• Title/Summary/Keyword: Required Rate of Return

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A Study on the Driver's License Renewal and Return Policy through the Recognition of the Elderly's Driving Pattern (고령자의 운전패턴 인식을 통한 운전면허증 갱신 및 반납 정책에 대한 연구)

  • Cho, Myeon-gyun
    • Journal of Digital Convergence
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    • v.16 no.10
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    • pp.213-222
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    • 2018
  • This study was conducted to derive the traffic accident risk index through the recognition of the elderly driver's driving pattern to reduce the traffic accident rate of elderly drivers and to reflect them in the renewal and return policy of driver's license accordingly. First, the traffic accident risk index is defined by analyzing the behavioral characteristics of older drivers to derive the major factors that lead to traffic accidents. Second, we present a method to measure the traffic accident risk index from the driving pattern of the elderly through the smart-phone, the camera and the distance sensor attached to the car. Finally, we derive three thresholds by computer simulation and determine the accident risk from the measured traffic accident risk index as four steps and suggest ways to ensure safe driving of older drivers. It is required to objectively assess the driving ability of an aged driver in accordance with the proposed method, and to induce the driver to reset the driver's license renewal cycle and voluntarily return the driver's license to minimize social costs due to increased traffic accidents.

The Effects of the Previous Corporate Internal Reservation on the Current Dividend Rate - Using LEV as a moderating variable & Verification through DRF & GBM model (법인의 전기 사내유보가 당기 배당률에 미치는 영향 부채비율의 조절변수 효과 및 DRF & GBM 모델을 통한 검증)

  • Yoo, Joon-Soo;Jeong, Jae-Yeon
    • Journal of the Korea Convergence Society
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    • v.8 no.10
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    • pp.215-223
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    • 2017
  • This article has tried to analyse the effect of the corporate earning return tax empirically through analysis on the impact of previous internal reservation on the dividends rate of the current year. In addition to this, this article has tried to the effectiveness of government policies with leverage ratio as a moderating variable. Moreover, DRF and GBM model were used to see the effect again. As a result of the actual proof analysis, OCF, ROE, FOR have a significance level of 99% in model1, model2, model3. However, ADV and MSE has appeared not to be meaningful in all models. In the result of DRF and GBM model for convergence was higher than GBM in depth and leaves. However, when it comes to a model explaining capability, GBM high than DRF. The further study will be required to examine the effect of government policy by time series analysis in the period of enforcement of the reflux tax, from 2015 to 2017.

Optimization of Channel Prediction Algorithm of Return Link ACM for Satellite Communication (위성통신용 적응형 전송기술 리턴링크 채널예측 알고리즘 최적화)

  • Kim, Hyun-Ho;Kim, Guk-Hyun;Ryu, Joon-Gyu;Hong, Sung-Yong
    • Journal of Satellite, Information and Communications
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    • v.10 no.2
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    • pp.19-23
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    • 2015
  • In this paper, we present the return link ACM method to improve the link availability and system throughput for satellite communication service. Also, we describe the optimization of an algorithm for channel prediction using the LMS (Least Mean Square) adaptive filter and the MODCOD (Modulation & Code rate) decision. The simulation results show that the optimized filter taps and step-size of adaptive filter are 2 and 0.00026, respectively. And also confirms the required SNR margin for minimization of MODCOD decision error is 0.3dB.

Application Method of the Financial Feasibility study of New Hotels (신규호텔의 재무타당성분석의 적용방안)

  • Choi, Bok-Soo
    • The Journal of the Korea Contents Association
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    • v.9 no.1
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    • pp.407-416
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    • 2009
  • It is evident that a financial feasibility study based on the economic analysis has been theoretically and practically accepted in the aspect of its adequacy. However, it is not easy to apply in the practical business affairs since there exist some difficulties on the economic analysis and the interpretation of the result because of the difficulty of the estimation of the discount rate. This study aims to suggest a method of the financial feasibility study based on the economic analysis. The results of this study are as follows. First, this study can increase the reliance and adequacy of the economic analysis result by suggesting a method of estimating the discount rate by means of the proxy ${\beta}$ method in the practical way. Second, this study can provide the overall frame of the financial feasibility study based on the economic analysis method (namely, Net Present Value Method internal rate of return, profit index method and payback period method)which use discount rate and cash flow. Third, this study can suggest an practical analysis skill required in each step of the financial feasibility study.

