• Title/Summary/Keyword: A Value for Return Period

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Economic Assessment and Application of AHP for Determining the Design of Assembly Line for the Lens Module of Mobile Phone (휴대폰 렌즈모듈 조립라인 설계안 결정을 위한 경제성 분석 및 AHP응용)

  • Moon, Dug-Hee;Lee, Geun-Hyun;Song, Jun-Yeob
    • Journal of the Korean Society of Manufacturing Technology Engineers
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    • v.20 no.4
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    • pp.509-515
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    • 2011
  • When a manufacturing system is designed, various kinds of evaluation methods are used for selecting the best alternative. Net present value, inner rate of return and payback period are popular quantitative measures for the economic assessment, but other qualitative measures should be considered for evaluation. The analytic hierarchy process(AHP) has been used as the popular method for the multi criteria decision making problem that considers both quantitative and qualitative criteria. This paper explains the process of economic assessment, and how to use the AHP for evaluating the designs of the assembly lines for lens module installed in mobile phone.

Affecting Factors on Financial Performance of Medical Institutions in Taegu Metropolitan and Kyungpook Province (의료기관의 재무성과에 영향을 미치는 요인)

  • Jang, Hyeon-Gi;Kam, Sin;Park, Jae-Yong;Park, Ki-Soo;Han, Chang-Hyun;Cha, Byung-Jun
    • Korea Journal of Hospital Management
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    • v.4 no.1
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    • pp.147-170
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    • 1999
  • This study was performed to assess the financial performance of medical institutions and examine the affecting factors in Taegu metropolitan and Kyungpook province. The major results are as follows ; The liability to total assets was significantly different according to the ownership type of medical institution. It was the highest in the case of juridical person having a special status. The total assets turnover and value added to total assets were significantly different according to the type of medical institution, period of establishment, and ownership type of medical institution. They were higher in the tertiary medical institution, in private hospital and university hospital, and they were increased with establishment period of medical institution. The growth rate of patient revenues were significantly different according to the type of medical institution, period of establishment, and the growth rate of adjusted inpatient days were significantly different by period of establishment. The return on assets and net profit to gross revenues were the highest in private hospital. Private hospital went into the black, but other hospitals went into the red figures. According to the multiple regression analysis for the net profit to gross revenues, ownership type, period of establishment, and management strategy of medical institution were significant It was higher in private hospital and medical institution with prospector management strategy, and it was increased with establishment period of medical institution. In multiple logistic regression analysis for the status of financial performance in medical institution, period of establishment, management strategy of medical institution were significant It was better in medical institution with prospector management strategy and longer period of establishment.

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Trends in Indian Private Sector Bank Efficiency: Non-Stochastic Frontier DEA Window Analysis Approach

  • KUMAR, Ashish;ANAND, Nakul;BATRA, Vikas
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.729-740
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    • 2020
  • The study examines the efficiency of private sector banks in India with the help of Window DEA (Data Envelopment Analysis) for a period from 2005 to 2017. With a window of three years, the period was divided into 11 windows. The study outcomes show that 59.9% of all private sector banks in India operate at more than 0.9 level of efficiency, and there are only three occasions when banks were operating at the efficiency value between 0.6 to 0.7. Further, the consistency in the efficiency scores of the banks has also been analyzed using an efficiency mapping matrix, and the mean efficiency score of the bank in each window is studied. The score of standard deviation was interpreted accordingly for these banks. Banks that are showing the highest efficiency scores also have a higher variance of efficiency scores. There was no bank identified in the matrix that promises high-efficiency ratings with low variability. The study concludes that the analysis of the efficiency mapping matrix indicates that, as a DMU escalates in the efficiency scores, the standard deviation reflecting the risk in overall efficiency scores also tends to rise. The findings complement the concept of higher risk to higher return or greater efficiency.

