• Title/Summary/Keyword: maturity model

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Evaluation of Site-specific Potential for Rice Production in Korea under the Changing Climate (지구온난화에 따른 우리나라 벼농사지대의 생산성 재평가)

  • Chung, U-Ran;Cho, Kyung-Sook;Lee, Byun-Woo
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.8 no.4
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    • pp.229-241
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    • 2006
  • Global air temperature has risen by $0.6^{\circ}C$ over the last one hundred years due to increased atmospheric greenhouse gases. Moreover, this global warming trend is projected to continue in the future. This study was carried out to evaluate spatial variations in rice production areas by simulating rice-growth and development with projected high resolution climate data in Korea far 2011-2100, which was geospatially interpolated from the 25 km gridded data based on the IPCC SRES A2 emission scenario. Satellite remote sensing data were used to pinpoint the rice-growing areas, and corresponding climate data were aggregated to represent the official 'crop reporting county'. For the simulation experiment, we used a CERES-Rice model modified by introducing two equations to calculate the leaf appearance rate based on the effective temperature and existing leaf number and the final number of leaves based on day-length in the photoperiod sensitive phase of rice. We tested the performance of this model using data-sets obtained from transplanting dates and nitrogen fertilization rates experiments over three years (2002 to 2004). The simulation results showed a good performance of this model in heading date prediction [$R^2$=0.9586 for early (Odaebyeo), $R^2$=0.9681 for medium (Hwasungbyeo), and $R^2$=0.9477 for late (Dongjinbyeo) maturity cultivars]. A modified version of CERES-Rice was used to simulate the growth and development of three Japonica varieties, representing early, medium, and late maturity classes, to project crop status for climatological normal years between 2011 and 2100. In order to compare the temporal changes, three sets of data representing 3 climatological years (2011-2040, 2041-2070, and 2071-2100) were successively used to run the model. Simulated growth and yield data of the three Japonica cultivars under the observed climate for 1971-2000 was set as a reference. Compared with the current normal, heading date was accelerated by 7 days for 2011-2040 and 20 days for 2071-2100. Physiological maturity was accelerated by 15 days for 2011-2040 and 30 days for 2071-2100. Rice yield was in general reduced by 6-25%, 3-26%, and 3-25% per 10a in early, medium, and late maturity classes, respectively. However, mid to late maturing varieties showed an increased yield in northern Gyeonggi Province and in most of Kwangwon Province in 2071-2100.

An Investigation of the application of VV&A on War-game Models and Proposal of VV&A Framework (각 군의 주요 워게임 모델의 VV&A 수행 실태 분석과 VV&A 프레임워크 제안)

  • Choi, Sang-Yeong;Kim, Hye-Lyeong;Cho, Jeong-Nam
    • Journal of the military operations research society of Korea
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    • v.36 no.1
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    • pp.51-64
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    • 2010
  • In this paper, we investigate and analyze the application of VV&A on the development of war-game models which were developed in Korea. Then we propose VV&A framework which comprises VV&A basic model, VV&A reference model and a supporting tool. The VV&A basic model consists of VV&A process, products and methodologies. The VV&A reference model includes VV&A check lists for each VV&A activities, an assessment model of VV&A execution level and VV&A process maturity model. The VV&A supporting tool is to document and manage VV&A products. The proposed VV&A framework can be used as the foundation of VV&A plan on its execution.

