• Title/Summary/Keyword: Sustainable supply

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Digital Transformation Shift in Global Pharmaceutical Industry Going through the Covid-19 Pandemic Era

  • Il Seo;Hak Kyun Yang;Min Joon Seo;Sung Hyun Kim;Jin Tae Hong
    • Asian Journal of Innovation and Policy
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    • v.12 no.1
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    • pp.054-074
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    • 2023
  • With the advent of the '4th Industrial Revolution', digitalization using AI (Artificial Intelligence), big data, IoT (Internet of Things), cloud computing and mobile is accelerating across all industries and global companies have fundamentally reorganized customer experiences, business models, and operations centering on digital transformation. Business innovation drives productivity improvement, process simplification, price, competitiveness and sustainable expansion. Whether digital transformation will be necessary for the current industrial environment is no longer important, and how quickly companies achieve digitalization has emerged as the utmost crucial element in industrial continuity. As non-face-to-face and remote technologies have begun in earnest, and accelerated in the pharmaceutical industry. They are looking for ways to provide value, generate profits, improve efficiency, and sustain the future. Compared to other industries, the pharmaceutical-related sectors have shown high interest in digital transformation especially to reduce costs and meet the challenge of delivering products during the pandemic environment.

Mid- and Short-term Power Generation Forecasting using Hybrid Model (하이브리드 모델을 이용하여 중단기 태양발전량 예측)

  • Nam-Rye Son
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.4_2
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    • pp.715-724
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    • 2023
  • Solar energy forecasting is essential for (1) power system planning, management, and operation, requiring accurate predictions. It is crucial for (2) ensuring a continuous and sustainable power supply to customers and (3) optimizing the operation and control of renewable energy systems and the electricity market. Recently, research has been focusing on developing solar energy forecasting models that can provide daily plans for power usage and production and be verified in the electricity market. In these prediction models, various data, including solar energy generation and climate data, are chosen to be utilized in the forecasting process. The most commonly used climate data (such as temperature, relative humidity, precipitation, solar radiation, and wind speed) significantly influence the fluctuations in solar energy generation based on weather conditions. Therefore, this paper proposes a hybrid forecasting model by combining the strengths of the Prophet model and the GRU model, which exhibits excellent predictive performance. The forecasting periods for solar energy generation are tested in short-term (2 days, 7 days) and medium-term (15 days, 30 days) scenarios. The experimental results demonstrate that the proposed approach outperforms the conventional Prophet model by more than twice in terms of Root Mean Square Error (RMSE) and surpasses the modified GRU model by more than 1.5 times, showcasing superior performance.

Prediction of sediment flow to Pleikrong reservoir due to the impact of climate change

  • Xuan Khanh Do;ThuNgaLe;ThuHienNguyen
    • Proceedings of the Korea Water Resources Association Conference
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    • 2023.05a
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    • pp.38-38
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    • 2023
  • Pleikrong reservoir with a concrete gravity dam that impound more than 1 billion cubic meter storage volume is one of the largest reservoir in Central Highland of Vietnam. Sedimentation is a major problem in this area and it becomes more severe due to the effect of climate change. Over time, it gradually reduces the reservoir storage capacity affecting to the reliability of water and power supply. This study aims to integrate the soil and water assessment tool (SWAT) model with 14 bias-corrected GCM/RCM models under two emissions scenarios, representative concentration pathway (RCP) 4.5 and 8.5 to estimate sediment inflow to Pleikrong reservoir in the long term period. The result indicated that the simulated total amount of sediment deposited in the reservoir from 2010 to 2018 was approximately 39 mil m3 which is a 17% underestimate compared with the observed value of 47 mil m3. The results also show the reduction in reservoir storage capacity due to sedimentation ranges from 25% to 62% by 2050, depending on the different climate change models. The reservoir reduced storage volume's rate in considering the impact of climate change is much faster than in the case of no climate change. The outcomes of this study will be helpful for a sustainable and climate-resilient plan of sediment management for the Pleikrongreservoir.

