• Title/Summary/Keyword: accounting systems

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The Study on the Difference of Management Performance around 2009 in Korean Agricultural Cooperatives - Focused on the Result of CEO Election and Specialized Executives Director - (2009년 전후 전국 지역농협의 경영성과 차이 분석 - 조합장 교체 및 상임이사제도 운영을 중심으로 -)

  • Lee, Hyun-Chang;Park, Tae-Jun
    • Management & Information Systems Review
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    • v.35 no.4
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    • pp.21-36
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    • 2016
  • This Research focuses on the financial performance change analysis when the CEO has been changed as the consequence of the Korean Agricultural Co-op members voting. The CEO turnover is the critical event for every cooperatives because it may result in the uncertainty of management, even if top management change has a possibility to improve the management performance. To verify the CEO turnover effect for Korean Co-op financial performance, we utilized nationwide net income change data for each year before and after 2009 in this research. As a result of this effort, we find that the financially worse performance just before Co-op member voting has an positive effect on the CEO turnover. Secondary, we find a positively volatile change of net income after CEO turnover has been occurred. Specialized Executives Director system of Korean agricultural Co-ops has not the significantly positive meaning about the net income change.

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The Integrated Methodology of Rough Set Theory and Artificial Neural Network for Business Failure Prediction (도산 예측을 위한 러프집합이론과 인공신경망 통합방법론)

  • Kim, Chang-Yun;Ahn, Byeong-Seok;Cho, Sung-Sik;Kim, Soung-Hie
    • Asia pacific journal of information systems
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    • v.9 no.4
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    • pp.23-40
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    • 1999
  • This paper proposes a hybrid intelligent system that predicts the failure of firms based on the past financial performance data, combining neural network and rough set approach, We can get reduced information table, which implies that the number of evaluation criteria such as financial ratios and qualitative variables and objects (i.e., firms) is reduced with no information loss through rough set approach. And then, this reduced information is used to develop classification rules and train neural network to infer appropriate parameters. Through the reduction of information table, it is expected that the performance of the neural network improve. The rules developed by rough sets show the best prediction accuracy if a case does match any of the rules. The rationale of our hybrid system is using rules developed by rough sets for an object that matches any of the rules and neural network for one that does not match any of them. The effectiveness of our methodology was verified by experiments comparing traditional discriminant analysis and neural network approach with our hybrid approach. For the experiment, the financial data of 2,400 Korean firms during the period 1994-1996 were selected, and for the validation, k-fold validation was used.

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Safeguarding Korean Export Trade through Social Media-Driven Risk Identification and Characterization

  • Sithipolvanichgul, Juthamon;Abrahams, Alan S.;Goldberg, David M.;Zaman, Nohel;Baghersad, Milad;Nasri, Leila;Ractham, Peter
    • Journal of Korea Trade
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    • v.24 no.8
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    • pp.39-62
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    • 2020
  • Purpose - Korean exports account for a vast proportion of Korean GDP, and large volumes of Korean products are sold in the United States. Identifying and characterizing actual and potential product hazards related to Korean products is critical to safeguard Korean export trade, as severe quality issues can impair Korea's reputation and reduce global consumer confidence in Korean products. In this study, we develop country-of-origin-based product risk analysis methods for social media with a specific focus on Korean-labeled products, for the purpose of safeguarding Korean export trade. Design/methodology - We employed two social media datasets containing consumer-generated product reviews. Sentiment analysis is a popular text mining technique used to quantify the type and amount of emotion that is expressed in the text. It is a useful tool for gathering customer opinions regarding products. Findings - We document and discuss the specific potential risks found in Korean-labeled products and explain their implications for safeguarding Korean export trade. Finally, we analyze the false positive matches that arise from the established dictionaries that were used for risk discovery and utilize these classification errors to suggest opportunities for the future refinement of the associated automated text analytic methods. Originality/value - Various studies have used online feedback from social media to analyze product defects. However, none of them links their findings to trade promotion and the protection of a specific country's exports. Therefore, it is important to fill this research gap, which could help to safeguard export trade in Korea.

