• Korean Management Science Review
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• v.33 no.3
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• pp.105-117
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• 2016

In this paper, we present empirical testing result to examine the validity of inbound supply and outbound demand risk factors in the sense of early predicting the firm's bankruptcy risk level. The risk factors are drawn from industry uncertainty attributes categorized as uncertainties of input market (inbound supply), and product market (outbound demand). On the basis of input-output table, industry level inbound and outbound sectors are identified to formalize supply chain structures, relevant inbound and outbound uncertainty attributes and corresponding risk factors. Subsequently, publicly available macro-economic indicators are used to appropriately quantify these risk factors. Total 68 industry level bankruptcy risk forecasting results are presented with the average R-square scores of between 53.4% and 37.1% with varying time lag. The findings offers useful insights to incorporate supply chain risk to the body of firm's bankruptcy risk level prediction literature.

• Environmental Analysis Health and Toxicology
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• v.14 no.4
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• pp.135-144
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• 1999

Environmental toxicities of priority water pollutants were evaluated by two selected bioassays, Lettuce seed germination/elongation test and Microtox acute toxicity test. Toxic chemicals (heavy metals, polycyclic aromatic hydrocarbons, and phenolic compounds) inhibited the germination rate and root elongation of Lettuce seed, as well as the bioluminescence of Microtox bacteria. When test biota were exposed to target chemicals, the sensitivity of Lettuce bioassay was relatively lower than that of Microtox bioassay. However, Lettuce bioassay may be a good candidate for prescreening the environmental toxicities of priority water pollutants, since the testing method with Lettuce seed was relatively easier and more economic than with Microtox bacteria. Toxicity tests were conducted to compare the validity and sensitivity of both bioassays for sediment from a small stream passed through urban area as well as leachate from a municipal solid waste landfill. From experimental results, we found that Lettuce test and Microtox test are compensated each other as a battery of bioassay for evaluating the environmental toxicities of field samples obtained from a small stream contaminated by pollutants.

• The Journal of Industrial Distribution & Business
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• v.5 no.1
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• pp.17-25
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• 2014

Purpose - Nowadays, the innovative design concept is being implemented in product design. In order to satisfy market trends and the demand for quality, designers should employ customer satisfaction questionnaires and analyze them with various experimental processes. Research design, data, and methodology - These methodologies would help designers have a better understanding of their customers and judge the market size and clustering validity, by diverse product strategies, for dealing with the rapid change prevailing in the market today. Results - By considering the innovative design with regard to telephones as an experimental case, the study investigates and demonstrates how the product can benefit from market-oriented and customized management concepts, when creative design ability is utilized for developing the product. Conclusions - Along with the benefit of having an innovative product value, the product can stimulate progress inthe development of the enterprise management, which has emerged as the main issue in the area of social and economic development in every developed country.

• Journal of environmental and Sanitary engineering
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• v.15 no.2
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• pp.85-94
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• 2000

The comparative evaluation is the most effective method for site selection because the selection of waste treatment facility is to determine the optimum site out of limited candidate sites. This study adopted the ordinal scale evaluation, one of methods of comparative evaluation. The ordinal scale evaluation aims to determine the investigating items referring to the character of sites, to determine the importance factors for investigating items, and to determine the optimum site according to the quantitative evaluation. This study has focussed on reflecting the opinion of residents to the maximum extent with a weight on social and economic aspects, considering the state of confrontation against each other between the autonomous government organization and local residents, which is being emerged as a social issue relating to the evaluation rating on each item of site selection of an optimum site. Therefore, rational, and clear validity investigations and proper reduction of both time and expenses in site selection as well through this a study.

• Proceedings of the Korean Society of Precision Engineering Conference
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• 1997.04a
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• pp.269-273
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• 1997

In order to maker unmanned machining systems with satisfactory performances, it is necessary to incorporate appropriate condition monitoring systems in the machining workstations to provide the required intelligence of the expert. This paper deals with condition monitoring for chatter, tool wear and fracture during turning operation. To develop economic sensing and identification methods for turning processes, sound pressure measurement and digital signal processing technique were proposed. We suppressed chatter by stability control methodology, which was studied through manipulation of spindle speeds regarding to chatter frequencies. It was shown that tool wear and fracture were identified and to be estimated by using the wear indices. The validity of the proposed system was confirmed through the large number of cutting tests.

