• Title/Summary/Keyword: economic management

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A Study on Corporate Social Responsibility and Moral Management

  • Kim Taek;Yong Young Rok
    • International Journal of Advanced Culture Technology
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    • v.12 no.2
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    • pp.43-50
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    • 2024
  • Foreign scholars pointed out that the root of the Korean economic crash was A Study on Corporate Social Responsibility and Moral Management due to the government's excessive regulations, the harmful effects of government finance, and the high-cost political structure. Despite the need to ease the rigidity of governmental finance and various regulations and operate the financial system through autonomous market mechanisms, it was argued that various bribes, express fees, and collusive lobbying funds were inevitably generated due to discretionary acts of bureaucrats with licenses and permits, complicated administrative procedures and systems, and regulatory changes in government policies. In fact, in developing countries, corruption was a necessary evil for economic development and was seen as a lubricant in economic management. The purpose of this study is to study the social responsibility and corporate ethics of chaebol. First: consider the problems of large corporations. Second, We will consider the direction and policy of corporate ethics. This paper sheds light on the ethical management of the Korean chaebol, considering that corporate ethics and transparency for the social responsibility of chaebols are important

Economical Approach to Optimal Spectrum Operation in Mobile Networks (경제성을 고려한 이동통신망의 최적 주파수 운용 방안)

  • Yang, Won-Seok
    • Korean Management Science Review
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    • v.27 no.2
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    • pp.21-29
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    • 2010
  • We consider an economic approach for spectrum operations in mobile networks. We present the investment function of base stations according to the number of FAs assuming the linearity of cell splitting. We show that there is an economic amount of spectrum which corresponds to the optimal number of FAs that minimizes the investment. We analyze the impact of the cost structure and the traffic distribution in base stations on the economic amount of spectrum. This paper is applicable to an economic spectrum operation for mobile operators. In addition, the national regulatory authority can use the economic amount of spectrum as the minimal amount for spectrum allocation.

Fishermen's Perception and Economic Feasibility of Inland Waters Ranching Project : Focusing on the Branches of Geum River (내수면목장화사업의 어업인 인식도 및 경제효과 : 금강 지천을 중심으로)

  • Hwang, Jin-Wook
    • The Journal of Fisheries Business Administration
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    • v.53 no.2
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    • pp.1-20
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    • 2022
  • This study is aimed to analyze fishermen's perception and the economic feasibility of inland waters ranching project on the branches of Geum River. Analysis of fishermen's perception on the branches of Geum River showed that fishermen had an affirmative response on the inland freshwater ranching project related issues such as fisheries resources enhancement, necessity of project, economic achievement as so on. The model of inland waters ranching project on the branches of Geum River is designed to fisheries resources enhancement, habitat compositiom, ecology tours, use and management of resources. The results of the economic feasibility of inland waters ranching project on the branches of Geum River were internal rate of return (IRR) was 18.43%, a benefit-cost ratio was shown to be 1.54, net present value (NPV) was 4,929 thousand won, which indicates the economic feasibility of inland waters ranching project.

Human functions in innovation and sustainable marketing

  • Jat-Syu Lau;Ziyuan Li
    • Advances in concrete construction
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    • v.16 no.2
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    • pp.97-106
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    • 2023
  • This research endeavors to explore the enhancement of workforce economic efficiency through the application of nanotechnology, focusing on its economic implications. The findings of this investigation reveal that in recent years, surging global population growth and escalating demands for products and services have led to excessive resource consumption, resulting in adverse environmental consequences and altering environmental conditions-a phenomenon referred to as the economic growth dilemma. Entrepreneurs and economic stakeholders have begun to recognize the importance of sustainable development and the integration of environmental considerations into the production of goods and services. Within this context, knowledge-based economies have emerged as a driving force for sustainable business practices, particularly in the realm of nanotechnology. The integration of nanotechnology across various industries, including pharmaceuticals, agriculture, environmental management, and the chemical and petroleum sectors, as well as energy distribution, has yielded remarkable results. Consequently, this research aims to investigate the application and integration of nanotechnology in environmentally friendly silver nanoparticle production within select industries. Subsequently, it will examine the far-reaching implications of nanotechnology on economic growth and sustainable development.

