• Title/Summary/Keyword: economic decision-making

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Automation of Decision-Making in the Game "Ecopoly" for Education on Relationship between Environment and Economy

  • Komuro, Tatsuya;Shinozaki, Ayano;Kim, Aramu;Doyo, Daisuke;Matsumoto, Toshiyuki
    • Industrial Engineering and Management Systems
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    • v.11 no.1
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    • pp.123-132
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    • 2012
  • Recently, global environmental problems have become serious due to human economic activities. Therefore, in order to build a sustainable society in which human economic activities coexist with nature, it is important to promote and enhance environmental education. As a preceding study, a board and computer game of "Ecopoly," which is the game for education on global environmental problems, were developed. This study further aims to develop algorithms which make decisions in Ecopoly, to automate decision-makings of opponents using the algorithms, and to develop the environmental educational game "Ecopoly V" which enables self-learning. In order to develop the algorithms, the board game of Ecopoly was played, and each player's decision-makings at the all points at which players make a decision were observed and analyzed. From the analyses, it became clear that the decision-makings were distinguished by 3 characteristics; Ecology type, Economy type, and Balance type. Based on the characteristics, the factors and standard values of each decision-making were made clear. Algorithms were developed based on the factors and standard values. Ecopoly V was developed by incorporating the algorithms into the computer game of Ecopoly. Experimental testing of the game was conducted and the validity of the game was verified.

Decision-making support system for track maintenance (궤도 유지관리 의사결정 지원 시스템 개발)

  • Lee, Jee-Ha;Rim, Nam-Hyoung;Yang, Shin-Chu
    • Proceedings of the KSR Conference
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    • 2003.10b
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    • pp.454-459
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    • 2003
  • 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 reviewed ECOTRACK system and present the plan of develope decision-making support system for track maintenance appropriate to local condition.

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Requirement of Track Maintenance Plan Support System (궤도유지보수작업계획수립지원 시스템의 요구조건)

  • Lee Jee-Ha;Hwang Sung-Ho;Park Ok-Jung
    • 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.

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Critical Review of health care economic evaluation methodology : With a special reference to study design and cost estimation (보건의료 경제성 평가 방법론 고찰 -연구 설계와 비용 추정을 중심으로-)

  • ;Brouwer WBF
    • Health Policy and Management
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    • v.14 no.2
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    • pp.58-77
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    • 2004
  • Cost containment has become high political issues since financial crisis of the Korean Health Insurance fund in 2000. Korean Government has developed and implemented several measures to reduce the pharmaceutical expenditures. Pharmaceutical economic evaluation can be a tool in decision to allocate scare resource efficiently. In order to increase the quality of economic evaluation for pharmaceuticals, the Korean Health Insurance Review Agency(HIRA) is considering the development of a guideline for economic evaluation. It mandates that pharmaceutical companies could submit the result of an economic evaluation when demanding reimbursement of new pharmaceutical drugs. The purpose of this study is to provide a critical review of the economic evaluations of health care technologies published in the Korean context whether they have been performed according to current guidelines and therefore whether their results are directly useful for decision making. We found there exist important problems and deviation from, good practice' both in the general features of the studies, like the study design and perspective, and in terms of cost measurement and valuation. There are needs to develop clear guidelines and to educate and train researchers in performing economic evaluations.

Static Model for Simultaneous Decision Making on Inventory and Pricing Polices for Capacity-Constrained Supplier (유한 공급 능력을 보유한 공급자의 재고 및 가격정책 모형)

  • Lee, Kyung-Keun;Kim, Young-Seok
    • Journal of Korean Institute of Industrial Engineers
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    • v.22 no.4
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    • pp.677-687
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    • 1996
  • We study simultaneous decision making model for a monopolistic or competitive supplier to decide inventory and pricing policies under capacity constraint. Economic implications are obtained from the optimality conditions such as production lot sizes, pricing schedules and so on. Sensitivity analysis gives us the optimal relations among the critical economic quantities.

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A Case Study on the Engineering Economic Decision for Receiving Orders in Automotive Parts Industry (자동차부품 수주를 위한 투자타당성 분석방법 개선 사례연구)

  • Kim, Jin-Wook;Jeong, Heon-Gyeong
    • IE interfaces
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    • v.20 no.3
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    • pp.267-276
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    • 2007
  • When a company makes a decision on an investment for a new product as a source for a new program, it is not easy for them to take a proper decision-making process in this highly volatile market. There could be several ways to make an investment decision on a new program. A company needs to choose the most suitable way of investment which is reflected current corporate circumstances and potential risks. We check up the process of the engineering economic decision in a automotive part manufacturing company. We define the gap between the theory and practice on engineering economic decisions. We present advices to make a decision desirably.

