• Title/Summary/Keyword: Profitability Evaluation

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How Through-Process Optimization (TPO) Assists to Meet Product Quality

  • Klaus Jax;Yuyou Zhai;Wolfgang Oberaigner
    • Corrosion Science and Technology
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    • v.23 no.2
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    • pp.131-138
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    • 2024
  • This paper introduces Primetals Technologies' Through-Process Optimization (TPO) Services and Through-Process Quality Control (TPQC) System, which integrate domain knowledge, software, and automation expertise to assist steel producers in achieving operational excellence. TPQC collects high-resolution process and product data from the entire production route, providing visualizations and facilitating quality assurance. It also enables the application of artificial intelligence techniques to optimize processes, accelerate steel grade development, and enhance product quality. The main objective of TPO is to grow and digitize operational know-how, increase profitability, and better meet customer needs. The paper describes the contribution of these systems to achieving operational excellence, with a focus on quality assurance. Transparent and traceable production data is used for manual and automatic quality evaluation, resulting in product quality status and guiding the product disposition process. Deviation management is supported by rule-based and AI-based assistants, along with monitoring, alarming, and reporting functions ensuring early recognition of deviations. Embedded root cause proposals and their corrective and compensatory actions facilitate decision support to maintain product quality. Quality indicators and predictive quality models further enhance the efficiency of the quality assurance process. Utilizing the quality assurance software package, TPQC acts as a "one-truth" platform for product quality key players.

IT ROI Methodology Development and Application: A Case Study on Financial Company (IT ROI 방법론의 개발 및 적용: L 금융기업 사례를 중심으로)

  • Lee, Jung-Hoon;Park, Gi-Han;Oh, Bu-Yeon
    • Information Systems Review
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    • v.8 no.2
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    • pp.189-209
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    • 2006
  • Business expects that IT investment would maximize the effects, like availability, timeliness, rapidity of information, by practical using of information technology for a strategic goal. However, it is not clear yet that IT investment would increase business productivity and could create profitability in the end-the linkage between IT investment and business KPI(Key Performance Indicator). In this case study(only provides post-evaluation case), we suggested integrated IT ROI(Return On Investment) methodology with a consistent and integrated view, on the base of practical implementation at Korean financial company. Especially, we evaluated connection between IT and business strategy, made business-related IT KPI development methodology, suggested framework for sustainable IT evaluation and management.

An Empirical Study on the Evaluation of Supplier Selection Factors Using the AHP - Focused on the Stationery and Office Machine Suppliers - (계층분석과정을 이용한 공급업체 선정 요인별 중요도 평가에 관한 실증적 연구 - 사무용품 및 사무기기 공급업체를 대상으로 -)

  • Kim, Shin-Joong
    • Journal of the Korea Society of Computer and Information
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    • v.12 no.4
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    • pp.169-177
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    • 2007
  • Competitive international business environment has forced many firms to focus on supply chain management to cope with highly increasing competition. Hence the supplier selection is the most important decision of a company. Because it has a direct effect on cost reduction and quality, profitability and flexibility improvement of a company, so the right supplier selection significantly affect on the organization's efficiency and effectiveness and competitiveness. The primary research objects of this study is to evaluate an importance of supplier selection factors as an index and to present the evaluation model for supplier selection. For this purpose, this study adopts the AHP method to calculate the importance of supplier selection factors. In this study, 16 factors which affect on the supplier selection decision making are classified into three factors-product supply related factor, product related factor, management ability related factor.

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Indexation and Importance Evaluation of Farmers' Acceptance Factors for New Farming Technologies (농가의 영농 신기술 수용요인 지표화 및 중요도 평가)

  • Jeong, Yun Hee;Seo, Sangtaek
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.11
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    • pp.254-263
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    • 2020
  • This study developed indexes of farmers' acceptance factors for new farming technologies and evaluated the importance of the developed. For this study, farming technologies were classified according to the criteria established by the Rural Development Administration, and the Delphi technique was applied to evaluate the importance of the indexes. The indexes were composed of two tiers and evaluated by the analytic hierarchy process (AHP). Results showed that the importance of the first tier was finance and profitability with 43.9%, technology affairs 23.6%, labor environments 22.4%, and related industries and service system 10.1%. The importance of the second tier was the ease of technology acceptance 64.9% and technology completion 35.1% for technology affairs in the first tier, labor intensity 53.7%, work hazard 26.7%, working hours 19.6% for labor environment, farm income increment 69.9% and new fund required 30.1% for finance and profitability, and training and service system 66.7% and activation of related industries 33.7% for related industry and service system. This study may contribute to farmers' acceptance of new farming technologies and increase the efficiency and effectiveness of agricultural research and extension activities by the Rural Development Administration.

