• The Journal of Asian Finance, Economics and Business
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• 제8권10호
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• pp.19-28
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• 2021

The present study aims to evolve the value cycle of e-business through value co-creation during the Coronavirus pandemic. The population of the study is experts consisting of university professors in the fields of marketing management, e-commerce, and managers of organizations and companies in Iran. Using the snowball sampling method, 50 of them were selected as the sample. This study employs the factor analysis method and structural equation modeling (SEM) approach for identification of the factors. The findings of this study reveal that 10 factors affect the evolution of the value chain into the value cycle, including customer relationship management, e-literacy, value co-creation, e-readiness, and integrated value creation, the logic of service dominance, shared value creation, virtual culture, e-trust, and network economics. Despite the difficulties that COVID-19 has created for businesses worldwide, the evolution of the e-business value cycle through value co-creation in the Coronavirus pandemic can be considered as a positive aspect of the pandemic. In fact, with more pandemics and more customers turning to e-businesses due to the co-creation of customer value, e-businesses can cover their weaknesses and improve their strengths by engaging customers and receiving their feedback, thus transforming their value chain into the value cycle.

• International Area Studies Review
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• 제12권2호
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• pp.3-26
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• 2008

This article investigates the usefulness of the skewed Student-t distribution in modeling the long memory volatility property that might be present in the daily returns of two Australian financial series; the ASX200 stock index and AUD/USD exchange rate. For this purpose we assess the performance of FIGARCH and FIAPARCH Value-at-Risk (VaR) models based on the normal, Student-t, and skewed Student-t distribution innovations. Our results support the argument that the skewed Student-t distribution models produce more accurate VaR estimates of Australian financial markets than the normal and Student-t distribution models. Thus, consideration of skewness and excess kurtosis in asset return distributions provides appropriate criteria for model selection in the context of long memory volatility models in Australian stock and foreign exchange markets.

• The Journal of the Korea institute of electronic communication sciences
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• 제18권5호
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• pp.817-826
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• 2023

In this paper, a fault determination methodology based on an artificial neural network was proposed to protect the system from faults on the lines in the smart grid distribution system. In the proposed methodology, first, it was designed to determine whether there is a low impedance line fault (LIF) based on the magnitude of the current RMS value, and if it is determined to be a normal current, it was designed to determine whether a high impedance ground fault (HIF) is present using Normal/HIF classifier based on artificial neural network. Among repetitive DSP module-based algorithm verification tests, the normal/HIF classifier recognized the current waveform as normal and did not show reclosing operation for the cases of normal state current waveform simulation test where the RMS value was smaller than the minimum operating current value. On the other hand, for the cases of LIF where RMS value is greater than the minimum operating current value, the validity of the proposed methodology could be confirmed by immediately recognizing it as a fault state and showing reclosing operation according to the prescribed procedure.

• Journal of Electrical Engineering and Technology
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• 제8권4호
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• pp.729-736
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• 2013

Power grids are large complicated networks in use around. An absolute phase value for a particular unknown-phase line at a local site should be identified for the operation and management of a 3-phase distribution network. The phase shift for a specific point in the line, as compared with a phase reference point at a substation, must be within a range of ${\pm}60^{\circ}$ for correct identification. However, the phase shift at a particular point can fluctuate depending on the line constants, transformer wiring method, line length, and line amperage, etc. Conducted in this study is a theoretical formulation for the determination of phase at a specific point in the line, Simulink modeling, and analysis for a distribution network. In particular, through evaluating the effects of unbalanced current loads, the limitations of the present phase identification methods are described.

• Proceedings of the Korean Society for Technology of Plasticity Conference
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• 한국소성가공학회 1999년도 춘계학술대회논문집
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• pp.218-224
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• 1999

It is necessary to improve mechanical and optical properties in the optical disk substrates as the information storage devices with high storage density using short wavelength laser are being developed. Injection compression molding is regarded as the most suitable process to manufacture optical disk substrates with high is regarded as the most suitable process to manufacture optical disk substrates with high dimensional accuracy low residual stresses and superb optical properties In the present study polycarbonate optical disk substrates were fabricated by injection compression molding and the birefringence regarded as one of the most important optical properties for optical disk is measured. The effects of various processing conditions upon the development of birefringence distribution were examined experimentally. It was found that the value of the birefringence distribution were very sensitive to the mold wall temperature history and the variance of the birefringence distribution in the radial direction was affected by the level of the packing and the compression pressure.

