• Title/Summary/Keyword: First-and Second-Order Sensitivity

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Effects of CEO's Self-Determination on Start-up Entrepreneurship and Business Performance in Service and Distribution SMEs

  • SHIN, Hyang-Sook;BAE, Jee-Eun
    • The Korean Journal of Franchise Management
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    • v.11 no.4
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    • pp.31-44
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    • 2020
  • Purpose: The purpose of this study is to examine the effects of CEO's self-determination on entrepreneurship, business performance (operational and financial performance). Also, this research provide some strategic insights for improving business performance. In the proposed model, self-determination consists of autonomy, competence, and relatedness, and entrepreneurship consists of innovation, initiative and risk sensitivity, and proactiveness. More specifically, this study proposes a framework that entrepreneurship and operational performance will play mediating roles between self-determination and financial performance. Research design, data, methodology: In this study, an online survey was conducted on SME CEOs for analysis, and a total of 122 samples were used. In the analysis process for hypothesis verification and evaluation, frequency analysis was first performed to identify the demographic characteristics of the respondents, and confirmatory factor analysis was conducted to assess the reliability and validity of the measurement model. In addition, a structural model analysis was conducted to examine the structural relationships between CEO's self-determination, entrepreneurship, and business performance (operational and financial performance) using SmartPLS 3.0. Results: The findings and summary are as follows. First, the autonomy of self-determination has a positive effect on entrepreneurship. Second, the competence of self-determination affects entrepreneurship and operational performance. Third, it affects the innovation, initiative and risk sensitivity of the CEO's entrepreneurship, and ultimately, its operational performance. The results show that the business performance of Start-up also increases when self-determination can be a factor in increasing entrepreneurship in three sub-dimensionalities. Conclusions: The conclusion of this study is that in order for SMEs to develop into a sustainable company by securing competitiveness after start-up, external motivation such as external help and support from the state (local government) is important, but competence and relationship, which are components of self-determination. The intrinsic motivation of the CEO may be more important. To this end, CEO's should prioritize learning for competency development, and the government should pay attention to providing various educational programs through establishment of education policies and education systems to enhance the competency of start-up CEO's.

Stochastic buckling quantification of porous functionally graded cylindrical shells

  • Trinh, Minh-Chien;Kim, Seung-Eock
    • Steel and Composite Structures
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    • v.44 no.5
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    • pp.651-676
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    • 2022
  • Most of the experimental, theoretical, and numerical studies on the stability of functionally graded composites are deterministic, while there are full of complex interactions of variables with an inherently probabilistic nature, this paper presents a non-intrusive framework to investigate the stochastic nonlinear buckling behaviors of porous functionally graded cylindrical shells exposed to inevitable source-uncertainties. Euler-Lagrange equations are theoretically derived based on the three variable refined shear deformation theory. Closed-form solutions for the shell buckling loads are achieved by solving the deterministic eigenvalue problems. The analytical results are verified with numerical results obtained from finite element analyses that are conducted in the commercial software ABAQUS. The non-intrusive framework is completed by integrating the Monte Carlo simulation with the verified closed-form solutions. The convergence studies are performed to determine the effective pseudorandom draws of the simulation. The accuracy and efficiency of the framework are verified with statistical results that are obtained from the first and second-order perturbation techniques. Eleven cases of individual and compound uncertainties are investigated. Sensitivity analyses are conducted to figure out the five cases that have profound perturbative effects on the shell buckling loads. Complete probability distributions of the first three critical buckling loads are completely presented for each profound uncertainty case. The effects of the shell thickness, volume fraction index, and stochasticity degree on the shell buckling load under compound uncertainties are studied. There is a high probability that the shell has non-unique buckling modes in stochastic environments, which should be known for reliable analysis and design of engineering structures.

The Effect of Social Workers' Perception about Ethical Issue and Contents on Their Job Attitude (사회복지사의 윤리 요인 인식이 직무태도에 미치는 영향)

  • Jun, Oh-Jin;Park, Sun-Hwa;Park, Hyun-Sik
    • The Journal of the Korea Contents Association
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    • v.15 no.8
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    • pp.236-257
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    • 2015
  • This study was conducted in order to examine how ethical climate, ethical sensitivity, and moral distress influence social workers' job satisfaction, burnout, and turnover intention. First, social workers' perception of ethical climate in their organization enhanced job satisfaction and lowered turnover intention, but its association with burnout was not statistically significant. Second, ethical sensitivity was found to have a positive effect on job satisfaction, and to increase burnout and turnover intention. Third, moral distress, which is induced by social workers' direct experiences, was found to lower job satisfaction and increase burnout and turnover intention.

