• Title/Summary/Keyword: agency cost

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A Study on Safety Cos Estimation Using Process Risk Assessment for Polyol Process (polyol공정에 대한 위험성 평가에 의한 안저비용 산정에 관한 연구)

  • Lee, Jun-Suk;Lee, Young-Soon;Park, Young-Ku
    • Journal of the Korean Society of Safety
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    • v.17 no.1
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    • pp.68-71
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    • 2002
  • A research on accident loss calculation for polyol process without safety management activities, and safety cost estimation using process risk assessment has been implemented. In order to estimate a magnitude of loss, accident scenarios were made by combining result made from HAZOP Study method with accident possibility analysis results implemented with FTA. Also effect assessment was implement for accident consequence of each scenario. And minimum possible loss cost has been calculated when safety investment do or not. Result from cost-benefit analysis was shown as approximately \335 billion(=USS44,000 billion), as cost after subtracting safety management cost from minimum possible loss cost.

Development of Automated Risk Analysis Tools(HAWK) for Information System Environments (전산 시스템 보안을 위한 자동화 위험분석 도구 (HAWK: Hankuk risk Analysis Watch-out Kit)의 개발에 관한 연구)

  • Yoon, Jeong-Won;Shin, Soon-Ja;Kim, Ki-Su;Lee, Byung-Man;Song, Kwan-Ho
    • Proceedings of the Korea Institutes of Information Security and Cryptology Conference
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    • 1996.11a
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    • pp.65-74
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    • 1996
  • Risk analysis is time-consuming and expensive process〔1〕〔6〕. Automated risk analysis tools have been widely used in industry and government to support decision making process and reduce cost. However, difficulties in materializing impact of threats and fast-changing network environments make analysis process more complicated and less trusted since impacts are relative in network environments. HAWK system is developed to improve the accuracy of analysis result in network-oriented environment. It provides user-friendly environments and considers network environments as primary assets.

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An Empirical Investigation of Agency Costs in the Determination of Performance of Pakistani Nonfinancial Sector

  • Siddiqui, Muhammad Ayub;Afzal, Usman
    • Journal of Distribution Science
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    • v.10 no.5
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    • pp.19-28
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    • 2012
  • The study examines the performance and its relationship with capital structure and agency cost with respect to the industrial configurations and economic groups of Pakistan Economy. The study employs data set of 334 listed joint stock companies from the nonfinancial sectors for the period of 1999-2009 from cotton and textile, engineering, chemical, sugar, cement, fuel and energy, paper and board, transport and communication, and miscellaneous economic groups. Pooled data from the Panel data methodology has been applied to observe the significance of different performance measures through determinant of capital structure and agency costs with special focus on the leverage and cash flows as the direct determinant and interactive variables. The empirical test results using redundant variable tests demonstrate support for agency theory in the context of Pakistan's industrial configurations. The implications of the study point towards more investigations on the subject using industrial configurations as control and moderating variables.

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A Study on Work Development Direction of Cost Analysis through Cost Analysis of Micro Satellite (초소형위성 비용분석 사례연구를 통한 비용분석 업무발전 방향에 대한 고찰)

  • Lee, Tae Hwa
    • Journal of Korean Society for Quality Management
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    • v.51 no.3
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    • pp.461-479
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    • 2023
  • Purpose: It emphasizes the importance of cost analysis for weapons systems that require enormous develop- ment costs, analyzes the problems of cost analysis steps from a practical point of view, and presents the direction of business development in terms of cost analysis reliability, timeliness, and efficiency. Methods: It analyzes the R&D cost of Micro satellites with a complex cost structure and large scale according to engineering estimation procedures, derives major analysis step-by-step problems, and presents business development directions. Results: Problems with standards and assumptions, data collection, cost division structure, and cost estimation methods were derived through the micro satellite cost analysis process, and business development directions such as expanding common standards, standardizing basic data, standardizing cost division structures and cost items, and data asset were presented. Conclusion: In order to develop work in terms of cost analysis reliability, timeliness, and efficiency, it is important to prepare and standardize standards and rules for detailed tasks at each analysis stage, and through this, it is expected that high utilization value and systematic cost data will be assetized in the future.

A Study on the Frame Sensor Modeling Using Standard Interface (표준 인터페이스를 적용한 프레임 센서 모델링에 관한 연구)

  • Kwon, Wonsuk;Choi, Sunyong;Lee, Yongwoong
    • Korean Journal of Remote Sensing
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    • v.30 no.1
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    • pp.75-81
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    • 2014
  • Until recently, photogrammetric applications for processing the satellite images and remotely sensed data have been used in different structure of functions and interfaces for sensor modeling by each developer. Thus, a standardized utilization procedure was necessary to solve the problems, such as expandability, cost, inefficiency of sources which were resulted from different approaches. Therefore, National Geospatial Intelligence Agency (NGA) provided unified interfaces by developing Community Sensor Model (CSM) to sensor models in same way. In this study, we suggested the method of design and analyzed main functions needed modeling for the frame sensor using CSM Application Program Interface (API) provided by NGA. We also applied the designed structure to the modeling. The implemented CSM was verified by groundToImage and imageToGround. In the future, the active R&D is expected with using CSM due to the cost saving effect of software development and remarkable expandability of sensor.

