• Title/Summary/Keyword: Demand and Supply

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Distributor's Lot-sizing and Pricing Policy with Ordering Cost inclusive of a Freight Cost under Trade Credit in a Two-stage Supply Chain

  • Shinn, Seong-Whan
    • International Journal of Advanced Culture Technology
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    • v.8 no.1
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    • pp.62-70
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    • 2020
  • As an effective means of price discrimination, some suppliers offer trade credit to the distributors in order to stimulate the demand for the product they produce. The availability of the delay in payments from the supplier enables discount of the distributor's selling price from a wider range of the price option in anticipation of increased customer's demand. Since the distributor's lot-size is affected by the demand for the customer, the distributor's lot-size and the selling price determination problem is interdependent and must be solved at the same time. Also, in many common business transactions, the distributor pays the shipping cost for the order and hence, the distributor's ordering cost consists of a fixed ordering cost and the shipping cost that depend on the order quantity. In this regard, we deal with the joint lot-size and price determination problem when the supplier allows delay in payments for an order of a product. The positive effects of credit transactions can be integrated into the EOQ (economic order quantity) model through the consideration of retailing situations, where the customer's demand is a function of the distributor's selling price. It is also assumed that the distributor's order cost consists of a fixed ordering cost and the variable shipping cost. We formulate the distributor's mathematical model from which the solution algorithm is derived based on properties of an optimal solution. A numerical example is presented to illustrate the algorithm developed.

Factors Affecting of Relevance Index of the Regional Public Hospital: Focused on Refined Diagnosis-Related Group Impacts (지방의료원의 자체충족률에 영향을 미치는 요인: 수정 진단명기준환자군의 영향을 중심으로)

  • Yoon, Ari;Woo, Kyung-sook;Shin, Young-jeon
    • Health Policy and Management
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    • v.29 no.4
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    • pp.482-495
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    • 2019
  • Background: An important function of the regional public hospital is to satisfy the basic medical needs of the community through the stable provision of high-quality medical services. The purpose of this study was to identify the relevance index (RI) of the regional public hospital and to identify the factors that affect the RI. Methods: Data were obtained from the 2017 regional public hospital operation evaluation report and 2017 medical monitoring report for vulnerable area. RI of the regional public hospital was a dependent variable, and multiple regression analysis was performed with observed variables of medical supply-demand condition, medical supply, and medical supply structure. Direct effects and indirect effects were confirmed by the analysis of structural equation models (SEM) to see if there were mediating effects. Results: The RI was 13.1%, and the average of all percentage refined diagnosis-related group (RDRG) was 29.4%. Factors affecting RI were medical supply-demand conditions, medical supply, and medical supply structure. As a result of multiple regression analysis, RI was higher when high percentage RDRG of the regional public hospital (t=4.117, p<0.05), the size of regional public hospital location (t=-2.554, p<0.05), and the population of regional public hospital location (t =-2.415, p<0.05) were smaller. The results of the SEM analysis show that the higher the medical supply-demand conditions, the more direct effect of decreasing the RI and the indirect effect of decreasing the effect of reduction through the medical supply (direct effect=-1.322, total effect=-0.573, p<0.01). The higher the medical supply structure, the more direct effect on the RI (direct effect=1.047, p<0.05) and the higher the medical supply, the more indirect effect of RI through the medical supply structure (total effect=direct effect=0.619, p<0.05). Conclusion: It has been confirmed that the provision of medical services can affect the RI the regional public hospital which should be considered in carrying out future policies.

A Simple Power Management Scheme with Enhanced Stability for a Solar PV/Wind/Fuel Cell Fed Standalone Hybrid Power Supply using Embedded and Neural Network Controller

  • Thangavel, S.;Saravanan, S.
    • Journal of Electrical Engineering and Technology
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    • v.9 no.5
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    • pp.1454-1470
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    • 2014
  • This paper propose a new power conditioner topology with intelligent power management controller that integrates multiple renewable energy sources such as solar energy, wind energy and fuel cell energy with battery backup to make best use of their operating characteristics and obtain better reliability than that could be obtained by single renewable energy based power supply. The proposed embedded controller is programmed for maintaining a constant voltage at PCC, maximum power point tracking for solar PV panel and WTG and power flow control by regulating the reference currents of the controller on instantaneous basis based on the power delivered by the sources and load demand. Instantaneous variation in reference currents of the controller enhances the controller response as it accommodates the effect of continuously varying solar insolation and wind speed in the power management. The power conditioner uses a battery bank with embedded controller based online SOC estimation and battery charging system to suitably sink or source the input power based on the load demand. The simulation results of the proposed power management system for a standalone solar/WTG/fuel cell fed hybrid power supply with real time solar radiation and wind velocity data collected from solar centre, KEC for a sporadically varying load demand is presented in this paper and the results are encouraging in reliability and stability perspective.

