• Title/Summary/Keyword: Annual growth rate

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A Study on the Effects of Franchise's Factors and Performance : Analysis Disclosure Agreement (프랜차이즈 가맹본부의 특성과 가맹점 사업 성과간의 영향에 관한 연구 : 정보공개서를 중심으로)

  • Lee, Eun-Ji;Cho, Chul-Ho
    • The Korean Journal of Franchise Management
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    • v.3 no.2
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    • pp.20-38
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    • 2012
  • After being introduced into franchises industry, franchise has made a phenomenal growth in a short time and a substantial contribution to job creation and economic revitalization. Nevertheless, franchise business operators failed a business or low profit because of a lack of information and indiscriminate foundation. Therefore the first object of this study is characteristics of franchise's factors on disclosure agreement in franchise associate website. second is examinations about casual relationship between factor and franchise performance with using Excel and SPSS 18.0 versions. The findings of present study were as follows. First, franchises manage small business mostly(financial data, scale so on) and franchise's type focused the food service industry. Specially, a business district select unprotected contract. Second, in franchise's factors, we could find statistically significant effect on annual average sales and annual average net profit. However growth rate of franchise don't have statistically significant effect. Third, we could find statistically significant difference on analysis both franchises' factors and financial data. In conclusion, we must consider of franchise industry environment and success effect on performance in starting one's business. Furthermore franchises plan ways for their sustained growth and protection of rights and interests. Finally business operator draw up their information and upgrade continuously for franchises industry growth. Discussion and theoretical and managerial implications of the results were described along with future franchise research suggestions.

Optimum Design of a Cooling Air Cooler Heat Exchanger by Using a Response Surface Method (반응표면법을 이용한 Cooling Air Cooler 열교환기의 최적 설계)

  • Kim, Seong-Soo;Jeong, Hyo-Min;Chung, Han-Shik
    • Journal of Power System Engineering
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    • v.21 no.3
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    • pp.85-92
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    • 2017
  • Global air traffic is forecast to grow at an average annual rate of around 5% in the next 20 years. The continuous growth of air traffic and raised environmental awareness put increasing pressure on aero engine manufacturers to reduce fuel burn and emissions. NEWAC are a new integrated program of the European Union with focus on innovative core engine concepts to achieve this problem. In this paper, Within NEWAC, active core engine configurations will be investigated. the investigation is focused on the optimal design of the CAC heat exchanger for active core. For optimal design of he CAC heat exchanger, the HTFS of basic design of heat exchanger are analyzed so as to proceed an optimization routines based on Response Surface Method(RSM) and Design of Experiment(DOE). As a result, CAC heat exchanger optimized by 1.0314 lb/s mass flow rate and 3.9058 mm TP of tube layout and 206.8181 mm height of heat exchanger and 918 tube number for heat transfer and pressure drop. We confirm the design optimization using RSM and DOE is useful on complex structure of heat exchanger.

Is Expansionary Fiscal and Monetary Policy Effective in Australia?

  • HSING, Yu
    • Asian Journal of Business Environment
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    • v.9 no.3
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    • pp.5-9
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    • 2019
  • Purpose - This paper examines whether fiscal and monetary expansion would affect output in Australia. Research design, data, and methodology - An extended IS-LM model which describes the equilibrium in the goods market and the money market is applied. The real effective exchange rate and the real stock price are included in order to determine whether there may be any substitution or wealth effect. The sample consists of Annual data ranging from 1990 to 2018. The GARCH process is used in empirical work to correct for potential autoregressive conditional heteroscedasticity. Results - Expansionary fiscal policy reduces output; whereas, expansionary monetary policy raises output. In addition, real appreciation of the Australian dollar, a lower U.S. interest rate, a higher real stock price or a lower expected inflation would increase output. The finding that expansionary fiscal policy has a negative impact on real GDP suggests that the negative crowding-out effect on private spending dominates the positive impact. Conclusions - Fiscal prudence needs to be pursued. Real depreciation of the Australian dollar hurts output. Monetary tightening in the U.S. generates a negative effect on Australia's output. A healthy stock market is conducive to economic growth as higher stock prices tend to result in the wealth and other positive effects, increasing consumption and business spending.

Effect of Integrated Use of Organic and Fertilizer N on Soil Microbial Biomass Dynamics, Turnover and Activity of Enzymes under Legume-cereal System in a Swell-shrink (Typic Haplustert) Soil.

