• 산업공학
• /
• 제18권2호
• /
• pp.184-192
• /
• 2005

In recent research there has been intense interest in understanding how real option valuation (ROV) approaches might usefully complement conventional discounted cash flow (DCF) techniques. However, investment decision makers in a real world have been worried about adopting the ROV approaches mainly because of difficulty in technically understanding the theory of the ROV approaches as indicated by many researchers. With this difficulty in mind, we propose the opportunity cost model as another discrete-time model to value a deferral option. The main advantage of observing a real options value in terms of the opportunity cost concept is to provide a technique for practitioners to estimate a wide range of real options values without sticking to a financial option modelling. The fundamental ground for developing the opportunity cost model proposed in this paper lies in the work of dissecting the structure of the real options value into three categories: capital gain, expected opportunity loss, and expected opportunity gain. At the end of the paper, we will present a short illustrative example to demonstrate the applicability of the model.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권3호
• /
• pp.157-165
• /
• 2020

This paper estimates the optimum level of reserves in Vietnam based on the approach of reserves' cost-benefit and sovereign risk which is one of developing countries' characteristics. The cost of reserves is the opportunity cost when holding reserves. The benefit of reserves is the loss due to country's default in case that there is no reserves to finance external debt payment. The optimum reserves is found out by minimizing the total of opportunity cost and loss due to country's default with the probability of default. Through the usage of HP Filter method for calculating the loss due to country's default, ARDL regression for the risk premium model and lending rate of VND as proxy for opportunity cost together with the Vietnamese economic data in the period of 2005 - 2017, the empirical results show that the optimum reserves in Vietnam is almost higher than the actual reserves during the research period except the point of Q3/2008 and the last point of research period - Q4/2017. Therefore, Vietnam should continue to increase reserves for safety but Vietnam does not need pushing quickly the speed of increasing reserves. In addition, controlling Vietnamese optimum reserves is necessary to help the actual reserves become reasonable.

• 대한가정학회지
• /
• 제46권10호
• /
• pp.71-81
• /
• 2008

This study aimed to identify the effects of adolescents' perceived risk on fashion brand conformity behavior. To analyze conformable fashion brand behavior with consideration to their reference group, 6 dimensions of perceived risk were adopted as explanatory variables. Reference group means people that a person refers to when evaluating his values & behaviors. Data were collected from 672 male and female students aged between 14 and 18. Factor analysis on perceived risk resulted in 6 dimensional structures: socio-psychological, time loss, functional, fashionability loss, performance and opportunity loss risk. Fashionability loss risk positively affected adolescent fashion brand conformity behavior according to their favorite celebrities. Performance risk positively affected in consideration to their parents, while opportunity loss risk had a negative effect on the same reference group. However, socio-psychological and fashionability loss risk positively affected adolescent fashion brand conformity behavior in consideration to their friends, while performance loss risk had negative effect on the same reference group. Adolescent groups divided by the 6 dimensions of perceived risk showed meaningful differences in their fashion brand conformable behavior in consideration to their reference groups.

• 한국정보시스템학회지:정보시스템연구
• /
• 제33권1호
• /
• pp.133-157
• /
• 2024

Purpose The purpose of this study is to identify the utility and sacrifice factors of paid membership in domestic e-commerce based on the value-based acceptance model, and to determine its impact on perceived value and intention to continue using e-commerce. Design/methodology/approach This study confirmed the perceived benefits and sacrifice factors of e-commerce paid membership through in-depth interviews, and verified the research model through an online survey. Findings The study identifies seven perceived benefit factors(differentiation, enjoyment, sharing, point benefit, discount benefit, contents benefit, and delivery benefit) and three perceived sacrifice factors(fee, opportunity loss, complexity). Structural model verification reveals that discount benefit, delivery benefit, and opportunity loss significantly impact the perceived value in Coupang Rocket Wow, while discount benefit, point benefit, and fee significantly influence the perceived value in Naver Plus membership. The perceived value of both memberships positively influences the intention to continue using the respective e-commerce platforms. A comparison highlights a significant difference in the impact of opportunity loss on perceived value between Coupang Rocket Wow and Naver Plus memberships.

• 한국건설관리학회:학술대회논문집
• /
• 한국건설관리학회 2003년도 학술대회지
• /
• pp.359-364
• /
• 2003

공기지연과 관련하여 발생하는 간접비(Markup)에 구성된 잠재적 기회이익부분이 계약금액의 조정에서 제한된 계약제도, 배상요건으로서의 법익침해 해석문제, 또는 회계의 비용으로서 인식되지 않음으로 인해 배상되지 않고 있다. 국내외적으로 회계기준은 발생주의, 법익의 개념상 손해배상의 범위를 주로 제한배상주의에 기하여 채택하고 있어 불법행위에 의한 후속적 특수손해인 기회이익의 직접상실손해는 채무로서 인정되지 않아 배상되어지지 않기 때문이다. 따라서 일방의 계약위반으로 공기가 지연된다면, 그로 인한 계약당사자간의 직${\cdot}$간접적인 후속 손해가 발생하게 되므로 그 손해의 크기를 정량화하고 법규정의 배상적용타당성 검증과 배상체계에 관한 합리적 적용방안을 마련할 필요가 있다.

