• Title/Summary/Keyword: Trustworthy

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THE GOVERNANCE OF RETIREMENT FUNDS IN MEMBERS RIGHTS AND TRUSTEES DUTIES IN SOUTH AFRICA: A LESSON LEARNT FROM USA, UK AND MALAWI

  • Nevondwe, Lufuno;Odeku, Kola;Matotoka, Mothlatlego
    • East Asian Journal of Business Economics (EAJBE)
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    • v.1 no.3
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    • pp.55-70
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    • 2013
  • Purpose: The article looks at the member' rights and trustees duties and determines where should the emphasis be as it often happens that these two aspects often clash. Research Design, Data and Methodology: It is determined in this article whether the trustees owe fiduciary duties to both the fund and members and further determines whether the trustees should advance the interests of the members. Results: The article further looks at the governance of the retirement funds and argues that the proper governance of these funds protects the interest of the members. The duty to disclosure of information to members is of paramount importance to ensure that members are able to make well informed decisions. Conclusion: The article considers the issues of disclosure of information from other countries, United Kingdom, United States and Malawi. It is argued in this article that trustees must be persons who are trustworthy and have the best interest of the members at heart and must therefore familiarize themselves with the laws that regulate their duties.

APPLICATION OF MONITORING, DIAGNOSIS, AND PROGNOSIS IN THERMAL PERFORMANCE ANALYSIS FOR NUCLEAR POWER PLANTS

  • Kim, Hyeonmin;Na, Man Gyun;Heo, Gyunyoung
    • Nuclear Engineering and Technology
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    • v.46 no.6
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    • pp.737-752
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    • 2014
  • As condition-based maintenance (CBM) has risen as a new trend, there has been an active movement to apply information technology for effective implementation of CBM in power plants. This motivation is widespread in operations and maintenance, including monitoring, diagnosis, prognosis, and decision-making on asset management. Thermal efficiency analysis in nuclear power plants (NPPs) is a longstanding concern being updated with new methodologies in an advanced IT environment. It is also a prominent way to differentiate competitiveness in terms of operations and maintenance costs. Although thermal performance tests implemented using industrial codes and standards can provide officially trustworthy results, they are essentially resource-consuming and maybe even a hind-sighted technique rather than a foresighted one, considering their periodicity. Therefore, if more accurate performance monitoring can be achieved using advanced data analysis techniques, we can expect more optimized operations and maintenance. This paper proposes a framework and describes associated methodologies for in-situ thermal performance analysis, which differs from conventional performance monitoring. The methodologies are effective for monitoring, diagnosis, and prognosis in pursuit of CBM. Our enabling techniques cover the intelligent removal of random and systematic errors, deviation detection between a best condition and a currently measured condition, degradation diagnosis using a structured knowledge base, and prognosis for decision-making about maintenance tasks. We also discuss how our new methods can be incorporated with existing performance tests. We provide guidance and directions for developers and end-users interested in in-situ thermal performance management, particularly in NPPs with large steam turbines.

Flow-based P2P Traffic Identification using SVM (SVM을 이용한 플로우 기반 P2P 트래픽 식별)

  • Um, Nam-Kyoung;Woo, Sung-Hee;Lee, Sang-Ho
    • Journal of the Korea Society of Computer and Information
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    • v.13 no.3
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    • pp.123-130
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    • 2008
  • To avoid some protection systems such as firewall, P2P applications have recently used to apply dynamic port numbers. Reliable estimates of P2P traffic require examination of packet payload, a methodological land mine from legal, privacy technical, logistic, and fiscal perspectives. Indeed, access to user payload is often rendered impossible by one of these factors, inhibiting trustworthy estimation of P2P growth and dynamics. Despite various methods such as port-based and signature-based techniques, it still dose not satisfy the method which uses both qualitative and quantitative aspects. In this paper, a method using SVM mechanism which discriminate the P2P traffic from non-P2P traffics using differences between P2P and other application traffics is suggested. This is a systematic methodology to identify P2P networks, and without relying on packet payload.

