• Title/Summary/Keyword: spot market

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A Study on the Power Management Algorithm of Centralized Electric Vehicle Charging System (중앙제어기반 전기자동차 충전시스템의 에너지관리 알고리즘에 관한 연구)

  • Do, Quan-Van;Lee, Seong-Joon;Lee, Jae-Duck;Bae, Jeong-Hyo
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.3
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    • pp.566-571
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    • 2011
  • As Plug-in Hybrid Vehicle and Electric Vehicle (PHEV/EV) take a greater share in the personal automobile market, their high penetration levels may bring potential challenges to electric utility especially at the distribution level. Thus, there is a need for the flexible charging management strategy to compromise the benefits of both PHEV/EV owners and power grid side. There are many different management methods that depend on the objective function and the constraints caused by the system. In this paper, the schema and dispatching schedule of centralized PHEV/EV charging spot network are analyzed. Also, we proposed and compared three power allocation strategies for centralized charging spot. The first strategy aims to maximize state of vehicles at plug-out time, the rest methods are equalized allocation and prioritized allocation based on vehicles SoC. The simulation results show that each run of the optimized algorithms can produce the satisfactory solutions to response properly the requirement from PHEV/EV customers.

Expansion of Private Tutoring Market for Adults according to Labor Market Changes and the Geographical Characteristics (노동시장의 구조 변화에 따른 성인 대상 사교육 시장의 성장과 공간적 함의)

  • Park, Sohyun;Lee, Keumsook
    • Journal of the Economic Geographical Society of Korea
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    • v.17 no.2
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    • pp.402-419
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    • 2014
  • This study attempts to investigate the spatial characteristics of private tutoring markets for adults which have been expanded rapidly with labor market changes in Korea. In particular, For the purpose, we examine thoroughly various indies of labor markets and private tutoring markets for adults in Korea in first and then analyze the spatial characteristics. We classify private tutoring institutes for adults into two categories by job-statuses and education levels, and analyze the spatial distribution patterns of the attendants of the classes. In order to understand the spatial characteristic of their distributions, we distinguish whether there exist the spatial autocorrelation or not by applying Moran's I values for each categories in first. We also examine the spatial cluster patterns by Hot spots analysis utilizing $G^*$ statistics. Multiple linear regression models are developed for each category to explain the relationships between the spatial distributions of private tutoring institutes and geographical variables.

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Prediction of the price for stock index futures using integrated artificial intelligence techniques with categorical preprocessing

  • Kim, Kyoung-jae;Han, Ingoo
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1997.10a
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    • pp.105-108
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    • 1997
  • Previous studies in stock market predictions using artificial intelligence techniques such as artificial neural networks and case-based reasoning, have focused mainly on spot market prediction. Korea launched trading in index futures market (KOSPI 200) on May 3, 1996, then more people became attracted to this market. Thus, this research intends to predict the daily up/down fluctuant direction of the price for KOSPI 200 index futures to meet this recent surge of interest. The forecasting methodologies employed in this research are the integration of genetic algorithm and artificial neural network (GAANN) and the integration of genetic algorithm and case-based reasoning (GACBR). Genetic algorithm was mainly used to select relevant input variables. This study adopts the categorical data preprocessing based on expert's knowledge as well as traditional data preprocessing. The experimental results of each forecasting method with each data preprocessing method are compared and statistically tested. Artificial neural network and case-based reasoning methods with best performance are integrated. Out-of-the Model Integration and In-Model Integration are presented as the integration methodology. The research outcomes are as follows; First, genetic algorithms are useful and effective method to select input variables for Al techniques. Second, the results of the experiment with categorical data preprocessing significantly outperform that with traditional data preprocessing in forecasting up/down fluctuant direction of index futures price. Third, the integration of genetic algorithm and case-based reasoning (GACBR) outperforms the integration of genetic algorithm and artificial neural network (GAANN). Forth, the integration of genetic algorithm, case-based reasoning and artificial neural network (GAANN-GACBR, GACBRNN and GANNCBR) provide worse results than GACBR.

