• 재무관리연구
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• 제25권1호
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• pp.177-196
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• 2008

본 연구는 유사한 혹은 동일한 산업에 속해 있는 두 기업이 공동사업(joint venture)을 수행하는 과정에서 이익을 분배하는 메카니즘을 분석한다. 두 기업이 동의할 수 있는 '공정한' 이익분배와 함께 자원배분의 효율성을 달성할 수 있는 의사결정구조를 모색한다. 공동사업은 한 기업이 설비를 제공하고, 다른 기업이 제품을 생산하고 판매하는 형태로 진행되는 경우를 상정하고 있다. 본 연구의 분석결과는 공동사업의 의사결정 구조를 적절히 고안하면 사회적 효율성을 충족하는 균형에 도달할 수 있음을 시사한다. 동일 기업집단 내의 공동사업과 같이 이익분배(이전가격)가 사전에 정해져 기업들의 사적 유인이 통제될 수 있는 상황 뿐 아니라, 독립적 기업들의 공동사업에서도 판매기업이 단독으로 이전가격을 결정하는 구조를 배제하면 효율적인 결과를 낳을 수 있음을 보인다.

• 유통과학연구
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• 제15권11호
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• pp.73-82
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• 2017

Purpose - This paper aims to investigate a profit maximizing incentive of foreign traders in distributing the KOSPI 200 Futures. Such an incentive may induce unsophisticated retail traders to suffer loss from speculative trading. Since Korean government increased the entry barriers of the market to protect unsophisticated traders, the market size has been decreasing while the proportion of the contract held by foreign traders has been increasing. These on going changes make the market imperfectly competitive, where a profit maximization incentives of foreign traders are expected to grow. In this paper, we attempt to find any evidence of such behavior, thereby providing implications regarding market policy and market efficiency. Research design, data, and methodology - According to Kyle(1985), an informed trader exploits his/her monopoly power optimally in a dynamic context so that he/she makes positive profit, where he/she could conceal his/her trading utilizing noise trading as camouflage. We apply the KOSPI 200 Futures market to the Kyle's model: foreign traders who take into account the effect of his/her trading to maximize expected profits as an informed trader, retail investors as noise traders, and financial institutions as market makers. To find any evidence of monopolistic behavior, we test the variants of trading volume and price data of the KOSPI 200 Futures over the period of 2009 and 2017. Results - First, we find that the price of the KOSPI 200 Futures are more volatile than the price of underlying asset. Second, we find that monopolistic foreign trader's trading order flows are consistent with exploiting his/her monopoly power to maximize profit. Finally, we find that retail investors' trading order flows are inversely consistent with maximizing profit, that is, uninformed retail investors suffer loss continuously in speculative trading against informed traders. Conclusions - Our results show that the quantity of strategic order flows may have a large effect on the price, therefore, resulting the market inefficiency. The results also imply that, in implementing regulations, the depth of the market must be considered to maintain market liquidity, and suggesting interesting research topics regarding the market structure.

• 대한안전경영과학회지
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• 제16권3호
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• pp.327-333
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• 2014

Changes in the business environment in which intense and sustained growth and survival must meet a variety of customer needs (Q, C, D) and business side of the enterprise for profit structure reformation is absolutely necessary for innovation activities. So far, management of innovation in method BPR, PI, OVA, 6 Sigma, Strategic Purchasing, PPM, SCM etc. are being introduced. However, they have a limit of partial optimization and improvement-oriented techniques. So this paper studied the TPI(Total Profit Innovation) application in order to derive empirical methodology to maximize profitability for the domestic S foundry factory. To this end, long-term gains through structural analysis and intensity analysis to ensure continued growth and profitability strategy are devised through management Innovation analysis. And improvement projects was presented to solve main issues of five categories(Inventory, Sales Mix, Cost, Quality Cost, Skill and Work-load) We will expect the office productivity improvement and financial performance improvement and then continually accumulate and review the results.

• 해양환경안전학회지
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• 제19권1호
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• pp.93-99
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• 2013

해양 수상 스포츠를 즐기는 국민은 1인당 국민소득 증대, 주 5일제 근무 등의 여가시간의 증대로 인하여 지속적으로 증가할 것으로 예상되지만, 이에 대한 안전 의식 및 장비의 발전 등은 걸음마 단계이다. 우리나라 해양 수상스포츠가 발전하고 선진스포츠로서 자리 매김하기 위해서는 정착화된 시스템으로 재원을 마련해야 한다. 이 재원을 이용하여 해양 수상스포츠의 안전을 확보하고, 국내 장비의 기술 개발에 투자한다면, 해양 수상스포츠는 보다 안전하고 즐거운 스포츠로서 국민들에게 다가갈 수 있을 것이다. 위와 같은 재원을 확보하기 위하여 해양 수상 스포츠 중 유일한 수익금이 발생하는 경정을 대상으로 조사 분석하였으며, 우리보다 60년 앞선 일본의 경정 수익금 환원방안 및 법적 구조를 비교 분석하여, 선박 등 진흥을 위한 전문기관 설립 및 재원확보를 위한 경륜경정법 분리 등과 같은 법적 개선 방안에 대하여 정책 제안을 하고자 한다.

