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Empirical Analysis on Exchange Rate Determination in Global Foreign Exchange Markets : The Case of 10 Major Countries (글로벌 외환시장의 환율 결정구조 분석에 관한 실증연구 : 주요 10개국을 중심으로)

  • Rhee, Hyun-Jae
    • International Area Studies Review
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    • v.14 no.3
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    • pp.221-246
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    • 2010
  • The paper is basically attempted to reveal a mechanism of exchange rate determination in global foreign exchange markets. For a theoretical framework, uncovered interest rate parity(UIRP), covered interest rate parity(CIRP), and real interest rate parity(RIRP) are tentatively adapted, and GARCH-M model is employed for an econometric methodology. Empirical evidence shows that the UIRP is superior to others, and the RIRP is better than the CIRP in explaining how exchange rates are determined in global exchange markets. All of them, however, is not fully supported by economic theories. Following Frankel(1989), country premium, volatility premium, and currency premium are evaluated to see if which premium is a crucial in disturbing the RIRP, and it is found that country and currency premiums are a major components in disturbing the RIRP. To this end, market-oriented and market-determined systems has to be built to avoid currency disputes which is undergoing hot issue in global foreign exchange market.

Strategies to Increase Domestic Lettuce Circulations through Improving Valuable End-User Traits (고부가가치 맞춤형 상추품종 개발을 통한 국내 상추유통 제고 전략)

  • Kim, Tae-Sung;Jang, Young-Hee;Hwang, Hee-Joong
    • Journal of Distribution Science
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    • v.16 no.8
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    • pp.63-68
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    • 2018
  • Purpose - Lettuce (Lactuca sativ L.) is one of the economically important vegetable crops, which worldwide market value is over 100 billion U.S. dollar. In Korea, about 89.7 kilo ton of lettuce was produced in 3400ha in 2016, recoded as No. 1 vegetable crop in domestic green house production. However, recently, domestic lettuce production and cultivation areas are all getting decreased. Thus, novel approaches are needed to be implemented to revive the production. Research design, data and methodology - In this review paper, we first prioritized the end-user traits which are imperative to positively stimulate the domestic lettuce market and discussed relevant genomics strategies. Especially, we assessed a possibility whether school meal program would be a potential niche market. Results - The genomics technologies, which become widely applied in the crop biotechnology since 2008 when next generation sequencing method was developed, may be a good solution in the crop improvement, efficiently gathering valuable information of agriculturally useful traits. Significantly, in lettuce, the high quality whole genome sequence, based on Lactuca sativa cv. Salinas, is publically available and this genomics platform, thus, would be implemented in lettuce breeding program to innovate relevant end-user traits both for the farmers and customers, including the disease resistance to the Fusarium wilt, productivity under hot weather conditions, various nutritional qualities and so forth. These improvements will boost domestic lettuce industries in the near future. Conclusions - Due to the nutritional distinctions comparing to the western style lettuces, domestic leaf lettuces could be one of the important vegetables in the school meal programs. To make it happen, we would better devise diverse recipes to make a salad with it, instead of only using as a wrap vegetable. Meanwhile, novel lettuce varieties need to be developed, which are favorable to the students and also easy to be handled with while processing. Overall, to achieve international competence in the lettuce industries, we need to create elite lettuce varieties that satisfies domestic farmers as well as customers, suitable to various niche markets, such as school meal program. Thus, efficient breeding programs using genomics approaches should be established in advance and careful monitoring on the preference of the related customers for a niche market be continued persistently.

