We investigate how exchange-rate uncertainty affects the foreign direct Ž . investment decision of a risk-neutral multinational firm MNF . We assume the firm can open plants, each with decreasing average costs, in two different countries. Under certainty, the MNF would open only one plant. We demonstrate that with sufficient exchange-rate volatility, the firm can increase expected profits by opening several plants. We also show that if the MNF faces a competitor in the foreign market, the exchange risk, by inducing the MNF to open plants in both markets, may prevent entry by the local competitor.
In order to minimize the occurrence of large-scale accidents resulting from the transportation of hazardous materials (HAZMAT) on urban roadways, a system to monitor freight vehicle movements in real-time is being implemented. Although monitoring systems are in place, no prioritization strategy has been prepared for the selection of vehicles by the companies handling HAZMAT. Therefore, this study aims to analyze the factors affecting the level of transport management of HAZMAT handling business entities such as the freight, shipping, and vehicle characteristics, and suggests directions for effective policy enforcement of HAZMAT vehicle monitoring strategies. In this study, nation-wide survey data on the logistics status of HAZMAT handling business entities were collected, and the influence of such business entities according to their level of transport management was derived using an ordered logit model. Implications were obtained through statistical analysis of the transport management behavior of urban hazardous material handling business entities. In the future, it is necessary to study empirical methods for setting priorities based on the survey data of the entire population of HAZMAT transport vehicles.
In Korea, almost 700 industrial parks are under operation. Generally, industrial parks consist of national industrial parks and local industrial parks which are managed by a central government and by local governments respectively. The developing countries such as Korea, China and Vietnam etc. have constructed many industrial parks, which result in the change of land use pattern and also affect future trip demands. Therefore, in estimating traffic demands, it is very important to consider the industrial park development. This study aims to improve the methodology in estimating a freight trip generation rate with the data based on a nationwide commodity freight survey. The result showed that it is desirable to apply freight trip generation rate by the industry sector in estimating freight trip generations and using the production area of firm as an indicator. Specially, the reliability of the rates through a survey could be made sure because a sample rate based on firms in industrial parks was over 25% and the response rate was over 67%. The sample rate and response rate are very superior as compared to surveys conducted in many other countries. Because industrial parks have significant effects on forecasting transportation demand in pre-feasibility studies of transport and logistics projects, it is expected that the accuracy of freight trip demands would be improved through the results of this study.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.