• Management Science and Financial Engineering
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• v.13 no.2
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• pp.29-46
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• 2007

This paper makes an attempt to compare the two important methods for finding solutions of multi-item inventory problem with more than one conflicting objectives. Panda et al.[9] discusses a distance-based method to find the best possible compromise solution with variation of priority under the given weight structure. In this paper, the problem in [9] is revisited through the Pareto-optimal front of genetic algorithm with the help of a situation of retail stocking of FMCG business. The advantages of using the solutions from the perspective of the decision maker obtained through multi-objective optimization are highlighted in terms of population search, weighted goals and priority structure, cost, set of compromise solutions along with prevention of stock-out situation.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.44
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• pp.181-210
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• 2009

This paper discusses global expansion and global strategies of shipping firms. Acknowledging the lack of research on global expansion by freight transport companies, this paper employs the resource-focused model, and explores "why shipping companies emerge" and "why the strategic behaviour of shipping companies is different in the global market". Despite there being a plethora of theoretical and empirical studies on the international operations of business organisations, it is acknowledged that researchers have largely neglected the issues regarding the international expansion within the freight transport industry. Identifying the general lack of contemporary studies concerning the international behaviour of shipping firms, this study addresses the important gap in our knowledge in the theoretical manner. The theoretical analysis suggests that the shipping company's internal resources can be a real reason for the international market participation.

• Korean Management Science Review
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• v.16 no.1
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• pp.187-201
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• 1999

In this paper, we propose a multi-layered architecture of workflow management systems based on CORBA (Common Object Request Broker Architecture). The system aims to support product development processes in distributed environment. Many companies have started to adopt workflow management systems to manage and support their business processes. However, there are many problems in direct application of those systems to product development environments. These mainly resulted from the dynamic features of product development processes. It is strongly required to support dynamic processes as well as static and procedural ones in an integrated and consistent manner. To meet these requirements, a basic workflow management system has been developed as the core component of the integrated architecture. This performs the basic functions of workflow management system. Second, a dynamic workflow management system based on a bidding mechanism has been developed to manage processes that cannot be easily defined or are likely to be modified, Finally, an SGML workflow management system, which is the third layer in the architecture, has been developed to manage documents processing workflows by integration SGML documents contents and process information into the structured SGML document.

• Korean Management Science Review
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• v.14 no.1
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• pp.87-105
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• 1997

There have been lots of research on temporal data management for the past two decades. Most of them are based on some logical data model, especially on the relational data model, although there are some conceptual data models which are independent of logical data models. Also, many properties or issues regarding temporal data models and temporal query languages have been studied. But some of them were shown to be incompatible, which means there could not be a complete temporal data model, satisfying all the desired properties at the same time. Many modeling issues discussed in the papers, do not have to be done so, if they take object-oriented data model as a base model. Therefore, this paper proposes a temporal data model, which is based on the object-oriented data model, mainly discussing the most essential issues that are common to many temporal data models. Our new temporal data model and query language will be illustrated with a small database, created by a set of sample transaction.

• Korean Management Science Review
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• v.14 no.1
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• pp.107-129
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• 1997

Demand for new information services is ever increasing as information technology advances in an unprecedented pace. Capabilities of information technology to overcome the time and space limitations enables efficient storage and processing of a large volume of data shared by many users in geographically dispersed areas. As the users ask for more useful information services, it is necessary to develop information services tp meet the needs of users. Enhancing information services is also necessary to cope actively with the pressures to open the information service is also necessary to cope actively with the pressures to open the information and telecommunications market as the level of Korean information services industry is still in its infancy. Value Added Network(VAN) services have a tremendous growth potential and its economic and social impact would be great as the information society matures. This study suggests a direction for the development of value added and new-media services based on the survey of individual and business users of information services.

• Korean Management Science Review
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• v.16 no.1
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• pp.173-186
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• 1999

Recently many firms are introducing the cellular manufacturing system(CMS) as a means of achieving manufacturing efficiencies. However, most of the research on CMS was mainly for determining the cell formation problems. Since the goal of the CMS is not only a increase production efficiencies, but also to enhance the competitive stength of a firm, it would be reasonable to assume CMS as a business reengineering module rather than an independent technique. The purpose of this study is to align the CMS with reengineering, to present an integrated methodology for constructing the CMS, and to apply the CMS to a firm and verify it. The paper concludes with a brief description of the lessons learend by the CMS project and the limitations of the research are described.

• Korean Management Science Review
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• v.31 no.4
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• pp.29-42
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• 2014

As society proceeds rapidly toward a knowledge-oriented stage, knowledge as an intangible asset has gained increasing importance. Companies increase their competitiveness and generate extra value through continuous investments in the management of intellectual property (IP). Thus, the prime concerns of companies have been protection of their technological innovation output through filing for IP rights, and maximization of their interests through utilization of intangible assets. Despite the importance of technological innovation in the management of a company, few studies have analyzed the key factors in the management of IP and activities for technological innovation. This study aims to derive policy implications for managing IP and effective capacity building for technological innovation. For this purpose, the author has employed empirical tests to identify the major factors influencing the direction of technological innovations in a company.

• Korean Management Science Review
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• v.31 no.2
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• pp.65-70
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• 2014

This paper considers a single machine scheduling problem to determine release and processing times where both the release times and processing times are linearly decreasing functions of resources. The objective is to minimize the sum of the associated resource consumption cost and scheduling cost including makespan, sum of completion times, maximum lateness, or sum of lateness. This paper proves that the scheduling problem is NP-hard in the strong sense even if the release times are constant.

• Asian Journal of Business Environment
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• v.6 no.1
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• pp.13-17
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• 2016

Purpose - Purpose of paper is to clarify this PPP((Public Private Partnerships)'s essence and advantages as well as disadvantages, and then it will take it out some conclusions and implication together. To do so, PPP should be examined carefully and then landlord port will be investigated in view of PPP, then, it will give some implications whether or not PPP is successful to apply more port in concern. Research Design, data, and methodology - The methodology that I take is to look into both PPPs and then to look intp landlord port in view of PPP. By doing so, it can be more understandable to PPP in port industry. Results - It can be found that landlord port system is more valuable and applicable instrument to adapt for port competitiveness and productivity, which leads to efficient port management. Conclusions - Landlord port system is an alternative instrument to be apply to port management in terms of PPP, and it has been justified that many worldclass port has taken this landlord port management system.

• Asian Journal of Business Environment
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• v.3 no.1
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• pp.5-16
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• 2013

Purpose - Micro-finance institutions (MFIs) are critical to Vietnam's quest for poverty alleviation among the poor in the rural and agrarian communities. The current study attempts to investigate the impact of microfinance outreach programs undertaken by formal and semi-formal MFIs in Vietnam targeting the poor rural and agrarian communities. Research design, data, methodology - An enquiry was made as to whether the poor and rural communities accessed the micro credit offered by Government supported MFIs and NGOs through their microfinance outreach programs. Furthermore, the current study attempted to explore if the current mode of operations adopted by MFIs in Vietnam is sustainable. Results -The findings indicate that significant progress has been made in Vietnam to alleviate poverty among the poor rural communities through micro finance outreach programs. Conclusions - There are also pointers of MFIs sustainability in Vietnam. However, it still remains to be seen if the current sustainability pointers are long lasting without government subsidies or some international organizations financial support to microfinance outreach programs.