• Title/Summary/Keyword: Economic order quantity

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A Comparative Study of Textile Printing and Traditional Screen Printing (디지털 텍스타일 프린팅과 재래식 스크린 날염의 비교연구)

  • 정용순
    • Archives of design research
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    • v.17 no.2
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    • pp.363-372
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    • 2004
  • In the new millenium of information and digital age, the vogue cycle has been gelling shorter and shorter and the individualistic and high quality preference of contemporary consumers drive the small quantity production by order. The traditional screen printing system can not hold the competitive edge anymore. In order to actively meet the demand of the fast evolving market, compete with other nations, and produce high value-added products, we need the new production system to meet the individual needs promptly. Mass production using the traditional screen printing system has the economic advantage of the production speed and cost. The digital textile printing system digitalizes the total process from the design to the printing and omits the separation and engraving. It is more suitable to produce the multiple item-small quantity and add more values to its products. It has also the advantage of less pollution problem.

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Sensitivity analysis for the retailer's pricing and lot-sizing policies on the length of credit period (신용 거래 기간이 소매상의 가격 및 주문정책에 미치는 민감도분석)

  • Seong-Whan Shinn
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.6
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    • pp.257-262
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    • 2023
  • As part of their marketing policy, some suppliers allow retailers a period of credit in anticipation of increasing demand for the products they supply. The opportunity to defer payments on products through credit transactions has the effect of reducing retailers' inventory investment costs, and as a result, retailers determine selling prices in anticipation of increased demand from buyers. This study aims to analyze the inventory model that determines the retailer's selling price and EOQ(Economic Order Quantity) under the assumption that the buyer's demand is an exponentially decreasing function of the retailer's selling price in the credit transaction supply chain consisting of suppliers, retailers, and buyers. The products supplied for problem analysis include the case of deteriorating products that deteriorate over time, and the effect of the credit transaction period, the index of price elasticity and the degree of deterioration on the retailer's selling price and EOQ is analyzed.

A study on Lot sizing Technique for Multi-product Small batch production system : A case study (다품종 소량생산시스템하에서의 로트크기 결정기법에 관한 사례연구)

  • 송수정;김태호;강경식
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.17 no.32
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    • pp.177-186
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    • 1994
  • Economic Lot size decision is studied on this thesis foe the muti-product small batch production system. Even though economic lot size decision has been studied for the MRP system. this could be applied at the industry under the multi-product small batch production system because of very complicate and manager's lack of understand. Therefore, this technique is applied at the industry in order to minimize ordering cosy based on optimal quantity and period, and holding cost according to optimize inventory level under the muti-product small batch production system. After that, lot size decision technique is compared with lot size decision technique which has been used for analyzing and emphasizing productivity

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An Integrated Production-inventory Model for a Single Product System with Jointly Replenished Raw Materials (일괄주문 원자재(一括注文 原資材)를 갖는 단일제품(單一製品) 생산(生産) 시스템의 통합생산재고모형(統合生産在庫模型))

  • Kim, Gyeong-Mo
    • Journal of Korean Institute of Industrial Engineers
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    • v.11 no.2
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    • pp.39-45
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    • 1985
  • This paper is concerned with the integrated production-inventory model with jointly replenished raw materials. A search procedure is presented to determine the economic batch size for the finished product and the economic order quantity for each raw material simultaneously. A case study is given to back up this work.

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A Comparative Model Study on the Intermittent Demand Forecast of Air Cargo - Focusing on Croston and Holts models - (항공화물의 간헐적 수요예측에 대한 비교 모형 연구 - Croston모형과 Holts모형을 중심으로 -)

  • Yoo, Byung-Cheol;Park, Young-Tae
    • Journal of Korea Port Economic Association
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    • v.37 no.1
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    • pp.71-85
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    • 2021
  • A variety of methods have been proposed through a number of studies on sophisticated demand forecasting models that can reduce logistics costs. These studies mainly determine the applicable demand forecasting model based on the pattern of demand quantity and try to judge the accuracy of the model through statistical verification. Demand patterns can be broadly divided into regularity and irregularity. A regular pattern means that the order is regular and the order quantity is constant. In this case, predicting demand mainly through regression model or time series model was used. However, this demand is called "intermittent demand" when irregular and fluctuating amount of order quantity is large, and there is a high possibility of error in demand prediction with existing regression model or time series model. For items that show intermittent demand, predicting demand is mainly done using Croston or HOLTS. In this study, we analyze the demand patterns of various items of air cargo with intermittent patterns and apply the most appropriate model to predict and verify the demand. In this process, intermittent optimal demand forecasting model of air cargo is proposed by analyzing the fit of various models of air cargo by item and region.

A Study on Development Works of Mokpo Port for Pax Pacific Asiana (환태평양시대의 목포항만 개발방향)

  • 홍동문
    • Journal of Korea Port Economic Association
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    • v.17 no.1
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    • pp.129-157
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    • 2001
  • In Korea, the quantity of waste is excessive as a result of increases in population and consumption following industrialization. This has resulted in urban environmental problems, a shortage of landfills and pollution around landfills. Thus, there is a need to conduct research in order to find an effective long-term alternative. In Japan, there are more landfills at sea than there are on land. Based on projections for Korea, on-land landfills in the metropolitan area will be filled to capacity by 2020 and then be closed. This research recommends the construction of landfill sites at sea as an alternative waste disposal method. Its findings show that the most the suitable sites for landfills within the Seoul metropolitan area are the regions around Jangbongdo Island and Mueido Island. It also suggests that the best way to transport waste is through the Kyungin Canal from the middle collection center to the lower Han River. The estimated cost of constructing an at-sea landfill to be used for 50 years is approximately two trillion won, with a total construction time of 10 years. In the future, further research related to this study will be conducted in order to ensure that environmentally-friendly landfills are built.

