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Inter-country Analysis on the Financial Determinants of Corporate Cash Holdings for the Large Firms With Headquarters in the U.S. and Korea (한국과 미국 대기업들의 현금유동성 보유수준에 대한 재무적 결정요인 분석)

  • Kim, Hanjoon
    • The Journal of the Korea Contents Association
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    • v.17 no.6
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    • pp.504-513
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    • 2017
  • This study investigated one of the controversial issues on debate or even controversial between policy makers at the government and corporate levels: To examine any financial determinants on the cash holdings of the firms in the advanced and emerging capital markets. Futhermore, it focused on the large representative firms headquartered in the U.S. and the Republic of Korea, taking into account scarcity of the previous literature concentrated on the comparative studies on this particular subject. Several legitimate, but robust econometric estimations such as static and dynamic panel data models and Tobit regression, were applied to investigate possible financial factors ono the cash liquidity. Given the continued debates or arguments on the excess cash reserves between interest partied at the government and corporate levels in the advanced and/or emerging capital markets, and more accelerated capital transfers among associated nations by engaging in the arrangements of the FTAs, the results of the study may provide a vision to search for the optimal level of corporate cash holdings for firms in the two nations.

Study on the Effectiveness of Korean Active Labour Market Polices (재정지원 일자리사업의 정책효과성 추정)

  • Chon, Joo-Yong;Jun, Jaesik
    • Journal of Labour Economics
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    • v.40 no.1
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    • pp.99-132
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    • 2017
  • This study examines the employability of participants and employment outcomes in the Korean active labor market policies(ALMPs). The data used in empirical testing is Korea Labor and Income Panel Study 1~15th survey data, participants database in ALMPs and Unemployment Insurance database. The main results are as follows. Level of employability in participants with ALMPs is about 56.3 and that of participants with direct job creation(DJC) programs shows the most low level in sub-type of ALMPs. About 30.8% of all people participating in ALMPs belongs to vulnerable group and 71.5% of participants in DJC programs is in vulnerable group. In DJC programs, the participants with low level of employability are some more likely to be in vulnerable group. As the level of employability in participants with DJC programs increases, their job-search time after moved in labor market reduces and their duration of employment increases. To summarize, one can imply that the DJC programs are effective to transit vulnerable groups in labour market and improve the labor market outcomes by enhancing the employability of participants.

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Design and Implementation of Unified Index for Moving Objects Databases (이동체 데이타베이스를 위한 통합 색인의 설계 및 구현)

  • Park Jae-Kwan;An Kyung-Hwan;Jung Ji-Won;Hong Bong-Hee
    • Journal of KIISE:Databases
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    • v.33 no.3
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    • pp.271-281
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    • 2006
  • Recently the need for Location-Based Service (LBS) has increased due to the development and widespread use of the mobile devices (e.g., PDAs, cellular phones, labtop computers, GPS, and RFID etc). The core technology of LBS is a moving-objects database that stores and manages the positions of moving objects. To search for information quickly, the database needs to contain an index that supports both real-time position tracking and management of large numbers of updates. As a result, the index requires a structure operating in the main memory for real-time processing and requires a technique to migrate part of the index from the main memory to disk storage (or from disk storage to the main memory) to manage large volumes of data. To satisfy these requirements, this paper suggests a unified index scheme unifying the main memory and the disk as well as migration policies for migrating part of the index from the memory to the disk during a restriction in memory space. Migration policy determines a group of nodes, called the migration subtree, and migrates the group as a unit to reduce disk I/O. This method takes advantage of bulk operations and dynamic clustering. The unified index is created by applying various migration policies. This paper measures and compares the performance of the migration policies using experimental evaluation.

Human Life in Saemangeum after Reclamation (새만금 간척사업 후 주민의 삶)

  • Hahm, Han-Hee
    • Journal of the Korean Society for Marine Environment & Energy
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    • v.13 no.4
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    • pp.313-326
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    • 2010
  • This paper explores the changing aspects of the fishing village and fishermen since the beginning of the Saemangeum Reclamation Development Project in 1991. The Saemangeum Project was neither appropriate nor effective because it adopted an outdated development policy. It should have been obvious that as a result of the Project, tideland where various kinds of clams, crabs, oyster, and many other marine resources live would be lost. The fishermen in the affected area have suffered various hardships. The most acute problem at present is the disappearance of their subsistence activity that threatens their families' survival. Facing the crisis, they view fishing as their most valuable resource. Overlooking the Saemangeum Lake which is newly formed, they view the sea and tideland as their treasure boxes or bank deposits. From the beginning until now, the government did not pay attention to the concerns of the fishermen and their communities. It was an outcome of the typical top-down bureaucratic decision making. Until recently the government has persisted in its position that the primary goal of the reclamation project was to increase agricultural land. In July 23, 2009, the government suddenly announced the new Saemangeum development plan. The new plan focusing on the industrial city complex was quite different from the old plan. Regardless of the revised plan the lives of the villagers in the coastal areas have already been significantly altered. Most villagers no longer depend on fishery. Many have already left their homestead and moved away in order to search new jobs or find another coastal area where they can continue their fishing.

