• Title/Summary/Keyword: stock enhancement

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Economic Effectiveness of the Olive Flounder (Paralichthys olivaceus) Fry Releasing Program in Korea (넙치 종묘방류사업의 경제적 효과분석)

  • Seo, Ju-Nam;Paek, Jin-Yi;Kim, Do-Hoon
    • Ocean and Polar Research
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    • v.32 no.4
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    • pp.483-488
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    • 2010
  • Since 2000 fry releasing programs in Korea have significantly expanded in order to support the commercial fishing industry through recruitment enhancement of targeted species. Here we investigate the economic effectiveness of the Olive flounder (Paralichthys olivaceus) fry releasing program in Korean waters. The market survey method was used in our analyses. Results show that the B/C ratio, as an indicator of economic evaluation, is 2.56 in the East Sea region, 9.45 in the South Sea region, and 1.34 in the West Sea region, which indicates that the fry releasing program is economically feasible but the economic effectiveness varies from region to region.

A Study on Hybrid Track Circuit Tag Recognition Enhancement (하이브리드 궤도회로 태그 인식율 향상에 관한 연구)

  • Yang, Dong-In;Li, Chang-Long;Jin, Zhe-Huan;Lee, Key-Seo;Ko, Yun-Seok
    • The Journal of the Korea institute of electronic communication sciences
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    • v.9 no.4
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    • pp.537-542
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    • 2014
  • Track circuit is a simple electrical device which lies in the connection of the two rails by the wheels and axle of locomotives and rolling stock to short out an electrical circuit, used to detect the absence of a train on rail tracks. In railway signaling system, there are similar systems such as RFID and wheel sensor, GPS etc, are research and developing. Hybrid track circuit is using RFID antenna and reader on the cab and RFID tag on the sleeper. because of the safety in railway operation, tag detection of train position detection function in the hybrid track circuit needs high reliability. This paper studied tag recognition enhancement used tag angles.

Inventory Investment and Business Cycle: Asymmetric Dynamics of Inventory Investment over the Business Cycle Phases (재고투자와 경기변동: 재고투자 동학의 경기국면별 비대칭성)

  • Seo, Byeongseon;Jang, Keunho
    • Economic Analysis
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    • v.24 no.3
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    • pp.1-36
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    • 2018
  • When it comes to explaining the relationship between inventory investment and business fluctuations, the production smoothing theory and the stock-out avoidance theory take contradictory stances. Decision-making related to inventory investments of corporations is thought to be influenced by both motives, but the relative sizes or directions of their respective influences can differ depending upon the phase of the business cycle. Against this backdrop, this paper differs from existing studies in that it theoretically tests the relative significances of the production smoothing and stock-out avoidance motives in the inventory investment dynamics, while placing its analytical focus on determining the existence and patterns of the asymmetric dynamics of inventory investment over the business cycle phases. To this end this paper sets up a non-linear model that is expanded from the existing linear inventory investment model, and checks whether its predictive power is better than that of the existing model. The results of analysis confirm the nature of the asymmetric dynamics of inventory investment over the business cycle phases. A stock-out avoidance motive appears but there is no significant production smoothing motive in boom times. In downturns, in contrast, the stock-out avoidance motive is insignificant, but a quality of asymmetric dynamics in which changes in inventory cause the deepening of recessions, due to the non-convexity of production costs proposed by Ramey (1991), is detected. This paper confirms that a model considering the asymmetric dynamics of inventory investment can have better predictive power than one that does not consider it, through within-sample and out-of-sample predictions and various predictive power tests. These research results are expected to be useful for economic forecasting, through their enhancement of the understandings of the inventory investment dynamics and of the nature of its business cycle destabilization.

