• Title/Summary/Keyword: Resource Theory

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CONSTRUCTION PRICE FORMATION: A THEORETICAL FRAMEWORK

  • Alexander Soo;Bee Lan Oo
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.241-248
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    • 2011
  • Past theories on construction price formation have been shown to be inadequate in terms of their ability to represent real-life industry practice and price formation predictability. In this paper, we develop a theoretical framework on construction price formation that integrates four theories within the domains of marketing, learning, resource management and economics. These are: (i) marketing pricing theory; (ii) experiential and organisational learning theory; (iii) resourced based theory and (iv) microeconomic theory. Utilising pricing theory from marketing, a foundation is able to be created for the procedure of construction price formation, namely: (i) identifying the objectives; (ii) assessing the tendering environment; and (iii) formation of the price. However, understanding contractors' decision making process in tender pricing as such can be attributed to theories of experiential learning and consequently organisational learning. It is argued that contractors do learn from past experience and history and are able to adapt to different market conditions. In formation of the price, neoclassical microeconomics is able to provide additional insight in terms of the supply and demand model and consideration of the market conditions. Interrelated with the microeconomic concept of scarcity, we appreciate that contractors do have limited resources that affect their tender pricing decisions and resource based theory is used to substantiate this. Integrating the various theories as a unity allows the broader reality to be visualised and add to our theoretical understanding of construction price formation.

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Resource Transfers with Parents and the Childbearing Intention Among Women in the Early Stage of Marriage (신혼기 기혼여성과 부모 간의 자원이전과 출산의향)

  • Kim, Juhee;Koh, Sun-Kang
    • Journal of Family Resource Management and Policy Review
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    • v.19 no.2
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    • pp.27-49
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    • 2015
  • The purpose of this study is to identify poorly understood factors related to the recent rapid decline in fertility in Korean society. Along with Becker's child demand theory, personal psychological traits, such as independence, nurturance, and affiliation, were given special attention in this study. We examine the processes of resource transfers between married women and their parents on childbearing intention in order to verify the effects of both factors. Five hundred and seventy-six women in their early stage of marriage from the 2009 wave of the National Survey of Marriage and Childbirth were analyzed. Main results of the study are as follows. First, Becker's child demand theory is not supported. Instead, the women who were not given economic support from their parents in getting a residence at the time of their wedding turned out to be more willing to have a child, potentially because they were more independent. Second, the women who provided caretaking and emotional support to their parents had higher childbearing intentions, potentially because they were more nurturing. In conclusion, these personal psychological variables are important in understanding the childbearing behavior of women. We suggest that the government should pay more attention to the micro-personal factors raised in this study when executing policies to reverse the current trend of low fertility.

Short Term Spectrum Trading in Future LTE Based Cognitive Radio Systems

  • Singh, Hiran Kumar;Kumar, Dhananjay;Srilakshmi, R.
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.9 no.1
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    • pp.34-49
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    • 2015
  • Market means of spectrum trading have been utilized as a vital method of spectrum sharing and access in future cognitive radio system. In this paper, we consider the spectrum trading with multiple primary carrier providers (PCP) leasing the spectrum to multiple secondary carrier providers (SCP) for a short period of time. Several factors including the price of the resource, duration of leasing, and the spectrum quality guides the proposed model. We formulate three trading policies based on the game theory for dynamic spectrum access in a LTE based cognitive radio system (CRS). In the first, we consider utility function based resource sharing (UFRS) without any knowledge of past transaction. In the second policy, each SCP deals with PCP using a non-cooperative resource sharing (NCRS) method which employs optimal strategy based on reinforcement learning. In variation of second policy, third policy adopts a Nash bargaining while incorporating a recommendation entity in resource sharing (RERS). The simulation results suggest overall increase in throughput while maintaining higher spectrum efficiency and fairness.

A Study on the Marital Power processes Perceived by Korean Urban Husbands (한국도시 남편이 지각한 부부권력 과정에 관한 연구-권력자원과 권력 과정을 중심으 로-)

  • 이정연
    • Journal of Families and Better Life
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    • v.9 no.2
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    • pp.267-284
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    • 1991
  • The Purpose of this study is to explain marital power processes perceived by Korean urban husbands. To do the task, this study examined the possibility of classifying the power processes and the effect of resources by using resource theory and normative resource theory . The main results were as follows. 1) Power precesses are classified into five factors, such as, 'induction'. 'isolation' quarreling' 'carelessness' and 'withdrawal of love'. Induction, which makes control attempts by using verbal, indirect communication strategies, is proved to be the most factor. 2) Power resource variables are proved to be significant in their effects on the power processes. That is, objective are proved to be significant in their effects on the power processes. That is , objective resources are influencing on 'induction' and 'isolation' behavior and subjective variables are influencing on the other control attempts, Thus, it is found that including subjective variables as well as objective ones is very important. Above all, that the concept of the centrality of patriarchy is supported to be an appropriate concept for the study on the marital power processes i8s a fruitful result in research. But the variances explained by resource variables are relatively small. It is suggested. therefore, further study should include more significant subjective resource variables.

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CPS: Operating System Architecture for Efficient Network Resource Management with Control-Theoretic Packet Scheduler

  • Jung, Hyung-Soo;Han, Hyuck;Yeom, Heon-Young;Kang, Soo-Yong
    • Journal of Communications and Networks
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    • v.12 no.3
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    • pp.266-274
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    • 2010
  • The efficient network resource management is one of the important topics in a real-time system. In this paper, we present a practical network resource management framework, control-theoretic packet scheduler (CPS) system. Using our framework, an operating system can schedule both input and output streams accurately and efficiently. Our framework adopts very portable feedback control theory for efficiency and accuracy. The CPS system is able to operate independent of the internal network protocol state, and it is designed to schedule packet streams in fine-grained time intervals to meet the resource requirement. This approach simplifies the design of the CPS system, and leads us to obtain the intended output bandwidth. We implemented our prototype system in Linux, and measured the performance of the network resource management system under various network QoS constraints. The distinctive features of our principles are as follows: It is robust and accurate, and its operation is independent of internal network protocols.

