• 대한안전경영과학회지
• /
• 제16권3호
• /
• pp.451-469
• /
• 2014

The purpose of this study is to implement and develop the integrated Economic Value Added (EVA) and Time-Driven Activity-Based Costing (TDABC) model to seek both improvement of Net Operating Profit Less Adjusted Tax (NOPLAT) and reduction of Capital Charge (CC). Net Operating Profit Less Adjusted Tax (NOPLAT) can be maximized by reducing the indirect cost of an unused resource capacity increased by Cost Capacity Ratio (CCR) of TDABC. On the other hand, Capital Charge (CC) can be minimized by improving the efficiency of Invested Capital (IC) considered by Weighted Average Cost of Capital (WACC) of EVA. In addition, the integrated system of TDABC using Balance Scorecard (BSC) and EVA is developed by linking between the lagging indicators and the three leading indicators. The three leading indicators include customer, internal process and growth and learning perspectives whereas the lagging indicator includes NOPLAT and CC in terms of financial perspective. When the Critical Success Factor (CSF) of BSC is cascading as a cause and an effect relationship, time driver of TDABC and capital driver of EVA can be used efficiently as Key Performance Indicator (KPI) of BSC. For a better understanding of the proposed EVA/TDABC model and BSC/EVA/TDABC model, numerical examples are derived from this paper. From the proposed model, the time driver of TDABC and the capital driver of EVA are known to lessen indirect cost from comprehensive income statement when increasing the efficiency of operating IC from the statement of financial position with unified KPI cascading of aligned BSC CSFs.

• 토지주택연구
• /
• 제14권4호
• /
• pp.39-46
• /
• 2023

본 연구에서는 'KRX건설 주가지수'와 '건설업 기업경기실사지수' 간의 관계를 분석하였다. 본 연구는 공표된 주가지수를 '추세요소'와 '잡음거래요소'로 분해하여 '주가지수 추세요소'와 '건설업BSI' 간의 관계, '주가지수 잡음거래요소'와 '건설업BSI' 간의 관계에 대해서 분석하였다는 측면에서 기존연구들과 차별을 두었다. Granger 인과관계 검정 결과에서는 '공표된 KRX건설', '추세요소', '잡음거래요소' 모두 '건설업BSI'에 대해 단방향의 Granger 인과관계가 존재함을 보였다. 즉, 추세요소는 건설업BSI를 선행하는 것으로 나타났으며, 주식시장의 일시적 심리적 요소, 과잉 반응 등에 의해 생성되는 '잡음거래요소'도 '건설업BSI'에 대해 선행관계에 있는 것으로 나타났다. 본 연구결과와 같이 건설업 주가지수의 움직임이 건설업 경영자들의 기대심리에 선행한다는 연구결과는 건설업 경영자들의 투자의욕에 주식시장의 움직임이 영향을 준다는 함의를 제시하고 있다.

• 천문학회보
• /
• 제36권2호
• /
• pp.87.2-87.2
• /
• 2011

Proper motion of sunspots in several active regions was studied to detect their indicator on flare onset, using data from the Solar Flare Telescope at Mitaka (four flaring active regions), TRACE (e.g. NOAA 0424, M1.7 flare on 5 Aug. 2003) and Hinode (e.g. NOAA 10930, X3.4 flare on 13 Dec. 2006). The proper motion of individual sunspots was derived using a local correlation tracking method. As a result, we found that the sunspots that are located under or close to a part of chromospheric flaring patches showed a change in their moving direction prior to the flare onset. The change in their movements took place a half to two hours before the flare onset. On the other hand, sunspots in non-flaring areas or non-flaring active regions did not show this kind of change. It is likely, therefore, that if a sunspot shows the particular movement, a chromospheric flare is to occur in its nearby region. In the most active regions, the part of flare ribbons was located on an emerging bipolar pair of sunspots. The disturbance in the usual motion of the bipolar sunspots and in other sunspots as well can be interpreted as a sign of magnetic shear development leading to final magnetic energy buildup before its sudden release. We suggest that the change in sunspot motion in a short time scale prior to the flare onset can be regarded as a good indicator in predicting the onset timing and location of chromospheric flares.

• 무역학회지
• /
• 제47권2호
• /
• pp.133-154
• /
• 2022

The Baltic Capesize Index (BCI), which is used as an indicator for marine transportation of steel raw materials, is one of the key economic indexes for managing the risk of loss due to rapid market fluctuations when steel companies establish business strategies and procuring plans for raw materials. Still, the conditions of supply and demand of steel raw materials has been extremely affected by volatility shocks from drastic events like the financial crisis such as the Lehman Brothers incident and changes in the external environment such as COVID-19. And, especially since the 2008 financial crisis, endeavors to predict the market conditions of the steel raw material is becoming more and more arduous for the deepening uncertainty and increased volatility of BCI, which has been used as a leading indicator of the real economy. This study investigates the correlation between the steel raw material market and the marine transportation market by estimating the spillover effect of information between markets. The vector error correction model (VECM) was used to analyze information transfer based on the correlation between the BCI and crude steel production, capesize fleet supply, raw material price, and cargo volume.

