• Title/Summary/Keyword: Common value

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The Accuracy of Various Value Drivers of Price Multiple Method in Determining Equity Price

  • YOOYANYONG, Pisal;SUWANRAGSA, Issara;TANGJITPROM, Nopphon
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.29-36
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    • 2020
  • Stock price multiple is one of the most well-known equity valuation technique used to forecast equity price. It measures by multiplying "the ratio of stock price to a value driver" by a value driver. The value driver can be earning per share (EPS), sales or other financial measurements. The objective of price multiple technique is to evaluate the value of assets and compare how similar assets are priced in the market. Although stock price multiple technique is common in financial filed, studies on the application of the technique in Thailand is still limited. The present study is conducted to serve three major objectives. The first objective is to apply the technique to measure value of firms in banking sector in the Stock Exchange of Thailand. The second objective is to develop composite price multiple index to forecast equity prices. The third objective is to compare valuation accuracy of different value drivers of price multiple (i.e. EPS, Earnings Growth, Earnings Before Interest Taxes Depreciation and Amortization, Sales, Book Value and Composite Index) in forecasting equity prices. Results indicated that EPS is the most accurate value drivers of price multiple used to forecast equity price of firms in baking sector.

Common-mode Voltage Reduction of Three Level Four Leg PWM Converter (3레벨 4레그 PWM 컨버터의 커먼 모드 전압 저감)

  • Chee, Seung-Jun;Ko, Sanggi;Kim, Hyeon-Sik;Sul, Seung-Ki
    • The Transactions of the Korean Institute of Power Electronics
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    • v.19 no.6
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    • pp.488-493
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    • 2014
  • This paper presents a carrier-based pulse-width modulation(PWM) method for reducing the common-mode voltage of a three-level four-leg converter. The idea of the proposed PWM method is intuitive and easy to be implemented in digital signal processor-based converter control systems. On the basis of the analysis of space-vector PWM(SVPWM) and sinusoidal PWM(SPWM) switching patterns, the fourth leg pole voltage of the three-phase converter called "f leg pole voltage" is manipulated to reduce the common-mode voltage. To synthesize f leg pole voltage for the suppression of the common-mode voltage, positive and negative pole voltage references of f leg are calculated. An offset voltage is also deduced to prevent the distortion of a, b, and c phase voltages. The feasibility of the proposed PWM method is verified by simulation and experimental results. The common-mode voltage of the proposed PWM method in peak-to-peak value is 33% in comparison with that of the conventional SVPWM method. The transition number of the common-mode voltage is also reduced to 25%.

Configurations of double-layer space trusses

  • El-Sheikh, Ahmed
    • Structural Engineering and Mechanics
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    • v.6 no.5
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    • pp.543-554
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    • 1998
  • Space truss structures may be fabricated in any of several common grid configurations. With different configurations, the truss performance varies considerably affecting both its competitiveness and suitability for specific applications. The work presented in this paper is an assessment of the most commonly adopted truss configurations and their effect on truss characteristics such as the stiffness/weight value, member stress distribution, number of joints and members, degree of redundancy and cost. The study is parametric and covers wide variations of truss aspect ratios, boundary conditions and span/depth ratios. The results of this study could be of significant value to the design of space truss structures.

An Evaluative Framework for Business Information Systems (기업 정보 시스템의 평가를 위한 모형)

  • Lee, Guk-Hui
    • Asia pacific journal of information systems
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    • v.2 no.1
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    • pp.17-33
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    • 1992
  • This paper provides a framework for evaluating business information systems. The framework identifies three evaluation domains: IS business value, IS expenses, and IS functionality. Discussions of each category encompass what to be measured, how to measure, and how to judge the measured value. Then, the framework classifies three categories of individual information systems based on IS life cycle: industry-common, industry-similar, and firm-specific. This categorization is used to match the role of an individual system with the focus of evaluation efforts. The framework can contribute to the systematic design of evaluation programs for business information systems.

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A GLOBAL ELGHTH ORDER SPLINE PROCEDURE FOR A CLASS OF BOUNDARY VALUE PROBLEMS

  • Park, Yun-Beom;Jun, Sung-Chan;Choi , U-Jin
    • Communications of the Korean Mathematical Society
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    • v.9 no.4
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    • pp.985-994
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    • 1994
  • Boundary value problems are common in nature. Here we restrict our attention to the second order differential equations of the form $$ (1.1) \frac{d^2 y}{dx^2} = P(x)y(x) + Q(x), 0 \leq x \leq 1, $$ $$ y(0) = \alpha, $$ $$ y(1) = \beta, $$ where P(x) and Q(x) are continuous functions with $P(x) \geq 0, x \in [0, 1]$.

