• Title/Summary/Keyword: Diversification Strategy

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Balance between Intensification and Diversification in Ant Colony Optimization (개미 집단 최적화에서 강화와 다양화의 조화)

  • Lee, Seung-Gwan;Choi, Jin-Hyuk
    • The Journal of the Korea Contents Association
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    • v.11 no.3
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    • pp.100-107
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    • 2011
  • One of the important fields for heuristic algorithm is how to balance between Intensification and Diversification. In this paper, we deal with the performance improvement techniques through balance the intensification and diversification in Ant Colony System(ACS) which is one of Ant Colony Optimization(ACO). In this paper, we propose the hybrid searching method between intensification strategy and diversification strategy. First, the length of the global optimal path does not improved within the limited iterations, we evaluates this state that fall into the local optimum and selects the next node using changed parameters in the state transition rule. And then we consider the overlapping edge of the global best path of the previous and the current, and, to enhance the pheromone for the overlapping edges increases the probability that the optimal path is configured. Finally, the performance of Best and Average-Best of proposed algorithm outperforms ACS-3-opt, ACS-Subpath, ACS-Iter and ACS-Global-Ovelap algorithms.

A Study on the Determinants of Export Diversification and Adoption of Competitive Advantage Strategy Using Hierarchical Analysis - A case of Automotive Parts enterprises (계층분석기법(AHP)을 이용한 수출다변화의 결정요인과 경쟁우위 전략 채택에 관한 연구 - 자동차부품 기업 사례)

  • jang, Ik-geun;Kim, Byung-Keun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.9
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    • pp.435-445
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    • 2018
  • This study analyzed factors that should be considered in the process of export diversification strategy formulation and priorities of strategies. We reviewed the extant literature and interviewed six experts. Cross-sectional analysis of a literature review and interview results were used to determine the influencing factors of export. The data for this study were collected from a survey of 68 export experts in Automotive Parts enterprises. Data were analyzed using AHP. As a result of the analysis, the order of importance appeared in the order of internal capacity, correlation buyer effect, entry barriers, technology response, and competition environment. The regions with a high overseas level were product differentiation, centralization, and low cost, whereas those with a low level were in the order of low cost, product differentiation, and concentration. It is meaningful to review the alternatives for adoption of the export diversification strategy and establish a strategy appropriate to the situation. It is necessary to establish a customized strategy considering the characteristics of the global region, and not only internal competence but also mutual relationship with local buyers are important.

Multi Colony Intensification.Diversification Interaction Ant Reinforcement Learning Using Temporal Difference Learning (Temporal Difference 학습을 이용한 다중 집단 강화.다양화 상호작용 개미 강화학습)

  • Lee Seung-Gwan
    • The Journal of the Korea Contents Association
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    • v.5 no.5
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    • pp.1-9
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    • 2005
  • In this paper, we suggest multi colony interaction ant reinforcement learning model. This method is a hybrid of multi colony interaction by elite strategy and reinforcement teaming applying Temporal Difference(TD) learning to Ant-Q loaming. Proposed model is consisted of some independent AS colonies, and interaction achieves search according to elite strategy(Intensification, Diversification strategy) between the colonies. Intensification strategy enables to select of good path to use heuristic information of other agent colony. This makes to select the high frequency of the visit of a edge by agents through positive interaction of between the colonies. Diversification strategy makes to escape selection of the high frequency of the visit of a edge by agents achieve negative interaction by search information of other agent colony. Through this strategies, we could know that proposed reinforcement loaming method converges faster to optimal solution than original ACS and Ant-Q.

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Competition Structure and Management Capability of Railroad Companies in Tokyo, Japan (일본 동경권 대형사철의 경장구조와 경영비교분석)

  • Lim, Chai-Sung
    • Journal of the Korean Society for Railway
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    • v.10 no.1 s.38
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    • pp.74-83
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    • 2007
  • Japanese railroad companies continued growing by developing diversification based on the railroad enterprise. However, the diversification strategy of railroad companies reached the management limit in the 1990s. Under the long-term economic depression, Aging and a decrease in the birthrate progressed and passenger transport changed to the downward tendency. Nevertheless, since railroad investment was expanded, business results worsen and price competitiveness with JR East became weak. Futhermore, the business results of a diversification enterprise were bad compared with it of a railroad enterprise. Therefore, group management was thought as important and structural reform was carried out resolutely.

Empirical Assessment of International Entry Strategy for Large Construction Companies (주요 전략지수별로 살펴 본 국내 대형건설업체의 해외건설 진출전략 효과에 대한 실증적 연구)

  • Jung, Woo-Yong;Han, Seung-Heon;Jang, Woo-Sik;Koo, Bon-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.1
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    • pp.59-69
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    • 2010
  • Although international construction market gradually takes a important position among the export industries, the previous studies about international construction entry strategy have just focussed on trend investigation or suggestion for revitalization. Moreover, in order to prepare the market uncertainty such as world financial crisis and to plan the long term strategy, specific strategy studies based on corporate level are required. Therefore, this study estimates the nine strategic index and four financial index of 31 companies that performed 1920 international projects from 1993 to 2007 and evaluate the performance as three periods by multi-regression analysis. Also, this study analyze dynamic correlation between these index and the performance considering times. this study verifies that market diversification, product diversification, localization and decrease of debt to asset ratio make a good effect on the international order as long term strategy and shows that collaborated entry with domestic corporations, alliance entry with host country's company, alliance entry with third country's company, portion of labor cost and portion of management expense differently make a influence on the performance as times. these results will be helpful for the construction companies to plan the international entry strategy reasonably and specifically.

