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ISSN : 1229-6783(Print)
ISSN : 2288-1484(Online)
Journal of the Korea Safety Management & Science Vol.17 No.1 pp.347-358
DOI : https://doi.org/10.12812/ksms.2015.17.1.337

Development of Financial Effect Measurement(FEM) Models for Quality Improvement and Innovation Activity

Sungwoon Choi*
*Department of Industrial Engineering, Gachon University
†Corresponding Author : Sungwoon Choi,
1342 Seongnamdaero, Sujeong-gu, Seongnam-si, Gyunggi-do, Korea
MP : 011-256-0697, Email : swchoi@gachon.ac.kr
October 20, 2014 March 09, 2015 March 15, 2015

Abstract

This research introduces the Financial Effect Measurement (FEM) models which measures both the improvement and the innovation performance of Quality Control Circle (QCC) and activities of Six Sigma. Concepts and principle of Comprehensive Income Statement (CIS), Balanced Scorecard (BSC), Time-Driven Activity Based-Costing (TDABC) and Total Productive Maintenance (TPM) are applied in order to develop the 4 FEM models presented in this paper. First of all, FEM using CIS depicts the improvement effects of production capacity and yield using relationships between demand and supply, and line balancing efficiency between bottleneck process and non-bottleneck processes . Secondly, cause-and-effect relation of Key Performance Indicator (KPI) is used to present Critical Success Factor (CSF) effects for QC Story 15 steps of QCC and DMAIC (Define, Measure, Analyze, Improve, and Control) of Six Sigma. The next is FEM model for service management innovation activities that uses TDABC to calculate the time-driven effect for improving the indirect activities according to the cost object. Lastly, FEM model for TPM activities presents the interpretation of improvement effect model of TPM Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) maintenance using profit, cash and Economic Added Value (EVA) as metrics of enterprise values. To better understand and further investigate FEMs, recent cases on National Quality Circle Contest are used to evaluate new financial effect measurement developed in this paper.
FEM, Production Capacity, Yield, QC Story 15 Steps, Six Sigma, KPI Cascading, Indirect Activity, Time-Driver, CAPEX, OPEX

품질개선 및 혁신활동에서 재무성과 측정모형의 개발

최성운*
*가천대학교 산업공학과

초록

 

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