• Title/Summary/Keyword: Future Return

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A Study on Countermeasure for CCN Interest Flooding Attack (콘텐츠 중심 네트워킹 환경에서의 Interest Packet Flooding 대응 연구)

  • Kim, DaeYoub
    • Journal of Korea Multimedia Society
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    • v.16 no.8
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    • pp.954-961
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    • 2013
  • To enhance the efficiency of network, content-centric networking (CCN), one of future Internet architectures, allows network nodes to temporally cache transmitted contents and then to directly respond to request messages which are relevant to previously cached contents. Also, since CCN uses a hierarchical content-name, not a host identity like source/destination IP address, for request/response packet routing and CCN request message does not include requester's information for privacy protection, contents-providers/ network nodes can not identify practical requesters sending request messages. So to send back relevant contents, network nodes in CCN records both a request message and its incoming interfaces on Pending Interest Table (PIT). Then the devices refer PIT to return back a response message. If PIT is exhausted, the device can not normally handle request/response messages anymore. Hence, it is needed to detect/react attack to exhaust PIT. Hence, in this paper, we propose improved detection/reaction schemes against attacks to exhaust PIT. In practice, for fine-grained control, this proposal is applied to each incoming interface. Also, we propose the message framework to control attack traffic and evaluate the performance of our proposal.

Effect of Korean Service Quality Awards on the Market Value by using Event Study Methodology (한국의 서비스 품질상 수상이 기업가치에 미치는 영향 : 사건연구방법론적 접근)

  • Oh, Byoung-Sub;Park, Ji-Young;Chung, Soong-Hwan;Choi, Kang-Hwa
    • Korean Management Science Review
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    • v.27 no.3
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    • pp.161-196
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    • 2010
  • This paper empirically investigates the impact of winning a service quality award on the market value in Korea. We estimates the mean "abnormal" change in the stock prices of sample firms when information of winning a service quality award was publicly announced. To access the validity of the research question, this paper employed collected 47 firms data that received the Korean Service Quality Awards so far. Event study methodology was used to analyze the effect of Korean service quality awards. The findings are as follows; The average abnormal returns on the event date are not significant at the 0.05 level which means that the receiving Korean Service Quality Awards has no influence on the firms' market value. On the other hand successive awarded firms have an increasing effect on the market value and it is significant at the 0.05 level. Furthermore, the results show that the factors of firm size such as firm's total assets are critical to vary the firms' abnormal returns. There might be some limitations in this study. The most obvious problem is the limitation of sample size. Although 518 sample cases were found during the period from 2000 to 2008, most of the cases were deleted according to the sample criteria. We are expecting the future research with more data and more precise results. Furthermore, our research consider the only two service award institutions even though there are several different service award authorities in Korea. It is needed to expand the research scope and range to adopt the various service award institutions for the future work.

Comparative Study of Welfare Facility Policies for the Elderly in Korea and Japan (한국과 일본의 노인복지시설 관련정책의 비교 고찰)

  • Nam, Yun-Cheol
    • Journal of The Korean Digital Architecture Interior Association
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    • v.13 no.4
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    • pp.109-117
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    • 2013
  • The purpose of this study is to present our elderly welfare policy and welfare facilities for the elderly and to propose the future direction of policy for the elderly with comparison to that of Japan. The comparative study results of Korea and Japan are as follows: As the basis of elderly welfare, care insurance for the elderly is now fixated in the two countries. On the other hand, for quantitative expansion in Korea, the quality level has been gone down. Due to qualitative evaluation, the growth of facilities has slowed and material welfare providers was also a decline in the number of operators. Two countries in the field of community welfare in recent years has been actively promoting. It is the most important to solve the social welfare problem with local councils who know the area, which is a part of the future to focus and to support. Due to huge construction investment of facility, there is the burden of operators. This facility is appropriate for an extension of the home. However, it is in the hard economic times. Until now, the number of people in a room is at least four according to the legal standard of Korea, there are a few private rooms. On the other hand, in Japan, unit-care was phased since 2002 and private rooms have been expanded. In Japan, health center for the elderly plays an important role with special elderly nursing home among facilities for the elderly. Health center provides services that are recovering, nursing, and caring to support independence for the elderly after acute phase of treatment. As treatment and care, the aim of health center is to return the elderly to home. On the other hand, there are a few health centers for returning the elderly to home in Korea. Furthermore, in Japan, a project for preventive care has been begun. The project is needed in Korea.

