many competitive and complementary factors of telecommunication companies. To select a best telecommunication company, customers need to consider a number of different quantitative and qualitative factors such as fare, various services, additional function, etc. In this study, we suggest a fuzzy AHP based decision-making model to select a telecommunication company considering various quantitative and qualitative factors. Especially, fuzzy theory is applied to deal with the unclear or ambiguous problems, and a linear normalization model is developed to convert the value of quantitative factors to fuzzy number. A empirical example which is the target of the university students in the capital area shows the feasibility of the proposed model and it can help customers to make better decision-making for their benefits.

Improving the Decision-Making Process in the Higher Learning Institutions via Electronic Records Management System Adoption

  • Mukred, Muaadh;Yusof, Zawiyah M.;Mokhtar, Umi Asma';Sadiq, Ali Safaa;Hawash, Burkan;Ahmed, Waleed Abdulkafi
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.15 no.1
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    • pp.90-113
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    • 2021
  • Electronic Records Management System (ERMS) is a computer program or set of applications that is utilized for keeping up to date records along with their storage. ERMS has been extensively utilized for enhancing the performance of academic institutions. The system assists in the planning and decision-making processes, which in turn enhances the competencies. However, although ERMS is significant in supporting the process of decision-making, the majority of organizations have failed to take an initiative to implement it, taking into account that are some implementing it without an appropriate framework, and thus resulted in the practice which does not meet the accepted standard. Therefore, this study identifies the factors influencing the adoption of ERMS among employees of HLI in Yemen and the role of such adoption in the decision-making process, using the Unified Theory of Acceptance and Use of Technology (UTAUT) along with Technology, Organization and Environment (TOE) as the underpinning theories. The study conducts a cross-sectional survey with a questionnaire as the technique for data collection, distributed to 364 participants in various Yemeni public Higher Learning Institutions (HLI). Using AMOS as a statistical method, the findings revealed there are significant and positive relationships between technology factors (effort expectancy, performance expectancy, IT infrastructure and security), organizational factors (top management support, financial support, training, and policy),environmental factors (competitiveness pressure, facilitating conditions and trust) and behavioral intention to adopt ERMS, which in return has a significant relationship with the process of decision-making in HLI. The study also presents a variety of theoretical and empirical contributions that enrich the body of knowledge in the field of technology adoption and the electronic record's domain.

An Integrated Multicriteria Decision-Making Approach for Evaluating Nuclear Fuel Cycle Systems for Long-term Sustainability on the Basis of an Equilibrium Model: Technique for Order of Preference by Similarity to Ideal Solution, Preference Ranking Organization Method for Enrichment Evaluation, and Multiattribute Utility Theory Combined with Analytic Hierarchy Process

  • Yoon, Saerom;Choi, Sungyeol;Ko, Wonil
    • Nuclear Engineering and Technology
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    • v.49 no.1
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    • pp.148-164
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    • 2017
  • The focus on the issues surrounding spent nuclear fuel and lifetime extension of old nuclear power plants continues to grow nowadays. A transparent decision-making process to identify the best suitable nuclear fuel cycle (NFC) is considered to be the key task in the current situation. Through this study, an attempt is made to develop an equilibrium model for the NFC to calculate the material flows based on 1 TWh of electricity production, and to perform integrated multicriteria decision-making method analyses via the analytic hierarchy process technique for order of preference by similarity to ideal solution, preference ranking organization method for enrichment evaluation, and multiattribute utility theory methods. This comparative study is aimed at screening and ranking the three selected NFC options against five aspects: sustainability, environmental friendliness, economics, proliferation resistance, and technical feasibility. The selected fuel cycle options include pressurized water reactor (PWR) once-through cycle, PWR mixed oxide cycle, or pyroprocessing sodium-cooled fast reactor cycle. A sensitivity analysis was performed to prove the robustness of the results and explore the influence of criteria on the obtained ranking. As a result of the comparative analysis, the pyroprocessing sodium-cooled fast reactor cycle is determined to be the most competitive option among the NFC scenarios.