• Title/Summary/Keyword: selecting criteria

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An Exploration on the Use of Data Envelopment Analysis for Product Line Selection

  • Lin, Chun-Yu;Okudan, Gul E.
    • Industrial Engineering and Management Systems
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    • v.8 no.1
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    • pp.47-53
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    • 2009
  • We define product line (or mix) selection problem as selecting a subset of potential product variants that can simultaneously minimize product proliferation and maintain market coverage. Selecting the most efficient product mix is a complex problem, which requires analyses of multiple criteria. This paper proposes a method based on Data Envelopment Analysis (DEA) for product line selection. Data Envelopment Analysis (DEA) is a linear programming based technique commonly used for measuring the relative performance of a group of decision making units with multiple inputs and outputs. Although DEA has been proved to be an effective evaluation tool in many fields, it has not been applied to solve the product line selection problem. In this study, we construct a five-step method that systematically adopts DEA to solve a product line selection problem. We then apply the proposed method to an existing line of staplers to provide quantitative evidence for managers to generate desirable decisions to maximize the company profits while also fulfilling market demands.

Selecting Investments in Start-ups: an OWA-based Methodology

  • Casanovas, Montserrat;Pla, Jordi
    • East Asian Journal of Business Economics (EAJBE)
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    • v.3 no.2
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    • pp.21-25
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    • 2015
  • Investment process on startup companies faces several difficulties based on the characteristics of this type of companies, such as lack of historical data, current operating losses and absence of comparable companies. In this paper we focus in a new methodology based on ordered weighted averaging (OWA) operators. OWA operators are useful instruments that enable the aggregation of information; in other words, from a data set we are able to obtain a single representative value of that set. The investment methodology presented consists on the application of OWA operators to the targeted startup companies based on the capacity of cash-flow generation and also on the planned scenario of future growth for each company. This paper shows that the methodology proposed can serve as a valuable tool, complementing the qualitative criteria (which, obviously, should not be ignored) for assessing and selecting a start-up investment.

A Heuristic Method for Job Shop Scheduling Considering Alternative Machines (대안기계를 고려한 Job Shop Scheduling의 발견적 기법)

  • 최동순;정병희
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.20 no.43
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    • pp.127-137
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    • 1997
  • This paper proposes a heuristic method for job shop scheduling with alternative machines. Our heuristic suggests two machine-selecting rules and two priority dispatching rules for modifying existent ones considering alternative machines, and then it extends existing nondelay/active job shop schedule generation. This heuristic provides good criteria(rules) in the selection of a proper machine among those performing a specific operation and for the dispatch of an operation to a selected machine and thus these rules permit the efficient job shop scheduling with alternative machines. The performances of our two machine-selecting rules in addition to the two priority dispatching rules, applied together with the existing 17 rules, are experimented and evaluated, respectively.

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A Study on Criteria of Selecting Heavy Lifting Service Provider Using QFD/AHP (QFD/AHP를 이용한 Heavy Lifting 서비스 업체 선정을 위한 평가지표 개발에 대한 연구)

  • Park, Se-Jung;Kim, Seung-Hee;Kim, Woo-Je
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.36 no.3
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    • pp.51-62
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    • 2013
  • We propose a method using QFD for design the hierarchical structure of AHP. This method provides definition for each area of House of Quality and design the hierarchical structure of the bottom-up QFD/AHP in which the upper hierarchy is designed through the classification of common characteristics with a focus on the lower hierarchy. Finally, we apply it to the development of an evaluation index for selecting heavy lifting service providers. This study has significance as the first instance of designing the archical structure of AHP after objectively verifying whether MECE condition, the basic requirement for AHP design, is satisfied.

A Study on Criteria of Selecting Artwork According to Artwork's Location in Architectural Space (건축공간내 미술장식품의 설치위치에 따른 선정요인에 관한 연구)

  • 김남효
    • Korean Institute of Interior Design Journal
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    • no.39
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    • pp.20-27
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    • 2003
  • The purpose of this study is to provide a practical guide for selecting architectural artwork and analyze relationship between artwork and interior space & facade. The problems with many outdoor artwork did not make the characteristics of the specific environment and did not form a big flow in the urban contextualism. Choosing the artwork, architectural environment for artwork is very much part of the designers' task. When artwork is to be specifically acquired for a particular projects, designer and client must work together to make choices and plan placement. The data are collected through evaluation surveys of college students and graduate students majoring in interior architecture & design, and analyzed by using SPSS-WIN program to find the major characterized factors. It is concluded that architectural artwork should be constituted with nine major factors of interior space - theme/scale, situation/contemporay accord, finished materials harmony, line/two-three dimensional form, proportion/rhythm, sequence, natural/artificial form, abstract/reality expression, originality - and eight major factors of facade - situation, abstract/reality expression, finished materials harmony, theme/sequence, natural/artificial form, proportion/rhythm, static/dynamic expression, originality/. contemporay accord.

