• Title/Summary/Keyword: Value Model

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A Study on the Development of Optimization Model for Enterprise Value Analysis (기업가치 분석을 위한 최적 모형 개발에 관한 연구)

  • Gu, Seung-Hwan;Shin, Tack-Hyun;Ibrokhimov, Bakhrom
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.10
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    • pp.7109-7117
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    • 2015
  • Investors analyze corporate value using the methodology trying to simultaneously satisfy the profitability and stability. In this study, comparing/combining the methodology of corporate value analysis to present a method of analyzing the optimal corporate value. The results of this study can be classified into two. First, it is a model derivation for corporate value analysis. EVA, AEM, and DDM models, to analyze the results, it was look in terms of profitability and stability. EVA and AEM model was stable than the market, profitability appear high, it was suitable to assess the value of the company. However, DDM, which is more stable than the market, profitability is low, it was not suitable. Secondly, by metering the existing methodology presented a new analysis method. A result of a combination of methodology was analyzed by deformation model, "AEM + DEA" and "DDM + DEA", "AEM + EVA", it was found that it is better than the market and the traditional model. AEM and DDM modified model was also found to be better than the market and the existing methodologies. This was reflected in a situation where a change in market environment based on, for being able to present an appropriate analytical method, it can find the suggestions of the study.

Evaluation of L-THIA WWW Dimet Runoff Estimation with AMC Adjustment (선행토양함수조건(AMC)을 고려한 L-THIA WWW 직접유출 모의 정확성 평가)

  • Kim, Jonggun;Park, Younshik;Jeon, Ji-Hong;Engel, Bernard A.;Ahn, Jaehun;Park, Young Kon;Kim, Ki-sung;Choi, Joongdae;Lim, Kyoung Jae
    • Journal of Korean Society on Water Environment
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    • v.23 no.4
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    • pp.474-481
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    • 2007
  • With population growth, industrialization, and urbanization within the watershed, the hydrologic response changed dramatically, resulting in increases in peak flow with lesser time to peak and total runoff with shortened time of concentration. Infiltration is directly affected by initial soil moisture condition, which is a key element to determine runoff. Influence of the initial soil moisture condition on hydrograph analysis should be evaluated to assess land use change impacts on runoff and non-point source pollution characteristics. The Long-Term Hydrologic Impact Assessment (L-THIA) model has been widely used for the estimation of the direct runoff worldwide. The L-THIA model was applied to the Little Eagle Creek (LEC) watershed and Its estimated direct runoff values were compared with the BFLOW filtered direct runoff values by other researchers. The $R^2$ value Was 0.68 and the Nash-Sutcliffe coefficient value was 0.64. Also, the L-THIA estimates were compared with those separated using optimized $BFI_{max}$ value for the Eckhardt filter. The $R^2$ value and the Nash-Sutcliffe coefficient value were 0.66 and 0.63, respectively. Although these higher statistics could indicate that the L-THIA model is good in estimating the direct runoff reasonably well, the Antecedent Moisture Condition (AMC) was not adjusted in that study, which might be responsible for mismatches in peak flow between the L-THIA estimated and the measured peak values. In this study, the L-THIA model was run with AMC adjustment for direct runoff estimation. The $R^2$ value was 0.80 and the Nash-Sutcliffe coefficient value was 0.78 for the comparison of L-THIA simulated direct runoff with the filtered direct runoff. However there was 42.44% differences in the L-THIA estimated direct runoff and filtered direct runoff. This can be explained in that about 80% of the simulation period is classified as 'AMC I' condition, which caused lower CN values and lower direct runoff estimation. Thus, the coefficients of the equation to adjust CN II to CN I and CN III depending on AMC condition were modified to minimize adjustments impacts on runoff estimation. The $R^2$ and the Nash-Sutcliffe coefficient values increase, 0.80 and 0.80 respectively. The difference in the estimated and filtered direct runoff decreased from 42.44% to 7.99%. The results obtained in this study indicate the AMC needs to be considered for accurate direct runoff estimation using the L-THIA model. Also, more researches are needed for realistic adjustment of the AMC in the L-THIA model.

A Case Study on the ODA for Creating Shared Value (CSV) in Agricultural Sector Based on the Value Chain Analysis - Project for Establishment of Seed-Potato Production System in Vietnam - (가치사슬분석법에 기초한 농업분야 공유가치창출(CSV) ODA 사례분석 - 베트남 씨감자 생산체계 구축사업 -)

  • Ji, Seong-Tae
    • Journal of Agricultural Extension & Community Development
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    • v.25 no.1
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    • pp.31-44
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    • 2018
  • This is a case study on "the Project for Production Facility and Technical Support of Processed Seed-Potato (2008-2010)" based on the Value Chain Analysis (VCA) used to create and plan International development cooperation projects. The project is the earliest model of Creating Shared Value (CSV) in the agricultural sector. For the case analysis, a framework was established to assess the effectiveness and impact of the CSV project based on the main factors of the VCA. As a result of the assessment, project participation by OSI was able to increase the overall utility by developing the Vietnamese potato processing industry and meeting consumer demand. Furthermore, it formed a business model to promote win-win cooperation and upgraded the value chain of the potato industry. In addition, it contributed to the improvement of incomes and the quality of life of farmers and communities by providing technical guidance and purchase of contracts, as well as labor division and cooperation with other activity supporters.

