• Title/Summary/Keyword: Monetary value

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Application of Multi-Attribute Utility Analysis for the Decision Support of Countermeasures in Early Phase of a Nuclear Emergency (원자력 사고시 초기 비상대응 결정지원을 위한 다속성 효용 분석법의 적용)

  • Hwang, Won-Tae;Kim, Eun-Han;Suh, Kyung-Suk;Jeong, Hyo-Joon;Han, Moon-Hee;Lee, Chang-Woo
    • Journal of Radiation Protection and Research
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    • v.29 no.1
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    • pp.65-71
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    • 2004
  • A multi-attribute utility analysis was investigated as a tool for the decision support of countermeasures in early phase of a nuclear accident. The utility function of attributes was assumed to be the second order polynomial expressions, and the weighting constant of attributes was determined using a swing weighting method. Because the main objective of this study focuses on the applicability of a multi-attribute utility analysis as a tool for the decision support of countermeasures in early phase of a nuclear accident, less quantifiable attributes were not included due to lack of information. In postulated accidental scenarios for the application of the designed methodology, the variation of the numerical values of total utility for the considered actions, e.g. sheltering, evacuation and no action, was investigated according to the variation of attributes. As a result, it was shown that the numerical values of total utility for the actions are distinctly different depending on the exposure dose and monetary value of dose. As increasing in both attributes, the rank of the numerical values of total utility increased for evacuation, which is more extreme action than for sheltering, while that of no action decreased. As expected probability of high dose is higher, the break-even values for the monetary value of dose, which are the monetary value of dose when the ranking of actions is changed, were lower. In audition, as aversion psychology for dose is higher, the break-even values for dose were lower.

An Economic Contribution of Housework (주부의 가사노동의 경제적 기여도)

  • 김정희
    • Journal of Families and Better Life
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    • v.17 no.2
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    • pp.19-30
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    • 1999
  • The measurement of women's unpaid work is one of the important issues for the improvement of women's status and establishment of a women policy. The purpose of this study is to measure of household production of housewife and to estimate the ratio to GDP. And to emphasize the political meaning of housework The results are as follow; 1) The monetary value of housework of one housewife in 1995 was 783,050won by opportunity cost method . 2) The ratio of household production to GDP 1995 was approximately 16.5%.

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History of The Legal Developments of Corporations in Saudi Arabia

  • Alzhrani, Abdulrahman AA
    • International Journal of Computer Science & Network Security
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    • v.22 no.8
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    • pp.420-424
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    • 2022
  • The Arab Automotive Company was the first corporation in Saudi Arabia and was founded in 1928. Since then, the number of Saudi corporations had increased. In 1985, Tadawul (The Saudi Stock Exchange ) was instituted under the supervision of the Saudi Arabian Monetary Authority (SAMA) and the base value of the index was 1000. This decision came as a response to accelerated growth in the number of Saudi corporations which had increased during the 1970s as the Saudi's economy developed.

An Assessment of IT ROI by Estimating the Monetary Value of Non-financial Benefits (비재무적인 효과의 화폐가치화를 위한 IT ROI의 평가)

  • Kim, Young-Woon;Chong, Ki-Won
    • The Journal of Society for e-Business Studies
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    • v.11 no.1
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    • pp.91-112
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    • 2006
  • Unlike typical corporate investments, IT expenditures have direct impact on many aspects of a business, including those that are difficult to quantify. Therefore, financial indicators alone do not do justice to the full effect of an If investment. Proposed in this paper is a methodology to measure the return on IT investments, including non-financial impacts expressed in terms of monetary values. This methodology shows tangible cost as well as hidden cost by analyzing total cost of ownership. The methodology also produces ROI by performing cost benefit analysis including financial and non-financial factors. This paper suggests a more objective validation of If's impact on the business activities. It rationalizes investment priorities and provides a systematic approach to effective IT investment.

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Measuring Nuclear Power Plant Negative Externalities through the Life Satisfaction Approach: The Case of Ulsan City

  • LEE, KYE WOO;YOO, SE JONG
    • KDI Journal of Economic Policy
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    • v.40 no.1
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    • pp.67-83
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    • 2018
  • We have hypothesized that nuclear risk is significantly inversely related to the distance from residences to nuclear power plants and that the level of life satisfaction of residents therefore increases with the distance. We empirically explore the relationship between Ulsan citizens' life satisfaction levels and the distance between their residences and the Kori and Wolsong nuclear power plants (NPP) based on the life satisfaction approach (LSA). The dataset we used covers only Ulsan citizens from the biennial Ulsan Statistics on Citizen's Living Condition and Consciousness of 2014 and 2016. Controlling for micro-variables such as education, work satisfaction, gender, marital status, and expenditures, we found a statistically significant relationship between life satisfaction and the distance between the residences and the nuclear power plants. Nuclear negative externalities including (i) health and environmental impact, (ii) radioactive waste disposal, and (iii) the effect of severe accidents can be quantified in terms of LS units and monetary units. We were able to calculate the monetary value of NPP externalities at $277 per kilometer of distance for Kori and $280 per kilometer of distance for Wolsong at constant 2015 prices. These estimates are quite different from the traditional estimates made with the contingent valuation method, whereas they are similar to the findings of LSA studies abroad. Hence, the need to adopt the LSA in South Korea and policy implications are demonstrated.

