• Title/Summary/Keyword: Growing Distribution

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Long Term Impact of Distribution Information Technology Investment on Firm Value (무선인식 유통정보기술 투자가 장기 주가수익률에 미치는 영향에 관한 연구)

  • Son, Sam-Ho
    • Journal of Distribution Science
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    • v.17 no.3
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    • pp.69-83
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    • 2019
  • Purpose - This paper investigates the long term impact of RFID investment on firm value in Korea. We wand to find out why the long term performance of some firm's RFID investment is better than others. To understand the dynamics of the long term returns from RFID investment announcements, we divide our events into groups for each of the independent firm characteristic variable such as investment time period, kind of markets, industries, solvency and growth potential. We composed portfolios based on the RFID investment announcement date for each group and evaluate the monthly abnormal excess returns. Research design, data, and methodology - Based on these calendar-time portfolios, we measure the long term returns from 86 RFID investment announcements of 46 firms from 2003 to 2017. We construct the calendar-time portfolio for 3, 6, 9, 12 months of holding periods. Using the weighted least squares method, we regress the raw monthly returns of the portfolios on the Fama-French model and Carhart(1997) model. As a result, we can get the estimated risk adjusted mean monthly abnormal excess return αP for each of the calendar-time portfolio. Results - We found that early adopters, large firms, non-manufacturing firms have very significant excess returns. We also found modestly significant excess returns for financially stable firms and slow growing firms. Put together, top managers of the firms which plan to invest RFID should understand the strategic role of RFID adoption and the generalized business process of distribution information technology investment in Korea. Moreover, the findings of this paper provide useful trading strategies to the managers of large funds who are considering on investing in RFID adopting firms. Conclusions - Put together, the results of this paper give us a new insight into how the RFID and IT technology in general and other characteristic factors' interactions affect the long term performance of firms. Using the unbiased estimates of long term returns of the calendar-time portfolios, this paper extends the understandings on short term impact of RFID adoption of existing studies. This paper also extends the current understandings of firm characteristics that affect the long term performance of RFID adopting firms.

Consideration of Domestic Category Killers for Distribution Environment

  • Kim, Moon-Sook;Kim, Hyeon-Ju
    • The International Journal of Costume Culture
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    • v.2 no.1
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    • pp.31-42
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    • 1999
  • The category killer that has been rapidly growing mainly in advanced countries since early 1990's, is a mew distribution model which aims for obtaining market controlling power by surpassing competing businesses in a specific area of products. The domestic situation of category killers is very different from that of advanced ones abroad since it has just been introduced into the Korean market. At the moment, there are only 10 or so companies operating in the market : Geopyung's , Taeheng's , Midopa's , of Sinsegye Department store, adn of Yerim International. The purpose of this study is to examine problems of domestic companies in the present market by analysing the operation status of category killers in domestic markets as well as foreign ones, and to suggest a counter-strategy of category killers for the distribution environment of the 21st century to improve the competitiveness of Korean distribution industry. The competitiveness of category killers lies above all in products lines. Category killers are equipped with the greatest number of products lines among those of competing businesses due to maximized product selections in an limited range. Another source of competitiveness may be found in balanced strategy positioning. That is to say, category killers are in a position where they can adjust policies towards any of the three purposes while aiming at them altogether : prices of discount stores, products range of specialty stores, and customer service level of department stores. It is also necessary for efficient store operation to use information technology such as electronic data interchange (EDI), electronic pose system(EPOS) and electronic funds transfer (EFTPOS). As for the cost structure, category killers can gain an advantage over other business since operating cost of various sections can be saved. There are, however, certain risks that category killers with strong competitiveness may influence on other businesses a great deal and even facilitate their decline. Yet it seems that the growth of category killers will be more viciously restrained by continuous challenges from other businesses. The distribution industry is supposed to develop through such competition and restraint.

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An Environmental Impact Assessment Based on the Benthic Macrofauna in Chinhae Bay, Korea - An Application of Some Graphic Methods by Distribution Pattern of Individuals Among Species - (해양 저서동물 군집을 이용한 진해만의 환경 평가 - 종별 개체수 분포 특성에 따른 그래프 분석기법의 적용 -)

  • LIM Hyun-Sig;HONG Jae-Sang
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.27 no.5
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    • pp.659-672
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    • 1994
  • Four simple plotting techniques using the distribution of individuals among species were applied and the results discussed to evaluate the methods for detecting organic pollution-induced perturbation in marine benthic communities in Chinhae Bay, Korea: Rarefaction method, Abundance-Biomass Comparison method, Log-Normal Distribution method and Rank-Frequency Diagram method. Their distribution curves offered more information on the community structure than other frequently used diversity indices and distinguished clear evidence of an effect of environmental pollution with gradient. However, the Abundance-Biomass Comparison method could not be considered applicable due to the presence of larger slowly growing K-strategists in a polluted area of the inner Chinhae Bay, Korea.

