• Title/Summary/Keyword: Economic Sustainability

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The effect of nanoparticles on the economics study of railway logistics transport based on mathematical model

  • Yanlong Zhao;Mohsen Nasihatgozar;F. Ming
    • Advances in nano research
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    • v.16 no.5
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    • pp.521-529
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    • 2024
  • The integration of nanoparticles into various industries has spurred interest in understanding their impact on logistics and transportation systems. In this study, we investigate the effect of nanoparticles on the economic aspects of railway logistics transport using a mathematical model. By incorporating factors such as transportation costs, time efficiency, and environmental considerations, we aim to assess the overall economic feasibility of integrating nanoparticles into railway logistics operations. Through mathematical modeling and analysis, we explore how the introduction of nanoparticles affects cost-benefit analyses, resource allocation, and decision-making processes within railway logistics. Our findings provide valuable insights into the economic implications of nanoparticle integration in railway transport, offering potential strategies for optimizing logistics operations and enhancing overall efficiency and sustainability.

Analysis of Important Factors for Sustainable Fishing Village Development (지속가능한 어촌마을 개발을 위한 중요 요소 분석)

  • Lee, Chan;Park, Ji-Hoon;Kang, Hyun-Kyung
    • Journal of Korean Society of Rural Planning
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    • v.26 no.1
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    • pp.23-38
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    • 2020
  • This study is aimed at the deduction of the important priority factors by setting the comprehensive rate in each of the economy, sociability and environmental areas for the sustainable development of fishing villages. As the research methods, review of domestic and overseas literature and Delphi questionnaire survey on experts, and hierarchical structure analysis were executed. Accordingly, this study is aimed at providing the basic data at the time of establishing plans by assessing the level of importance and priorities for each item through the deduction of the elements necessary for the fishing village plan. Key results of the study are as follows. First, as the results of review of domestic and overseas literature related to sustainability indices of fishing villages, a total of 50 items in the areas of economy, sociability and environment were deduced. Second, validity for each area was confirmed through Delphi questionnaire survey on experts. Third, as the results of factor analysis conducted on the basis of the hierarchical structure analysis for detailed items for each sector, 3 factors in the economic area, 2 factors in the social area and 3 factors in environment area were deduced. Fourth, as the results of the relative importance of the higher tiers, economic sector (0.528) displayed results that are more than 2 times higher than the social (0.261) and environmental (0.212) sectors. Establishment of foundation for independent competition (0.105), balanced development of small fishing village (0.086) and population engaged in economic activities in comparison to the fishing village population (0.077) were analyzed as the most important detailed items. Based on these results, experts pointed out that the economic sector is most important for the sustainable development of fishing village and, in detail, priority must be placed on the balanced development on the basis if the extent of independence of the fishing villages, and emphasized activation of residents engaged in economic activities in fishing villages in order to support them. That is, in order to increase the level of independence of the fishing villages, it was determined that there is a dire needs for expansion of diversified specialized businesses and infrastructural facilities through agreement by the residents capable of economic activities, and means of activating fishing villages through securing of budget at the local autonomous government level to provide support for the residents.

Definition of Success According to Women Entrepreneur in Malang, Indonesia

  • PRAJAWATI, Maretha Ika;WAHJOEDI, Wahjoedi;WAHYONO, Hari;SUNARYANTO, Sunaryanto
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.747-753
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    • 2020
  • This study aims to interpret the meaning of a successful entrepreneur from the perspective of women entrepreneurs in Malang, Indonesia. This research offers a phenomenological approach using purposive sampling. Data was collected by in-depth interviews using structured questionnaire with registered women entrepreneurs in Malang obtained from MSMEs (micro small and medium-sized enterprises) entrepreneurs. The 'continually developing' is one of the meanings of a successful entrepreneur. This study also found that success is when what women do can be useful to others. Besides, the meaning of success has two criteria, i.e., when they can meet their needs (individual satisfaction) and social performance as a goal to be achieved by entrepreneurs. The motivation of women entrepreneurs to establish their venture was not only financial returns, but also personal satisfaction, which was also the indicator of entrepreneurial success for women. This study has several limitations. First, our sample size is too small and consists of entrepreneurs that have an average age above 40 years. Hopefully, further research will be able to generalize our findings to a broader sample in various industries outside the city of Malang. As our research shows, the criteria and meaning of success may be different for a larger sample of entrepreneurs.

