• Title/Summary/Keyword: reserve ratio

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A Directional Distance Function Approach on the Efficiency of Chinese Commercial Banks (방향성거리함수를 이용한 중국의 상업은행 효율성 분석)

  • Hwang, Ryeon-Hee;Kim, Seong-Ho;Lee, Dong-Won;Nam, Doo-Woo
    • Journal of Korea Society of Industrial Information Systems
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    • v.17 no.2
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    • pp.81-94
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    • 2012
  • On December 11, 2001, China joined the WTO and became one of the member countries and the Chinese financial markets had to be open in 5 years. So, the Chinese government transformed national commercial banks into joint-stock banks. The purpose of this paper is to investigate the validity of this decision by the Chinese government. In order to measure the efficiency of banks, the directional distance function (DDF) methodology is used, which analyzes whether a bad output exists in the outputs. In the empirical analysis, the number of staffs, the fixed assets, and the equity capital are used as inputs, while the loans and the non-performing loans ratio are used as a good output and a bad output, respectively. The non-performing loans ratio is included in output since it could affect the efficiency of banks. If it isn't considered in the analysis, a distortion might occur in analyzing the efficiency of banks. The results show that the efficiency of the major commercial banks was improved, and that the efficiency of joint-stocks banks was higher for 2002-2003 while the efficiency of national commercial banks was higher for 2004-2006. It was due mainly to the foreign exchanges reserve funds injected into national commercial banks by the Chinese Ministry of Finance, and as a result bad assets were eliminated.

Comparison of Treadmill and Cycle Ergometer in Male Korean College Students (한국 남자 대학생을 대상으로 시행한 Cardiopulmonary Exercise Test에서 Treadmill과 Cycle Ergometer의 비교 분석)

  • Chang, Yoon-Soo;Park, Jae-Min;Choi, Seung-Won;Ahn, Gang-Hyun;Lee, Jun-Gu;Yang, Dong-Kyu;Kim, Se-Kyu;Chang, Jun;Ahn, Chul-Min;Kim, Seong-Kyu;Lee, Won-Yong
    • Tuberculosis and Respiratory Diseases
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    • v.47 no.1
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    • pp.26-34
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    • 1999
  • Background : Generally $VO_2$ max is higher in treadmill exercise than cycle ergometer exercise. According to Hassen and Wasserman, $VO_2$ max with treadmill exercise is higher at ratio of 1.11 than that with cycle ergometer. $VO_2$ max also is influenced by race, sociocultural background, exercise habit In this study, $VO_2$ max and AT were evaluated between Treadmill and cycle exercise in male Korean college students. Method: Study subjects were 44 male college students. We randomized them into 2 groups; 24 students did treadmill exercise at first and 1 week later did cycle ergometer. Another 20 students did in opposite method. They made symptom limited maximal exercise. Author defined maximal exercise as followings: 1) respiratory exchange ratio(RER)> 1.1, 2) plateau>30 sec, 3) heart rate reserve(HRR) <15%, or 4) breathing reserve (BR)<30%. Otherwise their results are excluded as submaximal exercise. Anaerobic threshold(AT) was estimated by V-slope method. Results: $VO_2$ max and AT was $45.1{\pm}6.66m\ell$/kg/min and $26.0{\pm}6.78m\ell$/kg/min in treadmill and $34.9{\pm}5.89m\ell$/kg/min, $19.5{\pm}4.77m\ell$/kg/min in Cycle Ergometer. The measured-$VO_2max$/pred-$VO_2max$ was $98.8{\pm}13.24%$ in treadmill; $84.4{\pm}13.42%$ in cycle ergometer. Comparing $VO_2$ max in treadmill with that obtained by Hassen's method, there were significant differences.(p<0.01). At maximal exercise there were differences in HRR, $O_2$/pulse, BR, $V_E$/MVV, $V_E/VCO_2$ between treadmill and cycle but not in $V_E/VO_2$, Vd/Vt, Ti/Ttot. At AT there were differences in $O_2$/pulse, BR, $V_E$/MVV, Ti/Ttot between treadmill and cycle, otherwise not. Conclusion: According to the result of this study, there are larger gap between treadmill and cycle ergometer in normal Korean adults than foreign data, and it needs further study to obtain reference value of Korea.

