• Title/Summary/Keyword: Inventory Policy

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A study on the Method to Determine Optimal Service Level of a Distribution Center in Supply Chain Management Environment (SCM환경에서의 물류센터의 최적 서비스 수준 결정 방법)

  • 조용욱;박명규
    • Journal of the Korea Safety Management & Science
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    • v.3 no.3
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    • pp.55-64
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    • 2001
  • The main objective of this research is to develop a model to select the optimal input service level for a distribution center-multi branch inventory distribution system. With the continuous review policy, the distribution center places an order for specific order quantity to an outside supplier, and the order quantity is replenished after a certain lead time Also, each branch places an order for particular order quantity to the distribution center to satisfy the customer demands, and receives the replenishment after a lead time. When an out of stock condition occurs during an order cycle, a backorder is placed to the upper level to fill the unfilled demands. With these situation, variable demand and variable lead time are used for better industrial practice. Further, actual lead times with a generic lead time distribution are used in developing the control model. Under the actual lead time model, the customer service measures actually attained for the distribution center and each branch are explained as the effective customer service measures. Thus, throughout the optimal control (using computer search procedures), we can select the optimal input service levels for the distribution center and each branch to attain the effective service levels for each branch which is consistent with the goal level of service for each branch. At the same time, the entire distribution system keeps minimum inventories.

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Perception of Physicians and Nurses on Presence of Family during Invasive Procedures (침습적 시술 시 가족입회에 대한 의사와 간호사의 인식)

  • Sim, Sang-Hee;Lee, Eun-Nam
    • Journal of Korean Academy of Nursing
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    • v.40 no.3
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    • pp.326-335
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    • 2010
  • Purpose: The purpose of this descriptive study was to determine the perception of physicians and nurses on family presence during invasive procedures. Methods: The study population consisted of 100 physicians and 100 nurses from five hospitals which have more than 500 beds in B city. Data collection was done from August 20 to September 19, 2007. The Family Presence During Resuscitation (FPDR) Inventory developed by Fulbrook, Albarran and Latour (2005) was used as the study instrument. The collected data was analyzed by t-test, ANOVA and Duncan's multiple range test using SPSS/WIN 14.0 version. Results: Nurses had more positive attitudes to allowing family members to be present during invasive procedures than physicians did. However, compared to physicians, nurses had more concern about problems of confidentiality, arguing with medical team, and increased rate of legal action if family members were present during invasive procedure. Conclusion: The results of this study indicate that educational programs and policy for family presence be required within the hospital to enhance the perception of physicians and nurses to the family presence.

Development of Analytical Tools for the Bullwhip Effect Control in Supply Chains : Quantitative Models and Decision Support System (공급사슬에서 채찍효과 관리를 위한 분석도구의 개발 : 정량화 모형과 의사결정지원시스템)

  • Shim, Kyu-Tak;Park, Yang-Byung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.1
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    • pp.117-129
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    • 2009
  • The bullwhip effect is known as the significant factor which causes unnecessary inventory, lost sales or cost increase in supply chains. Therefore, the causes of the bullwhip effect must be examined and removed. In this paper, we develop two analytical tools for the bullwhip effect control in supply chains. First, we develop the quantitative models for computing the bullwhip effect in a three-stage supply chain consisted of a single retailer, a single distributor and a single manufacturer when the fixed-interval replenishment policy is applied at each stage. The quantitative models are developed under the different conditions for the demand forecasting and share of customer demand information. They are validated through the computational experiments. Second, we develop a simulation-based decision support system for the bullwhip effect control in a more diverse dynamic supply chain environment. The system includes a what-if analysis function to examine the effects of varying input parameters such as operating policies and costs on the bullwhip effect.

Acculturation of Immigrant Korean Families in Yanbian and Shenyang/Harbin, China (중국 조선족 가정의 문화접변 실태: 연변지역과 심양/할빈지역 비교 연구)

  • Cho Bokhee;Lee Kwee-Ock;Choi Hyewon Park;Lee Joo-Yeon
    • Journal of the Korean Home Economics Association
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    • v.43 no.8 s.210
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    • pp.37-54
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    • 2005
  • The purpose of this study is to provide basic information about the acculturation of Korean immigrants in China. A total of 459 Korean-Chinese from yanbian province, China and 768 Korean-Chinese from the city of Shenyang and Martin, China participated in this study. The subjects were asked about their language use during daily conversations and cultural activities using. The Cultural Life Style Inventory. Result indicated that overall Korean immigrants in China maintain their ethnic identity, ethnic language and culture. However, there were some differences in their levels of acculturation depending on the area they live and their educational levels. The differences were explained in part by the uniqueness of Yanbian province and a new policy for ethnic minorities in China. This study suggests that not only immigrants' demographic variables but also their ecological variables are important in understanding the acculturation of Korean immigrants in China.

Design and Performance Evaluation of an Assemble-To-Order System (주문- 조립시스템의 설계 및 성능평가)

  • 박찬우;이효성
    • Journal of the Korean Operations Research and Management Science Society
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    • v.27 no.4
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    • pp.41-65
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    • 2002
  • We study a multi-component production/inventory system in which individual components are made to meet various demand types. We assume that the demands arrive according to a Poisson process, but there is a fixed probability that a demand requests a particular kit of different components. Each component is produced by a flow line with several stations in which the processing times of each station follow a two-stage Coxian distribution. The production of each component is operated by an independent base-stock policy with blocking. We assume that the time needed to assemble final products follows a general distribution and the capacity of an assembling facility is sufficiently large. The objective of this study is to obtain key performance measures such as the distribution of the number of each orders for each final product and the mean time of fulfilling a customer order. The basic principle of the proposed approximation method is to decompose the original system into a set of subsystems, each subsystem being associated with a flow line. Each subsystem is analyzed in isolation using a Marie's method. An iterative procedure is then used to determine the unknown parameters of each subsystem. Numerical results show that the accuracy of the approximation method is acceptable.

