• Title/Summary/Keyword: World Interest Rates

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Energy Perspective of Sugar Industries in Pakistan: Determinants and Paradigm Shift

  • Siddiqui, Muhammad Ayub;Shoaib, Adnan
    • Journal of Distribution Science
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    • v.10 no.2
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    • pp.7-17
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    • 2012
  • The aim of this study is to empirically explore micro and macroeconomic factors affecting the Pakistani sugar industries and searching the energy potential of this industry, through the survey of literature. The empirical part has been explored by employing Vector Autoregression (VAR), Granger Causality tests and simultaneous equation models through quarterly data for the period of 1991q2-2008q4. The study also aims to devise policies for the development of sugar industries and identify its growing importance for the energy sector of Pakistan. Empirical tests applied on the domestic prices of sugar, domestic interest rates, and exchange rate, productive capacities of sugar mills, per capita income, world sugar prices on cultivable area and sugar production reveal very useful results. Results reveal an improvement of productive capacity of the sugar mills of Pakistan on account of increasing crushing capacity of this sector. Negative effect of rising wholesale prices on the harvesting area was also observed. Profit earnings of the sugar mills significantly increase with the rise of sugar prices but the system does not exist for the farming community to share the rising prices of sugar. The models indicate positive and significant effect of local prices of sugar on its volume of import. Another of the findings of this study positively relates the local sugar markets with the international prices of sugar. Additionally, the causality tests results reveal exchange rate, harvesting area and overall output of sugarcane to have significant effects on the local prices of sugar. Similarly, import of sugar, interest rate, per capita consumption of sugar, per capita national income and the international prices of sugar also significantly affect currency exchange rate of Pakistani rupee in terms of US$. The study also finds sugar as an essential and basic necessity of the Pakistani consumers. That is why there are no significant income and price effects on the per capita consumption of sugar in Pakistan. All the empirical methods reiterate the relationship of variables. Economic policy makers are recommended to improve governance and management in the production, stock taking, internal and external trading and distribution of sugar in Pakistan using bumper crop policies. Macroeconomic variables such as interest rate, exchange rate per capita income and consumption are closely connected with the production and distribution of sugar in Pakistan. The cartelized role of the sugar industries should also be examined by further studies. There is need to further explore sugar sector of Pakistan with the perspective of energy generation through this sector; cartelized sugar markets in Pakistan and many more other dimensions of this sector. Exact appraisal of sugar industries for energy generation can be done appropriately by the experts from applied sciences.

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Policy Evaluation of the Government Financial Transfers to Korean Fisheries : LISREL Approach (수산부문 정부재정지원정책의 정성 평가)

  • 박성쾌;김정봉
    • The Journal of Fisheries Business Administration
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    • v.33 no.2
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    • pp.1-29
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    • 2002
  • The main objective of this research aims at analyzing efficiency of government financial transfers(GFTs) to the Korean fisheries sector, using the Linear Structural Relations model(i.e., LISERL model) and the field survey data. Most policies of GFTs tend to be implemented to protect industries with weak competitive advantages such as infant and/or primary industries. Specific policy instruments include income transfers, government loans with lower interest rates, taxes and the like. Fishing activities are made at a highly changeable natural environment of the ocean with a great amount of risk and uncertainty. Fishing households make their livelihood under the small-scale fisheries. Such fisheries and fishing households have also a relatively weak market power. Because of these fisheries characteristics most coastal states have adopted a variety of government support programs. However, despite such a huge government support, during the past several decades the world fishing communities have seen a tendency of continuous fishereis resource overexploitation. For this resason there have been hot debates over the government support policies for fisheries through OECD, FAO, WTO, and UNEP. In general, policy evaluations tend to be made on the basis of benefit-cost(B/C) analysis. However, the B/C analysis may produce results quite different from real ones primarily due to many unmeasurable effects. Thus, the authors composed simple questionaires and let fishermen, government officials and academic people answer the questions. The survery was made in several ways such as post-mail and personal/group interviews. In recent years, for analysis of policy performances and effectiveness, the LISREL model has often been used, which consists of structural and measurement eqquations. This model has a good advantage of transforming unobservable variables to observable ones so that it helps construct endogenous cause and effect relationships among relevant variables. The evaluation was done from the two aspects: policy results and policy effectiveness. The policy result evaluation showed that there is a need for improvement for policy problem perception and decision-making process, while the policy effect evaluation suggested that the policy goals were successfully achieved and social justice was improved from the perspective of the entire society as well. However, the research results showed that the GFT policies rendered little contrubtion to narrowing down the gap between GFT beneficiaries and non-beneficiaries incomes.