An Analysis of Actual Condition on the Fashion Model in Korea (국내 패션모델 실태 분석 (제1보))

  • Kim, Jung-Won;Bae, Jong-Kil;Shin, Sang-Won
    • Fashion & Textile Research Journal
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    • v.3 no.4
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    • pp.313-322
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    • 2001
  • This study was designed to investigate actual conditions(the types and the personal physical job related factors) of fashion model in Korea. Survey was done through questionnaire data, 194 fashion models were involved survey. The data were analyzed by using frequency, cluster analysis. The results of this study were as follows : 1) The largest sample were as follows (about personal physical related factors) : unmarried, college graduate and undergraduate, resident in the Seoul, 2-24 yrs female with 175-177 cm, 52-54 kg, B-W-H (33-24-35 inch). 2) The largest sample (about job related factors) were as follows: getting private educational institution, 1-2 yrs job experience, B grade, less than 600,000 won for salaries, 100,000-190,000 won at a stage, 5-6 yrs duration of model work, inexperience in the international fashion stage, take up a foreign language, fashion magazine for fashion source, image and look of individuality for a necessary condition. The motive for job was the concern in the job. Problems with a guarantee were pointed out for the betterment working conditions. 3) The types of fashion model were classified into 4 types : the type of lack of professionalism, the type of show off one's talents, the type of dissatisfaction with working condition, the type of maturity of professionalism.

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Study on the Evaluation of Skill Level for Aircraft Body Assembly Workers (항공기 기체 조립 작업자 숙련도 평가 연구)

  • Hyoung Geun Kwon;Chie Hoon Song
    • Journal of the Korean Society of Industry Convergence
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    • v.27 no.3
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    • pp.535-546
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    • 2024
  • This research aims to develop a model to objectively and quantitatively measure the skill level of aircraft body assembly workers. Because aircraft body assembly is predominantly a manual process, skills management is a key factor of manufacturing competitiveness. Currently, skills management relies on the subjective judgment of supervisors, which lacks objectivity and reliability. As a remedy, this study proposed a systematic skill management model based on objective and quantitative evaluation criteria. By considering prior research, we developed an evaluation model that takes into account both expertise and versatility of a worker. The model selected five major tasks required for aircraft body assembly and established evaluation criteria considering the difficulty and maturity of each task. We then conducted a pilot evaluation with over 200 workers in four SMEs to validate the practicality and effectiveness of the model. Consequently, we identified and addressed the limitations of the existing evaluation method, subdivided the skill levels based on the performance capabilities of each task, and proposed a career growth path. The developed evaluation model offers critical data for executives and managers to determine work assignments, education, training, performance incentives, and wages. It is expected to enhance the attraction of new talent and systematize skills management in aviation manufacturing in the future.

An Empirical Study on the Determinants of Supply Chain Management Systems Success from Vendor's Perspective (참여자관점에서 공급사슬관리 시스템의 성공에 영향을 미치는 요인에 관한 실증연구)

