scholarly journals Long-term container throughput forecast and equipment planning: the case of Bangkok Port

2018 ◽  
Vol 3 (1) ◽  
pp. 53-69 ◽  
Author(s):  
Veerachai Gosasang ◽  
Tsz Leung Yip ◽  
Watcharavee Chandraprakaikul

Purpose This paper aims to forecast inbound and outbound container throughput for Bangkok Port to 2041 and uses the results to inform the future planning and management of the port’s container terminal. Design/methodology/approach The data used cover a period of 16 years (192 months of observations). Data sources include the Bank of Thailand and the Energy Policy and Planning Office. Cause-and-effect forecasting is adopted for predicting future container throughput by using a vector error correction model (VECM). Findings Forecasting future container throughput in Bangkok Port will benefit port planning. Various economic factors affect the volume of both inbound and outbound containers through the port. Three cases (scenarios) of container terminal expansion are analyzed and assessed, on the basis of which an optimal scenario is identified. Research limitations/implications The economic characteristics of Thailand differ from those of other countries/jurisdictions, such as the USA, the EU, Japan, China, Malaysia and Indonesia, and optimal terminal expansion scenarios may therefore differ from that identified in this study. In addition, six particular countries/jurisdictions are the dominant trading partners of Thailand, but these main trading partners may change in the future. Originality/value There are only two major projects that have forecast container throughput volumes for Bangkok Port. The first project, by the Japan International Cooperation Agency, applied both the trend of cargo volumes and the relationship of volumes with economic indices such as population and gross domestic product. The second project, by the Port Authority of Thailand, applied a moving average method to forecast the number of containers. Other authors have used time-series forecasting. Here, the authors apply a VECM to forecast the future container throughput of Bangkok Port.

2019 ◽  
Vol 23 (10) ◽  
pp. 1984-2006 ◽  
Author(s):  
George Thomas Solomon ◽  
Nawaf Alabduljader ◽  
Ravi S. Ramani

Purpose Social entrepreneurship courses are among the fastest growing category of course offerings to entrepreneurship students (Brock and Kim, 2011) because both high growth potential- and steady growth-social ventures can create value and help solve social issues effectively and efficiently. As knowledge disseminators, entrepreneurship educators are in prime position to develop the knowledge, skills and abilities of students, which, in turn, increases their intentions to start a social venture and their ability to manage and grow their venture. Students gain an understanding about the role of entrepreneurship in addressing social opportunities, as well as knowledge related to starting, managing and growing social entrepreneurship ventures. This paper is divided into three parts. First, the authors broadly discuss the concept of social entrepreneurship. Second, the authors present an overview of the field of social entrepreneurship education (SEE) and its evolution. Finally, the authors supplement this review with an analytical examination of SEE, in which the authors present results of a cross-country analysis survey of over 200 entrepreneurship education programs in the USA and Canada. This paper aims to present information about: student enrollment in social entrepreneurship courses in comparison to other entrepreneurship courses; the frequency of offering social entrepreneurship courses and programs compared to other entrepreneurship courses and programs; and future trends in SEE. The results revealed a strong demand for social entrepreneurship from students, room for improvement in terms of the supply of course offerings, and a strong belief in the continued growth of social entrepreneurship. The authors conclude with suggestions about the future of SEE. Design/methodology/approach Analysis of secondary data derived from the oldest and most-frequently cited sources regarding entrepreneurship education in the USA and a novel data set examining entrepreneurship education in Canada. Both data sets were collected using an online self-report survey. Findings Demand for SEE continues to rise in both the USA and Canada. However, course and program offerings have not kept pace. Prominent trends in social entrepreneurship such as cross-campus programs and addressing the evolving demographics of students in higher education institutions need more attention. Originality/value A cross-cultural study of SEE that provides a high-level view of the state of the field today. In addition, the paper outlines the potential of the field of knowledge management for the future of SEE.


