• Title/Summary/Keyword: Performance-based

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A Study of Economic Value Added Disclosures in the Annual Reports: Is EVA a Superior Measure of Corporate Performance?

  • Bhasin, Madan Lal
    • East Asian Journal of Business Economics (EAJBE)
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    • v.5 no.1
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    • pp.10-26
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    • 2017
  • This paper explains the concept of Economic Value Added (EVA) that is gaining popularity in India. We also examine whether EVA is a superior performance measure, both for corporate disclosure and for internal governance. Of late, companies in India have started focusing on shareholders wealth creation by adopting value-based models for measuring shareholder value that helps to align managerial decision-making with the firm preferences. In recent years, the EVA framework is gradually replacing the 'traditional' measures of financial performance on account of its robustness and its immunity from 'creative' accounting. Even though some leading Indian companies have already joined the band wagon of their American counterparts in adapting the EVA-based corporate performance systems, many other are hesitating as there is no strong evidence that the EVA system works in India. Till now, EVA disclosures are "not mandatory for the Indian companies." Also, we examine the value-creation strategies of selected Indian companies by analyzing whether EVA better represents the market-value of these companies in comparison to conventional performance measures. The study indicates that "there is no strong evidence to support Stern Stewart's claim that EVA is superior to the traditional performance measures in its association with MVA." As part of this study, we have also extensively surveyed the EVA disclosures in the Annual Reports made by the same sample group of 500 corporations from India.

Development of Human Performance Measures for Human Factors Validation in Advanced Nuclear Power Plants (신형원전 주제어실 인적요소 검증을 위한 인적수행도 평가척도 개발)

  • Ha, Jun-Su;Seong, Poong-Hyun
    • Journal of the Ergonomics Society of Korea
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    • v.25 no.3
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    • pp.85-96
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    • 2006
  • Main control room(MCR) man-machine interface(MMI) design of advanced nuclear power plants(NPPs) such as APR(advanced power reactor)-1400 can be validated through performance-based tests to determine whether it acceptably supports safe operation of the plant. In this work, plant performance, personnel task, situation awareness, workload, teamwork, and anthropometric/physiological factor are considered as factors for the human performance evaluation. For development of measures in each of the factors, techniques generally used in various industries and empirically proven to be useful are adopted as main measures and some helpful techniques are developed in order to complement the main measures. Also the development of the measures is addressed based on the theoretical background. Finally we discuss the way in which the measures can be effectively integrated and then HUPESS(HUman Performance Evaluation Support System) which is in development based on the integrated way is briefly introduced.

Economic Evaluation of Coals Imported in Last 3 Years for Power Plant Based on Thermal Performance Analysis (최근 3년간 수입 유연탄 분석 및 연소열성능 해석을 활용한 석탄화력 발전소 탄종 경제성 평가 연구)

  • Baek, Sehyun;Park, Hoyoung;Ko, Sung Ho
    • Journal of the Korean Society of Combustion
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    • v.18 no.3
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    • pp.44-53
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    • 2013
  • In this study, the economic evaluation for imported coals was conducted for power plant based on thermo-dynamical performance analysis. The number of coal types considered was 1,755 imported by five power generation companies in Korea during the 2010-2012. The higher heating value (HHV) of the coals ranged 4,000-6,500 kcal/kg, mostly sub-bituminous. The 1D thermo-dynamical performance modeling was performed for a 500 MWe standard power plant using PROATES code. It was founded that the low rank coals had negative effects on the plant efficiency mainly due to the increased heat loss by moisture, hydrogen and flue gas. Based on the performance analysis, the economic performance of the coals was evaluated. The apparent price of low-rank coals tended to be significantly lower than design coal; for example, the unit price of coal with a HHV of 4,000 kcal/kg was 57% of the reference coal having 6,080 kcal/kg. Considering the negative effects leading to a decrease in the thermal performance, heating value compensation, and increased parasite load, the corrected unit cost for the coal with 4,000 kcal/kg was 90.7% of the reference coal. Overall, the cost saving by imported coals was not high as expected.

