• Title/Summary/Keyword: Structure management

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Immunization Model with Non-parallel shift Term-Structure using Neural Networks (신경망을 이용한 비평형 이동 기간구조 하에서의 면역 모델)

  • 박우철;최경현
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2000.04a
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    • pp.453-456
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    • 2000
  • 고정금리 상품의 투자에서 이자율 변동 위험을 피할 수 있는 방법으로 많이 쓰이는 것은 듀레이션을 이용한 면역 모델(Bond Portfolio Immunization Model)로, 이것은 이자율 변동에 대해 포트폴리오의 가격 민감도인 듀레이션을 이용하여 자산과 부채의 변화를 일치시키는 방법이다. 그러나 이 전략은 수익률 곡선이 평형하게 이동한다는 가정(Parallel Shift Term-Structure)을 단점으로 가지고 있어 현실에 적용될 경우 오차가 발생하게 된다. 본 연구에서는 선험적(empirical) 방법으로 평형하지 않은 움직임을 가진 기간구조의 함수(Term-Structure Function)를 정의하고 면역 모델을 부채의 현금흐름에 대해 개별적으로 적용하는 새로운 면역 전략 모델을 구성하고 실험한다

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Ownership Structure and Syndicated Loan Maturity

  • Lee, Sang-Whi
    • The Korean Journal of Financial Management
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    • v.25 no.3
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    • pp.155-173
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    • 2008
  • Controlling for the impacts of main strands of debt maturity theories, we highlight the relationship between syndicated loan maturity and ownership structure of Korean borrowers. We find that as the ownership of large shareholders increases, the maturity of syndicated loans also increases. Additionally, we identify a negative relation between foreigners' ownership and loan maturity, indicating that foreign institutional investors serve valuable monitoring functions; as their equity shares increase, they fully take advantage of frequent renewals through the short maturity of syndicated loan. We also show that the predicted value of leverage is more systematically and positively related to the maturity of syndicated loan.

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Structural Safety Evaluation System of Existing low-rise Reinforced Concrete Buildings to Remodeling (리모델링을 위한 기존 저층형 철근콘크리트의 안전성 평가 시스템)

  • 김진수;김창은
    • Journal of the Korea Safety Management & Science
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    • v.5 no.3
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    • pp.69-80
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    • 2003
  • This study researched problems of safety inspection method and current legislative system for the structure safety evaluation of Rahmen structure affected by remodeling. The elements of weight increase were examined in terms of differences of load moment, shear force, compressive stress and amount of steel before and after remodeling by structure analysis. The thorough examination for impacts of weight increase is indispensable to change of use or extension.

A study on the run-time storage management for recursice and nested structure (Recursive nested 구조를 위한 run-time 기억장소 운영에 관한 연구)

  • 김영택;차윤경
    • 전기의세계
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    • v.31 no.4
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    • pp.281-287
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    • 1982
  • PASCAL has a recursive nested structure and uses deep binding of identifiers. This paper studies the problems and techniques in storage management for PASCAL on the IBM 370 system, and presents run-time storage administration algorithms which use stack scheme and heap efficiently on the view of storage. The stack-scheme was used to implement the feature of recursive nested structure and the heap was used to implement the feature of the dynamic allocation procedure and pointer variable, allowing an additional dynamic storage recovery procedure.

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Propagation of Engineering Changes for Supporting Consistent Product Data View (일관된 제품자료관점을 지원하는 설계변경 전달에 관한 연구)

  • 도남철
    • Korean Journal of Computational Design and Engineering
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    • v.8 no.2
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    • pp.90-100
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    • 2003
  • Engineering change (EC) objects are the data structure and related operations that can support applications for EC procedures or processes. Their functionalities include controlling management data, specifying related product structure, and archiving a history of product structure changes for EC management. In this paper we introduce a systematic approach to support the propagation of changes between different product structure views using the history of structure changes in EC objects. The change propagations supported by EC objects enable designers to maintain the consistency of multiple product structure views for engineering, manufacturing or even customer support applications. This paper also includes EC examples and experimental implementations for the proposed EC objects.