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Development of Experience Dance Game using Kinect Motion Capture (키넥트를 이용한 체감형 동작 인식 댄스 게임 개발)

  • Yun, Hye-Jeong;Kim, Kwang-Il;Lee, Jeong-Hun;Lee, Hae-Yeoun
    • KIPS Transactions on Software and Data Engineering
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    • v.3 no.1
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    • pp.49-56
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    • 2014
  • Console game has high market occupancy in the world game market and has popular favor for many players. Especially, the experience console game in which body movement is used to control the game has made its own market. However, previous experience console games can easily make players to be boring and require additional payments to update the game. In this paper, we present an experience dance game using Kinet, which has high interest and can be continuously updated. Differently from previous console games, the presented game makes the player to see how they are playing and to know what the next action is. Also, the accuracy of the player motion is compared 20 times in each second to get high interests of players. Through these functions, the presented game can achieve high satisfaction rates based on the qualitative evaluation of users.

A Model for Assessing Maximum Overtime Rate in Labor Subcontracting Practices

  • Nassar, Khaled;Hosny, Ossama
    • Journal of Construction Engineering and Project Management
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    • v.2 no.2
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    • pp.18-27
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    • 2012
  • Despite the rapid development in the construction industry due to the changing new technologies, many projects still fail to meet target deadlines. Shortage in manpower and skilled laborers is one of the main reasons for such delays. Markets with high economic growth and economic expansion (such as Gulf Countries in the Middle East) may have pronounced labor the shortages. Labor subcontracting practices are used sometimes to increase production rates and meet project deadlines. This paper explains and analyses labor subcontracting practices currently being used in many places around the world (and especially in the Gulf Countries) and in particular defines a maximum overtime rate for laborers in the laborer-subcontracting method ensuring that the contractor gains both the time saved during overtime and also reduces the cost per unit produced. The mathematical model used formalizes a closed-form equation for overtime pay in similar situations and as such can be applicable worldwide. Data was collected from representative projects that employed such practices from various trades. Validation of the model and formula has been tested successfully by analyzing historic data. The results prove that contractors often do not reach the optimum use of their practices resulting in a higher cost per unit. The presented model and the analysis should be of interest to many contractors currently involved in the practice or considering its use and to those who wish to find new methods that would help in eliminating as much wastes as possible by allocating their resources in the most efficient way.

A Study on the Characteristics of Planning and Design of the passenger's Cabins in Cruise Ships - Focus on the types in the 2004~2010 in Large Cruise Ships - (크루즈 선박 객실 배치 계획 및 디자인 특성에 관한 연구 - 대형톤급 중 8만톤 이상의 크루즈 선박 2004년~2010년형 모델을 중심으로 -)

  • Park, Ah-Reum;Rhee, Youn-He
    • Korean Institute of Interior Design Journal
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    • v.19 no.1
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    • pp.226-235
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    • 2010
  • As marine leisure is getting popular around the world, people's interest in cruise ship is increasing rapidly. Now it became possible to make cruise ship with Korean technology, as a result of continuous research and development. However, as cruise ships are getting bigger and more popular, new cruise interior design is required to satisfy various clients' aesthetic and functional demands. Therefore, more researches for cruise interior design are needed. The purpose of this study is to analyze the characteristics of planning and design of passenger's cabins in cruise ship. The scope of this research is limited to the types in the 2004-2010 in Large Cruise Ships. Method of this study are document study and case study, in particularly, case study is conducted for the specific design methods through case analysis. The results of this study are as follow : One of the transitions in the cruise cabin designs is that cabins with balconies occupy a large portion of the entire cabins. As the functions of these balconies are diversifying, more distinctive forms of balcony are showing up. In particular, the cabins which are connected to public space differentiate themselves from those with the same rates; it meets the demands of the clients who require high quality services. In terms of cabin design, a futuristic, distinctive cabin that has incorporated will be a very important function in determining the value of the cruise ship. Based on the results of this research, application of the rapid changes in cabin design and studies about more diversified and advanced design are required.

