• Title/Summary/Keyword: location of Korean business

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Location Efficiencies of Host Countries for Strategic Offshoring Decisions Amid Wealth Creation Opportunities and Supply Chain Risks

  • Ma, Jin-Hee;Ahn, Young-Hyo
    • Journal of Korea Trade
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    • v.25 no.3
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    • pp.21-47
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    • 2021
  • Purpose - Offshoring has emerged as one of the major trends in international trade and has become one of the strategies for achieving competitiveness in the global market. In spite of this, the expected gains of offshoring can be offset by hidden costs and risks, such as those associated with the COVID-19 pandemic, the trade war between the USA and China, and the ongoing trade dispute between Korea and Japan. To obviate such business failure and prevent critical business blunders, offshoring strategies that efficiently consider both risk elements and potential wealth creation are urgently need. The first purpose of this study is to contribute to the development of more advanced offshoring strategies to help host countries select the best locations to manage supply chain risks and create unique value. The second purpose is to specifically analyze the current status of Korea and provide Korean companies with implications to be considered when deciding whether to offshore or re-shore. Design/methodology - A Network DEA model was applied to measure the comparative location efficiency of national competencies for offshoring strategy from perspectives of wealth creation opportunities (profitability and marketability) and supply chain risk management. The location efficiencies are compared among a total 70 countries selected from the Global Competitiveness Index (GCI) and globally attractive locations outlined by Kearney (2017). For the secondary analysis of efficiency, a t-test examining the nature of competitive advantage and the level of sophistication in production processes was implemented in three divisions. We then analyzed differences in offshoring performance in terms of the identified national traits. Moreover, Tobit regression analysis is conducted to investigate the correlation between value-added business activities and each divisional efficiency, seeking to determine how each degree of value-added business activity influences the increase in offshoring productivity. Findings - Regarding overall location efficiency for offshoring performance, only the USA and Italy were identified as being efficient as host countries for offshoring, under circumstances of advanced development, such as productivity and risk management. Korea ranks 13th among 70 countries. The determinants of national competitiveness depend on national traits (the nature of competitive advantage and business sophistication). Countries with labor/resource advantages and labor-intensive industries are more competitive in terms of marketability than others. In contrast, countries with strong technology-intensive industries benefit offshoring companies, particularly in the technology sector, with the added advantage of supply chain risk management. As the perception of a value chain is broader in a country, it can achieve both production sophistication and competitive advantages such as marketability and SCRM. Originality/value - Existing studies focus on offshoring effectiveness from a company perspective. This paper contributes to comparing country efficiency in producing core competencies related to an offshoring strategy and also segments countries into three performance-based considerations associated with the global offshoring market. It also details Korea's position as an offshoring location according to national efficiency and competency.

A Statistical Approach for the Determination of Location and Range of Fishing Grounds in the Coastal Vessel Fishery (통계학적 접근에 의한 연안어업의 조업어장 위치 및 범위결정 에 관한 연구)

  • Kang, Y.J.;Kim, K.S.;Yi, S.B.
    • The Journal of Fisheries Business Administration
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    • v.38 no.1 s.73
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    • pp.97-113
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    • 2007
  • This study attempts to suggest a new approach of the the determination of location and range of fishing ground in the coastal vessel fishery using the anaiysis of variance(ANOVA) and least significant difference test(LSD test) in statistics. The important result of the empirical study is that there is no significant difference in fisfishing ground based on between fishermen's argument and spot investigation. But there is stastitically significant difference in fisfishing ground based on between fishermen's argument and the official documents of fishing records for past three years. The results suggest us that there exists a possibility of misuse of tax free oil providied for subsidizing fisheries. But because of the range limitation of data, it is impossible for us to generalize the above results.

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On the Assembly Block Storage Location Assignment Problem (조립블록 저장위치 할당문제에 대한 재고찰)

  • Park, Chang-Kyu;Seo, Jun-Yong
    • IE interfaces
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    • v.22 no.2
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    • pp.116-125
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    • 2009
  • We revisit the assembly block storage location assignment problem (ABSLAP) at a shipyard, in order to compensate for the deficiency in performance verification of the heuristic ABSLAP algorithm developed by the previous study. In this paper, we formulate a mathematical programming model of the ABSLAP, refine elaborately the heuristic ABSLAP algorithm, and show the performance of the developed mathematical programming model and the revised heuristic ABSLAP algorithm. In addition, we explain simulation experiments conducted using the revised heuristic ABSLAP algorithm to investigate the influences of block stockyard layouts and production schedule instability on the block stockyard operations.

