• 한국유통학회지:유통연구
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• 제16권5호
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• pp.123-140
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• 2011

본 연구에서는 7개 대형유통업체 신선식품(농산, 수산, 축산, 가공식품) 구매담당자(Merchandiser, MD)를 대상으로 구매 행태를 분석하였다. 특히 대형유통업체의 산지 공급업체와의 거래 특성과 산지 직구입 특성을 중점적으로 분석하였다. 대형유통업체 구매담당자 설문조사 결과, 산지 공급업체 선정시 안정적인 물량 공급, 품질관리, 적극적인 경영마인드, 저렴한 가격, 차별화 상품 제안 순으로 중요하게 보았다. 산지 직구입과 관련하여 직구입 거래대상에 대한 선호도가 기존의 주요 거래대상인 벤더업체와 도매시장보다 높았고, 직구입 거래대상 중에는 영농조합 법인(농업번인 포함)을 가장 선호하고, 그 다음이 농협중앙회, 단위농협순이다. 공급 업체와의 거래에서 대형유통업체 구매담당자는 2년 이상 장기간 거래를 선호하고, 계약가격 결정시에는 시장시세(50.9%), 생산원가(31.2%) 및 동업계 판매가(18.0%)를 활용하였다. 산지 유통조직이 소비지 유통환경의 변화에 적극적으로 대응하기 위해서는 농산물 생산의 조직화, 규모화 및 유통 채널의 전문화 전략이 필요하다. 공급 시스템의 지속성과 안정성이 요구되어 생산조직 간 연계를 통한 연중 공급 가능한 대응 체계 구축 역시 중요하다. 또한 시장 교섭력 강화를 위한 노력으로 소비지 다양한 시장 정보 수집도 놓치지 말아야 할 것이다.

• 호남수학학술지
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• 제32권1호
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• pp.101-112
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• 2010

Using some interesting convolution, we find kernels recovering the given function f. By a slight change of this convolution, we obtain an identity filter related to the Fourier series in the discrete time domain. We also introduce some techniques to decompose an impulse into several dilated pieces in the discrete domain. The detail examples deal with specific constructions of those decompositions. Also we obtain localized moving averages from a decomposition of an impulse to make hybrid Bollinger bands, that might give various strategies for stock traders.

• Journal of the Korean Data and Information Science Society
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• 제21권4호
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• pp.777-782
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• 2010

We introduce some techniques to decompose the impulse (the unit sample) into several dilated pieces in the discrete time domain. From the decomposition of the impulse, we obtain localized moving averages. Thus we construct hybrid Bollinger bands that may give various strategies for stock traders. By simulations, we report that more than 94% of stock prices of companies in KOSPI 200 are inside this hybrid Bollinger band.

• 한국가금학회지
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• 제12권1호
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• pp.45-50
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• 1985

본 연구는 우리나라의 계란 유통현황을 조사하기 위하여 서울근교, 대전근교, 광주근교, 부산근교에 소재하고 있는 수집상 8개소, 도배상 16개소, 소매상 12개소 및 슈퍼마켓 6개소를 대상으로 설문서를 작성하여 설문조사하였고 그 결과를 계란의 유통규격 설정을 위한 기초자료를 얻고자 실시하였다. 1. 계란의 중량별 구분은 생산자가 주로 실시하며 이 계란의 유통가격은 유통단계별로 2-3원 차가 있었으며 왕란 및 특란은 가정소비가 많았고 대란은 음식점과 가정집에서 그리고 중란과 소란은 음식점에서 주로 소비하고 있다. 2. 소비자 측면에서 볼 때 갈색란을 개당 1.5원씩 더 주고 구입하는 경향이 있었고 중량별 구분은 대체로 믿고 있었다. 3. 소비자의 계란 1회구입량은 30개 주였으며 포장할 경우 10개 단위의 포장을 희망하고 있으며 10개의 포장비용은 10-20원이었고 포장판매를 원하고 있는 비율이 55-64% 정도나 되었다. 4. 유통상인이 구입한 계란은 7일이내에 대부분 판매하고 있으며 계란이 가장 많이 판매되는 계절은 가을이며 G. P센타가 필요하다고 생각하는 비율이 36.4%나 되었다.

