• Title/Summary/Keyword: Commercial Sector

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Study on the Current status and prospects of China aviation industry (중국 항공산업현황 및 전망에 관한 연구)

  • Lee, Ki-Heon;Hwang, Ho-Won;Oh, Young-Jin
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.22 no.1
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    • pp.51-64
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    • 2014
  • According to the prediction of Aviation Industry Corporation of China, in the next 20 years, China will have an increase of 4,583 civilian airliners, including 3,682 jumbo jets and 901 regional aircrafts. Chinese commercial aviation aircraft market will undoubtedly grow rapidly. until the year 2030, China's share of the global aircraft fleet will increase from 9% to 15%. In addition, the business jet market has a huge growing room in the global industry, the deliveries will reach 10,000 units in the next 10 years, and the Chinese market deliveries will reach 23,600 in the next 20 years. China's aviation market, is and will be enormous in the future. It is one of the main engines of economic growth in the field. China's civil aviation transportation is based on dazzling economic development. Air transport is the fastest growing power for the time being. China's aviation sector will have an average annual gross of about 10%, and more likely to continued growing and it is expected to be world's major aviation market around the world. As the result, since one of future the important industries will be emerged, Air policy enforcement and considering the reality of our future prospects for the airline industry presented.

Bank-specific Factors Affecting Non-performing Loans in Developing Countries: Case Study of Indonesia

  • Rachman, Rathria Arrina;Kadarusman, Yohanes Berenika;Anggriono, Kevin;Setiadi, Robertus
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.2
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    • pp.35-42
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    • 2018
  • In recent decades, financial crises in various countries have often been preceded by the rise in non-performing loans (NPLs) in the banks' asset portfolios. The increase in NPLs is proven to have adverse impact on the banking sector so that understanding the determinant of NPLs is immensely crucial to ensure the efficiency and soundness of the overall economy. This study aims to shed light on bank-specific factors that affect loan default problems in developing countries whose banking sectors play a major role in the overall economy. This study analyzes panel data sets of 36 commercial banks listed in the Indonesian Stock Exchange during the period 2008-2015. Applying fixed-effects panel regression model reveals that Indonesian banks' profitability and credit growth negatively influence the number of NPLs. Moreover, banks with higher profitability are proven to have lower NPLs because they can afford adequate credit management practices. Likewise, banks with higher credit growth evidently have lower NPLs in the sense that they demonstrate more specialized lending activity and thus have better credit management systems. These findings imply that, in order to lower loan defaults that can deteriorate banks' asset quality, banks should maintain their level of profitability and increase, rather than decrease, their credit supply to debtors.

Thermodynamic analysis of a combined gas turbine power plant with a solid oxide fuel cell for marine applications

  • Welaya, Yousri M.A.;Mosleh, M.;Ammar, Nader R.
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.5 no.4
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    • pp.529-545
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    • 2013
  • Strong restrictions on emissions from marine power plants (particularly $SO_x$, $NO_x$) will probably be adopted in the near future. In this paper, a combined solid oxide fuel cell (SOFC) and gas turbine fuelled by natural gas is proposed as an attractive option to limit the environmental impact of the marine sector. It includes a study of a heat-recovery system for 18 MW SOFC fuelled by natural gas, to provide the electric power demand onboard commercial vessels. Feasible heat-recovery systems are investigated, taking into account different operating conditions of the combined system. Two types of SOFC are considered, tubular and planar SOFCs, operated with either natural gas or hydrogen fuels. This paper includes a detailed thermodynamic analysis for the combined system. Mass and energy balances are performed, not only for the whole plant but also for each individual component, in order to evaluate the thermal efficiency of the combined cycle. In addition, the effect of using natural gas as a fuel on the fuel cell voltage and performance is investigated. It is found that a high overall efficiency approaching 70% may be achieved with an optimum configuration using SOFC system under pressure. The hybrid system would also reduce emissions, fuel consumption, and improve the total system efficiency.

