• Title/Summary/Keyword: Production Investment

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Uruguay ? Brazil Inland Waterway Transportation System Defining the Right Vessel

  • Petrocelli, Gaston L.;Hayashi, Yuji;Murai, Koji;Kubo, Masayoshi
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • v.1
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    • pp.211-216
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    • 2006
  • Within the frame of the MERCOSUR (South Common Market), one of the most important goals to achieve by its member states is a better cost effective international cargo transportation system. For this purpose the project of developing a commercial waterway linking the east region of Uruguay with the south of Brazil has been under study for a number of years now. Because of the high costs involved on the development of such waterway, the project has been indefinitely delayed. It is our intention to show an alternative way to reduce the present obstacles by using a budget oriented approach in order to determine the vessel best suited to use on the proposed waterway. So far, every study related to the project has been focused on the amount of work needed to modify the environment in order to accommodate the hardware already available in the region. The conclusions show that the cost of opening and maintaining the required navigation channel is high enough to discourage investment; the added responsibility to take care of any environmental damage incurred during the building and/or operation of the waterway makes searching for a less costly and hazardous option an interesting challenge. The proposed terminal on the Cebollat? River would be located at the heart of the Uruguayan rice growing region. Uruguay exports 90% of its rice production, being Brazil its biggest buyer. Wood chips and clinker are the other types of cargo considered to use the proposed waterway in route to either Brazil or to overseas destinations through the deep water port of Rio Grande. Through the analysis of local data by a Geographical Information System, international regulations regarding inland waterways and shallow draught vessel characteristics, we seek to propose a cost efficient alternative to apply on this particular scenario.

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On the Analysis of Transportation Process of Pusan Port (시뮬레이션에 의한 부산항만 운송과정의 분석에 관하여)

  • 박계각
    • Journal of the Korean Institute of Navigation
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    • v.10 no.1
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    • pp.101-127
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    • 1986
  • Transportation provides an infrastructure vital to economic growth, and it is an integral part of production . As a port is the interface between the maritime transport and domestic transport sectors, it certainly plays a key role in any economic development. Therefore, it is doubtless that inadequacy of a nation's port will depress the level of throughput, to the level where it fails to meet the target set by the national economic planning schemes. Korea is surrounded by the seas and the economic structure of Korea consists of processing trades, so that it cannot be overstated that substantial economy in maritime transport coasts can be achieved through the improvement of the port transport system. This paper treats the transportation process in Pusan Port by Queueing Simulation method, and the reasonable size of Pusan Port is suggested from the point of view of efficiency maximization. The results of the analysis are summarized as follows; 1) the utility rate is 47.91 percents in general piers, 85-52 percents in container piers, and waiting time 5.2hrs, in general piers, 0.8 hrs, in container piers, and the probability of maximum queue length 12 ships in general piers, 2 ships in container piers, and the probability of waiting is 44 percents in general piers, 8 percents in container pier. 2) in general piers, the improvement of app. 30 percents in port capacity is desirable for operating effectively concerning the current arrival rate. By introducing the traffic control ion container piers, there is no apparent necessity of port investment, but I is expected to reduce invisible congestion occurred along the waiting line. 3) On Pusan Port, the optimal utility rate and the optimal arrival rate for reducing waiting time are 3.5 to 4.0(hrs./ship) in general piers, 5.1 to 6.0(hrs./ship) in container piers.

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Cooperation Measures for Agricultural Infrastructure Development in North Korea (북한 농업생산기반조성 현황과 협력 방안)