Characterization of the Rosellinia necatrix Transcriptome and Genes Related to Pathogenesis by Single-Molecule mRNA Sequencing

  • Kim, Hyeongmin;Lee, Seung Jae;Jo, Ick-Hyun;Lee, Jinsu;Bae, Wonsil;Kim, Hyemin;Won, Kyungho;Hyun, Tae Kyung;Ryu, Hojin
    • The Plant Pathology Journal
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    • v.33 no.4
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    • pp.362-369
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    • 2017
  • White root rot disease, caused by the pathogen Rosellinia necatrix, is one of the world's most devastating plant fungal diseases and affects several commercially important species of fruit trees and crops. Recent global outbreaks of R. necatrix and advances in molecular techniques have both increased interest in this pathogen. However, the lack of information regarding the genomic structure and transcriptome of R. necatrix has been a barrier to the progress of functional genomic research and the control of this harmful pathogen. Here, we identified 10,616 novel full-length transcripts from the filamentous hyphal tissue of R. necatrix (KACC 40445 strain) using PacBio single-molecule sequencing technology. After annotation of the unigene sets, we selected 14 cell cycle-related genes, which are likely either positively or negatively involved in hyphal growth by cell cycle control. The expression of the selected genes was further compared between two strains that displayed different growth rates on nutritional media. Furthermore, we predicted pathogen-related effector genes and cell wall-degrading enzymes from the annotated gene sets. These results provide the most comprehensive transcriptomal resources for R. necatrix, and could facilitate functional genomics and further analyses of this important phytopathogen.

Analysis of the Ripple Effect of the US Federal Reserve System's Quantitative Easing Policy on Stock Price Fluctuations (미국연방준비제도의 양적완화 정책이 주가 변동에 미치는 영향 분석)

  • Hong, Sunghyuck
    • Journal of Digital Convergence
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    • v.19 no.3
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    • pp.161-166
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    • 2021
  • The macroeconomic concept represents the movement of a country's economy, and it affects the overall economic activities of business, government, and households. In the macroeconomy, by looking at changes in national income, inflation, unemployment, currency, interest rates, and raw materials, it is possible to understand the effects of economic actors' actions and interactions on the prices of products and services. The US Federal Reserve System (FED) is leading the world economy by offering various stimulus measures to overcome the corona economic recession. Although the stock price continued to decline on March 20, 2020 due to the current economic recession caused by the corona, the US S&P 500 index began rebounding after March 23 and to 3,694.62 as of December 15 due to quantitative easing, a powerful stimulus for the FED. Therefore, the FED's economic stimulus measures based on macroeconomic indicators are more influencing, rather than judging the stock price forecast from the corporate financial statements. Therefore, this study was conducted to reduce losses in stock investment and establish sound investment by analyzing the FED's economic stimulus measures and its effect on stock prices.

