• Title/Summary/Keyword: Industrial diversification

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A study on Strategies of Entering the Overseas Market for the Profit Diversification of the Traditional Performing Arts Industry (전통공연예술산업의 수익 다원화를 위한 해외시장진출 모델연구)

  • Bek, Jungil;No, Suyeon
    • The Journal of the Korea Contents Association
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    • v.21 no.1
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    • pp.55-65
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    • 2021
  • The purpose of this study is to explore whether entering the overseas market can be an opportunity in overcoming the limitations of the single profit structure in which the traditional performing arts industry relies on public support. To this end, we applied the concept of industrial value-chain and business model and divided the overseas market entry process into four stages-preparation, promotion, harvest, and follow-up. Based on three case-studies that actively pursued overseas market development with market-oriented thinking in the field of traditional music, the relevant entry model of overseas market for the Korean traditional performing arts industry was suggested. Although the overseas market is not yet a major source of revenue, the traditional performing arts teams searching for profit diversification can consider the overseas entry model derived from this study. Also as found in case studies, the Korean government should establish an institutional system to foster planning and distribution experts in charge of overseas markets for the traditional performing arts, and develop a long-term information provision program away from the one-time expense support.

Framework for Self-reconfigurable and Collaborative Supply Chains and Revenue Sharing Strategy based on Trust Models of Enterprises (자율 재구성형 협업 공급망 프레임워크 및 기업간 신뢰모델 기반 이익분배 전략 개발)

  • Lee, Ki-Youl;Ryu, Kwang-Yeol;Moon, Il-Kyeong;Jung, Moo-Young
    • Journal of Korean Institute of Industrial Engineers
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    • v.37 no.4
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    • pp.323-330
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    • 2011
  • Globalization of market and diversification of customers' needs make enterprises to collaboration of participants in supply chain. To establish collaboration, supply chain must have the flexibility and reconfigurability, which are supported by fractal based supply chain management (FrSCM). In this paper, base on the FrSCM, formulation of trust model among the enterprises in the supply chain, and development of profit sharing strategies in the supply chain based on the trust model are investigated. To evaluate trust model, generation of enterprise's goal and its description, extraction and systematic composition of trust factors and trust evaluation are investigated. Based on the developed model, we developed the fuzzy inference engine to evaluate the trust value in terms of numerical value. And then revenue sharing strategies are developed based on the fractal concept and trust model for the collaborative SCM. The fractal concept is used to obtain the optimal production and transportation plans. In addition, the trust model will be integrated into the RS model. In such an RS model, the supply chain will obtain the maximum total profit and profit of each participant depends on its trust value.

Scheduling of Printing Process in which Ink Color Changes Exist (잉크 색상 변화가 존재하는 인쇄 공정의 스케줄링)

  • Moon, Jae Kyeong;Uhm, Hyun Seop;Tae, Hyun Chul
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.4
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    • pp.32-42
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    • 2021
  • The printing process can have to print various colors with a limited capacity of printing facility such as ink containers that are needed cleaning to change color. In each container, cleaning time exists to assign corresponding inks, and it is considered as the setup cost required to reduce the increasing productivity. The existing manual method, which is based on the worker's experience or intuition, is difficult to respond to the diversification of color requirements, mathematical modeling and algorithms are suggested for efficient scheduling. In this study, we propose a new type of scheduling problem for the printing process. First, we suggest a mathematical model that optimizes the color assignment and scheduling. Although the suggested model guarantees global optimality, it needs a lot of computational time to solve. Thus, we decompose the original problem into sequencing orders and allocating ink problems. An approximate function is used to compute the job scheduling, and local search heuristic based on 2-opt algorithm is suggested for reducing computational time. In order to verify the effectiveness of our method, we compared the algorithms' performance. The results show that the suggested decomposition structure can find acceptable solutions within a reasonable time. Also, we present schematized results for field application.

