Abstract: The business strategy of any company wanting to be
competitive on the market should be designed around the concept of
intangibles, with an increasingly decisive role in knowledge transfer
of the biggest corporations. Advancing the research in these areas,
this study integrates the two approaches, emphasizing the
relationships between the components of intellectual capital and
corporate social responsibility. The three dimensions of intellectual
capital in terms of sustainability requirements are debated. The paper
introduces the concept of sustainable intellectual capital and debates
it within an assessment model designed on the base of key
performance indicators. The results refer to the assessment of
possible ways for including the information on intellectual capital
and corporate responsibility within the corporate strategy. The
conclusions enhance the need for companies to be ready to support
the integration of this type of information the knowledge transfer
process, in order to develop competitive advantage on the market.
Abstract: Not many studies have been undertaken on shareholder activism in emerging economies, including Malaysia. Shareholder activism in emerging economies is on the rise. This paper seeks to comprehend the elements of this activism that are unique to Malaysia, specifically with respect to how the agency problem is controlled through shareholder activism in improving corporate governance practices within target companies. Through shareholder activism, shareholders make contact with a target company to voice their dissatisfaction, suggestions, or recommendations. This paper utilises agency theory to explain institutional shareholder activism. This theory has been extensively used within literature on corporate governance with regards to shareholder activism. The effectiveness of shareholder activism in improving corporate governance will be examined as well. This research provides a further understanding of shareholder activism in emerging economies, such as Malaysia; this research also has the potential to enhance shareholder activism and corporate governance practices in general.
Abstract: Today, the preferences and participation of the TD groups such as the elderly and disabled is still lacking in decision-making of transportation planning, and their reactions to certain type of policies are not well known. Thus, a clear methodology is needed. This study aimed to develop a method to extract the preferences of the disabled to be used in the policy-making stage that can also guide to future estimations. The method utilizes the combination of cluster analysis and data filtering using the data of the Arao city (Japan). The method is a process that follows: defining the TD group by the cluster analysis tool, their travel preferences in tabular form from the household surveys by policy variableimpact pairs, zones, and by trip purposes, and the final outcome is the preference probabilities of the disabled. The preferences vary by trip purpose; for the work trips, accessibility and transit system quality policies with the accompanying impacts of modal shifts towards public mode use as well as the decreasing travel costs, and the trip rate increase; for the social trips, the same accessibility and transit system policies leading to the same mode shift impact, together with the travel quality policy area leading to trip rate increase. These results explain the policies to focus and can be used in scenario generation in models, or any other planning purpose as decision support tool.
Abstract: This research aimed to study employees- perceptions and expectations toward their organization-s corporate social responsibility (CSR), to study the differences between employees- personal factors and level of perceptions and expectations toward CSR, and to study the relationship between employees- perceptions and expectations toward CSR. Purposive sampling and questionnaire were applied to collect information from 400 private company employees in Bangkok metropolitan area. The results revealed that employees had “high" level of perceptions and expectations toward CSR, of which the highest level were given on the area of “corporate governance and transparency". It was found that there was different level of expectations of employees with different period of employment, position and employment (by listed and non-listed companies). Employees of different age and period of employment also had different level of expectations. Employees- perceptions were correlated with their expectations toward CSR.
Abstract: This research presents the development of simulation
modeling for WIP management in semiconductor fabrication.
Manufacturing simulation modeling is needed for productivity
optimization analysis due to the complex process flows involved
more than 35 percent re-entrance processing steps more than 15 times
at same equipment. Furthermore, semiconductor fabrication required
to produce high product mixed with total processing steps varies from
300 to 800 steps and cycle time between 30 to 70 days. Besides the
complexity, expansive wafer cost that potentially impact the
company profits margin once miss due date is another motivation to
explore options to experiment any analysis using simulation
modeling. In this paper, the simulation model is developed using
existing commercial software platform AutoSched AP, with
customized integration with Manufacturing Execution Systems
(MES) and Advanced Productivity Family (APF) for data collections
used to configure the model parameters and data source. Model
parameters such as processing steps cycle time, equipment
performance, handling time, efficiency of operator are collected
through this customization. Once the parameters are validated, few
customizations are made to ensure the prior model is executed. The
accuracy for the simulation model is validated with the actual output
per day for all equipments. The comparison analysis from result of
the simulation model compared to actual for achieved 95 percent
accuracy for 30 days. This model later was used to perform various
what if analysis to understand impacts on cycle time and overall
output. By using this simulation model, complex manufacturing
environment like semiconductor fabrication (fab) now have
alternative source of validation for any new requirements impact
analysis.