An Empirical Study on the Impact of Quality Oriented Corporate Culture on Sustainability Management Performances (공급사슬 내에서 품질지향적 기업문화가 지속가능경영성과에 미치는 영향에 관한 실증연구)

  • Woo, Moo-Jin;Park, Jong-Woo;Jung, Byeong-Yeong
    • Journal of Distribution Science
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    • v.12 no.6
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    • pp.31-39
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    • 2014
  • Purpose - Environmental issues, climatic changes, and greenhouse gases are problems to be solved at a global level. With an increased emphasis on the environmental and social responsibility of the management of companies, the manner in which companies approach quality-oriented culture and their individual sustainability management are being discussed as truly important issues to help them secure their competitiveness and growth strategies. This study proposes strategic directions to help manufacturers not only in expanding their competitive quality-oriented company culture but also in strengthening their sustainability management abilities. This study conducts a literature review and empirical research to examine how significantly the variables of a quality-oriented company culture, customer-centered management, and process-centered and supply chain management-centered cooperation affect sustainability management performance in relation to economic profitability, environmental integrity, and social responsibility. Research design, data, and methodology - To verify research models and hypotheses, the study examined 170 companies using a questionnaire survey conducted over six weeks, and involved the performance of data analysis on 146 samples. Questionnaire responses were calibrated based on a Likert scale. The study used the Smart PLS 2.0 program designed for PLS (partial least squares), an analysis instrument of SEM (structural equation modeling). The study then verified empirical research hypotheses working on reliability analysis, validity analysis, factorial analysis, and path analysis. Results - Among the nine hypotheses, four are accepted and the rest are rejected. A quality-oriented company culture focusing on customer-centered management significantly influenced the maintainability management performance of environmental integrity and social responsibility, while economic profitability was dismissed. A process-focused quality-oriented company culture was significantly concerned with economic profitability but not with environmental integrity or social responsibility. A supply-chain cooperative company culture had a significant effect on economic profitability but not on environmental integrity or social responsibility. Conclusion - This study proposes strategic directions to help manufacturers expand their competitive quality-oriented company culture as well as strengthen abilities with sustainability management. It conducts a literature review and empirical research to examine how significantly the variables of quality-oriented company culture, customer-centered management, and process-centered and supply chain management-centered cooperation affect sustainability management performance in relation to economic profitability, environmental integrity, and social responsibility. There are two main conclusions. First, companies should consider the need for social responsibility management and environmental transparent management-focused maintainability management as avenues to create new markets and business, thereby helping the companies secure a reputation for having a customer and process-centered quality-oriented company culture by creating shared values between supply chains and enabling win-win situations through cooperation. Second, we are marching towards a creative win-win era from a society of conflicts and ruptures. Companies should understand that social responsibility management and supply chain management (SCM)-focused cooperation are the foundations of sustainable development, as they try to improve their culture while pursuing both win-win relationships with interested parties and equity in various conflictive relations.

A study on the Economic Analysis of Electronic Records & Archival Management in the Public Institutions (공공 전자기록관리의 경제성 분석을 위한 연구)

  • Hyun, Moonsoo
    • The Korean Journal of Archival Studies
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    • no.47
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    • pp.255-286
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    • 2016
  • This study aims to propose a tool for a comparison of public electronic records management in a public institution and a private records management facility and to reveal the considerations prior to decisions on the way of management. For developing a tool, it chooses CoMMPER as a basic model and modifies it after reviewing existing cost models, because only CoMMPER can over public records management. Modified-CoMMPER is added a new cost area[Aquisition], and is modified and extended cost elements and generic cost factors for the comparison. Public institutions which consider whether commission the management of public electronic records can use Modified-CoMMPER for comparing economic impacts in terms of long-term preservation. To make a rational decision on the way of management based on the economic analysis, this study proposed 3 main task. Fist, the scope of the activities has to be defined, second, the cost-effectiveness has to be estimated base on the cost model, for example Modified-CoMMPER, third, policy-making for the management of public electronic records must be proceeded based on the various researches on the cost of records management.

