• Title/Summary/Keyword: Market economy

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An Empirical Study on Measurement and Improvement for the Service of Education and Administration in the University (대학의 교육 및 행정 서비스품질의 측정과 향상 방안에 관한 실증적 연구)

  • Lee, Pil-Jae;Kim, Yoo-Ra;Jeong, Hae-Jun
    • Journal of the Korea Society of Computer and Information
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    • v.13 no.3
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    • pp.197-209
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    • 2008
  • Since the theories of service quality were introduced in Korea, they have been applied to the various organizations, such as hospital, hotel travel agency bank, telecom company, and even retail market. Compared with these areas, however studies on the service qualify in educational institutions have been scarcely conducted. Also, higher educational service challenges user-oriented education system of the 21st century concept of Service quality from the theories of market economy. The purpose of this study is to identify the dimensions of educational and administrative service, and their influence upon the satisfaction and value on service quality, and formulate the service quality model based on the revised quality dimensions using SERVQUAL measuring method, to find out the most influential factors upon the service qualify among these factors. This study also suggests proper measures for improving service quality.

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Analyzing the Market Size and the Economic Effects of the Oceans and Fisheries Industry (해양수산업의 시장규모 및 경제적 파급효과 분석)

  • Kim, Joseph;Jung, Dong-Won;Yoo, Seung-Hoon
    • Ocean and Polar Research
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    • v.38 no.1
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    • pp.59-70
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    • 2016
  • Establishing the strategic plans to foster the oceans and fisheries (O&F) industry as an engine for national sustainable economic growth has become an important task for developing countries as well as developed countries. The first step to do so is to identify O&F industry and analyze its economic effects. Therefore, the prime purposes of the paper are two-fold. The first is to identify O&F industry and estimate its market size using 2012 Input-Output (I-O) table published by the Bank of Korea. The second purpose is to obtain some quantitative information on production-inducing effect, value-added creation effect, and employment-inducing effect of the O&F industry. To this end, we apply an IO analysis using exogenous specification of the O&F industry. The results show that the O&F industry covers 4.1% and 3.0% of national output and gross domestic product, respectively. Moreover, we found that 1.0 won of production or investment in the O&F industry induces 1.7363 won of production and 0.4759 won of value-added in the national economy. One billion won of production or investment in the O&F industry touches off 7.5569 persons of employment. This information can be utilized in the O&F industry-related policy-making.

Analysis on the Effect of Korea-China FTA in the Automobile Trade (한·중 FTA의 대중국 자동차 무역 영향 고찰)

  • Lee, Seoung Taek;Kim, Sungkuk
    • International Commerce and Information Review
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    • v.17 no.1
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    • pp.265-285
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    • 2015
  • After the establishment of WTO for strengthening of GATT in 1995, the world economy has gradually been integrating toward economic globalisation. Even though this multilateral agreement may be beneficial to many countries but it also interferes domestic policies of member countries and threatens the role of local government and policy independence. For these reasons, FTA between countries or regions has been increasing. According to this trend, Korea and China has reached a substantial agreement of Korea-China FTA for mutual benefits. In general, the Korean automobile industry will benefit from Korea-China FTA due to its competitiveness in the global market and improvement of market access. However in the provisional schedule of concessions and commitment reported by press, the automobile seems to be excluded in this schedule of concessions. Hence, Korean automobile industry can not use the price competitiveness from tariff elimination. Therefore, Korean automobile industry needs aggressive marketing strategies for enhancement of brand equity as well as development of environment-friendly cars for following environment policies of Chinese government. Furthermore, they should make efforts to create the efficient investment environment by the removal of non-tariff barriers.

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A Study of Economic Indicator Prediction Model using Dimensions Decrease Techniques and HMM (차원감소기법과 은닉마아코프모델을 이용한 경기지표 예측 모델 연구)

  • Jeon, Jin-Ho;Kim, Min-Soo
    • Journal of Digital Convergence
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    • v.11 no.10
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    • pp.305-311
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    • 2013
  • The size of the market as the economy continues to evolve, in order to make the right decisions to accurately predict the economic problems the market has emerged as an important issues. To express the modern economic system, the largest of the various economic indicators, pillars stock indicators analysis and decision-making with a proper understanding of the problem for the application of the model is suitable for time-series data concealment HMM. Based on this time series model and the calculation of the time and cost savings dimension decrease techniques for the estimation and prediction of the model was applied to the problem was to verify the validity. As a result, the model predictions in both the short term rather than long-term predictions of the model estimates the optimal predictive value similar pattern very similar to both the actual data and was able to confirm that.

