• Title/Summary/Keyword: Investment Process

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Investment casting 공정에서 수축률을 고려한 소형탕도의 이상적인 구조와 주형 온도에 관한 연구 (A study on structure of feed sprue considering turbulence and mold temperature in the investment casting process)

  • 이종래
    • 한국결정성장학회지
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    • 제32권1호
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    • pp.25-32
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    • 2022
  • 인베스트먼트 주조는 정밀기기, 의료분야, 액세서리 등의 제조에 일반적으로 사용되는 생산방식으로 장비의 현대화와 고품질의 재료를 통해 발전을 거듭해 왔으며 그 활용 범위가 확대되고 있다. 본 연구의 목적은 인베스트먼트 주조 공정의 핵심 요소인 금형 온도의 구조적 개선 및 표준화를 도출하여 불량률을 최소화하여 경제성과 생산성을 향상시키는 것이다. 연구의 범위는 소형탕도의 구조와 원리를 이해하기에 적합한 Jewelry 제조 주조 공정에 국한되어 있으며 연구 재료로 soft Wax, 석고 분말 및 14 K Gold를 사용하여 실험적 연구를 수행했다. 그 결과 Alloy 14 k의 주물 패턴에 가장 적합한 주물 표준 온도는 980℃ 플라스크 온도 550℃에서 가장 낮은 난류로 좋은 제품을 생산할 수 있었다. 본 연구의 향후 과제로 소형탕도의 구조 및 표준온도를 데이터를 분석하고, 현장의 생산 불량을 감소시키고 우수한 인베스트먼트 주조 공법의 경쟁력 확보를 위한 데이터를 제공하기 위한 세부 연구가 필요하다.

FTA 투자협정과 분쟁해결제도에 관한 연구 (A Study on Investment Agreement and Dispute Resolution System of FTA)

  • 최태판
    • 한국중재학회지:중재연구
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    • 제17권2호
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    • pp.141-165
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    • 2007
  • This study aims to make a contribution to the promotion of trade and economic development of South Korea, and, at the same time, call attention to the increasing trend of investment agreements concluded within Free Trade Agreements (FTA) by examining theoretically FTAs and dispute resolution and investigating systematically the conclusion procedure of agreements, and the system, institutions, and jurisdiction of dispute resolution, and presenting these findings to the government and investors involved. The most problematic aspect in the legal process of arbitration involving disputes over investment is that of arguments concerning the right of jurisdiction. When a dispute arises, even though an investor files for arbitration at an ICSID institution, the parties become involved in another energy-consuming argument even before proceeding to the hearing and decision of the original plan in cases in which the respondent of the dispute files an objection to the decision rights of the arbitral tribunal. As the main basis for this type of plea, the point of non-existence of jurisdiction is first raised where the applicable dispute does not fall under the range of investments defined in individual investment contracts or investment agreements such as a Bilateral Investment Treaty (BIT). To avoid an open-ended definition of investment for the range of investments, articles concerning investments in the FTA and NAFTA between Canada and the USA adopt the limited closed-list method. Article 96 of the FTA between Japan and Mexico applied the same abovementioned method of limited form of definition regarding range of investments and concluded BITs between member countries of APEC applied a similar method as well. Instead of employing the previously used inclusive definition, the BITs concluded between countries of Latin America and the USA are equipped with limited characteristics of an investment. Furthermore, to correspond with this necessary condition the three following requirements are needed : 1) fixed investment funding; 2) expected profits resulting from such investments; 3) and the existence of fixed risk bearing.

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주식 투자 격언에 대한 시장 반응 비교분석 (A Comparative Analysis of the Market Reaction to the Stock Investment Proverbs)

  • 김기범;김민선;박재표
    • 한국산학기술학회논문지
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    • 제16권9호
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    • pp.5982-5988
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    • 2015
  • 본 연구는 주식의 격언이 주식 투자자의 투자 행동에 영향을 미치는 지에 대한 연구로서 주식 시장에서 오랜 시간 사용되어 온 주식 격언을 투자자들이 알고 있는 지를 확인하고, 주식 투자자가 이러한 내용을 실제 투자 과정에 적용 하는지 그리고 그 적용이 투자 성과에 영향을 미치는 지를 분석하였다. 이를 위하여 본 연구에서는 주식시장에서 활용되고 있고, 주식과련 문헌에 자주 인용되는 투자 원칙, 분산 투자, 종목 선정, 매수 매도 시점 및 주가 동향에 관한 총 29개의 주식 격언을 선정하여 191명의 주식 투자자들에게 설문 조사를 실시하고 그 결과를 분석하였다. 분석 결과 14%의 투자자들이 주식 격언을 적용하여 투자하고 이를 통하여 수익을 창출하는 것을 확인하였다. 본 연구 및 결과를 통하여 주식 시장과 주식 투자자들이 분석된 주식 격언 통계를 활용하여 주식 투자에 적용하여 도움 되기를 기대한다.

