• Title/Summary/Keyword: Decision-makers

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A Study on the Intelligent Quick Response System for Fast Fashion(IQRS-FF) (패스트 패션을 위한 지능형 신속대응시스템(IQRS-FF)에 관한 연구)

  • Park, Hyun-Sung;Park, Kwang-Ho
    • Journal of Intelligence and Information Systems
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    • v.16 no.3
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    • pp.163-179
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    • 2010
  • Recentlythe concept of fast fashion is drawing attention as customer needs are diversified and supply lead time is getting shorter in fashion industry. It is emphasized as one of the critical success factors in the fashion industry how quickly and efficiently to satisfy the customer needs as the competition has intensified. Because the fast fashion is inherently susceptible to trend, it is very important for fashion retailers to make quick decisions regarding items to launch, quantity based on demand prediction, and the time to respond. Also the planning decisions must be executed through the business processes of procurement, production, and logistics in real time. In order to adapt to this trend, the fashion industry urgently needs supports from intelligent quick response(QR) system. However, the traditional functions of QR systems have not been able to completely satisfy such demands of the fast fashion industry. This paper proposes an intelligent quick response system for the fast fashion(IQRS-FF). Presented are models for QR process, QR principles and execution, and QR quantity and timing computation. IQRS-FF models support the decision makers by providing useful information with automated and rule-based algorithms. If the predefined conditions of a rule are satisfied, the actions defined in the rule are automatically taken or informed to the decision makers. In IQRS-FF, QRdecisions are made in two stages: pre-season and in-season. In pre-season, firstly master demand prediction is performed based on the macro level analysis such as local and global economy, fashion trends and competitors. The prediction proceeds to the master production and procurement planning. Checking availability and delivery of materials for production, decision makers must make reservations or request procurements. For the outsourcing materials, they must check the availability and capacity of partners. By the master plans, the performance of the QR during the in-season is greatly enhanced and the decision to select the QR items is made fully considering the availability of materials in warehouse as well as partners' capacity. During in-season, the decision makers must find the right time to QR as the actual sales occur in stores. Then they are to decide items to QRbased not only on the qualitative criteria such as opinions from sales persons but also on the quantitative criteria such as sales volume, the recent sales trend, inventory level, the remaining period, the forecast for the remaining period, and competitors' performance. To calculate QR quantity in IQRS-FF, two calculation methods are designed: QR Index based calculation and attribute similarity based calculation using demographic cluster. In the early period of a new season, the attribute similarity based QR amount calculation is better used because there are not enough historical sales data. By analyzing sales trends of the categories or items that have similar attributes, QR quantity can be computed. On the other hand, in case of having enough information to analyze the sales trends or forecasting, the QR Index based calculation method can be used. Having defined the models for decision making for QR, we design KPIs(Key Performance Indicators) to test the reliability of the models in critical decision makings: the difference of sales volumebetween QR items and non-QR items; the accuracy rate of QR the lead-time spent on QR decision-making. To verify the effectiveness and practicality of the proposed models, a case study has been performed for a representative fashion company which recently developed and launched the IQRS-FF. The case study shows that the average sales rateof QR items increased by 15%, the differences in sales rate between QR items and non-QR items increased by 10%, the QR accuracy was 70%, the lead time for QR dramatically decreased from 120 hours to 8 hours.

Sustainability and International Environmental Agreements

  • Lin, Yu-Hsuan
    • Environmental and Resource Economics Review
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    • v.24 no.2
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    • pp.251-281
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    • 2015
  • This paper examines the perceptions of sustainability, which is conceptualised as cross-generational social preferences, on the formation of international environmental agreements (IEAs) in a two-stage game in two periods. There are two scenarios are considered: myopic and sustainable development scenarios. The myopic scenario assumes the decision makers only concern the present welfare. Whilst the scenario of sustainable development has two characters: cross-generational fairness and altruism. When both are taken into account, a coalition will be expanded. The numerical example indicates that the marginal cost of the total emissions is the crucial factor for the formation of IEAs. Only when the marginal cost is low, a sustainable system can be succeeded. While, the technological advancement may lead to a more efficient production per unit of emissions, it also encourages countries to emit more in total and have a lower level of welfare. The results confirm the importance of sustainability to IEAs. The lesson learnt from this study is: when decision makers are myopic, the system is unsustainable even if an IEA is formed. Only when the perception of sustainability is considered, the system could be sustainable. Regardless of the existence of IEAs, international environmental conventions shall not neglect the fundamental goal to pursue sustainable development.

