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Analysis of the Value Relevance on International Financial Reporting Standards Fair Value in China (중국의 국제기업회계기준 공정가치의 가치 관련성 분석)

  • Kim, Dong-Il
    • Journal of Digital Convergence
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    • v.12 no.9
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    • pp.75-81
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    • 2014
  • This study is analyzed using the Shanghai stock market and Shenzhen stock market data in order to analyze the usefulness of accounting information to appear from the introduction of international accounting standards in China. Summarized the relevant previous researches for objective study approach, studied the hypothesis based on the empirical analysis and set a hypothesis as adjusting the stuffs to fix in this research model. In this study, Analyzed the hypothesis to input of detailed variables for analyzing the value relevance between periods before fair value and after fair value. Also, in this hypothesis study, analyzed and estimated to affect the quality of information the acceptant period when compare with acceptant periods and before periods of fair value. These results suggested that impact the net asset value per share and earnings per share of the company because the value of the relationship had statistically significant at the level of relevance. Therefore, in the future studies about fair value assessment, will be expected that usefulness of the enterprise value evaluation method enable to discuss it such as critical sucess factors.

An Empirical Study on the Relationship Between Transformational Leadership and Employee Creativity: Mediating Role of Perception of Meaning in Work and Work Engagement (변혁적 리더십이 직장인 창의성에 미치는 영향: 일의 의미와 일 몰입의 매개효과를 중심으로)

  • Mu, Hong-Lei;Lee, Young-Chan;Duan, Changqing
    • Journal of Digital Convergence
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    • v.16 no.8
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    • pp.117-128
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    • 2018
  • China's rapid economic growth is continuous but the country still has a long way to become a center for creativity. Leaders have no idea how to encourage their employees to work more efficiently in Chinese companies. Meanwhile the majority of employees are not fully engaged in their work, sometimes they think their work is not meaningful. The purpose of this study is to explore the relationship between transformational leadership and employee creativity, through perceptions of meaning in work and work engagement among employees working in XunLei Networking Technology Corporation. 140 valid data were collected and were analysed using SPSS and AMOS. Results showed that transformational leadership has a positive and significant influence on meaning in work and work engagement. Meaning in work has a significant effect on work engagement, and work engagement has a significant influence on employee creativity. This study provides both academic and practical implications about transformational leadership and employee creativity through meaning in work and work engagement.

Plasticity and Fracture Behaviors of Marine Structural Steel, Part I: Theoretical Backgrounds of Strain Hardening and Rate Hardening (조선 해양 구조물용 강재의 소성 및 파단 특성 I: 변형률 경화 및 변형률 속도 경화의 이론적 배경)

  • Choung, Joon-Mo;Shim, Chun-Sik;Kim, Kyung-Su
    • Journal of Ocean Engineering and Technology
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    • v.25 no.2
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    • pp.134-144
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    • 2011
  • In this paper, the global study trends for material behaviors are investigated regarding the static and dynamic hardenings and final fractures of marine structural steels. In particular, after reviewing all of the papers published at the 4th and 5th ICCGS (International Conference on Collision and Grounding of Ship), the used hardening and fracture properties are summarized, explicitly presenting the material properties. Although some studies have attempted to employ new plasticity and fracture models, it is obvious that most still employed an ideal hardening rule such as perfect plastic or linear hardening and a simple shear fracture criterion with an assumed value of failure strain. HSE (2001) presented pioneering study results regarding the temperature dependency of material strain hardening at various levels of temperature, but did not show strain rate hardening at intermediate or high strain rate ranges. Nemat-Nasser and Guo (2003) carried out fully coupled tests for DH-36 steel: strain hardening, strain rate hardening, and temperature hardening and softening at multiple steps of strain rates and temperatures. The main goal of this paper is to provide the theoretical background for strain and strain rate hardening. In addition, it presents the procedure and methodology needed to derive the material constants for the static hardening constitutive equations of Ludwik, Hollomon, Swift, and Ramberg-Osgood and for the dynamic hardening constitutive equations of power from Cowper-Symonds and Johnson-Cook.

