• Title/Summary/Keyword: best management

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A design method of activity cost pool for activity based costing in logistics systems (물류체계에서의 활동기준원가의 활동원가군 설계방법)

  • 김상훈;임석철
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.481-484
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    • 1996
  • When logistics system is integrated with production system and marketing system, it takes a very important role of the business management. In general, measurement of logistics cost in logistics system uses the conventional cost assignment method. However the conventional method may result in the incorrect cost because the overhead cost may be incorrectly assigned to the products. Activity-Based Costing(ABC) was proposed as an alternative method which will distribute the overhead cost to each cost obeject more accurately. ABC assigns cost to activities based on the amounts of resources used by resource driver, and assigns cost to cost objects based on the amount of activities driver. This study proposes two heuristic algorithms. The first algorithm selects the best activity driver for each cost object by using correlation analysis. The best activity driver is the one that minimizes the sum of loss cost and measurement cost of activity driver. The second algorithm selects the best number of activities by using correlation analysis. The pair of activities with the highest correlation are combined into one if the saving of measurement cost is no less than the loss due to inaccurate distribution of overhead cost. In order to demonstrate the procedure and validity of the algorithms, Real data of one year from a paper manufacturer are used.

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Characteristics of Cost Reduction Strategies at Pre-Construction Stages - Focused on Best Practice Cases - (시공이전단계 원가절감 전략의 특징에 관한 연구 - 모범적 성공사례를 중심으로 -)

  • Jung Hui-Ok;Kim Han-Soo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.616-619
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    • 2004
  • The term 'cost reduction' often carries a negative image in a sense of sacrifice of other management elements such as qualify, safety, client satisfaction, etc. However creative cost reduction approaches can achieve not only cost reduction itself but also value for money. The objective of this paper is to identify and discuss major characteristics of creative cost reduction strategies from best practice cases of Constructing Excellence.

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Dispersion Management and Optical Phase Conjugation in Optical Transmission Links with a Randomly Distributed Single-Mode Fiber Length

  • Lee, Seong-Real
    • Journal of information and communication convergence engineering
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    • v.11 no.1
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    • pp.1-6
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    • 2013
  • Suppressing or mitigating signal distortion due to group velocity dispersion and optical Kerr effects is necessary in ultra-high speed and long-haul wavelength division multiplexing (WDM) transmission systems. Dispersion management (DM), optical phase conjugation (OPC), and the combination of these two are promising techniques to compensate for signal distortion. In this paper, to implement a flexible optical WDM network, a new optical link configuration with a randomly distributed single-mode fiber (SMF) length and fixed residual dispersion per span in the combination of DM and OPC is proposed and investigated. The simulation results show that the best net residual dispersion (NRD) in the proposed optical links is +10 ps/nm, which is independent of pre- and postcompensation. The effective launch power of the WDM channel is increased more in the optical links with NRD = +10 ps/nm controlled by only precompensation. Furthermore, the system performance difference between the proposed optical link configuration with the best NRD and the conventional optical link with uniform distribution of the SMF length had little significance. Consequently, it is confirmed that the proposed optical link configuration with the best NRD is effective and useful for implementing a reconfigurable long-haul WDM network.

Construction Based Model for Assessing Maturity Level of Enterprises

  • Marzouk, Mohamed;Attia, Tarek;El-Bendary, Nasr Eldin
    • Journal of Construction Engineering and Project Management
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    • v.2 no.1
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    • pp.14-19
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    • 2012
  • Maturity models allow organizations to assess and compare their own practices against best practices or those employed by competitors, with the intention to map out a structured path to improvement. This research explores the aspects of the Maturity Models that are relevant to distinguish them from one to another. The different Project Management maturity models for define maturity differently and measure different things to determine maturity. Because of this, organizations should give careful consideration to select appropriate maturity model. The main reason behind this research lies on the modification to the existing Organizational Project Management Maturity Model (OPM3) by adding four knowledge areas, dedicated to construction industry as best practices. These are Safety, Environment, Financial and Claim Management. This Model contains (Yes/No) questions; all of these questions must be answered before the user reviews the results that describe the overall maturity and areas of strength and weakness of an organization. The research presents the implementation of the proposed Model Construction Enterprises Maturity Model (CEM2). All the components of the developed Model have been implemented in Microsoft Access. CEM2 helps Construction Enterprises to assess their Maturity Level and know Areas of Weaknesses for future improvement. The easy to use Yes/No user interfaces help enterprises' employees to assess the maturity level of their enterprises. The Model maintains users' responses in its database; as such, many employees from different enterprise divisions can be involved during assessment phase in several sessions.

BestChoice SRM: A Simple and Practical Supplier Relationship Management System for e-Procurement (BestChoice SRM: 전자 조달을 위한 단순하며 실질적인 공급사 관계 관리 시스템)

  • Lee, Dong-Joo;Kang, Seung-Seok;Lee, Sang-Keun;Kim, Young-Gon;Chang, Jun-Ho;Lee, Sang-Goo
    • The Journal of Society for e-Business Studies
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    • v.12 no.3
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    • pp.177-191
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    • 2007
  • Supplier relationship management (SRM) is an important contributor to a company's efficiency and credibility. Although several ways are used to provide SRM functionality, these are often not easily integrated with existing procurement systems. We designed and implemented a practical SRM system called BestChoice SRM and present its design and architecture. It has the core functionality of SRM with the simple adaptability of BestChoice which is a decision support system for evaluating suppliers with the aid of visualized analysis It allows seamless integration with existing systems and permits flexible strategy changes as market conditions shift. The key to this flexibility is template-based segmentation. Ease of integration was demonstrated through the installation of BestChoice SRM at a major Korean commercial e-procurement agency.

