• Title/Summary/Keyword: relative price

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The Performances and Character of Korean Venture Capital - focus on the Venture index in Kosdaq - (한국 벤처캐피탈의 투자성과에 대한 실증적 연구)

  • 김종권
    • Proceedings of the Safety Management and Science Conference
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    • 2005.05a
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    • pp.379-392
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    • 2005
  • The size of state in Korea is like Israel, this country's venture capital is ruled by government. This venture capital's character is below: the concentration on research of venturer affect positively at quality of products. This paper lies with venture capital's risk character & performance. The results show that Korean venture capitals have lager unsystematic risk than systematic risk, which implies they specialize in specific business and/or regional areas instead of diversification. The Sharpe & Jensen measures reveal that the performances of Korean venture capitals are very low relative to even the market portfolio(Kospi) and Kosdaq Venture Index. Contrary to this, Venture firm's performance according to Entrepreneurship will cause to push up stock price.

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The Effect of motives and benefits and loss factors of social commerce on the product purchase satisfaction (소셜커머스의 이용동기와 혜택 및 손실요인이 제품 구매만족도에 미치는 영향)

  • Lee, Sang-Min
    • Journal of Digital Convergence
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    • v.14 no.9
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    • pp.149-158
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    • 2016
  • Recently social commerce has become an issue in E-commerce. It was made in purpose to seek the satisfaction of consumers plan to shop attempts to boost use of social commerce. Social commerce motives and benefits and loss factors are examined the impact of purchase satisfaction. Statistical analysis was performed using the multiple regression analysis. The results were as follows. First, economic incentives and hedonic motivations and opportunistic motivation factor had a significant effect on purchase satisfaction. Second, the benefits are psychological factors and price benefits had a significant effect on purchase satisfaction. Third, the more it feels less sense when using social commerce and economic losses, as used to feel less discomfort were higher purchase satisfaction. Finally, it was confirmed that the greater the relative benefit factors influence than the loss factor. This study is significant in that it provided meaningful data from the viewpoint of a consumer who uses social commerce sites.

Garlic yields estimation using climate data (기상자료를 이용한 마늘 생산량 추정)

  • Choi, Sungchun;Baek, Jangsun
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.4
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    • pp.969-977
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    • 2016
  • Climate change affects the growth of crops which were planted especially in fields, and it becomes more important to use climate data to predict the yields of the major vagetables. The variation of the crop products caused by climate change is one of the significant factors for the discrepancy of the demand and supply, and leads to the price instability. In this paper, using a panel regression model, we predicted the garlic yields with the weather conditions of different regions. More specifically we used the panel data of the several climate variables for 15 main garlic production areas from 2006 to 2015. Seven variables (average temperature, average maximum temperature, average minimum temperature, average surface temperature, cumulative precipitation, average relative humidity, cumulative duration time of sunshine) for each month were considered, and most significant 7 variables were selected from the total 84 variables by the stepwise regression. The random effects model was chosen by the Hausman test. The average maximum temperature (January), the cumulative precipitation (March, October), the cumulative duration time of sunshine (April, October) were chosen among the variables as the significant climate variables of the model

Empirical study on Business Ethics in Korea: with Emphasis on Marketing (한국기업의 윤리의식 및 행동에 관한 실증연구 -마켓팅을 중심으로-)

  • Byun, Yong-Hwan;Kim, Sang-Yong;Ahn, Dong-Kyu
    • Korean Business Review
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    • v.13
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    • pp.89-105
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    • 2000
  • This study explores the general marketing ethics among Koreans and helps us understand bu such as bribery, unfair price increases, and so on. By examining msiness ethics in Korea. Based on a scenario approach, we focus on the ethical problems developed or identified from previous research in the western countries. We find that the people in our sample perceive the relative seriousness of ethics problemsarketing-related ethical issues, first we find the differences in how the young and old recognize business ethics. Specifically the younger generation in Korea shows less ethical reaction in general because they have not developed a long-term perspective. Moreover the older generation shows less ethical attitude towards bribery. Second, we confirm the findings in Zey-Ferrell et al (1991) that all individuals think they are more ethical than others. We also discuss other demographic variables related issues that might affect the business ethics in Korea.

