• Title/Summary/Keyword: financial development

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A financial feasibility analysis of architectural development projects that use probabilistic simulation analysis method (확률론적 시뮬레이션 분석방법을 적용한 건축개발사업의 재무적 타당성 분석)

  • Lee, Seong-Soo;Choi, Hee-Bok;Kang, Kyung-In
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.3
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    • pp.76-86
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    • 2007
  • Construction development work invents profit as those finalize object, and a make or break success of project depends on correct analysis and forecast business feasibility at project early. Business feasibility study would be decision-making under precarious situation because is connoting uncertainty that is future. estimate at present visual point essentially. Under uncertainty, a decision-making method is based on probability theory of statistics, but business feasibility study had applied with not feasibility study by probabilistic decision method but it by determinism derision method so far. Therefore in this study doing decision-making by a probability theory method for successful project at early business feasibility study, it present a probabilistic study method that use simulation that can supply a little more correct and reliable data to decision-maker As result, a probabilistic study method is more suitable than deterministic study method as technique for a financial feasibility study of construction development work. Making good use of this probabilistic study method at important business or careful decision-making, because efficient Judgment that is based accuracy and authoritativeness may become available.

Impacts of Financial Inclusion on Sustainable Development in India

  • SINGH, Saumya;GAUTAM, Rahul Singh;AGARWAL, Bhakti;PUSHP, Aman;BARGE, Prashant;RASTOGI, Shailesh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.235-242
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    • 2022
  • The ultimate motive of the paper is to establish whether financial inclusion (FI) has a consequential impact on the Sustainable Development (SD) of India. This study uses one model for the assessment of the influence of FI through the Co-Operative bank network on SD. This is purposely done to analyze the absolute impact of the role of the Co-Operative bank network in the said context. The sample encompasses data taken from 28 states and 3 Union Territories for two years (FY2018-FY2020). Assessment of data for the remaining Union Territories is not undertaken for the reason of the non-availability of data for other Union Territories. This study uses Panel Data Analysis (PDA) to establish the nexus of the relation between the said variables. Results of this study reveal elevated levels of SD resultant of increased FI thereby indicating a positive and significant relationship between the said variables. Unlike previous studies, this study gives India-specific significant findings, which suggests policy formulation for increasing the numbers and improving the governance of Co-Operative bank networks for SD. Co-Operative bank network as a proxy despite having high weighted significance in FI has not been incorporated in any recent study as per the last updated knowledge of authors.

A Study on the development of sponsors of social welfare facilities through marketing mix (마케팅 믹스에 의한 사회복지시설 후원자 개발에 관한 연구)

  • Cho, Woo-Hong
    • Journal of the Korea Society of Computer and Information
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    • v.14 no.5
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    • pp.195-200
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    • 2009
  • This study aims to speculate the development of sponsors of social welfare facilities through marketing mix. This is the time when the logics of economy is applied for the area of social welfare. Since July 2008 when the long-term care insurance system for the elderly executed, a number of social welfare facilities which depend on governmental budget have competed for various resources, but most of them have still had serious financial difficulties. As a supplementary method to overcome the financial problem, we have to develop how to excavate and manage sponsors who fit for conditions of the facilities to secure financial resources. To develop sponsors of social welfare facilities through marketing mix in this aspect, this study is to present strategic methods for sponsor development in seven factors developed by Fine(1992): product, price, promotion, place, producer, purchaser, and probing.

Development of an Early Warning System based on Artificial Intelligence (인공지능기법을 이용한 외환위기 조기경보시스템 구축)

  • Kwon, Byeung-Chun;Cho, Nam-Wook
    • IE interfaces
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    • v.25 no.3
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    • pp.319-326
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    • 2012
  • To effectively predict financial crisis, this paper presents an early warning system based on artificial intelligence technologies. Both Genetic Algorithms and Neural Networks are utilized for the proposed system. First, a genetic algorithm has been developed for the effective selection of economic indices, which are used for monitoring financial crisis. Then, an optimum weight of the selected indices has been determined by a neural network method. To validate the effectiveness of the proposed system, a series of experiments has been conducted by using the Korean economic indices from 2005 to 2008.

A Historical Study on Gye from The Home Wellfare Point View (가정복지의 관점에서 본 계의 역사적 고찰)

  • 류정순
    • Journal of Families and Better Life
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    • v.11 no.1
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    • pp.1-11
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    • 1993
  • The purpose of this study is to review histoiral development of Gye from the home welfare point of view. The origin of gye can be found ancient primative society but it was widely organized middle of{{{{ {Y }_{1 } }} }} D ynasty of Gye was originally wellfare o r ganization but changed to financial organization later. Gye can be classified as an organization 1) to realize common purpose as a whole community & 2) to realize common purpose as a household or individual Home wellfare function of Gye are studied on 8 areas,. In order to revitalize original Gye spirit in he modern society following was suggested: 1) For the rural village to be unified under Durae's spirit and organize Farming Company; 2) For the urban community to link needy people's Gye and above middle class people's Gye and utilize as civil wellfare organization ; 3) For financial organizaton to develop a pool financial product.

