• Title/Summary/Keyword: transaction

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Analyzing Fluctuation of the Rent-Transaction price ratio under the Influence of the Housing Transaction, Jeonse Rental price (주택매매가격 및 전세가격 변화에 따른 전세/매매가격비율 변동 분석)

  • Park, Jae-Hyun;Lee, Sang-Hyo;Kim, Jae-Jun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.10 no.2
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    • pp.13-20
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    • 2010
  • Uncertainty in housing price fluctuation has great impact on the overall economy due to importance of housing market as both place of residence and investment target. Therefore, estimating housing market condition is a highly important task in terms of setting national policy. Primary indicator of the housing market is a ratio between rent and transaction price of housing. The research explores dynamic relationships between Rent-Transaction price ratio, housing transaction price and jeonse rental price, using Vector Autoregressive Model, in order to demonstrate significance of shifting rent-transaction price that is subject to changes in housing transaction and housing rental market. The research applied housing transaction price index and housing rental price index as an indicator to measure transaction and rental price of housing. The price index and data for price ratio was derived from statistical data of the Kookmin Bank. The time-series data contains monthly data ranging between January 1999 and November 2009; the data was log transformed to convert to level variable. The analysis result suggests that the rising ratio between rent-transaction price of housing should be interpreted as a precursor for rise of housing transaction price, rather than judging as a mere indicator of a current trend.

A Semantics-based protocol for Business Process Transactions (비즈니스 프로세스 트랜잭션을 위한 시맨틱스 기반의 프로토콜)

  • Kang, Dong-Woo;Lee, Sun-Jae;Lee, Jae-Yeol;Kim, Kwang-Soo
    • The Journal of Society for e-Business Studies
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    • v.11 no.2
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    • pp.93-110
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    • 2006
  • A Business Process Management System(BPMS) requires transaction management to guarantee reliability for transactions. Though several transaction protocols have been suggested for the transaction management, the difference of transaction protocols interrupts interoperability among transaction management systems. In this paper, a business process transaction based on semantics is suggested. It is defined based on the static semantics and the operational semantics. As the static semantics defines the ontologies for transaction states and transaction messages using Web Ontology Language(OWL), it solves the difference of expression for the concepts of transaction protocols. As the operational semantics defines state transitions of business process transactions using Abstract State Machine(ASM), it can guarantee formalism for transaction operations. The operational semantics refers to the state ontology and message ontology defined in the static semantics. This approach can enhance interoperability among various transaction protocols, increase the understandability for the transaction protocols, and support autonomous transaction execution and systematic transaction monitoring.

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A Broker Based Synchronous Transaction Algorithm For Virtual Market Place (마켓 시스템에서 거래를 위한 브로커 기반 동기화 거래 알고리즘)

  • 강남오;한상용
    • The Journal of Society for e-Business Studies
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    • v.4 no.3
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    • pp.63-76
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    • 1999
  • Internet-based electronic trade has been growing fast. But most users are not yet familiar with the system and find it very difficult to purchase and sell the products in the cyber market place. To handle these problems, agent-based virtual market place system has been proposed where agents instead of individuals participate in trading of goods. Most of the proposed models have been in the two general categories. The first is the direct transaction among sellers and buyers, and the second is the agent-based transaction. However, the transaction is not fair and the best deal can't be guaranteed for both models. In this paper, we propose a new broker based synchronous transaction algorithm which is fair to both parties and guarantees the best deal. Our algorithm is implemented using Visual C++ and the experimental results show that our method is better than the two traditional transaction models in every performance metrics, Number of transactions are increased up to 21% and price adjustment is up to 280% better for some transactions.

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Transaction Models within a Supply Chain and Optimal Wholesale Pricing of Two Competing Suppliers (경쟁이 있는 공급사슬의 거래모형과 최적납품가격)

  • Park, Hae-Churl;Ahn, Bong-Hyun
    • Journal of the Korean Operations Research and Management Science Society
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    • v.37 no.3
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    • pp.117-134
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    • 2012
  • We analyze a systematic relationship between transaction mechanisms and wholesale pricing schemes within a supply-chain with two competing suppliers and a monopolistic retailor. When one of the suppliers changes its transaction mechanism from an independent scheme to a cooperative one, then the wholesale prices of the suppliers become cheaper than before. When one supplier changes its transaction scheme to a cooperative one while the other supplier sticks to the existing independent transaction scheme, we show that the supplier with a cooperative transaction scheme can realize the increased profit via a profit sharing contract with the retailer but the supplier with independent transaction scheme can face the decreased profit. We also show that both suppliers can achieve the higher profits by adopting the cooperative schemes with the retailer.

Per-transaction Shared Key Scheme to Improve Security on Smart Payment System

  • Ahmad, Fawad;Jung, Younchan
    • International Journal of Internet, Broadcasting and Communication
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    • v.8 no.1
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    • pp.7-18
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    • 2016
  • Several authentication methods have been developed to make use of tokens in the mobile networks and smart payment systems. Token used in smart payment system is genearated in place of Primary Account Number. The use of token in each payment transaction is advantageous because the token authentication prevents enemy from intercepting credit card number over the network. Existing token authentication methods work together with the cryptogram, which is computed using the shared key that is provisioned by the token service provider. Long lifetime and repeated use of shared key cause potential brawback related to its vulnerability against the brute-force attack. This paper proposes a per-transaction shared key mechanism, where the per-transaction key is agreed between the mobile device and token service provider for each smart payment transaction. From server viewpoint, per-transaction key list is easy to handle because the per-transaction key has short lifetime below a couple of seconds and the server does not need to maintain the state for the mobile device. We analyze the optimum size of the per-transaction shared key which satisfy the requirements for transaction latency and security strength for secure payment transactions.

