• Title/Summary/Keyword: Stock industry

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The Construction Cycle by Investors and DSM in the Electricity Wholesale Market (일반 투자가에 의한 발전소 건설 Cycle과 DSM)

  • 안남성;김현실
    • Korean System Dynamics Review
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    • v.3 no.1
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    • pp.43-60
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    • 2002
  • This paper describes the forecast of wholesale price in competitive Korean electricity market using the system dynamics approach. The system dynamics concepts have been implemented with the Ithink software. This software facilitates the development of stock and flow model with information feedback. Using this model, the future wholesale electricity price can be computed hour by hour, quarterly, and yearly. This model also gives the energy planner the opportunity to create different scenarios for the future of deregulated wholesale markets in Korea. Also It will lead to increased understanding of competitive wholesale market as a complex, dynamic system. Research results show that the plant construction appeared in waves of boom and bust in Korean electricity market like real estate construction. That is, the Korea wholesale market's new power plants and the market price will appear the Boom and Bust cycle. It is very similar behavior as real estate industry. In case of consideration of DSM program, The DSM savings lead to a somewhat different timing of the booms in construction and of price spikes. But the DSM programs do not eliminated the fundamental dynamics of the boom and bust. And the wholesale price is maintained at the lower level compared to the case of without DSM program. However, the unexpected result is found that due to the lower market price, Investor make significantly less investment in new CCs, which leads to the higher wholesale price after 2010. It suggests that the DSM Policy must be implemented with the dynamics of competitive Electricity Market.

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A Study on Change of the Productivity of Global Shipping Companies (글로벌 해운기업의 생산성 변화에 관한 연구)

  • KIM, Sung-Kuk
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.66
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    • pp.263-284
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    • 2015
  • This study has analyzed the efficiency of 10 leading global shipping companies listed in the New York Stock Exchange from2010 to 2014 in order to find the changes of the productivity of shipping industry. The paper observed the Malmquist Productivity Index by using Efficiency and Productivity Analysis System Version 1.0. The data used in this study is the Guggenheim Shipping ETF mainly including the companies of shipping, management, and shipbuilding areas. The results from this statistical analysis indicate that the 10 selected companies have experienced a severely negative growth in 2010. Nevertheless, these companies have accomplished a significant growth of productivity. In particular, the energy transport companies operating Tanker and LNG ships carried out remarkable growth. The reason why the productivity of liner shipping companies did not show the improvement of productivity for five years was attributed to the fact that the P3(Project 3) or M2(Maersk-MSC) including Maersk, MSC, and CMA-CGM were excluded in this research because of the difficulty of attaining reliable source data. The method of this study could be extended to Korean shipping corporations and other global airlines to investigate a changes of certain industries.

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Serological and genetic characterization of the European strain of the porcine reproductive and respiratory syndrome virus isolated in Korea

  • Kim, June-Youp;Lee, Seung-Yoon;Sur, Jung-Hyang;Lyoo, Young S.
    • Korean Journal of Veterinary Research
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    • v.46 no.4
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    • pp.363-370
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    • 2006
  • Porcine reproductive and respiratory syndrome (PRRS) is an economically important disease of swine that occurs all over the swine industry worldwide. It was first observed in the Unite States in 1987 then in Europe in 1990. It has been described in Japan and in Korea in 1993. PRRS virus is divided into two distinct types, North American and European, genetically. Based on our limited knowledge there has been no report on the existence of European PRRSV. But according to the government's Korea Customs Service there has been many importations of breeding pigs from Europe. These seem to make an estimate that European PRRSV could be introduced in Korea by inflow of European breeding pigs. We first detected the European PRRSV could be introduced in Korean pig farms by using polymerase chain reaction (PCR). Further, it is also identified that there are not only North American PRRSV antibody but also a European PRRSV antibody. According to the genetical and serological experiment results, the presence of established North American PRRSV in Korea is due to the use of live vaccines made of North American PRRSV strain as well field virus infection, and the European PRRSV is possibly introduced from imported breeding stock.

