• 산업경영시스템학회지
• /
• 제40권4호
• /
• pp.1-9
• /
• 2017

Companies must capture value for sustainable growth. Capturing value is a critical task for companies, particularly when operating own businesses and organizations or starting new business. The business strategy of many companies focuses on capturing the maximum value from customers and other stakeholders. Even though a wide range of studies on value creation and appropriation has been conducted in the strategic management field, most of studies are still conceptual and theoretical. Thus more empirical studies are required to suggest future-oriented value strategy. This study reveals the value creation and appropriation elements in the aviation industry of Korea. The purpose of this study is to understand the trend of value creation and appropriation in the industry. In addition, the relationship between the elements and firm's performance are tested. The firm's performance is defined by that past and future point of views. The sample were collected from Korean Air and Asiana Air. The empirical test shows that the elements of value creation-appropriation have significant impact on firm's performance. Further, the element of value appropriation to customer has a positive impact both on firm's past and future performance. Our results show that investors acknowledge a value-based strategy as a sign of stock valuation. The results of this test correspond with the earlier one, showing that maximizing customers value rather than shareholder value does deliver impressive returns. The finding suggest that companies need to change their strategy to efficiently manage performance. With the test results, we propose a value-based strategy to maximize firm's future financial and stock performance.

• 국제학술발표논문집
• /
• The 6th International Conference on Construction Engineering and Project Management
• /
• pp.321-323
• /
• 2015

Monitoring crane motion in real time is the first step to identifying and mitigating crane-related hazards on construction sites. However, no accurate and reliable crane motion capturing technique is available to serve this purpose. The objective of this research is to explore a method for real-time crane motion capturing and investigate an approach for assisting hazard detection. To achieve this goal, this research employed various techniques including: 1) a sensor-based method that accurately, reliably, and comprehensively captures crane motions in real-time; 2) computationally efficient algorithms for fusing and processing sensing data (e.g., distance, angle, acceleration) from different types of sensors; 3) an approach that integrates crane motion data with known as-is environment data to detect hazards associated with lifting tasks; and 4) a strategy that effectively presents crane operator with crane motion information and warn them with potential hazards. A prototype system was developed and tested on a real crane in a field environment. The results show that the system is able to continuously and accurately monitor crane motion in real-time.

• 벤처창업연구
• /
• 제10권2호
• /
• pp.27-42
• /
• 2015

벤처기업에 관한 기존의 연구들은 자원을 획득하고 보유자원을 재조합하여 내부역량을 확보하기 위한 방법에 논의에 집중되었다. 하지만 자원과 역량이 부족한 벤처기업에게 중요한 것은 환경변화의 이해를 통해 기회를 포착하고, 생존할 수 있도록 안정적인 시장진입을 가능하게 하는 전략제시가 필요하다. 이를 위해, 본 연구는 벤처기업이 지배적 디자인 경쟁 환경의 산업에 진입하여 성공할 수 있었던 이유를 기회포착이라는 개념을 통해 알아보고자 한다. 기회포착은 벤처기업이 구현할 수 있는 역량을 고려하여 기회를 인식하는 것으로서 시장에 판매할 수 있는 재화 및 서비스를 공급하기 위해 필요한 기술을 선택하고, 기술획득에 필요한 협력방식을 선택하는 역량을 의미한다. 본 연구는 벤처기업의 기회인식과 전략적 대응방식에 주목하여 시장진입에 성공할 수 있었던 이유를 살펴보기 위해 지배적 디자인 경쟁이 진행되었던 산업에 진입하여 안정적으로 자리를 잡은 하드웨어 분야와 소프트웨어 분야 벤처기업 1곳 씩 선정하여 성공적인 진입이 가능했던 이유와 업종별 특성에 따른 차이점을 알아보았다. 연구결과 지배적 디자인 경쟁이 벌어지고 있는 환경에서 각 기술진영의 업체들은 자신의 기술이 확대되어 표준화가 되는 것이 목적이기 때문에 하드웨어 업체는 가격인하를 통한 시장 확대에 집중하였으며, 소프트웨어 업체는 보완기술의 보편화를 이루어 더 많은 사용자가 참여할 수 있게 유도하는데 노력한다. 지배적 디자인 경쟁환경은 벤처기업의 업종에 따라 기회포착 인식의 차이를 갖게 하는데 하드웨어 업체는 잠재수익률에 대한 기회인식의 차이로 인해 발생하는 틈새시장을 확보하도록 핵심기술을 확보하는 것이 중요하며, 소프트웨어 업체는 다수의 사용자가 참여하도록 유도하는 보완기술에 기회를 인식해야 함을 알 수 있었다.

• 한국전산유체공학회:학술대회논문집
• /
• 한국전산유체공학회 2011년 춘계학술대회논문집
• /
• pp.311-317
• /
• 2011

The present paper deals with the continuous works of extending the multi-dimensional limiting process (MLP) for compressible flows, which has been quite successful in finite volume methods, into discontinuous Galerkin (DG) methods. From the series of the previous, it was observed that the MLP shows several superior characteristics, such as an efficient controlling of multi-dimensional oscillations and accurate capturing of both discontinuous and continuous flow features. Mathematically, fundamental mechanism of oscillation-control in multiple dimensions has been established by satisfaction of the maximum principle. The MLP limiting strategy is extended into DG framework, which takes advantage of higher-order reconstruction within compact stencil, to capture detailed flow structures very accurately. At the present, it is observed that the proposed approach yields outstanding performances in resolving non-compressive as well as compressive flaw features. In the presentation, further numerical analyses and results are going to be presented to validate that the newly developed DG-MLP methods provide quite desirable performances in controlling numerical oscillations as well as capturing key flow features.