Influence of infill panels on an irregular RC building designed according to seismic codes

  • Ercolino, Marianna;Ricci, Paolo;Magliulo, Gennaro;Verderame, Gerardo M.
    • Earthquakes and Structures
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    • v.10 no.2
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    • pp.261-291
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    • 2016
  • This paper deals with the seismic assessment of a real RC frame building located in Italy, designed according to the current Italian seismic code. The first part of the paper deals with the calibration of the structural model of the investigated building. The results of an in-situ dynamic identification test are employed in a sensitivity and parametric study in order to find the best fit model in terms of frequencies and modal shapes. In the second part, the safety of the structure is evaluated by means of nonlinear static analyses, taking into account the results of the previous dynamic study. In order to investigate the influence of the infills on the seismic response of the structure, the nonlinear static analyses are performed both neglecting and taking into account the infill panels. The infill panels differently change the behavior of the structure in terms of strength and stiffness at different seismic intensity levels. The assessment study also verifies the absence of brittle failures in structural elements, which could be caused by either the local interaction with infills or the failure of the strength hierarchy.

Interaction Metal Ions with NADH Model Compounds. Cupric Ion Oxidation of Dihydronicotinamides

  • Park, Joon-Woo;Yun, Sung-Hoe;Koh Park, Kwang-Hee
    • Bulletin of the Korean Chemical Society
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    • v.9 no.5
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    • pp.298-303
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    • 1988
  • Kinetic studies on cupric ion ($Cu^{2+}$) oxidation of 1-benzyl- and 1-aryl-1,4-dihydronicotinamides (XNAH) in aqueous solution were performed. In the presence of dioxygen ($O_2$), the reaction followed first order kinetics with respect to both XNAH and $Cu^{2+}$. The oxidation reaction was found to be independent and parallel to the acid-catalyzed hydration reaction of XNAH. The catalytic role of $Cu^{2+}$ for the oxidation of XNAH in the presence of $O_2$ was attributed to $Cu^{2+}/Cu^+$ redox cycle by the reactions with XNAH and $O_2$. The second order rate constants of the Cu2+ oxidation reaction kCu, and acid-catalyzed hydration reaction $k_H$ were strongly dependent on the nature of the substituents in 1-aryl moiety. The slopes of log $k_{Cu}$ vs log $K_H$ and log $k_{Cu}$ vs ${\sigma}_p$ of the substituents plots were 1.64 and -2.2, respectively. This revealed the greater sensitivity of the oxidation reaction rate to the electron density on the ring nitrogen than the hydration reaction rate. A concerted two-electron transfer route involving XNAH-$Cu^{2+}$ complex was proposed for mechanism of the oxidation reaction.

Failure Probability Estimation of Steam Generator Tube Containing Axial Through-Wall Crack (축방향 관통균열이 존재하는 증기발생기 세관의 파손확률 예측)

  • Moon Seong In;Lee Sang Min;Bae Sung Ryul;Chang Yoon Suk;Hwang Seong Sik;Kim Joung Soo;Kim Young Jin
    • Journal of the Korean Society for Precision Engineering
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    • v.22 no.10 s.175
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    • pp.137-143
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    • 2005
  • The integrity of steam generator tubes in nuclear power plant should be maintained sufficiently during operation. For sake of this, complicated assessment procedures are required such as fracture mechanics analysis, etc. The integrity assessment of tubes has been performed by using conventional deterministic approaches while there are many uncertainties to carry out a rational evaluation. In this respect, probabilistic integrity assessment is considered as an alternative method for integrity assessment. The objectives of this study are to develop an integrity assessment system based on probabilistic fracture mechanics and to predict the failure probability of steam generator tubes containing an axial through-wall crack. The developed integrity assessment system consists of three evaluation modules, which apply first order reliability method, second order reliability method and Monte Carlo simulation method, respectively. The system has been applied to predict failure probability of steam generator tubes and the estimation results showed a promising applicability of the probabilistic integrity assessment system.

The Improvement of Summer Season Precipitation Predictability by Optimizing the Parameters in Cumulus Parameterization Using Micro-Genetic Algorithm (마이크로 유전알고리즘을 이용한 적운물리과정 모수 최적화에 따른 여름철 강수예측성능 개선)