Kybernetes ◽  
2016 ◽  
Vol 45 (6) ◽  
pp. 931-945 ◽  
Author(s):  
Zheng-Xin Wang ◽  
Hong-Tao Zhu

Purpose – Since the construction of China-ASEAN Free Trade Area (CAFTA) launched in 2002, the bilateral trade increased rapidly. The purpose of this paper is to test the competition and cooperation in trade relationships between China and the main trading partners (Singapore, Malaysia and Thailand (SMT)) from ASEAN in international trade under CAFTA. Design/methodology/approach – Grey Lotka-Volterra competition models are established for testing the trade relationships between China and SMT, respectively, based on the data of import and export from 2003 to 2014. To improve modeling accuracy, the interpolated coefficients for dynamic background value are introduced into the grey Lotka-Volterra model. The optimal parameters are solved through minimizing the mean absolute percentage error and the constraint of parameter relationships. Besides, eigenvalues of the Jacobian matrix are adopted to carry out the stability of equilibrium points of the trade relationships. Findings – As the beneficiary party, China has mutual benefit and win-win trade relationship with Singapore, while it has predator-prey trade relationships with Malaysia and Thailand. The future exports from SMT to China will stabilize at 462.31, 598.13 and 447.03 billion dollars, respectively. The future exports from China to SMT will stabilize at 637.16, 943.71 and 827.52 billion dollars, respectively. Practical implications – This study can be regarded as an important reference for China and its trading partners from ASEAN. The modeling results can help the decision makers to formulate appropriate international trade strategies to gain and maintain competitive advantages. Originality/value – A new approach to testing the trade relationships is proposed based on grey Lotka-Volterra competition model. The study also proposed a dynamic optimization method for the background value of grey Lotka-Volterra model.


2018 ◽  
Vol 10 (1) ◽  
pp. 2-20
Author(s):  
Devon Powers

Purpose The paper examines the birth of trend forecasting in the USA and position trend forecasters and professional futurists within the wider history of marketing, market research and advertising. Design/methodology/approach The study is based upon archival research, interviews and close readings of primary and secondary literature. Findings Trend forecasters split from traditional market and opinion research in the early 1970s, as concerns about the future became paramount for businesses. At this time, entrepreneurial trend forecasters such as Faith Popcorn started firms, adopting futurological methods to make predictions about the future of culture. The field continued to grow into the 1990s as it developed or modified a host of mostly qualitative research methods, including environmental scanning, consumer ethnography and scenarios. Trend forecasting reveals the complexity of the relationship between business and “the future” and how trends aimed to predict as well as direct that future. Originality/value The article is among the first academic treatments of trend forecasting, drawn from original interviews and exclusively accessed archival research. It contributes to a theory and a history of the concept of a trend, which is understood here as a way to package the movement of culture as sellable. It likewise offers a unique exploration of the relationship between futurology and business.


Author(s):  
David Yerger ◽  
Gary David Sawchuk

PurposeThe paper's aim is to analyze changes in the relative importance of Canada as a supplier for its home markets; and, the rising importance of China versus other Canadian trading partners.Design/methodology/approachThe market overlap measure (MOM) statistic, developed by Sawchuk and Yerger is used to analyze the Canadian home market shares for Canada and every other nation with sales in the Canadian market for each of 61 different NAIC sectors (56 at the four‐digit NAIC level and five at the three‐digit NAIC level).FindingsThe USA remains the most important foreign supplier to Canadian markets with a weighted average 23.6 percent market share as of 2003 (Canadian‐based production having a 63.0 percent market share). US market share, however, has been declining by nearly a percentage point per year since 2000. Approximately, half of the lost US' market share has been captured by Canadian‐based firms and approximately a quarter has been captured by Chinese production. China's growth in Canadian market share places it second behind only the USA in terms of Canadian‐based firms' home market competitive exposure.Research limitations/implicationsThe work does not include an analysis of service sector trade flows due to inadequate data.Practical implicationsThe MOM statistic is shown to be a useful diagnostic tool for analyzing the level of, trends in, and industries driving the competitive exposure a nation's firms have on sales in a specified market.Originality/valueThe MOM statistic is shown to yield better insights regarding the actual degree of competitive exposure than does the more commonly used similarity indices such as Finger‐Kreinen.


