• Title/Summary/Keyword: Stock Management

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The Relationship Between Insider Ownership and Firm Performance in Up and Down Markets (쇠퇴시장과 상승시장에서의 경영자지분율과 기업성과 사이의 관계)

  • Nam, Hyun-Jung;Yu, Seng-Hun
    • Management & Information Systems Review
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    • v.31 no.1
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    • pp.45-63
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    • 2012
  • The purpose of this study is to investigated the association between the percentage of common stock held by a company's CEO and measure firm performance in down and up markets. We found that managerial ownership is associated positively with firm performance. We also found that although firms with high insider ownership generally outperform other firms, this relationship is diminished in down markets and is increased in up market. These results suggest that investment strategies based on the assumption that high insider ownership is associated positively with financial performance may be faulty in declining market.

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Change of relative fishing power index from technological development in the offshore conger eel pot fishery (근해장어통발어업에서 어로기술발달에 따른 어획성능지수 변동)

  • SEO, Young-Il;JEONG, Geum-cheol;CHA, Hyung-kee;JO, Hyun-Su;LEE, Yoo-Won;JANG, Choong-Sik;AN, Young-Su
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.56 no.1
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    • pp.37-44
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    • 2020
  • The change of fishing power index was analyzed to identify the development of the vessel and gear technology that may improve the fishing efficiency of the offshore conger eel pot fishery from 1980s to 2015. Gross tonnage per fishing vessel was rapidly increased annually. The standard of pot was maintained, but the number of pot used rapidly increased by using conger eel pot hauling devices, carrying and loading devices, main line hauler, casting devices and slide type pot. Fish finder system to identify fishing ground information and the conger eel pot hauling devices were modernized, and supply rate was also increased. Therefore, the relative fishing power index in the offshore conger eel pot fishery increased from 1.0 in 1980 to 1.3 in 1990, to 1.8 in 2000 and to 2.0 in 2015. The results are expected to contribute to reasonable fisheries stock management of the offshore conger eel pot fishery.

Factors Affecting High Mortality Rates of Dairy Replacement Calves and Heifers in the Tropics and Strategies for Their Reduction

  • Moran, John B.
    • Asian-Australasian Journal of Animal Sciences
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    • v.24 no.9
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    • pp.1318-1328
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    • 2011
  • The tropics is not an ideal location for calf rearing as the high temperatures and humidities introduce many potential disease problems to milk fed calves. In addition, the type of dairy farming (generally poorly resourced small holder farming) and the general lack of awareness of the long term implications of poorly reared stock do not encourage farmers to pay close attention to their calf and heifer rearing systems. Surveys of calf rearing systems in Asia, tropical Africa and South America highlight the high calf and heifer mortalities. A range of 15 to 25% pre-weaning calf mortality is typical on many tropical dairy farms. It is often as high as 50%, indicating very poor calf management. This contrasts with US findings of less than 8% mortality from birth to 6 months while surveys of Australian farmers report only 3% losses. Simple extension programs on farms in Sri Lanka and Kenya have drastically reduced calf mortalities and improved pre-weaning growth rates. Improved management strategies leading to lower calving intervals, higher calving rates, reduced still born and pre-weaned calf mortalities and fewer non pregnant heifers can supply many more dairy herd replacements than currently occurs. Such strategies can increase the number of replacement heifer calves in the herd from 15 to over 35%, thus allowing farmers to increase their herd sizes through natural increases. Simple management procedures such as ensuring adequate intake of good quality colostrum within the first 12 hours of life, housing and good hygiene to minimise disease transfer, providing clean drinking water, developing appropriate feeding protocols to encourage early rumen development and paying closer attention to climate control and animal health can all lead to improved calf vigour and performance. Good record keeping is also important so farmers can more easily identify susceptible calves and quickly treat potential problems.

