• Title/Summary/Keyword: Important measures

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Effects of Competitiveness Improvement Measures on Red-pepper and Garlic (고추, 마늘의 경쟁력제고사업 효과 분석)

  • Hong, Seungjee;Kim, Byung-Ryul
    • Korean Journal of Agricultural Science
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    • v.33 no.1
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    • pp.57-66
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    • 2006
  • This study attempts to investigate the possible extent that main spicy vegetables' competitiveness can be improved through various measures. More widely open the agricultural market becomes, more important enhancing the competitiveness of domestic agricultural products is especially in high tariff products such as red-pepper and garlic. Up to date, numerous measures have been applied to those products for enhancing the competitiveness by government, regional agencies, and producer's organizations. However, there is few studies about how much the competitiveness can be improved as a whole from implementing the diverse methods. Following the results, the competitiveness of red-pepper and garlic can be improved up to 70% and 50% respectively by reducing production costs.

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Evaluation of Life Annuity Plans Based on Utility Maximization : Focused on Comparison with Money's Worth Ratio (효용 최적화를 통한 종신연금 계획의 가치 추정 : Money's Worth 비율과의 비교를 중심으로)

  • Yang, Jae-Hwan;Yuh, Yoon-Kyung
    • Korean Management Science Review
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    • v.27 no.1
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    • pp.45-60
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    • 2010
  • This study evaluates life annuity plans based on two different types of measures : financial benefit and utility on consumption. The financial benefit is measured by Money's Worth (MW) ratio and return on annuity. For the measure of utility, an optimization problem is formulated with the objective of maximizing utility on consumption. To solve the optimization model, we use Dynamic Programming (DP) technique. The both types of measures are applied to cases of Korean pre-retirees at age 40 with different accumulation years of annuity (i.e. level of annuity asset at the age of retirement) and different timings of annuitization. Our results generally indicate that the utility based optimization model is superior to the financial measures in terms of providing a better evaluation of an annuity plan due to its capability to consider an individual's financial situation during his/her retirement period. Also, they suggest that the level of annuity asset is an important factor when an individual determines the optimal annuitization timing.

Interval-valued Choquet Integrals and applications in pricing risks (구간치 쇼케이적분과 위험률 가격 측정에서의 응용)

  • Jang, Lee-Chae
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 2007.04a
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    • pp.209-212
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    • 2007
  • Non-additive measures and their corresponding Choquet integrals are very useful tools which are used in both insurance and financial markets. In both markets, it is important to to update prices to account for additional information. The update price is represented by the Choquet integral with respect to the conditioned non-additive measure. In this paper, we consider a price functional H on interval-valued risks defined by interval-valued Choquet integral with respect to a non-additive measure. In particular, we prove that if an interval-valued pricing functional H satisfies the properties of monotonicity, comonotonic additivity, and continuity, then there exists an two non-additive measures ${\mu}_1,\;{\mu}_2$ such that it is represented by interval-valued choquet integral on interval-valued risks.

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The Empirical Evidence on Government Bond Market Integration in East Asia

  • Liu, Lian
    • East Asian Economic Review
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    • v.20 no.1
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    • pp.37-65
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    • 2016
  • This research intends to investigate the progress made in East Asian bond market integration thus far. Price-based measures (AAD indicator and beta-convergence measure), quantity-based measures and econometric techniques (co-integration test, error correction model based Granger causality test) are employed in the analysis. Even though East Asian government bond markets have become more integrated since 2001, the differentials among the markets still remain significantly high. The bond market integration process seems slow. The convergence of bond markets sped up in 2003 and after the 2008 world financial crisis, implying the important role of government policies in integrating the regional bond markets. East Asian bond market integration may need more government-directed measures.

Foreign Exchange Risk Control in the Context of Supply Chain Management

  • Park, Koo-Woong
    • Journal of Distribution Science
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    • v.13 no.2
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    • pp.15-24
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    • 2015
  • Purpose - Foreign exchange risk control is in an important component in the international supply chain management. This study shows the importance of the reference period in forecasting future exchange rates with a specific illustration of KIKO currency option contracts, and suggests feasible preventive measures. Research design, data, and methodology - Using monthly Won-Dollar exchange rate data for January 1995~July 2007, I evaluate the statistical characteristics of the exchange rate for two sub-periods; 1) a shorter period after the East Asian financial crisis and 2) a longer period including the financial crisis. The key instrument of analysis is the basic normal distribution theory. Results - The difference in the reference period could lead to an unexpected development in contract implementation and a consequent financial loss. We may avoid foreign exchange loss by using derivatives such as forwards or currency options. Conclusions - We should consider not only level values but also the volatilities of financial variables in making a binding financial contract. Appropriate measures may differ depending on the specific supply chain pattern. We may extend the study with surveys on actual risk measures.

