• Journal of Distribution Science
• /
• v.13 no.2
• /
• pp.15-24
• /
• 2015

Purpose - Foreign exchange risk control is in an important component in the international supply chain management. This study shows the importance of the reference period in forecasting future exchange rates with a specific illustration of KIKO currency option contracts, and suggests feasible preventive measures. Research design, data, and methodology - Using monthly Won-Dollar exchange rate data for January 1995~July 2007, I evaluate the statistical characteristics of the exchange rate for two sub-periods; 1) a shorter period after the East Asian financial crisis and 2) a longer period including the financial crisis. The key instrument of analysis is the basic normal distribution theory. Results - The difference in the reference period could lead to an unexpected development in contract implementation and a consequent financial loss. We may avoid foreign exchange loss by using derivatives such as forwards or currency options. Conclusions - We should consider not only level values but also the volatilities of financial variables in making a binding financial contract. Appropriate measures may differ depending on the specific supply chain pattern. We may extend the study with surveys on actual risk measures.

• Journal of the Korean Solar Energy Society
• /
• v.35 no.6
• /
• pp.51-60
• /
• 2015

In statutes on the promotion of distribution of new and renewable energy, which were revised in 2014, daylight system and fuel cell were added in addition to existing new and renewable energy sources. This study, therefore, aimed at setting up targets for the introduction of daylight system and analyzing the installation rate of new and renewable energy which can be provided by daylight system for the aggressive use of daylight system, thereby deducting the optimal combination ratio with other new and renewable energy sources. The results of the study are as follows. First, when a prism-shaped daylight system was installed to a round indoor gymnasium among domestic indoor gymnasiums, out of a supply obligations allotment rate of 15% of new and renewable energy, the rate of daylight system was basically set at 2.5%. Second, therefore, with daylight system coming first, the lacked supply obligations rate was taken up by solar photovoltaic, solar heat and geothermal heat. In addition, using the KRESS Program, economic, technical, environmental and complexity evaluations for the upper 5% was made, deducting the optimal ratio of the system. The results produced the following optimal combination ratios: solar photovoltaic (83.3%) in economic evaluation, solar heat (8.3%) and geothermal heat (75%) in technical evaluation, solar photovoltaic (83.3%) in environmental evaluation, and solar photovoltaic (83.3%, the same as in economic evaluation) in complexity evaluation.

• Journal of the Korean Society for Precision Engineering
• /
• v.21 no.11
• /
• pp.46-52
• /
• 2004

CMP (Chemical-Mechanical Polishing) is a process in which both chemical and mechanical mechanisms act simultaneously to produce the planarized wafer. CMP process is an extensive usage and continuing high growth rates in the semiconductor industry. The understanding of the process, however, is much slower. The nature of material removal from the wafer is still undefined and ambiguous. Material removal rate according to the slurry flow rate is also undefined and ambiguous. Thus, in this study, the basic mechanism of material removal rate as slurry flow rate is defined in terms of energy supply and energy loss.

• Journal of Environmental Science International
• /
• v.14 no.9
• /
• pp.835-842
• /
• 2005

The three-dimensional eco-hydrodynamic model was applied to estimate the physical process in terms of COD (chemical oxygen demand) and net supply(or decomposition) rate of COD in Kamak Bay to find proper management plan for oxygen demanding organic matters. The estimation results of the physical process in terms of COD showed that transportation of COD is dominant in surface level while accumulation of COD is dominant in bottom level. In the case of surface level, the net supply rate of COD was 0 -0.50 mg/m2/day. The net decomposition rate of COD was 0 -0.04 mg/m2/day in middle level(3 -6m) and 0.05 -0.1 5 mg/m2/day in bottom level(6m -bottom). These results indicates that the biological decomposition and physical accumulation of COD are occurred predominantly at the northern part of bottom level. Therefore, it is important to consider both allochthonous and autochthonous oxygen demanding organic matters in the region.

• Journal of Convergence for Information Technology
• /
• v.12 no.2
• /
• pp.17-22
• /
• 2022

Currently, the housing supply rate exceeds 100%, and the penetration rate continues to increase. This housing supply rate is changing from quantitative supply-oriented to improving the quality of the residential environment in housing service policies. Despite the increase in the housing supply rate, practical access to the vulnerable class is still difficult and there are many areas that are insufficient to use housing services when necessary. In addition, the demand for residential services is increasing due to the expansion of the scope of the vulnerable class. In order to compensate for these problems, facilities and joint occupancy that cannot guarantee independent living are mainly established, although a supply plan is established for the vulnerable by expanding policies and support projects. This paper proposes an IoT environment-based housing support system for vulnerable groups to support housing services for vulnerable groups. The proposal system improves the quality of the residential environment and provides service-oriented support services. Through the proposal system, appropriate social participation opportunities can be provided by improving the quality of life of the vulnerable and supporting a residential environment where independent living is possible.