2019 ◽  
Vol 26 (6) ◽  
pp. 1192-1216 ◽  
Author(s):  
Long Li ◽  
Zhongfu Li ◽  
Xiaodan Li ◽  
Guangdong Wu

Purpose The purpose of this paper is to provide comprehensive analysis and understanding of lean construction (LC) and to help researchers to find new gaps and research opportunities and develop potential collaboration chances. Design/methodology/approach The bibliographic data were obtained in peer-reviewed journals. The science mapping analysis and social network analysis (SNA) were used to conduct the analysis and visualization. Science mapping was performed to identify the research topics, evolution and the relationships between these topics. Also, the most influential LC-related articles in each topic were identified based on the concept of H-classics. SNA was also used to explore the collaboration status of authors and to identify the core authors in the LC field. Findings The results showed that topics in the LC field are consistently and continuously changing, which also reveals the fact that the lean concept system has evolved over time to a certain extent. The topics that could form the knowledge base of the LC research field in the future are related to two thematic areas: supply chain management (SCM) and planning and scheduling. SCM focuses on developing a system where supplier and client work together in coordination to deliver materials, works, equipment and labor and other resources. Moreover, prefabrication is a new hot topic, while BIM is a well-developed and isolated topic in the last five years. This result indicates that more studies need to be conducted in the future, to promote the integration of BIM and lean practices in the construction phase, as well as to explore the value of BIM in the reduction or elimination of waste and lean project delivery. As for global collaborations, LC research has been widely pursued throughout the world. The USA and the UK play the most dominant role in the international collaboration network. Research limitations/implications Since the analysis of data takes some time, the specific results of this paper are limited to articles published in peer-reviewed journals, which leads to a certain degree of research lag. Practical implications This paper provides insights (such as major journals, institutions, key scholars, the evolution of topics, highly indexed articles and the new LC trends in the last five years) for researchers in the LC field. Originality/value This paper gives a general review of the above-mentioned literature, including the number of LC-related articles published in each year, as well as the major journals and main contributors to the field of LC.


2018 ◽  
Vol 44 (8) ◽  
pp. 1031-1046 ◽  
Author(s):  
Harjeet Bhabra ◽  
Ashrafee Tanvir Hossain

Purpose The purpose of this paper is to analyze and compare the influence of the Sarbanes–Oxley (SOX) Act of the USA and the Canadian SOX (C-SOX) through the comparison of corporate acquisitions in these two countries. Design/methodology/approach The final sample includes 1,187 merger and tender offers undertaken by publicly traded (TSX listed) Canadian firms between 1990 and 2016. The authors use standard event study methodology (Patell, 1976) and Berkovitch and Narayanan’s (1993) seminal method to examine announcement period performance and deal motive, respectively. Findings The findings support the pro-regulation hypothesis which states that stricter regulations are more useful. Cross-listed acquirers exposed to SOX regime performed much better (both short- and long-term) than non-cross-listed counterparts with only C-SOX exposure. These findings are both statistically and economically significant. Research limitations/implications This study has direct implications as it provides evidence to the legislatures of the provinces, as well as to the federal government, that stricter regulations are effective and Canada should enact additional corporate legislation. Canada may have fared well in the past, but dynamics are changing and may further change in the future, and therefore, timely and stricter corporate legislation are more appropriate. Practical implications This study has direct implications as it provides evidence to the legislatures of the provinces, as well as to the federal government, that stricter regulations are effective and Canada should enact additional corporate legislation. Canada may have fared well in the past, but dynamics are changing and may further change in the future, and therefore, timely and stricter corporate legislation are more appropriate. Originality/value This study contributes to the growing literature of SOX-related studies. This is the first study to investigate comprehensively the differences between the two laws enacted by these neighboring countries. As USA and Canada share largely integrated capital markets and are each other’s biggest trading partner, this genre of research has great value. It is a timely study as the Canadian Federal Government is looking into standardizing corporate legislation across provinces and territories.


2014 ◽  
Vol 33 (1) ◽  
pp. 48-56 ◽  
Author(s):  
Patrick J. Montana ◽  
Francis Petit ◽  
Tara M. McKenna

Purpose – The purpose of this paper is to identify the challenges and marketing executive development needs of the future as revealed in surveys of senior marketing executives, chief marketing officers and CEOs of major corporations in the USA and globally. Design/methodology/approach – A historical analysis of the marketing function, its importance and emerging needs was conducted. Findings – Within this paper, the two questions of key importance that will be explored to manage marketing in tomorrow's world are as follows: what emerging trends present challenges to the marketing executive of the future? And what skills and knowledge trends and changes demand that the effective marketing executive acquire? The conclusion of this study indicate that the marketing executive of the future must have the needed skills in managing innovation and change, educating and developing leaders, understand technology, formulate and implement strategy, apply new leadership concepts, collaborate with government, anticipate social and technological advances, become more customer oriented and be more flexible. Originality/value – The paper is valuable in that it highlights the challenges and needs of senior marketing executives going forward in a changing world.


