• Title/Summary/Keyword: Market Operating System

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A Study on Relation between Corporate Governance and Business Performance using Social Network Analysis (사회연결망 분석기법을 활용한 기업지배구조와 기업성과 연구)

  • Park, Byung-Sun;Kwahk, Kee-Young;Kim, Sun-Woong;Choi, Heung-Sik
    • Korean Management Science Review
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    • v.29 no.2
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    • pp.167-184
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    • 2012
  • Business diversification is inevitable to survive under the current competitive business environments. The advent of new businesses makes corporate governance more complicated through corporate combinations. Recent introduction of new accounting standard, International Financial Reporting Standards(IFRS), accelerates the need for corporate governance analysis. This study analyses the complex corporate governance system and its relation to the business performance using social network analysis. Corporate inter-governance networks can be visualized easily in a social network diagram. 552 corporate governance data are empirically analysed in the Korean stock market. The changes in In-Degree between networks are positively related with the changes in corporate sales volume. We can find the same results using operating profits as corporate performance proxy. The results show that social network analysis technique can be applied to investments in the stock markets.

The improvement in operating rules of Cost Based Pool(CBP) considering the increasing Renewable Energy Capacity (신재생에너지 보급확대에 따른 국내전력시장 운영방안)

  • Lee, Jae-Gul;Nam, Su-Chul;Shin, Jeong-Hoon;Kim, Tae-Kyun
    • Proceedings of the KIEE Conference
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    • 2008.07a
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    • pp.580-583
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    • 2008
  • As the construction of renewable energy generators is on the rise and gets bigger in size, researchers pay more and more attention to the impact of such facilities on the power market as well as on the stability of power grid system. In Korea, while studies on the latter, including calculating the marginal capacity of renewable energy generators, is being made, those on the former has not yet been performed. As such, this paper analyses the impact of a big renewable energy generators on the price and transaction cost of domestic power market and proposes ideas to minimize such influence by applying the technology of forecasting renewable energy.

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"Charge Neutralization for Deposit Control"

  • Buikema, Peter D.
    • Journal of Korea Technical Association of The Pulp and Paper Industry
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    • v.29 no.3
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    • pp.87-94
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    • 1997
  • As the paper market becomes more and more competitive, more mills will want to switch to alkaline papermaking to take advantage of the Vowing demand. Many papermakers have tried to do this without success in the past much like the American papermakers did in the late 1970's. The Problem is that runnability Problems occur, drainage slows, Presses pick drying becomes more difficult and sheet quality suffers as a result Sheet holes and breaks occur, and runnability becomes a real operating problem. Converting to alkaline papermaking is not as simple as turning off the alum. We must be aware of the numerous factions that alum served at acid pH and provide alkaline alternatives. It is the purpose of this paper to discuss methods of deposit control via charge neutralization and system control at alkaline pH. This article explains the concept as well as the measurement and control. The resultant benefits are seen in runnability, quality and profitability for the papermaker.

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A FOQ Model for Spare-Part Inventory Control (예비품(豫備品) 재고관리(在庫管理)를 위한 정량발주모형(定量發注模型))

  • Jeong, Sang-Il;Sin, Ju-Hang;Park, Yeong-Taek
    • Journal of Korean Society for Quality Management
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    • v.18 no.2
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    • pp.9-17
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    • 1990
  • This paper deals with a FOQ( ; fixed-order quantity) model for spare-part inventory control. In a spare-part inventory problem, stock depletion arises not from external market demand but from internal demand resulting from failures of parts in use. The problem differs from the classical inventory problem in that the demand for a failed part never arises more during stockout period, since the unit remains inoperative when stockout occurs until the failed part is replaced by new one. In the problem under consideration, n identical units are operating simultaneously and failed one is replaced immediately by new one if on-hand spares remain. In order to replenish spares, an order with quantity Q is placed whenever the number of on-hand spares falls to levels. The average annual cost of operating the spare-part inventory system is derived under the assumption that both lifetime of a part and replenishment lead-time distributions are exponential.

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Reliability Evaluation of Transmission Network of the KEPCO System(Kyongin and Yougdong Area) (KEPCO SYSTEM의 송전계통 신뢰도평가(경인,영동지역))

  • Moon, Seung-Pil;Kim, Hong-Sik;Wang, Jae-Myung;Lee, Chul-Hyu;Choi, Jae-Seok
    • Proceedings of the KIEE Conference
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    • 2001.11b
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    • pp.34-37
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    • 2001
  • This paper evaluate reliability indices of a part of transmission network of KEPCO system. Quantitative evaluation of transmission system reliability is very important because successful operation of an electric power system in the deregulated electricity market depends on transmission system reliability management. Monte Carlo methods are often preferable, when complex operating conditions are involved and/or the number of sever events is relatively large. Monte Carlo simulation methods and CMELDC(CoMposite power system Effective Load Duration Curve) were used in this paper.