• Proceedings of the Korean Society of Machine Tool Engineers Conference
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• 1998.10a
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• pp.164-169
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• 1998

This paper deals with condition monitoring for tool wear during tuning operation. To develop economic sensing and identification methods for turning processes, sound pressure measurement and digital signal processing technique are proposed. To identify noise sources of tool wear and reject background noise, noise rejection methodology is proposed. features to represent condition of tool wear are obtained through analysis using adaptive filter and FFT in time and frequency domain. By using fuzzy pattern recognition, we extract features, which are sensitive to condition of tool wear, from several features and make a decision on tool wear. The validity of the proposed system is condirmed through the large number of cutting tests in two cutting conditions.

• Proceedings of the Korean Society for Technology of Plasticity Conference
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• 1995.03a
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• pp.162-169
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• 1995

An improved nonparametric tool description based on successive refined monparametric patches is proposed and therlated criterion for refinement is also discussed . In the proposed sheme, any required order of tool surface conformity can be achieved by employing successive refinements accoring to the suggested criterion. By using the suggested adaptive tool refinement technique based on the nonparametric patch tool description, the locally refined nonparametric tool surface with economic memory size and sufficient accuracy as well as with favorable charateristics for contact treatment can be obtained directly form the parametric patch related with commerical CAD system. Computation is carried out for a chosen complex sheet forming example of an actual autobody panel in order to verify the validity and the efficiency of the developed tool surface description.

• Proceedings of the Korea Concrete Institute Conference
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• 1997.10a
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• pp.597-602
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• 1997

The compressive strength of horizontal joints in precast concrete large panel structures depends on parameters such as grout and panel strength, detail of joint, joint moment, width of grout column etc. As the panels are only connected at the pocket, it results in the reduction of compressive strength area. The purposes of this study are to develop the suitable grout material the joint pocket and to enable us to evaluate structural capacity. The validity of the design formulas provides us more economic system in construction. Test results of 15 specimens show that the proper construction procedure and grouting material develop the sufficient compressive strength of the wall as monolithic system.

• Journal of Arbitration Studies
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• v.8 no.1
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• pp.87-122
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• 1998

This study reports on the Arbitration system in the China International Economic and Trade Arbitration commission (CIETAC) and the International Arbitration problems of Korea and China. The Chines laws including Arbitration laws are influenced by the civil Code system Particulary the German system. China is contracting state of the U N Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958 New York Convention), which became effective in the China April 22, 1987. International Commercial Arbitration is popular in China. CIETAC is the sole International Commercial Arbitration body in China. CIETAC has two sub-commissions, on is shen zhem S E Z and the other in shanghai. The CIETAC rules, are similar to the rules in effect in Countries using a civil Code system. Both an agreement to submit an existing dispute to Arbitration and an Arbitration clause in a contract relating to future disputes are recognizeal as valiad Arbitration agreements. CIETAC has the power to make a decision on disputes concering the validity of the Arbitration agreements, or jurisdiction over a specicific case.

• KDI Journal of Economic Policy
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• v.37 no.4
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• pp.1-20
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• 2015

We examine the validity of popular exchange rate models such as the purchasing power parity (PPP) hypothesis and the monetary model for Korean won/US dollar exchange rate. Various specification tests demonstrate that Korean data are more favorable for both models based on time-varying cointegration coefficients as compared to those based on constant cointegration coefficients. When the abilities to predict future exchange rates between those models based on time-varying cointegration coefficients are compared, an in-sample analysis shows that the time-varying PPP (monetary model) has better predictive power over horizons shorter (longer) than one year. Results from an out-of-sample analysis indicate that the time-varying PPP outperforms models based on constant cointegration coefficients when predicting future exchange rate changes in the long run.