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1.Gaming Analysis of Tripartite Main Body in Logistics Financial

Author: YANG Juan, LIU Juanjuan
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: logistics financial, rent-seeking, game analysis, corresponding solutions
Abstract: Logistics financial is a form of cooperation which is established by the Small and medium-sized enterprises (SMEs), third-party logistics enterprises and financial institutions , during the cooperation , each main body in logistics financial take corresponding actions from their own interests , there are rent-seeking motives between SMEs and third-party logistics enterprises. This article has established the gambling model between tripartite main body by applying game theory's method, and analyzed the result of game model, then put forward the corresponding solutions of the financial institutions and government.

2.Optimal Payment Time for a Retailer Under Two Levels of Delay of Payment

Author: HU Cuihong
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: delay payment, cash discount, retailer
Abstract: The retailer is usually allowed a permissible credit period to pay back the dues without paying any interest to the wholesaler,and the customer is usually allowed a permissible credit period to pay back the dues without paying any interest to the retailer too.In this problem the retailer can pay the wholesaler either at permissible delay fixed by the wholesaler in settling the account or later, the customer can pay the retailer either at permissible delay fixed by the retailer in settling the account or later too.This research develops a model for optimal payment time for a retailer under the condition of two levels of delay of payment.The model is solved through the total revenue and cost function, indicate that the retailer has always an option to pay after the permissible credit period depending on interest rates, purchase and selling price, and the deterioration rate of the products.The research provides a theoretic basis for retailers to make the optimal time of payment.

3.Appraisal on Productive Efficiency of Logistics Listed Company in China

Author: SUN Ye
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Logistics Listed Company, Productive Efficiency, Appraisal, Data Envelope Analysis
Abstract: This paper has selected 33 logistics listed companies as decision-making units (DMU) and measured their productive efficiency according to data envelope analysis (DEA). The results show that the overall productive efficiency of logistic company is not high. The majority companies’comprehensive efficiency value is lower than 0.5 and their pure technical efficiency value is also on a low level. Only 5 companies are DEA efficient which are on the condition of constant returns to scale. The other companies are non-DEA efficient, which is mainly caused by pure technical non-efficiency. Most of them are on the condition of increasing returns to scale. Therefore, at present, logistic companies should work hard to raise their technical level as well as enhance productive efficiency, meanwhile expand their scale properly to realize economies of scale.

4.Economic Analysis on Development of Marine Insurance in Shanghai

Author: WANG Yun, LIU Juanjuan
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Marine Insurance, Partial Correlations, Economic development
Abstract: This paper studies the relationship between marine insurance and the development of shipping, finance and regional economy based on statistics. We use the quantitative analysis method, partial correlations method, to find out the key factors in local marine insurance development. Though the analysis we conclude that Shanghai has advantages in such key factors as property insurance development and cargo handling capacity. These advantages should help Shanghai to develop marine insurance most effectively, strengthen the link between international shipping and finance development, and continuously promote the local economic development. Finally, the paper suggests high-priority development of marine insurance in Shanghai.

5.Supply Chain Bullwhip Effect Simulation Under Different Inventory Strategy

Author: WANG Xiaoyan, HUANG Xiaobo
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Supply chain management; bullwhip effect, system dynamics
Abstract: Bullwhip effect means the magnification of demand fluctuations, which is evident in a supply chain when demand increases and decreases. Different production strategy and inventory strategy can influence the extent of bullwhip effect which is reflected in the change of inventory quantity. This paper discusses the bullwhip effect under different production environment and different inventory policy by virtue of system dynamics Research results show that the longer the leading time, the longer the inventory adjustment, and the longer the smoothing time; Under MTS production environment situation, the smoothing time in (s, S) inventory strategy is shorter than in VMI inventory strategy and fluctuation range of VMI is lower than of (s, S). These researches verify the relation between variables and understand the consequences of decisions for the policy reference in supply chain management.