A Study on the Importance Analysis of Reliability, Security, Economic Efficiency Factors that Companies Should Determine When Adopting Cloud Computing Services (클라우드 컴퓨팅 서비스 채택 시 기업이 판단해야 하는 신뢰성, 보안성, 경제성 요인의 중요도 분석)

  • Kang, Da-Yeon
    • Journal of Digital Convergence
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    • v.19 no.9
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    • pp.75-81
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    • 2021
  • The purpose of this research is to derive and evaluate priorities for critical factors that must be determined before an enterprise adopts a cloud computing service. AHP analysis techniques were used to reflect decisions made by experts as research methods. AHP is a decision-making technique that expresses complex decision-making problems hierarchically and derives the best alternatives through pairwise comparison between the items of the hierarchy. Compared to the existing statistical decision making techniques, the decision making process is systematic and simple, making it easy to understand. In addition, the procedure is also reasonable by providing an indicator to determine the consistency of the decision maker in the analysis process. The analysis results of this research showed that security was the first priority, reliability was the second priority, and economic efficiency was the third priority. Among the factors in the first-priority security items, the access control rights and the safety factors of external threats are the most important factors. Research results can be used as a guideline in future practice, and it is necessary to evaluate, compare and analyze the satisfaction of companies that have adopted cloud computing services in the future.

A study on decision making system in library management with an analysis on the case study of university library in Seoul (도서관경영에 있어서 의사결정시스템에 관한 연구)

  • Lee Woo Bum
    • Journal of the Korean Society for Library and Information Science
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    • v.20
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    • pp.163-222
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    • 1991
  • This dissertation are studying the conceptual structure of decision making situation in libraries, by analyzing the library function, decision makings of library and then seeking economic and efficient alternative decision making by programming the· decision making situations, and finally, introducing how to apply management information system or decision making support system. For this purpose, in order to analyzing necessary factors for the decision making system, the questionnaire used Lickert method were distributed to 400 librarians of 36 universities in Seoul by means of mail. 193 librarians, $48\%$ of the questionnaire, are returned are studied by using 'SYSTAT' statistical software to figure out the factors of the decision making system. This dissertation was put six hypotheses and tested with the returned questionnaire. The following five result can be asserted. First, to the higher degree of the librarians' participation in the important library decision makings, the quality of formal library services are improved regardless of seniority of the work. Secondly, the t-test results show that all of t-test scores of seniority of the work, educational background, and responsibilities of the work are exceeding significant level and perception of decision making was proved to be different depending on seniority of the work, educational background, and responsibilities of the work in libraries. Thirdly, as the results of factor af factor analysis, the encouragement on participation in the library academic activities, the extent to get useful information about performances of library and the improvements of library works were grouped by similar posibilities of distribution and therfore the academic activities, the collection of information and the improvement of library performances is proved to be interrelational each other. Fourthly, the fifth hypothesis of the close relationship between the decision making situation and types of advisor by it was more or less interrelational, but their relationship was not seen some significancies. Lastly, as the dynamic organization of library management forming a special commitee or a project team with librarian can improve the extent and quality of the librarian's participation in the decision making of library works, and thus library will become to performance more rational and effective library management.

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The importance of plant location decision-making in the petrochemical industry (석유화학업체의 플랜트 입지 선정의 중요성에 대한 연구)

  • Jung, Yoon-Jung;Woo, Su-Han;Park, Keun-Sik
    • Journal of Korea Port Economic Association
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    • v.31 no.1
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    • pp.127-145
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    • 2015
  • Plant location selection is a decision which requires huge investment and entails a significant impact in a longer-term. The petrochemical industry, in particular, is so capital- and technology-intensive that the firms in the industry pursue enhancing competitiveness through collaboration and integration among entities in their supply chains. Even though the logistics factor such as logistics costs and connectivity have, as a result, gained its importance in plant location decision making, this has rarely studies in empirical studies. Therefore, this study aims to examine the relative importance of the logistics factor in plant location decision making in the petrochemical industry using the multi-criteria decision-making approach. In addition the three representative petrochemical industrial complexes are evaluated by the factors used in this study. This study is able to provide the useful implication in both practical and policy-making aspects. Firms are required to consider the logistics factors with priority compared to other factors in plant location decision making. In addition, when federal or local governments build industrial sites and attract the petrochemical firm, logistics infrastructure should also be considered to provide better transportation connectivity and lower logistics costs in turn.

Decision Making Methodology on Ventilation System for Road Tunnels Based on Multi-Attribute Utility Theory (다속성 효용이론을 활용한 터널환기방식 선정)

  • Lee, Hye-Jin;Kang, Sang-Hyeok;Park, Won-Young;Seo, Jong-Won
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.3
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    • pp.106-115
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    • 2007
  • The size and length of road tunnels have been gradually expanded as industry developed. Consequently, the risk has been increased. The decision making process for ventilation system for road tunnels involves a large amount of information on economic feasibility, construction methods, and safety etc. In situation where systematically structured decision making process is unavailable, almost decisions about ventilation systems are made based on engineers' private knowledge and experiences. Procedure and criteria to choose the best optimized ventilation system among many alternatives are proposed, breaking away from the economic dependency-oriented decision making. This paper presents a Multi-Attribute Utility Theory and AHP based function with which planners can calculate overall utility of each alternative. It is anticipated that the effective use of the proposed methodology for decision making on ventilation systems ould be able to reduce the likelihood of the occurrence of potential safety risks as well as increase the overall ventilation performance.