• Title/Summary/Keyword: 대리변수

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Sensitivity Analysis of the Index Based on Weighting Method (가중치 부여 방식에 따른 지수변화 민감도 분석)

  • Baeck, Seung-Hyub;Lee, Dong-Ryul;Choi, Si-Jung;Hong, Seung-Jin
    • Proceedings of the Korea Water Resources Association Conference
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    • 2011.05a
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    • pp.450-450
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    • 2011
  • 최근 유역의 급속한 도시화, 농업의 근대화, 홍수로 인한 수해 증가, 극심한 홍수, 물이용 형태의 변화, 수질 오염 등 하천관련 다양한 문제가 제기되고 있으며, 물 관련 정보화를 추진하기 위하여 유역조사를 통한 수문 및 하천 정보의 기초자료 관리 체계를 구축하고 있다. 이를 기반으로 유역에 대한 수자원 현황을 평가하고 국가수자원계획의 정책지표로서 활용할 수 있는 통합지수들을 사용하고 있다. 지표 및 지수를 통해 한 분야를 평가하기 위해서는 객관적인 관측 값 또는 기초자료들 중에서 현상을 잘 기술해줄 수 있는 대표적인 값들을 선별하여 표준화를 거치고 각각의 세부지표들을 통합하는 과정에서 가중치를 부여한다. 기존 수자원관리를 위해 개발된 지표 및 지수에 사용된 가중치 방법은 동일가중치 방법이나 전문가들의 설문조사를 통한 계층분석법(AHP) 등이 주로 활용되었다. 본 연구에서는 지표 및 지수개발에 있어 사용되는 가중치 산정방법에 대해 알아보고 각 세부지표나 대리변수 사이의 가중치 산정방법에 따른 평가결과의 변화와 결과에 미치는 영향을 분석하여 가중치 부여 방식에 따른 지수변화의 민감도 분석을 실시하였다.

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High-Efficiency Design of a Ventilation Axial-Flow Fan by Using Weighted Average Surrogate Models (가중평균대리모델을 이용한 환기용 축류송풍기의 고효율 최적설계)

  • Kim, Jae-Woo;Kim, Jin-Hyuk;Lee, Chan;Kim, Kwang-Yong
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.35 no.8
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    • pp.763-771
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    • 2011
  • An optimization procedure for the design of a ventilation axial-flow fan is presented in this paper. Flow analyses of the preliminary fan are performed by solving three-dimensional Reynolds-averaged Navier-Stokes equations via a finite-volume solver with the shear-stress transport turbulence model as a turbulence closure. Three variables, the hub-to-tip ratio and the stagger angles at the mid and tip spans, are selected for the optimization. The Latin-hypercube sampling method as a design-of-experiments technique is used to generate twenty-five design points within the design space. and the weighted average surrogate models, WTA1, WTA2, and WTA3, are applied for find optimal designs. The results show that the efficiency is considerably enhanced.

Analysis of Correlation between Construction Business and Insolvency of Construction Company (건설경기와 건설업체 부실화 간의 관계성 분석)

  • Seo, Jeong-Bum;Lee, Sang-Hyo;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.3
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    • pp.3-11
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    • 2013
  • The changes in construction business have impact on overall operation of construction companies. Poor business of construction companies following a s low industrial cycle could have broader implications and influences on the industry. Since a construction project involves various stakeholders including public organizations, financial institutions and households, a downturn in construction industry might lead to significant economic loss. In this regard, it is meaningful to examine the relationship between changes in construction business cycles and insolvency of construction companies. This study conducts an empirical analysis of the relationship between construction business cycles and how much they affect operation of construction companies. To this end, KMV model was used to estimate probability of bankruptcy, which represents business condition of a construction company. To examine construction business cycles, investment amount for different construction types-residential, non-residential, and construction work-was used as a variable. Based on the investment amount, VECM was applied and the analysis results suggested that construction companies should put priority on diversifying project portfolio. In addition, it was shown that once a construction company becomes unstable in business operation, it is hard to recover even when the market condition turns for the better. This suggests that, to improve business operation of a construction company, internal capacity-building is as important as the market condition and other external circumstances.