Plasticity and Fracture Behaviors of Marine Structural Steel, Part III: Experimental Study on Failure Strain (조선 해양 구조물용 강재의 소성 및 파단 특성 III: 파단 변형률에 관한 실험적 연구)

  • Choung, Joon-Mo;Shim, Chun-Sik;Kim, Kyung-Su
    • Journal of Ocean Engineering and Technology
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    • v.25 no.3
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    • pp.53-65
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    • 2011
  • This is the third of several companion papers dealing with the derivation of material constants for ductile failure criteria under hydrostatic stress. It was observed that the ultimate engineering stresses and elongations at fracture from tensile tests for round specimens with various notch radii tended to increase and decrease, respectively, because of the stress triaxiality. The engineering stress curves from tests are compared with numerical simulation results, and it is proved that the curves from the two approaches very closely coincide. Failure strains are obtained from the equivalent plastic strain histories from numerical simulations at the time when the experimental engineering stress drops suddenly. After introducing the new concept of average stress triaxiality and accumulated average strain energy, the material constants of the Johnson-Cook failure criterion for critical energies of 100%, 50%, and 15% are presented. The experimental results obtained for EH-36 steel were in relatively good agreement with the 100% critical energy, whereas the literature states that aluminum fits with a 15% critical energy. Therefore, it is expected that a unified failure criterion for critical energy, which is available for most kinds of ductile materials, can be provided according to the used materials.

A Comparative Study of Approximation Techniques on Design Optimization of a FPSO Riser Support Structure (FPSO Riser 지지구조의 설계최적화에 대한 근사화 기법의 비교 연구)

  • Shim, Chun-Sik;Song, Chang-Yong
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.24 no.5
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    • pp.543-551
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    • 2011
  • The paper deals with the comparative study of design optimization based on various approximation techniques in strength design of riser support structure installed on floating production storage and offloading unit(FPSO) using offshore operation loading conditions. The design optimization problem is formulated such that structural member sizing variables are determined by minimizing the weight of riser support structure subject to the constraints of structural strength in terms of loading conditions. The approximation techniques used in the comparative study are response surface method based sequential approximate optimization(RBSAO), Kriging based sequential approximate optimization(KBSAO), and the enhanced moving least squares method(MLSM) based approximate optimization such as CF(constraint feasible)-MLSM and Post-MLSM. Commercial process integration and design optimization(PIDO) tools are employed for the applications of RBSAO and KBSAO. The enhanced MLSM based approximate optimization techniques are newly developed to ensure the constraint feasibility. In the context of numerical performances such as design solution and computational cost, the solution results from approximate techniques based design optimization are compared to actual non-approximate design optimization.

Snippet Extraction Method using Fuzzy Implication Operator and Relevance Feedback (연관 피드백과 퍼지 함의 연산자를 이용한 스니핏 추출 방법)

  • Park, Sun;Shim, Chun-Sik;Lee, Seong-Ro
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.16 no.3
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    • pp.424-431
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    • 2012
  • In information retrieval, search engine provide the rank of web page and the summary of the web page information to user. Snippet is a summaries information of representing web pages. Visiting the web page by the user is affected by the snippet. User sometime visits the wrong page with respect to user intention when uses snippet. The snippet extraction method is difficult to accurate comprehending user intention. In order to solve above problem, this paper proposes a new snippet extraction method using fuzzy implication operator and relevance feedback. The proposed method uses relevance feedback to expand the use's query. The method uses the fuzzy implication operator between the expanded query and the web pages to extract snippet to be well reflected semantic user's intention. The experimental results demonstrate that the proposed method can achieve better snippet extraction performance than the other methods.

