• Title/Summary/Keyword: future strategy

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Future Development Strategies for East Asian Journal of Business Economics

  • Byoung-Goo KIM
    • Journal of Research and Publication Ethics
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    • v.4 no.2
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    • pp.13-17
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    • 2023
  • Purpose: EAJBE is actively responding to changes in academic paradigms at domestic and abroad and is carrying out measures to maximize synergy effects between academic fields with the goal of being at the world level. This study aims to present a developmental strategy for EAJBE to grow into an academic journal with international public trust and prepare for future changes. Research design, data and methodology: This paper identifies the current status from the first issue of EAJBE to the present, and analyzes the overall development strategy and direction. Results: EAJBE continues to strengthen long-term investment for internationalization and activities to attract members of excellent scholars. Specifically, first of all, EAJBE aims to operate responsible academic journals, such as guaranteeing the long term of the president of the academic society, the chairman of the editorial board, and the editor-in-chief. EAJBE also focuses on expanding investment for internationalization from a long-term perspective. Finally, EAJBE actively strives for academic exchanges between scholars abroad and at home. Conclusions: EAJBE was indexed in the KCI of the Korea Research Foundation and currently operates a rigorous academic journal to be indexed in the SCOPUS. Already, EAJBE is doing its best to become a successful model for Korean academic journals. EAJBE's path forward will be the first one that no academic society has ever reached as the world's top academic journal.

Strategy to coordinate actions through a plant parameter prediction model during startup operation of a nuclear power plant

  • Jae Min Kim;Junyong Bae;Seung Jun Lee
    • Nuclear Engineering and Technology
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    • v.55 no.3
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    • pp.839-849
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    • 2023
  • The development of automation technology to reduce human error by minimizing human intervention is accelerating with artificial intelligence and big data processing technology, even in the nuclear field. Among nuclear power plant operation modes, the startup and shutdown operations are still performed manually and thus have the potential for human error. As part of the development of an autonomous operation system for startup operation, this paper proposes an action coordinating strategy to obtain the optimal actions. The lower level of the system consists of operating blocks that are created by analyzing the operation tasks to achieve local goals through soft actor-critic algorithms. However, when multiple agents try to perform conflicting actions, a method is needed to coordinate them, and for this, an action coordination strategy was developed in this work as the upper level of the system. Three quantification methods were compared and evaluated based on the future plant state predicted by plant parameter prediction models using long short-term memory networks. Results confirmed that the optimal action to satisfy the limiting conditions for operation can be selected by coordinating the action sets. It is expected that this methodology can be generalized through future research.

A Study on Elements of CM Firms' Competitive Strategy (경쟁전략요소에 대한 CM기업의 인식에 관한 연구)

  • Baek, Seung-Ryong;Kim, Han Soo
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.122-130
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    • 2013
  • As the level of competition has increased in the construction management market, it becomes a critical issue for CM firms to secure competitive edges. The objective of the study is to investigate elements of competitive strategy as perceived by CM firms and to discuss key features and implications. Michael Porter's Competitive Strategy Model was used as a framework to analyse the elements under three strategy categories. A major finding includes that Differentiation Strategy is generally perceived most important strategy category but, depending on the group to which a CM firm belongs, there exist a gap in the perception. However, regardless of the group, Cost Leadership is commonly considered least important strategy category. In particular, lowest-bidding strategy element showed the least importance. Understanding CM firms' perceptions on elements of competitive strategy provides an insight into CM firms' current strategy directions and can be useful for future tuning in a firms' own strategy.

Future Direction of ROK Navy's Maritime Strategy based on the Recognition and Expansion of Maritime Sphere (해양공간 인식과 확장의 관점에서 본 한국 해양전략의 발전 방향)

