• 제목/요약/키워드: Stock Management

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Measuring the Managerial Efficiency of Insurance Companies in Saudi Arabia: A Data Envelopment Analysis Approach

  • NAUSHAD, Mohammad;FARIDI, Mohammad Rishad;FAISAL, Shaha
    • The Journal of Asian Finance, Economics and Business
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    • 제7권6호
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    • pp.297-304
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    • 2020
  • This paper applies the Data Envelopment Analysis (DEA) to compute the managerial efficiency of 30 insurance companies listed on the Saudi stock exchange for the duration of four years from 2015 to 2018. The companies taken as a sample of study included both conventional and Takaful insurance companies. The insurance sector of KSA is one of the largest sectors in the country, contributing a substantial percentage in the non-oil economy. Efficiency measurement and evaluation will provide a venue to introspect and benchmark frontiers to the sector. In the present study, we have utilized the basic Banker Charnes Cooper and Charnes Copper Rhodes models of DEA. Two inputs, namely, general & administrative expenses and policy & acquisition costs, and two outputs (Net premium earned and Investment Income & other incomes) were taken for efficiency calculations. The final outcomes of the study reveal that a good number of insurance companies operating in KSA are found to be efficient on managerial efficiency scale. Three firms remain the leader on the frontier of the managerial efficiency. And no company found with zero (0) efficiency or a negative efficiency. It is expected that the outcome of the study will provide benchmarks to managers and a road map to further improvement.

효과적인 지식창출을 위한 인터넷 상의 지식채굴과정: 주식시장에의 응용 (Knowledge Discovery Process In Internet For Effective Knowledge Creation: Application To Stock Market)

  • 김경재;홍태호;한인구
    • 한국데이타베이스학회:학술대회논문집
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    • 한국데이타베이스학회 1999년도 춘계공동학술대회: 지식경영과 지식공학
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    • pp.105-113
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    • 1999
  • 최근 데이터와 데이터베이스의 폭발적 증가에 따라 무한한 데이터 속에서 정보나 지식을 찾고자하는 지식채굴과정 (knowledge discovery process)에 대한 관심이 높아지고 있다. 특히 기업 내외부 데이터베이스 뿐만 아니라 데이터웨어하우스 (data warehouse)를 기반으로 하는 OLAP환경에서의 데이터와 인터넷을 통한 웹 (web)에서의 정보 등 정보원의 다양화와 첨단화에 따라 다양한 환경 하에서의 지식채굴과정이 요구되고 있다. 본 연구에서는 인터넷 상의 지식을 효과적으로 채굴하기 위한 지식채굴과정을 제안한다. 제안된 지식채굴과정은 명시지 (explicit knowledge)외에 암묵지 (tacit knowledge)를 지식채굴과정에 반영하기 위해 선행지식베이스 (prior knowledge base)와 선행지식관리시스템 (prior knowledge management system)을 이용한다. 선행지식관리시스템은 퍼지인식도(fuzzy cognitive map)를 이용하여 선행지식베이스를 구축하여 이를 통해 웹에서 찾고자 하는 유용한 정보를 정의하고 추출된 정보를 지식변환시스템 (knowledge transformation system)을 통해 통합적인 추론과정에 사용할 수 있는 형태로 변환한다. 제안된 연구모형의 유용성을 검증하기 위하여 재무자료에 선행지식을 제외한 자료와 선행지식을 포함한 자료를 사례기반추론 (case-based reasoning)을 이용하여 실험한 결과, 제안된 지식채굴과정이 유용한 것으로 나타났다.

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양식산 무지개송어 (Oncorhynchus mykiss) 2배체 및 유도된 3배체의 염색체 다형현상 (Chromosomal Polymorphism in Diploid and Induced Triploid Rainbow Trout, Oncorhynchus mykiss)

  • 김동수;김종만;박인석
    • 한국양식학회지
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    • 제3권2호
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    • pp.145-153
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    • 1990
  • 국내에서 양식되고 있는 무지개송어의 유전학적 동정 (genetic stock indentification)의 일환으로 염색체 분석을 실시한 결과 염색체 수 2n=60 및 2n=61의 개체 간 염색체 다형 현상이 발견되었다. Idiogram 분석 결과 이와 같은 염색체 다형 현상은 Robertsonian 전좌에 의해 중부 염색체 (metacentiric chromosome) 1개가 1쌍의 단부 염색체(acrocentric chromosome)로 나누어지기 때문 (Robertosoman fission)이었다. 염색체수 60개 및 61개인 개체의 집단 내 빈도는 각각 $38\%$$62\%$였으며 염색체 수 61개인 개체들에서는 암컷의 비율이 수컷에 비해 높게 나타났다. 염색체 다형 현상을 보인 친어들로부터 3배체를 유도한 결과 유도된 3배체의 염색체 수 분포는 90, 91, 92 및 93개로 나타났으나 염색체 arm의 수는 모두 156개로 2배체와 동일하게 Robersonian 전좌에 기인한 다형 현상을 나타내었다.

