• Title/Summary/Keyword: asset value

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An Analysis of Core Competency of Construction Field Engineer for Cost Management (건설기술자의 원가관리 업무역량 분석 연구)

  • Choi, Jae-Hong;Kim, Yea-Sang
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.5
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    • pp.26-34
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    • 2013
  • Recently, many companies recognize the individual human resource as a core asset of the corporate value creation and devote a lot of effort to develop and manage competency-based human resource in order to strengthen the corporate competitiveness. As the integrated construction company taking the major portion in Korean construction industry, its construction engineers perform the construction supervision task with various related parties at each stage of the life cycle of the construction project. Therefore, the competency of a construction engineer is an important factor which have a direct impact on the success of the construction project. However, the current capability evaluation scheme of the domestic construction engineers is mainly oriented on the qualification factors such as the certificates or the seniority and this is quite different from evaluating the actual ability for construction management tasks. In this point of view, this study proposes the appropriate level of proficiency in cost management by analyzing the work process and its detailed items of the cost management that is the one of the basic management items of the construction industry. Based on this, this study analyzes the current competency level of the construction engineer by comparing with the required competency of each job position and also performs the engineer's work competency analysis of each work step.

The Impact of Social Capital of Manufacturing Companies on Relationship Performance (제조기업의 사회자본이 공급사슬 관계 성과에 미치는 영향)

  • Noh, Hyeyoung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.3
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    • pp.143-155
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    • 2020
  • The relationship between companies in the supply chain is a core competency of the company and key indicator which determines the survival of a company. Therefore, companies are investing in efforts for inter-company relations, and related studies have been conducted for a long time. However, in the supply chain, the positions and characteristics of suppliers and buyers are not the same. Therefore, research is needed to better understand and respond to other characteristics of the relationship between suppliers and buyers. The purpose of this study was to identify the characteristics of the resources held between the buyer and the supplier through social capital, which is a value asset that can be used as a resource created through social relations, and whether it affects the commitment of the relationship. In addition, The core of this study was to statistically analyze the differences between suppliers and buyers through this analysis. This study was conducted by surveying companies that are suppliers and buyers along the supply chain. The difference between the supplier and the buyer was revealed through empirical analysis, and statistically, the difference between the two groups was also revealed. As a result of the analysis, the higher the involvement of the buyer, the more significant the result of structural capital was, and the result was statistically opposite to the supplier. As for the relationship capital, quantitative and qualitative relationship capital had different effects on the commitment. Both the supplier and the buyer had a positive effect on relationship performance. However, the effect of emotional commitment on non-financial relationship performance has a greater degree of influence on suppliers, and it appears in statistical differences. This study revealed differences in the relationship between suppliers and buyers, and found that different investments and efforts were required for each group.

A study on asset management investment strategy model by trade probability control on futures market (선물시장에서 거래확률 조정을 통한 자산운용 투자전략 모델에 관한 연구)

  • Lee, Suk-Jun;Kim, Ji-Hyun;Jeong, Suk-Jae
    • Management & Information Systems Review
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    • v.31 no.3
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    • pp.21-46
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    • 2012
  • This paper attempts to offer an effective strategy of hedge fund based on trade probability control in the futures market. By using various technical indicators, we create an association rule and transforms it into a trading rule to be used as an investment strategy. Association rules are made by the combination of various technical indicators and the range of individual indicator value. Adjustments of trade probabilities are performed by depending on the rule combinations and it can be utilized to establish an effective investment strategy onto the risk management. In order to demonstrate the superiority of the investment strategy proposed, we analyzed a profitability using the futures index based on KOSPI200. Experiments results show that our proposed strategy could effectively manage and response the dynamics investment risks.

