• Title/Summary/Keyword: Business Events

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Multi-hazard vulnerability modeling: an example of wind and rain vulnerability of mid/high-rise buildings during hurricane events

  • Zhuoxuan Wei;Jean-Paul Pinelli;Kurtis Gurley;Shahid Hamid
    • Wind and Structures
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    • v.38 no.5
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    • pp.355-366
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    • 2024
  • Severe natural multi-hazard events can cause damage to infrastructure and economic losses of billions of dollars. The challenges of modeling these losses include dependency between hazards, cause and sequence of loss, and lack of available data. This paper presents and explores multi-hazard loss modeling in the context of the combined wind and rain vulnerability of mid/high-rise buildings during hurricane events. A component-based probabilistic vulnerability model provides the framework to test and contrast two different approaches to treat the multi-hazards: In one, the wind and rain hazard models are both decoupled from the vulnerability model. In the other, only the wind hazard is decoupled, while the rain hazard model is embedded into the vulnerability model. The paper presents the mathematical and conceptual development of each approach, example outputs from each for the same scenario, and a discussion of weaknesses and strengths of each approach.

Vocabulary Definition for Describing Business Process Events of International Logistics on EPCIS (EPCIS 국제물류 비즈니스 프로세스 이벤트 기술을 위한 어휘 정의)

  • Lee, Sun-Young;Bae, Woo-Sik;Lee, Jong-Yun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.2
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    • pp.334-344
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    • 2009
  • The EPCglobal Network is a system which provides the information of items to suppliers, consumers, and customers by granting identification numbers on the goods based on the technologies of EPC(Electronic Product Code) and RFID(Radio Frequency Identification), and connecting the space to store those information by network. The EPCglobal architecture framework is also a service consolidating supply and process chain by using EPC for the common goal of business corporations. In the national level, it is necessary to define standard vocabularies for each location and logistics business process for RFID environment using the pre-constructed logistics information infrastructure. Therefore, we define the standard vocabularies and partially user vocabularies for international logistics on EPCglobal network architecture. Finally, we believe that our vocabularies contribute to describing the events fur the EPCglobal network architecture and actually providing usable platform via the XML implementation.

Pattern-based RFID Logistic Process Triggering Using Complex Event (복합 이벤트를 이용한 패턴 기반 RFID 물류 프로세스 트리거링)

  • Yu, Yeong-Woong;Bae, Hye-Rim;Das, Sajal K.;Koo, Hoon-Young
    • The Journal of Society for e-Business Studies
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    • v.14 no.4
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    • pp.315-332
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    • 2009
  • In logistic environments, a process, in that it manages the flow of materials among partners, involves more than one organization. In this regard, a logistic process, as a combined process consisting of multiple sub processes, needs to be managed with controling interaction among partners. In achieving systematic management of a logistic process, traditional Business Process Management (BPM) cannot be used for the entire flow, since it lacks the ability to manage interactions among partners. Particularly in logistic environments where RFID technologies are used, how to deal with the connection between RFID event and logistic flow has not been properly addressed. To overcome this limitation, this paper proposes a new method of managing multi-organizational logistic processes based on RFID events. We define inter-workflow pattern, and suggest ECA(Event-Condition-Action) rules for auto triggering of logistic processes. To adjust the rules to RFID events, we invent RFID-based ECA rules using complex event. A prototype system has been developed for the purpose of demonstrating the effectiveness of our approach.

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A simulation technique to create dataset of RFID business events (RFID 비즈니스 이벤트 데이터셋의 생성을 위한 시뮬레이션 기법)

  • Ryu, Wooseok
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2013.10a
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    • pp.289-291
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    • 2013
  • As an wireless identification technology, RFID is now extending its application area including logistics, medicine, and healthcare. Adoption of RFID demands high cost such as h/w, s/w, and so on. To adopt RFID, we need to evaluate validity of application area and feasibility of RFID S/W such as EPC Information Service (EPCIS), which demands a variety of RFID test datasets. In this paper, I propose a novel method for generating RFID business events dataset by means of the simulation of RFID application environment. Proposed method can generate near-real RFID event dataset by means of representing various RFID application environment into abstract network model based on petri-net. In addition, it can also be useful when determining adoption of RFID as well as when evaluating RFID system.