Transaction Visibility: Re-Interpretation of Successful SIS Cases, and Implications for E-Commerce (거래가시성: 성공적인 SIS의 재해석을 통한 새로운 e-Commerce 프레임워크)

  • Yang, Hee-Dong;Choi, In-Young
    • Asia pacific journal of information systems
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    • v.13 no.1
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    • pp.73-101
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    • 2003
  • Firms can create additional customer values by changing the visibility characteristic of business transactions. Both visible and invisible transactions can provide distinctive values to the customers. Visible transactions are those that are open to the customer: the customer can see the detailed logic of the transaction and may manipulate specific variables to control the transaction process. Invisible transactions mean that customers have little ability to control the transaction flow and may even be insulated from seeing the transaction. These invisible transactions will be taken care of only by suppliers, and be regarded as a process performed by suppliers. This paper pursues finding out the contingencies of successful transaction visibility change by answering to the following question; "when does increasing(or decreasing) transaction visibility make sense to customers?" This archival case study finds out that transaction visibility change should fit to the need and capabilities of customers. Increasing transaction visibility makes sense when customers need a certain supplier's performance and have a confidence in the capabilities of executing the performance. By the same token, decreasing transaction visibility makes sense when customers have substantial troubles in conducting their current transaction actions or when customers don't feel it necessary to conduct them separately because they can be derived from other action.

A Study on the Effect of Logistics Consignment Characteristics of Export Shippers on the Formation and Continuation of Transactions with Forwarders (수출 화주기업 물류위탁 특성이 포워더와의 거래형성과 지속에 미치는 영향 연구)

  • Yoon-Jin Roh;Tae-Woo Kim
    • Korea Trade Review
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    • v.47 no.4
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    • pp.255-270
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    • 2022
  • If import/export shippers entrust their international logistics activities to forwarders, they can receive good logistics services at a lower cost. Therefore, it is important to form a trading relationship between the export shipper company and the forwarder, and it helps to improve the competitiveness of the company. This study derives factors that an export shipper company forms a transaction relationship with a forwarder, and analyzes the effect of transaction formation factors on transaction continuity. Next, the relationship between export consignment characteristics of export shippers and their influence on transaction formation factors and transaction continuity is identified. As a result of the study, transaction formation factors consisted of price, quality, and companionship, and all factors were found to affect transaction continuity. The characteristics of consignment logistics for shippers are the proportion of consignment, the number of business partners, and the transaction period. The proportion of consignment and the number of business partners affected the price factor, and the number of business partners affected the quality factor. There was no mutual influence between the transaction continuity and the characteristics of the shipper's logistics consignment. Therefore, there is a need for recognition of a relationship that can grow between shippers and logistics companies through consignment transactions rather than subordinate recognition based on fair transactions.

Design and Evaluation of Transaction Processing System based on Main Memory Database (주기억장치 데이터베이스 기반 트랜잭션 처리 시스템의 설계 및 평가)

  • 심종익
    • Journal of Korea Multimedia Society
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    • v.2 no.4
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    • pp.367-377
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    • 1999
  • Nowadays, the number of database applications which need fast transaction processing are increasing. One way to improve the performance of transaction processing is to reside the whole database in main memory As semiconductor memory becomes cheaper and chip densities increase, the research to improve transaction throughput rates of transaction processing system, using main memory databases, has begun In this thesis, how to implement a high performance transaction processing system based on main memory databases, new concurrency control scheme, recovery scheme and storage structure is presented. The objective of the proposed schemes is to improve the transaction processing system performance measured by transaction throughput and response times.

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A Study on Global-Transaction Model for the Web-Based Reliable Reservation Service (웹 기반의 신뢰성 있는 예약서비스를 위한 글로벌 트랜잭션 모델에 관한 연구)

  • 김수홍;윤용익
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.5 no.3
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    • pp.247-253
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    • 2004
  • This paper mainly deals with a transaction model for the reliability guarantee in a Web-Based Real-Time Reservation Service System. We suggest the Web-Based Global Transaction Model which binds up each transaction currently divided by a function into one transaction and deals with one transaction. Also, we propose a Fail-Check Process in order to deal with the exceptions to be happened in a transaction process. And the simulation shows us that the model which we suggest is feasible and possible through the transaction processing procedure.

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A Study on Management of Business Transaction in Regional Local Government (광역지방자치단체 단위과제 운영에 관한 연구)

  • Chung, Sang-Hee
    • The Korean Journal of Archival Studies
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    • no.49
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    • pp.327-359
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    • 2016
  • The purpose of this study is to examine and analysis the problems in managing 'Business Transaction(Danwi-gwaje)' of regional local government, and propose implications. The study points out the problems emerged in the operation process of Business Transaction including creating of Business Transaction and Business Transaction Profile, setting retention period and filing records, and gives concrete example of them. It concludes with presenting improvements and considerations in managing Business Transaction for systematic and efficient records management.