Factors Affecting Financial Independence of Young Adults: An Empirical Study in Vietnam

  • NGUYEN, Lan;TRINH, Quyen Thi;TRAN, Thao Ngoc Minh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.97-107
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    • 2021
  • Nowadays, with the constant enhancement in the health of the economy, the average income and living standard have accordingly increased, making the need for financial independence a favorable choice. This research aims to identify the factors affecting the financial independence of young people. The authors implement quantitative analysis, with a set of primary data collected from a survey of 2664 Vietnamese people aged from 18 to 28. The research results demonstrate the considerable impact of monetary, psychological, group-related, and family-related factors on the financial independence of young people. The results of the sample analysis provide adequate evidence to reject the correlative relationship between family and group factors and the financial independence of young people. In addition, there are 3 factors, including demographic factors, monetary factors, and psychological factors, all have varying degrees and directions of influence on young people's financial independence. Most of the mentioned variables reflect a positive effect on financial independence. The only exception is the education variable, illustrated by its negative standardized beta value. A significant difference in financial independence between genders also is reported, suggesting that males seem to have a higher level of financial independence than females.

Development of the Assessment Framework for the Environmental Impacts in Construction

  • Tahoon Hong;Changwoon Ji;Kwangbok Jeong;Joowan Park
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.196-203
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    • 2013
  • Environmental problems like global warming have now become important issues that should be considered in all industries, including construction. In South Korea, many studies have been conducted to achieve the government's goals of reduction in environmental impacts. However, the research on buildings has only focused on CO2 emission as a research target despite the fact that other environmental impacts resulting from ozone depletion and acidification should also be considered, in addition to global warming. In this regard, this study attempted to propose assessment criteria and methods to evaluate the environmental performance of the structures from various aspects. The environmental impact category can be divided into global impacts, regional impacts, and local impacts. First, global impacts include global warming, ozone layer depletion, and abiotic resource depletion, while regional impacts include acidification, eutrophication, and photochemical oxidation. In addition, noise and vibration occurring in the building construction phase are defined as local impacts. The evaluation methods on the eight environmental impacts will be proposed after analyzing existing studies, and the methods representing each environmental load as monetary value will be presented. The methods presented in this study will present benefits that can be obtained through green buildings with a clear quantitative assessment on structures. Ultimately, it is expected that if the effects of green buildings are clearly presented through the findings of this study, the greening of structures will be actively expanded.

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The Effect of Value Orientations and the Money Spending Styles on Monet Management of High School Girls (여고생의 가치지향성과 금전사용양식이 금전관리행동에 미치는 영향)

  • 양남희;홍은실
    • Journal of Korean Home Economics Education Association
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    • v.13 no.2
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    • pp.37-46
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    • 2001
  • The purpose of this study was to examine the influences of 4-value orientations. the 5 money spending styles. and the background variables to the desired money management behavior of high school girls. The samples were selected from 498 high school girls. Cronbach'a and Multiple regression were used as statistical analysis. The results were summarized as follows : Resulting from multiple regression analysis, the desired money management behavior of high school girls had the positive linear relationships with the variables such as financial satisfaction. goal-oriented value. and 4 money spending styles - security. conspicuous. non-monetary. and unconcerned - in five money spending styles. The most influential variable was money spending styles.

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The Effect of Value Orientations and the Money Spending Style on Money Management of High School Girls (여고생의 가치지향성과 금전사용양식이 금전관리행동에 미치는 영향)

  • Yang, Nam Hui;Hong, Eun Sil
    • Journal of Korean Home Economics Education Association
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    • v.13 no.2
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    • pp.27-27
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    • 2001
  • The purpose of this study was to examine the influences of 4-value orientations the 5 money spending styles. and the background variables to the desired money management behavior of high school girls The samples were selected from 498 high school girls. Cronbach'α and Multiple regression were used as statistical analysis.The results were summarized as follows : Resulting from multiple regression analysis, the desired money management behavior of high school girls had the positive linear relationships with the variables such as financial satisfaction. goal-oriented value, and 4 money spending styles - security, conspicuous, non-monetary, and unconcerned - in five money spending ,styles. The most influential variable was money spending styles.

Uncertainty, View, and Hedging: Optimal Choice of Instrument and Strike for Value Maximization

  • Kwon, Oh-Sang
    • Management Science and Financial Engineering
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    • v.17 no.2
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    • pp.99-129
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    • 2011
  • This paper analytically studies how to choose hedging instrument for firms with steady operating cash flows from value maximization perspective. I derive a formula to determine option's optimal strike that makes hedged cash flow have the best monetary payoff given a hedger's view on the underlying asset. I find that not only the expected mean but also the expected standard deviation of the underlying asset in relation to the forward price and the implied volatility play a crucial role in making optimal hedging decision. Higher moments play a certain part in hedging decision but to a lesser degree.