• 경영과학
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• 제31권3호
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• pp.1-12
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• 2014

This study suggests the two types DEA models such as DEA CCR model and Super Efficiency model to evaluate the value of a company and to apply them for the investments. 14 kinds of real data of companies such as EV/EBITDA, EPS growth rate, PCR, PER, dividend yield, PBR, stock price/net current asset, debt ratio, current ratio, ROE, operating margin, inventory turnover, accounts receivable turnover, and sales growth ratio were used as input variables of DEA models. 12 year data from December 30, 2000 up to December 30, 2012 were collected, and the data with negative, missing and 0 values were removed reflecting the characteristics of the DEA. In order to verify the effectiveness of the models, we compared the historical variability and rate of return of both models those of the market. Study results are as follows. First, two DEA models are more stable than market in terms of rate of return because the historical variability of both models are less than that of market. Second, Super Efficiency model is more stable than CCR model. Lastly, the cumulative rate of return of Super Efficiency model (434%) is greater than that of the CCR model (420%) and that of the market (269%).

• 산업경영시스템학회지
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• 제46권1호
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• pp.91-104
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• 2023

The records system is believed to have started in Italy in the 14th century in line with trade developments in Europe. In 1491, Luca Pacioli, a mathematician, and an Italian Franciscan monk wrote the first book that described double-entry accounting processes. In many countries, including Korea, the government accounting standards used single-entry bookkeeping rather than double-entry bookkeeping that can be aggregated by account subject. The cash-based and single-entry bookkeeping used by the government in the past had limitations in providing clear information on financial status and establishing a performance-oriented financial management system. Accordingly, the National Accounting Act (promulgated in October 2007) stipulated the introduction of double-entry bookkeeping and accrual accounting systems in the government sector from January 1, 2009. Furthermore, the Korean government has also introduced International Financial Reporting Standards (IFRS), and the System of National Accounts (SNA). Since 2014, Korea owned five national accounts. In Korea, valuation began with the 1968 National Wealth Statistics Survey. The academic origins of the valuation of national wealth statistics which had been investigated by due diligence every 10 years since 1968 are based on the 'Engineering Valuation' of professor Marston in the Department of Industrial Engineering at Iowa State University in the 1930s. This field has spread to economics, etc. In economics, it became the basis of capital stock estimation for positive economics such as econometrics. The valuation by the National Wealth Statistics Survey contributed greatly to converting the book value of accounting data into vintage data. And in 2000 National Statistical Office collected actual disposal data for the 1-digit asset class and obtained the ASL(average service life) by Iowa curve. Then, with the data on fixed capital formation centered on the National B/S Team of the Bank of Korea, the national wealth statistics were prepared by the Permanent Inventory Method(PIM). The asset classification was also classified into 59 types, including 2 types of residential buildings, 4 types of non-residential buildings, 14 types of structures, 9 types of transportation equipment, 28 types of machinery, and 2 types of intangible fixed assets. Tables of useful lives of tangible fixed assets published by the Korea Appraisal Board in 1999 and 2013 were made by the Iowa curve method. In Korea, the Iowa curve method has been adopted as a method of ASL estimation. There are three types of the Iowa curve method. The retirement rate method of the three types is the best because it is based on the collection and compilation of the data of all properties in service during a period of recent years, both properties retired and that are still in service. We hope the retirement rate method instead of the individual unit method is used in the estimation of ASL. Recently Korean government's accounting system has been developed. When revenue expenditure and capital expenditure were mixed in the past single-entry bookkeeping we would like to suggest that BOK and National Statistical Office have accumulated knowledge of a rational difference between revenue expenditure and capital expenditure. In particular, it is important when it is estimated capital stock by PIM. Korea also needs an empirical study on economic depreciation like Hulten & Wykoff Catalog A of the US BEA.

• 지능정보연구
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• 제24권3호
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• pp.157-176
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• 2018

관리종목은 상장폐지 가능성이 높은 기업들을 즉시 퇴출하기 보다는 시장 안에서 일정한 제약을 부여하고, 그러한 기업들에게 상장폐지 사유를 극복할 수 있는 시간적 기회를 주는 제도이다. 뿐만 아니라 이를 투자자 및 시장참여자들에게 공시하여 투자의사결정에 주의를 환기시키는 역할을 한다. 기업의 부실화로 인한 부도 예측에 관한 연구는 많이 있으나, 부실화 가능성이 높은 기업에 대한 사회, 경제적 경보체계라 할 수 있는 관리종목에 관한 연구는 상대적으로 매우 부족하다. 이에 본 연구는 코스닥 기업들 가운데 관리종목 지정 기업과 비관리종목 기업을 표본으로 삼아 로지스틱 회귀분석과 의사결정나무 분석을 이용하여 관리종목 지정 예측 모형을 개발하고 검증하였다. 분석결과에 따르면 로지스틱 회귀분석 모형은 ROE(세전계속사업이익), 자기자본현금흐름률, 총자산회전율을 사용하여 관리종목 지정을 예측하였으며, 전체 평균 예측 정확도는 검증용 데이터셋에 대해 86%의 높은 성능을 보여주었다. 의사결정나무 모형은 현금흐름/총자산과 ROA(당기순이익)를 통한 분류규칙을 적용하여 약 87%의 예측 정확도를 보여주었다. 로지스틱 회귀분석 기반의 관리종목 탐지 모형의 경우 ROE(세전계속사업이익)와 같은 구체적인 관리종목 지정 사유를 반영하면서 기업의 활동성에 초점을 맞추어 관리종목 지정 경향성을 설명하는 반면, 의사결정 관리종목 탐지 모형은 기업의 현금흐름을 중심으로 하여 관리종목 지정을 예측하는 것으로 나타났다.

