• Korean Journal of Agricultural Science
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• v.15 no.2
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• pp.181-191
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• 1988

This paper aims to identify the farmers decision making under uncertainty. Qiuite a few studies have been done on the farmers decision making without uncertainty, but few studies have been made to see farmers decision making under uncertainty in Korea. There are many ways to avoid risks or uncertainty, Wald, Savage, Hurwicz, Laplace, Agrawl-Heady etc. are studied in this field. Fourty farmers were selected as samples. Among those half are the suburbs, and the other half are rural farmers. The results of this study are summarized as follows; First, the suburb farmers are more profit pursuit farmers. Second, not only the rural farmers but the suburb farmers are concerned more safety rather than output maximization. Third, the subsistence farmers and semi-commercial farmers are decided by Wald criterion, but the commercial farmers are decided by Savage or Laplace criterion. Fourth, information is very important in farmers decision making, but the creditability is far from satisfactory to the farmers.

• Journal of the Korean Operations Research and Management Science Society
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• v.37 no.4
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• pp.19-35
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• 2012

The Semantic Web technology, purporting to share, to reuse and to process by machines data stored in the Web environment, incessantly evolves to help human decision making; in particular, decision making based on data, or quantitative decision making. This trend drives researchers to fill the gap with strenuous efforts between the current state of the technology and the terminus of this evolution. The Semantic Web Constraint Language (SWCL) together with SWRL is one of these endeavors to achieve the goal. This paper focuses particularly on how to express the piecewise linear form in the context of SWCL. The importance of this ingredient can be fortified by the fact that any nonlinear expression can be approximated in the piecewise linear form. This paper will also provide the information of how it will work in the decision making process through an example of the Internet shopping mall problem.

• Proceedings of the KSR Conference
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• 2004.10a
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• pp.886-891
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• 2004

The process of determining whether, when, where and how to intervene, of deciding on optimum allocation of resources and minimizing the cost is a very complex problem: different track sections tend to behave differently under the effects of loading; decision-making processes for maintenance work are closely interrelated technically and economically; decision-making for maintenance plans is based on a large quantity of technical and economic information, extensive knowledge and above all experience. For that reason, It is considered very important to develope objective and computer-aided decision-making support system for track maintenance plan. On this paper, we made a survey of the state-of-art of decision-making support systems for track maintenance which were developed and used abroad and reviewed requirements of system and present the plan of develope decision-making support system for track maintenance appropriate to local condition.

• Journal of Family Resource Management and Policy Review
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• v.5 no.1
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• pp.15-31
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• 2001

The purpose of this study is to identify participation-types of the family in the purchasing decision-making on items of commodities (TV, refrigerator, furniture, passenger car, housing, vacation, saving, husbands’clothing and children’s clothing). The other thing is to find who is major factors in each of the decision-making stages(the recognition of problem, the searching of information, the evaluation of alternatives and purchasing) among the subjects of decision-making (husband, wife, couple combination and family combination). To complete the purpose, the data were collected through questionnaire which 549 wives living in Seoul answered. From the data, frequency, percentage and correspondence analysis were executed by SPSS. The results of this study were briefly summarized as follows; Wives played an important role on all of decision-making stages for refrigerator, furniture, children’s clothing and husbands’clothing. Husbands played an important role on vacation and passenger car. And in case of saving, TV and housing, couple combination played an important role. It means that wives have a major influence on the purchasing process.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2006.10a
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• pp.144-153
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• 2006

In order to take TC forecasts from different observatories into consideration, and make quantitative assessment and analysis for avoiding TC routes from the view of safety and cost, a new safe-economic decision making method of TC avoidance routing on ocean was put forward. This model is based on combining forecast of TC trace based on neural networks, technical method to determine the future TC wind and wave fields, technical method of fuzzy information optimization, risk analysis theory, and meteorological-economic decision making theory. It has applied to the simulation of MV Tianlihai's shipping on ocean. The result shows that the model can select the optimum plan from 7 plans, the selected plan is in accordance with the one selected by experienced captains.

• Journal of Smart Tourism
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• v.1 no.4
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• pp.3-7
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• 2021

Although Geographic Information Systems (GISs) have commonly been employed as powerful tools for manipulating and displaying spatial data in community-based tourism, a variety of GIS functions still lack the capabilities required to assist multiple decision makers to come to consensual decisions. In this study, I propose an alternative approach: spatial multicriteria decision analysis (SMCDA) that could reflect diverse decision makers' preferences by integrating GISs and multicriteria decision analysis (MCDA). I review the small number of case studies that have employed SMCDA, with a focus on the roles of GISs and MCDA. The methodological integration of GISs and MCDA into multi-spatial decision support systems offers the potential to implement participatory decision-making to solve complex spatial problems in community-based tourism planning, development, and management.