Quality Changes of the Extracts of Salt-Fermented Ammodytes personatus during the Storage (까나리 염장품 추출물 저장 중의 품질 변화)

  • 이혜정;공용우;김종규
    • Journal of the East Asian Society of Dietary Life
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    • v.14 no.3
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    • pp.257-264
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    • 2004
  • The quality changes of the extracts of salt-fermented Ammodytes personatus during the storage were examined at 1 month interval during 3 months fermentation period. To prepare the extracts of Ammodytes personatus, 17%, 20% and 25% salt were added respectively and then stored for 3 months at room temperature and then extracted with hot water. During the storage, moisture and lipid contents of the samples decreased, but the crude protein contents increased gradually. On the other hand, ash content and pH showed little changes during the fermentation storage. After 6 months fermentation, the extracts of salt-fermented Ammodytes personatus were rich in free amino acids, such as glutamic acid, alanine, lysine, leucine, isoleucine, valine and aspartic acid in the order. As the fermentation progressed, the fish odor, turbidity, salty taste, savory flavor and overall preferences were similar to those of Ammotlytes personatus sauce in the market. The total cell numbers were 450∼570 cfu/mL at 0 day, but there were none revealed during the fermentation.

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A Study on Vehicle Frontal Structure for Crash Compatibility (상호 안전성 대응 차체 전방 구조에 관한 연구)

  • Shin, Jangho;Kim, Yun Chang;Kim, Hye Yeon
    • Journal of Auto-vehicle Safety Association
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    • v.3 no.2
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    • pp.11-16
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    • 2011
  • In recent years, rapid-increasing market share of compact cars and SUVs has brought for both consumer and automaker to pay more attention on crash compatibility between the compact passenger vehicles and the light trucks (i.e., Pickups and SUVs). Vehicle compatibility regarding both self and partner protection in frontal crash of different class vehicles is one of hot issues in vehicle safety. Furthermore, it is expected that the amendment of UNECE-Regulation 94 to implement compatibility issues in couple of coming years. In this study, conceptual design of compatibility compliant frontal vehicle structure which subjects to improve? the distribution of frontal crash loading and structural engagement between vehicles is introduced. The effects of proposed vehicle structure on both possible candidates (i.e. FWRB, FWDB and PDB) for a compatibility evaluation test procedure and car-to-car crash are also investigated.

Manufacturing Technologies and Applications of Steel Strip Products (철강 압연제품의 제조기술 및 응용)

  • 권오준
    • Proceedings of the Korean Society for Technology of Plasticity Conference
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    • 1999.08a
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    • pp.10-21
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    • 1999
  • Recent progress in manufacture of hot and cold rolled steel strip products and their applications were reviewed. The main trend in the technological development has been to meet the customers' requests for quality improvement and cost reduction. The weight reduction to reduce the fuel consumption is the main issue in the automotive industry and, therefore, various steels have been developed to improve formability as well as strength. The steels include super-EDDQ steels, bainitic steels, TRIP steels, etc. In the oil industry, efforts have been focused to improve strength together with either low temperature toughness or HIC/SSCC resistance. The packaging industry is also a highly competitive market, and steel and canmaking companies have worked cooperatively to develop cost-effective canmaking processes as well as high performance steels. This type of cooperation has also been found important in other industries such as the appliance and electronic industries for the benefits of both steelmakers and customers.

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A Basic Study on the Solution of Maintenance Problems for the Improvement Residential Satisfaction in Apartment House (거주자 중심의 공동주택 주거만족도 향상을 위한 유지관리 문제점 개선방안에 관한 기초연구)

  • Jung, Jung-hee;Byun, Jeong-Yoon;Seo, Hee-Chang;Kim, Ju-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.345-346
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    • 2012
  • The Korean construction market and housing policy have been increasingly focusing on supplier. As opposed to houses in private areas, Apartment House using the common infrastructure such as elevators, electrical facilities, heating system and hot water supply system need joint management. Their management usually depends on the resident cooperation or outsourcing. On this study, I investigated the level of satisfaction of Apartment House residents and its managing personnel, the conditions of its management, and analysed the important factors which influence the degree of residence satisfaction with respect to its maintenance and management.

