• Title/Summary/Keyword: Logistics costs

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The Development of Logistics Service Evaluation Model Considering Potential Customer Demand Improvement Index (잠재적고객요구개선지수와 기대손실을 고려한 물류서비스 평가모형 개발)

  • Chang, Yong-Hyuk;Cho, Yu-Jin;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.21 no.1
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    • pp.9-16
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    • 2019
  • Logistics companies are worrying about securing of differential competitiveness so as to be competitive companies in keen logistics market. The ground is how users are satisfied by sell-established service system to respond not only economic feasibility of logistics costs but also diversity and advancement of logistics needs. The competitiveness of logistics companies is also caused by customer satisfaction of service and only companies finding and satisfying customer needs continuously may be more competitive. For the competitiveness, it's the most important to analyze demands of current and potential customers and their pursuing value properly. Therefore, this researcher grasped PSL for online logistics service users with 5-point Likert-scale and quality-level decision method that consider the weighted value based on Kano model, measured customer's potential Demand for service through PCDI, and suggested methodology for deciding the priority of the improvement with loss function of Taguchi.

Research on Performance Evaluation of Listed Logistics Enterprises in China (중국 물류 상장기업의 성과평가에 관한 연구)

  • Lingfeng Wang;Jae-Yeon Sim
    • Industry Promotion Research
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    • v.8 no.2
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    • pp.177-185
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    • 2023
  • Logistics companies have rapidly developed as an important component of economic activities, but due to the special performance management method of logistics companies, problems in performance evaluation are emerging. This paper presented a strategy for improving performance by analyzing the management performance of 19 listed logistics companies in China. Operating expenses, R&D expenses, labor costs, and general management expenses were adopted as input variables, and operating profit and net profit were adopted as output variables. DEA efficiency was assessed by the BBC model from 2016 to 2021 using DEAP 2.1 software. As a result of analyzing the annual management performance, some listed logistics companies showed stable and forward-looking performance results.

Effects of Market Diversity on Performance of Exporting Companies: An Inverted U-shaped Relationship

  • Lee, Jungeun;Kim, Chang-Bong;Lee, Dong-Jun
    • Journal of Korea Trade
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    • v.24 no.8
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    • pp.121-132
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    • 2020
  • Purpose - The principle aim of this study is to further investigate the relationship between market diversity and export performance. We examine the benefits and costs of geographic market diversity regarding the number of countries exported to by firms on their export performance. Based on the financial risk reduction model and the entry costs model, we propose a way to incorporate the costs and benefits aspects of market diversity. Design/methodology - To empirically investigate our research question, the curvilinear relationship between market diversity and export performance, we built a secondary panel data set between 2015 and 2019, containing 17,863 observations of Korean exporting companies. A generalized least squares panel estimator with fixed effects was employed to test the hypothesis, and the statistical package, Stata 14, was used. Findings - Our main findings are as follows: As market diversity increases, export performance increases because exporters can diversify and reduce financial risks in export markets. However, the relationship between the two does not grow. As it peaks, the entry costs increase due to the high market diversity, thereby outweighing the benefits, leading, eventually to decrease in the export performance. Consequently, there is an inverted U-shaped relationship between market diversity and export performance. Originality/value - In the export and trade literature, the impact of market diversity on export performance has not been addressed yet, despite the importance of this subject. Many scholars have assumed a positive linear relationship between the two, considering only the decrease in market risks as the number of overseas markets increases, without examining the increase in the entry and management costs. Therefore, our study contributes by providing a new perspective for analyzing the characteristics and outcomes of market diversity.

Design of Web-based Ocean Forwarder Information System for Freight Forwarder (복합운송주선업을 위한 Web기반의 해운 포워더정보시스템 설계)

  • 박상민;임세희;변상규;유우식;채진석;심동석
    • Journal of the Korea Safety Management & Science
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    • v.6 no.1
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    • pp.81-96
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    • 2004
  • Globalization of Economic activities have increased Company's interests about International Logistics Management. Expansion of International trade depends on International Logistics which can overcome distance and time. In In-cheon, There are many small scale and minor Freight Forwarders take advantage of being linked with a port, an airport but their inefficient paper works cause raising of Logistics costs and losing of competitive power. In this study, we design a web based ocean forwarder information system for freight forwarder to solve these problems. So, this system will provide decreasing operation time, human resources, and accessing easily because of web based system, and finally decrease logistics cost and improve national competitive power.

Simulating for the Efficient Operation of Railroad Logistics Terminal (철도물류터미널 운영 효율화를 위한 시뮬레이션 연구)

  • Lee, Tae-Yun;Kim, Kyung-Hee;Kim, Dong-Hee
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.3264-3267
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    • 2011
  • Many countries are pursuing the policy of activation of the railway that are means of high-efficiency eco-friendly for a sustainable low-carbon green growth through railroads' logistics, the Korea government also aims to increase railroad logistics two or three times more than present railroad logistics. But there are problems to expand the terminal infrastructure that are the limitation of geographical conditions and huge costs. We are developing the simulation to analyze the result by changing the operation method of yard trailers, reach stackers and gates. This paper aim to analyze gate performance adopting RFID.

