• Title/Summary/Keyword: local companies

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Comparative Study of Dimension Reduction Methods for Highly Imbalanced Overlapping Churn Data

  • Lee, Sujee;Koo, Bonhyo;Jung, Kyu-Hwan
    • Industrial Engineering and Management Systems
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    • v.13 no.4
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    • pp.454-462
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    • 2014
  • Retention of possible churning customer is one of the most important issues in customer relationship management, so companies try to predict churn customers using their large-scale high-dimensional data. This study focuses on dealing with large data sets by reducing the dimensionality. By using six different dimension reduction methods-Principal Component Analysis (PCA), factor analysis (FA), locally linear embedding (LLE), local tangent space alignment (LTSA), locally preserving projections (LPP), and deep auto-encoder-our experiments apply each dimension reduction method to the training data, build a classification model using the mapped data and then measure the performance using hit rate to compare the dimension reduction methods. In the result, PCA shows good performance despite its simplicity, and the deep auto-encoder gives the best overall performance. These results can be explained by the characteristics of the churn prediction data that is highly correlated and overlapped over the classes. We also proposed a simple out-of-sample extension method for the nonlinear dimension reduction methods, LLE and LTSA, utilizing the characteristic of the data.

A Study on the Application of International Hull Clauses(2003) - A Comparative on the General Average and Salvage - (국제선박보험약관의 활용 방안에 관한 연구 - 공동해손 및 구조비용에 관한 비교 분석 -)

  • Yun, Seung-Kuk;Lee, Jae-Bok
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.54
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    • pp.213-233
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    • 2012
  • International Hull Clauses(IHC(2003)) which have replaced the old system, Institute Time Clauses, Hull(ITCH), used more than 100 years in the shipping industry that did not fit the reality of the market and customs was announced in 01/11/2003 and was intended to supplement the existing issues to reflect the terms that had been used. IHC(2003) was composed of systematical and logical phrases to minimize the conflict which happened between the insured and the insurer after the incident. But IHC(2003) is being ignored by both the insured and the insurer in the shipping industry due to the differences in both positions. In addition, the studies about IHC(2003) in local academics are very low and many companies in the shipping industry are using both systems, IHC(2003) and ITCH so the usage of IHC(2003) is not so activated. Thus, this study will examines the main features and the compositions of IHC(2003) and compare IHC(2003) with ITCH(1983) in some provisions in both systems and then derive some similarities from the both systems and finally would suggest the necessity and validity of active use of IHC(2003).

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Study on the Concept and Practice of Ethical Consumption (윤리적 소비의 개념 및 실태에 대한 고찰)

  • Park, Mi-Hye;Kang, Lee-Ju
    • Korean Journal of Human Ecology
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    • v.18 no.5
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    • pp.1047-1062
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    • 2009
  • Nowadays, ethical consumers are increasing and they consider social values such as worker's human rights, environment and animal's welfare as key criteria in purchasing products. This study focused on the academic and practical research of ethical consumption, in which the needs and interests are now growing globally. This study addressed the concept, trend and practices of ethical consumption as well as seeking methods to support and promote ethical consumption. It examined the concept and types of ethical consumption from the perspective of the philosophy on ethical consumption. Ethical consumption was defined as a behavior that intended to improve the environment and the welfare of people and animals by purchasing products produced according to sound ethical principles and avoiding products that are made through the exploitation or the damage of people, animals and the environment. It also dealt with the practices of ethical consumption such as the fair trade movement, Clean Clothes Campaign, boycott, local food movement, animal's welfare movement. In conclusion, I suggested that consumers, companies, governments, and NGOs should make an effort to promote ethical consumption.

Dynamics of Global Distribution after Initial Entry

  • Park, Young-Eun
    • Journal of Distribution Science
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    • v.15 no.12
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    • pp.5-19
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    • 2017
  • Purpose - This study involves the following questions: "Does internalization theory fully explain reality?" and "Which additional factors may add extra value to the theory?" To answer these, this study divides market entry mode into two steps, initial and subsequent and then, focuses on the subsequent distribution step; that is, the post-entry strategy after initial entry. In addition, this study relies on finding strategic orientations that affect the decision of post-entry into foreign markets. Research design, data, and methodology - To investigate this, this study examines 252 cases of Korean online games for each foreign market and the distribution mode at the product-team level. Results - The result shows that companies use different distribution strategies as a post-entry mode, like licensing, or joint distribution rather than exclusive distribution, through subsidiaries even if they already have wholly owned local subsidiaries which have enough experience and resources to select the entry modes among various types and then provide full commitment and control. Additionally, it finds that strategic orientation affects post-entry strategies differently. Conclusions - Therefore, this study is noteworthy and significant, as it practically extends the existing theories such as an internalization and distribution for decision making regarding the overseas expansion of entertainment businesses.

Why More Flood Disasters are Occurring (New Zealand Examples & Solutions)

  • Smart, G.M.;Mckerchar, A.I.
    • Proceedings of the Korea Water Resources Association Conference
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    • 2008.05a
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    • pp.33-39
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    • 2008
  • Most New Zealanders reside in coastal regions and four of the larger cities are situated on active floodplains. There have been many recent storm events with rainfall AEPs of 1/150 or rarer and there have been recent flood-related disasters. Insurance claim statistics indicate that the frequency of floods is increasing. Such statistics are alarming local government authorities, insurance companies and populations in low-lying areas. The underlying physical and hydrologic causes of the flood disasters are investigated. It is found that the present numbers of rare rainfall events are not unexpected and there does not appear to be any significant trend evident in the occurrence of river floods. What is revealed is that the river floods appear clustered in certain decades. The clusters do not occur at the same times in different parts of the county. Recently there have been more floods in the north of New Zealand which is where more of the population lives. Also, the increase in population has seen more houses built in locations prone to flooding. Thus the increase in flood-related insurance claims is attributed to more people getting in the way of floods, rather than an increase in the number of floods that have occurred.

