• Title/Summary/Keyword: Economic downturn

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Comparative Port Performance Analysis of Italian Ports

  • D'agostini, Enrico;Ryoo, Dong-Keun;Jo, So-Hyun
    • Journal of Navigation and Port Research
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    • v.39 no.5
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    • pp.393-399
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    • 2015
  • Recently, the fierce competitions in the shipping industry and the global economic downturn have heavily influenced ports' operational strategies. In order for port authorities to remain competitive at an international level and to provide more accurate information to develop National policies, ports are required to analyse and improve operations' efficiency. In this paper, the efficiency of 19 Italian ports in 2013, handling different types of cargoes, is assessed through the application of Data Envelopment Analysis (DEA), with constant return to scale (CRS) and variable return to scale (VRS). The purpose of this study is to analyze the efficiency of Italian ports and evaluate whether differences in size and specialization of each port (or cargo handled) are directly correlated with ports' efficiency.

A Study on the Cost Analysis for the Container Terminal Services based on ABC Approach

  • Ryu, Dong-Ha;Ahn, Ki-Myung;Yoon, Yeo-Sang
    • Journal of Navigation and Port Research
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    • v.35 no.7
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    • pp.589-596
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    • 2011
  • Terminal market has rapidly crashed and market rates have taken a sharp plunge. The substantial throughput decrease resulted from the world economic downturn has been a finishing blow to the terminal operators in Busan. Every terminal operator is taking cost saving as its first priority and accelerating structural reform and downsizing. Under the desperate situation, the need of effective cost analysis would be highly required to effectively control operation cost and to develop new services to satisfy the different needs of the customers. Furthermore, terminal operators could reduce unnecessary activities and concentrate their resource on the more cost-effective process through the operation cost analysis. In order to suggest a new framework of the cost control of container terminals, this paper seeks to analyze terminal costs based on ABC approach by processing actual data.

The State of the Art in BIPV Technology (건물일체형 태양광 발전 (BIPV) 기술 동향)

  • Yoon, Jong-Ho
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
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    • v.27 no.1
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    • pp.1-7
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    • 2014
  • The current downturn of BIPV sector has an enormous potential to rebound and expand into the PV sector for construction market in the foreseeable future. Solar technology has already gained a significant market due to lack of natural resources in the Korean domestic market. Given the technical infrastructure of state-of-the-art fusion technology, the competitiveness of software-driven BIPV market in the world can be ver attractive and have the potential to develop as a key national technology. To do this, from the viewpoint of complexity, technical R&D, national political aspect, social aspect, economic aspect and institutional support systems need to be parallelly formulated. A dedicated BIPV sector has not yet been established, especially policy and institutional framework have very crucial impact on the establishment of BIPV sector.

A Study on the Effect of Safety Education to Prevent the Disasters and Accidents in Construction Field (건설현장에서 산업안전교육이 재해 및 사고방지에 미치는 효과 연구)

  • Woo, Heung-Sik;Ryu, Boo-Hyung;Jo, Jae-Hwan
    • Journal of the Korean Society of Safety
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    • v.24 no.3
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    • pp.32-38
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    • 2009
  • Construction companies economic to lighten the restrictions on safety education and training due to the domestic recession as long as the global downturn. With this, the Korean government lightened that restrictions, but the incidents are being sharply increased nowadays. The construction industry is more hazardous than any others, so, they insist to reinforce the training for incidents prevention, but it is prone to be disregarded at the subcontractors of the bigger construction companies due to their financial problems. According to these matters, this study hereby surveyed regarding their suggestions for the improvements of the training concepts through questionnaires below.

Choice Attributes of International Medical Tourism Consumers (국제의료관광 소비자의 선택속성에 관한 연구)

  • Lee, Hee-Seung;Chun, He-Jin;Kim, Kee-Hong
    • International Commerce and Information Review
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    • v.12 no.4
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    • pp.345-362
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    • 2010
  • It is necessary to develop new competitive products under the world economic downturn. The medical tourism industry a good example and it has grown rapidly for last couple of years. This paper aims to investigate socio-demographic proxies of inbound medical tourists in Korea. In particular, the medical tourist behaviors are modeled by considering the factors such as acquisition process of medical tourism information, service level of medical tourism industry and the choice attributes. The results of this study are summarized that: 1) Moot inbound medical tourists are over 40-years old with professional occupation accompanied with families; 2) The information resources are mainly acquired from travel agents and WOM(Word of Mouth) such as friends and relatives; 3) Current problems are lack of various promotion channels and the competitiveness of medical coots; 4) The inbound medical tourists are not homogeneous but vary in different segments. The study suggests that various marketing strategies should be implemented for target market segments to promote Korea as a medical tourism hub.