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Growth Pattern and Species Composition by Landform and Seaside Distribution of Peucedanum japonicum Thunb. Community Group in Korea (갯기름나물 군락군의 해안과 지형 별 종조성 및 생육양상)

  • Song, Hong-Seon;Cho, Woo
    • Korean Journal of Environment and Ecology
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    • v.21 no.1
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    • pp.74-81
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    • 2007
  • This study investigated the growth pattern and species composition by landform and seaside distribution to evaluate the basic community structure and topographical distribution of the Peucedanum japonicum Thunb. community group in Korea. The appearing plants with the Peucedanum japonicum Thunb. were a total 170 taxa belonging to 130 genera and to 57 families, and the species number by families was the most in Compositae of 30 taxa. The frequency of appearing plants was the highest in the Aster spathulifolius Max.(54.1%), and the east and west seasides were the highest in the Aster spathulifolius Max. and south seaside was the highest in the Miscanthus sinensis Ander.. The ratio of common plants among seasides was the highest between the west and south seasides of 35.6% with 47 taxa. The distribution landforms of the Peucedanum japonicum Thunb. was a $17.4^{\circ}$ slope of the unevenness landform, vertical joint, horizontal joint, blockfield, planation surfaces and the rocky seaside of the sea cliff. The distribution among landforms was the greatest in the rocky seaside of the 61 regions. The sociability on growing pattern was the highest in the 3 sociability rank of 54.6% with the 83 region.

Analysis of Uncertainty of Rainfall Frequency Analysis Including Extreme Rainfall Events (극치강우사상을 포함한 강우빈도분석의 불확실성 분석)

  • Kim, Sang-Ug;Lee, Kil-Seong;Park, Young-Jin
    • Journal of Korea Water Resources Association
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    • v.43 no.4
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    • pp.337-351
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    • 2010
  • There is a growing dissatisfaction with use of conventional statistical methods for the prediction of extreme events. Conventional methodology for modeling extreme event consists of adopting an asymptotic model to describe stochastic variation. However asymptotically motivated models remain the centerpiece of our modeling strategy, since without such an asymptotic basis, models have no rational for extrapolation beyond the level of observed data. Also, this asymptotic models ignored or overestimate the uncertainty and finally decrease the reliability of uncertainty. Therefore this article provide the research example of the extreme rainfall event and the methodology to reduce the uncertainty. In this study, the Bayesian MCMC (Bayesian Markov Chain Monte Carlo) and the MLE (Maximum Likelihood Estimation) methods using a quadratic approximation are applied to perform the at-site rainfall frequency analysis. Especially, the GEV distribution and Gumbel distribution which frequently used distribution in the fields of rainfall frequency distribution are used and compared. Also, the results of two distribution are analyzed and compared in the aspect of uncertainty.

Species Distribution Modeling of Endangered Mammals for Ecosystem Services Valuation - Focused on National Ecosystem Survey Data - (생태계 서비스 가치평가를 위한 멸종위기 포유류의 종분포 연구 - 전국자연환경조사 자료를 중심으로 -)

  • Jeon, Seong Woo;Kim, Jaeuk;Jung, Huicheul;Lee, Woo-Kyun;Kim, Joon-Soon
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.17 no.1
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    • pp.111-122
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    • 2014
  • The provided habitat of many services from natural capital is important. But because most ecosystem services tools qualitatively evaluated biodiversity or habitat quality, this study quantitatively analyzed those aspects using the species distribution model (MaxEnt). This study used location point data of the goat(Naemorhedus caudatus), marten(Martes flavigula), leopard cat(Prionailurus bengalensis), flying squirrel(Pteromys volans aluco) and otter(Lutra lutra) from the 3rd National Ecosystem Survey. Input data utilized DEM, landcover classification maps, Forest-types map and digital topographic maps. This study generated the MaxEnt model, randomly setting 70% of the presences as training data, with the remaining 30% used as test data, and ran five cross-validated replicates for each model. The threshold indicating maximum training sensitivity plus specificity was considered as a more robust approach, so this study used it to conduct the distribution into presence(1)-absence(0) predictions and totalled up a value of 5 times for uncertainty reduction. The test data's ROC curve of endangered mammals was as follows: growing down goat(0.896), otter(0.857), flying squirrel(0.738), marten(0.725), and leopard cat(0.629). This study was divided into two groups based on habitat: the first group consisted of the goat, marten, leopard cat and flying squirrel in the forest; and the second group consisted of the otter in the river. More than 60 percent of endangered mammals' distribution probability were 56.9% in the forest and 12.7% in the river. A future study is needed to conduct other species' distribution modeling exclusive of mammals and to develop a collection method of field survey data.