• Proceedings of the Korean Society for Technology of Plasticity Conference
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• 한국소성가공학회 2005년도 춘계학술대회 논문집
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• pp.445-448
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• 2005

Recently, injection molding process became more popular than ever to produce large quantities of high precision products or optical products. Injection molding products can cause sensorial problems because of high birefringence or deformation from the residual stresses in the optical media. In the present study, we have focussed on the effect of holding and compression pressures on the optical anisotropy remaining in the MOD by examining the gapwise distribution of birefringence and extinction angle The effect of holding pressure was found to form the inner two birefringence peaks. But the effect of compression pressure on the birefringence distribution was found to make the uniform distribution near the center in the gap-wise direction. Finally, the value of the birefringence near the wall decreased as the mold temperature increased.

• Korean Journal of Construction Engineering and Management
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• 제24권6호
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• pp.45-52
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• 2023

Recently, as climate change caused by greenhouse gases is intensifying, the international community has committed to reduce greenhouse gas emissions. The purpose of this study is to present the methodology and major considerations for investment judgment. Two actual cases of overseas projects were selected as study subjects. As an analysis method, the major risk factors were defined as a probability distribution, and the NPV was stochastically estimated using the Monte Carlo simulation method. In addition, assuming a policy change, the range of NPV change was analyzed. As a result, the average NPV of project A was lowered by 19%, and the probability of showing a negative NPV was 12.2%. The average value of project B was lowered by 12.5%. Considering the policy change, project A can obtain economic benefits only when it obtains 72.9% or more of the total amount of carbon credits generated, and project B is economically feasible when it acquires 49.5% or more. As a result, the average value of project A is lower than the net present value under basic assumptions, so caution is needed in investment decisions depending on changes in major risk factors. Additionally, considering policy changes, the carbon credit distribution ratio should be differentially applied depending on the project size, and this was presented as a specific figure.

• The Journal of Information Technology and Database
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• 제6권2호
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• pp.19-28
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• 1999

Digital image and video libraries require new algorithms for the automated extraction and indexing of salient image features. Eigen values of an image provide one important cue for the discrimination of image content. In this paper we propose a new approach for automated content extraction that allows efficient database searching using eigen values. The algorithm automatically extracts eigen values from the image matrix represented by the covariance matrix for the image. We demonstrate that the eigen values representing shape information and the skewness of its distribution representing complexity provide good performance in image query response time while providing effective discriminability. We present the eigen value extraction and indexing techniques. We test the proposed algorithm of searching by eigen value and its skewness on a database of 100 images.

• The Journal of Asian Finance, Economics and Business
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• 제7권1호
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• pp.29-36
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• 2020

Stock price multiple is one of the most well-known equity valuation technique used to forecast equity price. It measures by multiplying "the ratio of stock price to a value driver" by a value driver. The value driver can be earning per share (EPS), sales or other financial measurements. The objective of price multiple technique is to evaluate the value of assets and compare how similar assets are priced in the market. Although stock price multiple technique is common in financial filed, studies on the application of the technique in Thailand is still limited. The present study is conducted to serve three major objectives. The first objective is to apply the technique to measure value of firms in banking sector in the Stock Exchange of Thailand. The second objective is to develop composite price multiple index to forecast equity prices. The third objective is to compare valuation accuracy of different value drivers of price multiple (i.e. EPS, Earnings Growth, Earnings Before Interest Taxes Depreciation and Amortization, Sales, Book Value and Composite Index) in forecasting equity prices. Results indicated that EPS is the most accurate value drivers of price multiple used to forecast equity price of firms in baking sector.

• Journal of Distribution Science
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• 제15권7호
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• pp.5-17
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• 2017

Purpose - This study analyzes an economic effect on the project that Korean government supported for the vitalization of traditional markets using an input-output model. From 2002 to 2013, the government provided 180.8 billion won for a Management Modernization Project and 2.851 trillion won for a Facility Modernization Project for vitalization of traditional markets. Research design, data, and methodology - The present study conducted inter-industry analysis by matching industries related to the Traditional Market Project for the measurement, and calculated the ripple effect of each project. Result - The results from the study showed that from 2002 to 2012, the Management Modernization Project and Facility Modernization Project showed a 296.1 billion won effect on production inducement, a 158.7 billion won value-added inducement effect, and a 3,135-person effect on employment inducement in total. From 2002 to 2013, the Facility Modernization Project showed a 6.948 trillion won effect on production inducement, a 2.1109 trillion won effect on value-added inducement, and 40,209-person of effect on employment inducement in total. Conclusions - This study provided an empirical demonstration of a clear effect of the governmental support to traditional markets on developing regional economies. In particular, this study empirically analyzed and presented that there were a considerable amount of an economic effect by region due to governmental policy support to traditional markets.