• Asia pacific journal of information systems
• /
• v.9 no.2
• /
• pp.59-75
• /
• 1999

Identifying benefit from IT spending is of great concern to most firms in today's competing world. Cost-benefit analysis of IT spending can be conducted when firms have systematic management process of IT spending and the supporting data. This paper examined Korean firm's management process of IT spending, and proposes the best practice. Management process of IT spending and the definition of IT expense and investment were proposed based on the best practice. A proposition that "IT expenses and investments need to be distinguished to manage IT spending effectively' was proposed. Hypotheses were generated and tested with empirical data. Statistical analyses show that ratios of IT investment to IT expense were significantly different during the study period. The results of the study imply that firms can acquire useful information by distinguishing IT expense and investment in the management process of IT spending.

• Disaster and Security
• /
• v.5 no.1
• /
• pp.93-100
• /
• 2015

Although many years passed since 'The Legislative bill on the support of voluntary activities of enterprises for disaster reduction'(hereinafter referred to as 'enterprise disaster reduction act') has been first enacted in 2007, BCMS is still not activated in our society. In contrast, after 911 Terror, importance of BCM is getting magnified and standardization research & institutionalization i s a lso proceeding i all over world. Lately, Disaster preventing activities is urgently needed like the sinking of 'Sewol ferry'. So the purpose of this paper is proposed for establishment of 'BCMS' and activation of the certificate system for Best-Run Business by analyzing the problem of 'enterprise disaster reduction act' and weak of activation as following. First, propel changing the policy of self-regulated participation to mandatory about the certificate system for Best-Run Business from public entity to government ministry and it is able to activate by propelling demo business of the certificate system for Best-Run Business. Second, public entity that has been given the certificate system for Best-Run Business by affiliating with Disaster Management Assessment of government management can be exempted from Disaster Management Assessment or those entity can arrange for connectivity acquisition method of 'Excellent rate'. Third, to publicize the activation of the law mentioned above, makes public entity r ecognizable by incorporating 'BCMS' into National safety management plan and establishment of National critical infrastructures security plan. Fourth, it should be reviewed to improving the related act regarding to inclusion of public organizations as well as private enterprises.

• IE interfaces
• /
• v.16 no.2
• /
• pp.125-139
• /
• 2003

This paper reports an empirical study on assessment of R&D best practices. The principles of quality management and their tools such as best practices or benchmarking have been so prevailing in the operational process that the R&D management recently consider extensive use of them for their innovation process. However, characteristics of the two processes may be different each other. Are the principles or the tools that were effective in the operational field still going to be effective in the innovative field? In order to answer the question, we statistically examine how R&D best practices contribute to the innovative performance. Upon literature review on technological innovation, we present a R&D process model whereby we set forth research hypotheses. Using data from 66 successful R&D efforts carried out among Korean firms mostly between 1999-2001, regression analyses reveal that best practices used in most stages throughout the R&D process are found not to significantly contribute to the innovative performance. Only those in technology strategy and prototyping stages are proven effective for technical and commercial performance respectively. Interestingly, efforts in a problem solving and improvement stage are counterproductive in the case of the innovation process. Discussions on our empirical observations are presented followed by some managerial implications.

• Journal of the Korean Operations Research and Management Science Society
• /
• v.34 no.4
• /
• pp.123-138
• /
• 2009

This study examined the first- and second-best pricing by stable dynamics in congested transportation networks. Stable dynamics, suggested by Nesterov and de Palma (2003), is a new model which describes and provides a stable state of congestion in urban transportation networks. The first-best pricing in user equilibrium models introduces user-equilibrium in the system-equilibrium by tolling the difference between the marginal social cost and the marginal private cost on each link. Nevertheless, the second-best pricing, which levies the toll on some, but not all, links, is relevant from the practical point of view. In comparison with the user equilibrium model, the stable dynamic model provides a solution equivalent to system-equilibrium if it is focused on link flows. Therefore the toll interval on each link, which keeps up the system-equilibrium, is more meaningful than the first-best pricing. In addition, the second-best pricing in stable dynamic models is the same as the first-best pricing since the toll interval is separately given by each link. As an effect of congestion pricing in stable dynamic models, we can remove the inefficiency of the network with inefficient Braess links by levying a toll on the Braess link. We present a numerical example applied to the network with 6 nodes and 9 links, including 2 Braess links.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.1294-1299
• /
• 2009

