• Journal of the Korea Convergence Society
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• v.10 no.12
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• pp.271-280
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• 2019

Smart factory, a critical part of digital transformation, enables data-driven decision making using monitoring, analysis and prediction. Predictive maintenance is a key element of smart factory and the need is increasing. The purpose of this study is to analyze the degradation characteristics of a galvanizing kettle for the steel plating process and to predict the remaining useful life(RUL) for predictive maintenance. Correlation analysis, multiple regression, principal component regression were used for analyzing factors of the process. To identify the trend of degradation, a proposed rolling window was used. It was observed the degradation trend was dependent on environmental temperature as well as production factors. It is expected that the proposed method in this study will be an example to identify the trend of degradation of the facility and enable more consistent predictive maintenance.

• The Korean Journal of Financial Management
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• v.26 no.2
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• pp.155-180
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• 2009

This study is to estimate and compare hedging effectiveness in emerging currency and advanced currency futures markets. Emerging currency futures includes Korea won, Mexico peso, and Brazil real and advanced currency futures is Europe euro, British pound, and Japan yen. Hedging effectiveness is measured by comparing hedging performance of the naive hedge model, OLS model, error correction model and constant condintional correlation bivariate GARCH(1, 1) hedge model based on rolling windows. Analysis data is used daily spot and futures rates from January, 2, 2001 to March. 10, 2006. The empirical results are summarized as follows : First, irrespective of hedging period and model, hedging using Korea won/dollar futures reduces spot rate's volatility risk by 97%. Second, Korea won/dollar futures market produces the best hedging performance in emerging and advanced currency futures markets, i.e. Mexico peso, Brazil real, Europe euro, British pound, and Japan yen. Third, there are no difference of hedging effectiveness among hedging models.