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An Analysis of Marketing and Industrial Structure in Meat Processing Products (육가공품(肉加工品)의 유통(流通) 및 산업구조(産業構造) 분석(分析))

  • Kim, Chul Ho;Cho, Gyeong Ran
    • Korean Journal of Agricultural Science
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    • v.15 no.2
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    • pp.164-173
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    • 1988
  • This study is to analyse marketing and industrial structure of meat processing industry and to examine it's current situation related to agriculture. For this purpose 1. This paper surveys the history of meat processing industry, and analyses current situation of meat processing industry, based upon economic statistic data. 2. For the research of marketing structure of meat processing products, this paper not only ciassifies into three catagories; the supply of raw meat, main marketing organization, and path, but measures magnitude of Marketing Bill and Farmer's Share practically through statistic data and an on-the-spot survey. 3. This study also attempt to explain the relation of meat processing industry and the other industry and role of meat processing industry is Korean economy by the use of input-output table. The results of the study are as follows; 1. The meat processing industry in Korea produces low quality, and expensive raw meat with limited quality, inefficiency of marketing structure, and unrelated livestock and meat processing industry. 2. Korea market structure of meat processing products has been changed into oligopoly from monopoly by a new corporation entered into monopoly and the size of meat processing market firms has been normalized. 3. Meat processing industry is very important considering with its high back-linkage-effect. In order to develop meat processing industry and marketing, it is essential that operation of intergrated meat market center, meat market center should be efficiently operated. The efficient utilization of domestic resource for raw meat and development of processing technique have to be required, by means of the governmental support.

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A Study on the Cross Hedge Performance of KOSPI 200 Stock Index Futures (코스피 200 주가지수선물을 이용한 교차헤지 (cross-hedge))

  • Hong, Chung-Hyo;Moon, Gyu-Hyun
    • The Korean Journal of Financial Management
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    • v.23 no.1
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    • pp.243-266
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    • 2006
  • This paper tests cross hedging performance of the KOSPI 200 stock index futures to hedge the downside risk of the KOSPI, KOSPI 200 and KOSDAQ50 spot market. For this purpose we introduce the minimum variance hedge model, bivariate GARCH(1,1) and EGARCH(1,1) model as hedge models. The main results are as follows; First, we find that the direct hedge performance of KOSPI 200 index futures is better than those of indirect hedge performance. second, in case or cross hedge performance the hedge effect of KOSPI 200 stock index futures market against KOSPI 200 stock index spot market is relatively better than those of KOSPI 200 index futures against KOSPI and KOSDAQ spot position. Third, for the out-sample, hedging effectiveness of the risk-minimization with constant hedge ratios is higher than those of the time varying bivariate GARCH(1,1) and EGARCH(1,1) model. In conclusion, investors are encouraged to use simple risk-minimization model rather than the time varying hedge models like GARCH and EGARCH model to hedge the position of the Korean stock index cash markets.

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The Improvement Plan of Organization Management Through the Survey of Actual Condition in Construction Work (건설공사(建設工事) 실무분석(實務分析)을 통한 조직관리(組織管理) 개선방안(改善方案))

  • Choi, Byung-Ju;Cui, Xian;Choi, Suk-Woo;Kim, Ok-Kyue
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.2
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    • pp.121-129
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    • 2008
  • Domestic exoteric construction market by opening of world construction market with recent FTA of rapidly change. On these time, need quality increase of construction to possess government official and international competitiveness of customer satisfaction by offering consumer building of good quality. Therefore, must establish direction to inspects and must advance forward formation government official's present actual conditions for building company's QI. This study is as following if summarize studying result of formation government official to improve quality in construction spot. First, formation's CEO will for QI need side improvement the formation government official enemy by important thing. Second, at checking activity and systematic action that participate of responsible persons cooperation enterprise space-time by complete charge department organization should be achieved. Third, complete charge department for quality control operation large size construction firm substantially formation Organizational well operate, but heavy hydrogen building company was construed by greatly unprepared misgovernment. AHP analysis result complete charge department is serious necessity, and the CEO under direct control organizational structure was construed by thing which can bring excellent effect in operation management side of quality business side and formation. Therefore, heavy hydrogen building company should does to occupy competitive power high position with tissue at active quality complete charge deputy.

Trading Strategies in Bulk Shipping: the Application of Artificial Neural Networks

  • Yun, Hee-Sung;Lim, Sang-Seop;Lee, Ki-Hwan
    • Journal of Navigation and Port Research
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    • v.40 no.5
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    • pp.337-343
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    • 2016
  • The core decisions of bulk shipping businesses can be summarized as the timing and the choice of period for which carrying capacity is traded. In particular, frequent decisions to trade freight either with repeated spot transactions or with a one-off long-term deal critically impact business performance. Even though a variety of freight trading strategies can be employed to facilitate the decisions, chartering practitioners have not been active in utilizing these strategies, and academic research has rarely proposed applicable solutions. The specific properties of freight as a tradable commodity are not properly reflected in existing studies, and limitations have been reported in their application to the real world. This research focused on the establishment of applicable freight trading strategies by taking into account two properties of freight: time perishability and term-dependant pricing. In addition to traditional trading strategies, artificial neural networks were applied for the first time to the test of freight trading strategies. The performances of the trading strategies were measured and compared to produce a remarkable outperformance of the ANN. This research is expected to make a significant contribution to chartering practices by enhancing the quality of chartering decisions and eventually enabling the effective management of freight rate risk. In addition to methodological expansion, the result will propose a way to approach the controversial issue of freight market efficiency.

