• Journal of applied mathematics & informatics
• /
• v.26 no.3_4
• /
• pp.615-625
• /
• 2008

A single item order level inventory model for perishable products is considered in which a constant fraction of on hand inventory spoils per unit time. Demand linearly depends on time. The fluctuation of demand is taken into account to determine minimum total cost of the system. Both discrete and continuous fluctuations are considered. The model is developed and solved analytically for infinite time horizon. A numerical example is presented for finite time horizon. Sensitivity analysis of the model is carried out.

• Proceedings of the Korean Operations and Management Science Society Conference
• /
• 1993.10a
• /
• pp.185-190
• /
• 1993

In this paper, we investigate the effect of production uncertainty - especially demand fluctuation and activity time variation, to production control policies. First, we examine three famous production control policies, namely, MRP, JIT, OPT, from shop floor control perspective and analyze the difference among them. Based on these, simulation studies are performed to draw out the effects of demand fluctuation which are classified into demand lumpiness and demand irregularity, and, the effects of activity time variation which are classified into standard time variation and non-standard time variation. Experimental investigation shows that, in terms of demand fluctuations, MRP is affected by demand lumpiness, but JIT by demand irregularity. And we also see that both MRP and JIT are influenced by standard time variation with respect to activity time variations.

• Journal of the Korea Safety Management & Science
• /
• v.9 no.3
• /
• pp.119-125
• /
• 2007

As competition in manufacturing enterprise is contested, the scope of safely production planning, manufacturing enterprise should ensure, has been reduced. The more upstream of SCM, the more reduction of scope of production planning. As a result, order fluctuation is more sharply contested. Through improving the logistics network, it is best way that the end user's demand information is conveyed to upstream of SCM, but it is difficult in fact. In this paper, it mention the way of robustic adjustment, in the suppliers' point of view, the end user's demand information is dammed up, as they postpone responding the customer's order as a possible. And it will show the result of appling the way, as a case study.

• Korean Journal of Poultry Science
• /
• v.10 no.1
• /
• pp.1-22
• /
• 1983

The Purpose of this study is to examine both supply and demand side of broiler chicken in Korea. Especially the paper aims to investigate the broiler chicken production Dressing and marketing pattern which may affect the demand for it. It is generally understood that broiler chicken production becomes unstable because of frequent market price fluctuation mainly due to disequilibrium of quantities demanded ana supplied It is important to point out that marketing in the form dressed chicken has been enforced by the regulation in Seoul area since March 1st, 1983, though live birds have been customarily marketed for year. It is assumed that the subsituation of chicken meat for beef would save foreign exchanges, because increasingly large amount of beef is imported mainly thanked to a chronical shortage in local production. Main findings of this study may be summarized as follows: 1) Broiler chicker production has been rapidly increased recently, estimating 180-200 million head per year with the trend of contineous increase year after year. Price fluctuation during the year is found, especially summer and winter mainly due to seasonal demand change. It is known that mal-funconing of broiler chicken market may be one of the causes for a large Price fluctuation. Accordingly the increase of marketing efficiency may reduce the price fluctuation and also positively impact on creating demand for the chicken consumption. 2) It is also interesting to note that 90 percent of broilers are grown on the floor and almost 86 percent of total broilers composed of so called high-bros, weighing on an average more than 1.6kg per head Approximately 8 weeks are required for of around marketing birds at the feed efficiency of around 2.3-2.5 Average broiler farm raises between 1,000 and 2,000 head, showing a quite small scale of operation. Only a few sampled farmers follow an all-in and all-out method in broiler production.

• 유체기계공업학회:학술대회논문집
• /
• 2005.12a
• /
• pp.158-165
• /
• 2005

KOGAS(Korea Gas Corporation) has about a hundred of local stations to supply natural gas to the city gas companies and the power stations. As some severe flow fluctuation phenomena are observed in several governor stations, the investigation about the reasons and factors which are relating to flow fluctuation has been started. Some field surveys hav been carried out and experimental studies have been performed to find the fluctuation mechanism. As a result, it is found that the flow fluctuation is related with the length of straight pipe in front of the meter, the size of the header pipe and the variation of demand at the city gas company and the power station. Furthermore. it is also proved that both the length of the transmitter cable and the status of the coating of signal transmission cable do not affect flow fluctuation, but the measurement range of the differential pressure transmitter influences flow fluctuation. On the other hand, as the averaging the flow fluctuation is converged to less than 0.1 % in almost all of the cases, it is concluded that the quantity of flow fluctuation do not relates to metering accuracy directly.

