• Korean Management Science Review
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• v.31 no.3
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• pp.13-26
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• 2014

This paper considers an integrated one-vendor multi-buyer production-inventory model where the vendor manufactures multiple products in lot at their associated finite production rates. In the model, it is allowed for each product to be shipped in lot to the buyers even before the whole product production is not completed yet. Each product lot is dispatched to the associated buyer in a number of shipments. The buyers consume their products at fixed rates. The objective is to the production and shipment schedules in the integrated system, which minimizes the total cost per unit time. The total cost consists of production setup cost, inventory holding cost and shipment cost. For the model, an iterative optimal solution procedure with shipment consolidation policy incorporated. It is then tested through numerical experiments to show how efficient and effective the shipment consolidation policy is.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.10 no.16
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• pp.113-119
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• 1987

A Multistage production-inventory model is developed for deteriorating items. The model is developed deterministic but time-varing demand pattern and instantaneous delivery. Deterioration rates are assumed to vary from period to period. Discrete version of Pontryagin's maximum principle is used to present the efficient alogrithm to solve this model easily. A numerical example is given to illustrate the derived results.

• IE interfaces
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• v.17 no.4
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• pp.472-481
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• 2004

In this paper, we propose a linear programming model of supply planning process for the supply chain collaboration strategy of a company. The amount of its supplying quantity relies on outsourcing suppliers heavily. Conversely, the revenues of those suppliers are highly dependent on the supplying quota from the supply network planning of the company. In order to keep the supply stable through collaboration, the company builds such a policy to guarantee the fairness on revenue between the supplies. For this, the supply network plan should keep the capacity utilization ratio even for all the suppliers. But the production capacities are different and the distribution of molds is disproportional through suppliers, so the supply network plan is not easily established with simple arithmetic processes. Therefore, we developed the linear programming model with those target function and constraints minimizing the costs for holding inventory and penalty of delayed delivery, simultaneously guaranteeing the even capacity utilization through suppliers. The proposed model has been applied to real case and the evaluation for the planning result from the model would be followed in order to make sure that our model guarantee on extracting the supply network plan subordinated to the policy. Also we mention about further studies for improvement of the model.

• Korean Management Science Review
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• v.29 no.3
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• pp.121-134
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• 2012

In this study, we consider a component procurement planning problem where the procurement amounts of components are determined under assemble-to-order systems with demand uncertainty. In the problem, procurement amount of each component is decided before the demands of finished products are known and after the demands are identified the assembly amounts of the finished products are decided. In this study, the objective function of the problem is minimizing the total costs which are composed of purchase and inventory costs of the components and the backorder costs of the finished products. We assume that the uncertain demand information is given as multiple scenarios of the demands, and we propose procurement planning methods based on stochastic models which considering the multiple demand scenarios. To evaluate the performances of the proposed methods, computational experiments were carried out on the proposed methods as well as benchmarks including a method based on deterministic mathematical model and a heuristic. From the results of the computational tests, the superiorities of the proposed methods were shown.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2002.05a
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• pp.363-370
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• 2002

This paper presents a production planning algorithm for minimizing the costs of production and subcontracting in SCM (supply chain management) environment. In our SCM environment, the several local plants that aye dispersed geographically produce parts and products. In this environment, we have to decide the production volumes of both parts and products considering the BOM (bill-of-material) structure to meet the fixed order quantity or forecasted demand quantity. Each plant produces the specified parts of product with finite production capacity. There exist subcontracting decisions relevant to the production capacity of each plant except the core process plant, and when we use the subcontractor's capacities we should be charged for the fixed subcontracting fees. The objective of this study is to solve the production planning problem, which minimizes the total costs of production, inventory, setup, and subcontracting under constraints of production and subcontracting capacity. For this problem, an integrated production planning model based on the multi-level capacitated lot sizing problem was formulated, and efficient decomposition algorithm was proposed. The experimental investigation shows that the proposed heuristic generates quite good solutions at very low computational costs.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.179-188
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• 2021