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Design loads for floating solar photovoltaic system: Guide to design using DNV and ASCE standards

  • Gihwan Kim;Moonsu Park
    • Structural Engineering and Mechanics
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    • v.89 no.2
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    • pp.171-179
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    • 2024
  • The market of the floating solar photovoltaic system is rapidly growing around the world with the rise of renewable energy that can replace fossil energy. While the floating solar photovoltaic system is operating and being installed in several countries, the system is exposed to the risk in terms of structural safety due to the absence of the proper design guideline. In this paper, design loads suitable for the floating solar photovoltaic system are presented. Utilizing the existing reliable design standards such as ASCE 7-16 (ASCE 7-16 2016) and DNV-RP-C205 (DNV-RP-C205 2010), the appropriate design loads for the floating solar photovoltaic system are presented. The proper load combinations are also presented by putting wave load based on DNV standards (DNV-OS-C101 2015 and DNV-OS-C201 2015) into the load combinations in ASCE standards (ASCE 7-16 2016). We present the load combinations for the allowable stress design and load and resistance factor design, respectively.

A Study on the Status in the Availability of Agricultural Policy Financing and the Improvements of It - Espacially on the Supply of Tobacco Production Credit - (농업정책금융(農業政策金融)의 운용현황(運用現況)과 개선방안(改善方案) - 엽연초(葉煙草) 생산 금융지원문제를 포함하여 -)

  • Ryu, Jin Chun
    • Current Research on Agriculture and Life Sciences
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    • v.3
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    • pp.203-218
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    • 1985
  • In Korea, the developmental gap is deep between rural and urban areas in spacial aspect and, or between agricultural and industrial side. So there are much room for improvement in agri. development in national standpoint as well as in individual farmer's level. In this respect, agricultural financing is requisitive to speed up the pace of agricultural development and in result, to contribute to improvement of farm income. By the way, farmers' credit demands are always in excess-demand status and they rely on private money-lenders in the burden of high interest rate. In agricultural financing market, there are two kinds of credit ; institutional credit and non-institutional credit market, that is private money-lending. In institutional credit, there are mutual credit system operating by the primary coops and policy credit system by NACF financed by Government in part. Here, in this paper, I venture to study on the improvements of the policy credit system to increase and activate the supply function of agri. policy credit into farmers to enhance their socio-economic status.

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A Study on the Operation System Improvement of Busan International Passenger Terminal: Focusing on the Car Ferry

  • Lee, Kyong Han;Park, Ju Dong;Park, Sang Won
    • Journal of Navigation and Port Research
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    • v.44 no.2
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    • pp.88-97
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    • 2020
  • In the past 20 years, passenger and cargo transportation performance at the international passenger ports in Korea have increased by 8.6% on the compound annual growth rate, respectively. The Korean government had expected to continue expanding the market of car ferries and the government included plans for the development of additional routes and lanes with neighboring countries such as China, J apan, and Russia as a part of the Plan of the Korean Ministry of Oceans and Fisheries in 2019. However, compared to the development of routes, the management and operation of passenger terminals are inefficient. The purpose of this paper was to introduce the overall improvement of the passenger terminal operating system that reflects the recent changes in the supply and demand of international passenger vessels and the needs of the government and private sector passengers. To this end, a basic survey was conducted on the status of operations and facilities at the Busan International P assenger Terminal and a questionnaire survey was administered on the subject of use. The results of the survey were analyzed using the IPA model. As a result of the analysis, three items in the operation sector, three items in the facility sector, and four items in the system sector of the Busan International Passenger Terminal were identified as in need of improvement. Based on the results, the need for investment to improve the international passenger terminal operating system is suggested.

A Study on the Evaluation of Improvement Factors of Tug Services in Korea (우리나라 예선 서비스 개선요인 평가에 관한 연구)

  • Yeou, Young-Hun;Ryoo, Dong-Keun
    • Journal of Navigation and Port Research
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    • v.37 no.5
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    • pp.559-565
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    • 2013
  • The purpose of this study is to prioritize improvement factors of the tug services in terms of the structural problem, operating system and the present condition of the tug at each port in Korea. It was identified that the tug operating system needs to be mostly improved among the improvement factors of the tug services in Korea. In addition, free contract and rotating system were found to be important factors which need to be improved comparing to other factors such as service quality, tug rules, operating practices of council for tug operation and customer factor. The service attitude of the tug companies was regarded as an important element. And the tug entry system appeared to be an important item. Finally, laws relating to tug business needs to be revised which allow new tug companies enter into the market. As the result of AHP analysis for tug systems and service improvement factors, some fundamental changes of tug operation systems are urgently needed.

A Study on Institutionalization of the Rent-A-Driver Industry from the Point of View at the Creative Industries

  • OH, Moon-Kap;YOUN, Myoung-Kil
    • Korean Journal of Artificial Intelligence
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    • v.7 no.2
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    • pp.1-8
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    • 2019
  • This paper, we argue that sector in terms of the creative industries the need to the institutional settle of the rent-a-driver business; the industry could create more than 200,000 jobs, the effect is to bring out the about 4 trillion underground economy and Can be interpreted industry, which contributes to reduce social costs, ranging from 1.7 trillion won to 5.7 trillion per year. Through institutionalization of policy should support. Observation and in-depth interviews were conducted with the law and the president of the rent-a-driver business company. The operating system should be improved. the rent-a-driver business, for the formulation of the work ethic and education is desperately needed. The effect socio-economic contribution effect of the rent-a-driver business industry can be summarized as follows. First, it is an industry that has an operating system utilizing state-of-the-art technology and equipment, and the convergence of creative industries to comply with the market. Second, the effect appears as an industry that creates jobs for the populace to replace the social security system, social safety net is considered as an industry. Third, this is an industry that can be self-reliant in the short term at least political support, the industry is considered in the industry to maximize the effectiveness and efficiency of the support policy.