• The Journal of Asian Finance, Economics and Business
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• 제9권5호
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• pp.1-9
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• 2022

The study examines stock prices (LOGKSE) and exchange rate (LOGPK)-Pakistani Rupee vis-à-vis US Dollar- interactions in Pakistan. This study employs a multivariate VAR-GARCH model using monthly data from January 2012 to October 2020. The results of the Johansen cointegration test show that there is no relationship between Foreign Exchange Market and Stock Market in the long run. In the short-run, stock exchange returns are affected slightly negatively by the changes in the foreign exchange market, but the foreign exchange market does not seem to be affected by the ups and downs of the stock exchange. The VAR model and Granger Causality show that both markets are strongly influenced by their own lagged values rather than by the lagged values of one another and show weak or no correlation between the two markets. Volatility persistence is observed in both the stock and foreign exchange markets, implying that shocks and past period volatility are major drivers of future volatility in both markets. Thus greater uncertainties today will induce panic and consequently generate higher volatility in the future period. This phenomenon has been observed many times on Pakistan Stock Exchange especially. The results have important implications for local international investors in portfolio diversification decisions and risk hedging strategies.

• 디지털콘텐츠학회 논문지
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• 제13권3호
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• pp.385-392
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• 2012

공급자 관점의 상품시장 정의는 공정, 원자재, 상품기능의 유사성 등으로 세분시장을 정의함으로써 특정상황이 배제되고 불연속성에 대한 고려가 결여되어 있어 기업의 시장 활동에 여러 가지 문제를 발생시킬 수 있다. 이러한 정의는 다분히 정적이고 일반적이어서 시장의 여러 상황과 시간의 추이에 따른 시장변화를 표현, 예측하는 것이 매우 어렵다. 반면 고객지향의 시장 세분화는 특정 혜택이 추구되는 상황에서 대체 가능한 상품과 관련 고객들의 집합을 정의함으로써 획득 가능하다. 이러한 상품시장 정의는 시장에서 부상하는 위협과 기회를 발견하고 효과적인 실적평가와 효율적인 자원배분을 가능케 한다. 그러나 고객관점의 시장정의가 실제로 구현되기 위해서는 많은 전제조건이 있다. 즉, 고객의 행위와 판단에 관련된 충분한 자료의 확보가 가능해야 하며 이들 자료의 분석을 통해 의미 있는 정보를 제공할 수 있는 정보처리기법이 필요하다. 본 연구의 목표는 고객관점 상품시장 정의가 귀납적 방법에 상당히 근거한다는 데 착안하여 데이터 마이닝 기술을 활용하여 실제적 적용에 어려움이 많은 고객관점의 시장 세분화를 지원할 수 있는 방안을 제시하는 데 있다.

• 유통과학연구
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• 제14권12호
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• pp.79-87
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• 2016

Purpose - Since 1990, the sudden stop in capital flows has caused the economic crisis. The purpose of this research is to suggest the policy measures to mitigate the risk of the sudden stop in capital flows. To this end, we examine the theoretical framework and analyze the case study for countries which are faced with the sudden stop. Also we examine the structural problems of the foreign exchange market in Korea and derive the policy implications to prevent the sudden stop. Research design, data, and methodology - The criteria of whether the sudden stop in capital flows occurs are based upon Calvo et al. (2008). In case the proxy variable for the balance of capital account decreases from the average by over twice standard deviation, we determine that the sudden stop occurs for that country. The sample period is from January 1990 to December 2008, as in Calvo (2014). The sample countries are 17 developed countries and 19 emerging market countries, which are different from those of the previous papers as Agosin and Huaita (2012), and Calvo (2014). When the exchange market pressure index(EMPI) is deviated from the average by over three times standard deviation, we determine that the foreign exchange market is unstable for that country. Results - We find that the characteristics of the sudden stop in capital flows are the bunching or contagion among countries, the rapid drop in real effective exchange rate, and the huge decrease in foreign exchange reserves. Many countries tried to increase foreign exchange reserves and regulate capital flows. Also the foreign exchange market in Korea are found to be the volatile exchange rate, the vulnerable external debt and careless management of the foreign exchange derivatives transaction risk. Conclusions - To lessen the risk in the sudden stop of capital flows, this research suggests the some useful policy measures. To enhance the foreign exchange and distribution market stability, we should improve the price mechanism of exchange rate, hold the appropriate level of foreign exchange reserves, prevent excessive inflows of foreign exchange and promote sound transactions of foreign exchange derivatives.