• Journal of Microbiology and Biotechnology
• /
• v.18 no.5
• /
• pp.918-925
• /
• 2008

Controlling the light energy and major nutrients is important for high cell density culture of cyanobacterial cells. The growth phase of Anabaena variabilis can be divided into an exponential growth phase and a deceleration phase. In this study, the cell growth in the deceleration phase showed a linear growth pattern. Both the period of the exponential growth phase and the average cell growth rate in the deceleration phase increased by controlling the light intensity. To control the light intensity, the specific irradiation rate was maintained above $10\;{\mu}mol/s/g$ dry cell by increasing the incident light intensity stepwise. The final cell density increased by controlling the nutrient supply. For the control of the nutrient supply, nitrate, phosphate, and sulfate were intermittently added based on the growth yield, along with the combined control of light intensity and nutrient concentration. Under these control conditions, both final cell concentration and cell productivity increased, to 8.2 g/l and 1.9 g/l/day, respectively.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.5
• /
• pp.285-294
• /
• 2022

Using the ARDL approach, this study examined the impact of macro factors on Vietnam's stock market in the short and long run from 2010 to 2021. The State Bank of Vietnam and the International Monetary Fund provided time series data for this study. Research results show that in the long run, money supply and exchange rate respectively affect the stock market. The money supply had a positive effect on the VN-Index, while the exchange rate showed the opposite effect. However, the study did not find a relationship between world oil price and interest rates on VN-Index in the long run. On the other hand, in the short term, there are relationships between variables; specifically, interest rates and exchange rates have a negative impact on the VN-Index, while the world oil price and the fluctuation of money supply M2 of the previous one and two months showed an impact in the same direction on this index. The differences in the regression results on the impact of exchange rate and oil price on the VN-Index compared to previous studies come from the characteristics of Vietnam's stock market, with the large capitalization of companies in the oil and gas sector, and the structure of Vietnam's economy with export heavily depends on FDI sector.

• Tribology and Lubricants
• /
• v.20 no.1
• /
• pp.27-32
• /
• 2004

This paper presents unsteady oil flow behaviors in the engine lubrication network to clarify the differences between continuous and discontinuous oil supply crankshaft system. Using commercial network analysis program, Flowmaster2, engine lubrication network system analysis were carried out. And effects of crankshaft speed and supplied oil pressure on pressure fluctuation in oil groove and oil flow rate to each bearing were analyzed.

• Journal of Distribution Science
• /
• v.20 no.6
• /
• pp.125-135
• /
• 2022

Purpose: The revenue sharing contract has been used in various industries and it is expected to coordinate the individual companies' operations in a way to improve the whole supply chain performance. This study evaluates the performance of the revenue sharing contract to find out whether this contract achieves its original goal, the supply chain coordination. Research design, data, and methodology: The profit optimization models are developed to represent two stage supply chain system with a supplier and a buyer. By using the numerical examples of the proposed mathematical models, this study examines whether this supply chain contract coordinates the supply chain system. Results: The numerical examples show that the revenue sharing contract does not make the same supply chain profit as the centralized system does. With the proper combination of the wholesale price discount rate and revenue share ratio, both manufacturer and retailer can obtain increased profits from the revenue sharing contract. Conclusions: The outcomes of the numerical analysis imply that the revenue sharing certainly improves the supply chain performance but it does not fully coordinate the supply chain system. By controlling the wholesale price and revenue share ratio, every supply chain member can be beneficiaries of this supply chain contract.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.22 no.1
• /
• pp.321-326
• /
• 2021

This paper presents a technique to minimize damaged wafers during loading. A thin wafer used in solar cells and semiconductors can be damaged easily. This makes it difficult to separate the wafer due to surface tension between the loaded wafers. A technique for minimizing damaged wafers is to supply compressed air to the wafer and simultaneously apply a small horizontal movement mechanism. The main experimental factors used in this study were the supply speed of wafers, the nozzle pressure of the compressed air, and the suction time of a vacuum head. A higher supply speed of the wafer under the same nozzle pressure and lower nozzle pressure under the same supply speed resulted in a higher failure rate. Furthermore, the damage rate, according to the wafer supply speed, was unaffected by the suction time to grip a wafer. The optimal experiment conditions within the experimental range of this study are the wafer supply speed of 600 ea/hr, nozzle air pressure of 0.55 MPa, and suction time of 0.9 sec at the vacuum head. In addition, the technology improved by the repeatability performance tests can minimize the damaged wafer rate.