• Title/Summary/Keyword: Management flexibility

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Manufacturing strategy and change programs of Korean firms (한국제조기업의 생산전략과 생산혁신활동)

  • 이승규;김진섭
    • Korean Management Science Review
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    • v.13 no.1
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    • pp.135-156
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    • 1996
  • The purpose of this paper is to study the links between manufacturing strategy and change programs of manufacturing firms in Korea. The nature of our analysis is more descriptive than normative or confirmative. First, we investigate the linkage between manufacturing strategy, manufacturing capability, change programs and performance measurement systems. Secondly, we intend to explore an empirical typology of manufacturing strategy and change programs. The initial findings of the study are as follows: Linkage between manufacturing strategy and change programs of manufacturing firms was not apparent. Flexibility as a strategic priority is positively related to the innovative change programs. There are two distinctive strategies of manufacturing firms in Korea, namely, quality strategy and balanced strategy. We identified three types of change programs, which are incremental change, administrative innovation, and process innovation. Incremental change group has represented low factor score in the change program dimensions. The firms in administrative innovation group mainly depend on information systems and business reengineering. Korean manufacturing firms seem to pursue process improvement by trying simultaneously incremental change in the process, managerial process improvement, and a little bit of innovative change. Performance variable utilization of the firms are not significantly different along with manufacturing strategies and change programs. We found, however, learning and improvement performance dimension is significantly related to flexibility variables. Process innovation group marked high score in usage of learning and improvement indices. The findings of this study seem to have various implications on realigning the manufacturing strategy, change programs, and performance systems in Korean firms.

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Comparison of Success Rates of Supply Chain Contract using Simulation (시뮬레이션을 이용한 공급사슬 계약 성사율 비교)

  • Gao, Yang;Seo, Dong-Won
    • Journal of the Korea Society for Simulation
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    • v.31 no.1
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    • pp.19-27
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    • 2022
  • This study compares and analyzes wholesale(or price-only) contract, revenue-sharing contract, quantity-flexibility contract, and channel-rebate contract in a decentralized supply chain consisting of one supplier and one retailer. By setting the parameters of each coordination contract based on the previous results, we conduct simulations using @RISK for several combinations of these parameters. Under the supply chain coordination, we evaluate the probability of successfully signing a contract and the participant in favor of each contract. As a result, the quantity-flexibility contracts is most advantageous for the retailer and the channel-rebate contracts is most advantageous for the supplier. It revealed that revenue-sharing contracts can be used more flexibly because they can be selected in the widest range to redistribute profits between supplier and retailer.

Key Indicators for the Growth of Logistics and Distribution Tech Startups in Thailand

  • Thanatchaporn JARUWANAKUL
    • Journal of Distribution Science
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    • v.21 no.2
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    • pp.35-43
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    • 2023
  • Purpose: As Thailand seeks to become a regional startup hub, Thai startups have been acquiring growth and scalability in the last ten years. Hence, this paper examines influential factors in Thailand's growth of logistics tech startups. The conceptual framework incorporates sensing user needs, sensing technological options, conceptualizing, scaling, and stretching, co-producing, and orchestrating, business strategy, strategic flexibility, and startup growth. Research design, data, and methodology: The quantitative method was applied to distribute the questionnaire to 500 managers and above in logistics tech startups in Thailand. The sampling techniques involve judgmental, convenience, and snowball samplings. Before the data collection, The Item Objective Congruence (IOC) Index and pilot test (n=45) were employed for content validity and reliability. The data were mainly analyzed by Confirmatory Factor Analysis (CFA) and Structural Equation Model (SEM). Results: The findings revealed that sensing technological options, scaling, and stretching, co-producing, and orchestrating, and business strategy significantly influence the growth of startups in Thailand. Nevertheless, sensing user needs, conceptualizing, and strategic flexibility have no significant relationship with startup growth. Conclusions: For Thailand to accelerate its digital economy driven by tech startups, firms must emphasize influential factors to accelerate growth by providing the right tech solutions for people's lives.

