• Title/Summary/Keyword: profit planning

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Information Systems Planning Problems in Not-for-Profit Organisations: The Case of Western Australia

  • Maka Siwale;John Venable
    • Asia pacific journal of information systems
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    • v.30 no.3
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    • pp.664-694
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    • 2020
  • Much has been written on Information Systems Planning in the for-profit organisations, but little is known about it in the Not-for-Profit sector, particularly in the Australian context. This paper has attempted to conceptualise the problem of Information Systems planning in the Not-for-Profit organisations. It provides insight into Information Systems Planning practices in Not-for-Profit-Organisations and the problems of current Information Systems Planning practices in Not-for-Profit-Organisations. The contribution of this paper is two folds, theoretically and for practitioners. Theoretically, it has provided a model that enables people to understand why or why not Not-for-Profit-Organisations do or do not conduct Information Systems Planning. Regarding practitioners, the factors identified in this study would help planners, managers and executives to understand the key areas and plan accordingly and for donors they would be able to understand where are their contributions needed the most and be able to follow up and ensure that their donations/contributions are utilised in the right areas hence increase Not-for-Profit-Organisations accountability with regards to planning for Information Systems.

A Coordinated Planning Model with Price-Dependent Demand

  • Nagarur, Nagendra N.;Iaprasert, Wipanan
    • Industrial Engineering and Management Systems
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    • v.8 no.1
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    • pp.1-13
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    • 2009
  • This paper presents a coordinated planning model of price-dependent demand for a single-manufacturer and a single-retailer. The demand is assumed to be normally distributed, with its mean being price dependent. The manufacturer and retailer coordinate with each other to jointly and simultaneously determine the retail selling price and the retailer order quantity to maximize the joint expected total profit. This model is then compared to a 'returns' policy model where manufacturer buys back unsold items from the retailers. It is shown that the optimal total profit is higher for coordinated planning model than that for the returns policy model, in which the retail price is set by the retailer. A compensation or profit sharing scheme is then suggested and it is shown that the coordinated model with profit sharing yields a 'win-win' situation. Numerical results are presented to illustrate the profit patterns for both linear and nonlinear demand functions. The coordinated planning model, in addition, has a lower optimal price than for a returns policy model, which would result in higher sales, thus expanding the markets for the whole supply chain.

Management for Company Objectives with Considerations of Optimal Production/Sales Planning (최적 생산/판매 계획을 통한 기업 목표 관리 사례)

  • Jung, Jae-Heon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.34 no.2
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    • pp.77-90
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    • 2009
  • Total profit level Increases if a company increase the cost for achieving R&D related goals of equipment productivity enhancement, production cost saving, or for achieving equipment scale target, sales volume goal. But how much money should be invested to achieve a certain level of profit? We formulated the model to set the optimal goal levels to minimize the investment cost under the constraint that certain level of total profit should be guaranteed. This model derived from a case of P steel company. We found that this should be considered in relation with the production sales planning (known as optimal product mix problem) to guarantee the profit. We suggested a nonlinear programming model, 3 valiant form of the p+roduct mix problem. We can find the optimal Investment level for the R&D related goals or sales volume goal, equipment scale target for the P steel company using the model.

Medical Profit Planning Model and Innovative Strategies to Improve Profitability Management in Hospitals (병원의 수익성 관리개선을 위한 의료이익계획모형 및 혁신.합리화전략 개발연구)

  • Hwang, In-Kyoung
    • Korea Journal of Hospital Management
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    • v.1 no.1
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    • pp.83-107
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    • 1996
  • This study discusses how to rationalize or innovate the managerial practice of the profitability-deteriorated hospitals in Korea, and attempts to suggest proper planning models and strategies to reorient them. For these purposes, the hospitals' financial indicators were analysed, the process of profit planning were reviewed, and strategic assessment were made, using relevant data. The analysis shows that failures both in proper capital investment to fixed assests and in effective containment of operating costs have been causing the worsening of profitability. For the improvement of the profitability management, seven procedural and behavioral strategies were suggested from the innovative and rationalizing perspectives, together with necessary prerequisite conditions to be equipped with for their implementation. This study concludes that the top management should attempt the changs on their own initiative.

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A Manufacturing Plan for Make-to-Order Semiconductor Plant Considering Cost and Urgent Demand (원가와 긴급 수요를 고려한 주문형 반도체 공장의 생산계획 연구)

  • Lee, So-Won;Jeon, Hyong-Mo;Lee, Joon-Hwan;Lee, Chul-Ung
    • IE interfaces
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    • v.23 no.1
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    • pp.12-23
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    • 2010
  • A semiconductor market is one of the most competitive markets in the world. To survive this competition, important targets for production planning are on-time delivery and profit maximization. In our research, we modify the linear programming model for the current production planning by adding new objective functions that maximize the profit. In addition, we propose a production planning process that gives a priority to new products, reflecting daily fluctuations in demand to weekly production planning. We validate our model with real data sets obtained from a major company semiconductor manufacturer and performed the paired t-test to verify the results. The results showed that our model forecasted profit and loss with 93.2% accuracy and improved the due date satisfaction by 10%.

