• Title/Summary/Keyword: Performance Based Logistics

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Performance Analysis of Trading Strategy using Gradient Boosting Machine Learning and Genetic Algorithm

  • Jang, Phil-Sik
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.11
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    • pp.147-155
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    • 2022
  • In this study, we developed a system to dynamically balance a daily stock portfolio and performed trading simulations using gradient boosting and genetic algorithms. We collected various stock market data from stocks listed on the KOSPI and KOSDAQ markets, including investor-specific transaction data. Subsequently, we indexed the data as a preprocessing step, and used feature engineering to modify and generate variables for training. First, we experimentally compared the performance of three popular gradient boosting algorithms in terms of accuracy, precision, recall, and F1-score, including XGBoost, LightGBM, and CatBoost. Based on the results, in a second experiment, we used a LightGBM model trained on the collected data along with genetic algorithms to predict and select stocks with a high daily probability of profit. We also conducted simulations of trading during the period of the testing data to analyze the performance of the proposed approach compared with the KOSPI and KOSDAQ indices in terms of the CAGR (Compound Annual Growth Rate), MDD (Maximum Draw Down), Sharpe ratio, and volatility. The results showed that the proposed strategies outperformed those employed by the Korean stock market in terms of all performance metrics. Moreover, our proposed LightGBM model with a genetic algorithm exhibited competitive performance in predicting stock price movements.

An Empirical Study on the Effects of Alliance Strategy and National Culture Characteristics on Alliance Performance (제휴기업의 국가문화특성이 제휴 성과에 미치는 영향에 대한 실증분석)

  • Lee, Jungah;Kang, Nakjung
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.8 no.6
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    • pp.121-130
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    • 2018
  • The purpose of this study is to analyze the effect of partnership type (pre-competitive, competitive, pro - competitive, non - competitive partnership) and national cultural characteristics on partnership performance. In order to analyze this, we conducted questionnaires on companies that have conducted international management and affiliated companies. A total of 223 questionnaires were sent. A total of 121 inquiries were collected from 224 survey requests. Based on this, a structured questionnaire was sent back to the staff members listed in the survey request, and a total of 98 samples were collected. The results of the empirical analysis through the questionnaire showed that the difference between the affiliation type and the national culture had a significant effect on the partnership performance. The results showed that the difference between the affiliation type and the national culture had a significant effect on the partnership performance. This could be a very meaningful implication for companies that are able to achieve successful alliances in a way that enables them to achieve successful alliances.

A Proposal on the Consulting Model for Efficient Construction of Material Handling Automation System : Focused on K Company's Case (물류자동화 시스템의 효율적 구축을 위한 컨설팅 방법론 제안 : K기업의 사례를 중심으로)

  • Ko, J.H.;Cho, J.H.;Oh, H.S.;Shim, S.C.;Ryu, J.H.;Lee, S.J.
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.4
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    • pp.202-211
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    • 2015
  • Companies build the factory automation system to improve management effectiveness and productivity as prime strategies for sustainable growth. But most companies undergo various trials and errors while carrying out the project without elaborate preparation stage for factory automation. In this study, we tried to verify what factors are critical to effectively building distribution automation system, which is a branch of factory automation system. A consulting model for setting up a Material Handling Automation System by utilizing the Stage-Gate Process, which is product development process was studied. 29 material handling automation projects carried out between the year 1990 to 2013 at K-Company were selected. Interviews with the project managers, operators and maintenance personnels, various records and current status of the projects were used as data for structural equations based on the Milan consulting model and existing researches of factory automation, CIM for material handling automation. Creating effective basis of production, material handling system and energy saving system with expert review, when preparing a material handling automation project, help promote the project planning thus contributing to the performance of the resulting system, which appears though rather weakly in our data. Also the effect of material handling automation can be enhanced through sufficient and effective links to the relevant environments such as production logistics management and automated warehouses. More detailed planning characteristics of project promotion or some time-series data of effective Material Handling Automation System could enhace furthur studies. We propose a consulting model for setting up an efficient material handling automation system.

