• Title/Summary/Keyword: valuation model

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Efficiency Analysis of the Securities Firms using a Combined BSC and DEA Model (BSC와 DEA 결합모델을 이용한 증권사 효율성 분석)

  • Kim, Youngjin;Jung, Goosang;Hwang, Jae-Joon;Lee, Hyun-Soo;Kim, Sun Ah;Kim, Tae-Sung
    • Journal of Digital Convergence
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    • v.11 no.5
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    • pp.159-168
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    • 2013
  • This study analyze the business efficiency of securities company based on the 2011 performance of 29 securities firms which engage in domestic investment brokerage by applying a combination model of BSC and DEA. And we evaluate business state focused on efficiency which is based on logical system of BSC as business innovation method. The analysis of result is that companies with high customer efficiency index appeared that business efficiency composite index tended to be higher and we identified that customer perspective have an important factor to calculate business efficiency composite index of korea security company. In addition, based on the results of the efficiency analysis we analyze correlation analysis between traditional financial ratio and business efficiency composite index. We confirmed that company of high business efficiency level in terms of BSC have a good record in terms of profitability. BSC-DEA combination model expect to be utilized in security industry sector as well as other industrial sectors as good business indicator to determine the business efficiency and to be used a model can be evaluated the integrated firm valuation of tangible and intangible assets.

Application of InVEST Offshore Wind Model for Evaluation of Offshore Wind Energy Resources in Jeju Island (제주도 해상풍력 에너지 자원평가를 위한 InVEST Offshore Wind 모형 적용)

  • KIM, Tae-Yun;JANG, Seon-Ju;KIM, Choong-Ki
    • Journal of the Korean Association of Geographic Information Studies
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    • v.20 no.2
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    • pp.47-59
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    • 2017
  • This study aims to assess offshore wind energy resources around Jeju Island using the InVEST Offshore Wind model. First the wind power density around the coast of Jeju was calculated using reanalysis data from the Korean Local Analysis and Prediction System (KLAPS). Next, the net present value (NPV) for the 168MW offshore wind farm scenario was evaluated taking into consideration factors like costs (turbine development, submarine cable installation, maintenance), turbine operation efficiency, and a 20year operation period. It was determined that there are high wind resources along both the western and eastern coasts of Jeju Island, with high wind power densities of $400W/m^2$ calculated. To visually evaluate the NPV around Jeju Island, a classification of five grades was employed, and results showed that the western sea area has a high NPV, with wind power resources over $400W/m^2$. The InVEST Offshore Wind model can quickly provide optimal spatial information for various wind farm scenarios. The InVEST model can be used in combination with results of marine ecosystem service evaluation to design an efficient marine spatial plan around Jeju Island.

Revisiting Archical Appraisal Theories for their Application to Community Archives (공동체 아카이브를 위한 기록평가론의 재조명)

  • Seol, Moon-Won;Kim, Young
    • The Korean Journal of Archival Studies
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    • no.48
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    • pp.210-252
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    • 2016
  • Community creates, receives and preserves the records, which made the community members and the entire society remember their history. As for community archives, archival appraisal is very political activity because appraisal of community records means whose memory remain alive in history. This study aims to analyze archival appraisal theories from the perspective of community and community archives, and suggest appraisal model for community archives. This study begins with examining the meaning of community archives and appraisal related issues including; i) community identity and independence of archives, ii) struggle of memory and multiple narratives, iii) uniqueness of each community and its archives, and iv) community archives as memory process and social inclusion. At the next stage, it deals with the archival theories from Schellenberg's archival values theory to macro-appraisal, to investigate possible application of theories for community records appraisal. It finds that the societal approach of macro-appraisal have advantage to appraise the community records. This study finally suggests the appraisal model for community archives by modifying the macro-appraisal components as well as by complying the principles of community archives. The model consists of the purpose and object of appraisal, principle and basis of valuation, and cooperation model between mainstream repository and community.

