• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.71
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• pp.107-126
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• 2016

This study is to review "on board notation" on a bill of lading under letter of credit transactions. A bill of lading is a type of document that is used to acknowledge the receipt of a shipment of goods. However, UCP 600Article 20 (a)(ii) requires the bill of lading to indicate that the goods have been shipped on board a named vessel at the port of loading stated in the credit by pre-printed wording, or an on board notation indicating the date on which the goods have been shipped on board. The shipped on board statement should relate to loading on board the named vessel at the port of loading stated in the credit. But it doesn't seem that the on board notation clause in the UCP 600 reflect current shipping practice fully because of the various kinds of on board notation and the confusion surrounding their use. There is a need to understand accurately the meanings and requirements of "on board notation" under UCP 600 and the related regulations. So, This paper will be studied the requirements and indication method of "on board notation" on the bill of lading and presented the practical implications under the bill of lading transactions. This study was based on documentary research including preceding research.

• The Korean Journal of Financial Management
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• v.21 no.2
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• pp.125-151
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• 2004

This study tests the price discovery from US Treasury bond markets to Korean bond markets using the daily returns of Korean bond data (CD, 3-year T-note, 5-year T-note, 5-year corporate note) and US treasury bond markets (3-month T-bill, 5-year T-note 10-year T-bond) from July 1, 1998 to December 31, 2003. For further research, we divide full data into two sub-samples on the basis of the start-up of bond valuation system in Korean bond market July 1, 2000, employing uni-variate AR(1)-GARCH(1,1)-M model. The main results are as follows. First the volatility spillover effects from US Treasury bond markets (3-month T-bill, 5-year T-note, 10-year T-bond) to Korean Treasury and Corporate bond markets (CD, 3-year T-note, 5-year T-note, 5-year corporate note) are significantly found at 1% confidence level. Second, the price discovery function from US bond markets to Korean bond markets in the sub-data of the pre-bond valuation system exists much stronger and more persistent than those of the post-bond valuation system. In particular, the role of 10-year T-bond compared with 3-month T-bill and 5-year T-note is outstanding. We imply these findings result from the international capital market integration which is accelerated by the broad opening of Korean capital market after 1997 Korean currency crisis and the development of telecommunication skill. In addition, these results are meaningful for bond investors who are in charge of capital asset pricing valuation, risk management, and international portfolio management.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2003.05a
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• pp.821-826
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• 2003

The Purpose of this paper is to automate the representation of manufacturing line using Petri net model. In the manufacturing cell, the line can be represented using workflow which is composed of Bill of Material (BOM) and Bill of Processes (BOP). BOP shows the precedence of processes and the relationship between assembly and disassembly. As a modeling scheme, generalized stochastic Petri net is adopted. For a problem domain with flexible manufacturing cell, Petri net model is made and behavioral properties are analyzed.

• The Korean Journal of Financial Management
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• v.14 no.2
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• pp.205-228
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• 1997

본 연구는 1982년부터 1996년까지의 유로달러선물과 T-bill 선물의 일별 시계열 자료를 이용하여 단기금리선물의 가격발견기능을 실증적으로 검정하고 있다. 분석방법은 시계열의 불안정성 여부를 알아보는 단위근검정, 장기균형관계를 알아보는 Johansen 공적분검정, 공적분관계가 있는 시장에 대해 설정오류의 문제를 피하고 변수들간의 인과관계를 파악하기 위해 Granger 인과관계모형을 사용하였다. 주요한 결과로 각 금리시계열들은 일차누적 시계열 I(1)임이 확인되었고 공적분관계를 분석한 결과, 각 금리 시계열의 선형결합은 안정적인 장기균형관계가 있음을 나타내 주고 있다. 따라서 각 시장은 서로 밀접한 인과관계가 있음을 암시하고 있다. 또한 선물금리와 현물금리를 대상으로 인과관계검정 결과 유로달러시장의 경우 전기에서는 피드백효과가 있고 후기에는 선물금리의 가격발견기능이 나타났다. T-bill 시장의 경우는 전기에 현물금리가 선물금리에 대해 선행하였고 후기에는 피드백효과가 나타났다. 이렇게 유로달러선물이 후기에서 가격발견기능이 있는 것은 정보통신의 발달과 유로시장의 적은 규제 등으로 유로달러선물시장이 1980년대 후반부터 급성장한 것이 그 원인으로 분석된다.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.8
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• pp.1347-1354
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• 2016

This paper presents optimal operational scheduling model and economic assessment of Li-ion battery energy storage systems installed in non-residential customers. The operation schedule of a BESS is determined to minimize electric bill, which is composed of demand and energy charges. Dynamic programming is introduced to solve the nonlinear optimization problem. Based on the optimal operation schedule result, the economics of a BESS are evaluated in the investor and the social perspective respectively. Calculated benefits in the investor or customer perspective are the savings of demand charge, energy charge, and related taxes. The social benefits include fuel cost savings of generating units, construction deferral effects of the generation capacity and T&D infra, and incremental CO2 emission cost impacts, etc. Case studies are applied to an large industrial customer that shows similarly repeated load patterns according to days of the week.