An Analysis of the Management Performance of GCM Farm in Chonnam based on the Multifaceted Approach (다면적 접근방법을 이용한 전남지역 GCM 실천농가의 경영성과 분석)

  • Seo, Jeong-Won;Jian, Jun;Kim, In-Seck
    • Korean Journal of Organic Agriculture
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    • v.26 no.1
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    • pp.1-17
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    • 2018
  • This study analyzes the management performance of environmentally-friendly rice farms using GCM method based on the multifaceted approach. This approach compares the management performance of GCM farms before and after the introduction of GCM, as well as the performance of GCM farms with the performance of conventional farms. It also compares the technical and managerial competence level of surveyed GCM farms with that of conventional farms based on the standard diagnosis table developed by Rural Development Adminstration. Results showed that average income has increased after the introduction of the GCM method and the average income of GCM farms was higher than that of conventional farms, while the level of rice production in farms using GCM method was lower than that of conventional farms. In addition, the technical and managerial competence score of surveyed farms using GCM method was higher than that of conventional farms. These results implies that the higher management performance of GCM farms compared to the conventional farms is attributed to not only the GCM method but also the competence level of farms using GCM method.

A study on the Implementation of Sales Force Management and the Performance according to Strategy types of Business Unit (전략유형과 성과에 관한 연구 -판매력 관리 실행 중심으로-)

  • Lee Sun-Kyu;Seo Myoung-Gee;Lee Ung-Hee
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.27 no.4
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    • pp.33-41
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    • 2004
  • This study examines the relationship between multiple sales force management practices and performance within each of Miles & Snow (1978)'s strategy types and Walker & Ruekert (1987)'s strategy types. The findings are as follows : First, Prospectors seem to be associated with increased performance when they are utilizing a relationship selling strategy, internal sales force, moderate levels of supervision, outcome-based control system and incentive-oriented compensation system. Second, Analyzers seem to be associated with increased performance when they are utilizing a relationship selling strategy, internal sales force, outcome-based control system to deal with the instability in their strategic focus. Third, Low Cost Defender seem to be associated with increased performance when they are utilizing a relationship selling strategy, external sales force, low levels of supervision, outcome-based control system and salary-oriented compensation system. Fourth, Differentiated Defenders seem to be associated with increased performance when they are utilizing a relationship selling strategy, high levels of supervision, balanced (outcome+behavior) control system and salary-oriented compensation system.

Study on Memory Performance Improvement based on Machine Learning (머신러닝 기반 메모리 성능 개선 연구)

  • Cho, Doosan
    • The Journal of the Convergence on Culture Technology
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    • v.7 no.1
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    • pp.615-619
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    • 2021
  • This study focuses on memory systems that are optimized to increase performance and energy efficiency in many embedded systems such as IoT, cloud computing, and edge computing, and proposes a performance improvement technique. The proposed technique improves memory system performance based on machine learning algorithms that are widely used in many applications. The machine learning technique can be used for various applications through supervised learning, and can be applied to a data classification task used in improving memory system performance. Data classification based on highly accurate machine learning techniques enables data to be appropriately arranged according to data usage patterns, thereby improving overall system performance.

The Job Performance, Importance, and Difficulty in Surgical Clinical Practice Nurses using Importance-Performance Analysis (중요도-수행도 매트릭스 분석 기법을 활용한 외과계 임상전담간호사의 업무 수행도, 중요도, 난이도)

  • Jung, Ji hye;Ha, Yeongmi
    • Journal of Korean Clinical Nursing Research
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    • v.29 no.1
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    • pp.121-134
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    • 2023
  • Purpose: The purpose of this study was to describe the job performance, importance, and difficulty in Surgical Clinical Practice Nurses (SCPNs), and to identify the priority of job tasks using Importance-Performance Analysis (IPA). Methods: One hundred SCPNs were recruited from two university hospitals and two general hospitals during November 2021 to April 2022. A total of 97 data were analyzed excluding 3 data due to missing responses. The data were analyzed by two groups, with Ward-Based SCPNs (W-SCPNs) and Operation Room-Based SCPNs (OR-SCPNs) according to different characteristics of job tasks. Results: There were differences of job performance between W-SCPNs and OR-SCPNs. As a result of the IPA, tasks of 'working practices in the ward' for W-SCPNs and those of 'surgery and treatments' for OR-SCPNs were included in the first quadrant (keep up the good work). 'Resarch' and 'leardership' were included in the third quadrant (low priority). Conclusion: Since there are differences in job tasks between W-SCPNs and OR-SCPNs, health care institutions should consider the differences in defining the scope of job performance. Furthermore, it is necessary to develop customized continuing education program based on our findings of IPA.