A Study on Initial FMS Design Problem considering Machine Selection, Loading and Layout (기계선택, 작업할당, 기계배치를 고려한 FMS의 초기설계에 대한 연구)

  • Ro, In-Kyu;Lee, Bum-Jin
    • Journal of Korean Institute of Industrial Engineers
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    • v.20 no.4
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    • pp.51-63
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    • 1994
  • Many themes have been studied for FMS problems. But most researches have focused on specific themes; Machine selection, Loading, Routing, Machine layout, etc. So many decision makers who want to introduce FMS to his factory, have many problems, because they do not know either what size of FMS should be introduced or what amount of money should be invested. The objective of this research is to help the decision makers who want to introduce FMS. This research consists of three major part, first, Machine selection, second, Loading, and third, Machine Layout. In the first part of the research, machines are selected with minimum cost satisfying the given demand of each part. In the second part, each operations with its required tools are allocated to those machines. In the third part the locations of each selected machines are determined. And dissimilarity coefficients between each pair of machines are calculated as the measure of distance. With above three steps, we have selected machines, allocated operations to those machines, and the layout configuration of those machines. And for each three steps, Mixed Integer Programming models are formulated. In order to solve the large problems and reduce the computer execution time, three heuristic algorithms are developed for the three mixed integer programming models.

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Development of a Web-based Information System for Rural Settlement Environment Diagnosis (웹기반의 농촌정주환경진단 정보시스템 개발)

  • Bae, Seung-Jong;Kim, Dae-Sik;Kim, Tae-Gon
    • Journal of Korean Society of Rural Planning
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    • v.16 no.3
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    • pp.117-129
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    • 2010
  • The purpose of this paper is to develop a web-based information system for rural settlement environment diagnosis which is useful to apply the village based evaluation for new rural development projects. To achieve this purpose, this study performed : 1) analyzing the business process in the field of rural settlement environment diagnosis, 2) designing the data flow diagram and the database based on settlement environment diagnostic indices(SEDI), and 3) developing the system using APM (Apache, PHP, and MySQL) of web-system development environment. The developed system was applied to the study rural villages for testing of efficient and logical working. Users of the system, such as, researchers, decision makers, and rural residents, can input directly the village data to diagnose through a file format of Excel in MS Office. Futhermore, they can analyze the visual results with graphic and graph types, simultaneously. From the results of this study, it showed that the developed system enables decision-makers not only to assist the planning process of the rural village development project, but also to improve the level of information technology in the research and planning field concerning with rural development.

Competitive intelligence in Korean Ramen Market using Text Mining and Sentiment Analysis

  • Kim, Yoosin;Jeong, Seung Ryul
    • Journal of Internet Computing and Services
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    • v.19 no.1
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    • pp.155-166
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    • 2018
  • These days, online media, such as blogospheres, online communities, and social networking sites, provides the uncountable user-generated content (UGC) to discover market intelligence and business insight with. The business has been interested in consumers, and constantly requires the approach to identify consumers' opinions and competitive advantage in the competing market. Analyzing consumers' opinion about oneself and rivals can help decision makers to gain in-depth and fine-grained understanding on the human and social behavioral dynamics underlying the competition. In order to accomplish the comparison study for rival products and companies, we attempted to do competitive analysis using text mining with online UGC for two popular and competing ramens, a market leader and a market follower, in the Korean instant noodle market. Furthermore, to overcome the lack of the Korean sentiment lexicon, we developed the domain specific sentiment dictionary of Korean texts. We gathered 19,386 pieces of blogs and forum messages, developed the Korean sentiment dictionary, and defined the taxonomy for categorization. In the context of our study, we employed sentiment analysis to present consumers' opinion and statistical analysis to demonstrate the differences between the competitors. Our results show that the sentiment portrayed by the text mining clearly differentiate the two rival noodles and convincingly confirm that one is a market leader and the other is a follower. In this regard, we expect this comparison can help business decision makers to understand rich in-depth competitive intelligence hidden in the social media.

A Hybrid QFD Framework for New Product Development

  • Tsai, Y-C;Chin, K-S;Yang, J-B
    • International Journal of Quality Innovation
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    • v.3 no.2
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    • pp.138-158
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    • 2002
  • Nowadays, new product development (NPD) is one of the most crucial factors for business success. The manufacturing firms cannot afford the resources in the long development cycle and the costly redesigns. Good product planning is crucial to ensure the success of NPD, while the Quality Function deployment (QFD) is an effective tool to help the decision makers to determine appropriate product specifications in the product planning stage. Traditionally, in the QFD, the product specifications are determined by a rather subjective evaluation, which is based on the knowledge and experience of the decision makers. In this paper, the traditional QFD methodology is firstly reviewed. An improved Hybrid Quality Function Deployment (HQFD) [MSOfficel] then presented to tackle the shortcomings of traditional QFD methodologies in determining the engineering characteristics. A structured questionnaire to collect and analyze the customer requirements, a methodology to establish a QFD record base and effective case retrieval, and a model to more objectively determine the target values of engineering characteristics are also described.

