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

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A Study on Patent Valuation for the Activation of IP Finance (IP 금융 활성화를 위한 특허가치평가에 관한 연구)

  • Park, Seong-Taek;Kim, Young-Ki
    • Journal of Digital Convergence
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    • v.10 no.11
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    • pp.315-321
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    • 2012
  • Since technological innovation is such an important factor that it can determine a company's economic growth and competitive enhancement, all the companies make lots of investments and efforts for technological innovation. As outcomes of technological innovation, there are patents, trademark and copyrights, etc. and they are mostly approved as a legal right called 'Intellectual Property Right'. To activate such an intellectual property right, financing techniques are needed for enterprises to raise funds through collaterals, such as technological and intellectual patents. In reality, however, any IP-related financial system is not really activated due to the lack of surety-related regulations in Korea. Thus, on the premise that it is important to carry out an objective and reliable valuation on IP as a collateral for the activation of IP finance, this study intends to investigate various different methods of patent valuation needed for IP finance.

An RFID Tag Anti-Collision Protocol for Port Logistics Systems (항만 물류 시스템을 위한 RFID 태그 충돌 방지 프로토콜)

  • Lee, Seong Ro;Lee, Yeonwoo;Joo, Yang-Ick
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.38C no.2
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    • pp.202-207
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    • 2013
  • RFID technology is applied to port logistics applications since it monitors objects wirelessly without line of sight and constructs ubiquitous system with low cost. Changes of stock status in the warehouse environment make the technology more important for managing such frequent storing and un-storing. Although the RFID has beneficial characteristics of low cost and low complexity, simultaneous responses of RFID tags cause tag identification collision due to absence of elaborate medium access control scheme. Several algorithms have been proposed to overcome the tag collision problem. However, it is difficult to adopt the methods to the logistics systems that has varying loads since there was no consideration on RFID tag's mobility. Therefore, we propose an efficient RFID tag anti-collision protocol, and simulation results demonstrate performance improvement by using the proposed scheme.

Study on Effects of Alternative Investment Goods in the Era of IT in Relation to Bid Rate of Neighboring Shopping Area (IT 시대의 대체투자재가 근린상가 낙찰가율에 미치는 영향에 관한 연구)

  • Jung, Chan-Kook;Kim, Dong-Hyun
    • The Journal of the Korea institute of electronic communication sciences
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    • v.9 no.3
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    • pp.377-386
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    • 2014
  • This study analyzed how alternative investment goods would affect a market in a neighboring shopping area in order to provide parties involved in the investment market of this neighboring shopping area with standards which would help them when they try to make a reasonable determination. The study estimated forms and explanation power of the effects of a bid rate of a neighboring shopping area, and came up with those results as follows. Increases in the representative macro economic indicators, the composite stock price index and the fluctuation rate of land price, including the real estate business would have a positive influence on the market of the neighboring shopping area as playing a circumstantial evidence of market recovery and yet, the increase in interest rate, the alternative investment goods, would reduce the relative price-earnings ratio which would, eventually, negatively affect the charm of the investment in the market of the neighboring shopping area. The study, now, understands that housing with a feature of consumers' goods and neighboring shopping area with a feature of investment goods would not have great concern with each other as they are observed to be two different markets from an aspect of interactionism.

A Birth Cohort Approach to the Household Life-Cycle Model of Residential Mobility: The Case of Jinju City (생애주기에 따른 주거이동 모형에 대한 출생코호트 접근과 해석 : 진주시를 사례로)

  • Lee, Chung-Sup
    • Journal of the Korean association of regional geographers
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    • v.17 no.1
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    • pp.75-95
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    • 2011
  • A birth cohort approach to the Household life-cycle model could be an alternative to cross-sectional data. In this study, each residential mobilities of birth cohorts' is traced by the cohort data from repeated cross-section in the case of Jinju city. Because of the differences in fertilities by era, the volume of each cohort as a consumer in housing has varied and the condition of housing stock also has changed as the time goes by. These changes in housing make not only age effect stressed in Rossi's model, but also cohort and period effect. Due to theses effects of time, every residential mobility trajectories of generations' is different especially in earlier life stages. As households get older, it is found that the age effect reduces and the probability of residential mobility is lower. As this result, the residential succession and filtering between the earlier and latter generations is weakened and the residential segregation could be happened by birth cohort.

