Proceedings of ICLT 2012
OPTIMUM DESIGN OF SHUTTLE BUS ROUTES WITH SERVICE LEVEL RISKS
Porpan Vachajitpan
Logistics Management Faculty of Graduate Studies, Chulalongkorn University, Thailand
International Conference on Logistics & Transport 2012, Chiang Mai, Thailand, pp. 199-206
Download PDF | View interactive page
Abstract
Purpose: This paper investigates the relationship between logistics development and economic growth in Indonesia from the data of traffic volume and GDP growth rate from 1988 to 2010. Design/methodology/approach: The analysis of the dynamic relation will be performed by linear and logistic regression. Literature reviews have been conducted to find the most applicable statistical model. Survey data was collected, whereby data of cargo volume that travels through sea, air and rail is used as the logistics index, while GDP is used for the economic growth index. Findings: The outcome of the study shows that development of logistics plays an important role in supporting and sustaining economic growth. The linear equation model presents a good trend, while the logistic econometric model, using the upperbound value of Indonesian GDP in 2015, shows an even a better relationship. Research Impact: The logistic regression model is quite useful in analyzing Indonesia’s logistics contribution. Even though the model is developed in the context of Indonesia, the overall statistical analysis is generic and can be generalized to other developing economies. Originality/Value: Analyzing relationship of logistics infrastructure and economic growth that has been done in previous research in specific geographical region using various regression analysis of other statistical method can perhaps be built for understanding Indonesia’s economic situation. This paper will hopefully present a strong and interesting angle of the necessity to keep the stability of Indonesian economic growth rate and be in pursuit of continuously improving the logistics infrastructure.
Keywords
Logistics; GDP; Economic Growth; Regression Analysis
Citation
Porpan Vachajitpan (2012). OPTIMUM DESIGN OF SHUTTLE BUS ROUTES WITH SERVICE LEVEL RISKS. Proceedings of the International Conference on Logistics & Transport (ICLT 2012), Chiang Mai, Thailand, pp. 199-206.