A BAYESIAN NETWORKS APPROACH TO MODELING FINANCIAL RISKS OF E-LOGISTICS INVESTMENTS

2009 ◽  
Vol 08 (04) ◽  
pp. 711-726 ◽  
Author(s):  
CHIEN-WEN SHEN
Keyword(s):  
Bayesian Networks ◽  
Enterprise Resource Planning ◽  
Radio Frequency Identification ◽  
Resource Planning ◽  
Financial Risks ◽  
Parameter Learning ◽  
Logistics Systems ◽  
Computer Aided ◽  
Frequency Identification ◽  
Picking Systems

To evaluate whether the investments of e-logistics systems may increase financial risks, models of Bayesian networks are constructed in this study with the mechanism of structural learning and parameter learning. Empirical findings from the transport and logistics sectors suggest that the e-logistics investments generally do not increase the financial risks of companies except the implementation of computer aided picking systems and radio frequency identification. Meanwhile, only the investment of enterprise resource planning can reduce the financial risks and enhance the profitability at the same time. Generally speaking, most advanced e-logistics investments do not yield financial advantages for the transport and logistics companies from the perspective of Bayesian inference. Empirical study based on the proposed models also demonstrates the practicability of Bayesian models.

Могућности унапређења продаје примјеном RFID технологије // Opportunity for Sales Promotion Using the RFID Technology

2018 ◽  
Vol 13 (22) ◽  
pp. 285
Author(s):  
Тихомир Латиновић ◽  
Драгана Прерадовић
Keyword(s):  
Radio Frequency ◽  
Enterprise Resource Planning ◽  
Radio Frequency Identification ◽  
Control Unit ◽  
Resource Planning ◽  
Sales Promotion ◽  
Customer Relationship ◽  
Radio Waves ◽  
Digital Identification ◽  
Frequency Identification

Резиме: Технологија идентификације путем радио-таласа (Radio Frequency Identifi cation - RFID) прeдстaвљa рeвoлуциoнaрни приступ у индустриjскoj кoнтрoли и имa вeлики пoтeнциjaл зa унaпрeђeњe прoдaje прaћeњeм диjeлoвa или циjeлих прoизвoдa крoз прoизвoдњу, склaдиштeњe, дистрибуциjу, тe нa крajу тoкoм циjeлoг лaнцa нaбaвкe (Landt, 2001). У рaду ћe бити прeдстaвљeни oснoвни кoнцeпти RFID систeмa, њихoвa улoгa у прeдузeћимa тргoвинскe дjeлaтнoсти и импликaциje нa пeрфoрмaнсe прoдaje. RFID систeми кoристe рaдиo-фрeквeнциje зa прeнoс пoдaтaкa из eлeктрoнских урeђaja дo читaчa, a зaтим читaч прoсљeђуje примљeнe пoдaткe кoнтрoлнoj jeдиници зa дaљу oбрaду. Oвe кoнтрoлнe jeдиницe мoгу бити пoвeзaнe сa ERP (Enterprise Resource Planning) и CRM (Customer Relationship Management) систeмимa. У дaнaшњeм дигитaлизoвaнoм свиjeту, тeхнoлoгиja идeнтификaциje путeм рaдиo-фрeквeнциja пoстaje глaвни нaчин дигитaлнe идeнтификaциje зa људe, живoтињe, прeдмeтe, згрaдe, и друго.Summary: Radio Frequency Identification (RFID) is a revolution in industrial control, because it has the potential to simplify and make more robust tracking of parts or part carriers through manufacture, storage, distribution, and at the end of the supply chain (Landt, 2001). RFID systems use radio waves to transfer data from electronic devices (TAG) to the reader, and then the reader forwards the received data to the control unit further processing. In today’s digitized world, radio frequency identification (RFID) is becoming a major way of digital identification for people, animals, objects, buildings, etc.

scholarly journals RFID Applications in Airline Maintenance Operations

2015 ◽  
Vol 6 (2) ◽  
pp. 23-42
Author(s):  
Parastoo Dastjerdi ◽  
Chris Markou ◽  
Jacques Roy
Keyword(s):  
Enterprise Resource Planning ◽  
Radio Frequency Identification ◽  
Airline Industry ◽  
Resource Planning ◽  
Aviation Industry ◽  
Rfid Technology ◽  
Aviation Maintenance ◽  
Frequency Identification ◽  
Airline Maintenance ◽  
Rfid Applications