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A Study on History of Rolling Stock Door Engines of Seoul Metro Line No.3 and No.4 (3,4호선 도시철도 전동차 도어엔진의 개발 역사에 관한연구)

  • Jang, Sung-Chul;Lee, Chan-Hee;Jeon, Kwan-Soo;Son, Young-Jin
    • Proceedings of the KSR Conference
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    • 2010.06a
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    • pp.1352-1359
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    • 2010
  • It is said that the number of people using public transportation has risen about 220 thousand over 3 years which was 1019 people average a day in 2006 and 1041 people last year. It is also said that the number of people using subway has increased by 198 thousand and the number of people using bus by 22 thousand. Can you imagine how many door engines work at the same time if we count Metro line no.1 to no.4 which consist of total 120 subway stations? A train has 80 door engines and Metro line trains have 9600 door engines all together. Which explains it quite simple how much Satefy, Durability and Sustainability need to be focused in Door Engines. Although it's not the whole part of door engines in Seoul Metro Line, And Metro No.4's door engines are operated by the method called mixture of mechanical type and belt type. And the last one is being used in the brand-new Metro train line No.3 which is being operated by electricity motor, instead of the old methods which use air pressure to operate a door engine. I'm sure you will agree that Safety is the first priority of Metro train and next follow comfortability and quickness. I think all I've talked so far make it the first step for the Safety of Metro train for you to understand the unit of a Door Engine.

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Water Quality Modeling of Stratification Lake Using WASP6 Model (WASP6모형을 이용한 성층화 호소의 수질모의)

  • Lee, Wonho;Han, Yangsu;Kim, Jingeuk
    • Journal of the Korean GEO-environmental Society
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    • v.7 no.6
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    • pp.57-65
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    • 2006
  • In this study, WASP6 was used to predict the water quality of the reservoir and the lake. This can help the managers make the right choice of water quality policy. The results through studying are below. Raw pollutant load caused by the tourists in pollutant load of the study area takes 91.66% and 92.75% in total amount T-N, T-P. It showed high value when compared to raw pollutant load by land and stock farm and it seems that the main contamination is the population of tourists. From the result of the prediction model, BOD will increase about 1.5 times, T-N and T-P will be 1.5 times in 2012. It means that some counter plan is needed to reduce pollutant load. Enviroment grade of Suokjeong reserver is in I~II grade which is in good condition comparatively. However, the water contamination will be in poor as the year passes. when considering T-N T-P, which are the nutrients to control eutrophication, the concentrated administration about contamination sources is in urgent.

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A note on Methods of Milling Naked Barley and Wheat-Naked Barley Mixture (쌀보리 단독제분 및 혼합제분 방법에 관한 연구)

  • Cheigh, H.S.;Kwon, T.W.;Kim, H.K.;Kim, D.W.
    • Korean Journal of Food Science and Technology
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    • v.7 no.2
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    • pp.96-99
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    • 1975
  • In order to establish an optimal flour milling method for naked barley, the tempering conditions, milling after pearling and mixed flour milling of naked barley with wheat were studied, and the following results were obtained. 1. For the tempering of naked barley, treatment for 48 hours at a moisture level of 13. 5% and addition of 0. 5% water prior to the flour milling is the most useful procedure. 2. The pearling of naked barley before or after tempering lowers the ash content in the flour, but the yield is reduced considerably and two steps of processing make the procedure unsuitable. 3. For the mixed flour milling, the mixing ratio of naked barley to wheat ranging from 10 : 90 to 20 : 80 is optimal.

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A Study on Factors Affecting the Usage of the Digital Copyright Exchange in Knowledge Service Convergence Era (지식서비스 융합시대 디지털저작권거래소 이용의도에 영향을 미치는 요인에 관한 연구)

  • Lee, Jung-Jae;Han, Kyeong-Seok
    • Journal of Digital Convergence
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    • v.10 no.6
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    • pp.153-158
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    • 2012
  • Digital contents market has been drastically increasing under Clouding Computing and Smart Phone environment. The Contents industry is going to be more essential portion than manufacture or service industry in the near future. One good example of high value-added contents is the Harry Potter series which exceeds 10 years' net profit of Hundai automobile company. This one example shows us very well that digital contents market as a core-engine for culture industry development is economically influential and attractive as well. This study focuses on activation of Digital Copyright Exchange in knowledge service convergence era. First, it examines other services like stock exchange, electronic documents and authentication certificate etc. which are similar to DCE service. Then it analyzes what factors make copyright industry have interested in the DCE the through technology acceptance model. Based on the results of the analysis, finally, this study evaluates how the DCE contributes to copyright industry overall including fair utilization of works.

