• Title/Summary/Keyword: Make-to-stock

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Forecasting algorithm using an improved genetic algorithm based on backpropagation neural network model (개선된 유전자 역전파 신경망에 기반한 예측 알고리즘)

  • Yoon, YeoChang;Jo, Na Rae;Lee, Sung Duck
    • Journal of the Korean Data and Information Science Society
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    • v.28 no.6
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    • pp.1327-1336
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    • 2017
  • In this study, the problems in the short term stock market forecasting are analyzed and the feasibility of the ARIMA method and the backpropagation neural network is discussed. Neural network and genetic algorithm in short term stock forecasting is also examined. Since the backpropagation algorithm often falls into the local minima trap, we optimized the backpropagation neural network and established a genetic algorithm based on backpropagation neural network for forecasting model in order to achieve high forecasting accuracy. The experiments adopted the korea composite stock price index series to make prediction and provided corresponding error analysis. The results show that the genetic algorithm based on backpropagation neural network model proposed in this study has a significant improvement in stock price index series forecasting accuracy.

Study on Mechanical Parameters of a Wheelset Influencing Derailment of Rolling Stock (철도차량탈선에 영향을 미치는 윤축의 기계적 인자에 관한 연구)

  • Oh, Hyun Sun;Koo, Jeong Seo
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.37 no.10
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    • pp.1207-1218
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    • 2013
  • It is difficult to predict derailment with the existing derailment coefficient like Nadal's formula which is based on the contact forces between one wheel and rail. A new derailment coefficient model developed on a wheelset is able to make a better estimate about the climb derailment, slip derailment, roll over derailment, and mixed derailment types of these. Moreover, not only the mechanical factors considered in the existing derailment coefficients but also other various factors affecting derailment such as wheel unloading and loading, diameter of wheel, and locations of axle-box bearings can be covered with this new derailment coefficient model. That is, the derailment patterns which couldn't be solved with the existing formulas such as Nadal's and Weinstock's models can be analyzed with this wheelset derailment coefficient model because of considering various factors causing derailment. Finally, the validity of the new derailment coefficient model is verified using dynamic model simulations.

CERTAIN RADIALLY DILATED CONVOLUTION AND ITS APPLICATION

  • Rhee, Jung-Soo
    • Honam Mathematical Journal
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    • v.32 no.1
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    • pp.101-112
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    • 2010
  • Using some interesting convolution, we find kernels recovering the given function f. By a slight change of this convolution, we obtain an identity filter related to the Fourier series in the discrete time domain. We also introduce some techniques to decompose an impulse into several dilated pieces in the discrete domain. The detail examples deal with specific constructions of those decompositions. Also we obtain localized moving averages from a decomposition of an impulse to make hybrid Bollinger bands, that might give various strategies for stock traders.

Introduction of Friction Stir Welding and Its Application to Aluminum Rolling Stock (마찰교반용접의 현황 및 알루미늄 철도차량에의 적용)

  • Seo Sung-Il
    • Proceedings of the KSR Conference
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    • 2003.05a
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    • pp.616-621
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    • 2003
  • MIG or TIG welding has been the most popular welding process for joining aluminum alloy structures. However, porosity, hot crack and distortion were serious problems in inert gas fusion welding. Since FSW(Friction Stir Welding) was invented by TWI in 1991, it has been the powerful candidate for solving the problems of inert gas welding. In this paper, the principle and characteristics of FSW is introduced and its application to rolling stocks is presented to make basis for future development in production technology of aluminum rolling Stocks.

