• Industrial Engineering and Management Systems
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• v.16 no.1
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• pp.118-128
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• 2017

Uncertain factors in finical markets make the prediction of future returns and risk of asset much difficult. In this paper, a model,assuming the admissible errors on expected returns and risks of assets, assisted in the multiperiod mean variance portfolio selection problem is built. The model considers transaction costs, upper bound on borrowing risk-free asset constraints, cardinality constraints and threshold constraints. Cardinality constraints limit the number of assets to be held in an efficient portfolio. At the same time, threshold constraints limit the amount of capital to be invested in each stock and prevent very small investments in any stock. Because of these limitations, the proposed model is a mix integer dynamic optimization problem with path dependence. The forward dynamic programming method is designed to obtain the optimal portfolio strategy. Finally, to evaluate the model, our result of a meaning example is compared to the terminal wealth under different constraints.

• Health Policy and Management
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• v.28 no.2
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• pp.105-106
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• 2018

Korea, which entered the aged society in 2018, is accelerating the progress of the aged society due to the rapid decrease in birth. Although the low birth rate is the important issue, comprehensive measures to cope with the aged society should be established. In particular, the reform of the healthcare system in response to the aged society is very urgent. The reorganization of the healthcare system in response to the aged society should focus on improving the functional abilities of the elderly and should be transformed into integrated older person-centered health service. The benefit package of National Health Insurance should be diversified and appropriate payment of each benefit package should be applied. The ageism should be overcame, and it is important to recognize that the measures for the older person are investments in future society. The reform of healthcare system for older person are very urgent in Korea, which is advancing into a rapidly aged society.

• Proceedings of the Technology Innovation Conference
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• 2002.06a
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• pp.125-139
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• 2002

This paper addresses the issue of increasing the effectiveness of national IT R&D planning through the adoption of the technology roadmapping process. As a needs-driven technology Planning tool, technology roadmapping can help identify and select technology alternatives to meet a set of market needs. Thus, it allows increasingly limited R&D investments to be used more efficiently. From this point of view, the Ministry of Information and Communication is considering introducing technology roadmapping to support its annual technology planning activity. In this contribution we explore how a technology roadmap could be integrated into IT technology planning and suggest some guidelines to successful technology roadmapping, on the basis of literature review, case survey and our experience, for organizations due to employ the roadmapping process in the future.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.13
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• pp.283-302
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• 2000

The firms aim to acquire services and costs advantage from logistics outsourcing strategy. But it is very important to select optimum service provider. A checklist of the criteria for the evaluation of service providers follows : service quality, low cost, logistics information system, service network, financial stability, investments in plant and equipment, management attitude and lookout for the future strategic fit, cultural and psychological barriers etc. Also, a 8-step implement of logistics outsourcing strategy will be of help for maximizing benefits of logistics outsourcing. It follows : 1-step : logistics environment analysis, 2-step : check service provider availability, 3-step : logistics outsourcing determinant analysis, 4-step : select of optimum service provider, 5-step : contract with optimum service provider, 6-step : identify of remaining barriers, 7-step : performance of logistics outsourcing, 8-step : evaluation.

• Journal of Korean Society for Quality Management
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• v.19 no.1
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• pp.170-187
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• 1991

Investments in factory automation do not guarantee productivity enhancement. Much unknown losses may exist in all aspects of production resources such as in material, manpower, machine, etc. Total productivity in korean firms has decreased in recent years. Labor and capital productivity index fall to 0.82 point and 0.73 point, respectively. Investment in FA has Increased rapidly. Tangible fixed assets per capita increased 64% during the past Three years. But, this high-technology oriented systems such as NC, robotics, CAD/CAM, FMS, etc. are often out of keeping with the old production process control, and thus do not result in satisfactory performance. This review paper concerned with these problems and suggests some future directions for production control and development strategy of korean firm's.

• Journal of Information Technology Applications and Management
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• v.24 no.4
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• pp.133-152
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• 2017

Smart factory has been regarded as a big opportunity for manufacturing industries. However, little literature has been studied for the current status of Korean smart factory. Our paper tries to find gaps between research and real world by summarizing the recent literature and cases in Korean context. As the present level of smart factory introductions in Korean small manufacturing firms is lower than what a variety of literature says, our study points out that more efforts, investments and government support are required to catch up with the knowhow and technologies of developed countries although real-time control, enhanced productivity have been obtained. In future research, we will continue the smart factory study with the accumulated real data.

• 연구논문집
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• s.28
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• pp.239-246
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• 1998

Today’s information technology departments face a dilemma to create a competitive advantage for the organization by developing. deploying, and managing distributed applications that scale across the LAN, WAN, and Internet, while preserving investments in systems. Applications, information. IT organizations are today being asked to build the future, without breaking systems that maintain the current business. A possible answer to this dilemma is the implementation of a multi-tier distributed computing architecture. Multi-tier architecture has the potential to provide better, more timely information across the enterprise at a lower cost than the current combination of PC LAN, two-tier client/server, or mainframe applications that have been developed in most organizations. In this paper, we implement management information system based on distributed object middleware using multi-tier distributed computing architecture. This system uses Microsoft's implementation of DCOM/ActiveX and provides easily accessible web interface to the system users.

• International Journal of Reliability and Applications
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• v.8 no.2
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• pp.183-197
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• 2007

There is a growing trend for asset intensive industries to outsource maintenance services of their complex assets since outsourcing through service contract reduces upfront investments in infrastructure, expertise and specialised maintenance facilities. Estimation of costs for such contracts is complex and it is important to the user and the service providers for economic variability. The service provider's profit is influenced by many factors such as the terms of the contract, reliability of asset, and the servicing strategies, costs of resources needed to carryout maintenance. There is a need to develop mathematical models for understanding future costs to build it into the contract price. Three policies for service contracts are proposed in this paper considering the concepts of outsourcing maintenance service of assets to the service providers. Conceptual models are developed for estimating servicing costs of outsourcing through service contracts by considering time dependent failure mode.

• Korean System Dynamics Review
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• v.11 no.4
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• pp.61-76
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• 2010

The purpose of this paper is to review relationship between social integration and social capital in the residential redevelopment districts based on the system thinking perspective using causal loop analysis. The results are as follows. First, social exclusion phenomena brings about relative deprivation for rental housing occupants feeling left out and close by area residents. This acts as a motive triggering antisocial activities for the rental housing occupants. Second, rental housing and housing for installment should be mix-developed to improve social exclusion phenomenon issues. Third, increase of creating work program in the relationship between residential redevelopment districts and social capital boosts employments, individual earnings, and local area investments. The conclusion provides some research implications and future research direction.

• Korean Journal of Agricultural and Forest Meteorology
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• v.4 no.3
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• pp.175-196
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• 2002

The increase of meteorological uncertainty and unstable fluctuation of its behavior due to the global warming affect the temporal variation and spatial distribution of water resources and water use patterns in agriculture. There have been steady efforts to understand hydrological components and deal with such water related problems. This paper reviews firstly, the future effect of water resources due to climate changes, secondly, recent progress for precipitation, evapotranspiration, soil moisture, and thirdly, GIS/RS based integrated information systems conducted by both researchers and government ministries. There should be continuous studies and investments to cope with climate changes, and to accomplish sustainable development with the help of agricultural water resources. Some research topics were suggested to attempt with substantial contents considering our present capability and situation.