• Title/Summary/Keyword: Decision-making time

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Developing a Decision Making Model for Selecting an IT Post-Merger Integration Strategy

  • Suh, Byung-Wan;Baek, Seung-Ik
    • Journal of Information Technology Applications and Management
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    • v.19 no.3
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    • pp.49-68
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    • 2012
  • M&A (Merger and Acquisitions) is a standard corporate strategy frequently used by companies seeking to secure new growth engines and gain a solid foothold in their markets in order to become more globally competitive. To achieve the original goals of M&A, the two involved parties need to invest significant time and resources in integrating all aspects of the companies. A well-planned post-merger integration of information technology (IT PMI) by the two M&A parties is considered a crucial and difficult process because IT provides a fundamental infrastructure for integration. Considering various internal and external factors, the two parties normally formulate an IT PMI strategy. The many IT PMI strategies can be categorized into four major types: Renewal, Takeover, Standardization, and Synchronization. This study aims to develop a decision making model to help merger company and IT managers select the proper IT PMI strategy. More specifically, we identify key determinants that need to be considered when selecting a proper IT PMI strategy. The relative importance of each determinant is defined by analytic hierarchy process (AHP) analysis. Finally, this study evaluates each IT integration strategy under the identified determinants.

A DEA-Based Portfolio Model for Performance Management of Online Games (DEA 기반 온라인 게임 성과 관리 포트폴리오 모형)

  • Chun, Hoon;Lee, Hakyeon
    • Journal of Korean Institute of Industrial Engineers
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    • v.39 no.4
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    • pp.260-270
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    • 2013
  • This paper proposes a strategic portfolio model for managing performance of online games. The portfolio matrix is composed of two dimensions: financial performance and non-financial performance. Financial performance is measured by the conventional measure, average revenue per user (ARPU). In terms of non-financial performance, five non-financial key performance indicators (KPIs) that have been widely used in the online game industry are utilized: RU (Register User), VU (Visiting User), TS (Time Spent), ACU (Average Current User), MCU (Maximum Current User). Data envelopment analysis (DEA) is then employed to produce a single performance measure aggregating the five KPIs. DEA is a linear programming model for measuring the relative efficiency of decision making unit (DMUs) with multiple inputs and outputs. This study employs DEA as a tool for multiple criteria decision making (MCDM), in particular, the pure output model without inputs. Combining the two types of performance produces the online game portfolio matrix with four quadrants: Dark Horse, Stop Loss, Jack Pot, Luxury Goods. A case study of 39 online games provided by company 'N' is provided. The proposed portfolio model is expected to be fruitfully used for strategic decision making of online game companies.

A multi-criteria decision-making process for selecting decontamination methods for radioactively contaminated metal components

  • Inhye Hahm ;Daehyun Kim;Ho jin Ryu;Sungyeol Choi
    • Nuclear Engineering and Technology
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    • v.55 no.1
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    • pp.52-62
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    • 2023
  • Various decontamination technologies have been developed for removing contaminated areas in industries. Although it is important to consider parameters such as safety, cost, and time when selecting the decontamination technology, till date their comparative study is missing. Furthermore, different decontamination technologies influence the decontamination effects in different ways. Therefore, this study compares different decontamination techniques for the steam generator using a multicriteria decision-making method. A steam generator is a large device comprising both low- and very low-level waste (LLW, VLLW) and reflects the difference in weights of the standards according to the classification of the waste. For LLW and VLLW decontaminations, chemical oxidizing reduction decontamination (CORD) and decontamination grit blasting were used as the preferred techniques, respectively, considering the purpose of decontamination differs based on the initial state of waste. An expert survey revealed that safety in LLW and waste minimization in VLLW exhibited high preference. This evaluation method can be applied not only to the comparison between each process, but also to the creation of process scenarios. Therefore, determining the decontamination approach using logical decision-making methods may improve the safety and economic feasibility of each step in the decommissioning process and ensure a public acceptance.

A Handover Algorithm Using Fuzzy Set Theory (퍼지 이론을 이용한 핸드오버 알고리즘)

  • 정한호;김준철;이준환
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.18 no.6
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    • pp.824-834
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    • 1993
  • In cellular mobile communication systems, if the size of a cell is decreasing for economic utilization of frequency resources, frequent handovers may be requested because the time a mobile stays in a cell is decreasing. In general the measured parameters to decide handover including RSSI, BER, and the distance between mobile station and base station, are usually incorrect and handover decision using single parameter insufficient. Therefore, the better handover algorithm should take over the problems of this uncertain measurements, and make the decision more robust and flexible by the consideration of all those decision parameters at the same time. We propose a novel handover algorithm based the multicriteria decision making, in which those parameters are participated in the decision process using aggregation function in fuzzy set theory. As a simulation results, the overall decision making is more reliable and flexible than the conventional method using only one parameter, RSSI in terms of call force ratio, and handover request ratio.

