• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.4
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• pp.240-246
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• 2022

This paper introduces a container loading problem and proposes a theoretical approach that efficiently solves it. The problem is to determine a proper weight of products loaded on a container that is delivered by third party logistics (3PL) providers. When the company pre-loads products into a container, typically one or two days in advance of its delivery date, various truck weights of 3PL providers and unpredictability of the randomness make it difficult for the company to meet the total weight regulation. Such a randomness is mainly due to physical difference of trucks, fuel level, and personalized equipment/belongings, etc. This paper provides a theoretical methodology that uses historical shipping data to deal with the randomness. The problem is formulated as a stochastic optimization where the truck randomness is reflected by a theoretical distribution. The data analytics solution of the problem is derived, which can be easily applied in practice. Experiments using practical data reveal that the suggested approach results in a significant cost reduction, compared to a simple average heuristic method. This study provides new aspects of the container loading problem and the efficient solving approach, which can be widely applied in diverse industries using 3PL providers.

• Korea Trade Review
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• v.46 no.1
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• pp.135-154
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• 2021

This study aims to investigate the difference in the perception of shippers on the quality of air freight service between air express and air freight forwarders. This study suggests hypothesis verification and implications on importance-performance between two groups of air express and air freight forwarders. In this study, we find that important variables through paired t-test and importance-performance analysis. As a result of paired t-test, there was a difference in the use variables of the document work variables through computerization in the importance area. In the satisfaction area, there was a difference between the groups in the response to customer request and the response to accidents. The variables that need to improve the focus derived from the importance-performance analysis are document work through computer and response to accidents. It is necessary to observe and manage the response of shippers continuously by holding various transportation schedules in the schedule area, possibility of adjustment of transportation schedule, regular freight and schedule provision.

• Journal of Navigation and Port Research
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• v.39 no.3
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• pp.261-266
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• 2015

Many of previous studies suggested that working capital management is an important component of firm's financial decision and efficient working capital management affects firms' profitability and it's value. Recently, Korean shipping firms have been suffering from financial distress by recession of shipping economy. In this point of view, this study tries to investigate the relationship between working capital management and shipping firm's profitability, using panel data on 46 Korean shipping firms for the period of 2004-2013. As result of panel regression, it proved that average payment period, inventory turnover, cash conversion cycle and operating cycle are significantly associated with firms profitabilities such as profit margin ratio and operating profit ratio, and the manager of shipping firm can increase firms profitability by more efficient working capital management. There are strong positive relationships between average payment period and operating cycle and firm's profitability. These results suggest that managers can create firm's value by increasing average payment period and operating cycle. Otherwise inventory turnover and cash conversion cycle have negative relationships with firm's profitability. It means that managers can increase firm's profitability by reducing these variables.

• Journal of Navigation and Port Research
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• v.41 no.4
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• pp.235-242
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• 2017

Earnings management is defined as an intentional act during the financial reporting process or a manager's choice of accounting policies to avoid earnings decreases or obtain some private gains. Shipping firms have a highly debt-intensive capital structure and a significant motivation in earnings management to avoid failure of a Debt Covenant. From this point of views, this paper tries to determine the relationship between the capital structure and discretionary accruals estimated using the re-modified Jones model (1995). The sample used to test the research models is made up of 87 Korean shipping firms during the period from 2007 to 2015. A histogram analysis, t-test and FGLS confirm the possibility of using earnings management, and it proved that Korean shipping firms manage their earnings to avoid financial loss. An analysis of the relationship between the capital structure and earning managements, shows it is difficult to support the Debt Covenant, shown as a negative relationship between the debt ratio and debt maturity as shipping firms' capital structure and discretionary accruals as earning management variable. An additional analysis presents a negative relationship between previous debt maturity and discretionary accruals, and the possibility of earning management in a highly increased debt ration group.

• Journal of Distribution Science
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• v.12 no.2
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• pp.95-103
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• 2014