2019 ◽  
Vol 46 (4) ◽  
pp. 548-564
Author(s):  
Chinmoy Ghosh ◽  
Paul Gilson ◽  
Michel Rakotomavo

Purpose The purpose of this paper is to present a review of the student managed investment fund at the School of Business, University of Connecticut. Design/methodology/approach The authors trace the history and growth of the fund and identify the special features and dimensions that have contributed to its success. Findings The operation of the fund is a constantly evolving program and the authors discuss the important changes and improvements made in the program since its inception in the early 2000s in response to growth in the number of finance majors, new career opportunities in the field of investments and most importantly, the strength of capital markets and the development of new instruments in the capital markets. The authors also discuss the common features of over 300 student funds in the USA. The authors close with a discussion of the limitations and constraints the fund advisors at, and possibly, at other schools, face in the management and administration of the fund, and also what developments and adjustments the authors expect to see in these funds in the future. Originality/value The authors combine extensive analyses of fund history and performance. The authors also provide some suggestions for the future direction and priorities for student funds.


2018 ◽  
Vol 44 (6) ◽  
pp. 830-850 ◽  
Author(s):  
Muhammad Rizky Prima Sakti ◽  
Mansur Masih ◽  
Buerhan Saiti ◽  
Mohammad Ali Tareq

PurposeThe purpose of this paper is to examine the extent to which the IndonesianShariahcompliant investors can benefit from the portfolio diversification with the Islamic indices of its trading partners and selected commodities such as gold, crude oil, and cocoa.Design/methodology/approachThe authors use daily time series data covering both Islamic and commodity indices starting from June 4, 2007 until December 30, 2016 by the application of multivariate-generalized autoregressive conditional heteroscedastic and continuous wavelet analysis.FindingsThe findings tend to indicate that investors with exposure inShariahcompliant indices of Indonesia and wanting to gain more diversification benefits should invest either in the USA or India Islamic equity. Instead, the greater benefits will be obtained byShariahcompliant investors if they invest in the USA Islamic indices during long-term investment horizons. If investors want to invest in medium investment horizons, investing in India Islamic equity is a viable option. The findings further suggest that gold has a role of diversification benefits as a “safe haven” instrument for investors. It is advisable for the investors that have exposure in commodities (gold, crude oil, and cocoa) and want to invest in Indonesian Islamic equity, they should hold the portfolio for not more than 16 days to gain diversification benefits.Originality/valueThe results of this study are expected to have crucial implications for the IndonesiaShariahcompliant investors and portfolio managers because it will help them to understand portfolio diversification benefits with different stock holding periods or investment horizons.


foresight ◽  
2014 ◽  
Vol 16 (5) ◽  
pp. 410-431 ◽  
Author(s):  
Fred Young Phillips

Purpose – The purpose of this paper is to examine the question: What shall we measure? and offers preliminary answers. Data for innovation management and policy must be valid, reliable, relevant and actionable. Design and approach – The paper examines trends within finance, environment and institutions and society, all with regard to innovation and technology. It examines how these trends interact with each other and with measurement of innovation and socio-technical change. Findings – In the future, measurement for innovation policy must occur in markedly different ways – and on quite different scales – than is currently the practice. The paper concludes with a future-oriented list of items to be measured, with preliminary guidelines on how to organize to measure them. Research limitations/implications – Foresight researchers must put new emphasis on measurement. Practical implications – Local and national statistical agencies will have to measure new indicators and organize differently to measure them. Social implications – Voters may be eager to embrace principles and goals, though they fail to find excitement in the more tedious issues of measurement. It is incumbent on us to pay more attention to measurement, to resist governments’ and lobbyists’ efforts to introduce special-interest bias into public statistics, and to carry the story to the public of the importance of measurement. Much of the policy change that is now needed is needed because of past and current harmful human behaviors. Nicholas Sarkozy (Press 2011) concisely stated the rationale for this paper: “We will not change our behavior unless we change the ways we measure”. Originality/value – This concept paper goes beyond other indexes and proposals to identify new phenomena that must be measured. In contrast to other works which are oriented to measurement-push (toward policy), the present paper makes bold assertions about the trends needing to be addressed by policy, then proposes measurement based on policy-pull. It argues against premature worldwide statistical standards, and for Popperian “multiple engineering experiments”.The USA must “get back into the future business” – President Bill Clinton, at the Milken Institute Global Conference 2012.


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