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Vegetation Characteristics and Changes of Evergreen Broad-Leaved Forest in the Cheomchalsan(Mt.) at Jindo(Island) (진도 첨찰산 상록활엽수림의 식생 특성과 변화상)

  • Lee, Sang-Cheol;Kang, Hyun-Mi;Yu, Seung-Bong;Choi, Song-Hyun
    • Korean Journal of Environment and Ecology
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    • v.34 no.3
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    • pp.235-248
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    • 2020
  • The purpose of this study was to quantitatively analyze and investigate changes in the structural characteristics of the warm-temperate evergreen broad-leaved forest community in Mt. Cheomchalsan on Jindo Island. The Mt. Cheomchalsan has high conservation value because the representative warm temperate species such as Quercus acuta and Castanopsis sieboldii are distributed there. The community classification with TWINSPAN and DCA identified 4 communities: C. sieboldii community (I), C. sieboldii-Q. Salicina community (II), Q. acuta-C.sieboldii community (III), and deciduous broad-leaved trees-evergreen broad-leaved trees community (IV). According to the results of the mean importance percentage (MIP) analysis, C. sieboldii, Q. salicina, and Q. acuta were dominant species in the canopy layer, Camellia japonica, Ligustrum japonicum, and Cinnamomum yabunikkei were dominant in the understory layer, and Trachelospermum asiaticum, C. japonica, and C. sieboldii were dominant in the shrub layer. The comparison of the results of the diameter of breast height (DBH) analysis with the past data showed that the ratio of large-sized trees in the C. sieboldii and Q. acuta, which dominated the canopy layer, increased. However, there was no difference in the distribution of C. japonica and L. japonicum in the understory layer. In the future, it is necessary to generate a precision inhabiting vegetation map around the Natural Reserve to understand the actual habitation of evergreen broad-leaved trees and rezone the protective districts of evergreen broad-leaved trees forest with the watershed concept to preserve the evergreen broad-leaved forests of Mt. Cheomchalsan in Jindo.

Quality Assurance of Multileaf Collimator Using Electronic Portal Imaging (전자포탈영상을 이용한 다엽시준기의 정도관리)

  • ;Jason W Sohn
    • Progress in Medical Physics
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    • v.14 no.3
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    • pp.151-160
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    • 2003
  • The application of more complex radiotherapy techniques using multileaf collimation (MLC), such as 3D conformal radiation therapy and intensity-modulated radiation therapy (IMRT), has increased the significance of verifying leaf position and motion. Due to thier reliability and empirical robustness, quality assurance (QA) of MLC. However easy use and the ability to provide digital data of electronic portal imaging devices (EPIDs) have attracted attention to portal films as an alternatives to films for routine qualify assurance, despite concerns about their clinical feasibility, efficacy, and the cost to benefit ratio. In this study, we developed method for daily QA of MLC using electronic portal images (EPIs). EPID availability for routine QA was verified by comparing of the portal films, which were simultaneously obtained when radiation was delivered and known prescription input to MLC controller. Specially designed two-test patterns of dynamic MLC were applied for image acquisition. Quantitative off-line analysis using an edge detection algorithm enhanced the verification procedure as well as on-line qualitative visual assessment. In conclusion, the availability of EPI was enough for daily QA of MLC leaf position with the accuracy of portal films.

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A Study of Collection Development Policies of the University Libraries in Korea (한국의 종합대학도서관 장서개발정책에 관한 연구)

  • 손정표
    • Journal of Korean Library and Information Science Society
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    • v.11
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    • pp.101-142
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    • 1984
  • This study is a survey of collection development policies in the 40 university libraries among 42 in Korea as of 1984. The survey used a questionnaire with 36 questions concerning the basic elements of the collection development policy. The survey results revealed many problems demanding correction. The measures to correct the problems in the university libraries are as follows. 1. It is desirable that the libraries should have a collection development policy statement written and adopted for the systematic collection building. 2. It is advisable that the libraries should include a function of the materials selection among other various functions of the Library Committee for the purpose of informing administrators of the goals of the libraries and the validity of the budgetary allocation. 3. It is desirable that each library should organize the Collection Development Committee for minimizing the possibility of personal bias on the part of the individual selectors. 4. It is advisable that the primary responsibility for materials selection should be delegated as follows: for the materials for faculty research, to the faculty members; for the other collections, to the professional staff of each department; for the final review of whether or not to purchase, to the Collection Development Committee. 5. It is desirable for the purchase priority of materials to be set up in accordance with the order of 6 levels of collection development. 6. It is advisable that the libraries should, as top priority, purchase materials in direct su n.0, pport of the undergraduate and graduate academic programs, and in subject matter areas other than languages and literature, Korean materials should have not only the higher priority than the foreign language materials, but also maintain the comprehensive collection level. 7. It is desirable that the special collections should be purchased by special funds from the authority, and the special collections librarian should have the responsibility of the materials selection under the advice of the faculty members relating to the subject area. 8. It is advisable that duplicate copies should be bought only for high use items, but for reserve books, by the program enrollment, and textbooks should not be bought in general, except as su n.0, pplemental materials for course work in which they are necessary and heavily used. 9. It is reasonable that the material budget should be distributed as follows: by the ratio for distributing funds, about 60-70% for the library and 30-40% for departments; by the type of materials, about 50% for books, 40% for periodicals and 10% for other materials, or when not bought other materials, about 50-60% for books and 40-50% for periodicals. In addition, it is desirable that undergraduate class enrollment, graduate class enrollment, undergraduate majors, graduate majors, average book cost in the discipline, number of faculty, and use rate by subject should be considered as the factors for the allocation of funds by department, and special consideration should be given to newly-founded departments so the library holdings can be adequate to su n.0, pport them.

