• Title/Summary/Keyword: project benefits

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Framework and Tool for Quantitative Six Sigma Project Management (정량적 식스 시그마 프로젝트 관리를 위한 프레임워크와 도구)

  • Park, Hyun-Cheol;Ryu, Ho-Yeon;Baik, Jong-Moon
    • Journal of KIISE:Software and Applications
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    • v.35 no.4
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    • pp.234-244
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    • 2008
  • Since the advent of Six Sigma in 1980's, Six Sigma is widely used in various industry areas, such as manufacturing, financial, government, and service, and proves its innovation ability and value by providing lots of success stories. Several researches have been conducted to adopt Six Sigma for Software Development and Software Quality Assurance-Software Six Sigma. Although the wide use of Six Sigma, there is no software tool to support the execution of Six Sigma Project. For this reason, the Quantitative Six Sigma Project Management is required to support for measuring and analyzing Six Sigma Projects, storing and reporting the results from Six Sigma Projects, and managing Six Sigma Projects through the whole process of, DMAIC or DMADV. In this paper, we introduce the design and implementation of a Quantitative Six Sigma Project Management Framework and Tool. The execution of Six Sigma Project based on Six Sigma Project Management Tool benefits the quantification, the systematization, and the integration.

Economic Valuation of the Off-Shore Fisheries Stock Enhancement Project (근해 수산자원 증대사업의 경제적 타당성 평가)

  • Kang, Seok-Kyu;Ryu, Jeong-Gon;Sim, Seong-Hyun;Oh, Tae-Geon;Lim, Byeong-Gwon
    • The Journal of Fisheries Business Administration
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    • v.52 no.2
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    • pp.1-31
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    • 2021
  • This study is to evaluate the prior economic feasibility of the off-shore fisheries stock enhancement project. The main findings of this study can be summarized as follows: first, offshore fisheries stock enhancement project shall be implemented by dividing them into 1st·2nd·3rd projects for efficient promotion. The 1st·2nd·3rd projects will be conducted in a total of 50 locations (the eastern sea, the western sea, the southern sea, and the jeju sea areas), and the project period per unit will be five years, which will cost 1 trillion won. Second, according to the results of the survey on public awareness, the most consumed marine species in Korea over the past year were analyzed in the order of mackerel, hairtail, squid, yellow corvina, blue crab, and cod. The dominant response to the reason for consuming marine products in Korea was healthy well-being food and safe food. In addition, 67.9% of them have hesitated to purchase offshore fish species over the past year due to high prices, indicating that they are burdened by high prices. On the other hand, 79% of the respondents said that the government's policy was insufficient, according to a survey on whether the government's coastal marine resource creation policy was sufficient. Third, as a result of preliminary economic analysis of offshore fisheries stock enhancement project, the benefit-cost ratio is 4.01, net present price is 1,283.7 billion won, and internal rate of return is 91.7% per year, which means that the economic analysis ensures the feasibility of the projects. The results of this study provide useful information on securing or organizing budgets for offshore fisheries stock enhancement project by securing economic feasibility as a national infrastructure project that increases fishery income and public benefits such as consumption of marine products.

Economic Analysis of Dam Operation Improvement by Dam Downstream River Improvement Works (II)-Economic Benefit and Cost Allocation Analysis (댐하류하천정비사업의 댐 운영개선 효과 경제성 분석 (II) -경제적 편익 및 비용분담률 분석)

  • Yoo, Seung-Hoon;Lee, Gwang-Man;Lee, Eul-Rae
    • Journal of Korea Water Resources Association
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    • v.44 no.9
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    • pp.765-776
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    • 2011
  • Flood discharge capacity in a dam downstream reach has been decreased after dam construction because of the river cross section reduction impacted by farm lands, sand-bars and parking lots, etc. in river flood plains. Those obstacles being in the river inside areas have caused negative influences to the dam operation policy. Therefore, the dam downstream river improvement work associated with the dam operation improvement plan is under construction for removing reduction factors on the dam effective storage, assuring flood safety in the dam downstream river and incrementing dam operation benefits. But the project has issued some problems such as project feasibility, economic evaluation, cost allocation and benefit share, etc. Since a dam enterpriser has not committed such kind of project before, it is necessary to set up an objective analysis process and a quantitative financial valuation. This study examines the measurable economic benefits and the cost allocation of the project for the fairness between benefit owners (central government and water electricity enterprisers). As a result, the total economic benefit from 3 dams (Imha, Daechung and Youngdam Dam) accounts for 14.41 Billion Won/year. The financial valuation of K-water as a project enterpriser is approximately estimated at 40% of the total value and the government is 60%.

