• Title/Summary/Keyword: Market failure

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A Study on Development of Disney Animation's Box-office Prediction AI Model Based on Brain Science (뇌과학 기반의 디즈니 애니메이션 흥행 예측 AI 모형 개발 연구)

  • Lee, Jong-Eun;Yang, Eun-Young
    • Journal of Digital Convergence
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    • v.16 no.9
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    • pp.405-412
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    • 2018
  • When a film company decides whether to invest or not in a scenario is the appropriate time to predict box office success. In response to market demands, AI based scenario analysis service has been launched, yet the algorithm is by no means perfect. The purpose of this study is to present a prediction model of movie scenario's box office hit based on human brain processing mechanism. In order to derive patterns of visual, auditory, and cognitive stimuli on the time spectrum of box office animation hit, this study applied Weber's law and brain mechanism. The results are as follow. First, the frequency of brain stimulation in the biggest box office movies was 1.79 times greater than that in the failure movies. Second, in the box office success, the cognitive stimuli codes are spread evenly, whereas in the failure, concentrated among few intervals. Third, in the box office success movie, cognitive stimuli which have big cognition load appeared alone, whereas visual and auditory stimuli which have little cognitive load appeared simultaneously.

A Study on the Improvement of the Supporting Policy Efficiendy through the Analysis of the Demand for Direct Commercialization of Technology in Universities and Research Institutes (대학·연구기관 보유기술 직접사업화 지원사업의 수요분석을 통한 지원정책 효율성 개선 방안)

  • Cho, Sung-Nam;Jeong, Yoon-Su;Oh, Chung-Shick
    • Journal of Convergence for Information Technology
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    • v.8 no.5
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    • pp.229-236
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    • 2018
  • In the past, technology commercialization was implemented in a narrow sense, such as technology transfer or start-up support. It has been pointed out that lack of entrepreneurial experience, failure in technology development, and insecure markets lead to failure of technology commercialization. The project supporting direct commercialization of technologies owned by academic and research institutes conjoins public funds and operating power of large enterprises to introduce a new technology commercialization model that combines commercialization technology with capital, market, and government policies. And pain points for direct commercializing technology was derived. Through research and analysis, a gap was found between the demand factors and the capability of the actors performing the technology commercialization, and it showed a significant correlation with the paint points. In consequence, measures were drawn to improve support policies to enhance the efficiency of commercialization of technologies held by universities and research institutes.

Why Do Economists Argue 'for' or 'against' Government's Roles in a Monetary System? -Revisiting Hayek and Friedman- (화폐금융제도에서 공적기구의 역할에 대한 견해 차이는 왜 발생하는가? - 하이에크(Hayek)와 프리드만(Friedman)의 경우 -)

  • Shin, Inseok
    • KDI Journal of Economic Policy
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    • v.27 no.2
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    • pp.1-43
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    • 2005
  • This paper examines works of F. Hayek and M. Friedman on monetary and financial policies. This paper highlights their differences, and asks what yielded them. It also shows there exists a gap between young Hayek and old Hayek, which cannot be explained in terms of his view on monetary theories. It further shows that Friedman's argument for '100% reserve bank' was not based on his monetary theories. Differences between Hayek and Friedman despite their common political belief, Hayek's transition, gaps between theories and policy views found in Hayek and Friedman-this paper argues that these facts can be best explained by Kuhn's paradigm theory. This paper concludes that truthfulness of a thesis on the public sector's role in the monetary system is subject to relativism.

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Training Model Analysis of SW Programmers in BLE Fields through Industry-University Cooperation (산학협력을 통한 BLE분야 SW개발 인력양성 모델 분석)

  • Oh, Sun-Jin
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.17 no.4
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    • pp.203-208
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    • 2017
  • Recently, the youth unemployment becomes the significant social problems and various industry-university cooperation projects those reflect the job site oriented education are planned and fulfilled at the university in order to help graduates to get the job easily. These efforts, however, becomes job hunting failure or suffers lots of trials and errors without reflecting the correct circumstances of the job market properly. In this paper, we propose the business model for training the 4th grade students as a job site oriented software engineers in BLE fields through tight industry-university cooperation and fulfill the related project. After then, we search for the problems and failure factors of the business model through the correspondence strategy analysis for weaknesses and threat factors and propose the improved and successful business model.

