• Title/Summary/Keyword: Supply Expansion

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Banking Sector Depth and Economic Growth: Empirical Evidence from Vietnam

  • LE, Thi Thuy Hang;LE, Trung Dao;TRAN, Thi Dien;DUONG, Quynh Nga;DAO, Le Kieu Oanh;DO, Thi Thanh Nhan
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.751-761
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    • 2021
  • The Vietnamese economy is a developing country that has brought many opportunities and challenges for the banking system. Commercial banks have developed strongly from quality to quantity, which plays a vital role in developing the economy. They play an important role in capital formation, which is essential for the economic development of a country. They provide financial services to the general public and businesses, ensuring economic and social stability and sustainable growth of the economy. Therefore, the relationship between bank depth and economic growth is of importance in research. This paper used a VAR (Vector Autoregressive Models) estimator for time series data models. The data is collected quarterly from the first quarter of the year 2000 to 2020. The study uses the VAR model to examine the causal relationships of economic growth, growth in money supply expansion, private sector capital requirement, and banks' domestic credit. The results indicate a general short-run relationship between banking sector depth and economic growth with a positive connection, but in the long term, the relationship between these variables can be reversed because of other macro factors. The findings show the two-way causal relationship between GDP growth and banking depth factors. This research contributes to policy-making by underlining the banking sector depth determinants when setting regulations and policies to develop the banking sector.

Demand Prediction of Furniture Component Order Using Deep Learning Techniques (딥러닝 기법을 활용한 가구 부자재 주문 수요예측)

  • Kim, Jae-Sung;Yang, Yeo-Jin;Oh, Min-Ji;Lee, Sung-Woong;Kwon, Sun-dong;Cho, Wan-Sup
    • The Journal of Bigdata
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    • v.5 no.2
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    • pp.111-120
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    • 2020
  • Despite the recent economic contraction caused by the Corona 19 incident, interest in the residential environment is growing as more people live at home due to the increase in telecommuting, thereby increasing demand for remodeling. In addition, the government's real estate policy is also expected to have a visible impact on the sales of the interior and furniture industries as it shifts from regulatory policy to the expansion of housing supply. Accurate demand forecasting is a problem directly related to inventory management, and a good demand forecast can reduce logistics and inventory costs due to overproduction by eliminating the need to have unnecessary inventory. However, it is a difficult problem to predict accurate demand because external factors such as constantly changing economic trends, market trends, and social issues must be taken into account. In this study, LSTM model and 1D-CNN model were compared and analyzed by artificial intelligence-based time series analysis method to produce reliable results for manufacturers producing furniture components.

Service Differentiation Scheme Based on Burst Size Controlling Algorithm in Optical Internet (광 인터넷에서 버스트 크기 제어 알고리즘 기반 서비스 차등화 기법)

  • Lee, Yonggyu
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.26 no.4
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    • pp.562-570
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    • 2022
  • The supply expansion of 5G services and personal smart devices has caused the sharp increase of data traffic and the demand of various services. Again, these facts have resulted in the huge demand of network bandwidth. However, existing network technologies using electronic signal have reached the limit to accommodate the demand. Therefore, in order to accept this request, optical internet has been studied actively. However, optical internet still has a lot of problems to solve, and among these barriers a very urgent issue is to develop QoS technologies. Hence, in order to achieve service differentiation between classes in optical internet, especially in OBS network, a new QoS method automatically tuning the size of data bursts is proposed in this article. Especially, the algorithm suggested in this article is based on fiber delay line.

A Study on the Maritime and Fisheries Sector for the Implementation of an Diplomacy Strategy (우리나라 외교정책과 해양‧수산분야 협력방안에 관한 연구)

