• Title/Summary/Keyword: Business Component

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Business Cycle Consumption Risk and the Cross-Section of Stock Returns in Korea (경기순환주기 소비위험과 한국 주식 수익률 횡단면)

  • Kang, Hankil
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.4
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    • pp.98-105
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    • 2021
  • Using the frequency-based decomposition, I decompose the consumption growth to explain well-known patterns of stock returns in the Korean market. To be more specific, the consumption growth is decomposed by its half-life of shocks. The component over four years of half-life is called the business-cycle consumption component, and the components with half-lives under four years are short-run components. I compute the long-run and short-run components of stock excess returns as well and use component-by-component sensitivities to price stock portfolios. As a result, the business-cycle consumption risk with half-life of over four years is useful in explaining the cross-section of size-book-to-market portfolios and size-momentum portfolios in the Korean stock market. The short-run components have their own pricing abilities with mixed direction, so that the restricted one short-term factor model is rejected. The explanatory power with short- and long-run components is comparable to that of the Fama-French three-factor model. The components with one- to four-year half-lives are also helpful in explaining the returns. The results about the long-run components emphasize the importance of long-run component in consumption growth to explain the asset returns.

A Study on the Effect of TQM on the Business Performance(Safety) of Constructor (TQM이 기업성과(건설업자 중심)인 안전에 미치는 영향)

  • An, Min-Jae;Kim, Eui-Sik;Yang, Keek-Young
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.2
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    • pp.89-97
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    • 2008
  • This study has provided the answer which construction companies to make complete competitive factors for sustainable growth in construction industry with to 21C environment changes. So the purpose of study is to provide a guideline for establishing the strategy of existence and growth. In order to carry out this purpose of study, above all after has been reviewed Quality Management by considering the characteristics of construction companies, TQM component and business performance, the study has been made a close inquiry in causal relationship between TQM component(leadership, participation, education-training) and business performance(safety) in construction industry. The result of the study can be summarized as follows : First, a test was conducted to whether TQM component(participation) has a significantly positive effect on business performance(safety). Second, it was found that there was a positive casual relationship between each of the TQM factors and business performance(safety). TQM(Total Quality Management) factors had great influences on the business performance of construction companies. So construction companies needed to make continuous efforts to enhance the business performance through TQM approach.

Techniques of Component Workflow Variability Implementation based on .NET in the Enterprise Framework (엔터프라이즈 프레임워크에서 닷넷 기반의 컴포넌트 워크플로우 가변성 구현 기법)

  • 노재우;이승훈;류성열
    • The Journal of Society for e-Business Studies
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    • v.9 no.2
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    • pp.145-161
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    • 2004
  • CBD(Component Based Development) can make use of component of block unit that is implementation beforehand and shorten software development cost and time. Also, component can reduce complexity for the large application development because it can hide detail part of internal and offer interface. Common requirement of family in the enterprise framework environment can express workflow, but it is very difficult that express special workflow in single component on various family member's requirement. Therefore, necessity about workflow variability management between component for family member and implementation method had been required constantly This treatise presents implementation techniques for component workflow variability in enterprise framework under .NET base. Presented component workflow variability implementation techniques supposes that commonness business workflow that family can use in enterprise workflow was created already in component, and improve workflow's extensity between component by workflow composition between special component and techniques for practice to various family member.

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Reference Architecture for Software Component of E-Business Domain (E-Business 영역의 소프트웨어 컴포넌트를 위한 참조 아키텍처)

  • 김동현;서성채;이상준;김병기
    • Proceedings of the IEEK Conference
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    • 2000.06c
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    • pp.59-62
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    • 2000
  • A software application builder has designed and partially implemented a E-Business software system using several reusable in-house software components. The builder finds an externally available third-party software components that satisfies solve desired functionality or behavior. We need systematic classification of the component from the domain. We propose a reference architecture of E-Business domain. It is used to search and reuse requiring components.

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Data Type-Tolerant Component Model: A Method to Process Variability of Externalized Data (데이터 타입 무결성 컴포넌트 모델 : 외부화된 데이터 가변성 처리 기법)

  • Lim, Yoon-Sun;Kim, Myung;Jeong, Seong-Nam;Jeong, An-Mo
    • Journal of KIISE:Software and Applications
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    • v.36 no.5
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    • pp.386-395
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    • 2009
  • Business entities with which most service components interact are kind of cross-cutting concerns in a multi-layered distributed application architecture. When business entities are modified, service components related to them should also be modified, even though they implement common functions of the application framework. This paper proposes what we call DTT (Data Type-Tolerant) component model to process the variability of business entities, or externalized data, which feature modern application architectures. The DTT component model expresses the data variability of product lines at the implementation level by means of SCDTs (Self-Contained Data Types) and variation point interfaces. The model improves the efficiency of application engineering through data type converters which support type conversion between SCDTs and business entities of particular applications. The value of this model lies in that data and functions are coupled locally in each component again by allowing service components to deal with SCDTs only instead of externalized business eutities.

