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Service level in multiechelon Inventory systems (다단계 재고시스템에서의 서비스수준에 관한 연구)

  • 어윤양
    • The Journal of Fisheries Business Administration
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    • v.30 no.2
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    • pp.25-37
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    • 1999
  • Some multi echelon inventory systems carry perishable products. The value of these product reduces as the period of time they spend in the system. In this paper We derive the necessary condition to determine optimal quantity, service level for a perishable product. The systems considered consist of two echelons and carry single item. To determine the optimal order quantity, the demand is assumed to be constant, the holding costs may be different in the echelons, and it allows no shortages. I assumed the price of product decreases by negative exponential function. To determine service level, following assumptions used in the model ㆍlead time is constant. ㆍdemand is normal distribution. ㆍthe product starts to perish at the second echelon. Service level is computed for different levels of lead times and for different variance of demands and for different price functions. The experimental results indicate that the service level in cost is a function of service level in demand and perishability of product. Results of the models exhibit that perishability and the age of the product are critical to determine the lot sizing and service level.

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The Impact of Reference Groups and Product Familiarity on Indian Consumers' Product Purchases

  • Yu, Jong-Pil;Dutta, Payal Kaishap;Pysarchik, Dawn Thorndike
    • Journal of Global Scholars of Marketing Science
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    • v.17 no.2
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    • pp.75-97
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    • 2007
  • Less than 3% of India's food basket, consists of processed food, therefore processed food can be viewed as an innovation or new product to Indian consumers. This research investigates the effects of product familiarity and reference groups on Indian consumers' attitudes and purchase behavior of new processed food products. For the study, the model is developed by modifying Cambel and Goodstein's (2001) "Moderate Incongruity Effect" to include important cross-cultural influences on attitudes and purchase decisions among Indian consumers. Empirical analysis was conducted through structural equation modeling (SEM). SEM results indicated that reference group influence has a stronger positive effect on consumers' attitudes and actual purchase behavior of more familiar processed foods than of less familiar processed food. In addition, attitudes have a stronger positive effect on consumers' actual purchase of more familiar than of less familiar processed foods.

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Propagation of Engineering Changes for Supporting Consistent Product Data View (일관된 제품자료관점을 지원하는 설계변경 전달에 관한 연구)

  • 도남철
    • Korean Journal of Computational Design and Engineering
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    • v.8 no.2
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    • pp.90-100
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    • 2003
  • Engineering change (EC) objects are the data structure and related operations that can support applications for EC procedures or processes. Their functionalities include controlling management data, specifying related product structure, and archiving a history of product structure changes for EC management. In this paper we introduce a systematic approach to support the propagation of changes between different product structure views using the history of structure changes in EC objects. The change propagations supported by EC objects enable designers to maintain the consistency of multiple product structure views for engineering, manufacturing or even customer support applications. This paper also includes EC examples and experimental implementations for the proposed EC objects.

Production of Retort Food using Soybean Curd Residue (비지를 이용한 Retort Food의 제조)

  • Chun, Kie-Hwan;Kim, Byung-Yong;Hahm, Young-Tae
    • Korean Journal of Food Science and Technology
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    • v.30 no.6
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    • pp.1327-1332
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    • 1998
  • The optimum thermal condition of retort Biji product was determined by heat penetration curve, aerobic bacteria count and sensory test. Retort Biji showed a simple logarithmic heating curve regardless of solid content. Heating time was a $26{\sim}27$ min until Fo value reached 9 min and the amount of microorganism in the Biji product sterilized for 26 min at $121^{\circ}C$ were decreased to $10^{-4}\;CFU/g$, indicating the safe range for retort product. The rate of heat penetration was reduced as solid content and size of product were increased, whereas sterilization temperature and initial temperature of product influenced the heat penetration curve. Sensory scare indicated that there was no significant difference in color, flavor, and appearance among different thermal processes. However, Biji product sterilized at $121^{\circ}C$ showed the highest score in overall preference value.

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Seoul Tourists' Perceived Product Satisfaction and Retail Competitiveness during Fashionable Product Shopping - Comparing Japanese, Chinese, and USA Tourists - (서울방문 외국인의 관광쇼핑 시 패션상품만족도와 점포경쟁력 지각이 관광만족도와 충성도에 미치는 영향 - 일본, 중국, 미국관광객 비교 -)

  • Kim, Hyun-Sook;Choi, Eun-Jung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.33 no.9
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    • pp.1441-1451
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    • 2009
  • This study analyzed the strategic importance of fashionable products in order to increase the tourism allure of Seoul. Data were collected from the 758 foreign tourists visiting Seoul from Japan, China, and the USA. The survey was statistically analyzed by chi-square, regression, and ANOVA method. The fashionable products were found to be the most frequently shopped product category and the clothing product was identified to be the most preferred. The retail store area with the greatest market share was identified as Myundong. Product satisfaction with fashionable products is identified to have a positive relationship with tourism satisfaction and royalty to Seoul. A strategic focus on fashionable products is recommended for an increased tourism competency.

