• Title/Summary/Keyword: Efficiency of operations

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A Case Study on the Efficiency Improvement on Auto-Parts Painting Process Management by An RFID System (공정관리(工程管理)의 효율성(效率性) 제고(提高)를 위한 RFID시스템 구축(構築)에 관한 연구(硏究) - "E"사(社) 사례(事例)를 중심(中心)으로-)

  • Kim, Won-Duk;Park, Yong-Tae
    • The Journal of Information Systems
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    • v.19 no.4
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    • pp.233-252
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    • 2010
  • Due to its capabilities, RFID (Radio Frequency IDentification) has shown its applicability in various areas of business operations. This study describes the successful RFID system implemented in the auto parts manufacturing company called "E" to improve the efficiency of auto parts painting process management. The findings of this study show that an RFID system could help companies reduce manufacturing cost, inventory, and error rate in the auto-parts painting process. The RFID system descried in this study also demonstrates that an RFID system could make production data available real time to the company's ERP system and thus, managers and supervisors on the shop floor are able to make more informed business decisions. The findings of this study imply that RFID systems can be used to improve the efficiency of various manufacturing operations in companies. This study also provides IT professionals with practical guidelines for an effective implementation of RFID systems. In other words, it provides IT practitioners with the information on the success factors for implementing RFID systems as well as potential problems and solutions to them when implementing RFID systems.

The Impact of Win-Win Growth Effort of Large Firms on Their Financial Performance (기업의 동반성장 노력이 재무성과에 미치는 영향)

  • Min, Jae H.;Kim, Bumseok
    • Korean Management Science Review
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    • v.30 no.2
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    • pp.79-95
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    • 2013
  • In this study, we empirically examine the impact of win-win growth effort of domestic large firms on their financial performance. Specifically, we classify the financial performance into three aspects such as profitability, stability and efficiency, select corresponding financial ratios to each aspect, and analyze the causal relationship between the firms' win-win growth effort and each of the financial ratios. In addition, we figure out the impact of the firms' win-win growth effort on their stock rate of return. From the analysis, we show that the win-win growth effort has a positive impact on the firms' profitability, stability and stock prices; however, it does not give statistically significant impact on the firms' efficiency with even negative impact on it. These results imply that the firms' win-win growth effort could bring about inefficiency in their business operations, but the effort could increase the firms' profitability and make their financial structure more stable. Furthermore, the effort could enhance the firms' image of leading CSR (corporate social responsibility), which in turn increase their stock values.

An Operations Model for Home Energy Management System Considering an Energy Storage System and Consumer Utility in a Smart Grid

  • Juhyeon Kang;Yongma Moon
    • Asia pacific journal of information systems
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    • v.27 no.2
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    • pp.99-125
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    • 2017
  • In this study, we propose an operations model to automate a home energy management system (HEMS) that utilizes an energy storage system (ESS) in consideration of consumer utility. Most previous studies focused on the system for the profits obtained from trading charged energy using large-scale ESS. By contrast, the present study focuses on constructing a home-level energy management system that considers consumer's utility over energy consumption. Depending on personal preference, some residential consumers may prefer consuming additional energy to earn increased profits through price arbitrage and vice versa. However, the current system could not yet reflect on this aspect. Thus, we develop an operations model for HEMS that could automatically control energy consumption while considering the level of consumer's preference and the economic benefits of using an ESS. The results of simulations using a dataset of the Korean market show that an operations policy of charging and discharging can be changed depending on consumer's utility. The impact of this policy is not ignorable. Moreover, the technical specifications of ESS, such as self-discharge rate and round-trip efficiency, can affect the operations policy and automation of HEMS.

Efficiency Analysis of Port Companies in China Using DEA and the Malmquist Method

  • He, Wenjun;Ma, Hye-Min;Yeo, Gi-Tae
    • Journal of Navigation and Port Research
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    • v.41 no.5
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    • pp.319-328
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    • 2017
  • The efficiency of port operations is an important indicator of port development. Moreover, there is excess handling capacity in Chinese ports, which results in a slower speed of development. Under the detrimental environment of the international shipping market, it is necessary to improve the operation efficiency of ports for long-term development. This paper provides an assessment of the competitiveness of Chinese seaport companies using the Boston Consulting Group's matrix, and efficiency measurements using a data envelopment analysis and the Malmquist method. This analysis showed that highly efficient companies reformed their development strategies, which should be a solution considered by less efficient companies, such as Shenzhen Yan Tian Port Holdings Co., Ltd.. Although, having high throughput should be reformed in the investment structure. This research will assist port companies in gaining effective operating experience, and governments in establishing strategic planning to enhance the efficiency of port development.

Development of Work Report for Evaluating KPIs of Truck Haulage Operation in Open Pit and Underground Mines (노천 및 지하 광산 트럭 운반 작업의 핵심성과지표 평가를 위한 작업 일지 개발)

  • Park, Sebeom;Choi, Yosoon
    • Tunnel and Underground Space
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    • v.32 no.5
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    • pp.327-343
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    • 2022
  • The standard work report for trucks was developed that records data on truck haulage operations in open-pit and underground mines, and to evaluate the performance of haulage operations. Work reports used in 5 mines in Korea was secured and analyzed, and items to be included in the standard work report were determined. By analyzing the formulas for key performance indicators (KPIs) proposed by the Global Mining Guidelines Group (GMG), it was possible to determine how to record time-related data. After selecting a limestone underground mine as a research area, the performance of haulage operations was evaluated using a standard work report. As a result, in terms of truck availability, uptime was 46.7%, and both physical and mechanical availability were 100%. In the case of utilization, use of availability was 88.2%, the asset utilization was 41.1%, and operating and effective utilization were 88.2% and 79.2%, respectively. Also, in terms of efficiency, operating efficiency was found to be 89.9%.