  • Jung, Gwang-Ho
    • Strategy21
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    • s.44
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    • pp.142-176
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    • 2018
  • So far, the main threat to South Korea was North Korea. That is why South Korea established a strategy based on the threat of North Korea and most of the budget on defense was used to deter North Korea. Even though the neighboring countries(China, Japan, and Russia) are growing as a real threat with abilities and intentions based on their powerful naval forces, South Korea has not yet been able to establish a strategy that regards neighboring countries as a threat. But the decades-old structural mechanism of the Korean security environment is undergoing a radical change on April 27, 2018, through the South-North summit and the Panmunjom Declaration. Under the changing security environment, South Korea was placed in a complicated dilemma that had to deal with threats of two axes(China), three axes(China, Japan), and four axes(Japan, Russia). If the one axis threat(North Korea) is dominated by land threats, the second, third and fourth axis threats are threats from the sea. This paper analyzed the maritime strategy of Korea within the framework of maritime-geopolitics, in other words recognition and expansion of the sphere of maritime. I have designed that the maritime defense space that we can deny from threats is divided into three lines of defense: 1 line (radius 3,000km), 2 lines (2,000km), and 3 lines (1,000km). The three defense zones of the three lines were defined as an active defense(1 line), defensive offense(2 line), active offense(3 line). The three defense zones of the three lines were defined as the sphere of core maritime, As a power to deny the sphere of core maritime, it was analyzed as a maneuvering unit, a nuclear-powered submarine, the establishment of missile strategy, and the fortification of islands station. The marine strategy of South Korea with these concepts and means was defined as 'Offensive Maritime Denial Strategy'.

Backcasting of Future Energy Service Industry based on Energy-A ICBM technology Convergence (에너지-지능정보기술 융합에 따른 미래 에너지 서비스 산업 예측 연구)

  • Lee, Jungwoo;Yang, Jae-Suk
    • Journal of the Korea Convergence Society
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    • v.9 no.7
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    • pp.33-40
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    • 2018
  • The convergence of intelligent information technology and energy technology affects many stakeholders because it involves not only technology itself but also social, institutional and organizational changes. Therefore, it is necessary to develop a back-casting approach to create a new industry that deviates from the path dependence on the traditional energy industry. This study examines the changes in the future energy industry that intelligence information technology will bring, and then we derived the future energy service model that can satisfy the energy policy goals from the national perspective and the interests of each stakeholder at the same time. After that, we analyzed the technical prerequisites for the realization of future energy services and presented the specific configuration technology and the areas that require R&D investment at present.

Future vision of the Korean society of water and wastewater in water sector (상하수도 미래비젼과 대한상하수도학회의 역할)

  • Kim, Geon-Ha;Hyun, In-Hwan
    • Journal of Korean Society of Water and Wastewater
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    • v.32 no.6
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    • pp.551-557
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    • 2018
  • Since its foundation in September 1986, the Korean Society of Water and Wastewater has made a significant contribution to the water sector in Korea over the past 30 years. The 30th anniversary commemorative committee reviewed the establishment goal of the society and its development strategy for organization and present the "Future Vision of Korean Society of Water and Wastewater" for the next 30 years. The future vision of the society is defined as "Aiming for the healthy life and preservation of the environment through the development of water and wastewater technology and experience". Promotion strategies for implementing the future vision are as follows: 1. Leading water and wastewater technology, 2. Develop water and wastewater policy, 3. Strengthen water and wastewater capacity, 4. Reinforce institutional governance. The driving target to be achieved through the implementation strategy is "To lead the global standards of water and wastewater." We also presented national issue, policy issue, and technical issues in the water sector. Climate change, unified Korea, water safety, and national welfare were selected as national issues related to water and wastewater. This approach was taken from the perspective of policy consumers such as citizens, civil society, experts, and local government/industry. By presenting policy issues and technical issues that address national issues, authors have proposed a future policy direction for the Korean Water and Wastewater Society to make critical contributions to national development.

The Way to Use Information on Long-term Returns: Focus on U.S. Equity Funds (장기 수익률 정보의 활용 방안: 미국 주식형 펀드를 대상으로)

