• Title/Summary/Keyword: Performance Measure Index

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A Study on the Performance of Quality Small-Group Activity (품질소집단 활동의 성과에 관한 연구)

  • Chung, Young-Bae;Kim, Yon-Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.4
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    • pp.42-48
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    • 2011
  • This paper proposes performance measurement method of quality small-group activity in business. This paper collects and analyzes quality circle activities data respect to tangible and intangible effect in national quality circles competitions festival. This paper proposes QPI (quality-circle performance index) based on Balanced Scorecard for quality small-group activity in quality improvement area. QPI is to measure the performance of quality improvement activities in the business firms. QPI is able to use widely in industries to provide a performance measure of quality small-group activity. In this paper, we propose the application method of QPl.

A study on Process Capabilit Index using Semi-Variance

  • DaeKyung Kim
    • Communications for Statistical Applications and Methods
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    • v.6 no.1
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    • pp.77-88
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    • 1999
  • A new measure of the process capability index(PCI) $\textit{C}_{cpk}$ is proposed that takes into account the proximity to the target value as well as process mean and process variation when we assessing process performance. using the semivariance estimators proposed by Choobineh and Branting (1986) and Josephy and Aczel (1993) the estimator($\textit{C}_{cpk}$) of new index has been solved and the properties of these estimators have been examined through simulations. Also we compare the performance between $\textit{C}_{cpk}$ and $\textit{C}_{jpk}$ which is developed by Johnson kotz and Pearn(1992).

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Pitching grade index in Korean pro-baseball (한국프로야구에서의 투수평가지표)

  • Lee, Jang Taek
    • Journal of the Korean Data and Information Science Society
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    • v.25 no.3
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    • pp.485-492
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    • 2014
  • In baseball, the traditional measure of pitchers are wins and ERA. But these statistics are influenced by luck or team power. So sabermetrician proposes a number of indicators that predict future performance. We determine a new measure, which we call pitching grade index (PGI) that efficiently summarizes a pitcher's performance on a numerical scale using principal components analysis. The PGI statistic can often be useful to assessing a pitcher's individual contribution. Also K-means clustering algorithm are used for segmentation of players into groups.

A HYPOTHESIS TESTING PROCEDURE OF ASSESSMENT FOR THE LIFETIME PERFORMANCE INDEX UNDER A GENERAL CLASS OF INVERSE EXPONENTIATED DISTRIBUTIONS WITH PROGRESSIVE TYPE I INTERVAL CENSORING

  • KAYAL, TANMAY;TRIPATHI, YOGESH MANI;WU, SHU-FEI
    • Journal of applied mathematics & informatics
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    • v.37 no.1_2
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    • pp.105-121
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    • 2019
  • One of the main objective of manufacturing industries is to assess the capability performance of different processes. In this paper, we use the lifetime performance index $C_L$ as a criterion to measure larger-the-better type quality characteristic for evaluating the product performance. The lifetimes of products are assumed to follow a general class of inverted exponentiated distributions. We use maximum likelihood estimator to estimate the lifetime performance index under the assumption that data are progressive type I interval censored. We also obtain asymptotic distribution of this estimator. Based on this estimator, a new hypothesis testing procedure is developed with respect to a given lower specification limit. Finally, two numerical examples are discussed in support of the proposed testing procedure.

Weighting of Acute Myocardial Infarction Quality Indicators using Delphi Method (델파이기법을 이용한 급성심근경색증 질 평가지표 가중치 부여)

  • Kim, Hyung Seon;Cho, Yeon Hee
    • Journal of Korean Public Health Nursing
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    • v.28 no.3
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    • pp.565-573
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    • 2014
  • Purpose: Health Insurance Review & Assessment Service (HIRA) launched an Acute Myocardial Infarction(AMI) assessment for the Payment For Performance(Quality Incentives) Pilot Project from July 2007. Assessment measures of AMI were composed of five process measures and one outcome measure, and each measure was incorporated into one composite quality score to Pay for Performance. Method: For calculation of composite quality score, we considered weighting for the measures using the Delphi method. The questionnaire was composed of three measure groups, 'Reperfusion rate'(Fibrolytic therapy received within 60 minutes of hospital arrival, Primary Percutaneous Coronary Intervention within 120 minutes of hospital arrival), 'Medication prescription rate'(Aspirin at arrival, Aspirin prescribed at discharge, Beta-blocker prescribed at discharge) and 'Survival Index'(30-day mortality rate). Result: A panel composed of 18 and completed a questionnaire by allocation of 10 scores to the three above mentioned measure groups. The Delphi was carried out until three rounds of surveys. In conclusion, each measure group was weighted differently and the 10 scores were allocated as 4.5 to 'Reperfusion rate', 2.5 to 'Medication prescription rate', and 3.0 to 'Survival Index'. Conclusion: The results of this study proposed the calculation method for weighting of Acute Myocardial Infarction quality indicators.

Study of Seismic Resistance Performance Evaluation Method for Existing Mid-Low Story RC Structure Buildings by Applying Fuzzy Theory (퍼지이론을 적용한 기존 중저층 철근콘크리트 건축물의 내진성능평가기법 연구)

  • Kim, Dong-Hee;Kim, Hyun-Su
    • Journal of Korean Association for Spatial Structures
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    • v.17 no.2
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    • pp.53-62
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    • 2017
  • This study aims to establish a seismic resistance performance evaluation method that makes sure to secure the seismic resistance performance of the existing mid-low story reinforced concrete structures. This study focuses on the development of the seismic resistance performance evaluation method for the overall seismic resistance performance evaluation on the buildings by applying fuzzy theory. This seismic resistance performance evaluation method considers the mutual relations among the type of force, the type of member, the type of story, and the states of deterioration of the buildings. The total seismic resistance performance index from this method was calculated by the intensity weight of each evaluation item, fuzzy measure, fuzzy integration. Moreover, the evaluation methodology was established in this study to identify the performance level of the Immediate Occupancy, Life Safe, Collapse Prevention by applying the fuzzy theory.

