• Title/Summary/Keyword: term structure

Search Result 1,989, Processing Time 0.03 seconds

The Effect of Capital Structure on Financial Performance of Vietnamese Listing Pharmaceutical Enterprises

  • DINH, Hung The;PHAM, Cuong Duc
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.9
    • /
    • pp.329-340
    • /
    • 2020
  • This study investigates the effect of capital structure on the financial performance of pharmaceutical enterprises which are listing on Vietnam's stock market. The study builds the regression using ROE as dependent variable and four independent variables, including self-financing, financial leverage, long-term asset and debt to assets ratios. In addition, we use other variables as controlling ones, such as firm size, fixed asset rate and growth. We collect data for the period from 2015 to 2019 of all 30 pharmaceutical enterprises which are currently listing on Vietnam's stock market. The least square regression (OLS) is used to test the effect of capital structure to the firms' financial performance. The analysis results show that the financial leverage ratio (LR), long-term asset ratio (LAR) and debt-to-assets ratio (DR) have positive relationship with firm performance, meanwhile the self-financing (E/C) affects negatively to the return on equity (ROE). Upon the findings we suggest that the Vietnamese government should focus on stabilizing macro environment to create favorable environment for enterprises. And the pharmaceutical enterprises should build more reasonable capital structure with higher debt proportion than equity, diversifying loan mobilization channels such as issuing long-term bonds. Additionally, the firms should expand the scale appropriately to maintain development and ability to pay debts.

A Study on Substitution of Steel structure for Casting Frame (주조 프레임을 강 구조물로의 대체에 관한 연구)

  • 홍민성
    • Journal of the Korean Society of Manufacturing Technology Engineers
    • /
    • v.8 no.1
    • /
    • pp.142-149
    • /
    • 1999
  • A machine frame has been manufactured by casting. However, due to the development of the industrial society, 3-D duties was refused. Especially, the declination of the casting industry makes it difficult to produce the frame. Many companies still manufacture the small casting products. The large casting products are extremely limited and manufactured for their own use. Therefore, it is difficult to keep the term of order. In this study, the characteristics of steel structure which is produced by welding were identified in the view of mechanical strength of steel structure which is produced by welding were identified in the view of mechanical strength to substitute steel structure for casting frame. But welding structure has the residual stress, HAZ and welding deformation. Residual stress and HAZ especially cause crack growth. The proposed steel structure, based on the simulation and experiment(tensile curve and S-N curve), can reduce not only the producting term but also the weight of the frame.

  • PDF

Effect of CAPPI Structure on the Perfomance of Radar Quantitative Precipitation Estimation using Long Short-Term Memory Networks

  • Dinh, Thi-Linh;Bae, Deg-Hyo
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2021.06a
    • /
    • pp.133-133
    • /
    • 2021
  • The performance of radar Quantitative Precipitation Estimation (QPE) using Long Short-Term Memory (LSTM) networks in hydrological applications depends on either the quality of data or the three-dimensional CAPPI structure from the weather radar. While radar data quality is controlled and enhanced by the more and more modern radar systems, the effect of CAPPI structure still has not yet fully investigated. In this study, three typical and important types of CAPPI structure including inverse-pyramid, cubic of grids 3x3, cubic of grids 4x4 are investigated to evaluate the effect of CAPPI structures on the performance of radar QPE using LSTM networks. The investigation results figure out that the cubic of grids 4x4 of CAPPI structure shows the best performance in rainfall estimation using the LSTM networks approach. This study give us the precious experiences in radar QPE works applying LSTM networks approach in particular and deep-learning approach in general.

  • PDF

The LDA+U Effect on the Electronic Structure and Magnetism of Bulk, Monolayer, and Linear Chain of Iron (덩어리, 단층 및 사슬 구조 철의 전자구조와 자성에 대한 LDA+U 효과)

  • Landge, Kalpana K.;Bialek, Beata;Lee, Jae-Il
    • Journal of the Korean Magnetics Society
    • /
    • v.19 no.3
    • /
    • pp.81-84
    • /
    • 2009
  • We examine the effect of U term (U = 3 eV) describing the Coulomb interactions between electrons on the results of electronic band structure calculations carried out for bcc Fe bulk, monolayer, and chain. We investigated the properties of the three Fe structures by using the all-electron total-energy full-potential linearized augmented plane wave method. The U term was included in the exchange - correlation functionals constructed on the basis of local density approximation (LDA) and general gradient approximation (GGA). We found that in the case of bcc Fe bulk structure inclusion of the U term leads to the overestimated values of magnetic moment on Fe atom. The values of magnetic moment calculated for Fe in monolayer and chain are in accordance with calculations in which the U term was not included. In general, for each system the calculated values of magnetic moment on Fe sites were larger when the U term was incorporated in the energy functional. In Fe bulk, the value of magnetic moment $2.54{\mu}_B$ for LDA+U larger than $2.25{\mu}_B$ for LDA.

