• Title/Summary/Keyword: Market Turbulence

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Combination Algorithm of a Material for Marble Solid Effects

  • Park, Tae-Jin;Park, Man-Gon
    • Journal of Korea Multimedia Society
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    • v.7 no.12
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    • pp.1700-1707
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    • 2004
  • Nowaday, market size of digital image in world around is looks to rapidly growth. For this, Texture mapping has traditionally been used to add realism to computer graphics images. Therefore to make our image realistic, we need to give the various kind of objects material parameter and environment lighting. To present the completed marble we use passing back algorithm and combination with channel of a material. In experimental result of this paper that application by passing back algorithm and varying the parameter such as scale, period, distortion, octaves of noise make showing the superiority of optimized rendering of spheres and perfect another marble effects.

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Dissolved oxygen analysis of an abalone aquaculture cage system using computational fluid dynamics

  • Kim, Taeho
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.51 no.2
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    • pp.155-162
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    • 2015
  • Abalone (Haliotis discus hannai) is a shellfish that feeds on kelp and, as a product, it can often achieve a high market value. However, the dissolved oxygen (DO) levels in coastal waters in Korea have been negatively impacted by pollution from many anthropogenic sources. Herein, a computational fluid dynamics (CFD) software package was used to analyze the distribution of the DO concentration within an abalone containment structure. A finite volume approach was used to solve the Reynolds-averaged Navier-Stokes equations combined with a $k-{\varepsilon}$ turbulence model to describe the flow. The distribution of DO was determined within the control volume domain, and the transport equations of the pollutants were interpreted using a CFD model. The CFD analysis revealed that more than 60% and 30% of the relative oxygen concentration in one and two containers, respectively, was maintained when the flow acts along the six sheets of polyethylene plates. Therefore, it is clear that the abalone plate shelters should be placed parallel to the flow.

Financial Stability of GCC Banks in the COVID-19 Crisis: A Simulation Approach

  • AL-KHARUSI, Sami;MURTHY, Sree Rama
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.337-344
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    • 2020
  • Stability and sustainability of the biggest banks in any country are extremely important. When big banks become unstable and vulnerable, they typically stop lending. The resulting credit squeeze pushes the economy into recession or a slow growth path. The present study examines the financial stability and sustainability of the 30 large banks operating in the six Gulf Cooperation Council countries. These banks represent 70% of the GCC banking market. Monte Carlo simulation was attempted assuming that key drivers can vary randomly by twenty percent on either side of the current values. The conclusions are drawn based on 300 simulation trails of the five-year forecast balance and income statement of each bank. Year 2020 is not favorable for the GCC countries because of the COVID-19 pandemic and low oil prices, though the future years may be better. The study identifies several banks, which may become financially unsustainable because the simulations indicate the possibility of negative profitability, unacceptably low capital ratios and potential for heavy credit losses during periods of economic turbulence, which is the current situation due to the COVID-19 pandemic. Through simulation the paper is able to throw light on which factors lead to bank instability and weakness.

Performance Optimization of High Specific Speed Pump-Turbines by Means of Numerical Flow Simulation (CFD) and Model Testing

  • Kerschberger, Peter;Gehrer, Arno
    • International Journal of Fluid Machinery and Systems
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    • v.3 no.4
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    • pp.352-359
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    • 2010
  • In recent years, the market has shown increasing interest in pump-turbines. The prompt availability of pumped storage plants and the benefits to the power system achieved by peak lopping, providing reserve capacity, and rapid response in frequency control are providing a growing advantage. In this context, there is a need to develop pumpturbines that can reliably withstand dynamic operation modes, fast changes of discharge rate by adjusting the variable diffuser vanes, as well as fast changes from pumping to turbine operation. In the first part of the present study, various flow patterns linked to operation of a pump-turbine system are discussed. In this context, pump and turbine modes are presented separately and different load cases are shown in each operating mode. In order to create modern, competitive pump-turbine designs, this study further explains what design challenges should be considered in defining the geometry of a pump-turbine impeller. The second part of the paper describes an innovative, staggered approach to impeller development, applied to a low head pump-turbine project. The first level of the process consists of optimization strategies based on evolutionary algorithms together with 3D in-viscid flow analysis. In the next stage, the hydraulic behavior of both pump mode and turbine mode is evaluated by solving the full 3D Navier-Stokes equations in combination with a robust turbulence model. Finally, the progress in hydraulic design is demonstrated by model test results that show a significant improvement in hydraulic performance compared to an existing reference design.

