• Title/Summary/Keyword: Supply rate

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The Impact of Macroeconomic Variables on the Profitability of Korean Ocean-Going Shipping Companies

  • Kim, Myoung-Hee;Lee, Ki-Hwan
    • Journal of Navigation and Port Research
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    • v.43 no.2
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    • pp.134-141
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    • 2019
  • The objective of this study was to establish whether global macroeconomic indicators affect the profitability of Korean shipping companies by using panel regression analysis. OROA (operating return on assets) and ROA (ratio of net profit to assets) were selected as proxy variables for profitability. OROA and ROA were used as dependent variables. The world GDP growth rate, interest rate, exchange rate, stock index, bunker price, freight, demand and supply of the world shipping market were set as independent variables. The size of the firm was added to the control variable. For small-sized firms, OROA was not affect by macroeconomic indicators. However, ROA was affected by variables such as interest rates, bunker prices, and size of firms. For medium-sized firms, OROA was affected by demand, supply, GDP, freight, and asset variables. However, macroeconomic indicators did not affect ROA. For large-sized firms, freight, GDP, and stock index (SCI; Shanghai Composite Index) have an effect on OROA. ROA was analyzed to be influenced by bunker price and SCI.

The Changing Patterns of Demand-Supply and Role of Mineral Resources in Economic Growth during Industrialization of the Republic of Korea (한국공업화과정(韓國工業化過程)에서의 광물자원(鑛物資源)의 수급구조변화(需給構造變化)와 경제성장(經濟成長)에 있어서의 역할(役割))

  • Yun, Suckew
    • Economic and Environmental Geology
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    • v.18 no.1
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    • pp.65-92
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    • 1985
  • A total of 12 mineral commodities significant in domestic output, economy and/or strategy of the Republic of Korea are chosen to examine the structural changes in production and demand-supply of these minerals during the last two decades of her industrialization. These include iron and manganese ores as the raw materials for iron and steel making, copper, zinc and tungsten ores among other non-ferrous metallic minerals, limestone (cement), kaolin, talc, pyrophyllite and graphite among other non-metallic minerals, and anthracite coal as the only domestic source of fossil energy. These are reviewed historically in time-series based on the statistical data which are tabulated and graphed in terms of domestic output, export, import, apparent demand-supply, its increasing rate, and self-sufficiency rate of each commodity. The increasing rates of demand-supply (IRDS) of some more important commodities are compared with those of Gross Domestic Production (GDP) and Economic Growth Rate (EGR) to evaluate how the IRDS contributed to the GDP and EGR. The major results revealed are as follows: Among the 12 commodities, the domestic output of 8 commodities appeared to have grown with steady upward trends: they are ores of lead, zinc and tungsten, limestone (cement), kaolin, talc, pyrophyllite and anthracite coal. Two commodities, ores of iron and copper, continued with unchanging or slightly declining trends and varied fluctuations, in spite of their cardinal importance to the heavy industry and strategy of Korea. The remaining two, graphite and manganese ore, have gradualy declined in domestic output in which the former has still enough resource potential but the latter has not and virtually ceased its domestic output. Trade patterns for mineral commodities in the Republic of Korea during the last two decades have changed greatly, being marked by a shift from mineral-exporting to mineral importing, mainly because of increasing consumption of mineral raw materials for industrialization rather than beceuse of decreasing output of domestic mineral commodities in quantity. In terms of trade patterns, the 12 commodities concerned in this study can be classified into the following four groups. The 1st group - ores of lead and tungsten have only been exported without imports. The 2nd group - amorphous graphite, and pyrophyllite have mainly been exported but partly been imported. The 3rd group - kaolin, talc and crystalline graphite have equally been exported and imported, but quantity of imports have rapidly been increased with time. The 4th group - ores of iron, manganese and zinc have shifted from exports to imports during the industrialization, particularly owing to the initiation of iron and steel making by the Pohang Iron and Steel Company in the middle 1970' s and the new establishment of the Onsan Zinc Refinery in the late 1970' s. All of the 12 commodities under considerations were far above 100% in self-sufficiency rate before or in the early 1960' s. Recently, however, most of them have been declined to below 100% except for those of limestone (cement) and pyrophyllite. It is particularly serious to identify that the self-sufficiency rates of the three important metallic minerals, iron, copper and manganese ores in 1982 appeared to be 5.1%, 0.5%, and 0.01%, respectively. The average self-sufficiency rate of the total domestic minerals produced in 1982 was 14.4% (in value) for that year. Mining industry appeared to be extremely high in its intermediate demand rate whereas its intermediate input rate to be quite low indicating that mineral raw materials have been exerted strong forward linkage effects upon the other industries rather than backward linkage effects. In comparing the curves of increasing rates of demand-supply of several major minerals - iron ore, manganese ore, copper ore, limestone (cement), kaolin, and anthracite coal - with those of Gross Domestic Production and Economic Growth Rate drawn on every graph, it is clearly shown that the curves of increasing rates of demand-supply comprise around 6 to 7 periods of cycles which roughly harmonious with those of the curves of GDP and EGR, except for the curve of anthracite coal of which the configuration seems to have resulted from the (artificial) government's mineral policy rather than from economic free market mechanism. The harmonic feature of these curves well suggests that the increasing rates of demand-supply of major minerals have been significantly contributed to the GDP and EGR. In addition, the wider amplitudes of the iron, manganese and copper curves than those of the limestone (cement) and kaolin curves indicate that the contribution of the former, metallic commodities, has been greater than that of the latter, non-metallic commodities.