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Lessons from the Application of GIS for Local Government - Some Examples from Korea and Australia - (지방자치단체에서의 GIS 활용에 대한 제언 - 한국과 호주에서의 사례연구를 중심으로 -)

  • Peterson, Jim;Kim, Chang Hwan;Yoo, Jae Yong
    • Journal of the Korean Association of Geographic Information Studies
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    • v.5 no.3
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    • pp.107-117
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    • 2002
  • Public policy responses to the digital/information revolution and the micro-economic reforms that it facilitates have inspired exploration of the scope for local government implementation of digital spatial data handling(DSDH) of information relating to, among other things, asset inventory, environmental and utility management, address management, and planning. The results from these explorations are such that few doubt the value of bringing the public policies to practice, but diffusion rate and pattern of the approaches demonstrated by the scoping experiments will reflect institutional/cultural matters, indicators of the relative significance of which might be at least partly predicted from appraisal of case studies. This argument is exemplified by reference to case studies in adoption of DSDH by local government organizations in Korea and in Australia.

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Hedging effectiveness of KOSPI200 index futures through VECM-CC-GARCH model (벡터오차수정모형과 다변량 GARCH 모형을 이용한 코스피200 선물의 헷지성과 분석)

  • Kwon, Dongan;Lee, Taewook
    • Journal of the Korean Data and Information Science Society
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    • v.25 no.6
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    • pp.1449-1466
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    • 2014
  • In this paper, we consider a hedge portfolio based on futures of underlying asset. A classical way to estimate a hedge ratio for a hedge portfolio of a spot and futures is a regression analysis. However, a regression analysis is not capable of reflecting long-run equilibrium between a spot and futures and volatility clustering in the conditional variance of financial time series. In order to overcome such defects, we analyzed KOSPI200 index and futures using VECM-CC-GARCH model and computed a hedge ratio from the estimated conditional covariance-variance matrix. In real data analysis, we compared a regression and VECM-CC-GARCH models in terms of hedge effectiveness based on variance, value at risk and expected shortfall of log-returns of hedge portfolio. The empirical results show that the multivariate GARCH models significantly outperform a regression analysis and improve hedging effectiveness in the period of high volatility.

The Strategy of City Brand Activation by Confusion Content - Case Study of Andong City and Qufu City (유교문화 콘텐츠를 활용한 도시브랜드 활성화 방안 연구 - 안동시와 중국 곡부시 사례를 중심으로)

  • Ha, Kyu-Soo;Moon, Ji-Eun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.1
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    • pp.252-263
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    • 2016
  • This study considered the factors of city brand reinforcement and city revitalization through a case study of two cities that were successful in revitalizing using a brand strategy. World leading cities are securing city competitiveness through the culture resources, particularly traditional culture, as a key asset to highlight the cities' uniqueness in increasing their value. The Confucianism influence on Korean traditional culture has a valuable content like etiquette, ritual ceremony, food, education, etc. as well as culture heritage in historical architecture. Therefore, it can be used as the city's assets to promote it worldwide. On the other hand, there is difficulty in preserving most Confucianism culture content and the intangible cultural properties have been neglected. This needs to be applied actively to be used on a city brand strategy. This study reviewed the successful case of Andong city in Korea and Qufu city in Sandong, China and suggests ways of raising the cities' brand power.

The Predictive Power of Implied Volatility of Portfolio Return in Korean Stock Market (한국주식시장 내재변동성의 포트폴리오 수익률 예측능력에 관한 연구)

  • Yoo, Shi-Yong;Kim, Doo-Yong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.12
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    • pp.5671-5676
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    • 2011
  • Volatility Index is the index that represents future volatility of underlying asset implied in option price and expected value of market that measures the possibility of stock price's change expected by investors. The Korea Exchange announces a volatility Index, VKOSPI, since April, 13, 2009. This paper used daily data from January, 2002 through December, 2008 and tested power of Volatility index for future returns of portfolios sorted by size, book-to-market equity and beta. As a result, VKOSPI has the predictive power to future returns and then VKOSPI may be determinants of returns. Also if beta is included when sorting portfolio, the predictive power of VKOSPI is stronger for future portfolio returns.