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Application of Highland Kimchi Cabbage Status Map for Growth Monitoring based on Unmanned Aerial Vehicle

  • Na, Sang-Il;Park, Chan-Won;Lee, Kyung-Do
    • Korean Journal of Soil Science and Fertilizer
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    • v.49 no.5
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    • pp.469-479
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    • 2016
  • Kimchi cabbage is one of the most important vegetables in Korea and a target crop for market stabilization as well. In particular Kimchi cabbages in a highland area are very sensitive to the fluctuations in supply and demand. Yield variability due to growth conditions dictates the market fluctuations of Kimchi cabbage price. This study was carried out to understand the distribution of the highland Kimchi cabbage growth status in Anbandeok. Anbandeok area in Gangneung, Gangwon-do, Korea is one of the main producing districts of highland Kimchi cabbage. The highland Kimchi cabbage status map of each growth factor was obtained from unmanned aerial vehicle (UAV) imagery and field survey data. Six status maps include UAVRGB image map, normalized difference vegetation index (NDVI) distribution/anomaly map, Crop distribution map, Planting/Harvest distribution map, Growth parameter map and Growth disorder map. As a result, the highland Kimchi cabbage status maps from May 31 to Sep. 6 in 2016 were presented to show spatial variability in the field. The benefits of the highland Kimchi cabbage status map can be summarized as follows: crop growth monitoring, reference for field observations and survey, the relative comparison of the growth condition in field scale, evaluation of growth in comparison of average year, change detection of annual crops or planting areas, abandoned fields monitoring, prediction of harvest season etc.

Analysis of consumption expenditure in urban household budgets -Using time series data- (도시 노동자가계의 소비지출분석 - 時系列 자료를 중심으로-)

  • 김정숙
    • Journal of Families and Better Life
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    • v.10 no.2
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    • pp.19-36
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    • 1992
  • The purpose of this paper is to analyze empirically the tendency of household consumption expenditure according to the change of social and economical condition, and the factor which influences consumption expenditure of urban household. The data used in analysis are time-series. The data are statistic form Urban Household Economy Survey published by the Economic Planning Board, dating form the first quarter of 1970 to the fourth quarter of 1989. The income of household and consumption expenditure materials were deflated as consumer price index to exclude the influence of prices and the influence of household composition are considered to deflated as the size of the household under assumption of homogeneity. The consumption expenditure items were categorized to 12 relatively large range items. The time-series data were analyzed by using the Two Stage Least Squares and the Ordinary Least Squares. The following is the result of analysis. 1) Rather than the income increase of previous years. the average income increase for two years influences more significantly on consumption expenditure of household. In the case of influence on consumption expenditure for each item by increase in disposable income, such categories as furniture and utensils. clothing and footwear, housing, medical care, culture and recreation, and transportation and communication have significant influence. 2) Among consumption expenditure categories, the increasing factors were furniture and utensils, and clothing and footwear. And the decreasing factors were housing, medical care, culture and recreation ,and transportation and communication. The relative prices, however, had significant influence on categories such as housing, furniture and utensils, medical care , culture and recreation, and transportation and communication and all of them were the decreation factors. 3) Among with changes of social and economical conditions, miscellaneous showed the highest increase in marginal propensity to consume and foods was the lowest. Also culture and recreation and housing brought up a great change of the income elasticity of demand.

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An Empirical Study on Pricing Model for Software Operation (소프트웨어 운영 대가산정 방식에 대한 실증적 연구)

  • Kim, Heungshik;Kim, Choong Nyoung;Seo, Yongwon
    • Journal of Information Technology Services
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    • v.18 no.4
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    • pp.67-82
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    • 2019
  • The purpose of this study is to improve the calculation method of the software operation pricing proposed by the software business price calculation guide from 'input manpower method' to 'rate calculation method'. The software operation pricing of the input manpower method is not objectively calculated in the domestic IT outsourcing situation where the statistical data based on the activity based estimating is insufficient and it is decided by agreement between the owner and the client. In addition, there was no standard for adjusting the productivity according to the characteristics of the operation service. In order to improve this, an operational correction factor item that can affect the software operation productivity was selected based on foreign and domestic standards, and it was confirmed through the first questionnaire to IT operation managers. In order to determine the level of difficulty of the fixed operational correction factors, the operational correction factor using AHP technique was confirmed through a second questionnaire for pairwise comparison. The operational difficulty calculation table was developed with reference to COCOMO and ITIL standards. Finally, we propose a new pricing scheme that reflects the operating rate. Regression analysis was carried out by collecting the data of the domestic public institutions on the estimated cost and the actual cost calculated from the new rate method software operation pricing. The results of the regression analysis show that the estimated cost and the actual cost are related to each other. Mean magnitude of relative error(MMRE) and PRED[25] analysis were added for accuracy analysis. MMRE and PRED also showed satisfactory results, confirming the possibility of replacing the rate method software operation pricing.