• 한국농공학회논문집
• /
• 제59권5호
• /
• pp.109-126
• /
• 2017

Universal soil loss equation (USLE) is used to estimate soil loss solely or employed in any hydrologic models. Since soil erosion has been an issue in South Korea for decades, the Ministry of Environment enacted a law to regulate soil erosion in 2012, which is the Notification of topsoil erosion status. The notification is composed of preliminary and field investigations, the preliminary investigation suggests to use USLE and provides USLE factors. However, the USLE factors provided in the notification was prepared at least 10 years ago, therefore it is limited to reflect recent climate changes. Moreover the current yearly USLE approach does not provide an opportunity to consider seasonal variation of soil erosion in South Korea. A GIS-based model was therefore applied to evaluate the yearly USLE approach in the notification. The GIS-based model employs USLE to estimate soil loss, providing an opportunity to estimate monthly soil loss with monthly USLE factor databases. Soil loss was compared in five watersheds, which were Geumgang, Hangang, Nakdonggang, Seomjingang, and Yeongsangang watersheds. The minimum difference was found at Seomjingang watershed, the yearly potential soil loss were 40.15 Mg/ha/yr by the notification approach and 34.42 Mg/ha/yr by the GIS-based model using monthly approach. And, the maximum difference was found at Nakdonggang watershed, the yearly potential soil loss were 27.01 Mg/ha/yr by the notification approach and 10.67 Mg/ha/yr by the GIS-based model using monthly approach. As a part of the study result, it was found that the potential soil loss can be overestimated in the notification approach.

• 대한안전경영과학회지
• /
• 제21권2호
• /
• pp.15-23
• /
• 2019

Among service industries of knowledge based economic era, the roles of educational service field are becoming more important and standard of educational service makes a direct effect on economic development and social growth. Therefore, accurate measurement of service quality is the most important assignment and the measurement of the service quality remains difficult assignment. So, this researcher classified quality attributes applying weighted value and found potential satisfaction level(PSL) and potential customer demand improvement index(PCDI) for trainees participating in national manpower business so as to suggest measurement of service quality and easiness of use and then, calculated satisfaction position and opportunity cost by quality factor with Taguchi's loss fraction. And, improvable satisfaction level was measured, opportunity cost by degree of customer dissatisfaction was quantitatively measured, and a model that can indicate with economic factors was suggested. In addition, methodology of measuring quality cost that can be reduced by quality improvement and direction of strategic decision-making for deciding items to be improved preferentially were suggested with qualitative index that can indicate the degree of customers' dissatisfaction by loss.

• 에너지공학
• /
• 제15권4호
• /
• pp.229-234
• /
• 2006

전기에너지는 저장성이 없기 때문에 부하의 불규칙적인 변화에 대한 실시간 대처가 어렵다. 그 중 전력 계통의 대규모 공급지장에 대비하여 안정적인 공급을 위해서 예비력을 운영하고 있다. 그러나 예비력을 운영함으로써 전력계통 전체에 경제적 손실이 발생하는데 이를 최소화하기 위해서는 적정예비력 확보와 적절한 가격보상이 필요하다. 본 논문에서는 예비력시장을 운영함으로써 발생하는 기회비용을 반영하여 에너지와 예비력 가격 설정방법을 제시하였다.

• 산업경영시스템학회지
• /
• 제30권3호
• /
• pp.20-27
• /
• 2007

A company establishes a sale strategy through the inventory to set the purchasing requisite of the customer in a global company environment. And a sale company can become the reason of a sale opportunity loss because of a customer satisfaction rate if it does not have the all thing to want a purchasing company in a business-to-business. This paper analyzes the association relation of the goods which the customer orders. And we use a datamining technique for an association analysis of goods. The result of such analysis enhances the ability to get the orders of customer and may minimize a sale opportunity loss. We present a case of the 'D' company inventory management system, in order to verify the effect of the proposal system.

• 한국의류학회지
• /
• 제37권6호
• /
• pp.772-785
• /
• 2013

This study investigated the effects of fashion consumer's browsing motives and risk perception on impulse buying and purchase intention in social commerce. The online survey results of 317 customers who experienced using fashion products via social commerce were used for the final analysis. Exploratory factor analysis, reliability analysis, and frequency analysis were conducted using SPSS 18.0, and confirmatory factor analysis and path analysis were performed with AMOS 18.0. Three browsing motives (hedonic motive, rational motive, and informational motive) and three risk perceptions (products-related risk, customer service risk, and opportunity loss risk) were identified. The results from the structure equation model were as follows. 1) It was deducted that the browsing motive did not have a significant effect on risk perception due to the rejection of most of the hypotheses in regards to the browsing motive influence on risk perception. 2) Product-related risk and customer service risk had a significantly negative effect on purchase intention. Opportunity loss risk had significantly positive effect on impulse buying and purchase intention. 3) Hedonic browsing motive had a significant effect on impulse buying, and rational motive had a significant effect on impulse buying and purchase intention. The informational browsing motive had a significant effect only on purchase intention.