A study on the ecosystem-based resource management system of self-regulatory community fisheries (자율관리 마을어업의 생태계 기반 자원관리시스템 연구)

  • Park, Hee-Won;Zhang, Chang-Ik
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.44 no.4
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    • pp.345-352
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    • 2008
  • A self-regulatory community fisheries management program in Korea is designed to enhance fisheries resources, to protect fishing grounds of self-regulatory communities, and to manage their fisheries resources by their own regulations and knowledge. This study explored an applicable ecosystem-based management plan based on the scientific investigation and analysis. This study suggested objectives, indicators and reference points of the ecosystem-based resource management system which are applicable to selfregulatory community fisheries. The objectives of the management system are to maintain sustainable fisheries production, to maintain optimum fishing intensity, to reduce by-catch, to conserve spawning ground and habitat, to maintain optimum habitat environment, to increase/maintain abundance of prey species, to increase/maintain stock biomass, and to conduct stock enhancement on the basis of scientific assessment. The improved methods for the assessment and management are introduced by demonstrating a self-regulatory fishery which targets on hen clam in Dong-li fishing village in Busan.

Recycling of Wastepaper(12) -Froth-Flotation Conditions for Enhancement of Fines Fractionation Selectivity and Efficiency- (고지재생연구(제12보) -부상부유 처리의 미세분 분급 선택성과 효율 상승을 위한 처리조건-)

  • 여성국;류정용;신종호;송봉근;서영범
    • Journal of Korea Technical Association of The Pulp and Paper Industry
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    • v.33 no.1
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    • pp.16-23
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    • 2001
  • Hydraulic transport of fines up to the surface of flotation cell was supposed to be a mechanism of fines fractionation through the froth-flotation. Efficient fractionation of fines means efficient skimming out of flotation rejects as much as possible with least long fiber loss. The selectivity of fines fractionation was found to be mainly affected by long fibers flocculation degree in this study. Lack of sufficient flocculation of long fibers could lead to extensive loss of long fibers. It was also found that higher flotation flux caused higher flotation reject as well as the increase of long fiber loss, but did not affect the fine content ratio in the flotation reject. We controlled the flotation flux and the stock consistency, and chose a cationic polymer to maximize the flocculation of long fibers and to increase the amount of flotation reject. The highest efficiency of fines fractionation was obtained at 1.3% of stock consistency and at 100L/min of flotation flux in our experimental set up. The cationaic polymer we chose was found to be very effective in fiber flocculation and flotation froth stabilization. New definitions of fractionation efficiency were introduced in this study to compare the results more clearly.

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The study on Topology Optimization for Crashworthiness enhancement in Protective shell frame of Rolling Stock leading-cab (철도 차량 전두부 충돌 피해 저감을 위한 Protective shell frame의 위상 최적화에 관한 연구)

  • Kim, Hyun-Jun;Kim, Se-Hoon;Jung, Hyun-Seung;Kwon, Tae-Su;Suh, Myung-Won
    • Proceedings of the KSR Conference
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    • 2007.05a
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    • pp.138-143
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    • 2007
  • The leading-cab (high energy absorption area) of rolling stock directly is impacted on the frontal crash unlike other cabs. Thus, leading-cab has a structurally complex shape to solve getting concentrated loads. However, in order to enhance structural performance and to achieve the weight reduction of cab, changing the sizes and adjusting the distance of members do not take an effective result. Therefore, in design phase, to find the material arrangement which helps structural capacity be better should be done. This research applies the topology optimization to concept design of protective shell frame on strategy of crush energy absorption with considering pressure and vertical loads acting on the principal part of leading-cab. In this research, topology optimization method focuses on structural design, and which yields optimal material arrangement under given loads and boundary conditions using density method which has the density of material as design variables. Finally, this research presents optimal material arrangement and structure of protective shell frame on given loads with applying topology optimization.

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A Study on the Reorganization of the Management System in Korean Inland Fisheries (내수면 어로어업의 동향과 재편과제에 관한 연구)

  • Kim, Dae-Young;Lee, Jung-Sam
    • Journal of Fisheries and Marine Sciences Education
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    • v.19 no.1
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    • pp.34-52
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    • 2007
  • This study analyses the management and utilization of Korean inland fisheries and suggests directions for reorganizing the fisheries in order to achieve qualitative growth. Inland fisheries developing into a unique fishery according to various aquatic systems in different areas have played various roles such as the efficient use of aquatic resources, development of local areas and economy vitalization in under-developed local areas. However, recently Korean inland fisheries are facing a lot of difficulties due to the circumstantial changes surrounding the fisheries. Even though it is difficult to expect the external expansion of the Korean inland fisheries, we could expect qualitative internal growth by achieving the sustainable management and aquatic ecosystem health. Therefore, this study suggests the followings in order to achieve the qualitative growth of the Korean inland fisheries : first, construction of integrated management system according the aquatic systems ; second, organization of fishermen's interest groups such as cooperatives or associations in order to increase the competitive advantage and spread voluntary fisheries management ; third, boosting stock enhancement through systematic stock assessment and stocking ; fourth, expansion and activation of administrative system and research organizations.

