Search results
1 – 10 of over 1000Abstract
Details
Keywords
Vincent McLean and Adam D. Reiman
Aircraft fail to meet mission capable rate goals due to a lack of supply of aircraft parts in inventory where the aircraft breaks. This triggers an order at the repair location…
Abstract
Purpose
Aircraft fail to meet mission capable rate goals due to a lack of supply of aircraft parts in inventory where the aircraft breaks. This triggers an order at the repair location. To maximize mission capable rate, the time from order to delivery needs to be minimized. The purpose of this research is to examine the case of three airfields for the order to delivery time of mission critical aircraft parts for a specific aircraft type.
Design/methodology/approach
This research captured data from three information systems to assess the order fulfillment process. The data were analyzed to determine the performance in fiscal year 2020. Using the model of that performance, the cost of reducing transportation times using publicly available commercial cost estimates was assessed against the impact on aircraft availability.
Findings
The results indicate that paying the costs for expedited shipping would have increased aircraft availability by 1.09 times the average annual aircraft flying hours for the three cases. The cost for the equivalent of an additional aircraft for the year was a third of the annual straight-line depreciation for that aircraft type.
Research limitations/implications
This research assumed that the transportation time service levels publicly posted could be achieved. The weight of each mission critical part was not available, so the weight was selected from a probability distribution of mission critical part weights that was retrieved from prior research. This research provides options to enhance aircraft availability and identifies the associated costs.
Practical implications
Adjusting the contract with transportation providers to reduce the transportation times of mission critical parts could have a large impact on aircraft availability at relatively little cost.
Social implications
This research could enhance aircraft readiness in service of the common defense.
Originality/value
This research provides an effective methodology for enhancing military readiness through contract adjustments with commercial partners. The value of this research is that it will serve to adjust the value proposition of mission critical parts inside the United States Transportation Command’s Next Generation Delivery Service contract.
Details
Keywords
Due to the growing percentage share of urban dwellers, the physical distribution of products faces altering conditions. This research explores the effects that urbanization has on…
Abstract
Purpose
Due to the growing percentage share of urban dwellers, the physical distribution of products faces altering conditions. This research explores the effects that urbanization has on the performance of a fast-moving consumer goods distribution network. A focus is set on changes in distribution cost, the cost-minimal network design, and greenhouse gas emissions.
Design/methodology/approach
The analyses are based on a quantitative distribution network model of an existing manufacturer of consumer goods.
Findings
The results indicate that the foreseen population shift will affect the network's economic and environmental performance. Effects are, among others, due to differences in the efficiency of supplying urban and nonurban regions. The combined effects of urbanization and the development of the population size will even more affect the network's performance.
Originality/value
Research dealing with distribution logistics and urbanization primarily focuses on city logistics. In this paper, the object of analysis is the entire distribution system.
Details
Keywords
The study aims to explain the relationship between accounting and finance through measuring the effect of rational working capital management on profitability.
Abstract
Purpose
The study aims to explain the relationship between accounting and finance through measuring the effect of rational working capital management on profitability.
Design/methodology/approach
Employing the methodology of semi-structured interviews with sixteen financial managers.
Findings
The findings pointed out the relationship between accounting and finance is complementary, since it supports the accountant by the critical skills and information, like project evaluation, managing the company funding resources and working capital management. These skills put the accountant up to the financial manager stage. The working capital investment and financing policies have the most significant impact on profitability. These policies related to risk and return theory; since the conservative policy will reduce both the risk and return and the aggressive one will have the opposite impact.
Originality/value
It recommends accountants to be in professional stage and increase the profitability of the company to grab both accounting and finance information and skills.
Details
Keywords
Dong-Kyu Kim and Minyoung Park
Sustainable transport has become a new paradigm offering efficient, equitable, and pro-environment transport services. Many intermodal freight systems, especially those for…
Abstract
Sustainable transport has become a new paradigm offering efficient, equitable, and pro-environment transport services. Many intermodal freight systems, especially those for port-to-rail networks, consist of multiple routes starting from and ending at the same port in order to exploit economies of scale. It is of interest to railway operators, therefore, to improve the efficiency of the system by finding the optimal fleet size (the number of cars assigned to a route) and frequency for each route. This paper proposes a model which determines the optimal frequency of each route under the total fleet size constraint for the one-to-many distribution. Trains carry items from one port to their destinations on their predetermined routes. This paper focuses on situations in which items from one port are transported to many destinations via railroads. The tradeoffs between transportation and inventory costs determine optimal frequency under the total fleet size and capacity constraints. The optimal frequency and fleet size of each route are calculated and then updated at the end of each step of the model. The model that we have developed in this paper is validated by port-to-rail freight data from actual shipments in Korea. The results of the analysis show that the proposed model can provide a more reliable and realistic representation of the real one-to-many distribution than the other alternatives which are commonly used. This study not only forms the theoretical basis of an effective and rational freight operation, but it also contributes to the assessment of the existing and planned logistics systems.
Details
Keywords
Horst Treiblmaier, Kristijan Mirkovski, Paul Benjamin Lowry and Zach G. Zacharia
The physical internet (PI) is an emerging logistics and supply chain management (SCM) concept that draws on different technologies and areas of research, such as the Internet of…
Abstract
Purpose
The physical internet (PI) is an emerging logistics and supply chain management (SCM) concept that draws on different technologies and areas of research, such as the Internet of Things (IoT) and key performance indicators, with the purpose of revolutionizing existing logistics and SCM practices. The growing literature on the PI and its noteworthy potential to be a disruptive innovation in the logistics industry call for a systematic literature review (SLR), which we conducted that defines the current state of the literature and outlines future research directions and approaches.
Design/methodology/approach
The SLR that was undertaken included journal publications, conference papers and proceedings, book excerpts, industry reports and white papers. We conducted descriptive, citation, thematic and methodological analyses to understand the evolution of PI literature.
Findings
Based on the literature review and analyses, we proposed a comprehensive framework that structures the PI domain and outlines future directions for logistics and SCM researchers.
Research limitations/implications
Our research findings are limited by the relatively low number of journal publications, as the PI is a new field of inquiry that is composed primarily of conference papers and proceedings.
Originality/value
The proposed PI-based framework identifies seven PI themes, including the respective facilitators and barriers, which can inform researchers and practitioners on future potentially disruptive SC strategies.
Details
Keywords