• Journal of the Korean Institute of Educational Facilities
• /
• v.12 no.5
• /
• pp.47-56
• /
• 2005

Reports on population movement(2000-2030) by the National Statistical Office show that the number of elementary school age population will be decreased by 1.4million from 2005 to 2020. It will effect both school size and the policies for school facilities, which have focused on downsizing class as the high standard of OECD nations. As the unfolding evidence is emerging that a number of schools and classes will be emptied out by 2030. This study aims at developing a model for evaluating the validity of school establishment, which would help more reasonable decision-making for new school construction and the class extension in the existing schools. It classifies two different ways in founding a new school - school establishment in a residential developing site and school establishment for solving a overcrowd class. It proposes the assesment items and the methods for evaluating its validity. In the end, it suggests an assesment model which the district educational offices can use in the course of planning the student accomodations to schools and making decisions for new school construction and the class extension in the existing schools. This study would be expected to help the reasonable expenditure for school facilities and to restrict overbuilding of surplus classes.

• Journal of the Korea Society of Computer and Information
• /
• v.8 no.1
• /
• pp.156-165
• /
• 2003

The purpose of this study is concerned with possibilistic decision making model (PDMM) that can be used to help CEO and information systems managers decide which information systems should be selected. The application of IT which has influence on rapidly changed environment of enterprise plays an important role in enterprise's activity. When enterprise outsource IT, it is very important to select vendors that reflect goals and constraints of organization. For this purpose, mathematical model in which possibilistic programming is applied is suggested in this study. Although many researches have conducted in conventional programming and stochastic programming. they are still limited in solving practical problems and imprecise/uncertain situations. Multiple decision making model in which impreciseness of input variable is considered can be constructed in PDMM.

• Korean Management Science Review
• /
• v.11 no.3
• /
• pp.153-167
• /
• 1994

Credibility theory has provided with a useful tool the assignment of weighting factor that reflects the credibility of the observed individual and collective experience to secure fair experience rate-,making. We review credibility models which can effectively estimate risk premiums using credibility theory, and suggest an empirical Bayed model based on the collective statistics to estimate the structural parameters. To illustrate the use of evolutionary models, the models are applied to the actual data, such as loss ratio, claim frequencies and severity, in the Korean automobile insurance. Also the possibilities of generalizations and applications of empirical models are discussed.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2001.10a
• /
• pp.101-105
• /
• 2001

This paper is to illustrate the possibility to use organizational knowledge and data warehouse simultaenously for a decision maker. Organizational knowledge is produced for qualitative decision-making process and data warehouse is used for quantitative decision-making process. However, two things are currently implemented separately in many organizations although being needed for decision makers. This research shows a model for building integrated system and a prototyping system based on the model. And its effectiveness is discussed.

• Journal of Korean Institute of Industrial Engineers
• /
• v.22 no.4
• /
• pp.677-687
• /
• 1996

We study simultaneous decision making model for a monopolistic or competitive supplier to decide inventory and pricing policies under capacity constraint. Economic implications are obtained from the optimality conditions such as production lot sizes, pricing schedules and so on. Sensitivity analysis gives us the optimal relations among the critical economic quantities.

• Korean Journal of Organic Agriculture
• /
• v.30 no.2
• /
• pp.231-239
• /
• 2022

The purpose of this study is to provide meaningful information for various stakeholders' decision-making process through forecasting of domestic beef demand. Three different exponential smoothing models were evaluated, and a double exponential smoothing model was used to forecast domestic beef demand based on time-series data, As a result of the forecast, domestic beef consumption is expected to increase by 37,000 to 40,000 tons per year from 2020 to 2025.

• Proceedings of the Korean Institute of Intelligent Systems Conference
• /
• 1993.06a
• /
• pp.1074-1077
• /
• 1993

The objective of this paper is to develop a fuzzy logic based decision-making system to detect low current faults using multiple detection algorithms. This fuzzy system utilizes a fuzzy expert model which executes an operation without complicated mathematical models. This fuzzy system decides the performance weights of the detection algorithms. The weights and the turnouts of the detection algorithms discriminate faults from normal events. This system can also be a generic group decision-making tool for other areas of power system protection.

• Journal of Korea Port Economic Association
• /
• v.40 no.1
• /
• pp.151-163
• /
• 2024

This study sought to confirm the impact of analytical methods and behavioral economic theory factors on decision-making when making chartering decisions in the dry bulk shipping market. This study on chartering decision-making model was began to verify why shipping companies do not make rational decision-making and behavior based on analytical methods such as freight prediction and process of alternative selection in the same market situation. To understand the chartering decision-making model, it is necessary to study the impact of behavioral economic theory such as heuristics, loss aversion, and herding behavior on chartering decision-making. Through AHP analysis, the importance of the method factors relied upon in chartering decision-making. The dependence of the top factors in chartering decision-making was in the following order: market factors, heuristics, internal factors, herding behavior, and loss aversion. Market factors, heuristics, and internal factors. As for detailed factors, spot freight index and empirical intuition were confirmed as the most important factors relied on when making decisions. It was confirmed that empirical intuition is more important than internal analysis, which is an analytical method. This study can be said to be meaningful in that it academically researched and proved the bounded rationality of humans, which cannot be fully rational, and sometimes relies on experience or psychological tendencies, by applying it to the chartering decision-making model in the dry bulk shipping market. It also suggests that in the dry bulk shipping market, which is uncertain and has a high risk of loss due to decision-making, the experience and insight of decision makers have a very important impact on the performance and business profits of the operation part of shipping companies. Even though chartering are a decision-making field that requires judgment and intuition based on heuristics, decision-makers need to be aware of this decision-making model in order to reduce repeated mistakes of deciding contrary to market situation. It also suggests that there is a need to internally research analytical methods and procedures that can complement heuristics such as empirical intuition.

• Journal of Distribution Science
• /
• v.11 no.3
• /
• pp.13-22
• /
• 2013

Purpose - Product purpose for optimal values solution for synthesize evaluative criteria and optimize product design values. In addition, product designer has to consider the product design to conform to project, laws and regulations, authentication, from the product design stage. Research design, data, methodology - How to use an evaluative criteria model's imprecise market data by evaluative criteria research design; product mapping relationships between design parameters and customer requirements using product predicted value method. An evaluative criteria model and their associated criteria status, product evaluative criteria model of results. Results - Therefore, after the enterprise product design project analysis, effectiveness and the customer degree of satisfaction must be appraised to obtain the maximum value for the benefit on behalf of the implementation goals, the promotion product level and market competition strength. Conclusions - In multi criterion decision making (MCDM), using its searching software capacity to obtain the optimal solution.

• Architectural research
• /
• v.13 no.3
• /
• pp.49-56
• /
• 2011

Competitive bidding in construction is concerned with contractors making strategic decisions in respect of determination of bid price if contractors opt to bid. This study presents a strategy model for deciding optimum tender price with reflecting appropriate profit in competitive bidding using Bayesian regression analysis (BRA). The purpose of the developed model is to help contractors to secure suitable profitability by predicting the actual profit based on key variables. They may affect construction cost at bidding phase, ultimately which help contractors to secure high quality output. The model was tested empirically by application to a bidding dataset collected from a large South Korea contractor. BRA allows contractors to estimate more accurate actual profit by reflecting not only objective information but also subjective experiences and judgments. Consequently, the model can contribute to improvement of decision-making process for setting an optimum tender price.