The Antecedent Factors for Distribution of Improving Hotel Performance During Covid-19: Evidence from Five-Star Hotels in Bali-Indonesia

  • WITARSANA, I Gusti Agung Gede;YASA, Ni Nyoman Kerti;SUKAATMADJA, I Putu Gde;SURYA, Ida Bagus Ketut
    • Journal of Distribution Science
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    • v.20 no.7
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    • pp.11-22
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    • 2022
  • Purpose: Since the emergence of the Covid-19 pandemic, almost all the hospitality industry has experienced a decrease in the distribution of room occupancy. Therefore, this study aims to examine how to improve the performance of 5-star hotels in Bali by involving market orientation, revenue management orientation, competitive advantage, dynamic capability, and pricing capability. Research design, data and methodology: This study involved 127 managers in 62 five-star hotels in Bali. Analysis of this study using structural equation modelling (SEM) with SmartPLS software. Results: This study reveals that the performance of five-star hotels in Bali is influenced by factors such as market orientation, revenue management orientation, competitive advantage, dynamic capability, and pricing capability. In addition, revenue management orientation, competitive advantage, and dynamic capability have been shown to mediate the effect of market orientation on the performance of five-star hotels in Bali. Finally, pricing capability has been proven to have not been able to increase the revenue and performance of five-star hotels in Bali. Conclusions: Hotel performance is largely determined by several important factors which include market orientation, revenue management orientation, competitive advantage, dynamic capability, and pricing capability. This study provides important implications for hospitality practitioners to improve the distribution of hotel performance.

Economic Design of VSI $\bar X$ Control Chart for Decision to Improve Process (공정개선 의사결정을 위한 VSI $\bar X$ 관리도의 경제적 설계)

  • Song, Suh-Ill;Kim, Jae-Ho;Jung, Hey-Jin
    • Journal of Korean Society for Quality Management
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    • v.35 no.2
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    • pp.37-44
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    • 2007
  • Today, the statistical process control (SPC) in manufacture environment is an important role at the process by the productivity improvement of the manufacturing systems. The control chart in this statistical method is widely used as an important statistical tool to find the assignable cause that provoke the change of the process parameters such as the mean of interest or standard deviation. But the traditional SPC don't grasp the change of process according to the points fallen the near control limits because of monitoring the variance of process such as the fixed sampling interval and the sample size and handle the cost of the aspect of these sample point. The control chart can be divided into the statistical and economic design. Generally, the economic design considers the cost that maintains the quality level of process. But it is necessary to consider the cost of the process improvement by the learning effects. This study does the economic design in the VSI $\bar X$ control chart and added the concept of loss function of Taguchi in the cost model. Also, we preyed that the VSI $\bar X$ control chart is better than the FSI $\bar X$ in terms of the economic aspects and proposed the standard of the process improvement using the VSI $\bar X$ control chart.

A Study on the Economic Life Cycle Decision Method of Aircraft Direct Support Equipment (항공기 지원 장비 경제수명 결정에 관한 연구)

  • Kim, Si Yeon;Choi, Bong-Wan;Oh, Hyun-Seung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.4
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    • pp.193-201
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    • 2014
  • This study attempts to utilize the economic efficiency analysis results focused on the break-even point as an indicator for the decision making of commanders and staff. We suggested a method of determining economic life by utilizing logistics information system and commercial program Minitab with a focus on the equipment's operational environment and performance data, whereas previously the equipment's retirement period was simply determined by the current equipment prices and sustainable period.

Analysis of Economic Life Cycle for Hydro-Generator Based on Annual Equivalent Cost Method (연간등가비용법을 이용한 수력발전기의 경제적 수명주기 분석)

  • Lee, Sung-Hun;Chang, Jeong-Ho;Kim, Jin-O;Lee, Heung-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.11
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    • pp.1993-1999
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    • 2011
  • Today, the power utilities is setting on the slow load growth and the aging of power equipment, and then could spend the efforts on the stability of system performance. Asset management may be defined as the process of maximizing corporate profit by maximizing performance and minimizing cost over the entire life cycle of power equipment. Therefore, asset management is great way to fulfill the economic investment and the stability of system performance. This paper presents the application of effective asset managem ent from an economic perspective. A proposed method is considering the life cycle analysis using life cycle cost methodology for hydro-generator during the total life cycle. The life cycle cost methodology include a way to calculating maintenance and operating costs. The proposed method will be expected to play an important role in investment decision making considering economic evaluation.