• Journal of Korea Port Economic Association
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• v.31 no.1
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• pp.127-145
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• 2015

Plant location selection is a decision which requires huge investment and entails a significant impact in a longer-term. The petrochemical industry, in particular, is so capital- and technology-intensive that the firms in the industry pursue enhancing competitiveness through collaboration and integration among entities in their supply chains. Even though the logistics factor such as logistics costs and connectivity have, as a result, gained its importance in plant location decision making, this has rarely studies in empirical studies. Therefore, this study aims to examine the relative importance of the logistics factor in plant location decision making in the petrochemical industry using the multi-criteria decision-making approach. In addition the three representative petrochemical industrial complexes are evaluated by the factors used in this study. This study is able to provide the useful implication in both practical and policy-making aspects. Firms are required to consider the logistics factors with priority compared to other factors in plant location decision making. In addition, when federal or local governments build industrial sites and attract the petrochemical firm, logistics infrastructure should also be considered to provide better transportation connectivity and lower logistics costs in turn.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.461-470
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• 2020

The objective of this research is to examine the factors affecting the decision-making of International Commercial Terms (Incoterms) of automotive parts manufacturers in Thailand. This mixed method study applied qualitative and quantitative research methods and utilized the analytical hierarchy process (AHP) to prioritize the significance of the factors. By an in-depth literature review and expert interview, four main criteria were identified. These criteria include Operating costs, Cooperation and bargaining power, Knowledge and understanding and Operation duration then main criteria divided into fifteen sub-criteria. The common Incoterms, Ex Works (EXW), Free On Board (FOB), Free Carrier (FCA), and Cost, Insurance and Freight (CIF), were determined as alternatives to the incoterms through a preliminary survey. The results revealed that the operating costs were the most important factor for the company. Moreover, it was discovered that this was consistent with the priority of the secondary factors, which included the annual budget for the transportation expenses and product value at one time. The respondents' perspective suggested that FCA was the most appropriate Incoterms for international trade for a company. The findings of this research suggest a hierarchy model for organizations to prioritize the significant factors in order to make a decision on the most appropriate Incoterms.

• Journal of the Korea Safety Management & Science
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• v.14 no.4
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• pp.153-168
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• 2012

It has been recognized as an important issue to design optimally a firm's logistics network for minimizing logistics cost and maximizing customer service. It is, however, not easy to get an optimal solution by analyzing trade-off of cost factors, dynamic and interdependent characteristics in the logistics network decision making. Although there has been some developments in a system which helps decision making for logistics analysis, it is true that there is no system for enterprise-wise's on-site support and methodical logistics decision. Specially, E-biz process along with information technology has been made dramatic advance in a various industries, there has been much need for practical education closely resembles on-site work. The software developed by this study materializes efficient algorithm suggested by recent studies in key topics of logistics such as location and allocation problem, traveling salesman problem, and vehicle routing problem and transportation and distribution problem. It also supports executing a variety of experimental design and analysis in a way of the most user friendly based on Java. In the near future, we expect that it can be extended to integrated supply chain solution by adding decision making in production in addition to a decision in logistics.

• Korean Management Science Review
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• v.27 no.1
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• pp.1-16
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• 2010

According to appearance of a new competitive factor, as 'Green', Green Logistics becomes the important evaluation factor for many firms in emerging competitive environment. Despite this importance, the recognition level of Korean firms on Green Logistics lags behind that of leading companies in developed countries. In addition, the literature studies and practical strategies for systematic management control plans are very insufficient. In this paper, we establish decision making framework of Green Logistics by using ANP(analytic network process). Specifically, we suggest at first the overall concepts and issues of Green Logistics through literature studies. Next, we derive 6 clusters and 21 components forming the strategic green logistics, and then we conduct surveys for pairwise comparison of experts on Green Logistics and compute relative weights of the clusters, components and altanatives considering the feedback structure. We expect that the results of this study will be very helpful for managers to make strategic decisions.

