• 제목/요약/키워드: agency problem

검색결과 1,058건 처리시간 0.031초

CEO Compensation and Concurrent Executive Employment of Outside Directors: A Panel Data Analysis of S&P 1500 firms

  • KIM, YOUNG-CHUL;SONG, SUJIN
    • KDI Journal of Economic Policy
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    • 제38권3호
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    • pp.17-35
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    • 2016
  • In many advanced countries, most outside directors are executives, active or retired, at other firms; in other words, executives from other companies make executive compensation decisions. This situation may hinder the board of directors (BOD) in their efforts to optimize executive compensation levels objectively. Using a panel data analysis of the S&P 1500 companies, we provide supplemental evidence of whether, and to what extent, the concurrent executive employment of outside directors distorts the executive pay decisions at a given company. An unbiased fixed-effect estimation confirms that a $1.00 increase in CEO pay at outside directors' primary companies results in an approximate increase of $0.22 in CEO pay at the given company. From a policy perspective, this added agency problem - caused by the BOD and not by management - is noted as difficult to control; although a firm may establish board independence, the inherent concurrent employment of directors on a board continues to exist.

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강인 칼만필터를 이용한 유도탄 기체 진동 주파수 추정기 설계 (Direct Missile Bending Frequency Estimation using the Robust Kalman Filter)

  • 나원상;황익호
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2005년도 제36회 하계학술대회 논문집 D
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    • pp.2477-2479
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    • 2005
  • A robust bending frequency tracker is proposed to design the adaptive notch filter which removes the time-varying missile structural modes from the sensor measurements. To do this, the state-space form of a bending frequency model is derived under the assumption that the bending signal could be described as the lightly damped sinusoid. Since the resultant bending frequency model contains the parametric uncertainties in the measurement matrix, the design problem of bending frequency tracker is tackled by applying the robust Kalman filter to the model. This technique could be easily expanded to the multiple frequencies case because it newly illuminates the bending frequency tracking problem in view of general state estimation.

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Bearing-only Localization of GNSS Interference using Iterated Consider Extended Kalman Filter

  • Park, Youngbum;Song, Kiwon
    • Journal of Positioning, Navigation, and Timing
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    • 제9권3호
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    • pp.221-227
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    • 2020
  • In this paper, the Iterated Consider Extended Kalman Filter (ICEKF) is proposed for bearing-only localization of GNSS interference to improve the estimation performance and filter consistency. The ICEKF is an extended version of Consider KF (CKF) for Iterated EKF (IEKF) to consider an effect of bearing measurement bias error to filter covariance. The ICEKF can mitigate the EKF divergence problem which can occur when linearizing the nonlinear bearing measurement by a large initial state error. Also, it can mitigate filter inconsistency problem of EKF and IEKF which can occur when a weakly observable bearing measurement bias error state is not included in filter state vector. The simulation result shows that the localization error of the ICEKF is smaller than the EKF and IEKF, and the Root Mean Square (RMS) estimation error of ICEKF matches the covariance of filter.

보완 가중 최소자승기법을 이용한 피동거리 추정필터 설계 (A Modified Weighted Least Squares Approach to Range Estimation Problem)

  • 황익호;나원상
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2003년도 하계학술대회 논문집 D
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    • pp.2088-2090
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    • 2003
  • A practical recursive weighted least square(WLS) solution is proposed to solve the passive ranging problem. Apart from the previous works based on the extended Kalman filter(EKF), to ensure the convergency at long-range, the proposed scheme makes use of line-of-sight(LOS) rate instead of bearing information. The influence of LOS rate measurement errors is investigated and it is asserted that the WLS estimates contain bias and scale factor errors. Together with simple compensation algorithm, the estimation errors of proposed filter can be reduced dramatically.

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대함유도탄 요격 확률을 고려한 함정 대공방어유도탄의 최적 운용 연구 (A Study on Optimal Operation against Anti-Air Missiles with Consideration of Anti-Surface Missile Kill Probability)

  • 박현우;이한민
    • 한국군사과학기술학회지
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    • 제22권6호
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    • pp.815-823
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    • 2019
  • A naval surface-to-air missile is an effective countermeasure against increasing threats of anti-ship missiles. Optimal operation is imperative for high survivability due to limited defense resources of a warship. This paper addresses a problem of optimal engagement to maximize the overall probability of intercept under Shoot-Look-Shoot tactics. The problem is formulated and analyzed with consideration of a realistic single-shoot probability model. The analysis shows that a global solution is achieved for some engagement scenarios. A numerical algorithm to optimize the overall probability of intercept is suggested. An illustrative example is provided to verify our results.

반전직류전동기(Counter Rotating DC Motor, CRDCM)의 특성 연구 (A Study on the Characteristics of a Counter Rotating DC Motor)

  • 김현철;공영경;공관식
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 1994년도 추계학술대회 논문집 학회본부
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    • pp.101-103
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    • 1994
  • This report describes CRDCM(Counter Rotating DC Motor) that we have designed, manufactured and tested. CRDCM have two rotating rotors: one is a outer rotor as field set, another is a inner rotor as armature set. One of the most difficult problem is an elimination of the centrifugal force acting on brush when outer rotor is rotated. We solved a problem for centrifugal force of commutation brush by compensation set of counter mass through trial and error. It was verified the performance of motor at present.

