• Title/Summary/Keyword: Stock data

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A Study on the Extracting the Core Input and Output Variables in Construction Company using DEA and PCA (DEA와 PCA를 이용한 건설기업의 핵심 투입-산출변수 추출에 관한 연구)

  • Lee, Kyung-Joo;Park, Jung-Lo;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.5
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    • pp.94-102
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    • 2012
  • Recently, the global financial crisis and the increasing number of unsold houses in Korea are construction companies to assess their efficiency. The most important factor in analyzing the efficiency of a company is the input-output variable. However, systematic stud the core input-output variables, which have a great influence on the efficiency analysis. Thus, to the core input-output variables for efficiency analysis of construction companies, this study propose a model that includes all combinations of input-output variables and to find the core input-output variables using the Data Envelopment Analysis(DEA) model and Principal Component Analysis(PCA). Existing research and theories were studied variables and 21 models were established to measure efficiency. were obtained that the core input and output variable in 2006 the number of employees and sales. For 2008, the core input variable was capital stock and the core output variable was quarterly net profit. For 2010, the core input variable was fixed asset and the core output variable was sales. Through obtaining the variables that greatly affect the efficiency of construction companies, it is considered that individual construction companies will be able to prepare a priority strategy to enhance efficiency.

Generalization of Window Construction for Subsequence Matching in Time-Series Databases (시계열 데이터베이스에서의 서브시퀀스 매칭을 위한 윈도우 구성의 일반화)

  • Moon, Yang-Sae;Han, Wook-Shin;Whang, Kyu-Young
    • Journal of KIISE:Databases
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    • v.28 no.3
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    • pp.357-372
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    • 2001
  • In this paper, we present the concept of generalization in constructing windows for subsequence matching and propose a new subsequence matching method. GeneralMatch, based on the generalization. The earlier work of Faloutsos et al.(FRM in short) causes a lot of false alarms due to lack of the point-filtering effect. DualMatch, which has been proposed by the authors, improves performance significantly over FRM by exploiting the point filtering effect, but it has the problem of having a smaller maximum window size (half that FRM) given the minimum query length. GeneralMatch, an improvement of DualMatch, offers advantages of both methods: it can use large windows like FRM and, at the same time, can exploit the point-filtering effect like DualMatch. GeneralMatch divides data sequences into J-sliding windows (generalized sliding windows) and the query sequence into J-disjoint windows (generalized disjoint windows). We formally prove that our GeneralMatch is correct, i.e., it incurs no false dismissal. We also prove that, given the minimum query length, there is a maximum bound of the window size to guarantee correctness of GeneralMatch. We then propose a method of determining the value of J that minimizes the number of page accesses, Experimental results for real stock data show that, for low selectivities ($10^{-6}~10^{-4}$), GeneralMatch improves performance by 114% over DualMatch and by 998% iver FRM on the average; for high selectivities ($10^{-6}~10^{-4}$), by 46% over DualMatch and by 65% over FRM on the average.

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Spatial Characteristics of Korean Residential Distribution and Occupational Composition in China, United States, and Japan (재중.재미.재일동포의 거주지 분포와 직업구성의 공간적 특성)

  • Han, Ju-Seong
    • Journal of the Korean association of regional geographers
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    • v.4 no.2
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    • pp.219-234
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    • 1998
  • This study examines spatial characteristics of residential distribution and occupational composition of Korean emmigrants who live in China, United States, and Japan. The data used are The Conditions of Korean Emmigrants published by Ministry of Foreign Affairs in 1995. Analysis method used this data are as follows: 1) to clarify the tendency and spatial distribution of Korean emmigrants in each nation. 2) to grasp the residential distribution of Korean emmigrants in China, United States, and Japan where many Koreans have lived. 3) to analyze the occupational composition and its spatial characteristics of Korean emmigrants. The main findindgs obtained are summarized as follows: Farmer, forester, stock farmer, and fishery occupy over 50% of the employees of Korean emmigrants in China; traders and other employees occupy about three-fourths of the employees of Korean emmigrants in United States; and other employees occupy about 80% of the employees of Korean emmigrants in Japan. Therefore, the ratio of occupational composition of Korean emmigrants was influenced by emmigration motive, level of economic development of emmigration nation, restrictive condition for ethnic minority, and social status before emmigration etc. Specialized occupational composition in region where many Korean emmigrants in each nation lived was that the highest specialized occupation in region including primary city in population scale is trader; the highest specialized occupation in region including secondary city is manufacturing employee, and the highest specialized occupation in region including third city has transitional characteristics of each region including primary and secondary city. And professional occupation such as lawyer, doctor, religionist and educator appeared to the region including primary city. Finally, Korean emmigrants in United States and Japan contributed to the revitalization of inner city areas. And potential ethnic organization can be seen in church, mass media, and enterprise association in United States, but it can be seen in community shopping association in Japan, Because American society is based on Christianity but Japanese society is not.

