• Journal of Applied Reliability
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• v.11 no.2
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• pp.187-212
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• 2011

KHP project sets total ownership cost as the target cost by applying CAIV and administrates total ownership cost through compromise analysis, a periodical estimate and management of design alternatives for each development. Based on expected cost results, sensibility of total ownership cost is analyzed complying with the change of reliability, availability, maintainability and other related factors. By considering potential total ownership cost saving methods, first of all, this paper identifies total ownership cost changing effects for each related factor, secondly, suggests total ownership cost and maintenance and operating cost saving methods via finding components that affect total ownership cost and lastly, suggests total ownership cost saving directions that may be applied to other projects in the future.

• The Korean Journal of Health Service Management
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• v.10 no.2
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• pp.49-58
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• 2016

Objectives : The purpose of this study was to find factors affecting the cost-reduction practice of clinical nurses. Methods : The Data were collected from Feb. 25, to Mar. 15, 2015.the Total subjects were 201 nurses working in secondary-care hospitals located in Busan Results : The Meaningful variables that explain the cost-reduction practice in clinical nurses were psychological ownership, religion, and marital status in that order. Total explanation power was 22.1.% and psychological ownership has most explanation power. Conclusions : Psychological ownership and economic consciousness need to improve to develop cost-reduction practices. Additionally, nurses with and low concern about finances need to receive financial-related education.

• Information Systems Review
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• v.3 no.1
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• pp.131-141
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• 2001

그 동안 IT 아웃소싱에 관한 많은 연구성과에도 불구하고 아웃소싱 계약체결에 있어서 실무적으로 꼭 필요한 아웃소싱의 적정가격에 관한 연구는 매우 미진한 형편이다. 특히 아웃소싱 의뢰업체 입장에서의 적정가격결정 모형이나 사례를 찾아보기는 더욱 어려운 것이 현실이다. 아웃소싱 가격의 적정성은 공급업체 만이 아니 라 의뢰업체의 입장에서도 아웃소싱의 성패를 좌우하는 중요한 요건이다. 본 연구는 TCO 개념을 이용하여, IT 아웃소싱 의뢰업체의 입장에서, 적정 가격을 산정하는 모형을 실제 적용사례를 통해 제시한다. 본 연구는 아웃소싱을 하지 않을 경우의 총소요비용과 아웃소싱을 할 경우의 총소요비용을 비교하여 아웃소싱의 효과를 측정하고 계약가격의 적정성을 판단할 수 있도록 하고자 하였다. 본 연구를 통하여 제시한 TCO분석방법 및 결과는 아웃소싱을 준비하거나 계획중인 업체에게 자체적으로 아웃소싱 계약가격을 산출하고, 아웃소싱을 통한 비용절감항목을 판단하며, 계약가격을 비교할 수 있는 자료로 사용되어 지기를 기대한다.

• International Journal of Highway Engineering
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• v.8 no.2 s.28
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• pp.49-54
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• 2006

The purpose of this study was to determine the effect of expansion joint spacing (slab size) on the life cycle costs of owning Portland Cement Concrete (PCC) airfield pavements. Previous research has shown that slab size has a statistically significant impact on pavement performance. A probabilistic life cycle cost analysis was performed to determine if the effect of slab size on pavement performance would affect the total cost of ownership of PCC pavements. Data from 48 Pavement Condition Index (PCI) inspections of military and civilian airfields were used to develop probability-of-distress-by-condition curves, which were then used to develop probabilistic cost-of-repair-by-condition curves. A present worth life cycle cost analysis was then performed for various slab sizes, using construction costs, rehabilitation costs, and maintenance costs. Maintenance costs were determined by assuming a condition deterioration rate appropriate for each slab size and applying the cost-by-condition curves. The probabilistic cost-of-repair-by-condition curves indicated that smaller slabs are more expensive to repair on a unit cost basis. Life cycle cost analysis showed that larger slabs have a higher total cost of ownership than smaller slabs due to a faster rate of deterioration.

• Journal of Energy Engineering
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• v.24 no.2
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• pp.129-143
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• 2015

Increasing concerns on climate change and energy security accelerated policies to reduce green-house gas emission, especially from the transportation sector. Electric vehicle (EV) has been on the spotlight to deal with such environmental issue and V2G (Vehicle-to-Grid) technology began to draw attentions as an alternative to reduce ownership costs while contributing to an efficient and decentralized power grid. This study conducts a scenario analysis on total cost of ownership of EV under V2G scheme and compare with non-V2G EV and Internal Combustion Engine (ICE) vehicle. As result, V2G service is expected to provide an annual average profit of $210 to EV users willing to reverse flow its residual power in the battery. The profit from V2G service leaves a margin of $4,530 over operational lifetime, compared with $2,420 cost of charge for non-V2G EV. In summary, total cost of ownership of V2G-capable EV was 6.2% less than non-V2G EV and 10.2% higher than ICE vehicle. The results confirm a comparative economic advantage of operating EV under V2G scheme. Increased number of EVs with V2G service has shown to provide positive effects to power industry for valley filling in load distribution, thus, favorably increasing the overall economic feasibility.

