• Geomechanics and Engineering
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• v.29 no.3
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• pp.369-376
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• 2022

Accurately evaluating and predicting the performance of facilities is a key task in establishing a maintenance strategy for facilities. The importance of performance evaluation is becoming more pronounced, especially when the aging of facilities requires a huge budget. In this study, performance assessment models were developed for road and railway tunnels. Delphi analysis was performed to identify sub-elements necessary to evaluate the performance of a tunnel. The relative importance of the evaluation factors was derived from the AHP analysis. The correlation analysis was performed between each assessment factor and the final result to verify the significance of the model. For the correlation analysis, the survey data measured through precision safety diagnosis in tunnels in use was applied. The cost effectiveness analysis was also conducted according to the scenarios with different composition of performance factors in order to improve the practical applicability of the evaluation model developed in this study.

• Journal of the Korean Operations Research and Management Science Society
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• v.40 no.1
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• pp.57-73
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• 2015

While many previous studies investigated the effect of operations performance on financial performance, most studies considered only a few performance indicators and ignored the characteristics of industries. Therefore, this study intends to analyze the effect of operations performance on financial performance, by selecting a rather comprehensive operations performance indicators from firms' financial data. In doing so, we used operating efficiency and supply chain performance indicators for operations performance and a firm's profitability and future value indicators for financial performance. For the analysis, we collected 544 firms' operations and financial performance data belonging to eight key industries from the 'Forbes Global 2000'. We first analysed the differences in operations and financial performance among high, medium and low supply chain performance groups based on the quantitative criteria of Gartner's 'Supply Chain Top 25' ranking procedure. Then we analysed the effect of operations performance indicators on financial performance for both entire industry and individual industries, using multiple regression. Based on the results, we provided practical insights into key operations performance indicators to focus on and manage in order to improve financial performance.

• Journal of Korean Society for Quality Management
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• v.50 no.1
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• pp.153-167
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• 2022

Purpose: The purpose of this study is to guide the operation managers who plan daily production of large mass-processing facility that services multi-customers with multi-product, small-batch item characteristics by providing the practical best production quantity and the inventory allowed to build. Methods: Close observation of a subcontract paint-shop operator captured the daily decision process which was reflected in the subcontractor-unique mathematical model and the system dynamics simulation model. Multiple simulations were run to find the practical best production quantity and the maximum allowable stock level of inventory that did not undermine the profit from practical best daily production. Actual data and a few constant values were obtained from the firm under study. Results: While the inventory holding cost for the customer-owned material harms the total profit of the subcontractor, the running cost of the processing facility hinders production in small batches. This balances the maximum possible productions and results in practical best daily production which can be found through simulation runs with actual data. The maximum level of stocked inventory is deduced from the practical best daily production. Conclusion: To build a large volume that enables economy-of-scale production, operators should deal with multi-product small-batch items from multiple customers. When the planned schedule of the time and amount of material in-flow tend not to be reliable, operators can find it practical to execute level production across the planning horizon instead of adjusting to day-to-day in-flow fluctuations.

• Korean Journal of Construction Engineering and Management
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• v.13 no.4
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• pp.110-119
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• 2012

Recently as the advent of knowledge-based competition, the major industrialized countries including Korea, are expanding their R&D investment and promoting policies for diffusing of R&D performance. For this, NASA, DoD and such agencies in the United States define Technology Readiness Level (TRL) as a quantified indicator for performance management, and also impose Technology Readiness Assessment (TRA) as a evaluation system, that evaluates technology maturity using TRL. These tools are judged to be very effective in R&D projects especially with the object of practical use. When this concept is applied to the domestic national construction and transportation R&D project for the purpose of practical use, it is expected that the evaluation system overcomes its weakness of focusing only on academic results and improves significantly on intent of achieving practical use. Thus in this study, TRL/TRA implementation model of construction and transportation R&D project for achieving purpose of practical use is presented through an analysis of TRL/TRA concept and domestic national construction and transportation R&D project's characteristics and current evaluation/management system.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.8
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• pp.541-552
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• 2021

