• Title/Summary/Keyword: Economic System

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The Economic Security System in the Conditions of the Powers Transformation

  • Arefieva, Olena;Tulchynska, Svitlana;Popelo, Olha;Arefiev, Serhii;Tkachenko, Tetiana
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.35-42
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    • 2021
  • In the article, the authors investigate the economic security system in the conditions of the powers transformation. It is substantiated that economic security acts as a certain system that includes components and at the same time acts as a subsystem of the highest order. It is determined that the economic security system of regions acting as a system has its subsystems, which include: production, financial, environmental, innovation, investment and social subsystems. The parameters of the economic security system include relative economic independence, economic stability and self-development of economic systems, and it is proved that an important feature of economic security in addition to its systemic nature is multi-vector. It is substantiated that the monitoring of ensuring the economic security system of the development of economic systems of different levels in the conditions of the powers transformation should contain the analysis of social, economic and ecological development of regions; spheres of possible dangers of the development of regional economic systems; the nature of the threats; the degree of the possibility of threats; time perspective of economic development threats; possible consequences of losses for economic entities; the impact of threats to the object of the economic entities' activity; possible asymmetry of economic development of regional economic entities. Possible threats as a consequence of the powers transformation have been identified. A PEST analysis of the impact of factors of different nature on economic security and the development of regional economic systems in the powers transformation is carried out. A recurrent ratio is proposed for the economic security system in the conditions of the powers transformation.

Tools for Improving the Efficiency of the Economic Security of Enterprises in Face of the Competitiveness Intensification

  • Turylo, Anatolii M.;Sharko, Vitalii;Fesun, Iryna;Stadnyk, Viktoriya;Andrusenko, Nadiia
    • International Journal of Computer Science & Network Security
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    • v.22 no.3
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    • pp.53-60
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    • 2022
  • The article examines the problems of ensuring the effectiveness of the economic security system in the face of increasing competition. The relevance of the study is determined by the intensification of competition between enterprises and the threats arising from this phenomenon. The methodological basis is the methods used: analysis and synthesis - to identify the main trends in the development of tools for economic security of the enterprise; systematization - to highlight the main characteristics of the economic security of the enterprise in the intensification of competition; generalization - to form the general conclusions of the study. The purpose of scientific research is to substantiate the feasibility of using the tools of the economic security system to increase its efficiency in the face of intensifying competition. The main components of the economic security system of the enterprise, which have the greatest impact on the formation of an effective level of economic security. The defining characteristics of the system of economic security of the enterprise are investigated. Special characteristics of the economic security system of the enterprise are considered. The offered directions of tools of maintenance of system of economic safety of the enterprise in competitive conditions: objective, subjective external, subjective internal. For each area, specific tools for ensuring the system of economic security, which affect its efficiency, have been identified.

Remote Sensing Monitoring and Loss Estimated System of Flood Disaster based on GIS

  • Wenqiu, Wei
    • Proceedings of the KSRS Conference
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    • 2002.10a
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    • pp.507-515
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    • 2002
  • Remote Sensing Monitoring and Loss Estimated System of Flood Disaster based on GIS is an integrated system comprised flood disaster information receiving and collection, flood disaster simulation, and flood disaster estimation. When the system receives and collects remote sensing monitoring and conventional investigation information, the distributional features of flood disaster on space and time is obtained by means of image processing and information fusion. The economic loss of flood disaster can be classified into two pus: direct economic loss and indirect economic loss. The estimation of direct economic loss applies macroscopic economic analysis methods, i.e. applying Product (Industry and Agriculture Gross Product or Gross Domestic Product - GDP) or Unit Synthetic Economic Loss Index, direct economic loss can be estimated. Estimating indirect economic loss applies reduction coefficient methods with direct economic loss. The system can real-timely ascertains flood disaster and estimates flood Loss, so that the science basis fur decision-making of flood control and relieving disaster may be provided.

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Economic Analysis for Standardization R&D of Urban Rail System (도시철도 표준화 연구개발사업의 경제성 분석)

  • Chung, Choong-Sik
    • Proceedings of the KSR Conference
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    • 2007.11a
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    • pp.1694-1714
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    • 2007
  • This study is to estimate economic benefits of Standardization R&D of Urban Rail System. Benefit was to be realized through standardization of main areas such as train vehicle, railway, power system, and signal system. To derive and calculate the quantitative benefit, the sources of economic impact was divided into three dimensions -operational cost savings, import substitution, and safety effects. Economic effect of the standardization was categorized based on a modified BSC model. Economic benefits from time and labor savings are converted into cost savings. Import substitution and investment multiplier effect have a positive impact in addition to cost savings. The estimation of the standardization R&D of Urban Rail System was conservatively estimated 370 billion Won. Cost effectiveness of standardized safety system was conservatively translated into economic benefit in this analysis. This study provides a practical guide to economic evaluation of the various railway R&D projects.

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Regional Differentiation Effect of Transportation System (교통체계의 지역분화작용)

  • 이주영
    • Journal of Korean Society of Transportation
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    • v.3 no.1
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    • pp.76-85
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    • 1985
  • The significant role of transportation system for economic development process has been recognized, but the argument that transportation improvements stimulate economic development has brought sometimes no resonance in lacking of a plausible theory on the conditions and process of economic development by transportation investment. This paper reviews the theory on regional differentiation of transportation system and shows why and how the installation of a new transportation system or the improvements of the old transportation quality differentiate the spatial order of economic activities. It presents the interaction between the change of transportation quality with introducing of definition "transportation value" as tool of its determination and economic activities following the regional differentiation process, which result means regional defferentiation of niveau of economic development.

