• Journal of Navigation and Port Research
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• v.26 no.4
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• pp.383-390
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• 2002

The time cost of ship end cargoes is one of the most important data for decision-making of port investment and operational efficiency. Studies in this area were initiated internationally by Goss and Mann in late 70's and also done in Korea 10 years ago using the same methodology as Goss. The main purpose of this paper is to revisit to estimate the time cost using updated data. The estimation was undertaken sampling data on various investment and operating costs by vessel from 205 vessels, comprising 47.5％ of the notional fleet in Korea as well as on cargoes from international trade statistics. Compared with the study of 10 years ago, major finding of this research is that time costs of liquid and dry bulk carriers have increased, in case of the former type, showing almost doubled cost increase. The increase is deemed to be caused by very expensive LNG carriers. Lowered social discount rate in this study compared with 10 years ago, in general, has mused the costs to stay at similar level to the previous study. Sensitivity tests were conducted using various social discount rates.

• Journal of Korea Port Economic Association
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• v.31 no.3
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• pp.167-186
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• 2015

The purpose of this case study is to verify the usefulness of three costing models and a minimum profit management model that can support the logistics warehouse companies in the Busan Newport Distri-park. This case study investigated traditional costing, activity-based costing (ABC), and time-driven ABC (TDABC); and suggested that an appropriate minimum profit management model is contribution margin analysis. Accordingly, in order to verify the usefulness of models, this case study surveyed the actual cost management conditions of companies, applied the three costing models to the "K" warehouse company in the Busan Newport Distri-park, and undertook a comparative study of the results. This case study produced two main findings. First, TDABC was verified as the most useful and advanced of the three costing models tested. Second, contribution margin analysis was confirmed to be the most suitable model to manage minimum profits for port warehouse companies in the Busan Newport Distri-park.

• Journal of Navigation and Port Research
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• v.38 no.6
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• pp.567-575
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• 2014

In recent times, an obvious strategy in liner shipping markets that has come to the fore is slow steaming. Nowadays, most liner shipping companies have decelerated the voyage speed to 15-18 knots on major routes, and some leading liner shipping companies have a plan to reduce it to below 15 knots. Slow steaming is helpful in reducing the operating cost and the amount of greenhouse-gas emissions on a single vessel with lower fuel consumption. However, it also creates various negative effects such as the opportunity cost, additional fixed costs and an in-transit inventory cost on a loop. Hence, the net operating cost on a loop is changing dynamically due to the changes of voyage speed based on various slow steaming effects. The aim of this study is to analyze the slow steaming effects in the liner shipping, and to find the best voyage speed that minimizes the operating cost on a loop. Moreover, this study suggests the recommendable strategy for liner shipping companies. To achieve the aim of this study, a simulation model has been designed using System Dynamics.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.11 no.1
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• pp.53-59
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• 2011

In this paper, the implementation of a production control system has been studied in order to obtain Realtime Cost Calculation using an exact Machine Factor and Man Factor based on RFID reader data transferred through network. For the study, microprocessor built in the controller of production facilities is used and also RFID reader is built additionally. Control part, card reader used for check the beginning and ending working time of workers, and Machine Factor and Man Factor calculated are transferred to server via PLC transmission port, serial transmission port, or Ethernet transmission port. By using the system, the production cost or the production efficiency is calculated exactly. Therefore it is possible to improve production rate and cost reduction by the use of the proposed production control system.

• Journal of Korea Port Economic Association
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• v.33 no.4
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• pp.135-148
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• 2017

This study fist raises the following research question. How does the port congestion affect port operational efficiency? To answer the question, this study adopts slacks based measure data envelopment analysis (SBM-DEA) model to analyze the efficiency of port considering the congestion. As a result of the DEA-CCR(Chanres, Cooper and Rhodes) model, both Busan(2011) and Ulsan(2011) are the most efficient decision making units(DMUs). As a result of the DEA-BCC(Banker, Chanrnes, and Cooper) model, Busan(2011), Ulsan(2011), Ulsan(2012), Busan(2012), and Yeosu Gwangyang(2012) are the most efficient DMUs. As a result of SBM-DEA model, Ulsan(2012), Busan(2011), Busan(2012), Incheon(2011), and Ulsan(2011) are the most efficient DMUs considering the port congestion. The result of DEA-CCR BCC model is not identical with the result of SBM-DEA model analysis. It means the port congestion does less affect the port operational efficiency. Should the number of the vessels with the port congestion minimize, Incheon and Yeosu Gwangyang port could save lots of the port congestion cost for a total of three years.

