• Title/Summary/Keyword: Business Operations

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Anticipated Benefits of electronic Commerce and Competitive Strategies (전자상거래를 통한 국내 인터넷 쇼핑몰 업체들의 기대 이득과 경쟁전략)

  • 장시영;이정섭
    • Korean Management Science Review
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    • v.17 no.3
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    • pp.31-47
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    • 2000
  • The widespread diffusion of Internet has enables companies to conduct business in quite a different way. marketing on the Internet becomes more important as firms adopt electronic commerce as a means to implement competitive strategies. One hundred and four BC shopping mall companies responded to an e-mail and web server survey about the anticipated benefits of electronic commerce and related strategies. The survey also asked about improvements in value chain activities and impediments to the implementation of electronic commerce in Korea. The results indicated that Korean shopping mall companies followed differentiation strategy significantly more than the other two strategies. In addition, six benefits factors were drawn from this study - information, productivity, cost savings, customers, management information, and applications. Productivity factor was related to cost leadership strategy, and customers factor was related with cost leadership, differentiation and focus strategies. Several benefits factors were also correlated with value chain activity improvements. The results of this study were compared with those of research conducted in the United States.

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Greenhouse Gas Emission Inventory Calculation of Korean Glass Industry through the Bottom-up Production Process Analysis (상향식 공정분석을 통한 국내 유리산업의 온실가스 인벤토리 산정)

  • Paik, Chunhyun;Chung, Yongjoo;Yoo, Jonghoon
    • Korean Management Science Review
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    • v.32 no.1
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    • pp.101-111
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    • 2015
  • The glass production is classified into an energy intensive industry. This study develops a systematic procedure to derive Greenhouse Gas (GHG) emission inventory for the Korean glass industry. Based on the bottom-up approach in which the energy intensity in each production process is characterized, the EBs (energy balances) of glass production processes are derived. And the GHG emission is calculated for each of four types of glasses-flat glass, container glass, fiber glass, and LCD glass.

Firm Size and Different Behaviors in IT Investment Decisions

  • Shim, Seon-Young;Lee, Byung-Tae
    • Management Science and Financial Engineering
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    • v.16 no.2
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    • pp.99-114
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    • 2010
  • The influencing factors of large-scale IT investment decisions are rarely investigated in an empirical perspective. We find out different behaviors in IT investment decisions according to the size of organization. Large scale IT-investment decisions (e.g. system downsizing) can be the outcome of decision-makers' motivation to adopt and control new IT systems- However, this phenomenon is salient in the large-sized organization rather than small-sized ones. Based on our investigation, we predict general IT decision-making behaviors in organizations when making IT investment decisions.

Determining Absolute Interpolation Weights for Neighborhood-Based Collaborative Filtering

  • Kim, Hyoung-Do
    • Management Science and Financial Engineering
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    • v.16 no.2
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    • pp.53-65
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    • 2010
  • Despite the overall success of neighbor-based CF methods, there are some fundamental questions about neighbor selection and prediction mechanism including arbitrary similarity, over-fitting interpolation weights, no trust consideration between neighbours, etc. This paper proposes a simple method to compute absolute interpolation weights based on similarity values. In order to supplement the method, two schemes are additionally devised for high-quality neighbour selection and trust metrics based on co-ratings. The former requires that one or more neighbour's similarity should be better than a pre-specified level which is higher than the minimum level. The latter gives higher trust to neighbours that have more co-ratings. Experimental results show that the proposed method outperforms the pure IBCF by about 8% improvement. Furthermore, it can be easily combined with other predictors for achieving better prediction quality.

Exploring Silver ICT Convergent Typology and ICT Contribution Value (실버산업의 ICT 융합 유형과 ICT 기여 가치 탐색)

  • Han, Hyun-Soo;Kang, Tae-Wook
    • Korean Management Science Review
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    • v.34 no.1
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    • pp.57-70
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    • 2017
  • The phenomenon of increasing aging population is one of the crucial social and economic issues in these day. In this paper, drawn from the industrial application cases and relevant literatures, we present the typology of ICT convergent applications targeted for silver generation, referred as silver ICT. Subsequently, the contributional value of ICT as the enabling technology is estimated. We firstly conduct keyword search to collect currently used silver ICT applications. Secondly, drawn from the social welfare literature, we organize distinctive needs of the silver generations. Then, on the basis of task technology fit framework, typology of ICT enabled silver applications is organized through the fit of ICT in the sense of fulfilling those silver needs. Finally, using the industry input-output table figures, potential ICT contributions for silver ICT are estimated. The proposed silver ICT typology and ICT contributions provides useful insights for further research in the area of ICT convergence and silver market research.

