• Structural Engineering and Mechanics
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• v.71 no.2
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• pp.139-151
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• 2019

In a project schedule, it is possible to reduce the time required to complete a project by allocating extra resources for critical activities. However, accelerating a project causes additional expense. This issue is addressed by finding optimal set of time-cost alternatives and is known as the time-cost trade-off problem in the literature. The aim of this study is to identify the optimal set of time-cost alternatives using a multiobjective teaching-learning-based optimization (TLBO) algorithm integrated with the non-dominated sorting concept and is applied to successfully optimize the projects ranging from a small to medium large projects. Numerical simulations indicate that the utilized model searches and identifies optimal / near optimal trade-offs between project time and cost in construction engineering and management. Therefore, it is concluded that the developed TLBO-based multiobjective approach offers satisfactorily solutions for time-cost trade-off optimization problems.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.6
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• pp.157-172
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• 2020

This study attempts to analyze trade flows between Vietnam and China in order to understand the mutual influence of bilateral trade relations. China is a country with the world's leading economic potential. China and Vietnam are neighboring countries sharing a border of 1,281 km. Trade relations between the two countries are a necessity and, with a right policy, are beneficial to both. Vietnam has a trade deficit with China. This situation is exacerbated by the continuing rise in the gap. Vietnam trade deficit from China was USD12.5 billion in 2010, increasing to USD24 billion in 2018. Data are extracted from the 2015 national input-output tables of Vietnam and China as well as Vietnam Household Living Standard Survey statistics. The research identified 36 sectors of bilateral input-output trade between Vietnam and China. A bilateral output-input model is applied to analyze how final demand and use of input in the production of this country induces output and value added of the other country. The results show that China benefits more from Vietnam's production and consumption than Vietnam does. Vietnam's inter-sector structure does not stimulate domestic production due to the absence of supporting products as inputs in the production process.

• The Journal of Information Technology
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• v.7 no.2
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• pp.29-42
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• 2004

The growth in EC will continue, irrespective of the medium or the type of environments established by organizations. Global electronic trade has been increasingly spreading all over the world due to the rapid development of internet and IT. For expanding the use of electronic trade, electronic payment based on electronic trade payment system is essential. The importance of trust is based on the potential use of the technology to increase information sharing. Last, it is necessary that the payment and performance guarantee function are added to unified global authentication system. As for now, Indentrus system is the most appropriate model for it. Thus, the purpose of this study is to present on the international trade trust for improvement to Electronic Commerce.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.10
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• pp.49-59
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• 2022

This paper examined the impact of real exchange rate volatility on trade balance in Malaysia by using quarterly data from year 2000 until 2019. Generalized Autoregressive Heteroscedasticity (GARCH) model was used to extract the volatility component of real exchange rate before examining its impact on trade balance. Furthermore, Autoregressive Distributed Lag (ARDL) model was used to investigate the long-run relationship and short-run dynamic between trade balance, money supply, national income and volatility of exchange rate. Empirical results show the existence of co-movement between variables under study in the long-run. However, the results also suggest that volatility of real exchange rate does not significantly affect trade balance neither in the long-run nor short-run. The risk which is associated in the movement of exchange rate do not influence trader's behaviour toward Malaysia exports and imports. Thus, it should be note that any depreciation or appreciation in Malaysian Ringgit do not have an impact towards trade balance either it is being further improved or deteriorates. Hence, exchange rate volatility may not be too concern for policymakers. This may be partially due to manage floating exchange rate regime that has been adopted by Malaysia eventually eliminated the element of risk in the currency market.

• Korea Trade Review
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• v.44 no.2
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• pp.203-219
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• 2019

Recently, the Trump administration initiated a new United States-Mexico-Canada Agreement (USMCA) that strengthened NAFTA's rules of origin to enhance protectionism while maintaining the framework of trade agreements rather than completely abolishing them. This study focuses on the behavior of firms motivated to influence the government to practice protectionist trade by analyzing the rules of origin verification and adopting the political economics model. This paper explains the process of endogenous determination of the stringency of rules of origin verification as a non-tariff barrier using the lobbying model. Comparative static analysis shows that the more efficient technology a domestic firm has and the more government prefers to raise political contribution, the more is verification likely to be strict. This suggests that a rationale exists to maintain a free trade agreement in the form of the new agreement (USMCA) without abolishing the current NAFTA regime.