Structural parameter estimation combining domain decomposition techniques with immune algorithm

  • Rao, A. Rama Mohan;Lakshmi, K.
    • Smart Structures and Systems
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    • v.8 no.4
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    • pp.343-365
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    • 2011
  • Structural system identification (SSI) is an inverse problem of difficult solution. Currently, difficulties lie in the development of algorithms which can cater to large size problems. In this paper, a parameter estimation technique based on evolutionary strategy is presented to overcome some of the difficulties encountered in using the traditional system identification methods in terms of convergence. In this paper, a non-traditional form of system identification technique employing evolutionary algorithms is proposed. In order to improve the convergence characteristics, it is proposed to employ immune algorithms which are proved to be built with superior diversification mechanism than the conventional evolutionary algorithms and are being used for several practical complex optimisation problems. In order to reduce the number of design variables, domain decomposition methods are used, where the identification process of the entire structure is carried out in multiple stages rather than in single step. The domain decomposition based methods also help in limiting the number of sensors to be employed during dynamic testing of the structure to be identified, as the process of system identification is carried out in multiple stages. A fifteen storey framed structure, truss bridge and 40 m tall microwave tower are considered as a numerical examples to demonstrate the effectiveness of the domain decomposition based structural system identification technique using immune algorithm.

Impact of Economic Policy Uncertainty and Macroeconomic Factors on Stock Market Volatility: Evidence from Islamic Indices

  • AZIZ, Tariq;MARWAT, Jahanzeb;MUSTAFA, Sheraz;KUMAR, Vikesh
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.683-692
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    • 2020
  • The primary purpose of the study is to investigate the volatility spillovers from global economic policy uncertainty and macroeconomic factors to the Islamic stock market returns. The study focuses on the Islamic stock indices of emerging economies including Indonesia, Malaysia, and Turkey. The Macroeconomic factors are industrial production, consumer price index, exchange rate. EGARCH model is employed for investigation of volatility spillovers. The results show that the global economic policy uncertainty has a significant spillover effect only on the returns of Turkish Islamic stock index. Similarly, the shocks in macroeconomic factors have little influence on the volatility of Islamic indices returns. The volatility of Indonesian and the Turkish Islamic stock indices returns is not influenced from the fluctuations in macroeconomic factors. However, there is significant volatility spillover only from industrial production to the returns of Malaysian Islamic index. The results suggest that the Islamic stock markets are less likely to influence from the global economic policies and macroeconomic factors. The stability of Islamic stocks provide opportunity for diversification of portfolios, particularly in stressed market conditions. The major price factors of Islamic markets could be firms' specific factors or investors' behaviors. The findings are helpful for policy makers and investors in formulating policies and portfolios.

A Study on the Regional Textile Education System for Promoting Regional Specialization of Textile Industry -Comparison between Korean and Italian Textile Industries- (직물소재의 지역특화를 위한 섬유산지의 섬유전문교육체제에 관한 연구 -한국과 이태리의 비교 분석-)

  • 이은옥
    • The Research Journal of the Costume Culture
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    • v.11 no.5
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    • pp.619-646
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    • 2003
  • The purpose of this study is to explore and compare the regional characteristics of textile industries and corresponding education systems in Korea and Italy. The Italian textile industry is well known for its continuous development of high quality textile fabrics and aesthetic fashion design. One of contributing factors for the success of Italian textile industry is its regional specialization of the industry and corresponding education systems. In particular, the regional education systems in Italy are designed to educate and supply labors necessary to the development of the regional textile industries. According to the study, this characteristic is well shown in their curriculum which emphasizes the practicality and corporation with the industry. In contrast, the Korean education system for the textile industry ignores the regional specialization and its curriculum is designed, in large part, to produce textile designers. This causes difficulties in meeting the various demands from the industry such as the textile planning, textile production, and textile marketing and sales. To solve the problems, we must encourage the industrial-educational corporation to promote the practicality of the textile education system and make diversification and specialization of the curriculum of textile education to cultivate men of talent, such as merchandisers, fashion coordinators, converters, stylists, and displayer, necessary to the development of the Korean textile industry.

