• Title/Summary/Keyword: Cost Lead Strategy

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A Study on The Marketing Strategy of IoT (Internet of Things)-based Smart Home Service Companies Focusing on The Case of Xiaomi

  • Liang, Jinle;Kang, Min Jung
    • International Journal of Internet, Broadcasting and Communication
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    • v.13 no.1
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    • pp.20-25
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    • 2021
  • In the background of the rapid development of the IoT, smart home work is becoming more and more important to each science and technology company. Smart home provides a safe, comfortable, high-quality, high-performance smart home living space compared to general homes, and at the same time It is responding to the low-carbon, eco-friendly global trend. Growth drivers driving the smart home market are increasing the number of Internet users, increasing disposable income in developing countries, increasing the importance of remote home monitoring, and increasing the need for energy saving and low carbon. In 2013-2014, Xiaomi launched a series of smart routers and smart home hardware devices. In 2015, it announced the latest product of the Xiaomi Ecological Chain, the "Smart Home Package," and in 2016 launched the MIJIA brand to invest in various smart product companies. In 2017, Xiaomi announced a plan to build an open smart hardware MIOT platform. We investigated the management strategy of Xiaomi home smart service based on IOT. The management strategy was divided into cost lead strategy, differentiation strategy of Xiaomi home service, and AIOT strategy of Xiaomi smart home.

Robust Design Method for Complex Stochastic Inventory Model

  • Hwang, In-Keuk;Park, Dong-Jin
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1999.04a
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    • pp.426-426
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    • 1999
  • ;There are many sources of uncertainty in a typical production and inventory system. There is uncertainty as to how many items customers will demand during the next day, week, month, or year. There is uncertainty about delivery times of the product. Uncertainty exacts a toll from management in a variety of ways. A spurt in a demand or a delay in production may lead to stockouts, with the potential for lost revenue and customer dissatisfaction. Firms typically hold inventory to provide protection against uncertainty. A cushion of inventory on hand allows management to face unexpected demands or delays in delivery with a reduced chance of incurring a stockout. The proposed strategies are used for the design of a probabilistic inventory system. In the traditional approach to the design of an inventory system, the goal is to find the best setting of various inventory control policy parameters such as the re-order level, review period, order quantity, etc. which would minimize the total inventory cost. The goals of the analysis need to be defined, so that robustness becomes an important design criterion. Moreover, one has to conceptualize and identify appropriate noise variables. There are two main goals for the inventory policy design. One is to minimize the average inventory cost and the stockouts. The other is to the variability for the average inventory cost and the stockouts The total average inventory cost is the sum of three components: the ordering cost, the holding cost, and the shortage costs. The shortage costs include the cost of the lost sales, cost of loss of goodwill, cost of customer dissatisfaction, etc. The noise factors for this design problem are identified to be: the mean demand rate and the mean lead time. Both the demand and the lead time are assumed to be normal random variables. Thus robustness for this inventory system is interpreted as insensitivity of the average inventory cost and the stockout to uncontrollable fluctuations in the mean demand rate and mean lead time. To make this inventory system for robustness, the concept of utility theory will be used. Utility theory is an analytical method for making a decision concerning an action to take, given a set of multiple criteria upon which the decision is to be based. Utility theory is appropriate for design having different scale such as demand rate and lead time since utility theory represents different scale across decision making attributes with zero to one ranks, higher preference modeled with a higher rank. Using utility theory, three design strategies, such as distance strategy, response strategy, and priority-based strategy. for the robust inventory system will be developed.loped.