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국내외 조리시간의 갈등요인에 관한 연구 (A Study on Complication factors between foreign and domestic chefs)

  • 최수근;조우제
    • 한국조리학회지
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    • 제6권3호
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    • pp.99-118
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    • 2000
  • This study attempts to identify the level of conflicts occurring between foreign and domestic chefs, and to suggest the way of controlling those conflicts in order to well manage human resources, foreign chefs. Based on the empirical research, the research findings shows that in terms of targeting and achieving objectives different level of conflicts are experienced when age, hotel type, position varies. For example. purchasing excessive foreign foods may cause undesirable stock which will lead to considerable loss. In order to overcome this problem the advantages of the chain-operated and the independent hotel's food purchasing system must be incorporated. Secondly, another conflicts arise when the architecture and system of a kitchen is different from what foreign chefs are familiar with. Kitchen architecture and system should be well-designed in terms of delivery channel, sanitation, safety, food control, banquet etc.. In developing menu, chefs often have different criteria in the scale of sweet and salt of a particular dish. Foreign chefs often blame his subordinates for not meeting his requirements without proper training or education. Finally, because of the different culture, communication as well as the lack of mutual understanding problem occur. Even though today is called global town. some chefs do not seem to open their minds to learn other developing countries' culture. In diversity management aspect, chefs need to put much effort to be aware of other countries' culture, history, political and economic situation. In prior to employing foreign chefs, the job enrollment and description must be prepared so as to minimize the conflicts, which otherwise will create poor job performance.

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Business Information Visuals and User Learning : A Case of Companies Listed on the Stock Exchange of Thailand

  • Tanlamai, Uthai;Tangsiri, Kittisak
    • Journal of Information Technology Applications and Management
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    • 제17권1호
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    • pp.11-33
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    • 2010
  • The majority of graphs and visuals made publicly available by Thai listed companies tend to be disjointed and minimal. Only a little over fifty percent of the total 478 companies included graphic representations of their business operations and performance in the form of two or three dimensional spreadsheet based graphs in their annual reports, investor relations documents, websites and so on. For novice users, these visual representations are unlikely to give the big picture of what is the company's financial position and performance. Neither will they tell where the company stands in its own operating environment. The existing graphics and visuals, in very rare cases, can provide a sense of the company's future outlook. For boundary users such as audit committees whose duty is to promote good governance through transparency and disclosure, preliminary interview results show that there is some doubt as to whether the inclusion of big-picture visuals can really be of use to minority shareholders. These boundary users expect to see more insightful visuals beyond those produced by traditional spreadsheets which will enable them to learn to cope with the on-going turbulence in today's business environment more quickly. However, the debate is still going on as to where to draw the line between internal or external reporting visuals.

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경기불황에 따른 자영업가구의 재정비율의 변화분석 -1997년 대비 1998년의 재정비율분석 비교- (Analysis of Financial Ratio Change in Self-Employed Households with Economy Depression -A Comparison between year of 1997 and 1998-)

  • 배미경
    • 가정과삶의질연구
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    • 제19권4호
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    • pp.211-223
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    • 2001
  • This study analyzed the financial ratio change of self-employed households between 1997 and 1998. The data were drawn from Korean Households Panel Study and utilitze7 descriptive statistics such as frequency, percentile to investigate the differences between two period of time, 1997 and 1998. The sampe size in 1997 was 692 householdsand and 600 households in 1998. The mean of financial asset showed that in 1997, self-employed households had much less in liquidity assets, especially in bank-related income, stock, but had more in real-estate, Gye, and private loan than those in 1998. In cases of debt-owned, the self-employed tended to have more debt in non-bank related and it illustrates that the self-employed may experience the difficulties to access the financial assistance in economic depression. Using guideline of each ratios, for six financial ratios, self-employed could meet less proper level$ in 1998 compared to those in 1997. It proves that the economic crisis affect the stability of income and financial assets of self-employed households and types of financial assets changes because of the stability.

