• 제목/요약/키워드: Investment Evaluation Model

검색결과 263건 처리시간 0.027초

Global Construction Competitiveness Evaluation in 2016

  • Park, Hwanpyo;Han, Jaegoo
    • 국제학술발표논문집
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    • The 7th International Conference on Construction Engineering and Project Management Summit Forum on Sustainable Construction and Management
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    • pp.1-7
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    • 2017
  • Korea's domestic construction market and overseas construction order environment are experiencing a decreasing trend, and this trend is expected to continue. Therefore, domestic construction companies are seeking to enter the global construction market. This study analyzes the global construction market and the global competitiveness for global construction companies and provides the results. To this end, this study has developed a model to evaluate the global construction competitiveness level and to evaluated global construction competitiveness in 2016. The evaluation of global construction competitiveness was analyzed based on the competitiveness of construction infrastructure by country, and the evaluation results of competitiveness of construction companies. These assessments were based on 20 detailed international statistics (ENR, Global Insight, Compass, etc.). The evaluation results are as follows. First, in regard to the comprehensive global construction competitiveness by country, America ranked first among 20 countries, followed by China. European countries like Spain, Germany and the Netherlands ranked third to fifth, respectively. Korea ranked sixth, one rank higher than that of the previous year. America and European countries remain strong. Second, in regard to the comprehensive building infrastructure competitiveness by country, America ranked first followed by Germany. Korea ranked twelfth, which is the same rank as that of the previous year. When it comes to stability in the construction market, China ranked first and Korea eighth. For construction systems, Sweden ranked first and Korea thirteenth, and for infrastructure, Japan ranked first and Korea tenth. Third, according to the construction company's capability evaluation by country, America ranked first followed by China. Korea ranked fourth, two ranks higher than that of the previous year because of its building competitiveness (fifth → fourth) and design competitiveness (eleventh → eighth) which has improved. When it comes to building competitiveness, China ranked first and Korea fourth. For design competitiveness, America ranked first and Korea eighth, and for price competitiveness, India ranked first and Korea seventh. However, Korea is still in the middle of the pack rank among the 20 countries considered when it comes to design competitiveness. It is ranked eleventh for design productivity and thirteenth for foreign sales against the total sales (internationalization). Thus, Korea needs to improve technical power and tap into new markets for improved competitiveness, including increased productivity. To do so, more R&D investment is required.

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한국의 신재생에너지 정책의 평가모델 개발 : RPS 및 FIT를 중심으로 (Development of Evaluation Model for the Korean New & Renewable Energy Policies : Focusing on RPS & FIT)

  • 최종재;황찬규;문채주
    • 한국전자통신학회논문지
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    • 제8권9호
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    • pp.1333-1342
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    • 2013
  • 신재생에너지산업의 발전은 에너지원의 문제를 해결하기 위한 필수적인 과제라 할 수 있다. 이에 따라 세계 각국에서 신재생에너지산업을 위해 적극적으로 움직이고 있다. 신재생에너지산업은 아직 산업기반이 약하고, 산업의 특성상 규모의 경제 및 기술개발을 위한 초기 투자가 필요한 경우가 많다. 따라서, 신재생에너지산업을 육성하기 위한 정책이 실행되고 있는데 우리나라 뿐만 아니라 많은 나라에서 대표적으로 실행하는 정책이 RPS와 FIT 정책이다. 신재생에너지산업은 다양한 이해관계와 경제, 사회, 환경, 국제 등의 변수를 동시에 가지고 있으므로 이를 종합적으로 고려한 정책이 필요하다. 신재생에너지산업의 경우 평가의 지표에 해당하는 부분이 많고 고려되어야 할 변수가 많으나, 이를 모두 고려하기 힘들고 고려한다 하더라도 일관된 기준이 마련되어 있지 않은 상황이다. 따라서, 본 연구에서는 신재생에너지정책을 평가하기 위한 평가지표를 개발, 제시한다.

투자자별 거래정보와 머신러닝을 활용한 투자전략의 성과 (Performance of Investment Strategy using Investor-specific Transaction Information and Machine Learning)

