• Journal of Korea Port Economic Association
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• v.27 no.4
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• pp.237-251
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• 2011

There have been a number of studies on ports and they have made great contributions to the development of ports. However, there have been no research that classified and organized the results comprehensively. Therefore, this study aims to analyze the results of studies related to Korean port economics. For the purpose, we carried out a meta-analysis targeting 659 articles published in Journal of Korea Port Economic Association from 1991 to 2010. For the meta-analysis on themes of port economics and methods, the study presented a total of three items to be analysed: First, we analysed characteristics of researchers, discussed themes and identified contents by analysing research methods used for the studies. As a result, port economics have shown great growth in volume and recently, more attentions have been paid to ports along with increase of researchers, and themes and methods of research have been sub-categorized and diversified. Therefore, based on the results of the study, comparative studies should be added.

• Proceedings of the Korea Society for Simulation Conference
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• 1992.10a
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• pp.1-1
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• 1992

This paper presents a user-oriented port expansion simulation model that determines the future economic port capacity to meet the projected demand. The model consists of two parts; a physical impact simulation, and an economic impact simulation. The first part of the model simulates the effects caused by the port capacity expansion. The second part evaluates the port economics due to changes in the port capacity. The model was validated by applying it to the actual port expansion followed at the Port of Mobile, Alabama. A case study is then presented to demonstrate the capacity of the model with a coal handling port, the McDuffie Terminals at the Port of Mobile.

• Journal of Navigation and Port Research
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• v.36 no.7
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• pp.553-559
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• 2012

It is extremely important to predict the logistics requirements in a scientific and rational way. However, in recent years, the improvement effect on the prediction method is not very significant and the traditional statistical prediction method has the defects of low precision and poor interpretation of the prediction model, which cannot only guarantee the generalization ability of the prediction model theoretically, but also cannot explain the models effectively. Therefore, in combination with the theories of the spatial economics, industrial economics, and neo-classical economics, taking city of Erdos as the research object, the study identifies the leading industry that can produce a large number of cargoes, and further predicts the static logistics generation of the Erdos and hinterlands. By integrating various factors that can affect the regional logistics requirements, this study established a logistics requirements potential model from the aspect of spatial economic principles, and expanded the way of logistics requirements prediction from the single statistical principles to an new area of special and regional economics.

• Journal of the Korean Institute of Navigation
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• v.12 no.1
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• pp.113-136
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• 1988

Decision Science or Decision Analysis can be described as a scientific methodolog to provide suitable quantitative information for the decision maker to be able to selected the best feasible alternative on the given decision environment and thus we can say that where there are decision problems, there needs the decision analysis to be applied to them. International shipping is generally said to be the cheapest and most widely used means of transport in international trade and each of the hundreds of seaport. So far as the decision makings in the shipping and port transportation are concerned, of real importance is to understand what the decision problems in each of shipping and port transportation really are and to recognize the meaning of relevance between shipping and seaport in the outworn phrase, that is to say, "The chain is as strong as its weakest link." This paper is intended to present a literature survey on the applied decision analysis to shipping and port transportation problems which have actually been involved in the wide variety of decision environment. At first, the author suggests four divisional framework such as decision analysis in each field of Shipping Economics, Management and Operations of Shipping, Port Economics, and Port Operation and Management, according to the main concern of the decision environment, and then the literature surveys on those four major divisions are described including the problems and solution approaches in each case. The author concludes the paper with the comment on the need of joint research around this area by citing the phrase of "a process of updating the decision makers' intuitions."s' intuitions."quot;

• East Asian Journal of Business Economics (EAJBE)
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• v.9 no.1
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• pp.41-51
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• 2021

Purpose - The purpose of this study is to propose strategies of improving efficiency of 20 listed port companies in China based on analysis of their input-output indexes from 2014 to 2018. Research design, data, and methodology - In this paper, the relevant input-output indicators of 20 listed port companies in China from 2014 to 2018 were adopted. Data derived from the company annual reports announced by Shanghai stock exchange and Shenzhen stock exchange. Comprehensive efficiency and pure technical efficiency were measured from output perspective by DEA and Malmquist index, and efficiency changes and regional efficiency were analyzed. Result - The results showed that the efficiency value of 20 listed port companies in China fluctuated and increased during 2014-2018, regional efficiency was unbalanced, and change of MPI was influenced by internal factors and external factors. Listed port companies affected by internal and external factors needed to make appropriate response to internal and external factors. Conclusion - The research conclusion can provide important reference information about management and planning for port companies in China and related areas. However, this paper is limited to the availability of data. So the improvement scheme for listed companies in inefficient regional ports needs further study, such as using AHP method.