• Proceedings of the Korea Society for Industrial Systems Conference
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• 2003.11a
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• pp.239-250
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• 2003

In this research, we propose a hybrid group decision support mechanism (H-GDSM) based on Fuzzy AHP (Analytic Hierarchy Process) and FCM (Fuzzy Cognitive Map). The AHP elicits a corresponding priority vector interpreting the preferred information among the decision makers. Corresponding vector was composed of the pairwise comparison values of a set of objects. Since pairwise comparison values are the judgments obtained from an appropriate semantic scale. However, AHP couldn't represent the causal relationship among information, which were used by decision makers. In contrast to AHP, FCM could represent the causal relationship among variables or information. Therefore, FCMs were successfully developed and used in several ill-structured domains, such as strategic decision-making, policy making, and simulations. Nonetheless, many researchers used subjective and voluntary inputs to simulate the FCM. As a result of subjective inputs, it couldn't avoid the rebukes of businessman. To overcome these limitations, we incorporated the Fuzzy membership functions, AHP and FCM into a H-GDSM. In contrast to current AHP methods and FCMs, the H-GDSM method developed herein could concurrently tackle the pairwise comparison involving causal relationships under a group decision-making environment. The strengths and contributions of our mechanism were 1) handling of qualitative knowledge and causal relationships, 2) extraction of objective input value to simulate the FCM, 3) multi-phase group decision support based on H-GDSM. To validate our proposed mechanism we developed a simple prototype system to support negotiation-based decisions in electronic commerce (EC).

• Journal of The Korean Association of Information Education
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• v.9 no.2
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• pp.167-176
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• 2005

It has been an important agenda to acquire effective decision making procedure for various issues occurred in education area. As an example, when it comes for the ministry of education to make a decision on such an issue that proper investment, to enhance information of education area, in national wide elementary schools, an effective decision making procedure will aid to establish right way of investment. Currently, the questionnaires gathered from school teachers or the related professional consultants are the only resources in order for making such a critical and important decision. Recently, however, educational, medical, and financial industries are looking forward the best decision making method integrated with rapidly upgraded modern IT technologies using the various resources and tools which they already possess. With this subject in mind, in this paper we present a generic decision making model applying ADALINE neural network. The model can be easily adapted to various problems arising in education area. We proved the model through simulations with realistic sample data.

• Management Science and Financial Engineering
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• v.17 no.2
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• pp.63-84
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• 2011

The ordinary multiple criteria decision making (MCDM) approach requires two types of input, alternative values and criterion weights, and employs two schemes of alternative prioritization, dominance and potential optimality. This paper allows for incomplete information on both types of input and gives rise to the dominance relationships and potential optimality of alternatives. Unlike the earlier studies, we emphasize that incomplete information frequently takes the form of strict inequalities, such as strict orders and strict bounds, rather than weak inequalities. Then the issues of rising importance include: (1) The standard mathematical programming approach to prioritize alternatives cannot be used directly, because the feasible region for the permissible decision parameters becomes an open set. (2) We show that the earlier methods replacing the strict inequalities with weak ones, by employing a small positive number or zeroes, which closes the feasible set, may cause a serious problem and yield unacceptable prioritization results. Therefore, we address these important issues and develop a useful and simple method, without selecting any small value for the strict preference information. Given strict information on both types of decision parameters, we first construct a nonlinear program, transform it into a linear programming equivalent, and finally solve it via a two-stage method. An application is also demonstrated herein.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.5
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• pp.19-29
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• 2020

The paper examines the impact of information about cash flow from operating activities of firms listed on Vietnam's stock market to the decision making of individual investors. Data were collected from interviews with 160 individual investors about their investment decisions based on information on profit growth and cash flow growth from operating activities. T-test was conducted to research on Vietnam's stock market - a market considered as information that is not really public, transparent and ineffective. The research results show that: (1) investors do not care about cash flow from operating activities when making investment decisions if the company's profits grow positively, (2) information about cash flow from operating activities only affects the decisions of individual investors once profit growth is negative, and (3) conflicting information between profit growth and cash flow growth from business activities significantly affects the confidence and comfort of investors in Vietnam's stock market when they make investment decisions. Then, the study points out the mistake of investors when making investment decisions, and offers recommendations to investors when making investment decisions, not only concerned with profit growth, but also paying special attention to cash flow growth, especially cash flow from the company's business operations.