  • Kang, Sung-Bae;Moon, Tae-Soo;Chung, Yoon
    • Asia pacific journal of information systems
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    • v.20 no.3
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    • pp.139-166
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    • 2010
  • The supply chain management (SCM) systems have emerged as strong managerial tools for manufacturing firms in enhancing competitive strength. Despite of large investments in the SCM systems, many companies are not fully realizing the promised benefits from the systems. A review of literature on adoption, implementation and success factor of IOS (inter-organization systems), EDI (electronic data interchange) systems, shows that this issue has been examined from multiple theoretic perspectives. And many researchers have attempted to identify the factors which influence the success of system implementation. However, the existing studies have two drawbacks in revealing the determinants of systems implementation success. First, previous researches raise questions as to the appropriateness of research subjects selected. Most SCM systems are operating in the form of private industrial networks, where the participants of the systems consist of two distinct groups: focus companies and vendors. The focus companies are the primary actors in developing and operating the systems, while vendors are passive participants which are connected to the system in order to supply raw materials and parts to the focus companies. Under the circumstance, there are three ways in selecting the research subjects; focus companies only, vendors only, or two parties grouped together. It is hard to find researches that use the focus companies exclusively as the subjects probably due to the insufficient sample size for statistic analysis. Most researches have been conducted using the data collected from both groups. We argue that the SCM success factors cannot be correctly indentified in this case. The focus companies and the vendors are in different positions in many areas regarding the system implementation: firm size, managerial resources, bargaining power, organizational maturity, and etc. There are no obvious reasons to believe that the success factors of the two groups are identical. Grouping the two groups also raises questions on measuring the system success. The benefits from utilizing the systems may not be commonly distributed to the two groups. One group's benefits might be realized at the expenses of the other group considering the situation where vendors participating in SCM systems are under continuous pressures from the focus companies with respect to prices, quality, and delivery time. Therefore, by combining the system outcomes of both groups we cannot measure the system benefits obtained by each group correctly. Second, the measures of system success adopted in the previous researches have shortcoming in measuring the SCM success. User satisfaction, system utilization, and user attitudes toward the systems are most commonly used success measures in the existing studies. These measures have been developed as proxy variables in the studies of decision support systems (DSS) where the contribution of the systems to the organization performance is very difficult to measure. Unlike the DSS, the SCM systems have more specific goals, such as cost saving, inventory reduction, quality improvement, rapid time, and higher customer service. We maintain that more specific measures can be developed instead of proxy variables in order to measure the system benefits correctly. The purpose of this study is to find the determinants of SCM systems success in the perspective of vendor companies. In developing the research model, we have focused on selecting the success factors appropriate for the vendors through reviewing past researches and on developing more accurate success measures. The variables can be classified into following: technological, organizational, and environmental factors on the basis of TOE (Technology-Organization-Environment) framework. The model consists of three independent variables (competition intensity, top management support, and information system maturity), one mediating variable (collaboration), one moderating variable (government support), and a dependent variable (system success). The systems success measures have been developed to reflect the operational benefits of the SCM systems; improvement in planning and analysis capabilities, faster throughput, cost reduction, task integration, and improved product and customer service. The model has been validated using the survey data collected from 122 vendors participating in the SCM systems in Korea. To test for mediation, one should estimate the hierarchical regression analysis on the collaboration. And moderating effect analysis should estimate the moderated multiple regression, examines the effect of the government support. The result shows that information system maturity and top management support are the most important determinants of SCM system success. Supply chain technologies that standardize data formats and enhance information sharing may be adopted by supply chain leader organization because of the influence of focal company in the private industrial networks in order to streamline transactions and improve inter-organization communication. Specially, the need to develop and sustain an information system maturity will provide the focus and purpose to successfully overcome information system obstacles and resistance to innovation diffusion within the supply chain network organization. The support of top management will help focus efforts toward the realization of inter-organizational benefits and lend credibility to functional managers responsible for its implementation. The active involvement, vision, and direction of high level executives provide the impetus needed to sustain the implementation of SCM. The quality of collaboration relationships also is positively related to outcome variable. Collaboration variable is found to have a mediation effect between on influencing factors and implementation success. Higher levels of inter-organizational collaboration behaviors such as shared planning and flexibility in coordinating activities were found to be strongly linked to the vendors trust in the supply chain network. Government support moderates the effect of the IS maturity, competitive intensity, top management support on collaboration and implementation success of SCM. In general, the vendor companies face substantially greater risks in SCM implementation than the larger companies do because of severe constraints on financial and human resources and limited education on SCM systems. Besides resources, Vendors generally lack computer experience and do not have sufficient internal SCM expertise. For these reasons, government supports may establish requirements for firms doing business with the government or provide incentives to adopt, implementation SCM or practices. Government support provides significant improvements in implementation success of SCM when IS maturity, competitive intensity, top management support and collaboration are low. The environmental characteristic of competition intensity has no direct effect on vendor perspective of SCM system success. But, vendors facing above average competition intensity will have a greater need for changing technology. This suggests that companies trying to implement SCM systems should set up compatible supply chain networks and a high-quality collaboration relationship for implementation and performance.