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The Importance of Green Fashion Product Development to Improve Consumers' Environmental Awareness

  • Suk-Kyung YANG
    • East Asian Journal of Business Economics (EAJBE)
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    • v.11 no.2
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    • pp.29-38
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    • 2023
  • Purpose - The current study aims to learn how fashion consumers now feel about environmental issues. The significance of "green fashion product creation" in resolving environmental issues is explored. It also examines how customers' environmental consciousness has evolved due to the introduction of green fashion products. Research design, data, and methodology - The study methods, procedures, and results of the 16 publications included in this literature review were critically examined. The data sources, analyses, and key findings presented in each publication were compared and contrasted. To better understand how to raise environmental consciousness among customers. Result - The investigation indicates a total of four results why eco-friendly product should be developed to attract potential green consumers. Four solutions are as follows; (1) Encourages Sustainable Consumption Behavior, (2) Increases Consumer Environmental Awareness, (3) Improves Corporate Social Responsibility, and (4) Enhances Competitive Advantage. Conclusion - Promoting sustainability in the fashion sector requires full visibility throughout the supply chain. Companies in the fashion industry would serve their customers better if they were more forthcoming about the resources, methods, and circumstances that went into making their wares. Consumers may accomplish this by including instructions on the packaging or posting them on the business's website.

Position Value for Relative Comparison of Healthcare Status of Korea in 2020 (2020년 한국 보건의료의 상대적 위치와 추이: 경제협력개발기구 국가와 비교)

  • Yu Shin Park;Minah Park;Eun-Cheol Park
    • Health Policy and Management
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    • v.33 no.2
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    • pp.203-213
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    • 2023
  • This study examined the trend of healthcare status and compared the status of South Korea and other member of the Organization for Economic Cooperation and Development (OECD) using the OECD health statistics 2022. We used the OECD health statistics from 2022 and a position value for relative comparison (PARC) index to compare the five elements of the healthcare system. The study also used a Mann-Kendall test to analyze the trend of the PARC values from 2000 to the present year. The findings of the study indicate that many South Korea's PARC values were higher than the OECD median. But practicing physician in supply part and medical cost were lower than OECD median but the trend significantly increased. Medical accessibility part and quality of care part except primary care, and mental health had a high relative position but the trend did not increased significantly. After outbreak of coronavirus disease 2019, there were changes in medical accessibility. Health screening and vaccinations showed an overall decline in 2020 compared to 2019. These results suggest that policymakers need to take necessary steps for a sustainable healthcare system in the country.

FedEx Earth Smart: Practices of Environment-Friendly Management

  • Jung, Young-Su
    • The Journal of Economics, Marketing and Management
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    • v.3 no.4
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    • pp.21-27
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    • 2015
  • With the recent increasing interest in sustainability management, the latest environmental report tends to be substituted by the expanded sustainability management report. In this work, I would like to introduce the management pattern of a global enterprise that values environmental soundness (environmental friendly) and implements eco-friendly measures. The enterprise chosen in this study is FedEx. In this article, FedEx case is presented how companies can adopt environmental friendly management in their businesses. FedEx has maintained an eco-friendly management since the introduction of the company's eco-friendly transport trucks in 2003, following its development in 2000. In 2005, it installed a solar power plant that can supply up to 80% of the electricity consumed by Oakland Logistics Center in California, USA. FedEx has published the "Global Enterprise Citizenship Report," which contains its business developments in 2009. FedEx has worked hard to minimize the influence caused by packaging of goods to the environment and appealed to customers to use recycled products as much as they can. FedEx also encourages customers to use packaging materials efficiently. A considerable amount of energy has been expended in the eco-friendly programs of FedEx. Although thousands of FedEx vehicles and aircraft operate daily with using large amounts of electricity and fuel, FedEx focuses on energy savings and global environment protection.

A Green Logistics Network Design to Increase Responsiveness to Eco-Friendly Consumers

  • Eungoo KANG
    • The Journal of Industrial Distribution & Business
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    • v.14 no.11
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    • pp.1-9
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    • 2023
  • Purpose: The industrial sector, especially in developed countries, is seen as the primary threat to sustainability. As a result, contemporary organizations prioritize establishing sustainable business practices. This sustainability can be achieved by organizations being concerned with their external environments, which is referred to as going green. This study aims to provide a green logistics network design to explain how to attract green consumers. Research design, data and methodology: This study conducted a comprehensive process to obtain textual dataset in the current literature and finally the author could collect total 26 relevant prior studies to achieve the purpose of the study. All dataset was thoroughly screened and selected for the high-degree of validity. Results: Based on the intensive literature review, the author insists that the four findings presented in this study will be useful as they provide evidence of the importance of technology in achieving global sustainability.in the situation we face that technology has become an important part of human life. Conclusions: This study provides meaningful insights into the environmental strategies that organizations across the world can implement to achieve a green supply chain based on the solutions in this study. The strategies presented in this study are evidence-based and have been tested through different studies.