The purpose of this research is to investigate the mediating role of performance information use in the relationship between result-oriented culture and organizational performance. The data were collected from chief accountants and managers working in public-sector organizations in Vietnam. The analysis was based on the 197 completed questionnaires by using Partial Least Squares Structural Equation Modeling (PLS-SEM). For the test research model and hypotheses, the supporting tool is SmartPLS 3 software. Research findings show that result-oriented culture is positively associated with organizational performance, and that performance information use is a mediating mechanism that explains how a result-oriented culture leads to higher performance in public organizations. The findings of this study suggest that the results-oriented culture, not only directly improves organizational performance, but also indirectly does so by the use of performance information. This study provides evidence for theoretical understanding of the impact of result-oriented culture on the performance of public-sector organizations through performance information use, and suggests practical implications for public organizations in applying result-oriented culture to foster using performance measurement and improve organizational performance. In order to achieve good performance, public-sector organizations need to create and spread result-oriented culture and enhance the use of performance information for decision-making.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.11a
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• pp.9-10
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• 2012

Efficient operation of construction equipment has become more and more important in the competitive construction environment. Accurate measurement of performance rate of construction equipment is a critical factor for a construction project planning. However, it might be quite difficult to measure the performance rate due to diverse practical limitations such as continuously variable performance rate of construction equipment, considerable indirect cost, large construction field, and so on. Therefore, the purpose of this paper is to propose an automatic algorithm that measures a performance rate of construction equipment with a multipurpose composite sensor. It is expected that the algorithm compiles database on construction equipment and in advance, facilitates efficient operation of construction equipment.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.26 no.8
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• pp.1164-1171
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• 2002

This study analyzed the dependence of part load performance of simple cycle gas turbines on their design performance. Various parametric calculations were carried out to examine effects of design temperature ratio, pressure ratio and component efficiencies using a simplified analysis. In addition, a more practical analysis was done for realistic design conditions with the aid of a comprehensive performance analysis program. The results show that gas turbines with higher design performance exhibit less efficiency degradation during part load operation. The influence of power control method (fuel only centre) and air flow control) on part load performance was examined as well.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.11
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• pp.1676-1681
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• 2012

In network-based control system, measurement and control information is delivered by the network messages. Therefore, the performance of control system is directly affected by the performance of network system. System engineers need to evaluate the performance of network system to maintain the entire system in stable condition. BACnet is an international standard data communication protocol especially designed for building automation and control systems. In this study, experimental performance evaluation methodologies of BACnet MS/TP protocol and their practical evaluation results are presented.

• Journal of Mechanical Science and Technology
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• v.15 no.9
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• pp.1292-1301
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• 2001

The mean-line method using empirical models is the most practical method of predicting off-design performance. To gain insight into the empirical models, the influence of empirical models on the performance prediction results is investigated. We found that, in the two-zone model, the secondary flow mass fraction has a considerable effect at high mass flow-rates on the performance prediction curves. In the TEIS model, the first element changes the slope of the performance curves as well as the stable operating range. The second element makes the performance curves move up and down as it increases or decreases. It is also discovered that the slip factor affects pressure ratio, but it has little effect on efficiency. Finally, this study reveals that the skin friction coefficient has significant effect on both the pressure ratio curve and the efficiency curve. These results show the limitations of the present empirical models, and more resonable empirical models are reeded.

• Journal of Information Technology Applications and Management
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• v.24 no.1
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• pp.63-79
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• 2017

This study is a subsequent research results of Lee and Hwang (2015) and presents results of the case in which an information system is developed and applied for the performance management scheme proposed by the early study. This study aims to provide the organizations that want to implement and apply an effective IS operational performance management scheme with the practical alternatives that they may consider. This study first summarize the major contents of the performance management scheme proposed by the early study. Then, the processes and detailed contents in which an information system is developed in order to operate and improve the performance management scheme. The specific contents provided by the study include the system development environments and methods, system architecture, and application structure. Finally, this study summarizes the major results of the study and suggests future research directions.