• Title/Summary/Keyword: International exchange

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Basic Study for Development of Denitrogenation Process by ion Exchange(II) (이온교환법에 의한 탈질소 공정개발의 기초연구(II))

  • 이민규;주창식
    • Journal of Environmental Science International
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    • v.7 no.1
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    • pp.89-95
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    • 1998
  • Ion exchange performance to remove nitrate in water was studied using commercially available strong base anion exchange resin of Cl- type in the batch and continuous column reactors. The performance was tested using the effluent concentration histories for continuous column or equilibrium conquilibrium between resin and solution. Anion exchange resin used in this study was more effective than activated carbon or zeolite for nitrate removal. With large resin amount or low initial concentration, nitrate removal characteristics for a typical gel-type resin was Increased. On considering the relation between the breakthrough capacity and nitrate concentration of the influent, the use of anion exchange resin were suitable for the hi선or order water treatment. The nitrate removal of above 90% could be possible until the effluent of above 650 BV was passed to the column. Thus, the commercially available strong base anion exchange resin of $Cl^-$ type used in thins study could be effectively used as economic material for treatment of the groundwater. The breakthrough curves showed the sequence of resin selectivity as $SO_4^{2-}$ > $NO_3$ > $NO^{2-}$ > $HCO_3^-$. The results of this study could be scaled up and used as a design tool for the water purification system of the real groundwater and surface water treatment processes.

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Knowledge Management and Safety Compliance in a High-Risk Distributed Organizational System

  • Gressgard, Leif Jarle
    • Safety and Health at Work
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    • v.5 no.2
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    • pp.53-59
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    • 2014
  • Background: In a safety perspective, efficient knowledge management is important for learning purposes and thus to prevent errors from occurring repeatedly. The relationship between knowledge exchange among employees and safety behavior may be of particular importance in distributed organizational systems where similar high-risk activities take place at several locations. This study develops and tests hypotheses concerning the relationship between knowledge exchange systems usage, knowledge exchange in the organizational system, and safety compliance. Methods: The operational context of the study is petroleum drilling and well operations involving distributed high-risk activities. The hypotheses are tested by use of survey data collected from a large petroleum operator company and eight of its main contractors. Results: The results show that safety compliance is influenced by use of knowledge exchange systems and degree of knowledge exchange in the organizational system, both within and between units. System usage is the most important predictor, and safety compliance seems to be more strongly related to knowledge exchange within units than knowledge exchange between units. Conclusion: Overall, the study shows that knowledge management is central for safety behavior.

Design of The Cyber Shipping Exchange (사이버 해운거래소 구축 방안)

  • 최형림;박남규;김현수;박영재;황성원;박용성
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2002.03a
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    • pp.39-51
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    • 2002
  • Online exchange is a cost-effective approach to trade goods and information among multiple sellers and buyers. Shipping industry includes lots of global entities such as shippers, liners, ship owners and shipping agents. Marine insurance companies and ship repairers and many other groups are also supporting the industry. However, international shipping exchanges are located on few cities in the world. Its our motivation that a shipping market can be online so that market participants do the dealing while sitting where they are with more efficient manner, preferable price and larger pool of candidates of trading partners. This paper presents Korean governmental project of building a cyber shipping exchange. The exchange covers ship sale and purchase, charter, insurance, freight futures, repairs, supplying of ships oil and database service. The workflows of each business were analyzed and designed to fit for online environment. The project includes design of trading mechanism, online documents, data flow, data storage and security. Online match making and trading mechanisms such as auction, reverse auction, bid are used. The whole trading process involves multiple organizations and business processes. So, this Paper focuses on how each organization would play their roles so that users can complete transactions with integrated and transparent view. The online exchange selves also as maritime portal site that links to other sites for cooperation vertically or horizontally, and serves database and information in global perspective. This paper also issues and discusses the justification of an online shipping exchange

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The Impact of Exchange Rate on Exports and Imports: Empirical Evidence from Vietnam

  • NGUYEN, Nga Hong;NGUYEN, Hat Dang;VO, Loan Thi Kim;TRAN, Cuong Quoc Khanh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.61-68
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    • 2021
  • The exchange rate is considered a tool improving the volume of exports and reducing imports. This paper aims to determine the impact of the exchange rate on exports and imports between Vietnam and the United States in the context of the trade war. The research uses Autoregressive Distributed Lag (ARDL) and Nonlinear Autoregressive Distributed Lag (NARDL) Model in the time-series data from 2010:1 to 2020:9. The ARDL's results support that real exchange rate impact on export and import volumes, but less than the trade war. The trade war helps trade balance increase 0.35%, while the exchange rate increases trade balance 0.191% when the Vietnamese currency devalues 1% in the long run. In the short term, the real exchange rate makes the trade balance decrease. Therefore, the J curve exists between Vietnam and the U.S. The NARDL expresses that the exchange rate is asymmetric both in the short term and the long term. The findings of this study point to two important elements. Firstly, the exchange rate plays a minor role in exports and imports. Secondly, trade war plays a vital role in increasing exports and imports volume between two countries, and the J curve exists between the two countries.