Best value in value engineering has relation to cost and performance. But a severe problem in VE study of a project is to reduce value due to loss of performance, caused by focusing on cost reduction. Also a lack of understanding performance concept, no trial VE workshop as well as cost saving-based policy have not satisfied customer needs. A efficient and practical methodology for accomplishing best value in construction projects is proposed. This study developed a more objective approach for performance measurement approach of mega projects and suggested a systematic process of performance quantitative analysis verifying value improvement. The proposed performance measurement method would be very useful for better communication and consensus between stakeholders and VE team especially through value engineering.

• Journal of the Korea Safety Management & Science
• /
• v.11 no.4
• /
• pp.213-220
• /
• 2009

The minimum latency problem, also known as the traveling repairman problem and the deliveryman problem is to minimize the overall waiting times of customers, not to minimize their routing times. In this research, a genetic algorithm, a clonal selection algorithm and a population management genetic algorithm are introduced. The computational experiment shows the objective value of the clonal selection algorithm is the best among the three algorithms and the calculating time of the population management genetic algorithm is the best among the three algorithms.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 1991.10a
• /
• pp.281-281
• /
• 1991

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 2004.10a
• /
• pp.539-553
• /
• 2004

This paper models and solves contracting schemes for both when quality is perfectly observable and when quality is not perfectly observable in supply chain. When quality is perfectly observable, the first-best optimal solution which is that the marginal utility of procurer obtained from the quantity and quality supplied by suppliers (the price) is equal to the marginal cost to produce the quantity and quality is obtained. However, when quality is not perfectly observable to procurers the optimal solution cannot be the first-best but the second-best where the price is greater than the marginal cost to produce the quantity and quality and social welfare is less than that of the first-best solution.

• Proceedings of the Safety Management and Science Conference
• /
• 2007.04a
• /
• pp.363-371
• /
• 2007

There are many Korea companies who are introducing many kinds of management renovation methods in order to attain more management achievement. So many personnels under CEO are frying to change themselves to fit those kinds of management renovation methods. Now, all kinds of books for supervisors have published, but it is not easy for those supervisors to understand those books as those books do not fit for their own companies situation. The best management methods in the best companies in U.S.A. actually can not be well introduced in Korea. So, the management methods should be changed with the environment's changing. Therefore, the company management is the process to suit the continue changing environment.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.27-31
• /
• 2003

최근 해외시장에서는 Single Point Responsibility 개념의 선호와 프로세스사업관리능력의 중요성으로 건설사업관리 (Construction Management: 이하 CM)방식이 프로젝트 조달의 중요한 방안으로 사용되며 국내에서도 최근 CM 발주량의 획기적인 증가추세로 사업수행능력 향상을 위한 도구 개발이 절실하다. 가장 유용한 도구로는 국내${\cdot}$외 CM 수행사례 분석을 통해 이에 저해되는 요인과 모범사례 등을 파악하여 산업계로 하여금 체계적 점검과 벤치마킹을 통해 수행능력을 제고할 수 있는 핵심성공요인과 Best Practice의 보급 발간이다. 따라서 본 논문은 최근 감사원에 의해 모범선행사례로 선정된 무주 하천 1,2급 수해복구 건설사업관리 용역에 대한 CM성과를 분석하여 핵심성공요인과 Best Practice를 제공하는 것을 주요 목표로 한다. 본 CM용역에서는 무엇보다도 무주군내 수해복구공사에 CM 사업방식을 도입한 것은 현명하고 진취적이며 시기 적절한 일이라고 판단되며 이러한 선도적 기자체의 의욕적인 시도가 지방에서 수행되는 공공공사의 수준을 한 차원 높이는 계기가 됨은 물론 항구적인 복구공사기법의 하나로 정착하기를 기대한다. 또한 산업계는 CM관련 중심기관을 통하여 이러한 모범사례의 연속적인 분석과 보급을 통해 산업계 전반적인 CM수준을, 제고하여 국내외 CM확대 적용의 기반을 조속히 조성할 수 있기를 바란다.