• Journal of Korean Institute of Industrial Engineers
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• v.12 no.1
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• pp.43-48
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• 1986

In this paper, the one period multi-item inventory model is considered in which it is required to determine the production quantity and selling price of each item which maximize the probability of realizing predetermined level of profit. The objective function of this model is the sum of weighted probabilities which represent the possibility of obtaining the predetermined level of profit for each item. Budget constraint, inventory site constraint and constraints of price are considered. Finally this paper shows a numerical example in which random demand of each item has exponential distribution.

• Journal of Korean Society for Quality Management
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• v.40 no.2
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• pp.117-125
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• 2012

For the highly reliable products, an accelerated degradation test (ADT) is a useful tool which has been employed in industry to obtain reliability-related information within an affordable amount of time and cost. In an ADT, as all other reliability tests, it is important to carefully design the ADT beforehand to obtain estimates of the quantities of interest as precisely as possible. In this paper, optimal ADTs are developed assuming that the constant-stress loading method is employed and the degradation characteristic follows a Wiener process. Under the constraint that the total cost does not exceed a pre-specified budget, the stress levels, the number of test units allocated to each stress level and the number of measurement (termination time) are determined such that the asymptotic variance of the maximum likelihood estimator of the q-th quantile of the lifetime distribution at the use condition is minimized.

• Journal of Technology Innovation
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• v.11 no.1
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• pp.99-123
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• 2003

This study aims to explore the patterns of various innovation policies pursued by local governments in Korea. We surveyed and analyzed 16 regions at the county level and 7 ministries at the central government. It was found from the analysis that there are 719 policy programs having been enacted including some overlaps among 16 regions. 3,369 billion won in total were spent on the policy programs in 2002, of which 36.7 percent was contributed by the central government, 46.4 percent by local governments and remaining 16.8 percent by private partners who may have benefits from the policy programs. It was discovered that support programs for basic research and applied research activities were rare having small budget size, due to the lack of the importance of R&D activities in regional development and budget constraint of local governments. Technology sharing policies, particularly networks and technology transfer are the most underdeveloped one among types of innovation policies. Based upon the results of our analysis, we recommend that budget allocation, associated with science and technology, to local governments should be increased so that they can expand the support scale of existing program: as well as design new types of innovation policies.

• Journal of Korean Institute of Industrial Engineers
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• v.40 no.5
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• pp.481-491
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• 2014

In this paper, we discussed a problem for improving the throughput of a crankshaft manufacturing line in an automotive factory in which the budget for purchasing new machines and installing additional buffers is limited. We also considered the constraint of available space for both of machine and buffer. Although this problem seems like a kind of buffer allocation problem, it is different from buffer allocation problem because additional machines are also considered. Thus, it is not easy to calculate the throughput by mathematical model, and therefore simulation model was developed using $ARENA^{(R)}$ for estimating throughput. To determine the investment plan, a modified Arrow Assignment Rule under some constraints was suggested and it was applied to the real case.

• Journal of the military operations research society of Korea
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• v.27 no.2
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• pp.88-109
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• 2001

Defense minister of the ROK, Kim Bong-sin suggested that the ROK′s military build-up policy will change from "scenario-based" to "capability-based". Entering the 1990s the ROK′s military build-up policy met difficulties to accomplish its goal, modernizing and strengthening of its force structure and weapon systems because of limited budget. The concept of capability-based military build-up could commit a fault in estimating total amount of defense resources required for force planing. This is because that the total amount of defense resources related to force plan for the 15 years is fixed to embody military strategy. The concept of capability-based military build-up plays a role as a constraint in choosing a military strategy. This has no connection with military build-up. Therefore the resources of mid-term military build-up program and scale of annual defense budget could be affected by the situations of its national economy. In this respect, the scale of annual defense budget and resources could be changed in accordance with national economic condition, however, the total amount of resources required to build-up military force for 15 years, namely resources of military force planing requirement for 15 years, is given already for the accomplishment of military strategy. The purpose of this study is to seek a direction of the ROK′s military build-up policy in a viewpoint of capability-based military build-up.