Purpose - Korea has a better geographical location than other nations in the Northeast Asian region. This means that Korea has an opportunity to become the center of international physical distribution in Northeast Asia. Korea should take advantage of this opportunity by exploring appropriate strategies to achieve this goal, assuming government willingness, with a view to capitalizing on the geographical advantage of the Korean peninsula and constructing a comprehensive physical distribution network system. If we prepare for this scenario, Korea could become the center of international physical distribution in Northeast Asia. Research design, data, and methodology - This study has the purpose of determining how shipping companies form partnerships with third-party logistics providers, and the relevant implications. The survey methods used were personal interview and a questionnaire distributed through e-mail, fax, mail, and telephone. A total of 600 questionnaires were distributed, out of which 285 were returned. Of the collected questionnaires, 10 were excluded because of insufficient content, leaving 275 to be used in the study as available valid samples. The data that was collected from these samples was analyzed using the data coating process and by employing a statistical package program. Results - Flexible policies, administration, and systems will be needed to create better business practices. In this dissertation, first and foremost, the results reveal that in order to become the center of Northeast Asian logistics, Korea must transition into a new paradigm based on the current economic and social systems that have stemmed from bureaucracy, inflexibility, chauvinism, and egalitarianism. Flexible policies, administration, and systems will be required to create better business practices. Domestic logistics corporations need to occupy a strategic logistics hub, create a logistics network, and activate value-added logistics business strategies by ensuring significant manpower and by building a logistics information system to strengthen their competitive edge, creating an improved system. Conclusions - In this dissertation, first and foremost, we point out that in order to become a center of North East Logistics, Korea should change to a new paradigm from the old one based on current economic and social systems that have stemmed from bureaucracy, inflexibility, chauvinism, and egalitarianism. More reasonable business laws, systems, and policies based on market-driven flexibility and transparency should be created. Moreover, social norms and rules should be reasonably established, to accomplish political and social security. Korea has to cultivate a culture of tolerance for foreign companies. This involves a change of paradigm for the development of the capital city and satellite cities. It will take a powerful task force or organization to plan and execute the vision that aims to meet these needs, accomplish the necessary goals, use the appropriate system effectively, and make Korea a key country in the field of Northeast Asian logistics.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2004.11a
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• pp.297-302
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• 2004

This paper analyzed productivity of quay cranes on container terminal that have perpendicular yard layout block. In most existing container terminals, quay cranes of single trolley type are used to loading and unloading containers, but quay crane productivity of these type has many limitation about large size containership. For these reasons, recently quay cranes of various type that mn improve productivity are developed and as the representative example, dual trolley, double trolley, supertainer are developing. These cranes are realized that very high productivity bemuse their cycle time is short more than existent single trolley quay crane. Therefore, we analyzed productivity of these cranes that are realized by next generation crane alternatives and as result qf this research, mechaniml productivity by cycle time and net productivity by simulation were measured.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2004.11a
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• pp.183-188
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• 2004

This paper presents a method for designing layout on the yard and evaluating alternative designs of the layout by applying simulation. The design method is based on the concepts of the conventional port container terminal with yard layout, In general, yard design of the container terminal is consists of the two major parts. One is to divide yard area between the number of sections and the number of runs and the other is to decide the number of equipment that is the yard truck and yard crane. In the past days, this design was depended on the experience of the terminal operator and the reproduction of the conventional terminal layout because it is a very complex decision problem. In this paper, we suggest the method of yard design as a conceptual procedure and estimate the efficiency of the container crane and the optimal number of equipment using simulation. In the experiment results, the number of sections and runs on yard area, the number of yard truck per container crane and the number of yard crane per run are decided. In addition, the traffic flow among blocks on yard layout is estimated in terms of rate.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.19 no.4
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• pp.1024-1030
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• 2015

Safety and security system have been internationally enhanced in a field of shipping logistics. Accordingly, techniques for safety and security have been studied steadily. The need of portable radiation detection device is increasing by the search of the container is enhanced. In this paper, we propose a study to improve the life of the system and the realization of portable radiation detection device based on Cortex-A9. Configuration of a portable radiation detection device is configured largely to an analog board and the digital platform and the sensor module. The power used in each stage of the analog board is varied. Uses a switching regulator to use various power supply thereby to generate an error result and cause the switching noise. It is proposed to reduce the power consumption reducing technique for the study.

• Journal of Intelligence and Information Systems
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• v.15 no.3
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• pp.119-136
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• 2009

According to the increase of container flows and the appearance of large-sized container vessels, the container handling equipment in ports is evolving continuously. This research introduces the simulation model for evaluating in detail the mechanical productivity of container cranes. The model considers a single trolley and dual trolleys as the mechanism of a container crane and a single lift, a twin lift, and a tandem lift as the spreader type of it. Additionally, the detail specifications such as the dimension and the speed of a container crane are inputted and the kinematic characteristics of it are simulated. The model also considers the size of a vessel, the storage position of containers in the vessel, and the weight of containers as external physical constraints. Experimental conditions can be configured conveniently because various parameters in the model are separated. Moreover, the model can accommodate flexibly new equipment types and the changes of the existing equipment because it is designed and developed in object-oriented concept.

• Journal of Navigation and Port Research
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• v.29 no.6 s.102
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• pp.547-553
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• 2005

The purpose of this paper is to evaluate the quay crane productivity in automated container terminal with perpendicular yard layout. In particular, four quay crane (single trolley/dual trolley/double trolley/supertainer) are considered to evaluate the productivity on the terminal performance. Each quay crane load or unload containers by a different process. For each quay crane, two productivities are considered and compared: mechanical productivity, net productivity. As the net productivity of quay crane is significant, in this paper, an application of simulation model to simulate automated container terminal is developed and a wide variety of computational experiments were conducted.