Fundamental Variables, Macroeconomic Factors, Risk Characteristics and Equity Returns (기본적변수, 거시 경제요인, 기업특성적 위험과 주식수익률)

  • Kim, Sung-Pyo;Yun, Young-Sup
    • The Korean Journal of Financial Management
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    • v.16 no.2
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    • pp.179-213
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    • 1999
  • 본 연구에서는 국내 주식시장에서 주식수익률의 횡단면 차이에 유의적인 설명력을 가지는 것으로 나타난 기본적 변수가 시장지수 베타에서는 측정되지 않은 또 다른 가격화된 위험에 대해 유용한 대용변수인지를 규명하였다. 기본적 변수들 중에서 기업규모와 장부/시장가치 비율은 주식수익률의 횡단면 차이를 설명함에 있어 독립적인 효과를 갖는 가장 유의적인 변수였다. 주식수익률의 횡단면 차이에 매우 유의적인 설명력을 가지는 깃으로 나타난 거시경제요인의 요인민감도는 기업규모, 장부/시장가치 비율을 포함시 더 이상 유의적인 설명력을 가지지 못하였다. 소규모, 높은 장부/시장가치 기업은 매우 지속적인 수익성 악화를 겪고 있는 곤경기업이며, 역시 배당감소위험, 레버리지위험 및 미래 현금흐름의 불확실성으로 측정된 기업특성적 위험이 보다 큰 곤경기업이었다. 따라서 이러한 실증결과는 소규모, 높은 장부/시장가치 주식이 대규모, 낮은 장부/시장가치 주식에 비해 높은 수익률을 보이는 원인이 보다 높은 위험에 따른 보상의 결과이며, 규모변수와 장부/시장 가치 비율은 이들 위험에 대한 유용한 대용치라는 '위험에 기초한 가설'을 지지하는 증거로 주장될 수 있다. 기업규모와 장부/시장가치 비율이 시장베타로는 측정되지 않는 주식가격결정에 있어 가격화 된 또 다른 위험을 대리한다면 수익률에 나타난 SIZE, B/M효과는 합리적 가격결정하 APT나 ICAPM과 같은 확장된 CAPM과 모순되지 않는 하나의 증거로 볼 수 있으며, 비록 이들 변수들이 관찰 불가능한 진정한 시장베타에 대한 보다 나은 대용치라고 할지라도 이들 두 변수와 관련된 요인을 포함한 다요인 가격결정모델이 시장지수만을 포함한 단일요인모델에 비해 보다 유용한 모형임을 기대할 수 있다.

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Parenting Stress, Parenting Guilt Feelings, Separation Anxiety and Alternative Care in Hospital-Nurses (종합병원 간호사의 양육스트레스, 양육죄책감, 격리 불안 및 대리양육)

  • Park, Yun-Kyung;Yi, Juyoun;Lim, Sora;Jang, Heeran;Kang, Hyo-Jeong;Kim, Ji-Soo
    • The Journal of the Korea Contents Association
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    • v.14 no.7
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    • pp.302-311
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    • 2014
  • The purpose of this study was to investigate on parenting stress, parenting guilt feelings and separation anxiety and alternative care in nurses. Data were collected from nurses with preschooler at 2 hospitals from August 2013 to January 2014. Self reported questionnaires were used to collect data from 163 nurses. There were significant differences according to the age, satisfaction of work place and co-worker, spouse support of parenting in parenting stress, parenting guilt feelings and separation anxiety in common. The majority type of alternative care was surrogate foster home when they went to work. However, there were significant differences according to type of alternative care in parenting stress, parenting guilt feelings and separation anxiety. Particularly, those who use child day-care center and surrogate foster home showed more parenting guilt feelings and separation anxiety in Scheffe post-hoc comparison. As a result, it is needed to be improvement of working conditions and policy for nurses' parenting support to continue work.

The Effects of Overseas Output Ratio on Discretionary Accruals and Firm Value (국제다각화가 회계선택 및 기업가치에 미치는 영향)

  • Kim, Chang-Kun;Park, Sang-Bong
    • Management & Information Systems Review
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    • v.36 no.1
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    • pp.291-307
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    • 2017
  • This study analyzes the effects of global diversification level on discretion accruals and firm value. In order to verify the hypothesis of this study, the sample of securities companies was selected from 2012 to 2015, and the final sample is 2,139 firm-year. The results of this paper are as follows : First, discretionary accruals increased as the diversification level increased. We conducted an additional analysis as to whether the increase in information asymmetry due to international diversification affects discretionary accruals. As a result, the increase of information asymmetry due to international diversification increased discretionary accruals. This analysis is consistent with EI Mehdi and Seboui(2001)'s study. Second, we analyze the impact of international diversification on corporate value. In previous studies, there was no consistent conclusion about the relationship between international diversification and firm value(Christophe and Pfeiffer, 2002; Denis and Vost, 2002; Bodnar and Wenintrop, 1997; Bodnar et al., 2003). Therefore, this study hypothesizes that the increase in discretionary accruals, which have been driven by international diversification, will have an impact on firm value. Aa a result of the analysis, we found that the increase in discretionary accruals due to diversification declines the firm value. This means that the increase in discretionary accruals due to diversification is utilized as and opportunistic means by taking individual gain of managers.

