• Title/Summary/Keyword: present value

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갯벌과 간척농지의 수질 및 대기조절가치의 비교분석 (A Comparative Analysis of the Functional Values for Wastewater Treatment and Atmospheric Regulation in Coastal Wetland and Rice Paddy Ecosystems)

  • 표희동
    • 자원ㆍ환경경제연구
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    • 제10권1호
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    • pp.95-126
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    • 2001
  • Functional values for wastewater treatment and atmospheric regulation in coastal wetland and rice paddy ecosystems are quantified, and an illustration is given on how to integrate biophysical parameters into a valuation framework. This is one of most controversial issues in economic analysis for wetland preservation versus wetland conversion to agricultural use. This paper includes theoretical considerations for estimating functional values of environmental ecosystems, and the integration of biophysical data and replacement cost method employed. Specific physical and geographical characteristics and data on ecosystem functions and services in coastal wetlands and rice paddies are addressed for evaluating their values in economic terms. In particular this paper indicates double counting problems and overestimation in the previous studies, and demonstrates how to avoid them and to maintain the consistency of valuation process involving a least-cost method, thus enables an accurate integration of the coastal wetland ecology and wetland economics. As a result which is far away from the previous studies, the total economic present value of wastewater assimilation by coastal wetland is estimated at 7,484,640 won/ha, and the net present value of positive effect for atmospheric regulation, negative effects for air pollution and water pollution by rice paddy is estimated at -37,934 won/ha, assuming that resources are infinitely long-lived and the annual value and the rate of discount (10%) is constant every year. In conclusion, for further reliability and validity of functional values for natural resources it is very noteworthy that a general equilibrium framework that could directly incorporate the interdependence between ecosystem functions and services would be preferred to the partial equilibrium framework.

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Statistical properties of the maximum elastoplastic story drift of steel frames subjected to earthquake load

  • Li, Gang
    • Steel and Composite Structures
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    • 제3권3호
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    • pp.185-198
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    • 2003
  • The concept of performance based seismic design has been gradually accepted by the earthquake engineering profession recently, in which the cost-effectiveness criterion is one of the most important principles and more attention is paid to the structural performance at the inelastic stage. Since there are many uncertainties in seismic design, reliability analysis is a major task in performance based seismic design. However, structural reliability analysis may be very costly and time consuming because the limit state function is usually a highly nonlinear implicit function with respect to the basic design variables, especially for the complex large-scale structures for dynamic and nonlinear analysis. Understanding statistical properties of the structural inelastic deformation, which is the aim of the present paper, is helpful to develop an efficient approximate approach of reliability analysis. The present paper studies the statistical properties of the maximum elastoplastic story drift of steel frames subjected to earthquake load. The randomness of earthquake load, dead load, live load, steel elastic modulus, yield strength and structural member dimensions are considered. Possible probability distributions for the maximum story are evaluated using K-S test. The results show that the choice of the probability distribution for the maximum elastoplastic story drift of steel frames is related to the mean value of the maximum elastoplastic story drift. When the mean drift is small (less than 0.3%), an extreme value type I distribution is the best choice. However, for large drifts (more than 0.35%), an extreme value type II distribution is best.

Non-linear analysis of dealamination fracture in functionally graded beams

  • Rizov, Victor I.
    • Coupled systems mechanics
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    • 제6권1호
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    • pp.97-111
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    • 2017
  • The present paper reports an analytical study of delamination fracture in the Mixed Mode Flexure (MMF) functionally graded beam with considering the material non-linearity. The mechanical behavior of MMF beam is modeled by using a non-linear stress-strain relation. It is assumed that the material is functionally graded along the beam height. Fracture behavior is analyzed by the J-integral approach. Non-linear analytical solution is derived of the J-integral for a delamination located arbitrary along the beam height. The J-integral solution derived is verified by analyzing the strain energy release rate with considering the non-linear material behavior. The effects of material gradient, crack location along the beam height and material non-linearity on the fracture are evaluated. It is found that the J-integral value decreases with increasing the upper crack arm thickness. Concerning the influence of material gradient on the non-linear fracture, the analysis reveals that the J-integral value decreases with increasing the ratio of modulus of elasticity in the lower and upper edge of the beam. It is found also that non-linear material behavior leads to increase of the J-integral value. The present study contributes for the understanding of fracture in functionally graded beams that exhibit material non-linearity.