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A Study on a Re-Thesis Necessity of Software Quality evaluation Methodology using AHP method (AHP기법을 이용한 소프트웨어 품질 평가 방법론 재정립 방안에 관한 연구)

  • Sung, Kyung Sang;Choi, In Hwa;Hwang, Jun;Park, Chan Kil
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.5 no.4
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    • pp.263-272
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    • 2009
  • Nowadays, lots of software that have similar functions is being produced. Hence it is getting more important to select the best and suitable software for each individual or company. Moreover, there are few trustworthy materials regarding to the objective procedure and criteria for the best evaluation of the software quality. To overcome these problems, benchmarking has been carried out. However, benchmarking is also confronting the limit of quality evaluation verification due to the difficult of the objectification of the major test items. To solve these problems, some others try to evaluate the quality of software using objective criteria of evaluation based on ISO/IEC standards. Nevertheless, this method using these defined evaluation items and criteria may result in not very reliable outcome. Therefore, this paper offers the evaluation items reflected in the characteristics of each software in order to prove the validity of the proposed method. Moreover, the objective and quantitative criterion which analyzes and reflects the organization characteristics using AHP methodology is applied to the experiment and performance evaluation. Hence we expect that the proposed method provides the needs of the re-establishment of software quality evaluation criteria and the improvement of process in terms of management.

Development of 12-month Ensemble Prediction System Using PNU CGCM V1.1 (PNU CGCM V1.1을 이용한 12개월 앙상블 예측 시스템의 개발)

  • Ahn, Joong-Bae;Lee, Su-Bong;Ryoo, Sang-Boom
    • Atmosphere
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    • v.22 no.4
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    • pp.455-464
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    • 2012
  • This study investigates a 12 month-lead predictability of PNU Coupled General Circulation Model (CGCM) V1.1 hindcast, for which an oceanic data assimilated initialization is used to generate ocean initial condition. The CGCM, a participant model of APEC Climate Center (APCC) long-lead multi-model ensemble system, has been initialized at each and every month and performed 12-month-lead hindcast for each month during 1980 to 2011. The 12-month-lead hindcast consisted of 2-5 ensembles and this study verified the ensemble averaged hindcast. As for the sea-surface temperature concerns, it remained high level of confidence especially over the tropical Pacific and the mid-latitude central Pacific with slight declining of temporal correlation coefficients (TCC) as lead month increased. The CGCM revealed trustworthy ENSO prediction skills in most of hindcasts, in particular. For atmospheric variables, like air temperature, precipitation, and geopotential height at 500hPa, reliable prediction results have been shown during entire lead time in most of domain, particularly over the equatorial region. Though the TCCs of hindcasted precipitation are lower than other variables, a skillful precipitation forecasts is also shown over highly variable regions such as ITCZ. This study also revealed that there are seasonal and regional dependencies on predictability for each variable and lead.

Efficiency of Marine Hydropower Farms Consisting of MultipleVertical Axis Cross-Flow Turbines

  • Georgescu, Andrei-Mugur;Georgescu, Sanda-Carmen;Cosoiu, Costin Ioan;Alboiu, Nicolae
    • International Journal of Fluid Machinery and Systems
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    • v.4 no.1
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    • pp.150-160
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    • 2011
  • This study focuses on the Achard turbine, a vertical axis, cross-flow, marine current turbine module. Similar modules can be superposed to form towers. A marine or river hydropower farm consists of a cluster of barges, each gathering several parallel rows of towers, running in stabilized current. Two-dimensional numerical modelling is performed in a horizontal cross-section of all towers, using FLUENT and COMSOL Multiphysics. Numerical models validation with experimental results is performed through the velocity distribution, depicted by Acoustic Doppler Velocimetry, in the wake of the middle turbine within a farm model. As long as the numerical flow in the wake fits the experiments, the numerical results for the power coefficient (turbine efficiency) are trustworthy. The overall farm efficiency, with respect to the spatial arrangement of the towers, was depicted by 2D modelling of the unsteady flow inside the farm, using COMSOL Multiphysics. Rows of overlapping parallel towers ensure the increase of global efficiency of the farm.

