• Title/Summary/Keyword: profit maximization

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System Thinking for Increasing the Operational Efficiency of Door-to-door Delivery Network (택배네트워크의 운영효율성 증진을 위한 시스템 사고)

  • Choi, Kang-Hwa
    • Korean System Dynamics Review
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    • v.12 no.1
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    • pp.89-114
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    • 2011
  • With steady increase in the demand for door-to-door delivery services, courier service providers are facing a constant pressure to reduce delivery price in order to secure quantity order and to improve the efficiency and reliability for customer service. The objective of this research is to explain the structure of the door-to-door delivery including door-to-door delivery service demand, sorting capacity in the hub-terminal, and the system performance measures such as service reliability networks using causal loop diagram(CLD). Based on causal relation, this research describes a comprehensive approach to examine how capacity reliability contributes to the renewal of the firm's competences through its reciprocal relationship with travel time reliability and connectivity reliability. Also, this research suggests the policy alternatives to improve effectiveness and efficiency of door-to-door delivery network in response to increase customer satisfaction and profit maximization of the courier service providers: operational, tactical, and strategic levels.

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Development of Real Coded Genetic Algorithm for Multiperiod Optimization

  • Chang, Young-Jung;Song, Sang-Ok;Song, Ji-Ho;Dongil Shin;S. Ando
    • 제어로봇시스템학회:학술대회논문집
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    • 2000.10a
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    • pp.396-396
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    • 2000
  • Multiperiod optimization is the key step to tackle the supply chain optimization problems. Taking supply and demand uncertainty or prediction into consideration during the process synthesis phase leads to the maximization of the profit for the long range time horizon. In this study, new algorithm based on the Genetic Algorithms is proposed for multiperiod optimization formulated in MINLP, GDP and hybrid MINLP/GDP. In this study, the focus is given especially on the design of the Genetic Algorithm suitable to handle disjunctive programming with the same level of MINLP handling capability. Hybridization with the Simulated Annealing is tried. and many heuristics are adopted for this purpose.

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Supervisory Control of Dynamic Oligopolistic Markets: How can Firms Reach Profit-Maximization? (동적 과점시장의 관리제어: 기업들은 어떻게 이윤극대화에 이를 수 있는가?)

  • Park, Seong-Jin
    • Journal of Institute of Control, Robotics and Systems
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    • v.17 no.4
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    • pp.304-312
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    • 2011
  • In an oligopolistic market, only a few firms account for most or all of total production, e.g., automobile, steel, and computer industries. For a dynamic oligopolistic market with two firms competing in quantities, we show that supervisory control theory of discrete event systems provides a novel approach to solve the dynamic oligopoly problem with the aim of maximizing the profits of both firms. Specifically, we show that the controllability, observability, and nonblocking property (which are the core concepts in supervisory control theory) are the necessary and sufficient conditions for two oligopolistic firms in disequilibrium to eventually reach equilibrium states of maximizing the profits of both firms.

A Study on the Export Logistics System Improvement of Fresh Agriculture Products (신선농산물 수출 물류시스템 개선에 관한 연구)

  • Roh, Kyung-Ho
    • Management & Information Systems Review
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    • v.24
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    • pp.155-185
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    • 2008
  • This study tries to find out the resonable improvement method of the export logistics system for fresh agriculture products. Export logistics system improvement of fresh agriculture products rationalized the export network covering the export and import of fresh agriculture products from producers to end customers and realized cost reduction and profit maximization. We are also operating our very own comprehensive logistics system that maximizes customer satisfaction. Supporting the entire logistics process starting from the collection, unloading, sorting, packaging, customs clearing, and information up to comprehensive logistics services, the export logistics system of fresh agriculture products realized a comprehensive transport system that uses 12 feet cool container. We have successfully reduced logistics costs through efficient operation in the export logistics system of fresh agriculture products.

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on the Integration Strategy of TOC and Six Sigma (TOC와 6시그마의 통합 전략)

  • Bae Young Ju
    • Journal of the Korea Safety Management & Science
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    • v.7 no.3
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    • pp.121-135
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    • 2005
  • The TOC and Six Sigma are the most attention-getting concepts for managing manufacturing companies. Using the ideas and methods of the TOC, companies can achieve a large reduction of work-in-process and finished good inventories, significant improvement in scheduling performance, and substantial earnings increase. The six sigma approach derives the overall process of selecting the right project based on their potential to improve performance metrics and selecting and training the right people to get the business results. These two concepts have different backgrounds and different viewpoints for production systems. so, if the two concepts integrate each other, the synergy effects to innovate production systems can be expected. The purpose of this paper suggest that integration strategy between Six Sigma and TOC for profit maximization.

