• The Journal of Information Technology
• /
• v.2 no.2
• /
• pp.163-175
• /
• 1999

The unique aspect of this study is its explicit introduction of the degrees of operating leverage and financial leverage in investigating the joint impact of both asset structure and capital structure on systematic risk. This study found a significant correlation between the two. These findings can help us in prediction of corporate behavior.

• The Journal of Economics, Marketing and Management
• /
• v.12 no.2
• /
• pp.51-60
• /
• 2024

Purpose: The purpose of this study was to analyze the factors influencing the housing satisfaction of the new middle-aged who returned to farming to derive the implications of real estate policies to resolve regional imbalances. Research design, data and methodology: As a result, this study used secondary data, housing survey data, and identified factors influencing housing satisfaction through multiple regression analysis as well as basic analysis such as exploratory factor analysis, reliability analysis, technical statistics analysis, and correlation analysis. Previous studies, in particular, mainly focused on aging, retirement, economic activity, and retirement preparation, but this study was able to derive predictive factors that can increase the persistence of living after returning to farming by analyzing housing satisfaction for the new middle-aged, and as a result, suggest implications for resolving regional imbalances. Results: As a result of the analysis, it was found that housing structure status had the greatest influence among the three factors of housing-related predictors: housing structure status, facility accessibility, and surrounding environment, suggesting that policy alternatives that can improve the quality of the housing structure itself should be prepared rather than facility accessibility and the surrounding environment. Conclusions: Based on these results, we discussed implications for improving the housing structure to increase the continuity of living for the new middle-aged after returning to farming, and presented follow-up research directions on the need for complementary research in addition to individual analysis of influencing factors, limitations of secondary data, and the lighting of research on the new middle-aged and other generations who did not return to farming.

• Journal of the Korea Society of Computer and Information
• /
• v.29 no.2
• /
• pp.127-136
• /
• 2024

This paper presents a novel method for minting hierarchical Non-Fungible Tokens(NFTs) via a parent-child structure. In contrast to existing NFT structures, our proposed model enables an NFT to act as a parent, creating child NFTs and distributing ownership stakes among them. These child NFTs are recursively structured, allowing them to generate their own descendants. The existing structure of NFTs does not inherently allow for fractional ownership. However, our proposed hierarchical model provides a feasible solution to this restriction. By dividing an NFT into multiple child NFTs, each with its own unique identity, we facilitate the detailed division of an asset, thereby making fractional ownership possible. In conclusion, the hierarchical NFT model proposed in this paper offers a promising solution to the challenges of fractional ownership in the digital asset arena. By enabling the detailed division of NFTs through a parent-child structure, we anticipate a future where digital assets can be owned and traded more flexibly and transparently.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.14 no.5
• /
• pp.2150-2156
• /
• 2013

This study attempts to identify how the value network of mobile industry has evolved in the value creating process. The longitudinal case study on SK Telecom was conducted by measuring the SK Telecom's investment structure during from 1999 to 2008. Results show that the convergence services based on the advanced mobile networks changed the revenue structure, and enabled SK Telecom to reposition as a media company. For the value creation, SK Telecom's value network has flexibly adapted to convergence environment through dynamic asset reconfiguration.

• Journal of KIISE:Software and Applications
• /
• v.33 no.12
• /
• pp.1008-1021
• /
• 2006

Product line engineering(PLE) is one of the recent and effective reuse approaches that enables developing a number of applications by instantiating a core asset. Elements of a core asset are product line architecture(PLA), component, and decision model. Among these elements, PLA is the key element since it defines the overall structure of the core asset. Although numerous PLE methodologies have been introduced, it is still unclear what should be the elements of a PLA and how to systematically instantiate it for specific applications. Formal specifications can play a key role in defining detailed and precise instantiation process. In this paper, we first present a meta model of PLA and show how to specify PLA in a formal language, Object-Z. Then, we propose instantiation rules using formal specification and those rules precisely define constraints for instantiating PLA. By applying the proposed formal specification, we believe PLA instantiation can be carried out precisely and correctly, yielding high quality software development.

