• Journal of the Korea institute for structural maintenance and inspection
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• v.19 no.2
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• pp.133-142
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• 2015

The budget for public buildings is expected to increase to their maintenance, and the systematic maintenance and sufficient budget are recognized as the important factors for building maintenance. In Korea, buildings are not systematically maintained due to the lack of manpower, expertise and basis of maintenance budget estimates. Compared with Australia where the facility maintenance is optimized through asset management, Korea has only passive maintenance systems that focus on regulations. The introduction of the systematic asset management is required to ensure the advanced building maintenance in Korea. In this study, the asset management processes for social infrastructure facilities in and out of Korea were analyzed, and the asset management framework for public buildings were established. The asset management procedure consisted of ordinary asset management procedure, selective asset value assessment. The framework in this study was developed focusing on the asset management task for public buildings and presented the detailed contents of each step. The application of this framework to the actual work will enable the systematic management of building's value and performance, and the efficient appropriation of the maintenance budget.

• Journal of Digital Convergence
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• v.16 no.12
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• pp.175-183
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• 2018

This study analyzes determinants of bond returns in terms of systematic risk versus idiosyncratic risk by examining relationship among those factors. First we examined the cross-sectional determinants of corporate bond returns with Korean bond market data from 2001 to 2014. This paper uses term factor and default factor for systematic risk, and duration factor and credit rating factor for idiosyncratic risk. The empirical result shows that systematic risk can explain cross-sectional differences of bond returns rather than idiosyncratic risk which is the same result in advanced markets(US or Europe). This result is different from the previous Korean studies which showed that idiosyncratic risk is more important than systematic risk in Korean bond market. The reason for the different result may be the longer sample period which includes the most recent period. It is insisted that Korean bond market is getting more synchronized with the advanced bond market. In conclusion, this empirical result implies that Korean bond portfolio managers should focus on systematic risk, which is contrary to current system in Korean asset management industry.

• Journal of Korean Society for Quality Management
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• v.11 no.1
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• pp.2-9
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• 1983

For the optimal achievement of system goals through a systematic analysis of the complex problems, systems engineering provides us the concepts and methodology that include comprehensive interpretability (or understandability), universal applicability, and feasibility. Under this aspect, the main objective of this study is that it introduces mathematical system theory (MST) as the fundamental tool of SE into the Inventory Control among the related parts with IE, and review it's applicability. Through its work, we can find that it has the alternative aspects with which it can replace other existing methods for problem-solving in understanding and analyzing structurally systems in themselves as well as being considerable of the time evolutionary process of a given system.

• Culinary science and hospitality research
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• v.9 no.4
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• pp.54-68
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• 2003

This study aims at efficiency of kitchen management by adoption of a systematic central kitchen and conversion of conventional kitchen to convenience kitchen at ' H ' restaurant. First, integrated menu control of banquet buffet functions became more competitive with quality menu and eventually brought about guests satisfaction. Second, systematic central kitchen made possible standardization and mass production through simplified production line. Efficiency through quick service and shortened preparation time was realized, and food materials were recycled effectively at the same time. Integrated ordering lowered purchasing price and built an efficient cost control system. Third, conversion of conventional kitchen to convenience kitchen and strengthened central kitchen system facilitated agreeable work conditions and optimal work flow with butcher's and even sauce making utensils. Fourth, integrated supply system of buffet menu and sauce from western restaurants saved about 520 million won of labor costs. Last, one integrated kitchen out of two was easier in sanitation control with pleasant restaurant space. Sharing kitchen facilities and equipments also saved about 30% of maintenance fee. Power, water, and gas were also saved and eventually curtailed overall expenses.

• Journal of Korean Society for Quality Management
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• v.33 no.4
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• pp.75-87
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• 2005

Generally speaking, weapon system is defined as a combination of primary system and support system which are evaluated by capability and operational availability respectively. Recently comparison of total life cycle cost shows that logistic support system is proved to be more important than primary system. However, until now systematic approach to support system development has not been applied in the area of developing support system. We need to construct a universal metric for effectiveness of logistic support system and to cut out whatever activities or support elements which do not contribute to the metric. This paper describes a new approach based on system engineering approach to logistic support system and also classifies five factors of failure, stock-out frequency, administrative delay time, active repair time and logistic delay time that have influence on operational availability of logistic support system.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2005.05a
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• pp.215-224
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• 2005

It is a fundamental requirement for the medium-sized manufacturing company with multiple-types of products and mixed process flows to have a real time feedback system for systematic production scheduling and process control to maximize the productivity and delivery achievement. However it is very inferior in actual condition to make infrastructure for a systematic production scheduling and process control in middle-sized manufacturing company, Proposed in this paper is an MES implementation approach for the successful construction of MES infrastructure, implementation and operation in medium-sized manufacturing companies with multiple-types of products and mixed process flows.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2000.04a
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• pp.373-376
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• 2000

We investigate some properties of commonly used residual plots in linear regression and provide some systematic insight into the relationships among the plots. We discuss three issues of linear regression in this stream of context. First of all, we introduce two graphical comparison methods to display the variance inflation factor. Secondly, we show that the role of a suppressor variable in linear regression can be checked graphically. Finally, we show that several other types of standardized regression coefficients, besides the ordinary one, can be obtained in residual plots and the correlation coefficients of one of these residual plots can be used in ranking the relative importance of variables.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2003.05a
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• pp.605-608
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• 2003

In order to satisfy the high need for technology valuation, various technology valuation methods have been developed. However the need to develop a new technology valuation method considering the technology characteristics, technology valuation objective, and technology valuation environments has been increasing. So far the technology valuation mehtods have been developed based on technology valuation experts' domain knowledge without applying systematic design methodology. In this paper the process that applies Axiomatic Design principles as a design methodology to the technology valuation methodology design is described. The design consists of technology valuation process design and technology valuation content design. The Axiomatic Design approach introduced in this paper can be used as a systematic technology valuation design tool considering various technology characteristics and technology valuation objectives and also as an evaluation tool of traditional technology methods.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2006.05a
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• pp.45-48
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• 2006

This paper proposes a systematic framework for developing new service concepts, with an emphasis on the customer's perspective. The framework consists of three phases; identification of customer needs, extraction of new service opportunities, and generation of new service concepts. The proposed framework is demonstrated through a case study in the telecommunications industry.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.29 no.3
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• pp.119-127
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• 2006

In this paper, we present a systematic approach to translating BPML(Business Process Modeling Language) into the ${\pi}-Calculus$. BPML is an executable business process modeling language, like BPEL4WS(Business Process Execution Language for Web Services). It is difficult to find a systematic approach to formalizing these languages; but, by formalizing them, the behavior of the processes can be analyzed and compared so that optimal processes can be designed. For this formalization, we analyzed the activity types and contexts of BPML and suggested the definitions of semantics for each type and context by using the ${\pi}-Calculus$. In addition, we have shown the usefulness of our formalization scheme in that a typical order fulfillment process represented in BPML can be translated into the ${\pi}-Calculus$.