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South Korea's Shipbuilding Industry: From a Couple of Cathedrals in the Desert to an Innovative Cluster

  • Hassink, Robert;Shin, Dong-Ho
    • Journal of Technology Innovation
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    • v.13 no.2
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    • pp.133-155
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    • 2005
  • After the publication of the competitive advantage of nations by Porter in 1990, the competitiveness of regional concentrations of industries has been often explained by the cluster concept. There are many definitions of clusters, but they mainly boil down to a geographically proximate group of interconnected companies and associated institutions in a particular field, linked by commonalities and complementarities. The shipbuilding industry in Korea can for sure be regarded as a competitive industry, as the spectacular rise of its world market share from 2% in the early 1970s to the current 38% impressively testifies, but can it be considered a cluster? Based on an analytical framework consisting of a typology of clusters and a context-sensitive evolutionary approach, the paper will show that over the last thirty years Korea's shipbuilding developed from a mere number of isolated, large shipyards (cathedrals in the desert) established by large conglomerates (chaebol) in close collaboration with the central government into an innovative cluster. The cluster is on the one hand characterised by a strongly developed supply industry and specialised universities and research institutes, but on the other hand by a weak, yet increasing role for local and regional institutions The specific and context-dependent characteristics of this innovative cluster are more important explanations for its competitiveness than the financial interventions by the central government, which are repeatedly put forward by European policy-makers in their trade war with Korea.

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Business Collaborative System Based on Social Network Using MOXMDR-DAI+

  • Lee, Jong-Sub;Moon, Seok-Jae
    • International Journal of Advanced Culture Technology
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    • v.8 no.3
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    • pp.223-230
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    • 2020
  • Companies have made an investment of cost and time to optimize processing of a new business model in a cloud environment, applying collaboration technology utilizing business processes in a social network. The collaborative processing method changed from traditional BPM to the cloud and a mobile cloud environment. We proposed a collaborative system for operating processes in social networks using MOXMDR-DAI+ (eXtended Metadata Registry-Data Access & Integration based multimedia ontology). The system operating cloud-based collaborative processes in application of MOXMDR-DAI+, which was suitable for data interoperation. MOXMDR-DAI+ applied to this system was an agent effectively supporting access and integration between multimedia content metadata schema and instance, which were necessary for data interoperation, of individual local system in the cloud environment, operating collaborative processes in the social network. In operating the social network-based collaborative processes, there occurred heterogeneousness such as schema structure and semantic collision due to queries in the processes and unit conversion between instances. It aimed to solve the occurrence of heterogeneousness in the process of metadata mapping using MOXMDR-DAI+ in the system. The system proposed in this study can visualize business processes. And it makes it easier to operate the collaboration process through mobile support. Real-time status monitoring of the operation process is possible through the dashboard, and it is possible to perform a collaborative process through expert search using a community in a social network environment.

A Study of raw materials loss prevention measurement based on IP Camera and RFID Box (IP Camera와 RFID Box를 이용한 원자재 유실 방지 방안 연구)

  • Choi, Kyong-Ho;Kim, Kuinam J.
    • Convergence Security Journal
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    • v.15 no.3_2
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    • pp.71-76
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    • 2015
  • Global companies are building global production network for the demand of the global market. However, the establishment and operation of overseas plants make the unexpected case like theft, low will to produce and salary issue of local workers. Thus in this paper, we propose the raw materials loss prevention model based on IP Camera and RFID Box for raw materials management of overseas plants. This model can prevent the theft or loss of raw materials write inventory up in real-time. This model can be allows us to realize the cost-effective production management because it enables remote inventory management. And this model can prevent brand image danage and profit loss due to reject product.

Networks, Embeddedness and Success Factors of the Companies in Daedeok Technovalley of Daejeon in Korea (대덕테크노밸리 입주기업의 착근성과 기업성과에 관한 연구)

  • Shin, Dong-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.16 no.1
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    • pp.37-49
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    • 2013
  • This paper investigates social networks of high technology firms, located in a newly developed industrial area, called 'Daedeok Technovalley' in Daejeon, Korea. While the Vally was developed as an extension of Daedeok Science Park in Daejeon, it host 400 or so technology-intensive firms. A questionnaire survey was conducted to collect data on the firms of the Vally, during January 2010, and obtained 201 completed questionnaires. Additional data, such as sales amount and employment, were collected to measure the changes of firm size. This research analysed these data to argue that the enterprises have established some networks with local institutions; however, the networks do not significantly affect on the growth of the firms.

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Prediction of Fatigue Life Using Dynamic Simulation and Finite Element Anlaysis for Construction Equipment (중장비의 동적시뮬레이션과 유한요소법을 이용한 피로수명에측)

  • Kwon, Soon-Ki;Park, Hyung-Jin
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.20 no.5
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    • pp.1392-1400
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    • 1996
  • The need of companies shorten the design-to-manufacturing process for new products with improved quality in cost effective manner places increasing demends on engineers to simulate the performance characteristics of a design before it is built of a prototype is developed. For theses demands CAE(Computer-Aided Engineering) offers engineers not only giving confidence of their design but also eliminating potential errors due totesting prototypes in small numbers. This paper present the method to predict the fatigue life using dynamics simulation and FEA(Finite Element Analysis) for construciton equipment in the computer before building prototype. The dynamicsimulatio is to get the load-time history corresponding to the maneuvering and driving of the construction equipment. The FEA is to build a model of the structure and then analyse to define the local stress response to applied loadings using linear static analysis.