• Title/Summary/Keyword: Economy efficiency

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Bank-specific Factors Affecting Non-performing Loans in Developing Countries: Case Study of Indonesia

  • Rachman, Rathria Arrina;Kadarusman, Yohanes Berenika;Anggriono, Kevin;Setiadi, Robertus
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.2
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    • pp.35-42
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    • 2018
  • In recent decades, financial crises in various countries have often been preceded by the rise in non-performing loans (NPLs) in the banks' asset portfolios. The increase in NPLs is proven to have adverse impact on the banking sector so that understanding the determinant of NPLs is immensely crucial to ensure the efficiency and soundness of the overall economy. This study aims to shed light on bank-specific factors that affect loan default problems in developing countries whose banking sectors play a major role in the overall economy. This study analyzes panel data sets of 36 commercial banks listed in the Indonesian Stock Exchange during the period 2008-2015. Applying fixed-effects panel regression model reveals that Indonesian banks' profitability and credit growth negatively influence the number of NPLs. Moreover, banks with higher profitability are proven to have lower NPLs because they can afford adequate credit management practices. Likewise, banks with higher credit growth evidently have lower NPLs in the sense that they demonstrate more specialized lending activity and thus have better credit management systems. These findings imply that, in order to lower loan defaults that can deteriorate banks' asset quality, banks should maintain their level of profitability and increase, rather than decrease, their credit supply to debtors.

A study on economical introduction of RFID system in the small and medium 3rd Party Logistics (3자 물류 중소기업에 경제적인 RFID 시스템 도입을 위한 연구)

  • Kim, Ki-Hong;Shin, Seung-Jun;Choi, See-Yeong;Yeo, Jun-Ho;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.10 no.3
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    • pp.117-126
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    • 2008
  • RFID system the key technology of ubiquitous era, has been emphasized in logistics. Logistic enterprises are required to apply RFID systems considering their investment costs, actual effectiveness, operational satisfaction and so on. For such a purpose, many applicable methods of RFID system have been developed A method that RFID tags are directly attached to products or pallets is utilized in most cases. However, this method requires expensive investment cost, frequent replacement of damaged tags for the small and medium (SM) third party logistics. In this paper, we analyze statistically the current status and requirements of SM third party logistics. Based on their requirements, we propose the realtime warehousing-delivery management by the method to attach a RFID tag to each warehouse rack, together with the economy analysis index in order to evaluate economical efficiency. Consequently, this method is expected to reduce Investment cost and to improve operational effectiveness and satisfaction.

Analyzing an Optimality of Urban Population Size for Metropolitan Area of Korea (우리나라 광역시 인구규모의 적정성 분석)

  • Park, Joo-Hyung;Kim, Eui-June;Choi, Myoung-Sub
    • Journal of the Economic Geographical Society of Korea
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    • v.13 no.3
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    • pp.487-497
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    • 2010
  • This paper estimates theoretically optimal sizes of urban population for major metropolitan areas using an urban economy system with utility maximizing household, profit maximizing producer and government providing public goods. This finds that the optimal size of urban population is determined by technological levels and public services. The population sizes of Seoul, Busan, Daegu and Incheon are higher than their optimal levels, while Gwangju, Daejeon and Ulsan need to increase the population for production efficiency.

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Analysis of Major Environmental Items for Railroad Construction in the EIA Process (철도사업 환경성평가서 검토시 주요항목에 대한 분석)

  • Lee, Minjoo;Kim, Minkyung;Lee, Sangdon
    • Journal of Environmental Impact Assessment
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    • v.22 no.6
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    • pp.739-744
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    • 2013
  • Recently, railroad construction becomes an alternative considering environmental merits such as mass transportation, safety, economy and energy efficiency. Also railroad can have 3 to 4 times better in economy compared to road construction. However, long line and unavoidable sensitive areas hinders railroad construction often resulted in ecosystem degradation. This paper reviewed 27 cases of EIS submitted during 2003-2006 and reviewed major issues on Animal-Plants and Landscape. Noise-Vibration (13.5%), Water Quality (13.5%), Wastes (10.8%) appeared to be most frequent factors to supplement. Route selection in the railroad is the most sensitive issues so that public participation and hearing should be involved in the early stage of the process and social and cultural factors also must be considered to make a final decision on the railroad route location and selection.

Operation Algorithm for a Parallel Hybrid Electric Vehicle with a Relatively Small Electric Motor

  • Kyoungcheol Oh;Kim, Donghyeon;Kim, Talchol;Kim, Chulsoo;Kim, Hyunsoo
    • Journal of Mechanical Science and Technology
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    • v.18 no.1
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    • pp.30-36
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    • 2004
  • In this paper, operation algorithms for a parallel HEV equipped with a relatively small motor are investigated. For the HEV, the power assist and the equivalent fuel algorithms are proposed. In the power assist algorithm, an electric motor is used to assist the engine which provides the primary power source. Tn the equivalent fuel algorithm, the electric energy stored in the battery is considered to be an equivalent fuel, and an equivalent brake specific fuel consumption for the electric energy is proposed. From the equivalent fuel algorithm, distribution of the engine power and the motor power is determined to minimize the fuel consumption for a given battery state of charge (SOC) and a required vehicle power. It is found from the simulation results that the fuel economy and the final battery SOC depend on the motor discharge energy and it is the best way to charge the battery only by the regenerative braking, not by the engine to improve the overall fuel efficiency of the HEV with the relatively small motor.