The purpose of this study is to examine the level of aggressive tax planning (ATP) among companies listed in the Access, Certainty, Efficiency (ACE) Market of Bursa Malaysia. On top of that, this study also investigates the relationship between company characteristics, ethnicity, and ATP. This study uses a balanced pooled sample of 105 firm years-observations for the period from 2014 to 2018. These samples were selected to provide new insight into this market and to explore the attitude of small firms toward ATP in Malaysia. The data was retrieved from DataStream and the downloaded annual reports. The finding shows that profitability and financial distress have a significant relationship with ATP. Other variables including size, capital intensity, inventory intensity, leverage, and ethnicity, were not determinants of ATP. The result in this study may assist the reader in understanding the nature of companies in the ACE market, particularly on its behavior toward tax planning. A strict requirement is needed to be adopted in the sample selection process, thus limiting the sample size. Further, since the previous study focused on large companies, the discussion of this paper will provide new insight into the nature of tax planning within the small- and medium-sized companies in Malaysia.

• Korean Journal of Remote Sensing
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• v.39 no.6_3
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• pp.1731-1745
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• 2023

Within the framework of the post-2020 climate regime, the Paris Agreement's emphasis on Nationally Determined Contributions and Biennial Transparency Reporting is paramount in addressing its long-term temperature goal. A salient issue is the treatment of wetland ecosystems within the context of Land Use, Land-Use Change, and Forestry, as defined by the Intergovernmental Panel on Climate Change. In the 2019 National Inventory Report, wetlands were recategorized as emission sources due to their designation as inundated areas. This study employs C-band radar imagery to discriminate between inundated and non-inundated regions of wetlands, enabling the quantification of their spatial dynamics. The research capitalizes on 24-period Sentinel-1 satellite data to cover both the inundation and desiccation phases while centering its attention on Ungok Wetland, a Ramsar-designated inland wetland conservation area in Korea. The inundated area is quantitatively assessed through the integration of multi-temporal Sentinel-1 Single-Look Complex (SLC) data, aerial orthophotography, and inland wetland spatial information. Furthermore, the study scrutinizes fluctuations in the maximum and minimum inundated areas, with substantial changes corroborated via drone aerial reconnaissance. The outcomes of this investigation hold the potential to make substantive contributions to the refinement of national greenhouse gas absorption and emission factors, thereby informing the development of comprehensive greenhouse gas inventories. These efforts align directly with the overarching objectives of the Paris Agreement.

• Journal of the Korean Operations Research and Management Science Society
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• v.12 no.2
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• pp.5-20
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• 1987

This paper addresses sensitivity analysis for a deterministic multi-period production and inventory model. The model assumes a piecewise linear cost structure, but permits backlogging of unsatisfied demand. Our approach to sensitivity analysis here can be divided into two basic steps; (1) to find the optimal production policy through a forward dynamic programming algorithm similar to the backward version of Zangwill [1966] and (2) to apply the penalty network approach by the author [1986] in order to derive sensitivity ranges for various model parameters. Computational aspects are discussed and topics of further research are suggested.

• Journal of Korean Institute of Industrial Engineers
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• v.31 no.3
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• pp.194-200
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• 2005

A stochastic dynamic lot sizing problem for multi-item is suggested in the case that the distribution of the cumulative demand is known over finite planning horizons and all unsatisfied demand is fully backlogged. Each item is produced simultaneously at a variable ratio of input resources employed whenever setup is incurred. A dynamic programming algorithm is proposed to find the optimal production policy, which resembles the Wagner-Whitin algorithm for the deterministic case problem but with some additional feasibility constraints.

• IE interfaces
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• v.14 no.1
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• pp.30-38
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• 2001

Logistics network management has become one of the most important sources of competitive advantage regarding logistics cost and customer service in numerous business segments. Logistics network simulation is a powerful analysis method for designing and planning the logistics network optimally in an integrated way. This paper introduces a logistics network simulator, LONSIM, developed by author. LONSIM deploys a mix of simulation and optimization functions to model and analysis logistics network issues such as facility location, inventory policy, manufacturing policy, transportation mode, warehouse assignment, supplier assignment, order processing priority rule, and vehicle routes. LONSIM is built with AweSim 2.1 and Visual Basic 6.0, and executed in windows environment.