• Title/Summary/Keyword: Return Ratio

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An Analysis of a Post-Trip Return-to-Power Steam Line break Events

  • Baek, Seung-Su;Lee, Cheol-Sin;Song, Jin-Ho;Lee, Sang-Yong
    • Proceedings of the Korean Nuclear Society Conference
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    • 1995.05a
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    • pp.544-549
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    • 1995
  • An analysis for Steam Line Break (SLB) events which result in a return-to-power conditions after reactor trip was performed for a postulated Yonggwang Nuclear Power Plant Unit 3 cycle 8. Analysis methodology for post-trip return-to-power SLB is quite different from that of a no return-to-power SLB and is more complicated. Therefore, it is necessary to develop an methodology to analyze the response of the NSSS parameter and the fuel performance for the post-trip return-to-power SLB events. In this analysis, the cases with and without offsite power were simulated by crediting 3-D reactivity feedback effect due to local heatup around stuck CEA and compared with the cases without 3-D reactivity feedback with respect to fuel performance, departure from nucleate boiling ratio (DNBR) and linear heat generation rate (LHGR).

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Statistical Properties of Electric Fields Produced by Cloud-to-Ground Lightning Return Strokes

  • Lee, Bok-Hee;Lee, Dong-Moon;Lee, Seung-Chil;Ahn, Chang-Hwan
    • KIEE International Transactions on Electrophysics and Applications
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    • v.11C no.4
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    • pp.120-126
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    • 2001
  • For the past five years, Inha University has been observing the electric fields produced by cloud-to-ground return strokes. This paper presents the summary of most recent results. Statistics on the zero-to-peak rise time, the zero-to-zero crossing time and the amplitude ratio of the second peak in the opposite polarity to the first peak were examined. The radiation electric fields produced by distant cloud-to-ground return strokes were substantially same pattern. The first return stroke field starts with a slowly increasing front and rises abruptly to peak. The rising portions of the electric fields produced by cloud-to-ground return strokes last 1 $mutextrm{s}$ to a few $mutextrm{s}$. The mean values of the zero-to-peak rise times of electric fields were 5.72 $mutextrm{s}$ and 4.12 $mutextrm{s}$ for the positive and the negative cloud-to-ground return strokes, respectively. The mean of the zero-to-zero crossing time for the positive return strokes was 29.48 $mutextrm{s}$ compared with 38.54 $mutextrm{s}$ for the negative return strokes. The depths of the dip after the peak of return stroke electric fields also have the dependence on the polarity of cloud-to-ground return stroke, and the mean values for the positive and negative cloud-to-ground return strokes were 33.55 and 28.19%, respectively.

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Tests of a Four-Factor Asset Pricing Model: The Stock Exchange of Thailand

  • POJANAVATEE, Sasipa
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.117-123
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    • 2020
  • The objective of this study is to examine whether the four-factor model explains variation in the expected return of stocks on the Stock Exchange of Thailand. The study used individual monthly data for all stock with continuous trading on the Stock Exchange of Thailand. The study used sample data of 429 listed stocks to construct 8 portfolios bases on the industries. In this study, subject to market factors such as size, the book-to-market ratio, the market beta, and stock liquidity are taken into account. The Empirical analysis reveals that not all of the variables included in the four-factor asset pricing model are statistically significant to do affect the formation of the rate of return on stocks calculated on a monthly basis. The result shows that market beta, stock liquidity, and the book-to-market ratio has a significant increase in the rate of return on shares listed on the Consumer Products. It is therefore apparent that at least in respect of monthly analysis, the predictions of bass models in the field of modern finance theory systematic risk measured by the beta coefficient did play a significantly important role in the formation of the rate of return on the Stock Exchange of Thailand.