A Comparative Study of the Efficiency among Korea, Chinese, and Japanese Ports (한·중·일 항만효율성 비교연구)

  • KOO, Jong-soon;LEE, Jung-sun;JEON, Dong-hwa
    • The Journal of shipping and logistics
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    • v.27 no.3
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    • pp.457-474
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    • 2011
  • The aim of this study is to analyze the efficiency of major ports in Northeast Asia such as Korea, China and Japan. For the empirical analysis, we tried to apply the data envelopment analysis (DEA), which is an efficiency evaluation model based on mathematical programming theory, and we also established a model to Northeast Asian ports. In our opinion, DEA analysis which involves multiple inputs as well as multiple outputs in its efficiency valuation makes analysis more suitable for port efficiency measurement because ports produce a number of different outputs. In this paper, we attempted to analyze the relative efficiency of 27 ports (5 Korean ports, 13 Chinese ports, 9 Japanese ports) through DEA-CCR, DEA-BCC models. According to the result, Chinese ports are relatively efficient than Korean and Japanese ports. The result of the analysis shows that 7 Chinese ports are efficient in DEA-CCR model in 2009, but in DEA-BCC model 8 Chinese ports and 1 Koran port are efficient. Most of inefficient ports have a value closed to 1 in efficiency for scale, it means that the reason of inefficiency is caused from the technical aspect. Furthermore, we also verified that there exists excess of input in Korean and Japanese ports than Chinese ports.

A Study on Value Evaluation of Mobile Traffic Information Provis Improvement - Based on Contingent Valuation Method - (조건부가치측정에 의한 Mobile 교통정보 제공 형태 가치에 관한 연구)

  • Kum, Ki-Jung;Min, Kyoung-Tae;Kim, Won-Tae;Wang, Yi-Wan;Yu, Jai-Sang
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.5 no.2 s.10
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    • pp.29-43
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    • 2006
  • Highway ARS service made several times handling of cellular phone for accept the one information. But, use the cellular phone while driving is against the law that 'Road Traffic Act' and wield influence on safety by degrade driver's attention that causes reduced section of concentration. On this study, propose a new type service that more useful and safer witch improved of existing ARS service to it served for cellular phone. For the analyze problem in existing ARS service, collect and analysis that ARS using status data and highway overall speed data, and then offer a better service type which based on improvements to that. Also, make a comparative analysis including measure of degree about easy to use and safety between two services by using the Stated Preference method, as a result of verifies the effect of new type service Finally, for measure of the effect the value of improved ARS service type that used willingness to pay in CVM method.

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Nodal Analysis of Optimum Operating Condition on Gathering System Considering Coalbed Methane Production Characteristics (석탄층 메탄가스 생산 특성을 고려한 포집시스템 최적 운영조건 노달분석)

  • Jung, Woodong;Cho, Wonjun;Lee, Jeseol;Yu, Hyejin;Seomoon, Hyeok
    • Journal of the Korean Institute of Gas
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    • v.22 no.3
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    • pp.65-73
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    • 2018
  • Coalbed methane has a nonlinear desorption curve depending on the pressure, so an appropriate production system should be constructed considering this phenomenon. The capacity and specification of the coalbed methane gas production facility are determined by the gas flow rate and pressure in the coalbed, which is the external boundary condition of the system. Thus, it is essential to analyze these characteristics in gas production. The gas inflow equation was calculated using the reservoir flow model and utilized as the boundary condition of the whole production facility in this study. Also, to understand the effect of pressure drop on the gas flow in the production facility, the nodal analysis was performed using the flow analysis simulator of production equipment, and we determined the proper specifications and operating conditions of the production facility. This study presents a design criteria as to production and gathering system capable of effectively transporting coalbed methane.

Estimation Modelling of Energy Consumption and Anti-greening Impacts in Large-Scale Wired Access Networks (대규모 유선 액세스 네트워크 환경에서 에너지 소모량과 안티그리닝 영향도 추정 모델링 기법)

  • Suh, Yuhwa;Kim, Kiyoung
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.41 no.8
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    • pp.928-941
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    • 2016
  • Energy consumption of today's wired data networks is driven by access networks. Today, green networking has become a issue to reduce energy wastes and $CO_2$ emission by adding energy managing mechanism to wired data networks. However, energy consumption and environmental impacts of wired access networks are largely unknown. In addition, there is a lack of general and quantitative valuation basis of energy use of large-scale access networks and $CO_2$ emissions from them. This paper compared and analyzed limits of existing models estimating energy consumption of access networks and it proposed a model to estimate energy consumption of large-scale access networks by top-down approach. In addition, this work presented models that assess environmental(anti-greening) impacts of access networks using results from our models. The performance evaluation of the proposed models are achieved by comparing with previous models based on existing investigated materials and actual measured values in accordance with real cases.

