• Title/Summary/Keyword: Developing valuation

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The Financial Impact Generated by Shifts in Value Strategic Emphasis (가치전략 중점의 변화가 재무성과에 미치는 영향)

  • Hong, Kichul;Park, Kwangho
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.4
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    • pp.26-39
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    • 2016
  • Korea's main manufacturing industries, which have led its economy for the past three decades, are faced with a serious downturn and loss of competitive advantages due to the current economic depression, China's rise, and the drop of oil prices. Korean business firms must adopt the paradigm shift in their value strategies, along with a government-led industrial restructuring in order to gain sustainable competitive advantages. Business firms allocate their limited resources between value creation and value appropriation, however, what effect does strategic emphasis on value creation versus value appropriation have on a business firm's financial performance? This paper empirically addresses this issue by examining the effect of shifts in strategic emphasis on stock return. Furthermore, this study examines appropriate choices of strategic emphasis to gain differential financial performance. The data set used in this regression analysis comes from the KISLINE database of NICE Information Service. The variables that form the basis of this analysis are stock return, ROA, and Strategic Emphasis [(advertising expenditures-R&D expenditures)/assets]. The interactive effect with situational factors regarding the firm and the type of technological environment in which the firm is operating was also analyzed. Our results show that investors acknowledge a shift of strategic emphasis as a sign of stock valuation. In comparison to US, Korean business firms have weak value creation capabilities in high-technology industries, and weak value appropriation capabilities in low-technology industries. This proves Korean firms are fast followers in the global market. Our findings suggest that Korean firms have to adopt a balanced value strategy, nurturing value creation and developing value appropriation for overcoming the current economic downturn and becoming a first mover in the dawn of "Industry 4.0."

Body 3D Character Modeling For Human Body Motion Analysis (인체 동작 분석을 위한 신체 3D 캐릭터 모델링)

  • Cho, Hae-Seong
    • Proceedings of the Korea Contents Association Conference
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    • 2006.11a
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    • pp.631-634
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    • 2006
  • The national standard physique research of Korea is being conducted every 5$\sim$6 year term after its first research was started in 1979. The result of the national physique research was reflected in manufactured goods design of allied industries such as clothing, shoes, furniture. In this thesis, we measured anthropometry value for every bodily figurative classification after dividing users according to gender, age, bodily figure using the result of the national standard physique research. We constructed 3D character through the process of analyzing interrelation of measured anthropometry and measuring representative category. For the process for organization, we measured anthropometry which can express sports action of golf, tennis and etc effectively. We made it by presenting measurement which is able to form each type of 3D character after the category was decided. Quantitative and objective valuation for posture and action became possible by developing visible information offer and posture action analysis protocol in theoretical approach for analysis of posture and action in sports.

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The 3D Character Modeling for Golf Swing Motion Analysis by Economical Verification of Body Information (인체정보 DB의 경제적인 조합을 통한 골프 스윙 동작 분석용 3D 캐릭터 모델링)

  • 곽현민;채균식;박찬종;이상태
    • Science of Emotion and Sensibility
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    • v.6 no.2
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    • pp.59-64
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    • 2003
  • The national standard anthropometry of Korea is conducted every 5∼6 year term after its first research was started in 1979, The fourth research was conducted in 1997. The result of the national standard anthropometry has been reflected in manufactured goods design of allied industries such as clothing, shoes and furniture. In this paper, we measured anthropometry data for every bodily figurative classification after dividing users according to gender, age and bodily figure using the result of the national standard anthropometry. We constructed 3D character through the process of analyzing interrelation of measured anthropomeoy and measuring representative category. In the process for organization , we measured anthropometry which can effectively express sports action of golf, tennis etc. We made it by presenting measurement which is able to form each type of 3D character after the category was decided. Quantitative and objective valuation for posture and action became possible by developing visible information offer and posture action analysis protocol in theoretical approach for analysis of posture and action in sports.