• The Journal of the Korea Contents Association
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• v.12 no.12
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• pp.179-191
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• 2012

In 2003, the US Congress enacted the Code Adam Act of 2003. The Act was so-named in memory of six-year-old Adam Walsh, who was abducted from a Sears department store in Florida and was later found murdered in 1981. According to the Act, the designated authority for a public building must establish procedures for locating a child missing in a federal facility in the USA. In this context, the study basically aims to propose a legislative model for a missing children policy in Korean multi-use facilities, critically analyzing the US Code Adam Act. Unlike the Act, the proposed Korean bill requires all multi-use facilities beyond a certain size, including private buildings, to arrange a feasible missing child procedure on their own premises. The bill can impose an administrative fine on facilities which don't have the procedure in place, and further can make the list of the facilities known to the public. In order to encourage voluntary participation from the private sector, the bill finally suggests the Voluntary Certification Scheme through which participating business can take advantage of the certification logo commercially.

• Journal of Advanced Navigation Technology
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• v.11 no.1
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• pp.112-117
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• 2007

The Internet leads the transformation of the all-over social life with its radical diffusion and development. Moreover, it can be more focussed on the electronic commerce using the Internet - a new type of commerce, which is diffusion and developing. In the paper, we propose an electronic payment protocol with a network-type electronic-cash based on Public Key Infrastructure(PKI). The proposed protocol overcomes the problem of NetBill which deals with only contents and can't ensure anonymity. It also prevents illegal copy and distribution and insures the greatest safety by means of giving a certification number to the digital contents offered on the on-line.

• Journal of Korean Society for Quality Management
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• v.41 no.3
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• pp.457-463
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• 2013

Purpose: For effective quality assurance activities, BOM-based quality assurance method is presented. This study introduces various BOM conversions such as Q-BOM, T-BOM, and S-BOM based on M-BOM structure. Methods: Product quality control via Q-BOM manages inspection/audit information, overall supply-chain of product, part requirements, and inventory status. T-BOM manages part traceability, and S-BOM enables statistical control over key process and parts at various hierarchy levels. Results: Quality plan template was developed based on the study results of BOM system including Q-BOM, T-BOM, and S-BOM. Conclusion: Through BOM(Q-BOM, T-BOM, and S-BOM) study and development of quality plan template, more systematic and comprehensive quality management plan is achieved.

• Journal of the Korean Institute of Telematics and Electronics T
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• v.36T no.2
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• pp.42-47
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• 1999

This paper suggests a model of a visual information system for factory automation. The model is composed of a visual processing system with client-server model and RPC(Remote Procedure Calling); a main server for controlling the whole factory automation process; and a processing server which processes the visual information only. To verify its efficiency, the suggested model is realized on the bill recognition system.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2017.05a
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• pp.735-737
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• 2017

An Off grid or remote solar electric systems are an energy supply to our home or to our companies without the utility of Grid at all. Off grid solar systems are very important for those who live in remote locations especially for developing countries where getting the electric grid is extremely expensive, inconvenient or for those who doesn't need to pay a monthly bill with the electric bill in general. The main critical components of any solar power system or renewable energy harvesting systems are the energy storage systems and its charge controller system. Energy storage systems are the essential integral part of a solar energy harvesting system and in general for all renewable energy harvesting systems. To provide an optimal solution of both high power density and high energy density at the same time we have to use hybrid energy storage systems (HESS), that combine two or more energy storage technologies with complementary characteristics. In this present work, design and simulation we use two storage systems supercapacitor for high power density and lithium based battery for high energy density. Here the system incorporates fast-response supercapacitors to provide power to manage solar smoothing and uses a battery for load shifting. On this paper discuss that the total energy throughout of the battery is much reduced and the typical thermal stresses caused by high discharge rate responses are mitigated by integrating supercapacitors with the battery storage system. In addition of the above discussion the off grid solar electric energy harvesting presented in this research paper includes battery and supercapacitor management system, MPPT (maximum power point tracking) system and back/boost convertors. On this present work the entire model of off grid electric energy harvesting system and all other functional blocks of that system is implemented in MATLAB Simulink.