• Title/Summary/Keyword: Strategy of improving efficiency

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The Effects of Corporate Insolvency Cause on Turnaround Strategies and Turnaround Performance (기업부실 원인이 회생전략과 회생성과에 미치는 영향)

  • Song, Sin-Geun;Shin, Sung-Wook;Park, Chang-June
    • Management & Information Systems Review
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    • v.34 no.1
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    • pp.211-225
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    • 2015
  • This paper investigate the impact of insolvency cause(internal insolvency cause, external insolvency cause) on firms' turnaround strategies(strategy of improving efficiency, strategy of creating revenue) and examines the impact of firms' turnaround strategies on firms' turnaround performance(debt ratio, sales growth ratio). For this study, a survey was conducted among administrative assistants and four hypotheses were verified. The findings of this research are summarized as follows: First, internal insolvency cause had a positive effect on strategy of Improving efficiency(expense reduction, asset reduction), but external insolvency cause had a positive effect on strategy of creating revenue(product/service reduction, product/service expansion). Second, strategy of improving efficiency positively effect on decreasing debt ratio, but strategy of creating revenue positively effect on the sales growth ratio. These results show that turnaround strategies different across the corporate insolvent cause, and turnaround performance also different across the corporate turnaround strategy.

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A Case Study on a Real-Time Enterprise to Improve Operational Efficiency of Medical Institutions - Centering on the Main Process of Seoul St. Mary's Hospital - (의료기관 운영 효율성 제고를 위한 실시간 기업(RTE) 사례 연구 - 서울성모병원 핵심 프로세스를 중심으로 -)

  • Park, Byeong-Tae;Lee, Dong-Hyeon
    • Korea Journal of Hospital Management
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    • v.15 no.3
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    • pp.143-169
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    • 2010
  • This is a case study of Seoul St. Mary's Hospital applying a real-time enterprise (RTE) strategy to improve customer satisfaction and operational efficiency with the main process of medical institutions. The hospital is applying an RTE strategy to get real-time information on occurrences at each contact point of the main process of the medical institution from reservation to discharge through dashboard and to resolve issues through rapid decision-making. The RTE strategy of the hospital has some summaries: First, the hospital has linked a hospital management strategy to the RTE strategy to build a patient-centered treatment process. Second, the hospital has operated a control tower for change management and implementation monitoring in the process of implementing the RTE strategy. Third, the hospital has built systematic RTE-based environment as an application program in which the nU System is linked to Business Processor Renovation (BPR) promoted from 2006 on. Fourth, the hospital is applying a strategy to improve efficiency in operating the hospital by increasing customer satisfaction, removing inefficiency and variability, and managing medical resources efficiently through the RTE strategy. Fifth, it has established an information-sharing system through authority management for each user in terms of RTE information. Sixth, it has supplemented limitations of short-term information of the RTE strategy by linking the key performance index to the cost information system in order to improve performance of the RTE strategy. Seventh, it has improved customer satisfaction and achieved higher performance in improving operational efficiency, as compared with rival hospitals, through the RTE strategy.

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A simulation of production planning strategies for the improvement of a manufacturing process (제조공정 개선을 위한 생산계획 평가 시뮬레이션)

  • 고종영
    • Journal of the Korea Society for Simulation
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    • v.8 no.2
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    • pp.87-100
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    • 1999
  • A manufacturing environment without a computerized system causes numerous problems, since many important decisions are made based on the experience of veteran staffs. Especially, when a strategy for the improvement of manufacturing efficiency is considered, it is hard to predict the effect of the strategy. A solution to the problem without large investment of the computerized system is the simulation study. This paper shows the modeling and simulation based on DEVS(Discrete Event System Specification). Two types of models are implemented, one for representing the current production strategy and the other for the new strategy. The new strategy is expressed as priority rules within the model. The process in concern is the metal grating production process in which the size of the group, for applying a specific cutting and scheduling strategies, is one of the important factors in improving the production efficiency. Some reliable criteria for the evaluation related to the production effeciency are established from the simulation study.

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Improved Control Strategy for T-type Isolated DC/DC Converters

  • Liu, Dong;Deng, Fujin;Wang, Yanbo;Chen, Zhe
    • Journal of Power Electronics
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    • v.17 no.4
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    • pp.874-883
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    • 2017
  • T-type isolated DC/DC converters have recently attracted attention due to their numerous advantages, including few components, low cost, and symmetrical operation of transformers. This study proposes an improved control strategy for increasing the efficiency of T-type isolated DC/DC converters. Under the proposed strategy, the primary circulating current flows through the auxiliary switches (metal-oxide-semiconductor field-effect transistors) instead of their body diodes in free-wheeling periods. Such feature can reduce conduction losses, thereby improving the efficiency of T-type isolated DC/DC converters. The operation principles and performances of T-type isolated DC/DC converters under the proposed control strategy are analyzed in detail and verified through the simulation and experimental results.

Control strategy of primary clarifier operation in wastewater treatment plant during rainfall inflow (초기강우 유입 시 하수처리시설 일차 침전지 운전제어 전략)

  • You, Kwang Tae;Kwon, Hyuk Jae
    • Journal of Korea Water Resources Association
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    • v.52 no.11
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    • pp.947-950
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    • 2019
  • The main feature of this paper is to provide a driving control strategy to improve the primary clarifier treatment efficiency in the initial rainfall inflow. With the recent development of IoT technology and sensing technology, the basis for operation control of wastewater treatment facilities has been improved. As a result of improving the efficiency of treatment of primary clarifier using on-line measurement results, it is possible to minimize the outflow of untreated sewage and contribute to the improvement of operation efficiency of wastewater treatment plants.