Designing Hierarchical User Interface Model for Browsing the Knowledge Structure of a Single Document Using MDS (MDS를 이용한 개별문서의 계층적 지식구조 브라우징 인터페이스 설계)

  • Han, Seung-Hee;Lee, Jae-Yun
    • Journal of Information Management
    • /
    • v.35 no.3
    • /
    • pp.125-138
    • /
    • 2004
  • The purpose of this study is to propose a hierarchical user interfaces for browsing the knowledge structure of a single document. To generate the hierarchical knowledge structure, hierarchical term clustering and cluster representative term selection were performed with a single thesis in information science field, and the result was applied to design the interfaces which browse a single document hierarchically using multidimensional scaling. The interfaces can be applied to develop the user-friendly information retrieval system.

Long-term Vegetation Change of the Complementary Village Forest after Restoration Project - Centered on the Village Complementary Forest of Wanju Dubang Village - (복원사업 후 마을비보숲의 장기 식생 변화 - 완주군 두방 마을비보숲을 사례로 -)

  • Park, Jae Chul;Du, Wen
    • Journal of Korean Society of Rural Planning
    • /
    • v.25 no.3
    • /
    • pp.129-139
    • /
    • 2019
  • The purpose of this study is to monitor the long-term vegetation change of the village complementary forest after restoration. Based on the monitoring in 2010, six years after the restoration project in 2004, the monitoring of the complementary forest in Dubang village in 2019 after 9 years was conducted. This study identifies the change of species diversity and structure, growth, vegetation coverage, structural quality etc. and succession through long-term monitoring. For this, field survey was conducted in 2003 and 2010, 2019. The results demonstrate significant increase of species diversity and multi-layer structure and progress of natural succession. Overall, Part I is considered to be a quasi-natural complementary village forest, which has a natural balance between natural vegetation that have remained in nature for a long time and anthropogenic vegetation, revealing the coexistence of nature and humanity. It means ecological structure and function have improved. Part II should be restored to the lost part and adaptive management rather than excessive management should be carried out to leave natural succession.

Short-term Changes of Community Structure of Phytoplankton in Summer Around Namhae Island of Korea (여름철 남해도 연안 식물플랑크톤 군집 구조의 단기 변화)

  • Im, Wol Ae;Gang, Chang Geun;Kim, Suk Yang;Lee, Sam Geun;Kim, Hak Gyun;Jeong, Ik Gyo
    • ALGAE
    • /
    • v.18 no.1
    • /
    • pp.49-58
    • /
    • 2003
  • The short-term dynamics of the summer phytoplankton community structure were investigated in coastal waters around Namhae Island, the Southern Sea of Korea. The study was based on a comprehensive survey constituting 39 collections from 13 stations on July 18-22, August 1-2, 14-16 and 27-30, respectively. The community structure was analysed using cluster analysis and important environmental correlates of the assemblage structure were identified with canonical correspondence analysis (CCA). Water temperature, salinity, NO₂, NO₃, NH₄, PO₄, chlorophyll a and transparency were measured as physico-chemical environmental factors which may be associated with the phytoplankton community structure. Variations of salinity and concentrations of NO₃ and chlorophyll a were not significant. In addition to warmer water temperature, concentrations of NO₂, NO₄and PO₄ decreased at the beginning of August. And transparency was deeper and water column became very unstable after the middle of August. A wide taxonomic diversity was encountered during the survey, including a total of 121 taxa which was composed of 72 diatoms, 48 dinoflagellates and 1 euglenoid species. Cluster analysis showed that the Phytoplankton community could be divided into 4 distinct groups, indicating rapid changes of the community in the short course of this survey. These phytoplankton groups also showed distinctive dispersion patterns in 2-dimensional canonical space, indicating distinct groupings for stations at each survey. Dominant taxa of diatoms (Chaetoceros curvisetus, Chaetoceros spp., Leptocylindrus danicus, Leptocylindrus mediteraneus, Skeletonema costanum, and Pseudo-nitzschia pungen) clustered in region of CCA space corresponding to stations surveyed at the middle of July. Dominant taxa of dinoflagellates were tightly associated with stations surveyed at the middle (Karenia breve) and end (Cochlodinium polykrikoides and Polykrikos schwartzii) of August. The CCA also showed that the phytoplankton community compositions were highly associated with water temperature, transparency, NO₂, NH₄ and PO₄, suggesting that gradients in physical and nutrient conditions affect short-term changes in phytoplankton composition.

A Study on the Interaction Structure of Smart Farm in Controlled Horticulture: Focusing on Plant Production Stage (시설원예 스마트팜의 인터랙션 구조 연구: 식물 생산 단계 중심으로)

  • Lee, Yong-Jin;Pan, Young-Hwan
    • Journal of the Korea Convergence Society
    • /
    • v.12 no.6
    • /
    • pp.1-8
    • /
    • 2021
  • The purpose of this study is to study the interaction structure of a smart farm for controlled environment horticulture. As a research method, interaction factors were analyzed by defining the growth stages of humans, plants, and plants, which are the subjects of interaction during the production, distribution, sales and consumption stages of smart farms. Additionally, on-site survey was used to differentiate between one-time, short-term, and long-term, depending on the behavior and operation of the interacting entity and time. As a result, the research came up to a finding that 1) Human and Plant are based on interactions of 'one-time, short-term' 2) Plant and Smart Farm as 'short-term' 3) Smart Farm and Human as 'short-term and long-term'. For this reason, this study is meaningful in deriving the relationship between the subjects and the interaction elements in the production stage of the smart farm and presenting a new interaction structure model by structuring them.

Hybrid Multiple Hub-and-Spoke Vehicle Routing Model for Hyundai Mobis Automotive Service Parts Transportation Planning (하이브리드 다중 Hub-and-Spoke 차량 경로 계획 모형 : 현대모비스 자동차 보수용 부품 사내 운송 계획 최적화를 중심으로)

  • Lee, Yong-Dae;Jeong, Hyun-Jong;Son, Young-Soo;Yoon, Chi-Whan
    • Korean Management Science Review
    • /
    • v.28 no.3
    • /
    • pp.1-13
    • /
    • 2011
  • Hub-and-spoke transportation network is a powerful and useful network structure that takes full advantage of economies of scale on routes between hubs. In recent studies, the network structure is extended to hybrid hub-andspoke that allows direct transportation between spokes. In this study, we considered more extended network structure which is called hybrid multiple hub-and-spoke that has multiple hubs and allows direct transportation between spokes. We developed a mathematical optimization model for automotive service parts transportation planning under hybrid multiple hub-and-spoke network structure. The model suggests a long-term transportation route planning and a short-term vehicle assignment planning. The model is verified by simulation and validated in real world application to Hyundai Mobis automotive service parts transportation planning. From the simulation result, the model reduced the transportation cost about 24.7%, the total distance about 6.8% and the CO2 emissions about 8.8%. In real world application for 6 months from July to December 2010, the model reduced the transportation cost about 9.1% by changing the long-term transportation route without daily vehicle assignment planning.

A Study on Intellectual Structure of Library and Information Science in Korea (문헌정보학의 지식 구조에 관한 연구)

  • Yoo, Yeong-Jun
    • Journal of the Korean Society for information Management
    • /
    • v.20 no.3
    • /
    • pp.277-297
    • /
    • 2003
  • This study was conducted upon the premise that index terms display the intellectual structure of a specific subject field. In this study, and attempt was made to grasp the intellectual structure of Library and Information. Science by clustering the index terms of the journals of the related academic societies at the Library of National Assembly - such as the Journal of the Korean Society for Information Management, the Journal of the Korean Library and Information Science Society, and the Journal of the Korean Society for Library and Information Science. Through the course of the study, index term clusters were generated based on the linkage of the index terms and the frequency of co-occurrence, and moreover, time periods analysis was conducted along with studies on first-appearing terms, in order to clarify the trend and development process of the Library and Information Science. This study also analysed the difference between two intellectual structure by comparing the structure generated by index term clusters with the existing structure of traditional classification systems.