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A Study on the Enterprise Value Analysis using AHP and Logit Regressions (AHP와 로짓회귀분석을 활용한 기업가치 분석방법)

  • Gu, Seung-Hwan;Shin, Tack-Hyun;Yuldashev, Zafar
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.9
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    • pp.5810-5818
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    • 2015
  • The dissertation presents the portfolio construction method using the score sheet so that general investors can utilize it easily. This study draws the significant variables to contribute the enterprise value and suggests the combined models by applying the single methodology, which private investors can easily utilize. The results of the research can be classified into 2 areas. Firstly, the significantly affecting variables were selected for analyzing the enterprise value. The variables and the method for the enterprise value analysis were studied from the existing researches to choose the optimal variables. The variables were identified by using AHP method and the structure equation method from the investigation of the previous researches. And the critical variables were added extracted from the common denominator of variables which the 3 grue investors used for their investment. The final variables identified are dividend yield, PER, PBR, PCR, EV/EBITDA, ROE, net income, sales growth rate, net current asset, debt ratio, current ratio, rate of operating profits, ratio of operating profit to net sales, ratio of net income to net sales, net profit to total assets, EPS growth rate, inventory turnover ratio, and receivables turnover. Second, the new methodologies for forecasting enterprise value modifying the existing methods were developed. The result of the Logistic regression analysis for forecasting showed that the equation could not be suitable as the accuracy with 91.98%.

On the Method of Using 1÷(divisor) in Quotitive Division for Comprehensive Understanding of Division of Fractions (분수 나눗셈의 통합적 이해를 위한 방편으로서 포함제에서 1÷(제수)를 매개로 하는 방법에 대한 고찰)

  • Yim, Jaehoon
    • Journal of Elementary Mathematics Education in Korea
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    • v.22 no.4
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    • pp.385-403
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    • 2018
  • Fraction division can be categorized as partitive division, measurement division, and the inverse of a Cartesian product. In the contexts of quotitive division and the inverse of a Cartesian product, the multiply-by-the-reciprocal algorithm is drawn well out. In this study, I analyze the potential and significance of the method of using $1{\div}$(divisor) as an alternative way of developing the multiply-by-the-reciprocal algorithm in the context of quotitive division. The method of using $1{\div}$(divisor) in quotitive division has the following advantages. First, by this method we can draw the multiply-by-the-reciprocal algorithm keeping connection with the context of quotitive division. Second, as in other contexts, this method focuses on the multiplicative relationship between the divisor and 1. Third, as in other contexts, this method investigates the multiplicative relationship between the divisor and 1 by two kinds of reasoning that use either ${\frac{1}{the\;denominator\;of\;the\;divisor}}$ or the numerator of the divisor as a stepping stone. These advantages indicates the potential of this method in understanding the multiply-by-the-reciprocal algorithm as the common structure of fraction division. This method is based on the dual meaning of a fraction as a quantity and the composition of times which the current elementary mathematics textbook does not focus on. It is necessary to pay attention to how to form this basis when developing teaching materials for fraction division.

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A Study on the Problems and Improvements of the Area Error Formula in Cadastral Surveying (지적측량의 면적오차 계산공식에 대한 문제점 및 개선방안 고찰)

  • Yang, Chul-Soo
    • Journal of Cadastre & Land InformatiX
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    • v.52 no.1
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    • pp.5-16
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    • 2022
  • Based on the general formula for the area error of a polygon and rectangular parcel, the constant term 0.0262 × M (scale denominator) of the area error calculation formula prescribed by the Enforcement Decree was analyzed. As a result, it is found that the formula appropriately reflects the characteristics of the graphical surveying as a typical rectangular parcel model, but quantitatively allows a relatively large area error. In addition, it is found that, even if the area is the same, 50% more area error than a square parcel could be calculated depending on the shape of the parcel, and that the allowable area error should be different when dividing a parcel. Based on the analysis, furthermore, this study shows a solution that can solve the problems at once from the point of cadastral surveying. These are, the problem of reflecting the accuracy of the surveying, the problem of reflecting the size and shape of the parcel, and the problem whether a single area error formula can be used without having to distinguish between graphical and numerical surveyings. The new formula that solves these problems will bring about improvements in many related factors and promote the development of digital cadastral system.