  • Choe Jin Wook
    • Proceedings of the Korean Society of Crop Science Conference
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    • 1998.10a
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    • pp.134-158
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    • 1998
  • The objectives of this article are to identify the current status of agricultural infrastructure in North Korea and to suggest some cooperation measures among South and North Koreas and international agencies in order to develop the North Korea's agricultural infrastructure. The area of cultivated land in North Korea is 1,992 thousand ha (paddy field: 585 thousand ha: upland: 1,407 thousand ha) in 1997. Major water use facilities in North Korea are 1,900 reservoirs (included 100 big dams), 36,400 irrigation pumping stations, 1,600 drainage pumping stations, and 14'a,000 wells. In addition, there is 'two thousand Ri canal construction project' linking the rivers of Aprok, Daeryong, Daedong, Jaeryong, and Yesong. The unit of paddy land consolidation is about 1 ha which is regarded as rational for agricultural mechanization. The project of 'Darak' upland construction to create small size farmland, which has been carried out since 1976 has been unsuccessful due to the shortage of construction equipment. The area of farmland created by reclamation by 1995 is only 75 thousand ha although the potential project area is at)out 320 thousand ha along the western coast. It is due to the fact that civil engineering technologies and equipments are old and investment funds are insufficient. These are a few suggested areas of cooperation among South and North Korea and international agencies in order to improve North Korea's agricultural infrastructure : i) see land reclamation and land consolidation projects to increase paddy fields for rice production; ii) rehabilitation project in farm land areas devastated by flood; and iii) agricultural water development project which including diagnosing and rehabilitating irrigation and drainage facilities.

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Technology Innovation Activity and the Default Risk : the Mediation Effect of Sales and Profitability (기술혁신활동이 부도위험에 미치는 영향에 있어서 매출액과 수익성의 매개효과)

  • Kim, Jin-Su;Yun, Young-Jun
    • Journal of Korea Technology Innovation Society
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    • v.12 no.4
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    • pp.715-739
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    • 2009
  • Technology innovation activity plays an important role in increasing a sales by bringing on the improvement of product's performance and a profitability by reducing the cost of production. Thus, technology innovation activity can reduce the default risk of firms. However, in spite of these effects of technology innovation activity, this activity can make the default risk of firm because it induce a firm to much investment of resources. This study examines the effect of technology innovation activity on the sales, profitability, and default risk of firms. This study's sample consists of manufacturing firms listed on the Korea Stock Exchange from January 1, 2000 to December 31, 2008. The results show that technology innovation activity has a positive effect on the sales (profitability) but a negative effect on the default risk of firms. Also there is the significant mediation effect of sales and profitability.

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Techno-economic Evaluation of an Ethanol Production Process for Biomass Waste (바이오매스 폐기물의 에탄올 생산 공정의 기술경제성 평가)

  • Gwak, In-seop;Hwang, Jong-Ha;Lee, See Hoon
    • Applied Chemistry for Engineering
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    • v.27 no.2
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    • pp.171-178
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    • 2016
  • Extensive efforts from all over the world have been made to solve energy problems, such as high oil prices, global warning due to the depletion of oil. Among them, biofuel has been drawing attention as a clean energy, which can replace fossil fuels. However, conventional biofuels were often converted from eatable biomass such as sugar cane, corn and soy which should be replaced with uneatable biomass. In this study, a techno-economical evaluation of the gasification of biomass waste with mixed alcohol synthesis process was performed. Considering available domestic biomass wastes, a 2000 ton/day conversion plant were assumed to produce 533000 L/day ethanol. Also, financial data from previous studies were evaluated and used and economical sensitivities with various operation conditions were established. Economic analysis were conducted by the payback period and internal rate of return (IRR) and net present value (NPV). Sensitivity analyses of raw material costs, initial investment, the major process cost, ethanol price changes and operating costs were all performed.

The Development of Agriculture and Society in Late Chos$\hat{o}$n Dynasty, 1700-1870 (조선후기(朝鮮後期) 농업(農業)과 사회발전(社會發展)의 역사적(歷史的) 성격(性格))

  • Lee, Hochol
    • Current Research on Agriculture and Life Sciences
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    • v.13
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    • pp.1-7
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    • 1995
  • The Chos$\hat{o}$n society witnessed internal unrest that culminated in popular uprisings during the years of 1700~1870, and this circumstances in Korean society offered a good opportunity to reorganize the relationship between production and society. However, it is not clear whether this pointed toward a modern capitalist society. Nevertheless, Korean society and agriculture developed under various difficult circumstances. In the view of the increase of land productivity and population during this period. Despite such tribulations, alter WWII the country underwent rapid industrialization, but it is not clear how lar the historical experience aided this development. The educational investment which builds upon the peasants' work morale and thriftiness certainly transforms the human capital and thus exerts important influence on the development of Korean modernization.

