• Journal of Korea Port Economic Association
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• v.28 no.3
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• pp.235-257
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• 2012

Recently the role of ports has been changed to satisfy flexibly needs of demands in global economy. A new concept for ports is not just a place for international trade but an important nodal point in logistics chain. The changing environment like this trend creates a high degree of uncertainty and leaves port managers confused with the question how to respond effectively to dynamic market. The latest studies provide that the port must have a good hinterland to achieve competitive advantages in a logistics chain. Korean Government announced "The Master Development Plan for Port Logistics Parks in Korea" in 2006. This contains the plan of hinterland construction of Busan New Port to achieve the status of logistics hub in Asian market. Previous studies rely solely on traditional DCF(discounted cash flow) analysis for investment of hinterland. However DCF method does not include irreversibility, uncertainty and the choice of timing for investment project. This thesis introduces a ROPM(real options pricing model) which overcomes the limitations of traditional valuation methods. The option valuations in this study utilize the Black-Scholes model, the binomial model and the MonteCarlo simulation to value investment opportunity of a port hinterland. In this thesis, an attempt is made to modify the NPV criterion by incorporating the real options approach, and its application is demonstrated in a hinterland construction investment plan. This research has conducted an empirical analysis by calculating economic value of the investment for a hinterland of Busan New Port.

• Journal of Navigation and Port Research
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• v.28 no.3
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• pp.177-184
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• 2004

The purpose of this study is to identify and evaluate the competitiveness of container ports in ASEAN(Association of Southeast Asian Nations) and Korea, which plays a leading role in basing the hub of international logistics strategies at the onset of the 21st century. Its ultimate purpose is to consider the relevant policy-making by comparing the competitiveness of ASEAN and Korea's container ports. This paper adopted the HFP method, which is an empirical analysis that evaluated the port competitiveness by quantifying it a, a qualitative attribute in the aforementioned area, where both ASEAN and Korea vie with each other for increasing container throughput. The results of this study showed that Singapore ranked the first in the subject of study in view of the competitiveness, followed by Busan(2) and Manila(2) as a leading group of the relevant ports in international logistics strategies. This analytic evaluation contributes to the empirical approach applied to policy-making by the HFP method, which is the newest research technique in social science through the comparative study of port competitiveness between ASEAN and Korea.

• Journal of Digital Convergence
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• v.16 no.2
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• pp.139-149
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• 2018

Since the 17th century, international trade has increased as a result of the development in the navigation skills. Recently, maritime transport, compared to other modes, is used more than 70% worldwide by shippers and ports, and it also has become essential in international trade. Most researchers focused only on port development, in topics like ensuring depth of water, port competition and port governance, but have left some topics undone, such as environment, ecosystem and balanced development. Therefore, this study provides insight to the academic world in port research using SNA (Social Network Analysis). The result of the SNA study shows that Baltic Sea ports researchers have focused on "Shipping", "Marine ecosystem"and "Pollution". The implications of this study are: first, the environment has become a main issue in the research field; second, the results suggest focusing on the main keywords from the keyword network. This study has some limitations such as excluding domestic journals and focusing in the recent 10 years.

• Journal of Digital Convergence
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• v.16 no.11
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• pp.17-27
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• 2018

In this paper, the research trends of port hinterland from 1990 to 2018 were analyzed periodically using the Social Network Analysis (SNA) method. The data were collected from major academic journals and totally 116 papers were identified for analysis. The results of the analysis showed that in the first period (1990-1999), keywords can be listed as "containerization", "transport infrastructure" and developed countries related keywords like "Italy", "Canada" and "Germany". The results of the second period (2000-2009) were originated from keywords such as "regionalization", "competitiveness", "Asian consolidation" and "technology". In the third period (2010-2018), the results were derived from keywords such as "intermodal transport", "dry port", "container" and container related keywords and "shipping" and shipping related keywords. We could see the studies of port hinterland are becoming more systematic and integrated. This study provides some important implications for both academic, and industrial viewpoints, and it is helpful to understand the research concentration.

• Proceedings of the IEEK Conference
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• 2005.11a
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• pp.1071-1074
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• 2005

This paper suggests how can we guarantee terminal quality of service like ship waiting time ratio and ship residing time applying RFID(Radio Frequence IDentification) technology, raising up rapidly as a fundamental solution of new growing industry, to port information system. Also, lead time of whole port logistics can be decreased for reduction of loading & discharging time resulted from productivity improvement of G/C(Gantry Crane) and YT(Yard Tract) etc as applying RFID technology to terminal operation.

• Journal of Korea Port Economic Association
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• v.20 no.2
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• pp.217-234
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• 2004

Information technology has been transforming the relationship between shippers and carriers, but an unresolved question remains: what is the relative importance to shippers of service versus cost benefits of e-logistics solutions? This research develops and empirically tests a model to determine how Internet-based logistical operations in international shipping impact on the relative importance of cost versus service benefits to shippers. Contrary to expectations, results show that shippers perceived cost benefits from well-designed web sites, undoubtedly a consequence of perceptions that multi-function portals with ease of access contributed to savings in time and money. Another result was the confirmation of the positive effects of cargo tracing and bill of lading issuance on service-related factors. Finally, this study draws attention to the need for improvements in on-line booking capabilities and development of a comprehensive common portal; issues that must be addressed for shipping lines to succeed in an increasingly competitive e-logistics market.

• 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.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2017.11a
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• pp.140-142
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• 2017

Hai Phong is the important transportation hub of the northern Vietnam with many advantages. Hai Phong can connect with orthers provinces by road, railway, airport, seaport system and inland waterway. So far, Hai Phong is develop so fast However, Hai Phong's logistics services are still low level and less competitive. The human resources are lacking of experiences and also low quality, the logistics enterprises are small, low capital and they can not compete with foreign companies. Further more, the infrastructure are invested but there are still have some problems inside. This paper has assessed and systemized the situation of development of Hai phong.

• Journal of Navigation and Port Research
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• v.35 no.10
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• pp.847-853
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• 2011

The purpose of this study is to develope a series of business models for promotion of value added logistics activities of lumber hinterland in Incheon Northport. A set of policies to create value added developed are an import market diversification model using Incheon Northport, a model by building integration processing center by pallet facility, a model by joint logistics center, an export-oriented Pre-cut material development model and an export processing value added model.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2011.06a
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• pp.413-414
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• 2011

현재 우리나라의 물류인프라는 선진국에 비해 개선의 여지가 다분함에도 불구하고 개선을 위한 원동력인 물류전문인력이 부족한 상황이며 앞으로는 더욱 부족해질 전망이다. 하지만 이에 대한 연구는 부족한 실정이며 이로 인해 현실적인 계획 수립에 어려움을 겪고 있다. 본 연구는 우리나라 물류전문인력 양성의 필요성을 기존 연구를 통해 살펴 본 후 우리나라 물류전문인력 양성 현황 파악 및 수급분석을 통해 실질적인 방향성을 제시하는 것에 목적이 있다.