Optimal Disposal Policy in a Hybrid Production System with Manufacturing and Remanufacturing (신제품 생산과 회수제품 재가공이 이루어지는 생산시스템에서 최적 처분 정책에 대한 연구)

  • Kim, Eun Gab
    • Journal of Korean Institute of Industrial Engineers
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    • v.33 no.3
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    • pp.312-321
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    • 2007
  • We address a disposal issue of returned products in a product recovery system where a single product is stocked in order to meet a demand from customers who may return products after usage. Product returns occur randomly and can be accepted for remanufacturing or disposed of depending on the state of the system. We examine the structure of the optimal disposal policy for returned product that utilizes the information of the inventory of both serviceable and remanufacturable products. Numerical study indicates that it can be characterized by a monotonic threshold type of the curve. A disposal is allowed only when the remanufacturable inventory level exceeds a threshold which is the function of the inventory level of serviceable product and it is decreasing as the serviceable inventory level increases. Sensitivity analysis also indicates that the optimal disposal policy and the optimal profit have monotonic properties with respect to system parameters.

CHARACTERIZATION OF WARPED PRODUCT SUBMANIFOLDS OF LORENTZIAN CONCIRCULAR STRUCTURE MANIFOLDS

  • Hui, Shyamal Kumar;Pal, Tanumoy;Piscoran, Laurian Ioan
    • Communications of the Korean Mathematical Society
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    • v.34 no.4
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    • pp.1303-1313
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    • 2019
  • Recently Hui et al. ([8,9]) studied contact CR-warped product submanifolds and also warped product pseudo-slant submanifolds of a $(LCS)_n$-manifold $\bar{M}$. The characterization for both these classes of warped product submanifolds have been studied here. It is also shown that there do not exists any proper warped product bi-slant submanifold of a $(LCS)_n$-manifold. Although the existence of a bi-slant submanifold of $(LCS)_n$-manifold is ensured by an example.

A NOTE ON GCR-LIGHTLIKE WARPED PRODUCT SUBMANIFOLDS IN INDEFINITE KAEHLER MANIFOLDS

  • Kumar, Sangeet;Pruthi, Megha
    • Communications of the Korean Mathematical Society
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    • v.36 no.4
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    • pp.783-800
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    • 2021
  • We prove the non-existence of warped product GCR-lightlike submanifolds of the type K × λ KT such that KT is a holomorphic submanifold and K is a totally real submanifold in an indefinite Kaehler manifold $\tilde{K}$. Further, the existence of GCR-lightlike warped product submanifolds of the type KT × λ K is obtained by establishing a characterization theorem in terms of the shape operator and the warping function in an indefinite Kaehler manifold. Consequently, we find some necessary and sufficient conditions for an isometrically immersed GCR-lightlike submanifold in an indefinite Kaehler manifold to be a GCR-lightlike warped product, in terms of the canonical structures f and ω. Moreover, we also derive a geometric estimate for the second fundamental form of GCR-lightlike warped product submanifolds, in terms of the Hessian of the warping function λ.

The Impact of Conspicuous Consumption and Perceived Value on New Product Adoption Intention

  • Cui, Meixiang;Im, Subin
    • Asia Marketing Journal
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    • v.23 no.1
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    • pp.63-94
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    • 2021
  • Unidimensional construct of conspicuous consumption which focuses on the ostentation of the economic assets are limited in describing today's consumers. We propose that both ostentation of social status and demonstration of uniqueness through overt consumption should be considered in the realm of conspicuous consumption. This research aims to examine the two dimensions of conspicuous consumption tendencies and their impact on new product adoption intention, which is mediated through the perceived value of the new products. This research empirically validates the theoretical conjecture by conducting an online survey (N=272). Our empirical findings reveal that ostentation of social status influences new product adoption intention both directly and indirectly through perceived social value, while demonstration of uniqueness improves new product adoption intention only indirectly through perceived utilitarian and hedonic value. This research identifies the ostentation of social status and demonstration of uniqueness as two dimensions of conspicuous consumption and refines scales to measure them. In addition, this research identifies conspicuous consumption as a driver of new product adoption intention and recognizes the mediating role of perceived value.

Product Classifications Revisited with Transparency Effect: A Forgotten Link Between Consumer Research and Marketing Strategy

  • Suh, Jaebeom;Deeter-Schmelz, Dawn;Suh, Taehyun;Jin, Hyun Seung
    • Asia Marketing Journal
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    • v.20 no.1
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    • pp.49-68
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    • 2018
  • It is appropriate and useful to interpret some product classification schemes as buyer behavior models; such classifications permit investigations of discrepancies between classification predictions and actual buyer behavior. We review existing product classifications and identify underlying behavioral assumptions of various classification schemes that have been used in the marketing discipline for more than nine decades. Recognizing the irrelevance of existing product classifications for current products, we propose a new reclassification framework by incorporating transparency concepts. Based on this extended product classification, we highlight the potential roles of product classification study as an important link between consumer research and marketing strategy, emphasizing behavioral implications.