The Effects of Health Management System on the Growth of Chicken Small Farm in Southwest States of Nigeria

  • Saka, Jelili Olaide;Adesehinwa, Akinyele Oluwatomisin Kingsley;Oyegbami, Ajoke;Omole, Adeboye Joseph;Cho, Gyoung-rae;Seol, Young-joo;Kim, Chongdae;Kim, Sung Woo;Jeon, Iksoo
    • Korean Journal of Poultry Science
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    • v.44 no.4
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    • pp.225-233
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    • 2017
  • Chicken production remains the foremost endeavor in the Nigerian livestock industry. However, disease incidence has been a major constraint on the growth of this subsector. This study assessed health management practices and disease incidence in smallholder chicken production enterprise in Southwest Nigeria using data from a farm survey of 240 farmers selected using a multistage sampling technique from 5 of 6 states in Southwest Nigeria. The study showed that vaccination was given by 96.8% of the famers, 97.8% dewormed their chickens, and 92.9% disinfected the coops against diseases. However, 37% of the farmers regularly consulted veterinarians, 25.7% consulted them during disease outbreaks, and 34.2% occasionally consulted veterinarians. Infectious bursal disease (IBD), coccidiosis, and chronic respiratory disease (CRD) were the major diseases reported by 17.1%, 12.9%, and 7.1% of the farmers, respectively. Mortality rate was 37.8%, although this varied with disease. However, there was a growth of 157.4% in stock size between the establishment of the farms and the survey period.

A Study on the Test and Evaluation Process Development for Korea Next Generation Highspeed Electric Multiple Unit (차세대 고속열차 시험평가 프로세스에 관한 연구)

  • Lee, Tae-Hyung;Kim, Sang-Soo;Kim, Seog-Won;Kim, Ki-Hwan;Chung, Heung-Chai
    • Journal of the Korean Society of Systems Engineering
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    • v.7 no.2
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    • pp.7-11
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    • 2011
  • A high-speed railway system represents a typical example of large-scale multi-disciplinary system, consisting of subsystems such as rolling-stock, electrical hardware, electronics, control, information, communication, civil technology etc. The system design and acquisition data of the large-scale system must be the subject under strict configuration control and management. Systems engineering technology development project for Korea next generation High-speed Electric Multiple Unit (HEMU) system in progress is a national large system development project that is not only a large-size and complex but also multi-disciplinary in nature. Therefore, all stakeholders must understand and share the functional and performance requirements of HEMU throughout its life-cycle phases. Also in the test and evaluation phase, all systems requirements must be verified. In 2011, the prototype train manufacturing will be completed. It will do test run on the commercial line and all systems requirements are verified until 2012. For the system verification, the test and evaluation process have to be established before the test trial run. Using a systems engineering tool, the system design database(SDD) with requirements traceability and development process management in the course of the development have to be established. This paper represents the test and evaluation process development based on the SEMP(Systems Engineering Management Plan) developed in the design stage. The test and evaluation process is refined and updated in comparison to the design stage one. The test and evaluation process consists of procedure, test and evaluation method and schedule. So through this process, it is defined that each systems requirements is verified on which test and about what time.

Relay Cooperative Transmission Scheme for Distributed MAC Protocol-Based Logistic Applications (분산적인 매체접근제어(MAC) 프로토콜 기반 물류 시스템을 위한 릴레이 협력통신 방안)

  • Joo, Yang-Ick;Hur, Kyeong
    • Journal of Korea Multimedia Society
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    • v.14 no.3
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    • pp.423-432
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    • 2011
  • In a warehouse, because there exist frequent changes of stock status and the quality of some contents are influenced by the environment such as temperature, fast and accurate management of the warehouse's environment is very important for Warehouse Management Systems (WMS). However, due to the absence of a unified standard for the communication protocol between RFID nodes, the connection between RFID nodes can be broken in case of movement of a RFID reader to a region with a different protocol. Moreover, centralized MAC schemes for RFID communications in previous studies have severe problems. For an example, if a cluster header disappears from the cluster due to the cluster header's movement or bad channel conditions, the RFID member nodes of the cluster waste lots of time and energy to re-elect a new cluster header. Therefore, in this paper, we propose a WiMedia Distributed MAC (D-MAC) scheme for RFID communications and its cooperative relay transmission scheme for WMS applications Simulation results show performance improvement at the RFID node by using the proposed cooperative relay transmission scheme.

Biomass Energy Potential of Wood Waste due to Forest Land Conversion (산림전용에 따른 폐잔목의 임산바이오에너지 잠재적 공급량 분석)

  • Kwon, Soon-Duk;Son, Yeong-Mo;Park, Young-Kyu
    • Journal of Korea Foresty Energy
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    • v.25 no.2
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    • pp.16-21
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    • 2006
  • This study aimed to assess biomass energy resources available from waste wood due to forest land conversion. Forest land area of 7,806ha on annul average during 2001-2005 was converted to other land use and the growing stock of $266,551m^3$ was felled annually due to the conversion. Biomass energy potential of waste wood due to forest land conversion was estimated to 102,325 tons of biomass on annual average during 2001-2005 of which 57,945 tons were from coniferous forest and 44,379 tons were from broadleaved forest. Biomass energy Potential Per unit area Per year increased for the same period and was estimated to 13.0 tons of biomass on annual average.