Analysis of Business Process Efficiency Based on Task assignments (BPM에서 업무할당방식이 업무효율성에 미치는 영향)

  • Wang, Zhen-Guo;Bae, Hye-Rim
    • Korean Management Science Review
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    • v.26 no.1
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    • pp.127-136
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    • 2009
  • This paper purposes analyzing how task assignments influence on business process efficiency, and improving business process efficiency in Business Process Management (BPM) environments. For this purpose, task assignment is categorized into dynamic assignment and static assignment. Dynamic assignment binds a user to a task at process run-time, whereas static assignments assigns a task to a user at process build-time. So far, the influence of task assignment methods has not been studied. We, in this paper, analyze the business process efficiency using two different assigning rule, in terms of cycle time as a efficiency measure. The comparison result can provide a guideline for a company who wants to employ commercial BPM systems.

Sustainability Practices to Achieve Sustainability in International Port Operations (국제항만 운영의 지속가능성을 확보하기 위한 지속가능활동)

  • Kim, Sihyun;Chiang, BongGyu
    • Journal of Korea Port Economic Association
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    • v.30 no.3
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    • pp.15-37
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    • 2014
  • Sustainability is a broad concept involving economic, social and environmental issues in operational and managerial processes. To assist ports to implant sustainability practices into their operations, this paper conceptualizes the structure of sustainability practice in port operations, based on interviews undertaken at Busan port in early 2013. Results revealed that, as a strategic practice to improve their internal business processes, sustainability practices necessitate the simultaneous pursuit of container traffic growth, low environmental impacts and corporate responsible image making, operational efficiency, efficiency of the use of the port area and sustainable growth. Through thematic analysis, the relevant practices were clustered into four sub-dimensions incorporating environmental technologies, continual monitoring and upgrading, internal process improvement, and cooperation and communication. Further, reporting the relevant issues such as barriers and challenges in carrying out sustainability practices, the findings provide useful insights for strategic agenda to assist ports to incorporate sustainability practices in their operations.

Design of a Floating-Point Divider for IEEE 754-1985 Single-Precision Operations (IEEE 754-1985 단정도 부동 소수점 연산용 나눗셈기 설계)

  • Park, Ann-Soo;Chung, Tea-Sang
    • Proceedings of the KIEE Conference
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    • 2001.11c
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    • pp.165-168
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    • 2001
  • This paper presents a design of a divide unit supporting IEEE-754 floating point standard single-precision with 32-bit word length. Its functions have been verified with ALTERA MAX PLUS II tool. For a high-speed division operation, the radix-4 non-restoring algorithm has been applied and CLA(carry-look -ahead) adders has been used in order to improve the area efficiency and the speed of performance for the fraction division part. The prevention of the speed decrement of operations due to clocking has been achieved by taking advantage of combinational logic. A quotient select block which is very complicated and significant in the high-radix part was designed by using P-D plot in order to select the fast and accurate quotient. Also, we designed all division steps with Gate-level which visualize the operations and delay time.

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An Experimental Comparison of Adaptive Genetic Algorithms (적응형 유전알고리즘의 실험적 비교)

  • Yun, Young-Su
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.4
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    • pp.1-18
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    • 2007
  • In this paper, we develop an adaptive genetic algorithm (aGA). The aGA has an adaptive scheme which can automatically determine the use of local search technique and adaptively regulate the rates of crossover and mutation operations during its search process. For the adaptive scheme, the ratio of degree of dispersion resulting from the various fitness values of the populations at continuous two generations is considered. For the local search technique, an improved iterative hill climbing method is used and incorporated into genetic algorithm (GA) loop. In order to demonstrate the efficiency of the aGA, i) a canonical GA without any adaptive scheme and ii) several conventional aGAs with various adaptive schemes are also presented. These algorithms, including the aGA, are tested and analyzed each other using various test problems. Numerical results by various measures of performance show that the proposed aGA outperforms the conventional algorithms.

A Fundamental Study on the Expert System for the Operations Management in Wood Furniture Industry (목가구(木家具) 생산관리(生産管理)를 위한 전문가(專門家) 시스템의 기초(基礎) 연구(硏究))

  • Kim, Il-Sook;Lee, Hyoung-Woo
    • Journal of the Korean Wood Science and Technology
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    • v.21 no.2
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    • pp.23-30
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    • 1993
  • As the demand of wood furniture becomes diverse and large-sized, artificial intelligence technique is required to design the expert system which can promote the efficiency of the operations management in wood furniture industry. This study was carried out to develop the expert scheduler, which was applied to the scheduling in chair-manufacturing process to evaluate its validity. The expert scheduler could show the results of scheduling must faster than Gantt chart method with ease. Maximum tardiness in the current chair-manufacturing process could be reduced from 29 seconds to 5 seconds by the addition of a spindle sander, a 12 spindle universal boring machine, and a moulding sander to sanding, boring, and moulding process, respectively.

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