• Journal of Distribution Science
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• v.14 no.12
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• pp.79-87
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• 2016

Purpose - Since 1990, the sudden stop in capital flows has caused the economic crisis. The purpose of this research is to suggest the policy measures to mitigate the risk of the sudden stop in capital flows. To this end, we examine the theoretical framework and analyze the case study for countries which are faced with the sudden stop. Also we examine the structural problems of the foreign exchange market in Korea and derive the policy implications to prevent the sudden stop. Research design, data, and methodology - The criteria of whether the sudden stop in capital flows occurs are based upon Calvo et al. (2008). In case the proxy variable for the balance of capital account decreases from the average by over twice standard deviation, we determine that the sudden stop occurs for that country. The sample period is from January 1990 to December 2008, as in Calvo (2014). The sample countries are 17 developed countries and 19 emerging market countries, which are different from those of the previous papers as Agosin and Huaita (2012), and Calvo (2014). When the exchange market pressure index(EMPI) is deviated from the average by over three times standard deviation, we determine that the foreign exchange market is unstable for that country. Results - We find that the characteristics of the sudden stop in capital flows are the bunching or contagion among countries, the rapid drop in real effective exchange rate, and the huge decrease in foreign exchange reserves. Many countries tried to increase foreign exchange reserves and regulate capital flows. Also the foreign exchange market in Korea are found to be the volatile exchange rate, the vulnerable external debt and careless management of the foreign exchange derivatives transaction risk. Conclusions - To lessen the risk in the sudden stop of capital flows, this research suggests the some useful policy measures. To enhance the foreign exchange and distribution market stability, we should improve the price mechanism of exchange rate, hold the appropriate level of foreign exchange reserves, prevent excessive inflows of foreign exchange and promote sound transactions of foreign exchange derivatives.

• Journal of Distribution Research
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• v.16 no.5
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• pp.85-101
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• 2011

Just as traditional markets nationwide, traditional markets in Jeju area also face a crisis due to expansion of new distribution channel and price competitiveness of large distribution companies. There are various support programs currently being carried out to prevent all risk factors of the traditional markets as government policies. But, these programs have failed to bring a positive change due to lack of specialized products of the traditional market, lack of systematic marketing and customer management, lack of market vendors' consciousness reformation. The purpose of this study is to prepare political measures to promote the revitalization of traditional markets in Jeju area and overcome these limits. To achieve this, this study analyzed the conditions of traditional markets in Jeju area and presented the specialization of items and service for each traditional market, establishment of growth strategies in connection with tourist industry and reinforcement of marketing competitiveness as measures to create a synergy effect.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.23 no.6
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• pp.414-421
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• 2011

In determination of the crest height of a vertical structure against attacking of obliquely incident waves, most of existing studies have suggested to use the overtopping reduction factor due to incident angles. However, they have not considered the amplification of wave heights and the spatial distribution of wave overtopping. In this study, a spatial distribution of overtopping due to the amplification of wave heights along a vertical structure is investigated experimentally. It is recommended that the crest height can be determined by the same manner as that for normally incident waves up to 3 significant wave lengths from the one end of the structure. However, the rest part of the structure can be done by employing the overtopping reduction factor with considering the amplification of wave heights and the spatial distribution of wave overtopping.

• Applied Chemistry for Engineering
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• v.10 no.3
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• pp.456-460
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• 1999

The YHB radial distribution functions of a linear gas molecule CO were calculated by a computer within the Stockmayer molecular potential molel, which assumed thc CO molecule as a simple dipolar molecule. To examine the validity of the obtained YHB radial distribution of CO gas molecule, the density dependent pressures of CO at several temperatures were also calculated. The calculated pressures showed a good agreement with literially known experimental CO pressure data. The temperatures examined were 273, 298, and 373 K and the densities were up to $0.013/{\AA}^3$ (maximum pressure = 1000 atm). Since the calculated pressures showed a good agreement with the experimental values, the obtained YHB radial distribution functions of CO molecule seemed good enough to obtain and predict various equilibrium physical and chemical quantities of CO molecule sensitive to density such as pressure. It was also found that in CO gas system the dipole-dipole interaction is effective up to approximately 2.5 molecular diameter.