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An Empirical Study on the Determinant Factors of Logistic Partnership of manufacturers in Gyeongbuk-do Province (경상북도 지역 제조기업의 물류통상 파트너십 결정요인에 관한 연구)

  • Shin, Jeong-Yong;Cho, Cheong-Gu;Koh, Yong-Ki
    • International Commerce and Information Review
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    • v.12 no.1
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    • pp.123-152
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    • 2010
  • With the change of diverse business environments, the need for the third party logistics(3PL) is strategically considered for securing core abilities of manufacturers' own business. Most manufacturers are willing to have Win-Win relationship with the 3PL companies, instead of working with 3PL companies only for the purpose of reducing costs of logistics. This study has intentions to analyze determination factors of the distribution partnership which influence manufacturing firms within Gyeongsangbuk-do province and effects of partnership which exert an favorable influences on their outcome. With regard to the determination factors, it is found that determination factors consists of shipping quality, crisis management and possession of resources. And for the effects, saving logistics cost, improvement in service quality and strengthening the distribution partnership are included. This study intends to suggest helpful guidelines to business managers who seek a solution for more efficient logistics service.

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Optimization of the Transportation of International Container Cargoes Considering Short Sea Shipping (근해운송을 고려한 국제컨테이너 화물운송의 최적화)

  • Kim, Hwa-Joong;Chang, Young-Tae;Lee, T.W.
    • Proceedings of the Korea Port Economic Association Conference
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    • 2007.10a
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    • pp.161-173
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    • 2007
  • This paper considers the problem of determining the cargo flow and the transportation mode in each trade route while satisfying the demand. Especially, the problem incorporates short sea shipping in Korea, which is becoming more important in order to improve efficiency of Logistics. The objective is to minimize the sum of shipping and inland transportation costs. To solve optimally the problem, this paper employs a linear programming model, which is an operations research technique for optimization. The problem is formulated by extending the well-known network design problem by considering capacity at seaport and limitation of total number of vehicles. The model is solved using CPLEX, a commercial linear program software. The test results using a real cargo flow data in Korea show that the model represents closely the real situation.

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Development of Web-based Ocean Forwarder Information System for Freight Forwarder (복합운송주선업을 위한 Web기반의 해운 포워더정보시스템 개발)

  • 임세희;박상민;유우식;채진석;심동석;변상규
    • Proceedings of the Safety Management and Science Conference
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    • 2003.11a
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    • pp.297-302
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    • 2003
  • Globalization of Economic activities have increased Company's interests about International Logistics Management. Expansion of International trade depends on International Logistics which can overcome distance and time. In In-cheon, There are many small scale and minor Freight Forwarders take advatage of being linked with a port, an airport but their inefficient paper works cause raising of Logistics costs and losing of competitive power. In this study, we develop a web based ocean forwarder information system for freight forwarder to solve these problems. So, this system will provide decreasing operation time, human resources, and accessing easily because of web based system, and finally decrease logistics cost and improve national competitive power.

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Hybrid Priority-based Genetic Algorithm for Multi-stage Reverse Logistics Network

  • Lee, Jeong-Eun;Gen, Mitsuo;Rhee, Kyong-Gu
    • Industrial Engineering and Management Systems
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    • v.8 no.1
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    • pp.14-21
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    • 2009
  • We formulate a mathematical model of remanufacturing system as multi-stage reverse Logistics Network Problem (mrLNP) with minimizing the total costs for reverse logistics shipping cost and inventory holding cost at disassembly centers and processing centers over finite planning horizons. For solving this problem, in the 1st and the 2nd stages, we propose a Genetic Algorithm (GA) with priority-based encoding method combined with a new crossover operator called as Weight Mapping Crossover (WMX). A heuristic approach is applied in the 3rd stage where parts are transported from some processing centers to one manufacturer. Computer simulations show the effectiveness and efficiency of our approach. In numerical experiments, the results of the proposed method are better than pnGA (Prufer number-based GA).

Flexible Operation of International Commercial Terms to Increase Logistics Efficiency in Logistics 4.0 (물류 4.0 시대에서 물류효율성 증대를 위한 인코텀즈 상 정형거래조건의 탄력적 운용방안 연구)

  • Chang-Bong Kim;Kyeong-Wook Jeong
    • Korea Trade Review
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    • v.47 no.4
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    • pp.69-88
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    • 2022
  • Recently, International commerce has continuously expanded with the development of logistics technology. However, the cost of international logistics is rising rapidly. The Korea International Trade Association (2021) proposes that the use of international commercial terms in Incoterms® could be an effective way against logistics costs. The purpose of this study is to verify the effect on the flexible operation of international commercial terms. For the detection of variables and data collection for empirical analysis based on previous studies and in-depth interviews. The questionnaires were distributed after pilot-study to a random sample of companies based on the list of members such as the Korea International Trade Association, the Korea Trade-Investment Promotion Agency, and the Global Small and Medium Business Association. A total of 800 questionnaires were distributed, and 166 were used for empirical analysis. The results of this study are as follows. First, mutual cooperation and Flexibly using of international commercial terms has a positive (+) effect on logistics efficiency. This is in line with the study of Yang (2021) and Stojanović et al. (2021) that logistics by using international commercial terms will increase the efficiency of logistics. Second, use of international commercial terms based on mutual understanding mediates the relationship between the logistics environment of the other country and the logistics efficiency. As in the study of Vidrova (2020), it is important to operate on international commercial terms mutually.