• Korea Trade Review
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• v.47 no.6
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• pp.291-305
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• 2022

In this study, the volume of Pohang Port was predicted. All cargo of Pohang port, iron ore, steel, and bituminous coals were selected as prediction targets. SARIMA, Prophet, and Neural Prophet were used as analysis methods. The predictive power of each model was verified, and a predictive model with high performance was used to predict the volume of goods in Pohang port. As a result of the analysis, it was found that Neural Prophet showed the highest performance in all predictive power. As a result of predicting the future volume of goods until August 2027 using Neural Prophet, it was found that the volume of all items in Pohang port was decreasing. In particular, it was analyzed that the decline in steel cargo was steep. In order to increase the volume of cargo at Pohang port, it is necessary to diversify the cargo handled at Pohang port and check the policy of increasing the volume of cargo.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.57
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• pp.243-282
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• 2013

This study aims to develop the research model about the factors that have impact on uTradeHub users' acceptance and resistance to innovation. The followings show the research hypotheses and the results of test. i) The result of H1 empirical analysis confirmed that relative advantage and task adaptedness of e-Trade have more impact on acceptance of innovation than on resistance to it. And also perceived risk and complicity of e-Trade have more impact on resistance of innovation than on acceptance to it. ii) The result of H2 analysis confirmed that the characteristics of foreign trading companies (support by CEO and IT infra maturity) has more impact on acceptance of innovation than on resistance to it. iii) The result of H3 analysis confirmed that characteristics of uTradeHub user' resistance has more impact on resistance of innovation than on acceptance to it. And also, it was confirmed that acceptance of innovation has more impact on the diffusion of e-Trade than resistance to innovation. iv) The result of H4 analysis confirmed that the difference of the degree and factors that has impact on the user's resistance and acceptance by adoption stage of e-Trade. This study has significance in that it arranges the concept and stages of e-Trade systematically and, unlike other studies, it goes beyond the acceptance and diffusion of e-Trade to the inclusion of resistance together in the model.

• East Asian Economic Review
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• v.20 no.1
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• pp.3-35
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• 2016

This paper analyses the new discipline on state-owned enterprises contained in the recently concluded Trans Pacific Partnership Agreement, and evaluates various factors that influenced the shaping of its specific rules. The new discipline consolidates and strengthens related provisions in current trade regimes, reflects various aspects of trade disputes between China and the US, and adopts, as its general underlying rationale, the principle of competitive neutrality. The new discipline contains elements that may challenge the multilateral trade regime, and may serve as a role model in regulating state-owned enterprises, including subsidies in services trade in other on-going trade negotiations. The new regime makes us think hard about fundamental issues regarding enforcement of competition policy against state-owned enterprises, treatment of non-market economies, and how to deal with effects of subsidies in international trade, bringing competition issues back on the trade agenda.

• East Asian Economic Review
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• v.21 no.4
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• pp.295-315
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• 2017

This paper derives the gravity equation with intermediate goods trade. We extend a standard monopolistic competition model to incorporate intermediate goods trade, and show that the gravity equation with intermediates trade is identical to the one without it except in that gross output should be used as the output measure instead of value added. We also show that the output elasticity of trade is significantly underestimated when value added is used as the output measure. This implies that with the conventional gravity equation, the contribution of output growth can be substantially underestimated and the role of trade costs reduction can be exaggerated in explaining trade expansion, as we demonstrate for the case of Korea's trade growth between 1995 and 2007.

• International Commerce and Information Review
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• v.7 no.4
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• pp.305-322
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• 2005

To meet the demand of Korea's e-trade, global e-trade should be implemented and the global network is absolutely needed for the completion of e-trade. In this regard, this study suggested the concept and effect of global e-trade and analyzed the current status of PAA, ASEM projects which have been processing as pilot projects. Also, it derived tasks for the implementation of global e-trade through SWOT analysis and made up questions to the firms which are participating the pilot projects. Therefore, the four implementation models of global e-trade network are brought up. These models are very similar to each pilot project such as PAA, ASEM, and could be classified by developed and developing countries.