Managing firm Resources to Create Value: Based on ERP Implementation (가치창조를 위한 기업자원관리: 전사적자원관리 구현을 기반으로)

  • Choi, Byoung-Gu
    • Information Systems Review
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    • v.10 no.3
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    • pp.111-132
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    • 2008
  • Although there are many processes in which factors interact with each other during enterprise resource planning(ERP) implementation, factors affecting ERP implementation have been investigated in an isolated way. In order to bridge the gap, this study attempts to provide a research model to explain how these factors affect ERP implementation success from a holistic perspective. In particular, this research focuses on how bundling and leveraging processes affect ERP implementation success using resource based theory, a strategy formulation framework, and a dynamic resource management model of value creation. The model amalgamates organizational resources and capabilities via the bundling and leveraging processes to identify the effect on ERP implementation success. This paper validates the proposed model by presenting Australian aviation industry case study. Case findings will be in help to reveal the effect of resource bundling in establishing capabilities and effect of capabilities leveraging in deriving the ERP implementation success.

A Case Study of Information System Integration of KEB HanaBank using an Entrepreneurial Bricolage (브리콜라주 전략을 활용한 KEB하나은행의 전산통합 사례연구)

  • Park, SungJae;Lee, JungHoon;Kang, HyounKu
    • Journal of Korea Society of Industrial Information Systems
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    • v.24 no.5
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    • pp.27-39
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    • 2019
  • This study is a case study of KEB HanaBank's information system integration, which has achieved outstanding results based on successful M & A. As of the end of 2018, KEB HanaBank is one of the domestic commercial banks that showed 896 domestic and overseas branches, 12,881 employees, total assets of 326 trillion won, and net income of 1.9 trillion won. The purpose of this study is to provide implications through KEB Hana Bank's unique case and strategy for information system integration since M & A. To accomplish this, KEB HanaBank's information system integration related resource status, strategy, and performance are searched using various sources, and existing researches on resource dependency theory and entrepreneurial bricolage are reviewed. In the post merger integration process, organizations need to understand the status of their resources in terms of resource constraint theory in order to succeed in the information system integration. In resource constraints, for successful computational integration, a strategy based on entrepreneurial bricolage will be needed.

The Influence of Competitive Advantage on Hospital Performance: Focused on Resource-based View(RBV) (경쟁우위와 의료기관 경영성과 -자원기반관점을 중심으로-)

  • Lee, Ye Jin;Suh, Won Sik
    • Korea Journal of Hospital Management
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    • v.21 no.3
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    • pp.53-64
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    • 2016
  • The study empirically examines the classic hypothesis on resource-based view(RBV) theory, which is the possible relationship between competitive advantage and performance. For the study, we have surveyed 198 hospital administrators in Korea. By testing the hypotheses at conceptual level, a more robust approach, we found that (1) if a hospital possesses and exploits resources and capabilities that are both valuable and rare, it will attain a competitive advantage, and (2) the attaintment of such advantage will enable the hospital to improve its performance. The results may be interest to both academics and practitioners. From an academic standpoint, the study more accurately captures the dynamics of the theory by pairing resources-capabilities as opposed to individual resources or capabilities. From a practitioner perspective, it is suggested that hospital managers need no necessarily seek out novel resources and capabilities, but rather develop novel ways in which to combine those resources and capabilities to which they do have access.

The Sustainability of Korean Management in Global Market: Competitive Strategy and Performance in Korean ICT Industry

  • Kwak, Kyu Tae;Cheon, Youngjoon;Lee, Bong Gyou
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.10 no.3
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    • pp.1344-1361
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    • 2016
  • ICT contents market is globally considered as an industry of high added value, where sustainability is accomplished through stories that cover wide range of consumers. However, the need for long-term internationalization strategy is growing as countless number of applications and games has pushed the local market to its limit. Thus, this research explored on the industrial characteristics and the internationalization of ICT contents firms through acquisition of competency. Based on Resource Dependence theory, the authors studied how pursuit of legitimacy and autonomy functioned in the expansion process of ICT contents firms. A survey analysis of 212 key decision makers of Korean ICT content firms were performed, to reveal that resource environment and interdependence must undergo a thorough consideration.

A Study on Development of Analysis System for Industrial Calamity Prevention by the Non-Professional foreign Workers(E-9) (비전문 외국인근로자(E-9) 산업재해예방을 위한 분석시스템 개발에 관한 연구)

  • Park, Jae-Hyun;Park, Dong-Jun;Lee, Chul-Min
    • Journal of the Korea Safety Management & Science
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    • v.19 no.2
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    • pp.69-80
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    • 2017
  • This study is analyse method for Industrial disester prevention of E-9 foreign workers. To do this, We adapted tp TRIZ 's creative problem solving theory and AHP, QFD. TRIZ is determined some parameters for problem solving and selected the inventive principles for each parameters. So, We made new parameters and inventive principles under theory of the TRIZ process for reduced to the foreign worker's disaster rate. After, The derived parameters and the inventive principles are used to evaluate the importance of factors through the AHP, and determine the weight of the relation through QFD expansion. Finally. this paper applies statistical data according to the determined model process, analyzes the result and proposes improvement method for the prevention of disaster of foreign workers.