A SNOWBALL CURRENCY OPTION

  • Shim, Gyoo-Cheol
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • v.15 no.1
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    • pp.31-41
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    • 2011
  • I introduce a derivative called "Snowball Currency Option" or "USDKRWSnowball Extendible At Expiry KO" which was traded once in the over-the-counter market in Korea. A snowball currency option consists of a series of maturities the payoffs at which are like those of a long position in a put option and two short position in an otherwise identical call. The strike price at each maturity depends on the exchange rate and the previous strike price so that the strike prices are random and path-dependent, which makes it difficult to find a closed form solution of the value of a snowball currency option. I analyze the payoff structure of a snowball currency option and derive an upper and a lower boundaries of the value of it in a simplified model. Furthermore, I derive a pricing formula using integral in the simplified model.

TWO APPROACHES FOR STOCHASTIC INTEREST RATE OPTION MODEL

  • Hyun, Jung-Soon;Kim, Young-Hee
    • Journal of the Korean Mathematical Society
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    • v.43 no.4
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    • pp.845-858
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    • 2006
  • We present two approaches of the stochastic interest rate European option pricing model. One is a bond numeraire approach which is applicable to a nonzero value asset. In this approach, we assume log-normality of returns of the asset normalized by a bond whose maturity is the same as the expiration date of an option instead that of an asset itself. Another one is the expectation hypothesis approach for value zero asset which has futures-style margining. Bond numeraire approach allows us to calculate volatilities implied in options even though stochastic interest rate is considered.

A Study on the Development of Strength Control Model of Concrete Structure using Maturity Method (적산온도 기법을 활용한 콘크리트구조물의 강도관리모델 개발에 관한 연구)

  • 길배수;윤종기;김재환;김정일;남재현;김무한
    • Proceedings of the Korea Concrete Institute Conference
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    • 2002.05a
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    • pp.711-716
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    • 2002
  • The purpose of this study is to develop a strength control model for application of variety internal condition at construction field. The results of this study were shown as follows ; 1) According to results of compressive strength of concrete by using equivalent age, new curve is applicable of construction field because there is similar relation with logistic curve. 2) It is shown that the construction period is shorten by reduction of the formwork removal time, because a predicted compressive strength of using the new curve is high than proposed compressive strength of standard.

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PRICING STEP-UP OPTIONS USING LAPLACE TRANSFORM

  • KIM, JERIM;KIM, EYUNGHEE;KIM, CHANGKI
    • Journal of applied mathematics & informatics
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    • v.38 no.5_6
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    • pp.439-461
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    • 2020
  • A step-up option is a newly developed financial instrument that simultaneously provides higher security and profitability. This paper introduces two step-up options: step-up type1 and step-up type2 options, and derives the option pricing formulas using the Laplace transform. We assume that the underlying equity price follows a regime-switching model that reflects the long-term maturity of these options. The option prices are calculated for the two types of funds, a pure stock fund composed of risky assets only and a mixed fund composed of stocks and bonds, to reflect possible variety in the fund underlying asset mix. The impact of changes in the model parameters on the option prices is analyzed. This paper provides information crucial to product developments.

Research on Factors Influencing Adoption of EDI in Korean Companies (한국기업의 EDI 채택요인에 관한 연구)

  • 김효근;이현정
    • Journal of the Korean Operations Research and Management Science Society
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    • v.22 no.1
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    • pp.159-182
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    • 1997
  • This study is to establish the validity of EDI adoption model Korean Companies. The research model is hypothesized in the external factors of company directly affect on EDI adoaption and the internal factors of company moderately affect on the direct effect. The external factors of company consists of economic factors, organizational power factors, and technological factor. The internal factors of company consists of the size of the company, innovative tendency of the top management, and maturity of the information technology. In the result of data analysis-the data were collected from a total of 81 companies in 6 industries adopted variables are the existence of EDI standard, transaction frequency, inter-organizational bargaining power, and pressure from industry association. Also size of the company and innovative tendency of the top management in a company's internal factors were adopted as moderate variables.

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