• Title/Summary/Keyword: Stock Management

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Simulation-based Yield-per-recruit Analysis of Chub Mackerel Scomber japonicus in Korean Waters (모의실험을 통한 한국 연근해 고등어(Scomber japonicus)의 가입당 생산 분석)

  • Lee, Kyunghwan;Go, Seonggil;Jung, Sukgeun
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.51 no.3
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    • pp.313-320
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    • 2018
  • Chub mackerel Scomber japonicus is an economically important pelagic species in the western North Pacific. In the last 50 years, the annual total catch in Korean waters showed large fluctuations, ranging from 100 to $420{\times}10^3tons$. To provide a biological reference point for management of chub mackerel, we applied a simulation-based yield-per-recruit (Y/R) model that considered both temperature-dependent growth and size-dependent mortality. We estimated the fisheries yield with respect to varying biological reference points and environmental conditions, including 1) the instantaneous rate of fishing mortality (F), 2) length of fish at first capture ($L_c$), and 3) water temperature. The result of our analysis showed that the Y/R could be greatest when the $L_c$ ranges from 19-27 cm and F ranges from $1.48-2.00yr^{-1}$. Y/R increases with increased water temperature between 15 and $23^{\circ}C$. We suggest targeting an $L_c$ of 17 cm (age=0.6 years) under the assumed current of $F=0.48yr^{-1}$ for maximizing the chub mackerel harvest. Further analysis considering spawning and recruitment processes are required to provide biological reference points to ensure the sustainability of chub mackerel fisheries in Korean waters.

A Combined ANP and DEA Model based Efficiency Analysis of the Listed Construction Firms (ANP와 DEA 결합모델 기반의 상장 건설기업의 효율성 분석)

  • Seo, Kwang-Kyu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.10
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    • pp.4354-4358
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    • 2011
  • Many Korean construction companies have fallen on hard times because the construction business continues to stagnate. Therefore it is necessary to measure the management efficiency for efficient operation and strengthening competitiveness of them in order to survive a difficult situation. This paper proposes a combined ANP and DEA model to analyze the efficiency of the listed construction firms. In order to determine the input and output variables of DEA, the ANP model is applied to evaluate the importance of input and output variables. The benchmarking companies and efficiency value for the construction firms with inefficiency are also provided to improve the their efficiency. The 57 listed construction companies consisted of 36 listed on KOSPI and 21 listed on KOSDAQ are analyzed in this study. The analysis results show that 11 companies whose values of CCR are 1, and 14 firms whose values of BCC efficiency are 1. In additions, the 19 firms have the scalability efficiency. Finally, we test the correlation between efficiency and the stock price.

Design & Implementation of Drug Management System based on RFID (RFID기반의 특수의약품 추적관리 시스템 설계 및 구현)

  • Lee, Bong-Keun
    • The KIPS Transactions:PartD
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    • v.13D no.7 s.110
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    • pp.977-984
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    • 2006
  • This paper is intended to trace and management of drug based on RFID Technology at a circulation market, from manufacturer to end user, of drug. To avoid counterfeit and generic drug and establish of order in the circulation of drug, at the moment of manufacturing, tags for each bottle and each box are tagged. and then from factory to hospital, through whole logistics, e-pedigree for the drug is made and monitored. Using inventory information, it is easy to manage and control stock of drug. In addition to, RFID System enables storing and delivery to be simple, process time to be shortened. As this research is to study of applying RFID to drug, in this paper, standard RFID code for drug is suggested and tried to apply domestic middle win. Finally, the result of tag pattern design and how to tag for the drug based on 90Mhz is proposed

The Relationship between Insider Ownership and Financial Policy (기업소유구조와 재무정책의 상호관련성에 관한 연구 - 자본구조, 투자 및 배당을 중심으로 -)

  • Cho, Ji-Ho;Kim, Chun-Ho
    • The Korean Journal of Financial Management
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    • v.22 no.2
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    • pp.1-41
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    • 2005
  • In the literature, much research has been focused on the relationships between financial policies and corporate valuation, including the effects that internal equity and capital structure have on corporate value, as well as how capital structures, investments and dividends relate to one another. However, comprehensive studies considering three facets of financial policies, namely capital structures, investments, and internal equity altogether, are scant. This study follows 361 companies listed on the Korean Stock Exchange, excluding financial institutions, from 1996 to 2002. Using 3SLS methods, an empirical analysis was conducted of the relationships among capital structures, investments, dividends, and internal equity and the results are summarized. Capital structures were found to be negatively related with investments, while investments were mainly related to dividends. Dividends were positively related with internal equity, simultaneously affecting capital structures. We were not able to find any clear evidence of a direct relationship between internal equity and capital structures; however they seemed to be indirectly related. Thus, there seems to be mutual relationships between financial policies and internal equity.