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Assessment of Biomass and Carbon Stock in Sal (Shorea robusta Gaertn.) Forests under Two Management Regimes in Tripura, Northeast India

  • Banik, Biplab;Deb, Dipankar;Deb, Sourabh;Datta, B.K.
    • Journal of Forest and Environmental Science
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    • v.34 no.3
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    • pp.209-223
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    • 2018
  • We investigated tree composition, stand characteristics, biomass allocation pattern and carbon storage variability in Sal forests (Shorea robusta Garten.) under two forest management regimes (Sal forest and Sal plantation) in Tripura, Northeast India. The results revealed higher species richness (29 species), stand density of $1060.00{\pm}11.12stems\;ha^{-1}$ and diversity index ($1.90{\pm}0.08$) in Sal forest. and lower species richness (4 species), stand density of $ 230.00{\pm}37.22stems\;ha^{-1}$ and diversity index ($0.38{\pm}0.15$) in Sal plantation. The total basal cover $33.02{\pm}4.87m^2ha^{-1}$) and dominance ($0.76{\pm}0.08$) were found higher in Sal plantation than the Sal forest ($22.53{\pm}0.38m^2ha^{-1}$ and $0.23{\pm}0.02$ respectively). The total vegetation carbon density was recorded higher in Sal plantation ($219.68{\pm}19.65Mg\;ha^{-1}$) than the Sal forest ($167.64{\pm}16.73Mg\;ha^{-1}$). The carbon density estimates acquired in this study suggest that Sal plantation in Tripura has the potentiality to store a large amount of atmospheric carbon inspite of a very low species diversity. However, Sal forests has also an impending sink of carbon due to presence of large number of young trees.

Effectiveness Evaluation of Demand Forecasting Based Inventory Management Model for SME Manufacturing Factory (중소기업 제조공장의 수요예측 기반 재고관리 모델의 효용성 평가)

  • Kim, Jeong-A;Jeong, Jongpil;Lee, Tae-hyun;Bae, Sangmin
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.18 no.2
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    • pp.197-207
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    • 2018
  • SMEs manufacturing Factory, which are small-scale production systems of various types, mass-produce and sell products in order to meet customer needs. This means that the company has an excessive amount of material supply to reduce the loss due to lack of inventory and high inventory maintenance cost. And the products that fail to respond to the demand are piled up in the management warehouse, which is the reality that the storage cost is incurred. To overcome this problem, this paper uses ARIMA model, a time series analysis technique, to predict demand in terms of seasonal factors. In this way, demand forecasting model based on economic order quantity model was developed to prevent stock shortage risk. Simulation is carried out to evaluate the effectiveness of the development model and to demonstrate the effectiveness of the development model as applied to SMEs in the future.

The Effects of the Service Orientation on Job Satisfaction and Customer Orientation of the Urban Railway-operating Company (도시철도운영기관의 서비스지향성이 직무만족과 고객지향성에 미치는 영향)

  • Lee, Hyun-Ju;Kook, Kwang-Ho
    • Journal of the Korean Society for Railway
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    • v.12 no.5
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    • pp.761-771
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    • 2009
  • This paper performed an empirical study through the survey to investigate the effects of the service orientation of the urban railway-operating company on employees' job satisfaction and customer orientation. For this, the surveyed data was analyzed through factor analysis, reliability analysis, and regression analysis. The difference between railway-operating companies was analyzed by the t-test and the differences between workers in different fields were analyzed by the ANOVA test. The results show that 1) human resource management, employee empowerment, service leadership, and service system are positively related to employees' job satisfaction in the decreasing order, 2) the service system, human resource management, and service leadership are positively related to customer orientation, but employee empowerment is negatively related to customer orientation, 3) the workers of the urban railway-operating company A and B show significant differences in job satisfaction and customer orientation, and 4) the job satisfaction and the customer orientation of the rolling stock maintenance workers was the highest and that of service workers in station was the lowest.