• 제목/요약/키워드: Investment Process

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확실성하의 순차적 투자과정에서의 PV/FI 투자대안 결정 모형 (PV/FI Model in Sequential Investment Process under Certainty)

  • 민계료
    • 한국국방경영분석학회지
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    • 제9권1호
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    • pp.15-28
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    • 1983
  • In sequential capital allocation processes, the information on the future availability (flexibility) of invested funds provides a decision maker with additional insight into the characteristics of alternatives. The investment decision with consideration of flexibility and profitability results in more wealth accumulation than the decision without considering flexibility does in sequential investment processes. To utilize the information on the flexibility under certainty, the PV/FI decision model is developed.

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한국과 대만 반도체기업들의 중국내 직접투자 배경과 과정에 대한 비교사례연구: 공장설립 투자를 중심으로 (A Comparative Case Study on Taiwanese and Korean Semiconductor Companies' Background and Process of Direct Investment in China: Focused on Investment of Factory Facility)

  • 권영화
    • 국제지역연구
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    • 제20권2호
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    • pp.85-111
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    • 2016
  • 최근, 글로벌 반도체기업들의 중국내 직접투자가 지속적으로 증가하고 있다. 특히, 중국내에서 제조를 위한 공장설립이 늘고 있으며, 이는 저렴한 인건비를 활용하기 위한 차원보다는 늘어나는 중국내 수요에 대응하려 투자하고 있다. 이에 따라 본 연구에서는 한국과 대만 글로벌 반도체기업들에 대한 중국내 직접투자 배경과 과정에 대해서 살펴보았다. 조사결과 삼성반도체는 1996년 Suzhou에 후 공정 공장을 설립하였으나 전 공정의 일괄생산방식으로 투자한 것은 2014년 Xian공장이었다. 그리고 SK하이닉스는 2006년 Wuxi에 처음 공장을 설립하였으며 이후 2009년 중국기업과 합작으로 후 공정 공장인 Hitech Semiconductor를 설립하였고 이어 2015년 Chongqing에 후 공정 공장을 설립하였다. 아울러 TSMC는 2004년 Shanghai에서 처음 공장을 가동하였으며 나아가 2018년에 Nanjing공장이 완공예정이다. 마지막으로 UMC는 2000년대 초반 중국 현지기업인 HJT에 지분을 소유하는 방식으로 중국에 진출하였으며, 이후 직접투자로 빠르면 2016년 말 Xiamen공장이 완공된다. 결과적으로 각사 대부분은 주로 중국시장을 공략하기 위한 목적으로 중국에 공장설립을 한 것으로 나타났으나 이외에도 삼성반도체는 리스크 관리 그리고 SK하이닉스는 상계관세를 회피하기 위한 목적이 있었다. 본 연구결과를 토대로 다른 반도체기업들에 차후 중국내 직접투자에 있어 도움이 되는 전략적 시사점들을 제시하였다.

New Barrier Rib Forming Method for PDP Fabrication

  • Kim, I.T.;Cho, C.R.;Koo, B.J.;Lee, S.H.;Kong, S.S.;Kim, W.B.;Mun, J.D.;Hwang, K.T.;Kim, J.D.
    • 한국정보디스플레이학회:학술대회논문집
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    • 한국정보디스플레이학회 2003년도 International Meeting on Information Display
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    • pp.351-355
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    • 2003
  • In this paper, a new barrier rib forming method of embossed barrier rib (EBR) formation process for the PDP rear panel was introduced. The process is mainly composed of green sheet fabrication, lamination of the green sheet on the rear glass panel having data electrodes, and roll embossing followed by firing. The EBR process has two advantages over the conventional barrier rib forming methods. One is the process requires less equipment investment than the conventional methods by about 20% of the current rear panel fabrication equipment investment owing to the simplified fabrication process. The other advantage is its reduced rear panel manufacturing cost by eliminating the time consuming and complicated processes and waste of materials in the conventional methods. In this study, general procedure of EBR fabrication process is described and the characteristics of prototype PDP using EBR panel are discussed.

