• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.1
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• pp.220-227
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• 2014

This paper introduces and applies the World Bank's methodology for constructing composite index or aggregating indicators. After recalculating the world competitiveness index of IMD using Unobserved Component Model(UCM) we compare it with the existing index and try to find some implications. We also try to construct the composite index for measuring the performance of local finance. We employ the Principal Component Analysis(PCA) for validating the appropriateness of selected indicators used in making the composite index. We found that the UCM and PCA are very useful and will be used widely in various evaluations such as regional development, local finance, local competitiveness and public enterprise, etc.

• Applied Chemistry for Engineering
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• v.30 no.2
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• pp.167-177
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• 2019

The jadeite powder has a disadvantage affecting the stability of the formulation due to the agglomeration of the powder when applied to cosmetic formulations. To overcome this problem, a new composite powder was prepared by modifying the surface of jadeite powder and applied to foundation pact and sun stick. In this study, a triethoxycaprylylsilane among various surface modifiers was selected as an optimum component, and applied to each formulation by making the jadeite powder composite. As a result, the foundation pact maintained the clarity of the product color, and the sun stick gave about 30% higher UV blocking effect in the UVB area compared with that of the blank. In the user sensory evaluation, the formulation containing the jadeite powder composite showed a high score for the overall indicator. The stability evaluation of the formulation was also confirmed that it was stable against discoloration, detachment and hardness. In conclusion, the jadeite powder composite is stable as an inorganic pigment which is applicable to cosmetics as a multifunctional material while maintaining the color clarity of the product and acting as a booster for sunscreen agents.

• KOREAN JOURNAL OF PACKAGING SCIENCE & TECHNOLOGY
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• v.23 no.1
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• pp.37-45
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• 2017

To visually identify the spoilage of chicken breasts, a three layered freshness indicator consisting of PET/bromocresol green (BCG)-ethylene vinyl acetate (EVA)-acetic acid (AA) composite layer/porous substrates was successfully prepared and their performance were simulated at 20% of $CO_2$ and 4 different trimethylamine (TMA) concentrations to evaluate color change at minimal spoilage level. The visibility and range of color changes of the as-prepared indicators responding to TMA concentration as a simulant were strongly dependent on the concentrations of BCG and AA. As the BCG content increased, the visibility of color change in the freshness indicators was apparently improved and the range of color change could be controlled by contents of AA. Among the as-prepared freshness indicators, 'G0.12_A0.5' which consisting 0.12g of BCG and 0.5g of AA was selected as an optimum composition due to the highest visibility at TMA 20 mg% corresponding to the minimal spoilage level. The color of the indicator changed from yellow to green for spoilage indication of chicken breast, which could be easily seen with the naked eyes and well consistent with the simulation results. It is expected that our developed freshness indicator can be useful in monitoring various food freshness and quality.

• Journal of Distribution Science
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• v.17 no.1
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• pp.11-19
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• 2019

Purpose - We document the impact of economic policy uncertainty (EPU) in the US and China on the dynamic spillover effect of macroeconomics such as stock price, housing price in Korea. Research design, data, and methodology - We use the nine variables to analyze the effect which produces a result among the EPU indexes of the US and China on economic variables which is the consumer price index (CPI), housing purchase price composite index, housing lease price, the stock price index in banking industry, construction industry and distribution industry, and composite leading indicator from January 1995 to December 2016 with the Vector Error Correction Model. Result - The US EPU index has significantly a negative relation on the CPI, housing purchase price index, housing lease price index, the stock price index in banking industry, construction industry, and distribution industry in Korea. Conclusions - We find the dynamic effect of the EPU indexes in the US and China on the macroeconomics returns in Korea. This study has an empirical evidence that the economy market in Korea is influenced by the EPU index of the US rather than it of China. The higher EPU, the more risky the economy of in Korea.

• Journal of Distribution Science
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• v.14 no.3
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• pp.63-71
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• 2016

Purpose - A variety of indicators are used for the diagnosis of economic situation. However, most indicators explain the past economic situation because of the time difference between the measurement and announcement. This study aims to argue for the resurrection of an idea: electricity demand can be used as an indicator of economic activity. In addition, this study made an endeavor to develop a new Real Business Index(RBI) which could quickly represent the real economic condition based on the sales statistics of industrial and public electricity. Research design, data, and methodology - In this study monthly sales of industrial and public electricity from 2000 to 2015 was investigated to analyze the relationship between the economic condition and the amount of electricity consumption and to develop a new Real Business Index. To formulate the Index, this study followed next three steps. First, we decided the explanatory variables, period, and collected data. Second, after calculating the monthly changes for each variable, standardization and estimating the weighted value were conducted. Third, the computation of RBI finalized the development of empirical model. The principal component analysis was used to evaluate the weighted contribution ratio among 3 sectors and 17 data. Hodrick-Prescott filter analysis was used to verify the robustness of out model. Results - The empirical results are as follows. First, compatibility of the predictability between the new RBI and the existing monthly cycle of coincident composite index was extremely high. Second, two indexes had a high correlation of 0.7156. In addition, Hodrick-Prescott filter analysis demonstrated that two indexed also had accompany relationship. Third, when the changes of two indexes were compared, they were found that the times when the highest and the lowest point happened were similar, which suggested that it is possible to use the new RBI index as a complementing indicator in a sense that the RBI can explain the economic condition almost in real time. Conclusion - A new economic index which can explain the economic condition needs to be developed well and rapidly in a sense that it is useful to determine accurately the current economic condition to establish economic policy and corporate strategy. The salse of electricity has a close relationship with economic conditions because electricity is utilized as a main resource of industrial production. Furthermore, the result of the sales of electricity can be gathered almost in real time. This study applied the econometrics model to the statistics of the sales of industrial and public electricity. In conclusion, the new RBI index was highly related with the existing monthly economic indexes. In addition, the comparison between the RBI index and other indexes demonstrated that the direction of the economic change and the times when the highest and lowest points had happened were almost the same. Therefore, this RBI index can become the supplementary indicator of the official indicators published by Korean Bank or the statistics Korea.