Abstract: Although automotive industry has brought different beneficiaries to human life, it is being pointed out as one of the major cause of global air pollution which resulted in climate change, smog, green house gases (GHGs), and human diseases by many reasons. Since auto industry is one of the largest consumers of fossil fuels, the realization of green innovations is becoming a crucial choice to meet the challenges towards sustainable development. Recently, many auto manufacturers have embarked on green technology initiatives to gain a competitive advantage in the global market; however, innovative manufacturing systems and technologies can enhance operational performance only if the human resource management is in place to elicit the motivation of the employees and develop their organizational expertise. No organization can perform at peak levels unless each employee is committed to the company goals and works as an effective team member. Strategic human resource practices are the primary means by which firms can shape the skills, attitudes, and behavior of individuals to align with the business strategic objectives. This study investigates on the comprehensive approach of multiple advanced technology innovations and human resource management at Toyota Motor Corporation as the market leader of full hybrid technology in the automotive industry. Then, HRM framework of the company is described and three sets of human resource practices that support the innovation-oriented HR system, presented. Finally, a conceptual framework for innovativeness in green technology in automotive industry by applying a deliberate strategic HR management system and knowledge management with the intervening factors of organizational culture, knowledge application and knowledge sharing is proposed.
Abstract: The logistical requirements placed on industrial manufacturing companies are steadily increasing. In order to meet those requirements, a consistent and efficient concept is necessary for production control. Set up properly, production control offers considerable potential with respect to achieving the logistical targets. As experience with the many production control methods already in existence and their compatibility is, however, often inadequate, this article describes a systematic approach to the configuration of production control based on the Lödding model. This model enables production control to be set up individually to suit a company and the requirements. It therefore permits today-s demands regarding logistical performance to be met.
Abstract: In this paper the Analytic Network Process (ANP) is
applied to the selection of photovoltaic (PV) solar power projects.
These projects follow a long management and execution process
from plant site selection to plant start-up. As a consequence, there are
many risks of time delays and even of project stoppage.
In the case study presented in this paper a top manager of an
important Spanish company that operates in the power market has to
decide on the best PV project (from four alternative projects) to
invest based on risk minimization. The manager identified 50 project
execution delay and/or stoppage risks.
The influences among elements of the network (groups of risks
and alternatives) were identified and analyzed using the ANP
multicriteria decision analysis method. After analyzing the results the
main conclusion is that the network model can manage all the
information of the real-world problem and thus it is a decision
analysis model recommended by the authors. The strengths and
weaknesses ANP as a multicriteria decision analysis tool are also
described in the paper.
Abstract: Reinforced Concrete (RC) structures strengthened
with fiber reinforced polymer (FRP) lack in thermal resistance under
elevated temperatures in the event of fire. This phenomenon led to
the lining of strengthened concrete with thin high performance
cementitious composites (THPCC) to protect the substrate against
elevated temperature. Elevated temperature effects on THPCC, based
on different cementitious materials have been studied in the past but
high-alumina cement (HAC)-based THPCC have not been well
characterized. This research study will focus on the THPCC based on
HAC replaced by 60%, 70%, 80% and 85% of ground granulated
blast furnace slag (GGBS). Samples were evaluated by the
measurement of their mechanical strength (28 & 56 days of curing)
after exposed to 400°C, 600°C and 28°C of room temperature for
comparison and corroborated by their microstructure study. Results
showed that among all mixtures, the mix containing only HAC
showed the highest compressive strength after exposed to 600°C as
compared to other mixtures. However, the tensile strength of THPCC
made of HAC and 60% GGBS content was comparable to the
THPCC with HAC only after exposed to 600°C. Field emission
scanning electron microscopy (FESEM) images of THPCC
accompanying Energy Dispersive X-ray (EDX) microanalysis
revealed that the microstructure deteriorated considerably after
exposure to elevated temperatures which led to the decrease in
mechanical strength.
