• 제목/요약/키워드: Stock assessment

검색결과 196건 처리시간 0.025초

Association of Financial Distress and Predicted Bankruptcy: The Case of Pakistani Banking Sector

  • ULLAH, Hafeez;WANG, Zhuquan;ABBAS, Muhammad Ghazanfar;ZHANG, Fan;SHAHZAD, Umeair;MAHMOOD, Memon Rafait
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.573-585
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    • 2021
  • The banking sector is one of the most important sectors in Pakistan's struggling economy. Recent studies have recommended that suitable methods can be applied to predict bankruptcy. In this context, this work analyzes Pakistan's banking sector's financial status through the five-factor Altman Z-score model, which determines the probability of bankruptcy for an organization. Banking data has been collected through the Pakistan Stock Exchange (PSX) in the period 2013-2017. The Z-score assessment criteria is defined as: Z> 2.99 - "safe" zone; Z> 1.8 Z>2.98- "grey" zone; and Z <1.8 - "distress" zone. Results show good predictions for the local banking industry, while most foreign Pakistani banks were found bankrupt with the Z-score below 1.1. One of the financial risks investors face when investing in any company is the risk of bankruptcy. One of the most used models for predicting financial distress for any company is Altman's Z-score model. On the other hand, the Z-score analysis suggests that all banking establishments are not bankrupt because they have sufficient ability to control bankruptcy. At the same time, foreign banks failed financially and would not be able to be sustained in the future because they do not have the ability to pay the short-term and long-term debt.

Seismic vulnerability assessment of existing private RC constructions in northern Algeria

  • Belhamdi, Nourredine;Kibboua, Abderrahmane;Tahakourt, Abdelkader
    • Earthquakes and Structures
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    • 제22권1호
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    • pp.25-38
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    • 2022
  • The RC private constructions represent a large part of the housing stock in the north part of Algeria. For various reasons, they are mostly built without any seismic considerations and their seismic vulnerability remains unknown for different levels of seismic intensity possible in the region. To support future seismic risk mitigation efforts in northern Algeria, this document assesses the seismic vulnerability of typical private RC constructions built after the Boumerdes earthquake (May 21, 2003) without considering existing seismic regulation, through the development of analytical fragility curves. The fragility curves are developed for four representative RC frames in terms of slight, moderate, extensive, and complete damage states suggested in HAZUS-MH 2.1, using nonlinear time history analyses. The numerical simulation of the nonlinear seismic response of the structures is performed using the SeismoStruct software. An original intensity measure (IM) is proposed and used in this study. It is the zone acceleration coefficient "A", through which the seismic hazard level is represented in the Algerian Seismic Regulations. The efficiency, practicality, and proficiency of the choice of IM are demonstrated. Incremental dynamic analyses are conducted under fifteen ground motion accelerograms compatible with the elastic target spectrum of the Algerian Seismic Regulations. In order to cover all the seismic zones of northern Algeria, the accelerograms are scaled from 0.1 to 2.5 in increments of 0.1. The results mainly indicate that private constructions built after the Boumerdes earthquake in the moderate and high seismic zones with four (04) or more storeys are highly vulnerable.

The development of the seismic fragility curves of existing bridges in Indonesia (Case study: DKI Jakarta)

  • Veby Citra Simanjuntak;Iswandi Imran;Muslinang Moestopo;Herlien D. Setio
    • Structural Monitoring and Maintenance
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    • 제10권1호
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    • pp.87-105
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    • 2023
  • Seismic regulations have been updated from time to time to accommodate an increase in seismic hazards. Comparison of seismic fragility of the existing bridges in Indonesia from different historical periods since the era before 1990 will be the basis for seismic assessment of the bridge stock in Indonesia, most of which are located in earthquake-prone areas, especially those built many years ago with outdated regulations. In this study, seismic fragility curves were developed using incremental non-linear time history analysis and more holistically according to the actual strength of concrete and steel material in Indonesia to determine the uncertainty factor of structural capacity, βc. From the research that has been carried out, based on the current seismic load in SNI 2833:2016/Seismic Map 2017 (7% probability of exceedance in 75 years), the performance level of the bridge in the era before SNI 2833:2016 was Operational-Life Safety whereas the performance level of the bridge designed with SNI 2833:2016 was Elastic - Operational. The potential for more severe damage occurs in greater earthquake intensity. Collapse condition occurs at As = FPGA x PGA value of bridge Era I = 0.93 g; Era II = 1.03 g; Era III = 1.22 g; Era IV = 1.54 g. Furthermore, the fragility analysis was also developed with geometric variations in the same bridge class to see the effect of these variations on the fragility, which is the basis for making bridge risk maps in Indonesia.