A Debate on the Reform Plan of Korean National Pension Fund Governance Structure - A Critique on the Appliance of the Agency Theory and a Democratic Alternative - (국민연금기금 지배구조 개편 논쟁에 관한 연구 - 대리인 이론 적용 비판과 민주주의적 대안의 모색 -)

  • Joo, Eun-Sun
    • Korean Journal of Social Welfare
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    • v.63 no.1
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    • pp.343-368
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    • 2011
  • This Study aims to criticize national pension fund governance reform plan of Korea government and to search for an alternative direction of the reform. Firstly, I examine the theoretical basis of the Korean government reform plan by clarifying limits of application of agency theory to the public pension fund governance. Secondly, I try to reconstruct principles of the public pension fund governance with an alternative theoretical view emphasizing democracy principle. Thirdly, I evaluate the government reform plan with the basis of reconstructed pension fund governance principles. The government reform plan is expected to cause retrenchment of democracy and even political autonomy. It also would make worse the problem of pension fund autonomy from the financial market and the risk of the pension fund caused by market turbulence. Finally I suggest alternative direction of the pension fund governance reform emphasizing the democracy principle. This direction contains constructing co-determination structure of the state and the civil society, escalating controling power of the governing body to the administration body, setting the limits of the roles of the state, attaining of the autonomy from the financial market, strengthening organizational and social accountability.

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Study on a Limit MPPT Controller for the Modelling of a Wind Power Generator (풍력발전기 모델링 및 리미트 MPPT제어기에 관한 연구)

  • Kang, Ju-Sung;Koh, Kang-Hoon;Choi, Kwang-Ju;Park, Jae-Yoon
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.21 no.5
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    • pp.53-59
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    • 2007
  • Now, the study is activity that the energy market depending on a fossil fuel tend to change different way. In middle of the study compositive use of renewable energy(fuel cell and wind power, solar cell, etc.) is dispersion power system which concern is increasing. But in the case of generation of electric wind power system is changeable to be turbulence and wind and win speed are changeable in several seconds, so making the best of wind energy the MPPT that role in this case is important. In this paper suggest a MPPT which is making a use of information of wind speed and turning speed, windmill, electric power but it is simpler than former way. We could verify that a proposed controller working at the highest point of electric power when wind speed is regular speed and changable speed through the simulation.

Increasing Employment Flexibility and Job Stabilization in Germany (독일의 고용유연성 확대와 고용안정)

  • Lee, Jeong Eon
    • The Journal of the Korea Contents Association
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    • v.13 no.12
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    • pp.966-973
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    • 2013
  • It has been frequently asked the question not only by academicians but also by practitioners whether employment flexibility can be compatible with employment stability. This study tries to find the answer by investigating the German model of employment flexibility practices and job stability policies. The German model of employment flexibility is mainly based on working-time accounts and short-time work programs. It is found that social partnership and government support have played a crucial role to stabilize German labour market. Workers, employers, and government have harmoniously interplayed in order for overcoming the economic hardship. Adapting the German experience of overcoming economic turbulence by introducing employment flexibilization can help Korean firms. However, it is important to recognize that there are some differences in practices of labour relations, cultural and social background while applying the German practices.