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A Study on the Effect of Sustainable Supply Chain Activities on the Performance of Supply Chain Participants -Focusing on the performance creation process of suppliers and buyers- (지속가능 공급망 활동이 공급망 참여 기업의 성과에 미치는 영향에 관한 연구 -공급사 및 구매사의 성과창출 과정을 중심으로-)

  • Park, Eun Shil;Choi, Do Young
    • Journal of Digital Convergence
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    • v.20 no.1
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    • pp.107-117
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    • 2022
  • This study aims to examine the relationship between the economic, environmental and social activities of sustainable supply chains and the customer satisfaction and customer retention rate, which are the final results in the supplier's operational performance and the buyer's market performance. The survey was conducted on employees in charge of supply chain management, purchasing company, partner company, and logistics management in the company. The final 193 valid data were analyzed to verify the research hypothesis. The results of the study showed that the economic and social activities of the sustainable supply chain had a positive effect on the supplier performance and the purchaser performance, but environmental activities had a negative effect on the supplier performance. In addition, the purchasing company performance has a positive effect on customer satisfaction and customer retention rate. This study provides a theoretical basis for sustainable supply chain activities to affect the operating performance of suppliers and the market performance of buyers, and suggests implications for enhancing the competitiveness of companies through the performance creation process that affects customer performance.

Design and evalution of pulsed $CO_2$ laser system using high repetition ratio and high precision (고반복율 및 고정밀방식을 이용한 펄스형 $CO_2$ Laser 시스템 설계 및 평가)

  • 김흥수;김휘영
    • Journal of the Korea Computer Industry Society
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    • v.2 no.8
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    • pp.1055-1062
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    • 2001
  • Study, it is the purpose to develope a cheap and compact pulsed $CO_2$ laser with pulse repetition rate range of 1 KHz. We used a IGBT switched power supply as a power supply, which is cheap and simple comparing to others. PIC one-chip microprocessor was used for precise control of a laser power supply on the control part. And the laser cavity was fabricated as an axial and water cooled type. The laser performance characteristics as various parameters, such as pulse repetition rate, gas pressure, and gas mixture rate have been investigated. The experiment was done under the condition of total pressure of $CO_2$$N_2$:He = 1:3:10, 1:1.5:5, 1:9:15 from 6 Torr to 15 Torr and pulse repetition rate from 100 Hz to 900 Hz. As a result, the maximum average outpu was about 20.5 W at the total pressure of 15 Torr, the gas mixture $CO_2$$N_2$:He = 1:9:15 and the pulse repetition rate of 700 Hz.