Ductility demands of steel frames equipped with self-centring fuses under near-fault earthquake motions considering multiple yielding stages

  • Lu Deng;Min Zhu;Michael C.H. Yam;Ke Ke;Zhongfa Zhou;Zhonghua Liu
    • Structural Engineering and Mechanics
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    • v.86 no.5
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    • pp.589-605
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    • 2023
  • This paper investigates the ductility demands of steel frames equipped with self-centring fuses under near-fault earthquake motions considering multiple yielding stages. The study is commenced by verifying a trilinear self-centring hysteretic model accounting for multiple yielding stages of steel frames equipped with self-centring fuses. Then, the seismic response of single-degree-of-freedom (SDOF) systems following the validated trilinear self-centring hysteretic law is examined by a parametric study using a near-fault earthquake ground motion database composed of 200 earthquake records as input excitations. Based on a statistical investigation of more than fifty-two (52) million inelastic spectral analyses, the effect of the post-yield stiffness ratios, energy dissipation coefficient and yielding displacement ratio on the mean ductility demand of the system is examined in detail. The analysis results indicate that the increase of post-yield stiffness ratios, energy dissipation coefficient and yielding displacement ratio reduces the ductility demands of the self-centring oscillators responding in multiple yielding stages. A set of empirical expressions for quantifying the ductility demands of trilinear self-centring hysteretic oscillators are developed using nonlinear regression analysis of the analysis result database. The proposed regression model may offer a practical tool for designers to estimate the ductility demand of a low-to-medium rise self-centring steel frame equipped with self-centring fuses progressing in the ultimate stage under near-fault earthquake motions in design and evaluation.

Pig production in Latin America

  • Luciano Roppa;Marcos Elias Duarte;Sung Woo Kim
    • Animal Bioscience
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    • v.37 no.4_spc
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    • pp.786-793
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    • 2024
  • Latin America is a culturally, geographically, politically, and economically diverse region. Agriculture in Latin America is marked by a remarkable diversity of production systems, reflecting various agroecological zones, farm sizes, and technological levels. In the last decade, the swine industry increased by 30.6%, emerging as a great contributor to food security and economic development in Latin America. Brazil and Mexico dominate the pig production landscape, together accounting for 70% of sow inventory in the region. The swine industry in Latin America is predominantly comprised of small and medium-sized farms, however, in the past 30 years, the number of pig producers in Brazil dropped by 78%, whereas pork production increased by 326%. Similar to the global pork industry, the growing demand for pork, driven by population growth and changing dietary habits, presents an opportunity for the industry with an expected growth of 16% over the next decade. The export prospects are promising, however subject to potential disruptions from global market conditions and shifts in trade policies. Among the challenges faced by the swine industry, disease outbreaks, particularly African Swine Fever (ASF), present significant threats, necessitating enhanced biosecurity and surveillance systems. In 2023, ASF was reported to the Dominican Republic and Haiti, Porcine Reproductive and Respiratory Syndrome (PRRS) in Mexico, Costa Rica, the Dominican Republic, Colombia, and Venezuela, and Porcine Epidemic Diarrhea (PED) in Mexico, Peru, the Dominican Republic, Colombia, and Ecuador. Additionally, feed costs, supply chain disruptions, and energy expenses have affected mainly the smaller and less efficient producers. The swine industry is also transitioning towards more sustainable and environmentally friendly practices, including efficient feed usage, and precision farming. Ensuring long-term success in the swine industry in Latin America requires a holistic approach that prioritizes sustainability, animal welfare, and consumer preferences, ultimately positioning the industry to thrive in the evolving global market.