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The Analysis of a Potential Solar Energy Resource Map (태양에너지 가용잠재량 자원지도 분석)

  • Jeong, Jong-Chul
    • Journal of Environmental Impact Assessment
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    • v.21 no.4
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    • pp.573-579
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    • 2012
  • Many countries have recently been expanding efforts for low-carbon global economy to solve the problem of global warming. Development and research for various types of new reusable energy is on the rise throughout the world. The most promising source of energy is the solar photovoltaic energy and the government take an initiative to establish both short-term and long-term policies to develop the solar energy potential resource map. The solar energy and industrialize area researched by GIS methods for optimum site for solar power transfer system. This study attempts to address the hot issue of the development and suitability of the solar photovoltaic energy site using GIS spatial analysis. We need to analyze and describe the solar technology, green energy policies and the energy market trend of the field.

Optimization of the Processing Parameters for Green Banana Chips and Packaging within Polyethylene Bags

  • Mitra, Pranabendu;Kim, Eun-Mi;Chang, Kyu-Seob
    • Food Science and Biotechnology
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    • v.16 no.6
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    • pp.889-893
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    • 2007
  • The demand of quality green banana chips is increasing in the world snacks market, therefore, the preparation of quality chips and their subsequent shelf life in packaging were evaluated in this study. Banana slices were fried in hot oil to the desired moisture content (2-3%) and oil content (40%) in chips at 3 different temperatures, and the impact of different pretreatments were compared by sensory assessment. A linear relationship between time and temperature was used to achieve the optimal processing conditions. Banana slices fried at the lower temperature of $145^{\circ}C$ took longer to reach the desired chip qualities, but gave the best results in terms of color and texture. Blanching was the most effective pre-treatment for retaining the light yellow color in finished chips. For extending the shelf life of chips, moisture proof packaging in double layer high density polyethylene was more effective than single layer low density polyethylene.

A Study of the relation program with employment and education for the disabled vocational rehabilitation - demand analysis about the labor market on chounan city - (맞춤식 고용/교육 연계 프로그램에 관한 연구 - 천안시 장애인 노동시장 수요 분석을 통한 -)

  • Jo, Seon-Gu
    • 한국디지털정책학회:학술대회논문집
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    • 2007.06a
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    • pp.397-408
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    • 2007
  • Recently, The employment for the disabled vocational rehabilitation is to be a hot issue. and there is many of the proposal how to ways. But many of the disabled vocational rehabilitation is not employed and then, first of all, we have a survey about. The employment for the disabled vocational rehabilitation on chonan city of korea. And we got that. The side of company and the side of the disabled vocational rehabilitation have a many problem for the employ. and there is the need of education for employ. We want to propose to good idea good condition employment for the disabled vocational rehabilitation. With the relation program with employment and education for the disabled vocational rehabilitation, they get a good condition jog. This proposal is to be the base study for the disabled vocational rehabilitation with the employment. This study attempts to suggest developmental framework of employment innovation model to vitalize the disabled vocational rehabilitation.

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Integration of QFD and TRIZ to Solve the Inventive Problem in the Design Process (QFD와 TRIZ의 통합에 의한 설계 단계에서의 창의적 문제 해결 방안)

  • Jeong, Hai Sung
    • Journal of Applied Reliability
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    • v.13 no.3
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    • pp.153-163
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    • 2013
  • QFD(Quality Function Deployment) is a very important tool to improve market share by reducing the gap between the voice of customer and the product's performance. But QFD is not a problem solving tool, although it is very useful in identifying what has to be solved or improved in order to meet the customer's desires. TRIZ has proved to be a very strong tool to solve the difficult problems that requires inventive thinking. QFD integrated with TRIZ becomes hot research recently. But merely linking between HOQ(House of Quality) in QFD and the contradiction matrix in TRIZ can not provide designers with a concrete method to solve the technical problem in the design process. Practically, the contradiction matrix and 40 inventive principles are not helpful for solving the technical problem. To solve the technical problem using TRIZ, a search for the tool and the object involved in the problem is made, from which the wanted result should be derived. A practical method to integrate QFD and TRIZ is proposed in this paper.