BPM 기반의 ISO 9001 온라인 품질경영시스템 구축

  • Kim, Sang-Guk;Lee, Seung-Min;Gang, Mu-Yeong
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2006.11a
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    • pp.360-365
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    • 2006
  • Most organizations adopt a process-based approach to manage their operations and now business process management(BPM) is a well-established concept. Because ISO 9001:2000 emphasizes process based, Korea Institute of Science and Technology Information has taken ISO 9001:2000 certificate in November 11, 2003 and now implements quality management systems based on BPMS further applies Hypertext. We call it Online KQMS (KISTI Quality Management System). And Online KQMS is implemented under a platform independent framework based on the web environment. Online KQMS based on BPMS and Hypertext is a new example in field of ISO quality management and is expected to support process management well.

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Optimizing Performance of Wind Turbines

  • Kusiak, Andrew
    • 한국신재생에너지학회:학술대회논문집
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    • 2009.06a
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    • pp.467-470
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    • 2009
  • Variable loads along the drive-train are attributed to frequent failures of gears, bearings, and other components. Wind parameters cannot be controlled and therefore any turbine load-reducing remedies must be established based on proper insights into the wind-turbine interactions. A novel control concept to performance optimization of wind turbines is presented. This proposed concept is based on analysis of the turbine status reflected in the SCADA data. Modern computational techniques are used to optimize performance of a wind turbine from tree basic perspectives: drive-train, power output, and power quality. The proposed approach demonstrates that gains in the metrics representing the three perspectives and the corresponding control goals can be significantly improved for any wind turbine. The solution is applicable different turbine types operating in different wind regimes, e.g., winds of different speeds and variability. Simple and transparent parameters allow an operator to determine a balance between the operations and maintenance, technical, business objectives. The proposed modeling framework was embedded in software. The software tool has been tested on the data collected from 1.5 MW wind turbines.

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A Study of IT Environment Scenario through the Application of Cross Impact Analysis (교차영향분석의 작용을 통한 국내 IT 환경 시나리오에 대한 연구)

  • Kim Jin-han;Kim Sung-hong
    • Korean Management Science Review
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    • v.21 no.3
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    • pp.129-147
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    • 2004
  • Scenario analysis for strategic planning, unlike most forecasting methods, provides a qualitative, contextual description of how the present will evolve into the future. It normally tries to identify a set of possible futures, each of whose occurrence is plausible but not assured. In this paper, we propose the use of Cross Impact Analysis(CIA) approach for scenario generation about the future of Korean IT environments. In this analysis, we classified IT environments into technical, social, legislative, and economic factor. And various variables and events were defined in each factor. From the survey collected from IT related experts, we acquire probability of occurrence and compatibility estimates of every possible pairs of events as input. Then 2 phase analysis is used in order to choice events with high probability of occurrence and generate scenario. Finally, after CIA using Monte Carlo simulation, a detail scenario for 2010 was developed. These scenario drawn from the CIA approach is a result considered by cross impacts of various events.

DESIGNING AN INTEGRATED STOCKING AND TIE-IN PROMOTION POLICY

  • Lee, Chang-Hwan
    • Management Science and Financial Engineering
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    • v.7 no.1
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    • pp.1-26
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    • 2001
  • Assume a company sells two products (a and B) in a retail market. the company adopts a specific promotion mechanism, Tie-in Promotion, in which product A's promotional discount coupon is distributed whenever a consumer purchases product B. Product A will later e sold at a markdown price when consumers eventually take the opportunity to redeem the coupon. in the integrated tie-in promotion and stocking policy, we assume managers of two products coordinate by sharing information on the demand forecast and deciding the order quantities and tie-in promotion program to maximize joint profits. The optimal integrated tie-in policy is analyzed. The integrated tie-in promotion model is then compared with two other base models: (1) a decentralized Newsboy model in which no promotion is considered, and (2) an individual promotion model in which managers design a promotion program to promote one of the two products directly. The factors that make an integrated tie-in promotion a better approach are studied.

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The Impact of Introducing Information Technology to the Service Part Logistics (서비스부품 로지스틱스의 정보기술 도입 효과)

  • Seo, Sang-Beom;Park, Myung-Sub
    • Korean Management Science Review
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    • v.23 no.3
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    • pp.209-224
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    • 2006
  • The mobile communication technology would be one of the most appropriate means for achieving process innovation in the actual business area. This article performs a simulation study to examine the effect of introducing a mobile technology to the after-sales service and its logistics process. The performances of the two different systems, before and after introducing a mobile technology, are examined based on operational cost, operational efficiency, and customer service level using a discrete event simulation. The real-world data, extracted from a leading Korean electronics firm, was collected for this study. The results show that the TO-BE(after) model outperforms the AS-IS(before) model over all the performance indices. And the effects of introducing the mobile technology are more significant on the more tightly controlled inventory policy.