• 제목/요약/키워드: Rate of Return

검색결과 930건 처리시간 0.031초

크리핑 벤트그라스 훼어웨이에서 관수회수.예지물과 질소시비수준이 엽조직 및 토양 질소함유량에 미치는 효과 (A Three-year Study on the Leaf and Soil Nitrogen Contents Influenced by Irrigation Frequency, Clipping Return or Removal and Nitrogen Rate in a Creeping Bentgrass Fairway)

  • 김경남;로버트쉬어만
    • 아시안잔디학회지
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    • 제11권2호
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    • pp.105-115
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    • 1997
  • Responses of 'Penncross' creeping bentgrass turf to various fairway cultural practices are not well-established or supported by research results. This study was initiated to evaluate the effects of irrigation frequency, clipping return or removal, and nitrogen rate on leaf and soil nitrogen con-tent in the 'Penncross' creeping bentgrass (Agrostis palustris Huds.) turf. A 'Penncross' creeping bentgrass turf was established in 1988 on a Sharpsburg silty-clay loam (Typic Argiudoll). The experiment was conducted from 1989 to 1991 under nontraffic conditions. A split-split-plot experimental design was used. Daily or biweekly irrigation, clipping return or removal, and 5, 15, or 25 g N $m-^2$ $yr-^1$ were the main-, sub-, and sub-sub-plot treatments, respectively. Treatments were replicated 3 times in a randomized complete block design. The turf was mowed 4 times weekly at a l3 mm height of cut. Leaf tissue nitrogen content was analyzed twice in 1989 and three times in both 1990 and 1991. Leaf samples were collected from turfgrass plants in the treatment plots, dried immediately at 70˚C for 48 hours, and evaluated for total-N content, using the Kjeldahl method. Concurrently, six soil cores (18mm diam. by 200 mm depth) were collected, air dried, and analyzed for total-N content. Nitrogen analysis on the soil and leaf samples were made in the Soil and Plant Analyical Laboratory, at the University of Nebraska, Lincoln, USA. Data were analyzed as a split-split-plot with analysis of variance (ANOVA), using the General Linear Model procedures of the Statistical Analysis System. The nitrogen content of the leaf tissue is variable in creeping bentgrass fairway turf with clip-ping recycles, nitrogen application rate and time after establishment. Leaf tissue nitrogen content increased with clipping return and nitrogen rate. Plots treated with clipping return had 8% and 5% more nitrogen content in the leaf tissue in 1989 and 1990, respectively, as compared to plots treated with clipping removal. Plots applied with high-N level (25g N $m-^2$ $yr-^1$)had 10%, 17%, and 13% more nitrogen content in leaf tissue in 1989, 1990, and 1991, respectively, when compared with plots applied with low-N level (5g N $m-^2$ $yr-^1$). Overall observations during the study indicated that leaf tissue nitrogen content increased at any nitrogen rate with time after establishment. At the low-N level treatment (5g N $m-^2$ $yr-^1$ ), plots sampled in 1991 had 15% more leaf nitrogen content, as compared to plots sampled in 1989. Similar responses were also found from the high-N level treatment (25g N $m-^2$ $yr-^1$ ).Plots analyzed in 1991 were 18% higher than that of plots analyzed in 1989. No significant treatment effects were observed for soil nitrogen content over the first 3 years after establishment. Strategic management application is necessary for the golf course turf, depending on whether clippings return or not. Different approaches should be addressed to turf fertilization program from a standpoint of clipping recycles. It is recommended that regular analysis of the soil and leaf tissue of golf course turf must be made and fertilization program should be developed through the interpretation of its analytic data result. In golf courses where clippings are recycled, the fertilization program need to be adjusted, being 20% to 30% less nitrogen input over the clipping-removed areas. Key words: Agrostis palustris Huds., 'Penncross' creeping bentgrass fairway, Irrigation frequency, Clipping return, Nitrogen rate, Leaf nitrogen content, Soil nitrogen content.