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A Study on the Accuracy of BIM-based Quantity Take-Off of Apartment Interior (BIM기반 공동주택 마감 물량 산출 정확도 연구)

  • Lee, Moon-Kyu;Chin, Sang-Yoon
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.1
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    • pp.12-22
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    • 2013
  • Construction industry throughout the construction projects life cycle using BIM is able to manage information. Among them, BIM-based quantity take-off is directly connected to the data of the construction business as an important management element that is essential for one of the management factors of feasibility study and economic analysis. In addition, the result of BIM-based quantity take-off can be varied depending on modeler, so the exact guideline for BIM modeling is necessary. The BIM-based quantity take-off in terms of reliability and accuracy of the information is very important. Therefore, this study verified the BIM modeling of the apartment interior materials using both separate object and composite object was validated the quantitative comparison of the difference in BIM-based quantity take-off for accuracy & reliability judgment of BIM-based quantity take-off and realistic & desirable suggestion of BIM modeling way. As the result of this study, it is preferable to model various interior materials to use separate object for the purpose of correct BIM-based quantity take-off, but the realistic way of the BIM modeling using both separate object and composite object jointly was verified in order to judge BIM-based quantity take-off in terms of work productivity.

Optimal Design of Batch-Storage Network (회분식 공정-저장조 그물망 구조의 최적설계)

  • 이경범;이의수
    • Journal of Institute of Control, Robotics and Systems
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    • v.4 no.6
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    • pp.802-810
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    • 1998
  • The purpose of this study is to find the analytic solution of determining the optimal capacity of processes and storages to meet the product demand. Recent trend to reduce product delivery time and to provide high quality product to customer requires the increasing capacity of storage facilities. However, the cost of constructing and operating storage facilities is becoming substantial because of increasing land value, environmental and safety concern. Therefore, reasonable decision making about the capacity of processes and storages is important subject for industries. The industrial solution for this subject is to use the classical economic lot sizing method, EOQ(Economic Order Quantity) model, trimmed with practical experience but the unrealistic assumption of EOQ model is not suitable for the chemical plant design with highly interlinked processes and storages. This study, a first systematic attempt for this subject, clearly overcomes the limitation of classical lot sizing method. The superstructure of the plant consists of the network of serially and/or parallelly interlinked processes and storages. A novel production and inventory analysis method, PSW(Periodic Square Wave) model, is applied. The objective function of optimization is minimizing the total cost composed of setup and inventory holding cost. The advantage of PSW model comes from the fact that the model provide a set of simple analytic solution in spite of realistic description of material flow between process and storage. The resulting simple analytic solution can greatly enhance the proper and quick investment decision for the preliminary plant design confronting diverse economic situation.

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The Water Resource Management Framework in New Zealand: A Case Study of Moving towards a Less Adversarial Approach

  • Davie, Tim
    • Proceedings of the Korea Water Resources Association Conference
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    • 2010.05a
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    • pp.82-90
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    • 2010
  • New Zealand appears to be a water rich country; however there are considerable water allocation issues. Mostly these revolve around balancing environmental concerns with economic development. The largest economic sector is agriculture which currently utilizes around 80% of the allocated water and has considerable potential to increase in size. The resource management framework that New Zealand has developed over the past twenty years revolves around local decision-making and sustainable management principles. As the demands for water have grown there has been growing concern that this framework is inadequate to deal with the issues of declining water quantity and quality through agricultural intensification. In Canterbury, the region with the highest water allocation and demand, a new approach is being trialed. The Canterbury Water Management Strategy (CWMS) recognizes the need for: ecological restoration for past damage; infrastructure development for increased irrigation; and the need to link infrastructure with more efficient use of water by both existing and new water users. These three elements are recognized as having equal value. The CWMS builds on the local decision-making concept but is deliberately aimed at consensus building in order to remove expensive and adversarial resource management hearings. It is practical enough to recognize that economic development is needed but that it need not proceed in conflict with the environment, but rather can be a means towards environmental improvement.

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Regional Characteristics of Job Creation by Gazelle-firms (지역별 가젤형 기업의 고용창출 특성 분석)

  • Sa, Hoseok
    • Journal of the Economic Geographical Society of Korea
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    • v.22 no.3
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    • pp.304-320
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    • 2019
  • Interest in gazelle-firms, which contribute to sustained job creation, is increasing. This study aims to analyze the regional characteristics of employment by gazelle-firms in terms of job quality as well as job quantity. Furthermore, the characteristics by industry for each type are compared. The major results are as follows. First, the regional characteristics of job creation are varied in terms of the quantitative and qualitative aspects. Second, it is found that the characteristics by industry for each type are different. Therefore, each type should have discriminative strategy. These results provide policy implications that gazelle-firms' policies should be tailed to regional characteristics in order to foster gazelle-firms more effectively.