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An Effective Similarity Search Technique supporting Time Warping in Sequence Databases (시퀀스 데이타베이스에서 타임 워핑을 지원하는 효과적인 유살 검색 기법)

  • Kim, Sang-Wook;Park, Sang-Hyun
    • Journal of KIISE:Databases
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    • v.28 no.4
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    • pp.643-654
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    • 2001
  • This paper discusses an effective processing of similarity search that supports time warping in large sequence database. Time warping enables finding sequences with similar patterns even when they are of different length, Previous methods fail to employ multi-dimensional indexes without false dismissal since the time warping distance does not satisfy the triangular inequality. They have to scan all the database, thus suffer from serious performance degradation in large database. Another method that hires the suffix tree also shows poor performance due to the large tree size. In this paper we propose a new novel method for similarity search that supports time warping Our primary goal is to innovate on search performance in large database without false dismissal. to attain this goal ,we devise a new distance function $D_{tw-Ib}$ consistently underestimates the time warping distance and also satisfies the triangular inequality, $D_{tw-Ib}$ uses a 4-tuple feature vector extracted from each sequence and is invariant to time warping, For efficient processing, we employ a distance function, We prove that our method does not incur false dismissal. To verify the superiority of our method, we perform extensive experiments . The results reveal that our method achieves significant speedup up to 43 times with real-world S&P 500 stock data and up to 720 times with very large synthetic data.

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Changes in Carbon Stocks of Coarse Woody Debris in National Forest Inventories: Focus on Gangwon Province (국가산림자원조사 자료를 활용한 고사목의 탄소저장량 변화: 강원도를 대상으로)

  • Moon, Ga Hyun;Yim, Jong Su
    • Journal of Korean Society of Forest Science
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    • v.110 no.2
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    • pp.233-243
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    • 2021
  • Considering worldwide efforts to mitigate repercussions of climate change, the South Korean government has declared to reach net zero by 2050 to achieve a carbon-neutral sustainable society. For full implementation of NDCs, the government has actively reflected its forestry sector into these strategies. Since coarse woody debris (CWD) in forests represents an enduring carbon storage, it is of particular significance to determine characteristics of changes in carbon stocks of CWD by utilizing data on dead trees monitored in permanent sample plots within national forest inventories (NFIs). In this study, therefore, both occurrence and carbon stocks of CWD were estimated in such plots using data on CWD from the 5th, 6th, and 7th NFIs. Subsequently, characteristics of changes in carbon stocks over time were analyzed. Based on the analysis of 2,021 plots available for monitoring in each NFI of Gangwon Province, the volume of CWD (m3 ha-1) was found to be 4.71 in the 5th NFI and 4.09 in the 6th NFI. However, the volume of CWD declined to 3.09 in the 7th NFI. Moreover, the annual carbon stocks of CWD (ton C ha-1) were estimated to be 0.67 in 2009, 0.64 in 2014, and 0.41 in 2019, showing a downward trend over time. This study provides a basis for future research to investigate long-term changes and estimate carbon stocks of CWD in South Korea forests.