• 한국환경과학회지
• /
• 제33권6호
• /
• pp.345-353
• /
• 2024

As biodiversity loss has been highlighted as a global risk, biodiversity activities are gaining attention as a part of companies' Environmental, Social, and Governance (ESG) related management. This study evaluates various biodiversity activities of corporations based on domestic and international indicators. We present the role of corporations expressly in afforestation activities and suggest additional information that should be disclosed for the accurate verification of environmental values by third parties. KT&G was selected as the subject of the evaluation. The 4th National Biodiversity Strategy was used as a domestic indicator, and GRI Standard 304 as an international indicator. Companies can play a leading role in planning, implementing, and monitoring afforestation activities and should further disclose the species composition of the forests created and the age of the seedlings to enhance the credibility of the environmental values stated in their sustainability reports.

• 응용통계연구
• /
• 제28권3호
• /
• pp.457-465
• /
• 2015

경기침체가 장기화되고 세계적으로 저성장이 지속되면서 미래의 경기동향에 대한 예측의 중요성이 증폭되었다. 정부의 정책이 계획되면서부터 효과가 나타나기까지에는 시차가 존재하므로, 정책목표와 선행적 상관관계를 가지면서 목표의 미래 상황을 예측할 수 있는 유용한 지표의 개발에 관심이 모아진다. 본 연구에서는 통계청이 실시한 소비자 전망조사 결과가 미래의 실질성장에 유용한 선행적 정보를 제공했는지 평가해 보았다. 소비자들의 기대심리를 나타내는 체감지표를 사용하여 예측을 유발하는 통계모형을 설정한 후 미래의 실질성장에 대해 유의한 예측력을 갖는지 추정하였다. 소비자기대심리의 예측력은 먼 미래로 갈수록 정확도가 높아져 미래의 실질성장에 대해 선행적 정보를 주는 변수로 활용할 수 있는 것으로 판별된다.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권3호
• /
• pp.127-137
• /
• 2021

Mainland China area has been a long-term, major trade rival and partner of Taiwan, accounting for more than 40% of Taiwan's total annual trade exports, and so Sino-US trade friction is expected to have a significant impact on Taiwan's economy in the future. This study focuses on major bad news of Sino-US trade frictions and how it generates short-term shocks for Taiwan's equity market and fear sentiment. It further explores the mutual interpretation relationship between price changes such as VIX, Taiwan's stock market index, and the VIX ETF to identify which factors have information leadership as leading indicators. The study period covers 750 trading days from 2017/1/3 to 2020/1/31. This study finds that, when a policy news is announced, the stock market index falls significantly, the change in the trading price (net value) of the VIX ETF rises significantly, and the overprice rate significantly drops, but VIX does not, showing that fear sentiment exists in the Taiwan's market. The net value of the VIX ETF shows an information advantage as a leading indicator. This study suggests that, when the world's two largest economies clash over trade, the impact on Taiwan's equity market is inevitable, and that short-term fear effects will arise.

• 보건교육건강증진학회지
• /
• 제32권2호
• /
• pp.75-84
• /
• 2015

Objectives: This study examines that the compatibilities between the health promotion programs in community health center and the leading health indicators in National Health Plan. Methods: We analyzed health promotion programs associated with three health indicators; smoking(smoking rate in male), alcohol use(alcohol use rate in adults), obesity(obesity rate) in twenty five community health centers in Seoul. First, we classified three groups(excellent, fair and poor groups) using average scores of Seoul, that of Korea and National Health Plan2010 goals in three health indicators. Afterwards, we examined the compatibility between contents of health promotion programs regarding leading health indicators and the specific program activities. Results: The compatibility levels between health indicators and contents of health promotion programs was 80 % for smoking among fair and poor groups while fair and poor for smoking reported 60% and 70%, respectively. For obesity, excellent group reported 80% and fair group had 91%. Conclusion: In conclusion, although all districts were able to access available data for health indicators and health statistics every year, it seems that they did not only utilize these data enough in conjunction with health promotion programs but also did not integrate specific activities according to National Health Plan systematically.

• 한국토양비료학회지
• /
• 제37권3호
• /
• pp.192-198
• /
• 2004

The heavy dependence of modern science-based agriculture on chemicals such as fertilizers and pesticides, and heavy machinery gave rise to questions about long-term sustainability of agriculture in relation to degradation of soil quality. The research achievements and trends in developing soil quality indicators were introduced and discussed in this report. Organization for Economic Cooperation and Development (OECD) established 13 agri-environment indicators including soil quality indicator in 1994, collected the soil data and methodologies for development of soil quality indicators in OECD member countries responded to OECD questionnaires and published the OECD reports, Environmental Indicators for Agriculture Volume 1, 2, and 3. Leading countries such as USA, Canada and New Zealand collected national data and evaluated the data in aspect of soil quality. They developed the various methods for selecting a minimum data set (MDS), scoring the soil properties and calculating soil quality index integrating the score of each soil property.

• Smart Structures and Systems
• /
• 제11권3호
• /
• pp.299-314
• /
• 2013

This paper presents a nonlinear time series analysis technique for evaluating machine defect severity, based on the Recurrence Plot (RP) entropy. The RP entropy is calculated from the probability distribution of the diagonal line length in the recurrence plot, which graphically depicts a system's dynamics and provides a global picture of the autocorrelation in a time series over all available time-scales. Results of experimental studies conducted on a spindle-bearing test bed have demonstrated that, as the working condition of the bearing deteriorates due to the initiation and/or progression of structural damages, the frequency information contained in the vibration signal becomes increasingly complex, leading to the increase of the RP entropy. As a result, RP entropy can serve as an effective indicator for defect severity assessment of rolling bearings.