• Structural Engineering and Mechanics
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• v.45 no.5
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• pp.693-702
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• 2013

Recently, artificial intelligence tools are most used for structural engineering and mechanics. In order to predict reserve prices and prices of awards, this study proposed a novel regression prediction model by the intelligent Kalman filtering method. An artificial intelligent multiple regression model was established using categorized data and then a prediction model using intelligent Kalman filtering. The rather precise construction bid price model was selected for the purpose of increasing the probability to win bids in the simulation example.

• Proceedings of the CALSEC Conference
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• 2004.02a
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• pp.125-128
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• 2004

최근에 인터넷을 통한 전자경매가 보편화되면서 경매 물품의 가격 결정에 대한 관심이 증가하고 있다. 기존의 경매 시스템에서는 경매물품의 낙찰가를 판매자가 결정하거나 정보 검색 이론의 사례 유사도에 기초하여 생성하는 에이전트가 연구되었다. 그러나 이것은 경매물품에 대한 최근의 변화 요인을 반영하지 못하여 실제 낙찰 가능가와 차이가 큰 가격이 생성되는 경우가 많다. 본 논문에서는 이러한 문제점을 해결하고자 시계열 분석에서 사용하는 이동 평균을 이용하여 최근의 경매 자료로부터 경매 등록 물품의 낙찰 예정가를 자동으로 생성하는 시스템을 제안한다. 본 시스템을 사용할 경우에 경매 물품의 실제 낙찰가와의 차이를 줄여 낙찰률을 높이고, 경매 물품의 객관적인 가격 형성이 가능함을 예측할 수 있다

• Journal of Korean Institute of Industrial Engineers
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• v.13 no.1
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• pp.31-38
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• 1987

This paper is concerned with the multiple unit auction under the following assumptions: 1) multiple identical objects are to be sold to the highest bidders, but a bidder may obtain at most one, 2) each bidder has a fixed reservation value and draws his reservation value independently in the same distribution, 3) The greater a bidder's reservation value is, the more a bidder will bid for the object, and 4) a bidder will bid when his expected profit is more than zero. The purpose of this paper is to design the optimal auctions, in terms of the reserve price and entry fee, that can be applied in any types of multiple unit auctions under the above assumptions. Further, auctioneer's expected revenue and profit, and all the winners' expected profit are analyzed.

• Proceedings of the Korea Information Processing Society Conference
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• 2002.04b
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• pp.1265-1268
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• 2002

최근에 전자상거래가 보편화되면서 전자경매를 통한 거래가 급증하고 있다. 그러나, 기존 전자경매시스템들은 낙찰 예정가를 판매자에게만 의존하고 있어 물품의 낙찰가가 낮게 결정되거나 유찰되는 경우가 많다. 본 논문에서는 이러한 문제를 해결하고자 판매자에게 가장 적절한 낙찰 예정가를 자동으로 추천하는 XML기반의 경매 시스템을 구현하였다. 이 시스템은 과거의 경매 기록과 인터넷 전자상거래 사이트의 가격 정보로부터 사례 유사도를 적용하여 적합한 예정가를 자동으로 생성하므로 유찰을 줄이고 물품에 대한 낮은 평가를 방지할 수 있다. 또한 이 시스템은 최근의 웹 표준 기술들인 XML스키마, XSL, DOM 등을 이용하였으므로 기존의 시스템들에 비하여 표준화와 확장성의 측면에서 장점을 갖는다.

• The Journal of Fisheries Business Administration
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• v.23 no.2
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• pp.101-128
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• 1992

How to distribute fisheries catches from producer to consumer is very important for everybody joined fisheries marketing channels (FMC), because most people are influenced their revenue and expenditure through marketing channels. Many institutions in Korea after 1960's have tried to develop the rationalization of FMC, but they have not gotten the satisfactory results in general in spite of a lot fruits. Comparing with general manufacturing industry, the fisheries industry has some specializations in the marketing channels. It makes them unique structure included wholesale market system similiar to fresh (perishable) food market with expertised technology. Wholesale market collects, distributes the fisheries catches and evaluates in by auction or bidding without consideration of producer's opinion. It is very necessary institution to make a decision to equatible price for fresh food and to play an important role for marketing effectiveness with minimum total transation and with massed reserve among institutions. But it has two weak points to increase the marketing cost and to make products bad fresh (perishable). Therefore, both Producer and consumer want to find the direct channels not to pass through wholesale market and to get more profit. I wanted to explain what problems of traditional FMC are and why the direct channel is necessary as follows in this paper. Chapter II : The types and specialization of FMC Chapter III : The structure and problem of fisheries wholesale market channel Chapter IV Marketing cost of FMC and direct channel I suggested when the direct channel in FMC is designed, new planner must carry out marketing functions which are performanced by wholesaler, middle man and the joined members of auction at wholesale market. In view of consumption area, these functions are : (1) the finding of production partner to make a business ; (2) communication of information ; (3) collecting ; (4) distribution ; (5) selecting and grading ; (6) evaluating ; (7) financing and payment ; (8) organization, in view of consumption area. The government must support also the group or individual of new direct channels to succeed it with (1) furnishing of market information (2) supplying of land and facility (3) financing (4) feed-back of dierct channels totally (5) making an opportunity of communication between producer and consumer. I want to emphasize again wholesale market is necessary and important institution for equatible price of fresh food in spite of the its weak points. At the same time. the direct channels are necessary to reduce the marketing cost and to keep better fresh food.

