• Title/Summary/Keyword: FUND Model

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A Study on Auction Mechanism for DMZ Conservation using the South-North Korean Economic Development Projects (남북경제협력에 따른 개발이익 경매와 DMZ 보전기금 확보)

  • Park, Hojeong;Kim, Joonsoon;Kim, Hyunhee
    • Environmental and Resource Economics Review
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    • v.28 no.1
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    • pp.39-59
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    • 2019
  • The Korean Demilitarized Zone (DMZ) has the great ecosystem as all the artificial activities in DMZ have been prohibited over half a century. The ecosystem should be conserved even after the reunification of Korea and hence the conservation plan should be established not after the reunification but before it. It requires a considerable budget to conserve DMZ, considering management of ecology resource, recovery, and research. The objective of this paper is to analyze a fund-raising measure for DMZ conservation, using economic incentives mechanism when multiple developers participate in the auction to get the right to develop North Korean regions, have private information about their sunk costs and pay a part of their profits for the fund. First, we analyze the real option model to decide the optimal investment time. Second, we construct the auction for bidders not to misrepresent their private information, based on Bayesian Nash equilibrium.

The Review of the Health Promotion Foundation and Implication for Korea (외국의 건강증진기금 운영실태 고찰 및 시사점)

  • Jeong, Ae-Suk
    • Korean Journal of Health Education and Promotion
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    • v.25 no.4
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    • pp.93-110
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    • 2008
  • Objectives: The study aimed at reviewing the organizational values, structures, and activities of the health promotion foundation model as a recently recommended by the World Health Organization, and exploring adequate suggestions to administer the funds in Korea. Methods: The study materials were collected from web-sites and visiting, the ThaiHealth, VicHealth, Healthway, and Health Promotion Switzerland were reviewed as the representative cases of health promotion foundation model. Results: According to the review, the health promotion foundation established based on relevant legal acts had the comprehensive and professional organizational structure with boards and committees as governing and supporting bodies. The foundations had clearly defined vision, mission, and purpose, and pursuit health promotion purpose, independent and professional decision making process, strategies and priorities to initiate broad health promotion activities, balanced funds distribution to various areas and sectors, and networking and collaborating with partners. Conclusions: Health promotion foundation is a recommendable model to lead more effective and efficient health promotion activities and to collaborate with other sectors or other countries. Expanded usages of health promotion fund into the diverse health promotion settings such as communities, work places and schools and health activities including sponsorships as well as health promotion programs need to be considered.

Economic Effects of the Management Model far Environment Pollution in Gwangyang Bay (광양만 환경오염 관리모델 연구의 경제적 파급효과 분석)

  • Nam Kwanghyun;Kwon Sukjae;Oh Weeyeong
    • Journal of Korea Technology Innovation Society
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    • v.7 no.3
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    • pp.657-679
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    • 2004
  • The purpose of this paper is to measure economic impact of marine environment conservation research development project. Benefit-Cost(B/C) analysis and Contingent Valuation Methods(CVM) are used to valuate the benefits from the research development projects. A period of three years for research development fund is considered as a part of the costs and adjusted to the net present value (NPV) of the 2002 ending period. The environmental charges for marine environment improvement are considered for the benefit measurement. The benefits are estimated by using monthly average willingness to pay, which is 2,289 Korean won. The contribution of the developing a management model for environmental pollution in the Gwangyang Bay is evaluated utilizing survey data and information. Based on the assessment by expert groups, the contribution of the model was 37.5%. The research results showed that B/C ratio is 20.61, NPV is 89,200 million Korean won, and social rate of return is 185.7%. When the level of contribution is over 1.83% at the assessment of potential influence, it is recognized to be economically feasible. This research presents a quantitative framework for Research and Development projects for marine environment conservation, and it can be applied to decision making for the investment size of R&D projects.

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A study on the Strategy for Management Business Innovation and Information System in Next generation. (Focued on PI & Six Sigma) (차세대 경영혁신 및 정보시스템 구축 전략에 관한 연구 (PI & 6시그마 중심으로))

  • Park, Jong-Ki;Kang, Kyong-Sik
    • Proceedings of the Safety Management and Science Conference
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    • 2005.11a
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    • pp.19-29
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    • 2005
  • Since 1980's, many enterprises have constructed Strategy Information System and tried BPR, ISP. Also, they implemented ERP and practiced the Process Innovation and Six Sigma for Management Innovation in todays, Although most companies had provious good plans, but those are not satisfied. Because of failed to change management and continued next activity. Many Project for Process innovation are ended as disposal project in many case, if they want next project, they need a new plan which needs additional fund and re source. This paper studied Process Innovation and Six Sigma in many things and proposed new model for continued project on the master plan. Also it proposed next study subject about ERP Optimization and Harmonization after implemented ERP which is considered as next step of PI.