Leakage detection and management in water distribution systems

  • Sangroula, Uchit;Gnawali, Kapil;Koo, KangMin;Han, KukHeon;Yum, KyungTaek
    • Proceedings of the Korea Water Resources Association Conference
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    • 2019.05a
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    • pp.160-160
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    • 2019
  • Water is a limited source that needs to be properly managed and distributed to the ever-growing population of the world. Rapid urbanization and development have increased the overall water demand of the world drastically. However, there is loss of billions of liters of water every year due to leakages in water distribution systems. Such water loss means significant financial loss for the utilities as well. World bank estimates a loss of $14 billion annually from wasted water. To address these issues and for the development of efficient and reliable leakage management techniques, high efforts have been made by the researchers and engineers. Over the past decade, various techniques and technologies have been developed for leakage management and leak detection. These include ideas such as pressure management in water distribution networks, use of Advanced Metering Infrastructure, use of machine learning algorithms, etc. For leakage detection, techniques such as acoustic technique, and in recent yeats transient test-based techniques have become popular. Smart Water Grid uses two-way real time network monitoring by utilizing sensors and devices in the water distribution system. Hence, valuable real time data of the water distribution network can be collected. Best results and outcomes may be produced by proper utilization of the collected data in unison with advanced detection and management techniques. Long term reduction in Non Revenue Water can be achieved by detecting, localizing and repairing leakages as quickly and as efficiently as possible. However, there are still numerous challenges to be met and future research works to be conducted in this field.

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Distribution of the Genetic Resource and the Biomass of Root Bark of Ulmaceae Species

  • Park, Dong Jin;Yong, Seong Hyeon;Yang, Woo Hyeong;Seol, Yuwon;Choi, Eunji;Kim, Hyeong Ho;Ahn, Mi-Jeong;Choi, Myung Suk
    • Journal of agriculture & life science
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    • v.53 no.2
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    • pp.65-75
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    • 2019
  • Stem and root of elm trees have used as traditional medical materials, but there is little information on the distribution and resources of habitats. Korean native growing Ulmus spp. (U. davidiana var. Japonica, U. parvifolia, U. davidiana, and U. macrocarpa) genetic resources studied through The National Forest Inventory of Korea data and field survey. The distributions of U. davidiana var. japonica according to elevation distributed evenly. Both U. parvifolia and U. davidiana were inhabited mostly at less than 200 m of altitude. Each Ulmaceae species widely were distributed nationwide, but a dominant species was different depending on locals. It observed that Ulmaceae inhabits mainly in steep slopes of 31-45 degrees. Most of the habitats regenerated by natural seeding and the most abundant species were a codominant tree. Distribution of trees in U davidiana var. japonica was 7 m-13 m, and in young U. parvifolia and U. macrocarpa, more than 25% of young trees less than 7 m observed. The distribution of the diameter of breast height of the U. davidiana var. japonica was 46.4% for 11-20 cm, 52.6% for 11-20 cm in U. parvifolia. The average T/R ratio was 0.83, and the mean weight ratio of root bark was 62%. As the results of this study, the domestic Ulmaceae biomassare very small. It is difficult to harvest in that the habitat on the slope. Thus, it is too hard to develop functional materials using biomass at present. Therefore, it is necessary to develop technology for the selection and propagation of elite trees of Ulmaceae.

Characterizations of Microscopic Defect Distribution on (-201) Ga2O3 Single Crystal Substrates ((-201)면 산화갈륨 단결정 기판 미세 결함 분석)

  • Choi, Mee-Hi;Shin, Yun-Ji;Cho, Seong-Ho;Jeong, Woon-Hyeon;Jeong, Seong-Min;Bae, Si-Young
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
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    • v.35 no.5
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    • pp.504-508
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    • 2022
  • Single crystal gallium oxide (Ga2O3) has been an emerging material for power semiconductor applications. However, the defect distribution of Ga2O3 substrates needs to be carefully characterized to improve crystal quality during crystal growth. We analyzed the type and the distribution of defects on commercial (-201) Ga2O3 substrates to get a basic standard prior to growing Ga2O3 crystals. Etch pit technique was employed to expose the type of defects on the Ga2O3 substrates. Synchrotron white beam X-ray topography was also utilized to observe the defect distribution by a nondestructive manner. We expect that the observation of defect distribution with three-dimensional geometry will also be useful for other crystal planes of Ga2O3 single crystals.

Regional Distribution of Peach Freezing Damage and Chilling Days in 2010 in Gangwon Province (강원지역의 2010년 복숭아 동해)

  • Seo, Young-Ho;Park, Young-Sik;Cho, Byoung-Ouk;Kang, An-Seok;Jeong, Byeong-Chan;Jung, Yeong-Sang
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.12 no.4
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    • pp.225-231
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    • 2010
  • Extremely low values of the daily minimum temperature occurred in January 2010, ranging from -18 to $-29^{\circ}C$ at various locations growing peach trees in the Gangwon province. Due to the extreme cold temperature during the winter dormancy period of peach trees, the growth of the peach trees was damaged and the damaged areas increased as the extent of 17 to 144 ha. In order to provide information on mitigation measure of the cold temperature on the peach trees in the Gangwon province, we assessed the distribution of the damaged areas of growing the peach trees in 2010 and compared it with freezing risk estimated from the dormancy depth of the peach trees and the daily minimum temperature. The dormancy depth of 'Changhowon Hwando (Prunus persica (L.) Batsch)' ranged from -62 to -90 and the freezing risk was greater than 51%. The relationship between the freezing risk and the actual damaged area ratio showed reasonable agreement ($r^2$ of 0.5 with p < 0.01). The results imply that the estimates of the freezing risk based on the dormancy depth can be used as a mitigation measure to identify susceptible peach growing areas to freezing damage injury.