• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2009.10a
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• pp.245-248
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• 2009

Recently, Many studies have been progressing to path-finding with dynamic information on the Terminal Based Navigation System(TBNS). However, the most of existing algorithms are based on $A{\ast}$ algorithm. Path-finding algorithms which use heuristic function may occur a problem of the increase of exploring cost in case of that there is no way determined by heuristic function or there are 2 way more which have almost same cost. In this paper, two abstract graph(AG) that are different method of construction, Homogeneous Node merging($AG^H$) and Connected Node Merging($AG^C$), are implemented. The abstract graph is a simple graph of real road network. The method of using the abstract graph is proposed for reducing dependency of heuristic and exploring cost. In result of evaluation of performance, $AG^C$ has better performance than $AG^H$ at construction cost but $AG^C$ has worse performance than $AG^H$ exploring cost.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.4 no.4
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• pp.45-70
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• 2009

This article investigates which types of the strategies announced by the listed firms contribute to enhancing the long-term performance of the companies. Since 2002, Korean Exchange adopted the "faire disclosure policy" which mandates that all publicly traded companies must disclose material information to all investors at the same time. Thanks to the policy, Korean investors can, now, easily access the board's decision on management strategies on the same day the decision is made. If the companies trustfully carry out their announced strategies, we can decide which types of strategies actually enhance or deteriorate the long-term performance, simply by comparing the announced strategies and the firm's performance. The sample companies are confined to 60 firms that became listed in the KOSDAQ market through back-door listing from 2003 to 2005. Using only the newly listed companies, we can avoid the interference on the long-term performance of the strategies pursued before the event date. This often holds true, for many companies radically modify their strategies after the listing. Furthermore, the back-door listing companies serve our purpose better than IPO companies do, because the former tend to have a variety of announcement within a given period of time beginning the listing date. Using these sample companies, this article analyzes the effect on one year buy-and-hold returns and abnormal buy-and-hold returns after the listing of the various types of strategies announced during the same period of time. The results show that those evidences of restructuring such as 'reduction of capital' and 'resignation of incumbent board members', actually contribute to the increase in adjusted long-term stock returns. Those strategies which can be view as evidence of new investment such as 'increase in tangible assets', 'acquisition of other companies', do also helps the stockholders better off. On the contrary, 'increase in bank loans', 'changes of CEO' and 'merger' deteriorate the equity value. The last findings let us to presume that the back-door listing companies appear to use the bank loans for value-reducing activities; the change in CEO is not a sign of restructuring, but rather a sign of failure of the restructuring; another merger carried out after back-door listing itself is also value-reducing activity. This article's findings on reduction of capital, merger and bank loans oppose the results of the former empirical studies which analyze only the short-term effect on stock price. Therefore, more long-term performance studies on public disclosures are in order.

• 월간 기계설비
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• no.2 s.211
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• pp.65-70
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• 2008

두산건설(주)은 1960년 동산토건으로 시작, 해외공사 및 국내 유수의 시공실적과 함께 지난 반세기에 걸쳐 앞선 기술과 품질로 건설산업을 이끌어 왔다. IMF당시 과감한 구조조정을 단행 하였고, 두산개발, 고려산업개발을 인수합병한 후 외형적인 성장 뿐 아니라 내실경영에 만전을 기하고 있다. 또한 시장환경변화에 대한 중장기 성장동력으로 복합개발사업, SOC민자사업, 도시개발사업 등 디벨로퍼(Developer)형 사업확대를 중점적으로 추진할 계획이며 이 중 복합개발사업은 후발주자로 시장에 진입했지만 지난해 1조3,000억원의 물량을 확보하는 등의 성과를 거둬 앞으로의 사업전망이 밝을 것으로 예상하고 있다. 두산건설(주)은 최근 부산 해운대에 아시아 최고 높이인 80층 주상복합아파트를 분양함으로써 초고층건물 시장에서의 입지를 다지고 있다.