실물옵션을 이용한 소형열병합발전의 경제성 평가 : 전력가격 변동성을 고려하여 (Real Option Analysis for Medium-scale CHP Plant Investment with Volatile Electricity Prices)

  • 박호정;장철호
    • 자원ㆍ환경경제연구
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    • 제16권4호
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    • pp.763-779
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    • 2007
  • 최근 고유가와 교토의정서의 발효에 따라 에너지 이용효율성 제고와 온실가스 배출삭감의 필요성이 증대되고 있는 상황에서 소형열병합 발전이 주목받고 있다. 본 연구는 열병합발전의 판매전력가격의 변동성으로 인해 미래수익이 불확실할 경우를 상정하여, 비가역적 성격의 열병합발전 설비투자에 대한 경제성 평가 모형을 제시한다. 이를 위해 실물옵션 기법을 이용하였다. 전력가격의 평균회귀성을 실증적으로 반영한 시설규모별 발전설비에 대한 모의실험 결과, 40Gcal 용량 이상의 발전설비에 대해 경제성이 보장되는 것으로 나왔다. 열병합발전의 경제성은 투자비용과 열수요 판매가격, 할인율에 영향을 받는 것으로 나타났다.

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재무비율을 활용한 포트폴리오 최적화 전략 (Portfolio optimization strategy based on financial ratios)

  • 최정용;김지우;오경주
    • Journal of the Korean Data and Information Science Society
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    • 제28권6호
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    • pp.1481-1500
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    • 2017
  • 본 연구는 우리나라 주식시장을 대상으로 회계 정보 기반 포트폴리오 투자전략의 안정성과 우수성을 확인하였다. 포트폴리오를 구성 하는 과정에서 재무비율의 다양한 조합을 활용하여 기대수익률이 높고, 투자 위험이 낮은 종목군을 선정하고 그 성과를 측정하였다. 또한 회계 정보 기반 유전자 알고리즘 최적화 아이디어를 제시하여 투자성과를 높이고자 했다. 본 연구의 결과로 회계 정보를 활용한 포트폴리오 구성 전략이 투자 의사결정에 유효하며, 이를 통하여 높은 투자성과를 얻을 수 있음을 확인했다. 또한 유전자 알고리즘을 활용한 포트폴리오 투자전략이 실무적으로 투자 의사결정에 유용하게 활용될 수 있음을 검증하였다.

Do Government Subsidies Crowd In or Crowd Out R&D Investment? Evidence from China's Animal Husbandry Companies

  • XU, Jian;SIM, Jaewoo
    • Asian Journal of Business Environment
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    • 제10권4호
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    • pp.5-13
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    • 2020
  • Purpose: The purpose of this paper is to empirically investigate the relationship between government subsidies and research and development (R&D) investment of animal husbandry companies in China. The moderating effects of firm size, debt ratio, and firm profitability on this relationship are also examined. Research design, data and methodology: The analysis is based on 14 animal husbandry companies listed on the Shanghai and Shenzhen stock exchanges over the period of 2012-2016. Data are obtained from the China Stock Market & Accounting Research (CSMAR) database and the RESSET database, and multiple regression analysis is utilized with the aid of Stata. Results: The empirical results show that government subsidies can promote R&D investment of animal husbandry companies in China. In addition, firm size, debt ratio, and firm profitability have positive moderating effects on the relationship between government subsidies and R&D investment. Conclusions: Based on the results, the paper concludes that government subsidies play an important role in the process of R&D of China's animal husbandry companies. This paper recommends that managers of animal husbandry companies should enhance the utilization efficiency of government subsidies and put great emphasis on R&D investment. The policymakers should implement more incentives to encourage animal husbandry companies to invest more in R&D.

