• Title/Summary/Keyword: Stock management

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Safety Stock Management Framework for Semiconductor Enterprises Under Demand and Lead Time Uncertainties (반도체부품 수요 및 납기 불확실성을 고려한 안전재고 설정 프레임워크)

  • Ho-Sin Hwang;Su-Yeong Kim;Jin-Woo Oh;Se-Jin Jung;In-Beom Park
    • Journal of the Semiconductor & Display Technology
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    • v.22 no.2
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    • pp.104-111
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    • 2023
  • The semiconductor industry, which relies on global supply chains, has recently been facing longer lead time for material procurement due to supply chain uncertainties. Moreover, since increasing customer satisfaction and reducing inventory costs are in a trade-off relationship, it is challenging to determine the appropriate safety stock level under demand and lead time uncertainties. In this paper, we propose a framework for determining safety stock levels by utilizing the optimization method to determine the optimal safety stock level. Additionally, we employ a linear regression method to analyze customer satisfaction scores and inventory costs based on variations in lead time and demand. To verify the effectiveness of the proposed framework, we compared safety stock levels obtained by the regression equations with those of the conventional method. The numerical experiments demonstrated that the proposed method successfully reduces inventory costs while maintaining the same level of customer satisfaction when lead time increases.

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Accounting Earnings Response Coefficient: Is the Earning Response Coefficient Better or Not

  • PARAMITA, Ratna Wijayanti Daniar;FADAH, Isti;TOBING, Diana Sulianti K.;SUROSO, Imam
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.51-61
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    • 2020
  • The study aims to compare whether using Earnings Response Coefficient (ERC) is better than using the new concept of Accounting Earnings Response Coefficient (AERC) in determining the earnings quality response coefficient value. Also, the study seeks to explain the effect of company characteristics and corporate governance on AERC through voluntary disclosure and information asymmetry. Research samples include 69 manufacturing companies listed on the Indonesian Stock Exchange over the period 2014-2017. The data come from annual reports, stock market prices, CSPI, EPS, stock returns and market returns. The research model is tested using the structural equation model (SEM) with partial least square (PLS). The results showed the value of the earnings response coefficient produced by AERC and ERC was different. Earnings quality resulting from AERC regression by adding CFO values better reflects the actual earnings quality. These results are consistent with the concept built from the proposition about earnings quality at AERC, that quality earnings are informative accounting earnings. The theoretical findings of this study provide an explanation that operational cash flow plays a role in evaluating earnings quality, while providing reinforcement that the ERC regression model fails to detect stock market reactions to information relevant to the aggregated values of accounting earnings.

Quality Characteristics of Duck Stock by the Addition of Malic Acid (사과산 첨가량에 따른 오리 육수의 품질 특성)

  • Kim, Ki-Bbeum;Kim, Dong-Suk;Song, Jung-Sik;Choi, Soo-Keun
    • Journal of the East Asian Society of Dietary Life
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    • v.21 no.2
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    • pp.263-271
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    • 2011
  • This study was performed to develop duck stock using various nutritional elements in duck bone by the addition of malic acid (0.5%, 1.0%, 1.5% and 2.0%). Moisture contents, b value, and pH were decreased, while the L value, a value, salinity, and sugar contents were increased by increasing the ratio of malic acid. Thirty four types of free amino acid were detected, and the highest individual amino acid content was 1.0%. In a test for different attributes, malic acid content significantly affected properties including color intensity, transparency, acid flavor, savory flavor, acid taste, and savory taste. In the acceptance test, a malic content of 1.0% was preferred for appearance, taste, and overall quality. The optimal malic acid content for maximizing the overall quality of duck stock was 1.0%.

A Study on Application of RIMS for City Rail-road Management and Ordering Programs. (도시철도차량 운영 및 발주관련 프로그램의 RIMS 적용)

  • Jeon, Seo-Tak;Kim, Hyun-Cheol;Lee, Do-Sun
    • Proceedings of the KSR Conference
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    • 2008.06a
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    • pp.1301-1307
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    • 2008
  • The Seoul-Metro is the first city railroad corporation to operate RIMS(Rolling-stock Information Maintenance System). The development of "RIMS Project" and trial running task were started from Mar 29, 2001. Finally, this project was completed successfully on Dec 31, 2005, as integrated systems including light or heavy maintenance works in Ji-Chuk and Chang-Dong Rolling-stock Offices. After that, from 2006 to Dec 31, 2007, we promoted a this new program to other four rolling-stock offices (Su-Seo, Gun-Ja, Sin-Jeong) and the headquarter. For the duration of trial running, we developed and applied new complementary program having made up for the weak points or defects. The series of new program which were newly developed and applied are comprised of an operation management, trouble management, wheel management, heavy maintenance table automatic creation programs and ordering prediction programs to purchase goods smoothly. The Seoul-Metro have registered these programs(RIMS) to Computer Program Protection Committee. We'd like to introduce a composition of program for enhancement of a city railroad Information Systems.

