Annals of Business Administrative Science (Dec 2020)

Managing the interdependence among successive stages of production in steel industry

  • Sungwoo Byun

DOI
https://doi.org/10.7880/abas.0201111a
Journal volume & issue
Vol. 19, no. 6
pp. 293 – 305

Abstract

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Only a small portion out of –200 steel-makers in the world can produce high-grade steel such as hot-dip galvanized steel sheets and directional electrical steel sheets. For equipment-related industry such as steel industry, technical knowledge is embodied in their equipment; thus, technology transfer and catch-up are somewhat easy. However, for high-grade steel production, steel-makers in emerging countries equipped with large-scale capital investment and state-of-the-art equipment capital investment continued to struggle. The reason for this is when a new process is added to the existing process and not just the added process, the operational parameters of all processes must be coordinated. Thus, when a number of processes increases, it leads to a massive number of combinations of operational parameters to be coordinated, thus requiring time to acquire knowledge patterns.

Keywords