• Journal of Korea Trade
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• 제25권1호
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• pp.18-33
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• 2021

Purpose - This paper investigates the causal relationship between logistics infrastructure development and the economic growth of Korea. Considering the industrial and economic structure of Korea, it is likely that logistics infrastructure is positively associated with the economic growth of the country. Design/methodology - The causal relationship between logistics infrastructure and economic development is estimated using Vector Autoregressive (VAR) and Vector Error Correction Model (VECM) considering long-run equilibrium between the two factors. To this end, a dataset consisting of 7 logistics infrastructure proxies and 5 economic growth indicators covering the period of 1990-2017 is used. Findings - It was found that causality, in general, runs from logistics infrastructure development to economic growth. Specifically, the results indicate that maritime transport is positively associated with the economic growth of Korea in terms of GDP and international trade. In addition, other modes of transport also have a positive impact on either the GDP or international trade of Korea. Originality/value - While existing studies in this area are based on either regional observations or a specific mode of transport, this study presents empirical evidence on causality between logistics infrastructure and the economic growth of Korea using a more comprehensive dataset. In addition, the findings in this paper can provide valuable implications for transport infrastructure development policies.

• Journal of Biosystems Engineering
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• 제12권2호
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• pp.44-59
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• 1987

The objectives of this study were to analyze and develop the model systems of rice post-harvest systems from drying to processing, and to develop a bulk system among them which requires minimum system cost and less operating time. The significance of this study was the development of a computer program (PPSARR). The PPSARR makes it possible to evaluate quantitatively the performance and economics of the rice post-harvest systems. The results show that the rice post-harvest bulk system requires less time and cost such as 37-60% and 46-59% of those of the sack system, respectively. Also, the former requires less manpower than the latter. For not more than 1,800 ton of rough rice production, the bulk system which is "drying & storage by IBDS-transport-milling" is recommended, and for more than 1,800 ton, the one which is "drying & storage by IBDS - transport - storing at flat storage improved - transport - processing by RPC" is recommended.

• 산업공학
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• 제16권1호
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• pp.34-43
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• 2003

The Korean government has been working to reduce national logistics costs since the early 1990s. One of the major plans instituted by the government was to build five complex freight terminals using ICDs(inland container depots) as hub inland terminals. This paper explains the process and the methods adopted for site selection, with special focus on the Youngnam Freight Terminal. Among nineteen developable sites in Youngnam region, four candidates were selected based on the Map Overlay Approach under several criteria, including land acquisition costs, proximity to major highways and railroads, suitability of the terrain, etc. In this study, we used the AHP to select the best site among the four sites.

• 융합경영연구
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• 제3권1호
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• pp.1-22
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• 2015

High growth and increasing traffic and transport finished vehicles, a significant impact on how organize the flow of parts to auto makers an dagencies have As a result, the automakers to improve its position as a highly responsive, with minimal costs, the out sourcing of their logistics processes. This paperis the result of field research to determine the effectiveness of the logistics industry in Iran and focuses on information technology deals the transport vehicle and parts sales deals, indicators used in the model include: IT focuses, IT Valence, IT Competency, IT Managerial Commitment, IT Resource Commitment and competitive advantage identified. Data collected by questionnaires from managers and experts have been towing companies ISACO and SAIPA trailer hypotheses using structural equation methods and software has been analyzed Amos, Results show, focusing on information technology now has significant impacts on logistics and transport. As a result the impact of, IT valence, IT competency and IT Managerial Commitment analytics to gain competitive advantage was not approved, but the rest of the factors were confirmed.

• 항공우주정책ㆍ법학회지
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• 제19권1호
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• pp.213-233
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• 2004

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.67-73
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• 2020

The paper examines the influence of internal factors and external factors on liquidity of Vietnamese listed enterprises. The study uses robust regression techniques in the fixed effects linear panel data using data collected from companies listing on the stock market in Vietnam during 2008-2019, with a total of 6,700 observations. Liquidity of Vietnamese listed enterprises is measured by current assets to current liabilities, whereas firm size, capital adequacy, profitability, leverage are used as internal determinants. Further, economic activity, inflation rate, exchange rate, and interest rate are the external factors which are considered. The research results indicate that capital adequacy, return on equity, leverage, economic activity have a positive effect on firm's liquidity, whereas return on assets and exchange rate have a negative effect on firm's liquidity and firm size, inflation rate and lending rate have no correlation with firm's liquidity. Based on the research results, the author suggests that the firms should have optimum current ratio by balancing the current assets and current liabilities in order to avoid a situation of high liquidity or low liquidity. This research seeks to bridge a gap which is present in the body of literature on listed enterprise's liquidity in Vietnam. The findings may be useful for financial managers, investors, and financial management consultants.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.177-184
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• 2020