• Advances in environmental research
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• 제8권1호
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• pp.71-84
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• 2019

Effective waterproofing of structures was a compulsory constraint to avoid leaks and dampness or humidity in walls, ceilings, roofs underground tank and underground room. Traditionally used methods of roof waterproofing were bitumen with tinny seared clay tiles are very troublesome, overwhelming time and involving high labor cost. These waterproofing methods are not allocation the purpose due to their intrinsic disadvantages. Prepackaged polymer modified slurries (PPPMS) are now attainment the vogue and easy to use, easily available in the market, cheaper in cost and more workable than the traditional methods of waterproofing. An experimental study has shown that prepackaged polymer modified slurries (PPPMS) are superior in cost and performance to as a roof water proof coatings. Bituminous coatings were mixed with water and different combination of prepackaged polymer modified slurries and primer respectively, to find optimum coverage underneath worst atmospheric conditions. Every specimen of different proportioned was applied on plane roofs and through the passage of time, their performance was checked, assessed and associated with each other. The roof of approximately 40000 ft² area of prepackaged polymer modified slurries was used will give us hundred percent result (no water seepage or no water absorption) therefore no complaints as compare to roofs area of approximately 24000 ft² bituminous coating was used for waterproofing they have shown the result of 30 to 40 percent water seepage. This result shows that prepackaged polymer modified slurries were two times cheaper than bituminous coating. Comparing an equal number of surfaces coated with a polymer modified prepackaged mortar and bitumen the prepackaged polymer modified slurries (PPPMS) showed excellent performance, ease of application and low bitumen coating cost.

• 패션비즈니스
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• 제14권5호
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• pp.195-215
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• 2010

The emergence of the luxury market has led numerous academic researchers, as well as marketers in the luxury market, to pay attention to both identifying luxury brand features and measuring perceptions toward luxury brands. Especially, Korea is a significant emerging market for luxury goods. Young consumers and male consumers are getting into the luxury market fast and these new segments will keep increasing. There are only a few studies related to distinctive definitions of luxury brands and measurement development for the Korean market. However, there are some limitations in these previous studies in that they did not capture the nature of luxury due to their inappropriate of subjects and approach in data collection and to lack of a perspective of Korean specific features. Thus, the purpose of this research is to identify Korean consumers' perceptions toward luxury products and, ultimately, to develop a reliable and valid measurement items for the luxury products' features for the Korean market. Defining the three high constructs(functional, emotional, and symbolic aspects) as a key needs and benefits on luxury brands, we looked at four stages of development for generating and deducting items by luxury industry experts and luxury consumers, as well as for testing measures by 20th~60th consumers. As a result, this study confirmed that luxury brands consists of high quality, high price, unique design, and luxury store; the emotional aspect construct combines craftsmanship, VIP service, and high social status; and the symbolic construct includes brand heritage and being a well-known brand. Finally, 22 measurement items (Measures of Luxury Brand for Korea: LBK) were developed for the conceptual features for luxury brands from a Korean perspective. This study provided understanding of Korean consumers' perceptions toward luxury brands from an academic perspective. For the managerial implication of this study, LBK can be utilized to judge both luxury brands and mass brands, to diagnose current a brand's luxuriousness, from the customer's point-of-view, and, finally, to measure a Key Performance Index (KPI) of luxury brand companies.

• 한국콘텐츠학회:학술대회논문집
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• 한국콘텐츠학회 2014년도 춘계 종합학술대회 논문집
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• pp.193-194
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• 2014

This paper provides the market opportunity analysis process and technology providing matching process based on the efficient quantitative analysis of a large amount of papers and network analysis. In the future, it is required to analyze and complement the quantitative analysis result by commercialization experts and to build emerging issue database.

• 산업공학
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• 제10권2호
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• pp.91-97
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• 1997

A mass production system was implemented to reduce a manufacturing cost in a way of copying with a strong world market competition. However customer's demands are changing so rapidly and the mass production system is no longer competitive to meet the demands. FMS(Flexible Manufacturing System) has been introduced as a replacement for the mass production system, but it still does not meet system's requirements. A new manufacturing system, called a holonic manufacturing system (HMS), is emerging. This paper is giving a first approach of a HMS for a multirobot cooperative process.

• 기술혁신학회지
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• 제4권3호
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• pp.323-341
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• 2001

In this paper, we analyse the competitiveness of Korean If sector with international trade data. We focus on importance of emerging Chinese IT sector. It is specifically summarized as follows. First, China as competitor in US market reveals relative disadvantage than Korea. Next, Korea has lost competitiveness in China. To make a international comparison we work hard In set up trade data of specific country.

• 한국정밀공학회:학술대회논문집
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• 한국정밀공학회 1996년도 춘계학술대회 논문집
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• pp.512-515
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• 1996

A mass production system was implemented to reduce a manufacturing cost in a way of copying with a strong world market competition. However customer's demands are changing so rapidly and the mass production system is nolonger competitive to meet the demands. FMS (Flexible Manufacturing System) has been introduced as a replacement for the mass production system, but it still does not meet system's requirements. A new manufacturing system, called a holonic manufacturing system(HMS), is emerging. In this paper it is introduced an autonomous cooperative system under the concept of HMS.

• 대한전자공학회:학술대회논문집
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• 대한전자공학회 2006년도 하계종합학술대회
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• pp.289-290
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• 2006

With increasing the volume of digital multimedia market, the security and multimedia content protection issues are arising. Interest in H.264/AVC is emerging and special features in H.264/AVC element stream must be considered. We developed a new algorithm which scrambles and descrambles H.264/AVC element stream in compressed domain using manipulating CABAC initialization table and DCT coefficients. Extensive experimental results indicate that the proposed algorithm is effective and promising.