ON SPATIAL DISTRIBUTION OF SHORT GAMMA-RAY BURSTS FROM EXTRAGALACTIC MAGNETAR FLARES

  • Chang, Heon-Young;Kim, Hee-Il
    • Journal of Astronomy and Space Sciences
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    • v.19 no.1
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    • pp.1-6
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    • 2002
  • Recently, one interesting possibility is proposed that a magnetar can be a progenitor of short and hard gamma-ray bursts (GRBs). If this is true, one may expect that the short and hard GRBs, at least some of GRBs in this class, are distributed in the Euclidean space and that the angular position of these GRBs is correlated with galaxy clusters. Even though it is reported that the correlation is statistically marginal, the observed value of < $V/V_{max}$ > deviates from the Euclidean value. The latter fact is often used as evidence against a local extragalactic origin for short GRB class. We demonstrate that GRB sample of which the value of < $V/V_{max}$ > deviates from the Euclidean value can be spatially confined within the low value of z. We select very short bursts (TgO < 0.3 sec) from the BATSE 4B catalog. The value of < $V/V_{max}$ > of the short bursts is 0.4459. Considering a conic-beam and a cylindrical beam for the luminosity function, we deduce the corresponding spatial distribution of the GRB sources. We also calculate the fraction of bursts whose redshifts are larger than a certain redshift z', i.e. f>z'. We find that GRBs may be distributed near to us, despite the non-Euclidean value of < $V/V_{max}$ >. A broad and uniform beam pattern seems compatible with the magnetar model in that the magnetar model requires a small $z_{max}$.

Development of Structural Model for Quality, Value, Satisfaction, and Loyalty in a Wine Training Program (와인교육프로그램의 품질, 가치, 만족도 및 충성도에 대한 구조적 모형 구축)

  • Lee, In-Soon;Lee, Hae-Young;Kim, Hye-Young
    • Journal of the Korean Society of Food Culture
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    • v.27 no.5
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    • pp.490-495
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    • 2012
  • The purpose of this study was to analyze the effects of quality factors on value, satisfaction and loyalty in a wine training program. The results of this study can be summarized as follows: Structural verification of the wine training program loyalty model showed that the quality of the wine training program positively affected both value (p<0.001) and satisfaction (p<0.001). Further, the value of the wine training program positively affected satisfaction (p<0.01), which in turn positively influenced loyalty (p<0.001). The quality of the wine training program was presented as solicitude for students, textbook and curriculum, qualification and confidence of lecturer and staff, and training quality, whereas the value of the program was composed of sense of belonging, promotion of self-esteem, good impression on others, and improvement of social status. Therefore, the wine training institute's intensive management of the quality and value of the program could induce students' loyalty by enhancing satisfaction for the wine training program.

The analysis of amount of solar irradiation of vertical and horizontal surface per azimuth (방위별 수직면, 수평면 일사량에 관한 연구)

  • Yoo, Ho-Chun;Shin, In-Hwan;Hwang, Hyun-Suk
    • 한국태양에너지학회:학술대회논문집
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    • 2011.11a
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    • pp.274-277
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    • 2011
  • We measured a solar irradiation of vertical and horizontal surface per azimuth in southern area of Korea using pyrheliometer. In comparison with the provided data from ASHRAE and CIBSE, the average amount of solar irradiation has much variation of 10 to 150% in reference with north direction. In the clear day, the measured value has much difference with the value of ASHRAE and there is similar trend in case of CIBSE. The reason why amount of irradiation of clear day is differ from the average value, is able to be assumed that the value of ASHRAE and CIRSE is made of assumption based on clear days. The result of analysis of ASHRAE and CIBSE values according to the amount irradiation value for vertical and horizontal surface per azimuth using the MBE, RSME, and t-Statistic show that the CIBSE value has more reliability for the MBE, RMSE, and t-Statistic values than ASHRAE value.

