• 제목/요약/키워드: Down markets

검색결과 68건 처리시간 0.023초

부산항을 중심으로 한 동남아 항만 물동량의 최적 환적 거점 선정에 관한 연구 : 시뮬레이션 분석 방법으로 (Selection of the Optimal Transshipment Port Based on the Port Traffic of Southeast Asia)

  • 임세진;김경섭;박윤선;정석재
    • 산업경영시스템학회지
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    • 제30권4호
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    • pp.62-70
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    • 2007
  • Recently, the increasing trend for the transshipment traffic of Busan port in Korea is slowing down because of the extensive development plan of domestic ports in china. For solving this problem, Korea is going on the project for preoccupying the transshipment port for attraction of port traffic from the newly potential markets(NPM) based on the Northeast Asia area. As a part of the project, this paper proposes the efficient methodology for selecting the optimal shipping network and strategic transshipment port within NPM using the mathematical models and simulation analysis. For that, we firstly find the alternative transshipment ports within NPM through the status analysis of the current port traffic and shipping network and then, we choose the candidate transshipment-ports in order of minimizing the transport costs through the mathematical approach. With the scenarios based on the selected transshipment-ports, we perform the simulation analysis for choosing the optimal transshipment-ports and the shipping network minimizing the total costs and times concurrently. We expect that the results of this paper will be used efficiently when korea select the strategic transshipment-port in the future.

Herding Behavior: Do Domestic Investors Herd Toward Foreign Investors in Vietnam Stock Market?

  • NGUYEN P., Quynh
    • The Journal of Asian Finance, Economics and Business
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    • 제9권9호
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    • pp.9-24
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    • 2022
  • With a view to attracting foreign investment and growing the economy, the Vietnamese government has hastened financial reforms, including the lifting of limitations on foreign investment, which has resulted in rapidly rising foreign ownership in recent years. To study the relationship between transactions of foreign investors and transactions of domestic investors on two stock exchanges in Vietnam Ho Chi Minh City Stock Exchange (HSX) and Hanoi Stock Exchange (HNX). This study applies a secondary dataset comprising daily market trading information of 912 stocks from 18 industries listed on 2 Vietnam stock exchanges, including HSX and HNX, which includes executed price, executed volume, daily Buy Orders, and Sell Orders categorized into domestic investors' orders and foreign investors orders from 01.04.2010 to 10.04.2018. The regression results show a significantly positive relationship between foreign investors' trading and domestic investors' transaction in all trading activities in both up and down markets. Therefore, these results indicate that domestic investors in Vietnam are concerned with foreign investors' trading as an important sign, and domestic investors tend to follow their counterparties without appropriate fundamental information. From there, there are signs of herding behavior of domestic investors following foreign investors in transactions on the stock market in Vietnam.

구동 모듈 감속기 윤활 특성에 관한 연구 (Research on the Lubrication Characteristics of Driving Modules)

  • 김은겸;김현찬;박준영
    • Tribology and Lubricants
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    • 제38권2호
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    • pp.70-72
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    • 2022
  • In this study, we report on a power system developed as a decelerator for a driving module in an electric vehicle. The system is to be mounted in a limited space. The research focus was on development of miniaturization, light weight, and high power density. In particular, we aimed to minimize the layout of existing external components as integrated or built-in, and to maximize the power density by applying optimal cooling technology to increased requirements for developing modular power systems applicable to various OEM models. South Korean automakers ranked fourth in global electric-vehicle sales in 2020, but domestic sales are relatively slow. Despite government's expansion in subsidies for eco-friendly cars, consumers are delaying purchases after 2021 considering the cost-effectiveness of electric vehicles. In major European markets, the demand for electric vehicles exceeded the demand for diesel cars, and sales of hybrid cars, which used to represent eco-friendly cars, are slowing down as Toyota, started selling electric vehicles. In this study, the internal lubrication characteristics of a decelerator installed in an electric vehicle were analyzed in terms of the deceleration time while driving. By selecting the proper oil and oil viscosity, it was confirmed that there is no problem in lubricating the bearings and gears of the decelerator.