Present Situation and Prospects of Sericulture in China

  • Shen, Xing-Jia;Ye, Xia-Yu;Guo, Xi-Jie
    • International Journal of Industrial Entomology and Biomaterials
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    • v.13 no.2
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    • pp.51-55
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    • 2006
  • Since 1970, China has become the biggest cocoon producer in the world, and made the highest historical record of cocoon output for 759,800 tons in 1995. However, in 1996 cocoon production reduced sharply to 470,900 tons. After a ten-year adjustment and reform, sericultural areas have shifted from developed regions to developing regions and from the east to the west. From 2000, the cocoon output has started to increase restoringly. By 2004 it recovered to 547,091 tons. With the development of market economy, sericulture management has been changed, including mulberry fields concentrated to the specializated households and cooperatives, cocoons produced in larger scale instead of individuals, Silkworm egg producing enterprises gradually changed into non-governmental joint-stock ones. The mechanism of market cocoon price has been gradually established. The management model of combination of trade, industry and agriculture is pushing and improving. It is the fruit of modern science and technology, especially sericultural basic research, that provides China's sericulture with the opportunity and vital force. China's sericulture, therefore, will continue to develop steadily in future.

AI Processor Technology Trends (인공지능 프로세서 기술 동향)

  • Kwon, Youngsu
    • Electronics and Telecommunications Trends
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    • v.33 no.5
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    • pp.121-134
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    • 2018
  • The Von Neumann based architecture of the modern computer has dominated the computing industry for the past 50 years, sparking the digital revolution and propelling us into today's information age. Recent research focus and market trends have shown significant effort toward the advancement and application of artificial intelligence technologies. Although artificial intelligence has been studied for decades since the Turing machine was first introduced, the field has recently emerged into the spotlight thanks to remarkable milestones such as AlexNet-CNN and Alpha-Go, whose neural-network based deep learning methods have achieved a ground-breaking performance superior to existing recognition, classification, and decision algorithms. Unprecedented results in a wide variety of applications (drones, autonomous driving, robots, stock markets, computer vision, voice, and so on) have signaled the beginning of a golden age for artificial intelligence after 40 years of relative dormancy. Algorithmic research continues to progress at a breath-taking pace as evidenced by the rate of new neural networks being announced. However, traditional Von Neumann based architectures have proven to be inadequate in terms of computation power, and inherently inefficient in their processing of vastly parallel computations, which is a characteristic of deep neural networks. Consequently, global conglomerates such as Intel, Huawei, and Google, as well as large domestic corporations and fabless companies are developing dedicated semiconductor chips customized for artificial intelligence computations. The AI Processor Research Laboratory at ETRI is focusing on the research and development of super low-power AI processor chips. In this article, we present the current trends in computation platform, parallel processing, AI processor, and super-threaded AI processor research being conducted at ETRI.

RIMS project application raising for a public transportation immediacy operation (공공교통 전동차 안전운행을 위한 RIMS 프로젝트 적용 제고)

  • Son Young-Jin;Lee Kang-won;Bang yeon-goon;Lee do-sun
    • Proceedings of the KSR Conference
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    • 2005.11a
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    • pp.897-901
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    • 2005
  • 21 century as the knowledge information anger society now our society industry of all fields the rolling stock maintenance conservative standardization enterprise where information anger is being turning out construction Ministry of Transportation supported with continuous development of the supply section substitution quantity information processing system which the information highway is quick and the Korean railroad technical research worker propelled the enterprise as the subjective agency, it contracted this for a vehicle field information anger system construction in link of the enterprise our construction and an agreement, information technique composed the consortium t9day and it propelled a system codevelopment. The SMSC who is a front-runner of Maj loach city railroad operation agency to 'here business relates with a vehicle field maintenance conservativeness an immediacy operation and generally and information anger it will plan it will integrate it will own jointly and business efficiency and in the dictionary an obstacle occurrence electromotive car maintenance conservative information and it will improve only maintenance conservativeness of preventive maintenance of the electromotive car it knows it will prevent to construct the maintenance conservative system of the preventive maintenance, it applied the RIMS project to sleep.

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Adsorption Kinetics for Polymeric Additives in Papermaking Aqueous Fibrous Media by UV Spectroscopic Analysis

  • Yoon, Sung-Hoon;Chai, Xin-Sheng
    • Bulletin of the Korean Chemical Society
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    • v.27 no.11
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    • pp.1819-1824
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    • 2006
  • The general objective of the present study was to investigate the potential application of the UV spectroscopic method for determination of the polymeric additives present in papermaking fibrous stock solutions. The study also intended to establish the surface-chemical retention model associated with the adsorption kinetics of additives on fiber surfaces. Polyamide epichlorohydrin (PAE) wet strength resin and imidazolinium quaternary (IZQ) softening agents were selected to evaluate the analytical method. Concentrations of PAE and IZQ in solution were proportional to the UV absorption at 314 and 400 nm, respectively. The time-dependent behavior of polymeric additives obeyed a mono-molecular layer adsorption as characterized in Langmuir-type expression. The kinetic modeling for polymeric adsorption on fiber surfaces was based on a concept that polymeric adsorption on fiber surfaces has two distinguishable stages including initial dynamic adsorption phase and the final near-equilibrium state. The simulation model predicted not only the real-time additive adsorption behavior for polymeric additives at high accuracy once the kinetic parameters were determined, but showed a good agreement with the experimental data. The spectroscopic method examined on the PAE and IZQ adsorption study could potentially be considered as an effective tool for the wet-end retention control as applied to the paper industry.