• Journal of Navigation and Port Research
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• v.27 no.3
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• pp.289-295
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• 2003

The international oil majors have been reducing the size of their own oil tanker fleet since early 1980s. Like international oil majors, the Korean refineries are becoming more dependent on tanker chartering rather than tanker ownership for their oil transportation since the 1990s. They also prefer spot charter to time charter and this kind of trend has continued up to now. Consequently, this paper attempted to find the factors influencing changes in tanker fleet composition. To attain the object of the paper, an empirical study is adopted using the ten decision-making factors derived from preceeding studies. The findings are that MARPOL and OPA 90, and transportation costs are the most important factors influencing an oil tanker fleet composition.

• Journal of Navigation and Port Research
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• v.41 no.6
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• pp.401-408
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• 2017

The Street Turn system in South Korea has been developing continuously with the advancement of information technology; however, this has not lead to an increase of the Street Turn transportation volume. As a result, this study presents the decision-making factors for using the system from the standpoint of users of the existing Street Turn transportation system. The people who have used domestic Street Turn transportation services or who are working in a shipping company were analyzed using Fuzzy-AHP. A total of five major factors and 17 detailed factors were derived from this analysis. As a result, timeliness was selected as the most important major factor, and in particular, the information provision time (0.207) was selected as the most important factor, followed by platform use process (0.079), and number of participating shippers (0.074).

• Journal of Korea Trade
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• v.24 no.3
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• pp.20-36
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• 2020

Purpose - As the global product network expands through both internationalization and diversification of the multimodal transportation system, corporate strategies have shifted to emphasize the importance of a high value-added international logistics system. To guide policies and strategies to attract relevant industries, this study aims to analyze the location competitiveness of regional logistics distribution center to serve Northeast Asia. Design/methodology - Multi-criteria techniques are considered to offer a promising framework for evaluating decision-making factors. This paper employed an analytic hierarchy process to analyze the hierarchal structure of determinants for selecting the location of a regional logistics distribution center. Adopting both qualitative and quantitative evaluations, this study suggest political implications for a regional logistics distribution center development, such as the direction of political support, service differentiation and infrastructure development. Findings - This study developed a location competitiveness evaluation model, based on the case study of the major port-cities in Northeast Asia. Evaluation model incorporates five factors underpinning 17 components extracted using factor analysis. The results revealed that the logistics factor is the most significant factor for evaluating the competitiveness of a regional logistics distribution center. The remaining factors were market, costs, and services environment. Comparing qualitative and quantitative evaluations, results provide useful insights for a regional logistics distribution center development in Northeast Asia. Originality/value - This study revealed differences between qualitative and quantitative evaluations. The finding implies that prior works on evaluation models of competitiveness has not successfully measured the gap between quantitative data and expert' evaluations. To overcome this limitation, this paper considered both actual data such as actual distance, cost, the number of companies located, and expert opinions.

• Journal of the Korea Safety Management & Science
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• v.9 no.5
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• pp.103-110
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• 2007

To build a most efficient and competitive warehouse, need to reflect tenants various opinions in advance such as location, rentable size, leasing terms, rental, configuration of the building, building structure, traffic flow and amenities. Thus a survey for major tenants which are logistics, retailers and manufactures should be done to figure out potential demand and marketing strategy to lead to be a competitive warehouse. However above survey is time consuming work and requires high cost involvement thus to avoid such an inefficient process and to facilitate investors prompt and right decision making, there should be a tool which helps to make a decision process easier with simple key factors. In other word, we have used above mentioned 'Demand Approach' so far but here I am introducing 'Factors Comparison' which reflects location factors and facility factors. I derived Kwang-myung logistics park's proper rental rate through 'Demand Approach' which analyzed Seoul Metropolitan area's rental warehouse status and rents, and also defined a size of potential demand area and rental. And this report compared the result with an outcome of 'Factors Comparison' then compared each methods and drew a conclusion of 'Factors Comparion's better convenience and efficiency.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2002.03a
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• pp.73-87
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• 2002

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.10 no.1
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• pp.91-99
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• 2011

RFID is an important information technology that enables changes in existing methods of logistics. In this study, a decision making model for the introduction of RFID by domestic food & beverage businesses has been developed in order to enhance the efficiency of logistics activities. The general business states and effects expected from the introduction of RFID by SCM sector of 167 domestic food and beverage businesses were surveyed and based on the results, it was identified that generally positive answers were received. A decision making model for the introduction of RFID was derived and based on the results, it was identified that major influencing factors affecting the intention to introduce RFID were "the number of personnel" and "costs to introduce RFID".