KOSPI 200 파생상품 거래와 주식수익률 변동성의 비대칭성 (KOSPI 200 Derivatives and Volatility Asymmetry of Stock Markets)

  • 박종원
    • 재무관리연구
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    • 제23권1호
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    • pp.101-133
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    • 2006
  • 본 연구에서는 1992년 1월 3일부터 2003년 12월 30일까지의 표본기간동안 KOSPI 200 포트폴리오와 이에 대응하는 Non-KOSPI 200 포트폴리오를 구성하여 새로운 파생상품거래가 현물시장 변동성의 비대칭성에 어떤 영향을 미치는지를 검증하였다. 연구결과는 파생상품 도입이후 현물시장의 변동성 비대칭성이 대체적으로 완화되었음을 보여준다. GJR-GARCH 모형을 이용한 분석결과는 KOSPI 200과 Non-KOSPI 200을 비교할 때 새로운 파생상품 거래가 KOSPI 200 변동성의 비대칭 정토를 감소시키며, 파생상품거래의 효과는 제한적이나마 Non-KOSPI 200을 구성하는 종목들에게까지 영향을 미침을 보여준다. 음(-)의 수익률 충격에 의한 변동성과 양(+)의 수익률 충격에 의한 변동성의 비율인 변동성비율을 계산하여 분석한 결과는 KOSPI 200의 경우 주가지수옵션 도입 이후 및 외환위기 이후 변동성의 비대칭성이 크게 감소했으나 Non-KOSPI 200에서는 해당기간에 뚜렷한 효과가 나타나지 않는다. 특히, KOSPI 200에서 규제완화가 크게 이루어진 1999년 1월 이후기간에서 변동성비율이 현저히 낮아졌음을 확인할 수 있으며, 이는 변동성의 비대칭정도가 시장의 규제수준과 밀접한 관련이 있음을 시사한다. 또한 본 연구의 결과는 레버리지효과와 환율변동이 한국유가증권시장의 변동성 비대칭성을 설명하는 중요 요인이 될 수 있음을 보여주고 있다.

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Transaction Costs in an Emission Trading Scheme: Application of a Simple Autonomous Trading Agent Model

  • Lee, Kangil;Han, Taek-Whan;Cho, Yongsung
    • 자원ㆍ환경경제연구
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    • 제21권1호
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    • pp.27-67
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    • 2012
  • 본 논문에서는 배출권거래제도 도입 초기에 거래비용의 존재가 시장의 가격과 거래량에 미치는 영향을 분석하였으며, 그 영향의 크기가 시장의 제도적 여건에 따라 어떻게 상이한지를 분석하였다. 특히 초기 시장의 상황을 시뮬레이션 하기 위한 방법론으로서, 시장의 초기 상황을 고려한 몇 가지 행태적 가정에 입각하여 거래상대방을 찾아서 거래가 발생하는 축차적 과정을 모형화한 거래 규칙을 구축하였다. 또한 잘 형성되어 있는 시장을 대표하는 중앙집중적인 거래소의 경쟁균형 값과 비교하였다. 모의실험 결괴는 다음과 같다. 거래비용의 추가는 거래비용이 없는 경우에 비하여 거래량의 감소를 가져왔다. 또한 거래비용의 추가는 거래비용이 높을수록, 그리고 거래비용에 존재하는 규모의 경제의 정도가 높을수록 거래량의 급격한 감소를 가져왔다. 규모의 경제가 존재할 경우 거래비용이 일정 수준을 넘으면 거래가 아예 발생하지 않는 명백한 경향이 존재함을 보여주었다. 규모의 경제의 크기가 클 것으로 예상되는 배출권시장 도입 초기에는 배출권거래가 잘 작동하지 않을 개연성이 있다. 따라서 거래량의 크기를 증대시키고 단위당 거래비용을 낮추어주는 인위적인 조치들이 필요하다. 이러한 조건을 만족시키는 대안 중의 하나가 중앙집중화된 거래소를 설립하고 거래량을 증가시키기 위한 여러 조치를 취하는 것이다.

