• Title/Summary/Keyword: Financial Operation

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A Typological Approach to the Community Management and Activation Plans for Apartment Complexes (아파트 단지 내 커뮤니티 운영 요소와 유형별 활성화 방안)

  • Kang, Soon-Joo;Lee, Bo-Bae;Kim, Jin-Young;Lee, Jong-Soo
    • Journal of the Korean housing association
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    • v.25 no.2
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    • pp.109-120
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    • 2014
  • This study is focused first on considering the factors which invigorate the community in an apartment complexes from the precedent study and on identifying the specific factors, necessary to run vigorously the community in an apartment complexes. After that, the study is devoted to develop the management scenarios suitable for each type, through identifying, on the basis of the factors, the operation type of the 15 apartment complexes, in which the Seoul city community experts exist. The study result could be the basis to find out an effective method to run and manage community facilities and programs according to the features of an apartment. On the study, the 1:1 in-depth interviews were conducted on the community experts, who supported the community management in the five autonomous districts in Seoul. The study found followings. 1) The community factors needed to be readjusted in respect of operation and management. to estimate how active the community in an apartment complexes was. After identifying the community operation factors, the factors in human resources, material resources, and financial resources, were figured out. 2) The five groups were drawn from the 15 apartment complexes. The grouping was based on the relation between the main operators in each factor which invigorates the community operation. As the result, the relationship between the main operators was vertical. In addition, the more operators. 3) Six types were drawn after grouping the operation status of the 15 apartment complexes on the factors which affected to the community invigoration: human resources, material resources, and financial resources. Consequently, the managing scenarios to invigorate the community in each type were suggested.

Information Content of Commercial Paper Credit Rating Changes In Korea (우리나라 기업어음등급평가의 정보효과 검증)

  • 박범호;최호석
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2000.10a
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    • pp.89-92
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    • 2000
  • The purpose of this thesis is to investigate the information content of commercial paper credit rating changes of Korean firms. The result shows neither sinificant daily abnormal returns nor significant cumulative daily abnormal returns over the test window. This ind icates that commercial paper rating changes are not informative to investors. A sensitivity analysis conducted for the portfolio of subsample shows a similar result. This thesis, however, may contribute to the better operation of Korean financial market by providing several directions to establish credit-based financial transactions.

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A Study on the Change in Trade Financial EDI form in Japan (무역금융EDI의 형태변화에 관한 연구 -일본의 사례를 중심으로-)

  • Kim, Jung-Uk
    • International Commerce and Information Review
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    • v.7 no.4
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    • pp.97-115
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    • 2005
  • This paper describes the characteristics and outline of the Japan trade EDI project and proposes a vision for the future. The results are as follows; First, the TEDI(Trade EDI) project was initiated to promote paperless trading(using XML documents) on open networks such as the Internet, and to construct associated legal structures. Second there is converting harbor EDI system in existing EDI to single window system. Third, the NACCS system has been put into operation in Japan. To develope NACCS system must associate other system such as financial, insurance, logistic.

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A Study on the Accounting Transparency Financial Characteristics between ERP Systems Implementation and Non Implementation Companies (ERP시스템 도입기업과 미도입기업의 회계투명성 관련 재무적 특성)

  • Choi, Hyun-Dol;Lee, Jang-Hyung
    • The Journal of Information Systems
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    • v.14 no.1
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    • pp.107-124
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    • 2005
  • ERP systems are comprehensive sorfware packages that seek to integrate the complete range of lbusiness processes and functions in order to present a heuristic perspectives of a firm from a single information and information technlogy architecture. The ERP systems have delicate internal controls with built-in devices. It is known that the delicate internal controls help to enhance the accounting transparency. We empirically investigate the relationship between the ERP systems inplementations and an accounting transparency. In order to measure the accounting transparency differences, we compare the ERP systems implementation firms with firms which did not implement the ERP systems by 6 financial ratios (accruals, net profit margin, operation cash folo to sales, total debt to equity, accounts receivable changes, assets quality). Data are collecte from 135 firms implemented the ERP systems and 135 firms non-implemented the systems (the firms listed in the Korea Stock Exchange). We analyze financial statements from 270 firms for the period 2001-2003 to ezamine the 6 financial ratios differences. The results of 810 firms analyses over the 3-year period indicate that the ERP systems implementation firms show the statistically significant differences in the accrual ratio, the net profit margin ratio, operating cash flow to sales ratio, and total debt to equity ratio from the ERP systems non-implementation firms. But there is statistically no differences between the two groups for accounts receivable changes to sales ratio and assets quality.

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Strategies for Improving Financial Management Performance of Exhibition and Convention Centers in Korea Based on Financial Ratio Analysis (재무비율분석에 기초한 한국 전시컨벤션센터의 재무적인 경영성과 개선전략)

  • Yongsuk Kim
    • Korea Trade Review
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    • v.46 no.4
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    • pp.1-16
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    • 2021
  • This study suggests improvements in the management performance of the five largest exhibition and convention centers in Korea through financial ratio analysis. For this research, the financial ratios of each center were compared to the average of the centers as well as to the overall industry average during the past five years. According to the analysis results, the stability and growth ratios of the centers were excellent, but the profitability and activity ratios were poor. In particular, the ratios of profitability were in state of urgent need for improvement because they were at the level of severe deficits. It was analyzed that sales increase can be the key factor to improve centers' operation income and net profit to improve profitability. This study recommends measures to increase sales by using centers' facilities and their functions. The first is to actively host large-scale international meetings and conventions that only exhibition and convention centers can accommodate. The second is to attract brand exhibitions through strategic alliances with global Professional Exhibition Organizers (PEOs). Lastly, it is to organize sports and cultural events that are appropriate for incentive tours of associations and corporations.