  • Seongwook Park;Jooah Lee;Jeong-Mi Cha
    • Ocean and Polar Research
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    • v.45 no.1
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    • pp.23-31
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    • 2023
  • The core of the foreign policy of the Yoon Suk-yeol government is the promotion of active economic and security diplomacy as indicated in Policy Tasks No. 98. To this end, economic consultative bodies such as Regional Comprehensive Economic Partnership Agreement(RCEP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and Indo-Pacific Economic Framework (IPEF) are taking the initiative to respond to the formation of supply chain, human rights, environment, and digital-related norms, and actively support Korean companies' overseas expansion. Due to the nature of the Ministry of Oceans and Fisheries (MOF) as an organization established centered on the space of the ocean, the MOF faces difficulties in bringing the functions of other ministries into the space of the ocean. Considering the vision, objectives, and detailed plans of the MOF, the contribution of the MOF in the field of active economic security, one of the main foreign policies of the Yoon Suk-yeol government, is perhaps too obvious. However, since the re-launch of the MOF, the ODA budget for the oceans and fisheries sector is too small compared to other ministries, so even if new policy demands are discovered, there are many difficulties in implementing these policies in practice. Recognizing these problems, this paper examines the background and contents of foreign policies that have been promoted for the efficient promotion of RCEP, CPTPP and IPEF and introduces the areas of cooperation in the oceans and fisheries sector in these foreign policies.

Yeast Extract: Characteristics, Production, Applications and Future Perspectives

  • Zekun Tao;Haibo Yuan;Meng Liu;Qian Liu;Siyi Zhang;Hongling Liu;Yi Jiang;Di Huang;Tengfei Wang
    • Journal of Microbiology and Biotechnology
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    • v.33 no.2
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    • pp.151-166
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    • 2023
  • Yeast extract is a product prepared mainly from waste brewer's yeast, which is rich in nucleotides, proteins, amino acids, sugars and a variety of trace elements, and has the advantages of low production cost and abundant supply of raw material. Consequently, yeast extracts are widely used in various fields as animal feed additives, food flavoring agents and additives, cosmetic supplements, and microbial fermentation media; however, their full potential has not yet been realized. To improve understanding of current research knowledge, this review summarizes the ingredients, production technology, and applications of yeast extracts, and discusses the relationship between their properties and applications. Developmental trends and future prospects of yeast extract are also previewed, with the aim of providing a theoretical basis for the development and expansion of future applications.

Prediction of Veterans Care Demand and Supply System for Veterans

  • Tae Gyu Yu
    • International journal of advanced smart convergence
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    • v.12 no.1
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    • pp.193-198
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    • 2023
  • The rapid aging of the veterans has reached a level that cannot handle the demand for veterans care through the existing veterans care infrastructure. Therefore, it is urgent to improve the quality of the overall service of veterans due to the deterioration of the quality of nursing services for veterans with various underlying diseases compared to general patients and the long-term waiting for admission to the veterans care center. In this situation, about 640,000 people are admitted to veterans care institutions, but only about 5% of them can enter the veterans care center smoothly. As of June 2020, the number of people waiting to enter the veterans care center exceeds 1,000, including 520 at Suwon Veterans Nursing Home, 1 at Gwangju Veterans Nursing Home, 47 at Gimhae Veterans Nursing Home, 39 at Daegu Veterans Nursing Home, 86 at Namyangju Veterans Nursing Home.. Therefore, in order to predict those who want to enter the Veterans Nursing Home and wait for admission, and to find an important basis for resolving the long-term atmosphere, the ratio of future care providers is predicted in 2022-2050 and 2022-2024 to establish a cooperative system. As a result, 6,988 people in 2022, 6,797 people in 2023, and 6,606 people in 2024 can be admitted when 'preferred linkage', and 12,057 people in 2022 when 'expanded linkage'. It was found that 11,837 people in 2023 and 11,618 people in 2024 could be admitted. This was derived by estimating the percentage of people who wish to enter the Veterans Nursing Home when linking private nursing homes, and eventually "additional acceptance" of 22.5% in 2022, 20.9% in 2023, 19.4% in 2024, and 38.8% in 2023, 36.3% in 2023, and 34.1% in 2024 are most efficiently available.

A Study on the Business of the Korean OTT in North American Market : Focusing on scenario analysis based on cash flow estimation (국내 OTT 사업자의 해외시장 진출의 사업성 연구 : 현금흐름 추정에 의한 시나리오 분석을 중심으로)

  • Byun, Sangkyu;Park, Chun-il;Wee, Kyeong Woo
    • The Journal of the Korea Contents Association
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    • v.22 no.8
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    • pp.274-287
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    • 2022
  • Competition in the broadcasting market is intensifying as OTT services are spreading. And Korea is positioned as a competent international contents supply base. This can be helpful for the domestic contents production industry. However, it can result in being incorporated as a subcontractor in the global video industry. Therefore, it is necessary for Korean OTT operators to expand their market upto overseas and maintain competitiveness by linking content competitiveness to the sales expansion. This study was conducted to reduce the risk and encourage implementation through feasibility analysis of overseas business of domestic OTT operators. The North American market was selected as a region with high potential through in-depth interviews with experts and literatures review. And it was confirmed that the partnership with local platform is effective. Then, the sales and input costs were estimated, and business was evaluated using the net present value method. Totally 18 scenarios were created using multiple estimates for copyright cost, subscribers, and rate, which are highly uncertain. From the analyses, 8 scenarios were found to be acceptable. And copyright cost has the greatest impact on business success, followed by rates and subscribers.