Analyzing the Business Performance of Internet Primary Banks and Local Banks Using Financial Characteristics (재무적 특성을 이용한 인터넷전문은행과 지방은행의 경영성과 분석)

  • Lee, Jong Hwa
    • The Journal of Information Systems
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    • v.33 no.1
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    • pp.115-131
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    • 2024
  • Purpose This study aims to analyse the impact of the development of fintech and the emergence of internet primary banks due to the increasing use of smartphones on the performance of traditional local banks from both financial and non-financial perspectives. Return on equity (ROE) and return on assets (ROA) are used to assess the performance differences between the two types of banks and how these differences are affected by their financial characteristics. Design/methodology/approach Using return on equity (ROE) and return on assets (ROA) as indicators, we identified the differences in operating performance between the two types of banks. In addition, this study analysed the impact of financial characteristics on profitability through regression analysis with various control variables. We further studied the impact of non-financial characteristics (customer reviews, social media reactions, etc.) on operating performance. Findings The net interest margin ratio of local banks had a positive impact, while the marketable securities ratio of Internet primary banks had a negative impact. The non-financial analysis shows that the number of customer reviews and social media reactions have a significant impact on the performance of Internet primary banks, suggesting that customer satisfaction and positive market perception are important factors in the performance of Internet primary banks.

Irrigation Return Flow Measurements and Analysis in a Small Size Paddy Area (소규모 논지대의 관개회귀수량 실측조사 및 분석)

  • Chung, Sang-Ok;Park, Ki-Jung
    • Journal of Korea Water Resources Association
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    • v.37 no.7
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    • pp.517-526
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    • 2004
  • Agricultural water plays an important role in the national water management. Irrigation return flow is the amount of irrigated water that returns to the river system. In the water resources development planing and management, an accurate estimation of the irrigation return flow is very important. In this study, a 5.5 ha small size paddy area in Kyungbuk province is selected and the water balance components are measured during the 2003 growing season. The total irrigation return flow ratio was 53.7%, of which 30.2% was rapid return flow and 23.5% was delayed return flow.

A Study on the Utilization of Empty House for Rural Activation in Korea (농촌지역 활성화를 위한 빈집 활용방안 연구 - 귀농·귀촌자의 주거안정 관점에서 -)

  • Lee, Chang-Woo;Ji, Nam-Seok
    • Journal of Korean Society of Rural Planning
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    • v.19 no.3
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    • pp.169-182
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    • 2013
  • The purpose of this study is derived by Utilization Strategy for Rural empty houses stability of Return to the Farm and Rural. The main findings can be summarized as follows. First, the recent return to the farm and rural has increased, and life patterns of diversification, and the retirement of the baby boomer generation return to the farm and rural ratio differed by region. Second, the required first order accurate and detailed to maximize the utilization of the rural empty houses Survey, and the integrated management system based on it should be built. Third, the public lead in pushing for policy to take advantage of an empty house, leasing and management capabilities by strengthening return to the farm and rural characters, revitalizing rural and residential stabilization is necessary. Finally, in order to enhance the utilization of the rural empty houses should prepare return to the farm and rural, Multi-Habitation and a common space for existing residents for a variety of purposes. The results of these studies has a significance that can promote rural housing return to the farm and rural, resource utilization and stable settlement, and rural areas activated at the same time. Utilization of specific rural empty houses feasible policy being prepared, by linking rural areas that can bring effects on the activation of alternative hope.

A Study on the Investment Portfolios of Stocks using DEA (DEA를 활용한 주식 포트폴리오 구성에 관한 연구)

  • Gu, Seung Hwan;Jang, Seong Yong
    • Korean Management Science Review
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    • v.31 no.3
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    • pp.1-12
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    • 2014
  • This study suggests the two types DEA models such as DEA CCR model and Super Efficiency model to evaluate the value of a company and to apply them for the investments. 14 kinds of real data of companies such as EV/EBITDA, EPS growth rate, PCR, PER, dividend yield, PBR, stock price/net current asset, debt ratio, current ratio, ROE, operating margin, inventory turnover, accounts receivable turnover, and sales growth ratio were used as input variables of DEA models. 12 year data from December 30, 2000 up to December 30, 2012 were collected, and the data with negative, missing and 0 values were removed reflecting the characteristics of the DEA. In order to verify the effectiveness of the models, we compared the historical variability and rate of return of both models those of the market. Study results are as follows. First, two DEA models are more stable than market in terms of rate of return because the historical variability of both models are less than that of market. Second, Super Efficiency model is more stable than CCR model. Lastly, the cumulative rate of return of Super Efficiency model (434%) is greater than that of the CCR model (420%) and that of the market (269%).

