• The Journal of Asian Finance, Economics and Business
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• 제6권4호
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• pp.9-17
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• 2019

The purpose of this research is to review historical development of Islamic finance in individual East Asian economies, including China, Japan, South Korea and Hong Kong, and examine the success factors of the Hong Kong Sukuk issuances in 2014-2017. The research is a qualitative study applying case study method. It is found that the East Asian economies do play efforts to develop their Islamic capital markets although they have very limited size of Muslim population. Their progress on this development generally remains to be slow. The Hong Kong Sukuk is a breakthrough, carrying a total issuance value of US$3 billion. The Sukuk issuances, treated as a kind of asset-backed securities with restrictions on financing purposes, are distributed to international investors by investment banks from Hong Kong, Middle East and Malaysia. Success factors of these issuances include involvement of an issuer with high credit quality, recognition by central bank for using the Sukuk in its discount facility for commercial banks, centralized clearing services for the Sukuk and global banking network for underwriting the Sukuk. The lessons from the Hong Kong Sukuk are good references for other economies to develop their regional Islamic capital markets and to integrate the markets into the global capital market.

• International Journal of Advanced Culture Technology
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• 제8권3호
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• pp.1-9
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• 2020

According to the 2012 social blue book released by the Chinese Academy of Social Sciences, China's urban population reached 50% in 2011. With the migration from marriage and new household registration, many urban collective assets have been formed in cities. Due to the unclear property rights and the emptiness of the main body, the distribution of collective assets mostly depends on the village cadres. The central government is preparing relevant laws and regulations to fill this legal gap, while the scheme of restructuring is decided by the villagers' vote, the local government coordinate the land acquisition and management. With the process of urbanization, a large number of second-generation of demolition studied abroad, which has attracted worldwide attention. In addition to the huge amount of compensation, due to the continuous rising of the land price, the value of the collective property and enterprises on the land also keep rising, the management agency of these assets is named village economic cooperative. This paper seeks to analyze the current status and future direction of these wealthy organizations, propose solutions to some existing problems.

• Journal of Positioning, Navigation, and Timing
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• 제7권3호
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• pp.183-188
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• 2018

The Global Navigation Satellite System (GNSS) signal gets delayed as it goes through the troposphere before reaching the GNSS antenna. Various tropospheric models are being used to correct the tropospheric delay. In this study, we compared effectiveness of two popular troposphere correction models: Global Pressure and Temperature (GPT) and Satellite-Based Augmentation System (SBAS). One-year data from a particular site was chosen as the test case. Tropospheric delays were computed using the GPT and SBAS models and compared with the International GNSS Service tropospheric product. The bias of SBAS model computations was 3.4 cm, which is four times lower than that of the GPT model. The cause of higher biases observed in the GPT model is the fact that one cannot get wet delays from the model. If SBAS-based wet delays are added to the hydrostatic delays computed using the GPT model, then the accuracy is similar to that of the full SBAS model. From this study, one can conclude that it is better to use the SBAS model than to use the GPT model in the standard code-pseudorange data processing.

• Wind and Structures
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• 제25권2호
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• pp.177-193
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• 2017

The accelerated development of new materials, technologies and construction processes, in parallel with advances in computational algorithms and ever growing computational power, is leading to more daring and innovative architectural and structural designs. The search for non-regular building shapes and slender structures, as alternative to the traditional architectural forms that have been prevailing in the building sector, poses important engineering challenges in the assessment of the strength and mechanical stability of non-conventional structures and systems, namely against highly variable actions as wind and seismic forces. In case of complex structures, laboratory experiments are a widely used methodology for strength assessment and loading characterization. Nevertheless, powerful numerical tools providing reliable results are also available today and able to compete with the experimental approach. In this paper the wind action on a free-form complex thin shell is investigated through 3D-CFD simulation in terms of the pressure coefficients and global forces generated. All the modelling aspects and calibrating process are described. The results obtained showed that the CFD technique is effective in the study of the wind effects on complex-shaped structures.

• Journal of the Korean Operations Research and Management Science Society
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• 제41권1호
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• pp.55-69
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• 2016

In response to drastic environmental changes, companies have been continuously rebalancing their resources and capabilities to sustain their competitive status or to survive difficult times. The aim of this study is to analyze the effect of sudden environmental changes on the competitive status of a firm and to identify the internal factors that differentiate sustainer and non-sustainer groups. To achieve this goal, we selected 85 representative IT and non-IT companies from the S&P 500 companies and investigated them with respect to the change in their five-year competitive status since the 2008 global financial crisis. As a concrete performance measure, the concept of perceived competitive status (PCS) was introduced, and four distinct PCS categories were identified by using the stock price changes during the selected period. The four distinct PCS categories are "sustaining," "drifting," "deep sunken," and "bouncing back." Discriminant analysis was performed on these four distinct PCS categories. The empirical study conducted showed that revenue and cost efficiency are the most discriminating factors, especially in the economic recovery period. In particular, stronger financial liquidity was observed in high-performing "bouncing back" companies than in the other category companies.

