Earticle

Enterprise must establish a properly competitive strategy according to environmental changes and international competitions. It is necessary to develop the strategy of competitive power for an efficient operation as well as system, industry, product and price competitions. This paper aims to propose a choice method of Competitive Power Key Factors which can be applied to unit parts and finished products, construction products, soft wear products based on Reliability.

Special, high technology developments and systems improvements become more necessary as the industrial society is becoming complex. When some systems are developed, it is common that developed systems have low-reliability in infant period. Some developed systems need tests to improve their reliability up to the respected level before adapting them. This paper aims at showing the testing program including the reliability growth model for reliability improvement of the Light Rail Transit

This study presents a method of quality category classification by safety, maturity, complexity, and what types and extent of controls and verifications are applied to specific products and services during the various stages of a nuclear facility life cycle. All products, services and processes have various controls and verifications built in to ensure they perform their functions satisfactorily. The highest grade should require the most stringent application of the quality assurance requirements ; while, the lowest grade should require the least stringent. When products or services are modified, the assigned grade of quality assurance requirements could become more stringent or less stringent depending on the significance in nuclear safety. Applying QA program always costs money, and they should be applied and focused to the extent where necessary and not applied or applied to a lesser degree for less important activities. An efficient QA program should be developed to satisfy the necessary requirements and to ensure the required confidence in quality, but without unnecessary stipulations. Not all the requirements of QA standard must be applied identically to all products and services which are to be provided.

Safety in the laboratory has been a growing interest due to recent recurrences of the fatal accidents such as physical or chemical explosions. It is not easy to determine, to what extents the industrial safety and health law should apply the laboratory. Most laboratory workers are not sufficiently trained and recognized for the generic features of safety and health. The actual conditions of safety and health in the laboratory are not appropriate for laboratory workers. Safety and health in the laboratory is unfortunately in the dead ground. Therefore, it is most imperative to secure safety in the laboratory. This study proposes a method to improve safety in the laboratory.

The Study lay Emphasised on to Investigate Human Related Causes of a Pointed End Equipment Accident and the Basic data for Analyzing Human-Error Prevention Program. Peter Son's Model of Human-Error Accident Causation and Cooper's Model of Safety Culture Were Applied to Analyze the Severe Cause of a Pointed End Equipment for Last 5 Years. Through to Analyzing the Cause of Equipment Accident of Human-Error, Expert's Opinion and Experience theory Method was Reflected. The Analyses Showed What the Immature and Inexperient Error Were Major Causes of a Pointed and Equipment Accident The Cause of Human-Error was Found with Respect to Human, Tasks, Acknowledge, Organization.

In the country, already a 400 species and some Interchanges of different Section of Industry have been organized and a number of related industry come to a 4000 species. But in the present, Interchanges of different Section of Industry stay at a form of a friendly society as yet. In this study, we will be helpful to activity of Interchanges of different Section of Industry by concretely suggestion of the utility operation method of Interchanges of different Section of Industry in the many-sided point.

이 논문은 과거의 산업 포트폴리오 수익률이 어떻게 확률추세(stochastic trend)로부터 전체 주식시장과 두 가지 거시경제 변수(경기동행지수와 산업생산)들을 예측할 수 있는 지를 알아보는 데에 초점을 두고 있다. 먼저, 산업들의 포트폴리오 수익률과 전체 주식시장 수익률이 VAR모형을 토대로 볼 경우 Granger 인과관계를 갖고 있는지를 살펴보았다. 이 분석의 결과에서 건설, 금속, 무역, 반도체, 보험, 비금속광물, 서비스, 섬유, 식료, 운수/창고, 유통, 의류, 자동차부풀, 전기전자, 정유, 조선, 종이/목재, 증권, 컴퓨터, 통신, 화학 등 21개 업종은 각 산업별 포트폴리오 수익률이 전체 주식시장 수익률을 수준에서 통계적으로 유의한 영향을 주고 있음을 알 수 있었다. 이들 21개의 산업별 포트폴리오 수익률은 경제적으로도 중요한 의미를 지니고 있다. 즉, 당월(t)의 비금속광물과 정유, 금속 포트폴리오 수익률 등은 다음 월(t+1)의 전체 주식시장 수익률과 음(-)의 상관관계를 갖고 있는 것을 알 수 있었다. 이는 역사적인 데이터를 살펴볼 때, 이들 산업 제품의 가격의 상승은 향후 경제에 악영향을 주기 때문인 것이다. 반면에, 의류 및 무역 등의 경우에는 반대로 이들 산업들의 포트폴리오 수익률이 전체 주식시장 수익률과 양의 상관관계를 나타내 이들 산업들에 있어서 높은 수익률은 향후 경제가 상승국면이 예상됨을 나타내어 주고 있다. 이와 같은 산업별 포트폴리오 수익률과 거시경제변수 간의 높은 상관관계를 토대로 하여 전체 주식시장 수익률 예측을 가능하게 하는 업종 정보(sector information)의 점진적 확산(slow diffusion) 현상이 발생하게 되는 것이다.

