• 제목/요약/키워드: Options Market

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재난 피해지역 사회적 경제조직의 역할과 온라인 기부 시스템 -동일본 대지진 피해지역을 중심으로- (Roles of Social Economic Organization and Online Donation System at Disaster Area: Focusing on East Japan Earthquake Damaged Area)

  • 네모토 마사쯔구
    • 한국콘텐츠학회논문지
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    • 제14권6호
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    • pp.119-128
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    • 2014
  • 재난 피해지역 사회적 경제조직의 역할 중요성에 대한 인식이 높아짐에 따라 이에 대한 기부 또한 늘고 있다. 이재민에게 직접 전달되는 의연금과 달리 피해지역 지원활동의 자금으로 전달되는 새로운 흐름이 일어나고 있는 것이다. 그동안 의연금에 치중되어 온 국내 기존연구에 더하여 본 논문은 사회적 경제조직 및 기부가 증가하고 있는 일본사례를 분석함으로써 한국에 대한 시사점을 도출하고자 하였다. 구체적으로 동일본 대지진 피해지역 사회적 경제조직과 온라인 기부 시스템에 초점을 맞추었고, 분석결과, 서비스 이용자에게 선택권을 부여함으로써 건전한 사회적 경제 시장 형성 및 고용창출에 기여하는 바우처 방식과, 지원자와 지원을 받는 자 간의 공감대 형성에 기여하는 시민기금이라는 두 가지 온라인 기부방식의 유효성이 제시되었다.

기본적 분석방법을 통한 주식 투자 전략에 관한 시뮬레이션 연구 (A Simulation Study of the Investment Strategy in Stocks on Fundamental Analysis)

  • 구승환;장성용
    • 경영과학
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    • 제29권2호
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    • pp.53-64
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    • 2012
  • This paper is about the investment strategy in stocks on Fundamental analysis. Financial data of stocks from January 2. 2001 through October 30. 2009 were utilized in order to suggest the investment strategies. Fundamental analysis was used in stocks-related strategy. The portfolios are composed of 3 criteria such as the buying criteria score, exchange cycle and selling conditions. The buying criteria score is determined assigned to each stock index according to the satisfaction condition of 15 parameters selected considering the grue's criteria. The stock buying alternatives has two options with buying stocks over 13 points and over 14 points of buying criteria score. The seven exchange cycles and three selling methods are considered. So total number of portfolios is 42($2{\times}7{\times}3=42$). The simulation has been executed about each 42 portfolios and we figured out with the simulation result that 83.33% of 35 portfolios are more profitable than average stock market profit(203.43%). The outcome of this research is summarized in two parts. First, it's the exchange strategy of portfolio. The result shows that value-oriented investment (long-term investment) strategy yields much higher than short-term investment strategies of stocks. Second, it's about the exchange cycle forming the portfolios. The result shows that the rate of return for the portfolio is the best when exchange cycle is 18 months.

Eliminating Waste : Strategies for Sustainable Manure Management - Review -

  • Richard, T.L.;Choi, H.L.
    • Asian-Australasian Journal of Animal Sciences
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    • 제12권7호
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    • pp.1162-1169
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    • 1999
  • Modern livestock production facilities face both challenges and opportunities with respect to sustainable manure management practices. Nutrient recycling is constrained by the size of modern livestock operations, the low nutrient density of liquid manures, and the spatial and temporal variability of manure nutrient concentrations. These constraints can and must be addressed or farmers will be increasingly drawn to nutrient wasting strategies such as anaerobic lagoons, wetlands, and other systems designed to treat and discharge nutrients to the environment. Intentional discharge of nutrients is difficult to justify in a sustainable agricultural production system, since replacing those nutrients through chemical fertilization requires considerable expenditure of energy. In contrast, there are several currently viable technologies which provide the homogenization and stabilization needed to successfully compete against chemical fertilizers, including composting, pelletization, and anaerobic digestion. Some of these technologies, particularly anaerobic digestion and composting, also open up increased opportunities to market the energy and nutrients in manure to non-agricultural uses. Future advances in biotechnology are likely to demonstrate additional options to transform manure into fuels, chemicals, and other non-agricultural products.