• 한국IT서비스학회지
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• 제15권4호
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• pp.153-174
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• 2016

On account of multiple causes, including prolonged global economic crisis, addressing environmental pollution and the advent of hyper-connected society, a new paradigm called 'sharing economy' has rapidly emerged. Many startups have attempted to build promising business model based on the sharing economy concept. Nevertheless, successful cases are still very rare in the global level, except for Uber and Airbnb cases. Therefore, this study analyzes necessary causes and sufficient causes for successful settlements in the market through a comparative case analysis on digital matching firms in the sharing economy businesses. For the case study, we compare five successful cases (Uber, Airbnb, Kickstarter, TaskRabbit and DogVacay), three failure cases (Homejoy, Ridejoy and Tuterspree) and a platform cooperativism case (Juno) in accordance with six value attributes of business model including value proposition, market segment, value chain, cost structure and profit potential, value network and competitive strategy. We apply Boolean method to support controlled comparison and eliminate unnecessary attributes. The Boolean analysis result shows that value proposition, cost structure and profit potential, value network and competitive strategy are the essential attributes. Furthermore, the result indicates that each attribute is a necessary condition, where all four conditions should be met simultaneously in order to be successful. With this result, we discuss essential consideration for those who are planning startup based on the sharing economy business model.

• 지역과문화
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• 제8권4호
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• pp.23-42
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• 2021

이 논문은 지방문화원진흥법에 지방문화원의 수익사업과 관련된 규정을 마련하여 지방문화원의 재정적 자립을 구축하기 위한 법적 방안을 검토하였다. 지난 70여년간 지방문화원은 지역문화의 중심지였으나, 재정적으로 자립하지 못하고 보조금에 의해 존속해왔다. 외부에 의존하는 재정구조는 지방문화원 목적사업의 수행을 어렵게 하고, 지속 가능성까지 위협한다. 법적으로 지방문화원은 지방문화원진흥법에 따라 설립되는 특수법인으로서, 설립근거법령에 따라 법적 지위와 기능이 규정된다. 현행 지방문화원진흥법은 지방문화원의 목적사업 외에 수익사업을 영위할 수 있음을 규정하지 않고 있다. 그러나 다른 특별법으로 설립된 특수법인들의 입법례를 검토할 때, 지방문화원진흥법도 지방문화원의 수익사업과 관련된 규정을 마련할 수 있을 것으로 파악된다. 이 글은 구체적인 법안을 제시하는 한편, 그 외 재정자립에 필요한 논의들을 함께 제시하였다.

• 응용통계연구
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• 제24권6호
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• pp.1021-1031
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• 2011

주가연계증권(ELS)은 주가와 연동되어 수익률이 결정되는 금융상품으로 현재 증권회사뿐만 아니라 은행에서도 많이 판매되고 있는 간접투자상품이다. 이 논문에서는 수익다이어그램을 통해 대표적인 주가연계증권의 수익구조를 알아보며 특히 현재 가장 많이 판매되고 있는 원금비보장 상품인 스텝다운형에 관심을 가진다. KOSPI 200과 홍콩 HSI를 기초자산으로 설정한 스텝다운형 상품에서 투자시점의 시계열 특성에 따른 조기상환여부와 경험적 분포를 이용한 VaR를 통한 위험률에 대해 고찰해 본다.

• 대한전기학회논문지:전력기술부문A
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• 제51권6호
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• pp.269-275
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• 2002

Recently, Korea's electric industry has experienced substantial changes in its structure and function including the introduction of competition in the generation sector. Korea is in the early stages of market competition where the market price is determined by generation costs. In the future, the market Price will be determined by generators'bids. Therefore, the generators'profit is determined by market pool price, the prospects of pool price are very important for new capacity investment decision made by generators and IPPS. This study analyzes hourly marginal costs and LOLP considering basic generation mix and characteristics develops the relationship of pool price and Profit by generation-type using the change in reserve margin, and proposes basic direction for profits variation and supply-demand analysis in the electricity market in future.

• ETRI Journal
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• 제37권5호
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• pp.917-921
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• 2015

We consider a multiserver system with two classes of customers with preemption, which is a widely used system in the analysis of cognitive radio networks. It is known that the optimal admission control for this system is of threshold type. We express the expected total discounted profit using the total number of customers, thus reducing the stochastic optimization problem with a two-dimensional state space to a problem with a one-dimensional birth-and-death structure. An efficient algorithm is proposed for the calculation of the expected total discounted profit.

• 한국지능정보시스템학회:학술대회논문집
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• 한국지능정보시스템학회 2000년도 추계정기학술대회:지능형기술과 CRM
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• pp.489-497
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• 2000

After IMF situation, the money market environment is changing rapidly. Therefore, many companies including financial institutions and many individual investors are concerned about forecasting the money market, and they make an effort to insure the various profit and hedge methods using derivatives like option, futures and swap. In this research, we developed a prototype of forecasting system for KOSPI 200 option, especially call option, trading using artificial neural networks(ANN), To avoid the overfitting problem and the problem involved int the choice of ANN structure and parameters, we employed the ANN ensemble approach. We conducted two types of simulation. One is conducted with the hold signals taken into account, and the other is conducted without hold signals. Even though our models show low accuracy for the sample set extracted from the data collected in the early stage of IMF situation, they perform better in terms of profit and stability than the model that uses only the theoretical price.