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Halal Orientation Strategy(HOS) Reinforces to Positive Results on Quality, Time, Cost Control and Flexibility among Halal Food Manufacturers in Malaysia Context

  • Talib, Zunirah Md;Kassim, Normalini Md;Zainuddin, Yuserrie
    • Asia-Pacific Journal of Business
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    • v.9 no.2
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    • pp.15-37
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    • 2018
  • The purpose of this paper was to explain on the conceptualisation of the Halal Orientation strategy (HOS) based on operation strategy perspective. The four variables constitute in HOS are staffing, materials, production process and storage together with transportation. By focusing on HOS, the manufacturers reinforce improvement in quality, cost control, time and flexibility of the production Halal food industry in Malaysia which is the performance objective of market competitiveness in Malaysia context. A self-administered questionnaire was designed and used to assess the significant of HOS that lead to improve quality, cost control, reduction in time and the flexibility among Halal food manufacturers in Malaysia. From a total of 443 Halal food manufacturers were involved in this study, only 137 respondents are usable for this research. The study showed significant results for the manufacturers to focus in Halal Orientation strategy (HOS) which have positive impacts on quality, cost control, time and flexibility. This research aimed to measure the HOS among food firms in Malaysia and to determine HOS in relation with the performance objective of operational outcomes.

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A Study on Optimal Operation Strategy for Mild Hybrid Electric Vehicle Based on Hybrid Energy Storage System

  • Bae, SunHo;Park, Jung-Wook
    • Journal of Electrical Engineering and Technology
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    • v.13 no.2
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    • pp.631-636
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    • 2018
  • This paper proposed an optimal operation strategy for a hybrid energy storage system (HESS) with a lithium-ion battery and lead-acid battery for mild hybrid electric vehicles (mild HEVs). The proposed mild HEV system is targeted to mount the electric motor and the battery to a conventional internal combustion engine vehicle. Because the proposed mild HEV includes the motor and energy storage device of small capacity, the system focuses on low system cost and small size. To overcome these limitations, it is necessary to use a lead acid battery which is used for a vehicle. Thus, it is possible to use more energy using HESS with a lithium battery and a lead storage battery. The HESS, which combines the lithium-ion battery and the secondary battery in parallel, can achieve better performance by using the two types of energy storage systems with different characteristics. However, the system requires an operation strategy because accurate and selective control of the batteries for each situation is necessary. In this paper, an optimal operation strategy is proposed considering characteristics of each energy storage system, state-of-charge (SOC), bidirectional converters, the desired output power, and driving conditions in the mild HEV system. The performance of the proposed system is evaluated through several case studies with respect to energy capacity, SOC, battery characteristic, and system efficiency.

Analysis of inventory strategy of middle-small company which are ordered form large company which product using JIT(just in time) system (JIT를 적용하는 대기업에 납품하는 중소기업의 재고정책)

  • 이상복
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1997.10a
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    • pp.117-120
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    • 1997
  • In this paper, we analyze Inventory Strategy of our country middle-small Company which are ordered form large Company which product using JIT(just in time) System. Until now, we have not found a good inventory strategy for middle small Company which such like above. In this paper, we first simply survey product lead time, lot size and safety inventory in continuous product system which idea can be adapted our object. We try to mathematical modelling of product lead time, total inventory cost of bur country middle-small Company. We suggest inventory strategy for middle-small Company.

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The Effects of Supply Chain Flexibility and Competitive Advantage Strategy (공급사슬유연성이 경쟁우위전략에 미치는 영향)

  • Lee, Wook-Gee;Kim, Dong-Hyuk;Kim, Joo-Wan;Jung, Chi-Young
    • Journal of Digital Convergence
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    • v.11 no.6
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    • pp.91-101
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    • 2013
  • The purpose of this study is to empirically verify the relationship between supply chain flexibility(process flexibility and logistics flexibility) and competitive advantage strategy(cost, quality, lead time). To accomplish these purposes, the relationships among supply chain flexibility(process, logistics), competitive advantage strategy(cost, quality, lead time) were modeled based on the studies conducted in the various areas. In order to collect the related data the questionaries of 500 were distributed to the employees working at the manufacturing industry in the area of Gumi. The collected data were analyzed with SPSS 18.0 for Windows. This study used the statistical techniques such as descriptive analysis, reliability analysis, factor analysis, correlation analysis, multi regression analysis. The results of the study show that process flexibility had positively significant effect on low cost strategy and high quality strategy and logistic flexibility have positively significant effect on delivery speed strategy. However, it was found that process flexibility did not have the significant effect on delivery speed strategy, and the logistic flexibility did not have the significant effect on low cost and high quality strategy. Thus, it is expected that each enterprise can maximize corporate strategies by applying different flexibility strategy depending on the competitive advantage strategy.