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A Study on the Explanation Scheme using Problem Solving Primitives

  • Lee, Gye Sung
    • International Journal of Advanced Culture Technology
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    • 제7권3호
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    • pp.158-165
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    • 2019
  • Knowledge based system includes tools for constructing, testing, validating and refining the system along with user interfaces. An important issue in the design of a complete knowledge based system is the ability to produce explanations. Explanations are not just a series of rules involved in reasoning track. More detailed and explicit form of explanations is required not only for reliable reasoning but also for maintainability of the knowledge based system. This requires the explanation mechanisms to extend from knowledge oriented analysis to task oriented explanations. The explicit modeling of problem solving structures is suggested for explanation generation as well as for efficient and effective reasoning. Unlike other explanation scheme such as feedback explanation, the detailed, smaller and explicit representation of problem solving constructs can provide the system with capability of quality explanation. As a key step to development for explanation scheme, the problem solving methods are broken down into a finer grained problem solving primitives. The system records all the steps with problem solving primitives and knowledge involved in the reasoning. These are used to validate the conclusion of the consultation through explanations. The system provides user interfaces and uses specific templates for generating explanation text.

군용 통신망에서의 주파수 및 편파 지정 알고리즘 튜토리얼 (Tutorial on Frequency and Polarization Assignment Algorithms for Military Communication Networks)

  • 구본홍;채찬병;박성호;박휘성;함재현
    • 한국통신학회논문지
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    • 제41권11호
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    • pp.1608-1618
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    • 2016
  • 본 논문에서는 군용 통신망에 대한 주파수 지정 문제를 그래프 이론 관점에서 접근하여 해결하는 방법을 소개한다. 선행 연구에서 제안한 알고리즘을 본 문제에 맞게 구현하였으며, 새로운 알고리즘을 제안하여 얻은 해의 성능이 최적의 값에 거의 근접함을 증명하였다. 또한, 이중 편파 안테나의 편파를 동시에 배정하여 주파수 지정 문제 해의 성능을 극대화하는 알고리즘을 소개하였다.

매니지먼트사와 외주제작사간 상호겸영 실태와 문제점 및 개선 방안 (The Status, Problem and Improvement Method for Cross-ownership between Agency and Production)

  • 김정섭
    • 한국콘텐츠학회논문지
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    • 제16권12호
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    • pp.60-69
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    • 2016
  • 연예 매니지먼트사와 외주제작사들이 2000년부터 시작된 한류열풍이후 사업다각화 전략을 실행하여 매니지먼트업과 외주제작업 간에 상호겸영을 보편화하는 방식으로 사세를 확장하면서 불공정 거래 등 많은 부작용이 나타났다. 본 연구는 이런 문제에 착안하여 주식시장에 상장한 국내 매니지먼트사와 외주제작사 전체를 상대로 2015년 기준 매니지먼트업과 외주제작업의 겸영 실태를 분석하고, 이해관계자와 전문가들의 심층 인터뷰를 통해 그 대안을 탐색했다. 분석결과 매니지먼트사의 외주제작업 겸영 비중이 평균 32%로 높아 규제가 필요하며, 규제는 수평규제 원칙을 적용하고 미국 법제를 원용한 국내 선행 입법과 연동하여 미국식 규제 모델을 도입하는 게 타당하다는 점을 확인했다. 적용 가능한 규제방안으로는 첫째, 겸영은 허용하되 자사제작 작품에 자사소속 배우의 출연을 금지하는 방안, 둘째, 겸영을 금지하고 지분 10~20% 내에서 상호 투자만 허용하는 방안, 셋째, 상호 겸영과 투자를 전면 금지하는 모델이 제안되었다.

화음 탐색법을 활용한 가상머신 재배치 연구 (Harmony Search for Virtual Machine Replacement)

  • 최재호;김장엽;서영진;김영현
    • 한국산학기술학회논문지
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    • 제20권2호
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    • pp.26-35
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    • 2019
  • 데이터센터는 서버, 스토리지, 네트워킹 기기 등을 운영하는 과정에서 냉각시설, 공조시설, 비상발전시설 등 많은 전력이 소비된다. 미국의 경우에는 2004년 데이터센터에서 소비하는 전력은 전체 전력 소비량의 1.8% 정도를 차지하기도 하였다. 데이터센터 산업은 큰 규모로 점진적으로 발전해왔으며, 향후에는 규모가 큰 하이퍼스케일 데이터센터의 수가 늘어날 것으로 전망되고 있다. 하지만 데이터센터의 서버 점유율을 조사해 본 결과, 평균 점유율이 15~20% 정도 밖에 되지 않는 등 서버가 효율적으로 사용되지 않는 문제가 존재하였다. 이러한 현상 및 문제점을 개선하고자 가상머신 마이그레이션 기능을 활용하여 가상머신 재배치 연구를 제안하고자 한다. 본 연구에서는 효과적인 가상머신 재배치를 위해 메타 휴리스틱 기법 중 하나인 화음 탐색법을 활용하였다. 유휴 서버 최대화를 목표로 하는 가상머신 재배치 문제를 설계하였으며 실험을 통해 풀이하였다. 본 연구는 가상머신 재배치를 통해 데이터센터 서버의 절전을 유도하여, 데이터센터의 운영비용을 절감하는 것을 목적으로 한다.