• Proceedings of the KSR Conference
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• 2011.05a
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• pp.1134-1141
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• 2011

Costs have long since become a major issue in railway system analysis, attention is not limited to the acquisition costs alone, but encompasses all costs involved in the use and disposal of the systems. Concepts such as Life Cycle Cost(LCC), Costs Of Ownership(COO), or Total Ownership Cost(TOC) are more and more frequent in any document dealing with system analysis. Most of railway projects have applied this LCC Model to evaluate effectiveness of system acquisition cost. But these action of LCC model does not applied all the rest of system life cycle period due to the differences of its responsibility. This is why a study has been undertaken by the operation party to harmonize the most important aspects of the LCC model. This study focused on these and other objectives for introduction of method and needs for an action plan for maintenance actions involved relevant cost allocation.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.10
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• pp.327-339
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• 2021

This study examines the impact of bank restructuring on the financial performance of commercial banks in Vietnam. The data for this study was obtained from the audited financial statements of 30 Vietnamese commercial banks from 2007 to 2019. Multiple regression analysis was used for investigation. Financial performance, as evaluated by ROAA, ROEA, and NIM, is the dependent variable. Financial restructuring, ownership restructuring, and operational restructuring are the independent variables. Pooled least squares (Pooled OLS), fixed effects model (FEM), random effects model (REM), and system generalized moment regression model (System GMM) are the estimate methods used to increase the accuracy of the regression coefficient. The research results show that the variables of financial restructuring activities such as government intervention and the ratio of equity to total assets; variables of ownership restructuring such as capital adequacy ratio, privatization of state-owned commercial banks, mergers, and acquisitions; variables of operational restructuring such as employees, branches, the cost to total assets; GDP variables and the second restructuring period have a positive impact on financial performance. Variables such as debt-to-capital ratio, bad debt ratio, state ownership ratio, expense-income ratio, and inflation have a negative effect on financial performance.

• Journal of Biosystems Engineering
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• v.4 no.1
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• pp.67-74
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• 1979

This survey was carried out to grasp the actual condition of a power tiller utilization . Now, the power tiller has become the leading machinery in the field of agriculture throughout the country . Two hundred farm houses, located in the provincial districts of Kimcheon and kum0rung, hav etaken part in the survey from October 1, 1976 to September 30, 1977. The results are summarized as follows . 1. The average size of cultivated land of a farm household in the districts surveyed was 1.77ha which was bigger than that of whole country. And the average age of power tiller drivers was analyzed in which only 105 of total drivers was on their 30's. 2. Distribution of a power tiller utilization was appeared to be 34.4% for transporting , 24% for tilling , 23% for pumping , 11.5% for threshing and 6.6% for spraying. 3. Frequency of a power tiller utilization was high during the month of June, July and October while it was low during February and December . 4. Distribution of repairing cost was 8.5% for trailer, 7.1% for throttle lever and 6.7% for casket, respectively. The annual cost for repairing was 5,290 won.5. The annual cost for using a power tiller was composed of 51.5% of fixed cost and 48.5% of operating cost. 6. Economic analysis showed that it was not economically practical for individual ownership of a power tiller on the farm surveyed. Therefore, custom operation and joint ownership by a few farmers were recommended.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.1
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• pp.143-147
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• 2013

This paper examines the impact of corporate governance structure on the cost of debt. Total sample is divided into the small sample, the medium sample and the large sample of equity concentration, based on the equity ownership of large shareholders. Our regression results show that foreign investors are not associated with the cost of debt in the small and medium samples of equity ownership, whereas foreign investors are significantly associated with the reduction in the cost of debt in the large sample of equity concentration. Academic implications of our findings are that as the ownership of dominating shareholders rises, they seek their private interests of perks causing an increase in agency costs and a decrease in firm's economic value, thus expanding borrowing costs. Practical business implications are that foreign investors may alleviate agency problem of dominating large shareholders in the firm through monitoring activities, thus enhancing the efficiency of business decision-makings.

• Journal of Distribution Research
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• v.16 no.3
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• pp.33-75
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• 2011

The ownership structure of a franchise system is determined by the franchisor's strategic choice. A close look at the extant theories and perspectives in economics and management such as resource scarcity theory, agency theory, transaction cost analysis, and mixed ownership theory reveals that firms choose their ownership structure for the sake of economic efficiency, profit potentials, the chance of survival, and other strategic concerns. The present study, on the basis of strategic choice perspective, reviews the divergent theories of a franchise system's ownership structure and its determinants, thus providing a theoretical framework for comparing the contradictory arguments along the several critical dimensions. We also developed and tested the conflicting hypotheses regarding key determinants of ownership structure including firm's age, size, transaction-specific investments, uncertainty, and risk-sharing propensity. Using a FDD (Franchise Disclosure Document) data set of 543 Korean franchisors, we found that the years in business, the total number of employees, days of training, the inverse of the years of franchising, and the requirement of royalty payment have positive relationships with the proportion of company-owned outlets to total number of outlets. On the other hand, the proportion of company-owned outlets was found to have negative relationships with the total number of outlets and the extent of geographic dispersion of outlets, but to have no significant relationships with the initial investment required and the inverse of contract length. Based on the findings, we provide several theoretical and managerial implications for studying ownership structure of franchise systems.