Single-site strategic capacity planning considering renewal, maintenance, inventory, taxes and cash flow management

This paper deals with strategic capacity planning of a single-site manufacturing system. We propose a MILP model that includes relevant business aspects and possibilities, some of which are only partially or not at all found in the literature. Specifically, we consider decisions on expansion, reduction and renewal of production capacity, and acquisition of storage capacity. In addition, we model aspects such as (a) maintenance costs and unit variable costs depending, respectively, on age and characteristics of facilities, (b) seasonality of the demand and (c) cash flow management, including taxes and, therefore, depreciation of assets. The model maximises the after-tax cash balance at the end of the planning horizon. We also present a computational experiment with 54 instances to show that the model can be solved for a wide range of sizes in a reasonable computing time using comercial software.Peer ReviewedPostprint (author's final draft

Large Scale Deployment of Renewables for Electricity Generation

Comparisons of resource assessments suggest resource constraints are not an obstacle to the large-scale deployment of renewable energy technologies. Economic analysis identifies barriers to the adoption of renewable energy sources resulting from market structure, competition in an uneven playing field and various non-market place barriers. However, even if these barriers are removed, the problem of ‘technology lock-out’ remains. The key policy response is strategic deployment coupled with increased R&D support to accelerate the pace of improvement through market experience. The paper suggests significant contributions from various technologies, but does not assess their optimal or maximal market share

Negotiation-Based Capacity Planning With A Learning Mechanism Using Adaptive Neurofuzzy Inference System

In decentralized manufacturing environment with multiple factories that are scattered geographically, the complexity of production systems increases, and capacity planning and allocation of resources have become a significant concern that affects system performances. This study focuses on the development of an integrated framework to allocate limited budget in a multiple-factory environment. We develop a negotiation framework with learning mechanism to allocate autonomously finite budget provided by a headquarter and to facilitate the use of limited manufacturing resources that are scattered over individual factories. The outcome of the experiments shows good prediction of the opponent offers during negotiation, so it enables the reduction of negotiation time

Cycle Time Analysis For Photolithography Tools In Semiconductor Manufacturing Industry With Simulation Model : A Case Study [TR940. S618 2008 f rb].

Perkembangan industri semikonduktor dalam bidang fabrikasi biasanya melibatkan kos pelaburan yang tinggi terutamanya dalam alatan photolithography. The industry of semiconductor wafer fabrication (“fab”) has invested a huge amount of capital on the manufacturing equipments particular in photolithograph

Supply chain control: Trade-offs and system requirements

The official published version can be accessed from the link below.A paper describes the underlying forces which drive change in manufacturing enterprises and supply chains. It sets out the complexities in modern capitalism and global economics and illustrates the trade-offs that can be made. IT systems which are required to assist improvements to both customer service and enterprise manufacturing performance are explained, alluding to the special case for the semiconductor industry. Arguments are presented showing how the new tools being developed with the ESPRIT project 20544, X-CITTIC, will satisfy the control needs for a virtual enterprise. This paper describes the underlying forces which drive change in manufacturing enterprises and supply chains. It sets out the complexities in modem capitalism and global economics and illustrates the trade-offs that can be made. IT systems which are required to assist improvements to both customer service and enterprise manufacturing performance are explained alluding to the special case for the semiconductor industry. Finally it shows how the new tools being developed with the ESPRIT project 20544, XCITTIC, will satisfy the control needs for a virtual enterprise

Large Scale Deployment of Renewables for Electricity Generation

Comparisons of resource assessments suggest resource constraints are not an obstacle to the large-scale deployment of renewable energy technologies. Economic analysis identifies barriers to the adoption of renewable energy sources resulting from market structure, competition in an uneven playing field and various non-market place barriers. However, even if these barriers are removed, the problem of ‘technology lock-out’ remains. The key policy response is strategic deployment coupled with increased R&D support to accelerate the pace of improvement through market experience. The paper suggests significant contributions from various technologies, but does not assess their optimal or maximal market share.technology policy, renewable energy, learning externalities, market structure

