• Title/Summary/Keyword: Cost of Capital

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The Development of Walking Tractors for Asian Agriculture

  • Phongsupasamit, Surin;Sakai, Jun
    • Proceedings of the Korean Society for Agricultural Machinery Conference
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    • 1993.10a
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    • pp.1102-1109
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    • 1993
  • This paper describes the research and development of Walking Tractors and Tillage Implements for Phase I (1991-1992) . The project consists of : (1) the study and need for the development of the walking tractors for Thailand and other Southeast Asian countries ; (2) the comparison in the use of the walking tractors and their transmission systems that are made in Thailand and aborad : and (3) the design of future walking tractors for Asian farmers in developing countries. The design of the walking tractors is concentrated to provide the ease to farmers, especially the elderly and female which will play an important role in the future agriculture of Thailand due to the lack of manpower. In addition , the design of the walking tractors is also aiming for small-scale farmers, the majority that have limited land capital. The walking tractors consist of several components but the most important one is the " Transmission System" . Thus, the research is concentrated in the devel pment an design of the a new transmission system. The new machine , currently developed, is named after the Chulalongkron University as " Chular Walking Tractor " , model SPJS -60. The tractor uses a 6-7 horsepower diesel engine with three forward gears and one reverse gear. The tractor also uses the latest gearing technology so called planetary gearing system with steering clutches system that never been used in any earlier model. The advantages of the planetary gearing system are : (1) the final drive gear can be small, and can be designed to provide higher strength with less wearing resistance, (2) the system eliminates a shaft which is used in other systems, thus reduces the weight and the manufacturing cost . Furthermore, the Chular Walking Tractor has an additional power take off shaft that can be used or linked with other standard agricultural implements.

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Measuring Return and Volatility Spillovers across Major Virtual Currency Market (주요 가상화폐 시장간 수익률 및 변동성 전이효과에 관한 연구)

  • Yoo, Ju-Hyun;Kang, Ju-Young;Park, Sang-Un
    • The Journal of Information Systems
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    • v.27 no.3
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    • pp.43-62
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    • 2018
  • Purpose Since the Bitcoin, which was the first virtual currency, was made at 2009, almost 1,000 virtual currencies appeared onstage in the world. Even though virtual currencies have the function of money as a medium of exchange or contract, any of those has not yet entered the commercialization stage. Instead, some of the virtual currencies show the nature of investment assets. In the case of virtual money investment, users tend to use all the information of the world because information transfer is very easy and capital movement is almost free between different countries. In addition, as the transaction sizes of virtual currencies increase, a virtual currency price is no longer independent and is likely to be affected by the prices of other virtual currencies. Therefore, it is necessary to understand the influence among virtual currency markets, which helps successful implementation of investment strategies. Design/methodology/approach This study focuses on the investment product function of virtual money and conducts the analysis using the time series model used in the financial and economic areas. In this paper, we try to analyze the return and volatility transfer effect of virtual money markets through GJR-GARCH model. Findings This study is expected to find out whether we can make market forecasts through reflecting changes in other markets. In addition, we can reduce the trial and error of user decision making by using the information on the yield and volatility transition effect derived from the research results, and it is expected to reduce the opportunity cost of users.

The changes and meanings in the volume of Korea red ginseng trade in late chosun dynasty (조선후기 고려홍삼 무역량의 변동과 의미)

  • Lee, Chulsung
    • Journal of Ginseng Culture
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    • v.1
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    • pp.67-77
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    • 2019
  • This study tried to evaluate the official Korea Red Ginseng(Hongsam) trade in 19th century. The Hongsam trade activities of the 19th century also show that the collected amount of Posam taxes (Hongsam taxes) alone outweigh the amount of cost spent during the same time period to launch tributary actions. It is quite obvious that the Chosun dynasty, supported by the developed techniques of ginseng cultivation and preservation methods, managed to stop the silver leaks while also stimulating the domestic commerce, handicraft business and mining operations, by exporting Hongsam to China and importing raw material and other finished products in return. The Chosun government also managed to secure considerable amount of marginal profit which at times mounted to almost 2 hundred thousand Nyangs of silver during the latter half of the 19th century thanks to this Hongsam trade activities, and accumulated the hoof-shaped pieces of silver ingot at the office of Ministry of Taxation. Even under the mostly undesirable political environment featuring unjustified deeds of the powerful houses, the commercial activities were being strongly maintained, and the transactions conducted by merchants of the Gaeseong, Euiju areas and the capital city were prospering.