영국보험계약법 상 고지의무 문제와 2012년 소비자보험(고지.표시)법에 관한 연구 (Some Problems Disclosure on the Insurance Contract Law in UK and The Consumer Insurance(Disclosure & Representations), 2012)

  • 윤승국
    • 무역상무연구
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    • 제61권
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    • pp.139-163
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    • 2014
  • Recently with making of 'The Consumer Insurance (Disclosure and Representations) Act 2012(hereunder CIA)', the UK revised the duty of disclosure especially with the consumer insurance contract. According to the CIA, if the misrepresentation was careless, the insurer may have the three options based upon what the insurer would have done had the consumer taken care to answer the question accurately; a compensatory remedy, avoidance of the insurance contract or, amendment of the contract. I realized that the establishment of CIA has been exposed to pro-actively relieve the breach of Warranty and Disclosure, Representations as far as required by the Global Insurance market. It was found that it is expected to bring significant changes in UK Insurance Act system of the 21st century, and prepares competition from neighboring countries. On the other hand, in the common law system, countries under MIA(1906) are trying to address the breach of warranty and Disclosure, Representations, except the UK cannot completely adhere with a positive attitude.

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실물옵션 기법을 응용한 부동산 가치평가 연구: 인구구조 변화를 고려하여 (A Study on the Valuation of Real Estate Using the Applies Real Option Model Considering Population Structure Changes)

  • 구승환;왕핑;장성용
    • 경영과학
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    • 제31권1호
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    • pp.17-26
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    • 2014
  • This study presents a new real estate value analysis model considering the changes in the population structure. We propose a new model that takes advantage of the binomial option model one of the techniques of real options and considers the changes in the population structure. The real estate market price data of Seoul city from year 2001 to 2012 were extracted and the correlation analysis between real estate prices and changes in the population structure was performed. The result shows that they have positive correlation with one year time lag. The coefficient between the real estate prices and demographic changes was estimated using the OLS analysis and included in the traditional binomial option model to calculate the value of the property. It is assumed for the future price prediction that real estate invested in Seoul in January, 2013 will be sold within five years. Analysis result shows that the values of real estate in September of 2013 were predicted as 583.5 million won in the new model and as 582.4 million won in the traditional model. This reflects that the new model considering the change of population change gives better realistic performance than the traditional one.

생태학적 접근으로 본 말레이시아 거주 한인 여성의 주거경험 (An Ecological Approach to Housing Experience of Korean Women in Malaysia)

  • 홍형옥
    • Human Ecology Research
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    • 제53권4호
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    • pp.375-390
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    • 2015
  • This study was designed to understand the residential experience of Korean women living in tropical country. For qualitative research, interviewees were selected by snowball sampling among Korean women living in Malaysia for over 20 years. The selection criteria for interviewees included husband's nationality, occupational experience, future living plan, frequency of travel to Korea. In-depth group and individual interviews were conducted from August 23 to October 7 2014. Subsequently (1) interviewees' general residential experiences in Malaysia were summarized, (2) interviewee's identity and lifestyle with housing pathways approach were clarified, (3) interviewees' residential experiences in 5 issues, reciprocity in residential area, intention of environmental change, meaning of housing and interaction, housing adaptation, and residential satisfaction/dissatisfaction were prescribed and interpreted. In conclusion, the reflection of interviewees' experiences in tropical country, suggested variations of housing structure type within a residential complex, air well and pocket by setback in building block for improving ventilation and noise prevention from neighbors, and ceiling fans in the house were suggested for the upcoming subtropical climate in Korea. Full option and minus options were also suggested for the presale market to reduce before occupancy remodeling needs. The research results implies valuable suggestions for a multicultural society, ecological housing and stronger communities.

다품종 제품과 전용 대기공간을 고려한 다단계 베르누이 라인을 위한 성능 모델 (Performance Models of Multi-stage Bernoulli Lines with Multiple Product and Dedicated Buffers)

  • 박경수;한준희;김우성
    • 산업경영시스템학회지
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    • 제44권3호
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    • pp.22-32
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    • 2021
  • To meet rapidly changing market demands, manufacturers strive to increase both of productivity and diversity at the same time. As a part of those effort, they are applying flexible manufacturing systems that produce multiple types and/or options of products at a single production line. This paper studies such flexible manufacturing system with multiple types of products, multiple Bernoulli reliability machines and dedicated buffers between them for each of product types. As one of the prevalent control policies, priority based policy is applied at each machines to select the product to be processed. To analyze such system and its performance measures exactly, Markov chain models are applied. Because it is too complex to define all relative transient and its probabilities for each state, an algorithm to update transient state probability are introduced. Based on the steady state probability, some performance measures such as production rate, WIP-based measures, blocking probability and starvation probability are derived. Some system properties are also addressed. There is a property of non-conservation of flow, which means the product ratio at the input flow is not conserved at the succeeding flows. In addition, it is also found that increased buffer capacity does not guarantee improved production rate in this system.

