• International Journal of Automotive Technology
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• v.6 no.4
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• pp.413-419
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• 2005

The United States automotive recycling infrastructure has successfully reduced the amount of automotive waste sent to landfills, especially since the introduction of shredders in the late 1950s. Shredders are necessary to process and recycle automotive hulks and other durable goods. However, this industry faces significant challenges as the automotive manufacturers are increasing the use of nonmetallic components which are difficult to recycle. Additionally, it is becoming obvious that automobiles contain hazardous materials which place heavy burdens on the environment. To address this growing concern, we propose a process planning model for automotive shredders to make tactical decisions regarding at what level to process and at what level to reprocess feed stock materials. The purpose of this paper is to test analytical models to help shredders improve the profitability and efficiency of the bulk recycling processes for end of life automobile returns. The work is motivated by an actual recycling problem that was observed at Capitol City Metals shredding facility in Indianapolis, Indiana.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.1366-1372
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• 2011

Life cycle of the rolling stock is normally 20 to 40 years, though there is some difference in accordance with each vehicle. Maintenance cost is over the twice of purchasing price. and also it is true that precise statics is not managed properly except for some developed countries due to the difference of maintenance method, skills. After KORAIL introduced ERP system in 2007, maintenance cost is managed by type of cars, by unit. but, afterwards it should be controlled as an index and also more precisely. it is the best pending issues to make train maintenance efficiency, to utilize accumulated indexes. I want to attribute to train maintenance efficiency by analysing what is the problems in the present maintenance method.

• Journal of Korean Institute of Industrial Engineers
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• v.5 no.2
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• pp.9-14
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• 1979

Inventories of finished products exist in each stage of the channel between production and consumption. An inventory has several functions, which make it possible to produce by economic lot size and to elevate services for consumer by shortening delivery time, etc$\cdots$. Finished products may be inventoried in delivery-center as well as at the plant where production takes place. So, finshed products must be dealt with as multistage inventory problem, because an inventory functions differently according to its place. The purpose of this study is to determine how much to carry in stock and what stage to carry Though there may be several channels between production and consumption, this study deals with only one main channel, that is, series of ncomponents and determines the optimal inventory policy by introducing the concept of selling probabilities.

• Journal of the Korea Safety Management & Science
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• v.17 no.3
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• pp.81-88
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• 2015

Infrastructure such as tracks, catenary, rolling stock and signaling systems, and close interface with the human factors of train drivers, shunting staff and maintenance staff are required for train operations. Safety management is the most essential part for the functioning of a train. In line with the safety management, each rail operator has a safety guidance system and the Ministry of Land, Infrastructure and Transport operates Railway Safety Inspector system. Safety Inspector System is to train employees working in the field to be aware of rules and regulations, and to improve identified risk factors. Hence, it is necessary to establish systematic training and inspection methods for safety guidance staff and make clear the roles and responsibilities of safety inspectors according to the Occupational Safety and Health Act, and safety instructors for several inspections according to the Railroad Safety Act.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.20 no.42
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• pp.21-30
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• 1997

This research fundamentally deals with an analysis of service level for a multi-level inventory distribution system which is consisted of a central distribution center and several branches being supplied stocks from the distribution center, Under continuous review policy, the distribution center places an order for planned order quantity to an outside supplier, and the order quantity is received after a certain lead time. Also, each branch places an order for particular quantity to its distribution center, and receives the order quantity after a lead time. In most practical distribution environment, demands and lead times are generally not fixed or constant, but variable. And these variabilities make the analysis more complicated. Thus, the main objective of this research is to suggest a method to compute the service level at each depot, that is, the distribution center and each branch with variable demands and variable lead times. Further, the model will give an idea to keep the proper level of safety stocks that can attain effective or expected service level for each depot.

• Journal of the Korea Safety Management & Science
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• v.3 no.3
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• pp.65-75
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• 2001

This research fundamentally deals with an analysis of service level for a multi-level inventory distribution system which is consisted of a central distribution center and several branches being supplied stocks from the distribution center, Under continuous review policy, the distribution center places an order for planned order quantity to an outside supplier, and the order quantity is received after a certain lead time. Also, each branch places an order for particular quantity to its distribution center, and receives the order quantity after a lead time. In most practical distribution environment, demands and lead times are generally not fixed or constant, but variable. And these variabilities make the analysis more complicated. Thus, the main objective of this research is to suggest a method to compute the service level at each depot, that is, the distribution center and each branch with variable demands and variable lead times. Further, the model will give an idea to keep the proper level of safety stocks that can attain effective or expected service level for each depot.

• Proceedings of the Korea Technical Association of the Pulp and Paper Industry Conference
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• 2007.11a
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• pp.21-33
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• 2007

CPAM has been applied to the paper industry for the purpose of wet-end improvement for a long time. And molecular weight and charge density have been managed most important quality factors to make CPAM for this application. Recently branched CPAM was developed to improve retention and drainage characteristics and we considered branch degree of CPAM as important factor as molecular weight and charge density. In this experiment, we tried to investigate physical and chemical properties to determine branch degree and flocculation efficiency using Arbocell pulp which was recently developed micro size pulp and finally we applied retention and drainage test under the ONP stock condition.