A Study on Measuring Supplier's Performance for a Supply Chain on New Products (신제품 공급사슬의 공급자 대응력 평가 연구)

  • Lee, Jung-Sub;Chang, Tai-Woo;Shin, Ki-Tae;Park, Jin-Woo
    • Journal of Information Technology Services
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    • v.8 no.4
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    • pp.115-128
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    • 2009
  • In today's changing environment where the product life-cycle is becoming shorter, enterprises are forced to introduce new products as rapidly as possible and to score a success in a market. It is important to manage suppliers who supply parts of the new products to satisfy variable demands. We suggest performance measures of flexibility for suppliers in new products environments. We analyzed the measures from literatures, SCOR (Supply Chain Operations Reference) model and several scorecards. A simulation study was made with the measures in order to understand adaptability of a supply chain. It could help a manufacturer make a decision of purchasing and find a bottleneck supplier.

Expected Policing Problems Following the Reunification of Korean Peninsula and Countering Measures (한반도의 통일에 따른 예상치안문제와 대비방안)

  • Park, Kee-Ryun
    • Korean Security Journal
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    • no.1
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    • pp.99-122
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    • 1997
  • The final aim of South Korean policies on North Korea and reunification of Korean peninsula is to reflect the direction and the form which South Korean authority has been pursuing. To achieve this aim, we must establish the forms of reunification and continue to prepare for contingency plans while focusing our effort to those policies. In pursuing peaceful reunification, the national security should not be neglected. Moreover, the policing policy is one of the important national security policies. In order to draw up more effective policing policies in a reunified state, this dissertation establishes some preparing measures on policing conditions and expected problems resultion from the reunification of Korean peninsula after studying similar problems in formerly divided countries. The chapter one shows the direction of reunification policy. The chapter two looks some policing problems in formerly divided countries The chapter three studys the expected policing conditions and preparing measures after the reunification of Korean peninsula The chapter four reposes some reasonal solutions for peaceful reunification.

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A Study on the Creation and the Meaning of Cadastral Records in Japanese Colonial Period (일제강점기 지적공부(地籍公簿)의 작성과 의미)

  • Song, Hye-Young
    • Journal of architectural history
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    • v.27 no.2
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    • pp.29-38
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    • 2018
  • This study is to find out the process of changes concerning the cadastral records that consist of the cadastre, the cadastral map and various registers of land in Japanese Colonial Period. The cadastre and cadastral map were the most important part of them and became the basis of cadastral records. These two registers were first made out according to the Project of Colonial Land Survey in the year 1912. As the influx of foreign Weights and Measures was greatly influenced by the foreign concession since 1876, the traditional units of the Weights and Measures had abolished finally. The extortion of sovereignty led a rapid change to the Weights and Measures in 1910. Japan compelled us to change into Japanese System of Measurement. From that time on, Lot(筆地) and Pyeong(坪) were settled down on the registers of land.

Interval-valued Choquet integrals and applications in pricing risks (구간치 쇼케이적분과 위험률 가격 측정에서의 응용)

  • Jang, Lee-Chae
    • Journal of the Korean Institute of Intelligent Systems
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    • v.17 no.4
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    • pp.451-454
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    • 2007
  • Non-additive measures and their corresponding Choquet integrals are very useful tools which are used in both insurance and financial markets. In both markets, it is important to update prices to account for additional information. The update price is represented by the Choquet integral with respect to the conditioned non-additive measure. In this paper, we consider a price functional H on interval-valued risks defined by interval-valued Choquet integral with respect to a non-additive measure. In particular, we prove that if an interval-valued pricing functional H satisfies the properties of monotonicity, comonotonic additivity, and continuity, then there exists an two non-additive measures ${\mu}1,\;{\mu}2$ such that it is represented by interval-valued choquet integral on interval-valued risks.

Validation Measures of Bicluster Solutions

  • Lee, Young-Rok;Lee, Jeong-Hwa;Jun, Chi-Hyuck
    • Industrial Engineering and Management Systems
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    • v.8 no.2
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    • pp.101-108
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    • 2009
  • Biclustering is a method to extract subsets of objects and features from a dataset which are characterized in some way. In contrast to traditional clustering algorithms which group objects similar in a whole feature set, biclustering methods find groups of objects which have similar values or patterns in some features. Both in clustering and biclustering, validating how much the result is informative or reliable is a very important task. Whereas validation methods of cluster solutions have been studied actively, there are only few measures to validate bicluster solutions. Furthermore, the existing validation methods of bicluster solutions have some critical problems to be used in general cases. In this paper, we review several well-known validation measures for cluster and bicluster solutions and discuss their limitations. Then, we propose several improved validation indices as modified versions of existing ones.