• Title/Summary/Keyword: Cost Impact

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Measurement and Impact of Virtual and Digital Marketing as a Distribution Channel in Business

  • Fatos UKAJ;Vehbi RAMAJ;Shaqir ELEZAJ
    • Journal of Distribution Science
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    • v.21 no.5
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    • pp.1-9
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    • 2023
  • Purpose: Marketing and especially distribution channels has proved challenging for small and medium-sized enterprises (SMEs) worldwide due to its exorbitant cost. The objective of this study is to access the role and impact of digital marketing as a new distribution channel in companies located in Kosovo. Research design, data and methodology: To achieve the objective of the research, data was collected from 64 respondents/participants working in different organizations and sectors. Results: The result of the data collected showed that digital marketing plays a huge role and an effective medium in distribution of products and services, and helps in boosting sales of companies. The results showed that this form of marketing helps with retention of customers and cost effectiveness. Conclusions: The managerial implication of this study is that it is believed that customers in the topical conversation region are impacted by Kosovo businesses and their online marketing initiatives. The results of this study suggest that marketers and managers should take advantage of social media in order to accomplish the study's main objective. However, for enhanced productivity and high-level effectiveness of Digital marketing in Kosovo, there should be proper sensitization on the available digital marketing options and how it can be done.

An Analysis of the Importance of Accessibility for High Speed Railway : Stated-Preference Approach (고속철도에 있어서 접근도의 중요성 분석에 관한 연구)

  • Park, D.R.;Nam, K.C.
    • Journal of Korean Port Research
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    • v.8 no.1
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    • pp.49-63
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    • 1994
  • The introduction of high speed railway system a significant impact on the conventional inter-urban transport systems by inducing a significant traffic from the existing modes as well as generating a new traffic. It is also closely related to intra-urban transport systems as the inter-urban traffic has its origin and destination in a city. In the context of mode choice, for high speed transport systems, it has been argued that the accessibility is the most important attribute conceived by users. Thus this study attempts to analysis the importance of the accessibility for the planned high speed railway systems particularly with respect to the location of Busan Station. For this Stated-Preference approach, which is considered appropriate for such study, is adopted, and disaggregate binary logit models for mode choice between the high speed railway and air service in Busan-Seoul corridor are developed. The elasticities for cost and service variables are also derived. The results disclose that cost is the most important which is inconsistent with most previous studies ; accessibility has considerable impact on the choice ; and frequency however has a little impacts. Concerning location of the high speed railway station the results suggest that the longer the access distance is, the more important the accessibility is. This implies that the connection of reliable access transport services such as underground are essential between the terminal and urban center.

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Effects of Asset Diversification and Human Capital Efficiency on Bank Performance: Evidence from Asian Countries

  • BAWONO, Suryaning;SANUSI, Anwar;SUPRIADI, Bambang;TRIATMANTO, Boge;WIDARNI, Eny Lestari
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.1
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    • pp.123-132
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    • 2023
  • This study seeks to determine if the efficiency of bank human resources, as played by human capital, impacts the performance and diversification of banks. This study uses secondary data from data obtained from 385 commercial banks in 33 countries in Asia during the 2010-2020 period with the diversification analysis method. We use the Z-score to measure the amount of standard deviation that must be from earnings (ROAA). We examined it using the Tobit regression technique. According to the regression estimation results, human capital has a significant role in the performance and effective diversification of Asian banks. The human capital efficiency coefficient (HCE) is significantly negative with the cost-to-income ratio (CTIR) and significantly positive with Profitability, Financial Stability, and cost efficiency score. The level of efficiency of human resources has an effective role in increasing human capital which has an impact on bank diversification and performance. The development of human resources in a human capital framework plays an important role in the diversification and improvement of bank performance. Human capital has a significant role in the performance and effective diversification of Asian banks. The level of efficiency of human resources has an effective role in increasing human capital which has an impact on bank diversification and performance.