Assessment Framework for Multicriteria Comparison Indicators in Various Electricity Supply Systems (다양한 전력생산 시스템에서 다중기준 비교지표의 평가 체계)

  • Kim Seong-Ho;Kim Tae-Woon
    • Journal of Energy Engineering
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    • v.15 no.1 s.45
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    • pp.74-81
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    • 2006
  • In this study, on the basis of an analytic hierarchy process (AHP) method and through a questionnaire on subjective preference and importance, various power supply systems were comprehensively compared with multiple decision criteria such as environmental, social, healthy, and economic viewpoints and then overall priority was assessed. When a decision-making problem is modelled by a hierarchy structure, the AHP method is regarded as a useful tool for extracting subjective opinions via the aforementioned questionnaire. Here, the overall preferences were obtained by linearly aggregating weighting vector and preference matrix. The energy systems such as nuclear, coal, and LNG power plants were selected because they took share over 90% of domestic electricity supply in Korea. Furthermore, wind power and photovoltaic solar systems were included as representative renewable energy systems in Korea. According to the results of this demonstration study, the following comprehensive comparison indicators were yielded: 1) weighting factors for 4 types of main criteria as well as for 11 types of sub-criteria; 2) preference valuation for 7 types of energy systems under consideration; 3) overall score for each energy systems.

A Study of Priority Setting of Healthy City Project Indicators with the use of AHP Model (계층 분석적 의사결정 방법(AHP)에 의한 건강도시 사업 평가기준의 우선순위 결정에 관한 연구)

  • Park, Myung-Bae;Nam, Eun-Woo;Lee, Hae-Jong;Shin, Taek-Su
    • Korean Journal of Health Education and Promotion
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    • v.25 no.3
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    • pp.139-151
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    • 2008
  • Objectives: Since 2000 interests in Healthy City Project has been growing fast in Korea. Amid this atmosphere, the need for establishing priorities when planning Healthy City Project and carrying forward the plan has arisen. Therefore, this study tries to conduct practical research on the manner of setting priorities of business valuation standard about Healthy City Project. Methods: The research was carried out with Healthy City experts and government official. And in this research the responses of 28 participants among 37 have been taken into consideration due to their consistent responses. Results: The results of Level 1 showed that the "social & environmental approach" accounted for more than the "individual approach". In the case of Level 2, fields resulted in order of "environment", "infrastructure", "behavior", "evaluation and reflection", "disease prevention and rehabilitation", and "setting approach". Conclusions: The findings derived from this study are first, it is feasible to suggest the ways of establishing priorities as to the evaluation standards for the Healthy City Project and second, the results present the ways to proceed in terms of what tasks should be done for the healthy City Project development.

A Study on the Characterization of Post-Modernism Interior Design inAttri Language bute (언어성에서 본 포스트모더니즘 실내디자인의 특성연구)

  • 이춘섭
    • Archives of design research
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    • no.18
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    • pp.15-23
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    • 1996
  • Interior is composed of void spaces decided by many substances and the function of the spaces which creat its valuation. Accordingly interior space makes peculiar forms by synthesizing each interior elements and its abstractness. Therefore characteristic of the expressed word and symbolic system become interior wholeness. The focus of this paper is to analyze interior words and the symbolic systems scientifically. The content is composed of 5 major parts. The 1st and 2nd chapter deal with Introduction and the Characterization of Interior Design. Linguistic symbol and metaphor which decide Post-Modern interior style were studied in the 3rd chapter. In the 4th chapter. this paper analysed linguistic character of interior words which need to express character of tradition. decoration, and publicity, expccially through code and metaphor. Finally Thematic I-louse library interior space designed by Charles Jencks was linguistically researched as a study model.

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