Browse > Article
http://dx.doi.org/10.11627/jkise.2020.43.2.110

Analyzing Factors Influencing the Introduction of Smart Factory : Focusing on Type of Manager and Firm age  

Lee, Dasol (Graduate School of Management, Hanyang University)
Boo, Jeman (School of Business Administration, Hanyang University)
Jung, Hunsik (Department of Global Business Administration, Konyang University)
Publication Information
Journal of Korean Society of Industrial and Systems Engineering / v.43, no.2, 2020 , pp. 110-119 More about this Journal
Abstract
In order to provide priorities of the factors affecting the introduction of Smart Factory, This study reconstructed the factors and calculated the priorities through AHP (Analytic Hierarchy Process). The first layer of the hierarchy have 4 factors; productivity increase, brand image improve, marketing improve, cost reduction. The second layer of the hierarchy have 3 factors belong to the first layer, so the total number of second layer is 12. We divided the characteristics of enterprises into type of manager and age. The C.R. (consistency ratio) values of the respondents were found to be less than 0.1 and were judged to be a 'reasonable test'. As a result, the weights of the higher layer and the lower layer were obtained respectively, and then the weights of the higher layer and the weights of the lower layer were multiplied to obtain the total weights. Unlike previous studies that only surveyed factors that companies consider when introducing smart factory, (1) weighing and prioritizing factors were achieved. There are differences in priorities, (2) smart factory can be studied with the type of manager and firm age. When establishing policies, it is a practical implication (3) to assess its strategy not only for government officials but also for executives.
Keywords
Smart Factory; Manufacturing Industry Analytic Hierarchy Process; AHP;
Citations & Related Records
Times Cited By KSCI : 5  (Citation Analysis)
연도 인용수 순위
1 Choi, W.S. and Lee, W.B., Is family ownership a determinant of firm performance?, The Korean Journal of Finance, 2005, Vol. 18, No. 1, pp. 121-155.
2 Claessens, S., Djankov S., and Lang, L.H.P., The separation of ownership and control in east Asian corporations, Journal of Financial Economics, 2000, Vol. 58, No. 1, pp. 81-112.   DOI
3 Demsetz, H. and Villalonga, B., Ownership structure and corporate performancer, Journal of Corporate Finance, 2001, Vol. 7, No. 3, pp. 209-233.   DOI
4 Han, P.H., Strategies for Digital Transformation of Manufacturing Industries, NRC Report, 2018, pp. 1-11.
5 Hong, S.H., Kwon, H.M., Lee, M.K., and Jeong, H.R., Successful quality strategies for building smart factory, Journal of Korean Society for Quality Management, 2019, Seoul, Korea, pp. 156-156.   DOI
6 Hsieh, C.T. and Klenow, P.J., The life cycle of plants in India and Mexico, The Quarterly Journal of Economics, 2014, Vol. 129, No. 3, pp. 1035-1084.   DOI
7 Kim, J.J. and Lee, K.E., A study on the interaction effect of CEO succession types and reasons on firm performance, Korea Journal of Business Administration, 2009, Vol. 22, No. 3, pp. 1563-1582.
8 Jovanovic, B., Selection and the evolution of industry, Econometrica, 1982, Vol. 50, No. 3, pp. 649-670.   DOI
9 Kim, A.R. and Cho, M.H., A study on the influence of ownership type on management performance, Korean Strategic Management Society, 2010, Vol. 2010, No. 4, pp. 190-215.
10 Kim, A.R. and Cho, M.H., CEO Turnover in ownermanaged firms : the choice between owner-manager and professional CEO, Journal of Strategic Management, 2011, Vol. 14, No. 2, pp. 57-75.   DOI
11 Kim, M.S. and Choi, J.H., Understanding the Fourth Industrial Revolution from the Perspective of Industrial Innovation, KISDI Report, 2017, Vol. 29, No. 8, pp. 1-15.
12 Davis, J., Edgar, T., Porter, J., and Sarli M., Smart manufacturing intelligence and demand-dynamic performance, Computers and Chemical Engineering, 2012, Vol. 47, No. 1, pp. 148-156.
13 Lee, K.H., The characteristics of professional manager and the structure of management control, The Journal of Professional Management, 1998, Vol. 1, No. 1, pp. 1-41.
14 Ko, K.K. and Lee, K.J., Statistical characteristics of response consistency parameters in analytic hierarchy process, Journal of the Korean Operations Research and Management Science Society, 2001, Vol. 26, No. 4, pp. 71-82.