Current Issues and Future Considerations in Undergraduate Medical Education from the Perspective of the Korean Medical Doctor Development System (우리나라 의사양성체제의 관점에서 본 의과대학 교육의 문제점과 개선방향)

  • Han, Jae Jin
    • Korean Medical Education Review
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    • v.20 no.2
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    • pp.72-77
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    • 2018
  • Observation of the current Korean medical education and training system shows that certain negative traits of unchangeable solidification engraft themselves so deeply into the overarching system that they are now hampering the state of the national health welfare. Focusing only on undergraduate medical education, we can point out some glaring side-effects that should be of concern to any stakeholder. For instance, a graduate can legally begin his career as an independent practitioner immediately after passing the licensing exam and return to the old stuck school-year system of 2-year-premedical and 4-year-medical programs where outcome-based and integrated curricula are incomplete and unsatisfactory. In terms of learning opportunities, the balance between patient care and public health, as well as that between in-hospital highly specialized practice and community-based general practice, has worsened. Every stakeholder should be aware of these considerations in order to obtain the insight to forge a new direction. Moreover, our medical schools must prepare our students to take on the global roles of patient care within the Fourth Industrial Revolution, health advocacy for the imminent super-aged society, and education and research in the bio-health industry, by building and applying the concept of academic medicine. We will need to invest more resources, including educational specialists, into the current undergraduate medical education system in order to produce proper outcomes, smart curriculum, innovative methods of teaching and learning, and valid and reliable monitoring and evaluation. The improved quality of undergraduate medical education is the starting point for the success of the national system for public health and medical care as a whole, and therefore its urgency and significance should be emphasized to the public. The medical society should go beyond fixing what is broken and usher in a new era of cooperation and collaboration that invites other health professionals, governmental partners, law-makers, opinion leaders, and the general public in its steps toward the future.

Study on Ethnic Style Shown in Anna Sui's Collections (안나 수이 컬렉션에 나타난 에스닉 스타일에 관한 연구)

  • Byun, Mi-Yeon;Lee, Ji-Eun;Lee, In-Soeng
    • The Research Journal of the Costume Culture
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    • v.15 no.1 s.66
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    • pp.127-136
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    • 2007
  • Modern society shares new culture derived from the fusion of various cultures unlike the past culture regulating one phenomenon of certain field as the representative icon of the era. Especially, the phenomenon of globalization acts as the catalytic agent to receive coexistence of variousness easily. Especially, in fashion industry, these flows and the view of naturalism are harmonized and new fashion trend called 'Ethnic' was embossed. As it reflects internal spirit of human being that wants to return to the memory due to expansion of material civilization, the interest in the designer pursuing it is increasing. This study tries to consider the Ethnic style displayed by Chinese American designer, Anna Sui, who pursues the eastern style with full wit and individuality. Anna Sui, who was praised by New York Times for 'the superb harmony of houte couture style and up-to-date style', created another fashion trend, romanticism in New York and she is the worldwide designer representing Ethnic. Like it, the consideration on her Ethnic style reanalyzing as eastern style provides guidance to check how designer's fashion philosophy appears in one category of America and China and new study material that enables us to understand the third world culture code as well as Anna Sui. This confirmation has the meaning as the basic material for the endless challenge to the new style that fashion will go on in the future. Anna Sui was confirmed to have been recognized as a designer who represented the ethnic collection in the United States, exerting the influence with her unique oriental background. Moreover, her design could identify the pivotal point of ethnic image by developing her unique style which is distinct from other designers in terms of silhouette, color, fabric, detail, and so on. This kind of study can provide the basic data required to understand the fashion world of designer in the future.

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Making Consumer to Buy Funds: Factor Portfolio in Global Stock Distribution Market (일반 소비자의 공모펀드 구매유인 제고 방안: 글로벌 주식유통시장에서 요인포트폴리오 활용)

  • LIU, Won-Suk
    • Journal of Distribution Science
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    • v.17 no.9
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    • pp.117-125
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    • 2019
  • Purpose - We investigate how to increase consumer incentives to buy public offering funds, resulting in activating the public offering fund market. In particular, this study aims to find ways to expand diversity and to improve efficiency of public offering fund. The public fund market of Korea has been stagnant in recent years. However, the public offering fund market plays a very significant role in terms of consumer welfare. Since only a few wealthy investors can participate in the private equity market, the stagnation in the public offering fund market usually reduces the opportunity of consumer's buying funds thus ultimately affecting their future wealth. Research design, data, and methodology - To attain our purpose, the 'factor-based portfolio strategy' has been considered. It is an alternative portfolio strategy, which composites the advantages of the passive management and active management. For our empirical anaylsis, we used global stock distribution market data over the period of 1991 and 2016. Then we constructed portfolios based on firm-size, firm-value, and momentum. Finally, a regression model was set, then hypotheses were tested, analyzing the performances. Results - First, among the 15 factor-based portfolios of global, Europe, Asia-Pacific(ex Japan), US and Japan, in eight portfolios, positive excess returns are observed at 5% significance level. Further, there is another portfolio with positive excess return at 10% significance level. Second, most of the portfolios with significant excess performance show positive relationship with the market portfolio. However, the firm-value based portfolio in Asia-Pacific region shows no relationship, and the firm-value based portfolio in US shows negative relationship. Third, we confirmed that the two firm-value factor portfolios in Asia-Pacific region and US, not having positive relationship with market portfolio, provide significant excess returns. Conclusions - In this paper, we provide empirical evidences supporting that the factor-based portfolios expand the diversity of funds and improve the efficiency of investment performance. However, there is no guarantee that the efficiency will continue in the future. In addition, various constraints and costs must be considered. Nevertheless, our novel findings in the advanced financial market such as US and Asia-Pacific are very interesting and offers important implications.