A Study on preference of Italian Cuisine (이태리 요리의 선호도 분석 및 운영개선방안에 관한 연구 )

  • 정진우
    • Culinary science and hospitality research
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    • v.2
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    • pp.169-181
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    • 1996
  • Today we are inclined to dine out more frequently according as the national income is increased and Women enter into the Social life, 'This tendency results in the universality of foodculture and the food made of fresh food stuff as well as the Pollution-free food is preferable as everyone warits to eat natural food or health food and escapes from the pollution. Moreover we have socail problems like fatress and adult disease which result from the small amount of activity or the food with high calory and high gat. under this circumstance. the most adeguate food seems to be Italian good. It stand in the spottight of food world and is most preferable for everyone today. The sphere of food and beverage has a low value-added-rate compartry to the high increasing rate of customers and profit, so, the efficient managing method for the cost of food and beverage and the operating skill in the kitchen are the principal factors leading to success or failure. Therefore, this research is to show some remedies as follows, pointing out the operating problems of an selected Italian restaurant at the top class hotel. First, most Italian restaurant at the hotel are located in the best place and investing the big capital, But they are open for only 8 hours through a day. This should be improved not to bring a enormous loss to the hotel The brealefast menus such as vegetables or fish food, pizza and pasta which modern man can easily enjoy should be developed open the restaurants for morning gours. Second, the business hours are not made continously. As a result, all the emplyees should stay in the company all day long without taking any advantage of the losed time, This will be the loss for both the company and the employees, By veloping the morning menus, employees shald be classified into morning and afternoon staffs and the opening and closing hour at 3 and 6 O'clock should be used so that minimum number of employees may operate the company. Third, the characteristic of Italian food is in the use of fresh food stuff, The proper purchase of food stuff and the simple distributing system will help Italian restaurant show its character istcc as a hzgh-grade restaurant. Fourth, the most popular Italian food such as pizza or pasta should be market with Priority.

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A Study on the Classification System of National Construction Project based on WBS (WBS 기반의 국책 건설사업 기록물 분류체계에 대한 연구)

  • Jeong, Ki-Ae;Jung, Kuk-Hwan;Kim, Chang-Ha
    • Journal of Information Management
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    • v.41 no.1
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    • pp.173-200
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    • 2010
  • National construction project for SOC(Social Overhead Capital) is led by the government and invested high cost and all capabilities for long times. In general case the life times of SOC facilities are permanently. According to the long life time of the facilities documents and records of national projects are also retained permanently. Consistent classification systems are required to operation and maintenance of the facilities efficiently and to support the organic co-works for several Stakeholders. Therefore the classification of national construction projects are based on WBS of the project. WBS is the hierarchy structure that established and developed in project management project management methodology to produce deliverables of the projects. As a result, this study provides a prospect of project records classification systems in the 21st Century.

A Dynamic Panel Analysis of the Determinants of Adoption of Industrial Robots (동적 패널모형을 이용한 산업용 로봇 도입의 결정요인 분석)

  • Jeong, Jin-Hwa;Im, Dong-Geun
    • Journal of Technology Innovation
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    • v.26 no.4
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    • pp.173-198
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    • 2018
  • In this paper, we analyze the determinants of the adoption of industrial robots using the data from 42 countries, and thereby examine the factors underlying the rapid expansion of industrial robots in Korea. To this end, the industrial robot data for the years 2001-2016 were drawn from the World Robotics dataset of the International Federation of Robotics (IFR). The explanatory variables included labor market environment variables and innovation capacity variables extracted from the dataset of the relevant international organizations. For data analysis, the Arellano-Bond dynamic panel analysis was performed to control for the endogeneity problem of some explanatory variables. The empirical results confirmed the exceptionally rapid expansion of industrial robots in Korea as compared to other countries, even when considering the national income level, employment cost, and innovation capacity. This phenomenon could be attributed to both the demand-side and supply-side factors. For one thing, changes in the labor market environment, such as an increase in employment costs, have led to an increase of the corporate demand for industrial robots. For another, the supply-side factors, such as an increase in the capital intensity and innovation capacity of companies, have also contributed to the widespread adoption of industrial robots.