• Journal of the Korean Society of Safety
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• v.6 no.4
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• pp.21-27
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• 1991

Acoustic Emission was monitored during tensile test and loading-holding-unloa-ding cycle test for two types (notched and unnotched) of CFRP specimens. AE activities showed that the fiber breakage during tensile tests depended upon the specimen geometry. We obtained new AE parameter such as the ration (damage ratio= AE events during unloading test / AE events during loading test) and the felicity ratio from which we investigated dynamic fracture process of CFRP specimens. The damage ratio of AE events was shown to be a good indicator to distinguish the generated fracture mechanism, such as fiber breakage and delamination. Also, ultrasonic testing results after loading-holding-unloading cycle test were good agreement with AE test results to detect defects or fiber breakage.

• Proceedings of the KACD Conference
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• 2003.11a
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• pp.604-604
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• 2003

I. Objectives Newly-designed method was evaluated to measure the linear polymerization shrinkage of light-cured resin composites. II. Materials and Methods A resin composite(Clearfil AP-X, Kuraray, Japan) was filled into a vinyl-polysiloxan mold(1 to 8mm-depth, and 7mm-diameter). As indicators, 4 beads(Retention Beads 2 SS, GC, Japan；particle size $200{\;}\mu\textrm{m}$) were placed diagonally on the resin surface of a mold. The coordinates (x, y, z, pasition) of each indicator were measrued by a measuring-microscope after which the resin surface was irradiated by a curing-light source(Optilux 500, Demetron/Kerr, USA) for 40 sec. After 20 sec the coordinates were again measured.(omitted)

• Journal of Korea Technology Innovation Society
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• v.17 no.1
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• pp.45-67
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• 2014

National Innovative Capability (NIC) is an important decisive factor where economic growth is concerned. As such, it is very important to measure and manage NIC. The composite index approach is one of the widely used approaches to measuring NIC, but there have been insufficient reviews of its feasibility and reliability. This paper conducted an analysis of the feasibility and reliability of the report on the last three years (i.e. 2011 through 2013) of the Innovation Union Scoreboard (IUS) of the EU, which is the most representative means of measuring NIC. It turned out that its reliability meets the recommended criteria as a result of Chronbach's alpha-based test of the models of IUS-related composite index. However, neither the absolute fit index nor the incremental fit index was found to meet the recommended criteria in a construct validity analysis. It also turned out that predictive validity is very low as a result of panel linear regression analysis of sectors and items of IUS-related composite index. This paper presents a number of considerations to be made when measuring national innovative capability using the composite index approach, as well as major policy suggestions based on the results of the analysis.

• Publications of The Korean Astronomical Society
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• v.27 no.4
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• pp.285-286
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• 2012

We combine data from two all-sky surveys, the Swift/Burst Alert Telescope 22 Month Source Catalog and the AKARI Point Source Catalogue, in order to study the connection between the hard X-ray (> 10 keV) and infrared (IR) properties of local active galactic nuclei (AGN). We find two photometric diagnostics are useful for source classification: one is the X-ray luminosity vs. IR color diagram, in which type 1 radio-loud AGN are well isolated from other AGN. The second one uses the X-ray vs. IR color-color diagram as a redshift-independent indicator for identifying Compton-thick (CT) AGN. Importantly, CT AGN and starburst galaxies in composite systems can also be separated in this plane based upon their hard X-ray fluxes and dust temperatures. This diagram may be useful as a new indicator to classify objects in new surveys such as with WISE and NuSTAR.

• International Commerce and Information Review
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• v.16 no.4
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• pp.363-384
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• 2014

The adequate measurement of government expenditure efficiency for Energy Technology Development is a difficult empirical issue and the literature on it, particularly when it comes to aggregate and international data. Contribution in this study is threefold: first this study analyze the adequate measurement of government expenditure efficiency on Energy Technology sector of 24 OECD countries and korea. Second this study reconstruct efficiency composite indicators, named "Energy Technology Development Interest level indicator". Third this study assesses the efficiency of government expenditure for Energy Technology Development. The results can be summarized as follow: Korea's government expenditure efficiency for Energy Technology Development is highly ranked among 25 OECD countries based on Energy Technology Development R&D Budgets and Energy Technology Development R&D Budgets per thousand units of GDP indicators. However, Korea's ranking has fallen to 20th. The assessment suggests that government will be have to provide more government expenditure to enhance the efficiency on Energy.