An One-factor VaR Model for Stock Portfolio (One-factor 모형을 이용한 주식 포트폴리오 VaR에 관한 연구)

  • Park, Keunhui;Ko, Kwangyee;Beak, Jangsun
    • The Korean Journal of Applied Statistics
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    • v.26 no.3
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    • pp.471-481
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    • 2013
  • The current VaR Model based on J. P. Morgan's RiskMetrics has problem that actual loss exceeds VaR under unstable economic conditions because the current VaR Model can't re ect future economic conditions. In general, any corporation's stock price is determined by the rm's idiosyncratic factor as well as the common systematic factor that in uences all stocks in the portfolio. In this study, we propose an One-factor VaR Model for stock portfolio which is decomposed into the common systematic factor and the rm's idiosyncratic factor. We expect that the actual loss will not exceed VaR when the One-factor Model is implemented because the common systematic factor considering the future economic conditions is estimated. Also, we can allocate the stock portfolio to minimize the loss.

Analysis on Chinese companies with Introduction of the IFRS and the Conservatism Features (중국기업의 국제회계기준 도입과 보수주의 특성 분석)

  • Kim, Dong-Il
    • Journal of Digital Convergence
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    • v.14 no.8
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    • pp.105-113
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    • 2016
  • This study analyzed and verified panel data based on CSMAR (China Stock Market & Accounting Research) DB from 2002 to 2014 in order to find out significant differences of conservative accounting before and after Chinese companies adopted international accounting standards. Financial changes in companies can occur at the point of change in accounting standards, and as the difference would affect conservative accounting, it is important to understand conservatism in financial transaction. In this study, earnings per share and price, return on equity, and debt ratio were measured. As a result of analysis, conservative accounting has increased after the introduction of accounting standards, and as the debt ratio was higher, the proportion of conservative accounting was higher. Thus, at a certain point of change in accounting standards, companies apply conservative accounting in order to improve reliability in an unstable future financial environment. Therefore, this study is expected not only to practically influence business practice in changes in GAAP rules but also to provide useful guidance for future studies.

Effects of Agricultural Reservoir Rehabilitation on their Flood Control Capacities (농업용 저수지 둑 높이기에 따른 홍수조절효과 분석)

  • Jun, Sang Min;Kang, Moon Seong;Song, Inhong;Hwang, Soon Ho;Kim, Kyeung;Park, Jihoon
    • Journal of The Korean Society of Agricultural Engineers
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    • v.55 no.6
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    • pp.57-68
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    • 2013
  • About 74 % of reservoirs in Korea are older than 40 years and their storage capacities have been decreased substantially. As part of reservoir reinforcement, the dam heightening project has been ongoing for about 110 reservoirs. The main purpose of the dam heightening project is to secure additional environmental water, while improving flood control capacity by gaining additional storage volume. The objective of this study was to evaluate reservoir flood control capacity changes of dam heightening reservoirs for effective management of additional storage volume. In this study, 13 reservoirs were selected for reservoir simulation of 200 year return period floods. Rainfall data of 1981-2100 were collected and divided into 4 periods (1981-2010; 1995s, 2011-2040; 2025s, 2041-2070; 2055s, 2071-2100; 2085s). Probability rainfalls and 200yr design floods of each period were calculated using FARD2006 and HEC-HMS. Design floods were used as inputs of each reservoir simulation using HEC-5. Overall, future probability rainfalls and design floods tend to increase above the past 1995s. Control ratios were calculated to evaluate flood control capacities of reservoirs. As a result, average flood control ratios were increased from 32.6 % to 44.2 % after dam heightening. Control ratios were increased by 12.7 % (1995s), 12.4 % (2025s), 10.3 % (2055s) and 10.9 % (2085s). The result of this study can be used as a basis for establishing the reservoir management structure in the future.

The Effect of Portal Search Intensity on Stock Price Crash (포털 검색 강도가 주가 급락에 미치는 영향에 관한 연구)

  • Kim, Min-Su;Kwon, Hyuk-Jun
    • The Journal of Society for e-Business Studies
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    • v.22 no.2
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    • pp.153-168
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    • 2017
  • Recent studies focus on the role of investor attention and transparency in stock-related information in explaining stock return and trading volume. Moreover, recent literatures predict that firm opacity will increase the likelihood of future stock price crashes. In this paper, we investigate, using Naver Trend, the relation between portal search intensity and stock price crash. Using various alternative measures of stock price crash risk and search intensity, we demonstrate that stocks with larger volume of portal search are less likely to experience stock price crashes. These results are consistent with our hypothesis that accumulated firm opacity cause future stock price crash. Finally, our results still hold even after we control for the potential effect of endogeneity in the regression specifications.