• Title/Summary/Keyword: Using period

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Foreign Exchange Risk Control in the Context of Supply Chain Management

  • Park, Koo-Woong
    • Journal of Distribution Science
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    • v.13 no.2
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    • pp.15-24
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    • 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.

PERIOD VARIATION STUDY OF THE NEGLECTED ALGOL ECLIPSING BINARY SYSTEM V346 CYGNIUS

  • Hanna, Magdy
    • Journal of The Korean Astronomical Society
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    • v.47 no.3
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    • pp.99-104
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    • 2014
  • We present the rst period variation study for the Algol eclipsing binary V346 Cyg by constructing the (O-C) residual diagram using all the available precise minima times. We conclude that the period variation can be explained by a sine-like variation due to the presence of a third body orbiting the binary in about $68.89{\pm}4.69$ years, together with a long-term orbital period decrease ($dP/dt=-1.23{\times}10^{-7}day/yr$) that can be interpreted to be due to slow mass loss from the ${\delta}$-Scuti primary component. The sinusoidal variation may also be explained by using the the Applegate (1992) mechanism involving cyclic magnetic activity due to star-spots on the secondary component. The present preliminary solution needs more precise photometric observations to be confirmed.

Development of A Multi-Period Integration DEA Model Considering Time Lag Effect (시간지연 효과를 고려한 기간 통합 DEA 모형의 개발)

  • Zhang, Yanshuang;Jeong, Byung Ho
    • Journal of the Korean Operations Research and Management Science Society
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    • v.37 no.4
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    • pp.37-50
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    • 2012
  • The existing DEA models have been devoted to evaluate relative efficiency of DMUs based on multiple input and output factors of a same period. However, a certain kind of lead time can be required to produce outputs using inputs in an organization. R&D evaluation is a typical area with this kinds of time lag. Thus, the purpose of this paper is to develop a new DEA model to deal with time lag effect in performance evaluation. The proposed model is to find relative efficiency of each DMU for each period considering the time lag effect. A case example using a real data set is also given to show the usage or implication of the suggested model. The results are compared with the ones of the CCR model and the multi-periods input model.

유성지역 소유역에서 추적자(Cl)를 이용한 강우사상에 따른 지표수로부터 기저유출의 분리

  • Jo Seong-Hyeon;Ha Gyu-Cheol;Go Dong-Chan;Jo Min-Jo;Song Mu-Yeong
    • Proceedings of the Korean Society of Soil and Groundwater Environment Conference
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    • 2005.04a
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    • pp.352-358
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    • 2005
  • This study aims to separate hydrograph into baseflow and event water to calculate baseflow rate during a rainfall in small catchments, Yuseong, Daejeon, The hydrograph of stream during a period with no excess rainfall will decay. The discharge is composed entirely of groundwater contributions. During the period, the Cl concentration of the stream water can be regarded as being in equilibrium with that of the groundwater. Using Cl as a conservative tracer, two-component hydrograph separations were performed from end point of the period to next end point. The required data were obtained by monitoring of the surface water table, along with discharge rate of stream. Cl concentration of rainfall, surface water were measured and recorded. Hydrograph separation, a mixing model using chemical tracer is applied to chemical hydrograph separation technique. These results show that baseflow rates are 31.6% of rainfall in the catchments during study period.

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Generation of Design Response Spectrum and Earthquake Ground Motion Considering the Recurrence Period (재현주기에 따른 응답스펙트럼과 설계지반운동 산정방법)

  • 이현호
    • Proceedings of the Earthquake Engineering Society of Korea Conference
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    • 1998.04a
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    • pp.58-65
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    • 1998
  • A purpose of this research is to develope the calculation methods of design input seismic loads, Where, calculation methods are ; (1) Considering different recurrence period of earthquakes which was proposed by ATC 14. (2) Using earthquake records which was modified Korean codes. Responce spectra that was adopted by codes has an estimated recurrence interval of 500 years, with approximately a 90 percent probability of not being exceeded in 50 years. But If we considered the life-time of existing buildings in some cases, response spectra be modified with return period of earthquakes. If we be design highrise and irregular buildings, dynamic analysis method that use time history records should be used. But in Korea, time history records of earthquakes was very few. Therefore to use foreign countries's earthquake record, it is need to select of records considered Korean coeds. As a results, this study propose a calculation method of seismic design input loads that considered return period of earthquakes and also propose using method of earthquakes.

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A Study on Selective Epitaxial Growth using Disilane and Hydrogen gas in Low Pressure chemical vapor deposition ($Si_{2}H_{6}$$H_2$ Gas를 이용한 LPCVD 내에서의 선택적 Epitaxy 성장에 관한 연구)

  • 손용훈;김상훈;박성계;남승의;김형준
    • Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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    • 2000.11a
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    • pp.471-475
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    • 2000
  • P-type (100) Si wafer patterned with 1000$\AA$ SiO$_2$island was used as substrate and the Si films were deposited under low pressure using Si$_2$H$_{6}$-H$_2$gas mixture where the total gas flow rate and deposition pressure were 16.6sccm and 3.5mtorr, respectively. In this condition, we selectively obtained high-quality epitaxial Si layer of the 350~1050$\AA$ thickness. In order to extend the incubation period, we kept high pressure H$_2$ environment without Si$_2$H$_{6}$ gas for few minutes after first incubation period and then we conformed the existence of second incubation period.iod.