• Journal of Navigation and Port Research
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• v.30 no.6 s.112
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• pp.471-481
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• 2006

This paper aims to provide strategies to attract container cargoes for the Incheon port by analysing O/D of the container cargoes with the year-2004 export and import data from. The Korean customs service. O/D analysis was carried out with establishing optimal zones, which are defined as City, Gun, Gu(Korean administrative districts) to which the export-import service can be provided from a certain port with minimized freight(or transport) cost and stevedoring fee. For the Incheon port, 35 administrative districts including Seoul and Incheon in Kyunggi-Do and Kangwon-Do are recognized as the optimal zones, and approximately 25.50% of around 2.02-million-TEU per year of the cargoes from the zones are exported and imported through the port. The strategies to attract container cargoes was suggested by comparing the Incheon port to supposed-competitive ports. The Busan port(64.89%), Guangyang port(4.46%) and Pyeongtaeck port(3.35%) are supposed as the competitive ports which have a large proportion of handling the cargoes from the optimal zones. When comparing the Incheon port to these ports. The Incheon port requires a distinctive cost strategy, providing incentives to attract shipping companies and cargoes, improving efficiency related to loading-unloading at the port, and reinforcing Feeder-Network and advertisements about cost-saving to the shippers(the owners of goods) in the national capital region Consequently, the mentioned requirements are suggested as the strategies to attract cargoes for the Incheon port.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2017.11a
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• pp.27-29
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• 2017

Container terminals in Northern Vietnam have recorded an impressive development in recent years. This development, however, also raises a fierce competition among local container terminals to attract customers. Beside the handling charges, the vessels' waiting cost is also an important factor that drive the opinion of users in choosing appropriate terminal. This research plans to estimate the waiting cost in different container terminals in Northern Vietnam by building regression equation that describe the relationship between the rate of throughput/capacity and waiting cost/TEU. Queuing theory with the application of Poisson distibution is used to estimate the waiting time of arrival vessels and uncertainty theory is applied to estimate the vessel's daily expenses. Previous studies suggested two different formation of the equation and according to the research results, cubic equation is more suitable in the given case. The research results are also useful for further research which require calculation of waiting cost per TEU in each container terminal in Northern Vietnam.

• Journal of Korean Port Research
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• v.13 no.1
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• pp.41-50
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• 1999

The main purpose of this study is to design the port marketing strategies for strengthening the competitive power of container terminal. So far many attempts have been made to analyze the international competitiveness of the terminal. Six factors hypothesized by this study come from previous research analyses about customers preference for port selection. Those are Cost Centrality and Intermediacy Free trade port Inland transportation connections Political and Economic institution and Port facilities. this study analyzes the most important factors about hob port and transhipment port separately through questionnaire analysis about users(shipper shipping company and freight forwarder) influencing on port selection. The results of this study were found as follows:

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 1998.10a
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• pp.331-351
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• 1998

The main purpose of this study is to design the port maketing strategies for strengthening the competitive power of container terminal. So far many attempts have been to analyze the international competitiveness of the terminal. As a results, Six factors hypothesized by this study come from previous research analysis about customers preference for port selection. Those are Cost, Centrality, and Intermediacy, Free trade port, Inland transportation connections, Political and Economic institution, and Port facilities. This study analyze the most important factor about hub port, and transhipment port separately, though questionnaire analysis about users(shipper, shipping company, and freight forwarder) influenced on port selection. The results of this study were found as follows : Equations See Full-text

• Journal of Korea Port Economic Association
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• v.25 no.4
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• pp.225-250
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• 2009

The purpose of this paper is to clarify the movement of customer satisfaction factor of port like marketing and customer support factors and set up new strategy for customer satisfaction with the factors of control by Port Authority. It was researched to Terminal operation and shipping companies of main clients of Container Terminals of Busan Port. The Score of customer satisfaction is 4.62, it is almost average score to consider Likert Scale 7 for Research measurement. For Customer satisfaction measurement score, the factor is named Port Facility, Port Cost, Marketing Activity and Customer Support with 20 elements. It is verified suitable model by Structural Equation Method. It is effect customer satisfaction by Marketing Activity and Customer Support factor instead of Port Facility and Port Cost. So Port Authority has to plan new strategy for customer satisfaction to consider its effect factors.