• 경영과학
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• 제32권4호
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• pp.57-67
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• 2015

It is a familiar Wall Street adage that "It takes volume to make prices move." Numerous researches have found the positive correlation between trading volume and price changes. Recent studies have documented that informed traders have strong influences on stock market prices through their trading with distinctive information power. Ever since 1992 capital market liberalization in Korea, it is said that foreign investors make consistent profits with their superior information and analytical skills. This study aims at whether we can make a profitable trading strategy by using the foreign investors' trading information. We analyse the relation between the KOSPI index returns and the foreign investors trading volume using GARCH models and VAR models. This study suggests the profitable trading strategies based on the documented relation between the foreign investors' trading volume and KOSPI index returns. We simulate the trading system with the real stock market data. The data include the daily KOSPI index returns and foreign investors' trading volume for 2001~2013. We estimate the GARCH and VAR models using 2001~2011 data and simulate the suggested trading system with the remaining out-of-sample data. Empirical results are as follows. First, we found the significant positive relation between the KOSPI index returns and contemporaneous foreign investors' trading volume. Second, we also found the positive relation between the KOSPI index returns and lagged foreign investors' trading volume. But the relation showed no statistical significance. Third, our suggested trading system showed better trading performance than B&H strategy, especially trading system 2. Our results provide good information for uninformed traders in the Korean stock market.

• 무역상무연구
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• 제69권
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• pp.85-105
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• 2016

The fact that one of the parties to the sale contract has had to pay demurrage to the shipowner under LD clauses in the charterparty does not of itself mean that he can recover that loss from his sale counter party under the sale contract: the route to such recovery is through express clauses in the sale contract itself. LD clauses in a sale contract stand free and independent of their counterparts in the relevant charterparty. LD clauses in a sale contract should be construed and applied as clauses in sale contracts, not as adjuncts to charterparties. Their interpretation should therefore be coloured not by decisions on laytime and demurrage in charterparties, but by their relationship to the contractual duties of CIF and FOB sellers and buyers. The results discussed here have implications for the drafting of LD clauses in sale contracts. If unwelcome surprises are to be avoided, it seems to advisable to start from the principle: what exactly do traders want or need in LD clauses. They need a clause which covers them against charterparty losses where those losses are the result of dealy caused by the counterparty to the sale contract. The parties to the sale contracts are well advised to prepare LD clauses concentrating on that purpose and bearing in mind the followiing questions. First, should the loading and discharge code in the sale contract appear in traders' or trade associations' standard terms and conditions or should they be left to ad hoc negotiation in contract sheets? Second, should that code be as complete as possible, covering loading or discharge periods or rates, demurrage and despatch, or is it enough for only some of those matters to be covered explicitly, leaving other matters to be governed" as per charterparty"? Third, does the introduction or incorporation of a stipulation for the giving of a notice of readiness make the start of laytime more or less predictable as between seller and buyer? Finally should a loading and discharge code in a sale contract actully be called a "laytime and demmurrage clauses"?

• 한국정보과학회논문지:소프트웨어및응용
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• 제32권8호
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• pp.693-703
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• 2005

본 논문에서는 패턴 기반의 다수의 주가 예측 모델에 기반한 지역 투자자의 효율적인 결합을 통해, 거래 성능을 최대화 할 수 있는 동적 자산 할당 기법을 연구하였다. 각 예측 모델이 추천한 후보 종목에 효과적인 거래 대금 비율을 할당하는 메타 정책(meta policy)이라는 자산 할당 정책을 강화 학습 틀내에서 정의하였다. 이를 위해 각 예측 모델의 추천 종목 수와 전체 자산 대비 주식 자금 비율을 동시에 활용하는 상태 공간을 설계하였다. 대한민국 주식 시장에 대한 시뮬레이션 실험을 통해, 본 논문에서 제안한 자산 할당 정책은 기존의 고정 자산 할당 방법들에 비해 우수한 성능을 보임을 제시 하였다. 이는 강화학습을 통한 지역 투자자의 결합을 통해 의사 결정 문제에서 감독자 학습 기법으로 학습된 예측 모델의시너지 효과를 거둘 수 있음을 의미한다.

