• Title/Summary/Keyword: Well Draw Down

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A Study on the Several Important Clauses in ICC Model Distributorship Contract (국제판매점계약(國際販賣店契約)의 주요조항(主要條項) (ICC Model Distributorship Contract(Pub.518)을 중심(中心)으로))

  • Oh, Won-Suk
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.26
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    • pp.35-86
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    • 2005
  • International distributorship contract(IDC), as well as international agency contract is a type of contract which is most frequently used in international trade. But one of the main difficulties faced by parties of IDC is the lack of uniform rules for this type of contract. This means that both parties should be careful about each clause of the contract when they draw up it. The ICC prepared model form which incorporates the prevailing practice in international trade, and which aims at protecting and balancing the legitimate interests of both parties. This author examined the several important clauses in this model contract. The purpose of this examination is to help the contracting parties for better understanding and applying them in their actual contracting practice, which based on this model contract. When the supplier and the distributor execute their contract or use ICC Model Contract, they should be careful about the following points: First, some terminologies(like, "territory", "product", "competing products" and "exclusivity") should be clearly defined in their contract. Second, regarding the supplier's functions including "supplying products" and the distributor's responsibility including "undertaking not to compete", and "attaining guaranteed minimum targets", both parties should make clear about each party's right and obligation as well as one party's remedies available when other party makes breach of its obligation. Third, both parties should examine the relationship between the "exclusivity" or "sole" and competition law which is regarded as a mandatory rule in the territory. Forth, when both parties lay down "termination clause" in the contract, they should make clear about the indemnity in case of termination. Fifth, as there is not uniform law for the distributorship contract, it is inevitable to choose any local law as an applicable law in case of litigation. So both parties should keep in mind to insert arbitration clause to avoid the application of the local law. Besides, both parties should consider their individual and specific circumstances and try to reflect them in their contract by Annex I to XI attached to the end of model contract.

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Ergonomic Design of Necklace Type Wearable Device

  • Lee, Jinsil;Ban, Kimin;Choe, Jaeho;Jung, Eui S.
    • Journal of the Ergonomics Society of Korea
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    • v.36 no.4
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    • pp.281-292
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    • 2017
  • Objective: This study aims to identify important physical design variables in designing a necklace type wearable device, and to present design guidelines to maximize comfort that a user feels upon wearing the device. Background: Interests in fitness culture and personal health are on the rise recently. In such a situation, demand for necklace type wearable devices is projected to increase a lot, as the devices enable users to use their hands freely and to enjoy various contents through connection with mobile devices. However, the necklace type wearable device's comfort was assessed to have the lowest comfort in a running situation, where human body moves up and down and left and right more than other devices wearable on other human body parts. Therefore, the usability of a necklace type wearable device was low. In this regard, studies on identification of the variables affecting user comfort upon wearing a necklace type wearable device and on physical design direction maximizing comfort and usability are needed. Method: A pretest and a main test were carried out to draw the direction of necklace type wearable device design. In the pretest, wearing evaluation on the diverse types of devices released in the market was conducted to draw physical design variables of the devices affecting comfort. Furthermore, variables significantly affecting the comfort of a device were selected through an analysis of variance (ANOVA). In the main test, anthropometry was performed, and information on anthropometric items corresponding to the design variables selected in the pretest was acquired. Based on the pretest results and the anthropometric information in the main test, the present study produced design guidelines maximizing the comfort of a necklace type wearable device with regard to major design variables upon dynamic tasks. Results: According to the pretest results, the variables having effects on comfort were the angle of side points, width, and height. Due to interactions between variables, those need to be simultaneously considered upon designing a device. Upon dynamic tasks, the angle of side points and width of a device was designed to be smaller than mean angle of the trapezius muscle and neck width, and thus attachment to human body was high. As height was designed to be larger than mean neck front and rear point width, comfort was higher due to feeling of stability. Conclusion: Because user sensitivity to comfort was high at human body's inflection points, a device needs to be designed for users not to feel high pressure on specific body parts with the device fitting human body shape well. A design considering user's situation is also required in further studies.

