• KOREAN POULTRY JOURNAL
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• v.41 no.10
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• pp.104-108
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• 2009

• Journal of Korean Society of Water and Wastewater
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• v.23 no.3
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• pp.279-285
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• 2009

In this study, applied to the industrial water service, it is verified feasibility of break-even analysis method which has not been introduced in Korea. The On-san water pipeline of 7.1km among the Ul-san industrial water service is selected and the optimal replacement time calculated by break-even analysis method is year 2033 to 2044 which will be 53 to 67 years since the pipes were buried. If indirect cost such as the value of lost water and traffic disruption, service interruption, etc. is calculated as 30 and 100% of the direct cost, the financially optimum replacement time is advanced 3 to 9 years. These ways present rational criteria to establish long-term plan for budget and to execute the limited budget efficiently.

• Management & Information Systems Review
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• v.36 no.3
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• pp.203-217
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• 2017

This study aims to verify the effects of unrealized gain or loss, that is the fair value evaluation item of insurance company's assets and liabilities, to capital markets focusing on fair value evaluation of insurance company's liabilities, which is the core of IFRS 17 that will be implemented in 2021. For this purpose we carried out regression analysis to verify the effects of changed other comprehensive income(OCI) and accumulated OCI, published in quarterly financial statements of listed insurance companies, on stock price utilizing Ohlson(1995)'s extended test model. The results of the empirical analysis are as follows. First, changed OCI showed a significant negative(-) effects on stock price. Second, accumulated OCI revealed a significant positive(+) effects on stock price. Furthermore, extended test model classifying changed OCI and accumulated OCI in a basic model represented the highest $R^2$ number and public announcement policy of OCI, a kind of unrealized gain or loss item, implied that it could give positive impact on accounting information. But still the direction that unrealized gain or loss affects on firm value must be carefully reviewed and considered in the future via more detailed study by the user of information. Therefore this study is meaningful in that it can predict usefulness of information on insurance company's fair value evaluation via empirical test accompanied by introduction of newly established IFRS 17 and it also can suggest direction of information production suitable for capital market.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 1998.10a
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• pp.97-100
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• 1998

옵션의 가격을 계산하기 위한 수치해법은 크게 격자모형, 유한차분법, 그리고 몬테카를로 시뮬레이션의 세 가지로 분류된다. 유한차분법은 옵션가격함수가 만족하는 편미분 방정식의 모든 편도함수를 유한 차분식으로 근사하여 옵션을 평가하는 방법이다. 본 연구에서는 유한차분법을 이용하여 옵션을 평가 할 때 발생하는 가격계산 오차의 가장 큰 원인이 옵션 만기 손익구조(payoff)의 비선형성에 있음을 보인다. 특히, 옵션 시장에서 가장 거래가 많이 이루어지는 손익분기옵션(at the money option) 그리고 손익분기점에 가까운 옵션(around the money option)에서 가장 큰 오차가 발생함을 보인다. 또한 본 연구에서는 이러한 오차를 효율적으로 줄이기 위하여 행사가격 근처의 일부 구간에서만 구간점 사이의 간격을 변화시키는 수정된 유한차분법을 제시하고 오차의 크기와 계산의 효율성 측면에서 기존의 유한차분법과 비교·분석한다.

• Proceedings of the Korean Operations and Management Science Society Conference
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• 2002.05a
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• pp.1038-1043
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• 2002

손익분기점분석이란 기업의 이익계획이나 의사결정 방법으로 널리 이용되는 유용한 기법이다. 간단한 정보만으로 사업을 분석하고, 경영전략을 세울 수 있다는 점에서 손익분기 점분석이 매우 유용한 분석방법이기는 하지만 비현실적인 가정을 전제조건으로 하는 단점이 있다. 이런 가정은 전통적인 손익분기점 분석의 과정을 단순화하지만 경영분석기법으로 적용하는 데에 한계성을 갖게 한다. 이 논문의 목적은 손익분기점분석의 간편함을 유지하면서 장기적인 투자사업에도 적용할 수 있도록 하여 손익분기점분석의 적용성을 향상시키는데 있다. 따라서 전통적인 손익분기점분석의 비현실성을 개선하기 위해 수리적인 모형의 개발을 지양하고, 비용이나 수입에 대한 실제자료를 최대한 반영시킴으로써 분석의 정확성을 높일 것이다. 또한 기업 실무에서도 쉽게 적용할 수 있도록 스프레드시트를 활용하여 손익분기점분석의 해를 구할 것이다.

