• Title/Summary/Keyword: supply uncertainty

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Estimating Vulnerable Duration for Irrigation with Agricultural Water Supply and Demand during Residual Periods (농업용수의 잔여 공급계획량 및 수요예측량에 의한 관개 취약시기 산정)

  • Nam, Won-Ho;Kim, Tae-Gon;Choi, Jin-Yong;Lee, Jeong-Jae
    • Journal of The Korean Society of Agricultural Engineers
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    • v.54 no.5
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    • pp.123-128
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    • 2012
  • For optimal reservoir operation and management, there are essential elements including water supply in agricultural reservoir and demand in irrigation district. To estimate agricultural water demand and supply, many factors such as weather, crops, soil, growing conditions cultivation method and the watershed/irrigation area should be considered, however, there are occurred water supply impossible duration under the influence of the variability and uncertainty of meteorological and hydrological phenomenon. Focusing on agricultural reservoir, amount and tendency of agricultural water supply and demand shows seasonally/regionally different patterns. Through the analysis of deviation and changes in the timing of the two elements, duration in excess of water supply can be identified quantitatively. Here, we introduce an approach to assessment of irrigation vulnerable duration for effective management of agricultural reservoir using time dependent change analysis of residual water supply and irrigation water requirements. Irrigation vulnerable duration has been determined through the comparison of water supply in agricultural reservoir and demand in irrigation district based on the water budget analysis, therefore can be used as an improved and basis data for the effective and intensive water management.

Models for the Empty Container Repositioning and Leasing (공컨테이너 운영 관리를 위한 모형 개발)

  • 하원익;남기찬
    • Journal of the Korean Institute of Navigation
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    • v.23 no.2
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    • pp.11-22
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    • 1999
  • This paper is concerned with the development of a tractable model to assist liner shipping companies in the decision-making of empty container repositioning and leasing. A hybrid methodology is presented which properly accounts for the specific characteristics of empty container management. For this mathematical models are developed based on dynamic network models, covering both land and marine segment. Then a stochastic method is presented to deal with the uncertainty of the future demand and supply. Especially, the concept of opportunity cost has been introduced in order to explain interactions between the variation of the future demand and supply and the stock level at each depot.

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The Effects of Inter-Organizational Relationship Characteristics on Supply Chain Agility: From the Supplier Perspective (조직간 관계특성이 공급사슬 민첩성에 미치는 영향에 관한 연구: 공급업체 관점으로)

  • Chang, Hwal-Sik;Kim, Chae-Jeong
    • The Journal of Information Systems
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    • v.21 no.3
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    • pp.187-214
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    • 2012
  • Supply chain management(SCM) helps firms in integrating their business by collaborating with other value chain partners to meet the unpredictable demand of the end user. Agility is the fundamental characteristic of a supply chain needed for survival in turbulent and volatile markets, which are becoming norms as product life cycles shorten and environmental forces create additional uncertainty resulting in higher risk in the supply chain management. Literature reviews reveals various factors that could affect the agility. The objective of this study is to derive interdependence, partnership, quality of information, joint problem solving, modelize the mutual influential relationship between them, and look into the influential relationship influencing the agility. To test the proposed model, we used a data set generated from survey. Date analysis was conducted using 122 respondents. We used structural equation model (SEM) implemented in partial least square(PLS). The results of this study can be summarized as follows. Interdependence had a significant impact on partnership. Partnership had a significant impact on quality of information and joint problem solving. Quality of information had a significant impact on joint problem solving. Quality of information and joint problem solving had a significant impact on agility. This study diagnoses that Inter-organizational relationship characteristics are important for supply chain agility. Inter-organizational relationship characteristics are considered as an essential factor for supply chain agility.

Dynamic Reconfigurability in the Fractal-based Supply Chain Management (fSCM) (Fractal 기반 공급망 관리에 있어서의 동적 재구성력)

  • Ryu, Gwang-Yeol;Lee, Seok-U;Choe, Heon-Jong;Jeong, Mu-Yeong
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.05a
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    • pp.454-457
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    • 2004
  • The high degree of uncertainty in customer demands forces companies of today to equip with a flexible and adaptable structural organization. It also has an influence on the configuration of the company's supply chains, since the members in supply chains are dependent to the goods customers need. If a company can not come up with the customers' requirements and their level of satisfaction, the competitiveness of the company will be weaken in the market places. To meet such conditions, therefore, reconfiguration of supply chains should be considered as an important factor in a complex, dynamic, and fluctuating market environment. In this paper, therefore, we have adapted a fractal concept to SCM to facilitate reconfiguration of supply chains. To do so, we have first introduce fractal-based SCM, referred to as fSCM. Then, we have described definitions of the reconfigurability in supply chains and the methodology of Dynamic Restructuring Process (DRP) in supply chains including specific strategies and constraints. An exemplary model will also be briefly illustrated to demonstrate how supply chains conduct DRP autonomously.

