• Title/Summary/Keyword: Profit Model

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A Study on the Revitalization of Traditional Liquor Distribution: Focus on Social Enterprises

  • Choi, In-Sik;Lee, Sang-Youn
    • Journal of Distribution Science
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    • v.11 no.2
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    • pp.11-21
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    • 2013
  • Purpose - The purpose of the study is to promote the adoption of traditional liquor product contents in order to revitalize the market and to increase consumer awareness of traditional liquor. Research design, data, methodology - In this study, the 4P relationship model was evaluated that included the self-supporting business of traditional liquor, continuous business, diversification of the types of the liquor, and discovery of preliminary social enterprises for the distribution of the liquor. Results - The study suggested a 4P relationship model that consisted of traditional liquor as the product, traditional market as the place, promotion within traditional market, and payment of labor costs. In other words, selection of the traditional liquor product, place, rental supports, distribution and delivery strategies, operations, public relations and training, foundation of social enterprises, and discussion between departments. Conclusions - The central government, local governments, and merchants (the market association) should actively cooperate with each other to revitalize the market for traditional liquor. Social enterprises that rely on a non-profit business model are likely to revitalize the traditional liquor market.

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MULTI-ITEM SHELF-SPACE ALLOCATION OF BREAKABLE ITEMS VIA GENETIC ALGORITHM

  • MAITI MANAS KUMAR;MAITI MANORANJAN
    • Journal of applied mathematics & informatics
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    • v.20 no.1_2
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    • pp.327-343
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    • 2006
  • A general methodology is suggested to solve shelf-space allocation problem of retailers. A multi-item inventory model of breakable items is developed, where items are either complementary or substitute. Demands of the items depend on the amount of stock on the showroom and unit price of the respective items. Also demand of one item decreases (increases) due to the presence of others in case of substitute (complementary) product. For such a model, a Contractive Mapping Genetic Algorithm (CMGA) has been developed and implemented to find the values of different decision variables. These are evaluated to have maximum possible profit out of the proposed system. The system has been illustrated numerically and results for some particular cases are derived. The results are compared with some other heuristic approaches- Simulated Annealing (SA), simple Genetic Algorithm (GA) and Greedy Search Approach (GSA) developed for the present model.

A Study on the Mathematical Models for determining the Economic Inspection Plan and It's Characteristics (경제적(經濟的) 검사방식(檢査方式)의 채택(採擇)을 위한 계량적(計量的) 접근방법(接近方法)의 유형(類形)과 그 특징(特徵)의 비교(比較))

  • Lee, Sang-Yong
    • Journal of Korean Society for Quality Management
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    • v.7 no.2
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    • pp.17-21
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    • 1979
  • There are many kinds of the mathematical models which are developed for choosing the economic inspection plan. The aim of this paper is to classify these mathematical models, and to examine their characteristics. The mathematical models for choosing the economic inspection plan can be classified into three groups. The first of it is the break-even analysis, the second group of the model is to choose the inspection plan so as to minimize total sampling inspection cost function, and the third group of it is the model to choose the inspection plan which maximize the profit function of the sampling inspection. As a result of examining the characteristics of this classified group of the models the model to choose the inspection plan which minimize total sampling inspection cost is more economical than the other models.

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The Study on the Integrated Model of Strategic Enterprise Management System (전략적 경영관리 (SEM) 시스템의 통합 연계 방안에 관한 연구)

  • Yoon, Jae-Hee
    • 한국디지털정책학회:학술대회논문집
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    • 2003.12a
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    • pp.479-488
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    • 2003
  • With rapid changes in the business environment, many organizations pursue to manage cost management and performance management of the organizational business activities over the concept of profit management strategically, But the strategic enterprise management system is implemented individually and is not integrated. And the integrated model of strategic enterprise management is ambiguous and many consulting firms didn't suggested the proper model yet. Therefore in this study we studied the strategic enterprise management system, And we studied how to try to integrate the various components of the strategic enterprise management system through the case of the domestic L company site that implemented ABC/ABM, ABS, BSC, business planning & forecasting system recently.

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Development of the Performance Analysis Model Based on Research and Development Phases for Automated Construction Equipment

  • Lee, Jeong-Ho;Kim, Young-Suk
    • Journal of Construction Engineering and Project Management
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    • v.2 no.2
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    • pp.1-17
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    • 2012
  • The automated construction machines have been recently developed to help solve the construction industry problems that significantly affect labour, productivity, quality, and profit. Despite the importance of performance analysis to commercialize the automated construction machines, previous studies have mainly concentrated on developing hardware and software of automated construction machines. This research now focuses on two objectives: (1) to propose an analysis model which can measure productivity, quality, and safety improvement rate of automated construction machines based on research and development (R&D); and (2) to develop a performance analysis system which will aid the evaluator in analysing the performance of automated construction machines. Finally, it is anticipated that the effective use of the performance analysis model and computerized system will ably develop the high-performance, automated construction machines and establish the marketing strategy to increase not only the commercial value but also the upkeep and development of construction machines.

