• Title/Summary/Keyword: Economic order quantity

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Factors Affecting Employee's Performance: An Empirical Study in Vietnam

  • DIEN, Nguyen Xuan;DUYEN, Dang Thi Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.295-302
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    • 2021
  • In the context of economic growth, the banking system has greatly contributed to a substantial rise in living conditions, connecting savings and investment, and economic growth. Since economic reform in 1986, Vietnam's banking system has increasingly expanded in quality and quantity of banks including state-owned, private-owned, and foreign banks. The aim of this study is to evaluate the main factors affecting employee's performance in the banking system in the case of an emerging economy of Vietnam. Using the pilot study by investigating three experts in a few banks in order to correct the questionnaires, and a mega sample data of 170 observations conducted from bank's staffs, and managers in Hanoi capital of Vietnam, empirical results demonstrate that the independent variables included in the model can explain 67% of the change of the dependent variable of employee's performance, and the rest (31%) can be explained by other reasons. Further, motivation (MO), and working ability (WA) have a positive and insignificant impact on employee's performance, reflecting that motivation, and working ability have insignificantly affected employee's performance. In contrast, four factors, namely, welfare, working environment, cooperation, and education have a positive and significant impact on employee's performance in the case of Hanoi, Vietnam.

An Integrated Inventory Model for a Single Product and its Raw Materials in Just-In-Time Purchasing (JIT구매 하에서의 단일제품의 통합재고모형에 관한 연구)

  • 김대홍
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.26 no.3
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    • pp.50-57
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    • 2003
  • In this paper, we consider an integrated inventory system where a single supplier purchases and processes raw materials in order to deliver finished goods to a single buyer for effective implementation of Just-In-Time purchasing. An integrated JIT lot-splitting model of facilitating multiple shipments in small lots is developed in a JIT purchasing environment. Also, an iterative solution procedure is developed to find the order quantity for the finished goods and raw materials, and the number of shipments between buyer and supplier. We show by example that the integrated policy adopted by both buyer and supplier in a cooperative manner can provide them a greater economic benefit than seeking the local optimal inventory policy independently.

Merchandising Process Analysis of Outdoor Sportswear Brands (아웃도어 스포츠의류 브랜드의 상품기획 현황 분석)

  • Sung, Hee-Won
    • Journal of the Korean Society of Clothing and Textiles
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    • v.35 no.3
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    • pp.243-253
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    • 2011
  • The outdoor sportswear market in Korea has received increased attention due to the interest in health and leisure activities promoted through the well-being trend. This study examines the merchandising process for outdoor sportswear brands and focuses on textile planning in order to identity the opportunities for Korean textile companies. Data were collected through an interview method of nine outdoor leading brands (six national brands and three license brands). The interviewees were merchandisers with two to nine years of career experience in the company. The majority of interviewed brands implemented a merchandising plan twice a year. Basic goods took 80% and reorder or spot goods took 10-20% of the total quantity, which possessed a substantial possibility to substitute imported textiles for Korean ones. After the 2008 global economic crisis, outdoor brands have increased the quantity of Korean textiles up to 70% of the total amount of sales because of low price per quality, lead-time accuracy, convenience for handling, and communication. The most important factors when selecting materials were functionality, quality, design, price, and lead-time for orders. The managerial implications for Korean textile companies were also discussed.

A Comparative Study on the Energy Efficiency due to the Capacity of Gas Boiler (가스온수가열기의 용량에 따른 에너지효율성 비교 연구)