Economic Evaluation of Rare Earth Elements Contained in Coal Ash (석탄재에 포함된 희토류의 경제성 평가)

  • Kim, Youngjin;Kim, Seunghyun;Lee, Jaeryeong
    • Resources Recycling
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    • v.28 no.6
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    • pp.26-35
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    • 2019
  • This study aims to introduce and economical review on the possibilities of rare earth elements(REEs) recovery from coal ashes and the analysis of economical evaluation factors based on the data for securing domestic rare earth elements. The cut-off grade of REEs on recovering from coal ash was confirmed to be 1,000 ppm on total rare earth oxides(TREO) basis, and while the economic value of coal ash changed with contents and specific elements of rare earth elements. This shall be resulted in the price differences of rare earth elements required by the current industry, and it probably varies depending on the future demand of rare earth components. For developing of commercial recovery technology on REEs in coal ashes, many researches have been carried out by various analyzing methods, such as evaluation of holding value of REEs in ashes, assessment between supply and demand of industry, comparison of investment and its profitability for the REEs's production from coal ashes, and so on. Although these methods have been suggested, its recovery system with economical feasibility could not been confirmed up to present. In this reason, the process design of recovering REEs from coal ash shall be researched continuously to solve the problems of the global rare earth market. And also these researches shall be conducted actively in Korea for the purpose of securing the REEs resources and their recovering technologies.

Financial Status of Korean Ppuri Industry based on Credit Evaluation (2017-2019) (신용평가에 기반한 한국 뿌리기업 재무상황 (2017-2019))

  • Kim, Bo Kyung;Kim, Taek-Soo;Lee, Sangmok;Kim, Chang Kyung
    • Journal of Korea Foundry Society
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    • v.42 no.2
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    • pp.83-93
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    • 2022
  • Throughout this research course, we have analyzed the financial situation of more than 2,700 companies using credit evaluation disclosures from 2017 to 2019. The population was gathered based on the certification of Ppuri companies and Ppuri Expertise companies through the Korea National Ppuri Industry Center, accompanied by the NICE credit evaluation index. For the first time in Korea, we wanted to look at growth, profitability, and stability through financial analysis of the Ppuri industry. Through an indepth analysis, we identified operating income (rate), net income (rate), asset size, and debt ratio, along with three years of Ppuri company workers and total sales fluctuations, and looked at the financial structure per capita. In addition, financial status per person was compared by dividing Ppuri companies into six groups by employee size. Groups were 10 or fewer people, 11 to 20 people, 21 to 50 people, 51 to 200 people, 201-300 people, and 300 or more people; single individual companies were excluded for research convenience. Overall, the financial situation of Ppuri companies was judged to be in a very bad downturn, and financial indicators deteriorated over the course of the three years of investigation. In particular, the smaller the number of employees, the greater the financial fluctuations were and the worse the situations were. Among Ppuri companies, the casting industry, which is the technical starting point for the value chain of the industry, was found to also be in a very bad state, with continued workforce declines, total assets and sales reductions at severe levels, and operating income (rate) and net income (rate) also very poor. This is why we need a suitable and feasible policy direction, something that is difficult but must be allowed to develop.

Development of Predictive Model for Length of Stay(LOS) in Acute Stroke Patients using Artificial Intelligence (인공지능을 이용한 급성 뇌졸중 환자의 재원일수 예측모형 개발)

  • Choi, Byung Kwan;Ham, Seung Woo;Kim, Chok Hwan;Seo, Jung Sook;Park, Myung Hwa;Kang, Sung-Hong
    • Journal of Digital Convergence
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    • v.16 no.1
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    • pp.231-242
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    • 2018
  • The efficient management of the Length of Stay(LOS) is important in hospital. It is import to reduce medical cost for patients and increase profitability for hospitals. In order to efficiently manage LOS, it is necessary to develop an artificial intelligence-based prediction model that supports hospitals in benchmarking and reduction ways of LOS. In order to develop a predictive model of LOS for acute stroke patients, acute stroke patients were extracted from 2013 and 2014 discharge injury patient data. The data for analysis was classified as 60% for training and 40% for evaluation. In the model development, we used traditional regression technique such as multiple regression analysis method, artificial intelligence technique such as interactive decision tree, neural network technique, and ensemble technique which integrate all. Model evaluation used Root ASE (Absolute error) index. They were 23.7 by multiple regression, 23.7 by interactive decision tree, 22.7 by neural network and 22.7 by esemble technique. As a result of model evaluation, neural network technique which is artificial intelligence technique was found to be superior. Through this, the utility of artificial intelligence has been proved in the development of the prediction LOS model. In the future, it is necessary to continue research on how to utilize artificial intelligence techniques more effectively in the development of LOS prediction model.