• Korean System Dynamics Review
• /
• v.14 no.3
• /
• pp.135-163
• /
• 2013

This study aims to analyze the feedback loops and policy simulation of price fluctuation of Korean Cattle. The Korean Cattle market shows the 'Cycle of Beef' since 1970. In general, the market for agricultural commodities exhibit repeated cycles of prices and production. Why Beef products market in Korea shows the fluctuation of cattle and beef price repeatedly for forty years? To find an answer, this paper explores the feedback structure of the dynamics of the beef market by the systems thinking and build a stock-flow diagram model for the simulation of future behavior of the market sector of the Cattle. The dynamic simulation model was developed to identify and analyze the cyclical behavior among many variables, which is the number of cattle (calves, cow, etc.), the price of cattle, the demand for beef, the desirable number of cattle, slaughter, etc. The results of this study demonstrate that dominant feedback loops between the number of cattle and livestock prices. The demand for Beef and slaughter with time delay, also the results of the simulation to explain the persistence of future price fluctuations and actions meat market until 2025.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
• /
• 2008.10a
• /
• pp.57-60
• /
• 2008

As the technology of a large scale battery have advanced, it's application to the electric power network have been active in foreign country. By providing the electric power energy stored in the electric power storage system when needed, there are many advantages that it is able to reduce the gap between the electric power demand and supply for day and night to increase capacity factor, to upgrade the electric power quality degraded from the unbalance between power demand and supply and to compensate the fluctuation of wind power plant and photovoltaic power generation. In this study, the current application of electric power storage system using battery is introduced in detail, and I have thought out it's application fields based on the foreign examples. These are demand side response, upgrade of the power quality, stabilization of fluctuation of renewable energy and distributed generation for filling elapse.

• Journal of Electrical Engineering and Technology
• /
• v.10 no.3
• /
• pp.1304-1310
• /
• 2015

In remote islands, due to expense of existing generation systems, installation of photovoltaic cells (PVs) and wind turbines has a chance of reducing generation costs. However, in island power systems, even short-term power fluctuations change the frequency of grids because of their small inertia constant. In order to compensate power fluctuations, the authors proposed the power consumption control of pumps which send water to tanks. The power control doesn’t affect water users’ convenience as long as tanks hold water. Based on experimental characteristics of a pump system, this paper shows methods to determine reference power consumption of the system with compensation for short-term PV fluctuations while satisfying water demand. One method uses a PI controller and the other method calculates reference power consumption from water flow reference. Simulations with a PV and a pump system are carried out to find optimum parameters and to compare the methods. Results show that both PI control method and water flow calculation method are useful for satisfying the water demand constraint. The water demand constraint has a little impact to suppression of the short-term power fluctuation in this condition.

• Journal of Distribution Science
• /
• v.13 no.8
• /
• pp.61-71
• /
• 2015

Purpose - Before the year 2000, the housing prices in Korea were increasing every decade. After 2000, for the first time, Korea experienced a decrease in housing prices, and the repetitive cycle of price fluctuation started. Such a "boom and bust cycle" is a worldwide phenomenon. The current study proposes a mathematical model to explain price fluctuation cycles based on the theory of consumer psychology. Specifically, the model incorporates the effects of buyer expectations of future prices on actual price changes. Based on the model, this study investigates various independent variables affecting the amplitude of price fluctuations in housing markets. Research design, data, and methodology - The study provides theoretical analyses based on a mathematical model. The proposed model uses the following assumptions of the pricing mechanism in housing markets. First, the price of a house at a certain time is affected not only by its current price but also by its expected future price. Second, house investors or buyers cannot predict the exact future price but make a subjective prediction based on observed price changes up to the present. Third, the price is determined by demand changes made in previous time periods. The current study tries to explain the boom-bust cycle in housing markets with a mathematical model and several numerical examples. The model illustrates the effects of consumer price elasticity, consumer sensitivity to price changes, and the sensitivity of prices to demand changes on price fluctuation. Results - The analytical results imply that even without external effects, the boom-bust cycle can occur endogenously due to buyer psychological factors. The model supports the expectation of future price direction as the most important variable causing price fluctuation in housing market. Consumer tendency for making choices based on both the current and expected future price causes repetitive boom-bust cycles in housing markets. Such consumers who respond more sensitively to price changes are shown to make the market more volatile. Consumer price elasticity is shown to be irrelevant to price fluctuations. Conclusions - The mechanism of price fluctuation in the proposed model can be summarized as follows. If a certain external shock causes an initial price increase, consumers perceive it as an ongoing increasing price trend. If the demand increases due to the higher expected price, the price goes up further. However, too high a price cannot be sustained for long, thus the increasing price trend ceases at some point. Once the market loses the momentum of a price increase, the price starts to drop. A price decrease signals a further decrease in a future price, thus the demand decreases further. When the price is perceived as low enough, the direction of the price change is reversed again. Policy makers should be cognizant that the current increase in housing prices due to increased liquidity can pose a serious threat of a sudden price decrease in housing markets.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.35 no.2
• /
• pp.138-146
• /
• 2012

This paper studies the effect of information quality level and customer demand on performance measures in a supply chain. The information quality level compares 2 types, the information levels of a customer demand and a lead time. The customer demand process follows a general auto-correlated AR(1) process without seasonality. In the AR(1) process, ${\sigma}$ indicates the degree of demand fluctuation and ${\rho}$ means the trend of customer demand. ANOVA tests using a 5% significance level are performed in SPSS to examine significant performance changes among various cases.