The Impact of Small and Medium Enterprises of Business Diversification on Corporate Performance: Focused on the Moderating Effect of Perceived Possibility (Policy Finance, Management Support) (중소기업의 사업다각화가 기업성과에 미치는 영향: 지각가능성(정책금융, 경영지원)의 조절효과를 중심으로)

  • Kim, In Kwon;Huh, Chul Moo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.13 no.4
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    • pp.129-137
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    • 2018
  • With the advent of the 4th Industrial Revolution, destructive technologies have become more frequent and companies are facing difficulties in survival with existing technologies, and companies are pursuing the survival or growth of businesses through business diversification as a countermeasure. There is a lack of research on the effects of perceived possibility of policy finance and management support, which act as a driving force of corporate growth, on firm performance. The purpose of this study is to demonstrate the effect of business diversification on the performance of SMEs. For this study, data were collected from 525 employees of 20 SMEs. Statistical analysis was performed using regression analysis. First, the product diversification and market diversification, which are independent variables of business diversification of SMEs, have a positive (+) influence on firm performance. Second, it is shown that product diversification, which is an independent variable, is controlled by the possibility of perceiving as a controlling variable in the effect of product diversification, which is a dependent variable, while market diversification during business diversification is not controlled by perception appear. This analysis suggests that SMEs need product diversification to create corporate performance. After discussing the above conclusions and implications, the direction of the research for the follow - up study was suggested.

Large Scale Unit Commitment Using Parallel Tabu Search (병렬 타부 탐색법을 이용한 대규모의 발전기 기동정지계획)

  • Kim, Hyeong-Su;Mun, Gyeong-Jun;Jo, Deok-Hwan;Hwang, Gi-Hyeon;Park, Jun-Ho
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.50 no.11
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    • pp.528-536
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    • 2001
  • This paper proposes a method of solving a unit commitment problem using parallel tabu search(PTS) approach. Tabu search is a heuristic optimization method that has the tabu list to control the search process. To improve the searching ability of a global solution, we used a method of exchanging solutions among connected processors as a diversification strategy, and to reduce the computation time, a new evaluating method was proposed which evaluates only a changed par. To show the usefulness of the proposed method, we simulated for 10 units system and 110 units system. Numerical results show improvements in the generation costs and the computation time compared with other conventional methods.

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Competitive Strategy and Resource Sharing: Moderating Effects of Strategic Contexts (경쟁전략이 자원공유에 미치는 영향: 전략적 상황의 조절효과를 중심으로)

  • Hwang, Jaewon;Park, Kyoungmi
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.1
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    • pp.138-148
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    • 2021
  • This study explores the factors that moderate the impact of competitive strategy on resource sharing in order to explain why existing empirical research has not shown statistically significant results. We test the hypothesis that competitive strategy pursuing low-cost rather than differentiation increases resource sharing and analyze how the relationship between competitive strategy and resource sharing changes when diversification, interconnectedness, centralization of authority, and resource level are entered into the equation as moderating variables. According to the results, competitive strategy doesn't affect resource sharing alone, but it has significant effects on resource sharing when it is combined with interconnectedness, centralization of authority, and resource level, except for diversification. This means that low-cost strategy increases resource sharing under the conditions of high interconnectedness, more centralized authority, and low resource level. The prior discussions have focused on the willingness or intentions of resource sharing without considering the abilities or possibilities. Our findings indicate that resource sharing could be better predicted by using moderating variables reflecting the abilities or possibilities. The contribution of the study is that we discover and complement the vulnerability in the logic of resource sharing.

A Study of Management Strategies on CJ E&M, the Leading Firm in the Korean Media industry (국내 미디어 선도기업 경영전략 분석: CJ E&M을 중심으로)

  • Lee, Ji-Heon;Jung, Hoe-Kyung
    • Journal of Digital Convergence
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    • v.11 no.12
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    • pp.41-47
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    • 2013
  • In circumstances that case studies of management strategy for the domestic media company were rare, this study was performed case analysis of CJ E&M, representative new media/contents company in Korea. An evolutionary perspective is applied to diversification of the business and the external environmental analysis/resource based view are applied to capability evaluation since the inauguration as analysis frameworks. Unlike other media companies, CJ E&M have increased synergies of scale through horizontal, vertical diversification and superior contents strategies. furthermore, there are many advantages of enthusiasm of the leadership, expertise, high human configuration, creative corporate culture, effective contents portfolio. However, it is necessary to note that too much emphasis on competition and the performance of the organization may make organizational atmosphere rigid and weaken the global competitiveness.

The Study on Evolutionary Process of Online-Game Companies' Alliance Strategy for Product Diversification (온라인 게임 기업의 제품 다원화를 위한 제휴 전략 진화에 관한 연구)

  • Chang, Yong-Ho;Joung, Won-Jo
    • Journal of Korea Game Society
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    • v.11 no.2
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    • pp.57-68
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    • 2011
  • This study approaches how newly emerged game companies has implemented strategies for product diversification according to market growth cycle(beginninggrowing-mature) by empirical case study through evolutionary theory and resource based theory approach. At the beginning, online game companies had grown with different strategies(technology based, service based) by initial condition(genre, technological level, user attribute). After market growth, for product diversification, these companies carried out path-dependent alliance strategy(complementary, competitive) depending on resource base(technology capacity, service capacity based). As online game market getting mature, these companies has adapted flexibly in responding to market growth cycle by integrated strategy(naturally selected to mobilize every possible resource capability). By analyzing the alliance strategies pattern of online game companies in newly emerged game industry according to market growth cycle through combination of resource based theory and evolutionary theory, these results suggest that new industrial, theoretical, policy model is required.