A Study on Institutionalization of the Rent-A-Driver Industry from the Point of View at the Creative Industries

  • OH, Moon-Kap;YOUN, Myoung-Kil
    • Korean Journal of Artificial Intelligence
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    • v.7 no.2
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    • pp.1-8
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    • 2019
  • This paper, we argue that sector in terms of the creative industries the need to the institutional settle of the rent-a-driver business; the industry could create more than 200,000 jobs, the effect is to bring out the about 4 trillion underground economy and Can be interpreted industry, which contributes to reduce social costs, ranging from 1.7 trillion won to 5.7 trillion per year. Through institutionalization of policy should support. Observation and in-depth interviews were conducted with the law and the president of the rent-a-driver business company. The operating system should be improved. the rent-a-driver business, for the formulation of the work ethic and education is desperately needed. The effect socio-economic contribution effect of the rent-a-driver business industry can be summarized as follows. First, it is an industry that has an operating system utilizing state-of-the-art technology and equipment, and the convergence of creative industries to comply with the market. Second, the effect appears as an industry that creates jobs for the populace to replace the social security system, social safety net is considered as an industry. Third, this is an industry that can be self-reliant in the short term at least political support, the industry is considered in the industry to maximize the effectiveness and efficiency of the support policy.

A Real Business Cycle Model to Study the Effect of Overseas Oil Resource Development on the Korean Economy (실물경기변동 모형을 이용한 해외석유가스 개발사업의 경제적 효과분석)

  • Park, Hojeong;Kim, Jaekyung
    • Environmental and Resource Economics Review
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    • v.25 no.2
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    • pp.179-197
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    • 2016
  • The development of overseas resource is a driving force to secure the energy security in Korea with low sufficiency rate of energy. This paper analyzes the effect of overseas oil resource development on the economy by presenting a real business cycle model with consolidated energy price index. A linear-quadratic dynamic programming is adopted to raise computational transparency and efficiency. The analysis shows that the overseas oil resource development project during 2010 and 2012 decreases the energy price by 1.2% per annum which effect is equivalent to the positive 0.47% to the GDP. The implication calls for steady and robust support for overseas resource development projects to enhance energy resilience.

Analysis of Down Speeding Effect on Fuel Economy during NEDC (다운 스피딩이 NEDC 모드 연비에 미치는 기여도 산출에 관한 연구)

  • Shim, Beom-Joo;Park, Kyoung-Suk;Park, Jun-Su
    • Transactions of the Korean Society of Automotive Engineers
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    • v.20 no.5
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    • pp.88-94
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    • 2012
  • Development trend of modern HSDI diesel engine is now focusing on low fuel consumption and emission because of strong interest in global environmental protection. Two big branches of criteria for modern diesel engine development are down sizing and down speeding. Down sizing keeps engine operation condition to the direction of higher load and thus pursuing for better thermal efficiency. But this may cause degraded vehicle dynamic performance because of reduced back up torque. Down speeding keeps engine operation condition to the direction of slightly higher load and lower engine speed. Therefore reduction of back up torque can be limited within flat torque area. This study analyzed fuel economy effect of down speeding on a vehicle powered by HSDI diesel engine in aspect of engine friction work, intake and exhaust pumping work, exhaust hat loss and thermal loss of fuel leakage of fuel injection system. Contribution factor of each engine and vehicle related parameters under basic and down speeding condition were compared and work balance of down speeding during NEDC was analyzed.

Optimization of Battery Power Distribution to Improve Fuel Consumption of Fuel Cell Hybrid Vehicle (연료전지 하이브리드 차량의 연비향상을 위한 배터리 동력분배 최적화)

  • Lee, Dong Sup
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.37 no.3
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    • pp.397-403
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    • 2013
  • The demand for eco-friendly and higher fuel economy vehicles has helped develop eco-friendly and fuel-efficient vehicles such as hybrid vehicles. In a hybrid vehicle, the change in the battery charge after driving should be added to the fuel consumption as the equivalent fuel usage based on its own characteristics. Thus, the fuel efficiency of a hybrid vehicle cannot be improved simply by increasing the battery capacity. In this study, I attempt to improve the total fuel economy of a hybrid vehicle, including the equivalent fuel consumption, by modeling a fuel cell hybrid vehicle using Matlab Simulink, analyzing the usage zone of the fuel cell with the existing control strategy, and optimizing the power distribution of the battery and fuel cell in the main usage zone of the fuel cell.

The Analysis of Energy Consumption for an Electric Vehicle under Various Driving Circumstance (준중형급 전기자동차의 주행특성에 따른 에너지 소모량 분석)

  • Lee, Dae-Heung;Seo, Ho-Won;Jeong, Jong-Ryeol;Park, Yeong-Il;Cha, Suk-Won
    • Transactions of the Korean Society of Automotive Engineers
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    • v.20 no.2
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    • pp.38-46
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    • 2012
  • This paper discusses the energy consumption for a mid-size electric vehicle(EV) under various conditions. In order to analyze which driving style is more efficient in terms of the system of the EV, we develop the electric vehicle model and apply several types of speed profiles such as different steady speeds, acceleration/deceleration, and a real world driving cycle including the elevation profile obtained from a GPS device. The results show that the energy consumption of the EV is affected by the operating efficiency of components when driving at low speed, while it depends on required power at wheels when driving at high speed. Also this paper investigates the effect of the elevation of a road and the rate of electrical braking on the energy consumption as well as the fuel economy of a conventional vehicle model under the same conditions.