• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.207-215
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• 2021

The number of tourists visiting Nepal has shown rapid growth in recent years, and Nepal is expecting more tourist arrivals in the future. This paper, thus, attempts to analyze the tourist arrivals in Nepal and predict the number of visitors until 2025. This paper has examined the international tourist arrival trend in Nepal using the Gompertz and Logistic growth model. The international tourist arrival data from 1991 to 2018 is used to investigate international tourist arrival trends. The result of the analysis found that the Gompertz model performs a better fit than the Logistic model. The study further forecast the expected tourist arrival below one million (844,319) by 2025. Nevertheless, the government of Nepal has the goal of two million tourists in a year. The present study also discusses system dynamics scenarios for the two million potential visitors within a year. Scenario analysis shows that proper advertisement and positive word-of-mouth will be key factors in achieving a higher number of tourists. The current study could fill the gap of theoretical and empirical forecasting of tourist arrivals in the Nepalese tourism industry. Also, the study findings would be beneficial for government officers, planners and investors, and policy-makers in the Nepalese tourism industry.

• East Asian Economic Review
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• 제23권2호
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• pp.149-168
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• 2019

Public information arrivals and their immediate incorporation in asset price is a key component of semi-strong form of the Efficient Market Hypothesis. In this study, we explore the impact of public information arrivals on cryptocurrency market via Twitter posts. The empirical analysis was conducted through various methods including Kapetanios unit root test, Maki cointegration analysis and Markov regime switching regression analysis. Results indicate that while in bull market positive public information arrivals have a positive influence on Ripple's value; in bear market, however, even if the company releases good news, it does not divert out the Ripple from downward trend.

• 경영과정보연구
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• 제32권3호
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• pp.1-23
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• 2013

본 연구는 2005년 1월부터 2013년 1월까지 다변량 BEKK모형을 이용하여 한국을 가장 빈번하게 방문하는 미국, 일본, 중국의 외래객 입국자수간 변동성의 전이효과를 조사하고자 하였다. 본 연구의 결과를 요약하면, 첫째, 전체기간의 VEC모형에서 미국, 일본 및 중국의 관광객 입국자가 한국의 외래 관광객에 미치는 장기탄력성이 양(+)과 음(-)의 균형으로 변동하였다. 다변량 BEKK모형의 조건부 평균식에서 여러 평균전이효과가 존재하였고, 조건부 분산식에서 ARCH(${\epsilon}^2_t$)의 계수는 유의하여 모든 자국의 입국자에 강한 영향을 미치고, 양방향의 한국과 미국간, 한국과 일본간, 미국과 중국간에 강한 변동성전이효과가 존재하였다. 또한 일방향의 미국(일본)에서 일본(중국)으로 변동성전이효과를 나타내었다. GARCH(${\sigma}^2_t$)의 계수는 자국의 입국자와 다른 입국자간에서도 강한 영향을 미치는 조건부 변동성전이효과를 보여주었고 미국과 중국의 자국 입국자에서 비대칭효과가 존재하며, 다른 입국자간에도 비대칭효과가 존재하였다. 둘째, 글로벌 금융위기후의 결과, 일본과 중국의 관광객 입국자가 한국의 외래 관광객에 미치는 장기탄력성이 모두 음(-)의 균형으로 변동하였다. 다변량 BEKK모형의 조건부 평균식에서 소수만이 평균전이효과가 존재하였고, 조건부 분산식에서 ARCH(${\epsilon}^2_t$)의 계수는 유의하여 모든 자국의 입국자에 강한 영향을 미치고, 일방향의 여러 변동성전이효과를 나타내었다. GARCH(${\sigma}^2_t$)의 계수는 일본과 중국의 자국의 입국자만이 변동성전이효과를 보여주었고 한국, 미국, 일본의 자국 입국자에서 비대칭효과가 존재하며, 다른 입국자 내 간에도 비대칭효과가 존재하였다. 따라서 본 연구는 타국의 관광객 입국자에서 한국으로의 전이효과와 한국과 타국의 관광객 입국자간 일방향 또는 양방향의 비대칭적 반응을 관찰함으로써 한국과 타국의 관광객 입국자간의 여러 인과관계를 확인하였다.