I test the hypothesis that the gradual diffusion of information across asset markets leads to cross-asset return predictability in Korea. Using thirty-six industry portfolios and the broad market index as our test assets, I establish several key results. First, a number of industries such as semiconductor, electronics, metal, and petroleum lead the stock market by up to one month. In contrast, the market, which is widely followed, only leads a few industries. Importantly, an industry's ability to lead the market is correlated with its propensity to forecast various indicators of economic activity such as industrial production growth. Consistent with our hypothesis, these findings indicate that the market reacts with a delay to information in industry returns about its fundamentals because information diffuses only gradually across asset markets. Traditional theories of asset pricing assume that investors have unlimited information-processing capacity. However, this assumption does not hold for many traders, even the most sophisticated ones. Many economists recognize that investors are better characterized as being only boundedly rational(see Shiller(2000), Sims(2201)). Even from casual observation, few traders can pay attention to all sources of information much less understand their impact on the prices of assets that they trade. Indeed, a large literature in psychology documents the extent to which even attention is a precious cognitive resource(see, eg., Kahneman(1973), Nisbett and Ross(1980), Fiske and Taylor(1991)). A number of papers have explored the implications of limited information- processing capacity for asset prices. I will review this literature in Section II. For instance, Merton(1987) develops a static model of multiple stocks in which investors only have information about a limited number of stocks and only trade those that they have information about. Related models of limited market participation include brennan(1975) and Allen and Gale(1994). As a result, stocks that are less recognized by investors have a smaller investor base(neglected stocks) and trade at a greater discount because of limited risk sharing. More recently, Hong and Stein(1999) develop a dynamic model of a single asset in which information gradually diffuses across the investment public and investors are unable to perform the rational expectations trick of extracting information from prices. Hong and Stein(1999). My hypothesis is that the gradual diffusion of information across asset markets leads to cross-asset return predictability. This hypothesis relies on two key assumptions. The first is that valuable information that originates in one asset reaches investors in other markets only with a lag, i.e. news travels slowly across markets. The second assumption is that because of limited information-processing capacity, many (though not necessarily all) investors may not pay attention or be able to extract the information from the asset prices of markets that they do not participate in. These two assumptions taken together leads to cross-asset return predictability. My hypothesis would appear to be a very plausible one for a few reasons. To begin with, as pointed out by Merton(1987) and the subsequent literature on segmented markets and limited market participation, few investors trade all assets. Put another way, limited participation is a pervasive feature of financial markets. Indeed, even among equity money managers, there is specialization along industries such as sector or market timing funds. Some reasons for this limited market participation include tax, regulatory or liquidity constraints. More plausibly, investors have to specialize because they have their hands full trying to understand the markets that they do participate in.