• Proceedings of the KAIS Fall Conference
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• 2011.12a
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• pp.156-159
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• 2011

본 연구에서는 지적도면 정보에 대하여 불법 복제와 유통의 방지는 물론 유통 후에도 유통 경로를 파악하여 차단할 수 있는 디지털 워터마킹 기술을 개발하여 보고자 하였다. 연구성과로는 지적도면은 일반 지형도와 달리 워터마크의 삽입 및 검출 과정에서 왜곡이 없어야 하고, 또한 토지이동시 발생할 수 있는 다양한 공격에서 강인성을 가져야한다는 특성을 고려하여 주파수 영역에서의 워터마킹 삽입 및 검출 시스템을 개발하였다. 향후 연구에서는 구현된 워터마킹 시스템의 성능을 평가하여 보고자 지적도면의 위치정확도 분석에 기초한 왜곡정도를 분석하고, 다양한 토지이동 상황(분할, 합병, 접합, 이동, 회전 등)에 대한 강인성 및 검출율 등을 실험하고자 한다.

• KDI Journal of Economic Policy
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• v.26 no.2
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• pp.179-208
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• 2004

With the outbreak of the financial crisis in mid-1997, the Korean government has removed a majority of M&A-related regulations in order to facilitate M&A transactions. This was based upon the belief that M&As are one of the most efficient ways to restructure financially distressed firms compared to other government-driven restructuring programs. In this paper, we try to empirically assess the role of M&A in restructuring distressed firms in Korea following the financial crisis. In doing so, three empirical analyses have been conducted. The first analysis attempts to identify financial characteristics of the insolvent M&A targets. The second exercise directly tests the change in performance of insolvent M&A targets before and after such M&A transactions. The third analysis is a more general assessment on the role of M&A transactions to determine if being involved in an M&A transaction (regardless of its motivate) has reduced the probability of becoming insolvent in the future. Overall, we find some evidence supporting that M&A activities after the financial crisis have played a positive role in restructuring financially distressed firms in Korea.

• Journal of Korea Port Economic Association
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• v.25 no.2
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• pp.25-56
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• 2009

The purpose of this study is to analyze the components and to verify the relationship between service orientation, employee satisfaction, customer orientation and business performance of liner shipping company. In order to achieve the purpose of this study, literature survey related to service orientation, employee satisfaction, customer orientation and business performance was carried out and took a empirical analysis by the use of questionnaire method for employees in liner shipping company. The final results and conclusions are as follows; Service orientation of liner shipping company is a major element which has an effect on employee satisfaction. It has also effect on employee's dedicational attitude to achieve company's goal with pride on their duty and organization. In addition to, the relationship between service orientation, employee satisfaction, customer orientation and business performance finally reach to valuable attitude related in customer's satisfaction, and then it will read up high business performance and successful attainment.

• Journal of Digital Convergence
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• v.20 no.4
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• pp.119-126
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• 2022

With the rise and rapid development of the "Internet+" economic model, the internet is deeply integrated with the social economy and penetrates every corner of life. Compared with expanding the scale of business operations through internal investment and capital accumulation, e-commerce companies are more inclined to directly gain control of other companies through efficient merger and acquisition (M&A). The purpose of this study is to analyze changes in financial performance before and after M&A of Alibaba, China's largest e-commerce company in the Internet era. To present the impact of M&A events on Alibaba's stock price and shareholder wealth more intuitively, this study selected the market model in the event study method to measure abnormal returns. The results show that an M&A event led to a reduction in Alibaba's shareholder wealth in the short term. This study presents the theoretical basis for the M&A performance of e-commerce companies.