New Communication Method using Pulse Width Information for Power Converter Parallel Operation (전력변환기 병렬운전을 위한 펄스폭 정보를 이용한 새로운 통신방식)

  • Dong-Whan Kim;Seong-Cheol Choi;Tuan-Vu Le;Sung-Jun Park;Seong-Mi Park
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.6_2
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    • pp.1097-1108
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    • 2023
  • Recently, demand for technology for energy economy and stable supply is increasing due to the increase in power demand of loads. The amount of DC power generation using new and renewable energy is noticeably increasing, and the use of DC power supplies is also increasing due to the increase in electric vehicles and digital loads. During parallel operation to increase the capacity of the power converter, the module bus method or the method using Can communication and serial communication has significant difficulties in smooth operation due to communication time delay for information sharing. Synchronization of information sharing of each power converter is essential for smooth parallel operation, and minimization of communication time delay is urgently needed as a way to overcome this problem. In this paper, a new communication method using pulse width information is proposed as a communication method specialized for parallel operation of power converters to compensate for the disadvantage of communication transmission delay in the existing system. The proposed communication method has the advantage of being easily implemented using the PWM and Capture function of the microcomputer. In addition, the DC/DC converter for DC distribution was verified through simulation and experiment, and it has the advantage of easy capacity expansion when applied to parallel operation of various types of power converters as well as DC/DC converters.

Recovering Critical Metal Ions from Battery Wastes: A Brief Review (폐배터리에서 희소금속을 회수하는 기술에 대한 총론)

  • Hyo Jung Kim;Cheol Lee;Won Seok Chang;Go Gi Lee;Jong Suk Lee
    • Membrane Journal
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    • v.34 no.1
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    • pp.1-9
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    • 2024
  • The rapid expansion of the electric vehicle market has led to increased demand for battery recycling technologies. The recycling of spent batteries is crucial to stabilize the supply of rare metals, including lithium, cobalt and nickel, which are essential components for the battery industry. In addition, the technology for recycling spent batteries can help to reduce environmental and health impacts. This review presents the theoretical principles behind the metal recovery technology and the processes that are currently commercially available. It also describes trends in research and technological developments that aim to improve existing processes, and provides an overview of where recycling technology is headed.

Activation Plan of the Post-Construction Sales through a Perception Survey of Seoul Citizens and Experts

  • YoonHye JUNG;JungSeok OH;SunJu KIM
    • The Journal of Economics, Marketing and Management
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    • v.12 no.2
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    • pp.11-18
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    • 2024
  • Purpose: The purpose of this study is to suggest the activation plan of the post-construction sales through the results of a survey on the perception of Seoul citizens and experts. Research design, data and methodology: The purpose of this study is to suggest the activation plan of the post-construction sales through the results of a survey on the perception of Seoul citizens and experts. Results: According to a survey of Seoul citizens' perceptions, 76.7% of Seoul citizens were well aware of post-construction sales and recognized that post-construction sales would reduce pre-sale speculation and confusion in the real estate market. Second, 73.6% of Seoul citizens were willing to buy houses through post-construction sales, and third, 79.6% of Seoul citizens recognized that a post-sale system was necessary. Experts' opinions generally responded to the expansion of the introduction of post-construction sales, saying, 'It is necessary for both the public and the private sectors'. Second, while experts say that there are also positive effects, negative effects such as polarization centered on large corporations, an increase in sales prices, and a decrease in housing supply are also concerned. Third, experts responded that 'diversification of financing methods' is the most important task in revitalizing the post-sale system. Conclusions: The policy implications are that it is necessary to mandate the post-construction sales in the long term, and that the quality assurance system needs to be supplemented even if the sale is promoted post-construction sales. In addition, private participation is essential to revitalize the post-construction sales, and government support such as initial financing, low-interest rates, and various financing measures should be sought to expand private participation.