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뷰티-IT 융합산업의 현황 분석 및 발전방안 연구 (A Study on the Status Analysis and the Development plan of Beauty-IT Convergence Industry)

  • 문운석;김석수
    • 디지털융복합연구
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    • 제13권8호
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    • pp.235-243
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    • 2015
  • 최근 한류의 확산으로 인해, 한국문화와 한국 연예인들의 외모에 대한 세계적 관심이 높아지면서, 국내 뷰티 관련 기업들의 해외진출이 활성화되고 있다. 세계 경기침체 속에서도 뷰티산업은 성장세를 이어가고 있으며, 우리나라의 성장속도는 괄목할만한 수준이다. 이러한 성장에도 불구하고 뷰티산업의 영세성과 양극화로 인해 지속적인 성장을 유지하기 위해서는 뷰티-IT 융합기술을 기반으로 한 새로운 시장창출, 즉 뷰티-IT 융합산업의 육성이 필요하다. 뷰티산업의 현황 및 전망에 대해서는 일부 연구가 이루어졌으나, 뷰티-IT 융합산업에 대해서는 전혀 연구가 이루어진 바가 없다. 따라서, 본 연구는 뷰티-IT 융합산업 관련 최초의 연구라는데 의의가 있다. 전 세계적으로 뷰티-IT융합산업은 아직까지 시작단계에 있는데, 정부에서는 뷰티-IT 융합기술에 대한 Top-Down 방식의 연구주제 선정, 가산점 부여, 타 산업과 같이 중장기 기술로드맵 수립을 통한 지원 등 체계적인 발전방안과 유망기술에 대한 글로벌 시장 선점 전략을 수립하여 집중 육성해나가야 할 것이다.

인터넷 검색추세를 활용한 빅데이터 기반의 주식투자전략에 대한 연구 (A Study on Big Data Based Investment Strategy Using Internet Search Trends)

  • 김민수;구평회
    • 한국경영과학회지
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    • 제38권4호
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    • pp.53-63
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    • 2013
  • Together with soaring interest on Big Data, now there are vigorous reports that unearth various social values lying underneath those data from a number of application areas. Among those reports many are using such data as Internet search histories from Google site, social relationships from Facebook, and transactional or locational traces collected from various ubiquitous devices. Many of those researches, however, are conducted based on the data sets that are accumulated over the North American and European areas, which means that direct interpretation and application of social values exhibited by those researches to the other areas like Korea can be a disturbing task. This research has started from a validation study against Korean environment of the former paper which says an investment strategy that exploits up and down of Google search volume on a carefully selected set of terms shows high market performance. A huge difference between North American and Korean environment can be eye witnessed via the distinction in profit rates that are exhibited by the corresponding set of search terms. Two sets of search terms actually presented low correlation in their profit rates over two financial markets. Even in an experiment which compares the profit rates with two different investment periods with the same set of search terms showed no such meaningful result that outperforms the market average. With all these results, we cautiously conclude that establishing an investment strategy that exploits Internet search volume over a specified word set needs more conscious approach.

국제가맹계약시 당사자의 주요의무에 대한 소고 (A Study on the Main Obligations in Entering into the International Franchising Agreement)