A Primary Study on High Speed Intermodal Rail Freight Transportation (고속철도시대의 철도화물 수송정책-고속철도 복합운송을 중심으로)

  • Kim Hyun-Woog;Moon Dae-Seop
    • Proceedings of the KSR Conference
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    • 2003.05a
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    • pp.185-189
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    • 2003
  • According to opening Seoul-Busan high speed rail line in 2004, we are studying to offer speedily for the parcel service of high speed rail-combined transport as it does, tender the quality freight services within a one and the same high speed train formation. Therefore, we reviewed for various types of HSR-combined transport and suggested to application methods in Korean high speed rail line. Through these kinds of approaches, we are able to expect the fulfillment of customer needs for high speed rail market segments, the profit maximization of future railway operating companies, and enhancement for cost-effective rail network operation of the mixed traffic on infrastructure cost-reduction in national logistics.

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Reliability Pricing Model system construction (신뢰도기반 가격산정모델 시스템 구축)

  • Lee, Cheon-Ho;Han, Seok-Man;Kim, Jong-Hyuk;Chung, Koo-Hyung;Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.812-813
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    • 2007
  • The procurement of generation and transmission/Distribution capacity in vertically-integrated electric industry is sufficient by facility construction in suitable time. However, the introduction of competitive electricity market increase the efficiency of availability for facilities and fuels. As a result, long-term capacity procurement is required for stable demand-supply balance since it is expected to maintain their generation capacity at a minimum for profit maximization. In this paper, a new long-term capacity procurement mechanism is constructed, which is able to assure supplemental contribution in competitive electricity market.

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Product Presentation Strategies for Cable Television Home Shopping Channels

  • Kim Dong Hun
    • Journal of Distribution Research
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    • v.1 no.1
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    • pp.223-237
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    • 1996
  • The emergence of the cable television era has spawned the introduction of many new television programming formats such as all-news channels, movie channels, channels catering to cultural events, channels for women, and many others. One of the new programming formats that is expected to have interesting implications for marketing is the home shopping channel. As we have observed in other countries, this new form of distribution may potentially have a major impact on the traditional retail industry. This paper presents a model of home shopping channel viewing behavior. This model is then used to formulate optimal product presentation strategies that may aid managers in the design of home shopping programs. Specifically, by formulating a profit-maximization problem based on tile model, we derive the optimal length of product presentations and explore its properperties through simulating various situations. The discussion of these properties provide insights about making strategic decisions regarding product presentations.

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Evolution of Skyscraper Block Typology Affected by Air Rights Development: A Case Study of Manhattan

  • Chao Weng;Yu Zhuang
    • International Journal of High-Rise Buildings
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    • v.12 no.1
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    • pp.19-33
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    • 2023
  • Air Rights techniques, including floor-area ratio (FAR) transfers, FAR bonuses, and FAR storage, have been widely applied among skyscraper constructions in New York City for profit maximization goals. Since 1916, air rights regulations in New York zoning system have been revised and improved over the years to cater the urban development needs of different periods, and they also result in typical skyscraper block typologies. This research firstly performed spatial overlay analysis to reveal the spatial correlation between skyscraper blocks and air rights application blocks; secondly, Spacematrix parameters and cluster analysis are applied to divide the skyscraper urban block of New York City into four categories. Compared with air rights application data, the research attempts to illustrate how various air rights techniques have acted on the formation and evolution of skyscraper block typologies in the pre-1916, 1916-1961, 1961-2010, and 2010-present periods respectively, in order to reveal the relationship between public policies and urban morphology in a broader sense and also provide references for policy making in future.

BIM-based Property Management by Linking Maintenance with Financial Data for Commercial Building Projects

  • Shin, Hyeonju;Cha, Heesung
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.418-425
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    • 2022
  • For a commercial building, property managers play an important role in maximizing the benefit by reducing cost and increasing revenue in the operation and maintenance phase of the building. However, most of property managers are spending their time in monitoring facility managers who have little impact on cost reduction and maximization of operating profit. The industry practitioners have difficutlty in increasing the efficiency of thier work due to this work environment. In addition, both property managers(PMr) and facility managers(FMr) are dependent on the paper drawings and manuals, which can worsen the inefficiency and human errors are inevitable. This study aims to contribute to improvement of the current practice by developing a novel algorithm that autmatically links the facility information with 3D model, which can provide an efficient property management for commercial buildings.

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