A Success Case of Samsung Electronics in the Smartphone Industry

학위논문(석사) -- 서울대학교대학원 : 국제대학원 국제학과(국제통상전공), 2022. 8. Ahn, Jaebin.선진국의 기업 다각화에 관한 문헌은 관련 다각화의 이점과 기업 성과에 대한 긍정적인 영향을 강조합니다. 반면에 신흥 시장 기업에 대한 연구는 비즈니스 성과에 대한 관련 다각화 (related diversification)의 긍정적인 영향을 강조합니다. 그러나 기업은 관련 다각화 (related diversification) 및 비관련 다각화 (unrelated diversification) 모두에서 이익을 얻을 수 있습니다. 따라서 중요한 것은 다각화하는 산업이 아니라 다양한 분야에서 어떻게 시너지를 낼 수 있는지 입니다. 이는 다각화 전략을 종합적으로 설명하기 위해서는 “what” 접근법 뿐만 아니라 “How” 접근법도 중요하다는 문 교수님의 ABCD 모델 이론과 일맥상통합니다. 자원과 기술 보유의 격차가 좁혀지고 기업들이 비슷한 수준의 자원을 갖게 되었기 때문에 최근에는 “How” 접근법이 특히 중요합니다. 기업의 성과에 대한 다각화 (diversification) 효과에 대한 더 나은 이해를 달성하기 위해, 본 논문은 다각화가 수행되는 방식과 프로세스를 통해 이해되어야 함을 강조합니다. 본 연구는 ABCD 모델의 융합 (convergence) 방법론과 전략경영 분야의 다각화 분야의 공백을 메워줄 시너지 창출의 4가지 조건을 활용하였습니다. 본 논문은 삼성전자를 사례연구로 분석하고, 삼성전자의 다각화가 스마트폰 산업의 성공에 어떻게 기여했는지 설명하는 융합 방법론의 적용 가능성을 보여주고 있습니다. 본 연구는 삼성이 혼합 다각화 (combined diversification)의 형태, 즉 관련되거나 관련이 없는 것처럼 보이는 다각화 모두를 적용했음을 보입니다. 계열사들은 부문 간 자원과 노하우를 공유하므로 잠재적 비용을 줄이는 호환성이 매우 높습니다. 그들의 강점과 약점은 지속적인 사업 구조 조정과 교차 투자로 인해 상호 보완적입니다. 각 회사는 서로 다른 활동의 운영을 연결하는 견고한 네트워크 시스템에 속해 보호를 받습니다. 마지막으로, 그들은 단독으로 운영하는 경쟁사들에 비해 월등한 상업적 가치를 제공할 수 있는 강력한 파트너십을 보여줍니다. 앞으로 삼성전자가 경쟁력을 유지하려면 다양한 부문의 접점을 개선해야 합니다. 사업 부문에서 나오는 강점과 약점의 보완성을 강화하는 것이 특히 기본이 될 것입니다. 융합 (convergence) 방법론을 통해 적용된 “how” 방법론은 유사한 자원 수준을 가진 상황의 기업집단들을 종합적으로 분석하는 가장 좋은 방법임이 이론적 관점에서 입증되었습니다.The literature on firm diversification from advanced countries emphasizes the benefits of related diversification and its positive impacts on firm performance. On the other hand, studies on firms from emerging markets highlight the positive influences of unrelated diversification on business performance. However, firms can benefit from both related and unrelated diversification. Therefore, what is important is not the industries in which diversifying, but how synergies can be created among various sectors. This is consistent with Moon’s argument of the ABCD model, that not only “what” factors but also “how” factors are important to comprehensively explain diversification strategies. How factors are particularly critical in recent times since the gap in resources and technology endowment narrows and firms find themselves with similar levels of resources. In order to achieve a better understanding of diversification effects on firm’s performance, this paper highlights that diversification should be comprehended through the ways and processes it is performed. This study uses the ABCD model’s convergence factor and the four conditions for synergy-creation filling the void in the diversification branch of the strategic management field. This paper analyses Samsung Electronics as a case study and shows the applicability of the convergence factor in explaining how Samsung’s diversification contributed to its success in the smartphone industry. This research finds that Samsung adopted a form of combined diversification hence, both related and seemingly unrelated diversification. The member companies are highly compatible since they share resources and know-how among sectors reducing potential costs. Their strengths and weaknesses are complementary thanks to continuous business restructuring and cross-investments. Each company is supported by a solid network system connecting different activities’ operations. Finally, they show strong partnerships which can deliver superior commercial value in comparison with stand-alone competitors. Going forward, to sustain its competitiveness, Samsung Electronics will need to improve the convergence of different segments. It will be especially fundamental to enhance the complementarity of strengths and weaknesses coming from its business segments. From the theoretical perspective, the how approach, applied through the convergence factor, proved to be the best method to comprehensively analyze business groups in an era in which there are similar resource levels.I. Introduction 1 II. Literature Review 4 2.1 Diversification Purpose 4 2.2 Related, Unrelated or Both Combined? 5 2.3 Diversification in Developed and Developing Countries 7 2.3.1 Highly Industrialized Context 8 2.3.2 Late Industrializing Context 9 2.4 A New Dynamic Approach to Competitiveness 10 2.5 Theoretical Background 11 III. Methodology 14 IV. A Case Study of Samsung Electronics 16 4.1 Company Profile 16 4.2 Previous Studies on Samsung Electronics 19 4.3 Convergence of Samsung Electronics 20 4.3.1 Compatibility of Member Companies’ Strengths 20 4.3.2 Complementarity of Member Companies’ Strengths and Weaknesses 24 4.3.3 A Solid Network System Supporting Various Activities’ Operations 27 4.3.4 Partnership’s Superior Commercial Value Against Standalone Competitors 29 V. Results 32 VI. Conclusion 37 References 42 Appendix 1 Articles and Books Regarding Positive Diversification Effects on Firm Performance 52 Appendix 2 Samsung Electronics Business Composition as of 2019 56 국문 초록 57석

The Employment Impact Of Globalisation In Developing Countries

The relationship between globalization and employment is of growing significance to policy makers in developing countries, but is surprisingly difficult to analyse theoretically and empirically. 'Globalization' means different things to different analysts and it is so multi-faceted that its effects are difficult to isolate and evaluate. Received trade theory does not provide a clear guide to its employment effects and in its most commonly used version it assumes away many factors that affect employment during globalization. Much finally depends on the ability of each country to cope with the liberalised trade, investment and technology flows that globalization implies. As this ability varies widely across the developing world - and is continuing to diverge between countries - it appears that no generalisation about the globalization-employment relationship is possible.