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3D Character Modeling For Sports Motion Analysis (스포츠 동작 분석용 3D캐릭터 모델링)

  • 곽현민;조해성;박찬종;이상태
    • Proceedings of the Korean Society for Emotion and Sensibility Conference
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    • 2003.05a
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    • pp.134-140
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    • 2003
  • The national standard physique research of Korea is being conducted every 5∼6 year term after its first research was started 1979, the fourth research was conducted in 1997. The result of the national physique research was reflected in manufactured goods design of allied industries such as clothing , shoes, furniture. In this thesis, we measured anthropometry value for every bodily figurative classification after dividing users according to gender, age, bodily figure using the result of the national standard physique research. We constructed 3D character through the process of analyzing interrelation of measured anthropometry and measuring representative category. For the process for organization, we measured anthropometry which can express sports action of golf, tennis and etc effectively. We made it by presenting measurement which is able to form each type of 3D character after the category was decided. Quantitative and objective valuation for posture and action became possible by developing visible information offer and posture action analysis protocol in theoretical approach for analysis for analysis of posture and action in sports.

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A Proposal of Mini-Game Application Model for Achieving an Effective Learning in Educational Game (교육용 게임의 효과적인 학습을 위한 미니게임 활용 모델에 대한 제안)

  • Yoon Sun-Jung;Kim Mi-Jin
    • The Journal of the Korea Contents Association
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    • v.6 no.8
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    • pp.133-143
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    • 2006
  • Today, most of games permit interaction between user and game freely. Therefore it is difficult to progress the story-line of the primary stage. Especially in educational game surroundings, we have more difficulties in achieving original purpose of education. In this paper, we proposed the applied model of mini-game which was inserted into main-game in order to control interaction between user and game. On the basis of this model, we derived valuation elements by mini-game implementation types from developing the educational game in which involved mini-game. We looked around whether the educational game achieved the educational goal of first stage or not. Comparing with some excellent ones picked up by public authorities, we evaluated the educational game. As the result of evaluation, we could find that the application of mini-game had very high effectiveness in attainment of teaming goal, studying of well-balanced, and induction of learning motivation. And we found that the application also had very affirmative effect to the practical objects of primary stage in overall sphere.

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A Study for Implement of Generalize Valuation System for A Performance Assessment (학생 수행평가를 위한 종합평가 시스템 구현에 관한 연구)

  • Lee, Jin-Kwan;Jang, Hae-Suk;Lee, Jong-Chan;Park, Ki-Hong
    • Convergence Security Journal
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    • v.6 no.3
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    • pp.97-106
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    • 2006
  • We have been setting in The age of Ubiquitous that people are able to connect networks whenever and wherever by developing network. We can take any classes anytime we want even right checking out the result of a test through the internet with the spread of networks. The development of net-works has created WBI(Web Based Instruction) which has covered the limit of conservative education for instance, there are some content differences whenever a teacher teaches for each class, it is hard to take a lesson after having a certain period, the process of the class is changed as time goes by and so on. As the study of WBI is actively being worked in this moment, a various of class models are showing and materializing. In WBI, the exiting Objective Checking Assessment is applicable, some of the Performance Assessment which inspects and judges students' actual performance is Working whereas teachers who actually give them points don't have a embodied Performance Assessment Program. In this paper, I will present a Performance Assessment to use conveniently Performance Assessment Program not just students carrying out Performance Assessment using the internet but also teachers dealing with actual administrative works.

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A Cost-Benefit Analysis of Road Construction in International Development Cooperation Project - A Case of KOICA's Lao Cai Happiness Program in Vietnam - (국제개발협력사업의 마을도로 건설 비용편익 분석 - KOICA 베트남 라오까이 행복프로그램 적용사례 -)

  • Lee, Ah-Youn;Kong, Ki-Seo;Yoon, Seong-Soo;Song, Yang-Hoon
    • Journal of Korean Society of Rural Planning
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    • v.24 no.3
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    • pp.137-144
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    • 2018
  • The purpose of this study is to measure the cost-benefit of a road construction project in Vietnam through international development cooperation, which includes private grants and Official Development Assistance(ODA). In developing countries, it is difficult and costly to use data on markets, the CVM(Contingent Valuation Method) to measure the WTP(Willingness-to-Pay) as the benefits of road construction are used. A total of 232 villagers in 16 villages of Lao Cai Province in Northern Vietnam have been surveyed. It is found that the Benefit-Cost Ratio(B/C) in all 3 models are found to be well over 1.0, ranging from 2.8 to 3.64 with the discount rate of 0.06. These BC ratios imply the road construction project in Lao Cai can be justified. Also, it is found that the shortened travel time is the most relevant factor for WTP among direct benefits and the enhanced academic achievement of the children is the most relevant factor among indirect benefits, due to easier and faster access to schools, which in turn increase the school attendance rate. The result of this study can be used to justify other similar projects in Vietnam, even though the benefits may have to be reassessed in other countries.