Economic Assessment for Flood Control Infrastructure under Climate Change : A Case Study of Imjin River Basin (기후변화를 고려한 홍수방재시설물의 경제성분석 : 임진강 유역사례)

  • Kim, Kyeongseok;Oh, Seungik
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.2
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    • pp.81-90
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    • 2017
  • In Imjin River basin, three floods occurred between 1996 and 1999, causing many casualties and economic losses of 900 billion won. In Korea, flood damage is expected to increase in the future due to climate change. This study used the climate scenarios to estimate future flood damage costs and suggested a real options-based economic assessment method. Using proposed method, the flood control infrastructures in Imjin River basin were selected as a case study site to analyze the economic feasibility of the investment. Using RCP (Representative Concentration Pathway) climate scenarios, the future flood damage costs were estimated through simulated rainfall data. This study analyzed the flood reduction benefits through investment in the flood control infrastructures. The volatility of flood damage reduction benefits were estimated assuming that the RCP8.5 and RCP4.5 climate scenarios would be realized in the future. In 2071, the project option value would be determined by applying an extension option to invest in an upgrading that would allow the project to adapt to the flood of the 200-year return period. The results of the option values show that the two investment scenarios are economically feasible and the project under RCP8.5 climate scenario has more flood damage reduction benefits than RCP4.5. This study will help government decision makers to consider the uncertainty of climate change in the economic assessment of flood control infrastructures using real options analysis. We also proposed a method to quantify climate risk factors into economic values by using rainfall data provided by climate scenarios.

Anti-cancer and Anti-inflammatory Properties of Korean Citrus Fruits (Citrus aurantium L.)

  • Nagappan, Arulkumar;Park, Hyeon-Soo;Hong, Gyeong-Eun;Yumnam, Silvia;Lee, Ho-Jeong;Kim, Douk-Hoon;Kim, Eun-Hee;Kim, Gon-Sup
    • Journal of Korean Clinical Health Science
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    • v.2 no.1
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    • pp.73-78
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    • 2014
  • Purpose. Citrus aurantium L.(familyRutaceae), alsoknownasbitter orange, have been used as traditional herbal medicine in many Asian countries since ancient times. Hence, the purpose of the study was to briefly discuss the new findings about anti-inflammatory and anti-cancer activities of Citrus aurantium L in-vitro. Methods. The articles for this study were collected from pubmed and scopus electronic resources. Results. Citrus aurantium L contains an abundant Flavonoids, including hesperidin, naringin and nobiletin. These Flavonoids has reported to have various medicinal benefits that include antioxidant, antimicrobial, anti-inflammatory, anticancer, anti-diabetic activities, and also used to treat cardiovascular diseases. Conclusion. Based on the above evidence, we propose that Flavonoids from Korea Citrus aurantium L would be a therapeutic potential for cancer treatment and pharmacological benefit for inhibiting the inflammatory effect.

INTEGRATION OF SSM AND IDEF TECHNIQUES FOR ANALYZING DOCUMENT MANAGEMENT PROCESSES

  • Vachara Peansupap;Udtaporn Theingkuen
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.725-731
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    • 2009
  • Construction documents are recognized as an essential component for making a decision and supporting on construction processes. In construction, the management of project document is a complex process due to different factors such as document types, stakeholder involvement, document flow, and document flow processes. Therefore, inappropriate management of project documents can cause several impacts on construction work processes such as delay or poor quality of work. Several information and communication technologies (ICT) were proposed to overcome problems concerning document management practice in construction projects. However, the adoption of ICT may have some limitation on the compatibility of specific document workflow. Lack of understanding on designing document system may cause many problems during the use and implementation phase. Thus, this paper proposes the framework that integrates Soft System Methodology (SSM) concept and Integrated Definition Modeling Technique (IDEF) for analyzing document management system in construction project. Research methodology is classified as the case study. Five main construction building projects are selected as case studies. The qualitative data related to problems and processes are collected by interviewing construction project participants such as main contractors, owners, consultants, and designers. The findings from case study show the benefits of using SSM and IDEF. The use of SSM can help identify the problems in managing construction document in rich picture view whereas IDEF can illustrate the document flow in construction project in details. In addition, the idea of integrating these two concepts can be used to identify the root causes of process problems at the information level. As the results, this idea can be applied to analyze and design web-based document management system in the future.

