• Journal of Intelligence and Information Systems
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• v.15 no.4
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• pp.79-98
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• 2009

Web traffic is becoming an important indicator to make inferences about internet companies' future prospects so that traditional firm valuation methods need to be modified to integrate the ideas of web traffic information as a major asset of internet companies. It is because web traffic is a measure of attracting visitors to firm's web site and is the basis for internet companies' marketing expenditure and customer acquisition and retention. Also the web traffic represents the internet companies' technological advances and marketability. The major purpose of this study is to show the relevance of web traffic for valuation of internet companies. For this, we test hypothesis with the firm's web traffic and financial data using the analysis model of Hand(2000a) derived from the log-linear model introduced by Ye and Finn(1999). Test results show that the web traffic, more specifically the number of unique visitors, visits, and page views are all positively related to the firm's value. This implies that the web traffic information should be considered as one of the important non-financial indicator for the internet firm valuation.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.38 no.3
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• pp.184-195
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• 2005

A preliminary quantitative model of the trophic structure in Gwangyang bay, Korea was obtained using ECOPATH and data from relevant studies to date in the region. The model integrates and analyzes biomass, food spectrum, trophic interactions and the key trophic pathways of the system. The bay model comprises 9 groups of benthic primary producer, phytoplankton, zooplankton, benthos, bivalve, pelagic fish, demersal fish and piscivorous fish. The total system throughput was estimated at $2.4\;kgWW/m^2/yr$, including a consumption of $41\%$, exports of $9\%$, respiratory flows of $24\%$ and flows into detritus of $26\%$. All of which originate from primary producers measured at $52\%$ and detritus of $48\%$. The total biomass was seen to be high compared to the levels of Somme, Delaware, Chesapeake Bays and Seine Estuary. This seems to be possibly due to artificial bivalve aquaculture and overestimation of benthos and benthic primary producer groups. The deviation can be calibrated by neglecting aquaculture and decreasing the habitat area for the groups. The trophic network of the bay shows a low level of recycling and organization as indicated by Finn's cycling index $3.3\%$, Ascendancy $3.1\;kgC/m^2/yr$ bits, Capacity $5.1\;kgC/m^2/yr$ bits and Redundancy $2.2\;kgC/m^2/yr$ bits. A high relative ascendancy of $62\%$ and a low internal relative ascendancy of $18\%$ indicate the system is not fully organized and stable towards disturbances, depending upon external connections. Although the model should be continuously provided with field data and calibrated further in depth, this study is the first trophic model applied to the region. The model can be a useful tool to understand the ecosystem in a quantitative manner.

• Journal of Mechanical Science and Technology
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• v.16 no.1
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• pp.109-115
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• 2002

Vortex generators are fabricated on the fin surface of a fin-tube heat exchanger to augment the convective heat transfer. In addition to horseshoe vortices formed naturally around the tube of the fin-tube heat exchanger, longitudinal vortices are artificially created on the fin surface by vortex generators. The purpose of this study is to investigate the local heat transfer phenomena in the fin-tube heat exchangers with and without vortex generators, and to evaluate the effect of vortices on the heat transfer enhancement. Naphthalene sublimation technique is employed to measure local mass transfer coefficients, then analogy equation between heat and mass transfer is used to calculate heat transfer coefficients. Experiments are performed for the model of fin -circular tube heat exchangers with and without vortex generators, and of fin-flat tube heat exchangers with and without vortex generators. Average heat transfer coefficients of finn-flat tube heat exchanger without vertex generator are much lower than those of fin-circular tube heat exchanger. On the other hand, fin-flat tube heat exchanger with vortex generators has much higher heat transfer value than conventional fin-circular tube heat exchanger At the same time, pressure losses for four types of heat exchanger is measured and compared.

• Geomechanics and Engineering
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• v.23 no.4
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• pp.365-379
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• 2020

One of the leading causes for the damage of various underground structures during an earthquake is soil liquefaction, and among this liquefaction-induced uplift of these structures is a major concern. In this study, finite-difference modelling is carried out to study the liquefaction-induced uplift of an underground structure of 5 m diameter (D) with and without the replacement of the in-situ fine sand around the structure with the coarse sand. Soil replacements are carried out by three methods: replacement of soil above the structure, around the structure, and below the structure. The soil behaviour is represented using the elastic-perfectly plastic Mohr-Coulomb model, where the pore pressures were computed using Finn-Byrne formulation. The predicted pore pressure and uplift of the structure due to sinusoidal input motion were validated with the centrifuge tests reported in the literature. Based on numerical studies, an empirical equation is developed for the determination of liquefaction-induced maximum uplift of the underground structure without replacement of the in-situ sand. It is found that the replacement of soil around the structure with 2D width and spacing of D can reduce the maximum uplift by 50%.

• Korean Business Review
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• v.14
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• pp.63-76
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• 2001

The purchase of business services is a growing activity among finns but with little appreciation that the purchase of a service requires a modification of the decision process developed for the purchase of material goods. A taxonomy for purchasing business services is developed to create a matrix with company involvement and focus of service as dimensions. Business services are classified according to their focus on three aspects of the finn: property, people, and core business. Business services are also classified according to the degree of company involvement: high company involvement and low company involvement. A number of propositions are formulated based on insights derived from this taxonomy. The taxonomy results in six business service cells: facility support, equipment support, employee support, employee development, core business facilitator, and professional. Implications for managers considering a purchase in each category are explored. This study tests the research hypotheses delineated from the classification model and the purchasing process of business services. The strategic implications are suggested based on the findings for each cell of the classification model. This study concludes with a research agenda for further studies.

• Journal of Korea Technology Innovation Society
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• v.9 no.4
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• pp.812-841
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• 2006

Previous studies have shown that the ex-ante financial ratios, mainly used by financial institutions for loan evaluation purpose, are related to the ex-post finn's performance of venture firm's. The main objective of this study is to examine whether non-financial variables such as 'technology', 'marketability', and 'other business indexes' have extra explanatory power in forecasting the ex-post firm's performance of small and medium size venture firm's in Korea. The implications and results of this study are expected to be useful in loan evaluation, investment decision and internal management decisions of venture firms. Among small and medium sized manufacturing firms funded in the year of 1999 through 2005, 416 firms are selected for our analysis. The relationship between evaluation indexes and firm's success/failure is investigated using binary logistic regression analysis and factor analysis with an aid of SPSS program. The summarized results are as follows. First, current evaluation model, used for loan evaluation purpose for small and medium size manufacturing firms show the same discriminatory power as previous prediction model. Second, among the tested additional variables, significant indices are 'technological capability of CEO', 'managerial capability of CEO', and 'business feasibility'. Third, while previous studies on evaluation structure had 3 factors, this study showed that valuation's structure has 6 factors.