• Title/Summary/Keyword: trade-off study

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Determinants of Financing Decisions of the KOSDAQ Firms (코스닥 기업의 자본조달 결정요인)

  • Guahk, Se-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.12
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    • pp.5663-5670
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    • 2011
  • This study performed empirical analyses of the static trade-off theory and the pecking order theory which explain financing behavior of firms. The results of regression analyses using the data of 762 listed non-financing firms on the KOSDAQ market from 2000 to 2010 have shown mixed evidences supporting either the trade-off theory or the pecking order theory. Specifically, as the effective tax rate and the firm size increases, debt ratio increases, which is consistent with the trade-off theory. However as the growth opportunity and the profitability increases, debt ratio decreases, which is consistent with the pecking order theory.

Selection of Architect Engineering Concept for Barge Mounted SMR Using Systems Engineering Approach

  • Hossen, Muhammed Mufazzal;Owino, Ohaga Eric;Jung, J.C.
    • Journal of the Korean Society of Systems Engineering
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    • v.10 no.1
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    • pp.17-32
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    • 2014
  • The trade-off studies in the concept development stage to assess the relative goodness of alternative systems concepts for AE (architect engineering) design for the Barge Mounted SMR (BMSMR) is introduced. With respect to design margin, system performance, schedule and risk, the design selection is cond ucted using the following characteristics; barge mobility, system safety under the natural disaster (seismic), power output, interfacing with the other system, and the additional supporting functions as desalination. There are three findings that should be remedied; deficiencies in the assumed characteristics of the system being modeled, deficiencies in the test model, and excessively stringent system requirements. This study is performed using systems engineering approach with trade off matrix method. In order to execute this work, concept development stage is divided into three (3) phases as NA (needs analysis), CE (concept exploration), and CD (concept definition).

A Study of Trade-Off Relationship Between Income Maintenance Programs and Social Services (소득보장과 사회서비스의 교환관계(trade-off) 연구)

  • Moon, Jin Young;Kim, Yun Young
    • Korean Journal of Social Welfare
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    • v.67 no.4
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    • pp.203-226
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    • 2015
  • It is widely accepted that one of the main challenges of the 21st century welfare state is how to harmonize 'Old Welfare, Old Risks' which mostly consists of income maintenance programs with 'New Welfare, New Risks' which actively advances social services. It is in this regard that this paper attempts to define the relationship between the income maintenance programs and social services. For this purpose, it analyses social expenditure of 18 OECD countries during 1980-2006, and subsequently attests, if there is a trade-off relationship between the two, using correlation and Granger panel analysis. It duly concludes that the trade-off relationship between the two is not valid in that the two are better understood as a complementary relationship, not substitute relationship.

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A Study on a Visual Image of Products-IIConcentrated on a type in purchasing behavior of consumer (제품의 시각이미지에 관한 고찰-II-생활자의 구매행동의 유형을 중심으로-)

  • 지해천
    • Archives of design research
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    • v.2 no.1
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    • pp.107-115
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    • 1989
  • In my previous research (1986), I considered a general characteristics of a visual image of products. There were really many difficulties in designing all kinds of needs in compliance with the all of their requests in order to satisfy consumers. In addition, under the characteristics of goods, the consumers seem to choose an opti$$\mu$ com\ulcornerbinations after considering the combinations of trade-off. Therefore, this study that selected a watch as an object on this study was analyzed a Design Assessment Structure under the trade-off. As a result of this research: First, an effect of a negative superiority appeared under the trade-off condition among ifems when consumers purchased products. Second, these four items were extracted from the eight items which were suggested in this study through an analysis of factors. Third, the three courses were conformed when a consumer purchased a watch. Fourth, in the all kinds of goods, the price which was considered as an important point was not important item ina relation to a purchasing behavior. According to the concomitant effects, we figured out these four items, that is, form, thickness, readability and wearing and its have to be considered a lot when designing a watch.

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A Trade Study of the Top Attack Smart Tank Ammunition (상부공격 전차 지능탄에 대한 상쇄연구)

  • Hong, Jong Tai;Choi, Sang Kyung;Kim, Ki Pyo
    • Journal of the Korean Society of Systems Engineering
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    • v.2 no.1
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    • pp.42-47
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    • 2006
  • Advanced military nations have developed anti-tank smart munitions to maximize the effectiveness of the tank combat. In this paper we introduced new munition models (KSTAM) for arrack on the top of the tank and analyzed those operation research. To understand the adaptation to the future tank munition we have performed a trade-off study using the proposed models for smart tank munitions which have been developed or are being developed in advanced nations.