A Study on Improvement Plans of Public Support for Performing Arts Industry's Distribution (공연예술산업의 유통부문 지원 개선방안)

  • Kim, Sun-Young;Yi, Eui-Shin
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.11
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    • pp.176-186
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    • 2017
  • The subject of this study is to search for the improvements or solutions of problems in the field of the performing arts that relies on public support and faces economic difficulties. Considering the value chain for the performing arts industry is comprised of Creation-Distribution-Consumption is isolated relatively, this study aims to identify improvements for the distribution system. By examining the government's theater-oriented support policy, this study details methods of improvements in the distribution sector of the performing arts industry. Following the study of the performing arts industry and its value chain, the study analyzes the structure, factors and the present state in the performing arts industry, as well as the volume and type of public sector support for distribution. The study concludes by suggestingmagnifying government's Distribution sector supporting that was limited by only 2.7% in 2014, and fostering and specialty improvement of circulation agents such as production agencies.In addition, supporting distribution diversification, namely the extension of platforms like the Visualization of Performing Arts, is needed. These alternatives will contribute to balanced development and coevolution of each sector which comprises the performing arts industry's value chain.

Exploring Practices of Interpretation and Communication in Art Museums (미술관의 해석과 소통의 모색)

  • Kim, Elm-Yeong
    • The Journal of Art Theory & Practice
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    • no.2
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    • pp.147-168
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    • 2004
  • This study examined the role of interpretation with various practices in art museums to seek a new meaning and a concept of art museum today. The exploration of interpretation would he a starting point to discuss about on art museums with professionals in each art-related field. While museums recognize the concept of interpretation and the scope of the functions in different levels, the study focused on the practices of collecting and exhibiting that will entrust the museum new realms of activities toward the audience. In particular, its emphases are set force on the information on the collections via the museum's web sites, interpretation policies, and theories and methodologies in exhibition development. Art museum websites well reflect how museums utilize the new medium to enhance the understanding of art works by providing in-depth art historical information, comprehensive contexts, and subject/concept based search methods. In recent decades, these have enacted changes to expand dimensions of interpretive functions in most museums, particularly in the United States and others. In an administrative perspective, Tate Gallery Interpretation Policy became an good example how an art museum put its interpretation philosophy as the basis of interpreting collection and public programs. Tate established functions of intrepretation and education not only within a task-based team but also as an intrer-divisional coorperation to provide an interpretation scheme of information provisions such as guide brochure, audio tour, multimedia content, and library. New environment and trends of museum exhibition, and its development processes stem from communication theories, object interpretation philosophy, display strategies, and various evaluation techniques through audiences, with the communication theories of Shannon and Weaver, Berlo's SMCR(Source-Message-Channel-Receiver) models were perceived as to understand the mechanism to communicate museum exhibits to visitors Suzan vogel's insight into object display strategy helped to conceive the mechanism of object recontextualization. She emphasized that the museum's practice to construe opinions and impressions through object display should be discreet and critical, therefore, the professionals to plan the exhibition should reveal the intention and their practices. For a prevailing new methodology from the field, the interpretive exhibition development processes are articulated as the front-end, formative, and summative evaluation, futhermore the team process in industrial product management models was adapted. These have turned out to be more interactive with visitors and effective to communicate the exhibition concepts and messages, hence resulting in enriched museum experiences. Finally the study concluded that understanding the aspects of interpretation should help art museums to set a framework for current practices to expand its public dimension. It can provide curators with a critical view to website planning and its content. And obviously, the interpretive exhibition development methodology will lead museum exhibition developers to be skilled in its current approaches to thematic exhibition concerning diverse subjects and topics.

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An Analysis on the Effects of Demand Response in Electricity Markets (수요반응자원의 전력시장 도입효과 분석)

  • Yoo, Young-Gon;Song, Byung-Gun;Kang, Seung-Jin
    • Environmental and Resource Economics Review
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    • v.16 no.1
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    • pp.99-127
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    • 2007
  • When the margin between available capacity and demand is thin in a liberalized electricity market, prices rise steeply and system reliability is threatened. The principal response to these circumstances is often an assumption that price spikes and electricity shortages are the result of a failure to build sufficient new supplying facilities. It is, of course, often the case that additional investments in generation and network facilities would improve reliability, and such investments are often needed. But focusing on additional generation and transmission facilities for restoring balance to the grid overlooks the essential fact that reliability is a function of the relationship between supply and demand, imposing unnecessary costs on electric system. When the relationship is out of balance, the search for solutions must consider not only investments supply-side resources but also cost-effective demand-side resources such as accelerated load management, efficiency measures, and price-responsive load programs. Integrating demand resources into electricity markets can add enormous value to the electric system, widening the capacity margin, lowering costs and enhancing system reliability at the same time. This paper studies several challenges now facing electricity markets: demand-side management-especially, economic effects of demand response, potential reliability problems, market and system operation, CBP market improvements and so on. The paper concludes with a series of policy recommendations in five areas: (i) The Effects of efficient improvement to incorporate demand responses and demand-side resources into modem electricity markets, (ii) Fosteing price based demand response and (iii) improving incentive based demand response, (iv) strengthen demand response analysis and valuation, (v) integrating demand response into resource planning and adopting enabling technologies.