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A Study on the Development of High Efficieny $CO_2$ Laser : Output Characteristics of Pulsed $CO_2$ Laser Using SMPS Method (고효율 $CO_2$ Laser 개발 연구 : SMPS 방식 펄스형 $CO_2$ Laser의 출력특성)

  • Chung, Hyun-Ju;Lee, Dong-Hoon;Nam, Gyung-Hoon;Kim, Do-Wan;Chung, Young-Hwan;Lee, Yu-Soo;Kim, Hee-Je;Cho, Jung-Soo
    • The Transactions of the Korean Institute of Electrical Engineers C
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    • v.48 no.11
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    • pp.730-734
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    • 1999
  • In this study, it is the purpose to develope a cheap and compact repetitively pulsed $CO_2$ laser with pulse repetition rate range of 180 Hz. We used a SCR switched power supply as a high voltage pulsed supply, which is cheap and simple comparing to others. PIC one-chip microprocessor was used for precise control of a laser power supply on the control part. And the laser cavity was fabricated as an axial and water cooled type. The laser performance characteristics as various parameters, such as pulse repetition rate and gas pressure have been investigated. The experiment was done under the condition of total pressure of $CO_2, N_2$ and He from 4 Torr to 16 Torr and pulse repetition rate from 4 Hz to 180 Hz. As a result, the maximum average output was about 19.6W at the total pressure of 12 Torr and the pulse repetition rate of 180Hz.

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A Study on the Actual Utilization Status of Public Cremation Facilities in Each Metropolitan City by Citizens in the Jurisdiction Area and out of the Jurisdiction Area with the Use of e-Haneul Funeral Information System

  • Choi, Jae-sil;Kim, Jeong-lae
    • International journal of advanced smart convergence
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    • v.8 no.4
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    • pp.121-129
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    • 2019
  • We are based on the results of this study, the policy measures for improving the efficiency of supply & demand policy of public cremation facilities in six metropolitan cities in the whole nation could be suggested as follows. First, when the utilization rate of public cremation facilities by citizents out of the jurisdiction area was lower, the overall demand for cremation was high. Therefore, the supply & demand policy of public cremation facilities should be carried forward by preferentially focusing on Busan Metropolitan City(4.1%) and Daegu Metropolitan City(17.9%) with low utilization rate by citizens out of the jurisdiction area. Second, the utilization variance of public cremation facilities in the whole six metropolitan cities in the whole nation, was insignificant(1.4%). Therefore, for the efficiency of supply & demand policy of cremation facilities in those six metropolitan cities, the customized-policies considering the characteristics of each metropolitan city should be carried forward in priority. Third, on the basis of 2018, the population size of those six metropolitan cities in the whole nation is from minimum 1.15million to maximum 3.39million as a large city, and relatively, they are facing many difficulties in the expansion for supply & demand of cremation facilities. Therefore, for the smooth construction of cremation facilities, it would be necessary to enforce policies that could disperse the demand for cremation through the joint construction of cremation facilities with other local governments close to each metropolitan city.

Heterogeneous Responds to Demand and Supply Oil Price Shocks: Evidence from Korea (수요와 공급 요인의 유가쇼크에 대한 한국 경제의 상이한 반응)

  • Jung, Heonyong
    • The Journal of the Convergence on Culture Technology
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    • v.4 no.3
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    • pp.93-98
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    • 2018
  • The article studies macroeconomic effects of the oil shock for Korea, which is a representative emerging economy of Asia and a small open economy. This article analyzed the macroeconomic effects of oil shocks in terms of demand and supply. In the case of Korea, oil price shocks different responds depending on factors of shock. Oil supply shock have led to a decline in industrial activity and interest rate, and oil specific demand shock have shown the greatest increase in interest rate relative to other oil price shocks. In addition, oil demand shock driven by economic activity showed that the comsumer price and the exchange rate are the largest compared to the oil shock caused by other factors. Therefore, policy makers will need to identify the source of the oil shock.

Estimation of a Transport and Distribution of COD using Eco-hydrodynamic Model in Jinhae Bay (생태계 모델을 이용한 진해만의 COD의 거동과 분포특성 평가)

