• Title/Summary/Keyword: Supply Chain Economics

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An Exploratory Treatise on Consciousness and Espousal of Halal Supply-Chain: An Indian Perspective

  • Potluri, Rajasekhara Mouly;Lee, Jung Wan;Potluri, Lohith Sekhar
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.2
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    • pp.69-74
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    • 2017
  • The purpose of this research is to be acquainted with the awareness and approval of halal supply chain among Indian manufacturers and distribution network members for haulage and warehousing activities from the perception of respective service suppliers. A total of 20 respondents, which consist of 10 transportation companies and 10 warehousing companies from the State of Andhra Pradesh in India were selected for the study by using purposive sampling method. The principal focal points of the discussions are on awareness and adoption of halal transportation and warehousing services chosen for the study in the comprehensive halal supply chain. A total of 90 percent and 70 percent of respondents from the transportation and warehousing companies respectively agreed that they know only about the concept of halal but do not have any exposure and ken on the halal supply chain. However, findings of this research won't have extensive validity in the market, gaining an enough familiarity with the halal supply chain in the Indian social context is of immense importance. This is a pioneering attempt aimed to investigate the awareness and adoption levels of halal supply chain among Indian businessmen which are precious for supply chain companies to customize their services in the country as well to the world of academia.

Factors Impacting on the Supply Chain Collaboration of the Furniture Industry in Vietnam

  • Suong, Huynh Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.4
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    • pp.67-77
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    • 2017
  • The purpose of this research is to explore the factors affecting on Supply chain (SC). In fact, the collaborative supply chain (CSC) concept in Vietnam is quite new. Apart from obvious differences of doing business between Western versus and most of developing countries such as Vietnam, the literature suggests that collaboration in the supply chain (SC) of the furniture industry are quite low. The primary reason for such low adoption rates is low awareness of enterprises. In order to achieve the purpose of this study, a literature survey related to SC, CSC was carried out, and an empirical analysis was conducted among 276 manufacturers in this industry with the results analyzed. Using Cronbach's alpha analysis, Explore Factor Analysis (EFA) and Regression Analysis (RA) with primary data collected 276 valid samples from 393 samples in Vietnam, this paper explores and confirms that there are existed six basic factors affecting the collaboration in supply chain including: (i) Trust; (ii) Power; (iii) Maturity; (iv) Strategy; (v) Culture; and (vi) Frequency. Results of the research show strong evidences for policy makers and enterprises for management the supply chain collaboration in furniture industry as well as its contribution to literature review of supply chain management.

A Study on the Factors that Influence the Digital Transformation of the Supply Chain on the Enterprise Environmental Performance of Chinese Automobile Manufacturers (공급망의 디지털 전환이 중국 자동차 제조기업의 환경성과에 미치는 영향 요인에 관한 연구)

  • Yujie Cai;Jae yeon Sim
    • Industry Promotion Research
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    • v.9 no.2
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    • pp.207-221
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    • 2024
  • Automotive manufacturing is a traditional manufacturing industry that consumes a lot of energy and emits a lot of pollutants, and needs to improve environmental performance through digital transformation of supply chains.In this study, 13 hypotheses were put forward based on supply chain digital transformation, supply chain dynamic capability and enterprise environmental performance. The results of the questionnaire survey on the managers and employees of automobile manufacturing enterprises in 7 regions of China show that the digital transformation of supply chain can help improve the environmental performance of automobile manufacturing enterprises under the influence of supply chain dynamic capability

Supply chain management and artificial intelligence improve the microstructure and economic evaluation of composite materials

  • Xiaopeng Yang;Minghai Li
    • Steel and Composite Structures
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    • v.51 no.1
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    • pp.43-51
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    • 2024
  • In the current study, we aim to evaluate both microstructural characteristics and economic benefits of composite structures from supply chain utilizing AI-based method. In this regard, the various aspects of microstructure of composite materials along with the features of supply chain are discussed and quantified. In addition, the final economic aspects of the composite materials and are also presented. Based on available data, a designed artificial neural network is utilized for prediction of both microstructure and economical feature of the composite material. The results indicate that the supply chain could affect the microstructure of final composite materials which in turn make changes in the mechanical properties and durability of composite materials.

Designing Revenue Sharing Contract for Irrational Newsvendors (소매상의 비합리성을 고려한 공급사슬의 수익 공유 계약 설계에 대한 연구)

  • Lee, Jung Min;Seo, Yong Won
    • Journal of the Korean Operations Research and Management Science Society
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    • v.41 no.2
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    • pp.101-127
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    • 2016
  • Irrational ordering decisions of supply chain members have been gaining growing importance in the area of supply chain management. Irrational ordering behaviors that deviate from the profit maximizing decisions in the newsvendor settings have observed with human experiments in recent research. These behaviors can be modeled with several typical decision bias elements. This bias in ordering decisions affects the performance of supply chain contracts designed based on the assumption that the supply chain members make optimal decisions, making it necessary to design supply chain contracts by considering the irrationality. The purpose of this research is to derive a method to design the revenue sharing contract that considers human irrationality in ordering decisions. This research considers a simple two-echelon supply chain consisting of one supplier and one retailer, where the supplier is assumed to be perfectly rational while the retailer making newsvendor type ordering decisions displays irrational ordering behaviors. Under this environment, this research analytically models the revenue sharing contract to maximize the total supply chain profit or the supplier's own profits while considering the three decision bias patterns of the retailer, which include the pull-to-center effect, the prospect theory, and the increased subjective sensitivity to the revenue sharing ratio. Irrationality parameters are measured through human experiments based on which and through numerical simulations, we showed that significant improvements in the supply chain performance can be achieved.