• 대한환경공학회지
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• 제30권12호
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• pp.1245-1254
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• 2008

지구온난화 영향의 사회적 비용(외부비용) 추산 방법을 제안하는 것이 이 연구의 목적이다. 지구온난화 영향의 피해를 받는 대상을 정의하기 위하여 엔드포인트 접근방법(endpoint approach)을, 피해를 받는 대상에 대한 경제적 가치를 산출하기 위하여 컨조인트 분석(conjoint analysis)을 각각 적용하였다. 보호대상에 대한 사회적 선호도와 지불의사금액(Willingness to Pay; WTP)을 측정하여 보호대상에 대한 경제적 가치를 추정한 결과 인간 건강은 62,261,700원/DALY(년)(장애보정생존연수), 사회 자산은 10,000원/10,000원이었다. 또한 각 보호대상에 대한 단위 피해를 정량화 한 피해계수(damage factor)와 인간 건강과 사회 자산에 대한 경제적 가치를 곱하여 GHG의 비용계수(cost factor)를 산출하였다. 온실가스 중 CO$_2$의 경우 비용계수는 13.52원/kg(13,520원/ton)으로 산출되었다. 제품 및 서비스로 인해 배출된 GHG 목록 결과값과 각 온실가스의 비용계수를 곱하여 지구온난화의 외부비용을 산출하였다.

• 한국정보시스템학회지:정보시스템연구
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• 제12권2호
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• pp.57-72
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• 2003

The purpose of this paper is to propose the modeling of multiagent based SCM and implement the prototype in the Internet environment. SCM process follows the supply chain operations reference (SCOR) model which has been suggested by Supply Chain Counsil. SCOR model has been positioned to become the industry standard for describing and improving operational process in SCM. Five basic processes, plan, source, matte, deliver and return are defined in the SCOR model, through which a company establishes its supply chain competitive objectives. A supply chain is a world wide network of suppliers, factories, warehouses, distribution centers and retailers through which raw materials are acquired, transformed or manufactured and delivered to customers by autonomous or semiautonomous process. With the pressure from the higher standard of customer compliance, a frequent model change, product complexity and globalization, the combination of supply chain process with an advanced infrastructure in terms of multiagent systems have been highly required. Since SCM is fundamentally concerned with coherence among multiple decision makers, a multiagent framework based on explicit communication between constituent agents such as suppliers, manufacturers, and distributors is a natural choice. Multiagent framework is defined to perform different activities within a supply chain. Dynamic and changing functions of supply chain can be dealt with multi-agent by cooperating with other agents. In the areas of inventory management, remote diagnostics, communications with field workers, order fulfillment including tracking and monitoring, stock visibility, real-time shop floor data collection, asset tracking and warehousing, customer-centric supply chain can be applied and implemented utilizing multiagent. In this paper, for the order processing event between the buyer and seller relationship, multiagent were defined corresponding to the SCOR process. A prototype system was developed and implemented on the actual TCP/IP environment for the purchase order processing event. The implementation result assures that multiagent based SCM enhances the speed, visibility, proactiveness and responsiveness of activities in the supply chain.

• 한국지리정보학회지
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• 제5권3호
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• pp.107-117
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• 2002

디지털/정보 혁명과 지역경제개혁(micro-economic reforms)을 바탕으로 한 공공정책의 성과는 자산, 환경, 시설물, 주소관리 및 도시계획 등과 관련된 공간정보의 수치공간자료처리(digital spatial data handling, DSDH)에 대한 지방자치단체에서의 적용 가능성 타진을 위한 노력을 촉진시켰다. 이러한 노력의 결과는 지방정부가 DSDH와 관련된 공공정책을 수행할 수 있는 충분한 근거 및 가치를 부여한다. 그러나 실험연구에 의해 나타난 접근방식과 확산율은 지역의 제도적 문화적 여건 즉, 지리적 다양성에 따라 다르게 나타날 수 있다. 따라서 지역의 지리적 다양성은 지방자치단체가 수치공간자료처리의 채택 유무를 결정할 수 있는 중요한 요소가 될 수 있다. 이들의 중요성은 부분적으로 사례연구의 평가를 통해서 예견할 수 있다. 이러한 결론은 한국과 호주 지방자치단체의 DSDH 적용에 관한 연구 사례를 참조함으로써 도출되었다.