An Evaluation of Uncertainty for Reference Standards Solar Radiation Data (참조표준 일사량 데이터에 대한 불확도 평가)

  • Kim, Sang-Yeob;Jo, Dok-Ki;Yun, Chang-Yeol;Kim, Kwang-Deuk
    • Journal of the Korean Solar Energy Society
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    • v.31 no.1
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    • pp.51-58
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    • 2011
  • The energy makes the basic element which improves the quality of life with motive power of industry and life. However, using the fossil fuel resources was restricted through it's abuse and exhaustion, and that cause a global warming resultingly. According to the reason, the world increased the interest that are stability and use of new and renewable energy which is clean energy with environment. Therefore, the property data of new and renewable is needed for developing and supplying the energy. In other words, the data of new and renewable energy becomes the standards for supply and evaluation of new and renewable energy with development of industry and technology. Also, the necessity came to the fore as the reference and standards of new and renewable energy data. Therefore, in this study, we evaluate and collect the solar radiation data as the new and renewable data and process the collected data through the standards for valuation. We evaluate uncertainty with standards which are NREL, WMO, and GUM. Whereby the data becomes reference standards data and gains the credibility. For the reliability data, we correct the measuring instrument with correction period. Using the DQMS and SERI QC, we efficiently manage and evaluate the solar radiation data. As a result, we evaluate uncertainty as 1,120 case about 16 area. we achieve credibility of data from evaluated solar radiation data and provide an accurate information to user. The annual average of horizontal radiation presents between 1,484 and 4,577, then the uncertainty evaluates from 163 to 453. The error of uncertainty presents smaller than the measurement values. So, we judge a credibility of data by expression of reliability quantitatively. In additional, the reference standards data which is possible to approach anywhere will be used for the supporting related industry and policy making.

Technology Improvement Assessment of Gas Hydrate R&D Project using Analytic Network Process (네트워크 분석과정을 적용한 가스하이드레이트 개발 사업의 기술향상도 평가)

  • Song, Sueng-GGock;Heo, Eunng-Yung;Lee, You-Ah
    • Journal of Korea Technology Innovation Society
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    • v.14 no.1
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    • pp.60-84
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    • 2011
  • This study accomplished technology improvement assessment of Gashydrate R&D project using ANP method which can deal with the sophisticated decisions involving a variety of interactions and dependencies. Criteria were selected by consultation and questionnaires with experts in four technology parts of gas hydrate project, and then the network was formed from relation with criteria and alternatives. As the result of analysis, the weight matrix was derived and the various relation in the network was able to be verified. The analysis was accomplished with four technology parts - geophysical exploration technology, geological and geochemical technology, analysis of deep-drill cores and stability technology, production technology - and the 'reliability' criterion ranked the highest of all parts. The rank of other criteria and the result of technology improvement assessment reflected the level of each technology. Thus, the result of this study will contribute to policy decision-making for developing and evaluating gas hydrate technology and other R&D projects.

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Valuation of Architecture-based Deterministic Plan for Software Evolution (아키텍처 기반의 결정적 소프트웨어 진화계획의 가치 평가)

  • Kang, Sung-Won;Garlan, David
    • The KIPS Transactions:PartD
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    • v.16D no.5
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    • pp.755-766
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    • 2009
  • Software architecture allows us to make many decisions about a software system and analyze it even before it exists in order to make systematic and planned development possible. Similarly, architecture-based software evolution planningmakes planned evolution possible by allowing us to make many decisions about evolution of a software system and analyze its evolution at the level of architecture design before software evolution is realized. In this paper, we develop a framework for architecture-based software evolution planning for the class of deterministic evolution plans by defining and relating various essential concepts and developing its valuationmechanism so that a plan with the greatest value among candidate plans can be selected as an optimal plan. A case study is conducted for explicating the framework and exemplifying its usage.