Periodic Review Inventory Model for Deteriorating Items with Partial Returns and Additional Orders

  • Choi, Young-Jin;Kim, Man-Sik
    • Journal of Korean Institute of Industrial Engineers
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    • v.14 no.2
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    • pp.11-23
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    • 1988
  • A periodic review inventory model for deteriorating items in which time is treated as a discrete variable is developed. The model is developed under deterministic but time dependent demands and instantaneous delivery. Deterioration is assumed to be a constant fraction of the on hand inventory and partial returns are allowed for the deteriorated items. The solution procedures for obtaining the optimal order quantities which maximize the total profit in the scheduling period are presented for the cases of back orders and lost sales. Finally, when the additional orders are allowed, an efficient solution algorithm determining the initial and additional order quantities and additional ordering time is developed. Some numerical examples are also presented to illustrate the results.

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Inventory Management Practices Approach to Reverse Logistics

  • Wang, Dja-Shin;Koo, Tong-Yuan
    • Industrial Engineering and Management Systems
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    • v.9 no.4
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    • pp.303-311
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    • 2010
  • In the last few years growing interest has been dedicated to supply chain management. Modeling complexity is added to supply chain coordination problem by accounting for reverse logistics activities. The objective of this paper is to extend inventory model of manufacturing factory with respect to the production of raw material of forward logistics and recycling material of reverse logistics. The proposed model is applied to a plastic recycling process plant located in Taiwan. The case study improvement scheme shows when the recycling rate of recycling material increases from 15% to 50%, the total inventory cost of manufacturing factory decreases by 12.82%, safety stock volume decreases by 41.19% and the reorder quantity is down by 50.96%. This paper finds whether the results of the model can reach the economic profit through quantitative analysis and encourages companies integrate reverse logistics into the supply chain system.

Product Presentation Strategies for Cable Television Home Shopping Channels

  • Kim Dong Hun
    • Journal of Distribution Research
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    • v.1 no.1
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    • pp.223-237
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    • 1996
  • The emergence of the cable television era has spawned the introduction of many new television programming formats such as all-news channels, movie channels, channels catering to cultural events, channels for women, and many others. One of the new programming formats that is expected to have interesting implications for marketing is the home shopping channel. As we have observed in other countries, this new form of distribution may potentially have a major impact on the traditional retail industry. This paper presents a model of home shopping channel viewing behavior. This model is then used to formulate optimal product presentation strategies that may aid managers in the design of home shopping programs. Specifically, by formulating a profit-maximization problem based on tile model, we derive the optimal length of product presentations and explore its properperties through simulating various situations. The discussion of these properties provide insights about making strategic decisions regarding product presentations.

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A Study on the Operation Efficiency for Fisheries Cooperative Offices in the Capital and Surrounding Area (수도권 수산업 협동조합 영업점의 효율성 분석)

  • Jung, Jaeheon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.36 no.1
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    • pp.17-23
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    • 2013
  • This study analyzed the efficiencies of Korean fisheries cooperative's 97 operation offices in the capital and surrounding area. We used the DEA model for checking the technical and scale efficiencies in the financial business of them. We divided the business into two parts, the productivity (efficiency for increasing deposit and loan) and profitability (efficiency for increasing the profit and reducing the risk from the loan). The results show that the additional profitability increase is very difficult because most of the offices have full technical efficiency for profitability. But additional analysis based on Slack-based Measure (SBM) DEA model shows that Kyung-Gi region can increase the profitability. SBM model analysis also gives us the possibility that customized policy can apply to each offices considering each factors affecting the productivity and profitability.

Predicting the Adoption of Health Wearables with an Emphasis on the Perceived Ethics of Biometric Data

  • Tahereh Saheb;Tayebeh Saheb
    • Asia pacific journal of information systems
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    • v.31 no.1
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    • pp.121-140
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    • 2021
  • The main purpose of this research is to understand the strongest predictors of wearable adoption among athletes with an emphasis on the perceived ethics of biometric data. We performed a word co-occurrence study of biometrics research to determine the ethical constructs of biometric data. A questionnaire incorporating the Unified Theory of Acceptance and Use of Technology (UTAUT), Health Belief Model and Biometric Data Ethics was then designed to develop a neural network model to predict the adoption of wearable sensors among athletes. Our model shows that wearable adoption's strongest predictors are perceived ethics, perceived profit, and perceived threat; which can be categorized as professional stressors. The key theoretical contribution of this paper is to extend the literature on UTAUT by developing a predictive modeling of factors affecting acceptance of wearables by athletes, and highlighting the ethical implications of athlete's adoption of wearables.