  • 이규창;박종삼;김재성
    • 무역상무연구
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    • 제51권
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    • pp.465-495
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    • 2011
  • Domestic franchised businesses have been showing relatively fast growth, but the growth is expected to slow down as in those developed countries. In face of this changing market environment, domestic franchisers will have to turn their eyes abroad to achieve sustainable growth. On the other hand, more international franchisors could pursue expanding into the Korean market due to economic or strategic reasons in their home countries. In general, enterprises are faced with several barriers when entering foreign markets by franchising their operation. Issues relating to such entry barriers can be broadly classified into legal and managerial. To begin, international franchising necessitates enterprises to handle various aspects of legal issues. There are no internationally unified rules for franchise agreements as in international goods purchase contracts. This forces franchisors to have deep knowledge of concerned regulations and practices of each of the individual target countries, in particular franchising practices which differ from those of their own countries in terms of rights and obligations of the involved parties. Having regard to this situation, this study reviewed the EU's PEL CAFDC and other domestic and overseas regulations governing franchising. From the results, several contractual obligations were derived that need to be taken into account when handling the issues around the international franchise agreement. In closing this paper mainly having in mind enterprises in various business lines seeking to expand into international franchising, some unmet needs are worth commenting. First, there is an urgent need to establish practical guidelines along with the model agreement addressing the issues of international franchising in the absence of any unified international rules. Second, to meet the first need above, it is needed that the relevant authorities conduct a comprehensive review of the existing franchising regulations available across overseas countries and, based on the results, embark on gathering good common elements in the existing franchising regulations in individual countries, ultimately developing the best possible guidelines and examples.

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젊은 건축가의 건축적 철학과 그 실천에 관한 의문 -'젊은 건축가상' 수상 건축가를 중심으로- (The young architect's asking about the architectural philosophy and the his practice - Focus on 'the young architects award' winning architect -)

  • 박종현;이종렬
    • 한국디지털건축인테리어학회논문집
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    • 제13권2호
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    • pp.45-51
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    • 2013
  • On the recent, Architecture markets appeared new eyes about Architecture. 'Korea Young Architect Award' organized by the 'Ministry of Culture, Sports and Tourism' is the right. The award in this age or in the near future we will meet down the building appear to have opinions about. 2008 to 2012, a group of 21 architects or architectural groups were selected. And they are active to this day. This study analyzes the following four indicators for architects throughout the new ideas and would like to provide feedback on them. And this study is estimated to direction of development and Forecasting of the construction First, Young Architect of the thinking process and practice analysis of the direction of watch. I think they want to, and philosophy, practice and methods that will be discussed. Second, If you assume that these architects in Korea when new, they are compared with the existing architects how diverse, and how about that discriminatory practices and examines. Third, Not only in Korea but also targeted at young architects in the United States, one organized by the Architectural League of New York 'Architectural League Prize for Young Architects' have been awarded. This group of four architects selected as Korea becomes, which of them through the research architect Yang sooin architects in the United States, you want something new will be discussed. Finally, Similar to those in the past, architects Guess watch. Find out about and how different.

디지털 문화컨텐츠 제작을 위한 발전 방안 연구 (A Study on Development of the Digital Curture Contents Production)

  • 박만수;노현준;방기천
    • 디지털콘텐츠학회 논문지
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    • 제5권4호
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    • pp.300-305
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    • 2004
  • 2000년 디지털 문화컨텐츠산업 현황은 게임과 영화부분에서 상당한 고부가가치 성장을 하였으나, 애니메이션 및 캐릭터, 음반 시장은 경기 침체로 둔화된 모습을 보였다. 디지털 문화컨텐츠산업 중에서도 애니메이션 산업은 영상과 캐릭터 관련 사업의 영역뿐만이 아니라 저작권 사업영역 까지도 확장성과 막대한 부가가치 증대 가능성이 높은 다중문화컨텐츠 사업으로 업계에서 주목을 받고 있다. 하지만 2D애니메이션의 급격한 하향세와 해외 3D애니메이션의 강세로 소수의 성공적인 프로젝트를 제외하고는 아직 안정적인 시장구조가 연계되지 못하고 있다. 따라서, 본 연구는 국내 3D애니메이션 산업에 시장구조의 근본논리를 찾아내서 분석하고 조사하여 해외 벤치마킹을 통한 대안을 제시하는 것이 이 연구의 목적이다. 이러한 디지털 문화컨텐츠 산업의 3D 애니메이션 분야의 발전 연구 방법의 모델로서 업계에 적용한다면 효과적인 제작이 이루어 질 것으로 기대된다.

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