Measuring a Value of Contract Flexibility in the Third-Party Warehousing

  • Park, Chul-Soon;Kim, Bo-Won
    • Management Science and Financial Engineering
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    • v.15 no.1
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    • pp.1-31
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    • 2009
  • This paper considers the value of warehousing contract under probabilistic demands. We consider a supply chain consisting of a supplier, a retailer and its third-party warehousing partner who provides the warehousing service to the retailer through an outsourcing contract. A typical contract is specified by initial space commitment and modification schedule. The retailer decides the order quantity for the supplier and space commitment for the outsourcing contract. Since there is close relationship between order quantity and space commitment to minimize the total cost including ordering cost, inventory carrying cost, shortage cost, and warehousing cost, we develop an analytical model under probabilistic demands, where the retailer can determine the optimal order size and space commitment level jointly. We found the closed-form optimum for a single-period case and the optimal conditions for a two-period case. To evaluate the value of contract flexibility for the two-period case, we compared the total cost under two policies; one with modification, under which the base commitment can be changed at the start of each period and the other without modification. From results of our numerical analysis, we showed that the modification policy is more cost-effective as the variability of demand increases.

A Study on the Investment Portfolios of Stocks using DEA (DEA를 활용한 주식 포트폴리오 구성에 관한 연구)

  • Gu, Seung Hwan;Jang, Seong Yong
    • Korean Management Science Review
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    • v.31 no.3
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    • pp.1-12
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    • 2014
  • This study suggests the two types DEA models such as DEA CCR model and Super Efficiency model to evaluate the value of a company and to apply them for the investments. 14 kinds of real data of companies such as EV/EBITDA, EPS growth rate, PCR, PER, dividend yield, PBR, stock price/net current asset, debt ratio, current ratio, ROE, operating margin, inventory turnover, accounts receivable turnover, and sales growth ratio were used as input variables of DEA models. 12 year data from December 30, 2000 up to December 30, 2012 were collected, and the data with negative, missing and 0 values were removed reflecting the characteristics of the DEA. In order to verify the effectiveness of the models, we compared the historical variability and rate of return of both models those of the market. Study results are as follows. First, two DEA models are more stable than market in terms of rate of return because the historical variability of both models are less than that of market. Second, Super Efficiency model is more stable than CCR model. Lastly, the cumulative rate of return of Super Efficiency model (434%) is greater than that of the CCR model (420%) and that of the market (269%).

Home Visitation Screening for Child Abuse Assessment in Korea

  • Kim, Hee-Soon;Kim, Tae-Im;Ju, Young-Hee;Lim, Ji-Young;Ha, Young-Ok;Yoo, Ha-Na
    • Child Health Nursing Research
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    • v.18 no.3
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    • pp.95-100
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    • 2012
  • Purpose: The purpose of this study was to facilitate home visits to assess the current rate of child abuse in order to provide an agenda for the early detection and prevention of child abuse and neglect in Korea. Methods: For this retrospective descriptive research, 20 public health centers were selected, 1,991 families were visited and 2,680 children were assessed. Results: We found 415 cases (15.5%) of potential abuse and 7 cases (0.3%) of actual abuse. The greatest risk group was to children age 4 to 6 years. According to the HOME Inventory, there were 17 infants (5.8%) presenting a potential risk for child abuse and neglect. Conclusion: Visitation screening is highly recommended for prevention in the high-risk preschool age group.

A Study on Selection of Cross-Docking Center based on Existing Logistics Network (기존 물류 네트워크 기반에서 크로스 - 도킹 거점선정에 관한 연구)

  • Lee, In-Chul;Lee, Myeong-Ho;Kim, Nae-Heon
    • IE interfaces
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    • v.19 no.1
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    • pp.26-33
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    • 2006
  • Many Firms consider the application of a cross-docking system to reduce inventory and lead-time. However, most studies mainly concentrate on the design of a cross-docking system. This study presents the method that selects the cross-docking center under the existing logistics network. Describing the operation environment to apply the cross-docking system, the selection criteria of the cross-docking center, and the main constraints of transportation planning under the environment of multi-level logistics network, we define the selection problem of the cross-docking center applied to a logistics field. We also define the simulation model that can analyze variously the cross-docking volume and develop the selection methodology of the cross-docking center. The simulation model presents the algorithm and influence factors of the cross-docking system, the decision criteria of the system, policy parameter, and input data. In addition, this study analyzes the effect of increasing the number of simultaneous receiving and shipping docks, and the efficiency of the overnight transportation and cross-docking by evaluating each scenario after simulating the scenarios with the practical data of the logistics field.

A Study on Space Allocation Method and Calculation of GHGs Emissions in the Port (항만의 온실가스 배출량 산정 및 공간할당 방법에 관한 연구)

  • Choi, Sang Jin;Kim, Joung Hwa;Son, Ji Hwan;Hong, Hyun Su;Han, Yong hee;Kim, Jeong Soo;Cho, Kyeong Doo
    • Journal of Climate Change Research
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    • v.7 no.3
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    • pp.289-297
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    • 2016
  • In this study, we researched the emission source category and it was calculated emissions estimates from existing research or literature review related to port. In addition, we have created the basis for a policy that can reduce greenhouse gas emissions calculation based on the results of the harbor. Greenhouse gas emissions estimation results, we proposed a method for allocating the GIS space. In this study, we confirmed based on the calculated greenhouse gas emissions by sources resulting in the GIS Map Port result of the expression construct for space allocation. Based on these results, it tries to provide the basic data that can be used when you want to create a local government measures to reduce scenario in the future.