• Title/Summary/Keyword: economic cycle

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Multilateral Nuclear Cooperation in East Asia; The First Step Toward the Formation of a New Cooperation (동아시아 지역에서의 다자간 원자력 협력 방안: 새로운 원자력 협력체제 결성을 위한 첫 번째 제안)

  • Hwang Yong-Soo;Kwon Eun-Ha;Seo Eun-Jin;Whang Joo-ho
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.3 no.3
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    • pp.167-176
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    • 2005
  • Demand on the nuclear energy in East Asian countries has been grown rapidly to support economic development. After 9.11, nuclear security has become the world wide issue. In addition, unlike to other region, some countries are considering the introduction of nuclear power plants. To meet the challenges a new regional multilateral nuclear approach is proposed aiming at assurance of supply and non -proliferation. The new proposal is based on the principles of confidence building, volunteering, and incentives. The step wise approach is recommended to implement the multilateral system in East Asia.

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Profitability and the Distance to Default: Evidence from Vietnam Securities Market

  • VU, Van Thuy Thi;DO, Nhung Hong;DANG, Hung Ngoc;NGUYEN, Tram Ngoc
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.4
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    • pp.53-63
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    • 2019
  • The paper examines the influence of profitability on distance to default (DD) in Vietnam securities market. The investigated sample consists of 211 companies listed on HOSE during 18 years from 2010 to 2017. We apply KMV model to calculate distance to default and use both macroeconomics factors and firm specific factors as independent variables. Using General Least Squared (GLS) method, we find evidence to confirm the positive relationship between profitability and distance to default. This result showed that, although profitability did not directly reflect the cash flow generated, a good profitable enterprise would be an important factor to help facilitate and generate cash flow and at the same time debt was guaranteed when it was due. Besides, the test results revealed that the financial structure and sales on assets have the inverse effect on the distance to default at the significance level of 5%. The results also revealed that a group of macro factors had an influence on the distance to default of businesses, including spread, GDP and trade balance (via exchange rates). Gross domestic income had certain impacts on the distance to default of businesses. This was also a basic indicator measuring the national economic cycle.

A Study on the Influence of Personal Characteristics of Youth Employment on the Preparation for Turnover: Focused on the adjustment effect of experience in failing to get jobs

  • KIM, Jong-Jin;UM, Kyung-Ho
    • The Journal of Industrial Distribution & Business
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    • v.11 no.7
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    • pp.19-28
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    • 2020
  • Purpose: In this study, we would like to confirm that the transfer of young workers may be a means of enhancing their internal satisfaction, not to get a better job, by setting work-related characteristics that are highly relevant to job-related factors. Research design, data, and methodology: In this study, preparation for turnover was set as dependent variables to identify factors related to the turnover of young people, and the type of business, employment type, debt status, job satisfaction, job difficulty compared to education level, job difficulty, job degree, job major agreement, debt status, and other demographic social characteristics were selected as independent variables. Results: The characteristics related to personal criteria in job-seeking process were significant in the form of business, employment type, job satisfaction, work difficulty compared to the level of education, work difficulty compared to the level of technology, job major matching, and debt status. Conclusions: This study confirmed that young people's turnover may not simply be a means to get a better job, but to increase satisfaction in the internal aspects of their jobs, and that for young people, a job is an important development process that represents their identity and needs to be approached from a life-cycle perspective.

Verification Experiment and Analysis for 6kW Solar Water Heating System(Part 3 : Optimum Design and Economic Evaluation) (6kW급 태양열 온수급탕 시스템의 실증실험 및 분석(제3보 최적설계 및 경제성평가))

  • Choi Bong Su;Lee Bong Jin;Kang Chaedong;Hong Hiki
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.17 no.1
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    • pp.16-24
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    • 2005
  • The goal of the present paper is to show the optimum design and operation conditions on 6 kW solar water heating system by using computer simulation with verified modelling. As the object functions, we took not only the amount of acquired and auxiliary heat but LCC, which has a relative importance and decisive role in economy. As expected, the maximum heat is acquired at the slope of collector with the equal degree to the latitude, facing the south. The capacity increase of the circulation pump and the storage tank lead to the increase of acquired heat and the decrease of auxiliary heat, but do not necessarily give economical advantages owing to additional electrical power consumption. In the present system, the minimum LCC can be obtained at the storage tank volume of 450 L and the mass flow rate of 0.344 kg/s.

