• Title/Summary/Keyword: spot market

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Forecasting Bulk Freight Rates with Machine Learning Methods

  • Lim, Sangseop;Kim, Seokhun
    • Journal of the Korea Society of Computer and Information
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    • v.26 no.7
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    • pp.127-132
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    • 2021
  • This paper applies a machine learning model to forecasting freight rates in dry bulk and tanker markets with wavelet decomposition and empirical mode decomposition because they can refect both information scattered in the time and frequency domain. The decomposition with wavelet is outperformed for the dry bulk market, and EMD is the more proper model in the tanker market. This result provides market players with a practical short-term forecasting method. This study contributes to expanding a variety of predictive methodologies for one of the highly volatile markets. Furthermore, the proposed model is expected to improve the quality of decision-making in spot freight trading, which is the most frequent transaction in the shipping industry.

Modelling Study on Sustainable Resources Management System Using Material Flow Analysis(MFA) in Korea (물질흐름분석을 이용한 국내 지속가능한 자원관리 시스템 모형 연구)

  • Kim, Yu-Jeong;Kim, Seong-Yong;Heo, Eun-Nyeong
    • Economic and Environmental Geology
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    • v.41 no.2
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    • pp.253-265
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    • 2008
  • Sustainable resource management(SRM) is regarded as the core strategy to achieve Dematerialisation and Decoupling of economic growth from the use of natural resources and environmental degradation. This paper presents status SRM policy and research in worldwide, and analyzes decoupling of economic activity from energy consumption of domestic manufacturing, using decoupling factor. Also This paper suggests methodologies and strategies of SRM in Korea. SRM is established through various analysis and survey as following; forecasting of resource demand, material flow analysis and value chain analysis, resource market structure analysis. Through these analysis, we can obtain hot-spot and solution of environmental burden, recycling market management, recycling technology and best-optimal supply rate of primary and secondary resource. In Korea, resource management system must be linked with national and regional material flow analysis, and it is necessary to make SRM-law of national dimension for effective run of sustainable resource management system.

A Study on the Sale Estimate Model of a Large-Scale Store in Korea (국내 대형점의 매출추정모델 설정 방안 연구)

  • Youn, Myoung-Kil;Kim, Jong-Jin;Park, Chul-Ju;Shim, Kyu-Yeol
    • Journal of Distribution Science
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    • v.11 no.12
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    • pp.5-11
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    • 2013
  • Purpose - The purpose of this study was to construct a turnover estimation model by investigating research by Park et al. (2006) on the market area of domestic distribution. The study investigated distribution by using a new tool for the turnover estimation technique. This study developed and discussed the turnover estimation technique of Park et al. (2006), applying it to a large-scale retailer in "D"city that was suitable for on-the-spot distribution. It constructed the new model in accordance with test procedures keeping to this retail business location, to apply its procedures to a specific situation and improve the turn over estimation process. Further, it investigated the analysis and procedures of existing turnover estimation cases to provide problems and alternatives for turnover estimation for a large-scale retailer in "D"city. Finally, it also discussed problems and scope for further research. Research design, data, and methodology - This study was conducted on the basis of "virtue" studies. In other words, it took into account the special quality of the structure of Korea's trade zones. The researcher sought to verify a sale estimate model for use in a distribution industry's location. The main purpose was to enable the sale estimate model (that is, the individual model's presentation) to be practically used in real situations in Korea by supplementing processes and variables. Results - The sale estimate model is constructed, first, by conducting a data survey of the general trading area. Second, staying within the city's census of company operating areas, the city's total consumption expenditure is derived by applying the large-scale store index. Third, the probability of shopping is investigated. Fourth, the scale of sales is estimated using the process of singularity. The correct details need to be verified for the model construction and the new model will need to be a distinct sale estimate model, with this being a special quality for business conditions. This will need to be a subsequent research task. Conclusions - The study investigated, tested, and supplemented the turnover estimation model of Park et al. (2006) in a market area in South Korea. Supplementation of some procedures and variables could provide a turnover estimation model in South Korea that would be an independent model. The turnover estimation model is applied, first, by undertaking an investigation of the market area. Second, a census of the intercity market area is carried out to estimate the total consumption of the specific city. Consumption is estimated by applying indexes of large-scale retailers. Third, an investigation is undertaken on the probability of shopping. Fourth, the scale of turnover is estimated. Further studies should investigate each department as well as direct and indirect variables. The turnover estimation model should be tested to construct new models depending on the type of region and business. In-depth and careful discussion by researchers is also needed. An upgraded turnover estimation model could be developed for Korea's on-the-spot distribution.