북서태평양 살오징어(Todarodes pacificus) 겨울계군의 크기에 따른 사망률 추정 (Estimation of Size-Specific Mortality of Common Squid Todarodes pacificus Winter Cohort in the Western North Pacific)

  • 이다민;고성길;정석근
    • 한국수산과학회지
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    • 제57권1호
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    • pp.69-78
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    • 2024
  • We have proposed a method for estimating the size-dependent mortality (M) of short-lived semelparous cephalopod species. To estimate the size-dependent mortality of a winter cohort of the common squid Todarodes pacificus, a commercially important cephalopod species in the North Pacific, we used the data and results of previous studies. On the basis of the bigger-is-better the steady-state hypothesis, we derived a theoretical mortality curve by assuming M as an inverse function of mantle length (ML). The derived constant for size-specific instantaneous mortality (q), assuming an embryonic survival rate of 86.6%, was 0.413 day-1 mm in ML. Estimates of life-stage-specific M ranged from 0.0280 to 0.435 day-1 for paralarvae, 0.00278 to 0.0269 day-1 for juveniles, 0.00197 to 0.00275 day-1 for pre-spawning adults, and 0.0913 to 0.0920 day-1 for post-spawning adults. Sensitivity analyses showed that the derived size-dependent M did not significantly change with varying embryonic survival rates, from 48%, the lowest reported value, to 100%. Additionally, comparison of the length frequencies derived from our simulations with those derived from catch data did not show a significant difference, suggesting that our approach and procedures are reliable for stock assessment and management of the common squid.

The Value of Computed Tomography Scan in Three-dimensional Planning and Intraoperative Navigation in Primary Total Hip Arthroplasty

  • Fabio Mancino;Andreas Fontalis;Ahmed Magan;Ricci Plastow;Fares S. Haddad
    • Hip & pelvis
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    • 제36권1호
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    • pp.26-36
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    • 2024
  • Total hip arthroplasty (THA) is a frequently performed procedure; the objective is restoration of native hip biomechanics and achieving functional range of motion (ROM) through precise positioning of the prosthetic components. Advanced three-dimensional (3D) imaging and computed tomography (CT)-based navigation are valuable tools in both the preoperative planning and intraoperative execution. The aim of this study is to provide a thorough overview on the applications of CT scans in both the preoperative and intraoperative settings of primary THA. Preoperative planning using CT-based 3D imaging enables greater accuracy in prediction of implant sizes, leading to enhancement of surgical workflow with optimization of implant inventory. Surgeons can perform a more thorough assessment of posterior and anterior acetabular wall coverage, acetabular osteophytes, anatomical landmarks, and thus achieve more functional implant positioning. Intraoperative CT-based navigation can facilitate precise execution of the preoperative plan, to attain optimal positioning of the prosthetic components to avoid impingement. Medial reaming can be minimized preserving native bone stock, which can enable restoration of femoral, acetabular, and combined offsets. In addition, it is associated with greater accuracy in leg length adjustment, a critical factor in patients' postoperative satisfaction. Despite the higher costs and radiation exposure, which currently limits its widespread adoption, it offers many benefits, and the increasing interest in robotic surgery has facilitated its integration into routine practice. Conducting additional research on ultra-low-dose CT scans and examining the potential for translation of 3D imaging into improved clinical outcomes will be necessary to warrant its expanded application.

울산 태화강 바지락의 자원평가 및 관리방안에 관한 연구 (The study of stock assessment and management implications of the Manila clam, Ruditapes philippinarum in Taehwa river of Ulsan)

  • 최영민;윤상철;이성일;김종빈;양재형;윤병선;박정호
    • 한국패류학회지
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    • 제27권2호
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    • pp.107-114
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    • 2011
  • 바지락 (Ruditapes philippinarum) 은 모래와 진흙이 많은 연안에 주로 분포하지만 드물게 울산의 태화강처럼 하천의 중류나 하류에서도 분포한다. 울산 태화강에서는 예전부터 바지락이 서식해 왔으며 인근 어민들의 전통적인 소득원으로서 주요 수산자원의 대상이 되어 왔다. 본 연구는 2009년 6월부터 2010년 6월까지 바지락의 현장조사를 통하여 자원생태학적 특성, 자원량 및 적정어획량 등의 자원평가를 실시하고 지속가능한 자원관리의 방안 제시 및 어업정책 수립을 위한 기초자료를 확보하고자 하였다. 태화강 바지락의 수명은 6세로 추정되었고 von Bertalanffy growth function에 의하여 성장계수 K 및 $L_{\infty}$은 0.341 및 46.64 cm로 구해졌다. Pauly 방법에 의한 순간전사망계수 (Z) 및 어획개시연령 ($t_c$) 은 1.171/년과 1.37년으로 구해졌고 현재의 순간어획사망계수는 0.626/년으로 계산되었다. 바지락의 자원량은 총 서식면적 $1.46\;km^2$과 평균 면적당 생체량 1,005.3 g/$m^2$으로 1,483톤으로 추정되었다. 조사해역 바지락의 순간어획사망계수 (F) 에 대한 가입당생산량 (Y/R) 과 어획개시연령 ($t_c$) 과의 관계는 현재의 어획개시연령인 1.37세, 현재의 순간어획사망계수 F 에서 가입당생산량이 1.38 g임을 나타내고 있으며 적정어획사망계수 ($F_{0.1}$)에 의한 연간 생물학적 허용어획량 (ABC) 은 512톤으로 산정되었다.