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Forecasting of Container Cargo Volumes of China using System Dynamics (System dynamics를 이용한 중국 컨테이너 물동량 예측에 관한 연구)

  • Kim, Hyung-Ho;Jeon, Jun-woo;Yeo, Gi-Tae
    • Journal of Digital Convergence
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    • v.15 no.3
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    • pp.157-163
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    • 2017
  • Forecasting container cargo volumes is very important factor for port related organizations in inversting in the recent port management. Especially forcasting of domestic and foreign container volume is necessary because adjacent nations are competing each other to handle more container cargoes. Exact forecasting is essential elements for national port policy, however there is still some difficulty in developing the predictive model. In this respect, the purpose of this study is to develop and suggest the forecasting model of container cargo volumes of China using System Dynamics (SD). The monthly data collected from Clarkson's Shipping Intelligence Network from year 2004 to 2015 during 12 years are used in the model. The accuracy of the model was tested by comparisons between actual container cargo volumes and forecasted corgo volumes suggested by the research model. The MAPE values are calcualted as 6.21% for imported cargo volumes and 7.68% for exported cargo volumes respectively. Less than 10% of MAPE value means that the suggested model is very accurate.

u-Mart Network using RFID/USN based Movement-Reader Device for Effective Shopping of Customer (고객의 효율적인 쇼핑을 위한 RFID/USN 기반 이동형리더기를 이용한 u-마트 네트워크)

  • Diao, Jianhua;Yang, Jin-Ho;Ahn, Byeong-Tae;Kang, Hyun-Syug
    • The Journal of the Korea Contents Association
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    • v.8 no.5
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    • pp.104-112
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    • 2008
  • RFID/USN is considered important basic infra of ubiquitous community and tried practical adaption through various research. Specially, there is during researcher progresses for stock and state management of logistics to let you get at u-mart systems. It discern thing from warehouse to deliver as adhere RFID tag of palette in keeping unit of article and construct form of thing to analyze information of environment status using sence module based on function of wireless communication. in the paper, propose composition of customer satisfaction system using RFID chip in u-Mart status management system based on RFID/USN and according to analysis specific information of commodity, propose movement reader device to offer real-time information from customer. And it presents the improvement program for the provision of product information which is appropriate uses the RFID chip and the provision of control information in the customer who is a core of consuming.

Development of a model for animal health monitoring system in Gyeongnam I. Design, data and frequencies of selected dairy cattle diseases

  • Kim, Jong-shu;Kim, Yong-hwan;Choi, Min-cheol;Kim, Gon-sup;Kim, Chung-hui;Park, Jeong-hee;Hah, Dae-sik;Heo, Jung-ho;Jeong, Myeong-ho;An, Dong-won
    • Korean Journal of Veterinary Research
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    • v.39 no.4
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    • pp.730-737
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    • 1999
  • A national animal health monitoring system(NAHMS) in Gyeongnam area was started from 1997 to develop statistically valid data for use in estimating disease frequencies in dairy cattle, and the associated costs. The objectives of this study were to : (1) discribe what was done to implement and maintain the system in Gyeongnam ; (2) present selected disease frequencies ; (3) discuss the epidemiological consideration of what was done and implications for the results obtained. Veterinary Medical Officers(VMOs-professors and graduate students from Gyeongsang National University, Faculty of Gyeongnam Livestock Promotion Institute, and Clinic veterinarians) served as data collectors. After training on current disease and management problems of dairy cattle, interview techniques, sampling methods, and data collection instruments, the VMOs participated in selection of the sample herds and data gathering. Forty of 167 dairy herds were selected randomly and the VMOs visited farms once a month for 12 months to collect data about management, disease, inventory, production, preventive treatment, financial and any other relevant data. Strict data quality control devices were used. Specific feed-back was developed for the producers and data collectors. Of the three age groups studied, cows had the greatest number of disease problems. The six disorders found most frequently were (from the highest to the lowest) breeding problems, clinical mastitis, birth problems, gastrointestinal problems. metabolic problems, and lameness. In young stock, respiratory, multiple system, breeding problems, and gastrointestinal problems were pre dominant, whereas in calves, gastrointestinal, respiratory, and integumental problems were major.