A forensic study of the Lubbock-Reese downdraft of 2002

  • Holmes, J.D.;Hangan, H.M.;Schroeder, J.L.;Letchford, C.W.;Orwig, K.D.
    • Wind and Structures
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    • v.11 no.2
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    • pp.137-152
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    • 2008
  • This paper discusses engineering aspects of the rear-flank downdraft that was recorded near Lubbock, Texas on 4 June 2002, and produced a gust wind speed nearly equal to the design value (50-year return period) for the region. The general characteristics of the storm, and the decomposition of the time histories into deterministic 'running mean' and random turbulence components are discussed. The fluctuating wind speeds generated by the event can be represented as a dominant low-frequency 'running mean' with superimposed random turbulence of higher frequencies. Spectral and correlation characteristics of the residual turbulence are found to be similar to those of high-frequency turbulence in boundary-layer winds. However, the low-frequency components in the running-mean wind speeds are spatially homogeneous, in contrast to the low-frequency turbulence found in synoptic boundary-layer winds. With respect to transmission line design, this results in significantly higher 'span reduction factors'.

Comparison of retention characteristics of Essix and Hawley retainers

  • Demir, Abdullah;Babacan, Hasan;Nalcaci, Ruhi;Topcuoglu, Tolga
    • The korean journal of orthodontics
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    • v.42 no.5
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    • pp.255-262
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    • 2012
  • Objective: We aimed to compare the retention characteristics of Essix and Hawley retainers. Methods: Adolescents undergoing fixed appliance treatment at 2 centers were recruited for this study. Twenty-two patients (16 women and 6 men) wore Essix retainers (Essix group) while 20 (14 women and 6 men) wore Hawley retainers (Hawley group). The mean retention time was 1 year, and the mean follow-up recall time for both groups was 2 years. Two qualified dental examiners evaluated the blind patient data. Maxillary and mandibular dental casts and lateral cephalograms were analyzed at 4 stages: pretreatment (T1), post-treatment (T2), post-retention (T3), and follow-up (T4). Results: The results revealed that Essix appliances were more efficient in retaining the anterior teeth in the mandible during a 1-year retention period. The irregularity index increased in both arches in both groups after a 2-year post-retention period. The mandibular arch lengths increased during treatment and tended to return to their original value after retention in both groups; however, these changes were statistically significant only in the Hawley group. Cephalometric variables did not show any significant differences. Conclusions: The retention characteristics of both Essix and Hawley retainers are similar.

An alternative method for estimation of annual extreme wind speeds

  • Hui, Yi;Yang, Qingshan;Li, Zhengnong
    • Wind and Structures
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    • v.19 no.2
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    • pp.169-184
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    • 2014
  • This paper presents a method of estimation of extreme wind. Assuming the extreme wind follows the Gumbel distribution, it is modeled through fitting an exponential function to the numbers of storms over different thresholds. The comparison between the estimated results with the Improved Method of Independent Storms (IMIS) shows that the proposed method gives reliable estimation of extreme wind. The proposed method also shows its advantage on the insensitiveness of estimated results to the precision of the data. The volume of extreme storms used in the estimation leads to more than 5% differences in the estimated wind speed with 50-year return period. The annual rate of independent storms is not a significant factor to the estimation.

A Study on Limiting Factor of Capital Assets Investment Calculation (경제성공학의 한계에 관한 고찰)

  • 김성집
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.2 no.2
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    • pp.5-10
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    • 1979
  • For investment calculation of capital assets, it is desirable to grasp the limiting factors of its calculation. The limiting factors can be listed as follows; $\circled1$ difficulty in estimating the service life of capital assets. $\circled2$ difficulty in estimating the receipts, and operating and maintenance expenses of the project. $\circled3$ difficulty in determining common Minimum Attractive Rate of Return. $\circled4$ difficulty in estimating the salvage value of the assets. $\circled5$ some limiting factors on present worth calculation of the projects. $\circled6$ Some limiting factors on payout period method of the economic calculation.