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Bibliometric Network Analysis on Supply Chain Risk Management Research (공급사슬 리스크 관리 연구동향 분석: 네트워크 분석을 중심으로)

  • Pyun, Jebum;Rha, Jin Sung
    • Journal of Korea Society of Industrial Information Systems
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    • v.23 no.6
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    • pp.125-138
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    • 2018
  • Recently, most firms have difficulties in predicting business context due to uncontrollable factors such as natural disasters, terrorism, social and political interests, as well as market factors such as rapid technological change, diversification of customer needs, and intensification of competition with competitors, thereby increasing the importance of risk management. The purpose of this study is to analyze trends of the risk management field concentrating on SCM, which is increasingly interested, and to identify key researches in this field and provide useful academic information. This study collected the information of the articles published in journals using the Scopus database, and analyzed both the network generated by keywords proposed in the articles and the network generated by the information for citations and co-authorship.

Development of Control Program for Methane-hydrogen Fuel Conversion Based on Oxygen Concentration in Exhaust Gas (배기가스 내 산소 농도 기반 메탄-수소 연료 전환 제어 프로그램 개발)

  • EUNJU SHIN;YOUNG BAE KIM
    • Journal of Hydrogen and New Energy
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    • v.34 no.1
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    • pp.38-46
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    • 2023
  • Carbon neutrality policies have been strengthened to reduce emissions, and the importance of technology road maps has been emphasized. In the global industrial boiler market, carbon neutrality is implemented through fuel diversification of methane-hydrogen mixture gas. However, various problems such as flashback and flame unstability arise. There is a limit to implementing the actual system as it remains in the early stage. Therefore, it is necessary to secure the source technology of methane-hydrogen hybrid combustion system applicable to industrial fields. In this study, control program for methane-hydrogen fuel conversion was developed to expect various parameters. After determining the hydrogen mixing ratio and the input air flow, the fuel conversion control algorithm was constructed to get the parameters that achieve the target oxygen concentration in the exhaust gas. LabVIEW program was used to derive correlations among hydrogen mixing rate, oxygen concentration in exhaust gas, input amount of air and heating value.

Analysis and Survey on Occupational Safety and Health Management Expenses in the Construction Industry (건설업 산업안전보건관리비 사용 실태조사 및 분석)

  • Sung-Yun Kang;Oh-Se Wook;Kim-Chang Won;Kihyo Jung
    • Journal of the Korea Safety Management & Science
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    • v.25 no.2
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    • pp.113-120
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    • 2023
  • Occupational safety and health management expenses in the construction industry are statutory and separately included in the cost statement to prevent occupational accidents and health problems. The expenses are determined by multiplying the standard amount by the rate decided according to construction types and scales. However, the current expense appropriation method does not properly reflect the recent changes in the construction industry such as industry size, industry diversification, and social atmosphere about safety reinforcement. This study surveyed 1579 questionnaires in total and analyzed expense execution rate and proportion of each expense category. The expense execution rate was relative higher in complex construction (e.g., heavy construction = 126%, civil engineering = 125%) and long-period project (equal to or over 48 months construction = 133%) compared to general construction (98~116%) and short-period project (less than 48 months construction = 115%). The proportion of spending expenses was higher in the category of safety manager labor costs (25~52%), safety facility costs (22~40%), and personal protective equipment costs (10~25%). The analysis results of the study can be utilized in revising the standard expense appropriation method by reflecting the current usages of the occupational safety and health management expenses in the construction industry.

A study on the Situations of Fashion Design Education in Busan (부산 패션디자인 교육의 현황에 관한 연구)

  • Park Tae-Yong
    • Journal of the Korean Society of Clothing and Textiles
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    • v.29 no.5 s.142
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    • pp.585-594
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    • 2005
  • The purpose of this study was to analyze the situations and satisfaction of fashion design education in Busan, and the way to promote it. Data were collected from 192 college(university) students and 185 vocational students living in Busan and analysed by frequency analysis, factor analysis, Cronbach's $\alpha$, multiple regression, and t-test. The results are as follow; 1. Factor analysis has extracted three factors: environmental factors, student factors and quality of education factors. 2. The biggest factor that affects the satisfaction level of the education fumed out to be the student factors, followed by the environmental factors. 3. Demonstrated that vocational students were more satisfied with their education and had a higher degree of pride and confidence in their educational factors and level of satisfaction than college(university) students. In conclusion, we must encourage the industrial-educational corporation to promote the practicality of the fashion design education system and make diversification and specialization of the curriculum of fashion design education to cultivate students of talent.