VALUATION OF A MULTI-STAGE RAINWATER HARVESTING TANK CONSTRUCTION USING A REAL OPTION APPROACH

  • Byungil Kim;Hyoungkwan Kim;SangHyun Lee
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.386-389
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    • 2013
  • Under climate change and urbanization, rainwater harvesting (RWH) systems are emerging as an alternative source of water supply because of growing concern about water sustainability. RWH systems can satisfy the various watering needs and provide the environmental benefits of lessening the damages from flood, drought, and runoff. The economic success of a RWH system is vitally concerned with the determination of the design capacity of storage tank to be built in the system. The design capacity is determined by the factors of average annual rainfall, period of water scarcity, and water price during the whole life-cycles. Despite the high uncertainties inherent in these factors, the current engineering design of RWH system construction often assumes that storage tanks should be built all at once. This assumption implicitly ignores the managerial flexibility in responds to the future as new information comes out-the right to build storage tanks stage by stage depending on the evolution of demand. This study evaluates the value of a multistage storage tank construction using a real option approach. A case study involving a typical RWH system construction in Jeonju, the Republic of Korea is conducted. The managerial flexibility obtained from the real option perspective allows engineers to develop investment strategies to better cope with the issue of water sustainability.

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A Study on the SCM Partnerships Factors and Business Performance (섬유산업의 SCM 파트너십 요인과 사업성과에 관한 연구)

  • Kim, Chang-Bong;Kwon, Seung-Ha
    • International Commerce and Information Review
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    • v.10 no.3
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    • pp.221-238
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    • 2008
  • This paper examined the supply chain management partnerships factors and business performance in textile industry. To build a global network, we should consider the following critical factors such as lead-time reduction, information sharing, and inventory management. The purpose of this study is to focus on QR (Quick Response) of SCM in textile industries to clarify which of the SCM factors contribute to business performance for the SCM firms. Based on the analysis of eighth-six cases, the following results were found. First, partnerships factors of supply chain management have a positively significant influence on responsiveness of supply chain management. Second, partnerships factors of supply chain management have a positively significant influence on flexibility of supply chain management. This study suggests that partnerships are main factors for the business performance. Especially, our empirical evidence shows that capacity of firms practicing SCM, information techniques, and partnerships make the firms' business performance more responsive and flexible.

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ASP Vendor Attributes that Affect ASP Client Satisfaction (ASP(Application Service Provider) 사용 기업 만족도에 영향을 미치는 공급사 특성에 관한 연구)

  • Kim, Gyeong-Min;Lee, Myung-Jin
    • Journal of Information Technology Applications and Management
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    • v.11 no.2
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    • pp.65-80
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    • 2004
  • The primary purpose of this study is to investigate ASP (Application Service Provider) vendor attributes that affect ASP client satisfaction. From the relevant literature, ASP vendor attributes that might affect the ASP client satisfaction were derived from which the survey questions were formulated. The survey was conducted among the companies that have adopted ASP. Through the factor analysis of the survey results, the following vendor attributes - vendor's IT infra structure, service reliability, service flexibility, vendor stability, IS maturity, information sharing - were derived ; and the relationships between those attributes and ASP client satisfaction were explored. The result of this study revealed that IT infra, service flexibility, vendor stability are related to ASP client satisfaction. The customer satisfaction factors in the traditional outsourcing -- reliability, IS maturity, information sharing were proved to be not applied in ASP environment. This study provides ASP vendors with guidelines on how to improve their ASP strategies to satisfy clients. The results of this study can also be used by client companies as a decision basis for ASP vendor selection.

