• Title/Summary/Keyword: Economic Performance Measurement

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A Case Study on Economic Effect of KPI for TPM Performance Measurement (사례를 통한 TPM 성과측정 KPI의 경제적 효과 산출 방법)

  • Oh, Sangyoung;Son, Yangkyun;Suh, Yongsung;Jeong, Seonphil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.13 no.11
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    • pp.5044-5051
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    • 2012
  • TPM(Total Productive Maintenance) is a methodology to improve corporations' productivity and has been employed widely. At the initial stage of the TPM, we need to set basic plans and goals of the TPM. Also, quantization of performance is required through the TPM activity measurement indices to achieve the plans and the goals. We analyzed measurement factors of TPM activity by observation of previous researches and suggest a measure methodology of economic effect for the TPM performance measurement based on BSC and quantification of qualitative measurement.

Economic Model of Performance Measurement for Technical and Vocational Education in Developing Countries Using Official Development Assistance (개도국 직업훈련학교에 대한 공적개발원조 시 경제적 성과 측정 모형)

  • Ghang, Bong-Jun
    • The Journal of Korean Institute for Practical Engineering Education
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    • v.3 no.1
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    • pp.103-109
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    • 2011
  • The ODA(Official Development Assistance) of Korea is growing considerably, and the ODA projects in the technical and vocational education have the good performance to the recipient countries, because they have the direct and quick benefits. But there are no economic model of performance measurement for the ODA in the technical and vocational education. The purpose of this study is to develop the economic model of measuring the performance of the ODA in the technical and vocational education. This study use the ROI model using financial information and the BSC model using non-financial information, and link each model closely. The ROI model using financial information is more relevant, because the benefits of the technical and vocational education are distinct and quick to the recipient groups.

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Airport Performance Measurement and Airport Operation System Improvement (우리 나라 공항 운영성과 지표 측정 및 활용방안 연구)

  • Yoo, K.E.;Lee, Y.H.
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.9 no.1
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    • pp.45-58
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    • 2001
  • According to the liberalization of the air transport industry, the operation of airport also takes account of economic efficiency. The owners or the operators of an airport or airport systems want to know what is the best way to achieve the best performance in the aspect of economic efficiency and they are willing to improve the airport operation system. Prerequisite for the improvement of economic efficiency is to measure the performance of not only their own airports but the other airports. This study presents the result of performance measurement of Korean airports. The overall costs performance, labor productivity, capital productivity, revenue performance and profit performance are estimated and interpreted. As conclusions, the suggestion about airport system improvement is presented.

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The Effects of Imprecise Measurement on the Economic Asymmetric $\bar{X}$ and S Control Charts

  • Yang, Su-Fen
    • International Journal of Quality Innovation
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    • v.3 no.2
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    • pp.46-56
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    • 2002
  • The presence of imprecise measurement may seriously affect the efficiency of process control and production cost. A cost model is derived to determine the design parameters of the economic asymmetric $\bar{X}$ and S control charts including measurement errors. The effects of imprecise measurement on the performance of the economic asymmetric $\bar{X}$ and S control charts and production cost are examined for the case where the process mean and process standard deviation may change. Application of the proposed control charts is demonstrated through an example. Numerical examples illustrate the effects of imprecise measurement on the design parameters of the proposed control charts. It shows that the imprecision measurement may seriously affrct the ability of the proposed control charts to detect process disturbances quickly, change the sampling frequency, and increase the production cost compared to the control charts excluding measurement errors.

Evaluation System for Defense IT Project in Korea: Post-Implementation Stage

  • Lee, Sangho;Song, Chong-Hyun
    • Journal of Multimedia Information System
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    • v.5 no.4
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    • pp.291-297
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    • 2018
  • Performance measurement is not an easy task. However, it is necessary to measure the expected value of the informatization project to be invested, to help the successful progress of the informatization project, and to confirm the result of the informatization project. This study describes the evaluation systems of the defense informatization project in Korea used after the end of the informatization project (post-implementation evaluation stage). In the post-implementation evaluation stage of proposed system, the informatization project is evaluated in terms of performance achievement, project plan compliance, project management, and economic validity. For each element, this study suggests metrics and practical measurement method. With metrics and their method, it can be evaluated which project is better than others. Moreover, the lessons learned can be developed. Under scarce budget condition, defense organizations can make better performance from IT project with the evaluation system suggested in this study.