Abstract: This paper explores the plant maintenance management system that has been used by giant oil and gas company in Malaysia. The system also called as PMMS used to manage the upstream operations for more than 100 plants of the case study company. Moreover, from the observations, focus group discussion with PMMS personnel and application through simulation (SAP R/3), the paper reviews the step-by-step approach and the elements that required for the PMMS. The findings show that the PMMS integrates the overall business strategy in upstream operations that consist of asset management, work management and performance management. In addition, PMMS roles are to help operations personnel organize and plan their daily activities, to improve productivity and reduce equipment downtime and to help operations management analyze the facilities and create performance, and to provide and maintain the operational effectiveness of the facilities.
Abstract: Six Sigma is a well known discipline that reduces
variation using complex statistical tools and the DMAIC model. By
integrating Goldratts-s Theory of Constraints, the Five Focusing
Points and System Thinking tools, Six Sigma projects can be selected
where it can cause more impact in the company. This research
defines an integrated model of six sigma and constraint management
that shows a step-by-step guide using the original methodologies
from each discipline and is evaluated in a case study from the
production line of a Automobile engine monoblock V8, resulting in
an increase in the line capacity from 18.7 pieces per hour to 22.4
pieces per hour, a reduction of 60% of Work-In-Process and a
variation decrease of 0.73%.
Abstract: Mixed model assembly lines (MMAL) are a type of
production line where a variety of product models similar in product
characteristics are assembled. The effective design of these lines
requires that schedule for assembling the different products is
determined. In this paper we tried to fit the sequencing problem with
the main characteristics of make to order (MTO) environment. The
problem solved in this paper is a multiple objective sequencing
problem in mixed model assembly lines sequencing using weighted
Sum Method (WSM) using GAMS software for small problem and
an effective GA for large scale problems because of the nature of
NP-hardness of our problem and vast time consume to find the
optimum solution in large problems. In this problem three practically
important objectives are minimizing: total utility work, keeping a
constant production rate variation, and minimizing earliness and
tardiness cost which consider the priority of each customer and
different due date which is a real situation in mixed model assembly
lines and it is the first time we consider different attribute to
prioritize the customers which help the company to reduce the cost of
earliness and tardiness. This mechanism is a way to apply an advance
available to promise (ATP) in mixed model assembly line sequencing
which is the main contribution of this paper.
Abstract: The main purpose of this paper is to research on the
methodologies of BYD to implement the opportune innovation. BYD
is a Chinese company which has the IT component manufacture, the
rechargeable battery and the automobile businesses. The paper deals
with the innovation methodology as the same as the IPR management
BYD implements in order to obtain the rapid growth of technology
development with the reasonable cost of money and time.
Abstract: This research presents a fuzzy multi-objective model
for a machine selection problem in a flexible manufacturing system
of a tire company. Two main objectives are minimization of an
average machine error and minimization of the total setup time.
Conventionally, the working team uses trial and error in selecting a
pressing machine for each task due to the complexity and constraints
of the problem. So, both objectives may not satisfy. Moreover, trial
and error takes a lot of time to get the final decision. Therefore, in
this research preemptive fuzzy goal programming model is developed
for solving this multi-objective problem. The proposed model can
obtain the appropriate results that the Decision Making (DM) is
satisfied for both objectives. Besides, alternative choice can be easily
generated by varying the satisfaction level. Additionally, decision
time can be reduced by using the model, which includes all
constraints of the system to generate the solutions. A numerical
example is also illustrated to show the effectiveness of the proposed
model.