• The KIPS Transactions:PartD
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• v.19D no.2
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• pp.161-186
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• 2012

Recently, the flash memory consistently increases the storage capacity while the price of the memory is being cheap. This makes the mass storage SSD(Solid State Drive) popular. The flash memory, however, has a lot of defects. In order that these defects should be complimented, it is needed to use the FTL(Flash Translation Layer) as a special layer. To operate restrictions of the hardware efficiently, the FTL that is essential to work plays a role of transferring from the logical sector number of file systems to the physical sector number of the flash memory. Especially, the poor performance is attributed to Erase-Before-Write among the flash memory's restrictions, and even if there are lots of studies based on the log block, a few problems still exists in order for the mass storage flash memory to be operated. If the FAST based on Log Block-Based Flash often is generated in the wide locality causing the random writing, the merge operation will be occur as the sectors is not used in the data block. In other words, the block thrashing which is not effective occurs and then, the flash memory's performance get worse. If the log-block makes the overwriting caused, the log-block is executed like a cache and this technique contributes to developing the flash memory performance improvement. This study for the improvement of the random writing demonstrates that the log block is operated like not only the cache but also the entire flash memory so that the merge operation and the erase operation are diminished as there are a distinct mapping table called as the offset mapping table for the operation. The new FTL is to be defined as the XAST(extensively-Associative Sector Translation). The XAST manages the offset mapping table with efficiency based on the spatial locality and temporal locality.

• Journal of Digital Contents Society
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• v.6 no.3
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• pp.163-168
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• 2005

Computing infrastructures and technologies are moving into the distributed environments. Due to increase of M&A, and outsourcing processes, or increase or development of various system in an organizations, there are various problems resing such as difficulties in maintenance and repairment, repetition or inconsistency of data, and lacks of interconnection between different of difficulties in financing and selecting an adequate solutionas. This study presents a method to integrate systems adopting massage middleware as an efficient alternative for integration of applications and data between different models under distributed system environments. We expect that the integration method presented in this study, adopting massage middleware between system, will be an efficient alternative to build up interface between small system in terms of expense and efficiency.

• KDI Journal of Economic Policy
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• v.20 no.1_2
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• pp.3-77
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• 1998

경제위기 극복의 핵심과제는 '시장기구의 원활한 작동에 의존하는 경제의 틀'을 마련하는 것이며, 이를 위해서는 경제적 시장경제체제를 구축해야 한다. 이러한 견지에서 공정거래법 정책의 위상, 역할, 과제, 방향 등을 새로이 정립할 필요가 있다. 공정거래법 정책의 기초개념이 되어온 경제력(집중)과 경쟁의(불)공정성은 지나치게 포괄적이고 주관적이며 이에 대한 분석의 틀이 되는 이론체계도 없어 정책의 개념적 기반이 되기 어렵다. 공정거래법 정책은 독점력과 효율성의 개념 위에서 경제효율 증진이라는 목적을 추구해야만 정책의 일관성과 실효성을 높일 수 있다. 이는 대기업들의 독점력이 경제력집중 및 재벌구조와 형태상 제 문제의 근원(根源)이며, 독점력은 경제이론에 의해 정책방향과 기준이 제시되는 개념이기 때문이다. 공정거래법 정책은 시장구조와 형태를 실질적으로 경쟁화함으로써 경제효율을 극대화하는 데 주력해야 한다. 무엇보다도 경쟁 제한적 법령 제도 관행을 철폐하기 위한 규제개혁을 주도하고 경제구조조정과 재벌개혁의 기본원칙과 방법이 시장기능과 경쟁을 강화하는 방향으로 설정 시행되도록 하는 것이 긴요하다. 특히 대기업간 사업교환이나 인수 합병에 대하여 엄격한 경쟁정책적 검토와 규율을 적용해야 하며, 시장의 독과점화를 방지하면서 구조조정을 촉진하는 방향으로 기업결합 규제기준을 개선해나가야 할 것이다. 가격담합 등에 대한 당연위법 원칙의 확립, 입찰조작의 감시 적발체제 구축 등 카르텔 규제를 강화하고, 유통조직 활동의 효율화를 도모하면서 독점유지 강화행위를 엄격히 금지하여 다양한 유통경로와 업태가 출현 발전하도록 해야 한다. 산업조직적 조사 분석능력을 확충하여 경쟁정책적 시각에서 주요 사건을 선별 조사하고 법집행에 있어 사소(私訴)의 역할을 확대하기 위한 노력도 필요하다.