Effects of Hexaaluminate Manufacturing on the Synthetic Time of Hydrothermal Synthesis Using Urea (요소를 이용한 수열합성의 합성시간에 따른 Hexaaluminate 제조의 영향)

  • Kim, Seo Young;Park, Ji Yun;Rhee, Young Woo
    • Clean Technology
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    • v.25 no.4
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    • pp.331-335
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    • 2019
  • Interest in environmental pollution is increasing all over the world, and technology development to solve it is actively carried out. In areas where heat is used, especially, combustion is causing countless pollutants in the air environment. Combustion catalyst is a technology that reduces NOx and CO by lowering combustion temperature and enabling complete combustion. Traditional combustion catalysts are expensive and complex in the synthesis process using precious metal catalyst. In this study, hexaaluminate, a high-temperature combustion catalyst, was manufactured using urea, and the properties were investigated according to the synthesis time. The combustion performance and characteristics were evaluated using this catalyst. As the temperature increased, the changing methane conversion rate was shown in two patterns. The conversion rates for 1 hour, 9 hours, and 12 hours were similar, while the conversion rates for 3 hours and 6 hours showed similar patterns. Methane combustion performance increased rapidly as the synthesis time increased from 6 hours to 9 hours, whereas the temperature at T50 was approximately 745 ℃. The performance of the synthesized combustion catalyst for 9 hours was optimum as the NOx emission of this combustion catalyst was not present and the maximum emission of CO was 72 ppm.

Modeling of the charge and discharge behavior of the 2S2P(2 series-2 parallel) AGM battery system for commercial vehicles (상용자동차용 직·병렬 AGM 배터리 시스템의 충·방전 거동 모델링)

  • Lee, Jeongbin;Kim, Ui Seong;Yi, Jae-Shin;Shin, Chee Burm
    • Journal of Energy Engineering
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    • v.21 no.4
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    • pp.346-355
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    • 2012
  • Recent in the world environmental issues and energy depletion problems have been received attention. One way to solve these problems is to use hybrid electric vehicles (HEVs). Therefore, the interest in HEV technology is higher than ever before. Viable candidates for the energy-storage systems in HEV applications may be absorbent glass mat (AGM) lead-acid, nickel-metal-hydride (Ni-MH) and rechargeable lithium batteries. The AGM battery has advantages in terms of relatively low cost, high charge efficiency, low self-discharge, low maintenance requirements and safety as compared to the other batteries. In order to implement HEV system in required more electric power commercial vehicles AGM batteries was connected to 2 series-2 parallels (2S2P). In this study, a one-dimensional modeling is carried-out to predict the behaviors of 2S2P AGM batteries system during charge and discharge. The model accounts for electrochemical reaction rates, charge conservation and mass transport. In order to validate the model, modeling results are compared with the experimentally measured data in various conditions.

Evaluating Changes in Blue Carbon Storage by Analyzing Tidal Flat Areas Using Multi-Temporal Satellite Data in the Nakdong River Estuary, South Korea (다중시기 위성자료 기반 낙동강 하구 지역 갯벌 면적 분석을 통한 블루카본 저장량 변화 평가)

  • Minju Kim;Jeongwoo Park;Chang-Uk Hyun
    • Korean Journal of Remote Sensing
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    • v.40 no.2
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    • pp.191-202
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    • 2024
  • Global warming is causing abnormal climates worldwide due to the increase in greenhouse gas concentrations in the atmosphere, negatively affecting ecosystems and humanity. In response, various countries are attempting to reduce greenhouse gas emissions in numerous ways, and interest in blue carbon, carbon absorbed by coastal ecosystems, is increasing. Known to absorb carbon up to 50 times faster than green carbon, blue carbon plays a vital role in responding to climate change. Particularly, the tidal flats of South Korea, one of the world's five largest tidal flats, are valued for their rich biodiversity and exceptional carbon absorption capabilities. While previous studies on blue carbon have focused on the carbon storage and annual carbon absorption rates of tidal flats, there is a lack of research linking tidal flat area changes detected using satellite data to carbon storage. This study applied the direct difference water index to high-resolution satellite data from PlanetScope and RapidEye to analyze the area and changes of the Nakdong River estuary tidal flats over six periods between 2013 and 2023, estimating the carbon storage for each period. The analysis showed that excluding the period in 2013 with a different tidal condition, the tidal flat area changed by up to approximately 5.4% annually, ranging from about 9.38 km2 (in 2022) to about 9.89 km2 (in 2021), with carbon storage estimated between approximately 30,230.0 Mg C and 31,893.7 Mg C.