• International Journal of Highway Engineering
• /
• v.10 no.3
• /
• pp.231-237
• /
• 2008

One of the basic requirements for the most advanced countries would be the well-planned traffic infrastructures. For such traffic safety systems, foreign countries follow the current tendency to which they manage the traffic facilities and equipments based on the objective assessment for the state of every traffic safety facility in terms of Asset Management(AM). As the road safety facilities related among them are very diverse, and their functions are very important as well, the regulations and directions for installing them are enacted. However, despite the standards and directions for the installations, sometimes, the facilities are not installed in accordance with the standards, not only causing inconvenience to the users but also negatively affecting the safety for them. In the study, for the facilities in which the installation interval and height are standardized according to the designed speed and geometrical structure of the road among the various road safety facilities, the image analysis model capable of measuring them with a line scanning camera was developed. In addition, the program systematically analyzing this was also developed and applied to the field and, as the result of that, the size and installation interval of the facilities could be measured fast and accurately.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.21 no.10
• /
• pp.248-258
• /
• 2020

This study proposed a breakdown structure for maintenance and management technologies under the concept of comprehensive asset management at the life cycle level of infrastructure based on benchmarking with other developed countries. For this purpose, a comparative case study was performed to review and analyze the existing definitions and hierarchies for infrastructure maintenance, repair, and rehabilitation (MR&R) systems under major industrialized countries and South Korea. In accordance with the ratio of maintenance costs to GDP, the U.S., U.K, and Japan were selected to review their systems. The classifications and definitions of MR&R technologies under the laws were analyzed. The result showed that most developed countries differentiate maintenance and repair from improvement and constitute a system centered on preventive maintenance activities. On the other hand, Korea's system for facility management is not definitely classified and still focused on reactive structures, which need to be improved. In this study, as proposed, a breakdown structure established the concept of Maintenance and Management, Maintenance & Repair, and Performance Improvement. Consequently, this study could be used as the basis for the implementation of preventive MR&R activities and reasonable resource allocations from an asset management point of view.

• Journal of Korean Institute of Industrial Engineers
• /
• v.26 no.3
• /
• pp.249-256
• /
• 2000

Bond immunization model is used to minimize interest rate risk for investing in fixed-income market, the model equalizes asset and liability values using the duration which is the sensitivity of portfolio value with respect to the interest rate. However this model might generate an error in practice because the model is based on unreal hypothesis, so called "Parallel Shift Term Structure". In this paper, we use the neural network approach to overcome the parallel shift term structure and try to employ this term structure function to the traditional immunization model. Finally, we present some computational test results that show the superiority of the partial immunization model to the traditional methods.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.11
• /
• pp.689-698
• /
• 2020

The aim of this article is to determine the influence of factors on the capital structure of construction companies listed on the Hanoi Stock Exchange. The data of the article were collected and calculated from the financial statements of 54 construction companies listed on Hanoi Stock Exchange from 2012 to 2019. With the application of E-view software in quantitative analysis to build panel data regression model (panel data), the article has built a regression model to determine the relationship of intrinsic factors affecting the capital structure of construction companies listed on Hanoi Stock Exchange. In the study, dependent variable is capital structure, determined by the debt-to-equity ratio. Profitability, coefficient of solvency, size, loan interest rate, structure of tangible assets, and growth are independent variables. The results showed that the two factors of growth and firm size positively affect the capital structure, the profitability factor has the opposite effect on capital structure. Factors of short-term debt solvency, average loan interest rate and tangible asset structure have no correlation with capital structure. The findings of this article are useful for business administrators, helping business managers make the right financial decisions to make capital structure decisions in their own conditions.

• Journal of KIISE:Software and Applications
• /
• v.34 no.4
• /
• pp.328-341
• /
• 2007

When the decision to initiate a software product line has been taken, the first step is the domain analysis describing the variability in the requirements, the second important step is the definition of a domain architecture that captures the overall structure of a series of closely related products. A domain architecture can be a core asset in product line by describing the commonalities and variabilities of the products contained in the software product line. The variabilities, which are identified at each phase of the core assets development, are diverse in the level of abstraction. Therefore, it is important to clearly define, systematically identify, and explicitly represent variability at the architectural level. However, it is difficult to identify and represent the variability which should be considered at the architecture level, because these may be appeared in architecture elements and in architecture configuration. In this paper, we suggest a method of developing domain architecture as a core asset in product line where commonality and variability are explicitly considered. First of all, we will describe a domain architecture metamodel that can explicitly define commonality and variability concepts by extending the Object Management Group's ($OMG^{TM}$ Reusable Asset Specification eRAS) model. Using the domain architecture metamodel, architecture elements are defined and the variations that can be identified at the architecture level are classified into two types in according th abstract level. Additionally, we describe a domain architecture where commonality and variability are explicitly considered on basis of this metamodel.