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Determinants of Credit Default Swap Spreads: The Case of Korean Firms (한국 기업들의 신용부도스왑 스프레드에 대한 결정요인 분석)

  • Park, Yoon-S.;Kim, Han-Joon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.10
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    • pp.4359-4368
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    • 2011
  • Among several macroeconomic missteps blamed for the recent global financial crisis including the social problems of income distribution and the lack of proper financial remedies, two of them have received particular attention: the global BOP(Balance of Payment) imbalance and the misguided monetary policy. Such BOP imbalance was blamed for massive foreign exchange investment flows from Asia into the U.S., triggering the financial and real estate bubble in America. The latter refers to the excessively loose monetary policy of the U.S. Federal Reserve, which pushed financial institutions and households into reckless investment behavior in search of higher returns. Given the abuse of certain innovative financial techniques and new investment instruments that have been created in recent decades, both collateralized debt obligations (CDOs) and credit default swaps (CDS) enjoyed a symbiotic and toxic relationship prior to the financial crisis This paper is organized as follows: The first section analyzes the real causes of the recent financial crisis. The second details the role of CDOs and CDS. Then, to identify key determinants of the CDS spreads in an emerging capital market, the sample data of major Korean firms' CDS spreads are used to estimate the risk premium by utilizing the multiple regression analysis. The empirical test result indicates that Korean 3-year treasury bond rate(TYIELD), market to book value ratio(MV/BV), and assets size(INASSETS) are shown to demonstrate statistically significant influences on the changes of the CDS premium for sample firms.

A Study on Economic Analysis of Dug-well Irrigation Development in Newasa Block, Maharashtra State, India (인도(印度) NEWASA지역(地域)의 집수정(集水井) 관개개발(灌漑開發)의 경제분석(經濟分析)에 관(關)한 연구(硏究))

  • Lim, Jae Hwan;Raju, K.N.
    • Korean Journal of Agricultural Science
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    • v.12 no.1
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    • pp.139-152
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    • 1985
  • 본 NEWASA 지역의 접수관정관개 개발에 따른 정제성분석 연구는 IBRD-EDI와 INDIA RESERVE BANK의 College of Banking이 공동주최한 Trainers Trining for Rural Finance (1985. 1.19-3.1)의 일환으로 1985. 2. 14-19 까지 NEWASA BLOCK에 대한 정수정관개의 경제적 효율성을 평가하기 위하여 농가조사를 실시하였고, 그 분석결과를 정리한 것으로 농지는 넓으나 농업용수가 부족한 본 지역은 빈곤과 저생산성 농촌잠재 실업을 특징으로 하고 있다. 농촌소득의 제고와 농촌실업의 고용확대는 전 인구의 80% 이상이 농민인 본지역뿐만 아니라 선언도 경제개발의 중심과제이다. 호당 6 acres 규모의 관개가 가능한 Dug-well Irrigation Development는 연평균 강우량이 650m/m에 불과한 인도의 Plateau 지역에서는 농촌빈곤과 실업문제의 해결, 토지 이용율제고를 통한 토지생산성 향상등 농촌경제개발의 중심과제로서 인도정부가 추진하는 핵심적인 농업정책이다. 본 지역의 농가호당 평균 소유농지연적은 8.67 acres(3.5ha)로써 모두가 Rainfed farming으로 현재 본 지역의 관개율은 17.5%에 불과하다. 농작물은 Jowar라고 하는 내한성 작물이 재배되며, 관개 조건하에서는 Jowar, Wheat, Sugarcane이 재배된다. With and Without Dug-Well Irrigation 조건하에서 각 작물별 ha당 생산성을 보면 Jowar는 0.86 ton/ha에서 2.22 ton/ha으로 증산되고 Wheat는 2.96 ton/ha, Sugarcane는 98.8 ton/ha이 생산된다. 한편 Dug-well Irrigation 전후의 농가소득의 변화를 보면 시행전의 4,275Rs가 되어 4배의 농가소득이 증가된다. 이와 같은 농업소득을 획득하기 위해서는 Dug-well에 대한 Initial Investment로서 33,400Rs(2,137,600원)이 투자되어야 하는데 종류별 융자 기간을 보면 Dug-well 15년(95%융자) Pump Set 9년(95%융자), Woriking capital 1년이며 인도의 Union Bank에서 융자하고 있다. 결론적으로 이러한 Dug-well Irrigation Development에 따른 IRR는 Before Financing시에는 29%이며 After Financing 시에는 24%이고 B/C ratio는 두경우에 있어 1.89, 1.24를 각각 나타냈다. 따라서, 본 사업은 재무적인 측면 즉 농가소득증대와 농촌고용증대 및 토지이용면에서 타당성이 크며 Dug-well Irrigation은 인도의 농업성장 및 경제개발의 관건으로 생각된다. 한국의 수리개발 기술 및 농업기술(Bio-chemical, Mechanical & Hydrological Technology)이 이전된다면 보다 괄목할 만한 농업발전이 이룩될 것을 생각된다.