Analyze Theme Trend for Subscription Performance of Professional Dance Groups (직업무용단체 정기공연의 주제경향 분석)

  • Sim, Da-Som;Kim, Sun-Jung
    • The Journal of the Korea Contents Association
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    • v.13 no.12
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    • pp.136-148
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    • 2013
  • I would like to trace back periodic social trend by searching if regular performance might have reflected on social trend on its theme by analyzing theme trend of The National Dance Company of Korea, Dance Company of Seoul city, Dance Company of KyungKi-Do and to provide the meaningful results for further study by checking if the theme of dancing performance is in relation with social structure. To perform this research, I had studied on previous thesis and reference books. For example, I selected three groups, of The National Dance Company of Korea, Dance Company of Seoul city, Dance Company of KyungKi-Do, to research their theme of regular performance through checking previous thesis related to, performance material, news articles, pamphlets from beginning to present. How to analyze is being proceeded from foundation of dancing company to present according to Kim Byungseok's classification method, which was consistently used for searching theme trend from previous study as below; 1) Theme based on traditional conscious,2) Theme based on Literature, 3) Theme based on Historic issues, 4) Theme based on abstract, 5) Theme based on reality, 6)Theme based on social issues.

The Design and Performance Verification of Real-Time Inspection Equipment Software based on Windows Operating System (윈도우 운영체제 기반의 실시간 점검장비 소프트웨어 설계 및 성능검증)

  • Kim, Hyo-Joung;Heo, Yong-Kwan;Kwon, Byung-Gi
    • The Journal of the Korea Contents Association
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    • v.17 no.10
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    • pp.1-8
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    • 2017
  • As the recent advancement of military equipment has been accelerated, it is becoming more important to act as an inspection device that verifies the performance of equipment in real time. Most of the inspection equipments were developed on the Windows OS based system. considering development convenience and development period. However, sice the data communication between these models occurs asynchronously, there is a problem that it is difficult to guarantee real-time performance of the window-based inspection equiment. To solve these problems, we use real-time commercial solutions to guarantee the real-time performance of Windows-based inspection equipment. In this paper, we propose a method of designing and implementing the inspection equipment software based on Real-Time implanted Kernel-Multi Processor (RTiK-MP) operating in Windows environment. In addition, real-time performance data accuracy was measured through a high-speed communication tool and interlocking test to verify the performance of the inspection device based on the real-time porting kernel.

A Study on Performance and Prediction Factors in College and University Libraries using Statistical Analyses (대학도서관 통계분석을 통한 대학도서관 성과 및 영향요인에 대한 연구)

  • Kim, Giyeong;Choi, Yoonhee;Kang, Jaeyeon;Go, Pyeongjin
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.25 no.3
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    • pp.191-214
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    • 2014
  • The goal of this study is an exploratory statistical analysis of the university and college library statistics in the Academic Information Statistics System(rinfo.kr) governed of Korean Education and Research Information Service(KERIS) with performance measures based on sustainability. For the goal, we adopt a preprocessing method to develop change-rate variables by considering preceding predictive elements and succeeding performance elements, and to control external factors, such as size and socioeconomic factors. Then we execute a series of factor analyses and multiple linear regression analyses. 13 factors are extracted by the factor analyses and some sets of significant variables affecting the performance measures are identified through the regression analyses. Based on the results, we discuss the problem of out-lier and low correlation between variables. A suggestion for developing new variables is also discussed based on low effect sizes of the developed regression models. We hope that this study contributes to diffuse discussions on statistics system, evaluation, and further library management based on sustainability.