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Extended Forecasts of a Stock Index using Learning Techniques : A Study of Predictive Granularity and Input Diversity

  • ;이동윤
    • Asia pacific journal of information systems
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    • 제7권1호
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    • pp.67-83
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    • 1997
  • The utility of learning techniques in investment analysis has been demonstrated in many areas, ranging from forecasting individual stocks to entire market indexes. To date, however, the application of artificial intelligence to financial forecasting has focused largely on short predictive horizons. Usually the forecast window is a single period ahead; if the input data involve daily observations, the forecast is for one day ahead; if monthly observations, then a month ahead; and so on. Thus far little work has been conducted on the efficacy of long-term prediction involving multiperiod forecasting. This paper examines the impact of alternative procedures for extended prediction using knowledge discovery techniques. One dimension in the study involves temporal granularity: a single jump from the present period to the end of the forecast window versus a web of short-term forecasts involving a sequence of single-period predictions. Another parameter relates to the numerosity of input variables: a technical approach involving only lagged observations of the target variable versus a fundamental approach involving multiple variables. The dual possibilities along each of the granularity and numerosity dimensions entail a total of 4 models. These models are first evaluated using neural networks, then compared against a multi-input jump model using case based reasoning. The computational models are examined in the context of forecasting the S&P 500 index.

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젖소 신생송아지의 질병발생에 관한 조사연구 (Epidemiological Investigation of Diseases in Dairy Suckling Calves)

  • 권오덕;김남수;채준석;박명규;김민석;유제춘;이주묵
    • 한국임상수의학회지
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    • 제17권1호
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    • pp.102-108
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    • 2000
  • This study was carried out to investigate the epidemiological prevalence of diseases from birth to weaning in 66 dairy calves which were delivered from three stock farm in Chonbuk area. We examined body weight gain, incidence rate of diseases and population mortality rate in relation to age, season, environmental temperature and rearing management conditions for one year. The results of this experiment were as follows: Birth weight of dairy calves born of primiparae was lower than those of multiparae. But no significant difference in body weight gain was observable between dairy calves born of primiparae and those of multiparae. Body weight gain of diseased calves was lower than normal calves. Of 66 delivered calves, 34 calves(51.5%) were affected with gastronitestinal and/or respiratory diseases. The prevalence of the diseases were gastrointestinal disease(28.7%), respiratory disease(18.2%), and gastronitestinal and respiratory disease(4.6%). The gastronitestinal disease was occurred contrinually regardless of the season. Whereas all of the respiratory disease were occurred in winter and a change of season(December to April). 68.4% of the gastronitestinal disease, and all of the respiratory disease were occurred at atmospheric temperatures below 1$0^{\circ}C$. 89.5% of the gastronitestinal disease were occurred within 3 weeks old, whereas 50% of the respiratory disease were occurred intensively between 3 weeks and 4 weeks old. Of 66 delivered dairy claves, 2 calves were died(3%) with respriratory disease.

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소매점 공급사슬에서 소매점주도와 공급자주도 재고정책에 대한 비교 연구 (A Comparison Study on Retailer-managed and Vendor-managed Inventory Policies in the Retail Supply Chain)

  • 홍성철;박양병
    • 대한산업공학회지
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    • 제32권4호
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    • pp.382-392
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    • 2006
  • Vendor-managed inventory policy(VMIP) is a supply-chain initiative where the supplier is authorized to manage inventories of items at retail locations. In VMIP, the supplier monitors sales and stock information at retail locations and makes decisions of inventory replenishment and transportation simultaneously. VMIP has been known as an effective supply chain strategy that can realize many of benefits obtainable only in a fully integrated supply chain. However, VMIP does not always lead to lower the supply chain cost. It sometimes generates the total supply chain cost higher than the traditional retailer-managed inventory policy (RMIP). In this paper, we perform a comparison study on RMIP and VMIP in the retail supply chain which consists of a single supplier and a number of retailers. We formulate mixed integer programming models for both RMIP and VMIP with vehicle routing problems and perform computational experiments on various test problems. Furthermore, we derive the conditions which guarantee the dominant position for VMIP with respect to total supply chain cost in the simple retail supply chain.

동적 계획법을 이용한 LNG 현물시장에서의 포트폴리오 구성방법 (Optimal LNG Procurement Policy in a Spot Market Using Dynamic Programming)

  • 류종현
    • 대한산업공학회지
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    • 제41권3호
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    • pp.259-266
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    • 2015
  • Among many energy resources, natural gas has recently received a remarkable amount of attention, particularly from the electrical generation industry. This is in part due to increasing shale gas production, providing an environment-friendly fossil fuel, and high risk of nuclear power. Because South Korea, the world's second largest LNG importing nation after Japan, has no international natural gas pipelines and relies on imports in the form of LNG, the natural gas has been traditionally procured by long term LNG contracts at relatively high price. Thus, there is a need of developing an Asian LNG trading hub, where LNG can be traded at more competitive spot prices. In a natural gas spot market, the amount of natural gas to be bought should be carefully determined considering a limited storage capacity and future pricing dynamics. In this work, the problem to find the optimal amount of natural gas in a spot market is formulated as a Markov decision process (MDP) in risk neutral environment and the optimal base stock policy which depends on a stage and price is established. Taking into account price and demand uncertainties, the basestock target levels are simply approximated from dynamic programming. The simulation results show that the basestock policy can be one of effective ways for procurement of LNG in a spot market.