Browsing by Author "Chanasit Thanathawee"
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    Applying an EOQ model to reduce an inventory cost
    (Assumption University Press, 2017) Russarin Jiraruttrakul ; Srobol Smutkupt ; Wasana Marksin ; Liang, Liu ; Chanasit Thanathawee ; Assumption University. Martin de Tours School of Management and Economics
    This research study applies an EOQ model (Economic Order Quantity) to reduce an inventory cost. The focus ABC Company is a Beer Importer in Thailand. It faced the problem of high inventory cost and lackluster inventory management. The root cause was that the Company had no standardized ordering process, which meant a high cost of carrying excess inventory, or having too little to meet demand. It also meant paying a high storage charge. The EOQ Model was proposed, to make substantial improvements. Historical inventory stock data for years 2014 and 2015 shows that the ABC Company had low stock at the end of 2014, which meant the company was not able to fulfill customer demand. Conversely, it had excess stock at the end of 2015 which increased the carrying cost until the product moved from the warehouse (the internal supply chain) on to customers in the external supply chain. The researchers collected historical data from June 2015 to May 2016 (twelve months) to compute and simulate in the EOQ model, thus identifying the re-order point and safety stock, in order to find the optimal order quantity for inventory. This enabled the identification of appropriate inventory levels and buffer stock until arrival of the next shipment. The driving objective of this research was to gain cost savings through an efficient inventory management system. After simulation with the EOQ model, the result indicates that the ABC Company can accomplish cost savings amounting to 50% of the old annual inventory cost. Therefore, the ABC Company should implement the tested EOQ model and its re-order points, to achieve the ultimate aim of improving customer satisfaction, through buying the optimal order quantity, achieving appropriate inventory levels, and minimizing inventory cost.
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    Delivery performance improvement: a case of a secure logistics provider
    (Assumption University Press, 2016) Ryothatch Bhusithipatkool ; Chanasit Thanathawee ; Orawee Thongkam
    The need for Secure Logistics Providers is concerned with outsourcing logistics which is focused on the expected safe delivery of valuable products. Delivery in Full and on Time is the major concern, as customers expect to receive their goods on tive especially before noon (on the same date of flight arrival). The focus firm is ABC Logistics Company. Its KPI is set at 95% effectiveness for a morning flight arrival, but this standard was not being achieved. This research project's purpose, therefore, is to identify improved delivery performance of shipments which arrive before 7.30 AM. First, data of import shipments during January-December 2014 and January-April 2015 is collated. Second, the current import process is analyzed. Third is identifying factors which are controllable and uncontrollable, with the focus then on the controllable factors. To eliminate these factors, shipment consolidation is the first chosen alternative. Combining various shipments with various Master Air Way Bills at origin into one, helps reduce the process time. A Review and Revision of the training procedure is the second chosen alternative, to improve the sorting skills. The implementation period of May-December 2015 increased the effectiveness to 95% compared to the same period in 2014 which was only 72% which shows that the chosen alternatives worked well.
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    The factors influencing the success of Railway transportation: a case study of China Railway Express
    (Assumption University Press, 2019) Guo, Jing ; Chanasit Thanathawee
    In The Belt and Road Initiative, China Railway Express is an international railway containertransportation project, which promotes the development of trade and related industries in thecountries along The Belt and Road Initiative. In the development of China Railway Express, itstill has some problems that are barriers to its development, such as vicious competition androutes overlap. The objective of this research is to find the priority factors that influence thedevelopment and success of China Railway Express and present the developmentcountermeasures and suggestions to China Railway Express. In this research, the authorapplied the Analytic Hierarchy Process to measure and find the priority factors. According tothe development status of China Railway Express, the author found the factors that related to railway transportation from the literature. Then, the author designed the questionnaire by these factors. According to the data collection results, the author measured the factors’importance degree by factors’ weight. The factors that have high weights are priority factors,which have a significant effect on the success and development of China Railway Express. Based on these priority factors, the author proposed the development countermeasures to China Railway Express, which can be the reference to the decision-makers. The author hopesthat government should propose suitable policies for China Railway Express to improve thecurrent weakness parts to get great development and make China Railway Express a remarkable success.
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    The firm's characteristics, corporate governance and dividend payment : evidence from nonfinancial firms listed in Thailand during 2001 to 2010
    (Assumption University, 2013) Chanasit Thanathawee ; Assumption University. Martin de Tours School of Management and Economics
    Studies conducted in developed countries have dominated the literature on the detenninants of dividend payment. Nonetheless, there is much variation in corporate governance between developed and developing countries. The primary objective of this study is to explore the effect of firm characteristics and corporate governance factors on dividend payment in Thailand. The conceptual model in this study integrates important elements which affect the dividend payment, testing firms listed on the Stock Ex- change of Thailand (SET) between 2001 and 20 I 0, using 1,525 observations. Results indicate that there are four independent variables which influence dividend payment, consisting of three firm characteristics variables and one corporate governance variable. The results of this study provide benefits to two main parties, the investors and the management involved in the payment of dividends in the company. Basi- cally, investors would be able to select stocks which meet their criteria if they know the factors which influence dividend payment. Moreover, the management teams can attract value stock investors by maintaining the factors influencing high dividend payment