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연속적으로 투자가 이루어지는 보험상품 리스크 모형의 추가 연구 (Further study on the risk model with a continuous type investment)

  • 최승경;이의용
    • 응용통계연구
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    • 제31권6호
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    • pp.751-759
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    • 2018
  • Cho 등 (Communications for Statistical Applications and Methods, 23, 423-432, 2016)은 잉여금이 적정수준에 이르면 연속적으로 투자가 이루어지는 보험상품 리스크 모형을 소개하고, 잉여금 과정의 정상분포함수를 연구하였다. 본 논문에서는 잉여금이 적정수준을 넘어 또 다른 충분한 수준에 이르게 되면 추가로 즉시 투자가 이루어진다고 가정하고 기존의 연구를 확장한다. 잉여금 과정의 정상분포함수를 명확히 구하고, 보험청구액의 분포가 지수분포인 경우를 예제로 다룬다.

다목적선형계획법을 이용한 한국 정보통신 기술분야별 R&D 투자규모결정 모형개발 및 사례연구 (R&D Investment Model for the Information and Telecommunications Technology by Multiple Objective Linear Programming)

  • 이동엽
    • 경영과학
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    • 제16권1호
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    • pp.63-74
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    • 1999
  • This paper presents a R&D investment model for the Information and telecommunications(l&T) technology using multiple objective linear programming(MOLP). The MOLP model involves the simultaneous maximization of three linear objective functions associated with three criteria, which are social, technological, and economic criterion. This model is different from the traditional one which only involves the maximization of economic criterion. It yields a suitable R&D investment ratio to each technology field. Its application to the National R&D Project in l&t Industry is also presented. In this application, the Analytic Hierarchy Process(AHP) is proposed to estimate the weights, which used as the coefficients in each objective function of the MOLP model. Then the problem is solved using the interactive method STEM. It is showed that with the aid of STEM, the MOLP model can be useful decision aid in formulation R&D investment plan in l&t industry. It is expected that the MOLP model works as the basis for planning R&D investment strategy in l&T industry.

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상업용 빌딩의 효율적 신축 및 수익률에 관한 연구 : 대전광역시 유성구 소재 빌딩신축 사례를 중심으로 (A Study on the Efficient Construction of Commercial Building and Its Rate of Return : Centered on the Case of Building Construction in Yuseong-gu, Daejeon Metropolitan City)

  • 민창기;이동형
    • 산업경영시스템학회지
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    • 제35권4호
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    • pp.219-226
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    • 2012
  • Recently real-estate investment business is standing out as a new plan for creation of source of income. In this paper, we suggested appropriate real-estate investment strategy through the reconstruct case study of existing one-storied building. That is, we showed the efficient process of decision and propel to reconstruct and the key points for lease business and post management after building completion. Also, we analyzed the rate of return of commercial building investment in order to find its optimum dealing time. Therefore the results of this paper are expected to be a help to old ages and persons laying plans for a similar business.

천연가스.지역난방 수요관리 투자사업 평가 시스템 (The Assessment System for DSM Investment Programs by KOGAS & KDHC)

  • 박수억;이덕기;김의경;전호철
    • 대한설비공학회:학술대회논문집
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    • 대한설비공학회 2008년도 하계학술발표대회 논문집
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    • pp.226-230
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    • 2008
  • DSM Investment Programs are accomplished by KOGAS and KDHC, based on 'Article 15, Rational Energy Utilization Act'. By this act, suppliers are accomlishing DSM Investment Programs with much budget and contribute national DSM. However, there was no assessment systems for the quantitative evaluation of DSM Investment Programs in natural gas and district heating domains, yet. In order to overcome this problem, we constructed the assessment system which select quantitative programs, analyze impact factors, develop logic and equations and computerize this system. With this system, we can give objective and reliable output of DSM Investment Programs and evaluation tool to promote them efficiently. In this paper, we write the development process, method and utilization of this assessment system.