Perceptual Study on Higher Level Digitilization Among Managers in the Logistics Industry

  • Beleya PRASHANTH;Raman ARASU;Degeras KARUNANITHY
    • Journal of Distribution Science
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    • v.22 no.1
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    • pp.25-36
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    • 2024
  • Purpose: The study attempts to explore the operational performance of the existing Malaysian logistics companies and the extent of their adoption of digitalization. The role of digitalization in enhancing the performance of companies in the logistics industry in Malaysia, for value creation, is the topic of study. Research design, data and methodology: A qualitative research method with a semi-structured interview approach was applied and judgmental sampling was used as the sampling technique to collect data. The research has chosen nine companies in the logistics industry in Peninsular Malaysia, with the interviews aimed at eleven members of top and middle-level management. Data analysis was performed using logical system techniques to examine and evaluate data, reorganizing feedback, comparing it with literature, and transforming it into structured, valuable information after interviews. Results: The study revealed mixed opinions on digitalization in logistics, despite its potential benefits such as improved operational efficiency, real-time information, and customer service. However, high costs may hinder financial performance and require revisions due to stakeholder involvement. Conclusions: The Malaysian logistics industry's adoption of digitalization is gaining traction, with most companies satisfied with their status. However, challenges like cost and inefficiency persist, prompting calls for government support to improve efficiency and reduce costs while ensuring sustainable transportation.

Artificial Intelligence Application using Nutcracker Optimization Algorithm to Enhance Efficiency & Reliability of Power Systems via Optimal Setting and Sizing of Renewable Energy Sources as Distributed Generations in Radial Distribution Systems

  • Nawaf A. AlZahrani;Mohammad Hamza Awedh;Ali M. Rushdi
    • International Journal of Computer Science & Network Security
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    • v.24 no.1
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    • pp.31-44
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    • 2024
  • People have been using more energy in the last years. Several research studies were conducted to develop sustainable energy sources that can produce clean energy to fulfill our energy requirements. Using renewable energy sources helps to decrease the harm to the environment caused by conventional power plants. Choosing the right location and capacity for DG-RESs can greatly impact the performance of Radial Distribution Systems. It is beneficial to have a good and stable electrical power supply with low energy waste and high effectiveness because it improves the performance and reliability of the system. This research investigates the ideal location and size for solar and wind power systems, which are popular methods for producing clean electricity. A new artificial intelligent algorithm called Nutcracker Optimization Algorithm (NOA) is used to find the best solution in two common electrical systems named IEEE 33 and 69 bus systems to examine the improvement in the efficiency & reliability of power system network by reducing power losses, making voltage deviation smaller, and improving voltage stability. Finally, the NOA method is compared with another method called PSO and developed Hybrid Algorithm (NOA+PSO) to validate the proposed algorithm effectiveness and enhancement of both efficiency and reliability aspects.

The Challenges for LSP to Support Robust and Sustainable Distribution System

  • Yeni SUMANTRI;Femiana GAPSARI;Gunawan Hadiko
    • Journal of Distribution Science
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    • v.22 no.7
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    • pp.23-32
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    • 2024
  • Purpose: Increasingly limited environmental resources encourage all sectors to implement robust distribution systems, including Logistics Service Provider (LSP) as a company that manages customer logistics activities. However, efforts to achieve a robust distribution system have many challenges. To overcome these challenges, as a first step, LSP needsto classify and analyze the challenges faced and find solutions. Knowledge of the challengesin managing robust logisticsisstill not widely researched in developing countries. This paper explores existing research gaps in the region. Research design, data and methodology: The research enquiries used are a questionnaire and in-depth interviews. In the field study, surveys, observations, interviews related to robust logistics implementation in the LSP were carried out. Results: The results of the study show that although robust logistics is recognized as very important, understanding among LSPs is still very diverse. The main challengesfound in this study come from the economic aspect and the internal conditions of the organization. Conclusion: LSP is advised to carry out internal strengthening of the company, especially for economic and organizational aspects therefore they can implement robust and sustainability practices more intensively. LSP needs to have good financial support in order to implement the aspects on an ongoing basis.