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Extrapolation of extreme traffic load effects on bridges based on long-term SHM data

  • Xia, Y.X.;Ni, Y.Q.
    • Smart Structures and Systems
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    • v.17 no.6
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    • pp.995-1015
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    • 2016
  • In the design and condition assessment of bridges, it is usually necessary to take into consideration the extreme conditions which are not expected to occur within a short time period and thus require an extrapolation from observations of limited duration. Long-term structural health monitoring (SHM) provides a rich database to evaluate the extreme conditions. This paper focuses on the extrapolation of extreme traffic load effects on bridges using long-term monitoring data of structural strain. The suspension Tsing Ma Bridge (TMB), which carries both highway and railway traffic and is instrumented with a long-term SHM system, is taken as a testbed for the present study. Two popular extreme value extrapolation methods: the block maxima approach and the peaks-over-threshold approach, are employed to extrapolate the extreme stresses induced by highway traffic and railway traffic, respectively. Characteristic values of the extreme stresses with a return period of 120 years (the design life of the bridge) obtained by the two methods are compared. It is found that the extrapolated extreme stresses are robust to the extrapolation technique. It may owe to the richness and good quality of the long-term strain data acquired. These characteristic extremes are also compared with the design values and found to be much smaller than the design values, indicating conservative design values of traffic loading and a safe traffic-loading condition of the bridge. The results of this study can be used as a reference for the design and condition assessment of similar bridges carrying heavy traffic, analogous to the TMB.

Extremal Dependence in Asia Pacific Exchange Markets (EVT-Copula 모형을 이용한 아시아 외환시장 간 극단적 의존성에 관한 연구)

  • Kim, Tae-Hyuk;Zhao, Hui-Jing
    • The Korean Journal of Financial Management
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    • v.23 no.1
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    • pp.193-225
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    • 2006
  • The purpose of this paper is to analyze contagion in Asian foreign exchange markets using Extreme Value Theory and Copula. Our application deals with asymptotic dependence of daily exchange rate return for a sample of eight countries over period 1997.1.1-2005.4.13. The empirical results are summarized as follows. Firstly, Gumbel Copula is a good model to our data according to the value of AIC. Secondly, the extremal dependence between East Asian crisis countries became lower in the post crisis period than the crisis period. Thirdly, It seemed that high extremal dependence exists between East Asian countries with Singapore. Fourthly, the tail dependence between Indonesia, Malaysia, Thailand, Philippine became higher in the crisis period than the total period and post crisis period. Fifthly, the fact that the extremal dependence between Korea and Indonesia, Malaysia, Thailand, Philippine did not increase during the Asian Financial Crisis showed that the contagion effect was not the reason of the Korea's Fiancial Crisis. Sixthly, the extremal dependence between Asian exchange markets was not very high while comparing with the European exchange markets.

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The Effects of International Medical Tourism Service Quality on Perceived Value (국제의료관광 서비스 품질이 지각된 가치에 미치는 영향에 관한 연구)

  • Lee, Chang-Nam;Kim, Hyun-Ju;Hwang, Il-Young
    • International Commerce and Information Review
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    • v.15 no.4
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    • pp.3-25
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    • 2013
  • With the ever-changing medical tourist environment, the study has delved into issues ranging from judged value on medical tourist service quality and its effect on the service level and recurring rate of return visit through the quantitative analysis with the survey for a group of tourists from Japan, China, USA and the interview survey on medical specialist on tourists. Verifying the Hypothesis 1 reveals the assertion that quality of medical service for tourists has effected upon the functional value has proven to be true except the cases on responsiveness and accessibility. And the assumption that the quality of medical service for tourists has effected upon the emotional value has proven to be true except the case on accessibility. The paper has its limitation in that it is confined to medical tourists of small numbers of target countries, relatively short survey period. The study shall be followed by the further analysis on the factors for medical tourists' personal and societal effect

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