학교시설 복합화를 위한 민자사업 방식 개선 방안에 관한 연구 (A Study on the Improvement Plans of Private Sector Investment for the Mixed-Use of School Facilities)

  • 이재국;오병욱
    • 한국디지털건축인테리어학회논문집
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    • 제10권1호
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    • pp.31-38
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    • 2010
  • The use of school should not be limited to student education any longer but be extended for attaining social benefits. For this reason, school should play central roles not only in education but also in childcare, welfare, culture, physical education, etc. In order for school to accommodate various new functions, it is essential to promote the mixed-uses of school facilities, and this process requires the involvement of private capitals for early achievement of social benefits from school facilities. Thus, this study purposed to examine the necessity of the multiple uses of school facilities through the investment of private capitals, to diagnose the adequacy of build-transfer-lease (BTL) applied currently to the multiple uses of school facilities, and to find obstacles to the activation of private sector investment and suggest solutions for the obstacles. In particular, this study aimed at proposing plans to enhance the efficiency of private sector investment and activate private sector investment projects by suggesting how to promote the multiple uses of school facilities in consideration of profitability for private investors.

Impacts of the Digital Economy on Manufacturing in Emerging Asia

  • Kim, Jaewon;Abe, Masato;Valente, Fiona
    • Asian Journal of Innovation and Policy
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    • 제8권1호
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    • pp.1-30
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    • 2019
  • The advent of digitalisation has transformed economies into more integrated, but increasingly complex systems. This new trend has brought dynamic changes in the manufacturing sector through advanced ICT infrastructure, smart factories, digitally-controlled logistics, and skilled ICT-labour. The impacts of the digital economy on manufacturing could be best illustrated through "Industry 4.0." With this wave of technological advancement, countries aim to establish an industrial ecosystem where every manufacturing process and function is connected and interacts through digital networks. Industry 4.0 presents opportunities for Emerging Asia, as the region has emerged as a fast-growing manufacturing hub and particularly a production base for ICT goods. However, growing production capacity, increased exports, and increases in FDI in the field of ICT goods manufacturing have so far contributed little to the development and diffusion of ICT. A huge gap exists in the ICT uptake amongst countries and between small and large firms. This paper highlights the level of Industry 4.0 readiness of Emerging Asia and key factors that determine its enhancement.

4IR 시대의 글로벌 밸류체인(GVC) 활용과 인도시장 FDI 성과에 관한 연구 (A Study on the Global Value Chain (GVC) of Indian Market and Foreign Direct Investment (FDI) in the Age of 4IR)

  • 김창봉
    • 무역학회지
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    • 제44권1호
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    • pp.115-127
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    • 2019
  • In recent years, the Indian market has gained worldwide attention in the global trading business environment. Korean companies are also seeking to enter the indian market, and their foreign trade investment strategy is based on the Global Value Chain(GVC). In this study, we examine difference from traditional investment strategy to GVC investment strategy in the age of 4IR(fourth industrial revolution) through using POLS model(pooled least square), FEM(fixed effect model), and REM(randomized effect model). Based on the analysis of 84 monthly data related to the FDI and international trade effects between Korea and India, the following results were found. As Korean companies increased their share of export to the Indian market and export to the Indian market, the number of new companies directly invested in overseas market increased. However, the amount of import into the Indian market was relatively low in relation to the number of new companies directly in overseas markets. As a result of analyzing the investment strategy of the GVC in India, the GVC has shifted from manufacturing to process upgrading to enter the GVC on Smile Curve.

Innovation and investment strategies to intensify the potential modernization and to increase the competitiveness of microeconomic systems

  • Tulchynska, Svitlana;Vovk, Olha;Popelo, Olha;Saloid, Stanislav;Kostiunik, Olena
    • International Journal of Computer Science & Network Security
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    • 제21권6호
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    • pp.161-168
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    • 2021
  • Within the article, strategic guidelines for the modernization of microeconomic systems are identified. Modernization levels of the potential implementation are formalized for enterprises: contractile, extensive technical, technological, progressive, adaptive, steady, intensive, creative, absolute and leader modernization. This allowed to specify the directions and tasks of the enterprise modernization at different management levels. Accordingly, the conditions and criteria for selecting resource tools are set. It is proved that the strategies of the potential modernization of enterprises must be carried out at four main management levels: first, at the enterprise level; secondly, for a particular type of product / service; third, by functional directions of modernization of separate spheres of the enterprise activity or responsibility, fourth, at the level of structural units of the enterprise. It is substantiated that in the processes due to the activation of the potential modernization, the resources are transformed into the results of the innovation implementation and the investment strategies modernization. A system of tasks for the corporate strategies implementation in order to modernize microeconomic systems has been formed. Key vectors of the activation determine the nature and properties of investment resources and necessary innovations to enhance the modernization potential. Therefore, the system of innovation and investment strategies' modernization, based on the vector and resource provision of the modernization process, is specified: