• Title/Summary/Keyword: Transaction Support System

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Comparison of the Practical Use Condition of e-finance Portal Site between Korea and U.S.A. (한.미간 e-finance 금융포털사이트의 활용실태 비교)

  • Kim Dong-Gyoon;Cha Soon-Kwean
    • Management & Information Systems Review
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    • v.7
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    • pp.21-51
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    • 2001
  • For increasing the competitiveness and efficiency of Korea's finance industry under the new e-finance paradigm, this paper compared the practical use of finance portal site' on service parts and stage between Korea and U.S.A.. The services which can be served from site are banking, mortgage and credit loan, stock, card, retirement tax, PFM(Personal Finance Management), EBPP(Electronic Bill Presentment and Payment) and Account Aggregation and so on. The stage of site can be divided as the information provide stage which only gives information about service parts, on-line transaction stage which real-time transaction is possibile and PFM services provide stage according to development process. As a result, the beginning of finance portal service in Korea was lated about 10years and more than it of U.S.A. So the development stage of domestic portal site is still staying in the first step and the providing services and contents or business model development parts are also in the same stage than U.S.A. Resides, Korea's sites mainly focus on their first service parts even though they recently aim internet finance portal, and provide not real time transaction but finance information. On the other hand, the U.S.A. site support substantially not only various on-line transactions but also distinctive personal services like PFM(Personal Finance Management), EBPP(Electronic Bill Presentment and Payment), Account Aggregation and Trans-account, brokerage, education center, mortgage loan, mutual fund, option, pension fund and IPOs and so on. Thus, the site of Korea need to establish real type of internet finance portal which provides one-stop services on every type of finance to customers in the real time and also require the strategic integration among finance institutions. The next turn, they need to build information system and education center to give best satisfaction to customers and acquire customer information and marker environment changes and need to provide distinctive services to quality customers throughout database from this. Also the site should provide various type of banking services which refereed above like PEM, EBPP and education center etc, and the government of Korea should support the building of IT infrastructure to Physical, legal, systematic, sociocultural, technical and human resource sections. This paper provided the future movement direction of the domestic finance portal through comparison and analysis on the practical use of it between Korea and U.S.A. and also wanted to contribute for developing and reading of Korea finance portal in the new era of the finance paradigm.

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Attribute Utility-Based Negotiation Agent Methodology for Customer-To-Customer Electronic Commerce (소비자간 전자상거래를 위한 속성효용기반 자동협상 방법론의 개발)

  • Song Yong U.;Hong June S.;Kim Wooju
    • Journal of Intelligence and Information Systems
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    • v.10 no.3
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    • pp.73-89
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    • 2004
  • Since people have come to access more and more information about products with the proliferation of the Internet, more and more customer-to-customer e-marketplaces are being introduced with rapidly increasing transaction volumes. As the role of customer-to-customer electronic commerce has become increasingly regarded as vital to the economy, much research has delved into developing intelligent agent systems to efficiently support customer-to-customer electronic commerce. Most of this research, however, has focused only on supporting simple negotiation for the price of common goods along the time span. To expand the negotiation object to the differentiated goods, the customer must be allowed to negotiate over multi-at-tributes of the product besides the price, including the attributes related to the transaction activity itself, such as delivery time and payment method. To satisfy this requirement, we propose an agent marketplace for differentiated goods where the agent of a customer can negotiate not only the price but also the various attributes of the product and the transaction in order to achieve a better utility level for both buyer and seller. The formal protocol and the architecture issues to support the proposed e-marketplace and agents are also addressed.

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Current Status and Prospects of Korean Dairy Industry (낙농 산업의 현황과 발전 방향)

  • Lee, Sang-Soo
    • Journal of Dairy Science and Biotechnology
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    • v.25 no.2
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    • pp.33-40
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    • 2007
  • The Korean dairy industry has been developed continuously for the past seventy years both in quality and quantity; now the total amount of dairy products accounts for 13 percent of that of livestock production - a remarkable turnover. Korea now stands at the 13th economic power around the world and it is inevitable that we must pursue an open-door policy at a global level; the dairy industry should also strengthen its potentialities in the long term in order to compete with advanced dairy countries. It is predicted that the impact of DDA agreement and FTA negotiations on the domestic dairy industry will be great; so it is urgently needed that we should reconsider the current status of the dairy industry and comprehensive mesures for dairy industry development to improve its international competitiveness. Such measures comprise the three aspects: first, reforming the policy of dairy industry-related systems, second, improving the productivity and third, expanding the consumption of dairy products. In terms of the system reforming, the most important things are, above all, the planned production relevant to market needs, the milk supply and demand management, and the raw milk transaction method. Secondly, the appropriate scale of management is important for the enhancement of productivity together with the modernization of dairy facilities. Thirdly, step-up effort is needed to expand the milk consumption; especially, more milk should be provided to the students by improving the standing milk ration system in middle and senior high schools. The government should make more effort to support and develop new dairy products tuned to consumers' taste, accelerating the publicity of diverse and steady milk consumption together with related organizations.

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Novel Push-Front Fibonacci Windows Model for Finding Emerging Patterns with Better Completeness and Accuracy

  • Akhriza, Tubagus Mohammad;Ma, Yinghua;Li, Jianhua
    • ETRI Journal
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    • v.40 no.1
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    • pp.111-121
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    • 2018
  • To find the emerging patterns (EPs) in streaming transaction data, the streaming is first divided into some time windows containing a number of transactions. Itemsets are generated from transactions in each window, and then the emergence of itemsets is evaluated between two windows. In the tilted-time windows model (TTWM), it is assumed that people need support data with finer accuracy from the most recent windows, while accepting coarser accuracy from older windows. Therefore, a limited array's elements are used to maintain all support data in a way that condenses old windows by merging them inside one element. The capacity of elements that accommodates the windows inside is modeled using a particular number sequence. However, in a stream, as new data arrives, the current array updating mechanisms lead to many null elements in the array and cause data incompleteness and inaccuracy problems. Two models derived from TTWM, logarithmic TTWM and Fibonacci windows model, also inherit the same problems. This article proposes a novel push-front Fibonacci windows model as a solution, and experiments are conducted to demonstrate its superiority in finding more EPs compared to other models.

A Study on Financial Sharing Economic Business Model by the Digital Technology Development (디지털기술의 발달에 따른 금융부문의 공유경제 비즈니스모델 탐색)

  • Song, Keyong Seog
    • Journal of Information Technology Applications and Management
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    • v.21 no.4_spc
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    • pp.485-499
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    • 2014
  • Sharing Economy is the modern main item with ICT Development. Of course sharing economic item is the old and long run mainstream, but by the ICT technological development sharing economy is the fostering and affluent factors in the world economic growth. Though, in Korea, till now sharing economy is minimal, that will growth sharply. We can track various business models of sharing economy. Sharing economy is to buy use right not ownership. With the sharing economic business model wee can make also financial sharing model. In finance model we can divide two kind models. First, we can trace small size lending model with p2p type. And second, we can make financial information transaction model. But till now sharing economic system is not activated, because of many reasons. To activate, first we have to set law and various standards, and also government actively support many sharing economy firms and institutions. To catch up developed countries in the field of sharing economy we have to make aggressive and flexible rules and standards.

Odoo Data Mining Module Using Market Basket Analysis

  • Yulia, Yulia;Budhi, Gregorius Satia;Hendratha, Stefani Natalia
    • Journal of information and communication convergence engineering
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    • v.16 no.1
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    • pp.52-59
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    • 2018
  • Odoo is an enterprise resource planning information system providing modules to support the basic business function in companies. This research will look into the development of an additional module at Odoo. This module is a data mining module using Market Basket Analysis (MBA) using FP-Growth algorithm in managing OLTP of sales transaction to be useful information for users to improve the analysis of company business strategy. The FP-Growth algorithm used in the application was able to produce multidimensional association rules. The company will know more about their sales and customers' buying habits. Performing sales trend analysis will give a valuable insight into the inner-workings of the business. The testing of the module is using the data from X Supermarket. The final result of this module is generated from a data mining process in the form of association rule. The rule is presented in narrative and graphical form to be understood easier.