A Study on the Franchise Business Environment and its Strategy in United Kingdom (영국 프랜차이즈 사업 환경과 진출 전략에 관한 연구)

  • Jang, Han-Byul;Lee, Sang-Youn
    • The Korean Journal of Franchise Management
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    • v.3 no.2
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    • pp.39-54
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    • 2012
  • Franchise system in Korea has been developed in different way compared with American way of franchising based on mutual contract and intellectual property context. Korean franchising is mostly based on product distribution franchise concept rather than business format franchise in which franchisor makes revenue sources from providing their products as much as possible thru group purchasing and logistics rather than receiving royalty. Many franchise enterprises from Korea drive to enter into global franchise market based on the successful performance of Korean way of franchising. Korean enterprises are required to prepare completely for research and survey regarding local culture, custom, way of life and legal matters etc. when entering into global franchise market to gain a substantial performance. CaffeBene recently entered into American franchise business with success, and many other Korean franchise enterprises have a deep interest in proceeding with global franchise business modeling CaffeBene case. There is no Korean franchise enterprise in United Kingdom in which service franchise area in particular with personal service is considered to become a promising and potential franchise business and many people show a great interest in Oriental foods and beverages with well-being trend. Korean franchise enterprises have now access to United Kingdom easier because IT industry including internet of the country have been developed by leaps and bounds since London Olympic in 2012. The purpose of this study is to suggest key success factors and basic strategy such as situation analysis, selecting business format, and marketing strategy for successful launching of franchise business in United Kingdom.

A Study on the Intelligent Quick Response System for Fast Fashion(IQRS-FF) (패스트 패션을 위한 지능형 신속대응시스템(IQRS-FF)에 관한 연구)

  • Park, Hyun-Sung;Park, Kwang-Ho
    • Journal of Intelligence and Information Systems
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    • v.16 no.3
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    • pp.163-179
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    • 2010
  • Recentlythe concept of fast fashion is drawing attention as customer needs are diversified and supply lead time is getting shorter in fashion industry. It is emphasized as one of the critical success factors in the fashion industry how quickly and efficiently to satisfy the customer needs as the competition has intensified. Because the fast fashion is inherently susceptible to trend, it is very important for fashion retailers to make quick decisions regarding items to launch, quantity based on demand prediction, and the time to respond. Also the planning decisions must be executed through the business processes of procurement, production, and logistics in real time. In order to adapt to this trend, the fashion industry urgently needs supports from intelligent quick response(QR) system. However, the traditional functions of QR systems have not been able to completely satisfy such demands of the fast fashion industry. This paper proposes an intelligent quick response system for the fast fashion(IQRS-FF). Presented are models for QR process, QR principles and execution, and QR quantity and timing computation. IQRS-FF models support the decision makers by providing useful information with automated and rule-based algorithms. If the predefined conditions of a rule are satisfied, the actions defined in the rule are automatically taken or informed to the decision makers. In IQRS-FF, QRdecisions are made in two stages: pre-season and in-season. In pre-season, firstly master demand prediction is performed based on the macro level analysis such as local and global economy, fashion trends and competitors. The prediction proceeds to the master production and procurement planning. Checking availability and delivery of materials for production, decision makers must make reservations or request procurements. For the outsourcing materials, they must check the availability and capacity of partners. By the master plans, the performance of the QR during the in-season is greatly enhanced and the decision to select the QR items is made fully considering the availability of materials in warehouse as well as partners' capacity. During in-season, the decision makers must find the right time to QR as the actual sales occur in stores. Then they are to decide items to QRbased not only on the qualitative criteria such as opinions from sales persons but also on the quantitative criteria such as sales volume, the recent sales trend, inventory level, the remaining period, the forecast for the remaining period, and competitors' performance. To calculate QR quantity in IQRS-FF, two calculation methods are designed: QR Index based calculation and attribute similarity based calculation using demographic cluster. In the early period of a new season, the attribute similarity based QR amount calculation is better used because there are not enough historical sales data. By analyzing sales trends of the categories or items that have similar attributes, QR quantity can be computed. On the other hand, in case of having enough information to analyze the sales trends or forecasting, the QR Index based calculation method can be used. Having defined the models for decision making for QR, we design KPIs(Key Performance Indicators) to test the reliability of the models in critical decision makings: the difference of sales volumebetween QR items and non-QR items; the accuracy rate of QR the lead-time spent on QR decision-making. To verify the effectiveness and practicality of the proposed models, a case study has been performed for a representative fashion company which recently developed and launched the IQRS-FF. The case study shows that the average sales rateof QR items increased by 15%, the differences in sales rate between QR items and non-QR items increased by 10%, the QR accuracy was 70%, the lead time for QR dramatically decreased from 120 hours to 8 hours.

RFID System with Localization Function Based on Zigbee RSSI (Zigbee RSSI 기반의 위치추정 기능을 탑재한 RFID 시스템)

  • Kim, Tae-Yun;Hwang, Suk-Seung
    • The Journal of the Korea institute of electronic communication sciences
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    • v.11 no.12
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    • pp.1201-1208
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    • 2016
  • Radio Frequency Identification (RFID) technology has a significant attraction throughout various industry sites, along with the development of wireless communication technologies. The typical applications of RFID include medical, logistics, and distribution, and, specially, it is effectively applied to non-contact environments, because it employs radio waves. Although, recently, construction cases of the RFID management systems for the inventory management of the construction materials have been increased, the related researches and experiments for the reused materials are not actively performed. In this paper, we propose the RFID system with the localization function for effectively managing the reuse of the construction materials, adding to the conventional inventory management system. The proposed system consists of a RFID reader unit and a receiver unit, and the location information of the material with the attached RFID tag is obtained by estimating the position of a RFID reader. The distance value for estimating the reader position is calculated using the Received Signal Strength Indicator (RSSI) value of Zigbee, and the performance evaluation of the proposed system is performed in the indoor space of $5m{\times}5m$.

