TITLE:
A Study on Development of Balanced Scorecard for Management Evaluation Using Multiple Attribute Decision Making
AUTHORS:
Kwang Mo Yang, Young Wook Cho, Seung Hee Choi, Jae Hyun Park, Kyoung Sik Kang
KEYWORDS:
Balanced Scorecard, Multiple Attribute Decision Making, Management Evaluation
JOURNAL NAME:
Journal of Software Engineering and Applications,
Vol.3 No.3,
April
8,
2010
ABSTRACT: Recently, most businesses have introduced a system for improving their responsibility to the customers in terms of job improvement. For example, small-quantity batch production increases cost but improve efficiency of management. Companies have been introduced the balanced scorecard to evaluate their management as part of improvement, while they suffer from many trials and errors. Many businesses still have difficulty in introducing balance scorecard concept in their process, but we suggest a method to successfully introduce the balance scorecard. This study aims to suggest a new performance measurement model reflecting relative importance of the key performance indicators for each factor. Our model is applied to several companies in real-world to validate the new model. Also, our study proposes a methodology for an adequate performance measurement using multiple attribute decision making.