기업내 비정형 데이터의 가치 평가 모델에 관한 연구 (A Study on the Value Evaluation of the Unstructured Data within Enterprise)

  • 장만철;김정수;김종희;김종배
    • 한국정보통신학회:학술대회논문집
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    • 한국정보통신학회 2014년도 춘계학술대회
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    • pp.367-369
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    • 2014
  • 디지털 데이터에는 TEXT 파일, OFFICE 파일, 이미지 파일, 동영상 파일, 도면 파일 등과 같은 비정형 데이터가 대부분을 차지하고 있다. 최근 기업 내에서 생성되고 활용되는 디지털 데이터는 그 양이 급격히 증가하고 있다. 한편, 이들 디지털 데이터는 디지털 자산으로서의 중요성이 부각되고 있으나, 그 자산의 가치에 대한 평가는 제대로 이루어지지 않고 있는 실정이다. 따라서, 본 연구에서는 기업 내 디지털 자산으로서의 비정형 데이터의 가치 평가 모델을 제시한다. 또한, 이를 통해 자산으로서의 비정형 데이터에 대한 차별적 관리 방안을 제시한다.

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Intellectual Capital Measurement and Disclosure : A New 'Paradigm' in Financial Reporting

  • Bhasin, Madan Lal
    • 융합경영연구
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    • 제4권4호
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    • pp.1-16
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    • 2016
  • In today's knowledge-based economy, measurement and disclosure (M&D) of intellectual capital (IC) are crucial for enhancing business performance and competitiveness. In the global world, M&D of IC are useful means to keep investors well-informed and reduce information asymmetry. At present, very few leading corporations in India have disclosed IC information on a 'voluntary' basis. Traditional accounting practices, therefore, will need to assimilate innovations that seek to meaningfully represent the 'true-value' of the intangible assets of the company. This is an exploratory study of IC M&D by 8 Indian companies over 5-year period, using 'content' analysis and market-value-added (MVA) as research methodologies. The annual reports of companies were collected from their respective websites. As part of present study, various statistical techniques have been used to analyze the data. The findings show that the sample companies, on an average, reported a positive value of IC, along with wide-disparity, low-level of ICD. Unfortunately, the omission of IC information may adversely influence the quality of decisions made by shareholders, or lead to material misstatements. Finally, we recommend to "the international accounting bodies, to take the lead by establishing a harmonized ICD standard, and provide guidance to the big listed-companies for proper measurement and disclosure of IC, both for internal and external users."

기업 사이버교육생의 학업적 자기효능감, 자기조절학습능력, 온라인과제가치가 학업성취도와 학습전이에 미치는 영향 (The Effects of Academic Self-Efficacy, Self-Regulated Learning and Online Task Value on Academic Achievement and Learning Transfer in Corporate Cyber Education)

  • 주영주;김소나;김은경;박수영
    • 지식경영연구
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    • 제9권4호
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    • pp.1-16
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    • 2008
  • The purpose of the present study is to explain the effects of academic self-efficacy, self-regulated learning and online task value on academic achievement and learning transfer in corporate cyber education. 202 students who completed S corporate's cyber courses in 2007 and responded to all survey participated in this study. A hypothetical model was proposed, which was composed of academic self-efficacy, online task value and self-regulated learning factors as prediction variables, and learning transfer as well as academic achievement factors as outcome variables. The results of this study through regression analysis as follows. First, learners' academic self-efficacy, self-regulated learning and online task value predict learners' academic achievement significantly. Second, except for academic self-efficacy, learners' self-regulated learning and online task value predict on learners' learning transfer significantly. Third, academic achievement plays a role as mediating value in predicting academic achievement by online task. It implies that learners' academic self-efficacy, online task value and self-regulated learning which predict learners' academic achievement and learning transfer should be considered in developing strategies for the design and operation of cyber courses.