• Journal of Biosystems Engineering
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• v.16 no.4
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• pp.384-398
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• 1991

A computer program was developed to select the optimum size of farm machine and analyze its operation costs according to various farming conditions. It was written in FORTRAN 77 and BASIC languages and can be run on any personal computer having Korean Standard Complete Type and Korean Language Code. The program was developed as a user-friendly type so that users can carry out easily the costs analysis for the whole farm work or respective operation in rice production, and for plowing, rotarying and pest controlling in upland. The program can analyze simultaneously three different machines in plowing & rotarying and two machines in transplanting, pest controlling and harvesting operations. The input data are the sizes of arable lands, possible working days and number of laborers during the opimum working period, and custom rates varying depending on regions and individual farming conditions. We can find out the results such as the selected optimum combination farm machines, the overs and shorts of working days relative to the planned working period, capacities of the machines, break-even points by custom rate, fixed costs for a month, and utilization costs in a hectare.

• The Journal of the Korea institute of electronic communication sciences
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• v.13 no.3
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• pp.633-642
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• 2018

Solar power plants are rapidly spreading, and various design, development, construction and maintenance related technologies and corporations coexist. In addition to private real estate development, they are also profitable in various forms such as building facilities, land, And continues to operate. In this paper, however, we have reviewed and studied the economic feasibility of photovoltaic power generation system based on the investment of off - the - shelter and mall investment, which is a generalized form of real estate asset management.

• Journal of agriculture & life science
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• v.50 no.4
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• pp.225-234
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• 2016

This study aimed at analyzing the economic value of 'Fuyu' sweet persimmon. For the analysis, the raw data of the latest 9 years were collected from 707 farmers in major sweet persimmon area and from 47 farmers surveyed in the field. These data include receipt price per kilogram, costs, yields per tree, etc. The findings are as follows: The break-even tree age of sweet persimmon was 85 years. The trees reach the maximum harvest at age of 65. 'Fuyu' sweet persimmon's economic value was 10,488 thousand won in income approach, 9,249 thousand won in cost approach, respectively.

• Journal of the Korean Association of Geographic Information Studies
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• v.16 no.4
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• pp.91-105
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• 2013

This study performed an assessment of wave power potential in the Kangwon and Dongnam regions encompassing the East Sea and part of South Sea. Annual electricity production and economic effects of 28 wave energy converters with 750kW capacity were analyzed using significant wave height and peak wave period data(created from the NOAA's NWW3 model) and InVEST software(developed by Stanford University and University of Minnesota). Annual electricity production was estimated to be up to 1,207MWh/year and at least 163MWh/year. The spatial pattern of annual electricity production showed that the sea far from land has higher wave power potential than the sea near coast. The net present value(NPV) of 28 wave energy converters was calculated by considering an operation period of 25 years. When assuming that the electricity produced from wave energy converters is transferred to onshore power plants through underwater cables, the NPV was estimated to be up to 5,883USD(6,600,000KRW) and at least -63,494USD(-71,000,000KRW). In contrast, the NPV increased up to 28,095 USD(31,600,000KRW) when assuming that the electricity is utilized in the Ulleungdo and Dokdo. In addition, it was found that the break-even line of NPV in the East Sea becomes closer towards the land according to the increment of electricity price. The NPV of wave energy converters near the Ulleungdo and Dokdo will be 88,158 USD(99,000,000KRW) if the increment of electricity price is 100KRW.

• Journal of Korean Society of Forest Science
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• v.106 no.4
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• pp.473-479
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• 2017

This study is to analyze differences in gross income between only forestry and agroforestry. In addition, cost structure and management performance on poultry farming was surveyed. The study sites were three forestry households located in Chungju, Kyungsan and Hwacheon. The method of its management performance were conducted by interview. And, survey items of the performance were operating expenses items and gross income items in 2015. As a result of study, gross income of Chungju business model was 25,608,000 won. The operating cost was 20,217,571 won so that the net income was 5,390,429 won. In case of Gyeongsan, gross income was 33,950,000 won and the operating cost was 18,655,714 won. Thus, the net income was 15,494,286 won. Hwacheon business model showed that gross income was 31,850,000 won, the operating cost was 13,143,000 won. Thus, the net income was 18,707,000 won. And, break-even point of sale volume, which meets cost, was 617 chicken in Chungju, 125 chicken in Gyeongsan, and 63 chicken in Hwacheon. In terms of selling cost-per-production ratio, Chungju business model was 79%, Kyungsan was 55% and Hwacheon was 41%. The results of this study indicates that margin ratio per chicken was 21% in Chungju, 45% in Kyungsan and 59% in Hwacheon. On Agroforestry, increasing rate for gross income was evaluated by 16% in Chungju, 18% in Gyeongsan and 11% Hwacheon.