• Title/Summary/Keyword: Return Level

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Comparative Port Performance Analysis of Italian Ports

  • D'agostini, Enrico;Ryoo, Dong-Keun;Jo, So-Hyun
    • Journal of Navigation and Port Research
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    • v.39 no.5
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    • pp.393-399
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    • 2015
  • Recently, the fierce competitions in the shipping industry and the global economic downturn have heavily influenced ports' operational strategies. In order for port authorities to remain competitive at an international level and to provide more accurate information to develop National policies, ports are required to analyse and improve operations' efficiency. In this paper, the efficiency of 19 Italian ports in 2013, handling different types of cargoes, is assessed through the application of Data Envelopment Analysis (DEA), with constant return to scale (CRS) and variable return to scale (VRS). The purpose of this study is to analyze the efficiency of Italian ports and evaluate whether differences in size and specialization of each port (or cargo handled) are directly correlated with ports' efficiency.

A Study of the Economic Design of Rubble Mould Breakwaters Using ADS(Automated Design Synthesis) Optimization Program (ADS 최적화 프로그램을 이용한 사석 방파제의 경제성 설계에 관한 연구)

  • 민석진;김성득
    • Journal of Ocean Engineering and Technology
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    • v.17 no.6
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    • pp.16-22
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    • 2003
  • In this paper, the method of determining the economically-optimal design section of rubble mound breakwater, using ADS program, was studied to supplement the deterministic approach. First of all, the design waves are computed, according to the return periods, using the Weibull distribution from the data of waves at the location of the breakwater. In order to take an optimal section, according to the return periods, the ADS program was used. The restriction conditions and objective functions are decided from the references of the specifications and standard manuals for Coastal and Harbor Construction Work. Results from this study support the ADS program as an appropriate method for determining the economically-optimal section of rubble mound breakwater, comparing the construction costs and the initial and damage repair costs for its life time.

A Portfolio Model for National IT R&D Strategy Project Selection Methods

  • Ryu, Dong-Hyun;Lee, Woo-Jin
    • Journal of information and communication convergence engineering
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    • v.9 no.5
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    • pp.491-499
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    • 2011
  • In this paper, we offer a new strategic portfolio model for national IT R&D project selection in Korea. A risk and return (R-R) portfolio model was developed using an objectively quantified index on the two axes of risk and return, in order to select a strategic project and allocate resources in compliance with a national IT R&D strategy. We strategize using the R-R portfolio model to solve the non-strategy and subjectivity problems of the existing national R&D project selection model. We also use the quantified evaluation index of the IT technology road map (TRM) and the technical level reports (TLR) for the subjectivity of project selection, and try to discover the weights using the analytic hierarchy process (AHP). In addition, we intend to maximize the chance for a successful national IT R&D project, by selecting a strategic portfolio project and balancing the allocation of resources effectively and objectively.

한국의 집권정당별 거시경제정책 실증분석 - 그랜져 인과성 검정 및 충격반응분석 중심으로 -

  • Kim, Jong-Kwon
    • Proceedings of the Safety Management and Science Conference
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    • 2007.11a
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    • pp.503-516
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    • 2007
  • USA has distinct differences of economic policy by a ruling party. And, USA economy has mainly influenced on it of Korea. So, we examine whether a ruling party of Korea has different regime including rate of return in stock market. The Republican Party and Democratic Party have based on Milton Friedman and Keynes economy at each other's economic policy in the USA The Republican Party and Democratic Party have different interest level and excess return on equity, GDP growth rate, unemployment rate. Also, a ruling party of Korea has different regime and economic activity in this paper.

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Design of 900 MHz CMOS Low Noie Amplifier (900 MHz CMOS 저잡음 증폭기의 설계)

  • 윤상영;윤헌일;정용채;정항근;황인갑
    • The Journal of Korean Institute of Electromagnetic Engineering and Science
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    • v.11 no.6
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    • pp.893-899
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    • 2000
  • A 900 MHz low-noise amplifier(LNA) with a measured noise figure of 4.8 dB and an associated gain of 13.2 dB was fabricated in a 0.65 $\mu$m CMOS. The inductive source architecture of offers the possibility of achieving the best noise performance. At 900 MHz, the fabricated LNA dissipates 39 mW from a single 3 V power supply including the bias circuitry and provides -26dB input return loss, -17 dB output return loss, and an input 1-dB compression level of -12 dBm.

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Dynamic System Modeling for Closed Loop Supply Chains System

  • Wadhwa, Subhash;Madaan, Jitendra
    • Industrial Engineering and Management Systems
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    • v.7 no.1
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    • pp.78-89
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    • 2008
  • The need for holistic modeling efforts for returns that capture the extended closed loop supply chain (CLSC) system at strategic as well as operational level has been clearly recognized by the industry and academia. Strategic decision-makers need comprehensive models that can guide them in efficient decision-making to increase the profitability of the entire forward and return chain. Therefore, determination of a near optimal design configuration, which includes the environmental, economical and technological capability factors, is important in strategic decision-making effort that affect the profitability of the closed loop supply chain. In this paper, we adopted an improved system dynamics methodology to tackle strategic issues that affect various performance measures, like market, time/cost, environment etc., for closed loop supply chains. After studying real life implementation issues in CLSC design, we presented guidelines for the PBM (Participative Business Modeling) methodology and presented its extension for the strategic dynamic system modeling of return chains. Finally, we demonstrated the measurement of operational performance by extending SD (system dynamic) application to closed loop supply chain management.

