• Title/Summary/Keyword: Availability theory

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A Study of Consumers' Responses to the Attributes of Salespeople in Fashion Retail Stores (패션매장에서 판매원의 특성에 대한 소비자 반응 연구)

  • Seo, Min Jeong;Jun, Daegeun
    • Fashion & Textile Research Journal
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    • v.20 no.5
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    • pp.509-519
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    • 2018
  • This study is to examine the effects of salespeople' attributes (i.e., empathy, availability, professional appearance) on consumer cognition, emotion, and behavior. A conceptual model was developed based on stimulus-organism-response (S-O-R) theory and cognition-emotion theory. A total of 542 questionnaires were collected online and some incompletely written questionnaires were excluded. Because of the high possibility of memory distortion, only the questionnaires (n=220) written by those who visited fashion stores within one week were used for the final analysis. The results of PLS analyses demonstrated that 1) salespeople's empathy directly affected consumers' shopping emotion; 2) salespeople's availability and professional appearance indirectly affected consumer's shopping emotion through store image; 3) consumers' shopping emotion positively affected purchase intention. Theoretical and practical implications of the results are discussed in conclusion. As a result of this research, the main characteristics of the salespeople were identified in order to allow the consumers visiting the fashion store to buy the fashion products naturally and the basic directions of sales manuals for the salespeople in the fashion store were presented. It is also hoped that academic researchers will be able to use the characteristics of salespeople as the main data to understand how they affect consumers' cognitive and emotional responses and how they are connected to purchase behavior.

Fixed Versus Floating Interest Rates in Shipping Finance: A Behavioral Finance Perspective

  • Kim, Wu-Seok
    • Journal of Navigation and Port Research
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    • v.45 no.5
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    • pp.259-275
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    • 2021
  • This study analyzed the decision-making process in ship finance for the choice between fixed and floating interest rates using behavioral finance theories. Results confirmed that causes and background of decision-making processes could be explicitly explained by the framework of behavioral finance theories. This study also determined whether decisions were irrational. A case-study research was applied as the methodology. Decision-making data on ship finance collected through narrative and questionnaire responses were analyzed and evaluated using behavioral finance theories. Theories of behavioral finance used in the analysis and research of this study included availability heuristic, anchoring effect, and opportunity cost theory. Narrative and survey responses were clearly explained by theories of behavioral finance. It was found that a shipping company suffered additional losses owing to decisions that included behavioral finance errors. Behavioral finance theories largely influenced the decision-making process of choosing between a fixed interest rate and a floating interest rate. Shipping finance decisions related to interest rate selections could be clearly explained by behavioral finance theories. Errors related to behavioral finance could result in irrational decisions. Thus, managers who are responsible for shipping finance should remain vigilant toward any behavioral finance errors when making shipping finance decisions.

Quorum Consensus Method based on Ghost using Simplified Metadata (단순화된 메타데이타를 이용한 고스트 기반 정족수 동의 기법의 개선)

  • Cho, Song-Yean;Kim, Tai-Yun
    • Journal of KIISE:Computer Systems and Theory
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    • v.27 no.1
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    • pp.34-43
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    • 2000
  • Replicated data that is used for fault tolerant distributed system requires replica control protocol to maintain data consistency. The one of replica control protocols is quorum consensus method which accesses replicated data by getting majority approval. If site failure or communication link failure occurs and any one can't get quorum consensus, it degrades the availability of data managed by quorum consensus protocol. So it needs for ghost to replace the failed site. Because ghost is not full replica but process which has state information using meta data, it is important to simplify meta data. In order to maintain availability and simplify meta data, we propose a method to use cohort set as ghost's meta data. The proposed method makes it possible to organize meta data in 2N+logN bits and to have higher availability than quorum consensus only with cohort set and dynamic linear voting protocol. Using Markov model we calculate proposed method's availability to analyze availability and compare it with existing protocols.

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An Empirical Study on the Effect of Technology Acceptance of Overseas Direct Purchase on Behavioral Intention and Perceived Availability (해외직구의 기술수용이 사용의도 및 지각된 유용성에 미치는 영향에 관한 실증연구)

  • Yoo, Joon-Soo;Jang, Eun-Hee
    • Journal of Convergence for Information Technology
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    • v.11 no.10
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    • pp.101-114
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    • 2021
  • This study aimed to analyze the degree of consumers' expectations for their performance and efforts in using overseas direct purchase, impact of overseas direct purchase on the society, and effect of price value to their intention to use overseas direct purchase in the future. In addition, the significance of overseas direct purchase on the user-perceived availability is empirically analyzed. As a result of the study, it was confirmed that performance expectancy, effort expectancy, social influence, and price value showed significantly positive effect on the intention to use overseas direct purchase in the future. With respect to the perceived availability in using overseas direct purchase, it was found out that effort expectancy and price value had significantly positive effect; however, it appeared that performance expectancy and social influence had no significant effect on the perceived availability of the users.