다중시기 항공 LiDAR를 활용한 도시림 개체목 수고생장분석 (Analysis of the Individual Tree Growth for Urban Forest using Multi-temporal airborne LiDAR dataset)

  • 김성열;김휘문;송원경;최영은;최재용;문건수
    • 한국환경복원기술학회지
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    • 제22권5호
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    • pp.1-12
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    • 2019
  • It is important to measure the height of trees as an essential element for assessing the forest health in urban areas. Therefore, an automated method that can measure the height of individual tree as a three-dimensional forest information is needed in an extensive and dense forest. Since airborne LiDAR dataset is easy to analyze the tree height(z-coordinate) of forests, studies on individual tree height measurement could be performed as an assessment forest health. Especially in urban forests, that adversely affected by habitat fragmentation and isolation. So this study was analyzed to measure the height of individual trees for assessing the urban forests health, Furthermore to identify environmental factors that affect forest growth. The survey was conducted in the Mt. Bongseo located in Seobuk-gu. Cheonan-si(Middle Chungcheong Province). We segment the individual trees on coniferous by automatic method using the airborne LiDAR dataset of the two periods (year of 2016 and 2017) and to find out individual tree growth. Segmentation of individual trees was performed by using the watershed algorithm and the local maximum, and the tree growth was determined by the difference of the tree height according to the two periods. After we clarify the relationship between the environmental factors affecting the tree growth. The tree growth of Mt. Bongseo was about 20cm for a year, and it was analyzed to be lower than 23.9cm/year of the growth of the dominant species, Pinus rigida. This may have an adverse effect on the growth of isolated urban forests. It also determined different trees growth according to age, diameter and density class in the stock map, effective soil depth and drainage grade in the soil map. There was a statistically significant positive correlation between the distance to the road and the solar radiation as an environmental factor affecting the tree growth. Since there is less correlation, it is necessary to determine other influencing factors affecting tree growth in urban forests besides anthropogenic influences. This study is the first data for the analysis of segmentation and the growth of the individual tree, and it can be used as a scientific data of the urban forest health assessment and management.

우리나라 산림의 지상부 탄소저장량과 종 다양성 및 구조적 다양성과의 관계 (Relationships between Above-ground Carbon Stock and Species and Structural Diversity in South Korean Forests)

  • 정헌모;김의주;박재훈;김해란
    • 생태와환경
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    • 제57권3호
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    • pp.123-133
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    • 2024
  • 우리나라 산림의 지상부 탄소저장량과, 종 다양성 및 구조적 다양성과의 관계를 분석하기 위하여 과거 10년 동안의 환경영향평가 계획에서 조사된 식생조사표를 수집하였다. 이 중 이용 가능한 자료를 선별하여 계획별로 수종, DBH, 면적 등의 자료를 정리하였다. 정리된 자료는 산림 유형별로 구분하고 지상부 탄소저장량을 산정, 비교하였으며 지상부 탄소저장량과 생물종 다양성 및 구조적 다양성과의 상관성을 분석하였다. 분석 결과 산림의 지상부 탄소저장량은 혼효림과 활엽수림에서 많고 침엽수림에서 적어 기존의 연구와 비슷하였다. 그러나 혼효림에서는 인공림보다 자연림에서 지상부 탄소저장량이 많았으나 활엽수림에서는 인공림이 더 많았고 침엽수림에서는 자연림과 인공림 간의 차이가 없어 뚜렷한 경향성이 없었다. 이는 대상 지역의 생물학적, 환경적 요인 등 다양한 영향에 의한 결과로 탄소저장에 영향을 분석하기 위한 연구가 필요할 것으로 판단된다. 생물다양성과 지상부 탄소저장량과의 상관성 분석 결과 상관관계가 없었고 구조적 다양성과 지상부 탄소저장량은 중간 정도의 양의 상관관계가 있었다. 이는 산림의 지상부 탄소저장량은 수목의 직경이 다양하고 직경에 따른 수종의 비율과 개체수의 균등도 증가와 관련이 있음을 나타낸다. 그리고 산림의 발달과정에서 종 다양성과 구조적 다양성이 높아지고 식물 생장에 필요한 자원의 이용 효율이 높아져 식물의 생산성과 저장량이 늘어나는 것으로 분석되었다. 본 연구가 수행된 산림은 평균 DBH가 14.8~23.7 cm인 비교적 젊은 산림인 것을 고려했을 때 생물다양성 및 구조적 다양성이 증가함에 따라 탄소저장량도 더욱 많아질 것으로 판단된다. 향후 산림의 탄소저장량 평가 및 증대를 위한 정책적 활용을 위해 탄소 저장량에 대한 다양성의 관계를 정량적으로 평가할 수 있는 기법을 개발하기 위한 많은 연구가 필요할 것으로 사료된다.

