• 제목/요약/키워드: Post-M&A Integration

검색결과 35건 처리시간 0.026초

경쟁력 변수에 기초한 글로벌 철강업체의 M&A 성과 (An Analysis on M&A Performance of Global Steel Companies through Competitiveness Variables)

  • 허광숙;김진한
    • 한국경영과학회지
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    • 제34권4호
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    • pp.1-14
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    • 2009
  • This study empirically tests post-M&A performance through competitiveness variables based on extensive firm-based panel data over the past 26 years in the world steel industry. Different measures of profitability, productivity, efficiency, market share, and growth rate which are considered as critical factors of competitiveness are used in the analysis. In particular, this paper tries to separate M&A samples into two cases; horizontal integration (between steel makers) and vertical integration (between steel makers and iron ore suppliers/steel consuming firms). Merged firms show significant improvement in competitiveness relative to other individual firms in the steel industry.

M & A 아카데미 - PMI(인수 후 통합)의 유형과 전략

  • 연규동
    • 벤처다이제스트
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    • 제2호통권127호
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    • pp.34-35
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    • 2009
  • M&A 과정을 크게 둘로 구분하다면 하나는 M&A 계약 자체의 성사에 이르는 '딜메이킹(Deal Making)' 과정과 다른 하나는 'PMI(Post-Merger Integration)', 즉 인수 후 통합과정이다. 많은 기업들이 성공적인 M&A를 위해 기업가치평가, 실사, 계약서 등에 명시돼야 할 권리 및 의무관계, 인수가격 결정을 위한 협상 등에 온 힘을 기울이게 된다. 하니만 인수 합병을 단행한다고 해서 모든 기업이 주주가치 창출이나 경쟁력 향상과 같은 시너지 효과를 누리지는 못한다. 인수 합병 후에 일어나는 통합의 문제는 그 복잡합이나 조직에 미치는 영향력에 있어 더 많은 주의와 노력을 요한다.

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Concepts and applications for integrating Unmanned Aerial Vehicles (UAV's) in disaster management

  • Naser, M.Z.;Kodur, V.K.
    • Advances in Computational Design
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    • 제5권1호
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    • pp.91-109
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    • 2020
  • Over the past few decades, the impact of natural, manmade and natech (natural hazard triggering technological disasters) disasters has been devastating, affecting over 4.4 billion people. In spite of recent technological advances, the increasing frequency and intensity of natural disasters and the escalation of manmade threats is presenting a number of challenges that warrant immediate attention. This paper explores the integration of drones or Unmanned Aerial Vehicles (UAV's) into infrastructure monitoring and post-disaster assessment. Through reviewing some of the recent disasters, effectiveness of utilizing UAV's in different stages of disaster life cycle is demonstrated and needed steps for successful integration of UAV's in infrastructure monitoring, hazard mitigation and post-incident assessment applications are discussed. In addition, some of the challenges associated with implementing UAV's in disaster monitoring, together with research needs to overcome associated knowledge gaps, is presented.

RELTSYS: A computer program for life prediction of deteriorating systems

  • Enright, Michael P.;Frangopol, Dan M.
    • Structural Engineering and Mechanics
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    • 제9권6호
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    • pp.557-568
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    • 2000
  • As time-variant reliability approaches become increasingly used for service life prediction of the aging infrastructure, the demand for computer solution methods continues to increase. Effcient computer techniques have become well established for the reliability analysis of structural systems. Thus far, however, this is largely limited to time-invariant reliability problems. Therefore, the requirements for time-variant reliability prediction of deteriorating structural systems under time-variant loads have remained incomplete. This study presents a computer program for $\underline{REL}$iability of $\underline{T}$ime-Variant $\underline{SYS}$tems, RELTSYS. This program uses a combined technique of adaptive importance sampling, numerical integration, and fault tree analysis to compute time-variant reliabilities of individual components and systems. Time-invariant quantities are generated using Monte Carlo simulation, whereas time-variant quantities are evaluated using numerical integration. Load distribution and post-failure redistribution are considered using fault tree analysis. The strengths and limitations of RELTSYS are presented via a numerical example.

