• Title/Summary/Keyword: Duration of Business

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Development of a Model for Calculating the Construction Duration of Urban Residential Housing Based on Multiple Regression Analysis (다중 회귀분석 기반 도시형 생활주택의 공사기간 산정 모델 개발)

  • Kim, Jun-Sang;Kim, Young Suk
    • Land and Housing Review
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    • v.12 no.4
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    • pp.93-101
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    • 2021
  • As the number of small households (1 to 2 persons per household) in Korea gradually increases, so does the importance of housing supply policies for small households. In response to the increase in small households, the government has been continuously supplying urban housing for these households. Since housing for small households is a sales and rental business similar to apartments and general business facilities, it is important for the building owner to calculate the project's estimated construction duration during the planning stage. Review of literature found a model for estimating the duration of construction of large-scale buildings but not for small-scale buildings such as urban housing for small households. Therefore this study aimed to develop and verify a model for estimating construction duration for urban housing at the planning stage based on multiple regression analysis. Independent variables inputted into the estimation model were building site area, building gross floor area, number of below ground floors, number of above ground floors, number of buildings, and location. The modified coefficient of determination (Ra2) of the model was 0.547. The developed model resulted in a Root Mean Square Error (RMSE) of 171.26 days and a Mean Absolute Percentage Error (MAPE) of 26.53%. The developed estimation model is expected to provide reliable construction duration calculations for small-scale urban residential buildings during the planning stage of a project.

BUSINESS PROCESS ENGINEERING IN THE CONSTRUCTION INDUSTRY

  • Brenda L. P. Yip;Ping Yung
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.622-627
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    • 2009
  • Business process engineering (BPE) is a top-down management approach for increasing efficiency and productivity through radical and fundamental changes to the business processes of the organization. BPE requires firms to initially develop a model of the existing business processes of the firm to distinguish functional tasks from processes used for coordinating inputs, activities and outputs. The model is used for understanding the business processes in the organization and to simulate the effect of changes to the processes. The model can also be used to justify business processes, which involves assessing whether the business process provides value to the customer in its current configuration. Justification requires a careful examination of the key business processes used by the firm to identify systemic shortcomings in the process and to create a new business process to produce greater efficiency. BPE also considers automating as many business processes as possible to increase operational efficiency and the integration of business process tasks. The construction industry has been slow to adopt BPE because of its project approach in which a major firm contracts with various functional service providers and regards each project as unique. The industry focuses on functional task efficiency rather than business process efficiency. There is no formal methodology or criteria for determining whether a business process is effective for a construction firm in its current configuration. The use of performance measures such as costs, task duration times or other metrics can be useful in evaluating the effectiveness of an existing business process and for modeling the possible outcome of a fundamental and radical change to the process.

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Dyeing Property and Functionality of Silk Fabrics Dyed with Rhododedron brachycarpum Extracts (만병초 추출물에 의한 견직물의 염색성 및 기능성)

  • Kim, Sangyool
    • Journal of Fashion Business
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    • v.23 no.3
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    • pp.23-34
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    • 2019
  • The aim of this study is to explore the possibility utilizing Rhododedron brachycarpum as a new natural dye resource. It was dyed in silk fabric according to different dyeing conditions such as dye concentration, dye bath temperature, dyeing time and dye bath pH. The effect of the mordanting conditions were estimated as dyeability and color changes. Additionally, the colorfastness, antibacterial property, ultraviolet protection properties of the dyed and mordanted silk fabrics were examined. The water-soluble dye of Rhododedron brachycarpum extracted with distilled water was expressed as Yellow Red color. The dye-abilities of silk generally increased depending on the increasing values of dye concentration, dye bath temperature and dyeing duration. The highest K/S values were obtained at a dye concentration of 100% (v/v), a dye bath temperature of $90^{\circ}C$, a dyeing duration 120 minutes and a dyeing of pH 2. The light fastness of dyed and Cu mordanted silk fabrics were found to be 4 grade while Al, Fe mordanted silk fabrics were found to be 2~3 grade. The dry cleaning and rubbing fastness were excellent or good. The fade of washing fastness was not good, however, the stain of washing fastness was excellent. The dyed and Al, Cu mordanted silk fabrics indicated 99.9% reduction rate. The dyed and the mordanted fabrics showed very good ultraviolet protection factors.