Development Method's Impact on Function Points in IT Projects - Focused on New Development and Enhancement - (IT프로젝트에서 개발방법이 기능점수에 미치는 영향 - 신규개발과 보강개발을 중심으로 -)

  • Lee, Won-Ho
    • Journal of the Korea Society of Computer and Information
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    • v.14 no.4
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    • pp.131-139
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    • 2009
  • The decision makers of IT projects are faced to situations to choose a best development method between inhouse development and solution purchase when companies must develop a new system or enhance the existed system. For those decision makers related to the IT projects, this study provides them with meaningful results through the ISBSG project repositary, how each development method, such as a development inhouse, a solution purchased, a combined method, impact the function point, which is a critical factor to measure the required time, efforts, cost of IT project development.

What is a Critical Factor for Determining the Issue-Resolving Time in the BIM-based Coordination Process?

  • Jang, Sejun;Lee, Dongmin;Lee, Ghang
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.392-395
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    • 2015
  • This study analyzes critical factors that affect issues of resolving time in BIM-based coordination using a case study. According to recent buildings that are meant to be more complex, BIM-based design coordination is regarded as an essential stage of the project delivery process. In the design coordination phase, a relocation of architectural, structural, mechanical, and electrical elements is conducted to avoid interference. In addition, the procedure of the development of each element in detail for the actual construction is carried out. Delays in coordination can affect delays in the entire delivery schedule of the project, and therefore many researches have focused on efficient coordination methods and how to shorten the period. In this study, we conducted a detailed analysis of the issue-resolving process using a case study, and found out that the participation of decision-makers for issue-resolving and the physical combination of trades affect delays in coordination time. In particular, we proposed the concept of organizational relation, indicating the level of decision-makers for issue-resolving, and the concept of physical relation, indicating the physical complexity of the issue, and we analyzed the effects of coordination delays.

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Multi-Criteria Group Decision Making under Imprecise Preference Judgments : Using Fuzzy Logic with Linguistic Quantifier (불명료한 선호정보 하의 다기준 그룹의사결정 : Linguistic Quantifier를 통한 퍼지논리 활용)

  • Choi, Duke Hyun;Ahn, Byeong Seok;Kim, Soung Hie
    • Journal of Intelligence and Information Systems
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    • v.12 no.3
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    • pp.15-32
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    • 2006
  • The increasing complexity of the socio-economic environments makes it less and less possible for single decision-maker to consider all relevant aspects of problem. Therefore, many organizations employ groups in decision making. In this paper, we present a multiperson decision making method using fuzzy logic with linguistic quantifier when each of group members specifies imprecise judgments possibly both on performance evaluations of alternatives with respect to the multiple criteria and on the criteria. Inexact or vague preferences have appeared in the decision making literatures with a view to relaxing the burdens of preference specifications imposed to the decision-makers and thus taking into account the vagueness of human judgments. Allowing for the types of imprecise judgments in the model, however, makes more difficult a clear selection of alternative(s) that a group wants to make. So, further interactions with the decision-makers may proceed to the extent to compensate for the initial comforts of preference specifications. These interactions may not however guarantee the selection of the best alternative to implement. To circumvent this deadlock situation, we present a procedure for obtaining a satisfying solution by the use of linguistic quantifier guided aggregation which implies fuzzy majority. This is an approach to combine a prescriptive decision method via a mathematical programming and a well-established approximate solution method to aggregate multiple objects.

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Multi-Criteria Group Decision Making Considering the Willingness to Reject and the Indifferent Preference (거부 및 무차별 선호 조건을 고려한 다기준 그룹 의사결정)

  • Choi, Ji-Yoon;Kim, Jae-Hee;Kim, Sheung-Kown
    • Journal of Korean Institute of Industrial Engineers
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    • v.38 no.1
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    • pp.57-66
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    • 2012
  • The paper deals with the development of a model for group decision making under multiple criteria. The Multi-criteria group decision making (MCGDM) is the process to determine the best compromise solution in a set of competing alternatives that are evaluated by decision makers having their own preferences on conflicting objectives. For MCGDM, we propose a Mixed-Integer Programming (MIP) model that implements a revised median approach by noticing that the original median approach cannot consider the willingness to reject and the indifferent preference conditions. The proposed MIP model tries to select a common best Pareto-optimal solution by maximizing the overall desirability considering the willingness to reject and the indifferent preference that represent the tolerance measure of each decision maker. To evaluate the effectiveness of the proposed model, we compared the results of the proposed model with those of the median approach. The results showed that the proposed MIP model produces more realistic and better compromised alternative by incorporating the decision maker's willingness to reject and the indifferent preferences over each criteria.