• Title/Summary/Keyword: Trade Efficiency

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A Study on Effects of SCM and CSR of Food Export Corporation on Food Safety (식품수출기업의 SCM과 CSR이 식품안전에 미치는 영향에 관한 연구)

  • Pak, Young-Hyun;Pak, Myong-Sop
    • Korea Trade Review
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    • v.44 no.2
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    • pp.63-82
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    • 2019
  • Due to technological development in the globalized food system, quantitative problems of food supply have been solved, but food risks have expanded from problems in specific regions to global problems. In order to maximize the efficiency of agricultural production, the growth in agricultural production system, procirement of raw materials, establishment of food processing processes and establishment of food supply chain systems are required. Control of hazards requires facility and administrative efforts. In this study, we examined the role of CSR in conjunction with food safety. Food SCM is related to food safety and correlates with the food supply chain. In terms of the triple bottom line theory, CSR is correlated with SCM and it is possible to pursue food safety through corporate CSR and SCM. In this study, it is statistically confirmed that SCM and CSR are in a positive relationship. In the impact of CSR on food safety, it has been confirmed that economic responsibility and legal responsibility take precedence over environmental responsibility and social responsibility. Based on this, we can achieve food safety through SCM and CSR, and we can decide which of CSR activities can be prioritized.

A Study on the Establishment of the Korea-Russia Trade Activation with the Arctic Sea Route Cooperation (북극항로 협력 등 한-러 무역활성화 구축을 위한 연구)

  • Kim, Bong-chul
    • Korea Trade Review
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    • v.44 no.4
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    • pp.115-128
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    • 2019
  • This article analyzes issues regarding the economic development of the arctic area with the aim of finding ways to help solve the problems and to support sustainable economic development of the arctic area. Some proposals are introduced for establishing a sound legal infrastructure of the Korea-Russia economic development of the arctic area. As Russia develops the Arctic area and the route through the Arctic area, Korea will gain the possibility of transportation efficiency, vitalization of international transaction, and finding new markets. Resource development in the North Pole is ongoing, with matching international transaction and economic benefits. To reflect the Korea-Russia interests and to sustain the effect, the legal infrastructure is inevitable. For example, it would be reinforced by pushing forward the Korea-Russia FTA. The legal infrastructure for economic cooperation of Korea and Russia has to reflect that 'the development of the Arctic area and making the route through the Arctic area' should increase the sustainability and vitality of international transaction. The legal infrastructure for economic benefits can also help mitigating non-economic arguments of international community such as the security risk in the Korean-peninsula and around the world.

An analysis of retail business efficiency in Korea (소매유통업의 효율성 분석에 관한 연구)

  • Kim, Soon-Hong;Yoo, Byoung-Kook
    • Journal of Distribution Science
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    • v.12 no.4
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    • pp.23-30
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    • 2014
  • Purpose - The purpose of this study is to analyze the efficiency of retail businesses by dividing domestic retailers into discount stores, super supermarkets (SSMs), and department stores. It suggests retail-business investment strategies by using data environment analysis (DEA) to analyze how input elements such as store area, parking lot area, number of employees, and sales management expenses for the convenience of customers positively affect business performance measurements such as sales and visiting customers per day. Research Design, Data, and Methodology - The DEA model calculates a ratio of the weighted mean of various inputs to the weighted mean of various outputs and measures the efficiency of a specific decision making unit (DMU). The study included 19 companies (five discount store DMUs, ten SSM DMUs, and four department store DMUs). Because the business elements and sizes of retail store DMUs used in this analysis are different, average per-store input and output variables were used. Data were collected from "The Yearbook of Retail Industry in Korea (2012)." DEA analysis was used to determine differences in efficiency among discount stores, SSMs, and department stores in terms of the business elements of each retail business. It was also used to determine what business elements were excessively invested in by comparing and analyzing efficiency by business elements using SPSS software's ANOVA (Analysis of Variance). Results - The CCR and BCC efficiency analysis found that the efficiency of discount stores is low. We believe that the saturation state of discount stores is a major factor. The ANOVA analysis confirms the VRS hypothesis with a statistically significant difference among the three groups, based on an analysis confidence interval of 95%. CRS and SE were not found to be significantly different among the three groups. As for the post hoc test, which concretely shows differences by group, the Scheffe's multiple comparison analysis test found the average differences between group 1 (discount stores) and group 2 (SSM) to be statistically significant. Conclusions - The DEA efficiency analysis implies that investment in input elements, including store area, parking lot area, and sales management expenses, were excessive in the case of discount stores, while SSMs need to invest more in promotion activities such as gifts, events, and coupons for customer management. Department stores have found that small companies invest excessively in input elements. Department stores need to invest in differentiated shopping mall complexes. This study was limited in acquiring statistical data; various input variables which might have shown more secure customer management and promotional expenses could not be applied. As the study was limited in various aspects of the efficiency analyses because financial analyses of the companies and of causal relationships, including satisfaction and loyalty of visiting customers, were not done, these aspects will be examined in the next study.