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A Macroprudential Approach to Financial Supervision and Monetary Policy in Emerging Economies (금융시장의 안정과 통화신용정책의 효율성을 위한 거시건전성 감독의 방향)

  • Park, Yung Chul
    • KDI Journal of Economic Policy
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    • v.34 no.1
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    • pp.1-27
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    • 2012
  • This paper attempts to define, construct a policy framework, and analyze interactions with monetary policy of macroprudential policy. The available pieces of evidence suggest that the effects of the LTV and DTI regulations for financial stability are rather unclear in Korea. It also shows that when financial markets exhibit instability in a stable inflationary environment, macroprudential policy could run into conflict with monetary policy. This paper proposes an appropriate modality of macroprudential policy to minimize the potential conflict with monetary policy.

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An Empirical Research for the Software Process Capability and Organizational Performance in Korea (SW프로세스능력에 관한 현황과 기업성과에 관한 연구)

  • 나미자;남기찬;김정욱;박수용
    • Journal of Korean Society for Quality Management
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    • v.30 no.1
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    • pp.22-46
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    • 2002
  • Recently, increasing attention has been paid to building the software quality and software productivity due to ongoing software crisis. To overcome such problem, one of the many alternatives is to use the capability maturity model (CMM) suggested by the Software Engineering Institute(SEI), focusing on the improvement of software progress. This research is proposed the theoretical framework for CMM based on the previous studies, and review the status of software process on the software development organization. We then examine the impact of the software process capability on the organizational performance including financial measures and non-financial measures. Hypotheses on software process capability were tested 144 organizational units. The 62.5% of foreign companies are distribute to the second and third level, the Korean firms in this study are indicated the first level. Result indicate that maturity of software process may be served the key predictor of organizational performance, in particular the positive relationship between the software process and non-financial performance index such as customer service, IT Infrastructure, marketing, supplier and purchaser, production and operation.

Microfinance Institutions and Legal Status: An Overview of the Microfinance Sector in Bangladesh

  • Mia, Md Aslam
    • The Journal of Asian Finance, Economics and Business
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    • v.3 no.2
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    • pp.21-31
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    • 2016
  • Although the microfinance sector in Bangladesh is mainly driven by Non-Governmental-Organizations (NGOs), there are other types of Microfinance Institutions (MFIs) that also provide financial services to the poor. Despite the criticism of microfinance programs, the current poverty situation in Bangladesh still requires such programs for consistently battling poverty. Hence, the aim of this paper is to profile the microfinance sector based on their legal status and investigate any possible differences (if any) between them in various aspects. After a thorough investigation of the sector, it was found that around 33 million of the clients are being served by the mainstream MFIs (NGO and Grameen Bank) while another 10-15 million clients are served by other types of MFIs (financial cooperatives, credit unions, various ministries etc.), accounting for the one-third of the total population in Bangladesh. While the mainstream MFIs basically works with poor, other categories of MFIs are concerned with relatively wealthy clients. Looking into the financial performance and social intermediation of the MFIs, the NGO-MFIs performed better than other types of MFIs in the sector.

The Development of a Hybrid Financial Product Factory (금융 프로덕트 팩토리를 위한 복합상품 설계시스템의 개발)

  • 이성하;최성철;주정은;구상회
    • Proceedings of the Korea Society for Industrial Systems Conference
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    • 2003.11a
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    • pp.707-720
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    • 2003
  • Product factory is a real-time financial product design system for the Internet customers. The hybrid product is a product taking combined characteristics of two different products. Hybrid product factory is a product factory that designs hybrid products from two different products based on both business rules and customer requirements. Though the importance of product factory is emphasized in the industry, there has not been much research peformed regarding product factory. In this research, we developed a product factory system that designs hybrid products. To design a hybrid product, it is necessary to have a method to combine attributes and values of two different products, and a method to control the combining operations to properly reflect business requirements. In this research, we developed four different combining operators and business rule representations. In addition, to prove the effectiveness of this methods, we implemented a prototypical system and demonstrated on cases regarding financial loan products.

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The Effects of Export Diversification on Macroeconomic Stabilization: Evidence from Korea

  • LEE, JINSOO;YU, BOK-KEUN
    • KDI Journal of Economic Policy
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    • v.41 no.1
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    • pp.1-14
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    • 2019
  • This paper studies whether export diversification mitigated the negative effect of the global financial crisis on exports using the Korean case. Specifically, we use annual data on the exports of 24 Korean manufacturing industries from 2000 to 2016 and examine whether the negative effect of the crisis on exports was less prevalent in industries that were more diversified in terms of country and product. We also examine whether export competitiveness, as measured by the revealed comparative advantage index by industry, had a mitigating effect on trade during the crisis. In order to study these issues, we use panel regression with a fixed-effect model for 24 Korean manufacturing industries. From our empirical analysis, we find that country diversification weakened the negative impact of the global financial crisis on Korea's exports, whereas neither product diversification nor export competitiveness did so.