• 무역상무연구
• /
• 제55권
• /
• pp.185-208
• /
• 2012

Before and after the Capital Market Integration Act in 2007 is implemented in South Korea, many of small-and mid sized exporting companies in South Korea has been bankrupted or filed for lawsuit claiming mis-selling(KIKO) by the banks. The basic economic structure of KIKO in Korea are part of a business model based on the use or misuse of exotic derivatives whose results are anything but imaginary. 571 mid sized exporting companies have been damaged about $28 billion. KIKO is a currency option product that sells foreign currencies at higher foreign exchange rate when the rate moves within a certain range, but sells foreign currencies at two or three times lower rate than the market price when the rate exceeds the designated upper limit. KIKO, Therefore, is hard to know whether the non financial firms intended to hedge against further strengthening of their currency or merely to speculate. It is also hard to know how thoroughly they understood the risk-return profile of these transactions. It is similarly hard to ascertain whether the derivatives dealers offering these transactions were meeting the demands of their clients or taking advantage of them. These exotic derivatives were inappropriate for either hedging or speculating, and no knowledgeable investor would be likely to enter into these contracts intentionally.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권9호
• /
• pp.11-18
• /
• 2020

This paper analyzes factors affecting enterprise's financial risk listed on the Vietnam stock market. The panel data of research sample includes 524 non-financial listed enterprises on the Vietnam stock market for a period of eleven years, from 2009 to 2019. The Generalized Least Square (GLS) is employed to address econometric issues and to improve the accuracy of the regression coefficients. In this research, financial risk is measured by the Alexander Bathory model. Debt structure, Solvency, Profitability, Operational ability, Capital structure are independent variables in the study. Firm Size, firm age, growth rate are control variables. The model results show that in order to prevent and limit financial risk for enterprises listed on the Vietnam Stock Market, attention should be paid to variables reflecting Liability structure ratio, Quick Ratio, Return on Assets, Total asset turnover, Accounts receivable turnover, Net assets ratio and Fixed assets ratio. The empirical results show that there are differences in the impact of these factors on the financial risk in state-owned enterprises and non-state enterprises listed on the Vietnam stock market. The findings of this article are useful for business administrators, helping business managers make the right financial decisions to improve the efficiency of financial risk management in enterprises.

• 전산구조공학
• /
• 제10권3호
• /
• pp.241-250
• /
• 1997

콘크리트에 발생하는 변형률 국소화는 연화거동에 수반하여 변형이 국부적으로 집중되는 현상으로 이를 유한요소해석 할 수 있는 일관된 알고리즘을 개발하는 것이 본 연구의 목적이다. 변형률 국소화현상이 발생한 콘크리트는 변형률이 집중되는 국소화영역과 그외의 영역인 비국소화영역으로 크게 구분할 수 있으며 국소화영역에서는 연화현상을 포함하는 탄소성거동을 하게 되며 비국소화영역은 손상제하거동을 수반하게 된다. 변형률 국소화현상이 진행중인 콘크리트의 국소화영역을 모델링하기 위하여 열역학적으로 정식화된 전형적인 소성모델에 콘크리트의 극한응력 이후에 비선형 연화로 표현되는 소성거동을 고려할 수 있는 일반화된 Drucker-Prager모델을 도입하였으며 소성이론식의 적분을 위해 return-mapping 알고리즘을 사용하고 일관된 알고리즘을 전개하였다. 또한, 콘크리트의 비국소화영역의 모델링을 위하여 열역학적 자유에너지함수를 수정하여 비선형 탄성 및 손상의 일관된 알고리즘을 전개하였다. 개발된 알고리즘에 의한 유한요소해석을 통해 압축을 받는 콘크리트 부재의 변형률 국소화 현상을 해석하였다.

• 한국병원경영학회지
• /
• 제27권3호
• /
• pp.26-38
• /
• 2022

Purposes: We analyzed the profitability determinants of regional public hospitals during the entire period between 2010 and 2020 and the period before and after COVID-19. We intended to provide fundamental data for developing publicness evaluation index and task of establishing and expanding regional public hospitals. Methodology: The financial and non-financial information of the regional public hospitals were used as the main analysis data; The financial data was established by the Center for Public Healthcare Policy of National Medical Center, and the non-financial data by the Health Insurance Review and Assessment Service. T-test and regression analysis were used. Findings: The results can be summarized in two. First, the main determinants of profitability of the regional public hospitals were appeared to be the total asset turnover rate and the labor cost rate. Second, during the COVID-19 pandemic in the regional public hospitals, the number of sickbeds, the number of isolation rooms, the total asset turnover rate and the labor cost rate appeared to be the factor worsening the profitability. Practical Implication: The results of this study suggests that the management of the regional public hospitals is not aiming for the profit making, but it performs the functions as the community healthcare safety net such as controlling infectious diseases.