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A Study on Korean FDI in China by Industries and Intra Industry Trade between Two Countries (한국의 대 중국 업종별 FDI와 산업내무역에 관한 연구)

  • Kim, Seong Ki;Kang, Han Gyoun
    • International Area Studies Review
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    • v.13 no.3
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    • pp.759-780
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    • 2009
  • The purpose of this paper is to analyse the effect of Korean FDI(1990-2008) in China by industries on exports and imports between two countries. We use time series regression, Vector Error Correction Model and Impulse Response Function as methodologies. Our findings through empirical tests are as follows. First Korean FDI in China increases Korean exports with China but shows a tendency to decrease due to the local content of China. Second Korean FDI in China increases Korean imports in SITC 8 with China. Finally Korean trade surplus caused by Korean FDI in China shrinks due to the decreasing of exports and increasing of imports in Korea. Korean FDI in China should be oriented host country's market oriented rather than production efficiency oriented because of unfriendly foreign investment environments in China.

The Pattern of Penetration of US Films into Foreign Film Markets (타국영화산업에 대한 미국영화산업의 진입패턴)

  • Choi, Young Jun;Hwang, Yoon Seop
    • International Area Studies Review
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    • v.12 no.3
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    • pp.135-149
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    • 2008
  • This paper studies the determinants of the pattern of penetration of US films. The global dominance of US films has been an important issue. There has been several factors that make US films competitive global film market. Market size, large investment and political hegemony have been regarded as important determinants. But the number of varieties has not been considered, although the variety is important in the pattern of differentiated products such as films. This study is purposed to analyze the export pattern of US films and to find factors that affects the pattern of trade in films. The export pattern of US films to the seven leading countries in production of films is analyzed. The US tends to export more to the country with smaller number of films produced domestically. This paper concludes that number of films is the important determinant of the pattern of trades in US films.

The Effect of Productivity on Firm's Energy Consumption: An Empirical Analysis of Productivity Dilemma (생산성이 기업의 에너지소비량에 미치는 영향 분석: 생산성 딜레마 검증)

  • Cho, Sung-Taek
    • International Area Studies Review
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    • v.22 no.1
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    • pp.41-60
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    • 2018
  • It is widely known that the increased productivity lead to a decrease in energy consumption. The policy for reducing energy consumption is also focusing on the improvement of firm's productivity. However, the issue of productivity dilemma phenomenon is recently raised in various fields. It is phenomenon that the increased productivity rather lead to a increased in energy consumption through a rise in output. This paper analyzed the presence of productivity dilemma in korean firm using Tang et al(2015)'s theoretical model. To closely analyze, I performed the analysis using 715 firms during 2011-2015 and estimated the model using system GMM to minimize the endogeneity. The results show that total effect of productivity had a significantly negative coefficient. It is implies that the increased productivity doesn't increase energy consumption. In other word, this paper could not identified productivity dilemma and so did in overseas investment firm and national firm cases.

Economical & Technological Ripple Effects in Acquiring New Weapon System : Focused on Ground·Sea·Air Weapon System (국방무기체계 연구개발 기반 경제적·기술적 파급효과 : 지상·해상·공중 무기체계를 중심으로)

  • Shin, Sang-Wook;Oh, Cheon-Kyun;Yim, Dong-Soon;Choi, Bong-Wan
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.4
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    • pp.111-122
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    • 2018
  • The private sector is currently reviewing the feasibility of the project or deciding economic policies by analyzing the economic ripple effects. However, the arms acquisition project focuses on the need for the national defense weapons system by analyzing the costs and the effectiveness of the analysis and reviewing the necessity and feasibility of the project. In order to analyze the economic ripple effects, KB (the Bank of Korea) prepares and publishes an analysis table of industrial associations in a given unit. IAAR (the industrial association analysis report) is difficult to apply directly to the defense weapons system. Therefore, research on the economic ripple effects applicable to the defense arms procurement project was needed. In this study, we propose the generic methodology for estimating economical and technical ripple effects resulted in acquiring new weapon systems. Based on the analysis of inter-industrial relations, economical ripple effects are estimated with production inducing effects, value-induced effects, employment-induced effects and export-induced effects. Also, the technological ripple effects are estimated with technological intensity represented by investment cost in research and development. To show the validity of proposed methodology, a case study of acquiring new weapon systems such as GR (guided rocket), destroyer, and helicopter is accomplished. From the case study, it is concluded that these economical & technological ripple effects can be used as a reference to decision making in the course of acquiring major future defense weapons systems.