Economic Feasibility Analysis of Applepear(Ping Guo Li) Farm Development in Yanbian Area in China ('사과배' 원 조성사업의 경제적 타당성분석 - 중국 연변지역을 중심으로 -)

  • Zhao, Lan-Hua;Lim, Jae-Hwan
    • Korean Journal of Agricultural Science
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    • v.29 no.1
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    • pp.55-65
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    • 2002
  • The most representative fruit in Yanbian area is Applepear(Ping Guo Li). It has been a important resource of farm income. According to the economic growth and income Increase of individual consumers, food consumption pattern will be changed from grain to high value cash crops such as Applepear and vegetables. The globalization and adapt ion of free market oriented economic policy of China government have led to change the collective farming system to individual farm management system. The institutional transformation have brought about high productivity of farm products and incomes of farmers. Therefore the plantation area of Applepear and requirement of investment cost for establishment of Applepear farms have increased rapidly since the 1980's, the time of perestroika and glasnost in Chinese economy. In prosperity of Chinese agriculture, individual farmer's decision making as free selection of farmland use, selection of high pay-off crops, free sale of the products in free market and credit support for the project might be the most important factors. In case of Applepear farm development, net present value of the project net benefit was estimated at 55.518won per hectare and financial rate of return was 21%. The benefit/cost ratio of the project was 2.11. Considering 10% of discounting rate or the opportunity cost of capital in China the Applepear farm development project showed us economically feasible in the light of the above efficiency indices. The Chinese government has to support Applepear farm development project financially and institutionally considering the high-payoff benefit of the fruit and farmer's in come increase in the future.

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Analysis of Status of Radiation/Radioisotopes Utilization

  • Park, Chan Hee;Lee, Seung Hyun;Kim, Na Kyung;Kim, Kon Wuk
    • Journal of Radiation Protection and Research
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    • v.42 no.1
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    • pp.1-8
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    • 2017
  • Background: The use of radiation and radioisotopes in Korea has been increasing each year, and its impact on economy and industry is expected to be increasing progressively following the development of industrial technology and the expansion of their usage. To establish and supporting policies for industries using radiation and radioisotopes, it is necessary to check the status of related industries accurately, as well as to gather data required to establish plans for industrial development by studying both revenues and economic scale (contributing to revenue). Materials and Methods: To analyze the status of utilization, surveys were carried out on 6,621 organizations engaged in nuclear operations handling radiation and radioisotopes pursuant to the Nuclear Safety Act as of end 2014, on 33,471 medical institutions using radiation generators for medical and diagnostic purposes pursuant to the Medical Service Act, and on 2,218 organizations using radiation generators for animal diagnostics pursuant to the Veterinary License Act. Results and discussion: The overall status of the domestic radiation market including the number of user organizations, that of employees, and the size of distributions (imports, productions, and exports) with which the scale of domestic radiation market can be judged showed a growth trend compared to the previous year, though the number of employees for radiation operation in industrial sector, research sector, education sector, military sector, and power plants (nuclear power plants) and the size of imports was reduced somewhat. Conclusion: It is expected that data acquired through periodic surveys on the status of utilization would be utilized practically in establishing governmental policies related to the promotion of usage of radiation and radioisotopes, and also be utilized widely in cultivating and developing the industry efficiently to invigorate the related industries.

