• Title/Summary/Keyword: Stock management

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Design of Information Application of Decreasing Safety Stock in the Logistics (물류업 안전재고 감축을 위한 정보시스템 설계)

  • Kim, Min-Jun;Park, In-Sul;Yun, Jun-Sub;Hong, Sang-Tae
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.194-198
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    • 2005
  • Inventory information system is providing the benefits of smoother demand, lower inventories(work in process, safety stock) and reduced costs. This study focused on improvement of safety level inventory efficiency by inventory information system. The results indicated that inventory information system allowed the company to serve its customers more surely and efficiently.

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A study on the 3-stage 3-dimensional guillotine cutting-stock problem (3차원 기로틴 3단계 자재절단 방법에 관한 연구)

  • 김상열;박순달
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.276-279
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    • 1996
  • This paper deals with the method providing an exact solution to the 3-dimensional guillotine cutting stock problem. We suggest a 3-stage sutting method using the property that cubic material has to be cut into 2-dimensional planes firstly. This method requires more stocks that the general guillotine cutting methods but can save work force. By using the 1-dimensional dynamic programming, we reduce the computational time and the memory requirement in the 3-stage guillotine cutting method.

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Nonparametric Stock Price Prediction (비모수 주가예측 모형)

  • Choi, Sung-Sup;Park, Joo-Hean
    • The Korean Journal of Financial Management
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    • v.12 no.2
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    • pp.221-237
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    • 1995
  • When we apply parametric models to the movement of stock prices, we don't know whether they are really correct specifications. In the paper, any prior conditional mean structure is not assumed. By applying the nonparametric model, we see if it better performs (than the random walk model) in terms of out-of-sample prediction. An interesting finding is that the random walk model is still the best. There doesn't seem to exist any form of nonlinearity (not to mention linearity) in stock prices that can be exploitable in terms of point prediction.

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Stock assessment and management implications of horse mackerel in Korean waters, based on the relationship between recruitment and the ocean environment

  • Zhang, Chang-Ik;Lee, Jae-Bong
    • Proceedings of the Korean Society of Fisheries Technology Conference
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    • 2000.05a
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    • pp.328-329
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    • 2000
  • This research is to estimate population parameters of the Korean horse mackerel stock and to determine the status of the stock. Considering the linkage of recruitment with the variation of environmental conditions in the early life history, acceptable biological catch (ABC) of horse mackerel was estimated. (omitted)

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Linkages between the Korea and Asia-Pacic stock markets

  • Shin, Yang-Gyu
    • Journal of the Korean Data and Information Science Society
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    • v.21 no.6
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    • pp.1337-1341
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    • 2010
  • The paper investigates linkages between the Korea stock market and each of the major Asia-Pacific stock markets, namely those of the Japan, China, Australia, New-Zealand, We employs the Johansen technique to test for pairwise cointergration between the Korea stock market and each of the major Asia-Pacific stock markets. The major stock indices of the markets are used, from 1 September 2006 to 31 August 2010. The results from the test implies that the Korea market is not cointergrated with any of the major Asia-Pacific markets during the period. Our study implies that there are no long-run linkages between the Korea and any of the major Asia-Pacific stock markets.

A Knowledge Stock and Flow Perspective for the Assimilation of Knowledge Management Innovation (지식관리혁신의 동화를 위한 지식의 축척과 흐름의 관점)

  • Lee, Jae Nam;Choi, Byoung-Gu
    • Knowledge Management Research
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    • v.11 no.5
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    • pp.1-23
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    • 2010
  • In order to provide a better understanding about the phenomenon of KM assimilation, this study attempts to conceptually develop and empirically compare two different models: (1) the first model, which considers the KM process as the flow of knowledge that plays an intervening role between knowledge stocks (i.e., knowledge worker, technical knowledge infrastructure, external knowledge linkage, knowledge strategy, and internal knowledge climate) and the level of KM assimilation; and (2) the second model is a simple direct effect formulation without any distinction between knowledge stock and flow. These two models were then tested and compared using the responses of 187 Korean organizations that had already implemented enterprise-wide KM systems. The findings indicate that the two models are useful in explaining successful KM assimilation. However, the first causal model with the distinction between knowledge stock and flow assesses the effectiveness of KM more accurately than the second model without the distinction. Interestingly, the KM process was shown to be the most critical factor for the proliferation of KM activities across an organization. The findings of this study are expected to serve not only as early groundwork for researchers hoping to understand KM and its effective assimilation in organizations, but should also provide practitioners with guidelines as to how they can enhance their KM assimilation level so as to improve their organizational performance.