The Review on the Theory of Internationalization of Multinational Firms and SMEs

  • Kim, Jae-Jin
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.2
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    • pp.49-57
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    • 2018
  • Purpose - to examine the theories related to the internationalization of multinational corporations as well as theories related to internationalization of small and medium-sized enterprises. Research design, data, and methodology - traditional theories, e.g. eclectic paradigm and behavioral theory and product life cycle etc. were examined and recent advances theories - network theory, entrepreneurship - were also examined to outline the theory of internationalization of firm. Results - the main schools of international researches are divided into two; one is the economics school, the other is the behavioral school. The economics school has considered internationalization as a pattern of investment in foreign markets explained by rational economic analysis of internalization, ownership, and location advantages. Apart from the economics approach, a theory relevant to smaller firms highlights slow and incremental overseas market commitment. Recent research on the network perspective is fast emerging and it can be applied and well explained on the internationalization of smaller firms, focusing on firm behavior in the context of a network of interorganizational and inter-personal relationships Conclusions - Small medium-sized enterprises have been recently rising, however, there has still been little consolidation of literature in internationalization and most of the relevant theories have been still focusing on explaining the globalization of multinational corporations. Little studied on the internationalization in the context of smaller firms which are distinctly differentiated from larger firms including international new ventures, which the motivation to study strongly calls for more information and studied on small medium-sized enterprises.

Tenants' Post Occupancy Evaluation in the Mid-sized Rental Apartment (중형 임대아파트 거주자의 거주 후 평가)

  • Lee Sang-Un;Park Kyoung-Ok
    • Journal of the Korean housing association
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    • v.17 no.3
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    • pp.9-18
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    • 2006
  • This study analyzes relevant data based on the mid-sized rental unit. It focuses on how we can set up appropriate mid-sized rental unit plan as its supply has been accelerated over time. The questionnaires used in this study cover a series of categories including site environment, unit plan, neighborhood, economy, and management. The 342 respondents are from the 3-year old apartments at Cheongju. The key findings are as follows. 1) As the average indices including number of family, life cycle, and income under the survey are different in terms of the rental unit sizes between 20 and 30 pyeongs. 2) In general, residents present comparatively high level of satisfaction in terms of residential environments. Their evaluation on the site environment unit plan, and neighborhood is around the average. In contrast, the economic and management efficiency categories are under the average. This study suggests residential guidelines should be derived from tenant differentiation policies dealing with diverse socio-demographic characteristics and satisfaction level. 3) In terms of improvement priority, residents present, higher preference on the management system and site environment. This study advises to establish an appropriate alternative to guarantee effective tenant participation. Considering the lower satisfaction level in the green space, common facilities, and resting space, this study also urges to secure quality control for desirable planning of the mid-sized rental apartments.

A Study on the Development of Decision Support System for Tanker Scheduling (유조선 운항일정계획 의사결정지원 시스템의 개발에 관한 연구)

  • 김시화;이희용
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 1996.04a
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    • pp.59-76
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    • 1996
  • Vessels in the world merchant fleet generally operate in either liner or bulk trade. The supply and the demand trend of general cargo ship are both on the ebb however those trend of tankers and containers are ins light ascension. Oil tankers are so far the largest single vessel type in the world fleet and the tanker market is often cited as a texbook example of perfect competition. Some shipping statistics in recent years show that there has been a radical fluctuation in spot charter rate under easy charter's market. This implies that the proper scheduling of tankers under spot market fluctuation has the great potential of improving the owner's profit and economic performance of shipping. This paper aims at developing the TS-DSS(Decision Support System for Tanker Scheduling) in the context of the importance of scheduling decisions. TS-DSS is defined as a DSS based on the optimization models for tanker scheduling. The system has been developed through the life cycle of systems analysis design and implementation to be user-friendly system. The performance of the system has been tested and examined by using the data edited under several tanker scheduling has been tested and examined by using the data edited under several tanker scheduling scenarios and thereby the effectiveness of TS-DSS is validated satisfactorily. The authors conclude the paper with the comments of the need of appropriate support environment such as data-based DSS and network system for successful implementatio of the TS-DSS.

