• Korean Journal of Weed Science
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• v.13 no.4
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• pp.195-202
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• 1993

The benefits of pesticides in improving the food quantity and quality requirements for an increasing world population are significant, and they can be described in agronomic, economic and social terms. The risks are assessed from the hazards which are likely to occur in practice ; the hazards are defined by the toxicity of the pesticide to non-target organisms at various exposure levels. There are ways of reducing the risks (mainly by reducing exposure in practice) and improving the benefits of pesticides ; these are known as risk management and benefit management respectively. The overall risk-benefit assessment is facilitated if each component can be expressed in financial terms, but it must be made nationally or locally on a sound technical basis against the prevailing agronomic, socio-economic and political circumstances. Paraquat is used to illustrate the risk-benefit assessment process in general terms, and the conclusion is that the benefits greatly outweigh the risks. It is important to keep the risks of pesticides in perspective with those associated with other naturally occurring chemicals in our diet and with other everyday aspects of life. In an overall context, the pesticide risk is small.

• Management Science and Financial Engineering
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• v.17 no.2
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• pp.99-129
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• 2011

This paper analytically studies how to choose hedging instrument for firms with steady operating cash flows from value maximization perspective. I derive a formula to determine option's optimal strike that makes hedged cash flow have the best monetary payoff given a hedger's view on the underlying asset. I find that not only the expected mean but also the expected standard deviation of the underlying asset in relation to the forward price and the implied volatility play a crucial role in making optimal hedging decision. Higher moments play a certain part in hedging decision but to a lesser degree.

• Journal of Korea Society of Digital Industry and Information Management
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• v.7 no.1
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• pp.95-110
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• 2011

Since the mid-1990s, the corporate social responsibility(adhere CSR) has risen as an important issue in Korean company. We have classified 3 effects of CSR activities on corporate performance. That is, this study investigates the relationship between CSR and corporate performance, which are financial performance, marketing performance, human resource and organization performance. Previous literatures discuss how CSR activities influence on corporate performance. But they have not reached at a clear conclusion and the issue is still debate. The relationship between CSR and corporate performance is actually more complicated, so this study is to review literature of various perspective. In this study, CSR management tool proposed for effective and efficiency CSR management by literature review. A right measure is fundamental factor for effective and efficiency CSR management. This study provide fundamental tip for CSR measure using of principles of ISO 26000.

• Management Science and Financial Engineering
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• v.9 no.2
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• pp.21-45
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• 2003

Various organizational factors effect successful implementation of IT enabled business transformation. Among them, the most critical success factor is deemed to overcoming change management problem. Lots of studies have been made on implementation methodologies and business process formalizations to encourage organizational members to accept new business process changes. However, the logic of process redesign still depends on qualitative problem solving techniques mostly depending on basically human intuition such as brainstorming, cause-and-effect analysis, and so on. In this paper, we develop algorithmic procedure applicable to designing various business process changes such as process automation, business process resequencing, and more radical process integration. The framework is employed from dynamic programming approach in the literature, which is based on the decision making paradigm of organizations to abstract business processes as quantitative decision models. As such, our research can fill the gap of limited development of theory based analytic methodologies for business process design, by providing objective rationale to reach the consensus among the organizational members including senior management.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.13 no.21
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• pp.127-132
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• 1990

Industrial accidents and the resulting worker injuries have adverse effect on industry. From a financial perspective, these effects are realized in large sums of money, perhaps 1.5 billions of wons which are spent last year. In the past. industry in general was not aware of the high costs incurred through injuries to workers. However, this trend has changed in recent years. This paper shows that middle managers have a critical job with respect to safety in workers. The safer middle managers have better resulting than unsafe ones. This is because the workers are more efficient and productive when acting safely. Consequently, this study was primarily an attempt to identify the relationship among middle manager behavior, job site policies, and interpersonal relationships on the job as the affect work safety and performance. More specifically this study focused on the investigation of the research questions by testing the hypotheses.

• Proceedings of the KIEE Conference
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• 1996.07b
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• pp.781-783
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• 1996

An important purpose of screening DSM(Demand Side Management) programs is to determine which programs or technologies seem to be moot worthy of further development, given the characteristics of the particular utility system. Complication found in screening DSM technologies is the consideration of costs and benefits from several perspectives : the utility, society, participants, free riders and nonparticipants. In this paper, a nation-wide DSM screening model is presented using a rigorous mathematical formulation on the financial basis and the concept of marginal coots considering all affected parties inside the nation is fully exploited.

• Proceedings of the KIEE Conference
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• 2007.07a
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• pp.121-122
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• 2007

Recently, there are two big paradigm shifts in the global electric power industry. First, the maintenance practice is gradually moved from time-based activities to reliability-centered activities. On the other hand, asset management is emerging as a new framework to maximize the efficiency of investments. The two paradigms are mutually exclusive in natural. Thus the power utilities usually chose the investment alternative on the basis of reliability in the past. But today's changed business environment - competition -requires the power utilities to compromise the trade-off of reliability effects and economics of investments. This paper shows what and how to interpret the reliability effects of distribution system investments into financial indicators beneficial for power utilities's managers to make decision on the perspective of corporate value.

• Journal of Navigation and Port Research
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• v.32 no.2
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• pp.141-148
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• 2008

This paper is structured into three main parts and a conclusion. The main section provide definitions of efficiency, effectiveness and performance in terms of the distribution channel, followed by a review of related performance measurement, before discussing difficulties of measurement. According to the theoretical approach, it appears that key theroretical issues are centered around customer service, logistics excellence, time compression, the use of IT, and a move towards integrated logistics. The empirical approach shows that in the past, various financial performance indicators were regarded as relevant management information. However, today, management needs additional performance indicators. Therefore, external assessments of effectiveness must be performed to measure customers' satisfaction with the physical flow of product through the distribution channel network. So, what is needed is to take previous normative and explorative research and progress through a framework by developing valid measures of distribution channel's effectiveness and efficiency, and identifying research methodologies suited to the data collection requirements.

• Asia-Pacific Journal of Business
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• v.10 no.3
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• pp.37-51
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• 2019

In this paper, we investigate the performance of anomaly factors in Asia-Pacific Stock market and show the higher Sharpe ratio of the volatility managed smart beta portfolio. The smart beta portfolio combines the benefit of passive strategy and active strategy. However, the smart beta portfolios are seems to be exposed to the risk of anomaly factors from the perspective of traditional financial equilibrium model. Therefore, the smart beta strategy may generate negatively skewed returns unappealing to investors having lower risk tolerance. Our empirical investigations find that the return of the Asia-Pacific region stock market is more volatile than other regions with the lower efficiency ratio. However, the value factor and the momentum factor of Asia-Pacific region both show good performances. More interestingly, we also find that managing the volatility of the momentum factor in Asia-Pacific stock market almost doubles the efficiency ratio.

• Electronics and Telecommunications Trends
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• v.37 no.5
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• pp.22-32
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• 2022

Optical character recognition is a primary technology required in different fields, including digitizing archival documents, industrial automation, automatic driving, video analytics, medicine, and financial institution, among others. It was created in 1928 using pattern matching, but with the advent of artificial intelligence, it has since evolved into a high-performance character recognition technology. Recently, methods for detecting curved text and characters existing in a complicated background are being studied. Additionally, deep learning models are being developed in a way to recognize texts in various orientations and resolutions, perspective distortion, illumination reflection and partially occluded text, complex font characters, and special characters and artistic text among others. This report reviews the recent deep learning-based text detection and recognition methods and their various applications.