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Effects of Korea's R&D Activities on Expansion of Contingent Job (우리나라의 연구개발활동이 비정규직 확산에 미치는 영향)

  • Loh, Jeunghwee
    • Journal of Science and Technology Studies
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    • v.16 no.1
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    • pp.29-61
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    • 2016
  • This paper explains the one of the most problematic factor in the society that leads to social inequality - increase in non-regular work. Theoretically, this expansion of non-regular work can be explained by technologies that are designed to save the labor force, especially since corporations in Korea have strategies to replace the regular workers with temporary workers, to save money. OECD also noted that Korea's income inequality is pretty high in ranking when compared with the rest of the OECD members, and says that globalization and technological innovation are the factors of this problem. To refine the argument, this study also looks at relationship between development made in sciences - which can be stated as a proxy variable to look at the advances made in technology - and expansion of temporary work force by using VAR methodology. Based on the results of this analysis in the future temporary/regular workers ratio started with decline, then turn to rise. These temporary/regular workers ratio sustained growth prediction shows that the expansion of the temporary expansion contributes to instability and social inequality in the labor market and technological change are interrelated.

Development of the Housing Business Model to Minimize the Fluctuation Risk of the Housing Market (주택시장 변동리스크를 최소화하기 위한 주택사업모델 개발)

  • Lee, Younghoon;Lee, Sanghyo;Kim, Jaejun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.10
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    • pp.635-646
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    • 2016
  • This paper proposes a housing business model, where the presale and Chonsei housing are supplied under a presale system at the same time based on the characteristic correlation between the housing presale market and Chonsei market in Korea. Markowitz portfolio theory was used to review the risk diversification effects from the changes in the ratio between the presale housing supply and the Chonsei housing supply. The housing sale price indicator was used as a proxy variable to determine the presale housing supply. The housing Chonsei price indicator was used as a proxy variable to determine the Chonsei housing supply. The proposed housing business model was applied to major areas in Korea to examine the risk diversification effect. Comparisons of the regional portfolio analyses showed that the flexibility of the proposed housing business model can be quite effective because each regional housing market exhibits different characteristics. Market participants, such as developers, construction companies, consumers, and government, can expect various effects through the proposed housing business model. Nevertheless, policy support is necessary for practical applications of the proposed housing business model. In particular, public funds from the government need to be introduced.

The Influence of College Students' Self-Efficacy and Outcome Expectations on Career Exploration (대학생의 자기효능감과 결과기대가 진로 탐색에 미치는 영향)

  • Kim, Young-ran;Lee, Sang-jik
    • Journal of Venture Innovation
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    • v.6 no.2
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    • pp.159-172
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    • 2023
  • This study aimed to empirically analyze the factors influencing the career search intention of college students. The research model was derived based on the Social Cognitive Career Theory (SCCT), considering the unique characteristics of university students. Self-efficacy and outcome expectations were investigated as independent variables, while mastery experience, verbal persuasion, vicarious learning, and positive emotions were considered as antecedent variables. A survey was conducted among college students in the metropolitan area, resulting in 217 valid responses for analysis. Empirical analysis was conducted using structural equation modeling with AMOS 24. The findings revealed that mastery experience, vicarious learning, and positive emotions had a significant positive effect on self-efficacy. Furthermore, verbal persuasion and positive emotions significantly influenced outcome expectations. However, the impact of verbal persuasion on self-efficacy was not found to be significant, and the relationship between mastery experience, vicarious learning, and outcome expectations was not examined. Both self-efficacy and outcome expectations were found to have a significant positive effect on career search intention, with outcome expectations exhibiting a stronger influence. The empirical results contribute to the understanding of college students' career exploration and provide implications for academic and practical contexts.

Impact of Fluctuations in Construction Business on Insolvency of Construction Company by Size (건설경기 변동이 규모별 건설기업 부실화에 미치는 영향 분석)

  • Lee, Sanghyo
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.8
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    • pp.147-156
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    • 2016
  • This study analyzed the impact of changes in the construction business on construction company insolvency according to their size using the vector error correction model. First, this study applied EDF (Expected Default Frequency), which was calculated by KMV (Kealhofer, McQuown and Vasicek) model, as a variable to indicate the insolvency of construction companies. This study set 30 construction companies listed to KOSPI/KOSDAQ for estimating the EDF by size and construction companies were divided into two groups according to their size. To examine the construction business cycles, the amount of construction orders according to the type-residential, non-residential, and civil work- was used as a variable. The serial data was retrieved from TS2000 established by the Korea Listed Companies Association (KLCA), Statistics Korea. The analysis period was between the second quarter of 2001 and fourth quarter of 2015. As a result of calculating the EDF of construction companies by size, as it is generally known, the large-sized construction companies showed lower levels of insolvency than relatively smaller-sized construction companies. On the other hand, impulse response analysis based on VECM confirmed that the level of insolvency of large-scaled companies is more sensitive to business fluctuations than relatively smaller-sized construction companies, particularly changes in the residential construction market. Hence it is a major factor affecting the changes in insolvency of large-sized construction companies.