Mutual Surveillance based Cheating Detection Method in Online Games (상호 감시 기반의 온라인 게임 치팅 탐지 방법)

  • Kim, Jung-Hwan;Lee, Sangjin
    • Journal of Korea Game Society
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    • v.16 no.1
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    • pp.83-92
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    • 2016
  • An online game is a huge distributed system comprised of servers and untrusted clients. In such circumstances, cheaters may employ abnormal behaviors through client modification or network packet tampering. Client-side detection methods have the merit of distributing the burden to clients but can easily be breached. In the other hand, server-side detection methods are trustworthy but consume tremendous amount of resources. Therefore, this paper proposes a security reinforcement method which involves both the client and the server. This method is expected to provide meaningful security fortification while minimizing server-side stress.

Corporate Sustainable Management and Capital Market: Evidence from Data on Korean Firms

  • Kim, Young Sik;Park, Ki Bum
    • Asia Pacific Journal of Business Review
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    • v.1 no.1
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    • pp.56-66
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    • 2016
  • This paper analyzes the impact of CSR on the capital market in Korea. Using listed firm data, we found that the creation of a sustainability report that indirectly measures the level of CSR can bring the stock rate of return difference of the capital markets representative market index. First, when a firm that publishes a sustainability report was compared in terms of its market rate of return, it showed a return increase of about 2%. We found that higher returns were gained through the competitive advantage of related business when the firm was actively involved in social responsibility. Second, subdivided by industry, firms belonging to the capital goods industry were found to reach a rate of return higher than that of industry. These firms were noticeable in that they were mainly industries that caused environmental pollution. Third, in an additional analysis, foreign investors were given the sustainability report of financial businesses, which was interpreted as a result of industrial properties. A sustainability report is a comprehensive report on the economic, environmental, and social activities of a firm. Firms must learn that they can gain trust through publishing trustworthy reports while achieving the lasting power of growth from the stakeholders.

Turbomachinery design by a swarm-based optimization method coupled with a CFD solver

  • Ampellio, Enrico;Bertini, Francesco;Ferrero, Andrea;Larocca, Francesco;Vassio, Luca
    • Advances in aircraft and spacecraft science
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    • v.3 no.2
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    • pp.149-170
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    • 2016
  • Multi-Disciplinary Optimization (MDO) is widely used to handle the advanced design in several engineering applications. Such applications are commonly simulation-based, in order to capture the physics of the phenomena under study. This framework demands fast optimization algorithms as well as trustworthy numerical analyses, and a synergic integration between the two is required to obtain an efficient design process. In order to meet these needs, an adaptive Computational Fluid Dynamics (CFD) solver and a fast optimization algorithm have been developed and combined by the authors. The CFD solver is based on a high-order discontinuous Galerkin discretization while the optimization algorithm is a high-performance version of the Artificial Bee Colony method. In this work, they are used to address a typical aero-mechanical problem encountered in turbomachinery design. Interesting achievements in the considered test case are illustrated, highlighting the potential applicability of the proposed approach to other engineering problems.

A Study on Structural Analysis of Integrated Machining Center (집적화된 Machining Center의 구조해석에 관한 연구)

  • Park, Seong-Jin;Lee, Choon-Man;Kim, Woong;Byun, Sam-Soo
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.9 no.1
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    • pp.49-54
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    • 2010
  • An integrated machining center is developed for high precision and productivity manufacturing. The developed machine is composed of the high precision spindle using ball bearings, the high stiffness bed and the three axis CNC controller with the high resolution AC servo motor. In this paper, structural and modal analysis for the developed machine are carried out to check the design criteria of machine. The analysis is carried out by FEM simulation with using the commercial software, CATIA V5, ANSYS and ARMD. The simulation model of machine is made by shell and solid finite elements. This study also presents the measurement system on the modal analysis of an integrated machining center. The weak part of the machine is found by the analytical evaluation. The results provide with the structural modification data for good dynamic behaviors. And the safety of machine is confirmed by the modal analysis of modified machine design. As this study results can be trustworthy with the analysis of ANSYS and CATIA, integrated machining center can be successfully developed.