SUSTAINABILITY SOLUTIONS USING TRENCHLESS TECHNOLOGIES IN URBAN UNDERGROUND INFRASTRUCTURE DEVELOPMENT

  • Dae-Hyun (Dan) Koo;Samuel Ariaratnam
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.367-374
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    • 2013
  • Underground infrastructure systems provide essential public services and goods through buried structures including water and sewer, gas and petroleum, power and communication pipelines. The majority of existing underground infrastructure systems was installed in green field areas prior to development of complex urban built environments. Currently, there is a global trend to escalate major demand for underground infrastructure system renewal and new installation while minimizing disruption and maintaining functions of existing superstructures. Therefore, Engineers and utility owners are rigorously seeking technologies that minimize environmental, social, and economic impact during the renewal and installation process. Trenchless technologies have proven to be socially less disruptive, more environmentally friendly, energy conservative and economically viable alternative methods. All of those benefits are adequate to enhance overall sustainability. This paper describes effective sustainable solutions using trenchless technologies. Sustainability is assessed by a comparison between conventional open cut and trenchless technology methods. Sustainability analysis is based on a broad perspective combining the three main aspects of sustainability: economic; environmental; and social. Economic includes construction cost, benefit, and social cost analysis. Environmental includes emission estimation and environmental quality impact study. Social includes various social impacts on an urban area. This paper summarizes sustainable trenchless technology solutions and presents a sustainable construction method selection process in a proposed framework to be used in urban underground infrastructure capital improvement projects.

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The economic impact of mandatory group housing for pregnant sows in the pig industry

  • Do Yeon Park;Suk Ho Han;Seungmo Koo
    • Korean Journal of Agricultural Science
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    • v.51 no.3
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    • pp.261-270
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    • 2024
  • Starting from 2030, mandatory group housing for pregnant sows on pig farms has been enforced, requiring to secure the group housing spaces for pregnant sows. Additionally, six weeks after mating, pregnant sows are obligated to be raised in group housing spaces, and, the use of individual stalls is prohibited. This study analyzed the impact of mandatory group housing for pregnant sows on the pig industry using the equilibrium displacement model (EDM). The results showed a decrease in production due to the increase in space allocation per sow, but more significantly, consumers' willingness to pay, driven by animal welfare considerations, increased. This led to the increase in retail prices and farm prices by 13% and 25%, respectively. Analyzing the changes in social welfare, consumer surplus is increased by 5,887 billion won, and producer surplus is also increased by 10,655 billion won, contributing to the total increase in social welfare of 16,542 billion won. This suggests that the mandatory group housing for pregnant sows have positive impacts on both consumers and producers. However, this study did not consider the cost aspect, and, therefore future research is required to address the issue of cost.

Evaluation of the Applicability of Structural Steels to Cold Regions by the Charpy Impact Test (샤르피 충격시험을 통한 구조용강재의 극한지 적용성 검토)

  • Lee, Chin-Hyung;Shin, Hyun-Seop;Park, Ki-Tae;Yang, Seunng-Hyun
    • Journal of Korean Society of Steel Construction
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    • v.23 no.4
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    • pp.483-491
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    • 2011
  • The fabrication of steel structural members always involves welding process such as flux cored arc welding. Therefore, for the application of structural steels to cold regions, it is a prerequisite to clarify the service temperature of the welded joints in order to ensure the structural integrity of the welded parts. In this study, the Charpy impact test was conducted to evaluate the service temperature of structural steel weld. The Charpy impact test is a commercial quality control test for steels and other alloys used in the construction of metallic structures. The test allows the material properties for service conditions to be determined experimentally in a simple manner with a very low cost. Standard V-notch Charpy specimens were prepared and tested under dynamic loading condition. The service temperatures of the weld metal, HAZ (heat affected zone) and base metal were derived by the absorbed energy and the impact test requirements; thus the applicability of the structural steels to cold regions was discussed in detail.

A Study on the Issues and Improvement of the Existing Environmental Impact Assessment System - Evaluation in an operator Viewpoint - (현행 환경영향평가 제도의 문제점과 개선방안 - 실무자적 관점에서 검토 -)

  • Lee, Seung-Won;Kim, Jung-gun;Seo, Jung-Kuk
    • Journal of Environmental Science International
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    • v.27 no.5
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    • pp.281-289
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    • 2018
  • The Korean environmental impact assessment(EIA) system, and explored ways to improve it as a more efficient and viable institution relevant to the demand of our time and conditions in study. The first problem this study identified is found in the fact that the party to write up the assessment report is itself the business operator or the one who is planning to work out the business plan. This structure translates into placing an order with an agent for EIA report. The reporting job may br subcontracted to the agent at a cost far below the rate specified in the 'Standard for Estimate of Agency Fee for Environmental Impact Assessment.' This practice also causes the vicious circle of producing a report that is written to justify the project or business in question or it leads to rough-and ready and poor documentation to minimize the time required. Second, in order to achieve the goal of the plan or business, which is the target of EIA, the local residents tend to ve regarded as an obstacle. This means elimination of the local people from participating in the EIA or their opinion being frequently ignored. This is the seed of distrust and hostility that sometimes provoke disagreements or fierce conflicts. The first proposal to improve these problem is to improve the factors that cause poor documentation of the assessment report as well as improve the understanding of the EIA system. This study proposes the following measures for improvement. The agency cost for EIA should be paid by the business operator or a third party that can ensure faithful implementation of the payment. A system should be established to verify transparent estimation of the agency cost. In order to enhance the professional quality of EIA agents, there should be implementation of qualification test for industrial engineer of related engineers in addition to the current EIA Qualification Test. The second proposal for improvement is to improve the citizen participation process by instituting a legal framework to make clear the purpose of the briefing session for local residents, which is held as a procedure of EIA, and to ensure more positive publicity during the stage of listening to the opinion of the local community. For a smooth and rational communication process, a moderator and a communicator of opinion, as is the case in a public hearing, could be instituted to clearly get the purpose of the briefing session across to the residents and to help to carry out the explanation and Q & A sessions according to the categories of the opinion of the residents. At present, the notification of the public inspection of the draft of the assessment report and briefing session for the residents is made on the newspaper and internet network. But some people have difficulty with access to this method of announcement. A higher participation rate could be secured if a legal provision is added to specify putting up placards in specific places such as the entrance to the place for the briefing session for residents or the building of administrative agencies of the area concerned.