클라우드 기반 3D 프린팅 활용 생산 시스템 통합 연구 (A Study on Manufacturing System Integration with a 3D printer based on the Cloud Network)

  • 김지언;;;;김다혜;성지현;이재욱
    • 한국기계가공학회지
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    • 제14권3호
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    • pp.15-20
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    • 2015
  • After the US government declared 3D printing technology a next-generation manufacturing technology, there have been many practical studies conducted to expand 3D printing technology to manufacturing technologies, called AMERICA MAKES. In particular, the Keck Center, located at the University of Texas at El Paso, has studied techniques for easily combing the 3D stacking process with space mobility and expanded these techniques to simultaneous staking techniques for multiple materials. Additionally, it developed convergence manufacturing techniques, such as direct inking techniques, in order to produce a module structure that combines electronic circuits and components, such as CUBESET. However, in these studies, it is impossible to develop a unified system using traditional independent through simple sequencing connections. This is because there are many problems in the integration between the stacking modeling of 3D printers and post-machining, such as thermal deformations, the precision accuracy of 3D printers, and independently driven coordinate problems among process systems. Therefore, in this paper, the integration method is suggested, which combines these 3D printers and subsequent machining process systems through an Internet-based cloud. Additionally, the sequential integrated system of a 3D printer, an NC milling machine, machine vision, and direct inking are realized.

3차원 소자 집적을 위한 Cu-Cu 접합의 계면접착에너지에 미치는 후속 열처리의 영향 (Effect of Post-Annealing Conditions on Interfacial Adhesion Energy of Cu-Cu Bonding for 3-D IC Integration)

  • 장은정;;;;현승민;이학주;박영배
    • 한국재료학회지
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    • 제18권4호
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    • pp.204-210
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    • 2008
  • $1.5\;{\mu}m$-thick copper films deposited on silicon wafers were successfully bonded at $415^{\circ}C$/25 kN for 40 minutes in a thermo-compression bonding method that did not involve a pre-cleaning or pre-annealing process. The original copper bonding interface disappeared and showed a homogeneous microstructure with few voids at the original bonding interface. Quantitative interfacial adhesion energies were greater than $10.4\;J/m^2$ as measured via a four-point bending test. Post-bonding annealing at a temperature that was less than $300^{\circ}C$ had only a slight effect on the bonding energy, whereas an oxygen environment significantly deteriorated the bonding energy over $400^{\circ}C$. This was most likely due to the fast growth of brittle interfacial oxides. Therefore, the annealing environment and temperature conditions greatly affect the interfacial bonding energy and reliability in Cu-Cu bonded wafer stacks.

A Unified Object Database for Biochemical Pathways

  • Jung, T.S.;Oh, J.S.;Jang, H.K.;Ahn, M.S.;Roh, D.H.;Cho, W.S.
    • 한국생물정보학회:학술대회논문집
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    • 한국생물정보시스템생물학회 2005년도 BIOINFO 2005
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    • pp.383-387
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    • 2005
  • One of the most important issues in post-genome era is identifying functions of genes and understanding the interaction among them. Such interactions from complex biochemical pathways, which are very useful to understand the organism system. We present an integrated biochemical pathway database system with a set of software tools for reconstruction, visualization, and simulation of the pathways from the database. The novel features of the presented system include: (a) automatic integration of the heterogeneous biochemical pathway databases, (b) gene ontology for high quality of database in the integration and query (c) various biochemical simulations on the pathway database, (d) dynamic pathway reconstruction for the gene list or sequence data, (e) graphical tools which enable users to view the reconstructed pathways in a dynamic form, (f) importing/exporting SBML documents, a data exchange standard for systems biology.