Development and Implementation of Chain Metrics for Obtaining Lean Overall Equipment Effectiveness Using Availability Measures (시간가동률 척도에 의한 Lean OEE의 연계지표 개발 및 적용)

  • Choi, Sung-Woon
    • Journal of the Korea Safety Management & Science
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    • v.14 no.2
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    • pp.147-158
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    • 2012
  • This paper aims to develop a new chain metrics for obtaining lean Overall Equipment Effectiveness(OEE) and present implementation strategy which considers the properties for Total Productive Maintenance(TPM) to reduce machine losses, Performance Analysis and Control(PAC) to reduce labor losses, Lean Production System(LPS) to reduce floor wastes, and Theory of Constraints(TOC) to minimize the problem of Capacity Constrained Resource(CCR). The study reviews the related literatures and reformulates the structure of machine losses, labor losses and field wastes. The research also develops the integrated productivity metrics according to time, units, reliability and maintainability. It is found that the study develops the actual productivity measure in terms of efficiency, effectiveness and standard productivity. In addition to that, it outlines and develops by using the integrated LPS and TPM, lean OEE measures such as Time Based Productivity(TBP), Unit Based Productivity(UBP), and Reliability & Maintainability Based Availability(RMBA). Implication examples are proposed to make it easier and available for practioners to understand the implementation strategies about TPM OEE, lean OEE and TOC OEE. Futhermore related to other studies, the research contributes to create a new chain productivity measures to clear the interrelationship concepts of productivity, efficiency and effectiveness. Moreover the paper develops the enhanced OEE measures by integration of TPM, PAC, LPS and TOC with the perspective of schedule, throughput, reliability, maintainability and availability.

An Empirical Inquiry into Psychological Heuristics in the Context of the Korean Distribution Industry within the Stock Market

  • Jeong-Hwan LEE;Se-Jun LEE;Sam-Ho SON
    • Journal of Distribution Science
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    • v.21 no.9
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    • pp.103-114
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    • 2023
  • Purpose: This paper aims to assess psychological heuristics' effectiveness on cumulative returns after significant stock price changes. Specifically, it compares availability and anchoring heuristics' empirical validity due to conflicting stock return predictions. Research Design, Data, and Methodology: This paper analyzes stock price changes of Korean distribution industry stocks in the KOSPI market from January 2004 to July 2022, where daily fluctuations exceed 10%. It evaluates availability heuristics using daily KOSPI index changes and tests anchoring heuristics using 52-week high and low stock prices as reference points. Results: As a result of the empirical analysis, stock price reversals did not consistently appear alongside changes in the daily KOSPI index. By contrast, stock price drifts consistently appeared around the 52-week highest stock price and 52-week lowest stock price. The result of the multiple regression analysis which controlled for both company-specific and event-specific variables supported the anchoring heuristics. Conclusions: For stocks related to the Korean distribution industry in the KOSPI market, the anchoring heuristics theory provides a consistent explanation for stock returns after large-scale stock price fluctuations that initially appear to be random movements.

Fuzzy Theory and Reservoir Operation Guidelines for Agricultural Purposes (퍼지이론과 관개용 저수지의 조작)

  • 정하우;이남호
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.33 no.4
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    • pp.45-51
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    • 1991
  • The objective of this paper is to show how the fuzzy sets theory can be applied to the reservoir operation guidelines for agricultural purposes. The concepts of the theory has been resented as a new tool for the decision problems which contains fuzziness and it's application can be found in operations research, expert systems, robotics, fuzzy computers, and pattern recognition. The fuzzy control system for the reservoir operation composed of a set of reservoir operation rules and a fuzzy inference engine was built. Water demand for paddy fields, water availability, and inflow to a reservoir were selected as main factors which determine the magnitude of reservoir release. The behavior of the control system was evaluated for different level of water demand and the results seemed to be reasonable.

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Case Study on Application of TRIZ Theory and Creative Cost Savings in Architectural Engineering (건축공학에서 트리즈이론의 적용과 창의적 비용절감사례연구)

  • Jang, Myung-Houn;Ko, Dong-Woo
    • Knowledge Management Research
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    • v.16 no.3
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    • pp.65-80
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    • 2015
  • Problems solved by the TRIZ method have been developed and applied in many fields ranging from management as well as engineering. Most of the problems occurring in the construction site should be applied immediately. To solve the problem of building engineering, formulation of the problem solving process using the TRIZ method is needed. This study classified and analyzed the problem solving process of architectural engineering technology in accordance with the procedures of TRIZ, and showed the case of solving problem in the field and the availability of TRIZ theory in architectural engineering. This paper shows that the TRIZ theory can be used as a tool for creative problem solving and cost reduction in architectural engineering.

Research on Design of Mixed Reality Interface Based on Spatial Perception

  • Wei, Li;Cho, Dong-Mi
    • Journal of Korea Multimedia Society
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    • v.24 no.6
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    • pp.815-824
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    • 2021
  • Based on the theory of space perception, this paper concludes that the mixed reality application under the theory of space perception has a three-level definition of visual hierarchy and then analyzes the component elements of interface design and the classification mode of interface windows. Next, carry out case practice research through this theoretical definition, and finally conduct the survey and analysis of questionnaire data, verifying that the mixed reality interface design based on spatial perception theory meets the user experience elements of Usability, Availability, and Attraction. The conclusion is that the constituent elements of interface design and the window classification mode can provide specific and practical design specifications for mixed reality interface design, reduce the interaction cost of completing tasks, reduce users' cognitive load, and make it easier for users to receive interface information

A Study on the Application of RCM(Reliability Centered Maintenance) to KTX(Korea Train express) (고속철도차량(KTX) RCM 적용에 관한 연구)

  • Lim Byeong-Ok;Yoon Deok-Gyun
    • Journal of the Korean Society for Railway
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    • v.8 no.5
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    • pp.470-476
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    • 2005
  • RCM developed by American air industry in early 1960, its process is most realistic for some physical assets and it permits the system to maintain given function status through decision of demand about optimum maintenance. Therefore, many industries have selected RCM technique and have carried out RCM in order to solve many problems concerning maintenance management as improvement of reliability and availability of facilities, removal of hazard element about break down and retrenchment of maintenance cost. Through the execution of RCM, we can solve actual problems. And finally we will be able to develop more and more maintenance activities with RCM notion. In this study, we will consider the application of KTX-RCM which is set up with basic theory of RCM and constructed to improve vehicle safety, availability and regularity of KTX, linking with CMMS(Computerized Maintenance Management System).