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A Review on Triple-A Supply Chain Performance

  • Ishaq, Muhammad Ishtiaq;Hussain, Nazia;Khaliq, Waseem;Waqas, Muhammad
    • Asian Journal of Business Environment
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    • v.2 no.2
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    • pp.35-39
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    • 2012
  • Purpose - Today's world is rapidly changing due to swift changes in organization's infrastructures and supply chain is becoming an important factor which affects the organization's global competitiveness. Research design / data / methodology - Researchers indicated that environment uncertainty is considered an external driving force to establish a unique supply chain. Market competition, reducing the gap of performance and quality between the products are compelling the practitioners and researcher to change the paradigm of managing the business processes effectively and efficiently. Results - In old times, supply chain of any organization was measured on the basis of inventory turns, defect rats, lead times, stock buffering and service level. But, Lee H.L. in 2004, published an article in Harvard Business Review who proposed three A (Adaptable, Agile and Aligned) termed as "Triple-A" of successful supply chain. Conclusions - He claimed that organizations can compete through the creation of Triple-A supply chain. Hence, the basic aim of this review paper is to develop basic insights regarding what is Triple-A of supply chain, its importance and functioning in today's competitive world.

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Use of Dynamic Reliability Method in Assessing Accident Management Strategy

  • Jae, Moosung
    • International Journal of Reliability and Applications
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    • v.2 no.1
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    • pp.27-36
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    • 2001
  • This Paper proposes a new methodology for assessing the reliability of an accident management, which Is based on the reliability physics and the scheme to generate dynamic event tree. The methodology consists of 3 main steps: screening; uncertainty propagation; and probability estimation. Sensitivity analysis is used for screening the variables of significance. Latin Hypercube sampling technique and MAAP code are used for uncertainty propagation, and the dynamic event tree generation method is used for the estimation of non-success probability of implementing an accident management strategy. This approach is applied in assessing the non-success probability of implementing a cavity flooding strategy, which is to supply water into the reactor cavity using emergency fire systems during the sequence of station blackout at the reference plant.

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The Effect of Safety Environment of Small and Medium-sized Logistics Companies on Safety Behavior (중소 물류기업의 안전 환경이 안전 행동에 미치는 영향)

  • Lee, Sunghee;Park, Jinsoo
    • Journal of Korea Society of Industrial Information Systems
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    • v.27 no.1
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    • pp.135-146
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    • 2022
  • A safe working environment is an important and crucial factor in the operation of a firm, and is also essential for logistics companies in supply chain management. This study confirmed that the safety climate and safety prevention activities have a positive relationship with safety behavior from the perspective of domestic small and medium-sized logistics companies that continue their business relationships by signing contracts with large logistics companies. In addition, the moderating role of regulatory uncertainty and competition uncertainty in the previous positive relationship was empirically examined.

Goal model for the fractal-based SCM (프랙탈 기반 공급망 관리를 위한 골 모델)

  • O Seung-Jin;Cha Yeong-Pil;Jeong Mu-Yeong
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2006.05a
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    • pp.167-171
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    • 2006
  • It has been well known that customer' needs have much influence on the structure of supply chains. Uncertainty in customer demands forces companies' supply chains to be very flexible. When a company can not meet customers' changing needs, competitiveness in market places will be jeopardized. To survive in the competitive market places, structure of supply chains should be reconfigurable. In this paper, fractal concept is adopted to handle the reconfigurable issue. In a fractal-based SCM, structure of supply chains can be automatically reconfigured through the dynamic restructuring process with a fractal goal model. Goal in the system is divided into sub-goals, which are represented by a fractal goal model. The fractal goal model is a formal model which can be evaluated, changed, and scaled easily. Thus a well-designed fractal goal model is indispensable for a fractal-based SCM, and enhances the reconfigurability. Fractal structure for reconfigurable SCM is designed and presented. Fractal goal model is applied to SCM and an exemplary case is also briefly illustrated.

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Global Production vs. Inventory Supply and Financial Performance: Evidence from Korean Multinational Firms

  • Lee, Seungrae;Park, Seung Jae
    • Management Science and Financial Engineering
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    • v.22 no.1
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    • pp.21-26
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    • 2016
  • We analyze how firms' global production activities affect their inventory supply and financial performance in regards to its production location. For the analysis, we use information on global production quantities of 3,076 Korean multinational firms that operate business in Europe and Asia through foreign direct investment (FDI) from 2006 to 2013. Our estimation results show that an increase in global production ratio, measured by global production/total production, decreases inventory supply and financial performance of firms that produce in European countries, while it decreases financial performance of firms that produce in Asian countries. Although our results indicate that global production decreases financial performance of firms that produce in Europe and Asia, we find that its negative effects on financial performance are different based on the market demand uncertainty.

An Effective Lateral Transshipment Policy to Improve the Service Level in the Supply Chain (공급사슬의 서비스 개선을 위한 효과적인 Lateral transshipment 정책)

  • Jeon Young Sang;Lee Young Hae;Jung Jung Woo
    • Journal of the Korean Operations Research and Management Science Society
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    • v.30 no.1
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    • pp.17-26
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    • 2005
  • There is the uncertainty of demands at each retailer in the supply chain. To satisfy customers' demand, retailer must have enough inventory. Nevertheless, stockout is occurred for some retailers. A lateral transshipment policy can be effectively used to deal with stockout. The new lateral transshipment policy, referred to service level adjustment (SLA), is suggested. The difference between SLA and previous policies is the integration of an emergency lateral 'transshipment with a preventive lateral transshipment to efficiently respond customers' demand in the proposed policy. Additionally, the service level to decide the quantity of products is considered. Simulation experiment is executed to treat stochastic factors in the two-echelon supply chain. The proposed policy can reduce total cost and is more effective to the change of demand, penalty cost, and ordering cost than the currently used policies.