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Added resistance and parametric roll prediction as a design criteria for energy efficient ships

  • Somayajula, Abhilash;Guha, Amitava;Falzarano, Jeffrey;Chun, Ho-Hwan;Jung, Kwang Hyo
    • Ocean Systems Engineering
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    • 제4권2호
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    • pp.117-136
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    • 2014
  • The increased interest in the design of energy efficient ships post IMO regulation on enforcing EEDI has encouraged researchers to reevaluate the numerical methods in predicting important hull design parameters. The prediction of added resistance and stability of ships in the rough sea environment dictates selection of ship hulls. A 3D panel method based on Green function is developed for vessel motion prediction. The effects of parametric instability are also investigated using the Volterra series approach to model the hydrostatic variation due to ship motions. The added resistance is calculated using the near field pressure integration method.

전기영동 증착법을 이용한 Black Phosphorus Nano Flake 리튬이온 배터리 (Black Phosphorus Nano Flake Lithium Ion Battery Using Electrophoretic Deposition)

  • 김주윤;박병남
    • 한국전기전자재료학회논문지
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    • 제32권3호
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    • pp.252-255
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    • 2019
  • Black phosphorus (BP) is a potential candidate for an anode in lithium ion batteries due to its high theoretical capacity and the large interlayer spacing in the monolayered phosphorene form, allowing for lithium intercalation/deintercalation. In this study, large-scale exfoliation of bulk BP was accomplished using a solution of NaOH and N-methyl-2-pyrrolidone (NMP), yielding phosphorene, which can be assembled into nanoflakes using electrophoretic deposition (EPD). Through the systematic addition of NaOH and subsequent sonication, BP nanoflakes were obtained in high yields by EPD, allowing for the integration of these nanoflakes into an anode in the film state. Anodes with a charge/discharge capacity of 172 mAh/g at a rate of 200 mA/g were obtained, which are promising for battery applications through various post-film treatments.

PMI과정에서 피인수기업 구성원에 대한 의사소통의 영향력 : 인수기업과 피인수기업 간의 사업영역의 일치도의 조절효과 (Influence of Communication on Acquired Company Members in the PMI Process : Moderation Effect of the Business Area Consistency between Acquiring and Acquired Company)

  • 반섭;박찬균
    • 벤처혁신연구
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    • 제6권4호
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    • pp.113-131
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    • 2023
  • 인수합병 후 통합(post-merger integration; PMI)이 M&A 성공에 있어 매우 중요한 역할을 담당하고 있다. 따라서 본 연구는 PMI에 대한 선행 연구들을 바탕으로 PMI 과정에서 피인수기업 구성원에 대한 의사소통과 '인식된 불확실성 감소', '조직만족도' 그리고 '조직신뢰' 간의 관계를 살펴보고 인수기업과 피인수기업 간의 '사업영역의 일치도'의 조절 효과를 중심으로 조사하고자 한다. 본 연구는 연구목적을 달성하기 위하여 각 변수 간의 관계에 대한 가설을 설정하고 실증분석을 진행하였다. 자료는 중국 내에 인수 기업에서 근무하는 피인수기업의 구성원을 대상으로 설문조사를 실시하여 최종 317개 설문지를 수집하였고 실증분석을 실시하였다. 연구 결과, 의사소통은 피인수기업 구성원들이 인식한 불확실성 감소, 직무만족도 그리고 조직신뢰에 긍정적인 영향을 미친다는 것과 인수기업과 피인수기업 간의 사업영역의 일치도는 의사소통과 '인식된 불확실성' 간의 관계를 약화시킨다는 것을 확인하였다. 의사소통과 직무만족도 및 조직신뢰 간의 긍정적인 관계에서 조절변수가 강화시키는 효과가 확인되지 않고, 오히려 약화시키는 조절효과를 밝혀냈다. 이러한 연구 결과를 토대로 본 연구는 PMI 과정에서 피인수기업 구성원들과의 의사소통 전략은 통합의 성패에 의미를 가지며, M&A 유형에 따른 차별화된 인적자원관리 방안에 대한 제시와 같은 실무적인 시사점을 제시하였다.