Exchange Rate Volatility and FDI Response during the Financial Crisis: Empirical Evidence from Vietnam

  • HUONG, Tram Thi Xuan;NGUYEN, My-Linh Thi;LIEN, Nguyen Thi Kim
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.119-126
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    • 2021
  • This study is to examine the foreign direct investment (FDI) response to real effective exchange rate volatility in Vietnam by using the vector autoregression model. The research data are quarterly frequency data in the period from 2004:Q1 to 2019:Q2. The data on real effective exchange rate were collected from the statistics of Bruegel (Europe) and FDI data were collected from the International Financial Statistics. The quantitative study was conducted with two steps: (1) measuring exchange rate volatility by the GARCH(1,1) method; and (2) examining the impact of exchange rate volatility on FDI in the context of the global financial crisis. The estimation results show that FDI responded significantly to real exchange rate volatility with the lag of 3 periods at the 5% significance level. The FDI response increased after the exchange rate volatility with the lag of 3 periods, and the impact extended to the lag of 6 periods, and then gradually stabilized. The research findings indicate that FDI in Vietnam responds positively and significantly to exchange rate volatility with the lag of 3 periods. Simultaneously, the negative impact of the global financial crisis in 2008 with the lag of 2 periods leads to a slight decrease in FDI inflows into Vietnam.

Econometric Analysis of the Determinants of Real Effective Exchange Rate in the Emerging ASEAN Countries

  • RAKSONG, Saranya;SOMBATTHIRA, Benchamaphorn
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.731-740
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    • 2021
  • This research aims to investigate the determinants of real effective exchange rate in emerging ASEAN countries, including Indonesia, Malaysia, Philippines, Thailand, and Vietnam. The research was conducted by using quarterly time series data set from 1980Q1 to 2020Q3. Cointegration and the error correction model (ECM) methods were applied to test the long run and short run relationship of the real effective exchange rate and its determinants. The results indicate that the ratio of foreign direct investment to GDP and the government spending have significantly positive impact on real effective exchange rate in the Emerging ASEAN countries. The trade opening had influencing real effective exchange rate in most the Emerging ASEAN countries, except Vietnam. In addition, the international reserve (INR) had significant long-run impacts variables on real effective exchange rate in Malaysia, Thailand and Vietnam. In the short run equilibrium, the error collection term suggest that Indonesia and Malaysia are the fastest speed adjustment to equilibrium. In addition, the term of trade influence the real effective exchange rate in Indonesia, Malaysia, and the Philippines but it is not in Thailand and Vietnam. However, FDI is a major factor of the real effective exchange rate in Vietnam, but not for other countries.

Stock Prices and Exchange Rate Nexus in Pakistan: An Empirical Investigation Using MGARCH-DCC Model

  • RASHID, Tabassam;BASHIR, Malik Fahim
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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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.

International Cooperative Activities for the Engineering Education between Otto-von-Guericke-University Magdeburg, Germany, and Niigata University, Japan

  • Sato, Takashi;Wisweh, Lutz;Sakamoto, Shuichi;Shimizu, Tadaaki;Ikeda, Hideki;Oka, Tetsuo;Tanabe, Yuji
    • Journal of Engineering Education Research
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    • v.13 no.5
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    • pp.49-54
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    • 2010
  • We report about the international cooperative activities for the engineering education between a German University and a Japanese University. After the experiences for 15 years of cooperation, both in research and student exchange, we learned a lot about the differences between these two educational systems. This report summarizes the differences and the future perspective for the improvement of engineering education based on the understanding of the differences, including advantages and disadvantages, between two educational systems.

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Economic FX Rate Exposure Management and Invoicing Currency Determination (경제적(經濟的) 환율노출관리(換率露出管理)와 송장통화결정(送狀通貨決定))

  • Moon, Chang-Kuen;Yim, Chun-Ho
    • International Commerce and Information Review
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    • v.9 no.4
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    • pp.107-125
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    • 2007
  • With the rapidly increasing of Korean enterprises, the importance of foreign exchange(FX) risk management for the future operation generated from FDI contract is becoming the critical problem of international business. This type of FX risk, called as "economic exposure risk", requires us of the unique risk management principles and techniques. In this paper, we identify the properties of economic exchange rate exposure, analyze the identification and measurement processes of risk sources and strength, and perform the estimation of the main determinants and its profile effects of the invoicing currency for the efficient management of economic FX exposure.

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International Cooperation on Information Exchange and Research for Wind Energy Development (풍력에너지 개발을 위한 국제교류 및 공동연구 현황)

  • Kim, C.W.
    • 한국전산유체공학회:학술대회논문집
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    • 2011.05a
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    • pp.249-251
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    • 2011
  • International energy agency(IEA) consisted of OECD countries deals with international energy problems. IEA/Wind ExCo is an execution committee under IEA for the implementing agreement for co-operation in the research, development and deployment of wind energy systems. Currently 22 countries participate the committee and 11 research tasks are in progress. 11 tasks are base technology information exchange, wind energy in cold climates, offshore wind energy technology deployment, integration of wind and hydropower systems, power systems with large amounts of wind power, cost of wind energy, labelling small wind turbines, social acceptance of wind energy projects, MexNext aerodynamics and comparison of dynamic computer codes and models, offshore wind energy and wakebench. At the presentation, activities of major wind energy countries and IEA/Wind ExCo and research tasks are introduced.

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