A study on the consumer's visual reaction about display props of clothing store - Focus on visual behavior using eye-tracker - (의류매장 디스플레이 소도구에 대한 소비자의 시각반응 연구 - 아이트래커를 활용한 시각행동 중심으로 -)

  • Kim, Young-Me;Kim, G-Ho
    • Journal of Fashion Business
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    • v.14 no.5
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    • pp.35-48
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    • 2010
  • As measuring visual behavior by utilize eye-tracker, this study examines whether consumer concentrates on visual attention with certain object and measures visual behavior with fixation number, fixation duration, the first fixation, which are visual attention pattern of consumer about Mannequin, hanger, shelve as props of display advertising effect on clothing store. It has experimental purpose to recognize relationships in terms of regardless, appropriateness, purchase intention. During display of clothing store, first experimental consequence to measure visual behavior on consumer did appear to allocate more cautions than other props. Second, in terms of relationships with regardless, appropriateness, purchase intention from consumer, each fixation pattern about consumer's fixation number, fixation duration, the first fixation was confirmed that there is meaningful correlation with each other. Accordingly, as advertising effect of mannequin makes consumer to concentrate more visually cautious, it is translated that high favor about display product with mannequin has positive role on purchase intention. Also, there is a purpose that higher feasibility on study result provides practical point on clothing store's display marketing strategy of corporation.

A Study on the Architectural Characteristics of Lobby in the 5-Star Beijing Hotel in China - Focusing on the Business hotels from 1978 until 2008 - (중국 북경시 5성급 호텔 로비의 공간구성 특성에 관한 연구 - 1978년부터 2008년까지의 비즈니스호텔을 중심으로 -)

  • Gao, Yong;Kim, Hwan-Sik;Lee, Jeong-Soo
    • Korean Institute of Interior Design Journal
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    • v.19 no.5
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    • pp.156-164
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    • 2010
  • This study examines for the making a deduction of architectural characteristics of high-rise business hotel's lower public space through analyzing the lobby space composition through Beijjng's 21 cases constructed from 1978 until 2008 in China. In the methods of analyzing process, We study the literatures, research reports and architectural drawings including the site survey. We hope to establish the principle in public space composition of Beijing's business hotels through analyzing the plan of these hotels. Finally, We find out the principles after researching as follows. Firstly, duration of business hotel construction was concentrated with the center of Beijing City especially central 5 Gu which will roll. To 1990's after that the high-rise hotel construction increased in order for the demand of the resort and the convention hotel to come to be many. The modem style was increased in hotel design of building's style. Secondly, the result which analyzes an 21 case study shows concourse style of public space composition is representative in lobby space of general 5 star business hotel in Beijing. And there are many upper composition style in sectional plan, modern style in lobby interior design. The third, the medium and small sized hotel have the plane which apply the public space efficiently.

Cost Analysis Model according to Mortality in Land-based Aquaculture (육상수조 어류양식 생존율에 따른 비용분석모형)

  • Eh, Youn-Yang
    • The Journal of Fisheries Business Administration
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    • v.47 no.4
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    • pp.1-13
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    • 2016
  • Fish mortality is the most important success factor in aquaculture management. To analyze the effect of mortality considering biological and economic condition is a important problem in land-based aquaculture. This study is aimed to analyze the effect of mortality for duration of cultivation in land-based aquaculture. This study builds the mathematical model that finds the value of decision variable to minimize cost that sums up the water pool usage cost, sorting cost, fingerling cost and feeding cost under critical standing corp constraint. The proposed mathematical model involves many aspects, both biological and economical: (1) number of fingerlings (2) timing and number of batch splitting event, based on (3) fish growth rate, (4) mortality, and (5) several farming expense. Numerical simulation model presented here in. The objective of numerical simulation is to provide for decision makers to analyse and comprehend the proposed model. When extensive biological and cost data become available, the proposed model can be widely applied to yield more accurate results.

An Design of Analyzing Process by Construction Extension of Time (공기연장 분쟁의 공사기간 분석 프로세스 설계에 관한 연구)

  • Kim, Beop-su;Seong, Gi-gang;Bae, In-ho;Bang, Hong-soon;Choi, Hyeong-jin;Kim, Ok-kyue
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.4
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    • pp.104-113
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    • 2019
  • Construction dispute about Extension of Time are complexly intertwined with various issues. The duration delay analysis defines the impact the issue has on the duration variation. And The international court and the arbitrator use the results of the analysis as a basis for reasonable duration judging. However, most of the domestic Construction sites have not established a business process for Extension of Time litigation. Therefore, Analysis data are collected after the occurrence of the dispute, there is not enough basic data of analysis almost. This study sought to improve the management efficiency by organizing information requirement for delay analysis and suggesting a reasonable business process. As a result of applying the proposed process to actual construction duration extension disputes, about 33% of practitioners, 46% of contractors, and 48% of legal advisors were satisfied with the process application site And Matrix validation was 91% identical. This study suggests that it is possible to increase the efficiency of the construction duration analysis work used as a basis in the construction dispute. Finally, the Computer based system design for this process should continue in the future.