  • Manna, M.C.;Swarup, A.
    • Korean Journal of Environmental Agriculture
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    • v.19 no.5
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    • pp.375-381
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    • 2000
  • Quantifying the changes of soil microbial biomass and activity of enzymes are important to understand the dynamics of active soil C and N pools. The dynamics of soil microbial biomass C and N and the activity of enzymes over entire growth period of soybean-(Glycine max (L) Merr.)-wheat (Triticum aestivum L.) sequence on a Typic Haplustert as influenced by organic manure and inorganic fertilizer N were investigated in a field experiment. The application of farmyard manure at 4 to 16 $Mg{\cdot}ha^{-1}\;y^{-1}r^{-1}$ along with fertilizer nitrogen at 50 or 180 $kg{\cdot}ha^{-1}$ increased the mean soil microbial biomass from 1.12 to 2.05 fold over unmanured soils under soybean-wheat system. Irrespective of organic and chemical fertilizer N application, the soil microbial biomass was maximum during the first two months at active growing stage of the crops and subsequently declined with crop maturity. The mean annual microbial activity was significantly increased when manure and chemical fertilizer at 8 $Mg{\cdot}ha^{-1}$ and 50/180 N $kg{\cdot}ha^{-1}$, respectively were applied. The C turnover rate decreased by 47 to 72 % when the level of farmyard manure was increased from 4 to 8 and 16 $Mg{\cdot}ha^{-1}$. There were significant correlations between biomass C, available N, dehydrogenase, phosphatase and yield of the crops.

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Spatiotemporal evolution and influencing factors of ecosystem service value in the Sanjiangyuan nature reserve nature reserve

  • Liu, Hao;Shu, Chang;Sun, Lihui
    • Advances in nano research
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    • v.12 no.3
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    • pp.319-336
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    • 2022
  • Evaluating the temporal and spatial changes in the ecosystem service value (ESV) of the Sanjiangyuan Nature Reserve is important for understanding the impact of human activities on natural ecosystem and guiding ecosystem restoration and environmental pollution control. In this study, remotely sensed land-cover data and the equivalent factor method were used to analyze the spatiotemporal evolution characteristics of the ESV in Sanjiangyuan Nature Reserve from 1992 to 2015, and regression analysis was employed to determine the factors driving changes in the ESV. The results show that grassland was the main type of ecosystem in the study area, and the transformation of grassland into bare areas was the primary change in land cover. Additionally, the ESV in the study area first decreased and then increased, with an annual growth rate of 0.69%. The ESV mainly increased in the north of the Yellow River's source area, and mainly decreased in the northwest of the Yangtze River's source area. Finally, the gross output value of agriculture, urbanization rate and proportion of secondary industry were found to be the main factors driving the ESV in the study area.

A Semilongitudinal Study on Cranial Base, Maxillary and Mandibular Growth of Korean Children Aging 7 to 17 Years Old (한국인 7-17세 아동의 두개저, 상악, 하악의 성장에 관한 준종단적 연구)

  • Sohn, Byung-Wha;Kim, Hyung-Soon
    • The korean journal of orthodontics
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    • v.29 no.1 s.72
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    • pp.23-35
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    • 1999
  • Lateral cephalograms or 251 males md 286 females were taken and pubertal growth pattern or cranial base, maxillary and mandible of 7 to 17 years old Korean children was evaluated. 10 landmarks and 16 analytical measurements were evaluated. Analytical measurement and annual difference for each age group was calculated and tested for statistical significance. Analytical measurements were classified into three groups which were cranial base, maxillary and mandibular measurements and also classified into make and female measurements. Following results were achieved. 1. The circumpuberal growth spurt was earlier in Korean females than in males. 2. Cranial base, maxilla and mandible showed circumpuberal growth. The cranial base showed a relatively smaller amount of growth than the facial complex. 3. Middle and posterior cranial base length showed a floater increase than anterior cranial base length and circumpuberal growth spurt was also more definite. 4. the forward and downward growth or maxilla results from maxillary growht itself and transposition or the maxilla due to circumsutural growth aroud the maxilla. Ar-ANS and Ar-Pr which represent maxillary position relative to the cranial base showed more growth than ANS-PNS which represents maxillary bone growth. 5. mandible showed more vertical growth than horizontal growth but without significance. 6. Alveolar gwoth of maxilla and mandible show maximum growth rate of the time of permanent teeth eruption following loss of deciduous teeth . After this period alveolar growth shows a decreasing tendency.

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In Search of Corporate Growth and Scale-up in the Entrepreneurial Context: What Affects the Growth of Enterprise Value, the Pace of Growth, and the Effectiveness of Growth. (기업가적 컨텍스트에서 기업 성장과 스케일업 연구: 기업가치의 성장, 성장의 속도, 성장의 효과성에 영향을 미치는 요인)

  • Lee, Young-Dal;Oh, Soyoung
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.4
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    • pp.25-58
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    • 2021
  • This study investigated the corporate growth with more emphasis on longitudinal characteristics, not the results of companies with relatively more emphasis on cross-sectional, in the 21st-century entrepreneurial context. As of the end of 2019, sampled 479 global unicorn companies, and 333 high-growth companies with revenue of more than $100 million among 5,000 private companies in the U.S. with a compound annual growth rate (CAGR) exceeding 15% for the past three years. They were examined with 3 perspectives in terms of corporate growth that 1) the growth of enterprise value, 2) the pace of growth, and 3) the effectiveness of growth. As a result of our study, the corporate growth of the perspective of creating enterprise value had a relatively higher relationship with the characteristics of industries and markets. The pace of growth was more fully explained by the characteristics of the industry and the market environment and the choice of strategies that make up a valid combination. In addition, growth in terms of the effectiveness of corporate performance was influenced by the choice of strategy, the characteristics of the industry and market environment, and its business age, the proxy variable of resource accumulation, comprehensively. This study through a sample based on companies with an enterprise value of more than $1 billion and annual revenue of more than $100 million can be a valid reference in terms of creating milestones and roadmaps for scale-up of early-stage startups, particularly in terms of practitioners' point of view. It also provides a critical reference for overcoming the limitations of mainstream theories of the 20th century and developing the theory of corporate growth that fits the 21st-century entrepreneurial context.

