• Culinary science and hospitality research
• /
• v.24 no.1
• /
• pp.130-139
• /
• 2018

The purpose of this study was to grasp the profitability of coffee franchise companies using ROIC tree, ROA and ROE. As a result, ROA was using assets efficiently, and some companies are in desperate need to improve their management based on past brand recognition, and a new paradigm management strategy is urgently required. In particular, the franchise company's current cost burden is greater than comparable firms. In ROE, the capital was operating efficiently. Since ROIC is very difficult to classify business related and operating related amounts accurately based on financial statement information, there is a limit to accurate ROIC calculation. Therefore, ROIC is estimated to be 7.6~38.29% as of 2016 based on ROIC calculation. In the case of continuous growth companies, investments are made to improve steady sales, but some companies seem to be unable to escape from past paradigm. In order to continue the growth of the company beyond the accounting profit in the future, the ROIC Tree can be used to measure the subdivided management performance and propose efficiency plan.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.7
• /
• pp.95-104
• /
• 2020

This study examines the effect of fintech on retail banks stock return listed in Indonesia Stock Exchange for the period of 2016-2018 as today's new technology lead to the emergence of fintech companies playing the same role as retail banks in the financial industry. This study is conducted quantitatively using monthly data from January 2016 to October 2018 and uses fintech as independent variable, proxied by fintech funding frequency and fintech funding value. Data transformation is conducted due to data volatility. The data of fintech funding, both frequency and value, is transformed into standardized fintech funding and growth of fintech funding. The data is obtained from Crunchbase, while the data of stock returns is obtained from Investing. This study further analyzes the data using Fama French Three-Factor Model and panel data regression. We found that fintech has no significant effect on retail banks' stock returns listed in Indonesia Stock Exchange for the period of 2016-2018. The findings of the study provide some useful insights in understanding fintech companies' current position to retail banks in Indonesia. This study also suggests banking institutions, fintech companies, policy-makers, and others to take advantageous steps in building inclusive financial sectors.

• Proceedings of the Korean Society of Agricultural Engineers Conference
• /
• 2005.10a
• /
• pp.156-163
• /
• 2005

This study was attempted to provide some fundamental data for safety structrural design of biological production facility. Wind load and snow load, acting on agricultural structures is working more sensitive than any other load. Therefore, wind speed and snow depth according to return periods for design load estimation were calculated by frequency analysis using the weather data(maximum instantaneous wind speed, maximum wind speed, maximum depth of snow cover and fall) of 68 regions in Korea. Equations for estimating maximum instantaneous wind speed with maximum wind speed were developed for all, inland and seaside regions. The results were about the same as the current eqution in general. Design wind speed and snow depth according to return periods were calculated and Local design wind load and snow load depending on return periods were presented together with iso-wind speed and iso-snow depth maps. The calculated design snow depth by maximum depth of snow cover were higher than design snow depth by maximum depth of snow fall. Considering wind speed and snow depth, protected cultivation is very difficult in Ullungdo, Gangwon seaside and contiguity inland regions, and strong structural design is needed in the west-south seaside against wind speed, and structure design of biological production facility in these regions need special consideration.

• The Journal of Fisheries Business Administration
• /
• v.44 no.2
• /
• pp.1-17
• /
• 2013

We investigate the appropriateness of the fixed 12% discount rate to be used in estimating the amount of compensation for revoking a license for fishery business by the Enforcement Decree of Fisheries Act in Korea. We also suggest the appropriate discount rate fully reflecting the change of market interest rate in the Korean financial market. The capital asset pricing model, or, CAPM is the best known model of risk and return, and is widely used to estimate the expected rate of return for the risky projects. Even though the CAPM implies that the discount rate or the expected rate of return should change as the related market factors do, the discount rate used to estimate compensation for revoking a license for fishery business remains to be the same 12% rate for the last 15 years by law. During this period, however, the yield to maturity for the 5-year government bonds in Korea has dramatically changed from about 12% to less than 3%. In order to provide the fair compensation for the damages against the coastal fisheries and evaluate the intrinsic value of fishery resources in the coastal areas, we suggest that the appropriate discount rate should be determined by the yield to maturity of the government bonds with 5-year maturity, instead of the current fixed 12% interest rate.

• Journal of Environmental Science International
• /
• v.28 no.2
• /
• pp.191-201
• /
• 2019

This study suggested a vegetation restoration plan for a coastal area where the ecosystem conservation fund return project, targeting the whole area of Dalmaji-gil, located in Haeundae, Busan. After distinguishing if it would be a proper site for the operation of the ecosystem conservation fund return project by analyzing the ecological environment, human environment, and the current status of land owners, the target species for vegetation restoration was determined, and the facilities and programs were selected in accordance with the spatial division of the biosphere reserve. The basic direction is as follows. First, is the expansion of green space and the securement of life habitats downtown. Second, is the conservation of core areas by separating the conserved area from the space for use. Third, is the establishment of ecological resting space and the reinforcement of an ecological educational programs. The significance of this study is to suggest a vegetation restoration plan of a coastal area, fully utilizing the existing vegetation of the subject area, by suggesting the land use and flow planning, environmental improvement (vegetation restoration) plan, life habitats establishment plan, planting plan, and hydrologic plan, facilities, maintenance, and monitoring plan based on the basic direction. This study would provide useful basic data for ecosystem conservation and restoration in the Korean Peninsula, surrounded by the ocean on three sides.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.6
• /
• pp.297-302
• /
• 2022