A Comparative Analysis of Risk-to-Performance of Sale and Lease Back: Based on the cases of ship investment company investment and ship acquisition (매도후임대의 리스크 대비 성과의 비교분석: 선박투자회사 출자 및 선박 인수 사례를 중심으로)

  • Chang, Wook
    • Asia-Pacific Journal of Business
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    • v.12 no.1
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    • pp.135-149
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    • 2021
  • Purpose - I analyzes risk-to-performance evaluated in the market using data from sale and lease back. Specifically, I analyze from the perspective of financial institutions that purchase sale and lease back based on the cases of investment by ship investment companies and acquisition of ships. Design/methodology/approach - I use 49 sale and lease back data from 2017 to 2019 for empirical analysis. Findings - The main results of this paper are as follows. First, after sale and lease back of domestic ships, the average amount of sales by the leased shipping company is 25.1 billion won, the average amount of investment by the purchased financial institution is 14.6 billion won (60%) and the average length of the ship is nine years. In ship finance, sale and lease back is deemed to be appropriately used as a means of restructuring for a large amount of money. Second, the main risk factor for sale and lease back of domestic ships is credit risk and can be measured in VaR in practice. As a result of the empirical analysis, the average credit risk burden ratio is 9%. As a major risk factor, low creditworthiness of restructuring companies is the key. Third, as a result of measuring the profitability of financial institutions that purchase sale and lease back of domestic ships at a net current price, it has an average value of 300 million won, but the deviation by case is very large. Fourth, the risk adjusted performance of sale and lease back of domestic ships is 0.54 on average compared to the total risk capital, and 0.52 compared to the stock-risk capital, and as with profitability earlier, the deviation of each case is very large and misaligned. In order to boost the sale and lease back market for large and long-term assets, in order to overcome low profitability as a prerequisite for future participation of commercial purchased financial institutions, it is expected that purchase decisions based on expectations versus risk will be necessary. Research implications or Originality - The results of this paper are expected to broaden the understanding of sale and lease back and foster the ability to assess long-term risk and performance. Based on this, it is believed that rapid restructuring of companies through sale and lease back of large amounts of long-term assets will greatly increase the utility of the domestic financial market.

A Comparative Analysis of Efficiency Between Korean and Chinese Banks (한국과 중국 은행의 효율성 비교에 관한 연구)

  • Cho, Dae-Woo;Lee, Dong-Kuk
    • International Area Studies Review
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    • v.15 no.1
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    • pp.341-365
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    • 2011
  • This study used a non-parametric linear program, Data Envelopment Analysis to compare the efficiency of South Korean and Chinese banks from 2000 to 2008, which is said to be the reformation period of their financial structure. The sample banks were 10 commercial banks and 6 regional banks in Korea, and 4 state-owned commercial banks and 11 stock commercial banks in China. The main objective of our research is to compare their efficiency, as well as the changes in efficiency periodically according to the types of the banks. According to the periodical analysis, both of the countries showed steady increase in efficiency. This shows that finance restructure and merging were positive factors for bank's efficiency during the revolution of finance structure. The study showed that between Korea and China, the bank of Korea has higher efficiency than that of China. Although the reconstruction period happened around the same time, due to the earlier acceleration period to opening Korea's financial market, made the difference in efficiency.

Estimation of Carbon Storages and Fluxes by Ecosystem Type in Korea (국내 생태계 유형별 탄소 저장 및 거동 산정 연구 현황 분석)

  • Inyoung Jang;Heon Mo Jeong;Sang-Hak Han;Na-Hyun Ahn;Dukyeop Kim;Sung-Ryong Kang
    • Journal of Wetlands Research
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    • v.25 no.4
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    • pp.417-425
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    • 2023
  • As climate change gets severe, the ecosystem acts as an important carbon sink, therefore efforts are being made to utilize these functions to mitigate climate change. In this study, we inventoried and analyzed the previous studies related to carbon storage and flux by ecosystem type (forest, cropland, wetland, grassland, and settlement) and carbon pool (aboveground and belowground biomass, dead wood, Litter, soil organic carbon, and ecosystem) in Korean ecosystems. We also collected the results of previous studies and calculated the average value of carbon storage and flux for each ecosystem type and carbon pool. As a result, we found that most (66%) of Korea's carbon storage and fluxes studies were conducted in forests. Based on the results of forest studies, we estimated the storage by carbon stock. We found that much carbon is stored in vegetation (aboveground: 4,018.32 gC m-2 and belowground biomass: 4,095.63 gC m-2) and soil (4,159.43 gC m-2). In particular, a large amount of carbon is stored in the forest understory. For other ecosystem types, it was impossible to determine each carbon pool's storage and flux due to data limitations. However, in the case of soil organic carbon storage, the data for forests and grasslands were comparable, showing that both ecosystems store relatively similar amounts of carbon (4,159.43 gC m-2, 4,023.23 gC m-2, respectively). This study confirms the need to study carbon in rather diverse ecosystem types.