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The application of Lean Six Sigma Methodology for Improving Operation in Distribution Center (물류센터 운영 개선을 위한 Lean Six Sigma 기법 적용)

  • Park, Sang-Min;Lee, Bum-Woo
    • Journal of the Korea Safety Management & Science
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    • v.9 no.3
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    • pp.95-102
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    • 2007
  • Nowadays, globally high-grade companies have done their best for increasing their competitive power through a many kinds of method in incisive competition for making certain of a pacesetting position. Among the rest, Six Sigma have been the best methodology of improving process and have proven to be effective by the result of improving process in many of manufacturing business, however, it has not obtained excellent results in the transaction business. In transaction business, a $30\sim50%$ costs in total costs is generated by slow-speed working and reworking. The slow processes decrease the quality and increase the cost, which decreases customer satisfaction, and finally the income is decreased. All of them are so called wastes in processes. For this, adopting of lean six sigma methodology in process management can eliminate the wastes and reduce the variation. This study focuses on distribution with the domains like capacity, layout, amount of location, assignment of product, operation procedure and operation rule in order to improve these domains, we make a further application of eight analysis ways based on DMAIC method for improving operation of processes of distribution center as the third profit source. The goal of this study is to trace an approach that can easily adopt of Lean Six Sigma in operational management of distribution center by a kind of data, analysis method and template.

Research on Using Six Sigma Tool to Reduce the Core Process Time

  • Chung, Yi-Chan;Yen, Tieh-Min;Hsu, Yau-Wen;Tsai, Chih-Hung;Chen, Ching-Piao
    • International Journal of Quality Innovation
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    • v.9 no.1
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    • pp.94-102
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    • 2008
  • When facing the global severe competition, the enterprises all try their best to upgrade the quality, reduce the costs to reach the goal of customer satisfaction. Motorola was the earliest firm creating the term Six Sigma (6 ${\sigma}$); GE was the enterprise successfully fulfilling Six Sigma. The success of these two firms revealed the prominent effects and became the world-class model enterprises. The main purpose of promoting Six Sigma activity was to reduce the possible defects in the business process to the least through designing and monitoring business process in order to reach the goals such as the best quality and efficiency, the lowest costs, the shortest circular process time, maximum profits and customer satisfaction. This research used the Six Sigma technique to improve the business process of ceramics manufacturing plant and find out the major factors of slower core task time by the analytical process of Process Mapping, Pareto Chart, Simu18 simulation software and figures and proposed the improvement measures. Through the confirmation of the case companies, it successfully reduced the core process time and the organizational costs and increased the capacity.

Measuring Performance to Engage the Extended Project Team in Construction

  • Bal, Menoka;Bryde, David
    • Journal of Construction Engineering and Project Management
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    • v.5 no.1
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    • pp.1-10
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    • 2015
  • In construction, stakeholders of extended project team play a key role in the overall project performance. Successful integration of stakeholders demands for good management practices at strategic, operational and project levels. Targets and measures to improve the stakeholder performance encourage the creativity and willingness of stakeholders of extended project team to develop the better ways to achieve the project objectives. This paper presents a generic descriptive method, showing how stakeholder's ability and influence impacts on project performance in the construction sector. The findings of a series of interviews with key informants are presented and the following main conclusion is drawn: improving project performance through stakeholder's contribution and measuring their performance can strengthen the project performance. This innovative approach which redefines the process of improving the project performance in construction projects will be of interest to those who intend to manage the projects in practice as well as to those who interested in advancing theory.

A Study on the Property Planning Process for the Highest and Best Use Development (건축물의 최유효 개발계획 수립을 위한 기획업무 절차에 관한 연구)

  • Kim, So-Yon;Park, Young-Ki
    • KIEAE Journal
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    • v.7 no.5
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    • pp.115-120
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    • 2007
  • The purpose of the study is to establish a concept of property development planning process and factors by analyzing the several case studies, which prior proposed the highest and best use development of property. The value of property is dependent on the circumstances and the timing. Real property development is essential to develop in the highest and the best. The prior concepts of the highest and best use focused on the real estate appraisal, but these studies aroused an interest that related the highest and best use concept as a determinant of property development. As a results, this study suggests the process and the check points of property development planning phase. The first step is having a thorough grasp of the status of property. The Second step is the circumstantial analysis including legal restriction, locational environment, real estate market and economic conditions. The next step is, in accordance with these analysis, setting up the development concept and alternatives. Through the feasibility studies, we can make a choice the highest and best use development plan. In these days, the importance of development strategies such as design exceptionality and plan management are increased. Therefore, the integrated plan for the property development is very important.

Leaky Bucket Based Buffer Management Algorithm to Guarantee MCR and Improve Fairness in ATM-GFR (ATM-GFR에서 최소 전송율 보장 및 공평성 향상을 위한 Leaky Bucket 기반의 버퍼 관리 알고리즘)

  • 김권웅;김변곤;전병실
    • Journal of the Institute of Electronics Engineers of Korea TC
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    • v.39 no.12
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    • pp.520-528
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    • 2002
  • The ATM Forum recently introduced the Guaranteed Frame Rate(GFR) service category GFR service has been designed to support classical best effort traffic such as TCP/IP based traffic. The GFR service not only guarantees a minimum throughput, but also supports fair distribution of available bandwidth to completing VCs. In this paper, we proposed a new buffer management algorithm based on leaky bucket to provide minimum cell rate guarantee and improve fairness. The proposed algorithm reduces complexity and processing overhead of leaky-bucket algorithm to implement easily.