• Journal of Intelligence and Information Systems
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• v.26 no.1
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• pp.119-133
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• 2020

Fama asserted that in an efficient market, we can't make a trading rule that consistently outperforms the average stock market returns. This study aims to suggest a machine learning algorithm to improve the trading performance of an intraday short volatility strategy applying asymmetric volatility spillover effect, and analyze its trading performance improvement. Generally stock market volatility has a negative relation with stock market return and the Korean stock market volatility is influenced by the US stock market volatility. This volatility spillover effect is asymmetric. The asymmetric volatility spillover effect refers to the phenomenon that the US stock market volatility up and down differently influence the next day's volatility of the Korean stock market. We collected the S&P 500 index, VIX, KOSPI 200 index, and V-KOSPI 200 from 2008 to 2018. We found the negative relation between the S&P 500 and VIX, and the KOSPI 200 and V-KOSPI 200. We also documented the strong volatility spillover effect from the VIX to the V-KOSPI 200. Interestingly, the asymmetric volatility spillover was also found. Whereas the VIX up is fully reflected in the opening volatility of the V-KOSPI 200, the VIX down influences partially in the opening volatility and its influence lasts to the Korean market close. If the stock market is efficient, there is no reason why there exists the asymmetric volatility spillover effect. It is a counter example of the efficient market hypothesis. To utilize this type of anomalous volatility spillover pattern, we analyzed the intraday volatility selling strategy. This strategy sells short the Korean volatility market in the morning after the US stock market volatility closes down and takes no position in the volatility market after the VIX closes up. It produced profit every year between 2008 and 2018 and the percent profitable is 68%. The trading performance showed the higher average annual return of 129% relative to the benchmark average annual return of 33%. The maximum draw down, MDD, is -41%, which is lower than that of benchmark -101%. The Sharpe ratio 0.32 of SVS strategy is much greater than the Sharpe ratio 0.08 of the Benchmark strategy. The Sharpe ratio simultaneously considers return and risk and is calculated as return divided by risk. Therefore, high Sharpe ratio means high performance when comparing different strategies with different risk and return structure. Real world trading gives rise to the trading costs including brokerage cost and slippage cost. When the trading cost is considered, the performance difference between 76% and -10% average annual returns becomes clear. To improve the performance of the suggested volatility trading strategy, we used the well-known SVM algorithm. Input variables include the VIX close to close return at day t-1, the VIX open to close return at day t-1, the VK open return at day t, and output is the up and down classification of the VK open to close return at day t. The training period is from 2008 to 2014 and the testing period is from 2015 to 2018. The kernel functions are linear function, radial basis function, and polynomial function. We suggested the modified-short volatility strategy that sells the VK in the morning when the SVM output is Down and takes no position when the SVM output is Up. The trading performance was remarkably improved. The 5-year testing period trading results of the m-SVS strategy showed very high profit and low risk relative to the benchmark SVS strategy. The annual return of the m-SVS strategy is 123% and it is higher than that of SVS strategy. The risk factor, MDD, was also significantly improved from -41% to -29%.

• Proceedings of the KSR Conference
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• 2010.06a
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• pp.823-829
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• 2010

Railway is facing a new era by the remarkable technology-intensive development of railways in the rolling stock and track, trains and infrastructure facilities. But the relevant provisions of the regulations for the various driving speed limit accept most of the past rules and it is desperately needed to realize the efficiency of the train operation. In addition, because the rules that drive too many treats of redundancy(the same information is duplicated in the other company policy provisions), they can cause confusion among employees, and also because of the contents of the detailed provisions dealing with almost same regulations, they can cause probable failure and big accident. In this study, the relevant provisions of the current rules are analyzed and overcome problems to improve efficiency and duplicated contents of relevant provisions to drive trains are merged. Also by reorganization of complex speed limits, we can understand easily when even the unusual situation and make a simple decision to prevent accidents. As a result, we can establish the system by doing subsequent actions quickly and accurately.

• Korean Journal of Computational Design and Engineering
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• v.14 no.6
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• pp.374-381
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• 2009

To meet the soaring demand recently, South Korea big shipbuilders are examining two things. One is new investment in plant and equipment. The other is replacement of production resources. Considering plant & equipment investment and replacement of production resources, even if actual production ability would be enough, the real output could be affected by limitation of logistics with lack of analysis. As we set up big shipyard in virtual space, we could perform actual production by using confirm production plan in virtual space. We've analyzed the load of block stock, load of road and load of transporter for logistics effects are followed by production increase. This research is to determine the possible problems of those analyzed results and to present the resolution using the current layout. And then modified yard layout, we reanalyzed previous three logistics effects. This simulation model could help administrator to make rational decision for changing yard layout.