An Empirical Study on the Effects of Category Tactics on Sales Performance in Category Management - A Comparative Study by Store Type and Market Position - (카테고리 매출성과에 영향을 미치는 카테고리 관리 전술들에 대한 실증연구 - 점포유형과 시장포지션에 따른 비교분석 -)

  • Chun, Dal-Young
    • Journal of Distribution Research
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    • v.12 no.3
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    • pp.23-48
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    • 2007
  • Category management has been implemented to enhance competitiveness in the food distribution industry since 2000 in Korea. This study helps to understand why suppliers achieve better or worse performance than competitors in a category. The major objective of this article is to explore which category tactics are effective to have influence on category performance when suppliers as a category captain implement category management with variety enhancer categories like shampoo, toothpaste, and detergent. The Nielsen data were analyzed using regression and Chow test. The empirical results that were varied upon the store type and market position found out which specific actions on product assortments, pricing, shelving, and product replenishment can increase category sales. Specifically, in the case of market leader in large supermarket, the significant indicators of category sales with respect to category tactics are the out-of-stock rate, the variance across brand shares, the forward inventory, and the days supply of a product. However, in the case of follower in large supermarket, the significant indicators of category sales are the variance across brand shares, the forward inventory, and the days supply of a product. On the other hand, in the case of small supermarket, the significant factors on category sales for both market leader and follower are the retail distribution rate, the variance across brand shares, the forward inventory, and the days supply of a product category. In sum, regardless of the store type and market position, dominant brands in a category, the forward inventory, and short days supply of a product improved performance in all categories. Critical difference is that the out-of-stock rate acted as a key ingredient for the market leader between large and small supermarket and the retail distribution rate for the follower between large and small supermarket. This article presents some theoretical and managerial implications of the empirical results and finalizes the paper by addressing limitations and future research directions.

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Calculating the Audit Fee Based on the Estimated Cost (예정원가계산에 의한 감사보수 산정)

  • Mun, Tae-Hyoung
    • Management & Information Systems Review
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    • v.35 no.1
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    • pp.189-206
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    • 2016
  • It was required to attach the documents on the details of external audit including the number of the participants in external audit, audited parts and audit times under the Article 7-2 on the audit report to the accounting audit report from 2014 in accordance with the amendment to the Act on External Audit of Stock Companies. This study aim to calculate the audit fee based on the estimated cost of service calculation of the government contribution agencies by reflecting the implementation of the revised external audit. This study calculated the audit fee for the target company (a listed company assumed to have no internal control risks and relevant audit risks for unqualified opinion in the previous year, 100 billion won of total amount of asset, manufacturing company in the previous year and preliminary client request) by putting together four items of expenditure including employment costs, expenditure, general management expenses and profit in accordance with the calculation system of cost of service under the State Contract Act. Then, it used the data collected from the documents on the details of the revised external audit after requesting estimation on the target company with the estimated cost to Big-4 accounting firms to identify the participants and times of the accounting audit. The employment costs applied 150% of participation rate of the base price of employment costs for the academic research service cost in 2014, the expenditure used the average value of accounting firms of corporate business management analysis of the Bank of Korea (2013), the general management expenses applied 5% of the general management rate of service business under Article 7-1 of the Enforcement Rule of the Act on Contracts to which the State is a Party and the profit applied 10% of profit rate of service business under Article 7-2 of the Enforcement Rule of the Act on Contracts to which the State is a Party. Based on the calculation of the estimated costs by applying the above, the audit fee was estimated at 50,617,769won. Although the result is not the optimal audit fee, it may be used as a basic scale to compare the audit fees of companies without criteria. Also, such amendment to the Act on External Audit of Stock Companies may improve independence of auditors and transparency of the accounting system rather than previous announcing only the total audit times.

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