• Title/Summary/Keyword: Opportunity cost

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Economics Crisis and Response: Case Study of Malaysia's Responses to Asian Financial Crisis

  • Furuoka, Fumitaka;Lim, Beatrice;Jikunan, Catherine;Lo, May Chiun
    • Journal of Contemporary Eastern Asia
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    • v.11 no.1
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    • pp.43-56
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    • 2012
  • The paper chooses the "Asian Financial Crisis" as a case study to examine its impact on Malaysian economy and describes how Malaysian government responded to the crisis. It also focuses on the Asian financial crisis' impact on the employment of banking sector in Malaysia. In the finance, insurance, real estate and business service sector, a number of 6,596 workers were retrenched. Banks were forced into mergers and acquisition as well as downsizing, trim lean, organizational changes and introduction of new technologies. Excess workers were offered a "voluntary separation scheme." These retrenched workers became the urban poor facing high cost of living and no opportunity for jobs as there is no safety net provided.

Effects of an Experience-Based Economic Education Program on Young Children's Economic Concepts and Purchasing Behavior (체험 중심 경제교육 프로그램이 유아의 경제개념과 구매행동에 미치는 영향)

  • Kim, Jung-Suk;Cho, Eun-Jin
    • Korean Journal of Child Studies
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    • v.29 no.4
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    • pp.43-63
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    • 2008
  • This study developed an experience-based economic education program and examined its effects on young children's economic concepts and purchasing behavior. Subjects were 60 5-year-old kindergarteners assigned to an experimental or a control group. Instruments for pre- and post-tests were the Economic Concept Task (Laney, 1995) and the Purchasing Behavior Task (Jang, 2004). Experimental group children participated in the economic education program for 5 weeks; control group children listened to economic stories. Differences between pre- and post-test in the experimental group showed that the economic education program was effective in development of concepts of scarcity, opportunity cost, resource/production, goods/services, and complements/substitutes. Children's purchasing behavior changed partially after application of the program.

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Deforestation and Forest land Use in Côte d'Ivoire: Policy and Fiscal Instruments

  • Djezou, Wadjamsse Beaudelaire
    • Journal of Forest and Environmental Science
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    • v.32 no.1
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    • pp.55-67
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    • 2016
  • This paper investigated policies that drive the sustainable management of Ivorian forest which disappear at an annual rate of 250000 hectares. Based on an inter-temporal model for optimum allocation of forest land to three competing uses, the article found that sustainability depends on the incentive structure, of which forest taxes and fees are a key, though obviously not the sole, component. The study proposed to increase the area fee level by accounting for environmental externalities generated by forest harvesters and farmers. The paper showed that the area fee is a decreasing function of the forest natural rate of regeneration and the reconversion rate of agricultural surfaces. Finally, at the given forest natural rate of regeneration and the reconversion rate of agricultural surfaces, the model argued that the area fee need to be progressive (arithmetic progression) in the context of ecological equilibrium break while it should remain constant in normal situation.

The Fundamental Understanding Of The Real Options Value Through Several Different Methods

  • Kim Gyutai;Choi Sungho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.620-627
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    • 2003
  • The real option pricing theory has emerged as the new investment decision-making techniques superceding the traditional discounted cash flow techniques and thus has greatly received muck attention from academics and practitioners in these days the theory has been widely applied to a variety of corporate strategic projects such as a new drug R&D, an internet start-up. an advanced manufacturing system. and so on A lot of people who are interested in the real option pricing theory complain that it is difficult to understand the true meaning of the real option value. though. One of the most conspicuous reasons for the complaint may be due to the fact that there exit many different ways to calculate the real options value in this paper, we will present a replicating portfolio method. a risk-neutral probability method. a risk-adjusted discount rate method (quasi capital asset pricing method). and an opportunity cost concept-based method under the conditions of a binomial lattice option pricing theory.

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DMB+, a General Data Transmission Technique

  • Wang, Guoyu;Zhang, Hongsheng
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.14 no.5
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    • pp.2043-2060
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    • 2020
  • Developed from Digital Multimedia Broadcasting (DMB), DMB+ changes the application focus fundamentally. The plus symbol "+" indicates that DMB+ is no longer for digital radio/videos, instead it works as a general data transmission technique. The merits of wireless transmission, broad coverage, high quality, information security and low building/maintenance cost make DMB+ suitable for a wide range of applications with numerous terminals and users, such as public information release, alarm and administration etc. The concept of DMB+ base station enables DMB+ to be used in building independent networks and for remote control and management, as well as for Industry 4.0. DMB+ will access into a new field that till now has been dominated by communication techniques, will open a huge commercial opportunity.