The Nexus Between Inventory Management and Firm Performance: A Saudi Arabian Perspective

  • HASHED, Abdul Wahid Ahmed;SHAIK, Abdul Rahman
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.297-302
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    • 2022
  • The current study examines the relationship between inventory management efficiency and financial performance in Saudi Arabian companies. The study collected data from the companies listed on Tadawul (a Saudi Arabian stock exchange) during the period starting from 2016 and ending in 2020. The study uses pooled regression model by incorporating Return on Assets (ROA) and Inventory Turnover Ratio (ITR) as a performance measurement variable and inventory conversion period as an inventory management variable to report the results. The results show a positive and significant association between inventory management and firms' financial growth measured in terms of Return on Assets (ROA). Further, the study reports a positive and significant association between the inventory conversion period and inventory turnover (ITR). This shows that managing inventory efficiently shall positively impact the firm's performance. The other variables, such as debt ratio and gross profit, are positively related to ROA and negatively correlated with ITR. The firm growth is positively associated with both the dependent variables. The results suggest that the management of inventory in Saudi Arabian firms is efficient. Further, the firm size is positively associated with ROA and ITR. This shows a nexus between inventory management efficiency and firms' financial growth in Saudi Arabian companies.

Estimation of Runoff Coefficient according to Revision of Design Criteria, in case of Park (설계기준 변경에 따른 유출계수 추정 - 공원을 중심으로 -)

  • Kim, Taegyun;Kim, Tae Jin;Lee, Bo-Rim
    • Journal of Wetlands Research
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    • v.18 no.3
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    • pp.209-217
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    • 2016
  • The rational method is formed area, rainfall intensity and runoff coefficient that is representation of land use or surface type. A runoff coefficient is a range for a each surface conditions. Drainage Sewer Design Guideline revised at 2011 proposes return periods 10~30 year instead of 5~10 year for increasing design flood. Ponce and ASCE refer higher values of runoff coefficient require for higher values of rainfall intensity and return period, therefore runoff coefficient had to be corrected but not. In case of park, land use and surface type are different from Korea and U.S, so impervious area ratio is different. The runoff coefficient for park is estimated considering with impervious area ratio and return period. 1,004's parks in 20 cities are randomly selected for impervious area ratio and runoff coefficient is estimated. And a proportion of 30 year return period runoff coefficient to 10 year return period with rainfall duration is calculated for 69 weather stations. The estimated runoff coefficient is 0.43~0.54 for return period 10~30 year and the difference of region and rainfall duration is not significant.

Understanding of a Rate of Return Analysis using an IRR (내부수익률을 이용한 수익률분석법에 대한 이해)

  • 김진욱;이현주;차동수
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.25 no.5
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    • pp.9-14
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    • 2002
  • A capital investment problem is essentially one of determining whether the anticipated cash inflows from a proposed project are sufficiently attractive to invest funds in the project. The net present value(NPV) criterion and internal rate of return(IRR) criterion are widely used as means of making investment decisions. A positive NPV means the equivalent worth of the inflows is greater than the equivalent worth of outflows, so, the project makes profit. Business people are familiar with rates of return because they all borrow money to finance ventures, even if the money they borrow is their own. Thus they are apt to use the IRR in preference to the NPV. The IRR can be defined as the discount rate that causes the net present value of a cash flow to equal zero. Why the project are accepted if the project's IRR is greater than the investor's minimum attractive rate of return\ulcorner Against the NPV, the definition cannot distinctly explain the concept of the IRR as decision criterion. We present a new definition of the IRR as the ratio of profit on the invested capital.