Study of Definition of Ayurveda and Its Relations with Indian Traditional Medicine (아유르베다의 정의와 인도전통의학과의 관계에 대한 고찰)

  • Kim, Jinhee;Han, Changhyun;Kim, Namil
    • The Journal of Korean Medical History
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    • v.23 no.1
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    • pp.1-10
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    • 2010
  • Ayurveda is one of the most historic and comprehensive medical system in the world. It was passed down as Buddhist medicine with Buddhism to influence enormously to East Asian medicine. Therefore, researches on Ayurveda is important in studying East Asian medicine as well as in studying Indian traditional medicine and althernative medicine. However, in previous studies, the term, 'Ayurveda', was mistaken and misused frequently. Clarifying the relations between the definition of Ayurveda and Indian traditional medicine is essential in preventing future controversy. Therefore, such relations were studied to draw following conclusions. 1. 'Ayurveda' is the term determining the oldest medicine system in the world that originated in India. Reportedly, the first book about Ayurveda is "Agnivesha samhita", and the oldest existing book is "Charaka Samhita". No records were found on medine books named Ayurveda, and interpreting Ayurveda to be a name of a book is explicitly misunderstanding. 2. There are various divisions of Indian traditional medicine in previous studies. However, divisions in 6 types of Ayurveda, Siddha, Unani, Yoga, Naturopathy and Homoeopathy is the most proper. 3. Ayurveda gained some similarities as it exchanged with other medicine systems. However, since each medicine system has unique characteristics, they must be separately studied. Especially, current Indian traditional medicine system has many divisions. Terms of 'Indian traditional medicine' and 'Ayurveda' must be separately used.

A Study on The Furniture Design for Home Office Worker (재택근무자를 위한 홈 오피스 가구디자인에 관한 연구)

  • 양영완
    • Archives of design research
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    • v.11 no.2
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    • pp.17-28
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    • 1998
  • With the renewed definition of "office". it's function and role has been reduced. Therefore. home oofices are beginning to draw people's attention. Office within the home is called SOHO (Small Office Home Office). SOHO has become possible with the development of information and telecommunication network technology. Recently. companies are adopting the SOHO system along with the trends of business restructuring. The SOHO offers workers to enjoy more flexible work time and enhance concentration thus improving jop efficiency. Companies will be able to cut down on fixed expenses and increase productivity. In addition. such working conditions will contribute to relieve traffic and environmental problems and furthermore it will make it possible to take advantage of potential workforce of women. the elderly and the handicapped. "Home Office" is expected to be one of the prevailing work system in the near future. Therefore. it is all the more important to study design problems including space design and furniture arrangement in order to improve work efficiency and provide a creative working environment. Moreover. architects and interior designers as well as experts on related fields such as information network. telecommunications. management and employment should continue to carry out joint researches for reasonable home office furniture and environment design.nd environment design.

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Draw-down Characteristics of Bank Filtration by Using the Horizontal Collector Well (방사형집수정에 의한 강변여과수 수위하강 특성)

  • Chung Ji Hoon;Park Jae Hyun;Park Chang Kun;Yang Jung Suk
    • Proceedings of the Korea Water Resources Association Conference
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    • 2005.05b
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    • pp.240-244
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    • 2005
  • 현재 강변여과수 개발은 수직정 위주로 개발되어졌으나, 수직정을 이용한 취수 방식은 산출량에 대한 한계를 가지고 있어 대용량 취수를 위해서 많은 취수정 착정이 불가피하다. 취수정 증가와 더불어 유지관리상의 문제점을 가지고 있으며 실제 운영에서 문제점이 나타나고 있는 실정이다. 이러한 수직정 취수정의 문제점을 해결하기 위해 방사형 집수정을 이용한 강변여과수 개발이 시도 되고 있다. 현재 창원시 대산면 일대에서 국내최초로 방사형집수정을 이용한 강변여과수 개발이 진행되고 있으며, 현재 방사형 취수정 1기가 시공 완료되어 시험 가동 중에 있다. 방사형 집수정에 의한 강변여과수 개발은 대용량 취수를 목적으로 설치되기 때문에 산출량뿐만 아니라 집수정 인근의 수위하강에 특성이 중요한 요소 중에 하나이다. 본 연구에서는 창원시 대산면 일대에서 진행되고 있는 방사형 집수정 설치에 따른 강변여과수 산출시 집수정 인근 수위하강 특성 파악을 위한 모니터링을 목적으로 실시하였다. 수위하강 특성 관측을 위해 양수실험을 위해 대용량 양수펌프 설치, 유량검증을 위한 대형 웨어 설치, 수위변화 측정을 위해 집수정 30m 반경에 8개의 관측정을 착정하여. 디지털 수위측정기를 설치하여 수위하강 특성을 모니터링 하였다. 수위 모니터링 결과 취수정의 수위하강 특성과 유사하게 수평정의 수위하강 경향 나타났으며, 강변에 가까운 수평정의 수위하강은 약 $30\% 감소하였으며, 집수정 양수량에 변화에 따라 민감하게 반응하지 않는 특성을 나타냈다.