Optimal Design of Nonsequential Batch-Storage Network (비순차 회분식 공정-저장조 망구조 최적 설계)

  • 이경범;이의수
    • Journal of Institute of Control, Robotics and Systems
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    • v.9 no.5
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    • pp.407-412
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    • 2003
  • An effective methodology is .reported for determining the optimal capacity (lot-size) of batch processing and storage networks which include material recycle or reprocessing streams. We assume that any given storage unit can store one material type which can be purchased from suppliers, be internally produced, internally consumed and/or sold to customers. We further assume that a storage unit is connected to all processing stages that use or produce the material to which that storage unit is dedicated. Each processing stage transforms a set of feedstock materials or intermediates into a set of products with constant conversion factors. The objective for optimization is to minimize the total cost composed of raw material procurement, setup and inventory holding costs as well as the capital costs of processing stages and storage units. A novel production and inventory analysis formulation, the PSW(Periodic Square Wave) model, provides useful expressions for the upper/lower bounds and average level of the storage inventory hold-up. The expressions for the Kuhn-Tucker conditions of the optimization problem can be reduced to two subproblems. The first yields analytical solutions for determining batch sizes while the second is a separable concave minimization network flow subproblem whose solution yields the average material flow rates through the networks. For the special case in which the number of storage is equal to the number of process stages and raw materials storage units, a complete analytical solution for average flow rates can be derived. The analytical solution for the multistage, strictly sequential batch-storage network case can also be obtained via this approach. The principal contribution of this study is thus the generalization and the extension to non-sequential networks with recycle streams. An illustrative example is presented to demonstrate the results obtainable using this approach.

OPTIMAL DESIGN OF BATCH-STORAGE NETWORK APPLICABLE TO SUPPLY CHAIN

  • Yi, Gyeong-beom;Lee, Euy-Soo;Lee, In-Beom
    • 제어로봇시스템학회:학술대회논문집
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    • 2004.08a
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    • pp.1859-1864
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    • 2004
  • An effective methodology is reported for the optimal design of multisite batch production/transportation and storage networks under uncertain demand forecasting. We assume that any given storage unit can store one material type which can be purchased from suppliers, internally produced, internally consumed, transported to or from other plant sites and/or sold to customers. We further assume that a storage unit is connected to all processing and transportation stages that consume/produce or move the material to which that storage unit is dedicated. Each processing stage transforms a set of feedstock materials or intermediates into a set of products with constant conversion factors. A batch transportation process can transfer one material or multiple materials at once between plant sites. The objective for optimization is to minimize the probability averaged total cost composed of raw material procurement, processing setup, transportation setup and inventory holding costs as well as the capital costs of processing stages and storage units. A novel production and inventory analysis formulation, the PSW(Periodic Square Wave) model, provides useful expressions for the upper/lower bounds and average level of the storage inventory. The expressions for the Kuhn-Tucker conditions of the optimization problem can be reduced to two sub-problems. The first yields analytical solutions for determining lot sizes while the second is a separable concave minimization network flow subproblem whose solution yields the average material flow rates through the networks for the given demand forecast scenario. The result of this study will contribute to the optimal design and operation of large-scale supply chain system.

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An empirical Analysis of Scientific and Technological Performance for the Railroad R&D through the Cross-sectional Analysis (횡단면 분석을 통한 철도 R&D의 과학기술적 성과 실증 분석)

  • Park, Man-Soo;Bang, Yoon-Sock;Lee, Hi-Sung
    • Journal of the Korean Society for Railway
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    • v.14 no.3
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    • pp.285-294
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    • 2011
  • An analysis of railroad industry has been insufficient whereas there are lots of analysis of accumulation of technology, economic performances and ripple effects for macroscopic view and other industry of R&D investments. This study decided intellectual rights, patent, and paper as common indicators of scientific and technological performances for setting up performance targets through surveying and analysis of preceding study and verified a appropriateness of scientific and technological performances for railroad R&D 11 projects which were successfully finished. Preceding study has been set up performance targets by research investments as input, but this study made a performance target by model through a cross-sectional and residual analysis of performances of railroad R&D 11 Projects in applying research investments, capital investments and inner labor cost per man and research time as inputs, and verified a validity and a empirical analysis through analysis of other project.

Maintenance Performance Improvement Method of the Buildings in Design Phase (설계단계에서 건축물의 유지관리성능 향상 방안;건축계획분야를 중심으로)

  • Yoon, Ho-Bin;Kim, Seung-Jin;Lee, Chan-Sik
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.692-697
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    • 2006
  • The importance about the maintenance consideration of the building has a great impact and regarding the life continuation of the building the many interest is becoming intensively. The housing lot of the heart of urban at the capital region has insufficient recently and the construction of the ground complex building in solution for the insufficiency is increasing at the rapid pace. The ground complex building is brings the maximization of land use from inside the site, but maintenance consideration phase is caused by administration cost share and administration bound limit where person is concerned for a many problem point it contains. The objective of the present paper is that the building is maintain an efficiency initially and is improve in order to develop guide line for a maintenance consideration improvement from design phase. According as literature research and question research is enforce, the paper is escape problem point the maintenance consideration and is bring up guide line for the architectural plan field and the maintenance consideration improvement of the building. Result of the study is expected a help in maintenance consideration improvement during life cycle of the building

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