In Risk Savvy, Gigerenzer reveals that most of us, including doctors, lawyers, financial advisers, and elected officials, misunderstand statistics much more often than we think, leaving us not only misinformed, but vulnerable to exploitation. Yet there is hope. Anyone can learn to make better decisions for their health, finances, family, and business without needing to consult an expert or a su…
The Indonesia Port Corporation's (IPC) ports are crucial to the functioning of Indonesia economy. Serving an area that is home to almost 100 million people and two-fifths of the economy, the Corporation's ports handle almost one-third of the value of exports from the country. And Tanjung Priok, the country's largest port, handles five times more imports (by value) than any other port in indones…
In recent years, many foreign firms have flocked to China (People’s Republic of China) to take advantage of the opportunities in the large market. However, some of these firms have faced logistical problems in transporting and distributing their goods in China. Identifies the transportation problems faced by foreign firms operating in China and examines the possible actions and factors for mi…
Despite their high economic importance, academic research has granted KG funds only marginal attention. A main reason is the lack of reliable performance data due to non-observable market prices during the lifetime of a KG fund. In order to measure the performance of KG funds, we construct an index using a database of more than 300 German one-ship companies during the sample period from Decembe…
Prasarana dan sarana transportasi adalah urat nadi kehidupan ekonomi dan perdagangan sebuah negara. Pertumbuhan ekonomi mustahil terjadi tanpa dukungan infrastruktur transportasi yang memadai. Peran sektor transportasi lebih penting lagi di negara kepulauan seperti Indonesia, yang tak hanya memerlukan aneka moda transportasi darat—angkutan jalan raya dan …
As an effective alternative to conventional direct financing, project financing has become one of the hottest topics in corporate finance. It′s being used more and more frequently and more successfully on a wide variety of high–profile corporate projects, and has long been used to fund large–scale natural resource projects. But the challenges of successful project financing are immense, a…
How to apply the value investing model to today's high-growth Asian companies This revised edition of Value Investing in Growth Companies serves as a step-by-step guide that lets investors combine the value investing and growth investing models to find excellent investment opportunities in emerging Asian companies. Though these two investing styles are very different, the authors' proprietary "…
The aim of this paper is to develop realistic and relevant investment planning models for inland container transportation systems. The models may be utilized to identify the most eOEective investment plan for inland transportation infrastructure development and to evaluate the inland container transportation system. The procedure enables determination of the optimal locations, sizes and time of…
This paper discusses the needs and possibilities of widening the traditional perspective through which shipping investment decisions are taken by embedding them in a multicriteria environment. The set off point has been the frequent observation that a shipping decision maker (DM) faced with ship investment decision-making is influenced by factors that are not clearly financial or cannot be easi…
This paper develops a theoretical model to analyze the congestion internalization of the shipping lines, taking into account the ‘knock on’ effect (i.e. the congestion delay passed on from one port-of-call to the next port-of-call). We find that with the presence of the knock-on effect, liners will operate less in terminals, and an increase of a liner’s operation in one terminal will decr…
HONG J. (2007) Firm-specific effects on location decisions of foreign direct investment in China’s logistics industry, Regional Studies 41, 673–683. This paper uses conditional logit models to investigate firms-specific effects on location decisions of foreign direct investment in China’s logistics industry. Based on a recent census database, the empirical results indicate that the import…
This paper analyzes the incentives for and welfare implications of collaboration among lo- cal governments in landside port accessibility investment. In particular, we consider two seaports with their respective captive markets and a common inland market for which the ports compete. The ports and the inland belong to three independent regional gov- ernments, each making investment decisions on …
This study models airport capacity choice when a real option for expansion can be pur- chased. Facing demand uncertainty, an airport first determines the capacity for immediate investment (the prior capacity) and the size of the land or other resources to be reserved for possible future expansion (the reserve). Once demand is observed, the airport can use a portion of the reserve to build extra…
The purpose of this paper is to identify the components required for more robust landed cost models given the now widespread interest in sourcing finished goods, components for assembly, and basic raw materials from global sources. This study also seeks to establish the need for broad-based participation in operationalizing such models.
This study aims to empirically identify investment incentive preference segments for international logistics zones from the manufacturer’s perspective.
The purpose of this paper is to examine the propensity of sovereign wealth funds (SWFs) for shareholder activism and their potential impact on corporate governance.
The hinterland infrastructure (e.g. dry ports that tend to bond railways, seaports, warehouses and roads) is one of the vulnerable points of the national economics. In the deficit of financial resources, the modernisation of the current assets and realisation of the new major projects are possible through public private partnerships (PPPs). Notably, the attention is focussed on the options for …
Public authorities can make a wide variety of institutional arrangements for the provision and operation of infrastructure. What is the best organisation or, to put it more pragmatically, what are the advantages and drawbacks of the various options? This is the question that the present chapter will address, building on the lessons of principal-agent theory and on the analysis of various situat…
Any economic analysis of seaport activity requires a clear definition of the concept of seaport and an understanding of the institutional context. Policymaking in ports, including Flanders, is largely controlled by an administrative authority. The reason for public authorities’ great interest is that ports are of enormous economic significance to the area governed. The degree of involvement…
This study analyzes capacity expansion and ship choice decisions. Theoretically, we derive the probability of capacity expansion as a function of market and companyattributes and characterize the impacts of these factors on expansion decisions.Empirically, we analyze ship investment and ship choice behaviour using binary choice and nested logit models based on ship investment data from major li…
The problem of determining the required ship investment for deployment is an ongoing problem faced by governments and ship operators. The nature of ship investment is capital-intensive and the return on investment is often take long time. This paper attempts to establish system dynamics modeling (SDM) to simulate and solve this problem in order to help ship operators make effective strategic de…
The Indonesian government seeks private investors for development projects on the Madura Island. The first project involves a 15.3km toll bridge which will cost around IDR2.5trn (USD187.52mn). The bridge will allow access to a planned port, according to Herman Hidayat, acting head of the Surabaya-Madura Development Agency (the Jakarta Post). Other projects include a 2.5sq km port development pr…
This study’s purpose is to contribute to literature on training evaluation following Kirkpatrick’s four-levels model and estimating each training program’s return on investment (ROI) using evidence from a small firm.
The analysis of the role of foreign direct investment (FDI) in the emergence and development of digital economy.
Performance-based logistics (PBL) strategies are providing governments and for-profit organizations with a contractual mechanism that reduces the life cycle costs of their systems. PBL accomplishes this by establishing contracts that focus on the delivery of performance not parts. PBL establishes a metric based governance structure where suppliers make more profit when they invest in logistics …
In spite of the wide experience already developed in the field of internal logistics using radio frequency, many companies are wary of its implantation due to the fact that the benefits of this technology are not easily quantifiable in most cases. Develops a detailed discounted payback analysis of the cash flows associated with the implementation of radio frequency, presenting a table with the …
The purpose of this paper is to investigate retailers’ power-dependence management through the lens of supply chain diversification, and explore how it is linked to their logistic arrangements in managing suppliers and their retail performance.
The choice of an investment location by a multinational enterprise (MNE) is determined not only by firm-specific variables that define the motive of foreign direct investment (FDI), but is also determined by variables that define locational aspects. The purpose of this paper is to report on the study of the constituents of production and logistics environment of a host country and its effect on…