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Fault Detection Algorithm of Photovoltaic Power Systems using Stochastic Decision Making Approach (확률론적 의사결정기법을 이용한 태양광 발전 시스템의 고장검출 알고리즘)

  • Cho, Hyun-Cheol;Lee, Kwan-Ho
    • Journal of the Institute of Convergence Signal Processing
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    • v.12 no.3
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    • pp.212-216
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    • 2011
  • Fault detection technique for photovoltaic power systems is significant to dramatically reduce economic damage in industrial fields. This paper presents a novel fault detection approach using Fourier neural networks and stochastic decision making strategy for photovoltaic systems. We achieve neural modeling to represent its nonlinear dynamic behaviors through a gradient descent based learning algorithm. Next, a general likelihood ratio test (GLRT) is derived for constructing a decision malling mechanism in stochastic fault detection. A testbed of photovoltaic power systems is established to conduct real-time experiments in which the DC power line communication (DPLC) technique is employed to transfer data sets measured from the photovoltaic panels to PC systems. We demonstrate our proposed fault detection methodology is reliable and practicable over this real-time experiment.

A Decision Support System for the Selection of a Rapid Prototyping Process (쾌속조형공정 선정을 위한 지원 시스템)

  • 변홍석;이관행
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2003.06a
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    • pp.5-8
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    • 2003
  • This paper presents a methodology to be able to select an appropriate RP system that suits the end use of a part. Evaluation factors used in process selection include major attributes such as accuracy, roughness, strength, elongation, part cost and build time that greatly affect the performance of RP systems. Crisp values such as accuracy and surface roughness are obtained with a new test part developed. The test part is designed with conjoint analysis to reflect users' preference. The part cost and build time that have approximate ranges due to cost and many variable parameters are presented by linguistic values that can be described with triangular fuzzy numbers. Based on the evaluation values obtained, an appropriate RP process for a specific part application is selected by using the modified TOPSIS(Technique of Order Preference by Similarity to Ideal Solution) method. It uses crisp data as well as linguistic variables, and each weight on the alternatives is assigned by using pair-wise comparison matrix. The ranking order helps the decision making of the selection of RP systems.

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A Study on Project Resource & Information Management with Internet Application(PRIMA system) (디지털 정보화를 통한 현장 자원 및 정보관리 기술에 관한 연구(PRIMA 시스템))

  • Kim Oe-Gon;Lee Dong-Ryul
    • Korean Journal of Construction Engineering and Management
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    • v.2 no.1 s.5
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    • pp.88-97
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    • 2001
  • The Internet, the main issue of a new millennium, is being researched vitally for the progress of the construction industry, and the construction industry is considered to be led into a high-value added state-of-arts technology industry through CALS. Even if many construction companies gradually widen the use of the Internet for various purposes such as an electronic bidding system and an e-commerce system, the companies are still demanded to use the Internet more broadly and practically. Hence, the need for a tool for fast decision making and an effective construction management has risen. The PRIMA system has been developed specifically focused on meeting with those recent changes of the construction industry. This system is composed of three parts. Those are Just In Time(JIT) management, integrated application of man power${\cdot}$safety${\cdot}$work management and decision making process based on real-time information in the Internet. The usefulness of the PRIMA system has already been proved in a super-scale construction project. As the Internet environment get improved the use of the tool will be spread out gradually for many construction projects, regardless their size and location.

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A Study on the Framework of Cutover Decision Making on Large-scale IS Development Projects: A Core Banking Development Case of D Bank (대규모 정보시스템 개발 프로젝트의 컷오버 의사결정 프레임워크에 관한 연구: D은행 코어뱅킹 시스템 구축 사례를 중심으로)

  • Jeong, Cheon-Su;Ahn, Hyun-Chul;Jeong, Seung-Ryul
    • Information Systems Review
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    • v.14 no.1
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    • pp.1-19
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    • 2012
  • A large-scale IS development project takes a long time, thus its project manager needs to be more careful on risk management. In particular, appropriate cutover decision making is critical in large-scale IS development projects because the opening of the large-scale IS significantly impacts the organization. Regardless of its importance, cutover decision making in conventional IS development projects has been done in a quite simple way. Conventional cutover decisions have been made by considering just whether the new IS operates or not from the system, application, and data implementation perspectives. However, this approach may lead to unsatisfactory performance or system failure in complex large-scale IS development. Under this background, we propose a new framework for cutover decision making on large-scale IS projects. To validate the applicability, we applied the framework to a core banking system development case. The case study shows that our framework is effective in proper cutover decision making.