Identification of Association between Supply of Pork and Production of Meat Products in Korea by Canonical Correlation Analysis

  • Kim, Tae Wan;Kim, Chul Wook;Noh, Chi Won;Kim, Sam Woong;Kim, Il-Suk
    • Food Science of Animal Resources
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    • v.38 no.4
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    • pp.794-805
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    • 2018
  • To identify correlation between fresh meat and processed meat products, we performed canonical correlation analysis (CCA) to predict the relationship between pork supply and meat product production in Korea. Results of CCA showed a canonical correlation of 0.8576 in the first canonical pair (p<0.01). The production of meat products showed the highest correlation with pork import but the lowest correlation with the production of domestic pork. Although Korean consumer preferred meat products produced by fresh domestic pork, inexpensively imported pork with high share in meat products was supplied in the market. Therefore, securing domestically produced raw meat is important for expanding consumption of domestic meat products. Results of this study suggest that meat processor and pig producer can achieve the $6^{th}$ industrialization by combining the production of raw pork materials, meat processing, and sales service.

A Nutrition Intakes Survey of Urban Slum and Rural Areas (한국의 도시빈곤지역과 농촌의 영양섭취 설태)

  • Jung, Hae-Kyung;Kim, Sook-He
    • Journal of Nutrition and Health
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    • v.15 no.4
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    • pp.290-300
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    • 1982
  • The study deals with the empirical research on the condition of nutrient intake of low income class which be represented by urban slum and rural area, with the analysis of the factors which might influence on the prevalent condition of nutrient- intake. The method of the research was based on the spot-survey with questionaires. The result is that the levels of nutrient-intake are below the standard requirement level of nutrients in both of urban slum and rural area. The level of nutrient intake in urban slum lies in approximately 50% of the standard requirement level and 80% of the standard requirement level in rural area. The extent of malnutrition was explained in terms of the amount of calorie, protein, calcium and iron. More than half of the population in the community are below the standard requirement level of the nutrient- intake. The problem of malnutrition was serious in urban slum than in rural areas, which made a good contrast with the result of Peru study. Deficiency in calcium was most serious. The factor analysis of the prevalent condition of malnutrition in low class suggests that 1) The function of local market in supplying food is not so effective in the sense that the quality of the foods purchased id the local market is poor. 2) Low level of knowledge, the consequent ignorance and the indifference to the nutrition and the low income led to malnutrition. The level of income and the education were significantly correlated to the nutrient-intake.

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An Empirical Study on the Factors Affecting the Participation of uTrade Hub in terms of Product Characteristics and Sourcing Patterns -Focused on the uTrade Search Services- (제품특성과 구매패턴에 따른 uTradeHub 활용요인 연구)

  • Song, Sun-Yok
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.49
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    • pp.461-490
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    • 2011
  • The purpose of this study is to examine which factors are encouraging SMEs to participate in uTradeHub(focused on the uTrade search service) in terms of product characteristics and sourcing patterns. The three factors encouraging Trade e-Marketplaces are identified in this study. First, internal factors include the support of top management, mature of IT infrastructure. Second, external factors include the pressure of industry, industry competition, dependence of trading partners. Third perception factors are perceived Usefulness, perceived easy of use. The empirical analysis had the following results. First, it reveals that support of top management, mature of IT infrastructure, industry competition have significant influence upon uTrade Search Services. On the other hand, pressure of industry, dependence of trading partners, Perceived relative benefits are not significant variable of the participation in uTrade Search Services. Second, the factors affecting the participation in uTrade Search Services are differentiated in terms of product characteristics and sourcing patterns. And the support of top management, mature of IT infrastructure, Perceived relative benefits are emphasized very important factors affecting the participation of uTrade Search Services in SMEs. The industry competition is recognized as more important factor in horizontal market in which Spot sourcing just like Operating products is trading. On the other hands, the dependence of trading partners are significant factor in vertical market in which Systemic sourcing just like Manufacturing products is trading.

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