• Journal of fish pathology
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• v.11 no.1
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• pp.29-33
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• 1998

Distribution of a monogenean helminth Microcotyle sebastis on the gills of cultured Korean rockfish (Sebastes schlegeli) was investigated with regard to gill arches, sides of gill hemibranches (anterior or posterior), and their sections (dorsal, medial and ventral). M. sebastis has a significant preference for the second and third pair of gills, and shows marked affinity for anterior hemibranches of each gill branch, and medial sections of each gill hemibranch. The results suggest that the larger volume of water flows and surface area of the second and third pair of gills might affect the distribution of M. sebastis, and the concentrated distribution of M. sebastis on the anterior medial section of gills would be related with the increasing chances of mating by niche restriction.

• KDI Journal of Economic Policy
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• v.32 no.3
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• pp.71-99
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• 2010

The concept of CoVaR introduced by Adrian and Brunnermeier (2009) is a useful tool to measure the risk spillover effect. It can capture the risk contribution of each institution to overall systemic risk. While Adrian and Brunnermeier rely on the quantile regression method in the estimation of CoVaR, we propose a new estimation method using parametric distribution functions such as bivariate normal and $S_U$-normal distribution functions. Based on our estimates of CoVaR for Korean banking industry, we investigate the practical usefulness of CoVaR for a systemic risk measure, and compare the estimation performance of each model. Empirical results show that bank makes a positive contribution to system risk. We also find that quantile regression and normal distribution models tend to considerably underestimate the CoVaR (in absolute value) compared to $S_U$-normal distribution model, and this underestimation becomes serious when the crisis in a financial system is assumed.

• The Korean Journal of Applied Statistics
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• v.33 no.1
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• pp.11-23
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• 2020

Sampling design should provide statistics to meet a given accuracy while saving cost and time. However, a large number of non-responses are occurring due to the deterioration of survey circumstances, which significantly reduces the accuracy of the survey results. Non-responses occur for a variety of reasons. Chung and Shin (2017, 2019) and Min and Shin (2018) found that the accuracy of estimation is improved by removing the bias caused by non-response when the response rate is an exponential or linear function of variable of interests. For that case they assumed that the error of the super population model follows normal distribution. In this study, we proposed a non-response bias adjusted estimator in the case where the error of a super population model follows the gamma distribution or the log-normal distribution in a business survey. We confirmed the superiority of the proposed estimator through simulation studies.

• Journal of the Korean Recycled Construction Resources Institute
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• v.6 no.3
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• pp.153-159
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• 2018

Many researches have been carried out on carbonation, a representative deterioration in underground structure. The carbonation of RC (Reinforced Concrete) structure can cause steel corrosion through pH drop in concrete pore water. However extension of service life in RC structures can be obtained through simple surface protection. Unlike the conventional deterministic maintenance technique, probabilistic technique can consider a variation of service life but it deals with only normal distributions. In the work, life time-probability distributions considering not only normal but also log distributions are induced, and repair cost estimation technique is proposed based on the induced model. The proposed technique can evaluate the repair cost through probabilistic manner regardless of normal or log distribution from initial service life and extended service life with repair. When the extended service life through repair has log distribution, repair cost is effectively reduced. The more reasonable maintenance strategy can be set up though actual determination of life-probability distribution based on long term tests and field investigations.

• International Commerce and Information Review
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• v.14 no.2
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• pp.173-199
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• 2012

The purpose of the study is to test and analyze differences in consumers' satisfaction and influences of competitiveness of goods on consumers' purchase decision by demographic characteristics and by channel distribution. The hypotheses have been tested through T-test and ANOVA with one-way and two-way using SPSS Win Ver. 12.0. The distribution channels are classfied with five ones such as company direct operation shop, agent licensed shop, department store, internet home shopping and outlet goods shop. This study can indirectly suggest a local clothing brand industry countermeasures for raising competitiveness and changing consumer preferences in the open domestic market.

• Journal of the Institute of Electronics and Information Engineers
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• v.51 no.11
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• pp.146-154
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• 2014

The local binary pattern (LBP) scheme that is one of the texture classification methods normally uses the distribution of flat, edge and corner patterns. However, it cannot examine the edge direction and the pixel difference because it is a sort of binary pattern caused by thresholding. Furthermore, since it cannot consider the pixel distribution, it shows lower performance as the image size becomes larger. In order to solve this problem, we propose a sub-classification method using the edge direction distribution and eigen-matrix. The proposed sub-classification is applied to the particular texture patches which cannot be classified by LBP. First, we quantize the edge direction and compute its distribution. Second, we calculate the distribution of the largest value among eigenvalues derived from structure matrix. Simulation results show that the proposed method provides a higher classification performance of about 8 % than the existing method.