Enhancement of settlement of artificially released abalone, Haliotis discus hannai (참전복(Haliotis discus hannai) 방류효과 향상을 위한 연구)

  • Kim, C.W.;Jeong, D.S.
    • Journal of Practical Agriculture & Fisheries Research
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    • v.16 no.1
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    • pp.143-154
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    • 2014
  • Settlement of artificially released abalone, Haliotis discus hannai at the marine farming area in Jeollanam-do in 2007 was very efficient by showing the recapture of 2.0-5.2 ind./m2 and the survival rate of 60-67%. The growth of shell after 1 year was highest in Hwoenggando by 75.9 mm and the lowest in Hwasan by 64.6 mm. Our result especially showed that the effect of the stock recruitment was the most efficient when abalone was released. The shell growth of the released abalone was better when sea mustard (Undaria sp.) was provided as food (shell length was up to 23.9 mm) or predators were periodically removed (shell length was up to 23.8 mm) in order to enhance the effect of the artificial release than the control group. The recapture rate was also higher than the control. However due to the difficulty of managing the release areas, it will be more efficient to release the recruited stocks after considering various biological and ecological factors such as survey of suitable release areas, stock size, release density, and health of stocks.

Running Safety Analysis of Railway Vehicle Depending on Railway Inclination Change Under Actual Track Conditions (실제 선로조건에서의 레일 경좌 변화에 따른 철도차량의 주행안전성 해석)

  • Kim, Moon Ki;Eom, Beom Gyu;Lee, Hi Sung
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.37 no.11
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    • pp.1437-1443
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    • 2013
  • Railways are currently subject to the enforcement of speed limits for each curve as prescribed by the Railway Operating Rules in Korea. However, research is required to determine the maximum speed of trains passing through each curve that allows them to run without the risk of derailment in relation to the speed enhancement of existing railway tracks. In addition, factors affecting the running safety of railway vehicles can be classified into those in terms of vehicle aspects and those in terms of track aspects. This study sought to analyze the running safety of railway vehicles according to changes in the inclination of the rail from among the factors affecting the enhancement of safety against derailment. To increase the speed of trains passing through curves that have high derailment risk, this study also analyzed the running safety of railway vehicles according to the inclination of the rail and changes in running speed while a vehicle passes through each curve section in both the up and the down train line sections between Namsunghyun and Chungdo, which represent the actual conditions of railway tracks.

An Investigation of Trading Strategies using Korean Stocks and U.S. Dollar (국내 주식과 미 달러를 이용한 투자전략에 관한 연구)

  • Park, Chan;Yang, Ki-Sung
    • Asia-Pacific Journal of Business
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    • v.13 no.2
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    • pp.123-138
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    • 2022
  • Purpose - This study compares the performances of dynamic asset allocation strategies using Korean stocks and U.S. dollar, which have been negatively correlated for a long time, to examine the diversification effects in the portfolios of them. Design/methodology/approach - In the current study, we use KOSPI200 index, as a proxy of the aggregated portfolio of Korean stocks, and USDKRW foreign exchange rate to implement various portfolio management strategies. We consider the equally-weighted, risk-parity, minimum variance, most diversified, and growth optimal portfolios for comparison. Findings - We first find the enhancement of risk adjusted returns due to risk reduction rather than return increasement for all the portfolios of consideration. Second, the enhancement is more pronounced for the trading strategies using correlations as well as volatilities compared to those using volatilities only. Third, the diversification effect has become stronger after the global financial crisis in 2008. Lastly, we find that the performance of the growth optimal portfolio can be improved by utilizing the well-known momentum phenomenon in stock markets to select the length of the sample period to estimate the expected return. Research implications or Originality - This study shows the potential benefits of adding the U.S. dollar to the portfolios of Korean stocks. The current study is the first to investigate the portfolio of Korean stocks and U.S. dollar from investment perspective.