• 산업경영시스템학회지
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• 제41권2호
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• pp.141-152
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• 2018

Although the 1997 Raw Data of the National Wealth Statistical Survey (South Korea) is timely 20-year-old data, it is meaningful as a benchmarking in the capital stock estimations of Korea, which is estimated by PIM (permanent inventory method). In the case of machinery/equipment, it is the data that can analyze in depth the changes in the industrial structure of Korea. In the case of ASL (average service life) which has economic concept, since the change of ASL is not so large, ASL yielded by the Raw Data of the 1997 National Wealth Statistical Survey is meaningful as reference value for the ASL estimated by the Bank of Korea and the National Statistical Office. As you know Japan has changed its service life due to changes in its industrial structure. However, many of its assets are still used for the years indicated in Showa (before 1989). The same trend with other countries such as Japan. However, the United States is constantly devoted to assessing the useful ASL and value of assets by distinguishing between the Hulten-Wykoff models and those not. Korea has also benchmarked the useful ASL of the United States and Japan when it conducted its own survey every 10 years by due diligence until 1997. In this study, the 'constraint' Iowa curve estimation by the Raw Data of the 1997 National Wealth Statistical Survey is based on the age records of the assets and the maximum age of the assets appropriately derived. And then we made modified Iowa curve by smoothing. From this modified one, we suggested ASL by asset. After 1997, the vintage disposal data directly were collected by the National Statistical Office with Oh Hyun Seung, Cho Jin Hyung, in order to estimate the useful ASL. Since then, the B/S team of the Economic and Statistics Bureau of the Bank of Korea has been working on a new concept of content training.

• 한국산학기술학회논문지
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• 제16권9호
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• pp.5810-5818
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• 2015

본 연구는 기업 가치 분석을 위한 최적 변수를 선정하고, 이 변수를 사용하여 기업의 가치를 분석하였다. 본 연구의 결과는 2가지로 구분할 수 있다. 첫째, 변수 선정을 위해 선행연구에서 사용한 기업가치 분석방법 및 변수를 고찰하였다. 이를 토대로 AHP 기법을 사용하여 8개의 변수를 도출하였다. 추가로 투자 전문가들이 사용한 변수 중 공통분모를 추출하였다. 최종적으로 도출한 변수는 배당수익률, PER, PBR, PCR, EV/EBITDA, ROE, 순이익 증가율, 매출성장률, 순유동자산, 부채비율, 유동비율, 재고자산회전율, 매출채권회전율, 종사자 1인당 순이익, 영업이익률, 매출액 순이익률, 총자본 순이익률, EPS 성장률의 18개 수정 변수를 도출했다. 둘째, 선정된 변수를 사용하여 기업 가치를 예측하였다. 예측을 위해 8개의 변수를 사용하여 로지스틱 회귀분석을 수행한 결과, 59.67%의 정확도를 나타내 8개의 변수는 적절하지 않음을 알 수 있었다. 이어서 18개의 변수를 사용하여 분석한 결과 91.98%의 정확도를 나타내 기업의 가치를 분석하기 위해서는 18개의 변수를 사용하는 것이 바람직하다는 것을 알 수 있었다.

• 한국환경복원기술학회지
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• 제25권4호
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• pp.49-65
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• 2022

Since trees in the city are green assets that create a healthy environment for the city, systematic management of trees improves urban ecosystem services. The sporadic urban tree information centered on the site is vast, and it is difficult to manage the data, so efforts to increase efficiency are needed. This paper summarizes tree data inventory based on data constructed by Seoul Green Trust activists and constructs and discloses online database maps using Tableau Software. In order to verify the utilization of the map, we divided into consumer and supplier aspects to collect various opinions and reflect feedback to implement tree database maps for each area and species of Seoul Forest. As a result, the utilization value of tree database in urban parks was presented. The technical significance of this study is to systematically record the process of constructing and implementing a dashboard directly using the Mapbox platform and Tableau Software in the field of landscaping for the first time in Korea. In addition, the implications and supplements of landscape information were derived by collecting user opinions on the results. This can be used as an exploratory basis in the process of developing online-based services such as web and apps by utilizing landscaping tree information in the future. Although the visualization database currently constructed has limitations that ordinary users cannot interact in both directions because it utilizes business intelligence tools in terms of service provision it has affirmed both the database construction and its usability in web public format. In the future it is essential to investigate the assets of the trees in the city park and to build a database as a public asset of the city. The survey participants positively recognized that information is intuitively presented based on the map and responded that it is necessary to provide information on the overall urban assets such as small parks and roadside trees by using open source maps in the future.