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A Critical Analysis on Capital Market Developments in India: Pre and Post Liberalization Period

  • Potluri, Rajasekhara Mouly;Pasha, Shaik Abdul Majeeb;Challa, Siva kumar;Challagundla, Srilakshmi
    • Journal of Distribution Science
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    • v.12 no.10
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    • pp.5-9
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    • 2014
  • Purpose - This paper aims to critically examine capital market developments in India before and after liberalization. Research design, data, and methodology - The paper examines the Indian capital market from its inception to the latest developments related to both primary and secondary markets, and also discusses recent initiatives of capital markets to enhance the expected level of services to the investor community. It also sheds light on the regulatory framework for investor protection. Results - The study further highlights the future roadmap for the radical development of the Indian capital market. The paper identifies the various initial obstacles and intricacies that affect the smooth functioning of the Indian capital markets. Hence, the paper articulates that these concerns should be addressed by the regulatory authorities and at the policy level at the earliest for further strengthening the capital markets in the interests of the economy in general and retail investors in particular. Conclusion - This is a topic of utmost contemporary importance to worldwide national economies, and calls for novel methods and techniques in dealing effectively with the menace facing capital markets.

Discussion for Securing Self-Reliant Finance of Local Government Using Public Data (공공데이터를 활용한 지자체 자주재원 확보 논의)

  • Seo, Hyung-Jun
    • The Journal of the Korea Contents Association
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    • v.15 no.4
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    • pp.380-390
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    • 2015
  • Because the local governments has closet contact for public services compared to central government, their role is important in the age when welfare issue is more important than before. So Local Public Finance being important than ever, but regrettably local financial issues related to the mostly negative. In particular, many local government face problem of local fiscal independence, as a result, they have hard time to secure financial resources. Reliant local finance by central government can be alternative, however, it causes negative effect for autonomous management of local finance and fiscal soundness. In this study, public data by public institutions is suggested as solution to secure financial resources. Although, utilization of public data is initial level, this paper deal with exploratory discussion for public data as self-reliant local finance with validity and suggestions.

A Study on the Analysis of Quality Attributes on the Software Architecture for Development of a Navigation System Platform of Autonomous Ships

  • Ahn, Young-Joong;Lee, Yun-Sok
    • Journal of Navigation and Port Research
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    • v.43 no.6
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    • pp.353-360
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    • 2019
  • Technology-driven development of a new system makes it difficult for users and stakeholders to identify or intervene in the development process, resulting in systems with unnecessary functions and poor quality services. Applying the software architecture design process to the initial design of the navigation system platform of autonomous ships enables the development of a system that reflects the required functions and service quality of the stakeholders. The design, which includes all of the subsystems that make up an autonomous ship platform, is close to an enterprise architecture. Thus, we strived to design a navigation system platform suitable for the design range of the software architecture. This study analyzed the definition of functional requirements, and quality attributes by applying the software architecture design procedure. This study was conducted to identify the characteristics of the navigation system and platform needs, and the stakeholders were identified. To derive the functional requirements and constraints of the platform, a quality attributes workshop was held engaging stakeholders, and the results of the analysis of functional requirements and quality attributes were listed. Based on the results of this study, the architect can establish the evidence and technical solutions that are integral for the architecture development, and will facilitate the creation of quality attribute scenarios.

KOREASAT On-Orbit Normal Mode Attitude Control System (무궁화위성의 정상운용모드에서의 자세제어 시스팀)

  • 김동환;원종남;김성중;강성수;김한돌;이명수
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.19 no.3
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    • pp.505-514
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    • 1994
  • Koreasat spacecraft requires accurate and reliable attitude control to provide beam pointing for tenyear long communication and direction broadcasting services. This paper describes the detailed design and performance of an on-orbit normal mode attitude control subsystem for the spacecraft. Koreasat used a momentum wheel which has nominal momentum 475in-1b sec(547.6cm-kg sec) aligned with the pitch axis to control pitch attitude and provide gyroscopic stiffness in roll/yaw plane and used a 300 atm magnetic torquer to control the roll and yaw attitudes. An Earth Sensor Assembly (ESA) is used to provide pitch and roll information for the on-board micropocessor. The roll/yaw control used bang-off-bang control and while pitch axis control used proportional and integral control law. Control system errors during the operational normal mode are 0.03 deg, 0.1 deg and 0.01 deg in roll, yaw and pitch axes, respectively. Current attitude control system provides adequate control performances to capture initial attitude errors and spacecraft nutation.