  • Kim, Seong Jung;Woo, In sung
    • Journal of the Korea Safety Management & Science
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    • v.17 no.2
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    • pp.229-234
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    • 2015
  • Depending on the living styles, the types of energy consumed by households have changed, and the consumption has increased rapidly. Consequently, those have led to environmental issues, such as exhaustion of energy and the climate changes. As one of solutions to such issues, energy efficiency can be approached. Therefore, in this study, the gas water heater(115S type Rheem products) that made in Germany and obtain hot water using gas as a heat source is selected. a $1.0m^3$ water tank with a 6kW electronic heater is installed and a water temperature and pressure is maintain constantly also thermometer is injected. Two of gas meter, one of pressure regulator and three of time measurement devices are installed in a combustion facility and fuelling facility with a magnet valve so it can observe and record combustion reactions. Quantity of hot water that heated by boiler is recorded using a quantity measurement tank, and have been heated by the boiler have been to record and measure the amount and utilized the data acquired through measurement of all factors that are applied to acquire hot water in order to calculate the use rate of final energy. In conclusion, this researcher drew the economic strong points of the hot water generated by gas.

A Study on the Improvement of Repair and Reinforcement Quantity Take-off in Fire-damaged Area Using 3D Laser Scanning (3D Laser Scanning을 활용한 화재 손상 부위의 보수·보강 물량 산출 방식 개선에 관한 연구)

  • Jeong, Hoi-Jae;Ham, Nam-Hyuk;Lee, Byoung-Do;Park, Kwang-Min;Kim, Jae-Jun
    • Journal of KIBIM
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    • v.9 no.1
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    • pp.11-21
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    • 2019
  • Recently, there is an increase in fire incidents in building structures. Due to this, the importance of fire-damaged buildings' safety diagnosis and evaluation after fire is growing. However, the existing fire-damaged safety diagnosis and evaluation methods are personnel-oriented, so the diagnostic results are intervened by investigators' subjectivity and unquantified. Thus, improper repair and reinforcement can result in secondary damage accidents and economic losses. In order to overcome these limitations, this study proposes using 3D laser scanning technology. The case analysis of fire-damaged building structures was conducted to verify the effectiveness of accuracy and manpowering by comparing the existing method and the proposed method. The proposed method using 3D laser scanning technology to obtain point cloud data of fire-damaged field. The point cloud data and BIM model is combined to inspect the fire-damaged area and depth. From inspection, quantified repair and reinforcement quantity take-off can be acquired. Also, the proposed method saves half of the manpowering within same time period compared to the existing method. Therefore, it seems that using 3D laser scanning technology in fire-damaged safety diagnosis and evaluation will improve in accuracy and saving time and manpowering.

The distribution and composition of seabed litter in the exclusive economic zone of the West Sea of South Korea (우리나라 서해 근해 해저 쓰레기 분포 및 조성)

  • KIM, Jung Nyun;KANG, Myounghee;JO, Hyun-Su
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.53 no.4
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    • pp.437-445
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    • 2017
  • Distribution and composition of the seabed litters in the exclusive economic zone of the West Sea of South Korea including 18 sea-blocks were investigated using a bottom trawl gear of the R/V Tamgtu 20 (National Institute of Fisheries Science) from 24th April 2011 to 4th May 2012. Each trawl shot was conducted for an hour in each sea-block and the total trawl shots was 18. As a result, 325.6 kg of seabed litter in total has been collected. The quantity of the seabed litter was highest at No. 202 of the sea-block, close to the Heuksan-Do. The highest occupied sea material was plastic (83.1% of entire seabed litters), the second highest material was metal combined with plastic (10.6%), and glass (2.9%), metals (2.3%), vinyl (0.6%), cloth (0.4%) and wood (0.2%) in order. The origin of seabed litters was from fishing gear (89.0% of all seabed litters). Therefore, it could be assumed that most seabed litters were derived from the fishing activity for example fishing nets and ropes.