Open Innovation Platform-based Business Startup Incubation Model in Incheon International Airport Corporation (인천공항공사 개방형혁신 플랫폼기반 창업지원체계 구축 방안)

  • Rho, Young J.;Sohn, Sei-Chang;Yang, Dong-Heon;Lee, Choongseok
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.120-128
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    • 2017
  • More people travel oversea as the economic size of Korea is getting larger and more new jobs are requested to be created by the society. To respond to these trend and request, Incheon International Airport Corporation (IIAC) is about to expand its processing capability with a new terminal; 54 million passengers to 72 million. IIAC is also introducing new strategies such as open innovation (OI) and creating shared value (CSV). With these changes, IIAC faces new challenges of restructuring its business and organization with new ideas. Most organizations including IIAC are becoming more dependent on external resources to keep their competitive advantages under the turbulence of global business environmental changes. Therefore, they focus on the OI paradigm which is reported as a convincing strategy to improve competitiveness in terms of budget and time-to-market. OI is to quickly react to the rapidly changing business environment and is adopted to support startup incubation. In the previous research with IIAC, three major tasks were defined; utilizing the IIAC brand power for external vendors, building a technology road-map, and introducing a collaboration support system. This paper deals with the collaboration system as proposed in the previous research. We focused on the collaboration process for startup incubation. Cases were studied; the K-startup model by the government, a university model to explore youth startups, and a R&D institute model to study professional startups. Based on the case studies, we defined an IIAC model and proposed issues to take care of. The model is distinguished from the other studied models since IIAC is a prospective customer of new technology.

A Study on the Introduction of Open Innovation in Incheon International Airport Corporation (인천공항공사 개방형 혁신 도입방안에 관한 연구)

  • Rho, Young J.;Sohn, Sei-Chang;Yang, Dong-Heon;Lee, Choongseok
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.4
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    • pp.56-63
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    • 2015
  • Recently, companies and organizations are becoming increasingly dependent on external resources to keep their competitive advantages under the turbulence of global business environmental changes. Therefore, they focus on the paradigm 'Open Innovation (OI)' which is reported as a convincing strategy to improve competitive advantage in terms of budget and time-to-market. The management of Incheon International Airport Corporation (IIAC) also considers the introduction of Open Innovation not only to adapt the business environmental changes but also to be devoted its social role as a public corporation. In this paper, we describe how we derived the promotion tasks for the introduction of OI and prioritized the tasks, performing our research on the IIAC Open Innovation. For these purposes, this research conducted the following three steps; the first stage for the analysis of current situation on the IIAC Open Innovation, the second stage for the elicitation of promotion tasks, and the last stage for the prioritization of the promotion tasks. In the first stage, critical success factors (CSFs) for open innovation introduction were derived from different research papers and case studies. In the following stage, promotion tasks were elicited from the IIAC based on the CSFs. In the last stage, the promotion tasks were evaluated on the base of criteria by using Analytic Hierarchy Process (AHP). And then the promotion tasks were grouped by the result of the evaluation. In this case, thirteen promotion tasks were derived for open innovation, ten promotion tasks except three inevitable promotion tasks were evaluated, and then they were grouped into four categories based on the importance-possibility analysis.

An Exploration of the Organizational and Environmental Antecedents of Entrepreneurial Orientation (기업가적 지향성의 선행 요인에 대한 연구: 기업 특성과 환경적 특성의 효과를 중심으로)

  • Hyo Eun Cho;Eunmi Kim
    • Knowledge Management Research
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    • v.24 no.2
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    • pp.49-63
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    • 2023
  • Existing knowledge regarding the antecedents of the entrepreneurial orientation (EO) of firms is somewhat limited given the emphasis on its performance implications. To address this research gap, this study aims to explore the drivers of entrepreneurial orientation using the resource-based view (RBV) and contingency perspective. To test our hypotheses, this study uses 225 survey data collected from Korean exporters. Results show that the level of entrepreneurial orientation varies depending on organizational characteristics such as firm size and internationalization of the firm. Our findings also support the tenet of the contingency perspective by showing the influences of environmental characteristics such as technological turbulence and market uncertainty on the entrepreneurial orientation of firms. Our empirical research provides academic and practical implications for the field of entrepreneurship.