Internal Based Cooperative Network Model for University's Internship Abroad with Cooperation of International NGOs: Cooperative Case of CBMC (대학의 해외인턴쉽을 위한 인터넷에 기초한 국제NGO 협력 Network Model - CBMC와 협력사례를 중심으로)

  • Kang Young-Moo
    • The Journal of Information Systems
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    • v.15 no.3
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    • pp.159-174
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    • 2006
  • Employment rate of graduating students has been one of the most important issues at universities. Recently interest on internship abroad has been increased significantly due to globalization of the society In particular, central and local governments have developed policies and encouraged university students to participate in internships abroad. However, activities and resources for internships abroad are very limited to a few organizations. This paper investigated the current status of internship in the U.S. and Korea. Then, this paper analyzed differences in demand and supply of the internship and matching mechanism of the internship between the U.S. and Korea. From the results of those analyses, this paper developed an international network model which can help effective and efficient increase in the demand and supply of the internship as well as the internship matching mechanism in Korea. This network model utilizes international NGOs in order to develop internationally cooperative environment. This model provides mechanism for (1) effectively identifying intern applicants who like to work abroad and evaluating thent (2) effectively identifying new internship positions and evaluating companies which plan to hire interns, (3) efficiently matching demand for and supply of internship by identifying appropriate candidates, (4) monitoring companies for their quality of working conditions and interns for their qualities of work This model for internship has been applied for a NGO which is International CBMC (Christian Businessman Committee International)

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Long-run Estimation of Fertilizer Demand in Korea to Meet the National Food Supply (식량수급(食糧需給)에 따른 비료수요(肥料需要) 전망(展望))

  • Lee, Yun-Hwan
    • Korean Journal of Soil Science and Fertilizer
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    • v.9 no.3
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    • pp.133-147
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    • 1976
  • 1. The purpose of this study is to provide a series of statistical "bench marks" from which one can begin to think systematically about the required development of the Korean food and fertilizer needs over the next quarter-century. 2. The Korean population has been estimated by the characteristics of the population and its social and political situations today. Because fertility and mortality rates are relatively stable and are under control of politics concerned, the estimation rates were established with 1.6% over 1975-1980, 1.3% over 1981-1990, and 1.0% over 1991-2000. 3. Annual per capita absorption of milled rice has fluctuated rather closely around 140kg, since 1968, with no evidence of declining trend. Per capita absorption of barley and wheat around 120 kg, and legumes around 10.6kg, However because the case of wheat and corn productions are rather difficult the self-sufficiency in the future, the rice is considered to be accelerate its yield growth surplus the level of self-sufficiency to export. 4. The fertilizer demand in each element has been calculated by mechanical multiplication of "the recommend index of fetilizer application" to yield a unit production over the need of national food supply by crop year. 5. As a results refer to Table (8), the estimated quantities of total fertilizer demand to meet the national food supply of the years of 1974, 1980, 1985, 1.990, 1995, and 2000 are reached around 871500, 1138150, 1375480, 1515030, 1652090 and 1799850 metric tons in each year.

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A Study on the Eltimation of Daily Urban Water Demand by ARIMA Model (ARIMA 모델에 의한 상수도 일일 급수량 추정에 관한 연구)

  • Lee, Gyeong-Hun;Mun, Byeong-Seok;Park, Seong-Cheon
    • Journal of Korea Water Resources Association
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    • v.30 no.1
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    • pp.45-54
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    • 1997
  • The correct estimation of the daily or hourly urban water demand is required for the efficient management and operation of the water supply facilities. The prediction of water supply demand are regression model and time series method, the optimum ARIMA (Auto Regressive Integrated Moving Average) model was sought for the daily urban water demand estimation in this paper. The data used for this study were obtained from the city of Kwangju Korea. The raw data used in this study were rearranged 15, 30, 60, 90 days for the purpose of analysis. The statistical analysis was applied to the data to obtain the ARIMA model. As a result, the parameters determining the ARIMA model was obtained. The accuracy of the model was 2% of water supply. The developed model was found to be useful for the practical operation and management of the water supply facilities.

