• Proceedings of the KSRS Conference
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• 2003.11a
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• pp.310-312
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• 2003

This paper discusses a GIS based decision support system that provides functions of prospect screening and evaluation in both technical aspects (Volume, structure, trap, reservoir and charge, etc.) and economic aspects (Net present value, Profit / investment Ratio, etc.). The decision support system has been tested in a virtual offshore exploration prospect to facilitate and improve the decision making process. The study represents a test bed for decision makers at all levels to establish prospect screening and evaluation guidelines that may be applicable to other related prospect investment issues.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1991.10a
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• pp.441-441
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• 1991

• Journal of Korean Society of Industrial and Systems Engineering
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• v.34 no.2
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• pp.68-75
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• 2011

The purpose of this paper is to suggest a supplier and buyer's pricing decision strategy model with discount-policy over a long-term replenishment contract in a supply chain environment by small and medium size manufacturing company. We assume that the buyer has a superior economic power over a supplier and each agent in a supply chain is unaware of each other. The supplier proposes pricing decision strategy to induce the buyer to choose the terms of contract for the benefit of the supplier. Then buyer decides the terms of contract to maximize her profit considering supplier's discount-policy. We also present a numerical example to illustrate the efficiency of pricing decision strategy.

• Journal of Biosystems Engineering
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• v.25 no.5
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• pp.391-398
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• 2000

This study was performed to analyze the holding pace and decision factors of tractor in Korea and Japan, which probably should be used for making master plan of agricultural mechanization. The logistic function is used for holding pace estimation of tractor, and log-log function for analysis of decision factors. The results of this study are as follows: First, the increasing rate of the total amount of holding tractor power in Korea has been over that in Japan during 1980∼、94 which is now, however, under Japan. So, it could be forecasted that the per tractor holding power in Japan will increase continuously, and will be over 30PS in the short run. Second, the most important one of decision factors to support tractor demand is agricultural income in Korea, but on the other hand Non-Agricultural Income in Japan. From these, the fast increase of total amount of holding power of tractor in Korea could not expected, because Korea Agriculture has some difficulties to increase Agricultural Income. There are differences on the holding pace and decision factors of tractor between Korea and Japan, therefore, the plan of agricultural mechanization should be made in accordance with self-features.

• Journal of Korean Society of Water and Wastewater
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• v.35 no.6
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• pp.517-531
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• 2021

The water supply facilities of Korea have achieved a rapid growth, along with the other social infrastructures consisting a city, due to the phenomenon of urbanization according to economic development. Meanwhile, the level of water supply service demanded by consumer is also steadily getting higher in keeping with economic growth. However, as an adverse effect of rapid growth, the quantity of aged water supply pipes are increasing rapidly, Bursts caused by pipe aging brought about an enormous economic loss of about 6,161 billion won as of 2019. These problems are not only worsening water supply management, also increasing the regional gap in water supply services. The purpose of this study is to classify hazard evaluation indicators and to rank the water distribution network hazard by cluster using the TOPSIS method. In conclusion, in this study, the entropy-based multi-criteria decision-making methods was applied to rank the hazard management of the water distribution network, and the hazard management ranking for each cluster according to the water supply conditions of the county-level municipalities was determined according to the evaluation indicators of water outage, water leakage, and pipe aging. As such, the hazard ranking method proposed in this study can consider various factors that can impede the tap water supply service in the water distribution network from a macroscopic point of view, and it can be reflected in evaluating the degree of hazard management of the water distribution network from a preventive point of view. Also, it can be utilized in the implementation of the maintenance plan and water distribution network management project considering the equity of water supply service and the stability of service supply.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.16 no.27
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• pp.113-119
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• 1993

The purpose of this study is to develop a analytic procedure of the alternatives for the FMS that consist of high-priced facilities. A procedure to analysis the alternatives are as follows. Stage one is procedure to appraise investment alternatives of FMS and devide factors into strategic, analytic, economic viewpoint and draw upon decision making matrix through normalization Stage two is appraise to normalized alternatives using TOPSIS model among multiple attributes decision making models.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.17 no.31
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• pp.73-80
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• 1994

Sequentiality in decision making is an inherent characteristic of the R&D Process, Conceptual changes are noted during the Course of the Project which represent a continuous improvement in the quality of the data available during the various project stages. In this paper, Eight characteristic types of project evaluation models have been developed economic index models, portfolio models, decision theory models, risk analysis models, frontier models, scoring models, profile models and checklists. Each of these will be critically reviewed and appraised.

• IE interfaces
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• v.24 no.4
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• pp.408-419
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• 2011

R&D is a foundation for new business chance and productivity improvement leading to enormous expense and a long-term multi-step process. During the R&D process, decision-makers are confused due to the various future uncertainties that influence economic and technical success of the R&D projects. For these reasons, several decision-making models for R&D project investment have been suggested; they are based on traditional methods such as Discounted Cash Flow (DCF), Decision Tree Analysis (DTA) and Real Option Analysis (ROA) or some fusion forms of the traditional methods. However, almost of the models have constraints in practical use owing to limits on application, procedural complexity and incomplete reflection of the uncertainties. In this study, to make the constraints minimized, we propose a new model named Real Option Decision Tree Model which is a conceptual combination form of ROA and DTA. With this model, it is possible for the decision-makers to simulate the project value applying the uncertainties onto the decision making nodes.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.698-701
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• 2006

Various improvement methods to treat settlement and stability of structures on soft foundation, that is now continuously introduced after being scrutinized. Therefore, it is very important to select the most suitable method among these various ones. In this study, quantifying the importance of effective factors when making decision, inducing priority and significance weight, systematic standard is proposed for technical, economic factor in making selection of soft foundation improvement method.

• Architectural research
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• v.23 no.4
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• pp.67-73
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• 2021

An efficient demolition process requires the optimum method selection considering stability, economic feasibility, environment, and workability. In reality the construction cost and period are priority concerns, and safe construction methods are neglected. In addition, the choosing demolition method is often determined subjectively by experienced field engineers. This research paper presents a multi-criteria decision-making method using Technique for Order Preference by Similarity to Ideal Solution (TOPSIS) to select the optimum demolition method. Three experienced demolition engineers' opinions were used to develop the TOPSIS model. The case study showed that the preferences of ten attribute measurements for demolition method selection. Authors suggested the most preferable demolition method for the case study project.