• Asia-Pacific Journal of Business
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• v.12 no.1
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• pp.151-163
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• 2021

Purpose - The break-even point refers to the point where total profit and total cost coincide, and from this point on, the entrepreneur's decision-making takes a different route. Strategic decisions can be made for more efficient operation and eventually for more likelihood for growth and sustainability if a startup figures out when it recoups the investment and switches to a net profit. Design/methodology/approach - 748 creativity and skill-based sole proprietors in manufacturing industry were examined to demonstrate the effect of the entrepreneur's entrepreneurial experience and education level, the business launch preparation time, or the self-financing on the achievement of break-even point. Findings - While the business launch preparation time lowered the likelihood of reaching a break-even point, self-financing increased the likelihood. As a result of further analysis by subdividing into subgroups according to skill level, only the business launch preparation time was statistically significant in the highly skilled industries. In the low skilled industries, in addition to the business launch preparation time, the CEO's education level and the self-financing were statistically significant. Research implications or Originality - The longer the business launch preparation time, the higher the start-up cost, which increases the burden of initial cost recovery, and the agile response to market changes is thereby delayed, resulting in the business idea losing its appeal. Self-financing not only provides stability and strong motivation for the business operation but also promotes careful spending which contributes to the achievement of break-even point. In particular, it is found that practical experience is more useful than theoretical knowledge in low skilled industries. Due to the limitation of secondary data based on the recollection, the time required to reach a break-even point, percentage of financing sources, etc. may include cognitive errors. In addition, variables are not included that explain the characteristics of creativity and skill-based sole proprietorship, so it is necessary to exercise caution with the actual application.

• Transactions of the Korean hydrogen and new energy society
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• v.26 no.1
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• pp.35-44
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• 2015

This paper deals with the economic analysis of domestic fuel cell vehicles considering subsidy and hydrogen price in 2015 and 2025. We selected TFCV (Tucson fuel cell vehicle) and TDV (Tucson diesel vehicle) to identify the economic feasibility of fuel cell vehicles compared with conventional internal combustion engine vehicles. We made some sensitivity analysis by changing input factors such as the size of the subsidy, the hydrogen price and the discount rate. Also, we made a break-even point analysis on hydrogen prices that equalize the economic feasibility of TFCV and TDV in 2025. As a result, TFCV is not economical in 2015 due to the relatively high prices of hydrogen and vehicles. If the sale prices of TFCV are 30,000,000 won and 35,000,000 won in 2025, then the break-even points of hydrogen prices are equal to 7,483 won/kg and 5,043 won/kg.

• Journal of Korean Society of Forest Science
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• v.96 no.6
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• pp.661-666
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• 2007

This study is to give investment information to someone who will manage a chestnut orchard or has been managing a chestnut orchard by means of profit by producers' chestnut price and a term of investment retrieval because of fluctuations in chestnut prices in the opening time by FTA. This study, hence, evaluated 133 families who manage a chestnut orchard at Jin-ju, San-cheoung in Gyeong-nam, Gu-rae in Jeon-nam, Gong-ju, Bu-yeo, Cheoung-yang in Chung-nam. This study used IRR, B/C Ration, NPV and the break-even point sales methods. As the result of this study, there are investment value at much than 1,140 won/kg including wages themselves at 4% interest, however, there are not investment value at less than 1,140 won/kg in the same economic condition. Furthermore, an investor could retrieve the investment at sixteen year and the break-even point sales is 32,963,000 won/ha. If 3,000 won/kg, an investor could retrieve the investment at nine year and the break-even point sales is 15,176,000 won.

• Journal of Biosystems Engineering
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• v.34 no.4
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• pp.228-233
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• 2009

In order to cut the round bale easily, a roughage cut-feeder for the round bale was developed in this study. This study consists of two parts. One is development of a cutting mechanism and a performance test reported in the previous paper. This is the second part of the study. For the study, recent trend of traditional cutting system was analyzed. Also, cost of the prototype cut-feeder was analyzed and determine the break-even point of farm size was determined by comparing with traditional method using a traditional cutter. A prototype cut-feeder was investigated with the fact that working performance, fiber length and shape of roughage and feeding quality was good. Operating cost of the prototype cut-feeder decreased rapidly with an increase of farm size. Break-even point in terms of farm size was 36 heads for beef and 28 heads for dairy. Also, costs estimated were 118,000 won/head year and 148,000 won/head year, respectively.