Iterative mesh partitioning strategy for improving the efficiency of parallel substructure finite element computations

  • Hsieh, Shang-Hsien;Yang, Yuan-Sen;Tsai, Po-Liang
    • Structural Engineering and Mechanics
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    • v.14 no.1
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    • pp.57-70
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    • 2002
  • This work presents an iterative mesh partitioning approach to improve the efficiency of parallel substructure finite element computations. The proposed approach employs an iterative strategy with a set of empirical rules derived from the results of numerical experiments on a number of different finite element meshes. The proposed approach also utilizes state-of-the-art partitioning techniques in its iterative partitioning kernel, a cost function to estimate the computational cost of each submesh, and a mechanism that adjusts element weights to redistribute elements among submeshes during iterative partitioning to partition a mesh into submeshes (or substructures) with balanced computational workloads. In addition, actual parallel finite element structural analyses on several test examples are presented to demonstrate the effectiveness of the approach proposed herein. The results show that the proposed approach can effectively improve the efficiency of parallel substructure finite element computations.

A fast construction sequential analysis strategy for tall buildings

  • Chen, Pu;Li, Hao;Sun, Shuli;Yuan, Mingwu
    • Structural Engineering and Mechanics
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    • v.23 no.6
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    • pp.675-689
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    • 2006
  • In structural analysis of tall buildings the traditional primary loading analysis approach that assumes all the loads are simultaneously applied to the fully built structure has been shown to be unsuitable by many researches. The construction sequential analysis that reflects the fact of the level-by-level construction of tall buildings can provide more reliable results and has been used more and more. However, too much computational cost has prevented the construction sequential analysis from its application in CAD/CAE software for building structures, since such an approach needs to deal with systematic changing of resultant stiffness matrices following level-by-level construction. This paper firstly analyzes the characteristics of assembling and triangular factorization of the stiffness matrix in the finite element model of the construction sequential analysis, then presents a fast construction sequential analysis strategy and a corresponding step-by-step active column solver by means of improving the existing skyline solver. The new strategy avoids considerably repeated calculation by only working on the latest appended and modified part of resultant stiffness matrices in each construction level. Without any simplification, the strategy guarantees accuracy while efficiency is greatly enhanced. The numerical tests show that the proposed strategy can be implemented with high efficiency in practical engineering design.

A Study of the evaluating and improving methods on PMIS for performing strategy of construction company. (전략수행을 위한 PMIS 진단 및 개선방안)

  • Lim, Hyoung-Chul
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.83-89
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    • 2007
  • This study started with many experiences about maturity evaluation and efficiency improvement of Project Management information system, and need for IT systems for performing of strategy. The objective of this study is 1)to evaluate processes and IT systems based on CSF in strategy perform phase, 2)to propose method of sustainable evaluation and improvement, and 3)with KPI and CSF, to evaluate and improve PMIS. Moreover, we suggested IT architecture framework for basement of improving process and resources.

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Comparison of Exhaust Gas Recirculation and Excess Air Strategies for Improving Thermal Efficiency and Reducing Nitrogen Oxides emissions in Hydrogen Spark-ignition Engines at Low-load Operation (수소 스파크점화 엔진의 저부하 운전에서 열효율 및 질소산화물 배출 개선을 위한 배기가스재순환과 과잉공기 전략 비교)

  • Hyunwook Park;Junsun Lee;Seungmook Oh;Yonggyu Lee;Changup Kim
    • Journal of ILASS-Korea
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    • v.29 no.2
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    • pp.60-67
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    • 2024
  • This study compared exhaust gas recirculation (EGR) and excess air strategies for improving thermal efficiency and emissions of hydrogen combustion engines at low-load operation. The experimental investigation was conducted in a single-cylinder, heavy-duty engine under throttling and wide-open throttle (WOT) conditions. Although both EGR and excess air strategies reduced peak heat release rates and increased combustion durations, the net indicated thermal efficiencies were improved by reducing the pumping losses. Under the constraint of similar nitrogen oxides emissions, the EGR strategy had higher net indicated thermal efficiencies compared to the excess air strategy in throttling operation. However, the difference between their thermal efficiencies was reduced under WOT condition. The trend of reducing nitrogen oxides emissions according to the two strategies was similar.

POSCO's Research and Development works on rare earth reduced NdFeB magnets production process

  • Yuh, Junhan
    • Proceedings of the Korean Magnestics Society Conference
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    • 2013.12a
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    • pp.90-90
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    • 2013
  • Since discovery, NdFeB permanent magnet has replaced application of the conventional magnets rapidly because of its superior physical and mechanical properties. With increasing consumption of power combined with energy resource depletion, energy efficiency is becoming more and more inportant. According to recent reports, almost almost half of the electric power is consumed by motor, and NdFeB magnets which are the core component of the motor play a key role on improving energy efficiency of the devices. In parallel with finding alternatives energy resources, research works improving energy efficiecy have been conducted world wide. Althogh NdFeB magnets usage have been expanded to various applications, key materials such as Nd and Dy, resouces lean heavily on specific area, China. Magnetic industry revently experienced skyrocketing price fluctuatioin of rare earth at around 2008. Chineses government's regulations worsened the situation and arose a necessity to develop methods to minimize rare earth use. In this presentation, POSCO's recent research works on rare earth reduction is presented including novel powder alloying method using nitrate precursors. Also, future R&D plans for rare earth free magnets is briefly introduced as well.

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