Semantic Segmentation for Roof Extraction using Official Buildings Information (건물 통합 정보를 이용한 지붕 추출 의미론적 분류)

  • Youm, Sungkwan;Lee, Heekwon;Shin, Kwang-Seong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.10a
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    • pp.582-583
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    • 2021
  • As the production of new and renewable energy such as solar and wind power has diversified, microgrid systems that can simultaneously produce and consume have been introduced. . In general, a decrease in electricity prices through solar power is expected in summer, so producer protection is required. In this paper, we propose a transparent and safe gift power transaction system between users using blockchain in a microgrid environment. A futures is simply a contract in which the buyer is obligated to buy electricity or the seller is obliged to sell electricity at a fixed price and a predetermined futures price. This system proposes a futures trading algorithm that searches for futures prices and concludes power transactions with automated operations without user intervention by using a smart contract, a reliable executable code within the blockchain network. If a power producer thinks that the price during the peak production period (Hajj) is likely to decrease during production planning, it sells futures first in the futures market and buys back futures during the peak production period (Haj) to make a profit in the spot market. losses can be compensated. In addition, if there is a risk that the price of electricity will rise when a sales contract is concluded, a broker can compensate for a loss in the spot market by first buying futures in the futures market and liquidating futures when the sales contract is fulfilled.

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Design and Implementation of Ethereum-based Future Power Trading System (이더리움 기반의 선물(Future) 전력 거래 시스템 설계)

  • Youm, Sungkwan;Lee, Heekwon;Shin, Kwang-Seong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2021.10a
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    • pp.584-585
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    • 2021
  • As the production of new and renewable energy such as solar and wind power has diversified, microgrid systems that can simultaneously produce and consume have been introduced. In general, a decrease in electricity prices through solar power is expected in summer, so producer protection is required. In this paper, we propose a transparent and safe gift power transaction system between users using blockchain in a microgrid environment. A futures is simply a contract in which the buyer is obligated to buy electricity or the seller is obliged to sell electricity at a fixed price and a predetermined futures price. This system proposes a futures trading algorithm that searches for futures prices and concludes power transactions with automated operations without user intervention by using a smart contract, a reliable executable code within the blockchain network. If a power producer thinks that the price during the peak production period is likely to decrease during production planning, it sells futures first in the futures market and buys back futures during the peak production period to make a profit in the spot market. losses can be compensated. In addition, if there is a risk that the price of electricity will rise when a sales contract is concluded, a broker can compensate for a loss in the spot market by first buying futures in the futures market and liquidating futures when the sales contract is fulfilled.

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Development of Nut Sorting Machine by Area Labelling Method (영역 라벨링법에 의한 밤 선별기 개발)

  • Lee Seong-Cheol;Lee Young-Choon;Pang Du-Yeol
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2005.06a
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    • pp.1858-1861
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    • 2005
  • Automatic nut sorting machine used to calculate the size of inserted nut and detect the black spot defection is introduced in this paper. Because most of farm products are imported from the underdeveloped countries, domestic farm products have no place to be sold in market. To overcome this critical situation, lowering the productivity cost is strongly demanded to compete with foreign corps. Imaged processed nut sorting algorithm is developed to the automatic nut sorting machine to remove the sorting time which takes lots of man power. This system is composed of mainly two parts, mechanical parts and vision system. The purpose of mechanical part is supplying the nuts automatically to make computer system capture the images of objects. Simplified mechanical system was assembled followed by 3D simulation by Pro/E design for the adaptive cost effects. Several image processing algorithms are designed to detect the spot defects and calculate the size of nuts. Test algorithm shows good results to the designed automatic nut sorting system.

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Research on Tobacco Plant Diseases in Korea : An Overview (우리 나라 담배 병 연구의 어제와 오늘)

  • Kim, Jung-Hwa
    • Research in Plant Disease
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    • v.8 no.2
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    • pp.78-83
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    • 2002
  • Tobacco diseases have not been recorded until 1900s in Korea, where tobacco plants were introduced at early 1700s. Practical researches on the disease have been conducted since mid 1960s. Major ten tobacco diseases were mosaic caused by tobacco mosaic virus·potato virus Y·cucumber mosaic virus, bacterial wilt, hollow stalk, wild fire caused by angular leaf spot strain, black shank, brown spot, powdery mildew and fusarium wilt. But their annual occurrences were varied according to changes of tobacco varieties and their cultivating practices. As no useful chemicals, several biological tactics have been developed to control the viral or bacterial diseases that give significant economic damages on sustainable crop yield, but not practicable to field farming condition yet. Transgenic tobacco plants containing foreign disease resistant genes have been developed by current bio-technology, but not released to farmers yet. Though some disease-resistant tobacco varieties have been developed by the conventional breeding technology and currently used by farmers, their disease controlling efficacy have been diminished by occurrence of the new strain or race. Future research on tobacco diseases has been focused on technical development to produce high quality tobacco with less production cost, which leads Korean tobacco industry to keep its competence against foreign industry and decreasing overall market.

