• Journal of the Korea Safety Management & Science
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• v.3 no.4
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• pp.135-144
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• 2001

The capital cost of the company is one that must be paid to the money owner as the price by using the money. The capital cost according to the source of money supply can be estimated by the expected profit rate undertaken by the use of the capital. But in the area of pre-existent economic evaluation, the evaluation of the company investment has been treated by the profit rate of the capital after considering the repayment conditions of the other's money or the interest. Thus in this study, in case the company makes an investment on various kinds of the capital at the same time, not make use of the capital as a one source, the economic evaluation of an investment should be handled by taking the weighted average cost of capital into consideration in proportion to the constitution of the capital cost by the sources of money supply, Especially, as the cost of the private money is very much connected with the profit rate through the stock market, the Capital Asset Pricing Model (CAPM) will be applied. This kind of economic evaluation method can be said to have much to do with the Economic Value Added : EVA) as well as to be highly thought as a standard to estimate the company' value recently To certify the usefulness of this approach, the case study of the output of the capital cost will be made for the purse of the economic evaluation of the alternative investment by using the financial statements of a motor company H.

• Journal of the Korea Safety Management & Science
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• v.16 no.3
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• pp.451-469
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• 2014

The purpose of this study is to implement and develop the integrated Economic Value Added (EVA) and Time-Driven Activity-Based Costing (TDABC) model to seek both improvement of Net Operating Profit Less Adjusted Tax (NOPLAT) and reduction of Capital Charge (CC). Net Operating Profit Less Adjusted Tax (NOPLAT) can be maximized by reducing the indirect cost of an unused resource capacity increased by Cost Capacity Ratio (CCR) of TDABC. On the other hand, Capital Charge (CC) can be minimized by improving the efficiency of Invested Capital (IC) considered by Weighted Average Cost of Capital (WACC) of EVA. In addition, the integrated system of TDABC using Balance Scorecard (BSC) and EVA is developed by linking between the lagging indicators and the three leading indicators. The three leading indicators include customer, internal process and growth and learning perspectives whereas the lagging indicator includes NOPLAT and CC in terms of financial perspective. When the Critical Success Factor (CSF) of BSC is cascading as a cause and an effect relationship, time driver of TDABC and capital driver of EVA can be used efficiently as Key Performance Indicator (KPI) of BSC. For a better understanding of the proposed EVA/TDABC model and BSC/EVA/TDABC model, numerical examples are derived from this paper. From the proposed model, the time driver of TDABC and the capital driver of EVA are known to lessen indirect cost from comprehensive income statement when increasing the efficiency of operating IC from the statement of financial position with unified KPI cascading of aligned BSC CSFs.

• Proceedings of the Safety Management and Science Conference
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• 2004.11a
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• pp.415-438
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• 2004

This dissertation is assumed to continuously occur adjustment cost on present investment. So, I derived from time-nonseparable production-based CAPM and tested the performance of model through data. I also compared time-nonseparable production-based CAPM with time-separable production-based CAPM and CCAPM, CAPM through testifying the performance of model. At the part of applied application, I estimated time-nonseparable PCAPM-betas. The data of Korea consists of 320 listed companies on Korea Stock Exchange (KOSPI) from first quarter 1987 to first quarter 2002. This data also is categorized by scale and industries. Additionally, I estimated time-nonseparable PCAPM-betas through 500 listed companies of New York Stock Exchange (NYSE) from first quarter 1973 to first quarter 2002. I observed the statistical significance of 230 firms by 320 companies in Korea. After that, I compared time-nonseparable PCAPM-betas by firms with time-separable production-based CAPM-betas and CCAPM-betas, CAPM-betas through individual firms. At empirical test, I found that estimated parameter of adjustment cost on time-nonseparable production-based CAPM by scale and industries in Korea had positive value and statistical significance, Moreover, this approach proved to resolve the underestimation of adjustment cost on time-separable production-based CAPM by scale and industries. I also found that the time-nonseparable PCAPM performed better than time-separable production-based CAPM and CCAPM, CAPM. The result from U.S data proved to have similarity to that of Korea. Specifically, I found that time-nonseparable PCAPM-betas by firms performed better than CAPM-betas on individual firms in Korea.