Industrial R&D Expenditure: Its Determinants and Propensity of Technology Transfer of Top Ten Companies in Malaysia, Singapore and Taiwan

  • Goh, Billy Kian Bing;Yee, Angelina Seow Voon;Kendall, Graham;Chong, Aik Lee
    • Asian Journal of Innovation and Policy
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    • v.6 no.3
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    • pp.354-378
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    • 2017
  • Global research and development (R&D) spending has increased in recent years as the need for new technologies has grown and structural changes in the market have become evident. R&D and its transfer into the commercial sector have an important relationship. This paper analyzes the relationship between industrial R&D expenditure and how it affects technology transfer in Malaysia, Singapore and Taiwan. The research is based on the analysis of secondary data from published annual reports followed by a quantitative analysis of primary data using survey questionnaires. The research finds that the bulk of R&D expenditure was from the top ten organizations and the top five industries for each country. The findings also reveal that an organization's readiness in terms of technology and people capabilities is still weak in Malaysia and Singapore. The findings also indicate that there is a relationship between industrial R&D expenditure and the propensity of technology transfer in Taiwan.

Case Studies and Implications on Development Strategies of International Arbitration Hub in Major Asian Countries: Focused on Singapore and Hong Kong (아시아 중재 선진국의 국제중재 허브 육성전략 사례 분석 및 시사점 - 싱가포르와 홍콩을 중심으로 -)

  • Lee, Sangha;Ha, Choong-Lyong
    • Journal of Arbitration Studies
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    • v.29 no.4
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    • pp.101-120
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    • 2019
  • This study examines the development strategies of the arbitration industry in Singapore and Hong Kong, and its purpose is to provide implications for the development of the arbitration industry in South Korea. The main strategies implemented by Singapore and Hong Kong to develop the arbitration industry are as follows: first, improvement of the arbitration law system; second, active support of the government for promoting the arbitration industry; third, build up of an effective arbitration expert training system; and fourth, an arbitration-friendly attitude of the court. In order for South Korea to become an international arbitration hub in Northeast Asia, it is necessary to refer to the above-mentioned strategies. In addition, South Korea needs to develop marketing strategies that can differentiate itself from Singapore and Hong Kong, such as the development of an arbitration system in connection with the 4th Industrial Revolution, differentiation of the disputes sector, use of geographical advantages and a penetration pricing strategy, and support of the Korean Commercial Arbitration Board. In terms of marketing strategy, there are few studies on the development strategy of the arbitration industry in South Korea. In this respect, this study has academic value and differentiation.

Hadoop Security Technologies and Vulnerability Analysis (하둡 보안 기술과 취약점 분석)

  • Kim, A-Yong;He, Yilun;Kim, Han-Kil;Park, Man-Seub;Jung, Hoe-Kyung
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2013.05a
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    • pp.681-683
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    • 2013
  • And were the prevalence of smartphones is the Big Data era, such as Facebook or Twitter, SNS (Social Network Service) routine is used in the real world. Take advantage of the analysis, and to extract and utilize developed in the Apache Foundation Hadoop (Hadoop) without abandoning the SNS unstructured data here. Hadoop is an open source framework that can handle large amounts of data. Hadoop has been introduced in the domestic corporate and commercial development and Compared to the technology development Hadoop has been pointed out that the lack of security sector. In this paper, we propose a method to enhance the security and vulnerability analysis of security technologies and Hadoop.

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A Methodology of Defense IT Convergence and Case Study (국방IT융합 추진방법론 및 사례 연구)

  • Sim, Seungbae;Jung, Hosang;Yoo, Cheonsoo;Jeong, Bongju
    • Journal of Information Technology Services
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    • v.11 no.sup
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    • pp.17-26
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    • 2012
  • Information technology convergence has been recognized one of the key drivers in the industry perspective. Korea government established IT convergence policy in 2008 and has been implementing it to the core industry such as automotive, shipbuilding and defense industries. This research analyzes various IT convergence issues based on an operation of defense IT convergence center, one of the industry IT convergence centers. Defense IT convergence issues are as follows : the methods for introducing rapid changing IT to military area, rapid deployment procedures of verified commercial technologies and products, regulations for using of domestic software promotion and so on. We define the concept of defense IT convergence and propose the framework and processes for applying IT to our defense sector as one of industries. Also, we establish various business models in the military perspective using defense IT convergence framework. In this paper, we focus the development of defense IT convergence through the alignment of national IT convergence policy and propose various business models established through operating a defense IT convergence center.