VM Migration in Spot Market Based Cloud Computing (스팟 마켓 기반 클라우드 컴퓨팅에서 VM 이주)

  • Jung, Daeyong;Choi, SookKyong;Lee, Jungha;Chung, Kwang Sik;Yu, HeonChang
    • Annual Conference of KIPS
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    • 2012.11a
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    • pp.215-218
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    • 2012
  • 스팟 인스턴스(Spot instance)는 클라우드 환경에서 사용자가 제시한 입찰 가격으로 클라우드 내의 자원을 이용하여 작업을 수행할 수 있게 하는 새로운 방식이다. 사용자는 자신의 입찰 금액이 클라우드 내의 스팟 인스턴스 가격을 초과하는 한 인스턴스를 실행할 수 있다. 그러나 입찰 가격이 스팟 가격보다 낮다면 작업 실패가 발생하고, 이로 인해 작업 완료 시간은 지연되며 서비스 품질은 저하된다. 이 문제를 해결하기 위해, 본 논문에서는 스팟 인스턴스에서 사용자 비드가 초과되어 작업 수행이 중지된 VM에 대하여 체크포인트 기법과 VM 이주(migration) 기법을 이용함으로써 작업 대기 시간을 줄이는 방법을 제안한다. 이는 작업 중인 스팟 인스턴스에서 작업 실패가 발생할 경우 다른 인스턴스로 이주하여 작업을 재수행하는 기법이다. 실험 결과는 제안하는 VM 이주 기법이 작업을 수행할 수 있는 스팟 인스턴스의 가용성을 증가시킬 수 있음을 보여준다.

Iot Based Vision and Remote Control a Compact Mobile Robot System (IoT 기반의 비전 및 원격제어 소형 이동 로봇 시스템)

  • Jeon, Yun Chae;Choi, Hyeri;Yoon, Ki-Cheol;Kim, Gwang Gi
    • Journal of Korea Multimedia Society
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    • v.24 no.2
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    • pp.267-273
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    • 2021
  • Recently, the small-size mobile robots with remote-control are rapidly growth which market of mobile is increased in the world. Especially, the smart-phones are widely used for interface device in the small size of a mobile robot. The research goal is control system design which is applied to miniaturization of a mobile robot using smart-phone and it can be confirmed performance for designed system. Meanwhile, the fabrication of mini-mobile robot can also be remote-control operation through the WIFI performance of a smart-phone. The smart-phone is used to remote-control for robot operation which control data transmit to robot via the WIFI network. To drive the robot, we can observe by the smart-phone screen and it can easily adjust the robot drive condition and direction by smart-phone button. Consequentially, there was no malfunction and images were printed out well. However, in drive, because of blind spot, robot was bumped into obstacle. Therefore, the additional test is necessary to sensor for blind spot which sensor can be equipment to mobile robot. In addition, the experiment with robot object recognition is needed.

Hedging Performance Using KODEX200 ETF (KODEX200 ETF를 이용한 헤지성과)

  • Byun, Youngtae
    • The Journal of the Korea Contents Association
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    • v.14 no.11
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    • pp.905-914
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    • 2014
  • In this study, we examine hedging effectiveness of KODEX200 ETF and KOSPI200 futures with respect to KOSPI200 spot or KODEX200 ETF using naive, the risk-minimization models and the VECM. The sample period covers from January 5. 2010 to October 31. 2013. Daily prices of the KOSPI200 spot, KOSPI200 futures and KODEX200 were used in this study. The results are summarized ans follows. First, this study show that there is cointegration relationship among KOSPI200 spot, futures and KODEX200 ETF market. Second, there is no significant difference in hedging performance among the models. Finally, hedged position of KOSPI200 cash(unhedged position)-KODEX200 ETF(hedge vehicle) or KODEX200 ETF-KOSPI200 futures seems to improve hedging performance compared to KOSPI200 cash-KOSPI200 futures. This implies that the portfolio managers may be encouraged to use the former than the latter.