  • 김경목;김선웅;최흥식
    • 지능정보연구
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    • 제27권1호
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    • pp.65-82
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    • 2021
  • 주식시장에 참여하는 투자자들은 크게 외국인투자자, 기관투자자, 그리고 개인투자자로 구분된다. 외국인투자자 같은 전문투자자 집단은 개인투자자 집단과 비교하여 정보력과 자금력에서 우위를 보이고 있으며, 그 결과 시장 참여자들 사이에는 외국인투자자들이 좋은 투자 성과를 보이는 것으로 알려져 있다. 외국인 투자자들은 근래에는 인공지능을 이용한 투자를 많이 하고 있다. 본 연구의 목적은 투자자별 거래량 정보와 머신러닝을 결합하는 투자전략을 제안하고, 실제 주가와 투자자별 거래량 데이터를 이용하여 제안 모형의 포트폴리오 투자 성과를 분석하는 것이다. 일별 투자자별 매수 수량과 매도 수량 정보는 한국거래소에서 공개하고 있는 자료를 활용하였으며, 여기에 인공신경망을 결합하여 최적의 포트폴리오 전략을 도출하고자 하였다. 본 연구에서는 자기 조직화 지도 모형 인공신경망을 이용하여 투자자별 거래량 데이터를 그룹화하고 그룹화한 데이터를 변환하여 오류역전파 모형을 학습하였다. 학습 후 검증 데이터 예측결과로 매월 포트폴리오 구성을 하도록 개발하였다. 성과 분석을 위해 포트폴리오의 벤치마크를 지정하였고 시장 수익률 비교를 위해 KOSPI200, KOSPI 지수 수익률도 구하였다. 포트폴리오의 동일배분 수익률, 복리 수익률, 연평균 수익률, MDD, 표준편차, 샤프지수, 벤치마크로 지정한 시가총액 상위 10종목의 Buy and Hold 수익률 등을 사용하여 성과 분석을 진행하였다. 분석 결과 포트폴리오가 벤치마크 대비 2배 수익률을 올렸으며 시장 수익률보다 좋은 성과를 보였다. MDD와 표준편차는 포트폴리오와 벤치마크가 비슷한 결과로 성과 대비 비교한다면 포트폴리오가 좋은 성과라고 할 수 있다. 샤프지수도 포트폴리오가 벤치마크와 시장 결과보다 좋은 성과를 내었다. 이를 통해 머신러닝과 투자자별 거래정보 분석을 활용한 포트폴리오 구성 프로그램 개발의 방향을 제시하였고 실제 주식 투자를 위한 프로그램 개발에 활용할 수 있음을 보였다.

논문 - 지속가능한 농어촌 지역개발을 위한 정책 방향 연구 (A Study on the Policy Directions to Sustainable Rural Development)

  • 임상봉;정해창
    • 한국관개배수논문집
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    • 제18권2호
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    • pp.101-110
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    • 2011
  • There are found rare specific alternatives for sustainable rural development although sustainable development has become popular common concept in international development arena. Korea is trying to reform rural development by introducing a block grants system since 2009 expecting for the efficiency of development investment. However, it seems that such new rural development system is far from realizing the sustainable development. The objectives of the study are to identify the roles and issues of the sustainable development policy and to suggest a policy model for realizing sustainable rural development. Based on the policy model hypothetically established, some policy alternatives were suggested: (i) the establishment of land use system considering sustainability perspectives; (ii) the preparation of environment management measures considering topographical traits; (iii) the improvement of landscape support scheme toward increasing biodiversity; (iv) the systematic implementation of agriculture-environment measures; (v) the implementation of sustainable development projects linking production to housing; (vi) the inclusion of sustainability indicators in rural development evaluation system.

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용량모수 평가체계 (Systematic Parameter Analysis for Line Capacity)

  • 김동희;홍순흠;이원순;조민영
    • 한국철도학회:학술대회논문집
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    • 한국철도학회 2003년도 추계학술대회 논문집(II)
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    • pp.326-333
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    • 2003
  • Railway system is consisted of resources such as rail-line, signalling system, and railcars. It is necessary to efficiently utilize these limited and expensive resources as much as possible up to given line capacity. So far, we treat the line capacity as the criteria for evaluating investment alternatives or for restricting train frequencies, and this criteria is calculated statical and experimental numerical formula. But, line capacity has special attribute that changes dynamically according to operational conditions, so there is a need of new line capacity estimation system. In this paper, we present systematic line capacity analysis model. The proposed model has three main components; TPS(tain performance simulator), PES(parameter evaluation simulator), LCS(line capacity simulator).

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Performance Evaluation of SME Banking in Bangladesh using Stochastic Frontier Analysis

  • Hossain, M.K.;Hossain, M.A.;Baten, M.A.
    • 아태비즈니스연구
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    • 제7권1호
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    • pp.31-42
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    • 2016
  • Small and Medium Enterprises (SMEs) are suitable to provide employment with lower investment in densely populated countries like Bangladesh. A stochastic frontier model is used to evaluate performance of SME Banking of the commercial banks in Bangladesh. Input (Total Deposit, Cost of Fund and Salary Expenditure) and output (Finance to SME) data are collected on 45 banks which are dealt with SME for 13 quarters from $1^{st}$quarter of 2010 to $2^{nd}$quarter of 2013. Average performance of the SME banking is 0.716 in Bangladesh. That is, banks have opportunity to increase 30% performance in SME banking from the same inputs. Bangladesh Development Bank has lowest performance (0.540) while Eastern bank has the highest performance (0.753). Highest (0.743) and lowest (0.662) performance is observed during the second quarter of 2013 and fourth quarter of 2010 respectively. Inefficient Bank might be benefited by following the rules of efficient banks.

