• The Journal of Asian Finance, Economics and Business
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• v.5 no.4
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• pp.35-44
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• 2018

The study is aimed at investigating the main factors that affect the interest rate yields, in the long-term. In addition, the study surveys the theories and literature relating to the determinants of interest rate. The importance of which is essential not only for governments, but also for banks and corporate financial risk management decisions, including risk exposures in banks and capital markets. Interest rate influences corporate profit as well as growth. For this purpose, the study examines the impact of budget deficit, risk-free rate, capital inflows, money supply and business cycles on real interest rate in Jordan. These factors are based upon well-established theories and straightforward practical view as interest rate determinants. Using data for (1990-2015), the study employed Johansen's co-integrating test, which takes into consideration the long-term unsynchronized relationships. The data is tested for normality, symmetric correlations, covariance diagonal and unit root. The results show that the government budget deficit, short-term risk-free interest rate, capital inflows, money supply and business cycle are long-term determinants of the real interest rate in Jordan. The coefficients of government budget deficit, short-term risk-free rate, money supply and business cycle all are inversely affecting the real interest rate, while capital inflows has a positive impact on the real interest rate.

• Proceedings of KOSOMES biannual meeting
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• 2001.10a
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• pp.101-113
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• 2001

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1991.10a
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• pp.199-199
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• 1991

• 한국정보디스플레이학회:학술대회논문집
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• 2009.10a
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• pp.1208-1211
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• 2009

This study compares and contrasts the market size, growth rates, business cycles, supply and demand of the of the FPD and Photovoltaic (PV) industries. Using historic, market metric, cycle, capacity and other comparative analysis techniques, implications for implementing effective business strategies are formed.

• Korean Journal of Construction Engineering and Management
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• v.14 no.3
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• pp.3-11
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• 2013

The changes in construction business have impact on overall operation of construction companies. Poor business of construction companies following a s low industrial cycle could have broader implications and influences on the industry. Since a construction project involves various stakeholders including public organizations, financial institutions and households, a downturn in construction industry might lead to significant economic loss. In this regard, it is meaningful to examine the relationship between changes in construction business cycles and insolvency of construction companies. This study conducts an empirical analysis of the relationship between construction business cycles and how much they affect operation of construction companies. To this end, KMV model was used to estimate probability of bankruptcy, which represents business condition of a construction company. To examine construction business cycles, investment amount for different construction types-residential, non-residential, and construction work-was used as a variable. Based on the investment amount, VECM was applied and the analysis results suggested that construction companies should put priority on diversifying project portfolio. In addition, it was shown that once a construction company becomes unstable in business operation, it is hard to recover even when the market condition turns for the better. This suggests that, to improve business operation of a construction company, internal capacity-building is as important as the market condition and other external circumstances.

• Journal of Korea Port Economic Association
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• v.27 no.1
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• pp.235-245
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• 2011

This paper finds that business in the shipbuilding industry affects significantly the exchange rate and its variability. The effects of the amount of orders received and construction in the shipbuilding industry on the exchange rate and its variability are preemptive and long lasted. This implies that business cycles and the exchange rate hedge in the shipbuilding industry are important factors in understanding the exchange rate and its variability. Advancement in the technology of exchange rate hedge in future may reinforce the importance of business cycles in the shipbuilding industry. It is, therefore, required that the policy authority should monitor carefully the shipbuilding industry for the stability of foreign exchange market.

• International Area Studies Review
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• v.15 no.3
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• pp.55-76
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• 2011

In this paper, we estimate a model that incorporates key features of business cycles, co-movement among economic variables and switching between regimes of expansion and recession, to aggregate quarterly data for the NAFTA region. Two common factors reflecting the permanent and transitory components of the business cycle in the region, along with the turning points from one regime to the other, were extracted from the data by using the Kalman filter and maximum likelihood estimation approach of Kim (1994). Estimation results confirm that a typical aspect of business cycles are also observed (i.e., recessions are steeper and shorter than recoveries) in the region, and that both co-movement and that regime switching are found to be important features of the business cycle. The two common factors produce sensible representations of the trend and cycle, and the estimated turning points are in line with independently determined chronologies. It also turns out that the degree of synchronization between the NAFTA region and Korea, has significantly increased since the entry into force of the NAFTA.

• Journal of the Korea Society of Computer and Information
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• v.23 no.10
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• pp.111-117
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• 2018

CHAM is a lightweight block cipher, proposed in ICISC 2017. CHAM-n/k has the n-bit block and the k-bit key, and designers recommend CHAM-64/128, CHAM-128/128, and CHAM-128/256. In this paper, we study how to make optimal software implementation of CHAM such that it has high encryption speed on CPUs with high computing power. The best performances of our CHAM implementations are 1.6 cycles/byte for CHAM-64/128, 2.3 cycles/byte for CHAM-128/128, and 3.8 cycles/byte for CHAM-128/256. The comparison with existing software implementation results for well-known block ciphers shows that our results are competitive.

• Nuclear Engineering and Technology
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• v.48 no.1
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• pp.169-174
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• 2016

This article describes a comprehensive methodology for the evaluation of the middle part of nuclear fuel cycles. Evaluation of fuel cycles is basically divided into two parts. The first comprises nuclear calculation, i.e., creation of the strategy for nuclear fuel reloading and core design calculations. The second part is the business-economic evaluation of the selected reloading strategy, which can be done either by financial analysis or economic analysis. The financial analysis incorporates the perspectives of a company while the economic analysis can be used primarily by national economists or politicians. This methodology was applied to a case study that is focused on impacts of switching from a 12-month to an 18-month fuel cycle strategy for Water-Water Energetic Reactor (VVER)-1000 reactors.

• Fisheries and Aquatic Sciences
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• v.27 no.1
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• pp.35-47
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• 2024

The aim of this study was to analyze the income and productivity of seaweed farmers based on farmed land ownership status. This research was conducted in three provinces on the Sulawesi Island which are ranked among the 10 largest seaweed producers in Indonesia: Central Sulawesi, South Sulawesi and Southeast Sulawesi. The twelve study sites were determined based on 5 special criteria and 792 respondents fulfilled the criteria for seaweed farmers. Data were collected through field surveys and analyzed using qualitative and quantitative methods. Results showed that the seaweed farming areas are considered as private property with 4 types of marine land tenure or ownership status: own land, inherited land, leasehold land and purchased land. The productivity of seaweed farming land had a positive value greater than 1 in South Sulawesi and Southeast Sulawesi, and a positive value of less than 1 in Central Sulawesi. Seaweed cultivation in Central Sulawesi has not been managed effectively. At all sites, the maximum number of growing season cycles was 5 cycles/year. Optimal growing season conditions gave the highest marginal returns at 2-3 cycles/year with additional costs exceeding additional income for more than 3 cycles/year.