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Weight Vector Analysis to Portfolio Performance with Diversification Constraints (비중 상한 제약조건에 따른 포트폴리오 성과에 대한 투자 비중 분석)

  • Park, Kyungchan;Kim, Hongseon;Kim, Seongmoon
    • Korean Management Science Review
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    • v.33 no.4
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    • pp.51-64
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    • 2016
  • The maximum weight of single stock in mutual fund is limited by regulations to enforce diversification. Under incomplete information with added constraints on portfolio weights, enhanced performance had been reported in previous researches. We analyze a weight vector to examine the effects of additional constraints on the portfolio's performance by computing the Euclidean distance from the in-sample tangency portfolio, as opposed to previous researches which analyzed ex-post return only. Empirical experiment was performed on Mean-variance and Minimum-variance model with Fama French's 30 industry portfolio and 10 industry portfolio for the last 1,000 months from August 1932 to November 2015. We find that diversification-constrained portfolios have 7% to 26% smaller Euclidean distances with the benchmark portfolio compared to those of unconstrained portfolios and 3% to 11% greater Sharpe Ratio.

An Analysis of the Factors Determining Salary Level of Hospital (간호사의 임금수준 결정요인에 관한 연구)

  • Park, Hee-Ok
    • Journal of Korean Academy of Nursing Administration
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    • v.14 no.4
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    • pp.467-476
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    • 2008
  • Purpose: The purpose of this study was to examine the factors determining salary level of hospital. Methods: This study performed secondary analysis on the existing data. Data were collected from May 1, 2005 to September 30, 2005. Analysis of the results was carried out using SPSS win 12.0 program for t-test, ANOVA and multiple regression. Results: For the determinant factors on the level of nurse's salary, the R2 for this whole regression model was .72, indicating that approximately 72% of the variance in salary level of the nurses was accounted for by the linear combination of these three independent variables, the size of hospitals, the characteristics of a fund, and nursing delivery system. Conclusion: Salary is a major part of human resource management and is compensation for the labor of nurses and is a motive to nurses. Each hospital's salary needs to be more affordable to nurses.

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Must-have for Crowd-funding Projects: Credibility

  • Wang, Huaxin;Kim, Taekyung
    • Asia pacific journal of information systems
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    • v.26 no.1
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    • pp.109-123
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    • 2016
  • The success of a crowd-funding project can be attributed to various reasons, among which, backer's (also known as 'investor', or 'funder') perception of project credibility may be a salient one. The purpose of this study is to investigate the extent to which perceived project credibility can affect a backer's investment decision. We examine the factors that could influence the building of perceived project credibility by testing the proposed research model using survey data. Analysis results indicate that perceived project credibility has a significantly positive effect on backer's investment intention. Furthermore, information quality and source credibility are two key determinants of perceived project credibility. This study contributes to crowd-funding literature by enriching the list of successful factors for fund-raising with project credibility. The study also has practical implications because it explains why and how a backer's perception of project credibility can be improved.

A Microeconomic Analysis on Terrorism and Anti-terror Policies (테러와 테러정책에 대한 미시경제학적 분석)

  • Choe, Hyo-Cheol
    • Journal of National Security and Military Science
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    • s.2
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    • pp.201-235
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    • 2004
  • This paper provides a simple microeconomic model of terrorist attcks and anti-terrorism policies. The terrorists can be characterised as rational actors, choosing between legal activities and terrorist activities to promote their political goals. Since their resources are limited, one can think of anti-terrorist policies by examining how such policies affect the objectives and constraints of terrorists. Deterrence policy seeks to reduce terrorist attacks by raising the cost of undertaking terrorist acts. Proactive policy aims at preventing attacks by destroying terrorists' resources (fund, personnel, leadership). This paper suggests another type of anti-terrorist policy which is to reduce the benefits of (or in other words, raising the opportunity costs of) terrorist acts. Such a policy is based on decentralisation in political decision-making and economic power.

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A study on the Strategy for Management Business Innovation and Information System in Next generation(Focued on PI & Six Sigma) (차세대 경영혁신 및 정보시스템 구축 전략에 관한 연구(PI & 6시그마 중심으로))

  • Park, Jong-Ki;Kang, Kyong-Sik
    • Journal of the Korea Safety Management & Science
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    • v.8 no.5
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    • pp.119-130
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    • 2006
  • Since 1980's, many enterprises have constructed Strategy Information System and tried BPR, ISP. Also, they implemented ERP and practiced the Process Innovation and Six Sigma for Management Innovation in todays. Although most companies had previous good plans, but those are not satisfied. Because of failed to change management and continued next activity. Many Project for Process innovation are ended as disposal project in my case, if they want next project, they need a new plan which needs additional fund and resource. This paper studied Process Innovation and Six Sigma in many things and proposed new model for continued project on the master plan. Also it proposed next study subject about ERP Optimization and Harmonization after implemented ERP which is considered as next step of PI.

Self-consistent electronic structure of impurities using the recursion method

  • Park, Jin-Ho;Cho, Hwa-Suck;Lee, Gun-Woo
    • Journal of Korean Vacuum Science & Technology
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    • v.2 no.1
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    • pp.13-19
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    • 1998
  • We have calculated the electronic structure of impurity atoms in metal host by using the tight binding model in the recursion method. For a self-consistent calculation, we assumed that the effect of impurity introduction was localized only at the impurity site and its neighbours. We calculated the Madelung term by limiting the contribution to Vm of the charge perturbations to the first shell around the impurity with Evjen technique. The calculated local density of states and charge transfer values have been compared with the experimental values for a single impurity in metal host. We fund that d-reso-nance state came from the repulsive interaction between impurity d-state and host band, and the position of d-resonance state depended on the difference of valence electrons between the host and the impurity. the results also showed that the charge transfer value between an impurity and host metal was comparable to the ionicity difference between them.