Development of a Component-Based Distributed Supply Chain Planning System (컴포넌트에 기반한 분산 공급사슬계획 시스템 개발)

  • 정한일;박찬권;이기창
    • The Journal of Society for e-Business Studies
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    • v.7 no.2
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    • pp.143-156
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    • 2002
  • The objective of supply chain planning is to satisfy the requirements for minimizing inventory costs, transportation costs, and lead times throughout the supply, production and distribution stage dispersed geographically. Therefore, the supply chain planning system should have functionalities to resolve complex optimization problems that have characteristics of multi-stage and multi-product. Ant the system should also support collaborative decision making among distributed business partners. In this study, we proposed a distributed architecture for the supply chain planning system. To do this, we analyzed functional requirements by using IDEF-0(ICAM Definition-0) methodology, defined required components, and designed each component by using object-oriented methodology. We implemented a prototype system based on CORBA (Common Object Request Broker Architecture) to show that the proposed distributed architecture based on component technology is feasible and can solve supply chain planning problem collaboratively.

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A Study on Business Model of Fintech - Focus on the Business model canvas - (핀테크의 비즈니스 모델에 관한 연구 - 비즈니스 모델 캔버스를 중심으로-)

  • Ryu, Jeong-Min;Seo, Yong-Mo;Cho, Han-Jin
    • Journal of Digital Convergence
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    • v.14 no.3
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    • pp.171-179
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    • 2016
  • The purpose of this study is to deduce a successful business model of fintech and suggest the business model component in fintech on domestics. Business model has suggested on a strategic levels but it is to a value of corporation. From literature research, we find a conceptual character and its component of business model. The results show that we understand the business model of fintech. We suggest business model of component for a successful entry of market. These results suggest business model canvas by Alexander Osterwalder. This business model consist of 9 blocks - customer segmentation, value proposition, customer relationship, key resource, key activity, key partnership, revenue stream, and cost structure. These components need an analytic approach for a successful entry and settlement of market. Also, we analyze and suggest a fintech business model and directivity of its components.

A Study of the e-business Component Process based on Component Catalog (컴포넌트 카달로그를 기반한 e-business 컴포넌트 프로세스에 관한 연구)

  • 김행곤;최하정;한은주
    • Proceedings of the Korean Information Science Society Conference
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    • 2001.10a
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    • pp.571-573
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    • 2001
  • 정보화 시대로의 전환에 대한 요구를 충실하게 지원하고 점차적으로 인터넷을 이용한 비즈니스 거래와 분산 업무 처리 요구에 따른 e-commerce 환경으로부터 intranet과 extranet, 즉 고객 공급자 동업자 기업, 기관, 고용인등의 비즈니스에서 필요한 관계가 포함되어 통합되어진 e-busienss로의 어플리케이션이 요구되고 있다. 따라서 본 논문에서는 e-business 환경에서 사용자가 원하는 웹 애플리케이션이 정확하고 빠르게 구축될 수 있도록 e-business 컴포넌트 프로세스를 제안하며, 기존의 컴포넌트를 재사용 가능하도록 비즈니스 측면에서 컴포넌트 카테고리를 정하여 분류하고 통합을 통해 솔루션을 구축할 수 있도록 한다. 이는 e-business 컴포넌트 프로세스를 통해 이는 결국 분석된 모든 e-business 컴포넌트를 등록하고 검색 및 다운로드 할 수 있는 통합 시스템으로 제시되어진다. 기존의 컴포넌트는 분류를 통해 비지니스 측면의 컴포넌트로 재사용 가능하도륵 하며 현재의 B2B(Business to Business)를 원활히 하는데 목적을 둔다.

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A Study on the Construction of CIS(Cooperative Information System) based on CBD (CBD 기반의 CIS 구성에 관한 연구)

  • Kim, Haeng-Gon;Sin, Ho-Jun
    • The KIPS Transactions:PartD
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    • v.8D no.6
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    • pp.715-722
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    • 2001
  • In recent years, we recognize a new paradigm in the development process:From object oriented development, to the development process which has focused on the use of standard components. In recent years a lot of research related to the component-based development has been done, especially in business domain. but still there are many open and unresolved problems in this area. such as established development process for a distributed environment, formal process, infrastructure for COTS, development and management tool considering maintenance to guarantee a proper treatment of components. It also required a service and an application integration for component. In this paper, we propose cooperative information systems (CIS) that supports component based development. It must address for component based systems to achieve their full potential. We identify a set of CIS organized 3-tier which is a presentation layer, business logic layer and data control layer. We also discuss the specific roles and activities for the layers. we also define the behavior and managed information for business logic layer as core level. As an illustration of the CIS, we present a successful considerations which is widely helpful to user when they make decision in component development and assemble. Also, we expect to component reusability and efficiency in business domain.

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J2EE Pattern Based Component Development Process (J2EE 패턴기반의 컴포넌트 개발 프로세스)

  • 최일우;류성열;이남용
    • The Journal of Society for e-Business Studies
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    • v.7 no.3
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    • pp.219-240
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    • 2002
  • The various software engineering techniques have been appeared in order to cope with the software crisis since 1980's. Currently, the research against the techniques likes the Design pattern, Component which improve the software's re-use are spread out. Also S/W Development Process are interested intensively which attempts the quality and a increasing productivity of software development with the basic policy. The design pattern is the solution against the problem which occurs repeat in a specific area. Many design pattern are developed and researched, but the method which accommodates the developed design pattern efficiently in the phase of analysis and design software development process is not good enough, so it is the actual applying technique is difficult. In this paper we suggest and the “UML components+” which is a efficient component development process from customizing EJB based the J2EE using the “UML Components” which is a component development methodology. Applying J2EE pattern efficiently with UML components+, there is a possibility of efficiency in the component development based pattern.

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