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A Study on the Insolvency Prediction Model for Korean Shipping Companies

  • Myoung-Hee Kim
    • Journal of Navigation and Port Research
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    • v.48 no.2
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    • pp.109-115
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    • 2024
  • To develop a shipping company insolvency prediction model, we sampled shipping companies that closed between 2005 and 2023. In addition, a closed company and a normal company with similar asset size were selected as a paired sample. For this study, data of a total of 82 companies, including 42 closed companies and 42 general companies, were obtained. These data were randomly divided into a training set (2/3 of data) and a testing set (1/3 of data). Training data were used to develop the model while test data were used to measure the accuracy of the model. In this study, a prediction model for Korean shipping insolvency was developed using financial ratio variables frequently used in previous studies. First, using the LASSO technique, main variables out of 24 independent variables were reduced to 9. Next, we set insolvent companies to 1 and normal companies to 0 and fitted logistic regression, LDA and QDA model. As a result, the accuracy of the prediction model was 82.14% for the QDA model, 78.57% for the logistic regression model, and 75.00% for the LDA model. In addition, variables 'Current ratio', 'Interest expenses to sales', 'Total assets turnover', and 'Operating income to sales' were analyzed as major variables affecting corporate insolvency.

A Study on the Factors Affecting Innovation Capability for R&D Speed on Small & Medium Manufacturing Enterprises in Gumi (구미 중소제조기업 연구개발 속도에 미치는 혁신영향 요인에 관한 연구)

  • Jung, Goo Sang;Cho, Joong Gil;Shin, Ji Wook;Kim, Tae Sung
    • Journal of the Korea Convergence Society
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    • v.7 no.6
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    • pp.249-258
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    • 2016
  • In this research, we analyzed the research and development process of small and medium enterprises, and diagnosed the problem of the research and development process of domestic small and medium enterprises, and evaluated the influence of innovative ability on the speed of research and development and corporate performance. In evaluating these effects, it is possible to grasp the direction of power generation according to the type of analysis, taking into account the meltdown factor of factors related to innovative capabilities. The main purpose of this research is to confirm the influence on the speed of research and development according to the innovative capacity and business environment and to verify the reliability and validity of the research by Klumbach alpha Was used. In this research, we analyzed how the speed of R & D affects R & D activities, it is a research aimed at the necessity of a resource-based approach to the internal capacity of a company, Have a valuable value. Based on the influence on the company, each factor is a research that analyzed the influence on R & D and financial indicators through maintaining company's development level, Research that has practical value that can base on the development of R & D capacity on corporate strategy formulation.

The policy to support the development of oriental cosmetics (한방화장품의 발전을 위한 정책방향)

  • Ahn, Yung-Sung;Kang, Jae-Hun;Lee, Eun-Mi
    • Korean Journal of Korean Medical Institute of Dermatology and Aesthetics
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    • v.1 no.1
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    • pp.158-175
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    • 2005
  • The research and development of oriental cosmetics should be the national strategic industry because the oriental cosmetics have competitive power. To activate the industry of oriental cosmetics the support of government is needed. The governments should know the value of oriental cosmetic industry and invest the research and development. The prolonged investment on research and marketing of company and support of government will make the oriental cosmetics progress.

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Study on The Application Case of Clean Technology of Leather Manufacture through technical transfer of chrome reduced tanning process (청정 피혁 생산을 위한 저크롬 탄닝 공정 기술 보급에 관한 사례 연구)

  • Kim, W.J.;Kim, H.H.;Lee, S.C.;Park, K.S.;Heo, J.S.
    • Clean Technology
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    • v.10 no.1
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    • pp.27-35
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    • 2004
  • Domestic leather company is working hard to solve present environmental problem. Leather industry is realized by representative pollution industry. An advanced nation is trying to develop clean technology by collaborating research institute with the chemical company, and tannery. This research introduced information that is gained through technical transfer in leather processing. This project started to solve environmental problem of leather industry. Specially the environment and economic problem is caused from chrome which exists in the waste water or solid waste. Representative technologies, reduced chrome tanning, non-chrome tanning method, are being introduced through transfer. Also lightweight leather development advances the research which uses non-metal tanning agent.