• 한국융합학회논문지
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• 제8권11호
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• pp.383-391
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• 2017

본 연구는 2003~2014년 기간 동안 원유, 동, 그리고 밀 선물시장에서 투기거래자들의 투자심리와 가격 움직임 간의 관계를 그랜저(Granger) 인과관계검정을 사용하여 분석하였다. 분석 결과, 대체적으로 각 선물시장에서 투기거래 포지션은 수익률을 예측하는데 도움이 되지 못했으며, 역으로 시장수익률이 투자자들의 투자심리에 영향을 미치는 것으로 나타났다. 이러한 결과는 가격상승기와 재상승 후 완만한 하락기에서 더욱 두드러진 경향을 보였다. 한편, 원유 및 동 선물시장의 가격하락기에서는 투자심리지수 변화가 양(+)의 방향으로 수익률을 예측하는 것으로 나타났는데, 이는 가격하락기에는 투자심리가 악화됨에 따라 가격의 하락폭이 더욱 확대되는 현상에 부합하는 결과이다. 투기거래 포지션이 시장가격에 미치는 영향은 뚜렷하지 않으므로 선물시장의 투기거래에 대한 정책당국의 과도한 규제는 바람직하지 않으나, 가격하락기에는 투기거래자들의 매도거래나 지수거래자들의 포지션 청산이 가격하락을 더욱 부추길 수도 있으므로 포지션 제한을 강화하는 등의 적절한 대책이 강구될 필요가 있다.

• 무역상무연구
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• 제13권
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• pp.657-677
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• 2000

Since January 1, 1999, traders, bankers and their counsels worldwide have available for their use the first set of rules exclusively dealing with standby letters of credit:the International Standby Practices(ISP98). Numerous standbys have alreadby been issued in the United States and worldwide subject to the new ISP. The international banking community is anticipating an increasing demand from their customers to issue ISP-governed undertakings. Before the adoption of ISP, traders and bankers had only the choice of issuing their standby subject to the International Chamber of Commerce's(ICC) Uniform Customs and Practices for Documentary Credits(UCP) and, to a much lesser extent, to the ICC's Uniform Rules for Demand Guarantees(URDG). However, practice showed that UCP rules are not easily adapted to regulate transnational standbys. Indeed, UCP was conceived to govern documentary credits, which are intended to serve as a means of payment. By contrast, standbys are means of guaranty. The core of UCP cannot therefore be appropriate for standby practices and, as a consequence, a number of UCP's provisions have to be excluded in the standby's text. UCP's shortcomings indicated above fulfil the requirements of a key factor for the success of uniform rules. Indeed, to achieve success in the sense of meeting the market's acceptance, any such rules should fill a widely recognized need expressed by merchant community to which such rules are addressed. The ISP cleary has such a vocation. Nonetheless, the already largely encumbered regulatory environment of guarantee devices can hardly go unnoticed. The question therefore arises as to the proper place of ISP in such a context.

• 무역상무연구
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• 제13권
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• pp.3-26
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• 2000

The International Chamber of Commerce published the millennium edition of its standard trade definitions, Incoterms 2000. Incoterms are a basic reference for sales contracts, in constant daily use throughout the world. The new version will make it easier for traders to do business in the new century, despite the growing volume and complexity of international transactions. Since Incoterms were first published in 1936, they have been updated six times. They precisely define the responsibilities of buyer and seller and are recognized as the international standard by customs authorities and courts in all the main trading nations. It is important for traders to incorporate the correct Incoterms into their international contracts to avoid unnecessary legal problems. Courts may otherwise interpret trade terms according to often widely divergent national laws and unless the use of Incoterms is specified, expensive legal disputes can arise. Division of costs is a most important element in every contract of sale. The parties must know not only who does what but also how costs resulting therefrom should be divided between them. In most cases the fact that a party must do something means that he must also bear the resulting costs, unless otherwise agreed. But there are many exceptions to this principle and uncertainties arise, particularly with respect to services performed by other parties. Also, difficulties arise with respect to the division of costs whenever additional costs are caused by unexpected events, such as hindrances causing a ship to deviate or to remain in a seaport longer than expected. The main principle of the division of costs is clear enough: the seller has to pay costs necessary for the goods to reach the agreed point of delivery, and the buyer has to pay any further costs after that point. But as noted, it is not always easy to implement this principle in practice, since the detailed distribution of functions under the various trade terms is not and cannot be fully defined in Incoterms. Instead, failing precise stipulations in the contract of sale, guidance must be sought from other criteria such as commercial practices used earlier by the same parties or the custom of trade.