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

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A Study on the Environmental Improvement in the Interior Construction Fields with the check-list (실내건축의 작업환경 개선을 위한 기본적 관리방안에 관한 연구)

  • 이용의
    • Korean Institute of Interior Design Journal
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    • no.9
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    • pp.10-17
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    • 1996
  • With the ever-increasing important of high-speed information in society as we move towards the 21 st century. Interior design and it's working condition has been changed a great deal included a sort of each special character and make a difference against the others. It used to be find a great poles asunder of worker's safety and project quality according to the environmental dimension of interior construction field as if they should be a pleasantness or poor condition. This research aimed to improvement of environmental construction field of interior with construction engineers and particular interior labors in 4 phases as : ⅠThe preparatory phase : -Secure a Budget, Environmental safety supervisor -Fix of Design quality, Construction period. -Choice of Construction method, Sub constructing Ⅱ. Starting work phase ; -Capacity , Safety of temporary power line. -Carriage, Stock of Material -Safety of Electronic tools, -Personal protector. Ⅲ. Working period ; -Ventilation, I illumination of working place. -Measurement of environmental working condition Ⅳ.Finish working phase ; -Analysis of measurement data. -Evaluation and making up for the weak point. -Keeping data.

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A Study on between Human Resource Management and Merger and Acquisition: The case of D company (인수합병(M&A) 이후 HR 활용: D사의 사례를 중심으로)

  • Kim, Hyung-Ho;Han, Jung-hee
    • Journal of Industrial Convergence
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    • v.13 no.4
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    • pp.11-28
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    • 2015
  • A company have to grow constantly. If a company does not grow and stagnant, it will be finally out of the market. The contemporary companies fully make use of M&A to search for new growth engines. The reason of companies using M&A as a important tool of a business strategy is the fastest way to achieve technology power, market power, competitiveness. The form of M&A was that leading companies take over smaller companies or merger and acquisition between small companies in the middle of 2000. But now, Mega mergers between industry leading companies often occur and especially domestic of course M&A of foreign companies occurs actively. These days the boom of stock market and the big companies are pouring on sale by restructuring, privatization and the basis of low interest will make the M&A market continuously. In this study, I suggest a solution of actual human resources management by analyzing proven M&A cases and search for various problems of a gap in the leadership and communication in connection with integration of organization culture after M&A. First of all, I arrange the theoretical concept of the subject and analyze the key factors of the success M&A cases, lastly I suggested a HR strategy after M&A. After M&A, HR strategy is ; First, a company have to build a organization culture which is that merger company accommodate a excellent organizational characteristic of predecessor company with consideration of culture difference. Second, M&A must proceed to remove of anxiety about the future and employment stability by excellent leaderships. Third, organization integration after M&A is influenced by the level of integration for that reason it was verified that M&A have to make progress by communication of each 2 organizations.

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Study of validation process according to various option strategies in a KOSPI 200 options market (코스피 200 주가지수옵션 데이터의 효율적 가공을 통한 다양한 옵션 전략들의 사후검증에 관한 연구)

  • Song, Chi-Woo;Oh, Kyong-Joo
    • Journal of the Korean Data and Information Science Society
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    • v.20 no.6
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    • pp.1061-1073
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    • 2009
  • Stock price index option investing is a scientific investment method and various index and investment strategies have been developed. The purpose of this study is to apply the variety of option investment strategies that have been introduced in the market and validate them using past option trading data. Option data was based on an actual stock exchange market tick data ranging from September 2001 to January 2007. Visual Basic is used to propose an option back-testing model. Validation process was carried out by transferring the tick data into ten-minute intervals and empirically analyzed. Furthermore, most option-related strategies have been applied to the model, and the usefulness of each strategies can be easily evaluated. As option investment has high leverage followed by high risks and profit, the optimal option investment strategy should be used according to the market condition at the time to make stable profit with minimum risk.

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Development of Estimation Methods of Pollutant Emissions from Railroad Diesel Rolling Stocks (철도디젤차량에서 배출되는 오염물질의 배출량 산정방법 개발)