AHP Model for Selecting a Fish Farm Site (어류양식장의 입지선택을 위한 계층분석과정(AHP)모형)

  • Lee, Kang-Woo
    • The Journal of Fisheries Business Administration
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    • v.38 no.1 s.73
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    • pp.19-45
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    • 2007
  • There have not been many studies which considered both quantitative and qualitative location factors on the issues of site selection problems for a fish farm. This study develops AHP(analytic hierarchy process) model to resolve site selection problem for a fish raising farm by using quantitative and qualitative factors. In order to evaluate the validity of the location factors found in the literature review, the study used advice from fish raising farmers and related academic experts. Four major factors have been selected as economic factors, social factors, natural environmental factors and infrastructures. An AHP structural diagram has developed by considering the factors and potential sites proposed for fish farming. Through the survey on the preference of factors and potential sites, pairwise comparison matrices have been estimated and used to calculated the relative weights of each potential site. The AHP model process shown in the study can be applied to resolve site selection problems for fish raising farmers.

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Analysis of Economic Effect of Accuracy Improvement in Location Based Services (개인위치정보 측위 고도화 정책의 경제적 파급효과 분석)

  • Park, Sung-Ki;Song, Jae-Do;Lee, Byung-Heon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.6 no.4
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    • pp.173-194
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    • 2011
  • This paper analyzes quantitative economic effect of accuracy improvement in location based services. This analysis is motivated from the situation that Korea Communications Commission is preparing the notification for 'location accuracy standard.' The analysis includes three level of impacts. Firm level analyzes the impact on revenue of firms. Social level additionally includes consumers' surplus in LBS industry. Lastly, economywide level includes ripple effects to another industries, which uses input-output analysis. The result of analysis shows that the economic value reaches to considerable amount and cost-benefit ratio is considerably high. The consumers' surplus is much larger than revenue increase. This result supports the intuition that many of location based services are for public interest and that the services have much externalities among firms and consumers. This means that the role of government is very important in the execution of accuracy improvement.

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Preference Analysis for Location Based Services on Smartphone Users; Focusing on the H University Students in Daejeon Area (스마트폰 사용자의 위치기반 서비스에 대한 선호도 분석: 대전지역 H 대학교 학생 설문을 중심으로)

  • Nam, Soo-Tai;Jin, Chan-Yong
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.10 no.4
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    • pp.59-66
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    • 2015
  • The rapid development of information communication technology(ICT) is born opportunities of business venturing and many items of start-up. On the smart media era, there are a lot of location based services. Thus we researched to find which factors impact location based constructs on smartphone environment in this study. We have conducted a preference analysis of the influencing factors for location based constructs for our study. In first steps, based constructs that were already known by empirical studies were categorized information, entertainment, safe&emergency, navigation&tracking and advertising&commerce. In second steps, the preference relationship among the categorized constructs were analyzed using AHP(analytic hierarchy process) technique. Participants of this study were 106 students H university in Daejeon-city during 2014. 10. 11 to 2014. 10. 25. The result of the analysis might be summarized that the chatting(0.170) has the highest preference among the above constructs. Based on these findings, several theoretical and practical implications were suggested and discussed.

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A Study of the Visual Image by Variations in the Location of the Waistline and the Width of the Round Belt of the Basic Pants (베이직 팬츠의 허리선 위치(位置)와 라운드 벨트 폭(幅)의 변화(變化)에 따른 시각적(視覺的) 이미지)

  • Kim, Ji-Young;Lee, Jung-Soon;Han, Gyong-Hee
    • Journal of Fashion Business
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    • v.10 no.5
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    • pp.15-27
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    • 2006
  • The purpose of this study is to evaluate the differences of visual image by variations in the location of the waistline and the width of the round belt of the basic pants. The stimuli are 21 samples: 7 variations of the location of the waistline and 3 variations of the width of the belt. The data has been obtained from 35 fashion design majors. The data has analyzed by frequency, factor analysis, anova, scheffe's test and the MCA method. The visual image by the location of waistline and the width of belt are composed of 3 factors : modernity, comfort and attraction factor. In these factors, modernity factor is estimated as the most important factor. The visual image is modern and attractive as the location of waist line goes down. And when the location of waist line is in the position of natural waist belt, belt of 3.2cm width is visually effective. Belt of 4.2cm width is effective except the position of natural waist belt. The interaction effects between the location of the waistline and the width of the belt have significant differences in comfort and attraction factors. As the main effect, significant differences were observed in all of the three factors according to the location of waistline and the width of belt.