Development of Performance Indicators on Private Building Construction Sites using Supervisory Report (감리데이터 기반의 민간 건축현장 성과지표 개발)

  • Sung, Yookyung;Hur, Youn Kyoung;Lee, Seung Woo;Yoo, Wi Sung
    • Korean Journal of Construction Engineering and Management
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    • v.23 no.6
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    • pp.65-75
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    • 2022
  • As performance measurement is important for systematic management, the key indicators for performance measurement have been consistently researched in the construction industry. However, there are only a few cases in which performance measurement is performed because it requires strenuous efforts to collect data for measurement. Unlike the public sector, which has been collecting project data through laws, the private sector has very little data to measure performance. In contrast, supervision work concerns important data necessary for the performance management on building construction sites in accordance with the Building Act. Therefore, in this study, we used the data from supervisory reports to measure the performance of private building projects. First, we derived 6 performance areas and 15 indicators through a few rounds of expert group discussions and 2 surveys. Then, we identified the performance indicators with high feasibility of data collection and computed their degree of significance via the analytic hierarchy process. It is expected that the performance indicators and their computational processes derived in this study can be used to systematically measure the performance and aid the speedy diagnosis of private building construction sites.

A study on the economic performance measurement model of industrial safety design (산업안전디자인의 경제적 성과측정 모델 연구)

  • Jinho, Ahn
    • Journal of Service Research and Studies
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    • v.13 no.1
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    • pp.176-185
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    • 2023
  • This study is a study to develop a model to measure the economic performance when introducing industrial safety design, which is emerging as a necessity for industrial accident prevention measures due to the increase in the industrial site nursing accident rate and the enforcement of the Serious Accident Punishment Act. To this end, studies on the concept of industrial safety management and industrial safety design and economic performance measurement in the field of industrial safety were conducted in terms of theoretical background. Based on the theoretical background, opinions on drafts of related indicators were collected through user opinion surveys, and focus group interviews and Delphi techniques were conducted with experts, and research was conducted to advance the model. In order to secure objectivity, the causal relationship between the introduction of industrial safety design, cost reduction effect, and sales increase effect was tested through regression analysis. After going through these steps, two models of economic performance measurement of industrial safety design were finally developed: a model based on the first-stage disaster loss cost reduction effect and a second-stage sales increase effect. In order to be applied to actual industrial sites, it should be able to be presented as a standard for the degree of service level agreement of industrial safety design beyond a simple checklist.

Performance Evaluation and Economic Analysis for the Road Visibility Measurement System using the CCTV Camera (CCTV 카메라를 이용한 도로시정측정시스템의 성능평가 및 경제성 분석)

  • Kim, Bong-Keun;Lee, Gwang
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.1
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    • pp.385-392
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    • 2013
  • A key element of the fog warning system to prevent large traffic accidents is a visibility measurement device. Recently, the need for it that is similar to the human visual sense and cheap and accurate than expensive fog sensors is increasing. In this paper, we present the performance evaluation and the economic analysis of the Road Visibility Measurement System (RVMS), which is developed for measuring the road visibility through a CCTV camera. For experiments, we have installed a CCTV camera, a fog sensor, and visibility signs at the Yeo-ju Test Road on the Central Inland Expressway. We evaluated the measurements from RVMS and the fog sensor based on observations. The result shows RVMS outperforms the fog sensor with respect to measurement stability and correctness. We also show RVMS has higher economic feasibility and various applications. RVMS can prevent the traffic accidents caused by severe fog and enhance the process of the wide-area visibility information system significantly.

A Research on Economic Evaluation of Public Web Service (공공 웹 서비스의 경제성 평가에 관한 연구)

  • 박정선
    • The Journal of Society for e-Business Studies
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    • v.6 no.2
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    • pp.57-71
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    • 2001
  • This paper provides an economic evaluation model for public web services which are mainly operated by government agencies. Though there are various services, this paper focus on services for bottleneck problem solving and management information providing. This paper suggests quantitative and qualitative effects of public web services and evaluates them with I-NET users using e-mail surveys. This Paper mv provide a guideline for the future investment on public web services.

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Verification Model of the Feedwater Flow for the Calculation of Corrective Performance of Turbine Cycle (터빈 사이클의 보정 성능 계산을 위한 급수 유량의 검증 모델)

  • Kim, Seong-Kun;Yang, Hac-Jin;Lee, Kang-Hee;Choi, Kwang-Hee
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.24 no.6
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    • pp.538-544
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    • 2012
  • Analysis of thermal performance is required for the economic operation of turbine cycle of power plant. We developed corrective model of main feed water flow which is the most important parameter for the precise analysis of turbine cycle performance. Classification model for the identification of feed water flow measurement status was applied to increase the suitability of the corrective model. We used neural network and support vector machine to develop estimation model of main feed water flow with more generalization capability. The estimation model can be used practically to evaluate corrective performance of turbine cycle plant.