Green Supply Chain Management Practice of FDI Companies in Vietnam

  • TA, Van Loi;BUI, Huy Nhuong;CANH, Chi Dung;DANG, Thi Dung;DO, Anh Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.1025-1034
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    • 2020
  • This paper aims to develop a conceptual framework for Green Supply Chain Management (GSCM) that takes into account the effect of GSCM drivers on implementing GSCM practices in Vietnam FDI companies. This study has considered organizational commitment, social network, and government support as GSCM driver factors and proposed a structural model of the relationships between GSCM drivers and GSCM practices in Vietnam FDI companies. The empirical analysis used data from 192 questionnaires which used a comprehensive, valid, and reliable tool (SPSS 26 and SmartPLS 3.0 software) to evaluate rigorous statistical tests including convergence validity, discriminatory validity, reliability, and Average Variance Extracted (AVE) to analyze and verify the gathered data and develop the hypothesis. The result of path analysis shows that GSCM driver factors constitute a structured system with different degrees of influence on GSCM drivers and GSCM practices. Organizational commitment and government support has a positive relationship with both GSCM drivers and GSCM practices, while social network only has a positive relationship on GSCM drivers. As a result, the testing of the relationship between GSCM drivers and GSCM practices has been verified and supported. The findings of this study can help managers and decision-makers to push the implementation of GSCM practices in FDI companies.

The Effect of Supply Chain Management on Total Quality Management: An Application of Just-in-Time (JIT) Practices

  • ABDELRAHEEM, Abubkr Ahmed Elhadi;HUSSIEN, Asaad Mubarak
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.1
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    • pp.9-17
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    • 2023
  • The study attempted to answer the questions related to the expected effects of supply chain management variables which include: Partnership with Suppliers (PS), Relationships with Customers (RC), Quality of Information Exchange (QIE), and Postponement (P), as independent variables, total quality management (TQM) as a dependents variable, and just in time (JIT) as a mediator variable. The study relies on the descriptive approach by conducting an empirical study on commercial companies in Riyadh Governorate in the Kingdom of Saudi Arabia. Through the methods of descriptive and analytical statistics represented in exploratory factor analysis (EFA), confirmatory factor analysis (CFA), and structural equation modeling (SEM)), using the AMOS and SPSS programs, the results of the applied study indicated that: There is an effect of supply chain management variables (quality of information exchange, Postponement) on just in time (JIT), there is no effect of the supply chain variables (relationship with customers, partnership with suppliers) on just in time (JIT), there is an indirect effect of the quality of information exchange, Postponement, partnership with suppliers, the relationship with customers on total quality management (TQM), relationship with customers affect on total quality management (TQM) indirectly, just in time (JIT) does not affect total quality management (TQM)

Economics of Supply Chain Contracting for Quality

  • Kim Taeho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2004.10a
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    • pp.539-553
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    • 2004
  • This paper models and solves contracting schemes for both when quality is perfectly observable and when quality is not perfectly observable in supply chain. When quality is perfectly observable, the first-best optimal solution which is that the marginal utility of procurer obtained from the quantity and quality supplied by suppliers (the price) is equal to the marginal cost to produce the quantity and quality is obtained. However, when quality is not perfectly observable to procurers the optimal solution cannot be the first-best but the second-best where the price is greater than the marginal cost to produce the quantity and quality and social welfare is less than that of the first-best solution.

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Use of Markov Chain Monte Carlo in Estimating the Economy Model

  • Lee, Seung Moon
    • Journal of Integrative Natural Science
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    • v.1 no.2
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    • pp.127-132
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    • 2008
  • This project follows the heterogeneous agent market segmented model of Landon-Lane and Occhino (2007) with using Korean data, M1 and GDP deflator from 1882:I to 2007:II. This paper estimates parameters with Monte Carlo Markov Chain. The fraction of traders, ${\lambda}$, in Korea is 15.64%. The quarterly preferences discount factor's, ${\beta}$, posterior mean is 0.9922. The posterior mean of the inverse of the elasticity of the labor supply to the real wage, ${\varphi}$, is 0.0316. The elasticity of the labor supply to the real wage has a very large value. By Hansen (1985) and Christiano and Eichenbaum (1992) and Cooley and Hansen (1989), models having large elasticity of the aggregate labor supply better match macroeconomic data.

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Supply Chain Analysis in Public Works: The Role of Work Climate, Supervision and Organizational Learning

  • SOETJIPTO, Noer;KURNIAWAN, Gogi;SULASTRI, Sulastri;RISWANTO, Ari
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1065-1071
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    • 2020
  • The study aims to analyze the supply chain role of supervision, discipline, work climate, and organizational learning on the performance of community services at the public works. This study took a sample of employees through purposive sampling technique at the Public Works Office and Bina Marga in a regency in East Java. Data through questionnaire was collected through a 5-point Likert scale model. The results show that the application of employee discipline affects the performance of public services, with a contribution of 39.7%, meaning that discipline and organizational learning are implementation factors that have an effect on public service performance. In stepwise regression analysis, the supervisory factor has a correlation with service performance, but it is less relevant, while the work climate is not relevant as a predictor variable to improve public service performance. The study revealed the importance of the supply chain policy of implementing good and clean governance and the enactment of the performance appraisal of the government apparatus established through Good Corporate Governance of the state apparatus. The findings provide a basis to encourage the public sector performance to smooth every step of supply chain management of every government project work, especially in the field of public services.