• Title/Summary/Keyword: Cost Impact

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Consumer response analysis to use-by date labeling system: Focused on willingness to accept

  • Jong Mun Kim;You Been Jo;Seung Hyun Han;Uhn-Soon Gim
    • Korean Journal of Agricultural Science
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    • v.51 no.3
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    • pp.399-412
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    • 2024
  • This study aimed to analyze consumers' behaviors and reactions to the use-by date labeling system and provide policy implications for its efficient implementation, by utilizing 213 consumers data conducted via an Internet survey using the Google online form. We refer "pure consumption date" as the period that have passed sell-by date yet have not passed use-by date. Consumers' willingness to accept (WTA) for pure consumption date food was surveyed, which means the discount ratio of pure consumption date food compared to the original price by sell-by date. Setting the expected effects of use-by date labeling system as five: food waste reduction (waste), food purchasing cost reduction (cost), and international standardization (standard), etc., Tobit regression result showed waste had the greatest (negative) impact on consumer's WTA, while cost and standard had positive impact on consumer's WTA. The logistic regression result revealed that consumers trying to reduce grocery costs have higher probability to purchase use-by date labeling food, and further expect higher WTA. Also consumers valuing the importance of environmental protection or food quality are more likely to purchase use-by date food. Conversely consumers valuing food safety importance tend to have negative impact on purchasing use-by date food, hence expect higher WTA. It is noteworthy that consumers valuing the importance of promoting the use-by date labeling system have significantly higher probability of purchasing use-by date food. Additionally, consumers' WTA averaged 54.3%, implying that consumers are willing to purchase use-by date food when it is discounted more than 54.3% from the original price, where women expect higher WTA, the aged over 60 expect higher WTA, furthermore single-parent households expect 21.3% higher than the average WTA. However, old-aged, unmarried women, higher educated and higher income groups were negative in purchasing use-by date food. These results suggest that customized sales policy and effective promotion strategies reflecting socio-demographic characteristics of consumers would be necessary to achieve effective implementation of the newly introduced system.

An Analysis of the Impact of Internet Banking Systems on the Business Performance of Bank (인터넷뱅킹시스템이 은행의 경영성과에 미치는 영향에 대한 분석)

  • Shim, Seonyoung
    • Journal of Information Technology Services
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    • v.13 no.1
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    • pp.23-42
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    • 2014
  • This study investigates the impact of Internet Banking Systems on the business performance of bank. Although Internet Banking Systems were introduced about 15 years ago in Korea, there were few studies which evidenced the relationship between Internet Banking Systems and the performance of banks. For this empirical investigation, this study collected the panel data of 13 domestic banks over 8.5 years and divided the dataset into two parts-the first half period (2003~2007) and the second half period (2008~2011) in order to examine the dynamic changes in the impact of Internet Banking Systems. The fixed-effects panel regression results were different in the two parts of dataset. Internet Banking Systems showed only cost-efficiency impact in the first half period. However, in the second half period, Internet Banking Systems showed positive impact on the bank profitability. Moreover, the dummy variable regarding local bank showed no additional impact on this result, implying that the impact of Internet Banking Systems was still significant for the local banks. The results will deliver managerial interpretation on the value of Internet Banking Systems and additional implication on the strategic planning of Internet Banking Systems for many domestic banks.

Improvement of the EIA for Land Reclamation Projects in the Coastal Areas of Korea (해양매립사업 환경영향평가의 개선방안)

  • Jang, Ju-Hyoung;Eom, Ki-Hyuk;Kwon, Kee-Young;Hong, Sok-Jin;Park, Jae-Hyeon;Kim, Gui-Young
    • Journal of Environmental Science International
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    • v.16 no.7
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    • pp.847-853
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    • 2007
  • In Korean coastal areas, land reclamations are main development projects that should be based on environmental impact assessment(EIA), because those human interventions can change coastlines, damage tidal flats, and pollute adjacent areas to threat seafood safety and devaluate overall ecosystem service value. Existing procedures of the EIA for land reclamation projects were diagnosed and evaluated to enhance them. Problems were identified in the designation of survey areas, the consistency in survey sites and periods, the standardization of survey methods and reports, the confidence of survey results and the verification of predictions. Lack of integration was noticeable and could be improved by synthesizing different assessments from topography geography, marine physics, marine chemistry and marine biology. We suggest that successful precautionary marine environment management requires readjusting the cost of EIA, recruiting experts in marine environment, constructing database and establishing specialized assessment system.

A Study on the Production of the Back Beam for a Automotive Bumper by Roll Forming Process (롤 성형 공정에 의한 자동차용 범퍼빔 제조에 관한 연구)

  • 정동원;이문용;김광희
    • Journal of the Korean Society for Precision Engineering
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    • v.20 no.7
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    • pp.163-170
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    • 2003
  • The back beam for a automotive bumper was roll formed to improve performance, reduce weight and save cost. For the back beams produced by conventional stamping and roll forming, the crashworthiness analyses were carried out by numerical simulation and real impact test. The characteristic properties and applicability of the roll formed back beam are discussed from the results of the analyses.