Review on Interchangeability between Efficiency Ranking and Profitability Ranking in Public Medical Centers (공공의료원의 효율성과 수익성 평가 지표의 대체 가능성 검토)

  • Kim, Sang Mi;Lee, Hae Jong;Lee, Dong Won
    • Korea Journal of Hospital Management
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    • v.21 no.1
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    • pp.43-50
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    • 2016
  • The public medical centers are required to make efficient and profitable operation. The efficiency is usually measured by DEA(data envelopment analysis), and profitability is measured by medical income rate. But DEA is measured by relative, not absolute value. So, profitability rate is used alternatively for DEA. This study want to analyze the interchangeability between DEA ranking and medical income rate ranking among public medical centers. The return on total assets is same ranking with DEA on bed number, employee number and total asset, but 60-70% relationship with DEA on bed number and employee number, as input resources. The operating margin is similar ranking with DEA on bed number and employee number, but 50-60% relationship with DEA on bed number, employee number and total asset, as input resources.

An Analysis of Aircraft Lessor Business Model Based on Financing Structure (항공기 리스사 자금조달 구조에 따른 사업모델 분석)

  • Jie Yong Park;Woon-Kyung Song
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.31 no.4
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    • pp.28-44
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    • 2023
  • This study investigates aircraft lessor business models by studying cases and interviewing experts to analyze investors and business strategies of aircraft lessor. The results confirm that there is a wide range of investors including institutional investors, financial institutions, insurance companies, corporations, and wealthy individuals for aircraft lessor. Aircraft lessors can be categorized based on its required rate of return (cost of capital) into bank-investing core, institutional investor-investing value-added, and hedge fund-investing opportunistic. Aircraft lessor decides leasing rate by aircraft purchasing price and lessee's credit rating. Core aircraft lessors invest in new aircrafts for new placement or sale-and-leaseback strategy requiring little technical risk in aircraft, value-added lessors invest in middle-aged aircrafts for re-leasing, opportunistic lessors invest in old aircrafts for freighter conversion or part-out strategy requiring high level of expertise. This study provides insights for future Korean aircraft lessor establishment and investment.

Limited Cost-Based Competition and the Cost Distortion Factor - How Real Variable Costs are Reported in Cost-Base Pool of Korean Power Market - (원가기반 제한경쟁과 비용왜곡 요인 -변동비 반영 전력시장에서의 실제변동비 반영사례를 중심으로-)

  • Kim, Myung-Seok;Cho, Sung Bong
    • Environmental and Resource Economics Review
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    • v.23 no.3
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    • pp.497-513
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    • 2014
  • Rate-of-return regulation where a regulator compensates the utilities based upon the cost incurred the regulated companies have the incentive to over-report cost level. However, in case of cost-based competition where a regulator knows the cost of each plant involved and induce the competition among them, one can encounter prisoner's dilemma situation in the short run where the regulated firms under-report cost level. For instance, in case of cost-based pool, a generator may have a strategic behavior to keep its registered variable cost higher than the actual level to maintain its operation rate and generation amounts higher. Eventually, however, such behavior decrease the profitability of a generator and discourage new entry jeopardizing required level of capacity reserves. This is a typical Prisoner's Dilemma situation. The power market operating rule should be revised so that generators' registered variable cost reflect actual level of variable cost.

The Empirical Analysis about Structural Characteristics of the Housing Jeonse Price Change in Seoul (서울시 주택전세가격 변동양상에 대한 실증분석)