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The Approach for the Trade-off Study Between Field-effect Mobility and Current on/off Ratio in P3HT Field-effect Transistors

  • Jeong, Shin-Woo;Chang, Seong-Pil;Park, Jung-Ho;Oh, Tae-Yeon;Ju, Byeong-Kwon
    • Journal of the Korean Institute of Electrical and Electronic Material Engineers
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    • v.25 no.1
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    • pp.15-19
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    • 2012
  • Presented herein are the results of the study that was conducted on the electrical characteristics of organic field-effect transistors based on poly(3-hexylthiophene), particularly the thickness and annealing temperature of their active layer is varied. The changes in field-effect mobility and current on/off ratio were explored. It was observed that both increasing annealing temperature from $60^{\circ}C$ to $100^{\circ}C$ and various concentrations influence the trade-off relations between the mobility and current on/off ratio. The surface morphology of the 2-${\mu}m^2$ area with various thicknesses was scanned via atomic-forcemicroscopy(AFM) to verify the relationship between surface morphology, which is related to the thickness of the film, and device performance.

A Study on the Issues for Developing e-Trade Service Provider (e-무역상사의 발전과제에 관한 연구)

  • Lee, Bong-Soo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.20
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    • pp.423-440
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    • 2003
  • The trial business of e-trade service providers for supporting small enterprises to find their markets abroad is about to begin from the end of March, 2003. The department of Industrial Resources held the "Committee of e-trade service provider selection" with professors of e-trade field, and selected three companies: ECplaza, EC21 and Tpage Global. The e-trade service providers combine the various technologies of on-line trades and off-line trades to support small enterprises with lack of marketing skills by intermediation of overseas buyers and production, registration of e-catalogs and offers, administration of inquiries, trade negotiations, and contract settlement. Prospective small enterprises with exports under US$ 5 million will be selected by 2005. The selected companies will be supported fully by the government, and will be provided with the services by the e-trade service providers. e-Trade service will be the most potential and successful ones in the future, which helps traders and organizations preparing for globalization.

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Fault Tolerance Design of Uplink Command Processor (상향링크 명령 처리기의 결함 허용 설계)

  • Gu, Cheol Hoe
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.31 no.3
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    • pp.95-100
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    • 2003
  • Electronic equipment used in satellites are demanding extremely high reliability, so they should be designed to have immunity for some critical faults by using redundancy component. Generally, Communication satellites are assigned to meet the 15 years mission lifetime, of the analysis about faults must be performed to electronic equipments of satellite. This paper is a summary of the fault tolerance design research of command processor, the improvement of reliability and trade-off study of fault tolerance design result. The reliability prediction value of the satellite component used in this research was taken from Koreasat 3 and Kompsat 1. It is important to perform many trade-off studies for fault tolerance design, especially to choose the most proper fault tolerance method for the specified fault scenario.

A Study on the Limit of Dynamic Rrange Improvement of Complementary Con-elation OTDR Caused by the Increased Measurement Cycle at Long Code Length (Complementary Correlation OTDR에서의 긴 코드 길이에 따른 측정시간 증가에 의한 Dynamic Range 증가 제한에 대한 연구)

  • 김동선;박재홍
    • Journal of the Institute of Electronics Engineers of Korea SD
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    • v.40 no.11
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    • pp.19-28
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    • 2003
  • The limitation on the dynamic range improvement of the complementary correlation optical time domain reflectometer(CCOTDR) is presented. In CCOTDR, the improvement of dynamic range is function of both the averaging number of measurement cycles and the length of codes. The trade off between the averaging number and the code length restricts the improvement of the dynamic range and a very long code is not effective to improve the dynamic range. In this paper, the improvement limitation on dynamic range caused by the trade off between the averaging number and the code length is presented. For derivation of the trade off, the number of one measurement cycles employing a conventional single pulse method and employing a complementary code method are presented and compared. And the effective maximum code length is presented in addition.

Trick or Treat? Equity Concerns in the Preliminary Feasibility Study of the Republic of Korea

  • LEE, JONGYEARN
    • KDI Journal of Economic Policy
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    • v.42 no.4
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    • pp.91-116
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    • 2020
  • As a project appraisal tool, the preliminary feasibility study (PFS) has contributed to enhancing the efficiency of public investment decision-making in the Republic of Korea over the last two decades. To overcome the limitations of the efficiency-oriented cost-benefit analysis, the PFS accommodates equity concerns among regions, namely balanced regional development (BRD) analysis. This study attempts to gauge the contributions of BRD analysis to PFS results. Specifically, it addresses how effectively policy efforts to promote decision-making have been implemented in the PFS stage while also considering the balance between equity and efficiency in terms of the trade-off between them, the degree to which they influence the results, and whether the consideration of equity is in fact actually reflected in seriously underdeveloped regions as intended. The study finds that the PFS results over the last two decades have been largely in line with the background and policy objectives. Based on the findings of the study, needs for institutional improvement are suggested, including enhancements in the analysis of regional economic ripple effects and taking into account the psychological factors pertaining to the evaluators in the overall judgment.