A Study on Optimal Lead Time Selection Measures of the Construction Materials (건설자재의 적정 리드타임 산정에 관한 연구)

  • Lee, Sang-Beom
    • Journal of the Korea Institute of Building Construction
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    • v.4 no.1
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    • pp.105-110
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    • 2004
  • Resource procurement is an important management area because cost of resource covers 40% of total construction project cost and resource delivery has direct relationship with project performance. Integration of cost provides various potentials for effective and efficient project control. This study investigates the usefulness of time in resource procurement management focused on materials. These days, construction projects have characterized manufacture because of industrialization and component. Therefore, application of systematic resource planning has been requested in the construction. There are many companies conducting procurement of resource on the web by applying MRP, ERP etc. in the construction. However, in applying them in the construction yet, there is obstruction. MRP has the character doing its function under accurate cost prediction of resource. But prediction of resource is difficult in industry mechanism of the construction. If accurate cost prediction of resource is possible in the construction, it will be expected to reduce cost of procurement of resource substantially by applying successful resource planning model in the manufacture. On the basis of recent current, the purpose of study is to present procurement of resource system that period observance of construction and minimization of stock is possible by reflecting accurate lead-time to apply proactive thought to be able to cope with alteration of construction schedule efficiently in analyzing resource planning of the construction site.

The Comparative Financial Performance of Outsourcing and Vertically Integrated Corporations

  • Khudadad, Shamima;Tahir, Muhammad;Jan, Ghulam
    • Asian Journal of Business Environment
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    • v.8 no.3
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    • pp.23-31
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    • 2018
  • Purpose - The purpose of this study is to analyze the comparative financial performance of outsourcing and vertically integrated corporations from Footwear and Apparel industry. Research design, data, and methodology - Secondary data is collected from the published audited annual reports of the footwear and apparel corporations listed on stock exchanges globally. In the current study, 40 footwear firms have been opted that include 20 vertically integrated and 20 outsourcing firms. The sample is distributed into two groups based on threshold up-to 50 percent respectively outsourcing and vertically integrated companies. Sample independent t-test is applied to compare the financial performance of outsourcing and vertically integrated firms. Results - Based on the investigation of 10 years' data of financial ratio, the results of the study show that there is significant difference between outsourcing and vertical integration strategy on return on assets, return on equity while insignificant difference has found with profit margin. Conclusions - The findings of the current study indicates that there is significant difference between the financial performance of outsourcing and vertically integrated firms in terms of return on asset, return on equity and insignificant difference in terms of profit margin.

Guidelines on process improvement and certificate program based on CMMI Model (철도차량 CMMI 모델기반 프로세스 개선 및 인증을 위한 지침)

  • Cho, Chi-Hwan;Cho, Moon-Soo
    • Proceedings of the KSR Conference
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    • 2008.11b
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    • pp.2021-2034
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    • 2008
  • This paper shows the result of study on the process improvement/innovation based on CMMI(Capability Maturity Model Integration) for Development V1.2 staged representation in the view of engineering area of software, hardware and system. This paper intend to help rolling stock industry to define & innovate process and finally obtain certificate for achievement of CMMI V1.2 from SEI authorized SCAMPI Lead Appraiser through the introduction experienced by Hyundai Rotem Company(car-builder and supplier of electronic & electrical equipment) such as why CMMI-based process definition & improvement are planned and how each processes of CMMI V1.2 Level 3 have been implementing and how obtaining the certificate of CMMI Maturity Level 3 of CMMI for Development V1.2 staged representation etc. This paper shows the introduction to CMMI V1.2 model, process improvement methodology and CMMI appraisal on the basis of Standard $CMMI^{SM}$ Appraisal Method for Process Improvement($SCAMPI^{SM}$), V1.2. And, this paper shows about what kinds of activities/practices of 18 processes(CMMI Maturity Level 3) is essentially implemented to satisfy their's specific goal and general geal through Hyundai Rotem Company's experiences. This paper shows the advantage and problem by adopting CMMI V1.2 model. Especially, it present the corrective/preventive actions against the identified problem in order to improve processes.

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