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The Performance-based Executive Stock Options and Firm Value (성과연동형 스톡옵션 부여와 기업가치 : 한국 금융업을 대상으로)

  • Kim, Soo-Jung;Sul, Won-Sik
    • The Korean Journal of Financial Management
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    • v.27 no.2
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    • pp.85-114
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    • 2010
  • Using the financial institutions that have adopted performance-based stock option plan, this paper examines whether performance-based executive stock options improves effectively firm value. Over the period 2002~2005, we investigate short-term and long-term effects of the performance-based stock options on stock price. The empirical results are summarized as follows. First, the announcement of plain vanilla stock options generates no significant effects on firm value. Meanwhile, the announcement of performance-based stock options results in negative and significant abnormal returns, which is contrary to the expectation. In addition, we find that there are strong, significant and negative announcement effects when banks grant performance-based stock options. Secondly, there is no significant difference between the long-term performance of the sample granting stock options and that of the benchmarks, which is similar to the findings of the previous research. Also, we fail to get any evidence that performance-based stock option awards have improved the long-term firm value.

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A Study on the Successful Factors in the Application of RIMS Project for the Safe Operation of Rolling Stocks in the Public Transportation (공공교통 전동차 안전운행을 위한 RIMS 프로젝트 적용의 성공요인 연구)

  • Lee, Kang-Won;Bhang, Youn-Keun;Son, Young-Jin
    • Journal of the Korean Society for Railway
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    • v.9 no.5 s.36
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    • pp.555-560
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    • 2006
  • This study finds out and suggests success factors for the application of RIMS project through the case study of Seoul Metro and literature survey. The successful application of RIMS needs expert knowledge and concept of BOM, standardization of maintenance planning, check lists of heavy maintenance inspection, organization structure of rolling stock maintenance offices, material management system of warehousing and the process of parts repairing between offices, connection of material ordering system, problem solving of circular spare parts administration among inspection, maintenance, and material organizational units, systemic serial number management of parts with RFID, daily closing diary connected with work process chart, and sufficient period of RIMS's test run. RIMS contributes to real time management of rolling stock maintenance, transparency of management, reliability of train operation, customer satisfaction, and management innovation.

Analyzing Online Fake Business News Communication and the Influence on Stock Price: A Real Case in Taiwan

  • Wang, Chih-Chien;Chiang, Cheng-Yu
    • Journal of Information Technology Applications and Management
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    • v.26 no.6
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    • pp.1-12
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    • 2019
  • On the Internet age, the news is generated and distributed not only by traditional news media, but also by a variety of online news media, news platforms, content websites/content farms, and social media. Since it is an easy task to create and distribute news, some of these news reports may contain fake or false facts. In the end, the cyberspace is full of fake or false messages. People may wonder if these fake news actually influence our decision making. In this paper, we discussed a real case of fake news. In this case, a Taiwanese company used some fake news, advertorial news, and news placement to manipulate or influence its stock price and trade volume. We collected all news for the case company during a period of four years and five months (from January 2013 to May 2017). We analyzed the relationship between published news and stock price. Based on the analysis results, we conclude that we should not ignore the influence of news placement and fake business news on the stock price.

The Relationship Between Corporate Governance and Underpricing: A Case Study in Ho Chi Minh Stock Exchange

  • TRAN, Khang Hoang;NGUYEN, Diep Thi Ngoc;KNAPKOVA, Adriana;ALIU, Florin
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.375-381
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    • 2021
  • Underpricing signifies that IPO share prices do not reflect the fundamental value of the listed company. Corporate governance plays an essential role in IPOs where the board of directors, the independent board of directors, and the board of supervisors are significant elements of accurate share pricing. The study investigates the underpricing phenomena and short-term performance of the IPO companies during the listing process in the Ho Chi Minh Stock Exchange (HOSE). The work outcomes illustrate the role of the corporate organizational structure in the period of the IPO process that may attract potential investors. The hypothesis testing is conducted with a multiple regression model including 100 observations from enterprises doing IPO listed on HOSE. The study results generate signals for the investors and regulators that the board of directors holds a strong negative influence on the underpricing process. Secondly, the level of the independent board of directors and stock exchange in itself has no significant impact on the underpricing process. Underpricing is one of the many anomalies of the stock exchanges that provide wrong signals for the market participants. Identifying stock prices that reflect their intrinsic value is an ongoing debate among scholars, investors, and other market participants.