• Title/Summary/Keyword: inflation

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Transition from Cost Minimizing Management to Cost Pass-along Management in U.S. Manufacturing Industries (미국 공업에 있어서 비용 극소화 관리로 부터 비용 전가식 관리로의 변천)

  • Hong, Byeong-Yu
    • Journal of Korean Institute of Industrial Engineers
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    • v.6 no.1
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    • pp.9-15
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    • 1980
  • By the mid 1960's the rate of productivity growth in the manufacturing industries of the United States reached the lowest level ever recorded in the American economy. As a result the cost-offsetting operations that had been a century-long part of cost minimizing became less feasible. U.S. manufacturing firins apparently embarked on a pattern of a cost pass-along management. Accounting for price variation as a function of a shift from cost minimizing to cost pass-along is the main subject of this investigation. An econometric model of the inflation process is presented which indicates a clear shift in the modal behavior of manufacturing industries from cost minimizing (1948-1964) to cost pass-along (1965-1975). The latter behavior, initially triggered by the drag of resource diversion on the productivity growth process, undermines the pressure toward productive efficiency that is at the core of industrial engineering, and at the center of U.S. industry's ability to remain competitive.

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Research Status of Sail Propulsion using the Solar Wind

  • Funaki, Ikkoh;Yamakawa, Hiroshi
    • Proceedings of the Korean Society of Propulsion Engineers Conference
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    • 2008.03a
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    • pp.583-588
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    • 2008
  • A spacecraft propulsion system utilizing the energy of the solar wind was reviewed. The first plasma sail concept was proposed by Prof. Winglee in 2000, and that was called M2P2(mini-magnetospheric plasmapropulsion). However, the first M2P2 design adopting a small(20-cm-diamter) coil and a small helicon plasma source design was criticized by Dr. Khazanov in 2003. He insisted that: 1) MHD is not an appropriate approximation to describe the M2P2 design by Winglee, and with ion kinetic simulation, it was shown that the M2P2 design could provide only negligible thrust; 2) considerably larger sails(than that Winglee proposed) would be required to tap the energy of the solar wind. We started our plasma ssail study in 2003, and it is shown that moderately sized magnetic sails can produce sub-Newton-class thrust in the ion inertial scale(${\sim}70$ km). Currently, we are continuing our efforts to make a feasibly sized plasma sail(Magnetoplasma sail) by optimizing the magnetic field inflation process Winglee proposed.

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Threshold-asymmetric volatility models for integer-valued time series

  • Kim, Deok Ryun;Yoon, Jae Eun;Hwang, Sun Young
    • Communications for Statistical Applications and Methods
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    • v.26 no.3
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    • pp.295-304
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    • 2019
  • This article deals with threshold-asymmetric volatility models for over-dispersed and zero-inflated time series of count data. We introduce various threshold integer-valued autoregressive conditional heteroscedasticity (ARCH) models as incorporating over-dispersion and zero-inflation via conditional Poisson and negative binomial distributions. EM-algorithm is used to estimate parameters. The cholera data from Kolkata in India from 2006 to 2011 is analyzed as a real application. In order to construct the threshold-variable, both local constant mean which is time-varying and grand mean are adopted. It is noted via a data application that threshold model as an asymmetric version is useful in modelling count time series volatility.

The Relationship Between Financial Condition and Business Cycle in Mongolia

  • Doojav, Gan-Ochir;Purevdorj, Munkhbayar
    • East Asian Economic Review
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    • v.23 no.2
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    • pp.203-223
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    • 2019
  • This paper examines the interactions between financial conditions and business cycles in Mongolia, a small open economy, heavily depending on commodity exports. We construct two financial conditions indexes based on the reduced form IS model and the vector autoregression (VAR) model as surveillance tools to quantify the degree of the financial conditions. We find that real short-term interest rate and real effective exchange rate gap get a higher weight in the FCIs. Both business and financial cycles are often more pronounced in Mongolia, and financial condition is dependent of the financial and monetary policies in place. The analysis of the predictive power of the FCIs for business cycles shows that they have predictive information for the near-term economic activities. FCIs are also helpful in signaling inflation turning points.

Falsifying LCDM: model-independent tests of the concordance model of cosmology

  • L'Huillier, Benjamin
    • The Bulletin of The Korean Astronomical Society
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    • v.44 no.1
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    • pp.56.1-56.1
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    • 2019
  • The concordance LCDM model has been very successful at reproducing a wide range of observations. However, the nature of its main components, such as dark energy, dark matter, and inflation, are still unkown. Therefore, it is of prime importance to question the underlying hypotheses of the model and tests there prediction. While most constraints have been obtained assuming a LCDM universe, model-independent approaches, which do not make assumptions regarding the model, are a powerful approach. To falsify the LCDM model, I applied model-indepedent methods to the latests available data to test different aspects of the concordance model, such as the FLRW metric, the curvature, dark energy as the cosmological constant, and gravity as general relativity. The Universe is consistent with flat-LCDM with GR. However, at z>1, tensions start to appear, and more data are required.