A study on the Project Planning Method of Areas near St.Pancars Station & King's Cross Station in London (런던 St.Pancars Station & King's Cross Station 인접지역의 철도역사 기반 도시재생계획에 관한 연구)

  • Shin, Ye-Kyeong
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.6 no.10
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    • pp.603-612
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    • 2016
  • This study will observe the following subjects based on the railroad: First, the development of St. Pancreas Station, which is the gateway to London from other Europe continent, and King's Cross Station, which connects all the intercity within London. Second, the planning characteristic of urban regeneration case which was driven from Camden district, the center of King's Cross Central, which is located in between the two stations, St. Pancreas and King's Cross. Third, based on the the two stations and urban regeneration, this study attempts to investigate the direction of urban regenerating plan and its detailed strategy. As a result, King's Cross Station, St. Pancreas Station and the King's Cross Central area, which is an adjacent area from the two stations, were a slum for a long time. However, the two close stations played a role as the United Kindom and London's railroad network by sharing the common denominator of having the international high-speed railway among the Europe continent and being the connection of National railroads within London. Eventually, based on such potential of railroad traffic, King's Cross Central area was newly regenerated. The consequence of this study has shown that not only the physical modernization of buildings, implementation of compact railroad network supporting both ground and underground of each area or traffic connection was organized in London, but also secured the pedestrian way for easier transfer and planned and allocated facilities by considering citizen's publicness and multilateral use.

The Identity of the Hyangje Samhyunyukgak (향제 삼현육각의 특징)

  • Im, Hye-Jung
    • (The) Research of the performance art and culture
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    • no.39
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    • pp.749-774
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    • 2019
  • In the situation where the interest of the academics related to the Hyangje Samhyunyukgak is increasing, the task of identifying the identity of the Hyangje Samhyunyukgak should precede. In this paper, we will discuss the characteristics of the Hyangje Samhyunyukgak distinguished from the court style Samhyunyukgak. First, we will discuss the characteristics of instrument organization. In the form of the Hyangje Samhyunyukgak, the composition of the musical instrument is flexible. Depending on circumstances such as the geographic region or the composition of the player, the set of instruments were added or reduced. The second part relates to composition of music. Among the various pieces of music, a piece of music to be selected in a specific situation is music pieces related to the use of the piece of music in depth. In this phenomenon, the music with the greatest change is Geosangak(거상악). The music played as Geosangak repertoire showed various musical pieces that are related to various situations in different regions. Finally, I would like to discuss the problems related to the origins of Hyangje Samhyunyukgak music. Compared to the songs of Ginyeombul(긴염불), Gutgeori(굿거리), and Taryeong(타령), it is difficult to totally exclude the relationship from the local music genre. And I could guess that such a common denominator was closely related to the Jangdan.

State-Space Equation Model for Motion Analysis of Floating Structures Using System-Identification Methods (부유식 구조체 운동 해석을 위한 시스템 식별 방법을 이용한 상태공간방정식 모델)

  • Jun-Sik Seong;Wonsuk Park
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.37 no.2
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    • pp.85-93
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    • 2024
  • In this paper, we propose a method for establishing a state-space equation model for the motion analysis of floating structures subjected to wave loads, by applying system-identification techniques. Traditionally, the motion of floating structures has been analyzed in the time domain by integrating the Cummins equation over time, which utilizes a convolution integral term to account for the effects of the retardation function. State-space equation models have been studied as a way to efficiently solve floating-motion equations in the time domain. The proposed approach outlines a procedure to derive the target transfer function for the load-displacement input/output relationship in the frequency domain and subsequently determine the state-space equation that closely approximates it. To obtain the state-space equation, the method employs the N4SID system-identification method and an optimization approach that treats the coefficients of the numerator and denominator polynomials as design variables. To illustrate the effectiveness of the proposed method, we applied it to the analysis of a single-degree-of-freedom model and the motion of a six-degree-of-freedom barge. Our findings demonstrate that the presented state-space equation model aligns well with the existing analysis results in both the frequency and time domains. Notably, the method ensures computational accuracy in the time-domain analysis while significantly reducing the calculation time.