Abstract: Under the limitation of investment budget, a utility
company is required to maximize the utilization of their existing
assets during their life cycle satisfying both engineering and financial
requirements. However, utility does not have knowledge about the
status of each asset in the portfolio neither in terms of technical nor
financial values. This paper presents a knowledge based model for
the utility companies in order to make an optimal decision on power
transformer with their utilization. CommonKADS methodology, a
structured development for knowledge and expertise representation,
is utilized for designing and developing knowledge based model. A
case study of One MVA power transformer of Nepal Electricity
Authority is presented. The results show that the reusable knowledge
can be categorized, modeled and utilized within the utility company
using the proposed methodologies. Moreover, the results depict that
utility company can achieve both engineering and financial benefits
from its utilization.
Abstract: To overcome the product overload of Internet
shoppers, we introduce a semantic recommendation procedure which
is more efficient when applied to Internet shopping malls. The
suggested procedure recommends the semantic products to the
customers and is originally based on Web usage mining, product
classification, association rule mining, and frequently purchasing.
We applied the procedure to the data set of MovieLens Company for
performance evaluation, and some experimental results are provided.
The experimental results have shown superior performance in
terms of coverage and precision.
Abstract: Quality costs are the costs associated with preventing,
finding, and correcting defective work. Since the main language of
corporate management is money, quality-related costs act as means of
communication between the staff of quality engineering departments
and the company managers. The objective of quality engineering is to
minimize the total quality cost across the life of product. Quality
costs provide a benchmark against which improvement can be
measured over time. It provides a rupee-based report on quality
improvement efforts. It is an effective tool to identify, prioritize and
select quality improvement projects. After reviewing through the
literature it was noticed that a simplified methodology for data
collection of quality cost in a manufacturing industry was required.
The quantified standard methodology is proposed for collecting data
of various elements of quality cost categories for manufacturing
industry. Also in the light of research carried out so far, it is felt
necessary to standardise cost elements in each of the prevention,
appraisal, internal failure and external failure costs. . Here an attempt
is made to standardise the various cost elements applicable to
manufacturing industry and data is collected by using the proposed
quantified methodology. This paper discusses the case study carried
in luggage manufacturing industry.
Abstract: The main aim of this study is to identify the most
influential variables that cause defects on the items produced by a
casting company located in Turkey. To this end, one of the items
produced by the company with high defective percentage rates is
selected. Two approaches-the regression analysis and decision treesare
used to model the relationship between process parameters and
defect types. Although logistic regression models failed, decision tree
model gives meaningful results. Based on these results, it can be
claimed that the decision tree approach is a promising technique for
determining the most important process variables.
Abstract: Understanding the number of people and the flow of
the persons is useful for efficient promotion of the institution
managements and company-s sales improvements. This paper
introduces an automated method for counting passerby using virtualvertical
measurement lines. The process of recognizing a passerby is
carried out using an image sequence obtained from the USB camera.
Space-time image is representing the human regions which are
treated using the segmentation process. To handle the problem of
mismatching, different color space are used to perform the template
matching which chose automatically the best matching to determine
passerby direction and speed. A relation between passerby speed and
the human-pixel area is used to distinguish one or two passersby. In
the experiment, the camera is fixed at the entrance door of the hall in
a side viewing position. Finally, experimental results verify the
effectiveness of the presented method by correctly detecting and
successfully counting them in order to direction with accuracy of
97%.
Abstract: Measurement and the following evaluation of
performance represent important part of management. The paper
focuses on indicators as the basic elements of performance
measurement system. It emphasizes a necessity of searching
requirements for quality indicators so that they can become part of
the useful system. It introduces standpoints for a systematic dividing
of indicators so that they have as high as possible informative value
of background sources for searching, analysis, designing and using of
indicators. It draws attention to requirements for indicators' quality
and at the same it deals with some dangers decreasing indicator's
informative value. It submits a draft of questions that should be
answered at the construction of indicator. It is obvious that particular
indicators need to be defined exactly to stimulate the desired
behavior in order to attain expected results. In the enclosure a
concrete example of the defined indicator in the concrete conditions
of a small firm is given. The authors of the paper pay attention to the
fact that a quality indicator makes it possible to get to the basic
causes of the problem and include the established facts into the
company information system. At the same time they emphasize that
developing of a quality indicator is a prerequisite for the utilization
of the system of measurement in management.