이 논문은 거시경제변수가 유럽, 호주, 한국의 주식시장 변동성에서 시간에 따른 변화(Time Variation)를 설명할 수 있는지에 관하여 조사하는데에 목적을 두고 있다. 그리고 이 논문은 미국에서 발표된 논문들의 결과와 달리 많은 경우에서 주식시장 변동성의 시간에 따른 변화가 과거의 화폐적 또는 실물적 거시경제 요소의 변화 가능성에서 통계적으로 유의하게 영향을 받는 지를 알 수 있었다. 따라서 자본 및 포트폴리오 배분에 대한 중요한 의미를 가지고 있다. 한국의 경우 경제회복에 따라 통화와 산업생산의 변동성 증가가 이뤄지면 주식시장의 성장에 중요한 역할을 할 수 있을 것이다. G7국가중에서 상대적으로 소규모국가인 이태리와 네덜란드에서도 위에서와 같은 결과들을 발견할 수 있었다. 한편 한국에서 특이한 점은 경제회복 이후에는 산업생산증가율의 증가가 통화량의 증가보다 더 주식시장에 중요한 영향을 줄 것 임을 알 수 있다.

This dissertation is assumed to continuously occur adjustment cost on present investment. So, I derived from time-nonseparable production-based CAPM and tested the performance of model through data. I also compared time-nonseparable production-based CAPM with time-separable production-based CAPM and CCAPM, CAPM through testifying the performance of model. At the part of applied application, I estimated time-nonseparable PCAPM-betas. The data of Korea consists of 320 listed companies on Korea Stock Exchange (KOSPI) from first quarter 1987 to first quarter 2002. This data also is categorized by scale and industries. Additionally, I estimated time-nonseparable PCAPM-betas through 500 listed companies of New York Stock Exchange (NYSE) from first quarter 1973 to first quarter 2002. I observed the statistical significance of 230 firms by 320 companies in Korea. After that, I compared time-nonseparable PCAPM-betas by firms with time-separable production-based CAPM-betas and CCAPM-betas, CAPM-betas through individual firms. At empirical test, I found that estimated parameter of adjustment cost on time-nonseparable production-based CAPM by scale and industries in Korea had positive value and statistical significance, Moreover, this approach proved to resolve the underestimation of adjustment cost on time-separable production-based CAPM by scale and industries. I also found that the time-nonseparable PCAPM performed better than time-separable production-based CAPM and CCAPM, CAPM. The result from U.S data proved to have similarity to that of Korea. Specifically, I found that time-nonseparable PCAPM-betas by firms performed better than CAPM-betas on individual firms in Korea.

1895년에 독일 뢴트겐에 의해 발견된 이후 X선은 1896년부터 의료목적으로 사용된 기록이 있으며, 한국에 도입되어 진단용X선발생장치로서 환자 진료에 사용하기 시작한 역사는 1911년경부터 조선총독부의원과 세브란스의원에 도입되어 사용하게 되었다. 최근 의학 및 의용공학의 발전으로 방사선을 이용한 진단 기술의 발전과 건강에 대한 국민의 의료욕구가 증가함에 따라 방사선을 이용한 질병의 진단과 치료 방법에서 새로운 기법이 개발되고 그 이용은 지속적으로 증가되고 있는 추세이다. 방사선의 이용은 진단 및 치료에 중대한 이득을 제공하고 있으나 그 이면에는 최적화 및 정당화 되지 않은 방사선의 피폭으로 장애 및 유해요인이 초래되는 것은 부인할 수 없다. 이와 관련하여 방사선을 이용하여 검사 및 치료를 시행함에 있어 피폭선량 최적화를 위한 기술적 노력은 방사선 관계자의 막중한 의무이다.

Generally, Fixed Quantity ordering system (Q-system) uses linear model in inventory decrease. This paper focuses on that Fixed Quantity ordering system (Q-system) is based on a continuous review system. To use a continuous review system is because of an inventory decrease ration is not constant. Therefore, this paper introduces a method to select a model which is proper to virtual data under conditions which are inconstant.

EPC seeks to minimize variability by transferring the output variable to a related process input(controllable) variable. In the case of product control, a very reasonable objective is to try to minimize the variance of the output deviations from the target or set point. We consider an alternative EPC model with first-order autoregressive disturbance.