Performance Evaluation of SME Banking in Bangladesh using Stochastic Frontier Analysis

  • Hossain, M.K.;Hossain, M.A.;Baten, M.A.
    • Asia-Pacific Journal of Business
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    • v.7 no.1
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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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An Optimized Strategy for Genome Assembly of Sanger/pyrosequencing Hybrid Data using Available Software

  • Jeong, Hae-Young;Kim, Ji-Hyun F.
    • Genomics & Informatics
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    • v.6 no.2
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    • pp.87-90
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    • 2008
  • During the last four years, the pyrosequencing-based 454 platform has rapidly displaced the traditional Sanger sequencing method due to its high throughput and cost effectiveness. Meanwhile, the Sanger sequencing methodology still provides the longest reads, and paired-end sequencing that is based on that chemistry offers an opportunity to ensure accurate assembly results. In this report, we describe an optimized approach for hybrid de novo genome assembly using pyrosequencing data and varying amounts of Sanger-type reads. 454 platform-derived contigs can be used as single non-breakable virtual reads or converted to simpler contigs that consist of editable, overlapping pseudoreads. These modified contigs maintain their integrity at the first jumpstarting assembly stage and are edited by fragmenting and rejoining. Pre-existing assembly software then can be applied for mixed assembly with 454-derived data and Sanger reads. An effective method for identifying genomic differences between reference and sample sequences in whole-genome resequencing procedures also is suggested.

Technology Trends of Growth Hormone and Development Strategies for Growtropin

  • Seo, Kwang-Seok
    • Journal of mucopolysaccharidosis and rare diseases
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    • v.1 no.1
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    • pp.23-27
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    • 2015
  • Recent research trends of human growth hormone (hGH) are divided into improved first-generation products, long-acting second-generation products, and biosimilar products. Among the improved first-generation products studies, studies of injection devices are being actively conducted. The long-acting second-generation products are focused on extending the half-life of hGH, and depending on the results of the clinical trials, the candidates are expected to lead the future hGH market. Finally, biosimilar has had less impact on the hGH market before now; however, expectations of low-cost products still remainas an opportunity.

Calculation for Components of Locational Marginal Price considering Demand-Side Bidding in a Competitive Electricity Market (경쟁시장내의 수요자원입찰을 고려한 모선별 한계가격의 구성요소산정 기법)

  • Kim, Hyun-Houng;Kim, Jin-Ho;Park, Jong-Bae;Shin, Joong-Rin
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.57 no.7
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    • pp.1157-1166
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    • 2008
  • This paper presents a new approach for the evaluation of location marginal prices (LMPs) considering demand-side bidding (DSB) in a competitive electricity market. The stabilization of the electric power supply and demand balance is one of the major important activities in electric power industry. In this paper, we present an analytical method for calculation of LMPs considering DSB, which has opportunity to compete with generating units, as England & Wales Pool's DSB scheme[1]. Also, we propose a new approach that LMP considering DSB is divided into three components. The proposed approach can be used for the evaluation of demand-side bidding into the electricity market and the assessment of the influence of DSB on total production costs and LMPs as well as three components.

Optimal Design of Lightweight High Strength Door with Tailored Blank (합체박판 기술을 적용한 고장도 경량도어 최적 설계)

  • 송세일;박경진
    • Transactions of the Korean Society of Automotive Engineers
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    • v.10 no.2
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    • pp.174-185
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    • 2002
  • The automotive industry faces many competitive challenges including weight and cost reduction to meet need for higher fuel economy. Tailored blanks offer the opportunity to decrease door weight, reduce manufacturing costs, and improve door stiffness. Optimization technology is applied to the inner panel of a door which is made by tailored blanks. The design of tailored blanks door starts from an existing door. At first, the hinge reinforcement and inner reinforcement are removed to use tailored blanks technology. The number of parts and the welding lines are determined from intuitions and the structural analysis results of the existing door. Size optimization is carried out to find thickness while the stiffness constraints are satisfied. The door hinge system is optimized using design of experiment approach. A commercial optimization software MSC/NASTRAN is utilized for the structural analysis and the optimization processes.