• Journal of the military operations research society of Korea
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• v.6 no.2
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• pp.47-67
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• 1980

Interactions of major activities participating in fleet operations are investigated in the framework of a closed queueing network system with finite aircrafts assigned to it. An implementable algorithm is developed, which is useful for computing the distributions needed to evaluate the effects of the interactions on the fleet operations. The availability management program is focused on seeking an optimal resource allocation to multiple repair-shops to maximize the fleet availability subject to the budget constraint.

• Journal of Korea Water Resources Association
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• v.36 no.1
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• pp.45-59
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• 2003

The method in this study, which is more efficiency than the existing method, propose the optimal rehabilitation model based on the deterioration prediction of the laying pipe by using the deterioration survey method of the water distribution system. The deterioration prediction model divides the deterioration degree of each pipe into 5 degree by using the probabilistic neural network. Also, the optimal residual durability is estimated by the calculated deterioration degree in each pipe and pipe diameter. The optimal rehabilitation model by integer programming base on the shortest path can calculate a time and cost of maintenance, rehabilitation, and replacement. Also, the model is divided into budget constraint and no budget constraint. Consequently, the model proposed by the study can be utilized as the quantitative method for the management of the water distribution system.

• Korean Management Science Review
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• v.31 no.2
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• pp.1-13
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• 2014

In almost all of the organizations, the cost for acquiring and maintaining the inventory takes a considerable portion of the management budget, and thus a certain constraint is set upon the budget itself. The previous studies on inventory control for each item that aimed to improve the fill rate, backorder, and the expenditure on inventory are fitting for the commercially-operated SCM, but show some discrepancies when they are applied to the spare parts for repairing disabled systems. Therefore, many studies on systematic approach concept considering spare parts of various kinds simultaneously have been conducted to achieve effective performance for the inventory control at a lower cost, and primarily, METRIC series models can be named. However, the past studies were limited when dealing with the probability distributions for representing the situation on demand and transportation of the parts, with the (S-1, S) inventory control policy, and so on. To address these shortcomings, the Continuous Time Markov Chain (CTMC) model, which considers the phase-type distributions and the (s, Q) inventory control policies to best describe the real-world situations inclusively, is presented in this study. Additionally, by considering the cost versus the system availability, the optimization of the inventory level, based on this model, is also covered.

• The Journal of Society for e-Business Studies
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• v.17 no.4
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• pp.141-153
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• 2012

According to the environment change of market, supply chain network needs to be redesigned for efficient provision of product within the budget constraint. Also, it is desired that the customer satisfaction such as on time delivery should be considered as an important element at redesigning of supply chain network in addition to the cost reduction. In this paper redesign of supply chain network for its expansion is treated as a problem situation and a related mathematical model is suggested. Moreover, the numerical examples about the total weighted distance of the redesigned supply chain network are presented with various budget constraints by using genetic algorithm to help the managerial decision.

• Management Science and Financial Engineering
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• v.4 no.2
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• pp.15-42
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• 1998

A joint problem of order delivery, setup reduction, and cost-sharing in a two-echelon inventory system in which a vendor supplies multiple products to a group of buyers is studied here. The basic premise is that buyers have independently implemented setup reduction programs to acquire benefits from small order sizes. Doing so, however, causes the buyers' individually optimal order cycles to be differ from that of the vendor. In conjunction with this, two models are considered. In the first model, a multi-buyers single product situation is considered in which the vendor implements a joint supply cycle policy. However, buyers, as the dominant party, insist after implementing the individually optimal setup reduction that the vendor accept their individually optimal order schedules. In the second model. a multi-products, single buyer situation is considered in which the buyer implements a joint order policy. Here, the vendor, as the dominant party, refuses to cooperate fully with the buyer's individually reduced joint order schedule, and designs his own individually optimal setup reduction mix for each product under a given budget constraint. This led to a study of an integrated Setup Reduction/Break-even Pricing Policy for each situation to eliminate mismatches in individually optimal cycle times.