  • Jang, Ji-Yeon;Lee, Yong Hee;Choi, Hyun-Joo
    • Atmosphere
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    • v.30 no.4
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    • pp.335-346
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    • 2020
  • Three free parameters included in a cumulus parameterization are optimized by using micro-genetic algorithm for three precipitation cases occurred in the Korea Peninsula during the summer season in order to reduce biases in a regional model associated with the uncertainties of the parameters and thus to improve the predictability of precipitation. The first parameter is the one that determines the threshold in convective trigger condition. The second parameter is the one that determines boundary layer forcing in convective closure. Finally, the third parameter is the one used in calculating conversion parameter determining the fraction of condensate converted to convective precipitation. Optimized parameters reduce the occurrence of convections by suppressing the trigger of convection. The reduced convection occurrence decreases light precipitation but increases heavy precipitation. The sensitivity experiments are conducted to examine the effects of the optimized parameters on the predictability of precipitation. The predictability of precipitation is the best when the three optimized parameters are applied to the parameterization at the same time. The first parameter most dominantly affects the predictability of precipitation. Short-range forecasts for July 2018 are also conducted to statistically assess the precipitation predictability. It is found that the predictability of precipitation is consistently improved with the optimized parameters.

Economic Benefits of Implementing National Health Insurance by Measurement of Changes in the Consumer's Surplus (전국민 의료보험 실시에 따른 사회전체 순편익 분석)

  • Kim, Han-Joong;Lee, Hae-Jong
    • Journal of Preventive Medicine and Public Health
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    • v.22 no.3 s.27
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    • pp.398-405
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    • 1989
  • A change in the consumer's surplus was measured in order to evaluate the social benefit to be derived from expanding health insurance to the entire population. The most refined and correct way to measure a project's net benefit to society is to determine a change in the consumer's surplus. Benefits from introducing the health insurance program to the uninsured people can be classified into two elements. The first is the pricing-down effect(E1) which results from applying the insurance price system, which is lower than the actual price, to the uninsured patients. The second effect(E2) is a decrease in actual payment because an insured patient pays only a portion of the total medical bill(copayment). We collected medical price information from the data banks of 93 hospitals, and obtained information of medical utilization by referring to the results of other research and from data published by the Korean Medical Insurance Societies. The total net benefit was estimated as \214 billion, comprising the first effect(E1) of \57 billion and the second effect(E2) of \157 billion. The price elasticity of physician visits is less than that of hospital admissions: however, benefits from the increase in physician visits are greater than those from hospital admissions because there are considerably more of physician visits than hospital admissions. The sensitivity analysis also shows the conclusion that expansion of the health insurance program to the entire population would result in a positive net benefit. Therfore, we conclude that the National Health Insurance Program is socially desirable.

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Human Rights Sensitivity of University Varsity Teams (대학운동부의 인권감수성)

  • Kim, Eon-Hye;Chang, Ik-Young
    • Journal of Korea Entertainment Industry Association
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    • v.14 no.8
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    • pp.427-436
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    • 2020
  • This study aims to understand human rights sensibility in university varsity teams and to compare and analyze differences in human rights sensibility by variables related to university varsity teams. In order to achieve the purpose of this study, 188 student-athletes from 10 universities were selected. The collected data were analyzed in descriptive analysis, reliability analysis, one-way ANOVA, Scheffe using IBM SPSS 24.0. First, based on the episodes, the episodes with the highest human rights sensitivity are the right to labor of migrant workers and happiness rights, and the episodes with the lowest human rights sensitivity are the right to freedom of detention and privacy rights. In addition, among the sub-factors of human rights sensitivity, perception of responsibility and perception of behavior are higher than perception of outcome. Second, there are differences in the human rights sensitivity of the university varsity team depending on the size and the level of performance of the university varsity team. Third, there are differences in the human rights sensibility of the university varsity team depending on the educational characteristics (volunteer activity and human rights education) of the university varsity team.

The Impact of Corporate Governance on the Relationship between CSR and Managers' Compensation-Performance Sensitivity (CSR과 경영자성과보상민감도 사이의 관계에 기업지배구조가 미치는 영향)

  • Hwang, Seong-Jun;Ryu, Su-Jeon
    • Journal of Digital Convergence
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    • v.19 no.3
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    • pp.151-160
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    • 2021
  • The purpose of this study is to analyze the impact of CSR on the managers' compensation-performance sensitivity, and to determine whether there are differences in this relationship as the governance structure is more efficient. The sample for analysis was from KOSPI-listed companies in 2011-2017, and regression analysis was performed to confirm the relevance. The results are as follows: First, in CSR company, there was a negative relationship for managers' compensation-accounting performance sensitivity and a positive relationship for managers' compensation-stock performance sensitivity. Second, CSR and the managers' compensation-performance sensitivity vary depending on the type of corporate governance. In CSR companies, when the corporate governance is effective, the managerial compensation system generally complements each other. These results suggest that there is a need to design an effective manager's compensation system within the company in order to induce managers' decision-making in the direction of increasing shareholder profits in a long-term perspective in CSR companies. In addition, if we identify the relationship with the governance structure and reduce or improve the devices that overlap each other, it is believed that it will contribute to enhancing corporate value.