Factors Influencing Operation of Travel Agency Services (여행업 경영에 영향을 주는 요인)

  • Oh, Soo-Kyung
    • The Journal of the Korea Contents Association
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    • v.7 no.10
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    • pp.283-292
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    • 2007
  • Recent studies on business performance in the operation of travel agency services note the importance of non-financial factors, in addition to financial factors. They also indicate that in order to enhance the business performance in travel agency services, it is necessary to emphasize the most competitive key factors based on the understanding of the circumstances with which those services are faced. The analyses of business performance in travel services and of related research Papers have showed that the major factors influencing the operation of travel agency services include the relationship with tourism-related companies the introduction of e-commerce and knowledge-based management, the services of employed workers, and brand awareness and advertising. The present study attempts to propose an approach to the efficient operation of travel agency services by reviewing and analyzing the different studies regarding these factors. To do so, this study employs the existing study reports and publications related to the operation of travel services, focusing mainly on literature review. The paper is composed of four chapters: The first is an introductory chapter; Chapter 2 provides the theoretical background; in Chapter 3 an analysis of the previous studies is attempted; and Chapter 4 presents the results of analysis and other considerable suggestions.

A Study on the Efficient Operation of Automated Teller Machine(ATM) Maintenance Using Simulation (시뮬레이션을 이용한 금융 ATM기 유지보수의 효율적 운영에 관한 연구)

  • Yu, Hyeung-Keun;Lee, Kang-Won
    • Korean Management Science Review
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    • v.28 no.1
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    • pp.107-116
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    • 2011
  • The automated teller machine (ATM) is developed as a system to provide customers with an easy deposit and withdrawal of their money without time restriction and be served for 24 hours. Today, ATM is come up to the level of an unmanned branch. The automatic financing system is developed as an essential one for dealing with the rationalization of management and the globalization of financing in order to improve the efficiency of financial management work and increase the customer service quality. With reducing the operational cost of financial organizations through the efficient maintenance operation of ATM and increasing the service quality through the maximization of its processing efficiency, this study is to draw the scheme to ensure the competitiveness among the finance companies. The importance of ATM is highly recognized as the utilization of ATM is increased and the processing function is extended, but ATM is quite vulnerable to the malfunction occurred during the nighttime after banking hours. The ATM maintenance is done through consignment to the specialized maintenance company. The efficient operation of ATM maintenance work is important to the satisfaction of customer using ATM in the nighttime.

A Research on the core PMO function and operation type for the IT project of financial industry in Korea (금융권 핵심 PMO 기능과 운영형태에 관한 연구)

  • Lee, Jae-Beom;Lee, Jae-Chul;Chang, Yun-Hi
    • Journal of Digital Convergence
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    • v.7 no.3
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    • pp.35-47
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    • 2009
  • The IS project is getting more and more complicated and large-scaled. Many researchers and practitioners are interested in the IS development methodologies, automated tools and techniques, TQM to decrease project failure, and to increase IS performance. But, in spite of such various efforts, the latest Standish Group's research indicates that the project scale is bulkier than $1{\sim}2$ year ago and IS development project's batting average falls from 34% to 28% at the same time, proceeded project is increased, and project discharged arrives to $15%{\sim}18%$. According to a research, success possibility increased by 37% after a year of PMO introduction, and increased sharply by 62% after 2 years and by 65% after S years. This research has a goal to survey how the PMO function and operation type affect the IS project performance in the financial industry. I determine nine independent variables and three dependent variables from previous researches. The results of this study are that the four core functions of PMO have relationship with project performance. But, technical support function does not relate with organization performance. Among the four core PMO operation types, three types have an effect on the IS project performance except the perfectionist type.

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An Empirical Research for the Software Process Capability and Organizational Performance in Korea (SW프로세스능력에 관한 현황과 기업성과에 관한 연구)

  • 나미자;남기찬;김정욱;박수용
    • Journal of Korean Society for Quality Management
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    • v.30 no.1
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    • pp.22-46
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    • 2002
  • Recently, increasing attention has been paid to building the software quality and software productivity due to ongoing software crisis. To overcome such problem, one of the many alternatives is to use the capability maturity model (CMM) suggested by the Software Engineering Institute(SEI), focusing on the improvement of software progress. This research is proposed the theoretical framework for CMM based on the previous studies, and review the status of software process on the software development organization. We then examine the impact of the software process capability on the organizational performance including financial measures and non-financial measures. Hypotheses on software process capability were tested 144 organizational units. The 62.5% of foreign companies are distribute to the second and third level, the Korean firms in this study are indicated the first level. Result indicate that maturity of software process may be served the key predictor of organizational performance, in particular the positive relationship between the software process and non-financial performance index such as customer service, IT Infrastructure, marketing, supplier and purchaser, production and operation.

Financial Application of Time Series Prediction based on Genetic Programming

  • Yoshihara, Ikuo;Aoyama, Tomoo;Yasunaga, Moritoshi
    • 제어로봇시스템학회:학술대회논문집
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    • 2000.10a
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    • pp.524-524
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    • 2000
  • We have been developing a method to build one-step-ahead prediction models for time series using genetic programming (GP). Our model building method consists of two stages. In the first stage, functional forms of the models are inherited from their parent models through crossover operation of GP. In the second stage, the parameters of the newborn model arc optimized based on an iterative method just like the back propagation. The proposed method has been applied to various kinds of time series problems. An application to the seismic ground motion was presented in the KACC'99, and since then the method has been improved in many aspects, for example, additions of new node functions, improvements of the node functions, and new exploitations of many kinds of mutation operators. The new ideas and trials enhance the ability to generate effective and complicated models and reduce CPU time. Today, we will present a couple of financial applications, espc:cially focusing on gold price prediction in Tokyo market.

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