Determinants of Employment by Company Size (중소기업과 대기업의 고용 결정요인)

  • 문영만;김종호
    • 산업혁신연구
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    • v.34 no.2
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    • pp.55-89
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    • 2018
  • This study analyzed the determinants of employment of regular workers by firm size by merging statistical office survey(2006~2015), The results are as follows. First, as a result of the panel regression analysis, the labor income distribution, operating profit, sales, and R & D variables significantly increase employment, while the outsourcing cost, wage, capital intensity, and temporary employment decrease. However, wage variables of firms with minimum wage did not have a significant effect. Second, as a result of estimating the determinants of employment for regular workers by firm size, the variables of labor income distribution as a key variable had a significant positive impact only on SMEs, and the outsourcing cost ratio had a significant negative impact on both SMEs and large corporations. Third, as a result of estimating employment decision factors of SMEs and large enterprises by industry classification, both labor share(+) and outsourcing expense(-) are significant only in manufacturing industry, The higher the distribution ratio, the higher the employment rate, and the higher the cost of outsourcing, the lower the employment of regular workers. Employment impacts were greater for both SMEs. Therefore, it is necessary to strengthen policies on labor income distribution, operating profit, sales, R & D investment, etc., which are analyzed as having a positive influence in order to constantly employ regular job positions at the enterprise level. As the impact on employment varies depending on the size of industry and type of industry, it is necessary to adopt a job policy for each characteristic.

A Study on the Estimation Method of Operational Delay Cost in Bus Accidents using Transportation Card Data (교통카드자료를 이용한 버스 사고 시 운행지연비용 산정 방법론에 관한 연구)

  • Seo, Ji-Hyeon;Lee, Sang-Soo;Nam, Doohee
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.17 no.5
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    • pp.29-38
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    • 2018
  • This study aims to propose a method for the estimation of operational delay cost using transportation card data in bus accidents. Average operational delay time from bus accidents was surveyed among 12 bus companies through an interview method. Then, the operational delay cost was estimated using actual traffic accident data and transportation card data. Results showed that average loss time per bus accident was found to be 45 minutes. In addition, total occupancy of 659 was estimated for the accidents investigated using transportation card data, resulting a total loss time of 494.25 hours. An estimated operational delay cost was 186.9 thousand won per accident, which was 6.37% of social agency cost. The magnitude of this number implied that operational delay cost may have a significant impact on traffic accident cost if included.

A Linkage Method for the Life Cycle Cost Breakdown Structure through an Analysis of Boundary Conditions (경계조건 분석을 통한 LCCBS 연계방안)

  • Jeong, Jae-Hyuk;Kim, Tae-Hui
    • Journal of the Korea Institute of Building Construction
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    • v.13 no.4
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    • pp.321-332
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    • 2013
  • Costs and expenses are intertwined and incurred throughout an entire construction project, even from the pre-construction phase, and each phase has a different impact on the life cycle cost (LCC). However, the cost breakdown structure (CBS) is different in each phase of a building construction project, which makes it hard to reasonably calculate construction cost. For this reason, the boundary conditions were analyzed in this study based on the life cycle cost break structure (LCCBS). In addition, breakdown factors were analyzed based on the boundary conditions to derive a linkage method. The validity of the linkage method was verified through application to actual construction projects. Through the analysis, it was found that the problem of items being left out was reduced by more than 97.2 percent, and the work was done an average of 6 hours faster compared to the conventional method. It is expected that by applying the new LCC system, LCC will be both reduced and calculated in a more efficient manner.