A Study on The development status and future of Photovoltaic Urban Project (태양광발전 도시 프로젝트의 개발현황과 발전방향 고찰)

  • Kim, Hyun-Il;Suh, Seung-Jik;Park, Kyung-Eun;Kang, Gi-Hwan;Yu, Gwon-Jong
    • Journal of the Korean Solar Energy Society
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    • v.28 no.6
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    • pp.87-92
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    • 2008
  • Buildings are responsible for approximately 50% of current carbon dioxide emissions. Energy planning at a town and city scale needs a strategic approach, supported by strong planning policies. The purpose of this study was to investigate the urban scale grid-connected photovoltaic(PV) system for urban residential and commercial sector applications. The integration of PV technology into roof of houses is an approach that is being championed in Germany, Japan and United states etc. In the Korea, PV roofing systems already are given the large number of houses which are projected to be built by 2012. However unlike germany and Japan, urban scale grid-connected PV system is not yet installed. The solar city which is installed building-integrated photovoltaic system is available to use of renewable energy sources such as solar to meet demand, instead of fossil fuels, with the goal of realizing an ecologically oriented energy supply.

Voluntary Insurance for Ensuring Risk-Free On-the-Go Banking Services in Market Competition: A Proposal for Bangladesh

  • Rahman, Akim M.
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.1
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    • pp.17-27
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    • 2018
  • In 21st Century business world, services are carried out in multifaceted, competitive and rationality manner that are characterized by evolving many factors, which are often unpredictable. On-the-go banking is a product in financial sector. However, it faces serious pitfalls being it riskiness. Bank customers compete for time-saving options. On contrary, PCBs compete for marginalizing its operating costs for enhancing its revenues. On strategic tactics, PCBs targets city customers in multi-facets including offering incentives for enhanced usages of on-the-go banking. Influencing customer's intention, attitude and behavior in banking, PCBs also offers incentive under market system along with often informational asymmetry. However, it causes exploitation. In most cases customers don't read terms & conditions of services. They don't save contract-copy. These weaknesses cause abuses. Customer faces hidden charges, extra fees, account hacked. Addressing the issue, Voluntary Insurance Option is proposed where PCBs will introduce it as a product of bank-services. Transferring risk away from customer will benefit both PCBs and bank-customers. This product can attract new customers who were on the brink using digital banking but just felt it was too risky. This model can facilitate the parties involved for increasing usage of on-the-go banking-services while customers can maintain optimal utility of usages.

Factors Affecting Job Pursuit Intention in Hotel Industry in Ho Chi Minh, Viet Nam

  • HOANG, Linh Viet;VU, Hieu Minh;NGO, Vu Minh
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.281-290
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    • 2020
  • Given the rise in international tourism and the rapid growth of the Vietnamese economy, the hospitality industry in Ho Chi Minh City, Vietnam's commercial hub, has been facing severe labor shortages due to competition with other fast-growing parts of the economy. These struggles to acquire high-quality employees is strangling future growth and placing new importance on the role of recruitment. To better understand the effectiveness of an organization's recruitment strategy, recruiters need to ascertain the Job Pursuit Intention (JPI) of job seekers to efficiently align an applicant's work notions with the organization's goals. This study aims to investigate the factors impacting on JPI among employees working in the hotel sector in Ho Chi Minh City. Secondary data are from previous studies and primary data are from consultation with 10 experts, group discussions and five in-depths structured interviews with 15 random employees and 302 survey questionnaires with employees working in three five-star hotels. Cronbach's Alpha, EFA, T-Test, ANOVA are used for statistical analysis. The findings show that compensation, career advancement, and work-life balance affect JPI of job seekers, in which compensation is the most influential factor. Furthermore, recommendations for recruiters, further research and limitations of this study have been laid out.