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Abnormal Response Analysis of a Cable-Stayed Bridge using Gradual Bilinear Method (Gradual Bilinear Method를 이용한 사장교의 케이블 손상응답 해석)

  • Kim, Byeong-Cheol;Park, Ki-Tae;Kim, Tae-Heon;Hwang, Ji-Hyun
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.18 no.6
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    • pp.60-71
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    • 2014
  • Cable-stayed bridge, which is one of the representative long-spanned bridge, needs prompt maintenances when a stay cable is damaged because it may cause structural failure of the entire bridge. Many researches are being conducted to develop abnormal behavior detection algorithms for the purpose of shortening the reaction time after the occurrence of structural damage. To improve the accuracy of the damage detection algorithm, ample observation data from various kinds of damage responses is needed. However, it is difficult to measure an abnormal response by damaging an existing bridge, numerical simulation can be an effective alternative. In most previous studies, which simulate the damage responses of a cable-stayed bridge, the damages has been considered as a load variation without regard to its stiffness variation. The analyses of using these simplification could not calculate exact responses of damaged structure, though it may reserve a sufficient accuracy for the purpose of bridge design. This study suggests Gradual Bilinear Method (GBM) which simulate the damage responses of cable-stayed bridge considering the stiffness and mass variation, and develops an analysis program. The developed program is verified from the responses of a simple model. The responses of a existing cable-stayed bridge model are analyzed with respect to the fracture delay time and damage ratio. The results of this study can be used to develop and verify the highly accurate abnormal behavior detection algorithm for safety management of architecture/large structures.

A Study on the Optimal Size of Government Subsidies to Accomplish the Target Rate for Self-development of Crude Oil (석유자주개발 목표율 달성을 위한 정부지원금의 적정 규모 연구)

  • Kim, Jin Hyung
    • Environmental and Resource Economics Review
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    • v.20 no.4
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    • pp.859-882
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    • 2011
  • Since two oil crises in the 1970s, Korea has actively engaged in overseas E&P projects to increase energy diversity as well as its self-development rate of energy resources. Korea's energy self-development rate, an index that indicates the ratio of resources acquired through overseas development compared to direct imports. Currently, Korea is conducting a total of 180 promising overseas oil development projects in 36 countries as of the end of 2010. By now, it has secured a reserve of around 1.63 billion barrels and production of around 176 thousand barrels of oil per day. The self-development rate for oil rose from 2.8% in 2006 to 7.4% in 2010. Not content with these remarkable successes, the korean government is planning to raise its self-development rate in oil to 25% by 2019, by promoting the active participation of Korean companies in overseas oil development projects. This paper is concerned with estimation of the required amount of government subsidies that includes loans and financial support through state-controlled banking institutions in order to reach the target 25% rate by 2019. The estimation results shows that government subsidies of at least 268 million dollars are needed for the current rate of 7.4% in oil. However, the amount sharply increases up to 1.25 billion dollars in 2019 when domestic oil demand rises to 1.02 billion barrels.

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Analysis on the Ore Recovery from Operating the Room & Pillar Hybrid Mining Method in the Korean Limestone Mine (국내 석회석 광산에서 주방식하이브리드 채광법의 채수율 분석)

  • Kwon, Dukjoon;Kim, Jaedong
    • Tunnel and Underground Space
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    • v.27 no.3
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    • pp.161-171
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    • 2017
  • Demand for high-grade limestone is increasing, but the production in the domestic mines has been limited due to the lack of systematic development plans and efforts to develop mining technology to improve the recovery ratio, transition to high-cost underground mining due to increasing social awareness of environmental protection, and the smallness of the domestic mining industry, etc. In this study in connection with this issue, an analysis on the recovery change by improvement of mining method was executed. 3D modeling technique was used to construct a 3D model. 3D model includes the geological structure, the limestone ore body and the underground pits and tunnels excavated at the Daepyeong District of Daesung MDI Donghae District. By using the 3D model, measured resources, reserves and ore recovery were evaluated from the results of pilot operation of the room and pillar hybrid mining method, which is a variant of room and pillar mining method. These results were compared with those obtained from the conventional mining method. The ore recovery obtained by hybrid mining method was found to be up to 71.6%, showing about 26%p. increase compared with the case of conventional mining method.