  • Ha, Yeon-Jeong;Oh, Hae-June
    • Asia-Pacific Journal of Business
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    • v.13 no.1
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    • pp.167-183
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    • 2022
  • Purpose - The purpose of this study is to show the need to use the past long-term returns for investment decisions in U.S. equity funds and to suggest an investment strategy using long-term returns. Design/methodology/approach - This study solves the problem of high return volatility in long-term returns and proposes new investment portfolios based on the behavior of fund investors according to past returns. For the investment portfolio of this study, 60 months are divided into several periods and the average of the performance ranks for each period is used. Findings - First, funds with high average returns over multiple periods have lower future outflows and higher future returns than funds with high 60-month cumulative returns. Second, funds with low average returns over multiple periods have lower future inflows and lower future returns than funds with low 60-month cumulative returns. The findings mean that when making decisions based on past long-term returns, it is a smarter investment choice to buy funds with high average returns over multiple periods and sell funds with low average returns over multiple periods. Research implications or Originality - This study shows that it is necessary to use long-term returns in fund investment by analyzing the characteristics of the portfolio based on past returns. In addition, the study is meaningful in that it suggests a way to use long-term returns more efficiently based on the behavior of fund investors and shows that such investments lead to higher returns in the future.

A study on the direction of Service Strategy according to the change of Mobility Paradigm -focused on the Korean Millennials (모빌리티 패러다임 변화에 따른 서비스 전략 방향성 연구 -한국 밀레니얼 세대를 중심으로)

  • Sung, Sora;Lee, Jiyoun;Nah, Ken
    • Journal of Digital Convergence
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    • v.18 no.7
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    • pp.375-381
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    • 2020
  • The purpose of this study is to observe the meaning of the movement recognized by the millennials to derive the direction of the future mobility service strategy according to the change in the mobility paradigm. To do this, the concept of mobility was understood and related cases were analyzed. The characteristics of the millennials were theoretically summarized, and an in-depth interviews were carried out with 25 Korean millennials to analyze the emotion. As a result, it was observed that mobility is not just a movement, but a movement with a pleasant experience for them, and its meaning is being extending as an experiencing good that satisfied emotions, which makes life luxurious. To establish a mobility service strategy that satisfies them First, it is necessary to make an effort to curate a mobility life suited to different emotions. Second, a strategy is required to show the language and image with emotion as a service. Third, it is necessary to play the role of an expert leading the future mobility life to be realized through connection with various fields. We expect that this study will be used as fundamental data for establishing a future mobility service strategy.

A Study on Calculating the Weights of Impact Factors to Develop Energy Technology Strategy for the Future - Based on the AHP - (미래전략 에너지기술개발 영향요인 중요도 산출 - AHP 적용 중심으로 -)

  • Hong, Sung-Jun;Choi, Bong-Ha;Park, Sang-Yong;Lee, Deok-Ki;Park, Soo-Uk
    • 한국신재생에너지학회:학술대회논문집
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    • 2008.05a
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    • pp.91-94
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    • 2008
  • In this paper, we searched for impact factors by brainstorming and calculated the weights of them using the Analytic Hierarchy Process(AHP) method in order to develop energy technology strategy for the future. AHP is a useful method for evaluating multi-criteria decision making problems. We selected 3 criteria(possibility of success for developing technology, application of the technology, technical spin-off) and 10 sub-criteria. According to the result in this study, the most important sub-criterion is the possibility of commercialization, the second is the possibility of developing the fundamental technology, and the third is the possibility of convergence technology. The other side, the lowest important sub-criterion is the difference of technical standards as compared with advanced countries.

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Strategy for the Successful Bio-venture in GMO Environment (성공적인 바이오벤처의 경영전략)

  • Park, Han-Oh
    • Proceedings of the Korean Society of Plant Biotechnology Conference
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    • 2003.04a
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    • pp.31-36
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    • 2003
  • Bio-venture companies have undertaken harsh environment after 2000 bubble corruption. It is unlike to be changed in the near future. The business model of near-term cash flow, financial stability and survival is a key issue to be discussed. The company shall be rearranged to achieve fast recovery from investment and have to show clear and quantitative business model to the investors. Nevertheless, bio-venture should not drop long-term value creation by sacrificing the possibility of emerging technologies. Prior to clarifing agro-bioventure business model, GMO strategy should have broad supports from stakeholders. The interests and worries of stakeholders are discussed and SWOT is analyzed. For sustainable economy of future, new technology continuously should be invested to fit ROI model of genomics-based GMO developments. Hybrid of products ${\varepsilon}$ technologies may be one of the favorites in this stormy season.

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