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APPLICATION OF CONTRACTION MAPPING PRINCIPLE IN PERIODIC BOUNDARY VALUE PROBLEMS

  • Amrish Handa
    • The Pure and Applied Mathematics
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    • v.30 no.3
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    • pp.289-307
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    • 2023
  • We prove some common fixed point theorems for β-non-decreasing mappings under contraction mapping principle on partially ordered metric spaces. We study the existence of solution for periodic boundary value problems and also give an example to show the degree of validity of our hypothesis. Our results improve and generalize various known results.

STUDY OF ENTIRE AND MEROMORPHIC FUNCTION FOR LINEAR DIFFERENCE-DIFFERENTIAL POLYNOMIALS

  • S. RAJESHWARI;P. NAGASWARA
    • Journal of Applied and Pure Mathematics
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    • v.5 no.5_6
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    • pp.281-289
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    • 2023
  • We investigate the value distribution of difference-differential polynomials of entire and meromorphic functions, which can be gazed as the Hayman's Conjecture. And also we study the uniqueness and existence for sharing common value of difference-differential polynomials.

A Parallel Processors Scheduling Problems with a Common Due Date (공통납기를 고려한 병렬기계 일정계획)

  • Lee, Jeong-Hwan;No, In-Gyu
    • Journal of Korean Society for Quality Management
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    • v.18 no.2
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    • pp.81-92
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    • 1990
  • This paper considers a scheduling of a set of jobs on single and multiple processors, when all jobs have a common due date and earliness and lateness are penalized at different cost rates. The objective is to determine the optimal value of a common due date and an optimal scheduling to minimize a total penalty function. It is also shown that a schedule having minimum weighted completion time variances must be V-shaped. For identical processors, a polynomial scheduling algorithm with the secondary objectives of minimizing makespan and machine occupancy is developed and a numerical example is presented.

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Cytogenetic Analysis of Induced Hybrid between Common Carp (Cyprinus carpio) and Crucian Carp (Carassius auratus) (잉어(Cyprinus carpio)와 붕어(Carassius auratus)간 잡종의 세포유전학적 분석)

  • 남윤권;오승용;조재윤;김동수
    • Journal of Aquaculture
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    • v.11 no.1
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    • pp.77-81
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    • 1998
  • Cytogenetic analyses were carried out with induced hybrid between common carp (Cyprinus carpio) female and crucian carp (Carassius auratus) male. The erythrocytic measurement revealed that cellular and nuclear size of induced hybrids were intermediate between those of paremtal species. The modal chromosome numbers of common carp, crucian carp and its hybid were same as 2n=100. The DNA content of induced hybrids determined based on flow cytometry was 3.7pg/cell which corresponding to intermediate value between the carp (3.6ph/cell) and crucian carp (3.8pg/cell)

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UTILIZATION OF COMMON GRASSES BY GOATS IN TWO SEASONS

  • Islam, M.;Alam, M.R.
    • Asian-Australasian Journal of Animal Sciences
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    • v.9 no.2
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    • pp.199-202
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    • 1996
  • The effect of feeding freshly-cut common grasses on growth performance of Black Bengal goats during the pre-monsoon and pre-dry season was evaluated. Four castrated goats of 5-6 months age with a mean initial body weight were 11.17 and 10.23 kg for pre-monsoon and pre-dry season respectively, were used as experimental animal. Nutrient during the pre-monsoon season contained higher nitrogen(15.6g/kg) and less DM(196.8g/kg) than the grass harvested in pre-dry season where nitrogen was 12.8 g/kg and DM was 454.9 g/kg. Intake of DM, OM, N and NDF were 73.12 g, 67.12 g, 964.68 mg and 50.14 g/kg $W^{0.75}$ respectively in pre-monsoon were higher than those in pre-dry season at p<0.01 level of significance. Higher(p<0.01) growth(35.71 g/day) rate was found in pre-monsoon season. It may concluded that grasses grown during the pre-monsoon season was higher nitrogen value and appeared to be more palatable.