The Effect of Economic Openness on Multifactor Productivity: Empirical Evidence from Selected Asian Countries

  • ABIDIN, Noorazeela Zainol;BASRI, Nurliyana Mohd;RASHID, Intan Maizura Abd;SULAIMAN, Nor Fatimah Che
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.75-83
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    • 2021
  • Variation in demand, natural resource availability, and technological advancement within a country are the main reasons for necessitating export and import activities between nations. Accordingly, this paper aims to analyze the effect of economic openness on Multifactor Productivity (MFP) in selected Asian countries (Vietnam, Thailand, The Philippines, Indonesia, Cambodia, China, Japan, Malaysia, South Korea, and Singapore) based on data for the period 1990-2018. The analysis conducted in the study employed the panel ARDL approach based on the estimation by Pooled Mean Group (PMG), Mean Group (MG), and Dynamic Fixed Effect (DFE). The Hausman test conducted indicates that the PMG estimation is better than that of MG and DFE since it has a higher variability value than the significance value. The results revealed that economic openness is able to elicit significant and positive effects on short-term and long-term MFP growth. In addition, the study established that other variable, such as the number of schooling years, are also able to produce a positive and significant effect on MFP growth in the long term. Since economic openness can impact MFP growth, every country should thus increase its export activities through more capital and worker inputs that will stimulate greater production.

Introduction of Service Science for Sustainable Development (지속가능발전을 위한 서비스학의 도입)

  • Yeom, Baehoon;Kim, Hyunsoo
    • Journal of Service Research and Studies
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    • v.7 no.1
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    • pp.27-40
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    • 2017
  • Humanity's sustainability issues have long been discussed, and the World Commission on Environment and Development (WCED) in 1987 proposed the concept of sustainable development and became a global issue. In September 2015, we announced the latest goals for sustainable development at the UN's 70th General Assembly to address social problems and achieve mature economic growth. In order to achieve social, economic and environmental sustainability goals, parallel development of various disciplines is required. However, existing disciplines are limited in supporting sustainable development due to inherent nature. This study proposes to revitalize service science research as a way to overcome limitations of existing studies, and suggests that sustainable development goals can be achieved through convergence with service science and existing disciplines. Modern economic societies need the evolutionary development of individual disciplines because the paradigm shifts from the existing tangible environment to the intangible environment, the boundary between industries is dismantled, and the boundaries between disciplines disappear. In particular, sustainable development goals require a convergent approach, so convergence service science research is useful. In this study, we analyze economics, business administration, pedagogy, sociology which are representative of related to sustainable development and suggest the necessity of introduction of service science. Through this study, the development of service science and interdisciplinary research in existing academic fields will be activated.

A Study on the Sustainability of Ports : the Case of SuPorts and PPRISM (항만의 지속가능성 측정 요인에 관한 사례연구 : SuPorts와 PPRISM 사례를 중심으로)

  • Lee, Joo-Ho;Kim, Sang-Youl;Jang, Hyun-Mi
    • Journal of Navigation and Port Research
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    • v.40 no.6
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    • pp.413-420
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    • 2016
  • Seaports are economically significant infrastructures in terms of dealing with more than 90% of the cargo volume in Korea's international trade. Furthermore, investment costs for constructing ports and the impacts of port industry on national competitiveness lead to the necessity for sustainable port operation. However, the earlier studies dealing with competitiveness and sustainability of the port sector focused on its logistical functions related to port size, operational efficiency, etc. Port competitiveness that considers local community and ecological values as well as the expectations and demands of port users is becoming an important issue in order for ports to cope with volatile external environments while maintaining competitiveness. Therefore, it is necessary to identify port performance indicators and measure their performance in terms of the environmental and social perspectives, as well as the economic perspectives, in order to sustain port development and operations. This paper presents findings from case analyses of SuPorts and PPRISM projects that assist European Union (EU) ports to secure sustainable competitiveness while respecting economic, environmental and social interests between ports and local communities. These projects create port performance indicators with balanced views including not only economic value but also environmental and social values. They measure port performance so port operators can implement these sustainable port practices. This study aims to find the critical factors for sustainable port practices by conducting case analyses of SuPorts and PPRISM projects.