Introduction To A New Created Scientific Disciline: Management Of allSelves' Enlightenment and Empowerment(MOSEE) with 5th Dimension Spirit Paradigm shift will conciliate the modern Management Philosophies (1st Issue)-CSV (새 학문 창시 소개함: 깨달음경영학의 5차원 의식(영성) 철학을 통한 현대 경영철학들의 통섭 고찰(1회)-공유가치론(CSV)-)

  • Rhee, Jaeyoon
    • Proceedings of the Korea Contents Association Conference
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    • 2018.05a
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    • pp.57-58
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    • 2018
  • 자본주의가 인류사회의 행복과 공동번영에 기여하는 경제체제로서 역할을 다하려면, 자본주의 역시 시대의 변화에 맞추어 진화해야 한다. 본 논문에서는 새 시대에 걸 맞는 자본주의의 대안을 논의하고자, 저자 이재윤이 창시한 깨달음경영학(MOSEE; Management Of allSelves' Enlightenment and Empowerment)의 새로운 과학적 학문연구를 통해 새로운 실현성 영역을 추구하는 동시에, 깨달음경영의 새로운 5차원 요소인 영적 자원 및 자산(SRA: Spirit Resource and Asset)과 본질적으로 무(無)에서 유(有)를 창조하는 창조경영(MOC: Management Of Creation)에 대한 연구 및 인간의식 성장 방법론에 대하여 발표 하고자 한다. 따라서 깨달음경영학(MOSEE)에 관한 고유한 철학, 고유한 탐구 영역, 이론, 방법, 기법, 도구, 운영 원리 및 활용 분야 등을 체계적으로 설명하는 것이 목적이다. 이로써 현대의 주요한 여러 경영철학들 예컨대 CSV(마이클 포터) SI(개리 함멜) 복잡계 철학 미덕(美德)경영 등의 내재된 구조적 제약들을 분석 평가하고 한계를 극복하는 방안들을 제시함으로써 이들을 5차원의 깨달음경영학(MOSEE)의 의식(영성)경영철학으로써 통섭을 고찰하고 21세기 우주 인류 신문명 창달을 위한 5차원의 깨달음경영 혁명을 성취하고자 한다. 즉 2040년 전에 지구 인류의 고도 영성 초 과학기술 문명을 넘어서 우주 인류의 초 영성 초 과학기술 문명 창달을 선도하는 학문연구 교육 인류 사회활동을 지속적으로 해갈 것이다. 위와 같이 21세기 우주 인류의 영원한 평화 자유 지속적 번영을 이루고자 한다. 본 연구는 통섭 고찰 제1회로 마이클 포토의 공유가치(CSV: Creating Shared Value)의 통섭을 고찰한다.

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Development of a Flood Loss Estimation Tool within GIS software (GIS 소프트웨어 기반의 홍수 손실 평가 툴 개발)

  • Yu, Soonyoung;Lee, Sunju;Kim, Sungwook;Choi, Eunkyeong;Lee, Kilha;Choi, Bonghyuck
    • Journal of the Society of Disaster Information
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    • v.11 no.3
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    • pp.436-445
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    • 2015
  • A flood loss estimation toolbox was developed within GIS software. This toolbox is for anyone who is interested in the flood loss estimation, and uses data accessible to public. In particular, the loss estimation framework in the toolbox is distinct in that the inventory items are individually dealt with. The toolbox was applied to estimate the economic loss from a levee failure event in 2002. The estimated loss was a little larger than the reported value. The difference is probably due to the asset values and the damage functions for each inventory item, which have to be updated.

Analysis of Economic Effects for Information Security Industry in Korea (정보보호 산업의 경제적 파급효과 분석)

  • Jeong, Woo-Soo;Min, Kyoung-Sik;Chai, Seung-Woan
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.24 no.2
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    • pp.385-396
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    • 2014
  • With development of Information Security industry and recognizing value of information as an asset, demand for information protection is foreseen to be expanding gradually. The Information Security industry in this paper defines as an industry where relative products as well as consulting services are developed, produced, and distributed. This study reclassifies sub-sectors of the Information Security industry based on the definition of product and services defined above, and it uses the RAS technique to broaden a scope of an input-output table to include the Information Security industry with purpose of analyzing economic spill-over effects industry will encounter during 2013~2017. Results show that investment in the Information Security industry during 2013-2017 induces total economic outputs to KRW 3,206.9 billion and is expected to employ additional 27,406 workforce.