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Some Considerations on the Establisment of the Exclusive Economic Zone in Korea (한국의 배타적 경제수역 설정에 관한 연구)

  • 이윤철
    • Journal of the Korean Institute of Navigation
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    • v.17 no.4
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    • pp.1-21
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    • 1993
  • The purpose of this paper is to search for reasonable and fair principles applicable to the delimitation of the Exclusive Economic Zone(which is called the EEZ, hereinafter) around the Korean Peninsula th-rought the comprehensive study of maritime boundary, which is one of the most important issues in the law of the Sea. So far, the sea has been exploited for activities such as fishery, transport and military stratedy, and en-vironmental policy and so on. From this time on, however, it becomes important to us as the major trea-sure-house of various resources which will be developed and used for diversified purposes. For these rea-sons, nowadays, more and more countries of the world are competing to secure waters as much as possible within their jurisdiction. And the regime of the EEZ was created as a result of this international trend. At last, it has been institutionalized as the 200-mile EEZ of a legal notion in the Convention on the Law of the Sea, which was adopted at the Third United Nations Conference on the Law of the Sea, in Jamaica on December 10, 1982. In adapting to this EEZ institution, Korea is faced with several complicated problems as it is bounded on three sides by the sea and all of its neighboring countries such as the PRC, the DPRK, Japan, Russia etc are less than 400 miles away between opposite countries. Therefore, when trying to delimit the boun-dary for the EEZ, it appears necessary to analyze applicable principles and rules of international law for delimitation mainly through the Convention on the Law of the Sea, and studies the trends of actual State practices and recent international precedents. It is hoped that such knowledge will enable Korea to secure sufficient resources and other sovereign rights without conflicting with the neighboring countries concer-ned. For the achievement of the above mentioned object. I analyzed the necessities of the establishment of the EEZ in Korea, the difficulties and practices of Korea's neighbors, and the changes and forthcoming trends in Korea's relations with its neighbors concerned on the basis of the general explanation of the EEZ regime. In conclusion, it is my opinion that for the establishment of the EEZ delimitation which neighbors around the Korean Peninsula should be applied reasonable and equitable principles considering the rele-vant circumstances which characterize the area definitely as well as the UN Convention on the Law of the Sea, 1982.

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Study on Political Factors for Innovating Textile and Fashion Industry in Northern Gyeonggi Province (경기북부 섬유패션산업 혁신을 위한 필요 정책요인 분석연구)

  • Yoon, Chang-Ju;Hwang, Chan-Gyu;Kwon, Hun-Gong;Won, Moon-Ye
    • Journal of Convergence for Information Technology
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    • v.8 no.1
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    • pp.253-263
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    • 2018
  • Textile fashion industry is a core foundation industry, having the majority of companies with 10 or more workers, in Northern Gyeonggi Province. however the industry is mostly comprised of small unit-stream enterprises, orders are greatly reduced due to lately accelerated overseas expansion of medium/large-sized vendors and the growth-inhibiting vicious circle has being set in, as this situation causes the reduction of investment. For resolving the problems, this study proposes required political factors and concrete policy proposals by designing AHP research model(4 layers and 36 elements), based on grasp of the transitional aspect of industrial scale and business environment through analysis of various industrial statistics, preceding research such as related literature search and (industrial/academic/R&D/government) specialist opinion investigation, and then calculating relative importance and priority of each factor(element) within each layer. And for raising usefulness and availability of the research result by concretely suggesting the vision, strategies, core tasks and detailed projects in which the research model and deduced result are reflected.

Analysis of major research trends in artificial intelligence based on domestic/international patent data (국내외 특허데이터 기반의 인공지능분야 기술동향 분석)

  • Chung, Myoung Sug;Jeong, So-Hee;Lee, Joo Yeoun
    • Journal of Digital Convergence
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    • v.16 no.6
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    • pp.187-195
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    • 2018
  • Recently, the 4th industrial revolution has emerged as the core for enhancing national competitiveness, the development of a technology roadmap to efficiently develop related technologies to realize super intelligence as a main feature of the 4th Industrial Revolution is a major task has been highlighted. The objective of this study is to analyze the domestic and foreign technology level in the artificial intelligence field which is the core technology of the 4th Industrial Revolution era and to present the direction of development based on this. The keyword network analysis and the blank technical analysis based on the IPC classification were performed on the data derived from the keyword search of 'AI (Artificial Intelligence)' among domestic and foreign patent data. As a result, the number of domestic artificial intelligence related technology development was 1.2% compared with developed countries such as USA and Europe. In the major development fields, data recognition technology and digital information transmission technology were relatively insufficient. Through this study, we obtained the blank technology as a result of comparative analysis of domestic artificial intelligence related technologies compared to advanced countries and suggested the direction of domestic artificial intelligence technology development in future.