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Comparison of models for estimating surplus productions and methods for estimating their parameters (잉여생산량을 추정하는 모델과 파라미터 추정방법의 비교)

  • Kwon, Youjung;Zhang, Chang Ik;Pyo, Hee Dong;Seo, Young Il
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.49 no.1
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    • pp.18-28
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    • 2013
  • It was compared the estimated parameters by the surplus production from three different models, i.e., three types (Schaefer, Gulland, and Schnute) of the traditional surplus production models, a stock production model incorporating covariates (ASPIC) model and a maximum entropy (ME) model. We also evaluated the performance of models in the estimation of their parameters. The maximum sustainable yield (MSY) of small yellow croaker (Pseudosciaena polyactis) in Korean waters ranged from 35,061 metric tons (mt) by Gulland model to 44,844mt by ME model, and fishing effort at MSY ($f_{MSY}$) ranged from 262,188hauls by Schnute model to 355,200hauls by ME model. The lowest root mean square error (RMSE) for small yellow croaker was obtained from the Gulland surplus production model, while the highest RMSE was from Schnute model. However, the highest coefficient of determination ($R^2$) was from the ME model, but the ASPIC model yielded the lowest coefficient. On the other hand, the MSY of Kapenta (Limnothrissa miodon) ranged from 16,880 mt by ASPIC model to 25,373mt by ME model, and $f_{MSY}$, from 94,580hauls by ASPIC model to 225,490hauls by Schnute model. In this case, both the lowest root mean square error (RMSE) and the highest coefficient of determination ($R^2$) were obtained from the ME model, which showed relatively better fits of data to the model, indicating that the ME model is statistically more stable and robust than other models. Moreover, the ME model could provide additional ecologically useful parameters such as, biomass at MSY ($B_{MSY}$), carrying capacity of the population (K), catchability coefficient (q) and the intrinsic rate of population growth (r).

Perspectives for the Industrial Use of Bacteriocin in Dairy and Meat Industry (축산업 분야에서의 박테리오신의 산업적 이용 및 향후 전망)

  • Lee, Na-Kyoung;Lee, Joo-Yeon;Kwak, Hyung-Geun;Paik, Hyun-Dong
    • Food Science of Animal Resources
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    • v.28 no.1
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    • pp.1-8
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    • 2008
  • More safe and natural food was recently needed by consumers. Antimicrobials including sodium azide, penicillin, and vancomycin were used for therapeutic agents against pathogens such as Listeria monocytogenes, Staphylococcus aureus, Escherichia coli O157:H7 in dairy and meat industry. These antimicrobials and preservatives were prohibited in stock farm and food because they were caused resistant strain and side effects. Bacteriocins are proteinaceous compounds that may present antimicrobial activity towards important food-borne pathogens and spoilage-related microflora. Therefore, bacteriocins were reported as an alternative of antimicrobials. Due to these properties, bacteriocin-producing strains or purified bacteriocins have a great potential of use in biologically based food preservation systems. Despite the growing number of articles regarding on the isolation of bacteriocinogenic strains, genetic determinants for production, purification and biochemical characterization of these inhibitory substances, there are only limited reports of successful application of bacteriocins to dairy and meats. This review describes bacteriocins related to dairy and meat products for the further use.

Analysis about relation of Won/Dollar Foreign Exchange Rate and Interest Rate of Korea (한국 원/달러환율과 금리의 관계분석)

  • 김종권
    • Proceedings of the Safety Management and Science Conference
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    • 2002.11a
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    • pp.305-319
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    • 2002
  • International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. But, long-term &short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge md were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea. But if external factors from depreciation of yen and China's renminbi are instable, interest rate is expected to increase from capital's outflows. Third, if it is to decrease instability of foreign exchange rate from increase in surplus of future current account, credit rating's upwardness, stability of yen and renminbi, foreign exchange rate is expected to be stable. It is expected to have continuous stability from short-term interest rate to long-term interest rate in this empirical test.

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