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Physiological and Sensory Characteristics of Brown Stock Depending on Salt Content (소금 첨가량에 따른 갈색 육수의 이화학적 및 관능적 특성)

  • Choi, Soo-Keun;Kim, Dong-Seok
    • Korean journal of food and cookery science
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    • v.26 no.5
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    • pp.665-675
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    • 2010
  • This study applied high-pressure extraction cooking, which has been proven superior in processibility and stock extraction, for the preparation of stock, which is widely used as a basic material of dishes, and examined the physicochemical and sensory properties of the extracted stock by adding salt. We observed changes in the chromaticity of brown stock according to salt content, and pH decreased with increased the salt content, suggesting that stock was acidified. Regarding the mineral content, Na was the highest, followed by K and P. Regarding total free amino acid content, the content of essential amino acids, enhancing free amino acids, and other amino acids also showed the highest level in S2, which contented 0.3% salt. In the sensory test, saltiness grew stronger with an increase in salt content, and overall palatability was highest in S2. Regarding ranking, preference was highest for S2. Utilize to data that study finding of above is actual in development for mass production of brown stock product licensed cooks' traditional mesh dipper technology quality that make mass production direction that change and normalizes product that can keep excellent taste and improve conservative property develop. Culture formation and our country foodservice industry development that reduce damage of informed people ashes through development of brown stock product that is changed in large quantity, and improve quality of food more positively contributing to reappear diversification of menu, systematization and taste of specialty store as well as can contribute in rationalization of informed people ashes purchase, personnel expense (labor power) curtailment, waste decrease etc. but is developed still more being utilized.

Free Cash Flow, Agency Conflicts, and Compensation Plans in a Non-growing Industry

  • Park, Sang-Bum
    • The Korean Journal of Financial Studies
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    • v.10 no.1
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    • pp.249-269
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    • 2004
  • Free cash flow is known as a typical type of agency conflict between managers and shareholders in a firm. The insurance industry, which is not growing, is particularly susceptible to such excessive cash flow. We herein investigate the effects of stock ownership plans on reducing agency conflicts. We adopt undistributed cash flow to proxy free cash flow, and size, default risk, group membership, leverage, investment opportunity, and stock options are selected as explanatory variables. We find that stock option plans are effective(at a 10% level) in reducing free cash flow.

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Analysis of Requirements for Testing Operation of the Rolling Stock on the Main Line (철도차량 본선 운행선로 시운전에 관한 요건 분석)

  • Choi, Kyung-Jin;Yang, Doh-Chul;Choe, Kang-Youn
    • Proceedings of the KSR Conference
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    • 2011.10a
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    • pp.2286-2291
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    • 2011
  • Technology on the rolling stock is very composition and system engineering. We have to consider to many parameters on the rolling stock design. High speed train is interface between rolling stock and infra system of rail, signal, communication etc. For many years testing operation has experienced substantial growth based on various advanced new technology. Recently some problems was clearly stated on effective management, practical use and testing operation of the the rolling stock on the technology change. This paper presents some results of the study on necessary requirements of the operation testing for rolling stock technology change. We propose a general plan to suggest the operation testing and the parameters of the rolling stock on the technology change in the text.

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An Empirical Study on Stock Trading Value of Each Investor Type in the Korean Stock Market

  • Shin, Yang-Kyu
    • Journal of the Korean Data and Information Science Society
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    • v.17 no.4
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    • pp.1099-1106
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    • 2006
  • This study is an analysis of the stock trading value in terms of investor types in the Korean stock market for recent 12 years. We examined the characteristics in stock trading value variation according to each investor type and the interactive relationship in the trading value between types of investors. The results show that the trading value scale of every investor type increases overall while the proportion of the trading value by each investor type in the market exhibits variation. In addition, a statistically significant interactive relationship in the trading value between types of investors exists: the correlations are formed differently before and after events which largely influence the stock market.

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Determinants of Households′ Stock Investments (가계의 주식투자 결정요인)

  • 여윤경;정순희
    • Journal of Families and Better Life
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    • v.22 no.3
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    • pp.11-21
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    • 2004
  • This study examined factors associated with the ownership of stock investments and the amount of stock investments of households using the 2001 National Survey of Family Income and Expenditure by National Statistical Office. Households with large amounts of income, savings, and liabilities were more likely to invest in stocks and have large amounts of stock investments. Also, households with young and male householders, highly educated householders, a number of children in school, and housing ownership were more likely to invest in stocks and have large amounts of stock investments. On the other hand, self employed households and dual income households were less likely to invest in stocks and have small amounts of stock investments.

The Impact of Global Financial Crisis 2008 on Amman Stock Exchange

  • Ajlouni, Moh'd Mahmoud;Mehyaoui, Wafaa;Hmedat, Waleed
    • Journal of Distribution Science
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    • v.10 no.7
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    • pp.13-22
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    • 2012
  • The effect of the September 2008 global financial crisis weighed heavily on stock markets around the world. The purpose of this study is to empirically investigate the impact of the crisis on Amman Stock Exchange. Event study methodology has been adopted on a period of 24 months, from January 2008 to December 2009. Monthly average abnormal returns across a sample of 52 industrial and services companies have been tested separately. The results reveal that Amman Stock Exchange experienced significant negative abnormal returns in the fourth quarter of the year 2008. However, there were no significant abnormal returns observed thereafter. This means that Amman Stock Exchange managed to overcome its adverse consequences. Since the event study tests for market efficiency, as well, the results show that Amman Stock Exchange reaction is consistent with the semi-strong form of the efficient market hypothesis.

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