• International Journal of Computer Science & Network Security
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• 제21권12spc호
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• pp.664-674
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• 2021

The relevance of this scientific research is determined by the negative impact of the COVID-19 pandemic on the current trends and dynamics of world tourism development. This article aims to identify patterns of development of the modern tourist market, analysis of problems and prospects of development in the context of the COVID-19 pandemic. Materials and methods. General scientific methods and methods of research are used in the work: analysis, synthesis, comparison, analysis of statistical data. The analysis of the viewpoints of foreign and domestic authors on the research of the international tourist market allowed us to substantiate the actual directions of tourism development due to the influence of negative factors connected with the spread of a new coronavirus infection COVID-19. Economic-statistical, abstract-logical, and economic-mathematical methods of research were used during the process of study and data processing. Results. The analysis of the current state of the tourist market by world regions was carried out. It was found that tourism is one of the most affected sectors from COVID-19, as, by the end of 2020, the total number of tourist arrivals in the world decreased by 74% compared to the same period in 2019. The consequence of this decline was a loss of total global tourism revenues by the end of 2020, which equaled $1.3 trillion. 27% of all destinations are completely closed to international tourism. At the end of 2020, the economy of international tourism has shrunk by about 80%. In 2020 the world traveled 98 million fewer people (-83%) relative to the same period last year. Tourism was hit hardest by the pandemic in the Asia-Pacific region, where travel restrictions are as strict as possible. International arrivals in this region fell by 84% (300 million). The Middle East and Africa recorded declines of 75 and 70 percent. Despite a small and short-lived recovery in the summer of 2020, Europe lost 71% of the tourist flow, with the European continent recording the largest drop in absolute terms compared with 2019, 500 million. In North and South America, foreign arrivals declined. It is revealed that a significant decrease in tourist flows leads to a massive loss of jobs, a sharp decline in foreign exchange earnings and taxes, which limits the ability of states to support the tourism industry. Three possible scenarios of exit of the tourist industry from the crisis, reflecting the most probable changes of monthly tourist flows, are considered. The characteristics of respondents from Ukraine, Germany, and the USA and their attitude to travel depending on gender, age, education level, professional status, and monthly income are presented. About 57% of respondents from Ukraine, Poland, and the United States were planning a tourist trip in 2021. Note that people with higher or secondary education were more willing to plan such a trip. The results of the empirical study confirm that interest in domestic tourism has increased significantly in 2021. The regression model of dependence of the number of domestic tourist trips on the example of Ukraine with time tendency (t) and seasonal variations (Turˆt = 7288,498 - 20,58t - 410,88∑5) it forecast for 2020, which allows stabilizing the process of tourist trips after the pandemic to use this model to forecast for any country. Discussion. We should emphasize the seriousness of the COVID-19 pandemic and the fact that many experts and scientists believe in the long-term recovery of the tourism industry. In our opinion, the governments of the countries need to refocus on domestic tourism and deal with infrastructure development, search for new niches, formats, formation of new package deals in new - domestic - segment (new products' development (tourist routes, exhibitions, sightseeing programs, special rehabilitation programs after COVID) -19 in sanatoriums, etc.); creation of individual offers for different target audiences). Conclusions. Thus, the identified trends are associated with a decrease in the number of tourist flows, the negative impact of the pandemic on employment and income from tourism activities. International tourism needs two to four years before it returns to the level of 2019.

• 한국식생활문화학회지
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• 제25권6호
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• pp.755-763
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• 2010

The purpose of this study was to select market variables that a foodservice company should consider when expanding overseas and to regional market analysis by variables. Twenty-three different variables were derived from 17 previous studies. These were: population, urbanization rate, women employed, enrollment in tertiary education, gross domestic product, value added by service, total number of mobile cellular telephone subscribers, number of internet users, total Asian highway, inward foreign direct investment, total service imports, inflation rate, international tourist arrivals, energy use by industry, growth rates of the food consumer price index, access to urban sanitation, per capita total expenditure on health, male life expectancy at birth, adult literacy rate, contributing women family workers, passenger car, and country risk assessment. The selected variables were collected as secondary data from the UN, Asian Development Bank, International Bank for Reconstruction and Development, and Michigan State University.