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An investigation into the Online Sales Channels of Small Business Fashion Retailers on Portal Shopping and Fashion Shopping Malls (소상공인 패션판매업자의 온라인 판매채널 연구: 포털쇼핑몰과 패션쇼핑몰(종합물/전문몰)을 중심으로)

  • Son, Mi Young
    • Human Ecology Research
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    • v.59 no.4
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    • pp.449-463
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    • 2021
  • The aim of this study was to analyze the perceptions and entering status of small business online fashion retailers on portal shopping and fashion shopping malls. Case studies were conducted on a total of 10 research samples. The results were as follows: first, regarding the strategic factors of online fashion stores, 'price competitiveness' is important, especially in portal shopping and low-cost brands; 'product assortment' is important but not essential in all platforms; and 'differentiation' is important to continuously secure loyal customers in fashion shopping malls. Customer satisfaction leads to customer loyalty, and customer loyalty affects the sales conversion rate and brand growth of online sales channels. Factors that promoted sales activities in online sales channels were exposure, advertisements, SNS, events, special exhibitions, and events. Hindrance factors were low price competition, overheated competition, and the MD of sales channels. Second, the research samples used multiple online sales channels, including portal shopping malls and fashion shopping malls, in addition to their own malls. The selection factors were platform reputation and commission, branding, and customer inflow through exposure. Portal shopping malls were perceived as providing easy access, advertising/customer communication, exposure/search, price competitiveness, scalability, and intense competition, whereas fashion shopping malls were perceived as providing a brand image and concept, brand promotion, high commissions, difficult entry, and low profits. The factors for success in portal shopping malls were exposure/search, price competitiveness, and brand recognition, whereas the factors for success in fashion shopping malls were differentiation, brand, exposure/advertisement, product assortment, and MD.

A Study on the Effect of Career Shock Experienced in the COVID-19 Pandemic on the Level of Subjective Career Success Perception. (코로나19 팬데믹 상황에서 경험한 커리어쇼크가 주관적 경력 성공 인식 수준에 미치는 영향에 관한 연구)

  • Jin Kim;Jong Seok Cha;Na Jung Kim
    • Asia-Pacific Journal of Business
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    • v.14 no.2
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    • pp.85-100
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    • 2023
  • Purpose - The purpose of this study is to identify the factors of shocking events in the career aspect experienced by Korean workers in the context of the Covid-19 pandemic, and to find out whether these career shocks affect individual perceptions of the importance of subjective career success. Design/methodology/approach - In the survey of 146 respondents, the career shock events experienced in the context of the Covid-19 pandemic were largely divided into three categories; 'work change', 'employment anxiety', and 'life anxiety'. For the subjective career success, seven dimensions - 'financial security', 'financial achievement', 'entrepreneurship', 'positive relationship', 'positive impact', 'learning and development', 'work-life balance' - were used. Findings - As a result, there was no difference in the perception of subjective career success due to the experience of 'work change' during the Covid-19 period. However, the respondents who experienced 'employment anxiety' came to recognize that 'financial security' and 'financial achievement' were more increasing in terms of the degree of difference of importance. And respondents who experienced 'lifetime anxiety' perceived that the degree of difference of importance was increasing in the six dimensions except for 'social influence'. Particularly, the increase in the importance of 'work-life balance' and 'positive relationship' was found to be the greatest among the career success dimensions. Research implications or Originality - Finally, it was concluded that changes in the external environment such as Covid-19 pandemic influence as a career shock and affect the level of importance in subjective career success perception. Based on the results, the theoretical implication on current career study and some practical implications for organizational career management were suggested.