A Study on Christian Liberal Arts to Cultivate Religious Literacy (종교 리터러시를 함양하는 기독교 교양교육 연구)

  • Miyoung Cho
    • Journal of Christian Education in Korea
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    • v.76
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    • pp.149-172
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    • 2023
  • Purpose of study: The purpose of this study is to explore the direction of the role of Christian liberal arts education in university liberal arts education in the 21st century. Research content and method: It examines how liberal arts education has changed with the times, and examines the modern significance of the role of liberal arts education that is requested today. In the rapidly changing reality of the 21st century, the role of liberal arts education, which was neglected by focusing on major-centered professional education, has become important. The need for creative and integrated thinking skills to create and apply new knowledge on their own has been highlighted. Liberal arts education and Christianity have a common denominator, and they can produce richer fruits through mutual communication. Religious literacy is the ability to identify and analyze the fundamental intersection between religion and social, political, and cultural life through various lenses. It can be said that it is the culture that must be equipped as a democratic citizen living in the 21st century. Understanding religion is the most important humanities and culture. Through the cultivation of religious literacy, it will be possible to develop thinking skills and insights to view the relationship between Christianity and various fields of life as a whole. Conclusions and Suggestions: Through this study, the need for religious literacy was expressed, and the direction of Christian liberal arts education requested in this era was sought. Christian liberal arts education that fosters religious literacy is proposed as a way to handle the role of a holistic leader of public society by aiming for convergent thinking and promoting public responsibility.

The Dragon Symbol and its Meaning in the Painting Poetry (제화시에 나타난 용(龍)의 표상과 그 의미)

  • Park Hae-young
    • Journal of the Daesoon Academy of Sciences
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    • v.49
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    • pp.157-186
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    • 2024
  • This study aims to understand the symbolic meanings of dragons in the contemporary period through the painting featuring poetry based on the Hwaryong (paintings of dragons) and to analyze the literary representations and characteristics of dragons. First, the shape and aura of the dragon in the paintings should be confirmed. In dragon Painting Poetry (Paintings Featuring Poetry), the shape of the dragon is embodied in the aura of 'spirit.' However, people in previous eras customarily believed that dragons were real. In addition, the main spirit of the Hwaryong was in the representation of the dragon's aura, or "Jeonsin (transmission of spirit)," such as the creature's dragonly virtue or Heavenly Perfection. Next, the rhetorical representation of the dragon in the painting is to be examined. In the actual Painting Poetry, dragon images were relatively common in descriptions of pines, bamboo, and plum trees. The pine-bamboo-plum motif is known as Sehan Samwu (the three friends of the cold season), and since the Northern Song Dynasty, it has become a symbol of literary incision. Manifested as a dragon, the pine-bamboo-plum motif has a common denominator of winding branches, tangled stems, and bluish jade coloration, and like the dragon, it is used as a backdrop for weather phenomena such as rain, wind, and lightning. In the schematic that connects the Hwaryong, dragon Painting Poetry, the original meaning of the dragon is transformed into shapes and language. This is the meaning conveyed by the dragon, and this symbolic meaning was shared among the writers of the period who viewed the poems and paintings.