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심장판막 치환술후 직업복귀에 대한 임상적 고찰 (A Clinical Study for Return to Work after Heart Valve Replacement - A Case Report -)

  • 김현경
    • Journal of Chest Surgery
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    • 제24권10호
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    • pp.967-972
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    • 1991
  • Between Feb. 1982 and July 1990, 173 patients [male: 89, female: 84] Who underwent heart valve replacement for acquired valvular heart disease on the Department of Thoracic and Cardiovascular Surgery, School of Medicine, Pusan National University, were reviewed for return to work after heart valve replacement. The replaced valve were mitral [128, 74.0%], aortic[10, 5.8%], mitral & aortic[35, 20.2%]. Two tricuspid valve replacement were excluded. Several important factors influencing the return to work were age, the employment status before surgery, the number of replaced valve, the pre - op NYHA functional class and cardiac function [ejection fraction]. These factors were closely related to the optimal time of heart valve replacement. It can be concluded that the rate of return to work and the quality of life would be improved if valve replacement were performed at an earlier stage of valvular heart disease.

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경지정리사업의 확장편익-비용분석 - 충남서산시 지곡지구를 중심으로 - (An Extended Benefit-Cost Analysis of Land Consolidation and On-farm Development Project -With Respect to Jigok Land Consolidation and On-farm Development Project in Seosan, Chungnam Province, Korea-)

  • 임재환;이민수
    • 농업과학연구
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    • 제29권1호
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    • pp.66-83
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    • 2002
  • The economic feasibility analysis including benefit-cost ratio and internal rate of return of a land consolidation and on-farm development project was mainly depended upon the direct benefits and costs arising during project life. Therefore the projects were neglected in allocating the government's financial funds and loans on account of the low economic rate of return of the project. Accordingly the extended benefit-cost analysis method should be introduced and adapted to cover not only the benefit s such as non-market values of environmental and food security fun ct ions of the project but also market values of the project outputs. The main purposes of this study are (1) to prepare a guide line for economic feasibility analysis based on the IBRD and ADB guidelines, (2) to estimate the benefits from productivity increase, labor saving, savings of O&M cost of farm mechanization and project facilities, savings of farmer's burden for their public health, increasing environmental and public functional value of paddy fields, improving food security condition and formation of peaceful and uncontroversial rural society by implementing the land consolidation and on-farm development, (3) to introduce the newly adapted analytical method as the extended benefit cost analysis which could make possible to be included the values of non-market goods such as the food security and the environmental public function of paddy fields. To carry out this study, the existing publications on the guidelines for economic agricultural projects were reviewed and consultation was made with a For the post evaluation study of the land consolidation and on-farm development project, field survey in Jigok and other comparative area were made to get available information. According to the project completion report, Jigok land consolidation and on-farm development project has 55ha of benefit area out of 69ha of gross area. The project was started in November 11th, 2000 and completed october 30th, 2001. The total project costs were amounted to 2,548 million won and the annual project benefits were estimated at 335million won evaluated by domestic market prices. The ERR(Economic Rate of Return) and SRR(Social Rate of Return) of the project based on the shadow pricing system were estimated at 4.4% and 16% respectively. On the other hand, the ERR and SRR based on the domestic market value system were amounted to 6.37% and 14.62%. In conclusion, Korean land consolidation and on-farm development projects have not carried out from the view point of economic rate of return under shadow pricing system but from the view point of domestic pricing system. For the future feasibility studies on land consolidation projects have to be carried out including the non-market values as environmental and food security function of the projects.

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계란 자동세척기의 경제적 타당성 평가 (Economic Feasibility of Automatic Egg Washer)

  • 임청룡;여준호
    • Current Research on Agriculture and Life Sciences
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    • 제32권3호
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    • pp.165-169
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    • 2014
  • 계란 세척기 평가 금액 추정 결과는 다음과 같다. 계란 세척기 총수입(인건비 절감으로부터의 조수입 증대)에서 산정하였으며, 계란 세척기 총비용은 구입가격, 고정비용 및 유동비용의 합계로 나타내었다. 계란 세척기 평가액은 할인율 수준에 따라 최소 44,778천원(할인율 10%)에서 최대 45,778천원(할인율 5%), 평균 45,278천원으로 추정된다(Table 7). 계란세척기의 경제적 타당성을 살펴보면, 내부수익율 IRR의 값은 가정했던 할인율(5%~10%)보다 훨씬 높고, 순현재가치(NPV)는 0보다 훨씬 크며, B/C 비율도 1.0 이상으로 나타나 계란 세척기 개발사업의 경제적 타당성은 있는 것으로 판단된다(Table 8).