• Asia-Pacific Journal of Business
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• v.11 no.3
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• pp.123-136
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• 2020

Purpose - This study is to verify the impact of the documentation of key audit matters on the value relevance of accounting information in accordance with the revised accounting audit standards in 2017. Investors will be able to identify the company's significant financial risks through key audit matters and use them to make investment decisions. Design/methodology/approach - From 2011 to 2019, the final sample is 290, based on the December settlement of accounts listed on the securities market. Ohlson (1995) was used to verify the incremental link between net income and the book value as a determinant of corporate value. Findings - First, the key audit matters in the financial industry was found to have a negative (-) effect that was significant to the value relevance of accounting Information. In addition, the value of the interaction between the key audit matters and the net income is a significant (+) relationship with the share price and the value of the interaction between the key audit matters and the book value is a significant (-) relationship with the share price. This means that the key audit matters is the determining factor of corporate value, positively reflects the accounting information in net income and negatively reflects the accounting information in book value. Second, among the key audit matters, the fair value assessment of financial instruments and the adequacy of premiums reserve have a significant impact on the value relevance of accounting information. Research implications or Originality - The results of this study suggest that investors recognize key audit matters as information about the company's major financial risks and reflect them differently in the value relevance of accounting information.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.66 no.8
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• pp.1172-1180
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• 2017

This study analyzed competition in peak load plants between CCGT and GT instead of competition between base and peak load plants like in previous studies. In common overseas power markets, CCGT and GT claim certain market shares as peak load plants with the latter boasting a high utilization rate as reserve plants. In South Korea, however, there has been no introduction of GT in the market that opened in 2001 with no analysis cases of GT's economy as a peak load plant. The current power market of South Korea is run on the cost-based pool, which allows for no price spikes. Since the capacity payment criteria for compensations for missing money are set based on GT generators, the power market uses GT generators as marginal plants. The purposes of this study were to analyze the competitive edge of GT generators as peak load plants in the domestic power market of South Korea and identify the causes of GT's failure in market entry, thus assessing the adequacy of market signals in the domestic power market.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.58
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• pp.149-177
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• 2013

This article introduces and briefly examines the Uniform Rules for Forfaiting (URF)(ICC Publication No. 800), which were prepared by a joint project of the Banking Commission of the International Chamber of Commerce (ICC) and the International Forfaiting Association (IFA), and became effective on January 1, 2013. Forfaiting is a kind of trade financing technic performed by way of a sale and purchase of payment claim between its seller and its buyer, the forfaiter, on a without recourse basis. URF is designed to facilitate global trade finance and embraces all the international payment instruments which are currently used and will be newly developed in the future. URF is expected to be a set of standardized terms and conditions for both the primary and secondary forfaiting markets. In this context, this article first looks into the concept of the forfaiting and certain features and structure of forfaiting transactions. Then this article moves to discussing URF itself. For this it examines (i) the nature and scope of URF and some important definitions provided in URF, (ii) some provisions of URF that apply to the delivery of documents to the forfaiter, the examination, and the acceptance or refusal, of such documents by the forfaiter, and (iii) the payment of purchase price by the forfaiter to its seller, including the matter of "payment under reserve" and repurchase by the seller from the forfaiter. Finally, this article examines liabilities of the parties concerned, before conclusion.

• Plant Journal
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• v.7 no.2
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• pp.39-43
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• 2011

Due to the recent uncertainty of market situations such as the escalation of petroleum prices, increased production capacities of plants, limitations of the available EPC (Engineering, Procurement, Construction) contractors, and the increase of raw material prices, EPC contractors have had a tendency to include a higher reserve contingency in the lump-sum turnkey contract price. In order to overcome the changes in the market, the plant project construction industry has started to apply the converted lump-sum turnkey contract in plant construction market. This study was focused to find the associated risks and to analyse the identified risks on recent trend of application of the new contract type, which is the converted lump-sum turnkey contract. It was recognized from the analysis that quality and cost have more high priority risks than other project objectives. This paper also suggests the mitigation plan for identified risks to achieve project objectives appropriate to the converted lump-sum turnkey project from the viewpoint of an EPC contractor keeping transparency with owner.

• Journal of Korean Society of Forest Science
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• v.94 no.5 s.162
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• pp.307-312
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• 2005

This study aimed to develop an agroforestry technology through the participation of local people. The study was conducted in the Makiling Forest Reserve (MFR) of the University of the Philippines Los Banos (UPLB). Diagnosis and Design (D&D) methodology was employed to plan and implement effective research and development projects. Diagnostic interview and direct field observation were conducted to identify the significance of the land-use system and to understand how the system works. As a result of the diagnostic interview and direct field observation in San Vicente, old coconut-based land-use system is shifting to mahogany-based agroforestry system. One of the reasons is due to the very complicated socio-economic and silvicultural factors including lower price of coconut farm products, industry development, lack of labor force, and pest and diseases. Change in land use brought about by the shifting to mahogany-based farming system is slow. Also, mahogany trees are observed to be not well-maintained. However, mahogany based land use system gives farmers' a bigger income as well as environmental benefit. Farmer's cooperation and local forestry policy for CDM were proposed to encourage people's self-restoration effort.