• Spatial Information Research
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• v.22 no.5
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• pp.65-75
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• 2014

Bus headway plays an important role not only in determining the passenger waiting time and bus service quality, but also in influencing the bus operation cost and passenger demand. Previous research on headway control has considered only an hourly difference in the distribution of ridership between peak and non-peak hours. However, this approach is too simple to help manage ridership demand fluctuations in a short time scale; thus passengers' waiting cost will be generated when ridership demand exceeds the supply of bus services. Moreover, bus ridership demand varies by station location and traffic situation. To address this concern, we propose a headway control algorithm for minimizing the waiting time cost by using Smart Card data. We also provide proof of the convergence of the algorithm to the desired headway allocation using a set of preconditions of political waiting time guarantees and available fleet constraints. For model verification, the data from the No. 143 bus line in Seoul were used. The results show that the total savings in cost totaled approximately 600,000 won per day when we apply the time-value cost of waiting time. Thus, we can expect that cost savings will be more pronounced when the algorithm is applied to larger systems.

• The Transactions of the Korean Institute of Electrical Engineers D
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• v.49 no.5
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• pp.264-268
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• 2000

In discuss how the existing study results that decide optimum release time are rational and reasonable, considering the cost and reliability simultaneously in this paper. As a study method this paper examines the proposed results and their methodologies centering around the existing related papers for the general cost-reliability optimal release policies, especially their limitation for the derived results.

• Journal of the Korea Convergence Society
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• v.11 no.11
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• pp.147-154
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• 2020

The purpose of this study is to analyze how parents' income, goal, expectancy, and value affect their parents' child supporting behavior, and to understand the behavior of parents supporting their children of elite athletes. For this, the influence relations of parental supporting cost/time according to income, children's achievement level, parents' sports parenting objective, achievement expectancy, and task value were analyzed through simple regression analysis and hierarchical regression analysis. As a result of the study, income and identity objective had an effect on supporting time. Income affected the supporting cost. Achievement expectancy had a moderating effect of income on supporting cost, and usefulness value had a moderating effect on income and relational objective. It is significant that it provided a quantitative basis for understanding parents' child supporting behavior.

• Child Health Nursing Research
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• v.12 no.1
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• pp.15-24
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• 2006

Purpose: This study was done to define nursing behavior in neonatal intensive care units so as to estimate resource-based relative value-. Method: Participating in this study were 292 nurses in neonatal intensive care units. The study surveyed physical and mental labor, stress and time involved in nursing work. Tool used in this study was a nursing labor per relative value tool. For analyzes, the relative value of each nursing behavior was calculated, where the mean value of the three components, labor intensity and component-by-component explanatory power were in percentage terms. Results: 1. Nursing behaviors in neonatal intensive care unit were classified and defined at three levels: 5 main domains, 17 mid-domains, and 42 small domains. 2. The per component explanatory power of intensity involved in nursing labor showed physical effort to be 32.45%, mental 32.86%, and stress 34.69%. 3. The reliability of nursing labor factors was very strong, Cronbach's alpha value of 0.96. Conclusion: In this research, which is a first in defining nursing behavior in neonatal intensive care units, individual nursing behavior were broken down using resource-based relative value for nursing cost, and each nursing behavior was successfully translated to a numerical value.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.6D
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• pp.599-604
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• 2010

In this study, the value of travel time was estimated with reflecting the fuel cost according to travel distance. The main objective of this study is whether the addition of the fuel cost as a factor for route choice behavior is appropriate or not, through the stated preference survey. The route choice model was developed using SP survey technique with the consideration of level difference and the value of travel time, toll and fuel costs. Consequently, the fuel cost is identified as a main factor like travel time and toll cost in choosing routes from drivers' viewpoints. Nevertheless, since toll costs are recognized as out-of-pocket expenses whereas fuel costs as periodical expenses, it seems drivers are more sensitive to toll than fuel costs.

• Journal of the Korean Society for Library and Information Science
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• v.39 no.2
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• pp.35-55
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• 2005

This study attempts feasibility analysis of cataloging outsourcing. The economic analysis model based on information economics categorizes the benefit into direct benefit and value linking. We measure direct benefit by cost savings and cost avoidance, value linking by the degree of improvement in cataloging quality The results show that there is no feasibility overall, because librarians spent more time to control the quality due to vendor's lack of professionalism, resulting little effect on cost savings. When cataloging outsourcing is forcibly used under the economically infeasible condition, it is impossible to achieve the basic purpose of operating cost savings and improvement of service function.

• IE interfaces
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• v.24 no.4
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• pp.295-303
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• 2011

This paper presents a discrete time optimal asset buying problem with a predetermined final deadline where an available budget is limited. A cost is paid to search for assets called the search cost. A seller who shows up offers a price for the asset and then the buyer decides whether or not to buy the asset by comparing the offered price to his optimal selection threshold. When the budget becomes less than the search cost or the price of the asset the buyer can get a necessary loan with some interests. We clarify the properties of the buyer's optimal selection threshold in order to maximize the expected value of budget which is left after paying all the search costs and the price of the asset at that point in time.