• The Korean Journal of Pain
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• v.30 no.4
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• pp.272-280
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• 2017

Background: The high cost of intrathecal morphine pump (ITMP) implantation may be the main obstacle to its use. Since July 2014, the Korean national health insurance (NHI) program began paying 50% of the ITMP implantation cost in select refractory chronic pain patients. The aims of this study were to investigate the financial break-even point and patients' satisfaction in patients with ITMP treatment after the initiation of the NHI reimbursement. Methods: We collected data retrospectively or via direct phone calls to patients who underwent ITMP implantation at a single university-based tertiary hospital between July 2014 and May 2016. Pain severity, changes in the morphine equivalent daily dosage (MEDD), any adverse events, and patients' satisfaction were determined. We calculated the financial break-even point of ITMP implantation via investigating the patient's actual medical costs and insurance information. Results: During the studied period, 23 patients received ITMP implantation, and 20 patients were included in our study. Scores on an 11-point numeric rating scale (NRS) for pain were significantly reduced compared to the baseline value (P < 0.001). The MEDD before ITMP implantation was 0.59 [IQR: 0.55-0.82]. The total MEDD increased steadily to 0.77 [IQR: 0.53-1.08] at 1 year, which was 126% of the baseline (P < 0.001). More than a half (60%) responded that the ITMP therapy was somewhat satisfying. The financial break-even point was 28 months for ITMP treatment after the NHI reimbursement policy. Conclusions: ITMP provided effective chronic pain management with improved satisfaction and reasonable financial break-even point of 28 months with 50% financial coverage by NHI program.

• Journal of the Korea Safety Management & Science
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• v.14 no.2
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• pp.221-228
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• 2012

This paper analyzed twenty-six production-related KPI(Key Performance indicator) factors of business diagnosis, such as personnel, equipment, materials, operations and quality affecting company business competition to 186 small machinery manufacturers in 2010. Also, we explained the concept of Business Positioning and divided research subjects into four Business Positioning Groups formed break-even point ratio & fixed cost ratio to sales and then we compared between the 4 groups using Logistic Regression analysis by SAS statistical software package. The objective of this study is two-fold. The first is to find out production-related KPI factor of superior Business Positioning Group. The second is to suggest improvement ways for small manufacturers in order to get better profitable Business Positioning.

• 한국벤처창업학회:학술대회논문집
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• 2006.11a
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• pp.275-299
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• 2006

This study aims at examining the early-stage financing scale for entrepreneur to build small & medium business. The data was collected from the DART (Data Analysis, Retrieval and Transfer System) of Korean Financial Supervisory Service(FSS) in the main. The results of this study show that small & medium business needs equipment & operation financing for about 37 months extent to reach Break-Even Point. The limitations of this study are data collections from registered firms on Korean FSS primarily and no showing about the early stage financing scale for building small & Medium Business concretely. Small & Medium business entrepreneur have to make a early stage finance plan according to a necessary equipment and operating cost in their business field for 37 months extent.

• Journal of the Korea Safety Management & Science
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• v.9 no.5
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• pp.111-116
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• 2007

The objective of this paper is to calculate the minimum scale of management for transportation business in order to achieve a form of enterprise. In this study the tracking minimum scale of business is the minimum number of operating trucks. Transportation companies should ensure the number of trucks for a type of business model rather than a means of livelihood model. The method to calculate the minimum number of trucks for the transportation business model can use an approach of either the qualitative and the quantitative technique. This study chooses the quantitative technique to calculate the minimum number of trucks through the analysis of break-even point.

• Journal of Technologic Dentistry
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• v.10 no.1
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• pp.185-193
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• 1988

손익분기점분석(break-even point analysis)이란 매출액의 변화에 따라 달라지는 고정비 변동비의 수준과 이익의 관계를 연구하여 이익의 계획통제를 하는데, 혹은 자본구성에 관한 주요결정을 합리적으로 수행하는데 이용되는 중요한 재무분석 기법이다. 이는 결국 원가 매출액(생산량) 이익의 상호관계를 분석하는 것으로 CVP분석(cost-volume-profit relationship analysis)이라고 부른다.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 1999.10a
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• pp.19-33
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• 1999

This paper is concerned with developing a standard costing model based on the case study of PECT and GCT and analysing their profitability in order to improve operation efficiency and design business strategy. In doing so, the model can be a useful tool to analyze current calculation system of lease charge at the two terminals and to judge whether the level of lease charge currently applied to them is justifiable for their profitability. This paper also deals with break-even analysis of container terminal operating companies on the basis of the model and forecast of their profitability. On the top of that, it tries to look into the arguments and to suggest proposals for improving their profitability.