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A Study on the Improvement of the Employee Stock Ownership Plans (우리사주제의 개선에 대한 연구)

  • Kwon, Yong-man;Shin, Won-chul
    • Journal of Venture Innovation
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    • v.3 no.2
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    • pp.95-109
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    • 2020
  • The source of value-added creation in modern times has been transformed from material to man's value-added generating power, and ownership of the means of production has been converted from a particular landlord, capitalist to a person with value-added capacity, and a system of capital participation is needed beyond the profit-sharing system or performance incentive system in which workers of an enterprise participate in simple profits if they significantly increase the added value of the company. It is also necessary to introduce our private stock system as a means of addressing the problem of capital bias and for the stable development of capitalism. The purpose of Employee Stock Ownership Plans is to improve the economic and social status of workers and promote labor-management cooperation by allowing workers to acquire and hold shares of the stock company in which the employee ownership association is established through the employee ownership association, but the reality is that our stock ownership system has failed to achieve its purpose due to insufficient protection against the employee. In terms of welfare, the acquisition of our company shares should include active government support for the welfare of workers' ownership on a social welfare level rather than on the logic of the capital market, and in terms of investment, it would not be appropriate to apply the regulation for investor protection to see workers' acquisition of our company shares as 'investment' in the view of workers' willingness to own shares on the stock market. Therefore, as a way to support and deregulate employee's stock acquisition, 1. Expanding direct support, such as tax support, 2. As employee's stock ownership association is being discussed as a division's nature, it is less effective in terms of various management, not investment, and 3. Those who own stocks with 1% of the company's shares and 300 million won in face value will be classified as major shareholders. As a way to reduce the risk of management of our company owners and cooperative funds, As a measure to reduce the risk of management of our company owners and cooperative funds, only our employee shareholders' association shall manage the fund in a long-term deposit, and even though our employee's stock is managed by the association or company after the end of the deposit period, the management of each employee shall be allowed and In terms of improving the utilization of our company's stock and fund, 1. Employee's stockholders are prohibited from lending during the deposit period, but it is necessary to improve profitability by allowing them to borrow under strict restrictions, 2. It is necessary to make the use of the employee's welfare funds available for the preservation of losses, and to stipulate the redemption obligations of unlisted companies in order to improve the redemption system of our company.

The Impact of Industry-level Competition on the Excess Stock Returns due to Changes in Cash Holdings (산업 내 경쟁정도가 보유현금의 변화에 따른 초과수익률에 미치는 영향)

  • Cho, Jung Eun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.5
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    • pp.163-169
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    • 2019
  • This study examined whether industry-level competition affects excess stock returns because of changes in cash holdings. Competitive inter-company threats increase the possibility of the manager's replacement, and function to induce management to make their best efforts, resulting in the amount and quality of the information provided by the enterprise increasing. Therefore, as competition intensifies, agency problems are reduced and stock returns increase because the company's cash holdings are expected to increase. However, there is a view that firms in industries with severe competition tend to have high information asymmetry because competitors may compete in more favorable positions by using detailed information disclosed by the competing firms. Accordingly, as market competition intensifies, the excess stock returns resulting from increased cash holdings are expected to decline. These results show that excess stock returns because of increases in cash holdings increase as the degree of competition in the industry intensifies, thus supporting the positive effect of market competition. Overall, the results of this study provide an understanding that market competition plays an effective external governance mechanism and that investors positively evaluate the cash held by companies with severe industry competition.

A study on the CTP System development at manufacture based MTO and MTS (MTO와 MTS기반의 생산방식에서의 CTP 시스템 개발에 관한 연구)

  • 여성주;류석곤;왕지남
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2000.04a
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    • pp.534-537
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    • 2000
  • Recently, A manufacturing formula centered of the customer is one of the most important parts for the company competition. Especially, it is the matters of weight and importance that Make to Order(MTO) and Make to stock(MTS) is considered at the same time for designing manufacturing system based the order effectly. This paper suggests a alternative Available to promise(ATP) and capable to promise(CTP) to confirm the delivery time to customer, how to link mid-long term production plan with short term daily based scheduling, how to relate middle processes of device based industry to mid-long term plan through the example of S company in a manufacturing formula mixed MTO and MTS

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Application of ERP and MES in Case of Automobile Manufacturing Company (자동차부품 제조업체의 ERP 및 MES의 적용에 관한 사례 연구)

  • Kim, Ki-Dong;Choi, Jang-Ho;Kim, Dae-Young
    • Journal of Industrial Technology
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    • v.22 no.B
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    • pp.51-60
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    • 2002
  • Currently, many companies are trying to be more competitive by implementing the most appropriate software package called ERP (Enterprise Resource Planning). ERP can support the company's business process. A manufacturing execution system (MES) is an industrial software system, as well as a manufacturing management function in make-to-order and make-to-stock manufacturing environments. This paper presents an architecture of MES. This study develops MES to identify the functional requirements of loading & scheduling in the automobile industry. This study shows the effectiveness of the proposed MES, how to develop MES and interface with ERP package.