Multi-criteria analysis of five reinforcement options for Peruvian confined masonry walls

  • Tarque, Nicola;Salsavilca, Jhoselyn;Yacila, Jhair;Camata, Guido
    • Earthquakes and Structures
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    • 제17권2호
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    • pp.205-219
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    • 2019
  • In Peru, construction of dwellings using confined masonry walls (CM) has a high percentage of acceptance within many sectors of the population. It is estimated that only in Lima, 80% of the constructions use CM and at least 70% of these are informal constructions. This mean that they are built without proper technical advice and generally have a high seismic vulnerability. One way to reduce this vulnerability is by reinforcing the walls. However, despite the existence of some reinforcement methods in the market, not all of them can be applied massively because there are other parameters to take into account, as economical, criteria for seismic improvement, reinforcement ratio, etc. Therefore, in this paper the feasibility of using five reinforcement techniques has been studied and compared. These reinforcements are: welded mesh (WM), glass fiber reinforced polymer (GFRP), carbon fiber reinforced polymer (CFRP), steel bar wire mesh (CSM), steel reinforced grout (SRG). The Multi-Criteria Decision Making (MCDM) method can be useful to evaluate the most optimal strengthening technique for a fast, effective and massive use plan in Peru. The results of using MCDM with 10 criteria indicate that the Carbon Fiber Reinforced Polymer (CFRP) and Steel Reinforced Grout (SRG) methods are the most suitable for a massive reinforcement application in Lima.

The Relationship Between Debt Literacy and Peer-To-Peer Lending: A Case Study in Indonesia

  • HIDAJAT, Taofik
    • The Journal of Asian Finance, Economics and Business
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    • 제8권5호
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    • pp.403-411
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    • 2021
  • This paper discusses the relationship between debt literacy, peer-to-peer lending, and over-indebtedness in Indonesia. It is essential because the number of loans on this platform continues to increase, both legal and illegal. Data was collected online in collaboration with commercial market research firms, JajakPendapat.net. Debt literacy and over-indebtedness were measured by self-assessment with questions from Lusardi and Tufano (2009a). Questions for debt literacy are about interest compounding, debt interest, and the application of time value of money in payment options. The question for over-indebtedness is about the amount of debt and the conditions resulting from that debt. By using descriptive methods, it is clear that the majority of respondents, both borrowers and non-peer-to-peer lending borrowers are debt illiterate, and those who have poor debt literacy have huge debt. Overall, only 1.85% of the respondents were debt literate. Those who live on the island of Java have better literacy because they are the center of economic growth in Indonesia. Debt from peer-to-peer (P2P) lending also has the potential to create problems, namely over-indebtedness. P2P lending borrowers also have very poor debt literacy. However, there is no difference in debt literacy between P2P lending borrowers and non-P2P lending borrowers.

Is It Possible to Achieve IMO Carbon Emission Reduction Targets at the Current Pace of Technological Progress?

  • Choi, Gun-Woo;Yun, Heesung;Hwang, Soo-Jin
    • Journal of Korea Trade
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    • 제26권1호
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    • pp.113-125
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    • 2022
  • Purpose - The primary purpose of this study is to verify whether the target set out by the International Maritime Organization (IMO) for reducing carbon emissions from ships can be achieved by quantitatively analyzing the trends in technological advances of fuel oil consumption in the container shipping market. To achieve this purpose, several scenarios are designed considering various options such as eco-friendly fuels, low-speed operation, and the growth in ship size. Design/methodology - The vessel size and speed used in prior studies are utilized to estimate the fuel oil consumption of container ships and the pace of technological progress and Energy Efficiency Design Index (EEDI) regulations are added. A database of 5,260 container ships, as of 2019, is used for multiple linear regression and quantile regression analyses. Findings - The fuel oil consumption of vessels is predominantly affected by their speed, followed by their size, and the annual technological progress is estimated to be 0.57%. As the quantile increases, the influence of ship size and pace of technological progress increases, while the influence of speed and coefficient of EEDI variables decreases. Originality/value - The conservative estimation of carbon emission drawn by a quantitative analysis of the technological progress concerning the fuel efficiency of container vessels shows that it is not possible to achieve IMO targets. Therefore, innovative efforts beyond the current scope of technological progress are required.