Efficiency Analysis of ASEAN Ports Using DEA & Shannon's Entropy (DEA결합모형을 활용한 아세안(ASEAN)지역 항만의 효율성 분석)

  • Park, Seonyoul;Kim, Sangyoul;Park, Ho
    • Journal of Korea Port Economic Association
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    • v.33 no.4
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    • pp.1-16
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    • 2017
  • The total container throughput of ASEAN is expected to increase continuously with economic development. However, ASEAN port infrastructure is insufficient to handle the increasing trade volume. According to the World Economic Forum, ASEAN ports except Singapore and Malaysia are ranked in low. Participation in ASEAN port development projects can lead an increase in trade efficiency with S. Korea by improving the port infrastructure of ASEAN countries. In addition, the S. Korean port-related industry can be energized through entering ASEAN port development projects. This study, which measures the efficiency of ASEAN ports, can be used as a basic guideline for the development and the planning of the ports. This study used Data Envelopment Analysis(DEA) and Shannon's Entropy model together to measure ASEAN ports' efficiency. After measuring each DEA (CCR, I-BCC, O-BCC, SBM) weight, the efficiency of ASEAN ports is measured as reflecting each DEA weight. As a result, the ports of Singapore and Malaysia, the major ports in the world, have the highest efficiency. Further, Vietnamese ports need to raise efficiency along with increasing container throughput. Leam Chabang (Thailand), Ho Chi Minh City (Vietnam), and Tanjung Priok (Indonesia) exhibit a negative correlation between container throughput and efficiency; therefore, the ports need to improve so as to maintain competitiveness. Lastly, Cambodia, Myanmar, and Brunei, which do not have active economic development, need to improve their ports for economic development.

A Study on the Cable Length Adjustment of Cable-Stayed Bridges (사장교의 케이블 길이조정에 관한 연구)

  • 채영석;민인기
    • Journal of the Korean Society of Safety
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    • v.18 no.1
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    • pp.94-100
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    • 2003
  • Generally, cable-stayed bridges are both statically indeterminate structure with a high degree of redundancy and flexible structure. So it is very important to ensure precision control during both fabrication and construction. In precision control of cable-stayed bridges, precision control under multi-objective programming method is needed, because precision control problem of cable-stayed bridges is a multi-objective programming problem in which many objective functions are regard as variables. In previous studies, it was regarded as a single-objective problem, so it had many problems in respect of usefulness and rationalness. In this study, precision control under multi-objective programming method is proposed considering economy, efficiency, and safety at best in precision control of cable-stayed bridges. Precision control problem of cable-stayed bridges is formulated with satisfying trade-off method which is a kind of multi-objective programming method, then it is optimized with min-max method. A computer program is presented including above process.