Review of Material Flow Analysis Related Activities of Developed Countries for the Improvement of Resources Efficiency and Sustainability (자원 효율성 및 지속 가능성 증진을 위한 선진국 물질흐름분석 관련활동에 대한 평가)

  • Kim, Seong-Yong
    • Economic and Environmental Geology
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    • v.39 no.5 s.180
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    • pp.615-626
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    • 2006
  • The natural resources and material life-cycle include all human activities related to resources and material extraction, transportation, processing, use, recovery and disposal. Sustainable material management (SMM) is an integrated set of policy approaches targeted on economic agents throughout the material life-cycles and designed to result in economically efficient and environmentally effective material use. The material flows of industrial mineral, ores and fossil fuels have also long been a focal area for environmental policies because of the high environmental pressures associated with extraction, processing, consumption, and final disposal of these materials. OECD work on material flow is to improve the quantitative and analytical knowledge bases about natural resource and material flows within and among countries, so as to better understand the importance of material resources in member countries' economies. In several EU Member States, material flow accounts are part of official statistics. Material flow analysis (MFA) is a valuation method which assesses the efficiency of use of materials using information from material flow accounting. Material flow analysis helps to identify waste of natural resources and other materials in the economy which would otherwise go unnoticed in conventional economic monitoring systems. Resource use and resource efficiency has emerged as a major issue for long-term sustainability and environmental policy.

Effect of Cutting Height on Productivity and Forage Quality of Alfalfa in Alpine Area of Korea

  • Kim, Hak Jin;Li, Yan Fen;Jeong, Eun Chan;Ahmadi, Farhad;Kim, Jong Geun
    • Journal of The Korean Society of Grassland and Forage Science
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    • v.41 no.3
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    • pp.147-154
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    • 2021
  • Cutting management has been identified as a critical factor in the alfalfa production systems because it has a significant impact on maximizing yield and maintaining the forage quality. The objective of this experiment was to determine the proper cutting height according to harvesting time for optimizing nutrient yield and forage nutritive quality of alfalfa grown in alpine regions of Korea. Alfalfa was sown at a seeding rate of 30 kg/ha in August 2018 and harvested at four cuttings in 2019 (3 May, 2 July, 11 September, and 13 October). Cutting heights were adjusted at 5, 15, and 25 cm above the soil surface. Alfalfa plant was tallest at the third cutting (109 cm), which was on average 35 cm taller than the first or second cutting. Relative feed value (RFV) remained unaffected by cutting height at the first harvest, but increased consistently in subsequent harvests as cutting height increased. Alfalfa collected at the first and fourth cuttings had the highest RFV (mean 152), which was on average 8 and 67 units higher than the second and third harvests, respectively. At each harvest, in vitro dry matter digestibility was highest in alfalfa cut at a 25-cm height. Dry matter (DM) production at each cutting height was highest in the first cutting, accounting for on average 36-37% of total annual DM production, and lowest in the fourth harvest, accounting for about 11-13% of the total DM yield. The total dry matter production (in four harvests) was 4,218 kg/ha higher when alfalfa was subjected to a cutting height of 5 cm rather than 25 cm. Cutting height had no effect on total crude protein yield, but from the first to fourth cutting, the protein yield followed a decreasing trend. Finally, there were visible declines in forage nutritive quality when alfalfa was cut at a shorter height. However, the magnitude of difference in total forage yield may outweigh the slight decline in forage quality when alfalfa is cut at a lower height. The findings of this study could help the alfalfa growers make better harvest management decisions.

A Study on Methods for Korean Colleges to Participate in Higher Vocational Education Area of Official Development Assistance (국내 전문대학의 고등직업교육 분야 공적개발원조(Official Development Assistance) 참여방안에 관한 연구)

  • Lee, Tae-Jung;Yun, Woo-Young
    • Journal of Digital Convergence
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    • v.19 no.5
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    • pp.47-55
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    • 2021
  • Firstly, our Technical and Vocational Education and Training(TVET) ODA currently uses 70% of its budget on short-term assistance project works without much consideration for continuity from one project to another. Secondly, TVET ODA budget is much too concentrated on hardware support, lowering impact compared to the amount invested. Lastly, there is a lack of research on the needs of recipient nation which leads to lowering effectiveness of TVET ODA. This Study analyzed the characteristics of Korea's TVET ODA through the statistical data analysis of ODA. This study's main focus is to recommend methods for Korean colleges to overcome tendencies and limitations of TVET within Korea's ODA. Colleges have advantages in training students to fit needs of the market and companies based on decades of experience colleges have on academic-industrial collaboration. Colleges can also transfer qualification verification systems to fit the recipient country and dispatch TVET related personnel to strengthen software support. Additionally, the post project evaluation and post job placement management capabilities of colleges can be actively used for post management of TVET projects. I hope that through this study, ways to increase participation of colleges in TVET ODA can be discussed in more variety.

