• ISSN: 2155-7950
  • Journal of Business and Economics

An Economic Analysis of Water Pump QR Code Printing Method Considering RCP 4.5 Climate Change Scenario

Sang Han Lee, Chae Soo Kim  
(Department of Smart Manufacturing Convergence System Engineering, Dong-A University, Busan, Republic of Korea)

Abstract: This shows a case study on economic analysis to determine the QR code marking method in pump product packaging process. In order to analyze the cost of the QR code marking for “in-store marking” and “source marking”, it is necessary to predict the production amount. We analyzed the past data regarding production amount and precipitation. We found correlation of them, and developed a prediction equation for production quantity by regression analysis. RCP climate change scenario has been utilized to estimate the future precipitation for 5 years since 2020. We clarified that “Source Marking” is superior to “In-store Marking” in the view of total cost for QR code marking system for water pump production.

Key words: economic analysis; QR code; RCP; Pump

         JEL codes: L600

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