• Title/Summary/Keyword: Dynamic Management

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A System Dynamics Approach for Making Group Decision

  • Kwahk Kee-Young;Kim Hee-Woong
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.958-965
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    • 2003
  • The rapidly changing business environment has required cooperation and coorduiation among functional units n organizations which should Involve group decision-making processes Although many group derision-making support tools and methods have provided the collaborative capabilities for organizational members, they often lack features supporting the dynamic complexity issue frequently occurring at group decision-making processes This study proposes system dynamics modeling as a group decision-making support tool to deal with the group derision-making tasks having properties of dynamic complexity in terms of cognitive fit theory.

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Optimization and Analysis of Nonserial Diverging Branch Systems in Dynamic Programming

  • Lee, Chae Y.
    • Journal of the Korean Operations Research and Management Science Society
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    • v.11 no.2
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    • pp.88-100
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    • 1986
  • The focus of this paper is to develop the optimization procedures and analyze the complexities of the nonserial diverging branch systems in Dynamic Programming. The optimization procedure of the system is developed such that it helps to reduce the computational demands of the system. The complexity of the network is analyzed with the increasing number of nodes, branches and their connectedness to the main serial system. Determination of the optimal set of nodes for the main serial chain is also investigated.

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Design of Transportation System Using Dynamic Programming in Logistic Management (물류관리에 있어 동적계획법을 이용한 수송시스템 설계)

  • 하정진;이병호
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.34
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    • pp.129-137
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    • 1995
  • Recently the recognition of Logistics becomes important to enterprises as a means for improving their competition, but the Korea enterpries falls for far behind in management techniques for analyzing realities and problems in the logistic compare to the advanced countries. In describing a distribution network, we have stated that it is basically a system or a set of locations that ship, receive or store material plus the routes that connect these locations. Using a Dynamic Programming on logistics, we can decrease the inventory level and increase the service level on logistics and the management performance.

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STRUCTURAL CHANGES IN DYNAMIC LINEAR MODEL

  • Jun, Duk B.
    • Journal of the Korean Operations Research and Management Science Society
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    • v.16 no.1
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    • pp.113-119
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    • 1991
  • The author is currently assistant professor of Management Science at Korea Advanced Institute of Science and Technology, following a few years as assistant professor of Industrial Engineering at Kyung Hee University, Korea. He received his doctorate from the department of Industrial Engineering and Operations Research, University of California, Berkeley. His research interests are time series and forecasting modelling, Bayesian forecasting and the related software development. He is now teaching time series analysis and econometrics at the graduate level.

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Dynamic Location Area Management Scheme Using the Historical Data of a Mobile User (이동통신 사용자의 이력자료를 고려한 동적 위치영역 관리기법)

  • Lee, J.S.;Chang, I.K.;Hong, J.W.;Lie, C.H.
    • IE interfaces
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    • v.18 no.4
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    • pp.382-389
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    • 2005
  • Location management is very important issue in wireless communication system to trace mobile users' exact location. In this study, we propose a dynamic location area management scheme which determines the size of dynamic location area considering each user's characteristics. In determining the optimal location area size, we consider the measurement data as well as the historical data, which contains call arrival rate and average speed of each mobile user. In this mixture of data, the weight of historical data is derived by linear searching method which guarantees the minimal cost of location management. We also introduce the regularity index which can be calculated by using the autocorrelation of historical data itself. Statistical validation shows that the regularity index is the same as the weight of measurement data. As a result, the regularity index is utilized to incorporate the historical data into the measurement data. By applying the proposed scheme, the location management cost is shown to decrease. Numerical examples illustrate such an aspect of the proposed scheme.

Analyzing the Relationship between Dynamic Capability of Project-Based Organization and the Competitive Advantage in the E&C Companies (프로젝트 조직의 동적역량과 건설기업 경쟁우위와의 상관관계 분석)