DPay : Distributed-Hash-Table-based Micropayment System for Peer-to-Peer Environments (DPay : 피어-투-피어 환경을 위한 분산 해시 테이블 기반의 소액 지불 시스템)

  • Seo, Dae-Il;Kim, Su-Hyun;Song, Gyu-Won
    • Journal of KIISE:Computing Practices and Letters
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    • v.15 no.10
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    • pp.752-760
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    • 2009
  • Emerging peer-to-peer systems benefit from the large amount of resources provided by many peers. However, many peer-to-peer systems or applications suffer from malicious peers and it is not guaranteed that peers are always online. Micropayment systems are accounting and charging mechanism for buying services, so we can apply them to solve these problems. In the past the majority of micropayment system uses a centralized broker but the problem with most existing micropayment system is a heavy load on the broker. For instance, when an owner of the coin is offline, the broker delegates the owner and handles payment messages. It occurs frequently because of characteristic of peer-to-peer system and is another load of the broker. In this paper we introduce DPay, a peer-to-peer micropayment system that uses distributed hash table (DHT) for storing encrypted payment messages and increases scalability and reduces the load of broker by removing downtime protocol. We show the idea of real-time double spending detection in DPay and report the results of several evaluations in order to compare DPay and other payment scheme. In simulation result, the load of broker in DPay is reduced by 30% on average of other previous payment scheme. We expect that DPay can apply various peer-to-peer systems because it provides a real-time double spending detection and stores more secure payment messages.

The Impact of Organizational Safety Culture on the Resilience Ability : Focused on the Construction Industry (조직의 안전문화가 레질리언스 역량에 미치는 영향 : 건설업을 중심으로)

  • Chu, Chan Ho;An, Kang Min;Baek, Dong Hyun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.3
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    • pp.73-85
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    • 2021
  • The construction industry is considered to be a fatal accident industry, accounting for 28.5% of the total industrial accidents in 2017, as the number of industrial accidents in the construction industry has steadily increased over the past decade. So it is necessary to consider introducing Resilience Engineering, which is actively applied to risky industries around the world, to drastically reduce construction accidents. Although Resilience Engineering, which has emerged as the next-generation safety management centered on Hollnagel since the 2000s, claims the importance of strengthening Resilience abilities considering organizational structure and culture, most studies focus only on developing evaluation indicators. The purpose of this study is to analyze the impact of an organization's safety culture on its Resilience abilities in the construction industry. Specifically, it conducted empirical analysis on the impact of safety culture consisting of 'communication, leadership and safety systems' on the Resilience abilities(responding ability, monitoring ability, learning ability, anticipating ability), and the mediation relationship between leadership, communication, and safety system. The survey was conducted on construction workers, and an empirical analysis was conducted on the final 154 responses using SPSS 25 and Smart PLS 3. The results showed that the safety system had a significant impact on all Resilience Abilities, and communication had a significant impact on the remaining three except for anticipating ability among Resilience Abilities. On the other hand, leadership has been shown to have a significant impact on anticipating ability only. In the verifying of the mediation relationship between leadership, communication and safety systems, it was found that leadership affects all Resilience abilities by means of safety systems, but communication can only affect responding ability. This study has practical significance in that it suggests the need for policy-level efforts to introduce and apply Resilience Engineering and then expanded the effective safety management assessment of the construction industry in the future. Moreover, the academic implications are important in that the study attempted to expand the academic scope for a paradigm shift in the future as the safety culture has identified its impact on the Resilience abilities.