A Study on Performance Evaluation of Conveyor System in Corrugated Mamanufacturing Industry (골판지 제조업체의 컨베이어 시스템 성능평가 사례연구)

  • Lee, Yeong-Jae;Kim, Jae-Sik
    • The Transactions of the Korea Information Processing Society
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    • v.3 no.1
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    • pp.1-8
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    • 1996
  • A conveyor system in corrugated manufacturing industry may be in charge of carriage/storage, and may control logistics flow and production activities of products in a manufacturing process which consists of corrugators, conveyors, and printer-slotter systems. It identifies problems that the conveyor system in this case study is overloaded and often operated manually. This research is to evaluate e the conveyor system though simulation model of technological evaluation beyond d eco-nomic and qualitative one. The rate of operation and the load of the conveyor system are used as parameters in the simulation. This paper suggests a direction to a new conveyor system implementation the basis of the results that are derived by new alternatives based on current model. The best alternative is supposed to be the number of conveyors and the operation times of the printer-slotter that may be increased at the same time.

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E-Business and Transaction Cost: Applications to Environment and Glocalization (e-비즈니스와 거래비용: 환경과 글로컬화에의 적용)

  • Lee, Sang-Ho;Cho, Sumi
    • Journal of Digital Convergence
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    • v.11 no.4
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    • pp.109-119
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    • 2013
  • Recent lifeline with Internet and smart-phone is a new ICT-based revolution that has transformed the structure of economics and business activities in digital economy. This paper deals with some economic perspectives on the conceptual concerns on transaction costs and its applications to energy and environments, and glocalization strategies of e-business. First, we consider substantial differences between offline and online channel transactions and categorize three different aspects of transaction costs in the purchasing process in both channels. Second, we examine the impacts of e-business that affect sustainable environments and provide some considerations on energy savings, product-process design, and logistics. Finally, we present some opportunities and challenges posted by global e-business and outline the economics of networking in achieving enhanced performance and competitive advantage through glocalization strategies of e-business.

Integrated Decision-making for Sequencing and Storage Location of Export Containers at a Receiving Operation in the Container Terminal with a Perpendicular Layout (수직 배치형 컨테이너 터미널 반입작업에서 수출 컨테이너의 작업순서와 장치위치 통합 의사결정)

  • Bae, Jong-Wook;Park, Young-Man
    • Journal of Navigation and Port Research
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    • v.35 no.8
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    • pp.657-665
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    • 2011
  • This study deals with an integrated problem for deciding sequencing and storage location of export containers together at its receiving operation in the container terminal with a perpendicular layout. The preferred storage location of an export container varies with the priority of the corresponding loading operation and the waiting time of an external truck depends on its storage time. This paper proposes the mixed integer programming model considering the expected arrival time and expected finish time of an external truck and the preferred storage location for its loading operation. And we suggest the heuristic algorithm based on a simulated annealing algorithm for real world adaption. We compare the heuristic algorithm with the optimum model in terms of the computation times and total cost and the performance of the heuristic algorithm is analyzed through a numerical experiment.

A Process Perspective Event-log Analysis Method for Airport BHS (Baggage Handling System) (공항 수하물 처리 시스템 이벤트 로그의 프로세스 관점 분석 방안 연구)

  • Park, Shin-nyum;Song, Minseok
    • The Journal of Bigdata
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    • v.5 no.1
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    • pp.181-188
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    • 2020
  • As the size of the airport terminal grows in line with the rapid growth of aviation passengers, the advanced baggage handling system that combines various data technologies has become an essential element in order to handle the baggage carried by passengers swiftly and accurately. Therefore, this study introduces the method of analyzing the baggage handling capacity of domestic airports through the latest data analysis methodology from the process point of view to advance the operation of the airport BHS and the main points based on event log data. By presenting an accurate load prediction method, it can lead to advanced BHS operation strategies in the future, such as the preemptive arrangement of resources and optimization of flight-carrousel scheduling. The data used in the analysis utilized the APIs that can be obtained by searching for "Korea Airports Corporation" in the public data portal. As a result of applying the method to the domestic airport BHS simulation model, it was possible to confirm a high level of predictive performance.