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A Comparative Study on Characteristics of Household Groups Depending on Decision-making of Current and Planned Credit Card Use (현재와 미래의 신용카드사용의 의사결정에 따른 가정특성에 관한 비교연구)

  • 김정훈
    • Journal of Families and Better Life
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    • v.7 no.2
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    • pp.61-70
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    • 1989
  • The present study investigated characteristics of Korean hourehelds in the expanding stage of the family life cycle depending on decision-making of current and planned credit card use. Households which were selected for this study had at least one dependent child enrolled in primary, middle, or high school, 1998. Regarding current and planned credit card use, credit card holder (n=379) and non-holder (n=259) households and continuous (n=331) and discontinous (n=47) credit card holder households were compared. Comparisons were perfomed by t-test, one-way ANOVA, and X2-test. Related factors were households demographic characteristics, financial management behavior, perceived financial well-being, and attitudes toward credit cards. Findings indicated that holder households tended to be younger, better educated, white-collar workers, and of a higher economic status than non-holders. In comparison to non-holder households, credit card holder households had more favorable atti udes toward credit cards, reported more financial management practices, experienced less financial unbalance, and were more satisfied with their household finaces. Compared to discontinuous credit card holder households, continuous card holder households tended to be larger, have better educated wives and husbands, and have husbands who were white-collar workers. They were more likely to have higher average monthly income than discontinuous holder households. Continuous card holder households also had more favorable attitudes toward credit cards, and more strongly believed and expected financial improvement of their households, compared to discontinuous card holder households.

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Urban-rural Disparities and Related Factors in Rates of Smoking by Korean Adolescents (도시 규모에 따른 남·녀 청소년의 흡연실태 비교 -대도시, 중소도시, 군지역 중심으로-)

  • Yu, Jung-Ok;Jung, Hee-Young;Kim, Young-Mi;Kwon, Soo-Ja
    • Journal of Korean Academy of Rural Health Nursing
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    • v.8 no.1
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    • pp.33-41
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    • 2013
  • Purpose: The study was done to explore relationships between residential areas and smoking rates and to identify related factors contributing to smoking in Korea adolescents. Methods: An analysis was done of smoking rates and socioeconomic position indicators by city size based on a 2012 cross-sectional nationwide online survey conducted with 74,186 Korean middle and high school students aged 12-18 years old. Data were analyzed using x2-test and multiple logistic regression with the SPSS/WIN18.0 program. Results: Analyses revealed that rural boys were more likely to be current smokers compared to metropolitan boys (odds ratio 1.18, 95%-confidence interval 1.01; 1.38) but residential areas and smoking rates among girls were not related. After adjusting for covariates, results showed that city size, Family affluence score, economic status, parents' education level, living with parents, school type, and school achievement were related to increased an proportion of adolescents who smoked. Conclusion: In conclusion, rural living is a determinant of smoking among boys. Tobacco control programs should recognize differences in living conditions between rural and urban areas.

The Real-time Health Monitoring System of a Cable-stayed Bridge Based on Non-destruction Measurement (비파괴계측에 의한 사장교의 공용간 상시안전감시시스템)

  • Choi, Man-Yong;Kang, Kyung-Koo;Kim, Jong-Woo
    • Journal of the Korean Society for Nondestructive Testing
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    • v.22 no.3
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    • pp.239-245
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    • 2002
  • Many civil and infrastructures continue to be used despite aging and the associated potential for damage accumulation. Therefore, the ability to monitor the health of these systems is becoming increasingly important. The purpose of this paper is to propose a real-time health monitoring system of cable-stayed bridge, based-on non-destructive measurement. And also this paper focuses on the safety assessment for bridge from health monitoring system to accomplish this safety assesment. Using the proposed health monitoring system, it helps bridge maintenance and reduces the economic cost of a life-cycle costs. Also it give important data to develop the design and analysis method for cable-stayed bridges.