A Study on the Effects of Tariff Reduction Induced by Internet EC (인터넷 전자상거래에 의한 관세인하 효과 연구)

  • 한억수;이상규;구희조
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 1999.12a
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    • pp.623-637
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    • 1999
  • This study firstly aims to review the discussions among major nations and international organizations on removal of tariff wall in EC. Secondly, it is analyzed how the trend of tariff reduction of removal will affect an individual economy in a partial balance analysis model on an assumed small-size economy. In closing, political implication for removal of tariffs in EC will be presented. The study concluded that tariff removal on Internet EC has both positive and negative effects on the importing economy. It can improve the efficiency in utilization of economic resources by the importing economy in the long term while cut the financial revenue and aggravate the trade balance of importing country. It is inferred from such a conclusion that tariff removal can lead to trade imbalance between the Information haves and the have-nots.

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An Empirical Study on the Impact of Compliance Program on Trade (전략물자 자율준수제도의 무역에 대한 효과 분석)

  • KIM, Hyun-Jee
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.74
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    • pp.105-124
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    • 2017
  • This study aims to present the effects of the introduction of the Compliance Program in Korea on real trade and its implication by empirical analysis. First, through regression analysis based on the data of the amount of permitted export by CP items (HSK10 units) during the period of 2010-2016 in Korea, it is revealed that the increase in export license of CP enterprises has a relatively greater effect on the increase in total imports by item. Second, since the introduction of the rating system under the optional CP in 2014, the increase in export licenses of CP companies has had a greater impact on the total export growth by items than before. Also, it is analyzed that the increase of export permission of CP companies has a relatively less effect on the increase of total imports by item than that of total exports. The results of this empirical analysis show that CP has a positive effect on exports and imports, but it needs to be supplemented in terms of efficiency.

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A Study on the Activation of Electronic Payment System in International Trade through IDENTRUS (Identrus를 통한 전자식(電子式) 무역결제(貿易決濟)의 활성화(活性化)에 관한 연구(硏究))

  • Oh, Won-Suk;An, Byung-Soo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.19
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    • pp.139-166
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    • 2003
  • The purpose of this paper is to examine whether the international electronic payment system through IDENTRUS can be active in the future or not. For this purpose, we have reviewed the various aspects of the typical systems : their types, operational mechanisms and actual limitations in real trade. Then we have proceeded to examine the distinguished features of IDENTRUS in terms of operational procedures and characteristics by comparing to other systems. Specially as the preconditions of activation, the possibilities of cost down, time reduction, risk hedging and operational efficiency have been studied. Thus we are not sure that the IDENTRUS will have a position as a main stream in the future electronic payment system, but this system would contribute positively to the establishment of electronic payment system if some functional additions will follow.

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Problems of Decarbonization of the Economy of Kazakhstan

  • Yessekina, Bakhyt K.
    • The Journal of Asian Finance, Economics and Business
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    • v.2 no.3
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    • pp.37-39
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    • 2015
  • In this article we consider the modern trends of global warming, GHG pollutions and discussions of the obligations of developed and developing countries before the UN Global Climate Summit in Paris. The article considers decarbonization as a national strategy, including complex tools for the improvement of energy efficiency, reduction of CO2 and development of emissions trading systems. The author underlines that the Central Asian countries such as Kazakhstan and Turkmenistan, have the largest GHG potential in the region, and for this reason they should be within the framework of the UNFCCC and join the international process on development of the national decarbonization strategies.Thesemeasuresallowthese countries to join the global carbon trade marketing, international financial recourses, and significantly reduce CO2 pollutions in the region.

Development of Numerical Framework for Design and Analysis of Liquid Rocket Thrust Chambers (액체로켓 추력실 설계 및 성능 분석을 위한 통합해석기법 개발)

  • Kim, Seong-Ku;Choi, Hwan-Seok
    • Proceedings of the Korean Society of Propulsion Engineers Conference
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    • 2009.11a
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    • pp.34-37
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    • 2009
  • The present study presents a numerical methodology for early conceptual trade-off study between propulsive performance, cooling efficiency, weight and size, in which combustion and cooling precesses in regeneratively cooled rocket thrust chamber are interactively simulated. To address the capabilities and reliability of the design tool, some application results are given involving contour design, performance analysis, and wall cooling prediction as well as a systematic design evaluation.

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