석유시장과 천연가스시장의 수익률 및 변동성 간의 관계 : 미국과 유럽 시장을 중심으로 (The Relation between the Return Rate and the Volatility of Oil Market and Natural Gas Market : Focusing on the Market of US and EU)

  • 김영덕;이동우
    • 국제지역연구
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    • 제14권1호
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    • pp.99-119
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    • 2010
  • 본 연구는 미국의 천연가스시장과 석유시장, 그리고 유럽의 석유시장을 대상으로 두가지 분석에 주안점을 두었다. 하나는 그랜저 인과관계(Granger-causality) 검증을 통하여 수익률과 변동성 부문에 있어 이질적 상품시장간 또는 동일상품시장내 현/선물간 예측력(predictive power) 여부 확인이며, 다른 하나는 회귀분석을 통한 선물가격의 현물가격 안정화 효과이다. 상품시장간 예측력에서 수익률 부문은 현물수익률과 선물수익률이 서로 상반된 양상을 보였지만 전체적으로 통계적 유의성이 낮게 나타났다. 변동성 부문에서는 석유시장이 천연가스시장에 가지는 예측력과는 달리 천연가스시장은 석유시장에 별다른 영향을 주지 못하는 것을 확인 할 수 있었다. 동일상품시장내 예측력 분석의 수익률 부문에서는 유일하게 유럽 석유시장의 현물수익률이 선물수익률에 예측정보를 가짐을 알 수 있었다. 변동성 부문은 모든 상품시장에서 현물과 선물간 인과관계가 양방향으로 성립함을 확인하였다. 선물가격의 현물가격 안정화 효과 분석 결과, 선물변동성은 현물변동성을 증가시키는 것으로 나타났다.

주가지수 선물 수익률과 거래량간 관계에 관한 실증연구 (An Empirical Study on The Relationship between Stock Index Futures Return and Trading Volume)

  • 황성수;유영중
    • 한국산학기술학회논문지
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    • 제5권6호
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    • pp.580-587
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    • 2004
  • 본 논문의 목적은 주가지수 선물시장에서 선물의 가격과 거래량간 관계를 분석하는 것이다. 이를 위하여 선물수익률과 거래량 변화율을 이용하여 거래량과 선물가격간의 관계를 분석하였다. 거래량 변화율과 선물수익률간의 관계를 검증하기에 앞서 각각의 시계열에 대한 안정성 검증을 실시한 결과, 거래량 변화율과 선물수익률은 모두 안정적인 시계열인 것으로 나타났다. VAR모형을 이용한 선물수익률과 거래량 변화율간 관계에 대한 분석결과, 기간별 분석결과에서는 전체기간에서 주가지수 선물수익률이 거래량 변화율을 -3차에서 강하게 선도하는 것으로 나타났으며, 선물시장의 추세에 따른 분석결과는 선물가격의 상승시에는 거래량 변화율이 선물수익률을 선도하는 반면, 선물가격이 하락하는 경우는 선물수익률이 거래량을 선도하는 것으로 나타나고 있다. 또한, 상승기에 거래량변화율이 선물수익률을 선도하는 정도보다는 하락기에 선물수익률이 거래량 변화율을 선도하는 계수의 크기가 크게 나타나고 있다.

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Study on Return and Volatility Spillover Effects among Stock, CDS, and Foreign Exchange Markets in Korea

  • I, Taly
    • East Asian Economic Review
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    • 제19권3호
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    • pp.275-322
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    • 2015
  • The key objective of this study is to investigate the return and volatility spillover effects among stock market, credit default swap (CDS) market and foreign exchange market for three countries: Korea, the US and Japan. Using the trivariate VAR BEKK GARCH (1,1) model, the study finds that there are significant return and volatility spillover effects between the Korean CDS market and the Korean stock market. In addition, the return spillover effects from foreign exchange markets and the US stock market to the Korean stock market, and the volatility spillover effect from the Japanese stock market to the Korean stock market are both significant.