Radio Frequency Identification (RFID) has been widely used in different industries in recent years but its use in the aviation industry has been very limited. In this article, the use of RFID technology is explored in relationship to airlines’ maintenance operations. The main objectives of this article are to assess the current use of RFID in aviation maintenance and to evaluate future opportunities as well as the barriers to this technology in regards to airline maintenance operations. To this end, a survey of airlines was conducted in 2013. The results show that the airline industry has recently taken notice of RFID and that its use is growing. The results also show that airlines are facing several barriers for RFID implementations . They are: lack of knowledge, cost of Enterprise Resource Planning (ERP) integration, cost of tags, lack of support from managers, and immaturity of technology. This research has also identified the categories of parts that can benefit the most from RFID.

Optimization Design of Cooling System of Vacuum Calibrator for Plastics Profile Extrusion

2010 ◽  
Vol 168-170 ◽  
pp. 959-962 ◽  
Author(s):  
Qi Bing Wang ◽  
Zhi Ming Wang ◽  
An Hua Peng
Keyword(s):  
Enterprise Resource Planning ◽  
Computer Aided Design ◽  
Optimization Design ◽  
Cooling System ◽  
Target Function ◽  
Resource Planning ◽  
Local Cooling ◽  
Erp System ◽  
Cooling Channels ◽  
Computer Aided

Plastic profile produced by extrusion die should be cooled down and calibrated by calibrator ,so the proper design of the cooling system in calibrator was very important to the profile quality .The cooling channels in calibrator were preliminarily designed according to target function, and peculiar heterotype optimum designs of the local cooling channels were carried out by means of numerical simulation , the cooling effect was improved obviously ,Based on enterprise resource planning ERP system and parallel project computer aided design/computer aided Engineering CAD/CAE intellectualized data-base network, design for the cooling system was more reasonable, and could meet the demands of customers much better.

RESEARCH ON COLLABORATIVE DESIGN SOFTWARE INTEGRATION BASED ON SOA

2008 ◽  
Vol 07 (01) ◽  
pp. 91-94 ◽  
Author(s):  
YAOGUANG HU ◽  
RAO WANG
Keyword(s):  
Enterprise Resource Planning ◽  
Collaborative Design ◽  
Computer Aided Design ◽  
Rapid Development ◽  
Resource Planning ◽  
Heterogeneous Environment ◽  
Software Integration ◽  
Cooperative Research ◽  
Computer Aided ◽  
Design Software

With the rapid development of economic globalization, more and more complex products have to be designed by the cooperation of the designers in different geographic locations. The effective sharing and deployment of collaborative design software are of great significance to enhance the capability of cooperative research and development of products. To solve the problem of software integration for collaborative design in the distributed and heterogeneous environment, a distributed software integration framework for collaborative product design based on Service Oriented Architecture (SOA) was proposed. Based on Web Service technology, a collaborative design platform was built, which encapsulates the functions of Computer Aided Design (CAD), Computer Aided Engineering (CAE), Product Data Management (PDM) and Enterprise Resource Planning (ERP) software to integrate distributed collaborative design software in heterogeneous environment.

The impact of RFID on the supply chain for engineering shutdowns

2015 ◽  
Vol 55 (2) ◽  
pp. 411
Author(s):  
Maria Lantu
Keyword(s):  
Supply Chain ◽  
Enterprise Resource Planning ◽  
Radio Frequency Identification ◽  
Wait Time ◽  
Resource Planning ◽  
Accurate Method ◽  
Recent Analysis ◽  
Erp System ◽  
Critical Materials ◽  
The Impact