Development Process of Activities about Urban and Rural Interchange and Its Characteristics for Making Continuous Profit in Underdeveloped Rural Village -The Case of Cheonjang-ri(Alps village), Mount Chilgab-Region in Comprehensive Rural Village Development Project- (낙후농촌의 지속적 수익 창출 위한 도농교류활동 개발 전개과정과 특징 -농촌마을종합개발사업 칠갑산권역 천장리(알프스마을)을 사례로-)

  • Kim, Du-Han
    • Journal of Korean Society of Rural Planning
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    • v.19 no.2
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    • pp.35-49
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    • 2013
  • The study area is Cheonjang-ri, also called Alps village, making continuous profit after performing Comprehensive Rural Village Development Projects. This study aims to determine the development process of activities about urban and rural interchange and its characteristics for making continuous profit by residents themselves. A focus on thinking about the process is necessary to make activities in order to achieve continuous profits in the underdeveloped rural village by residents themselves. As a result of this study, Alps village has developed new activities, improving problems which are encountered on the development process of activities. And, Alps village has developed new activities by linking them with previous activities. To improve problems, Alps village has made an effort by itself and cooperated with the subject, both inside and outside of the village. This way has been effective for increasing the number of visitors in village. Increasing the number of visitors in village has been effective in making a continuous profit. Also, continuing to make new activities in order to substitute previous activities including problems has been effective to increase profit.

Optimal Power System Planning Considering Profit Of Market Participants (시장참여자의 이익을 고려한 최적 전력시스템계획)

  • Son, Min-Kyun;Shim, Hun;Kim, Jin-O;Jung, Hyun-Soo
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.485-486
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    • 2007
  • In the deregulated power market, suppliers, consumers and transmission companies try to maximize their profits by economical behaviors. In particular, generating companies like to sell more electricity for the revenue. Their situations will lead to various power system planning as optimal solutions for each supplier. In this paper, fundamental approaches of optimal power system planning under market positions of generating company are presented. The profit-maximizing approaches are modeled mathematically. By this analysis, each optimal planning is proved in risk of cost and monetary risk will be the economical signal for participants.

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Disassembly Process Planning of End-of-Life Car

  • Park, Hong-Seok;Choi, Hung-Won
    • International Journal of Precision Engineering and Manufacturing
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    • v.6 no.1
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    • pp.42-50
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    • 2005
  • In order to increase competitiveness and to gain economic benefit, companies ask more and more how to recycle their products in an efficient way. So far, to answer this question, companies are not sufficiently supported by suitable methods specially in the area of disassembly process planning. For this reason, we develop in collaboration with an industrial partner a new method for generating an optimal disassembly sequence. In this paper this method will be described in detail by considering the exiting assembly information, disassembly method and disassembly depth. PLM(Profit-Loss Margin) curve that is used to determine disassembly depth consists of profit value, disassembly cost and disassembly effect. Using assessment parameters, generated alternative disassembly sequences are evaluated and an optimal disassembly sequence is proposed. This method is applied to generate the optimal disassembly sequence of Door Trim as an example.

Analysis of Textile Supply Chain Network with ODM-OEM Hybrid Production System in FTA Environment (FTA 환경에서 ODM-OEM Hybrid 형태의 섬유류생산시스템의 공급망 분석)

  • Byun, Taesang;Oh, Jisoo;Jeong, Bongju
    • Korean Management Science Review
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    • v.30 no.1
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    • pp.25-41
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    • 2013
  • This paper presents a supply chain framework with the ODM (Original Design Manufacturing)-OEM (Original Equipment Manufacturing) hybrid production of textile industry in FTA (Free Trade Agreements) environments between Korea and other countries. The proposed supply chain framework with ODM-OEM hybrid production is a unique supply chain that has both domestic production with non-tariff advantages in FTA environment and oversea production with low labor costs. To investigate the validity of the proposed supply chain, we first construct its strategic profit model and supply chain planning and then show that each member of supply chain network-yarn manufacturer, fabric manufacturer, and apparel manufacturer-can maximize their own profits without conflicts among the members. The efficiency of the ODM-OEM hybrid production system is analytically verified in comparison with the general OEM and ODM production model using profit models. Comprehensive numerical examples are provided to illustrate the advantages of the proposed system.

A Study on the Cost-Volume-Profit Analysis in the Food Service Operation (호텔 영업장의손익분기점 분석에 관한 연구)

  • 김기영;강종헌
    • Culinary science and hospitality research
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    • v.3
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    • pp.165-179
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    • 1997
  • Cost-volume-profit analysis shows the relationship between these factors. The figures expressed in a break-even chart can be used planning control and decision making. The relation ships can also be helpful in understanding how all costs must be covered in menu pricing. Involved in these relationship is the contribution to overhead and profit, or contribution ratio. This study used the food service operation of H hotel. Assumed the FC would be 10% of the High Volume, the VC would be 76% of the high volume. And in the CVP of individual meals, selected labor cost of the VC, assumed labor cost would be 35% of the volume.

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