  • 박덕신;김동술
    • Journal of Korean Society for Atmospheric Environment
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    • v.20 no.4
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    • pp.539-553
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    • 2004
  • Up to the present time, many methods to estimate emissions from a particular diesel engines have wholly depended on the quantity of diesel fuel consumed. Then, the recommended emission factors were normalized by fuel consumption, and further total activity was estimated by the total fuel consumed. One of main purposes in the study is newly to develop emission factors for the railroad diesel rolling stock (RDRS) and to estimate a total amount of major gaseous pollutants from the RDRS in Korea. Prior to develop a Korean mode emission factor. the emission factor from the USEPA was simply applied for comparative studies. When applying the USEPA emission factors, total exhaust emissions from the RDRS in Korea were estimated by 28,117tons of NOx, 2,832.3tons of CO, and 1,237.5tons of HC, etc in 2001. In this study, a emission factor for the RDRS, so called the KoRail mode (the Korean Railroad mode) has been developed on the basis of analyzing the driving pattern of the Gyeongbu-Line especially for the line-haul mode. Explicitly to make the site specific emission factors, many uncertainty problems concerning weighting factors for each power mode, limited emission test, incomplete data for RDRS, and other important input parameters were extensively examined. Total exhaust emissions by KoRail mode in Korea were estimated by 10,960tons of NOx, and 4,622tons of CO, and so on in the year of 2001. The emissions estimated by the USEPA mode were 2.6 times higher for NOx, and 1.6 times lower for CO than those by the KoRail mode. As a conclusion, based on the emission calculated from both the USEPA mode and the KoRail mode, the RDRS is considered as one of the significant mobile sources for major gaseous pollutants and thus management plans an(1 control strategies for the RDRS must be established to improve air quality near future in Korea.

A Case of Establishing Robo-advisor Strategy through Parameter Optimization (금융 지표와 파라미터 최적화를 통한 로보어드바이저 전략 도출 사례)

  • Kang, Mincheal;Lim, Gyoo Gun
    • Journal of Information Technology Services
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    • v.19 no.2
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    • pp.109-124
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    • 2020
  • Facing the 4th Industrial Revolution era, researches on artificial intelligence have become active and attempts have been made to apply machine learning in various fields. In the field of finance, Robo Advisor service, which analyze the market, make investment decisions and allocate assets instead of people, are rapidly expanding. The stock price prediction using the machine learning that has been carried out to date is mainly based on the prediction of the market index such as KOSPI, and utilizes technical data that is fundamental index or price derivative index using financial statement. However, most researches have proceeded without any explicit verification of the prediction rate of the learning data. In this study, we conducted an experiment to determine the degree of market prediction ability of basic indicators, technical indicators, and system risk indicators (AR) used in stock price prediction. First, we set the core parameters for each financial indicator and define the objective function reflecting the return and volatility. Then, an experiment was performed to extract the sample from the distribution of each parameter by the Markov chain Monte Carlo (MCMC) method and to find the optimum value to maximize the objective function. Since Robo Advisor is a commodity that trades financial instruments such as stocks and funds, it can not be utilized only by forecasting the market index. The sample for this experiment is data of 17 years of 1,500 stocks that have been listed in Korea for more than 5 years after listing. As a result of the experiment, it was possible to establish a meaningful trading strategy that exceeds the market return. This study can be utilized as a basis for the development of Robo Advisor products in that it includes a large proportion of listed stocks in Korea, rather than an experiment on a single index, and verifies market predictability of various financial indicators.

A Study on Oil Price Risk Affecting the Korean Stock Market (한국주식시장에 파급되는 국제유가의 위험에 관한 연구)

  • Seo, Ji-Yong
    • The Korean Journal of Financial Management
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    • v.24 no.4
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    • pp.75-106
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    • 2007
  • In this study, it is analyzed whether oil price plays a major role in the pricing return on Koran stock market and examined why the covariance risk between oil and return on stock is different in each industry. Firstly, this study explores whether the expected rate of return on stock is pricing due to global oil price factors as a function of risk premium by using a two-factor APT. Also, it is examined whether spill-over effects of oil price volatility affect the beta risk to oil price. Considering the asymmetry of oil price volatility, we use the GJR model. As a result, it shows that oil price is an independent pricing factor and oil price volatility transmits to stock return in only electricity and electrical equipment. Secondly, the two step-analyzing process is introduced to find why the covariance between oil price factor and stock return is different in each industry. The first step is to study whether beta risk exists in each industry by using two proxy variables like size and liquidity as control variables. The second step is to grasp the systematic relationship between the difference of liquidity and size and beta to oil price factor by using the panel-data model which can be analyzed efficiently using the cross-sectional data formed with time series. Through the analysis, we can argue that oil price factor is an independent pricing factor in only electricity and electrical equipment having the greatest market capitalization, and know that beta risk to oil price factor is a proxy of size in the other industries. According to the result of panel-data model, it is argued that the beta to oil price factor augments when market capitalization increases and this fact supports the first assertion. In conclusion, the expected rate of return of electricity and electrical equipment works as a function of risk premium to market portfolio and oil price, and the reason to make beta risk power differentiated in each industry attributes to the size.