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MAI체제하의 효율적인 FDI전략 (The Effective FDI Strategies under the MAI System)

  • 채점길
    • 한국항만경제학회지
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    • 제19권1호
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    • pp.139-159
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    • 2003
  • This study deals sith some problems of foreign direct investment and seeks for the ways of activating foreign direct investment (hereafter F.D.I.) by analyzing the Korean economic structure that is faced with the neo-protectivism and nationalism of the advanced or foreign countries currently. During a transformational process in the transitional period of world trade environment, it is necessary for Korea not only to learn the higher technology for advanced countries, but also to apply techonology to their economic structure in order to enter into competition with the advanced countries. Based on the experiences and accomplishments from their investments, Korean enterprises should turn their business into F.D.I. and act appropriately in order to keep the balance between indoor and outdoor investment. Looking through the ways to activate F.D.I., we may make conclusions as follows: 1. Government policy transparency 2. Prudential Macro Economic policy 3. International policy coorperation system 4. Solidification of Foreign Commercial intercourse to Developing countries 5. Globalixation base of domestic coorperation 6. High efficiency- low cost of business coorperation enterprise 7. Attacktive investiestment strategies on conclusive competive advantage 8. Multilateral investment Area 9. New recognixation on marketing investment etc. F.D.I. strategies

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An optimal continuous type investment policy for the surplus in a risk model

  • Choi, Seung Kyoung;Lee, Eui Yong
    • Communications for Statistical Applications and Methods
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    • 제25권1호
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    • pp.91-97
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    • 2018
  • In this paper, we show that there exists an optimal investment policy for the surplus in a risk model, in which the surplus is continuously invested to other business at a constant rate a > 0, whenever the level of the surplus exceeds a given threshold V > 0. We assign, to the risk model, two costs, the penalty per unit time while the level of the surplus being under V > 0 and the opportunity cost per unit time by keeping a unit amount of the surplus. After calculating the long-run average cost per unit time, we show that there exists an optimal investment rate $a^*$>0 which minimizes the long-run average cost per unit time, when the claim amount follows an exponential distribution.

FTA투자규정에 있어서 최혜국대우 조항의 적용범위에 관한 중재판정 사례연구 (A Study on the Application Scope of Most-Favored Nation Treatment in the FTA Investment Provisions Based on the Arbitral Award Cases)

  • 김경배
    • 한국중재학회지:중재연구
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    • 제20권1호
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    • pp.109-131
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    • 2010
  • Investment Agreement is to be a part of FTA, as negotiating together both trade and investment. For example, it has a separate chapter about investment in KORUS FTA contract and is more detailed and inclusive than BIT contents which are traditional investment provisions. It is called to the investment norm of FT A. The investment agreement lures a foreign investment by providing the environment which is stable to the foreign investors. Hence, it plans in goal for the economic development of the home country. In international investment, the arbitration award cases are coming out to be divided into two parts applying MFN provisions in investor protective principles and dispute resolution process; the tendency of broad interpretation and the tendency of limited interpretation. In the case of RosInvest Co UK Ltd v. the Russian Federation awarded in 2007, the arbitration tribunal interprets that the application scope of MFN provisions contain the more lucrative dispute provision than other BITs without limitations in entity right of the investor. This judgment is the same view as arbitration tribunal position of Maffezini case. The arbitration tribunal of Plama case has kept out an assertion magnifying the arbitration tribunal's jurisdiction. That is, for applying more inclusive investor-nation resolution method from different treaty, tribunal mentioned that MFN provision had to see clearly a point of applying the investor-nation dispute resolution method. Dispute resolution process providing inclusive MFN provision has both the tendency of broad interpretation and the tendency of limited interpretation. It needs ceaselessly to do the monitoring about cases of arbitration award. In conclusion, the point where MFN provisions are applied conclusively is recognized, but it is still controversial whether or not to magnify the jurisdiction of arbitration tribunal applying MFN provisions. Therefore, it does not exist clear principle in the theory or in the award eases about the application scope for entity protection provision of MFN. Hence, The Korean government of Korea and local autonomous entities needs to keep their eyes on the trend of the international arbitration award cases in relation to the investment dispute for the future. Also, Korean government or local self-governing group must consider MFN provisions when they make a contract of international investment treaty such as writing concretely the application of MFN provisions from KORUS FTA.

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