Verification of the Effectiveness of Artificial Intelligence Education for Cultivating AI Literacy skills in Business major students

  • SoHyun PARK
    • The Journal of Economics, Marketing and Management
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    • v.11 no.6
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    • pp.1-8
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    • 2023
  • Purpose: In the era of the Fourth Industrial Revolution, individuals equipped with fundamental understanding and practical skills in artificial intelligence (AI) are essential. This study aimed to validate the effectiveness of AI education for enhancing AI literacy among business major student. Research design, data and methodology: Data for analyzing the effectiveness of the AI Fundamental Education Program for business major students were collected through surveys conducted at the beginning and end of the semester. Structural equation modeling was employed to perform basic statistical analyses regarding gender, grade, and prior software (SW) education duration. To validate the effectiveness of AI education, seven variables - AI interest, AI perception, data analysis/utilization, AI projects, AI literacy, AI self-efficacy, and AI learning persistence - were defined and derived. Results: All seven operationally defined variables showed statistically significant positive changes. The average differences were observed as follows: 0.47 for AI interest, 0.32 for AI perception, 0.37 for data analysis/utilization, 0.27 for AI projects, 0.25 for AI literacy, 0.39 for AI self-efficacy, and 0.41 for AI learning persistence. Statistically, AI interest exhibited the most substantial average difference. Conclusions: Through this study, the applied AI education was confirmed to enhance learners' overall competencies in AI, proving its utility and effectiveness in AI literacy education for business major students. Future research endeavors should build upon these results, focusing on ongoing studies related to AI education programs tailored to learners from diverse academic backgrounds and conducting continuous efficacy evaluations.

Generation of Business Process Reference Model Considering Multiple Objectives

  • Yahya, Bernardo Nugroho;Wu, Jei-Zheng;Bae, Hye-Rim
    • Industrial Engineering and Management Systems
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    • v.11 no.3
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    • pp.233-240
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    • 2012
  • The implementation of business process management (BPM) systems in large number of business organizations transforms BPM system into such a level of maturity and tends to collect large repositories of business process (BP) models. This issue encourages BP flexibility that leads to a large number of process variants derived from the same model, but differing in structure, to be stored in the large repositories of BP models. Therefore, the repositories may include thousands of activities and related business objects with variation of requirements and quality of service. It is a common practice to customize processes from reference processes or templates in order to reduce the time and effort required to design and deploy processes on all levels. In order to address redundancy and underutilization problems, a generic process model, called as reference BP, is absolutely necessary to cover the best of process variants. This study aims to develop multiple-objective business process genetic algorithm (MOBPGA) to find a set of non-dominated (Pareto) solutions of business reference model to enhance conventional approach which considered only a single objective on creating BP reference model by using proximity score measurement. A mixed-integer linear program is constructed to evaluate performance of the proposed MOBPGA on small-scale problems by using standard measures for multiple-objective techniques. The results will show the viability of applying MOBPGA in terms of simultaneously maximizing proximity score measurement, minimizing total duration, and total costs of the selected reference model.

Predicting Recessions Using Yield Spread in Emerging Economies: Regime Switch vs. Probit Analysis (금리스프레드를 이용한 신흥경제 국가의 불황 예측: 국면 전환 모형 vs. 프로빗 모형)

  • Park, Kihyun;Mohsin, Mohammed
    • International Area Studies Review
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    • v.16 no.3
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    • pp.53-73
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    • 2012
  • In this study we investigate the ability of the yield spread to predict economic recessions in two Asian economies. For our purpose we use the data from two emerging economies (South Korea and Thailand) that are also known for their openness in terms of exports and imports. We employ both two-regime Markov-Switching model (MS) and three-regime MS model to estimate the probability of recessions during Asian crisis. We found that the yield spread is confirmed to be a reliable recession predictor for Thailand but not for South Korea. The three-regime MS model is better for capturing the Asian financial crisis than two-regime MS model. We also tried to find the duration of economic expansions and recessions. We tested the hypothesis of asymmetric movements of business cycles. The MS results are also compared with that of the standard probit model for comparison. The MS model does not significantly improve the forecasting ability of the yield spread in forecasting business cycles.