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Determinants of Share Prices of Listed Companies Operating in the Steel Industry: An Empirical Case from Vietnam

  • NGUYEN, Phu Ha;NGUYEN, Phi-Hung;TSAI, Jung-Fa;NGUYEN, Thanh Tam;HO, Van Nguyen;DAO, Trong-Khoi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.131-138
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    • 2020
  • In accordance with huge demand for capital to meet the expansion of steel production, there are more and more steel companies who have officially listed their stocks in HOSE and HNX. One of the key issues in successful initial public offerings and seasonal offerings for these companies is how to make stocks of steel companies become more attractive in the eyes of investors. The purpose of this research is to analyze the determinants of share prices of listed steel companies in Vietnam. This study utilized macro-economic variables, ratios and indicators representing characteristics of steel industry collected from Quarter 1/2006 to Quarter 4/2019 in association with the panel data and the feasible generalized least square (FGLS) model to evaluate the degree of these factors on the share prices. The results of the research show that ROE, Cons_rate, and CO2_rate are three main factors affecting the share prices of listed steel companies. Among which, ROE and Cons_rate have a positive effect, while CO2_rate has a negative effect on the share prices of listed steel companies. It also confirms the relationship between the environmental factor, construction industry factor and the stock prices. This lays foundations for recommendations for the future policies towards environmental protection and sustainable development.

Using rough set to support arbitrage box spread strategies in KOSPI 200 option markets (러프 집합을 이용한 코스피 200 주가지수옵션 시장에서의 박스스프레드 전략 실증분석 및 거래 전략)

  • Kim, Min-Sik;Oh, Kyong-Joo
    • Journal of the Korean Data and Information Science Society
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    • v.22 no.1
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    • pp.37-47
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    • 2011
  • Stock price index option market has various investment strategies that have been developed. Specially, arbitrage strategies are very important to be efficient in option market. The purpose of this study is to improve profit using rough set and Box spread by using past option trading data. Option trading data was based on an actual stock exchange market tick data ranging from 2001 to 2006. Validation process was carried out by transferring the tick data into one-minute intervals. Box spread arbitrage strategies is low risk but low profit. It can be accomplished by back-testing of the existing strategy of the past data and by using rough set, which limit the time line of dealing. This study can make more stable profits with lower risk if control the strategy that can produces a higher profit module compared to that of the same level of risk.

Stock composition and Renovation Possibility of urban Style Row-rise Houses for rent

  • Park, Byung-Soon;Matsumura, Shuichi
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2002.11a
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    • pp.307-313
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    • 2002
  • Urban style row-rise houses for rent have been supplied to the center of city from the 1950's first half The amount of stock is about 450,000 houses and occupies about 40% in the private rented house. As for the structure, the 60% of them is wooden-structure and the rest is non-wooden. Stocks of 57.5% of the wooden-structure and 86% of the non-wooden were built after 1981 years. It was 1981 years that the new earthquake-resistant standard was carried out, the improvement of stocks built before 1981 is necessary because those don't satisfy the present standard. To investigate the renovation possibility of urban style row-rise houses for rent, actual situation of two-story apartment at 2,4, and 5 Chome Taito-Ku in Tokyo was surveyed from July to November 2001. The number of building analyzed is 227 ridges among 234 ridges of the surveyed two-story building. 90% of building analyzed is wooden structure. 1) The site of 88% building surveyed is close to a road less than 4m width. It becomes the existing non-conformed building in the building construction act. It is impossible to make a renovation such as rebuilding, extension and remodeling because it requires the set back when renovating this type of non-conformed building, 2) The building built before 1981 is almost wooden-structure, and occupies 37% of the building surveyed, and doesn't satisfy the present earthquake-resistant standard. An improvement of them is needed because the decrepitude of building proceeds. 3) 50% of openings and 40% of windows of the building surveyed doesn't use noncombustible materials. Though it becomes the existing non-conformed building, it can satisfy the present standard by replacing openings with noncombustible materials.

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The Effect of (Q, r) Policy in Production-Inventory Systems

  • Kim, Joon-Seok;Jung, Uk
    • Management Science and Financial Engineering
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    • v.15 no.1
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    • pp.33-49
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    • 2009
  • We examine the effectiveness of the conventional (Q, r) model in managing production-inventory systems with finite capacity, stochastic demand, and stochastic order processing times. We show that, for systems with finite production capacity, order replenishment lead times are highly sensitive to loading and order quantity. Consequently, the choice of optimal order quantity and optimal reorder point can vary significantly from those obtained under the usual assumption of a load-independent lead time. More importantly, we show that for a given (Q, r) policy the conventional model can grossly under or over-estimate the actual cost of the policy. In cases where a setup time is associated with placing a production order, we show that the optimal (Q, r) policy derived from the conventional model can, in fact, be infeasible.