  • Jin, Sangjoon;Oh, Minjeong;Kim, Seungchul
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.1
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    • pp.73-85
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    • 2019
  • Since the beginning of a new century, many Korean construction and engineering companies are facing a very dynamic and fast changing business environment which includes severe competition, higher risk, economic depression, declining revenues and profits, etc. In order to cope with these challenges, they need to secure special capabilities to actively adapt to the paradigm changes. One of those capabilities could be project management capability which allows us to manage organizational resources dynamically and integratively based on project portfolio management concept. The objective of this study is to investigate how the dynamic capability of a project-based organization to control the resource affects the firm performance and the competitive advantages. Data was collected from the construction and engineering companies in South Korea by using survey questionnaire, and analyzed for empirical tests by using statistical methods such as structural equation modelling and path analysis. The results showed that the organizational resources, if they had the VRIN characteristics, would have positive impacts on creating the dynamic capabilities for project organization. In turn, the dynamic capabilities of a project organization would have impacts on improving business performance and creating competitive advantages. Also, it was found that the organizational resources may have direct impact on business performance and competitive advantages. The academic contribution of this study is that it attempts to integrate resource based view and the dynamic capability theory about creating competitive advantages for project based organization. This study also provided practical implications to the companies in construction industry by showing how to use organizational resources strategically to create competitive advantages.

OPTIMAL TORQUE MANAGEMENT STRATEGY FOR A PARALLEL HYDRAULIC HYBRID VEHICLE

  • Sun, H.;Jiang, J.H.;Wang, X.
    • International Journal of Automotive Technology
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    • v.8 no.6
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    • pp.791-798
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    • 2007
  • The hydraulic hybrid vehicle(HHV) is an application of hydrostatic transmission technology to improve vehicle fuel economy and emissions. A relatively lower energy density of hydraulic accumulator and complicated coordinating operations between two power sources require a special energy management strategy to maximize the fuel saving potential. This paper presents a new type of configuration for parallel HHV to minimize the disadvantages of the hydraulic accumulator, as well as a methodology for developing an energy management strategy tailored specially for PHHV. Based on an analysis of the optimal energy distribution between two power sources over a representative urban driving cycle with a Dynamic Programming(DP) algorithm, a fuzzy-based optimal torque management strategy is designed and developed to control the torque distribution. Simulation results demonstrates that the optimal torque management strategy maximizes the advantages of this hybrid type of configuration, and the high power density characteristics of hydraulic technology effectively improve the robustness of the energy management strategy and fuel economy of the PHHV.

The CDMA Mobile System Architecture

  • Shin, Sung-Moon;Lee, Hun;Han, Ki-Chul
    • ETRI Journal
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    • v.19 no.3
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    • pp.98-115
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    • 1997
  • The architecture of the CDMA mobile system (CMS) is developed based on three function groups - service resource, service control, and service management groups. In this paper, the CMS architecture is discussed from the point of view of implementing these functions. The variable length packets are used for transmission. The synchronization clock signals are derived form the GPS receiver. The open loop and closed loop techniques are used for the power control. The internationally accepted signaling and network protocols are employed. The call control for the primary services in designed to provide efficient mobile telecommunication services. The softer handoff is implemented in one card. The mobile assisted handoff and the network assisted handoff are employed in the soft and hard handoffs. The authentication is based on the secret data which includes random numbers. The management functions, which include the location management, resource management, cell boundary management and OAM management, are implemented to warrant the system efficiency, maximum capacity and high reliability. The architecture ensures that the CMS is flexible and expandable to provide subscribers with economic and efficient system configuration. The dynamic power control, adaptive channel allocation. and dynamic cell boundary management are recommended for future work.

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Empirical Study of Dynamic Corporate Governance: New Evidence from Chinese-listed SMEs

  • Shao, Lin;Yu, Xiaohong
    • The Journal of Industrial Distribution & Business
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    • v.6 no.4
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    • pp.27-37
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    • 2015
  • Purpose - This study first explores the possible dynamic relationship between ownership structure and firm performance using a panel of 4,900 Chinese-listed small- and medium-sized enterprises (SMEs) from 1999 to 2012. Research design, data, and methodology - We address this issue through a dynamic panel model using a method of moments (GMM) technique and dynamic simultaneous equations to alleviate the potential endogenous problem: unobserved heterogeneity, simultaneity, and dynamic endogeneity. Results - Under the framework of dynamic endogeneity, firm performance has a significantly positive influence on ownership, but not vice versa. Ownership and performance can be explained by their owned lagged values, respectively. Moreover, intertemporal endogeneity exists among ownership, investment, and performance through the application of system dynamic equations, which implies that the relationship among ownership structure, investment, and firm performance is dynamic by nature. Conclusions - This study also significantly contributes to a better understanding of dynamic corporate governance by providing further empirical evidence from the largest capital market in the Asian region.