A Comparative Study on Reliability Index and Target Performance Measure Based Probabilistic Structural Design Optimizations (신뢰도지수와 목표성능치에 기반한 확률론적 구조설계 최적화기법에 대한 비교연구)

  • 양영순;이재옥
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 2000.10a
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    • pp.32-39
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    • 2000
  • Probabilistic structural design optimization, which is characterized by the so-called probabilistic. constraints which introduce permissible probability of violation, is preferred to deterministic design optimization since unpredictable inherent uncertainties and randomness in structural and environmental properties are to be taken quantitatively into account by probabilistic design optimization. In this paper, the well-known reliability index based MPFP(Most Probable Failure Point) search approach and the newly introduced target performance measure based MPTP(Minimum Performance Target Point) search approach are summarized and compared. The present comparison focuses on the number of iterations required for the estimation of probabilistic constraints and a technique for improvement which removes exhaustive iterations is presented as well. A 10 bar truss problem is examined for this.

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Performance Analysis of Similarity Reflecting Jaccard Index for Solving Data Sparsity in Collaborative Filtering (협력필터링의 데이터 희소성 해결을 위한 자카드 지수 반영의 유사도 성능 분석)

  • Lee, Soojung
    • The Journal of Korean Association of Computer Education
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    • v.19 no.4
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    • pp.59-66
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    • 2016
  • It has been studied to reflect the number of co-rated items for solving data sparsity problem in collaborative filtering systems. A well-known method of Jaccard index allowed performance improvement, when combined with previous similarity measures. However, the degree of performance improvement when combined with existing similarity measures in various data environments are seldom analyzed, which is the objective of this study. Jaccard index as a sole similarity measure yielded much higher prediction quality than traditional measures and very high recommendation quality in a sparse dataset. In general, previous similarity measures combined with Jaccard index improved performance regardless of dataset characteristics. Especially, cosine similarity achieved the highest improvement in sparse datasets, while similarity of Mean Squared Difference degraded prediction quality in denser sets. Therefore, one needs to consider characteristics of data environment and similarity measures before combining Jaccard index for similarity use.

A Study of the Influence of Choice of Record Fields on Retrieval Performance in the Bibliographic Database (서지 데이터베이스에서의 레코드 필드 선택이 검색 성능에 미치는 영향에 관한 연구)

  • Heesop Kim
    • Journal of the Korean Society for Library and Information Science
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    • v.35 no.4
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    • pp.97-122
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    • 2001
  • This empirical study investigated the effect of choice of record field(s) upon which to search on retrieval performance for a large operational bibliographic database. The query terms used in the study were identified algorithmically from each target set in four different ways: (1) controlled terms derived from index term frequency weights, (2) uncontrolled terms derived from index term frequency weights. (3) controlled terms derived from inverse document frequency weights, and (4) uncontrolled terms based on universe document frequency weights. Su potable choices of record field were recognised. Using INSPEC terminology, these were the fields: (1) Abstract. (2) 'Anywhere'(i.e., ail fields). (3) Descriptors. (4) Identifiers, (5) 'Subject'(i.e., 'Descriptors' plus Identifiers'). and (6) Title. The study was undertaken in an operational web-based IR environment using the INSPEC bibliographic database. The retrieval performances were evaluated using D measure (bivariate in Recall and Precision). The main findings were that: (1) there exist significant differences in search performance arising from choice of field, using 'mean performance measure' as the criterion statistic; (2) the rankings of field-choices for each of these performance measures is sensitive to the choice of query : and (3) the optimal choice of field for the D-measure is Title.

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Association of Mutual Fund Risk Measures and Return Parameters: A Juxtapose of Ranking for Performance in Pakistan

  • KHURRAM, Muhammad Usman;HAMID, Kashif;JAVEED, Sohail Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.25-39
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    • 2021
  • This purpose of this study is to investigate the association among mutual funds (MFs) risk measures and return parameters, evaluate mutual fund performance and also explore the best appropriate mutual fund performance measure for investment in Pakistan. Therefore, thirty-five mutual funds have been selected for the period 2007-2015. The Sharpe, Treynor, Jensen Alpha, Information ratio and Fama's Net Selectivity measures has been used to analyze MF performance. Our study findings show significant positive relation exist between Sharpe and Jenson alpha & information ratio (IR); Treynor ratio is negatively correlated to Jenson alpha and Jenson alpha is positively allied with IR. Moreover, association among performance measures, Fama's net selectivity is a major driver in leading to other measures but Sharpe and IR lead to Treynor ratio as well. Furthermore, performance measures are ranked in accordance standard deviation with the arrangement of Fama's net selectivity at top, Jenson Alpha at second, Sharpe ratio at third, IR at fourth and Treynor ratio at fifth position according to risk parameters in Pakistan. Overall, Jensen Alpha measure appears to be the best suitable mutual fund performance measure in Pakistan due to its practical nature. Finally, the Pakistani stock market index KSE100 (as benchmark) performs better than MF industry of Pakistan.