  • Hong, Sok-Jin;Lee, Won-Chan;Jung, Rae-Hong;Park, Sung-Eun;Jang, Ju-Hyung;Kim, Hyung-Chul;Kim, Dong-Myung
    • Journal of Environmental Science International
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    • v.16 no.12
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    • pp.1369-1382
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    • 2007
  • To find proper water quality management strategy for oxygen consumption organic matters in Jinhae bay, the physical process and net supply/decomposition in terms of COD was estimated by three-dimensional eco-hydrodynamic modeling. The estimation results of physical process in terms of COD showed that transportation of COD was dominant in loading area from land to sea, while accumulation of COD was dominant in $middle{\sim}bottom$ level. In case of surface level, the net supply rate of COD was $0{\sim}60\;mg/m^2/day$. The net decomposition rate of COD was $0{\sim}-0.05\;mg/m^2/day$($-5{\sim}-10$ m, in depth) to 2 level, and $-0.05{\sim}-0.20\;mg/m^2/day(10m{\sim})$ to bottom level. These results indicate that the biological decomposition and physical accumulation of COD are occurred for the most part of Jinhae Bay bottom. The variation of net supply or net decomposition rate of COD as reducing land based input loading is also remarkable. Therefore, it is important to consider both allochthonous and autochthonous oxygen demanding organic matters to improve the water quality of Jinhae Bay.

Role of Chemical Fertilizer and Change of Agriculture in Korea (우리나라 농업의 변천과 비료의 역할)

  • Chung, Doug-Y.;Lee, Kyo-S.
    • Korean Journal of Agricultural Science
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    • v.35 no.1
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    • pp.69-83
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    • 2008
  • The self-supply rate of Korea in 2006 was approximately 27.3 % by importing 13.99Mt for 19.79Mt of demanded amount. Among the imported crops, wheat, corn, and soybean consumed 95 % for the total imported amount, and wheat, corn, and soybean were 3.5Mt(Table use : 0.22Mt; Feed stuff : 0.13Mt), 8.7Mt(Table use : 0.19Mt; Feed stuff : 0.68Mt), and 1.2Mt (Table use : 0.03Mt; Feed stuff : 0.09Mt), respectively. On the other hand, our government has prepared the strategies for a great fear of food according to sharp price rise of the international crops by maintaining the self-supply rate of 5 % excluding 5.23Mt of rice in Korea. Also concern for recycled energy known as future energy for era of high oil price and global warming due to green house gas is rapidly growing. Therefore, our country which has relied on import of the whole oil needed in Korea and has to keep Kyoto Agent to request reduction of green house gas fully support research and practical use for agricultural products as resource of alternate energy. At first, we have to develop the mass production technology in order to secure a program of self-supply of food for bioenergy production utilizing agricultural product in Korea. But we assume that this matter is difficult to achieve under the current agriculture system that more emphasizes the environment conservation such as environmentally-friendly agriculture than production of food.

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Evaluation of Water Supply Stability for Upland Crop in Reservoir Irrigation Districts Using Resilience Indexes (레질리언스 지표를 이용한 저수지 수혜구역의 전작농지 용수공급 안정성 평가)

  • Park, Jinseok;Jang, Seongju;Lee, Hyeokjin;Shin, Hyungjin;Chung, Soo;Song, Inhong
    • Journal of The Korean Society of Agricultural Engineers
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    • v.66 no.1
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    • pp.25-37
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    • 2024
  • As the agricultural land use shifts from paddy to upland, ensuring reservoir water supply stability for upland crop irrigation becomes essential. The objectives of this study were to estimate the irrigation water requirements considering the upland irrigation scenario and to evaluate the reliability of the water supply from the agricultural reservoir using resilience indexes. Two study sites, Sinheung and Hwajeong, were selected, and soybean and red peppers, the most water-intensive crops, were selected as study crops, respectively. For the irrigation scenario, two irrigation methods of traditional scheduling (which irrigates all sites at once) and rotational scheduling (which distributes irrigation by districts), along with the upland conversion rate, were considered. The net irrigation requirement was estimated through a water balance analysis. The stability of the reservoir was evaluated using resilience indexes based on the simulated 10-years reservoir water levels and drought criterion. Overall, the water supply of the reservoir was evaluated as stable during the simulated 10 years, except for the one year. Compared to the two irrigation methods, rotational scheduling resulted in lower irrigation water usage in both sites, with reductions of 1.6%, and 0.3%, respectively. As the upland conversion rate increases, the water deficit could be intensified in Hwajeong with a conversion rate exceeding 50%, showing the number of deficit(ND) over the one and a rapid increase in the deficit ratio(DR). It was confirmed that the reservoir operation criteria can be enhanced by incorporating resilience indicators along with crop growth information, thus, this will be a further study.