• 품질경영학회지
• /
• 제46권3호
• /
• pp.551-568
• /
• 2018

Purpose: This study addressed the relationship between technological innovation activity and management efficiency of Korean automobile firms. We tested the hypothesis of non-liner relationship of innovation activity in relation to management efficiency. Methods: We discussed prior literature in the firm innovation strategy and management efficiency studies to provide better understanding of relationships between technological innovation activity and management efficiency. As a result, we developed develop and tested a model (Inverted-U shaped) capturing the non-linear impact of technological innovation activity. While we used R&D expenditure and patent registration data for measuring firms' innovation activity, management efficiency was evaluated by using DEA(Data Envelopment Analysis). Results: Main findings of our empirical analysis indicated that the relationships between technological innovation activity and management efficiency was inverted U shaped. This implied that the relationship between technological innovation and management efficiency is inverted U-shaped non-linear, with management efficiency increasing up to a point, beyond which higher levels of R&D and patent registration activities led to a decrease in management efficiency. Conclusion: This study empirically assessed the inconclusive findings of previous research in the area of effects of innovation activities in relation to firm performance. The paper also provided theoretical and practical implications for firms who explore efficient strategy to promote the management performance through technological innovation activities. Future research directions with the limitation of the study was discussed.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권4호
• /
• pp.59-70
• /
• 2020

The purpose of this study is to construct the ACD model for the block trading volume duration. The ACD model based on the block trading volume duration is referred to as Volume ACD (VACD) in this study. By integrating with GARCH-type models, the VACD based GARCH type models, which include VACD-GARCH, VACD-IGARCH and VACD-FIGARCH models, are set up. This study selects Chunghwa Telecom (CHT) Inc., offering the America Depository Receipt (ADR) in NYSE, to investigate the block trading volume duration in Taiwanese equity market. The empirical results indicate that the long memory in volume duration series increases dependence at level of volatility clustering by VACD (2,1)-FIGARCH (3,d,1) model. Moreover, the VACD (2,1)-IGARCH (1,1) exhibits relatively better performance of prediction on capturing block trading volume duration. This volatility model is more appropriate in this study to portray the change of the CHT Inc. prices and provides more information about the volatility process for investment strategy, which can be a reference indicator of financial asset pricing, hedging strategy and risk management.

• Advances in aircraft and spacecraft science
• /
• 제7권5호
• /
• pp.387-404
• /
• 2020

The numerical simulation of shock waves in supersonic flows is challenging because of several instabilities which can affect the solution. Among them, the carbuncle phenomenon can introduce nonphysical perturbations in captured shock waves. In the present work, a hybrid numerical flux is proposed for the evaluation of the convective fluxes that avoids carbuncle and keeps high-accuracy on shocks and boundary layers. In particular, the proposed flux is a combination between an upwind approximate Riemann problem solver and the Local Lax-Friedrichs scheme. A simple strategy to mix the two fluxes is proposed and tested in the framework of a discontinuous Galerkin discretisation. The approach is investigated on the subsonic flow in a channel, on the supersonic flow around a cylinder, on the supersonic flow on a flat plate and on the flow in a overexpanded rocket nozzle.

• Structural Engineering and Mechanics
• /
• 제62권5호
• /
• pp.537-550
• /
• 2017

Structural sizing is a rewarding task due to its non-convex constrained nature in the design space. In order to provide both global exploration and proper search refinement, a hybrid method is developed here based on outstanding features of Evolutionary Computing and Teaching-Learning-Based Optimization. The new method introduces an observer phase for memory exploitation in addition to vector-sum movements in the original teacher and learner phases. Proper integer coding is suited and applied for structural size optimization together with a fly-to-boundary technique and an elitism strategy. Performance of the proposed method is further evaluated treating a number of truss examples compared with teaching-learning-based optimization. The results show enhanced capability of the method in efficient and stable convergence toward the optimum and effective capturing of high quality solutions in discrete structural sizing problems.

• International Journal of Aeronautical and Space Sciences
• /
• 제8권1호
• /
• pp.66-78
• /
• 2007

A multi-point aerodynamic shape optimization technique has been developed for helicopter rotor blades in hover based on a continuous adjoint method on unstructured meshes. The Euler flow solver and the continuous adjoint sensitivity analysis were formulated on the rotating frame of reference. The 'objective function and the sensitivity were obtained as a weighted sum of the values at each design point. The blade section contour was modified by using the Hicks-Henne shape functions. The mesh movement due to the blade geometry change was achieved by using a spring analogy. In order to handle the repeated evaluation of the design cycle efficiently, the flow and adjoint solvers were parallelized based on a domain decomposition strategy. A solution-adaptive mesh refinement technique was adopted for the accurate capturing of the wake. Applications were made to the aerodynamic shape optimization of the Caradonna-Tung rotor blades and the UH-60 rotor blades in hover.

• 한국전산유체공학회:학술대회논문집
• /
• 한국전산유체공학회 2010년 춘계학술대회논문집
• /
• pp.404-411
• /
• 2010

The present paper deals with the continuous work of extending multi-dimensional limiting process (MLP), which has been quite successfully proposed on two- and three-dimensional structured grids, onto the unstructured grids. The basic idea of the present limiting strategy is to control the distribution of both cell-centered and cell-vertex physical properties to mimic a multi-dimensional nature of flow physics, which can be formulated as so called the MLP condition. The MLP condition can guarantee a high-order spatial accuracy without yielding spurious oscillations. Recently, MLP slope limiter was proposed based on the MUSCL-type reconstruction in two-dimensional case and it can be readily extended to three-dimensional case. Through various numerical analyses and extensive computations, it is observed that the proposed limiters are quite effective in controlling numerical oscillations and very accurate in capturing both discontinuous and continuous multi-dimensional flow features on 3-D tetrahedral grids.