A Study for the Minimum Weight Design of a Coastal Fishing Boat (소형 연안 어선의 최소 중량 설계에 관한 연구)

  • Song, Ha-Cheol;Kim, Yong-Sub;Shim, Chun-Sik
    • Journal of Navigation and Port Research
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    • v.32 no.3
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    • pp.223-228
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    • 2008
  • As most of small fishing boats made of FRP have been constructed by experience in Korea, some structural safety problems have been occurred occasionally. To improve the structural strength and reduce the costs for construction and operation, optimum design for small fishing boat was carried out in this study. The weight of fishing boat and the main dimensions of structural members are chosen as objective function and design variables, respectively. By the combination of global and local search methods, a hybrid optimization algorithm was developed to escape the local minima and reduce CPU time in analysis procedure, and finite element analysis was performed to determine the constraint parameters at each iteration step in optimization loop. Optimization results were compared with the real existing fishing boat, and the effects of optimum design were examined from points of view; structural strength, material cost, etc.

Generic Document Summarization using Coherence of Sentence Cluster and Semantic Feature (문장군집의 응집도와 의미특징을 이용한 포괄적 문서요약)

  • Park, Sun;Lee, Yeonwoo;Shim, Chun Sik;Lee, Seong Ro
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.16 no.12
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    • pp.2607-2613
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    • 2012
  • The results of inherent knowledge based generic summarization are influenced by the composition of sentence in document set. In order to resolve the problem, this papser propses a new generic document summarization which uses clustering of semantic feature of document and coherence of document cluster. The proposed method clusters sentences using semantic feature deriving from NMF(non-negative matrix factorization), which it can classify document topic group because inherent structure of document are well represented by the sentence cluster. In addition, the method can improve the quality of summarization because the importance sentences are extracted by using coherence of sentence cluster and the cluster refinement by re-cluster. The experimental results demonstrate appling the proposed method to generic summarization achieves better performance than generic document summarization methods.

A Study of Crack Propagation and Fatigue Life Prediction on Welded Joints of Ship Structure (II) (선체 용접부의 균열진전 및 피로수명예측에 관한 연구(II))

  • Kim, Kyung-Su;Shim, Chun-Sik;Kwon, Young-Bin;Ko, Hee-Seung;Ki, Hyeok-Geun;Viswanathan, K.K.
    • Journal of the Society of Naval Architects of Korea
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    • v.45 no.6
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    • pp.679-687
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    • 2008
  • The fatigue life of ship structure under cyclic loading condition is made up of crack initiation and propagation stages. For a welding member in ship structure, the fatigue crack propagation life is more important than the fatigue crack initiation life. To calculate precisely the fatigue crack propagation life at the critical welding location, the knowledge of the residual stress sensitivity on the fatigue strength is necessary. In this study, thermo elastic-plastic analysis was conducted in order to examine the effect of residual stress on the fatigue crack propagation life. Also the fatigue crack propagation lives considering residual stress were calculated using fatigue crack growth code, AFGROW, on the basis of fracture mechanics. AFGROW is widely used for fatigue crack growth predictions under constant and variable amplitude loading. The reliability of AFGROW on the fatigue of ship structure was confirmed by the comparison of the estimated results with the fatigue propagation test results.

Development of Automated Algorithm for Compartment Arrangement of Oil Tanker (유조선의 구획배치 자동화 알고리즘 개발)

  • Song, Ha-Cheol;Na, Seung-Su;Jo, Du-Yeon;Shim, Cheon-Sik;Lee, Gang-Hyeon;Jeong, Sol;Heo, Joo-Ho;Jeong, Tae-Seok;Lee, Chul-Ho;Jo, Young-Chun;Kim, Dong-Chun
    • Journal of the Society of Naval Architects of Korea
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    • v.50 no.1
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    • pp.59-68
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    • 2013
  • Nowadays, optimum structural design techniques based on CSR have been developed and applied to the preliminary design stage focused on minimum weight and minimum construction cost of ship structure. Optimum structural design algorithm developed before could minimize weight and cost on fixed compartment arrangement. However, to develop more efficient design technique, a designer needs to combine optimized compartment arrangement with optimized ship structural design because compartment arrangement has a large effect on structural design according to the change of still water bending moment as a consequence of compartment arrangement change. In this study, automated algorithm for compartment arrangement of an oil tanker is developed to apply preliminary structural design. The usefulness of developed algorithm is verified with Aframax oil tanker constructed by STX shipbuilding Co.Ltd..