A Way to Enhance Efficiency of Nuclear Program in Korean R&D Program by Data Envelopment Analysis (자료포락분석법을 활용한 국가연구개발사업의 효율성 분석 - 원자력연구개발사업을 중심으로 -)

  • Kim, Tae-Hee;Kim, In-Ho;Ahn, Sung-Bong;Lee, Kye-Suk
    • Journal of Korea Technology Innovation Society
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    • v.12 no.1
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    • pp.70-87
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    • 2009
  • This paper studies the efficiency of public sector confronting with increasing oil price, economy crisis and energy-environment problems. In consideration that efficiency of national R&D program has been subjectively evaluated, this paper focuses objective validity by relative efficiency through a comparison among R&D programs in Korea. To implement this study, data published in national reports on R&D programs is used and analyzing method is induced by related books and theories. At the result of Data Envelopment Analysis on the collected data, this paper suggests the way to enhance the efficiency of nuclear R&D program. This study is the first on efficiency of national R&D programs applied DEA methods and is expected to contribute exploring the more efficient way of program management if more sophisticated DEA could be developed and applied.

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Extraction of Road Facility Information Using Multi-Imagery (다중영상을 이용한 도로시설물 정보추출)

  • Sohn, Duk-Jae;Yoo, Hwan-Hee;Lee, Hey-Jin
    • Journal of Korean Society for Geospatial Information Science
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    • v.10 no.1 s.19
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    • pp.91-100
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    • 2002
  • Recently, many studies on the construction of management system for road facility have been accomplished, and in its process the digital map is used as the essential data for spatial database. But in case where the existing topographical map or completion map of construction data is not sufficient for Data Base construction, the compilation, modification or renewal of digital map should be conflicted with large obstacles. This study intended to extract the road facility information using the image data of various form such as aerial photographs, terrestrial photographs and so on. The terrestrial photographic images are taken by hand-held camera, digital camera and video camera which are widely used and of low price in general. This study used the single frame images only for the raw image data, and the extracted spatial and attribute data from the images are used for modifying and updating the database. In addition, the creating possibility of the digital map in the relative scale using the spatial data extracted from the single images was tried.

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Growth and Photosynthetic Characteristics of Atractylodes japonica by Light Controls and Leaf Mold Treatment in Forest Farming (임간재배 시 광조절과 부엽토 처리에 따른 삽주의 생육 및 광합성 특성)

  • Jeon, Kwon Seok;Song, Ki Seon;Choi, Kyu Seong;Kim, Chang Hwan;Park, Yong Bae;Kim, Jong Jin
    • Korean Journal of Medicinal Crop Science
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    • v.23 no.2
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    • pp.161-167
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    • 2015
  • This study was carried out to determine the effects of light controls and leaf mold on root growth and physiological responses of Atractylodes japonica growing in forest farming. The experiment was performed by light controls (100%, 62.5%, 40.3% and 19.7% of full sunlight) and application of leaf mold to soil. Height, stem diameter, number of flower buds and root collar diameter were the highest in leaf mold within 62.5% of full sunlight (relative light intensity 62.5%). And these were the higher in leaf mold within each light level. As the shading level increased, light saturation point and maximum photosynthesis rate decreased. As the light level decreased, SPAD value increased in control and leaf mold. As a result of surveying the whole experiment, A. japonica was judged worse root growth under the lower light level. It was concluded that the light level was one of the most important factors to produce A. japonica. Also, producing high-quality of A. japonica with the price competitiveness by using leaf mold like the experiment can be an effective way to increase incomes for farmers.