• Management Science and Financial Engineering
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• v.11 no.1
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• pp.1-24
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• 2005

The results of a study of the coordination effect in stocking and promotional markdown policies for a supply chain consisting of a retailer and a discount outlet (DCO) are reported here. We assume that the product is sold in two consecutive periods: the Normal Sales Period (NSP) and the subsequent Promotional Markdown Sales Period (PSP). We first study an integrated supply chain in which managers in the two periods design a common system so as to jointly decide the stocking quantities, markdown time schedule, and markdown price to maximize mutual profit. Next, we consider a decentralized supply chain. An uncoordinated contract is designed in which decisions are decentralized to optimize the individual party's objective function. Here, three sources of system inefficiencies cause the decentralized system to earn a lower expected system profit than that in the integrated supply chain. The three sources are as follows: in the decentralized system the retailer tends to (1) stock less, and (2) keep a longer sales period, and the DCO tends to (3) stock fewer leftovers inventories and charge a higher markdown price. Finally, a numerical experiment is provided to compare the coordinated model with the uncoordinated model to explore factors that make coordination an effective approach.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.68-74
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• 2007

Critical Chain Project Management(CCPM) is a new project management system paradigm which maintains the advantages of PERT/CPM and improves the shortcomings of it. In CCPM the task durations are determined as 50% time estimates, ie average time discarding the their contingency. CCPM determines the critical chain the constraint of a projects considering the logical precedence relationship and resource conflict resolution. Project buffer is located at the end of critical chain to absorb the variations of critical chain. The size of project buffer is usually calculated as the half of the sum of critical chain length. Also feeding buffer is inserted after each non-critical chain which feeding into the critical chain to prevent the time delay of critical chain from uncertainties of non-critical chains. Resource buffer can be utilized to improve the availability of resources of critical chain. Buffer management is a project execution and control mechanism. Buffers are classified into 3 zones. They are OK zone, Watch and Plan zone and Expediting zone. If the project status is within Watch and Plan zone, contingency plan is established. And if it changes into Expediting zone, the preplanned contingency plan are executed to recover the time delay. In CCPM the workers are asked to work with relay runner work mechanism that they work fast if possible and report their completion to project manager for the succeeding task to start as soon as possible. The task durations are not considered as the promised time schedule. The multi-tasking is prohibited.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2005.05a
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• pp.890-894
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• 2005

Coordination between supply chain partners is viewed critical to effective supply chain management. In many situations such as mutual investments or developing infrastructures for their operations related with each other, the coordination issue arises. Depending on the bargaining power balance between them, it is determined who will be able to exert more influence in making decisions related with such coordination. We consider two cases of the decision-making structure in the context of a simple supply chain consisting of two players, i.e., (1) the first case in which a supply chain partner dominates the decision-making process and the other passively follows the dominant player's decision, and (2) the other case in which the two players share the decision-making process equally. We examine which of the cases is better for the companies and where comes the value of the better case. To answer the research questions, we set up an optimal control theory model and derive an analytical solution. The analysis outcome indicates that the shared decision-making in general produces better results for both companies in the supply chain, and the value of the shared decision-making comes from more effective resource utilization than the dominated case.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2004.10a
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• pp.535-538
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• 2004

Coordination between supply chain partners is viewed critical to effective supply chain management. Depending on the bargaining power balance between them, it is determined who will be able to exert more influence in making decisions related with such coordination. We consider two cases of the decision-making structure in the context of a simple supply chain consisting of two players, i.e., (1) the first case in which a supply chain partner dominates the decision-making process and the other passively follows the dominant player's decision, and (2) the other case in which the two players share the decision-making process equally. In this paper, we examine which of the cases is better for the companies and where comes the value of the better case. To answer the research questions, we set up an optimal control theory model and derive an analytical solution. The analysis outcome indicates that the shared decision-making in general produces better results for both companies in the supply chain, and the value of the shared decision-making comes from more effective resource utilization than the dominated case.

• Korean Management Science Review
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• v.30 no.1
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• pp.149-165
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• 2013

This study empirically investigated the changes of performance evaluation systems under the environment of supply-chain e-commerce. The objectives of e-commerce include obtaining financial profit, internal innovation through processes integration, learning with information flow, and customer satisfaction through quick response. These objectives are generally consistent with the four evaluation measures of balanced scorecard(BSC). This study, first, demonstrated that perceived environmental uncertainty(PEU) has a significant effect on the adoptions of e-commerce and BSC, and severe competition positively influences the use of e-commerce. With cluster analysis and subgroup analysis, we also showed that under the high adoption levels of e-commerce, the high utilization of BSC can improve the supply-chain performance of a firm. In addition, it was found that the use of e-commerce indirectly and significantly affects supply-chain performance through inter-organizational information flow, and the supply-chain performance of a firm leads to the improvement of organizational performance.