6.Research on Integral Forecasting of Equipment Materiel Consuming Discipline

Author: WANG Tiening, XU Shengliang, KE Rongbo, JIN Liya
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Equipment materiel, consuming discipline, integral forecasting
Abstract: The progress of technology makes the structure of weapons and equipments more complex. The breed, quantity and amount of equipment materiel get greater than the former general battles. So, it will be sticking point of establishing reasonable inventory standards and stocking strategy that forecasting materiel consuming discipline by rule and line. And it will also be significant to debase the whole inventory, and to increase the support ratio of materiel and to increase the utilizing efficiency of maintenance costs. After analyzing the historical consuming data of equipment materiel, this paper forecasts materiel consuming discipline by unitary method. This method firstly forecasts the nonzero wastage, and then forecasts the wastage of limited time. It forecasts the distributing rule by combine the explaining variable and the self-correlation. And it will be up to the fact of equipment consuming. The precision of forecasting will be more accurate than the Markov Bootstrap method that doesn’t consider the influence of explaining variables.

7.Model and Algorithm of Production Scheduling for the Polyester Fiber

Author: JIN Hui, MIAO Xiaokun, WANG Dongmei
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: polyester fiber, spinpacks, scheduling, integrated optimization
Abstract: This paper considers an industrial scheduling problem. It involves total cost minimization and the determination of the optimal spinpacks replacing cycle time, while meeting the minimum demands for the several products. The study is carried on integrated optimization for the decision of the spinpacks cyclic replacing and the production scheduling of multi-product. A mixed integer linear program (MILP) is presented. The objective function includes the product changeover cost, spinpacks cyclic replacing cost and etc. The resulting MILP can be solved to optimality within reasonable computational time. The effectiveness of the proposed model and methods are verified with the data collected from a real-world manufacturing facility.

8.Effects of Logistics Capabilities on Performance in Manufacturing Firms

Author: LIU Li, LUO Dingti
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Manufacturing firm, Logistics capabilities, Process capability, Flexibility capability, Information integration capability
Abstract: This study, based on a survey of 1000 manufacturing firms in central south, south and central China regions, examines the relationship among logistics capabilities, competitive advantage and firm performance. By exploratory and confirmatory factor analyses, the scale of manufacturing firm’s logistics capabilities is obtained. The results show that logistics capabilities can be conceptualized as a three dimensional construct: process capability, flexibility capability and information integration capability. Furthermore, after testing research hypotheses by LISREL, we find that process, flexibility and information integration capabilities all have significant effects on competitive advantage, and that only process capability has significant effects on firm performance. The implications for our findings are also presented for the improvement of manufacturing firm’s logistics capabilities.

9.Improve the Quality Level of Purchasing Based on Six Sigma

Author: WU Jun, WANG Mengya, ZHANG Lei
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Six Sigma, purchasing process, quality level
Abstract: Purchasing management is a quite important link in the supply chain management. The quality level of the purchasing process would affect the quality level of the supply chain directly. Therefore, improving the level of quality of the purchasing process must be significant for enhancing the quality level of the supply chain. In this paper, Six Sigma approach is applied in purchasing quality management. It uses five steps, called DMAIC defined in Six Sigma, to define, measure, analyze, improve and control the quality of the purchasing process aiming at enhance the quality level of the purchasing process.

10.Multinational Corporation’s Transfer Pricing and Performance Assessment in a Perspective of International Supply Chain

Author: ZHANG Hanjiang, Li Min
Source: Logistics and Supply Chain Research in China - Proceedings of The 3rd International Conference on Logistics and Supply Chain Management 2010, Hunan, CHINA
ISBN: 978-0-9807687-3-2
Index:
Date: 2010-Jul
Keywords: Multinational Corporation, Transfer Pricing, Performance assessment, International supply chain
Abstract: Multinational corporations have been exploiting transfer price to achieve optimum profit worldwide. Therefore, how to choose the right transfer price which could realize the utmost total profit of the corporation has become the academic focus. In a perspective of international supply chain, this paper sets a model of deciding transfer price between a multinational corporation’s two subsidiaries in different countries. The two subsidiaries are considered as an international supply chain, and there’s a domestic supply chain in country A. Two supply chains compete with each other in the country’s same market. Considering not only the market condition but also tax conditions of country A and B, such as income tax, tariff, value added tax, this paper utilizes game theory to solve two supply chains’ competition and finally gets the conclusion: a multinational corporation’s best transfer price is decided by the quantitative relations of two countries’ income tax, tariff and value added tax. Additionally, in specific quantities relations, transfer price could have no impact to increase multinational company’s total profit. This paper has sense in guiding multinational companies to adjust their transfer price to government’s tax conditions.
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