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문화(文化)콘텐츠기업(企業) 가치평가(價値評價)를 위한 할인율(割引率) 결정(決定)에 관한 연구(硏究) (A Study on Discount/Capitalization Rates for Valution of Culture Content Enterprises)

  • 김인철;주형근
    • 디지털융복합연구
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    • 제3권1호
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    • pp.115-148
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    • 2005
  • This study is intended to suggest a more reasonable and practical method of estimating discount & capitalization rate for valuation of closely-held culture content business, that is, to modify the Buildup Summation Model(which is recommended for the closely-held business by the NACVA) by adopting the weighted ratings in the CT Project Investment Evaluation of the Korea Culture Contents Association to risk factors of the Buildup Summation Model. This method is ease to apply for closely-held culture content business and has advantages in applying the weighted rates based on the characteristics of respective culture contents. And it can make up for the Weighted Average Cost of Capital (WACC) which shows generally low discount rates.

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인공지능기법을 이용한 기업부도 예측 (Forecasting Corporate Bankruptcy with Artificial Intelligence)

  • 오우석;김진화
    • 산업융합연구
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    • 제15권1호
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    • pp.17-32
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    • 2017
  • The purpose of this study is to evaluate financial models that can predict corporate bankruptcy with diverse studies on evaluation models. The study uses discriminant analysis, logistic model, decision tree, neural networks as analyses tools with 18 input variables as major financial factors. The study found meaningful variables such as current ratio, return on investment, ordinary income to total assets, total debt turn over rate, interest expenses to sales, net working capital to total assets and it also found that prediction performance of suggested method is a bit low compared to that in literature review. It is because the studies in the past uses the data set on the listed companies or companies audited from outside. And this study uses data on the companies whose credibility is not verified enough. Another finding is that models based on decision tree analysis and discriminant analysis showed the highest performance among many bankruptcy forecasting models.

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DEA를 이용한 공기업 고유사업의 성과평가 (The Performance Evaluation on Unique Business of Public Enterprise using the DEA Model)

  • 이상철;서영호;박상찬;문재영
    • 품질경영학회지
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    • 제37권3호
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    • pp.65-73
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    • 2009
  • This research analyzes results and efficiency to promote a government enterprise of A Korean public enterprise to use DEA. Especially, we were used analysis efficiency which are one is year-on-year, another is integrated, and the other is vertical analysis. As a results of integrated analysis show that Gyeonggi_2003 Gyeonggi_2004, Gangwon_2004, Chungcheon-Bukdo_2003, Chungcheon-Bukdo_2004, Cholla-Namdo_2005, and Kyongsang-Bukdo_2003 need to improve upon. Year-on-year analysis result that Gyeonggi, Gangwon, and Kyongsang-Bukdo need urgent improvement. Today, many advanced countries approach not only agricultural investment but also synthetic investment because they believe that agriculture contains living space including food control. Therefore, when the government make a strategic plan for the land and water development in the field of agriculture, they should prepare it well including the proper measures to cope with the internal and external environments.

중소기업을 위한 지식서비스 수요 조사 모형 개발 (The development of knowledge service needs assessment model for small and medium-sized businesses)

  • 맹윤호;유선희;서진이
    • 지식경영연구
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    • 제16권4호
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    • pp.169-190
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    • 2015
  • The status of small and medium-sized enterprises has been changed into more independent business entities rather than simply subcontractor so that the utilization of specialized knowledge has been much more necessary for the survival in the market. However, small and medium-sized enterprises, it is difficult to sufficient investment in knowledge services due to limited resources relative to large enterprises and demand for knowledge services business of government support is growing. For this reason, it is important to measure accurately the demand for knowledge services of small and medium-sized enterprises in knowledge management for effective utilization of knowledge service. In this study, we analyzed previous studies on small and medium-sized enterprises knowledge services that can be utilized in a comprehensive way. As a result, we developed knowledge service needs assessment model based on five critical success factors for continual growth and 12 types of knowledge service. This model has been modified and supplemented through expert meeting using delphi research method and topic modeling analysis using secondary data. This study is attempted to appropriately measure necessary knowledge services for small and medium-sized enterprises so that generated the evaluation model of knowledge service demands, comprehensively dealing with core knowledge services for many kinds of business entities. It is expected that the developed model will be a useful tool to understand and evaluate knowledge services demands of enterprises.