A Study on the Recreation Carrying Capacity of Lawn Areas in Parks(I) -Estimation of treading times criteria based on the tolerence of the turf to treading pressure- (공원잔디공간의 『레크레이션』 수용능력에 관한 연구(I) -잔디에 미치는 답압의 영향 및 수용능력의 답압회수 기준설정-)

  • 엄붕훈
    • Journal of the Korean Institute of Landscape Architecture
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    • v.20 no.1
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    • pp.53-68
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    • 1992
  • This study was carried out to estimate the recreation carrying capacity of lawn areas in parks. Recreation carrying capacity in this study is composed of two parts, ecological carrying capacity and psychological carrying capacity. As the first part, this paper deals with the treading times criteria based on the tolerence of the turf to treading pressure. The plant material used for this study was Zoysia japonica, and the treading experiment was done in the experimental fields in Kyungju and Suwon, Korea. The major results of the first part of the study are summarized as follow: 1. As shown in annual change of the growth of the turf, The growth of turt grass was represented by the number of leaf. 2. The tolerance to treading was not significantly different by the time of treading treatment. And the tolerance varies depending on growth rate of grasses, which showed significant relationship with precipitations. 3. From the result of different numbers of simulated treading treatment, the damage of the turf was increased by the increase of the frequency of treading. And the damage was very serious within short period(about 20 days) in high frequency(over 20 times/day) of treading treatment. But low frequency(1∼3times/day) of treading shows good effects on the growth of the turf. 4. The criteria of treading number per day for each carrying capacity level are estimated as 7 times/day for optimum carrying capacity, 13 times/day for standard carrying capacity, and 20 times/day for critical carrying capacity.

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Environmental Feature Causing a Bloom of the Novel Dinoflagellate Heterocapsa circularisquama (Dinophyceae) in Uranouchi Bay, Kochi Prefecture, Japan (일본 Kochi현 Uranouchi만의 와편모조류, Heterocapsa circularisquama (Dinophyceae) 적조발생에 대한 환경 고찰)

  • O, Seok-Jin;Ma,;O,;Mo,;U,
    • ALGAE
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    • v.18 no.4
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    • pp.281-288
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    • 2003
  • To study the environmental features causing a bloom of the novel dinoflagellate Heterocapsa circularisquama (Dinophyceae), hydrographic and chemical aspects were measured in the Uranouchi Bay, Kochi Prefecture, Japan, from January to December, 1997. The cell density of H. circularisquama increased rapidly in early October, and dropped sharply in mid-October. Growth rate of H, circularisquama during bloom period appeared 1.50 division day$^{-1}$ under high water temperature (25$^{\circ}C$) and salinity (32 psu) conditions. Althought the result from hydrographic aspect indicated good condition for their growth, dissolved inorganic phosphorus (DIP) concentration in surface layer before bloom formation was less than 0.70uM, which is lower than their half saturation constant(Ks). Dissolved inorganic nitrogen(DIN): DIP ratio was > 30, indicating potential P-limitation. However, before bloom formation period of H. circularisquama, DIP concentrations were high in bottom layer (> 4.0 uM). Some studies reported that H. circularisquama had the ability to migrate vertically and to utilize dissolved organic phosphorus (DOP). Thus, DIP in bottom layer might have been utilized by H. circularisquama for their growth.DOP might have weakly affected their growth because of low reactive DOP concentrations owing to low DOP concentration (ca. 0.39 uM). Thus, if nutrient condition of bottom layer in Uranuchi Bay is not improved, the outbreaks of H. circularisquama red tides may became an annual feature.

R&D Efficiency and Productivity in Korea, Japan and China (한·중·일 연구개발투자의 효율성 및 생산성변화 비교 분석)

  • Cho, Yun Ki
    • International Area Studies Review
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    • v.14 no.2
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    • pp.43-60
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    • 2010
  • This paper measures R&D efficiency and productivity changes of 24 nations including Korea, Japan and China by the non-parametric Malmquist productivity index. The principle findings of this study are as follows. First, R&D efficiency scores of Korea and Japan are 0.837 and 0.834 respectively. Meanwhile China shows 0.420, the worst performance among the selected countries. Second, Korea marked annual productivity increase of 25%, highest among the selected countries', for 2000-2005. R&D productivity in Japan and China, however, decreased 1.9% and 0.9% respectively. Third, annual rates of technology change and technical efficiency change in Japan are 0.6% and -2.5%. Therefore decrease of productivity in Japan is mainly due to technical inefficiency. In case of China, improvement of technical efficiency is the main contributor to productivity growth but technical progress has edged downward in the sample period. In Korea, with annual rate of technology change and technical efficiency change being 5.2% and 18.2% respectively, both efficiency improvement and technical progress has pulled the R&D productivity growth.