A Study on the Optimum Design of Cargo Tank for the LPG Carriers Considering Fabrication Cost (건조비를 고려한 LPG 운반선 화물창의 최적설계에 관한 연구)

  • Shin, Sang-Hoon;Hwang, Sun-Bok;Ko, Dae-Eun
    • Journal of the Society of Naval Architects of Korea
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    • v.48 no.2
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    • pp.178-182
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    • 2011
  • Generally in order to reduce the steel weight of stiffened plate, stiffener spaces tend to be narrow and the plate gets thin. However, it will involve more fabrication cost because it can lead to the increase of welding length and the number of structural members. In the yard, the design which is able to reduce the total fabrication cost is needed, although it requires more steel weight. The purpose of this study is to find optimum stiffener spaces to minimize the fabrication cost for the cargo tank of LPG Carriers. Global optimization methods such as ES(Evolution Strategy) and GA(Genetic Algorithm) are introduced to find a global optimum solution and the sum of steel material cost and labor cost is selected as main objective function. Convergence degree of both methods in according to the size of searching population is examined and an efficient size is investigated. In order to verify the necessity of the optimum design based on the cost, minimum weight design and minimum cost design are carried out.

Cases Studies on Total Productive Management and Competitive Advantages

  • Li, Chang-Chung;Tsai, Ping-Chen
    • International Journal of Quality Innovation
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    • v.2 no.1
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    • pp.106-116
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    • 2001
  • The purpose of business strategy is to achieve competitive advantages which includes higher efficiency, better quality, more innovation and faster customer response. In other words, The business strategy is to build unique capability of lower cost and/or differentiation. In production aspect, unique capability means better production power with better performance at 3M(Man, Machine, Material) of input and PQCDSM (Product, Quality, Cost, Delivery, Safety, Moral) from output. The Total Productive management (TPM), a series of improvement activities focused on reduction of equipment loss, is a tool to establish business competitive advantages. In this paper, several domestic companies who won the Japan TPM Award have been studied. It is found that there is a strong cause-effect relationship between TPM and competitive advantages because. 1. TPM can change employees mindset effectively. 2. TPM can upgrade employees capabilities. 3. TPM can lead to excellent productivity.

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Communication Sequence Determination for Lead Vehicle Control in a Platoon via Remote Control Station

  • Park, Jae-Weon;Fang, Tae-Hyun
    • 제어로봇시스템학회:학술대회논문집
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    • 2002.10a
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    • pp.41.6-41
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    • 2002
  • In this paper, we present a remote control strategy for vehicles moving in an intelligent Vehicle Highway System(IVHS). We study a method for optimal off-line scheduling of a limited communication channel that is used for lead vehicle control in a platoon. The deviated distance from the desired trajectory is used for defining a cost functional that measures the performance of the system with communication constraints in relation to the desired system without communication constraints. The optimal communication sequence is obtained by simulations.

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A Regression-Based Approach for Central Warehouse Location Problem (중앙창고 입지선정을 위한 회귀분석기반 해법)

  • Yoo, Jae-Wook;Lee, Dong-Ju
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.2
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    • pp.57-65
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    • 2009
  • In continuous review inventory model, (${\varrho}$, ${\gamma}$) system, order quantity(${\varrho}$) and reorder point(${\gamma}$) should be determined to calculate inventory-related cost that consists of setup, holding, and penalty costs. The procedure to obtain the exact value of ${\varrho}$ and ${\gamma}$ is complex. In this paper, a regression analysis is proposed to get the approximate inventory-related cost without the determination of ${\varrho}$ and ${\gamma}$ in the case that the standard deviation(${\sigma}$) of the lead time demand is small or that the mean(${\mu}$) of the lead time demand is proportional to ${\sigma}$. To save inventory-related cost, central warehouses with (${\varrho}$, ${\gamma}$) system can be built. Central warehouse can provide some stores with products with the consideration of the tradeoff between inventory-related cost and transportation cost. The number and the location of central warehouses to cover all the stores are determined by a regression-based approach. The performance of the proposed approach is tested by using some computational experiments.