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Evaluation of Drain Capacity in Tunnel Drainage System using Drainboard (바닥배수판을 이용한 터널 배수시스템의 통수능 평가)

  • Bae, Gyu-Jin;Lee, Gyu-Phil;Lee, Sung-Won;Shin, Hyu-Soung
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.8 no.1
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    • pp.13-20
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    • 2006
  • This study proposes a new concept of a tunnel central drainage system by using a drain board to make a breakthrough on difficulties in the installation of conventional drainage system and draw-down of its drain capacity especially in long tunnels. A fundamental study has been performed for evaluation of the drain capacity of the planar drainage system adopted in this study. In fact, the system proposed makes possible to omit the side, transverse as well as central drainage pipes required in the conventional system, even if its drain capacity and any guideline for design are not available to date. In this circumstance, it is carried out to investigate the correlation between drain capacities and, shapes and posit ions of the columns of the drain board in terms of a variety of water inflows through hydrological model tests. It is shown from the tests that a drain capacity is highly influenced by the shape and the distance between the columns of a drain board in flowing direction, and a round rectangular shape of the columns leads to the highest capacity of drainage. And also, the shorter distance between the columns in flowing direction, the higher drain capacity would be achieved.

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Variation of Psychophysiological Characteristics Related with Human Errors during a Simple Pointing Task (단순 지적과업 중 인간과오 관련 심리생리학적 특성의 변화)

  • Lim, Hyeon-Kyo
    • Journal of the Korean Society of Safety
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    • v.24 no.3
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    • pp.71-78
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    • 2009
  • During a learning process, a human being is assumed to experience knowledge-based behaviors, rule-based behaviors, and skill-based behaviors sequentially if Rasmussen was right. If any psycho-physiological symptom to those different levels can be obtained, it can be useful as a measure whether a human being is fully trained and has gotten a skill in his work. Therefore, this study aimed to draw relationships between human performance measures and psycho-physiological measures while committing a computer-simulated pointing task by utilizing the power spectrum technique of EEG data, especially with the ratio of relative beta-to-alpha band power. The result showed that, during correct responses, the ratio came to stabilize as all the performance data went stable. However, response time was not a simple linear function of task difficulty level only, but a joint function of task characteristics as well as behavior levels. Comparing relative band power ratios from errors and correct responses, activated states of one's brain could be explained, and characteristics of the task could understood. To tell that of pointing task, correlations around C3, C4, P3, P4 and 01, 02 area were significant and high in correct response cases whereas most correlation coefficients went down in error cases standing for imbalance of psycho-motor functions. Though task difficulty was the only one factor that could influence on relative band power ratio with statistical significance, it should be comprehended to mean a different way of expression indicating task characteristics since at least error-some situation could be explained with the help of relative band power ratio that absolute band power failed.

Structure Development in Drawn Poly(trimethylene terephthalate) (연신에 의한 폴리(트리메틸렌 테레프탈레이트)의 구조 변형)

  • 전병환;김환기;강호종
    • Polymer(Korea)
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    • v.27 no.5
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    • pp.477-483
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    • 2003
  • The structure development of drawn poly(trimethylene terephthalate) PTT as a function of draw down ratio and drawing temperature was studied. The special effort was made to find out the effect of structural development on thermal properties and crystallinity in drawn PTT. The changes in shrinkage ratio and mechanical properties were understood base on the level of crystallinity and orientation of the drawn PTT. The stress induced crystallization caused the increase in glass transition temperature and the decrease in cold crystallization temperature and enthalpy. The crystallinity and orientation were dependent upon the level of applied stress level as well as chain flexibility at high drawing temperature. The drawing resulted in the increase of shrinkage ratio but it was minimized by increasing of crystallinity. The development of orientation resulted in increasing modulus and tensile strength while decreasing elongation at break.