Benefit-Cost Analysis and Sustainability of National Pension (국민연금의 수급부담구조분석과 지속가능성)

  • Kim, Seongyong;Bang, Junho;Park, Yousung
    • The Korean Journal of Applied Statistics
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    • v.28 no.4
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    • pp.603-620
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    • 2015
  • The National Pension of Korea is a public social security system designed to alleviate social risks and poverty that has had a major impact on the quality of life for the aging population. However, a rapidly aging population and low fertility threaten the sustainability of national pension in Korea. The National Pension Research Institute publishes a nancial projection every ve years; consequently, the government has lowered the entitlements for the sustainability of national pension based on the projection results. The current reform of the pension system that arbitrarily reduces the entitlements might detract from the income security role of the national pension for pensioners without accounting for the highest elderly poverty rate in the OECD countries. We first discuss methods for the financial projection of the national pension in terms of population, subscribers, and pensioner projections in order to estimate the pension reserve fund and the financial depletion year. We also conduct a sensitivity analysis for population variables, institutional variables, and economic variables based on pension reserves and the financial depletion year. We evaluate intergenerational fairness between the income hierarchy by conducting a money's worth analysis. Finally, we investigate the possibility of the sustainability of national pension by adjusting pension contributions and entitlements (income replacement rate). A new dependency ratio shows that a simple reform of the national pension does not secure the sustainability of the national pension without adapting a pay-as-you-go system.

A Systematic Review of the Economic Evaluation of Telemedicine in Japan

  • Akiyama, Miki;Yoo, Byung-Kwang
    • Journal of Preventive Medicine and Public Health
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    • v.49 no.4
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    • pp.183-196
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    • 2016
  • Objectives: There is no systematic review on economic evaluations of telemedicine in Japan, despite over 1000 trials implemented. Our systematic review aims to examine whether Japan's telemedicine is cost-saving or cost-effective, examine the methodological rigorousness of the economic evaluations, and discuss future studies needed to improve telemedicine's financial sustainability. Methods: We searched five databases, including two Japanese databases, to find peer-reviewed articles published between January 1, 2000 and December 31, 2014 in English and Japanese that performed economic evaluations of Japan's telemedicine programs. The methodological rigorousness of the economic analyses was assessed with a well-established checklist. We calculated the benefit-to-cost ratio (BCR) when a reviewed study reported related data but did not report the BCR. All cost values were adjusted to 2014 US dollars. Results: Among the 17 articles identified, six studies reported on settings connecting physicians for specialist consultations, and eleven studies on settings connecting healthcare providers and patients at home. There are three cost-benefit analyses and three cost-minimization analyses. The remaining studies measured the benefit of telemedicine only, using medical expenditure saved or users' willingness-to-pay. There was substantial diversity in the methodological rigorousness. Studies on teledermatology and teleradiology indicated a favorable level of economic efficiency. Studies on telehomecare gave mixed results. One cost-benefit analysis on telehomecare indicated a low economic efficiency, partly due to public subsidy rules, e.g., a too short budget period. Conclusions: Overall, telemedicine programs in Japan were indicated to have a favorable level of economic efficiency. However, the scarcity of the economic literature indicates the need for further rigorous economic evaluation studies.

A study on a development of index for a sustainable reputation in services public enterprise (서비스 공기업의 지속가능한 명성지수 개발에 관한 연구)

  • Lee, Won-Sik;Cha, Gun-Ho
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.13 no.2
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    • pp.35-47
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    • 2005
  • Recently, all organizations are experiencing a newly changed standard for their competitiveness. One of the elements in the standard is the sustainable reputation or responsibility. Thus excellent corporations have reinforced not only economic prosperity but also environmental and social responsibilities, which results in the appearance of sustainable reputation or responsibility management. At this point, this paper have nominated assessment factors which will contribute to the sustainable reputation competitiveness in Incheon International Airport Corporation.

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Economics During Global Recession: Sharia-Economics as a Post COVID-19 Agenda

  • ARFAH, Aryati;OLILINGO, Fahruddin Zain;SYAIFUDDIN, S.;DAHLIAH, D.;NURMIATI, N.;PUTRA, Aditya Halim Perdana Kusuma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.1077-1085
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    • 2020
  • This research is a literacy study regarding the implementation and management of the economic role of haria as a new strategy in overcoming the problem of the global financial crisis that has hit the middle of the COVID-19 pandemic. The research method comes from previous studies to compare the capitalist, socialist, and sharia economic systems. In response to various economic uncertainties, both internal and external, the ability to seize opportunities and transform has become the key to economic resilience. Islamic economics can be an alternative in responding to the dynamics of the global and national economy. Several things need to be taken into consideration in fulfilling the sharia economy and the primary strategy chosen must come from the inputs given by the stakeholders, including business actors, associations, regulators as well as experts, and academicians. The primary strategy in implementing the sharia economy also requires the support of various parties in order to develop sustainability. Strengthening regulation and governance is one of the fundamental factors. Optimization of the sharia economy based social sector such as Zakat, Infaq, Sadaqah, and Waqaf can be optimized both for collection and distribution so that the concept of sharing can certainly support the development and the economy both nationally and globally.