• 디지털융복합연구
• /
• 제11권9호
• /
• pp.229-238
• /
• 2013

병원외 심정지는 오늘날 우리나라의 중대한 보건문제로서, 환자의 퇴원 시 생존율은 3.5%이며, 이 중 1%만이 신경학적 기능을 회복하는 것으로 나타났다. 이처럼 낮은 병원외 심정지 환자의 생존율을 높이기 위해서는 병원 도착 전 환자의 자발적 순환을 회복시키는 것이 매우 중요하다. 따라서 본 연구에서는 질병관리본부의 2009년도 심정지 의무기록 조사 자료를 활용하여 병원외 심정지 환자의 자발적 순환 회복률을 향상시킬 수 있는 요인들에 대한 심층 분석을 수행하였다. 심정지 환자의 자발적 순환 회복에 영향을 미치는 요인은 의사결정나무기법을 적용하여 분석하였으며, 그 결과 도착전 CPR여부, 병원 도착전 심정지 목격여부, 심정지시 활동, 과거력(암/심장질환/뇌졸중), 심정지 발생 장소, 병원전 일반인 CPR여부, 신고~현장 도착까지 걸린 시간, 연령 등이 중요한 요인으로 밝혀졌다. 이 요인들의 조합을 통해 의사결정나무모형으로 분류된 심정지 환자는 총 16개 유형이었으며, 그 중 유형 1의 특징을 갖는 집단의 자발적 순환 회복률(29.6%)이 가장 높게 나타났다. 더불어 비공공장소에서 심정지가 발생한 환자에게 일반인이 CPR을 시행하였을 경우, 심정지 환자의 자발적 순환 회복률이 향상된 것으로 보아 지역주민들에 대한 CPR교육이 중요함을 파악할 수 있었다.

• Communications for Statistical Applications and Methods
• /
• 제16권5호
• /
• pp.803-812
• /
• 2009

금융자료에 극단값이론을 적용하는 것은 위험관리에서 중요한 최신 통계기법 중의 하나라고 할 수 있다. 극단값분석에서 전통적으로 사용해 오던 연간 최대값방법은 시계열자료의 연간 최대값들에 대하여 일반화 극단값분포를 적합시키는 것이고, 최근 대안으로 널리 사용되고 있는 분계점 방법은 시계열자료 중 충분히 큰 하나의 분계점을 넘어서는 초과값들에 대하여 일반화파레토분포를 적합시키는 것이다. 그러나, 보다 실질적인 방법은 분계점을 넘어서는 초과값들을 하나의 점과정으로 해석하는 것인데, 즉 초과값들의 초과시점과 초과여분을 점근적으로 비동질 포아송과정을 갖는 하나의 2차원 점과정으로 간주하는 것이다. 본 논문에서는 이러한 2차원 비동질 포아송과정 모형을 1982.1.4부터 2008.12.31까지 수집된 원/달러 환율 시계열자료로부터 계산된 일별 환율투자손실률, 즉 일별 로그 손실률에 적용한다. 여기서 주된 관심은 10년 혹은 50년에 한번 정도 발생하는 대형 손실률 수준과 같은 극단분위수를 어떻게 추정하느냐 하는 것이다.

• 대한조선학회지
• /
• 제15권4호
• /
• pp.1-5
• /
• 1978

The preliminary ship design step is made into a non-linear programming(NLP) problem. And using SUMT-exterior method and Hook Jeeves pattern search, the optimum ship characteristics are determined for the case where the ship is built in Korea and is operated by Koreans. Three programs for bulk carrier, tanker, and container ship are constructed and several sensitivity tests are performed. The result has little difference from the results of the other papers, but for high interest rate of return, slightly larger and faster ship is superior, and for low labour costs, slightly smaller and slower ship is superior.

• ETRI Journal
• /
• 제35권4호
• /
• pp.578-586
• /
• 2013

Using a sub-terahertz (sub-THz) wave generated using a photonics-based technology, a high-speed wireless link operating at up to 10 Gbps is designed and demonstrated for realization of seamless connectivity between wireless and wired networks. The sub-THz region is focused upon because of the possibility to obtain sufficient bandwidth without interference with the allocated RF bands. To verify the high-speed wireless link, such dynamic characteristics as the eye diagrams and bit error rate (BER) are measured at up to 10 Gbps for non-return-to-zero pseudorandom binary sequence $2^{31}-1$ data. From the measurement results, a receiver sensitivity of -23.5 dBm at $BER=10^{-12}$ is observed without any error corrections when the link distance between the transmitter and receiver is 3 m. Consequently, we hope that our design and experiment results will be helpful in implementing a high-speed wireless link using a sub-THz wave.

• Journal of Forest and Environmental Science
• /
• 제34권5호
• /
• pp.412-417
• /
• 2018

Agroforestry is emerged as climate smart agriculture system and known to help in maintaining soil nutrient sustainability but its rate of expansion is still not appreciable. The present paper incorporates the different species under various agroforestry practices its density, growth and growing stock. The most dominated agroforestry practices in Bilaspur district identified as boundary tree based agri- silviculture (32%) followed with inside field tree based agri-silviculture (21%). Agri-horti-silvicultural system found merely in 5% farmer's field while silvo-pastoral practice in 8% fields. The result depicts that the most prevailing agroforestry tree species in non-forest area of Bilaspur comprises Acacia nilotica 36%, Butea monosperma 22%, Albizia spp 16%, Terminalia arjuna 7%, Azadirachta indica 3.5% and other species 15.5%. More than 90% farmer allows tree species growing naturally in their fields mainly for fuel wood, timber and as source of additional income as these species need not require special attention and care, while only 5% farmer's has adopted Tectona grandis, Dalbergia sissoo etc commercially for higher future return. The paper also discusses the constraints on agroforestry for enabling development of agroforestry in future.

• 설비공학논문집
• /
• 제5권3호
• /
• pp.157-168
• /
• 1993

Pipe network of hot water heat supply system in an apartment house was analyzed. Flowrate and supply heat capacity of each household in which constant flowrate balancing valve is installed in a single zone system were calculated and the results were investigated. In the existing piping system, the non-uniformity of heat supply with floors due to the static pressure and temperature difference between supply main and return main can not be avoided and this tendency get intense with the increase of the height of building. The non-uniformity of heat supply can be prevented by the installation of balancing valve at each household, however if the performance of supply pump is not sufficient to overcome the energy loss due to the installation of balancing valve for constant flow rate or if the selection of the valve capacity is not adequate, the valves will may lose their controllability.