15 Koo, B.J., Lee, J.S., Lee, M.H., and Son, S.H., Smart Manufacturing Policy and Support Status and Improvement Plan in Korea, KISTEP Report, 2018, pp. 1-34.
16 Koo, Y.T., Changes in domestic industrial structure and implications, Financial Supervisory Service Issue Journal, 2019, Vol. 2019, No. 2, pp. 1-70.
17 Lee, D.S., Lee, S.M., and Park, S.H., A study on influencer characteristic factors by using AHP, Journal of the Society of Korea Industrial and Systems Engineering, 2019, Vol. 42, No. 2, pp. 184-192.   DOI
18 Lee, I.K., Korean enterprises' growth, survival, and variability of growth by age, Association of Korean Economic Studies, 2001, Vol. 7, No. 1, pp. 5-35.
19 Limb, S.J. and Jeong, H.C., A Study on the relationships among industry structure, CEO demography and firm performance, Journal of Strategic Management, 2001, Vol. 4, No. 1, pp. 1-23.
20 Na, H.B. and Hwang, I.K., The method of improvement through current analysis current situation of smart factory in small to medium sized industries, Journal of the Korean Institute of Plant Engineering, 2018, Vol. 23, No. 3, pp. 59-69.
21 Na, J.H. and Choi, D.R., Smart Factory Strategies of the U.S., Germany and Japan, LGERI Report, 2016, pp. 1-37.
22 Park, S.M. and Kang, S.H., The impact of firm age and size on the adoption of management innovations : moderating effects of external knowledge search, Korea Journal of Business Administration, 2013, Vol. 26, No. 7, pp. 1753-1770.
23 Saaty, T.L., A scaling method for priorities in hierarchical structures, Journal of Mathematical Psychology, 1977, Vol. 15, No. 3, pp. 234-281.   DOI
24 Park, Y.R., Lee, G.S., Kim, G.N., Lee, D.H., and Lee, E.M., A Study on the Innovation of Manufacturing Industry through the Utilization of ICT, KISDI Report, 2014, pp. 1-61.
25 Park, Y.Y. and Kim, T.H., A study on the international competitiveness and chief executive officer(CEO) System of the german enterprise -with a focus on the case of SCHOTT- group, The Journal of Professional Management, 2000, Vol. 3, No. 2, pp. 39-68.
26 Saaty, T.L., The principal eigenvector necessary, European Journal of Operational Research, 2003, Vol. 145, No. 1, pp. 85-91.   DOI
27 Shin, D.R., An empirical study on the relationship between firm size, age and growth of korean manufacturing companies, The Korean-Japanese Journal of Economics and Management Studies, 2011, Vol. 51, No. 1, pp. 67-92.
28 Shin, S.C., Current Status of Long-Term Enterprises in Korea and Its Policy Implications, KSBI Report, 2018, Vol. 2018, No. 20, pp. 1-24.
29 The Presidential Committee on the 4th industrial revolution, Strategies for the Spread and Advancement of Smart Factories, 4th IR Report, 2018, pp. 1-26.
30 Vargas, L., An overview of the analytic hierarchy process and its applications, European Journal of Operational Research, 1990, Vol. 48, No. 1, pp. 2-8.   DOI
31 Cho, H.J., The Manufacturing Innovation with ICT, Smart Factory, IITP Report, 2017, Vol. 17, No. 11, pp. 1-28.
32 Wang, S., Wan, J., and Zhang, C., Implementing smart factory of industrie 4.0 : an outlook, International Journal of Distributed Sensor Networks, 2015, Vol. 12, No. 1, pp. 1-10.
33 Anderson, C.R. and Reeb, D.M., Founding-family ownership and firm performance : evidence from the S&P500, Journal of Finance, 2003, Vol. 58, No. 3, pp. 1301-1328.   DOI
34 BISTEP, The Government's Science and Technology Policy of the Fourth Industrial Revolution and Busan's Response to the Development of Smart Factories by Small and Medium-sized Enterprises for Manufacturing Innovation, BISTEP Report, 2018, pp. 1-10.
35 Boo, J.M., Lee, T.W., and Kim, K.T., A study on the use of new AHP application for multi-sample processing, Project Management Review, 2013, Vol. 3, No. 2, pp. 37-48.
36 Bromiley, P., The Behavioral Foundations of Strategic Management, first ed., Wiley, 2005, p. 16.