Shutdown activity is heavily reliant on supply chain functions, yet planning is frequently based on incorrect or incomplete information. The flow of materials and equipment is critical to preserving the schedule and budget; however, in most projects, the location of critical materials is manually tracked using spreadsheets or relies on limited enterprise resource planning (ERP) system functionality. This creates a number of problems, as there is no automated or accurate method of locating or ensuring material is available after it has left the manufacturer/supply base and is issued for installation; for example: Recent analysis showed 50–70% of materials are subject to some type of waste (rework, wait time, transport and over processing). Additional resources are required to manage constantly changing shutdown schedules and chase up material locations for job-card staging. Materials expedite costs for a four-week shutdown in a remote area can exceed up to $250,000 a week. Up to 30% of materials sent for a shutdown can be returned to inventory, which increases transport and labour costs. This extended abstract outlines the use of radio frequency identification (RFID) technology and lean supply chain techniques for improving plant shutdown performance, following two major Brownfield engineering projects that used technology innovations, such as active RFID tags, cloud software, solar energy, GPS, 3G/wireless network and mobile devices. RFID real-time location material tracking and LEAN principles were applied to critical materials to remove waste from shutdown processes, protect the integrity of the shutdown plan and help reduce costs by up to 14%.

Analysis of Financial Returns and Risks of Implementing RFID for Supply Chains

2010 ◽  
pp. 89-124
Author(s):  
Ertunga C. Özelkan ◽  
Agnes Galambosi
Keyword(s):  
Sensitivity Analysis ◽  
Supply Chain ◽  
Radio Frequency ◽  
Supply Chains ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Return On Investment ◽  
Financial Risks ◽  
Financial Returns ◽  
Frequency Identification

Radio Frequency Identification (RFID) is believed to change how supply chains operate today. While RFID’s promise for improved inventory visibility and automation in inventory management is making many supply chain players hopeful for increased sales and reduced operating costs, these benefits do come at a cost and involve risks. This paper presents a financial returns analysis that captures RFID’s costs and benefits, and quantifies the financial risks of implementing RFID for various business sizes and products with different unit profits to understand when RFID makes business sense. More precisely, the returns analysis is performed using an econometric model to understand how break-even sales volumes, unit profits, tag prices, return on investment, and risks vary between a manufacturer and a retailer in a supply chain. The results are extended to multi-product cases as well. A sensitivity analysis is also performed to understand the returns in pessimistic and optimistic scenarios.

When Does RFID Make Business Sense for Managing Supply Chains?

2010 ◽  
pp. 1250-1283
Author(s):  
Ertunga C. Özelkan ◽  
Agnes Galambosi
Keyword(s):  
Sensitivity Analysis ◽  
Supply Chain ◽  
Radio Frequency ◽  
Supply Chains ◽  
Inventory Management ◽  
Radio Frequency Identification ◽  
Return On Investment ◽  
Operating Costs ◽  
Financial Risks ◽  
Frequency Identification

Radio frequency identification (RFID) is believed to change how supply chains operate today. While RFID’s promise for improved inventory visibility and automation in inventory management is making many supply chain players hopeful for increased sales and reduced operating costs, these benefits do come at a cost and involve risks. This article presents financial returns analysis that captures RFID’s costs and benefits, and quantifies the financial risks of implementing RFID for various business sizes and products with different unit profits to understand when RFID makes business sense. More precisely, the returns analysis is performed using an econometric model to understand how break-even sales volumes, unit profits, tag prices, return on investment, and risks vary between a manufacturer and a retailer in a supply chain. The results are extended to multiproduct cases as well. A sensitivity analysis is also performed to understand the returns in pessimistic and optimistic scenarios.

scholarly journals A DEDICATION THAT DRIVES THE GROWTH

10.28945/4499 ◽  
2019 ◽  
Vol 4 ◽  
pp. 001-028
Author(s):  
Mariia Khilkovskaia ◽  
Michael Eisenberg ◽  
Snehil Tiwari ◽  
Alexandre S K Miguel ◽  
Chad Cowan
Keyword(s):  
Enterprise Resource Planning ◽  
Resource Planning ◽  
Electronic Data Interchange ◽  
Electronic Data ◽  
Delivery Service ◽  
Logistics Systems ◽  
Long Run ◽  
Data Interchange ◽  
Market Trends

By implementing a better solution for shipment tracking, Michael wanted to facilitate better overall delivery service between WDS and its customers. The hardest question was that he did not know where to start. The quick solution of implementing Electronic Data Interchange (EDI) system would solve the majority of problems related to copying and pasting data. However, it might not help in the long run because the company is expanding. To address market trends and prosper in the next few years, WDS needs to make significant updates to its logistics systems including RFID implementation and create a better solution for Enterprise resource planning (ERP).

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