• Journal of the Korean Society of Marine Environment & Safety
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• v.8 no.2
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• pp.53-60
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• 2002

Marine biotechnology is one of the promising frontier of scientific exploration and commercial utilization for the next century. Compared with the terrestrial environment, the oceans of the world remain largely unexplored and include a major portion of bio-resources. Using the tools of biotechnology, the vast and diverse marine resources can be applied to produce new products and foods. Marine biotechnology has the characteristics of pro-environment, saying energy, and intensive knowledge. Therefore, we can take advantage of the marine biotechnology industry under our situation with the poor natural resources. The study focuses on the current status and administrative supports on marine biotechnology industry for upgrading the economic value of output. The status of our marine biotechnology industry is beginning stage in the economic aspects. Manpower and the level of most technologies are weaker than the ones of the advanced countries. More investment and recruiting skilled specialists are necessary because the improvement of marine biotechnology is depend on the technology and scientists. This study suggests the ways of administrative supports for domestic marine biotechnology: Efficient information network and supporting system for the development of marine biotechnology should be interrelated with other technical and scientific fields; The government should provide sustainable fund for the long-term research project and the infrastructure in the marine biotechnology.

• Industrial Engineering and Management Systems
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• v.14 no.3
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• pp.299-311
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• 2015

Nowadays, the distribution centres aim to reduce costs by reducing inventory and timely shipment. Cross docking is a logistics strategy in which products delivered to a distribution centre by inbound trucks are directly unloaded and transferred to outbound trucks with minimum warehouse storage. Moreover, on-time delivery in a distribution network becomes very crucial especially when several distribution centres and customers are involved. Therefore, an efficient truck scheduling is needed to synchronize the delivery throughout the network in order to satisfy all stake-holders. This paper presents a mathematical model of a mixed integer programming for door assignment and truck scheduling in a multiple inbound and outbound doors cross docking problem according to Just-In-Time concept. The objective is to find the schedule of transhipment operations to simultaneously minimize the total earliness and total tardiness of trucks. Then, a multi-objective differential evolution (MODE) is proposed with an encoding scheme and four decoding strategies, called ITSH, ITDD, OTSH and OTDD, to find a Pareto frontier for the multi-door cross docking problems. The performances of MODE are evaluated using 15 generated instances. The numerical experiments demonstrate that the proposed algorithm is capable of finding a set of diverse and high quality non-dominated solutions.

• The Korean Journal of Financial Management
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• v.9 no.1
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• pp.1-23
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• 1992

CCAPM이 한국증권시장(韓國證券市場)에서 현실적(現實的)으로 성립가능한가에 대한 실증적 검증을 하였으며, 또한 시장(市場)포트폴리오와 대응되는 총소비지출의 성장률이 사전적(事前的)으로 효율적 프론티어(efficient frontier)상에 놓여 있는가에 대한 검증을 실시하였다. 이와 아울러 전통적인 S-L CAPM도 검증함으로써 CCAPM과 S-L CAPM을 비교분석(比較分析)하였다. 통계적 기법은 비선형하(非線型下)의 무관회귀분석과 GLS를 이용하였다. 1980년 1/4분기부터 1990년 4/4분기까지의 분기별 자료를 이용하여 분석한 결과, CCAPM은 전기간(全期間)을 표본으로 한 경우에 기대수익률과 위험과의 선형관계(線型關係)가 기각되었다. 그리고 전기간(全期間)을 전반기(前半期)와 후반기(後半期)로 나눈 하위기간별(下位期間別) 분석(分析)에서도 마찬가지의 결과를 얻었다. 한편 S-L CAPM의 경우에는 전기간(全期間)과 전반기(前半期)에는 선형관계가 기각되었으나 후반기(後半期)에는 채택되었다. 즉 후반기에는 위험프레미엄의 추정치가 0.05834이고 t값이 2.525로 매우 유의적이었으며 절편의 값이 통계적으로 0과 다르지 않아 실질무위험이자율(實質無危險利子率)이 0%로 추정되었다. 그런데 이는 실제로 3개월의 정기예금이자율과 소비자물가지수를 고려하여 구한 것과 일치함을 보였다. 그리고 이에 사용된 한국종합주가지수의 사전적(事前的) 효율성(效率性)은 전기간(全期間)과 하위기간(下位期間) 모두에 있는 것으로 판명되었다. 한편, CCAPM이 한국증권시장에서 기각되는 이유 중의 하나는 경기순환에 따른 생산활동(生産活動)이 즉시적으로 개별증권의 수익률에 영향을 주나 총소비지출은 이보다 비탄력적(非彈力的)인데 따른 것으로 생각되었다.

• Journal of Korean Society for Quality Management
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• v.38 no.3
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• pp.463-474
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• 2010

In this study, we evaluate the efficiency of Construction Industry using Data Envelopment Analysis(DEA). Since the Construction Industry has been traditionally operated through competition, it is important to measure the efficiency. In this paper, we empirically analyze the Efficiency of the 50 Korean Construction Industry. In detail, we used the scale of efficiency in order that efficiency cannot be affected by the total technical efficiency of each company and the scale of DMU by applying CCR or BBC model. Also, we analyzed the changes of measurement DEA model score. we adopted the basic DEA, RTS Region and MPSS(Most Productive Scale Size) method which are combined with efficiency measurement model in order to analyze the operational status. Furthermore, by complementing the shortfalls of the scale efficiency value of the DEA Model, RTS Region Model can be recommended to be appropriate in the evaluation of ideal input/output Quantity. In particular, input variables are total assets, construction capacity, the technical staff and output variables are sales volume, operating income. The result of RTS Region and MPSS shows that 9 DMUs of the efficiency frontier in the Construction Industry are analyzed to be relatively efficient DMUs, and 41 DMUs are analyzed to be inefficient DMUs, and finally inefficient DMUs are separated with Region 1 and Region 6.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.10
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• pp.47-56
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• 2021