A Study on the Risk Assessment for Strengthening Management Safety of Hydrogen Fueling Station (수소충전소의 경영안전성 강화를 위한 위험성평가 추가 항목 연구)

  • Lee, Jang Won;Kim, Chang Soo
    • Journal of the Society of Disaster Information
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    • v.18 no.3
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    • pp.520-531
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    • 2022
  • Purpose: Based on the risk evaluation of hydrogen fueling stations, this study aims to find a plan to strengthen management safety by examining profitability and management risk, which are major concerns of employers. Method: The risk evaluation was divided into 'acceptable risk' and 'allowable risk' over time from the stage of installation of hydrogen fueling stations, and compared and analyzed with the results of existing studies. Result: Existing studies have been appropriately applied to the risk assessment performed at the stage of installing hydrogen fueling stations. However, possible risks could be found at the operational stage. In other words, it was derived that an evaluation of management risk was also necessary. And through this, it was confirmed that the safety of hydrogen fueling stations was strengthened. Conclusion: The risk assessment that precedes the stage of installing hydrogen fueling stations is appropriate because significant results have been derived from the 'acceptable risk' assessment. However, the operator needs to evaluate the risks that may occur at the operating stage, that is, the 'allowable risks' and prepare countermeasures. Therefore, it is proposed to add management risk assessment items to build and operate safer hydrogen fueling stations.

Somatic Cells Count and Its Genetic Association with Milk Yield in Dairy Cattle Raised under Thai Tropical Environmental Conditions

  • Jattawa, D.;Koonawootrittriron, S.;Elzo, M.A.;Suwanasopee, T.
    • Asian-Australasian Journal of Animal Sciences
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    • v.25 no.9
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    • pp.1216-1222
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    • 2012
  • Somatic cells count (SCC), milk yield (MY) and pedigree information of 2,791 first lactation cows that calved between 1990 and 2010 on 259 Thai farms were used to estimate genetic parameters and trends for SCC and its genetic association with MY. The SCC were log-transformed (lnSCC) to make them normally distributed. An average information-restricted maximum likelihood procedure was used to estimate variance components. A bivariate animal model that considered herd-yr-season, calving age, and regression additive genetic group as fixed effects, and animal and residual as random effects was used for genetic evaluation. Heritability estimates were 0.12 (SE = 0.19) for lnSCC, and 0.31 (SE = 0.06) for MY. The genetic correlation estimate between lnSCC and MY was 0.26 (SE = 0.59). Mean yearly estimated breeding values during the last 20 years increased for SCC (49.02 cells/ml/yr, SE = 26.81 cells/ml/yr; p = 0.08), but not for MY (0.37 kg/yr, SE = 0.87 kg/yr; p = 0.68). Sire average breeding values for SCC and MY were higher than those of cows and dams (p<0.01). Heritability estimates for lnSCC and MY and their low but positive genetic correlation suggested that selection for low SCC may be feasible in this population as it is in other populations of dairy cows. Thus, selection for high MY and low SCC should be encouraged in Thai dairy improvement programs to increase profitability by improving both cow health and milk yield.

A Study on the Differences of Perception between Consumers and Providers about Nursing Service Quality, and the Usefulness of Tools Measuring Nursing Service Quality (간호서비스 질에 대한 지각차이 및 측정도구에 관한 연구)

  • Lee, Mi-Ae
    • Journal of Korean Academy of Nursing
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    • v.30 no.5
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    • pp.1121-1132
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    • 2000
  • Service quality is, unlike goods quality, an abstract and elusive term. However, quality is very important to marketers and consumers in that it has many strategic benefits in contributing to profitability of marketing activities and consumers' problem-solving activities. The main purpose of this study is 1) to explore the differences of perception between consumers and providers about nursing service quality. 2) to identify the useful tool between two tools measuring nursing service quality. To achieve these purposes of the study, the questionnaire was developed and distributed to 210 nurses who worked at seven subjected hospitals in Seoul. Also, 280 people who had a direct experience with the subjected hospital nursing services at the time of screening were involved. They were randomly selected at the seven subjected hospitals during August to September of 1998. Among them, 165 responses from nurses and 229 responses from others resulted in worthy finds. The measurement instrument for a nursing services quality evaluation was modified from the SERVQUAL model originated from Parasuraman, Zeithaml, and Berry (1988). The reliability coefficient of the scale was calculated and showed high degree of internal consistency (Cronbachs' Alpha = .9353). For data analysis, SPSS/PC was used for descriptive statistics, t-test, ANOVA and regression analysis. The results were as follows : 1) In the perception about nursing services quality, there were gap between consumers and providers. Especially the critical attributes in point of perception nursing services quality, naming satisfy, hygiene and performance factors, are very different contents. 2) In the comparison analysis of the usefulness tools it was turned out that SEVPERF model is more appropriate than SERVQUAL model. And in the analysis to identify the construct validity of the tool, it is turned out that the relationship between the constructing factors of the tool and the general satisfaction is significant.

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