유류오염 토양-지하수 복원기술: 문제와 개선방향

  • 이석영;윤준기;이채영;김길홍;신언빈;조정숙
    • Proceedings of the Korean Society of Soil and Groundwater Environment Conference
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    • 2003.09a
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    • pp.3-10
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    • 2003
  • Soil and groundwater contamination by petroleum hydrocarbon products is only one of many environmental problems in Korea. However, many environmental consulting companies have been targeted their business on this subject because the petroleum-oil-lubricant (POL) products have been widely used product and accidental releases of the products from storages resulted numerous small and large contaminated sites throughout Korea. Therefore, many small and large companies are actively participating in environmental assessment and remediation projects for the POL contaminated sites. Remedial technologies for the POL contaminated sites have been developed for many years by government and private institutions throughout the world. Development of a new decontamination technology for the POL contaminated sites is no longer attractive issue in research community because scientific bases of most cost-effective remedial technologies are well understood and have been used in the field by commercial sector. Numerous sites contaminated by underground tanks at gas stations have been remediated by relatively small companies in this country. We should appreciate their noticeable contributions as a frontier under very difficult market environment in Korea. We heard many successful stories as well as a few failure stories. Soil-groundwater remediation of POL contaminated site is not a simple task as shown in the text books or protocols. Therefore, failure risk is always with us, which requires continuous efforts for improvement of the technologies by the users and developers. In this presentation, author will discuss technical problems encountered and improvement made during implementation of several remedial technologies applied by Samsung Environmental Team. This is not a presentation about research or case study. We want to share our thought and experience with environmental engineers actively engaged in soil and groundwater remediation projects in Korea.

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Fault Detection and Diagnosis Methods for Polymer Electrolyte Fuel Cell System (고분자전해질연료전지를 위한 고장 검출 및 진단 기술)

  • LEE, WON-YONG;PARK, GU-GON;SOHN, YOUNG-JUN;KIM, SEUNG-GON;KIM, MINJIN
    • Transactions of the Korean hydrogen and new energy society
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    • v.28 no.3
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    • pp.252-272
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    • 2017
  • Fuel cell systems have to satisfy acceptable operating reliability, sufficient lifetime and price to enter the market in competition with existing products. Fuel cells are made up of complex element technologies and various problems related to the failure of the components can affect the reliability and safety of the system. This problem can be overcome by introducing a monitoring and supervisory control system in addition to automatic control to detect the failure of the fuel cell quickly and properly diagnose the performance degradation. For the fault detection and diagnosis of polymer electrolyte fuel cells, the model based method using the theoretical superposition value and the non-model based method of checking the signal tendency or the converted signal characteristic can be applied. The methods analyzed in this paper can contribute to the development of integrated monitoring and control technology for the whole system as well as the stack.

A Case Study on The Development of Quality Cost Management System and Continuous Improvement in The Forging Industry (단조산업의 품질비용 관리체계 개발 및 지속적 품질개선 방안에 관한 사례 연구)

  • Kim, Kang-Woo;Cha, Byung-Chul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.9
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    • pp.218-228
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    • 2020
  • The material industry is an important infrastructure industry that uses process technology in order to produce parts applied to the final product and determine the quality of the finished product. However, the market environment, which has been recognized as a 3D industry, has deteriorated recently and lost competitiveness compared to other material industry countries. This study analyzed the characteristics of forging companies and The study found that three characteristics of the forging industry, facility-oriented, order-based, and field-centered, and internal failure cost and external failure costs were set as the range of quality cost. A total of eight quality tasks were selected by applying the quality cost management system and continuous quality improvement process developed for large-scale A forging company, and improvement activity proved its effectiveness reducing quality costs by 63.3% compared to the previous year. The research helps forging companies establish a quality management strategy by systematically managing and analyzing quality costs.