Modeling Planned Maintenance Outage of Generators Based on Advanced Demand Clustering Algorithms (개선된 수요 클러스터링 기법을 이용한 발전기 보수정지계획 모델링)

  • Kim, Jin-Ho;Park, Jong-Bae
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.4
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    • pp.172-178
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    • 2006
  • In this paper, an advanced demand clustering algorithm which can explore the planned maintenance outage of generators in changed electricity industry is proposed. The major contribution of this paper can be captured in the development of the long-term estimates for the generation availability considering planned maintenance outage. Two conflicting viewpoints, one of which is reliability-focused and the other is economy-focused, are incorporated in the development of estimates of maintenance outage based on the advanced demand clustering algorithm. Based on the advanced clustering algorithm, in each demand cluster, conventional effective outage of generators which conceptually capture maintenance and forced outage of generators, are newly defined in order to properly address the characteristic of the planned maintenance outage in changed electricity markets. First, initial market demand is classified into multiple demand clusters, which are defined by the effective outage rates of generators and by the inherent characteristic of the initial demand. Then, based on the advanced demand clustering algorithm, the planned maintenance outages and corresponding effective outages of generators are reevaluated. Finally, the conventional demand clusters are newly classified in order to reflect the improved effective outages of generation markets. We have found that the revision of the demand clusters can change the number of the initial demand clusters, which cannot be captured in the conventional demand clustering process. Therefore, it can be seen that electricity market situations, which can also be classified into several groups which show similar patterns, can be more accurately clustered. From this the fundamental characteristics of power systems can be more efficiently analyzed, for this advanced classification can be widely applicable to other technical problems in power systems such as generation scheduling, power flow analysis, price forecasts, and so on.

IT Industrial Policy of Western Area in China (중국 서부지역 IT 산업의 발전 동향)

  • Kwon, Oh-Heung;Choi, Young-Ji;Kim, Do-Hwan
    • Resources Recycling
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    • v.14 no.1
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    • pp.64-71
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    • 2005
  • In spite of economic slump of global IT market, China is showing growth of 25% per year. After opening economy, the economic growth of the country haven't flagged. Moreover, according to the economic plan of the President HuJinTao who took office in 2002, IT field has been developing quickly. Even through such development is enough to show off the ability of China in the wrld, it is also a fact that there are many side effects. Among them, the imbalance of development between the east and the west is disturbing the general Chinese development. So the government is making efforts to reduce the gap as a solution, "Go West campaign". While progressing the policy, the related law which restricted domestic demand market advance in 2000 has been abolished. We also have an opportunity for launching the west of China at the same line with other developed countries. Based on such realities, we are going to research the general present state and policy of Chinese IT industries and the direction in which we have to go by investigating the situation of the western area is suggested.

A Study on Early Warning Model in the Dry Bulk Shipping Industry by Signal Approach (신호접근법을 이용한 건화물시장 해운조기경보모형에 관한 연구)

  • Yun, Jeong-No;KIm, Ga-Hyun;Ryoo, Dong-Keun
    • Journal of Navigation and Port Research
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    • v.42 no.1
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    • pp.57-66
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    • 2018
  • Maritime industry is affected by outside factors significantly due to its derivative demand characteristics. However, the supply side can not react to these changes immediately and due to this uniqueness, maritime industry repeats the boom-bust cycle. Therefore the government itself needs to operate early warning system in order to monitor the market and notice the upcoming risks by setting up a system to prepare for the situations. In this research, signal approach is used to establish early warning system. Overall leading index is composed of crisis index that is based on BDI(Baltic Dry Index) and various leading indexes such as finance, economy, shipping and the others. As a result of computing overall leading index which is early warning system in maritime through signal approach, the index showed a high correlation coefficient with actual maritime risk index by difference of 4 months. Also, the result was highly accurate with overall leading index's QPS(Quadratic Probability Score) at 0.37.

A Study on the Volatility Analysis of Economic Indicators Using Extended Bayesian Information Criteria (확장된 베이지안 정보기준을 이용한 경기지표의 변동성 분석 연구)

  • Jeon, Jin-Ho
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.4
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    • pp.260-266
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    • 2017
  • The global economy, including Korea, has continuously searched for various market-friendly policies and new economic systems in pursuit of the forth industrial revolution. As a result, economic markets have grown, and factors affecting markets have diversified. Therefore, as for many company's decision makers, it has become an important issue to analyze and forecast markets accurately and effectively for rapid and appropriate decision making. In this study, we aim to improve the accuracy and validity of forecast models by applying extended information criteria in existing restricted information criteria to determine optimized modeling for the accurate analysis and prediction of complex market environments. In order to verify the practical use of the extended information criteria adopted in this study, we compare this study employing KOSPI data with previous studies. Experimental results show that applying extended information criteria is more accurate than using the existing information criteria.