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Induction of penile erection in spinal cord-injured rabbits by administration of DA- 8159, a new selective PDE 5 inhibitor

  • Ahn, Gook-Jun;Kang, Kyung-Koo;Back, Dae-Hyun;Sohn, Yong-Sung;Choi, Seul-Min;Ahn, Byung-Ok;Kwon, Jong-Won;Kim, Won-Bae
    • Proceedings of the PSK Conference
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    • 2002.10a
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    • pp.250.2-251
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    • 2002
  • DA-8159 is a new. highly selective. potent cyclic-GMP phosphodiesterase 5 inhibitor developed by Dong-A Pharmaceutical Company(Kyunggi, Korea) as an oral drug for the treatment of erectile dysfunction. NO- cGMP signal transduction pathway plays a key role for relaxation of corpus cavernosal smooth muscle. In this study. the efficacy of DA-8159 was evaluated by measuring the length of uncovered penile mucosa in spinal cord injury(SCI) rabbits. (omitted)

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The Physical characteristic of Crystalline Solar Cell by Soldering Type (Soldering 방식에 따른 결정질 셀의 물리적 특성변화)

  • Shin, Jun-Oh;Jung, Tae-Hee;Kim, Tae-Bum;Kang, Gi-Hwan;Ahn, Hyung-Keun;Han, Deuk-Young
    • Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
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    • 2010.06a
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    • pp.72-72
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    • 2010
  • The PV module company use variable process step and type. Especially soldering process is important, because crystalline cell can be bow by beating temperature. Most PV module company use hot air soldering type in the tabbing & string process. Although hot air type is used widely but this type is bound to influence on cell damage. So recently new way is introducing like a high current way. In this paper, we compare with characteristics of each soldering type and then conform a method to minimize solar cell deformation. Actually solar cell deformation show many difference by fix position and cooling time after soldering step.

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Neutral Reference Model for Engineering Change Propagation in Global Top-down Modeling Approach

  • Hwang, Jin-Sang;Mun, Du-Hwan;Han, Soon-Hung
    • International Journal of CAD/CAM
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    • v.7 no.1
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    • pp.81-89
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    • 2007
  • As the modular production is an important issue in globalized manufacturing industries, sub modules or parts of the final product are provided by many suppliers. Some part suppliers design their own products for themselves. In some cases, part supplier may provide the same type product to multiple 1-tier companies. Because all suppliers and 1-tier companies can not use the same CAD system in general case, the engineering change in the CAD model of one company could not propagate to related CAD models of other companies directly. Although they use the same CAD system, it is hard to share their CAD model with each other because of company security policy. In this paper, the neutral reference model, which consists of the neutral skeleton model and the external reference model, is proposed to apply a global top-down modeling approach to collaborating companies.

Deduction of the Application Plan for Railway Software Safety Criteria (철도소프트웨어 안전기준의 현장 적용방안 도출)

  • Shin, Kyung-Ho;Joung, Eui-Jin
    • Proceedings of the KIEE Conference
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    • 2007.10c
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    • pp.232-234
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    • 2007
  • In this paper, the safety criteria and framework of railway software which is developing presently is examined. The software development capability and organization of railway company in korea are investigated through interview and are analyzed. Then the application plan for railway software safety criteria is deduced to apply criteria to railway industry effectively.

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Prototype Development for KNGR Engineered Safety Features-Component Control Systems (차세대 원자력 발전소에서의 공학적안전설비작동계통 Prototype 기능의 구현)

  • Park, Jong-Beom;Park, Hyun-Shin;Chang, Ik-Ho
    • Proceedings of the KIEE Conference
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    • 1998.07b
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    • pp.813-815
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    • 1998
  • Engineered Safety Features-Component Control Systems(ESF-CCS) are those I&C systems that control safety equipment used to maintain the integrity of reactor coolant pressure boundary. This paper illustrates distinctive features and improved design concepts of Korea Next Generation Reactor(KNGR) based on the experience obtained through prototyping of ESF-CCS.

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