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Global Dairy Industry and Current Situation: III. 2010 World Dairy Report (세계 낙농산업 동향: III. 2010년 현황을 중심으로)

  • Song, Soo-Yeon;Oh, Se-Jong
    • Journal of Dairy Science and Biotechnology
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    • v.30 no.1
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    • pp.11-16
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    • 2012
  • During the 2009 global economic downturn, the dairy industry was also affected. Global milk production had gradually decreased, and the dairy industry was failing. However, in 2010, China's sudden consumption increase of dairy products, the price of dairy products recovered due to the great demand in China. The Asian continent as a whole played a significant role in maintaining the health of the global dairy industry, by preventing its total collapse. Currently, the price of all dairy products, except that of whole milk powder, has increased. The International Dairy Federation (IDF) expects that milk production will grow by 2% annually over the next 10 years, owing to Asia's high demand for all kinds of dairy products.

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Logistic Regression for Investigating Credit Card Default

  • Yang, Jeong-Won;Ha, Sung-Ho;Min, Ji-Hong
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 2008.10b
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    • pp.164-169
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    • 2008
  • The increasing late-payment rate of credit card customers caused by a recent economic downturn are incurring not only reduced profit of department stores but also significant loss. Under this pressure, the objective of credit forecasting is extended from presumption of good or bad customers to contribution to revenue growth. As a method of managing defaults of department store credit card, this study classifies credit delinquents into some clusters, analyzes repaying patterns of customers in each cluster, and develops credit forecasting system to manage delinquents of department store credit card using data of Korean D department store's delinquents. The model presented by this study uses Kohonen network, a kind of artificial neural network of data mining techniques to cluster credit delinquents into groups. Logistic regression model is also used to predict repayment rate of customers of each cluster per period. The accuracy of presented system for the whole clusters is 92.3%.

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Base Metal's Price Hike and Chinese Economic Growth (Base Metal 가격상승과 중국의 경제성장)

  • Lee, Hyun-Bock
    • Economic and Environmental Geology
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    • v.43 no.5
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    • pp.523-528
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    • 2010
  • With the financial crisis from USA had negative impacts on the real economy, base metals price on LME was downward in 4 quarter of 2008. Following the deepest global downturn in recent history, economic growth solidified and broadened to advanced countries and simultaneously the price of base metal on LME showed a rising curve over 2009. There are three factors supported an upward tendency of base metal's price. The First factor is the US economy recovery, the second factor is the weak dollar, the third factor is the chinese base metal demand. Among the factors, the last one is a major factor. Therefore, this study analyze the factor of the movement of price of base metal with linear regression analysis. The result of analysis show that the chinese GDP growth has effect on the recent upward base metal price. Despite the result, the upward movement is difficult to be sustained without the full recovery of advanced economies.

A Study on the Economic Activation Plan of Small and Medium Manufacturing Industries in the Southeast Economic Zone in Korea -Focused on the Aviation Parts Industry- (동남권 경제구역 중소제조업 경제활성화 방안에 관한 연구 -항공부품산업을 중심으로-)

  • Choi, Young-Moon;Choi, Jeongho;Choi, Dongho
    • Journal of the Korea Convergence Society
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    • v.12 no.8
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    • pp.171-177
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    • 2021
  • The Southeastern economic zone was centered on small and medium-sized manufacturing, but industrial changes and corona 19 caused the local economic downturn. This study presented the difficulties of companies related to the aviation specialization industry and suggested ways to revitalize the local economy in order to revitalize the local economy in the southeast region. First, aeronautical specialized parts companies need various support to improve the structural problems of passive industries. Second, the industry needs a systematic education system that develops products and technologies that meet international standards and conducts international certification education to support stable supply and demand of human resources by cultivating professional manpower for systematic project performance. Third, the industry needs financial and administrative support from the government to develop technologies and products that meet high standardization standards. In addition, it is necessary to provide support to systematically improve the limitations and difficulties of companies, such as finding and expanding customers of small and medium-sized companies and supporting investment for cost reduction.

Why Do Some People Become Poor? The Characteristics and Determinants of Poverty Entry (누가 왜 빈곤에 빠지는가? 빈곤진입자의 특성 및 요인)

  • Kim, Hwanjoon
    • Korean Journal of Social Welfare Studies
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    • v.42 no.4
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    • pp.365-388
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    • 2011
  • By analyzing 1998~2008 Korean Labor and Income Panel Study(KLIPS), this study examines socio-economic characteristics of people who become poor. The study also explores the reason why they are in the state of poverty. To find determinants affecting poverty entrance, discrete-time hazard models are applied. Major findings are as follows. The socio-economic characteristics driving people into poverty are in the middle way of the long-term poor and the non-poor, combining the characteristics of both groups. This implies that many cases of the newly poor tend to enter and exit from poverty repeatedly. Poverty entry rate was at a high level right after the economic crises, then was a downturn and remained fairly stable since 2000. However, the young, the high-educated, and even the professional are on the rise as a new poverty group. The major reason people become poor is temporary job loss. This factor is confirmed again by multi-variate analyses. In building anti-poverty policies, it is important to distinguish the long-term poor from the short-term poor. For the long-term poor, virtually the only affective policy will be income support. On the other hand, a labor-market strategy for jos security will be more effective for the short-term poor. The characteristics and determinants of poverty entry may affect poverty duration and exit in the future. Future research will be needed to investigate the relationship among these factors.