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The effects of Family and Employment Characteristics on the Psychological Well-being of Men in the Early/Middle Adulthood (가족 및 직업 특성이 중.장년기 남성의 심리적 복지감에 미치는영향)

  • 한경혜
    • Journal of Families and Better Life
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    • v.16 no.2
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    • pp.165-178
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    • 1998
  • The purpose of this study was to explore the effects of family and employment characteristics on the psychological well-being of Korean men in their early/middle adulthood. For this purpose total-sample of 415 married white collar male workers in Seoul were selected. Major findings were as follows; First There was no significant difference between early adulthood and middle adulthood in the level of psychological well-being of married male workers. Second marital satisfaction parental role satisfaction and th employment rate of their spouses were higher among men in the early adulthood whereas the rate of specialized and managerial jobs and job flexibility were higher among men in the middle adulthood. Third parental status parental role satisfaction work flexibility job security and job satisfaction significantly affected the psychological well-being in the early adulthood whereas parental status parental role satisfaction the quality of relationship with colleagues and job s tisfaction had significant effects on it in the middle adulthood.

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커뮤니케이션 매체특성이 협력과 프로젝트 성과에 미치는 영향에 관한 비교연구;메신저와 e-Learning 시스템을 중심으로

  • Go, Yun-Jeong;Go, Il-Sang;Gang, Ju-Seon;Jeong, Cheol
    • 한국경영정보학회:학술대회논문집
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    • 2007.11a
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    • pp.257-262
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    • 2007
  • 본 연구에서는 온라인 커뮤니케이션 매체특성이 그룹의 협력과 프로젝트 성과에 미치는 영향을 메신저와 e-Learning시스템을 대상으로 비교분석하였다. 독립변수인 커뮤니케이션 매체특성은 풍부성(richness), 동기성(synchronization), 유연성(flexibility), 이용편이성(easy of use)으로 구분하였으며, 이 매체특성들이 그룹의 협력에 미치는 영향과 궁극적으로 프로젝트 성과에 미치는 영향을 밝혀내고자 하였다. 검증을 위해 실제 그룹 프로젝트를 수행하는 실험 설계를 이용하였다. 연구결과 메신저를 주로 이용하여 프로젝트를 수행한 그룹에서는 커뮤니케이션 매체특성으로 풍부성과 이용편이성이 협력을 증진시키는 것으로 밝혀졌으며, e-Learning 시스템을 주로 이용한 그룹에서는 이용 편이성만이 협력을 증진시켰으며, 궁극적으로 프로젝트 성과를 향상시키는 것으로 밝혀졌다.

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Telerobotic operations of structurally flexible, long-reach manipulators

  • Kwon, Dong-Soo;Hwang, Dong-Hwan;Badcock, Scott-M.
    • 제어로봇시스템학회:학술대회논문집
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    • 1993.10a
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    • pp.825-829
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    • 1993
  • As a part of the Department of Energy's Environmental Restoration and Waste Management Program, long-reach manipulators are being considered for the retrieval of waste from large storage tanks. Long-reach manipulators may have characteristics significantly different from those of typical industrial robots because of the flexibility of long links needed to cover the large workspace. To avoid structural vibrations during operation, control algorithms employing various types of shaping filters were investigated. A new approach that uses imbedded simulation was developed and compared with others. In the new approach, generation of joint trajectories considering link flexibility was also investigated.

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A Study on the Relationship between Information on Financial Characteristics and Profitability in the Korean Restaurant Industry (국내 레스토랑 기업의 재무 특성 정보와 수익성간의 관계에 관한 연구)

  • Kang, Seok-Woo;Ahn, Seong-Guen
    • Culinary science and hospitality research
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    • v.14 no.4
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    • pp.93-105
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    • 2008
  • This study was attempted to analyze causal relations among flexibility, growth, and profitability variables, which are the financial indexes of restaurant enterprises. The samples were 24 restaurant enterprises in total, and 102 financial statements between 2002 and 2006 were analyzed. As a result of the analysis, total asset growth rate influenced all profitability variables among growth variables. Also, the net sales growth influenced return on sales and return on assets, and the assets turnover influenced return on assets and return on equity. Among flexibility variables, current ratio and interest coverage ratio to operating profit influenced return on assets, and return on equity was influenced by current ratio and debt-to-equity ratio.

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