This paper analyzes factors affecting corporate investment decisions in economic groups listed on the Vietnam stock market. The panel data of the research sample includes 39 economic groups listed on the Vietnam stock market from 2009 to 2019. The Generalized Least Square (GLS) is employed to address econometric issues and to improve the accuracy of the regression coefficients. In this research, the investment rate is a dependent variable. Cash-flow (CF), Investment opportunities (ROA), Fixed capital intensity (FCI), Leverage (LEV), Sales growth (GR), Size (SZ), Business risk (RISK) are independent variables in the study. The model results show that cash flow and sales growth have the same impact on investment decisions of economic groups in Vietnam. In addition, investment opportunities have a negative impact on the capital investment decisions of economic groups. The remaining factors include fixed capital intensity, leverage, firm size, and business risks that have a weak and insignificant impact on capital investment decisions of economic groups in Vietnam. The findings of this article are useful for business administrators, and helping business managers make the right financial decisions. Besides, the research results are also meaningful to money management agencies. The authors recommend that the State Bank of Vietnam should maintain a sustainable monetary policy.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.141-148
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• 2020

This paper analyzes factors affecting the debt maturity structure of enterprises listed on the Vietnam stock market. The panel data of research sample includes 549 non-financial listed enterprises on the Vietnam stock market from 2009 to 2019. The Generalized Least Square (GLS) tool is employed to address econometric issues and to improve the accuracy of the regression coefficients. In this research, debt maturity structure is the dependent variable. Capital structures, fixed assets, liquidity, firm size, asset maturity, profitability, corporate income tax, gross domestic product, inflation rate, credit growth scale are independent variables in the study. The model results show, that among the factors affecting the structure of debt maturity, the capital structure, asset structure, and firm size have the highest estimation coefficients, which shows that capital structure, asset structure, and firm size plays an important role in the decision-making process of debt maturity structure. The empirical results show that there are differences in the impact of these factors on the debt maturity structures in state-owned enterprises and non-state enterprises listed on the Vietnam stock market. The findings of this article are useful for business administrators, helping business managers make the right financial decisions to determine the target debt maturity structure in enterprises.

• 자원ㆍ환경경제연구
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• 제23권1호
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• pp.1-19
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• 2014

해상물류업에 기상기후정보의 이용은 자연재난으로 인한 리스크 감소, 정시도착, 고객으로부터 클레임 수 및 금액 감소, 화물파손 감소, 연료절감 등 다양한 효과를 기대할 수 있다. 기상기후정보 활용의 효율성을 표준화하는 데는 어려움이 있으나 Jeppesen사의 연료절감 성과를 적용하여 한국의 해상물류업에서 기상기후정보 활용의 경제적 성과를 VVOS의 성과를 기초로 분석한 결과, 2012년 기준으로 외항항해 국적선의 경우 약 622억 원의 연료 절감할 수 있었다. 그리고 내항항해의 경우, 연안의 풍속, 파고, 파주기 등이 화물운송에 큰 영향을 미친다고 할 수 있다. 내항운송에 악영향을 미치는 주요 기상요소는 풍속, 파고, 파주기라고 할 수 있는데, 선박 입출항실적과 기상요소와의 관계는 파고와 풍속과는 음의 관계를 파주기와는 양의 관계를 보이고 있어, 기상기후를 정확히 예측하면 입출항 실적을 제고할 수 있을 것으로 기대된다. 구체적으로, 고정효과모형에서 5% 유의수준 하에서 파고 1m 이상인 일수가 1일 증가하면 선박입출항 실적이 9.605천 톤이, 평균 풍속이 1m/s 증가하면 35.391천 톤이 감소하였다. 그리고 파주기 1초 증가하면 31.204천 톤의 실적이 중가하였다.

• 한국ITS학회 논문지
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• 제8권5호
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• pp.85-97
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• 2009

지속적인 교통수요 증가로 인하여 만성적인 교통혼잡, 연료소비 증가, 대기오염과 교통사고 등의 심각한 문제가 야기되고 있다. 이러한 문제점을 해결하고자 2007년 국토해양부 주관으로 스마트하이웨이 사업이 시작되었다. 스마트하이웨이 사업 중 도로-자동차 연계기술 중 하부 기술인 주행로이탈예방지원시스템(Lane Departure Warning System : LDWS)은 운전자가 고속도로에서 고속 주행 중 차로를 이탈할 경우 운전자에게 경고를 제공하는 시스템으로 측면충돌과 도로이탈사고를 예방하는 기술이다. 본 사업을 수행하기에 앞서 본 기술을 도입함으로 인하여 발생되는 경제성을 분석하여 타당성을 검증할 필요성이 있다. 따라서 본 연구에서는 LDWS 구축에 따른 사회경제적 효과를 분석하기 위하여 비용-편익분석 (Cost-Benefit Analysis : CBA)을 적용하였다. 발생되는 편익으로는 사고감소효과와 운전자 측면 편익을 산정하였다. 또한 주행로이탈예방지원기술의 경우 보급률에 따라 경제성이 달라지는 것을 고려하여 비관적 시나리오와 낙관적 시나리오로 구분하여 각각의 경제성을 분석하였다. B/C비 분석 결과 비관적 시나리오의 경우 2020년 0.97, 2030년 1.36으로 경제성이 있는 것으로 나타났으며, 낙관적 시나리오에서는 2020년 1.04, 2030년 1.59로 보급률이 높아질수록 경제성 또한 높아지는 것으로 나타났다. 따라서 주행로이탈예방지원기술의 도입을 통해 발생되는 경제성이 있는 것으로 판단된다.