• Journal of Digital Convergence
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• v.14 no.6
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• pp.157-165
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• 2016

The purpose of this study was to analyze the effect of the shipping industry real economy index on the stock prices of domestic shipping companies. The parameters used in this analysis were the stock price of H Company in South Korea and shipping industry real economy indices including BDI, CCFI and HRCI. The period analysis was from 2012 to 2015. The weekly data for four years of the stock price index of shipping companies, BDI, CCFI, and HRCI were used. The effects of CCFI and HRCI on the stock price index of domestic shipping companies were analyzed using the VAR model, and the effects of BDI on the stock price index of domestic shipping companies were analyzed using the VECM model. The VAR model analysis results showed that CCFI and HRCI had negative effects on the stock price index, and the VECM model analysis results showed that BDI also had a negative effect on the stock price index.

• Journal of Digital Convergence
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• v.12 no.11
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• pp.99-112
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• 2014

This study the impact on the real earnings management credit rating (RANK), and looked at the impact on the real earnings management grade credit rating changes (decrease, increase) the effects in detail. firm for a total of 06 years for firm that are listed on the Korea Stock Exchange from 2008 to 2013 for the hypothesis - using the proceeds of the year 2,583 sample were analyzed to study. A regression analysis of the relevance of the credit rating (RANK) and real earnings measured results between the credit rating and a measure of real earnings management ACFO and ADE (+) between AMC (-) IFRS and receive relevant ADE between(+) between AMC (-) if the credit rating (RANK) is increased ACFO and is significantly sound level at 1% showed the relevance of (+) did not significantly ADE (+) 10% of AMC if the credit rating fell ACFO is (-) from AMC show the relevance of positive credit rating is dropped capital letter showed for performing real earnings management of positive even give up the future cash flow in order to reduce the cost.

• Journal of Digital Convergence
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• v.14 no.11
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• pp.257-265
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• 2016

The purpose of this study was to develop a strainer that could protect a flow system by blocking the introduction of foreign substances into the pipe of industrial or architectural facilities. Strainers are installed at the front tip of valves, machines, or pumps in the piping line of clean water, oil, or gas. There are Y-type, U-type, and T-type strainers. The study identified problems with the Y-type strainers, develop a "C-type strainer with its inlet and outlet on a straight line" as a more improved new model, and compared them in functions in a full-scale strainer test. The study conducted a full-scale strainer test according to four situations at the flow laboratory of Korea Research Institute of Standards and Science by using the old Y-type strainer and C-type strainer 50A. The test results show that the C-type strainer had a higher capacity coefficient(Kv) than the Y-type one, recording 74.9% when there was no screen, 54.5% when there were no foreign substances in the screen, 54.2% when there was a 15% accumulation of foreign substances, and 52.4% when there was a 30% accumulation of foreign substances. The investigator conducted a test only with the 50A type due to the limitations of life-size strainers, but the results demonstrate that the C-type strainer had better flow characteristics than the Y-type one.

• Fire Science and Engineering
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• v.23 no.5
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• pp.57-65
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• 2009

This study was intended to conduct a Real-scale fire test to predict the fire behavior by unit space at the apartment building where a huge casualties and injuries are likely. After setting the inflammables inside the house, the test aimed to identify the fire characteristics to each unit item was carried out. The house was divided into 4 unit space such as kitchen, living room, bedroom and a study for a real scale fire test. As a result, bedroom reached to flashover state in 5minutes after setting the fire, indicating a rapid fire growth such as 7433.3kW of maximum thermal emissivity, 578.6ppm of carbon monoxide, 1.25ppm of carbon dioxide and $1,350^{\circ}C$ of maximum indoor temperature. Particularly, the fire growth was made up to critical temperature which might cause a severe damage to the people within 3minutes, if the fire were not extinguished at inflammable space at the early stage of fire, which stressed the need of early response. The result of a real scale fire test could be compared with the outcome of expanded simulation test and used in predicting the fire spread at the space for different use.

• Korean Journal of Construction Engineering and Management
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• v.10 no.5
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• pp.135-147
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• 2009

The world has witnessed the dramatic expansion of international construction markets during the last decades, particularly around the developing economies and energy resource-rich countries. However, despite the booming markets, the risks of emerging regions have also increased under the rapidly changing environments confronting the global contractors. Most of all, success in overseas business mainly depends on selecting the right market to enter. Accordingly, the right market selection requires global firms to carefully carry out the scientific market entry decision by evaluating country risks, market prospects, firm's capability, level of competition, and among others. This study aims at developing a market entry model by the use of real option analysis (ROA) and scenario planning, which addresses the corporate strategic flexibility against the uncertainties encompassing the overseas construction markets. Based on the suggested approach, global contractors are expected to make a better decision rather than a typically static approach in pursuing, postponing, or abandoning a prospective market to their capacity with a concurrent consideration of uncertainties as well as its option value.

• International Area Studies Review
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• v.20 no.2
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• pp.3-23
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• 2016

In this study, we used actual proof analysis, based on SVAR model according to economy theory, to observe the impact of actual and financial market of Korea, Japan, and China that have adopted quantitative easing export based strategy of growth, an unconventional monetary policy of the U.S. As a result of estimation, it appears that real effective exchange rate rise shock of Korea, Japan, and China against U.S. dollar has a negative influence on current account and index of industrial product, which are real economy. It can be implied that the result is driven from the fact that strong home currency of Korea, Japan, and China decreases price competitiveness of exports, causing negative influence on real economy. The real effective exchange rate shock against U.S. dollar appeared to decrease national bond rate of Korea and Japan, while increasing that of China. In instances of Korea and Japan, it is implied that national bond rate decreases as foreigner investment funds flow in, considering foreign-exchange profit through advanced financial market with high opening extent. On the other hand, because there are strong regulation on opening extent of Chinese financial markets, the influence seems to be greater for domestic policy, rather than a foreign influence. Lastly, Korea showed a more dramatic variable reaction to exchange rate shock compared to Japan or China. It is implied from the result that Korea is relatively more susceptible and fragile in regards of international status of economic size and currency.

• Information Systems Review
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• v.20 no.4
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• pp.43-57
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• 2018

We propose network effects upon the investment decision of cloud-based ERP. Using the survey data collected from 82 companies in 2015, we examine whether IT managers have an intention to adopt real options in order to manage the risk of cloud-based ERP investments and how the network effects influence upon the intention to adopt real options. Based on prior literature, we propose a research model with 4 hypotheses. We find partial support of the hypotheses from the empirical analysis: technological risks has a positive impact upon the adoption of real options such as defer, contract, and abandon. In contrast, we find no significant impact of security risks upon real options. We validate positive network effects upon the adoption of real options such as defer, contract, and abandon. This work empirically find that IT managers in Korean middle and small sized firms have an intention to adopt real options when the managers realize economic, technological, and relationship risks and when they expect network effects.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2009.10a
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• pp.223-224
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• 2009

• Proceedings of the Korean Aquaculture Society Conference
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• 2006.05a
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• pp.49-50
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• 2006

• Proceedings of the Korean Information Science Society Conference
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• 1999.10b
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• pp.653-655
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• 1999

본 논문은 현실세계를 가능하면 사실적으로 표현하고 색감이나 형체를 실물처럼 느낄 수 있게 애니메이션화 했다. 그 대상은 사이버화석박물관, 패류박물관으로 했으며, VRML로 구성하고 20~40프레임의 2차원 정보를 연속적으로 연동시켜 현실감있게 구현하였다.