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Do Quality-Focused Retailer Brand Types Contribute to Building Store Loyalty in Korea?

  • Chung, Lak-Chae;Cho, Young-Sang
    • Journal of Distribution Science
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    • v.11 no.9
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    • pp.5-15
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    • 2013
  • Purpose - The research aim is to shed empirical light on whether quality-focused retailer brands such as Premium brand of Tesco Korea, Prime of Lotte Mart, and Best of E-Mart in the grocery market, make a contribution to developing store loyalty in the Korean market particularly. Research design, data, methodology - After developing sixconstructs, such as higher quality, stock availability, price levels, national brands, retailer brand attitudes, and store loyalty, the authors adopted exploratory factor analysis, confirmatory factor analysis, chi-square test and structural equation modelling as a research technique. Results - It was found that higher quality strongly influences the retailer brand attitude formation, and that retailer brand customers were sensitive to price levels. Buyers are, nevertheless, relatively less aware of price levels, when purchasing quality-oriented retailer brand types. Conclusions - The research implied that quality-oriented retailer brand types make a significant contribution to retailer brands attitude formation, and further, building store loyalty.

A Political-Economic Study on Cooperative Squid Fishing East to the $E128^{\circ}$ (동경 128도 이동 오징어 공조조업에 관한 정치경제학적 연구)

  • Park Seong-Kwae
    • The Journal of Fisheries Business Administration
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    • v.35 no.2
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    • pp.91-115
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    • 2004
  • The main purpose of this study is to analyze the cooperative squid fisheries problems surrounding the $E128^{\circ}$, established by the 1965 Korea - Japan Fisheries Agreement which banned Korean large trawlers' fishing east to the $E128^{\circ}$ In fact, the moratorium was put on by Japans request. However, such issue did not occur until the filefish stock in the southern Korean sea, which was a major target fish species of the large trawl fisheries, The filefish stock collapsed completely around 1991 and at the same time most of bottom fish stocks in the East China Sea began to show a symptom of over - exploitation. Thus, the off - shore large trawlers learned to have a little opportunity of finding out alternative fish stocks as well as fishing grounds. Fortunately, at that time squid resource stock and consumption were on the increasing trend. The large trawl fisheries were able to economically exploit squid stock east to the $E128^{\circ}$ through cooperative fishing with squid angling light boats in the East and East - South Sea, even though such cooperative fishing activities violate the existing fishery laws apparently. Some important reasons that the large trawlers have continued the cooperative fishing seem to be because (ⅰ) squid resource stock has been on the increasing state over time, (ⅱ) the trawl fisheries have made a significant contribution to meeting domestic and export demands and stabilizing squid prices, and (ⅲ) they have kept domestic squid market from foreign competition. However, the new Korea - Japan fisheries agreement in 1998 provided a momentum of questioning the effectiveness of the $E128^{\circ}$ by the squid - related fisheries other than the squid angling. Serious conflicts between squid - related fisheries began to emerge and to be much intensified. Squid angling industries in the East opposed to large trawlers's efforts to formalize such illegal cooperative squid fishing activities. Their main argument was that such formalizing would definitely make the East coast squid prices lower and in turn their business performance would be worse off. The results of quantitative analysis suggest that the trawlers' massive landing may have a significant influence on lowering the east coast squid prices. Now, an important issue that the squid - related fisheries and the government are facing is to solve such complex squid fishing problems through a multi - participatory negotiation process, including price stabilization, total allowable catch level and its operation schemes, $E128^{\circ}$ rearrangement, and so on.

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