A moderating effect of Family CEO on the Influence of Outside Director System (사외이사제도의 효과에 미치는 가족경영자의 조절효과)

  • Nam, Yoonsung
    • The Journal of the Korea Contents Association
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    • v.16 no.3
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    • pp.439-446
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    • 2016
  • This research examines the effect of outside director system which has been legislated after financial crisis in Korea. Outside director system is based on agency theory which assumes that a manager is selfish and opportunistic in situation where ownership and management of a firm is separated. In this situation, outside director system has an important function to monitor and keep in check a manager. Thus, we examined that outside director system works as a monitoring mechanism in Korea. And we tested that above effect is weakened in family CEO firms where it is different from assumption of agency theory in Korea. According to empirical result with 282 sample firm, it is confirmed that outside director system reduces agency cost. In family CEO firms, however, this agency cost-reducing effect becomes weak. This result suggests that outside director system needs be cautiously managed without focusing on only monitoring function.

A Cost Benefit Analysis of Individual Home Visiting Health Care (맞춤형 방문건강관리사업의 비용-편익분석)

  • Kim, Jin-Hyun;Lee, Tae-Jin;Lee, Jin-Hee;Shin, Sang-Jin;Lee, Eun-Hee
    • Research in Community and Public Health Nursing
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    • v.21 no.3
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    • pp.362-373
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    • 2010
  • Purpose: The purpose of this study is to evaluate the costs and benefits of individual home visiting health care using secondary data and literature review. Methods: The total number of subjects was 1,008,837. A specific program was classified into disease management, care of infant, child and women, or elderly care. The costs and effects of a program were identified from a societal perspective, and the effects were converted into monetary terms or benefits. The total cost was calculated in the way that medical expenses, travel costs and productivity losses were offset by the decrease in benefits and thus only the program budget was included in the total cost. Results: The total program cost was 47.6 billion won per year and the total annual benefit was estimated at 435.6 billion won. The benefits of arthritis management were the biggest among disease management programs. The net benefit was 388.0 billion won per year and the benefit/cost ratio was 9.16. Conclusion: Home visiting health care was validated to be economically effective. It made a positive contribution to improving the health status of vulnerable populations and reducing medical expenses. These results suggest that home visiting care should be extended more broadly to vulnerable populations.

Analysis on Home Care Services and Home Health Care Cost of CVA Patients in Korea (뇌혈관질환자의 가정간호 서비스 및 진료비 분석)

  • Kim, Eun-Kyung;Shin, Suk-Youn;Hwang, Jeong-Hae
    • Journal of Korean Academy of Nursing Administration
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    • v.12 no.2
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    • pp.225-232
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    • 2006
  • Purpose: The purpose of this study was to analyze the services and cost of CVA patients in hospital-based home health care and compare the differences of home health care cost by hospital types. Methods: The subjects of this study were 5,756 home care patients with cerebrovascular disease. Data were collected by using home health care medical expense claims from 127 hospitals in 2004. Results: The home care service 'indewelling catheterization' was the highest(19.28%), and then 'nasogastric tube insertion and change(16.72%)', 'bladder irrigation(15.98)', 'wound management(simple dressing)(10.42%)' followed. Average home health care cost per visit was 39,943 won, and the highest 46,058 won in general hospitals and the lowest 33,922 won in tertiary hospitals, so there were statistically significant among the types of hospitals(F=1112.47, p<0.0001). Conclusions: The number of home health care patients has been rapidly growing with the increase of aged population and demand for home care services is rising. So, it could be urgent to develop a reasonable cost reimbursement system for home health services and to expend scopes of the roles of home care specialist nurses. Amid the demand of more detail understanding the present status of home care, our study can be contributed to provide fundamental information of home care in Korea.

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A Case Study of the Economic Performance Measurement of Information System Integration in Public Sector (공공부문 정보시스템 통합의 경제적 성과 측정 사례연구)

  • Jung, Hae-Yong;Ra, Jong-Hei
    • Journal of Digital Convergence
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    • v.8 no.4
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    • pp.185-204
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    • 2010
  • This case study quantifies the savings that can be realized through integration in National Computing & Information Agency (NCIA) of the Korea Government. It is based on the process of the NCIA development project that consolidating and integrating distributed 24 agencies. And it used the widely accepted Gartner TCO (Total Cost of Ownership) Solution and applies that methodology consistently before and after integration. Specific measurement items for examining the information system integration saving cost are developed pilot test for 2 agencies through compare TCO before integration and TCO after integration. The results of measuring on information system integration in NCIA are showed lots of economic cost reduction in TCO by integrating and consolidating each computing environment in agency. Especially in detail, NCIA realized the most savings in IT Capital Cost including development of hardware, software and recovery system. Also IT Support Cost and IT Administration Cost examined more savings than before IT integration.

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