• International Journal of Advanced Culture Technology
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• 제11권4호
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• pp.295-301
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• 2023

Since its inception in 2009, medical tourism in South Korea has continued to progress. Reaching its peak in 2019, the industry experienced a sharp decline in inbound patients after the COVID-19 pandemic in 2020 due to international border closures and a surge in patient numbers. However, from 2021 onwards, there has been a gradual increase in inbound patients. The purpose of this study was to classify the top 12 countries based on the number of actual patients entering the country from 2014 to 2022, using statistics from the Korea Health Industry Development Institute. It also analyzed the changes in the number of foreign patients visiting Korea and the evolving proportion of actual patients compared to short-term visa arrivals on a yearly basis. Through this content, we aim to examine the trends on a country-by-country basis and identify the direction in which the future of South Korean medical tourism should progress. By focusing on healthcare, we intend to pinpoint areas that require attention and improvement, as well as highlight any existing issues. Through modifications and enhancements based on these considerations, we aspire to attract a significant number of foreign patients, thereby promoting South Korea's medical technology on a global scale.

• International Journal of Quality Innovation
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• 제9권3호
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• pp.1-14
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• 2008

Patient satisfaction with the Emergency Department(ED) in a hospital is related to the length of stay, and especially to the amount of waiting time for medical treatments. ED overcrowding decreases quality and efficiency, therefore affecting hospitals' profitability. This paper presents a forecasting and simulation model for resource management of the ED at Moses H. Cone Memorial Hospital. A linear regression forecasting model is proposed to predict the number of ED patient arrivals, and then a simulation model is provided to estimate the length of stay of ED patients, system throughput, and the utilization of resources such as triage nurses, patient beds, registered nurses, and medical doctors. The near future load level of each resource is presented using the proposed models.

• 한국항공운항학회지
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• 제22권2호
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• pp.53-59
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• 2014

Simultaneous parallel approaches in all weather conditions should be applied to manage efficiently increasing volume of air traffic flow and solve the problem of delayed arrivals. But All of the airports which have closely-spaced parallel-runways in Korea don't meet the interval-standards for IFR parallel approaches. In that regard, more accurate and safer System should be applied for the Korean airports. GNSS was adopted as an international standard of the next-generation navigation system and many studies and master plans have been activated by stages in Korea. In this paper, the current state of the domestic airports will be analyzed focusing on the interval of parallel runways and future specification of both flight operation system and air-side management will be recommended.

• 통상정보연구
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• 제10권1호
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• pp.395-414
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• 2008

The objective of this study is to introduce the concepts and theories of conditional heteroscedastic volatility models and the news impact curves and apply them to the Korea inbound tourism market. Three volatility models were introduced and used to estimate the conditional volatility of monthly arrivals of inbound tourists into Korea and news impact curves according to the three models. Results of this study are as follows. As the proportion of American tourists occupied a large amount of Korea inbound tourism market, the markets' forecasting is very important. The news impact curves which used EGARCH model (1,1) and TGARCH model(1,1), with data on these tourists to Korea showed an asymmetry effect of volatility. It was common that bad news means that it was estimated more sensitively than good news. From these results, we will notice that American tourists who visited Korea only for tourism are affected by good news. The result suggests that the Korea government and tourism industry should pay more attention to changes in the tourism environment following bad news because conditional volatility increases more when a negative shock occurs than when a positive shock occurs.

• 한국정보통신학회논문지
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• 제26권9호
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• pp.1399-1404
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• 2022

코로나 19 대유행으로 인한 언택트 시대로의 전환은 지속적으로 성장하고 있는 한국의 관광 산업을 크게 위축시켰다. 본 논문에서는 한국 문화체육관광부에서 공식 제공하는 년도별 외래관광객 실태조사 보고서 등 해외에서 유입되는 외래관광객들이 응답한 한국 관광 관련 지표들을 분석해서 코로나 발생 이전과 코로나 발생 이후 외래관광객들의 규모, 성별 비중, 방문 목적에서 매우 큰 변화가 있다는 점에 주목하였다. 실외 마스크 의무화 종료, 백신 접종과 상관없이 모든 해외 입국자들의 의무격리조치 해제와 더불어 2022년 상반기부터 급격하게 회복세를 보이기 시작한 외래관광객 규모를 고려하여 본 논문은 포스트 코로나 시대의 한국 관광에 대한 관심도는 어떻게 변화했을까를 알아보고자 하였다. 이를 위해 관광 관련 주요 검색 키워드가 코로나 이전과 이후 어떻게 변화했는가를 분석하고, 한국 관광산업의 발전을 위해 필요한 변화 조치에 대해 제시하였다.