Considering Service Factors in R&D Project Selection: Telecommunications and Broadcasting Convergence in Korea

  • Jun, Hyo-Jung;Kim, Tae-Sung;Yeon, Seung-Jun;Ha, Won-Gyu
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.36 no.6B
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    • pp.631-641
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    • 2011
  • Digital Multimedia Broadcasting (DMB) and Internet Protocol Television (IPTV) are now in commercial service, tearing down the traditional boundaries between the telecommunications and broadcasting sectors. These latest developments also hold important implications for research projects in related areas. Both telecommunications and broadcasting being fields with a strong service orientation, market demand should be the primary consideration when selecting research and development (R&D) projects in these areas. This study presents a process for selecting converged telecommunications-broadcasting technology development projects from a demand-oriented perspective, using criteria that are based on projected future demand characteristics. Aimed at increasing the efficiency of the R&D project selection process in telecommunications and broadcasting convergence, this study can point out new directions in R&D management in this field.

Optimized Location Selection of Active Mounting System Applied to 1D Beam Structure

  • Kim, Byeongil
    • Journal of the Korean Society of Industry Convergence
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    • v.25 no.4_1
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    • pp.505-511
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    • 2022
  • The objective of this article is finding optimized locations of active mounts applied to 6-DOF beam structure with two active paths. When sinusoidal excitation forces are applied to the beam structure, secondary forces from two active mounts which can minimize (ideally becoming zero) transmitted forces are calculated mathematically and the vibration attenuation performance is validated through computer simulations. When the force applied to two active mounts are relatively low, those specific locations are considered as optimized location of active mounting system. As the location of mount changes, amplitude and phase of secondary forces in each path are analyzed with 3D plots. Based on the simulation results, a criterion for selecting mounting location is suggested and it would be very useful for selecting actuators for active mounts appropriately.

A Study on the Nationality Determination Criteria of Chinese Courts for Arbitral Awards Made by Foreign Arbitration Institutions in China as the Place of Arbitration (외국중재기관이 중국을 중재지로 하여 내린 중재판정에 대한 중국 법원의 국적 결정기준에 관한 연구)

  • Hyun-Soo Ha
    • Journal of Arbitration Studies
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    • v.33 no.2
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    • pp.3-21
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    • 2023
  • Chinese law does not directly stipulate the criteria for determining the nationality of arbitral awards, and the Civil Procedure Law stipulates that arbitral awards are divided into domestic arbitral awards and foreign arbitral awards based on the location of the arbitration institution managing the arbitration cases. This indirectly classifies the nationality of the arbitral award based on the location of the arbitral institution. However, with regard to the nationality of eight arbitral awards in this paper made in China by the foreign arbitration institutions, the Chinese courts determined the nationality by arbitrarily selecting the criteria for the location of the arbitration institution and the criteria for the place of arbitration, except for arbitral awards made in Hong Kong. China's unclear attitude toward the criteria for determining the nationality of arbitral award has resulted not only obscures the country that can exercise the right to revoke arbitral award, but also obscures the laws and regulations applied to the approval and execution of arbitral awards. In other words, since the right to revoke the arbitral awards resides with the country of nationality of the awards, such an ambiguous attitude in China prevents the parties from responding to the cancellation lawsuit by predicting the nationality of the arbitral awards in advance. Furthermore, since China made a declaration of reciprocity reservations while joining the New York Convention, in cases where the criteria for location of the arbitral institution is applied, if the arbitration institution belongs to a contracting state, the it must apply the New York Convention to approve and execute arbitration decisions, but if it is not a contracting state, it must be approved and executed by mutual arbitration agreements or reciprocity principles. These results can lead to different results in approval and execution of the same arbitral awards depending on how the nationality is determined.

Robust Extrapolation Design Criteria under the Uncertainty of Model and Error Structure (모형과 오차구조의 불확실성하에서의 강건 외삽 실험설계)

  • Jang, Dae-Heung;Kim, Youngil
    • The Korean Journal of Applied Statistics
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    • v.28 no.3
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    • pp.561-571
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    • 2015
  • When we consider an optimal design to predict the response corresponding to the point outside the design region, we are extremely careful about choosing the design criteria for selecting the support points. The assumed model and its accompanying error structure should be assumed to extend beyond the design region for the selected design criteria to be valid. Thus, we modify the existing design criteria such as extrapolation-optimality to be suited to those situations. We propose some maximin approaches in this paper. Simple and quadratic regression models are tested to find the basic characteristics of such maximin approaches. Some main findings are discussed in the conclusion.

Selecting Strategic Energy Technology R&D Programs Applied to the AHP Approach as Planning a Big-sized Energy R&D Program (대형과제 기획시 계층분석적 의사결정기법을 적용한 전략적 에너지기술 R&D 프로그램 선정)

  • Lee, Seong-Kon;Mogi, Gento;Kim, Jong-Wook
    • New & Renewable Energy
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    • v.4 no.1
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    • pp.25-30
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    • 2008
  • The R&D budget of energy technology development has increased in the sector of korean energy technology development continuously. In addition to that, KIER, the government invested research institute and unique energy technology R&D research institute, is trying to plan for a big-sized energy R&D program for the well focused R&D and excellent research outcomes. In the phase of R&D process, the planning is one of the most important sectors because it drives the direction of R&D. In this study, we suggest the assessment criteria to select a strategic energy technology R&D programs by the analytic hierarchy process, which is one of multi-criteria decision making method (MCDM)We structure 2 tiers of hierarchy for assessing a big-sized R&D program and also establish 6 criteria in the level 1, which are energy environment, economic spin-off, technical spin-off, marketability, KIER mission, and cost. We allocate the relative weights of criteria by checking the values of consistency ratio as making pairwise comparisons. The result of this research will provide the decision makers as they select a right well focused R&D program.

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