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Equivalent period and damping of SDOF systems for spectral response of the Japanese highway bridges code

  • Sanchez-Flores, Fernando;Igarashi, Akira
    • Earthquakes and Structures
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    • v.2 no.4
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    • pp.377-396
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    • 2011
  • In seismic design and structural assessment using the displacement-based approach, real structures are simplified into equivalent single-degree-of-freedom systems with equivalent properties, namely period and damping. In this work, equations for the optimal pair of equivalent properties are derived using statistical procedures on equivalent linearization and defined in terms of the ductility ratio and initial period of vibration. The modified Clough hysteretic model and 30 artificial accelerograms, compatible with the acceleration spectra for firm and soft soils, defined by the Japanese Design Specifications for Highway Bridges are used in the analysis. The results obtained with the proposed equations are verified and their limitations are discussed.

A Study on the Changes and Meanings of Geological Terminologies for Elementary School Science Level (초등 수준 지질학 용어의 시대적 변천과 의미 탐색)

  • Lee, Myon U
    • Journal of Korean Elementary Science Education
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    • v.31 no.4
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    • pp.424-435
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    • 2012
  • The purpose of this study was to analyze the geological terms used in the elementary school science curriculums from 1876 to present. We collected the data of geological terminologies based on what is being used in the revised 2007 national curriculum. In this study, data was divided into three periods according to political events, "The Modern Enlightenment Period (1876~1910)", "The Japanese Colonial Period (1910~1945)", and "The Current Curriculum Period (1945~present)". During the early modern enlightenment period, translated Chinese characters' terminologies by western scholars in Qing-China were used in science books. The late modern enlightenment period, we used many translated Japanese textbooks in schools, which naturally introduced the way that Japan's terminology is used. In the Japanese colonial period, Korean students had to study science subjects written in Japanese characters, so they had used Japanese terminologies of science. After the liberation of Korea from the Imperial Japan, there was an efforts to make new Korean terminologies of geology under the new current national curriculum. However, the terminologies used in Korean textbooks ended up using and borrowing the same way that the Japanese-Sino terms of science used later.

Busy Period Analysis of the Geo/Geo/1/K Queue with a Single Vacation (단일 휴가형 Geo/Geo/1/K 대기행렬의 바쁜 기간 분석)

  • Kim, Kilhwan
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.4
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    • pp.91-105
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    • 2019
  • Discrete-time Queueing models are frequently utilized to analyze the performance of computing and communication systems. The length of busy period is one of important performance measures for such systems. In this paper, we consider the busy period of the Geo/Geo/1/K queue with a single vacation. We derive the moments of the length of the busy (idle) period, the number of customers who arrive and enter the system during the busy (idle) period and the number of customers who arrive but are lost due to no vacancies in the system for both early arrival system (EAS) and late arrival system (LAS). In order to do this, recursive equations for the joint probability generating function of the busy period of the Geo/Geo/1/K queue starting with n, 1 ≤ n ≤ K, customers, the number of customers who arrive and enter the system, and arrive but are lost during that busy period are constructed. Using the result of the busy period analysis, we also numerically study differences of various performance measures between EAS and LAS. This numerical study shows that the performance gap between EAS and LAS increases as the system capacity K decrease, and the arrival rate (probability) approaches the service rate (probability). This performance gap also decreases as the vacation rate (probability) decrease, but it does not shrink to zero.

Effect of Foot-and-Mouth Disease on the Optimal Rearing Period of Hanwoo Steers (구제역이 한우 거세우의 적정 사육 기간에 미치는 영향)

  • Kim, Se-Hyuk;Kim, Tae-Kyun;Choi, Se-Hyun
    • Korean Journal of Organic Agriculture
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    • v.29 no.4
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    • pp.507-521
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    • 2021
  • The livestock farmers are producing under uncertainties such as Foot-and-Mouth Disease (FMD) and Free Trade Agreement (FTA). The purpose of this study is to strengthen the management capabilities of Hanwoo farmers to prepare them for the uncertainties just mentioned. To this end, this study was conducted to find the optimal rearing period in order to reduce the feed cost, which accounts for the largest portion of the operation cost of Hanwoo. Using the universal lattice model, 41,139 of 289,000 Hanwoo slaughter data from 2010 to 2019 were used for the FMD period and 246,605 heads for the general period. The results show that the maximum cutoff price of Hanwoo steer is 6,394,457 won at the 4th week of 27 months of age in general period, where as 6,242,752 won at the 2nd week of 26 months of age in the FMD period. Therefore, it is judged that it will be helpful for Hanwoo farms to maximize their business profits by slaughtering one month and two weeks earlier in the FMD period than in the general period. In addition, Hanwoo farmers need to break away from the conventional rearing method and improve their management efficiency through a more flexible rearing method.