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Impact of Conflict within Social Welfare Organization on Job Performance : Moderating Effect of Participatory Decision-making (사회복지조직 내 갈등이 직무성과에 미치는 영향 : 참여적 의사결정의 조절효과)

  • Seo, Daeseok;Oh, Bongyook
    • The Journal of the Korea Contents Association
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    • v.20 no.11
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    • pp.101-109
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    • 2020
  • This study sought to find out the impact of conflicts in social welfare organizations on job performance and to find out the effects of controlling participatory decision-making in their relationships. To that end, a survey was conducted on workers at social welfare centers in Seoul, Gyeonggi Province and Chungcheong Province, and 360 copies were finally used for analysis and Correlation and hierarchical regression and statistical significance analysis of the adjustment effects were performed. As a result, conflicts within the organization, job performance, and participatory decision-making showed a negative correlation, and as participatory decision-making in the relationship between conflict within the organization and job performance showed a controlled effect, the impact of conflicts within the organization on job performance was reduced. These results suggest that participatory decision-making can alleviate conflicts within an organization and at the same time increase job performance. Based on this, the following suggestions were proposed: They include conflict management strategies in the guidelines for social welfare subjects, establish guidelines for conflict management, provide training for workers, engage workers in employee evaluation and compensation system development, and operate permanent organizations such as the Conflict Handling Committee after investigating conflicts within social welfare organizations.

Dynamic Decision Making using Social Context based on Ontology (상황 온톨로지를 이용한 동적 의사결정시스템)

  • Kim, Hyun-Woo;Sohn, M.-Ye;Lee, Hyun-Jung
    • Journal of Intelligence and Information Systems
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    • v.17 no.3
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    • pp.43-61
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    • 2011
  • In this research, we propose a dynamic decision making using social context based on ontology. Dynamic adaptation is adopted for the high qualified decision making, which is defined as creation of proper information using contexts depending on decision maker's state of affairs in ubiquitous computing environment. Thereby, the context for the dynamic adaptation is classified as a static, dynamic and social context. Static context contains personal explicit information like demographic data. Dynamic context like weather or traffic information is provided by external information service provider. Finally, social context implies much more implicit knowledge such as social relationship than the other two-type context, but it is not easy to extract any implied tacit knowledge as well as generalized rules from the information. So, it was not easy for the social context to apply into dynamic adaptation. In this light, we tried the social context into the dynamic adaptation to generate context-appropriate personalized information. It is necessary to build modeling methodology to adopt dynamic adaptation using the context. The proposed context modeling used ontology and cases which are best to represent tacit and unstructured knowledge such as social context. Case-based reasoning and constraint satisfaction problem is applied into the dynamic decision making system for the dynamic adaption. Case-based reasoning is used case to represent the context including social, dynamic and static and to extract personalized knowledge from the personalized case-base. Constraint satisfaction problem is used when the selected case through the case-based reasoning needs dynamic adaptation, since it is usual to adapt the selected case because context can be changed timely according to environment status. The case-base reasoning adopts problem context for effective representation of static, dynamic and social context, which use a case structure with index and solution and problem ontology of decision maker. The case is stored in case-base as a repository of a decision maker's personal experience and knowledge. The constraint satisfaction problem use solution ontology which is extracted from collective intelligence which is generalized from solutions of decision makers. The solution ontology is retrieved to find proper solution depending on the decision maker's context when it is necessary. At the same time, dynamic adaptation is applied to adapt the selected case using solution ontology. The decision making process is comprised of following steps. First, whenever the system aware new context, the system converses the context into problem context ontology with case structure. Any context is defined by a case with a formal knowledge representation structure. Thereby, social context as implicit knowledge is also represented a formal form like a case. In addition, for the context modeling, ontology is also adopted. Second, we select a proper case as a decision making solution from decision maker's personal case-base. We convince that the selected case should be the best case depending on context related to decision maker's current status as well as decision maker's requirements. However, it is possible to change the environment and context around the decision maker and it is necessary to adapt the selected case. Third, if the selected case is not available or the decision maker doesn't satisfy according to the newly arrived context, then constraint satisfaction problem and solution ontology is applied to derive new solution for the decision maker. The constraint satisfaction problem uses to the previously selected case to adopt and solution ontology. The verification of the proposed methodology is processed by searching a meeting place according to the decision maker's requirements and context, the extracted solution shows the satisfaction depending on meeting purpose.