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How does FDI promote Economic Growth: Evidence from Mekong River Countries? (FDI가 어떻게 경제 성장을 촉진하는가?: 메콩강 주변국 연구)

  • Nguyen, Thi-Thanh-Tuyen;Choi, Chang Hwan
    • Korea Trade Review
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    • v.44 no.6
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    • pp.247-265
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    • 2019
  • This research focuses on the influences of FDI on the economic growth of four countries by Mekong river: Vietnam, Laos, Cambodia and Thailand. At the same time, the study also analyzes the contributing of economic growth to attract FDI inflow to these countries. The panel data during the period 1998-2017 were collected from World Bank. Empirical analysis figures out that GDP, mobile phone, labor force are the determinants affecting positive to FDI and vice versa exchange rate, wage are the negative factors. Secondly, FDI, export, exchange rate, government expenditure impact positively on economic growth but inflation and population have negative effect on the economic development. Thirdly, The FDI and economic growth have impact mutually in Vietnam, Laos, Cambodia and Thailand economy. FDI plays a very crucial role in contributing greatly to the economic development of the Mekong sub-region. The economic growth is higher, the FDI inflow is more attractive. From the results, some practical suggestions are offered to enhance the competitiveness in attracting FDI.

Sustainable Healthcare System Needs to be Rebuilt (지속 가능한 의료시스템 재건이 필요하다)

  • Lee, Sun-Hee
    • Health Policy and Management
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    • v.32 no.3
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    • pp.245-246
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    • 2022
  • Concerns about a global economic recession are rising following the coronavirus disease 2019 (COVID-19) pandemic. Accordingly, government entities, which are committed to overcome two barriers to severe inflation and economic recession, are showing high interest in spending management so as not to undermine fiscal soundness. Since the health care sector especially accounts for a large proportion of fiscal expenditure, it should be managed in a manner that the expense is appropriately spent. The National Health Insurance System and Healthcare System have secured international competitiveness and reliability by effectively responding to the COVID-19 pandemic. Likewise, considerable efforts should be made to reorganize the welfare and healthcare systems so that they can be sustainable during the post-COVID-19 era and the recession.

Smart Factory Promotion and Operation Analysis in the 4th Industrial Revolution Environment

  • Lee, Seong-Hoon;Lee, Dong-Woo
    • International journal of advanced smart convergence
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    • v.11 no.3
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    • pp.42-48
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    • 2022
  • Currently, the world is facing severe inflation due to Corona and the war in Ukraine, and it is causing a lot of difficulties for us. Companies are facing a lot of restrictions on their economic activities compared to the past due to supply chain problems and foreign exchange rates. In this situation, many countries have been implementing various smart factory promotion projects to secure competitiveness through productivity improvement in the manufacturing industry. In this study, the contents of smart factory promotion in major countries were reviewed, and problems raised about the implementation of smart factory in Korea, which are being implemented based on this, were described. It is most reasonable to judge the success of a smart factory by the achievement of the performance indicators presented at the time of the project. Therefore, based on the performance index of the business, which is a key factor in determining the success or failure of a smart factory, we investigated whether the company's smart factory promotion can be carried out successfully through examples

Simulation Study on the Effect of Pre-blow Timing on the Injection Stretch Blow Molding

  • Dong-Hae Choi;Kyoung Woo Nam;Min-Young Lyu
    • Elastomers and Composites
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    • v.57 no.4
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    • pp.138-146
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    • 2022
  • Research on the reduction of plastic use to prevent environmental pollution is urgently needed. Accordingly, studies on reducing the weight of polyethylene terephthalate (PET) bottles are currently being conducted. PET bottles are fabricated by injection stretch blow molding. In this study, stretch blow molding for fabricating PET bottles using preform studied through a computer simulation. Blowing characteristics are analyzed by varying the start time of the pre-blow, which is one of the process conditions of stretch blow molding. Simulation results and the preform inflation process are presented, and the parameters of stretch ratio, stretching path, thickness distribution, and weight distribution of blown PET bottles are investigated.

Selecting Marketing Variables for the Overseas Expansion of a Foodservice Company (해외진출 외식기업의 시장고려 변수 선정)

  • Shin, Sun-Hwa;Han, Kyung-Soo
    • Journal of the Korean Society of Food Culture
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    • v.25 no.6
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    • pp.755-763
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    • 2010
  • The purpose of this study was to select market variables that a foodservice company should consider when expanding overseas and to regional market analysis by variables. Twenty-three different variables were derived from 17 previous studies. These were: population, urbanization rate, women employed, enrollment in tertiary education, gross domestic product, value added by service, total number of mobile cellular telephone subscribers, number of internet users, total Asian highway, inward foreign direct investment, total service imports, inflation rate, international tourist arrivals, energy use by industry, growth rates of the food consumer price index, access to urban sanitation, per capita total expenditure on health, male life expectancy at birth, adult literacy rate, contributing women family workers, passenger car, and country risk assessment. The selected variables were collected as secondary data from the UN, Asian Development Bank, International Bank for Reconstruction and Development, and Michigan State University.