It is unavoidable for businesses, especially commercial banks, to compete with other firms and financial institutions in a globalized and internationalized world. Basel I, II, and III were developed by the Basel Committee on Banking Supervision with the primary purpose of supporting banks in dealing with potential risks and enhancing their ability to absorb losses. Basel II and III require the minimum capital adequacy ratio (CAR) of 8% and 10.5%, respectively. This paper estimates the optimal CAR of 26 commercial banks in Vietnam from 2016 to 2020 using the two-stage DEA method. According to the empirical findings, banks with ideal CARs exceeding 8% (as defined by Basel II) and 10.5 percent (as defined by Basel III) account for approximately 98 percent and 88 percent of all banks, respectively. Furthermore, 75.83 percent of all banks need to boost their existing CAR to achieve the optimal level of CAR as well as obtain the best performance. On average, the optimal CAR of state-owned banks is higher than other joint-stock banks, respectively 26 percent and 19 percent. Consequently, it is recommended for Vietnam commercial banks to reach optimal CAR and comply with the new policy set by Basel III with the purpose of approaching the efficient frontier.

• Computers and Concrete
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• v.27 no.3
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• pp.253-268
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• 2021

The present paper treats the free vibration problem of the masonry wall strengthened with thin composite plate by viscoelastic adhesive layer. For this goal two steps are considered in the analytical solution. In the first one, an efficient homogenisation procedure is given to provide the anisotropic properties of the masonry wall. The second one is dedicated to purpose simplified mathematical models related to both in-plane and out-of-plane vibration problems. In these models, the higher order shear theories (HSDT's) are employed for a more rigours description of the shear deformation trough the masonry wall and the composite sheet. Ritz's method is deployed as solution strategy in order to get the natural frequencies and their corresponding loss factors. The obtained results are validated with the finite element method (FEM) and then, a parametric study is undertaken for different kinds of masonry walls strengthened with composite sheets.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.22 no.1
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• pp.103-110
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• 2022

This paper deals with portfolio optimization problem that you could lower the total risk of an investment portfolio by adding risky assets to the mix than the minimum risk of single asset. Popular Markowitz's mean-variance(MV) model construct the portfolio with the point in the efficient frontier using principle of domination where the variance is minimized for a given mean return. While this paper suggest the portfolio with minimum risk asset with non-positive(negative and uncorrelated) correlation assets to it. As a result of experiments, the proposed method shows lower risk(standard deviation) than MV.

• Advances in materials Research
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• v.12 no.1
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• pp.43-65
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• 2023

Free vibration analysis of power law and sigmoidal sandwich plates made up of functionally graded materials (FGMs) has been carried out using finite element based higher-order zigzag theory. The present model satisfies all-important conditions such as transverse shear stress-free conditions at the plate's top and bottom surface along with continuity condition for transverse stresses at the interface. A Nine-noded C0 finite element having eleven degrees of freedom per node is used during the study. The present model is free from the requirement of any penalty function or post-processing technique and hence is computationally efficient. The present model's effectiveness is demonstrated by comparing the present results with available results in the literature. Several new results have been proposed in the present work, which will serve as a benchmark for future works. It has been observed that the material variation law, power-law exponent, skew angle, and boundary condition of the plate widely determines the free vibration behavior of sandwich functionally graded (FG) plate.

• Steel and Composite Structures
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• v.48 no.6
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• pp.611-623
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• 2023

This work considered an optimal control formulation in the sense of Caputo derivatives. The optimality of the fractional optimal control problem. The tumor immune interaction in fractional form provides an excellent tool for the description of memory and hereditary properties of inter and intra cells. So the interaction between effector-cells, tumor cells and are modeled by using the definition of Caputo fractional order derivative that provides the system with long-time memory and gives extra degree of freedom. In addiltion, existence and local stability of fixed points are investigated for discrete model. Moreover, in order to achieve more efficient computational results of fractional-order system, a discretization process is performed to obtain its discrete counterpart. Our technique likewise allows the advancement of results, such as return time to baseline that are unrealistic with current model solvers.

• Environmental and Resource Economics Review
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• v.20 no.2
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• pp.335-356
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• 2011

In this paper, we attempted to suggest a way to evaluate appropriateness and efficiency for the energy consumption structure. For this, based on Markowitz (1952)' mean-variance portfolio model, we constructed an optimal fossil fuel mix. In constructing the optimal mix, we first defined returns on fossil fuels (oil, coal and natural gas) as TOE (Ton of Oil Equivalent) per $1. Then, by using the dynamic latent common factor model, we decomposed the growth rates of the returns on each fossil fuel into two parts : the common part and the idiosyncratic part. Finally, based on the results from the dynamic latent common factor model, we constructed the optimal fossil fuel mix implied by the mean-variance portfolio model. Our results indicate that for the fossil fuel mix to be on the efficient frontier, it is crucial to reduce oil consumption as low as possible. Moreover, our results imply that it is more efficient to increase natural gas consumption rather than coal consumption in reducing oil consumption. These results are in line with the strategies for the future energy consumption structure pursued by Korea and indicate that reduction in oil use can improve overall efficiency in energy consumption.