The current study examines the relationship between inventory management efficiency and financial performance in Saudi Arabian companies. The study collected data from the companies listed on Tadawul (a Saudi Arabian stock exchange) during the period starting from 2016 and ending in 2020. The study uses pooled regression model by incorporating Return on Assets (ROA) and Inventory Turnover Ratio (ITR) as a performance measurement variable and inventory conversion period as an inventory management variable to report the results. The results show a positive and significant association between inventory management and firms' financial growth measured in terms of Return on Assets (ROA). Further, the study reports a positive and significant association between the inventory conversion period and inventory turnover (ITR). This shows that managing inventory efficiently shall positively impact the firm's performance. The other variables, such as debt ratio and gross profit, are positively related to ROA and negatively correlated with ITR. The firm growth is positively associated with both the dependent variables. The results suggest that the management of inventory in Saudi Arabian firms is efficient. Further, the firm size is positively associated with ROA and ITR. This shows a nexus between inventory management efficiency and firms' financial growth in Saudi Arabian companies.

• The Transactions of The Korean Institute of Electrical Engineers
• /
• v.60 no.3
• /
• pp.680-685
• /
• 2011

Nowadays, in metropolitan railroad, DC feeding system is being generally applied. In order to reduce damages of electro-chemical corrosion caused by stray current and leakage current, in DC feeding system, rail is used as negative-polarity return conductor for traction load current. However, it has problem of rail potential increase and there are no adequate measures to prevent it in domestic. In this paper, we presented fundamental theory and related standards about rail potential increase. And then, we analyzed field testing data and simulated a variety of operations by using PSCAD/EMTDC as an analysis program of power system. In addition, voltage control device is suggested to prevent accidents caused by rail potential increase.

• The Transactions of the Korean Institute of Electrical Engineers B
• /
• v.55 no.1
• /
• pp.54-60
• /
• 2006

A power limiting algorithm is proposed for stable operation of grid-connected inverter in case of grid voltage unbalance considering the operation limit of inverter. During the voltage unbalance the control performance of Inverter. is degraded and the output power contains 120Hz ripple due to the negative sequence of voltage. In this paper, conventional dual sequence current controller is implemented to solve these problems using separated control of positive and negative sequence. Especially the maximum power limit which guarantees the maximum rated current of the inverter is automatically calculated as the instant grid voltage changes. As soon as the voltage recovers the proposed algorithm can return to the normal power control mode accomplishing low voltage ride through. Proposed algorithm is verifed using PSCAD/EMTDC simulations and tested experimentally at 4.4kW wind turbine simulator set-up.

• Journal of Electrical Engineering and Technology
• /
• v.2 no.3
• /
• pp.320-328
• /
• 2007

The sheath in underground power cables serves as a layer to prevent moisture ingress into the insulation layer and provide a path for earth return current. Nowadays, owing to the maturity of manufacturing technologies, there are normally no problems for the quality of the sheath itself. However, after the cable is laid in the cable tunnel and is operating as part of the transmission network, due to network construction and some unexpected factors, some problems may be caused to the sheath. One of them is the high sheath circulating current. In a power cable system, the uniform configuration of the cables between sections is sometimes difficult to achieve because of the geometrical limitation. This will cause the increase of sheath circulating current, which results in the increase of sheath loss and the decrease of permissible current. This paper will study the various characteristics and effects of sheath circulating current, and then will prove why the sheath current rises on the underground power cable system. A newly designed device known as the Power Cable Current Analyser, as well as ATP simulation and calculation equation are used for this analysis.

• Coupled systems mechanics
• /
• v.2 no.1
• /
• pp.111-126
• /
• 2013

The structural design requirements of an offshore platform subjected to wave induced forces and moments in the jacket can play a major role in the design of the offshore structures. For an economic and reliable design; good estimation of wave loadings are essential. A nonlinear response analysis of a fixed offshore platform under structural and wave loading is presented, the structure is discretized using the finite element method, wave plus current kinematics (velocity and acceleration fields) are generated using 5th order Stokes wave theory, the wave force acting on the member is calculated using Morison's equation. Hydrodynamic loading on horizontal and vertical tubular members and the dynamic response of fixed offshore structure together with the distribution of displacement, axial force and bending moment along the leg are investigated for regular and extreme conditions, where the structure should keep production capability in conditions of the 1-yr return period wave and must be able to survive the 100-yr return period storm conditions. The result of the study shows that the nonlinear response investigation is quite crucial for safe design and operation of offshore platform.