• The Journal of Information Technology
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• v.9 no.1
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• pp.65-79
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• 2006

e-Marketplace is a business concept which is importantly considered in the area of marketing. e-Marketplace provides the public field in which multi-purchasers can efficiently trade with multi-suppliers. Supply Chain Management(SCM) is being widely acknowledged by the development of information technology. SCM is well known as one of the key issues lately. The complexity of supply chains and the associated potential opportunities for gaining a competitive edge by designing a product and process to support supply chain management can be significant. In order to achieve successful implementation of supply chain management system, companies should understand some barriers in implementation and set up effective and integrated information system. Standardization of logistics is needed through the unification of EDI, Bar Code, Pallet and so on. It's effect is magnified on Efficient Consumer Response such as efficient store assortment, efficient replenishment, efficient promotion and efficient product introduction. International logistics management is the integration of key business processes from original suppliers to end user that provides products, services and information that add value for customers. e-Logistics is being used in managing the international logistics. In this study, three basic e-SCM models for the strategic implementation of supply chain management are suggested. Among them, the virtual company can be the best one we can develop in order to cope with the individualized customer needs.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2003.11a
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• pp.342-345
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• 2003

Due to the rapid development of manufacturing and information technology, traditional supply chain scheme has been changed dramatically Most companies have been forced to relocate or redesign their logistics network in different countries. A supply chain partnership is a relationship formed between two independent members in supply chain through information sharing to achieve specific objectives and benefits in terms of reductions in total costs and inventories. This study illustrates the benefits of supply chain partnerships based on information sharing and lead-time patterns. We consider three level of information sharing: (1) immediate order information; (2) demand information; (3) inventory information. Given a fixed total lead-time, how lead-time distribution will affect the bullwhip effect and inventory cost under information sharing strategies. The results can help improving supply chain performance and selecting suitable direction for the re-configuration of supply chain network.

• Industrial Engineering and Management Systems
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• v.13 no.1
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• pp.15-28
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• 2014

Evaluation of the implementation and performance of a firm's green supply chain management (GSCM) is an ongoing process. Balanced scorecard is a multi-criteria evaluation concept that highlights implementation and performance measures. The literature on the framework is abundant literature but scarce on how to build a hierarchical framework under uncertainty with dependence relations. Hence, this study proposes a hybrid approach, which includes applied interpretive structural modeling to build a hierarchical structure and uses the analytic network process to analyze the dependence relations. Additionally, this study applies the fuzzy set theory to determine linguistic preferences. Twenty dependence criteria are evaluated for a GSCM implemented firm in Taiwan. The result shows that the financial aspect and life cycle assessment are the most important performance and weighted criteria.

• Korean Management Science Review
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• v.21 no.2
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• pp.1-14
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• 2004

This paper presents a review on the operations research modeis for environmental management including water, land, and air poliution in the environmental chain and including waste treatment, reverse logistics, and product recovery in the supply chain for last 30 years. The integrated and globalized environmental issues have given OR professionals a lot of natural opportunities for an effective environmental management with mathematical programming and computer simulation tool.

• Journal of the Korea Safety Management & Science
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• v.22 no.4
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• pp.65-74
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• 2020

Many of companies have made significant improvements for globalization and competitive business environment The supply chain management has received many attentions in the area of that business environment. The purpose of this study is to generate realistic production and distribution planning in the supply chain network. The planning model determines the best schedule using operation sequences and routing to deliver. To solve the problem a hybrid approach involving a genetic algorithm (GA) and computer simulation is proposed. This proposed approach is for: (1) selecting the best machine for each operation, (2) deciding the sequence of operation to product and route to deliver, and (3) minimizing the completion time for each order. This study developed mathematical model for production, distribution, production-distribution and proposed GA-Simulation solution procedure. The results of computational experiments for a simple example of the supply chain network are given and discussed to validate the proposed approach. It has been shown that the hybrid approach is powerful for complex production and distribution planning in the manufacturing supply chain network. The proposed approach can be used to generate realistic production and distribution planning considering stochastic natures in the actual supply chain and support decision making for companies.