A Study on the Relations among Stock Return, Risk, and Book-to-Market Ratio (주식수익률, 위험, 장부가치 / 시장가치 비율의 관계에 관한 연구)

  • Kam, Hyung-Kyu;Shin, Yong-Jae
    • Journal of Industrial Convergence
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    • v.2 no.2
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    • pp.127-147
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    • 2004
  • This paper examines the time-series relations among expected return, risk, and book-to-market(B/M) at the portfolio level. The time-series analysis is a natural alternative to cross-sectional regressions. An alternative feature of the time-series regressions is that they focus on changes in expected returns, not on average returns. Using the time-series analysis, we can directly test whether the three-factor model explains time-varying expected returns better than the characteristic-based model. These results should help distinguish between the risk and mispricing stories. We find that B/M is strongly associated with changes in risk, as measured by the Fama and French(1993) three-factor model. After controlling for changes in risk, B/M contains little additional information about expected returns. The evidence suggests that the three-factor model explains time-varying expected returns better than the characteristic-based model.

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The Impact of Board of Directors' Characteristics on Firm Performance: A Case Study in Jordan

  • KANAKRIYAH, Raed
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.341-350
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    • 2021
  • This study tested the effect of the board of directors' (BOD) characteristics on the corporate performance of the Jordanian industrial and service companies listed on the Amman Stock Exchange (ASE) during the period 2015-2019. The characteristics of the BOD were measured through the following variables: MO = managerial ownership; CEODU = CEO duality; BI = board independence; GD = gender diversity; ND = nationality diversity; AE = advanced education; BM = board meetings; BSIZ = board size; CSIZ = corporate size; CA = corporate age. The corporate performance was measured by return on assets (ROA) and return on equity (ROE). The corporate size and corporate age were used as control variables. The study sample consisted of 85 industrial and service companies with 425 observations to identify the nature of the effect of the BOD characteristics on performance. This study applied time-series data (panel data), and the multiple linear regression method was used to achieve study objectives. Results showed a positive effect of the study variables on performance, while the corporate age and the education level (BOD members) have a negative effect on performance.

Recycling of Suspended Particulates by Atmospheric Boundary Depth and Coastal Circulation (대기경계층과 연안순환에 의한 부유입자의 재순환)

  • Choe, Hyo
    • Journal of Environmental Science International
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    • v.13 no.8
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    • pp.721-731
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    • 2004
  • The dispersion of suspended particulates in the coastal complex terrain of mountain-inland basin (city)-sea, considering their recycling was investigated using three-dimensional non-hydrostatic numerical model and lagrangian particle model (or random walk model). Convective boundary layer under synoptic scale westerly wind is developed with a thickness of about I km over the ground in the west of the mountain, while a thickness of thermal internal boundary layer (TIBL) is only confined to less than 200m along the eastern slope of the mountain, below an easterly sea breeze circulation. At the mid of the eastern slop of the mountain, westerly wind confronts easterly sea breeze, which goes to the height of 1700 m above sea level and is finally eastward return flow toward the sea. At this time, particulates floated from the ground surface of the city to the top of TIBL go along the eastern slope of the mountain in the passage of sea breeze, being away the TIBL and reach near the top of the mountain. Then those particulates disperse eastward below the height of sea-breeze circulation and widely spread out over the coastal sea. Total suspended particulate concentration near the ground surface of the city is very low. On the other hand, nighttime radiative cooling produces a shallow nocturnal surface inversion layer (NSIL) of 200 m thickness over the inland surface, but relatively thin thickness less than 100m is found near the mountain surface. As synoptic scale westerly wind should be intensified under the association of mountain wind along the eastern slope of mountain to inland plain and further combine with land-breeze from inland plain toward sea, resulting in strong wind as internal gravity waves with a hydraulic jump motion bounding up to about 1km upper level in the atmosphere in the west of the city and becoming a eastward return flow. Simultaneously, wind near the eastern coastal side of the city was moderate. Since the downward strong wind penetrated into the city, the particulate matters floated near the top of the mountain in the day also moved down along the eastern slope of the mountain, reaching the. downtown and merging in the ground surface inside the NSIL with a maximum ground level concentration of total suspended particulates (TSP) at 0300 LST. Some of them were bounded up from the ground surface to the 1km upper level and the others were forward to the coastal sea surface, showing their dispersions from the coastal NSIL toward the propagation area of internal gravity waves. On the next day at 0600 LST and 0900 LST, the dispersed particulates into the coastal sea could return to the coastal inland area under the influence of sea breeze and the recycled particulates combine with emitted ones from the ground surface, resulting in relatively high TSP concentration. Later, they float again up to the thermal internal boundary layer, following sea breeze circulation.

A Mathematical Model of Return Flow outside the Surf Zone (쇄파대(碎波帶) 밖에서 return flow의 수학적(數學的) 모형(模型))

  • Lee, Jong Sup;Park, II Heum
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.14 no.2
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    • pp.355-365
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    • 1994
  • An analytical model of return flow is presented outside the surf zone. The governing equation is derived from the Navier-Stokes equation and the continuity. Each term of the governing equation is evaluated by the ordering analysis. Then the infinitesimal terms, i.e. the turbulent normal stress, the squared vertical velocity of water particle and the streaming velocity, are neglected. The driving forces of return flow are calculated using the linear wave theory for the shallow water approximation. Especially, the space derivative of local wave heights is described considering a shoaling coefficient. The vertical distribution of eddy viscosity is discussed to the customary types which are the constant, the linear function and the exponential function. Each coefficient of the eddy viscosities which sensitively affect the precision of solutions is uniquely decided from the additional boundary condition which the velocity becomes zero at the wave trough level. Also the boundary conditions at the bottom and the continuity relation are used in the integration of the governing equation. The theoretical solutions of present model are compared with the various experimental results. The solutions show a good agreement with the experimental results in the case of constant or exponential function type eddy viscosity.

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