• Journal of Fashion Business
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• 제17권6호
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• pp.60-75
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• 2013

This study examined the categories and contents of technology that is recently influencing the fashion design. For this, the cases of global companies integrating fashion design and technology were examined, and the types of technology integration studies within the field of fashion design were analyzed through the trend of fashion-technology integration in domestic academic circles released since 2000. According to the case of global companies integrating fashion design and technology, various companies and fashion brands have released fashion products that are integrated with technology, and such integrations are developing up to the field of fashion shows and displays in addition to fashion products. The analysis of studies related with fashion and technology in the design field showed that domestic studies on fashion-technology integration were manifested as the types that applied various technologies to the fashion design. Such types were categorized into the studies that applied light-emitting technology, studies that focused on the integration of interaction and textile design, studies that applied response-perception, studies that used attached electronic devices, and studies that used autogenic bacteria. The fashion has less negative impact on body and environment compared with other areas, and therefore, is the best area for the experiments in IT, bio, and electronics areas and for the integration of fashion and technology. Moreover, studies on fashion that suggest the capability in developing and industrializing cases through the collaboration with other fields such as IT, bio, and electronics shall continue.

• The Research Journal of the Costume Culture
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• 제8권1호
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• pp.15-29
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• 2000

Nowadays every part no company continues to gain the upper hand of a competitive superiority. Strategic Alliances between companies have been rapidly increased to preoccupy a market. The purpose of this study is to find devices of strategic alliances for the competitive distribution environment of Korean fashion industries. This reseach has been done by the literature review of the related articles, books, and the case studies in domestic markets as well as foreign ones. Strategic alliances are business relationships established by tow or more companies which cooperate out of mutual need and share risk in achieving a common objective. Today the purpose of international strategic alliances is to be competitive in global markets by meeting of exceeding new standards for products and technology use. Various types of alliances are occurred and this situation will be more common and generalized since one parter's weakness is offset by the other's strength. Strategic alliances are characterized by being horizontal, collaborative, and mutually beneficial to all parties. When used in good faith, the strengths gained in a strategic alliance are great. Therefore retailer should find that to gain faithful partners is important and should effort positively to enrich alliances based on a mutual belief. Finally, to become a company for leading the global market, it is necessary that we operate strategic alliances mixed foreign investments and domestic technology with local distributions.

• Journal of Ocean Engineering and Technology
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• 제29권6호
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• pp.411-417
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• 2015

The shipping and shipbuilding industries have had business difficulties since the implementation of regulations on the CO₂ emissions from ships by IMO and the occurrence of the global financial crisis in 2008. Under this global recession, most shipping firms have started to operate their fleets at slow steaming rates with the goal of improving the profit ratio per transported unit. This study analyzed the resistance performance of a 6,800 TEU container ship corresponding to its trim variation with slow steaming, compared with that at its original design speed. Two different grid systems were used for the numerical calculation, one that considered the free surface allowing the capture of the dynamic trim and one that did not. This made it possible to clearly classify each resistance component to provide useful information to hull-form designers. In addition, a form factor assumption method using CFD was used for a reasonable effective power prediction in compliance with the 1978 ITTC performance prediction method. It was found that the total resistance of a 6,800 TEU container ship was reduced by 2.6% in the case of a 1-m trim at the bow at 18 kn.

• International Journal of Costume and Fashion
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• 제14권1호
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• pp.75-93
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• 2014

Facing a mature domestic market and the challenges of the global consumer market, retailers in Taiwan are in pursuit of international development strategies for increasing its market opportunities as one of its key growth strategies. In the global market, the Chinese market becomes Taiwan retailers' main international development milestone due to its similarity of language, culture and historical background with China. Therefore, this research uses case study method based on Eclectic paradigm (Dunning 1981) to explore the various advantages of a Taiwanese children's clothing retailer Les Enphants, which include ownership advantage, internalization advantage, and location advantage. These advantages in turn demonstrate rationales behind Les Enphants' internationalization necessity (Why to Go), selecting China as an expansion target (Where to Go), and management and operation strategies implemented in China (How to Go). Our study highlights a successful entry and expansion model of the Taiwanese children clothing retailer, and may have solid contribution to the practical application of internationalization strategy theory.

• International Commerce and Information Review
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• 제8권1호
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• pp.371-398
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• 2006

Gold prices are rising around the world in all major currencies. This is a telltale sign of a Stage Two gold bull where gold decouples from the US dollar. In this study, We analysed a confluence of factors seem to be feeding gold's gains and the typical shape of a secular gold bull---gold bulls' three stages. Stages one, two, and three of a secular gold bull are defined by the major changes. Each stage, considered in turn, makes perfect sense when described in terms of global investor demand. Since Stage One is currency-devaluation driven, the young gold bull is most noticeable in terms of the dominant eroding currency. Now after three or four years of stage one, Stage Two arrives. Stage Two marks a momentous event when gold decouples from the local-currency devaluation. In the case of our gold bull today, Stage Two will be here when gold starts consistently rising faster than the dollar is able to fall. After five or so years of Stage Two gains, gold has a chance at going ballistic in stage three. Stage Three is only ignited if the general public around the world starts growing enamored with gold investing. In summary, the first stage being when insiders and professionals invest in the market. The second stage is when the general public and financial media recognizes that the bull market is real. The third stage is the mania stage when people feel that not only is the bull market real, but it is a must own situation. Through the study we found that gold is entering it now.