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Integrated Demand and Production Control for the Competition-based Component and Cooperation-based End Item (경쟁 기반의 부품 생산과 협업 기반의 완성품 생산 시스템에서 생산과 수요 통제의 통합적 고찰)

  • Kim, Eun-Gab
    • IE interfaces
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    • v.22 no.4
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    • pp.368-375
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    • 2009
  • This paper considers a two-stage supply system consisting of two make-to-stock facilities. The facility in the first stage produces a single type of component in anticipation of future demands from the market and the end item production while the facility in the second stage produces the end item in anticipation of future demands from the OEM customers. The facility in the first stage has the option of to accept or reject each incoming demand from the market. In this paper, we address the problem of how to control the exogenous component demand and how to manage the production of the end item and the component so as to maximize the system's profit subject to the system costs. In this paper, we present a heuristic policy that is the base-stock production policy combined with a linear switching curve for component demand control. Numerical study is implemented under different operating conditions of the system and it shows that the performance of the heuristic is very promising compared to that of the optimal policy for the Markov model.

A Practical Research for More Efficient Utilization of Water Resources in the South-Western Part of Korea (서남부지역 수자원의 효율적 이용방안)

  • 김현영;서영제;최용선;문종원
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 1998.10a
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    • pp.279-286
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    • 1998
  • The south-western part of Korea is situated in an unbalance of water supply and demand relating to the Keum, Mankyung, Dongjin and Youngsan River and their estuary reservoirs. For example, the Keum River estuary reservoir is discharging the larger amount of yearly runoff into the sea due to the small storage capacity, while Saemankeum estuary reservoir which is under construction, has the smaller runoff amount comparing with its storage capacity, And the downstream area of the Youngsan River, such as Youngkwang, Youngam are deficient in water due in larger demand and smaller supply. In order to solve the above unbalanced water supply and demand and also to improve the water use efficiency, the Hierarchical Operation Model for Multi-reservoir System(HOMMS) has been developed and applied to analyze the multi-reservoir operation assuming that the above reservoirs were linked each other. The result of this study shows that 2,148MCM of annual additional water requirement for agricultural and rural water demands are required in this region at 2011 of target year, and these demands can be resolved by diverting and reusing 1,913MCM of the released water from the estuary reservoirs into the sea.

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An Exploratory Study on Development of Information Security Manpower (정보보안 인력양성을 위한 탐색적 연구: 정부, 기업, 학계, 인력 관점 기반)

  • Seo, Kyung-Jin;Choi, Jee-Eun;Kim, Hee-Woong
    • The Journal of Information Systems
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    • v.24 no.2
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    • pp.73-96
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    • 2015
  • Purpose Information security industry is rapidly growing, but has been confronted with many challenges in a business environment. One of them is the imbalance between supply and demand of information security manpower, which has caused an insecure market situation. Therefore, this study has derived factors of promoting and hindering information security manpower from governance, academics, corporations, and workforce perspectives, and has analyzed a sequence of cause and effect of each factor. Design/methodology/approach This study is an exploratory research based on the interviews. The causal loop diagram (CLD) was developed to deduce key issues and propose alternatives. Findings The result of this study is expected to help the development of information security manpower in Korea, by minimizing the potential negative effects as well as maximizing the positive effects. This study found out the dynamic causes and effects of the security manpower system in each stakeholder's perspective. The cause-and-effect relationships between the stakeholders will be able to contribute to solve the imbalance of supply and demand in security manpower system.

Agricultural Drought Risk Assessment using Reservoir Drought Index (저수지 가뭄지수를 활용한 농업가뭄 위험도 평가)

  • Nam, Won Ho;Choi, Jin Yong;Jang, Min Won;Hong, Eun Mi
    • Journal of The Korean Society of Agricultural Engineers
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    • v.55 no.3
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    • pp.41-49
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    • 2013
  • Drought risk assessment is usually performed qualitatively and quantitatively depending on the definition a drought. The meteorological drought indices have a limit of not being able to consider the hydrological components such as evapotranspiration, soil moisture and runoff, because it does not consider the water demand in paddies and water supply in reservoirs. Agricultural drought was defined as the reservoir storage shortage state that cannot satisfy water requirement from the paddy fields. The objectives of this study were to suggest improved agricultural drought risk assessment in order to evaluate of regional drought vulnerability and severity studied by using Reservoir Drought Index (RDI). The RDI is designed to simulate daily water balance between available water from agricultural reservoir and water requirement in paddies and is calculated with a frequency analysis of monthly water deficit based on water demand and water supply condition. The results indicated that RDI can be used to assess regional drought risk in agricultural perspective by comparing with the historical records of drought in 2012. It can be concluded that the RDI obtained good performance to reflect the historical drought events for both spatially and temporally. In addition, RDI is expected to contribute to determine the exact situation on the current drought condition for evaluating regional drought risk and to assist the effective drought-related decision making.