Research on Line Overload Emergency Control Strategy Based on the Source-Load Synergy Coefficient

  • Ma, Jing;Kang, Wenbo;Thorp, James S.
    • Journal of Electrical Engineering and Technology
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    • v.13 no.3
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    • pp.1079-1088
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    • 2018
  • A line overload emergency control strategy based on the source-load synergy coefficient is proposed in this paper. First, the definition of the source-load synergy coefficient is introduced. When line overload is detected, the source-load branch synergy coefficient and source-load distribution synergy coefficient are calculated according to the real-time operation mode of the system. Second, the generator tripping and load shedding control node set is determined according to the source-load branch synergy coefficient. And then, according to the line overload condition, the control quantity of each control node is determined using the Double Fitness Particle Swarm Optimization (DFPSO), with minimum system economic loss as the objective function. Thus load shedding for the overloaded line could be realized. On this basis, in order to guarantee continuous and reliable power supply, on the condition that no new line overload is caused, some of the untripped generators are selected according to the source-load distribution synergy coefficient to increase power output. Thus power supply could be restored to some of the shedded loads, and the economic loss caused by emergency control could be minimized. Simulation tests on the IEEE 10-machine 39-bus system verify the effectiveness and feasibility of the proposed strategy.

Designing of a Global Logistics System for the ICGCPS under Considering Overseas Markets

  • Hiraki, Shusaku;Ichimura, Takaya;Ishii, Kazuyoshi
    • Industrial Engineering and Management Systems
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    • v.7 no.3
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    • pp.189-196
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    • 2008
  • This paper proposes a way of designing of a global logistics system for "the international cooperative global complementary production system" (ICGCPS) constructed in ASEAN region. ICGCPS is a global production system with several production bases located in a number of countries. In order to assemble the final products and sell them in the domestic market, each production base produces only special kinds of components and parts with the total demand required all the participating countries, and supplies them to the other production bases each other. In the ICGCPS, there are a number of important decision-making problems such as identifying which countries are suitable to produce specified components and parts, and deciding how to transport components and parts between the production bases. In the initial period of this system, each production base focused on its domestic market so that the final products it produced were sold only in the country where the base was located. Recently, some production bases have expanded sales to overseas markets. Taking this fact into account, we propose a production and transportation planning model in this paper that takes into account the export quantity of the final products, formulating it into a mathematical programming problem. Using this, we propose a way for managing the supply chain processes of the ICGCPS in order to improve performance measurements such as the total lead-time, the inventory quantity at the depot and the average rate of loading. A numerical example is presented to clarify the procedure proposed in this paper.

Background and Prospect for the Commercialization of Food Irradiation (식품조사(食品照射) 실용화(實用化)에 대한 배경(背景)과 전망(展望))

  • Kwon, Joong-Ho
    • Journal of the Korean Society of Food Science and Nutrition
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    • v.14 no.1
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    • pp.88-94
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    • 1985
  • Food irradiation is increasingly recognized as the sole viable alternative to traditional method of food preservation in terms of reducing the overall quantity of spoiled food, reducing energy used in food storage, and reducing reliance on chemicals known to be hazardous but currently required for disinfestation. Irradiation with ionizing radiation can be applied in the fields of sprout inhibition, disinfestation of insects, sterilization, delay of ripening, and improvement of organoleptic properties in food. In order to back up the commercialization of food irradiation in Korea, this review not only dealt with the international background for food irradiation and wholesomeness of irradiated food, but also evaluated economic feasibility of irradiated food, irradiation facilities, and domestic status of food irradiation studies.

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Warehouse Storage Capacity with Leased Space for Different Storage Policies (저장방식별 외부 임차공간을 고려한 창고 저장용량)

  • Lee, Moon-Kye
    • Journal of Korean Institute of Industrial Engineers
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    • v.27 no.4
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    • pp.328-336
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    • 2001
  • In this paper, an approach is presented for determining the required storage capacity of a warehouse with leased public space. Storage assignment policies considered are randomized and class-based storage assignment policies. An analytic model for each of the storage policies is formulated with the objective of minimizing the cost of owned storage space and leased space while satisfying a desired service level of protection against space shortages. Cost functions used in the models are piecewise liear with fixed costs. For the models, algorithms are developed to generate optimal solutions. The approach is applied to the systems where the standard economic-order-quantity inventory model is used for all items being stored in the warehouse.

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