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Transient Improvement Algorithm in Digital Images

  • 권지용;장준영;이민석;강문기
    • 한국방송∙미디어공학회:학술대회논문집
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    • 한국방송공학회 2010년도 하계학술대회
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    • pp.74-76
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    • 2010
  • Digital images or videos are used in modern digital devices. The resolution of HDTV in digital broadcasting system is higher than that of previous analog systems. Also, mobile phone with 3G can provide images as well as video streaming services in realtime. In these circumstances, the visual quality of images has become an important factor. We can make image clear by transient improvement process that reduces transient in edges. In this paper, we present an transient improvement algorithm. The proposed algorithm improves edges by making smooth edge to steep edge. Before performing transient improvement algorithm, edge detection algorithm should be operated. Laplacian operator is used in edge detection, and the absolute value of it is used to calculate gain value. Then, local maximum and minimum values are computed to discriminate current pixel value to raise up or pull down. Compensating value that gain value multiplies with the difference between maximum (or minimum) value and current pixel value adds (or subtracts) to current pixel value. That is, improved signal is generated by making the narrow transient of edge. The advantage of proposed algorithm is that it doesn't produce shooting problem like overshoot or undershoot.

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상수관로의 유속계수 설계기준 (Design criteria of Hazen-Williams C value of water pipe system)

  • 권혁재
    • 상하수도학회지
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    • 제29권6호
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    • pp.659-666
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    • 2015
  • In this study, Hazen-Williams C value of pipes in wide waterworks system was estimated and statistically analyzed. Hazen-Williams C value of water pipe was predicted after 20 years of service period. From the results, it was found that C value of water pipe for treated water maintained higher value of 110 after 20 years of installation. Furthermore, it was found that velocity coefficients of steel pipe for less than and more than 20 years of installation were 117.7 and 109.3, respectively. C value of ductile iron pipe for less than and more than 20 years of installation were 118.1 and 114.2, respectively. In this study, it was also found that small value of C is used in the design of water pipe system. Therefore, excessively bigger size of pipe can be determined in the design of water pipe system. From the results of present study, optimum value of C can be used to avoid the oversized design of water pipe system.

기업의 경쟁우위에 있어 정보기술·ICT의 사업 가치에 대한 이해와 시사점 : 정보기술·ICT가 기업의 경쟁우위에 미치는 영향에 대한 프레임워크 제안 (Understanding the Business Value of Information Technology(IT) and Information Communication Technology (ICT) in the Competitive Advantage : An Framework for the Impact of IT and ICT on Firm's Competitive Advantage)

  • 김민식
    • 한국IT서비스학회지
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    • 제18권2호
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    • pp.161-183
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    • 2019
  • Researches on the business value of IT and ICT in the past has been focused on static content researches such as study of IT ICT itself and study of the relationship between IT ICT and performance. In recent years, however, the need for discussions on the "process of IT and ICT making economic value (performance) difference between companies" is growing. In particular, there is a need for an framework to analyze the process of qualitative change (progress, evolution, improvement) of IT and ICT affecting the competitive advantage. In this paper, we present a framework for analyzing the process of creating competitive advantage by IT ICT and show the structure of how IT and ICT resources lead to the creation of competitive advantage. In order to achieve these objectives, this paper proposes a framework for the process of creating competitive advantage by linking IT and ICT related resources, value activities, value chains, and business processes.

CSR Practices and Corporate Financial Performance: Evidence from China

  • Meng, Lamei;Byun, Hae-Young
    • 아태비즈니스연구
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    • 제13권3호
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    • pp.73-92
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    • 2022
  • Purpose - The purpose of this paper is to explore the relationship between corporate social responsibility (CSR) and corporate present and future value. Design/methodology/approach - This paper intends to prove the relationship between CSR and corporate value once again by selecting A-share companies listed on the China Shenzhen Stock Exchange and Shanghai Stock Exchange from 2010 2017. This paper also examines the effect of five dimensions of CSR on corporate value in China. Findings - Empirical evidence shows that CSR is conducive to corporate value. The fulfillment of social responsibilities improves firm value in the future. Further, the regression results show that the social responsibility of the non-state-owned enterprise (Non-SOEs) group has a more significant effect on corporate financial performance than on the state-owned enterprise (SOEs) group. Research implications or Originality - This study has limitations. First, the grouping is only divided into two groups of SOEs and non-SOEs, and we did not consider foreign investments, that is, foreign-funded enterprises, for the comparative analysis. Second, only the linear relationship between CSR and corporate value was tested. In the future, we must determine whether there exists a nonlinear relationship between the two key concepts. Finally, there exists no research on CSR and corporate value by specific industries. Thus, the relationship between the five dimensions of CSR and corporate value should be investigated by specific industries.