A Study of the Visual Evaluations by Variations in the Location of the Waistline of the Basic Skirt (베이직 스커트의 로우웨이스트의 위치변화(位置變化)에 따른 시각적(視覺的) 평가(評價))

  • Lee, Jung-Soon
    • Journal of Fashion Business
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    • v.9 no.1
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    • pp.67-78
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    • 2005
  • The purpose of this study is to evaluate the differences of visual evaluatations by variations in the location of the waistline of the basic skirt. In the main experiment, we make 6 samples: the 1cm-natural waistline, the 3cm-natural waistline, the 5cm-natural waistline, the 7cm-natural waistline, the 9cm-natural waistline, the 11cm-natural waistline. The data has been obtained from 43 fashion design majors. The data has analyzed by Frequency, Factor Analysis, Anova, Scheffe's test. The results of the experiment are as follows. 1. The visual effects by the location of the waistline are composed of 4 factors: the shape of the abdomen, the shape of the pelvic, the length of the upper body, and the vertical effect of the lower body. 2. The visual effects by the location of the waistline have significant differnces all factors. The location of the waistline, which have the best visual effect, are the 3cm-waistline, the 5cm-waistline, and the 7cm-waistline. These location do not emphase the shape of the abdominal and pelvic regions, but they make the length of the lower part look slimmer and longer. 3. The visual image by the location of the waistline are corn posed of 3 factors: modesty, attractiveness, comfort. 4. The visual image by the location of the waistline have significant differnces all factors. In the visual image, the 1cm-waistline and the 5cm-waistline are evaluated badly in the aspects of modesty, attractiveness, comfort. The 9cm-waistline and the 11 cm-waistline are evaluated as having the best modesty and attraction features. The 3m-waistline are evaluated as the best comfort.

The Effect of Location Satisfaction of Innovative Start-ups on the Intention of Relocation: Focusing on Capital and Non-Capital Areas (혁신형 창업기업의 입지 만족도가 기업 이전 의도에 미치는 영향: 수도권과 비수도권 기업을 중심으로)

  • Choi, Jongmin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.6
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    • pp.57-68
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    • 2021
  • The purpose of this study is to investigate the effect of location satisfaction of innovative start-ups, located in capital and non-capital areas, on the intention of relocation. The analysis was based on the data of a survey of 231 innovative start-ups that were founded less than 7 years ago. 10 factors related to the aspects of business management, network building, and business environment were considered as location satisfaction of start-ups. The dependent variable was whether innovative start-ups plan to relocate. First, it was confirmed that in the case of innovative start-ups in capital area, the intention to relocate was found to decrease when the location satisfactions related to the promptly provision of products and services to consumers and ease of supplying labor were increased. Second, in the case of innovative start-ups in non-capital area, it was found that the intention to relocate was found to decrease when the location satisfactions related to creating a network, convenient transportation and free and creative start-up environment were increased. In addition, it was found that the higher the sales of start-ups in non-capital area, the lower their intention to relocate while the higher firm age of start-ups in non-capital area, the higher their intention to relocate. This study has an academic contribution to examining the relationship between between the location satisfactions of start-ups and the intention to relocate, which has been rarely addressed in Korea, and to shedding light on the difference in capital and non-capital areas. Furthermore, this study has policy implications since it suggests factors that the government should consider for geographical agglomeration of start-ups.

Optimal Design of Reporting Cell Location Management System using Ranking Ant Colony System (랭킹개미군전략을 이용한 리포팅셀 위치관리시스템 최적 설계)

  • Kim, Sung-Soo;Kim, Geun-Bae
    • IE interfaces
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    • v.19 no.2
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    • pp.168-173
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    • 2006
  • In the Reporting Cell Location Management (RCLM) system, a subset of cells in the network is designated as the reporting cells. Each mobile terminal performs location update only when it enters one of these reporting cells. When a call arrives, the paging is confined to the reporting cell the user last reported and the neighboring bounded non-reporting cells. Frequent location update may result in degradation of quality of service due to interference. Miss on the location of a mobile terminal will necessitate a search operation on the network when a call comes in. We must decide the number of reporting cells and which cell should be reporting cell to balance the registration (location update) and search (paging) operations to minimize the cost of RCLM system. This paper proposes a ranking ant colony system (RACS) for optimization of RCLM system.