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Effect of Lactic Acid Bacteria on D- and L-Lactic Acid Contents of Kimchi

  • Jin, Qing;Yoon, Hyang-Sik;Han, Nam-Soo;Lee, Jun-Soo;Han, Jin-Soo
    • Food Science and Biotechnology
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    • v.15 no.6
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    • pp.948-953
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    • 2006
  • The D-form of lactic acid is frequently detected in fermented foods, and an excessive dietary intake of D-lactic acid may induce metabolic stress in both infants and patients. This work was carried out to determine the prevailing microorganisms relevant to the accumulation of D-lactic acid in kimchi. Leuconostoc (Leuc.) mesenteroides and Leuc. citreum primarily synthesized D-lactate with a small quantity of L-form. Leuc. gelidum and Leuc. inhae evidenced patterns similar to this. Lactobacillus (Lb.) plantarum and Lb. brevis were shown to convert glucose into a balanced mixture of D-/L-lactic acid, whereas Lb. casei principally synthesized L-lactic acid and a very small quantity of D-lactic acid. When kimchi was incubated at 8 or $22^{\circ}C$, D-lactic acid was over-produced than L-form. Leuconostoc was determined as the primary producer between the initial to mid-phase of fermentation and Lb. plantarum or Lb. brevis seemed to boost D-lactic acid content during later stage of acid accumulation.

Characteristics of Caregivers and Services about the Adult Day Care Participants with Dementia in the U.S.A. (치매노인을 위한 주간보호시설 이용자의 가족부양현황과 서비스 이용에 관한 연구 -미국의 사례를 중심으로)

  • 곽인숙
    • Journal of Families and Better Life
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    • v.20 no.4
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    • pp.13-26
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    • 2002
  • The purpose of this study was to understand the adult day care as a place for the elders and adults and to develop an initial understanding of the programs and their participants for adult day care for the cognitively-impaired in the U.S.A. The data was collected from 13 Adult Day Care Centers(ADC), and 318 participants from six Adult Day Care Centers from 2001 to 2002 by personal interview and the documents about the participants and their family and caregivers. Participants used ADC program average 8.15 hours In weekdays, 3 days per week. ADC programs provided primarily lunch and snack, transportation, personal care, professional health care, occupational.speech physical therapies, rehabilitation, and respite care. Participants'caregivers were mainly daughters and wives. It is the hope of this study to provide design and care professionals with a first draft of a ″sense-making″template by which they may understand adult day care in a systemic manner and engage in meaningful results as to what this place type could and should be.

Effects of abiotic stressors on kelp early life-history stages

  • Lind, Alyssa C.;Konar, Brenda
    • ALGAE
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    • v.32 no.3
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    • pp.223-233
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    • 2017
  • Kelp forests and the many vital ecosystem services they provide are threatened as the severity of climate change and other anthropogenic stressors continues to mount. Particularly in the North Pacific, sea surface temperature is warming and glacial melt is decreasing salinity. This study explored the resiliency of early life-history stages of these foundation species through a factorial laboratory experiment. The effects of rising sea surface temperature under low salinity conditions on kelp spore settlement and initial gametophyte growth in Eualaria fistulosa, Nereocystis luetkeana, and Saccharina latissima were investigated. Decreased settlement and growth were observed in these species at elevated temperatures and at low salinity. Eualaria fistulosa spores and gametophytes were the most negatively impacted, compared to the more widely distributed N. luetkeana and S. latissima. These results suggest that N. luetkeana and S. latissima could potentially outperform E. fistulosa under projected conditions. However, despite decreased performance among all species, our findings indicate that these species are largely resilient to temperature changes when exposed to a low salinity, even when the temperature changes are immediate and extreme. By exploring how early life-history stages of several key kelp species are impacted by dual stressors, this research enhances our understanding of how kelp forests will respond to projected and extreme changes in temperature when already stressed by low salinity.

