Time： 2010.12.24，Friday
9:00-12:00, 14:00-17:00
Location： New Main Building A1028
Lecture 1：Upgrading practical development to academic research: two research themes
Lecturer：Prof. Yanwen DONG
Department of Industrial System，Cluster of Science and Technology, Fukushima University
Lecturer：
Yanwen DONG is a Professor in the Cluster of Science and Technology at Fukushima University. He received his Bachelor Degree of Engineering in 1982 and a Master Degree of Engineering in 1984 in Industrial Automation Engineering from the University of Science and Technology Beijing, China. He also received his Doctor Degree (Engineering) in 1996 in Industrial Engineering from the Osaka Prefecture University, Japan. He worked in University of Science and Technology Beijing as a lecture from 1984 to 1995 and in Faculty of Economics, Fukushima University as an Associate professor from 1997 to 2004. His current research interests include vehicle routing, production scheduling, data mining, and possibilistic programming.
Abstract：
There are many researchers who have done excellent research and development practically in varieties of companies. However they are often troubled with academic papers. Here, two research themes are introduced, which we are tackling recent years and both of them come from our practical development work or experimental lesson. The first theme is to assess credit score of small business only based on daily transaction data. This theme arose from our work to develop the management information system in a small company. The second theme is to make a statistical investigation of the impact of human factor such as learning and the aptitude of operators on performance of cellular manufacturing. This theme arose from the experimental lesson entitled as Industrial System Laboratory offered to the students in Fukushima University. We summarize the main results reached up to now and then show the issues to be addressed more deeply.
Lecture 2：Introduction on my academic and cooperated researches
Lecturer：Prof. Ikou Kaku
Department of Management Science and Engineering, Akita Prefectural University
Lecturer：
Ikou KAKU is a Professor in Department of Management Science and Engineering, Akita Prefectural University. He received the Ph. D. Degree from the Department of Management Science and Engineering at Tokyo Institute of Technology in 1988. He has extensive experiences in software design and optimization methods of manufacturing systems. He had worked for two Japanese venture companies ten years ago as technical CEO of Q&D programs. His teaching and research interests include industrial engineering, human factors and operations management. His current researches include data mining techniques and their application in inventory management and scheduling, Meta-algorithms for general multi level lot sizing problem and mathematical models and algorithms of cellular manufacturing.
Abstract：
I would like to introduce three research themes in which I have cooperated with several researchers in BUAA and hope you are interesting on them, then join in our research group. (1) Data mining techniques and their application in inventory management and scheduling, it is my life research. (2) Meta-algorithms for general multi level lot sizing problem, a bench mark for calculating algorithms. (3) Mathematical models and algorithms of cellular manufacturing, a new Japanese production innovation, a cooperating research work with professor Yin yong and Professor Tang jiafu. I will give a detail presentation to explain those researches.
Lecture 3：Achieving lean and agile manufacturing simultaneously by using seru: a 21st century manufacturing philosophy
Lecturer：Associate Prof. Yong Yin
Department of Economics and Business Management, Yamagata University
Lecturer：
Yong Yin is an Associate Professor at Department of Economics and Business Management, Yamagata University. He received the Doctor of Business Administration (DBA) degree from Tohoku University in 2002. His research areas are as follows.
（1）Seru, cellular, lean, agile production
（2）Operational strategy
（3）Product development - modular and integral products
Topic：
By using cases of Sony, Canon, Samsung, the author will introduce how to achieve lean and agile manufacturing simultaneously by using a new manufacturing system: seru. The Toyota production system (TPS) or lean has long been regarded as a powerful approach for managing manufacturing factories. However, in the early 1990s, the TPS was found not to work when it was applied to Japanese electronics companies. TPS is fit for a stable, but not volatile, business environment such as that which the electronics industry belongs. This volatile environment can be described as one with short product life cycles, uncertain product types, and fluctuating production volumes (sometimes mass, sometimes batch, and sometimes very small volumes.)
Seru, a new production organization, was developed to cope with this environment. Many leading global companies such as Samsung, Sony, Canon, Panasonic, LG, and Fujitsu have adopted seru. Seru overcame a lot of disadvantages inherent in TPS and brought amazing benefits to seru users. For example, profits of Canon Electronics skyrocketed, up 973% over 6 years. Sony reduced 36,856 work positions, nearly 1/4 of its previous total workforce. Similarly, Canon cut 35,976 positions, more than 1/4 of its previous total workforce. Canon and Sony saved 720,000 and 710,000 square meters of work space, respectively.
Seru is still largely unknown outside Japan. I will introduce seru’s history and defines various seru types. The evolutionary process of developing serus is described by using industry cases. A seru pyramid is constructed to compare seru with the TPS. I will show why applying it can bring great productivity, efficiency, and flexibility to a production organization.
Lecture 4：Challenging issues in two kinds of financial markets
Lecturer：Prof. Chunhui Xu
Department of Risk Science in Finance and Management, Chiba Institute of Technology
Lecturer：
Chunhui Xu is a professor of finance and management. He received his bachelor, master degree and Ph.D from Huazhong University of Science and Technology (China). He got another doctoral degree from the Tokyo Institute of Technology in 1995 (Japan), and worked in Harvard University as a postdoctoral research fellow before joining CIT.
His research interests cover the following areas:
1) Risk measure and control in financial markets, portfolio management, financial products design and pricing.
2) Methods for solving complicated optimization models.
3) Decision in uncertain and conflicting environment.
Abstract：
Financial product suppliers have been the leader in financial market for centuries, customers were just followers, although customers’ interest was not ignored, and there developed many theories for helping customers in the market. This talk first overviews the evolution history of financial market and the related financial theories, then argues that the main concern in financial market is shifting, from focusing on the interest of suppliers to that of customers.
In traditional financial theories, three key phrases are pricing, risk decentralization and risk hedging. Pricing theories are for setting reasonable prices for financial products, including traditional products and derivatives, while theories for risk decentralization and hedging, including modern portfolio theory and theories of derivatives, are for helping the weak in the market. Our work in this framework has been focused on portfolio management.
When customers play a leading role, customer satisfaction is the main concern, how to design a product to best meet customers’ need is the key issue. Related topics include customer requirement analysis, modeling of financial product design problem, and model solution methods. Our work is now focusing on the design of structured products.
School of Economics & Management
2010.12.20