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Minimum Net profit Project Deleting Algorithm for Choice of Facility Expansion Projects Problem

  • Lee, Sang-Un
    • Journal of the Korea Society of Computer and Information
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    • v.21 no.5
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    • pp.161-166
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    • 2016
  • This paper suggests heuristic algorithm with O(m) linear time complexity for choice of expansion projects that can't be obtain the optimal solution using linear programming until now. This algorithm ascending sort of net profit for all projects. Then, we apply a simple method that deletes the project with minimum net profit until this result satisfies the carried over for n-years more than zero value. While this algorithm using simple rule, not the linear programing fails but the proposed algorithm can be get the optimal solution for experimental data.

An Analysis of Influence Factors for the Remodeling Project Management of Apartment Buildings -Focused on Construction Phase- (공동주택 리모델링 사업관리를 위한 영향요인 분석 -시공단계를 중심으로-)

  • Shim, Gyu-Jung;Seo, Jong-Min;Na, Young-Ju;Song, Yong-Sik;Kim, Sun-Kuk
    • KIEAE Journal
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    • v.8 no.5
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    • pp.77-83
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    • 2008
  • Housing development, particularly apartment buildings, has been increasingly growing due to the construction promotion policy of the government since the 1980s. However such a volume-oriented policy results in unfavorable side effect of substandard quality and early deterioration in line with the expansion in volume. As part of measures to deal with the problems, rebuilding and remodeling have surfaced as alternative recently. Remodeling is expected to create the more benefits, compared to the rebuilding, in cost, efficiency and duration. To come up with the solution to such a challenge, it's necessary to analyze the influence factors of remodeling. Hence, the study was intended to compare the remodeling in the aspect of influence factors. The results of this study is expected to the propose of effectual management factors of the remodeling construction.

A Case Study on the Successful ERP implementation of A Medium-sized Company-Oracle ERP in Standard Telecom Co. (중소기업의 성공적인 ERP 구축 사례연구-STC의 오라클 ERP)

  • Jang, Si-Young
    • Korean Management Science Review
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    • v.15 no.2
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    • pp.71-81
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    • 1998
  • ERP is a new concept which attempts to combine the applications of BRP and information technology in order to enhance the competitive positions of the firms in a rapidly changing environment. It is expected that a paradigm transition will take place which transforms the current practice of in-house development into the introduction of ERP packages. In response to this trend. ERP introduction strategies need to be investigated. This paper reports the case study of Standard Telecom Co. in successfully implementing Oracle ERP applications package. It describes the background, implementation strategy, project management, benefits, and the critical success factors of the Vanguard Project.

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Design and Construction Experiences of Solar Thermal Chemical Reaction Hybrid Power Generation (태양열 화학반응 복합발전시스템의 설계 및 시공 사례)

  • Lee, Sang-Nam;Kang, Yong-Heack;Kim, Jin-Soo;Yoon, Hwan-Ki;Yu, Chang-Kyun;Kim, Jong-Kyu
    • 한국신재생에너지학회:학술대회논문집
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    • 2007.06a
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    • pp.688-692
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    • 2007
  • Solar thermal power generation allows additional benefits of cheap thermal storage and easy hybridization with other fossil fuel-driven power generation. KIER has been performing the project for solar thermal chemical reaction hybrid power generation. The project is to build and operate the first solar thermal chemical reaction hybrid power generation system in Korea. For concentrating solar thermal energy $m^2$ dish type concentrator was adapted and a heliostat is installed for reflecting horizontal insolation to the dish concentrator. At the moment building the dish concentrator including mirror and heliostat with sun tracking system was completed and it's performance are being closely evaluated. This paper will introduce some detailed designs and construction procedures which we have experienced so far.

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