An Information Structure Graph: A Structural Formalization of Information Semantics

  • Lee, Choon-Yeul
    • The Journal of Information Technology and Database
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    • v.7 no.1
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    • pp.55-65
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    • 2000
  • Information semantics is a well-known issue in areas of information systems researches. It describes what data mean, how they are created, where they can be applied to ; thus, it provides indispensable information for management of data. This article proposes to formalize information semantics by the processes that data are created or transformed. A scheme is proposed to describe an information production structure, which is called an information structure graph. An information structure graph is a directed graph, whose leaves are primary input data objects and whose root and internal nodes are output objects. Information semantics is derived from an information structure graph that has data as its root. For this, rules are proposed to manipulate and compare graphs. The structural relationships among information structure graphs are mapped into semantic relationships among data.

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Development and Application of Computer Aided Systems Engineering Processes for Next Generation High Speed Railway Train -Focus on Requirement Management Structure and PBS Management Structure- (차세대 고속전철시스템 개발을 위한 시스템 엔지니어링 체계 구축 -요구사항 관리체계와 PBS 관리체계를 중심으로-)

  • 유일상;박영원
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.25 no.4
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    • pp.22-31
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    • 2002
  • A high-speed rail system represents a typical example of large-scale multi-disciplinary systems, consisting of subsystems such as train, electrical hardware, electronics, control, information, communication, civil technology etc. The system design and acquisition data of the large-scale system must be the subject under strict configuration control and management. Not only the requirements of the large-scale system dictate the contracts with the suppliers but also become the basis for the development process, project execution, system integration, and testing. The requirements database provide the system design specification of all development activities. Using the RDD-100, a systems engineering tool, the Korea next-generation high-speed rail program can establish requirements traceability and development process management in performing the enabling train technology development projects. This paper presents the results from a computer-aided systems engineering application to the Korea next-generation high-speed railway project. Especially, the focus of the study was on requirement management and PBS(Product Breakdown Structure) management.

Relationship between Ownership Structures and Earnings Management Behavior in Vietnamese Commercial Banks

  • TRAN, Thinh Quoc;LY, Anh Hoang;NGUYEN, Dung Khanh Ngoc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.401-407
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    • 2020
  • Earnings management behavior is the use of accounting procedures, through accounting policies, to intentionally purposeful control in the provision of information to users. The purpose of this paper is to examine the relationship between ownership structure factors and earnings management behavior of 30 Vietnamese commercial banks. The paper uses the ordinary least square method to examine this relationship and employs time series data of 15 years from 2005 to 2019. The study also uses agency theory an asymmetric information theory. The authors examined six independent variables related to the ownership structure and these variables are typical of Vietnamese commercial banks. The results of the study show that the foreign ownership ratio is an opposite effect, while the ownership concentration variable has a positive effect on earnings management behavior of Vietnamese commercial banks. Based on that, the article proposes a number of policy suggestions for the State bank of Vietnam and Board of directors of commercial banks as well as investors to identify and to limit the earnings management behaviors of Vietnamese commercial banks. This contributes to ensuring information transparency as well as improving the quality of accounting information of Vietnamese commercial banks in the coming years.

Risk Factor Selaction and Safety Management Plan in the Underground Excavation Construction (지반굴착공사에서의 위험요인 선정과 안전관리방안 연구)

  • Won, Yu-Jin;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.21 no.4
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    • pp.31-37
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    • 2019
  • When the foundation work of the underground part of the building structure or the excavation work of the civil engineering structure is carried out, there is the earthwork work by the inevitable process. As the economic situation continues to develop, construction in urban areas is becoming bigger and higher in scale due to the expansion of infrastructure and the rescue of urban dwellings in urban areas, and excavation of underground roads is inevitable. Excavation of the underground part may cause problems in the process difficulty and safety of the earthworks due to the complexity and various characteristics of the ground selected without consideration of the ground characteristics and site conditions. In order to complete the required facilities, it is necessary to secure the design and construction of the retaining walls. In order to complete the required construction, It is an important factor satisfying construction period and economical efficiency.

A Study of Knowledge Classification Structure Improvement through Adopting BPM (BPM 도입을 통한 지식분류체계 개선에 관한 연구)

  • Hwang, Jin-Won;Choi, Hyung-Won;Choi, Yoon-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.720-724
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    • 2008
  • Concentration about value of invisible asset has increased in the condition of rapid business circumstance change. As one of these concentration, many company adopted knowledge management, and construction industry also tried to adopt knowledge management. However, it is difficult for construction company to get expected effects because of knowledge management system in no relation with business process. To solve this problems, this study adopted BPM that has many functions, such as business process design, operation, monitoring, sustainable improvement, to knowledge classification structure.

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