애널리스트 목표가를 활용한 최적 투자의사결정 방안에 관한 연구 (Optimization of Investment Decision Making by Using Analysts' Target Prices)

  • 조수지;김흥규;이기광
    • 산업경영시스템학회지
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    • 제43권4호
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    • pp.229-235
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    • 2020
  • Investors aim to maximize the return rate for their own investment, utilizing various information as possible as they can access. However those investors, especially individual investors, have limitations of interpretation of the domain-specific information or even the acquisition of the information itself. Thus, individual investors tend to make decision affectively and frequently, which may cause a loss in returns. This study aims to analyze analysts' target price and to suggest the strategy that could maximize individual's return rate. Most previous literature revealed that the optimistic bias exists in the analysts' target price and it is also confirmed in this study. In this context, this study suggests the upper limit of target rate of returns and the optimal value named 'alpha(α)' which performs the adjustment of proposed target rate to maximize excess earning returns eventually. To achieve this goal, this study developed an optimization problem using linear programming. Specifically, when the analysts' proposed target rate exceeds 30%, it could be adjusted to the extent of 59% of its own target rate. As apply this strategy, the investors could achieve 1.2% of excess earning rate on average. The result of this study has significance in that the individual investors could utilize analysts' target price practically.

모의실험을 통한 역 RZ 부호로 코딩된 하향신호의 재변조를 이용한 5Gbps/1.25Gbps WDM/TDM 하이브리드 수동 광가입자 망의 성능분석 (Performance Analysis of 5Gbps/1.25Gbps WDM/TDM Hybrid Passive Optical Network with Inverse Return to Zero(RZ) coded Downstream and NRZ upstream re-modulation by Performing Simulation with MATLAB)

  • 박상조
    • 한국컴퓨터정보학회논문지
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    • 제17권8호
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    • pp.51-60
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    • 2012
  • 역 RZ 부호로 코딩된 하향신호의 재변조를 이용한 5Gbps/1.25Gbps WDM/TDM 하이브리드 PON 구조를 제안하고, 매트랩을 이용한 모의실험을 통하여 성능을 분석한다. 모의실험을 통하여 OLT와 ONU간 거리가 10km이고 오차율이 $10^{-9}$일 경우OLT에서의 광송신출력이 각각 -3.8, -0.9dBm 이상이면 OLT에 있는 1개의 OLT가 각각 8, 16개의 ONU와 접속이 가능함을 알 수 있다. 제안된 WDM/TDM 하이브리드 PON 시스템은 일반적인 TDM PON에서 ONU 수에 비례하여 시분할로 다중된 상향채널의 속도가 증가하게 되어 가입자에서 송신하는 상향채널의 데이터 속도가 제한을 받을 수 있는 문제점을 해결할 수 있고, ONU에서 광원 및 OLT에서 광파장 제어회로를 제거할 수 있어 비대칭 광가입자망에 유용한 방식임을 알 수 있다.

Golf participation after rotator cuff repair: functional outcomes, rate of return and factors associated with return to play

  • Thomas R Williamson;Patrick G Robinson;Iain R Murray;Andrew D Murray;Julie M McBirnie;C Michael Robinson;Deborah J MacDonald;Nicholas D Clement
    • Clinics in Shoulder and Elbow
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    • 제26권2호
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    • pp.109-116
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    • 2023
  • Background: Golf is a popular sport involving overhead activity and engagement of the rotator cuff (RC). This study aimed to determine to what level golfers were able to return to golf following RC repair, the barriers to them returning to golf and factors associated with their failure to return to golf. Methods: Patients preoperatively identifying as golfers undergoing RC repair at the study centre from 2012 to 2020 were retrospectively followed up with to assess their golf-playing status, performance and frequency of play and functional and quality of life (QoL) outcomes. Results: Forty-seven golfers (40 men [85.1%] and 7 women [14.9%]) with a mean age of 56.8 years met the inclusion criteria, and 80.1% were followed up with at a mean of 27.1 months postoperatively. Twenty-nine patients (76.3%) had returned to golf with a mean handicap change of +1.0 (P=0.291). Golf frequency decreased from a mean of 1.8 rounds per week preinjury to 1.5 rounds per week postoperatively (P=0.052). The EuroQol 5-dimension 5-level (EQ-5D-5L) index and visual analog scale (EQ-VAS) score were significantly greater in those returning to golf (P=0.024 and P=0.002), although functional outcome measures were not significantly different. The primary barriers to return were ipsilateral shoulder dysfunction (78%) and loss of the habit of play (22%). Conclusions: Golfers were likely (76%) to return to golf following RC repair, including mostly to their premorbid performance level with little residual symptomatology. Return to golf was associated with a greater QoL. Persistent subjective shoulder dysfunction (78%) was the most common barrier to returning to golf.