The Impact of Safety Requirements on Shipbuilding

  • Kuo, Chen-gi
    • Journal of Ship and Ocean Technology
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    • v.1 no.2
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    • pp.31-40
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    • 1997
  • The paper begin by examining shipbuilding in the context of competitiveness, specification and cost-effectiveness before considering the impact of safety requirements in the its operations. The basis of the safety case approach is then given, and its application to shipbuilding is illustrated by an example based on the use of staging in ship construction. The key conclusion is that the safety case approach provides the management with a technique for treating potential hazards in shipbuilding so that their risks can be kept within an acceptable level.

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The Impact of Sales and Management Expenses on Firm Value (기업특성에 따른 판매관리비가 기업 가치에 미치는 영향)

  • Son, Jeong-Guen;Bae, Khee-Su
    • Korean Management Science Review
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    • v.34 no.1
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    • pp.71-84
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    • 2017
  • The purpose of this study is to extract the characteristic cost through the time series analysis of each cost from 2003 to 2014, and to grasp the performance and relevance of the enterprise. Therefore, in this section, we analyzed the time-series analysis of selling, administrative, and non-operating expenses as described above. First, depreciation cost, advertising cost, transportation cost, research cost, current research cost, and ordinary development cost were extracted as the variables of interest to be verified in the empirical analysis. However, in the analysis of non-operating expenses, we could not extract the specific cost, but we could grasp the time-series flow of cost data before and after two epochs such as financial crisis and introduction of IFRS obligation. The results of this study show that sales management costs have a positive (+) effect on firm value. Empirical analysis confirms that management is trying to increase or decrease the cost This can be confirmed by the empirical results of this paper. At present, general enterprise accounting is done through ERP system. However, since the ERP system does not have an analysis system for each sales and management cost, the current system has difficulty in knowing the budget item for each cost each time the expenditure resolution for each cost item is made, It is a reality that the expenditure plan must be managed separately and it is inconvenient to keep it. However, if this practical difficulty is solved by the cost analysis system such as sales management cost, the present accounting information system will be further developed. Furthermore, the management will increase the profit item It is thought that coordination actions can also be prevented in advance.

The useful of Generation DEM from Aerial Photo (항공사진을 이용한 DEM생성과 활용)

  • Choi, Hyun;Ahn, Chang-Whan;Hong, Soon-Heon;Kang, In-Joon
    • Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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    • 2007.04a
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    • pp.333-336
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    • 2007
  • This paper is the environmental impact assessment of at road design in the light of the sense for the real from the virtual reality. For in this papers, This study developed 3D-model and virtual reality contents by suggesting the environmental impact assessment based on GIS in the road design. And, through this process, it's possible to visualize the environmental impact assessment by constructing the 3D-model and simulation. The 3D-model can be a method to show the road effectively by maximizing the road's shape visually after the construction. The main construction which composes polyhedron model that is generated from digital map and aerial photo is built by mapping the real texture, so the Sense for the Real was more heightened. Through this study, it must be made to shorten a long time exhausting period of conference and construct more real road after due scene consideration by specific and various low-cost strategy in the environmental impact assessment afterwards.

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A Study on the Development of High Performance Floor Impact Noise Insulation System (고성능 바닥충격음 차단구조 개발에 관한 연구)

  • Jang, Jae-Hee
    • KIEAE Journal
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    • v.7 no.2
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    • pp.71-76
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    • 2007
  • For the many years the children's running noise has caused perpetual frictions between neighbors in apartment houses. For this reason the government established a regulation to reduce the floor impact noise, as a result almost all apartment houses have been enforced to use the floor structure with 210mm thickness concrete slab and 120mm thickness of floor heating system since July 2005. If do not want to apply this kind of system, a system which obtain the certification from the institution appointed by government must be applied. In this reason a lot of construction material companies and construction companies have been trying to develop the system with 180mm thickness concrete slab for the purpose of reducing the cost. To develop the optimized floor system, actual size test building were constructed and the materials related with reducing floor impact noise were composited and tested in the test building. Through this procedure the most effective system was found.

Application of Finite Element Method to Floor Impact Vibration Analysis in the Apartment Buildings (공동주택의 바닥 충격 진동 해석을 위한 유한요소법 응용)

  • Seo, Sang-Ho;Jeon, Jin-Yong
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2005.05a
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    • pp.387-390
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    • 2005
  • Finite element method was applied to the vibration analysis of concrete slab system in apartment building. To save the time and cost the 2 dimensional finite element model was proposed. At first, experimental results show that sound peak components to influence the overall level and the rating of floor impact sound insulation were coincident with natural frequencies of the reinforced concrete slab. Second, there is linear relationship between the impact sound pressure level and vibration acceleration level. Third, 2 dimensional finite element model was enough to analyze the vibration analysis of floor structure system.

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An Impact Position Control of the Ink Droplet of Inkjet Printer

  • Cho, Young-Wan
    • 제어로봇시스템학회:학술대회논문집
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    • 2005.06a
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    • pp.2509-2512
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    • 2005
  • In this paper, a position control scheme of the ink droplet is presented for the high image quality and print speed inkjet printer. The proposed scheme estimates the impact position and compensates it by control of the fire strobe time based on the dynamic equations describing the moving trajectory of the ink droplet. Compared to the conventional fire strobe control which is based on the simple synchronization the fire strobe with the position signal of the inkjet nozzle, the proposed control scheme provides more accurate impact position control during the carrier is moving with accelerated or decelerated speed as well as constant speed. The availability of printing during the acceleration and deceleration states of the carrier moving enables the print speed up and the frame size down which means the cost down.

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