An Empirical Study on the Usage Factors in E-trade of Small-Medium Enterprises (중소기업의 전자무역 활용요인에 관한 연구)

  • Lee, Choong-Bae;Jung, Yong-Kyun;Yang, Jae-Hoon
    • International Commerce and Information Review
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    • v.10 no.2
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    • pp.3-22
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    • 2008
  • As information technology has a great impacts on contemporary business environment, global electronic trade is becoming a new paradigm in international trade transaction. The internet provides a fundamentally different environment for international marketing and trade, it also requires a different approach to international business. Now it is unrealistic to apply the same marketing strategies under global environment without making some modifications to be appropriate to the electronic edge. This paper attempts to investigate what kinds of factors influence the level of electronic trade utilization and performance, and suggests some strategies for usage of electronic trade for small-medium enterprises in Korea. According to the results of this research, the usage of electronic trade by small-medium enterprises is fundamentally important for the diffusion of electronic trade. Therefore it is suggested that the government needs to support small-medium enterprises by financing them to have system for electronic trade.

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Calculation of Avoided Generation Cost of a IPP Based on Generation Expansion Plan of Korea (전원개발계획에 기초한 민자발전소의 회피발전비용 계산에 관한 연구)

  • Park, Young-Moon;Kim, Dong-Gee;Won, Jong-Ryul;Park, Jong-Bae
    • Proceedings of the KIEE Conference
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    • 1997.07c
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    • pp.1153-1155
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    • 1997
  • Electric business all over the world is dramatically changed from vertically integrated monopoly to competition systems. Also, independent power producers(IPPs) will start their commercial operation from the year 2001 in Korea. In this regard, determination of the transaction cost between IPPs and electric utilities will be a hot issue, and electric utilities requires a new framework to support their decision-making. This paper presents the concept of the avoided cost which can be used for economic studies. This paper also describes a novel algorithm to evaluate the avoided cost of a IPP. The case studies are performed on the basis of the official generation expansion plan of Korea by using the Wien Automatic System Planning Package(WASP).

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-An Algorithm for Cube-based Mining Association Rules and Application to Database Marketing (데이터 큐브를 이용한 연관규칙 발견 알고리즘)

  • 한경록;김재련
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.23 no.54
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    • pp.27-36
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    • 2000
  • The problem of discovering association rules is an emerging research area, whose goal is to extract significant patterns or interesting rules from large databases and several algorithms for mining association rules have been applied to item-oriented sales transaction databases. Data warehouses and OLAP engines are expected to be widely available. OLAP and data mining are complementary; both are important parts of exploiting data. Our study shows that data cube is an efficient structure for mining association rules. OLAP databases are expected to be a major platform for data mining in the future. In this paper, we present an efficient and effective algorithm for mining association rules using data cube. The algorithm can be applicable to enhance the power of competitiveness of business organizations by providing rapid decision support and efficient database marketing through customer segmentation.

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A Double-blockchain Architecture for Secure Storage and Transaction on the Internet of Things Networks (IoT 네트워크에서 스토리지와 트랜잭션 보호를 위한 이중 블록체인 구조)

  • Park, jongsoon;Park, chankil
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.17 no.4
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    • pp.43-52
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    • 2021
  • IoT applications are quickly spread in many fields. Blockchain methods(BC), defined as a distributed sharing mechanism, offer excellent support for IoT evolution. The BC provides a secure way for communication between IoT devices. However, the IoT environments are threatened by hacker attacks and malicious intrusions. The IoT applications security are faced with three challenges: intrusions and attacks detection, secure communication, and compressed storage information. This paper proposed a system based on double-blockchain to improve the communication transactions' safety and enhance the information compression method for the stored data. Information security is enhanced by using an Ellipse Curve Cryptography(ECC) considered in a double-blockchain case. The data compression is ensured by the Compressed Sensing(CS) method. The conducted experimentation reveals that the proposed method is more accurate in security and storage performance than previous related works.