담수산 어류 꺽지 (Coreoperca herzi)의 자원 평가 및 관리 방안 연구: 섬진강 중.상류 수계에서 꺽지의 개체군 생태학적 특성치 추정 (1) (A Study on the Stock Assessment and Management Implications of the Korean Aucha perch (Coreoperca herzi) in Freshwater: (1) Estimation of Population Ecological Characteristics of Coreoperca herzi in the Mid-Upper System of the Seomjin River)

  • 장성현;류희성;이정호
    • 생태와환경
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    • 제43권1호
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    • pp.82-90
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    • 2010
  • 본 연구는 섬진강 중 상류 수계의 꺽지자원에 대해서 자원평가의 기초로 사용되는 자원생태학적 특성치들을 분석하고자 하였다. 연령사정을 위한 연령형질로서 이석(otolith)을 사용하였으며, 연령사정 결과, 최고연령은 5세로 나타났다. 체장(BL)과 체중(BW)의 관계식은 $BW=0.0195BL6{3.08}$($R^2=0.966$) 이었으며, 윤문이 형성되었을 때의 체장을 역계산하기 위한 체장(BL)과 이석경(R)과의 관계식은 BL=3.882R+1.66($R^2=0.944$)로 나타났다. 비선형회귀방법을 이용한 von Bertalanffy 성장모델의 매개변수는 이론적 최대체장($L_{\infty}$)이 19.68 cm, 이론적 최대체중($L_{\infty}$)이 188.64 g, 성장계수(K)가 0.17, 체장이 0 일 때의 연령이 -1.46세 등으로 각각 추정되었다. 이를 통해 추정된 성장식은 Lt=19.68(1-$e^{-0.17(t+1.46)}$)($R^2=0.997$)로 나타났다. 생존율을 추정하는 6가지 방법 중 평방오차합(Sum of squared error: SSQ) 이 가장 작은 어획물곡선법을 이용하여 생존율을 추정하였으며, 추정된 생존율(S)는 $0.666\;year^{-1}$으로 확인되었다. 순간자연사망계수(M)와 순간전사망계수(Z)는 $0.346\;year^{-1}$$0.407\;year^{-1}$로 각각 추정 되었으며, 이를 통해 확인된 순간어획사망계수(F)는 $0.061\;year^{-1}$로 확인되었다.

기업의 디지털 평판 측정 기법 연구 (A Study upon Online Measurement techniques of Corporate Reputation)

  • 김승희;김우제;이광석
    • 한국컴퓨터정보학회논문지
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    • 제18권9호
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    • pp.139-152
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    • 2013
  • SNS의 증가로 기업의 평판이 영업과 주가에 영향을 미치고 있다는 다양한 연구가 발표되고 있으나, 디지털 상에서 기업 평판 측정 방법과 관련한 연구는 상대적으로 미흡하다. 본 연구는 사전 연구 집대성을 통해 기업의 디지털 평판 정보를 기업 정체성 정보와 기업 인지 정보로 구분하고, 정체성 평가를 위해 (1)제품 및 서비스 질 (2)고용환경 (3)기업 비전 (4)사회적 책임 (5)경영 성과 5개 항목을, 인지 평가를 위해 (1)호감(선(善)) (2)능력(능(能)) (3)진취성(흥(興)) (4)세련(격(格)) (5)무정함(권(權)) (6)비공식성 6개 항목으로 구분하여 평판 검색용 워드 아이템(Word Item)을 추출하고 설문을 통해 빈도 분석을 실시하여 기업의 평판 측정값을 계량화 하는 방법을 고안하였다. 또한 이의 검증을 위하여 상용 평판 서비스를 활용하여 국내 SI 3사의 평판을 측정하였다. 본 연구는 기업의 정체성과 인지(이미지나 소통)를 세분화하여 기업의 평판 측정을 시도한 최초의 연구이며, 빈도 분석을 통해 검증된 워드 아이템을 활용하여 평판 점수로 측정하는 산식을 제안함으로써 업무 적용성을 높였다는데 그 의의가 있다.