A Study on 'Verfremdung' effects in visual advertisements with a special reference to the <017-I-Touch series, The Hand Transformed into a Web >, mobile network advertisement (동영상 광고에서 나타나는 '소격화' 효과에 관한 연구 - 광고 <017-I-Touch편 (손이 물갈퀴) >를 중심으로 -관어영시광고중소출현적‘맥생화’효과적연구(關於影視廣告中所出現的‘陌生化’效果的硏究))

  • Jin, Ri-Long;Ahn, Sang-Soo;Kim, Jong-Deok
    • Archives of design research
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    • v.18 no.2 s.60
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    • pp.37-46
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    • 2005
  • Today's advertisement is dominated by visual images, which deliver messages in the most efficient and engaging way. Vivid and live images, through multimedia, attract the viewer to consume the products being advertised. In this course, the effect of 'Verfremdung' or alienation is often detected. This terminology was at first used in a epic play of Bertolt Brecht to signify a specific effect to block the empathy of the audience by reminding them of their position as the audience separate from the play. 'Verfremdung' helps them to have a sense of objectivity and critical attitude toward the performance. Multimedia commercials nowadays exhibit such a quality together with 'viewer participation:' criticism on reality: and 'speed.' In an advertisement for Shinsegi Communications' mobile system titled <017-I-Touch series, the hand transformed into a web>, the copy, 'my blood type is 'i', ' is accompanied by six unrelated fictitious scenes in which the same ocean appears as a common denominator. Because there is no connection between the scenes, free imagination of the viewer has to be involved and thus plays a significant role in making them into a context. This fact dearly exhibit some characteristics of post- modern advertisement. Momentary 'Gap' and 'Difference' between scenes contribute to 'Verfremdung' or alienation' that makes it hard for the consumers to comprehend the content on the spot. Such an uneasy situation, however, keeps the viewers thinking about the advertisement itself. While repeatedly exposed to the alienated images, the viewers come to get involved in the advertisement, trying to make the fragmented images into a coherent context. In addition, the leaps between the scenes produce a sense of 'speed' in a context, which adds more impact to the way of delivering messages using multimedia. With the help of multimedia, 'Verfremdung: which was originally intended to bring about objective and critical altitude of the audience in a play, plays a crucial role in attracting the viewer's attention and conveying a specific message in a moment in contemporary advertisement.

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A Variable Latency Goldschmidt's Floating Point Number Divider (가변 시간 골드스미트 부동소수점 나눗셈기)

  • Kim Sung-Gi;Song Hong-Bok;Cho Gyeong-Yeon
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.9 no.2
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    • pp.380-389
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    • 2005
  • The Goldschmidt iterative algorithm for a floating point divide calculates it by performing a fixed number of multiplications. In this paper, a variable latency Goldschmidt's divide algorithm is proposed, that performs multiplications a variable number of times until the error becomes smaller than a given value. To calculate a floating point divide '$\frac{N}{F}$', multifly '$T=\frac{1}{F}+e_t$' to the denominator and the nominator, then it becomes ’$\frac{TN}{TF}=\frac{N_0}{F_0}$'. And the algorithm repeats the following operations: ’$R_i=(2-e_r-F_i),\;N_{i+1}=N_i{\ast}R_i,\;F_{i+1}=F_i{\ast}R_i$, i$\in${0,1,...n-1}'. The bits to the right of p fractional bits in intermediate multiplication results are truncated, and this truncation error is less than ‘$e_r=2^{-p}$'. The value of p is 29 for the single precision floating point, and 59 for the double precision floating point. Let ’$F_i=1+e_i$', there is $F_{i+1}=1-e_{i+1},\;e_{i+1}',\;where\;e_{i+1}, If '$[F_i-1]<2^{\frac{-p+3}{2}}$ is true, ’$e_{i+1}<16e_r$' is less than the smallest number which is representable by floating point number. So, ‘$N_{i+1}$ is approximate to ‘$\frac{N}{F}$'. Since the number of multiplications performed by the proposed algorithm is dependent on the input values, the average number of multiplications per an operation is derived from many reciprocal tables ($T=\frac{1}{F}+e_t$) with varying sizes. 1'he superiority of this algorithm is proved by comparing this average number with the fixed number of multiplications of the conventional algorithm. Since the proposed algorithm only performs the multiplications until the error gets smaller than a given value, it can be used to improve the performance of a divider. Also, it can be used to construct optimized approximate reciprocal tables. The results of this paper can be applied to many areas that utilize floating point numbers, such as digital signal processing, computer graphics, multimedia, scientific computing, etc