• Journal of Korean Port Research
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• v.14 no.2
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• pp.143-154
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• 2000

In port management, the scale of facilities and port layouts are major factors characterizing the port, which influence port economics and productivities continuously through the port operation. Grouping ports in certain region by their characteristics could be used as the principal informations to establish national policy for port development or investment and also to analyze the competitiveness between ports. Currently Korean ports are divided into two groups such as the local port and the designated port containing foreign trade port and coastal port under the Korean port law. These divisions seem to be used for port administration as the matter of convenience but some qualitative grouping is needed for research of port problems. In this paper, 20 major Korean ports were clustered by the similar characteristics using Fuzzy C-Means and found to be classified 8 qualitative groups.

• Environmental and Resource Economics Review
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• v.33 no.3
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• pp.291-314
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• 2024

The International Maritime Organization (IMO) has strengthened environmental regulations, leading to an increase in demand for LNG-powered ships. To enhance the competitiveness of ports and promote the use of LNG-powered ships, establishing LNG bunkering infrastructure is necessary. However, no ports in Korea currently have such infrastructure. This study used the 2015 regional input-output table to examine the economic impact of establishing LNG bunkering infrastructure in Busan Port, the largest port in Korea. The estimated cost of the project in 2023 was KRW 21.09 billion. The average production, value-added, and employment inducement coefficients were 1.223, 0.372, and 7.58, respectively.

• Journal of Information Processing Systems
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• v.19 no.4
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• pp.407-416
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• 2023

In order to effectively relieve the traffic pressure of the city, ensure the smooth flow of freight and promote the development of the logistics industry, the selection of appropriate port logistics location is the basis of giving full play to the port logistics function. In order to better realize the selection of port logistics, this paper adopts the entropy weight method to set up a multi-dimensional evaluation index, and constructs the evaluation model of port logistics location. Then through the actual case, from the environmental dimension and economic competition dimension to make choices and analysis. The results show that port d has the largest logistics competitiveness and the highest relative proximity among the three indicators of hinterland city economic activity, hinterland economic structure, and port operation capacity of different port logistics locations, which has absolute advantages. It is hoped that the research results can provide a reference for the multi-dimensional selection of port logistics site selections.

• Proceedings of the Korea Port Economic Association Conference
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• 2006.08a
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• pp.1-12
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• 2006

As national economies globalize, demand for intercontinental container shipping services is growing rapidly, providing a potential economic boon for the countries and communities that provide port services. On the promise of profits, many governments are investing heavily in port infrastructure, leading to a possible glut in port capacity, driving down prices for port services and eliminating profits as ports compete for business. Further, existing ports are making strategic investments to protect their market share, increasing the chance new ports will be overcapitalized and unprofitable. Governments and port researchers need a tool for understanding how local competition in their region will affect demand for port services at their location, and thus better assess the profitability of a prospective port. We propose to develop such a tool by extending our existing simulation model of global container traffic to incorporate demand-side shipper preferences and supply-side strategic responses by incumbent ports to changes in the global port network, including building new ports, scaling up existing ports, and unexpected port closures. We will estimate shipper preferences over routes, port attributes and port services based on US and international shipping data, and redesign the simulation model to maximize the shipper's revealed preference functions rather than simply minimize costs. As demand shifts, competing ports will adjust their pricing (short term) and infrastructure (long term) to remain competitive or defend market share, a reaction we will capture with a game theoretic model of local monopoly that will predict changes in port characteristics. The model's hypotheses will be tested in a controlled laboratory experiment tailored to local port competition in Asia, which will also serve to demonstrate the subtle game theoretic concepts of imperfect competition to a policy and industry audience. We will apply the simulation model to analyze changes in global container traffic in three scenarios: addition of a new large port in the US, extended closure of an existing large port in the US, and cooperative and competitive port infrastructure development among Korean partner countries in Asia.

• Journal of Korea Port Economic Association
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• v.37 no.1
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• pp.87-101
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• 2021

The Korea Port Economics Association was established in 1985 and has been operated for academic research on port economics and research on port logistics. Marking the 35th anniversary of its establishment, it is necessary to establish a new development strategy for academic societies and academic journals. This study analyzed the current status of publication of the Journal of Korea Port Economic Association, from the first issue of 2017 to the December issue of 2019, the utilization and systematic nature of this journal, and the efforts implemented to improve the quality of the journal. The recognition, utilization, and subject inconsistencies were analyzed to determine the academic value of the journal. The findings suggested the journal's academic excellence, as evidenced by its highest ranking by Journal Impact Factor among agro-oceanography journals (among 77 journals) and marine transport journals (among four journals). Further, the direction of development for this academic journal was presented with reference to research characteristics and specialization efforts.