A Study on the Implementation of ERP System through ASP in the Small-to-Medium Enterprises (중소기업의 ASP를 기반으로 한 ERP 시스템 도입에 관한 연구)

  • Lim, Byung-Ha
    • International Commerce and Information Review
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    • v.7 no.1
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    • pp.95-117
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    • 2005
  • The purpose of this study is to provide a conceptual understanding of ASP service for ERP implementation in small-to-medium enterprises under the current market situation in which the significance of information systems was standing out to respond to the rapid changes of managerial environment caused by the spread of Internet. In addition, it was to extract practical causes of introduction of ERP through ASP services by analyzing the causes and benefits considered by small-to-medium enterprises which use it. This study confirms that using ASP is better, faster and cheaper. Therefore, it is inevitable. The enterprises can reduce many risks of in-House ERP system such as excessive initial investment and operational expenses, lengthened constructional time, and the possibility of failure while achieving the benefit of ERP solution. However, there are many considerations which the enterprise carefully take into in order to implement the systems successfully such as selecting the system which is right for the enterprise's environment by setting the goal of implementing the system clearly, reducing the construction time by minimizing the customizing of the system, including the core people who knows the business process well, enough education before and after the implementation, and considering many aspect of ASP service provider. Also, the service provider should develop new way to provide customized service with cheap price while guaranteeing the reliability and supporting the customer's needs actively.

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Safflower (Carthamus tinctorius L.) Anthracnose Casued by Colletotrichum acutatum in Korea (Colletotrichum acutatum에 관한 의한 탄저병)

  • 권진혁;강수웅;김희규;박창석
    • Korean Journal Plant Pathology
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    • v.14 no.6
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    • pp.651-653
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    • 1998
  • A destructive anthracnose of safflower has severely occurred at Kyeongsangnam-do Agricultural Research and Extention Services in 1998. Incidence of the disease surveyed at 12 fields in Chinju, Sanchong and Hamyang was ranged fro 55.7 to 85.4%. Small irregular yellowish to brown spots appeared on all parts of the plant at initial infection stage and the spots enlarged or united into larger irregular to cylindrical black lesions with hollows. Above portions of infected stems were often blighted and pink colored conidial masses were colonized on the lesions. The causal fungus consistently isolated from the infected tissues were identified as Colletotrichum acutatum by following characteristics. The fungus grew well on PDA at 15~3$0^{\circ}C$ developing apricot to salmon color. Conidia were single-celled, colorless, fusiform and bisectioned and measured as 8~18$\times$3~5 ${\mu}{\textrm}{m}$. Brownish appressoria were cylindrical or ovate and sized as 5~10$\times$4~8 ${\mu}{\textrm}{m}$. Optimum temperature for growth and germination of conidia was recorded at $25^{\circ}C$ and at least 6 hours were required for infection to the host plants. Over 90% conidia were germinated and all plants were infected by artificial inoculation by 24 hours at $25^{\circ}C$. This is the first report of safflower anthracnose caused by C. acutatum in Korea.

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Optimal Joint Trajectory Generation for Biped Walking of Humanoid Robot based on Reference ZMP Trajectory (목표 ZMP 궤적 기반 휴머노이드 로봇 이족보행의 최적 관절궤적 생성)

  • Choi, Nak-Yoon;Choi, Young-Lim;Kim, Jong-Wook
    • The Journal of Korea Robotics Society
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    • v.8 no.2
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    • pp.92-103
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    • 2013
  • Humanoid robot is the most intimate robot platform suitable for human interaction and services. Biped walking is its basic locomotion method, which is performed with combination of joint actuator's rotations in the lower extremity. The present work employs humanoid robot simulator and numerical optimization method to generate optimal joint trajectories for biped walking. The simulator is developed with Matlab based on the robot structure constructed with the Denavit-Hartenberg (DH) convention. Particle swarm optimization method minimizes the cost function for biped walking associated with performance index such as altitude trajectory of clearance foot and stability index concerning zero moment point (ZMP) trajectory. In this paper, instead of checking whether ZMP's position is inside the stable region or not, reference ZMP trajectory is approximately configured with feature points by which piece-wise linear trajectory can be drawn, and difference of reference ZMP and actual one at each sampling time is added to the cost function. The optimized joint trajectories realize three phases of stable gait including initial, periodic, and final steps. For validation of the proposed approach, a small-sized humanoid robot named DARwIn-OP is commanded to walk with the optimized joint trajectories, and the walking result is successful.