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Economic Analysis of Jeju Island Power System Outage Using Event Study (이벤트 스터디 기법을 이용한 제주 정전의 경제적 파급효과 분석)

  • Kim, Jin-A;Lee, Jae-Hee;Lee, Jong-Uk;Joo, Sung-Kwan
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.1
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    • pp.46-50
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    • 2010
  • Power system outages can lead to huge economic losses for various industries. Jeju island power system outage in 2006 also caused significant social and economic impacts in Korea. There have been numerous attempts to evaluate the economic costs of power system outages. Power system outages can also have financial impacts on electric power industry. This paper attempts to analyze the economic impacts of the 2006 Jeju island power system outage on the values of the firms in the power industry using event study. Empirical analysis results are presented to show the economic impacts of the 2006 Jeju island outage on the values of the firms in the power industry.

Economic Analysis for Vehicle Maintenance Information System of Seoul Metro (서울메트로 차량 유지보수체계 정보시스템의 경제성 분석)

  • Chung Choong-Sik
    • Journal of the Korean Society for Railway
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    • v.9 no.4 s.35
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    • pp.473-481
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    • 2006
  • This study attempts to estimate economic benefits in terms of cost sayings and qualitative effects resulting ken implementation of new vehicle maintenance information system. It is widely expected that the effect of new vehicle maintenance information system will be significant in cost savings by information sharing and electronic documentation. To evaluate the economic feasibility of new system implementation, the study conducted seven subsystems case studies on the vehicle maintenance information system of Seoul Metro. Economic benefits are estimated by measuring the time savings, in turn, are calculated into cost savings by multiplying the average wages per hour of employee. The result of case study showed that over the 20 billion Won will be saved owing to new vehicle information system implementation. In conclusion, this study will contribute to the field of practices for the most, in evaluation of the economic benefits resulting from new information system implementation in the railway organization.

System Dynamics Modeling for the Generic Structure of Economic Growth and the Sustainable Endogenous Growth Theory (경제성장에 대한 본원적 구조와 지속가능 내생적 성장이론에 대한 시스템 다이내믹스 모델링)

  • Jeon, Dae-Uk;Kim, Ji-Soo
    • Korean System Dynamics Review
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    • v.10 no.1
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    • pp.5-32
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    • 2009
  • This paper revisited the key advances on System Dynamics modeling about traditional macro-economic models and economic growth structures, and then tries to elaborate a new model based on the endogenous growth theory that incorporates new growth factors, relevant to knowledge/technology as well as the Environment, into traditional growth models. Accordingly, the new model augments the acceleration and multiplier loops and the balancing ones representing market clearing mechanism with a simple numerical example. The authors thus provides macroeconomic System Dynamics analysts with a milestone to model macro-economic structures reflecting on traditional and cutting-edge theories on sustainable economic growth and general equilibrium modeling.

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The History of Korean Economic Geography Framework during Fifty Years($1956{\sim}2005$) (한국경제지리학 반세기의 연구 틀 조류(潮流))

  • Han, Ju-Seong
    • Journal of the Economic Geographical Society of Korea
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    • v.10 no.4
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    • pp.355-376
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    • 2007
  • The aim of this study is to examine the changes of approach methods of research framework in the history of Korean economic geography during the last fifty years($1956{\sim}2005$). The five factors that have influenced Korean economic geography are Korean geography, European, American, and Japanese geography, fundamental theories of economics and business administration, regional problems, and culture. The study of Korean economic geography can be divided into four periods: 'period of cradle of economic geography($1956{\sim}1962$)', 'period of establishment of economic geography(1963$\sim$later 1970s)', 'period of leap of economic geography(the former half of 1980s$\sim$the former half of 1990s)', and 'period of transition of economic geography (since later 1990s)'. And research framework of Korean economic geography has changed from the regional structure theory in 'period of leap' to the spatial system of economies and network theory in 'period of transition'. Spatial system of economies and network theory consists of spatial system of world economies, spatial system of national economies, spatial system of regional economies, spatial network of enterprise economies, and spatial network of information economies.

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Global Economic Governance Reform and the Role of Asia: Opportunities Offered by the G20

  • Cho, Yoon Je
    • East Asian Economic Review
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    • v.16 no.1
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    • pp.3-23
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    • 2012
  • The recent global financial crisis has highlighted the importance of international monetary and financial system reform. The current system is deemed to be no longer adequate to meet the needs of a complex, integrated world economy. With regards to the reform of the international monetary system, there have been various proposals both in demand and supply sides. These include proposals to build a stronger global financial safety net, to diversify the supply of international reserve currency and so on. These proposals face trade-offs between desirability and political feasibility. Given this situation, a practical transition would be to strengthen policy coordination among the major economies and to reform the International Monetary Fund. The success on both fronts depends heavily on global economic governance reform and the role of the G20. Increased status and representation of Asian countries in the G20 give both privileges and responsibilities to Asians. To meet these responsibilities, Asians should put forth greater efforts to develop their intellectual leadership in global economic issues through creating new forum and institutions.

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