Robo-Advisor Algorithm with Intelligent View Model (지능형 전망모형을 결합한 로보어드바이저 알고리즘)

  • Kim, Sunwoong
    • Journal of Intelligence and Information Systems
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    • v.25 no.2
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    • pp.39-55
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    • 2019
  • Recently banks and large financial institutions have introduced lots of Robo-Advisor products. Robo-Advisor is a Robot to produce the optimal asset allocation portfolio for investors by using the financial engineering algorithms without any human intervention. Since the first introduction in Wall Street in 2008, the market size has grown to 60 billion dollars and is expected to expand to 2,000 billion dollars by 2020. Since Robo-Advisor algorithms suggest asset allocation output to investors, mathematical or statistical asset allocation strategies are applied. Mean variance optimization model developed by Markowitz is the typical asset allocation model. The model is a simple but quite intuitive portfolio strategy. For example, assets are allocated in order to minimize the risk on the portfolio while maximizing the expected return on the portfolio using optimization techniques. Despite its theoretical background, both academics and practitioners find that the standard mean variance optimization portfolio is very sensitive to the expected returns calculated by past price data. Corner solutions are often found to be allocated only to a few assets. The Black-Litterman Optimization model overcomes these problems by choosing a neutral Capital Asset Pricing Model equilibrium point. Implied equilibrium returns of each asset are derived from equilibrium market portfolio through reverse optimization. The Black-Litterman model uses a Bayesian approach to combine the subjective views on the price forecast of one or more assets with implied equilibrium returns, resulting a new estimates of risk and expected returns. These new estimates can produce optimal portfolio by the well-known Markowitz mean-variance optimization algorithm. If the investor does not have any views on his asset classes, the Black-Litterman optimization model produce the same portfolio as the market portfolio. What if the subjective views are incorrect? A survey on reports of stocks performance recommended by securities analysts show very poor results. Therefore the incorrect views combined with implied equilibrium returns may produce very poor portfolio output to the Black-Litterman model users. This paper suggests an objective investor views model based on Support Vector Machines(SVM), which have showed good performance results in stock price forecasting. SVM is a discriminative classifier defined by a separating hyper plane. The linear, radial basis and polynomial kernel functions are used to learn the hyper planes. Input variables for the SVM are returns, standard deviations, Stochastics %K and price parity degree for each asset class. SVM output returns expected stock price movements and their probabilities, which are used as input variables in the intelligent views model. The stock price movements are categorized by three phases; down, neutral and up. The expected stock returns make P matrix and their probability results are used in Q matrix. Implied equilibrium returns vector is combined with the intelligent views matrix, resulting the Black-Litterman optimal portfolio. For comparisons, Markowitz mean-variance optimization model and risk parity model are used. The value weighted market portfolio and equal weighted market portfolio are used as benchmark indexes. We collect the 8 KOSPI 200 sector indexes from January 2008 to December 2018 including 132 monthly index values. Training period is from 2008 to 2015 and testing period is from 2016 to 2018. Our suggested intelligent view model combined with implied equilibrium returns produced the optimal Black-Litterman portfolio. The out of sample period portfolio showed better performance compared with the well-known Markowitz mean-variance optimization portfolio, risk parity portfolio and market portfolio. The total return from 3 year-period Black-Litterman portfolio records 6.4%, which is the highest value. The maximum draw down is -20.8%, which is also the lowest value. Sharpe Ratio shows the highest value, 0.17. It measures the return to risk ratio. Overall, our suggested view model shows the possibility of replacing subjective analysts's views with objective view model for practitioners to apply the Robo-Advisor asset allocation algorithms in the real trading fields.

Implementation of B2B order and delivery system using UML, and XML (UML과 XML을 이용한 B2B 수주ㆍ발주 시스템 구현)

  • 권영직
    • Journal of Korea Society of Industrial Information Systems
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    • v.7 no.5
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    • pp.1-10
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    • 2002
  • This study is based on user requirements before the implementation of B2B order and delivery systems. For accurate and easy understanding of the user's requirements I have expressed my specifications in graphical method and to make use of multiple diagrams, I have used UML. In these specifications, I have implemented B2B order and delivery systems with the use of XML, with company 'N' which is domestic aluminum manufacturer as the study object. The results of this study are as follows. First, both a developer and a user can understand the problems associated with specifying study objects through this system. Second, the communication between developers and users is more effective using this system. Third programming became easier because or the formalized specifications of this system. Fourth, this system facilitates the rapid handling of marketing department and stock management. Fifth, order and reservation management became more rapid and accurate through the use of this system. Sixth, this system can help nate B2B order and delivery systems that can be direct transactions. Seventh, this system helps to reduce purchasing costs by allowing for the rapid and simple order and delivery of raw materials. Finally, this study emphasized the advertising effect of an aluminum vessel.

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