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The Economic Value of Next-Generation Converged Communications and Broadcasting Services

  • Kang, Shin-Won;Cho, Sang-Sup;Lie, Han-Young
    • ETRI Journal
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    • v.27 no.6
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    • pp.759-767
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    • 2005
  • This research is to substantially analyze the economic value of portable Internet (WiBro), WCDMA High Speed Downlink Packet Access (HSDPA), WiBro+VoIP, and WiBro+DMB regarded as the next generation of broadcasting. Based on the empirical analysis of economic values, we provide the optimal paths of converged communications and broadcasting services related to WiBro. 1,000 Internet users in the Seoul and Gyeonggi areas were surveyed in their homes. The collected survey was calculated as an accurate economic value distribution for relevant services, and the average and mean were taken using a parametric logit model, semi-parametric Spike model, and nonparametric Turnbull and Kernel estimations in order to analyze the contingent economic value of the amount offered to the subjects of the analysis. The contingent value analysis results varied slightly according to the different methodologies; however, all showed the following common features. The economic value of WiBro, Internet-based WCDMA, VoIP, and DMB with WiBro appeared to be similar. Therefore, if WiBro and WCDMA (HSDPA) form a competitive relationship, the types of bundled services offered as portable Internet service and the supply point of such bundled services are expected to emerge in a strategic plan for stimulating service markets and the prior occupation of the market.

A Study on the Causal Relationships among Eco-friendly Consumption Value, Dietary Attitude, Nutrient Intake Behavior, Health Behavior and Quality of Life (친환경 소비가치와 식태도, 영양섭취행동, 건강행동 및 삶의 질 간의 영향관계 분석)

  • Lee, Yeon-Jung
    • Culinary science and hospitality research
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    • v.23 no.7
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    • pp.50-62
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    • 2017
  • The purpose of this study was to analyze the relationships among variables focusing on what kinds of characteristics of eco-friendly consumption value affect dietary attitude, nutrient intake behavior, health behavior and quality of life, and establish a relationship model. The subjects of this study were 238 eco-friendly consumers. SPSS 23.0 and LISREL 8.50 were adopted to examine measurement model by using analysis method. The results were as followings; First, eco-friendly consumption value has a positive impact on dietary attitude and health behavior. Second, dietary attitude affects nutrient intake behavior positively. Third, the impact of nutrient intake behavior on health behavior is significant. From the results of this investigation, it was found that eco-friendly consumption value affects dietary attitude, health behavior and that the health behavior was positively influential on quality of life. It was also verified that eco-friendly consumption value affects dietary attitude, nutrient intake behavior, and health behavior. Moreover, it was also confirmed that the higher eco-friendly consumption value is, the higher dietary attitude, trust, health behavior and quality of life will be, thereby improving the good healthy life provided.

The economic value of water in Korean manufacturing industry

  • Ku, Se-Ju;Yoo, Seung-Hoon
    • Proceedings of the Korea Water Resources Association Conference
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    • 2010.05a
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    • pp.447-451
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    • 2010
  • It is quite important for manufacturing firms to stably secure water, because industrial water is used for a variety of purposes as one of the important inputs in the production process. Despite the significance of industrial water use and the increase of industrial water demand, relatively little has studied regarding the industrial water use in Korea. This paper employs the marginal productivity approach in order to estimate the economic value of water in Korean manufacturing industry, and we use the information of 53,912 factories surveyed in 2003. The result of the likelihood ratio test shows that Trans-log is an appropriate model for estimating the data of this study. In Trans-log function model, the industry-wide output elasticity of water is 0.0104, and the marginal value is KRW 1,156 per ton. The estimated values differ across the sectors and these values range from the high value of about KRW 13,760 per ton in the transportation equipment sector to low values of KRW 428 per ton in the precision instrument sector. The research provides useful information to help policy-makers in developing and implementing more appropriate policies regarding the management and distribution of water resources by estimating the value of water resources by sector. In addition, Korean government enables the drafting of future water pricing scenarios based on the estimated value information.

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The Economic Evaluation of the Public Values of Agriculture and Rural Area in Korea (농업·농촌의 공익적 가치에 대한 경제적 평가)

  • Kim, Yong-Lyoul;Jeong, Hak-Kyun;Heo, Joo-Nyung
    • Journal of Korean Society of Rural Planning
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    • v.20 no.4
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    • pp.101-112
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    • 2014
  • The public value of agriculture and rural areas is closely associated with the concept of multifunctionality of agriculture and rural areas, which in turn signifies economic values other than the production function of agriculture and rural areas. Based on the survey results, virtual scenarios were set up and the contingent valuation method (CVM) was used to estimate the amount consumers are willing to pay (WTP) for the public functions of agriculture and rural areas. This study selected five domains of the public value (environment conservation, maintenance of landscape and cultural tradition, enhancement of national prestige, local community maintenance and socio-economic functions, and food security) and 21 value items as components of the public value. An economic assessment of the public value of agriculture and rural areas was conducted using a binomial logistic regression model. The estimation results showed that the public value consumers are willing to pay ranges from a minimum of 6,346.8 billion won to a maximum of 9,327.2 billion won.