  • Jung, Yeong-Ki;Kim, Kyung-Hoon;Kim, Jae-Jun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.12 no.1
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    • pp.89-98
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    • 2012
  • While the housing transaction price of Seoul tends to be stagnant or declining in line with the housing market recession since 2007, the jeonse price keeps continual increase. Such flow of jeonse price change has a serious influence on ordinary person's housing stability seriously. Therefore, it is very meaningful in terms of social policy to analyze the trend of recent jeonse price change. This study aims to have an empirical analysis of structural characteristics of the trend of recent jeonse price change. After the review of various previous studies, this study selected housing jeonse price index, non-sold house quantity, jeonse vs. transaction price rate, and housing construction performance as analytical variables, and employed monthly time series resources from January 2007 to April 2011. As a result, when the housing supply reduced, the potential quantity for jeonse market reduced that occurred unbalance of supply and demand in jeonse market. In turn, it caused the increase of jeonse price. And, in case of jeonse vs. transaction price rate change, the rate increased which means the increase of required rate of return of invested demand. As such, the increase of market risk degenerates the investment sentiment which caused the reduction of quantity for jeonse market as a submarket.

Evaluation of Solids Removal Characteristics on Sewage Treatment Plants Using T-P sludge Return into the Primary Settling Tank (총인슬러지의 1차 침전지 반송에 따른 하수처리장 고형물 제거특성 연구)

  • Kim, Jong-Oh;Jung, Dong-Gi;Kwon, Hye-Jeong;Hwang, Joon-Seok
    • Journal of Korean Society of Water Science and Technology
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    • v.26 no.6
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    • pp.73-80
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    • 2018
  • In this study, the solids removal characteristics using T-P sludge generated from PACl coagulation were analyzed by laboratory scale and full scale experiment. As the amounts of T-P sludge injection into the raw sewage influent increased at the rate of 0, 1, 2, 3, 4 %, the suspended solids concentrations after 20 minutes setting test decreased to 210, 137, 91, 64, 43 mg/L, respectively. The filtration time required for dewatering test of the raw sewage influent decreased to 982, 728, 658, 581, 492 sec for 0, 1, 2, 3, 4% of T-P sludge injection, respectively. As the amounts of PACl coagulant into the effluent from final setting tank increased at 0, 10, 20, 30, 40 mg/L, the required filtration times for T-P sludge increased into 12.3, 41.7, 53.7, 67.2, 79.5 sec and the dewaterability of T-P sludge decreased. After T-P sludge returned into the primary settling tank on J-si sewage treatment plants, the effluent concentrations of COD, SS, T-N and T-P from primary settling tank into bioreactor decreased by 35.9, 27.9, 22.2, and 52.6% due to the coagulation effects of the T-P sludge. Finally, it was found that the return of T-P sludge into the primary settling tank could result into the sludge reduction having a lower water content of 3.03% p than in case of the only T-P sludge dehydration.

Automatic Control System on Cardiac Output Regulation for the Moving Actuator Type Total Artificial Heart (MOVING-ACTUATOR TYPE 인공심장의 심박출 조절에 대한 자동 제어방법)

  • 김원곤
    • Journal of Chest Surgery
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    • v.28 no.6
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    • pp.542-548
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    • 1995
  • The goal of this study is to develop an effective control system for cardiac output regulation based upon the preload and afterload conditions without any transducers and compliance chambers in the moving actuator type total artificial heart. Motor current waveforms during the actuator movement are used as an input to the automatic control algorithm. While the current waveform analysis is performed, the stroke length and velocity of the actuator are gradually increased up to the maximum pump output level. If the diastolic filling rate of either right or left pump begins to exceed the venous return, atrial collapse will occur. Since the diastolic suction acts as a load to the motor, this critical condition can be detected by analyzing the motor current waveforms. Every time this detection criterion is met, the control algorithm decreases the stroke velocity and length of the actuator step by step just below the critical detection level. Then, they start to increase. In this way the maximum pump output under given venous return can be achieved. Additionally the control algorithm provides some degree of afterload sensitivity. If the aortic pressure is detected to exceed 120 mmHg, the stroke length and velocity decrease in the same way as the response to the preload. Left-right pump output balance is maintained by proper adjustment of the asymmetry of the stroke angle. In the mock circulatory test, this control system worked well and there was a considerable range of stroke volume difference with adjustment of the asymmetry value. Two ovine experiments were performed. It was confirmed that the required cardiac output regulation according to the venous return could be achieved with adequate detection of diastolic function, at least in the in vivo short-term survival cases[2-3 days . We conclude that this control algorithm is a promising method to regulate cardiac output in the moving actuator type total artificial heart.

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