A Public and Environmental Economic Analysis of Management Aspects and Institutional Management Framework of Marine Recreational Fisheries (해양낚시(해양유어)의 제도적 관리 타당성에 관한 공공경제학 및 환경경제학적 분석연구)

  • 이상고
    • The Journal of Fisheries Business Administration
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    • v.34 no.1
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    • pp.137-156
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    • 2003
  • Increasingly, leisure time is being used for outdoor recreational activities, and fishing is one of the principal forms of marine recreation. Marine recreational fishing is a popular activity in Korea and this activity has led to the development of a sector of substantial social and economic value. Also it is considered as one of the important outdoor leisure industries in Korea. With rising of income level and development of marine outdoor leisure industries, social, economic demand increase of marine recreational fishing are showing us new advance ability of marine aquatic bio-industry. However the recreational use of fish stocks has become an important consideration in the public and environmental economic analysis of management aspect of fishing, having grown considerably over recent years to reach a level in Korea where the fish stocks and coastal ecosystem has become a significant management problem. we are inevitably facing marine environmental deterioration and overfishing in marine recreational fishing. In this study, not only resources and environmental problems which are occurred by recreational fishers, but also illegal fishing behaviors and other problems such as market's failure are going to analyze basic management theories and methods of recreational fishing through mathematical principals and economic rents which maximize net social benefits. In view of the likelihood of marine recreational fishers adopting high rates of discount, the conservation of fish resources would appear to require continual public surveillance and control of the physical yield and condition of the fish stocks and the optimal use level. The institutional management of recreational fisheries is the way of escaping the collapse of recreational fisheries just like as the situation of management's failure of commercial fisheries worldwide. One of the effective management measure is a license system. In this system, optimal fee is paid by recreational fishers, which prevent them from overfishing, environmental problems to some extents and carry out the optimal number of outings. And money obtained by license fee should be spent for more improvement fishing culture and welfare for marine recreational fishing. Marine recreational fishing is to be promoted under sound conservation and management principles.

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Remanufacturing Process Design for Automotive Alternator (자동차 교류발전기의 재제조 프로세스 설계)

  • Roslan, Liyana;Azmi, Nurul Ain;Jung, Won
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.4
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    • pp.179-188
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    • 2011
  • This paper outlines a systematic guideline for remanufacturing process using the Failure Mode and Effect Analysis (FMEA) method in order to estimate the reliability and quality of the remanufactured alternator. The method is just a tool to help, but the remanufacturer must determine the optimal remanufacturing process and specific inspection and production that will turn the alternator as-good-as new and place the product into the market with reliability and quality equal to a new product. FMEA is a method that is widely used in industry and has shown its value and effectiveness in the above remanufacturing case study. Actions taken often result in a lower severity, occurrence or detection rating. Redesign may result in lower severity and occurrence ratings while inserting validation controls and maintenance can reduce the detection rating. The revised ratings are recorded with the originals on the FMEA template form. After these corrective actions and revisions have been established, evaluation of the ranks can be repeated, until the redesign and control parameters comply with safety standards.

An Examination of Multi-Dimensional Constructs of Resistance to Supply Chain Management (SCM) Change for a Small and Medium Sized Food Production Company (공급사슬관리 (SCM) 운영 변화의 저항에 영향을 미치는 선행요인 평가 : 식품제조 중소기업 K사 사례를 중심으로)

  • Kim, Dae-Cheol;Kim, Won-Kyo;Seo, Youing-Kyu
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.3
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    • pp.206-216
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    • 2019
  • The present study identified several antecedents that create perceived resistance to supply chain management (SCM) change. This work particularly emphasizes SCM change, which is notable given its central role in reacting market orientation and varied environmental and managerial conditions. A careful case study on a small and medium sized food production company in South Korea leads to the formulation of our framework including one second-order construct of 'resistance' as well as eight first-order constructs of 'implementing the payment terms', 'balancing of business process', 'fear of responsibility', 'business sustainability transparency', 'past experience of failure', 'competence of work personnel', 'cooperation with third parties' and 'sharing personnel information with partner'. The hypothesized relation of first- and second-order construct was validated using survey sample data collected from 350 respondents who completed their questionnaire instrument. Results from confirmatory factor analysis revealed that nomological validity was established at statistical significance level by identifying six first order constructs of 'implementing the payment terms', 'fear of responsibility', 'business sustainability transparency', 'past experience of failure', a conbined construct of 'competence of work personnel/cooperation with third parties' and 'sharing personnel information with partner'. The findings from our work are expected to provide important insights to the strategy for SCM risk management for small and medium sized company.