Effects of Well Parameters Analysis Techniques on Evaluation of Well Efficiency in Step-Drawdown Test (단계양수시험 해석시 우물상수 산정 방법이 우물효율에 미치는 영향)

  • Chung, Sang-Yong;Kim, Byung-Woo;Kim, Gyoo-Bum;Kweon, Hae-Woo
    • The Journal of Engineering Geology
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    • v.19 no.1
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    • pp.71-79
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    • 2009
  • Step-drawdown tests were conducted at four pumping Wells, two in porous media and two in fractured rocks, respectively. In general, P = 2.0 suggested by Jacob (1947) is applied to porous media and fractured rocks in terms of drawdowns of step-drawdown test. In an attempt to review problems of linear model (Jacob's graphic method) in interpreting the step-draw down test, the outcomes of well parameters (aquifer loss coefficient (B), well loss coefficient (C) and well loss exponent (P)) calculated from linear and nonlinear model (Labadie and Helweg's least-squares method) were compared and analyzed. The values of C and P calculated from linear and nonlinear models differed according to permeability of aquifer and the conditions of pumping well. The value C obtained from nonlinear models in porous media and fractured rocks is about $10^0{\sim}10^{-2}$ and $10^{-3}{\sim}10^{-6}$ times lower than in their linear models, respectively. The value P of porous media obtained from nonlinear model ranged from 2.123 to 2.775, while it ranged from 3.459 to 5.635 for fractured rocks. In case of nonlinear model, well loss highly depends on the value P. At this time, well efficiencies calculated from linear and nonlinear models were $1.56{\sim}14.89%$ for porous media and $8.73{\sim}24.71%$ for fractured rocks, showing a significant error according to chosen models. In nonlinear model, it was found that the regression analysis using the least squares method was very useful to interpret step-drawdown test in all aquifer.

Performance Improvement on Short Volatility Strategy with Asymmetric Spillover Effect and SVM (비대칭적 전이효과와 SVM을 이용한 변동성 매도전략의 수익성 개선)

  • Kim, Sun Woong
    • Journal of Intelligence and Information Systems
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    • v.26 no.1
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    • pp.119-133
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    • 2020
  • Fama asserted that in an efficient market, we can't make a trading rule that consistently outperforms the average stock market returns. This study aims to suggest a machine learning algorithm to improve the trading performance of an intraday short volatility strategy applying asymmetric volatility spillover effect, and analyze its trading performance improvement. Generally stock market volatility has a negative relation with stock market return and the Korean stock market volatility is influenced by the US stock market volatility. This volatility spillover effect is asymmetric. The asymmetric volatility spillover effect refers to the phenomenon that the US stock market volatility up and down differently influence the next day's volatility of the Korean stock market. We collected the S&P 500 index, VIX, KOSPI 200 index, and V-KOSPI 200 from 2008 to 2018. We found the negative relation between the S&P 500 and VIX, and the KOSPI 200 and V-KOSPI 200. We also documented the strong volatility spillover effect from the VIX to the V-KOSPI 200. Interestingly, the asymmetric volatility spillover was also found. Whereas the VIX up is fully reflected in the opening volatility of the V-KOSPI 200, the VIX down influences partially in the opening volatility and its influence lasts to the Korean market close. If the stock market is efficient, there is no reason why there exists the asymmetric volatility spillover effect. It is a counter example of the efficient market hypothesis. To utilize this type of anomalous volatility spillover pattern, we analyzed the intraday volatility selling strategy. This strategy sells short the Korean volatility market in the morning after the US stock market volatility closes down and takes no position in the volatility market after the VIX closes up. It produced profit every year between 2008 and 2018 and the percent profitable is 68%. The trading performance showed the higher average annual return of 129% relative to the benchmark average annual return of 33%. The maximum draw down, MDD, is -41%, which is lower than that of benchmark -101%. The Sharpe ratio 0.32 of SVS strategy is much greater than the Sharpe ratio 0.08 of the Benchmark strategy. The Sharpe ratio simultaneously considers return and risk and is calculated as return divided by risk. Therefore, high Sharpe ratio means high performance when comparing different strategies with different risk and return structure. Real world trading gives rise to the trading costs including brokerage cost and slippage cost. When the trading cost is considered, the performance difference between 76% and -10% average annual returns becomes clear. To improve the performance of the suggested volatility trading strategy, we used the well-known SVM algorithm. Input variables include the VIX close to close return at day t-1, the VIX open to close return at day t-1, the VK open return at day t, and output is the up and down classification of the VK open to close return at day t. The training period is from 2008 to 2014 and the testing period is from 2015 to 2018. The kernel functions are linear function, radial basis function, and polynomial function. We suggested the modified-short volatility strategy that sells the VK in the morning when the SVM output is Down and takes no position when the SVM output is Up. The trading performance was remarkably improved. The 5-year testing period trading results of the m-SVS strategy showed very high profit and low risk relative to the benchmark SVS strategy. The annual return of the m-SVS strategy is 123% and it is higher than that of SVS strategy. The risk factor, MDD, was also significantly improved from -41% to -29%.