SME Profitability of Trade Credit during and after a Financial Crisis: Evidence from Korea

  • KWON, Ohsung;HAN, Seung Hun;LEE, Duk Hee
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.35-47
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    • 2020
  • An economic downturn can occurred through unexpected events in various fields, such as the subprime mortgage crisis and the outbreak of Coronavirus Disease-2019 (COVID-19). Trade credit is important for small- and medium-sized enterprises (SMEs), especially during a monetary contraction, as it is the last option for firms that lack bank credit. This study aims to determine whether trade credit is profitable for the buyer and supplier firms during and after a financial crisis. We use panel data consisting of all trade credit transactions and financial statements of 5,751 Korean firms during the period 2008-2012. It shows that trade credit is more profitable for both buyers and suppliers in the post-crisis period than during the crisis. Moreover, trade payable is more effective for unconstrained buyers than for constrained buyers. Finally, a mixed strategy is superior to an aggressive or passive strategy of SMEs. The results suggest less profitability of trade credit during a period of contraction and greater sensitivity of the buyer SMEs, emphasizing the idiosyncratic liquidity strategy of each firm. This study can be helpful to develop a strategy of profitable trade credit for SMEs and to establish a policy of managing liquidity for the authority.

Marketing Strategy to lead Leisure sporting goods consumption to improve the leisure life of sports participants

  • SEONG, Dong-Ho
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.3
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    • pp.105-114
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    • 2022
  • Purpose - The sports business industry and contemporary sports marketing is an exemplary wide field that primarily comprises specific activities, numerous individuals, organizations, and business ventures. This research aims to provide a marketing strategy to lead Leisure sporting goods consumption to improve the leisure life of sports participants. Research design, Data, and methodology - The Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) was conducted to obtain the appropriate literature resources and total 15 previous resources selected by the present author after excluding papers based on screening process. Result - The literature analysis revealed that marketing practitioners in the sports and leisure industry should remember three significant solutions which are suggested. These solutions the following: (1) Brand Visibility, (2) Suitable Business Designs, and (3) Customers Support. They will enhance the perspective of consumption goods that foster leisure life to sporting participants following a well-advanced market strategy Conclusion - The sporting activities are generally inspiring, emotion provoking, immersive, rapidly growing profits and revenues, and engaging; hence, it is a great adventure of advancing customer orientation and a platform for growing the market. Therefore professionals have the responsibility to design sporting events in synergy with different stakeholders in ensuring improved and enjoyable experiences based on the marketing solutions of the current research.

Temporal Data Modeling for RFID Data in the Retail Industry

  • Yun, Hong-Won;Lee, Jung-Hwa
    • Journal of information and communication convergence engineering
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    • v.5 no.2
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    • pp.159-163
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    • 2007
  • RFID applications are mostly associated with the timestamp when the events occur. For managing RFID data we need to design data modeling for RFID data to support monitoring and temporal queries. In this paper, we propose a temporal RFID data modeling to maintain the history of events and state changes and to monitor the states of RFID objects. This data modeling involves essential basic operations for RFID data to monitor the information of RFID objects and to support temporal queries. Filter operations can achieve better query performance and obtain efficient storage space usage. It is possible to adapt into different temporal business applications.

Development of the Expert System for Guiding Japanese Style Food Menu (일식 메뉴 안내용 전문가 시스템의 개발)

  • 오혁수
    • Culinary science and hospitality research
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    • v.2
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    • pp.149-167
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    • 1996
  • A computer expert system for guiding Japanese style meal menu has been developed by using EXSYS Professional which is one of expert system developing software tools. The expert system nunderstands the situations of clients, and can guide the menu as human experts do by its software program with expert knowledge about the meal menu. In developing the expert system, the elements the clients consider when selecting menu were arranged as questions of the expert system, and the final outcome of the expert system resulted in selecting the final menu appropriate for the client demand, weather, health, etc. In hotel, the expert system can be shared by whole restaurants, and be directly a computer guider to the clients to tell the best choice of the menu. Besides, it can be used for various kinds of bangquets and events. Expert system has been developed and studied by business managers, manufactures, medical fields, and military field. But the studies for applying the expert system in the fields of foods have been scare. Through this study, therefore, the expert system is going to be applied more widely in many fields fo food events.

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