• Title/Summary/Keyword: break-even point

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A Critical Review on the Inherent Problems of MOOC (MOOC(Massive Open Online Course)의 근원적인 문제점들에 대한 비판적 고찰)

  • Yang, Dan-Hee
    • Journal of the Korea Convergence Society
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    • v.6 no.6
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    • pp.293-299
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    • 2015
  • MOOC (Massive Open Online Course) is an online course aimed at limited participation and open access via the web. There is even the prospect that MOOC may break down the existing university system and open a new horizon of education. However, MOOC is going differently from the first prospect that it would threat the existing higher education institutions. So this study wishes to provide a starting point of discussion that we can produce and utilize MOOC to fit our situation of higher education by revealing the inherent problems of MOOC. MOOC is a basically online education, so that it cannot help inheriting the essential weakness of the existing one: the interaction, supervision and evaluation. The newly added concept 'massive' raises the problem of class size which is the most sensitive part in the field of education. The concept 'open' reverses a customized education because MOOC is a kind of video clips of a lecture for unspecific massive learners. As a conclusion, we predicts that MOOC will be positioned as a higher education service for very prominent learners in self-led learning ability and people who cannot access even traditional online higher education institutions. Also MOOC is highly likely to be used as a means of Flipped Learning in universities. Therefore, considering these points in the future, we need to develop MOOC to suit these targets.

Analysis of Management Status and Optimum Sales Scale of Beekeeping Farmhouses in Korea (양봉농가(養蜂農家)의 경영실태(經營實態) 및 적정규모설정(適正規模設定))

  • Cho, Eung Hyouk;Kwak, Kyung Ho
    • Journal of Korean Society of Forest Science
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    • v.82 no.4
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    • pp.311-318
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    • 1993
  • This study was conducted to obtain necessary information to improve beekeeping farmhouses management and to establish related problem. Using data obtained from 50 beekeeping farmhouses in Korea, current status of management and optimum sales scale were analysed. The results of the study are summarized as follows ; 1. Managers of beekeeping farmhouses are relatively old(64% of them is over 50 years old) and highly educated and experienced(76% of them is in the business more than 10 years). 2. Only a portion of managers(38%) considers beekeeping as a major job, while the rest(62%) involves as a side job working with other agricultural business. 3. Major supply of labor force comes from family group. Total input of family labor is 6.4 months a year. Fourty-four percent of management units is migrating and 56% of them is settled in specific locations. 4. In 1991, the average number of conventional beehive casks per farmhouse is decreased by 2.94 casks but improved-type beehive casks is increased by 13.79 casks. Total number of beehive casks per farmhouse is increased by 12.66 casks during the year. 5. Major cost items of beekeeping farmhouses include bee colony aquisition cost, feeding cost, depreciation cost, wages in an order. The average yearly profit rate of farmhouses is about 29.4%. 6. The break-even point of honey sales is about 3 million won. The optimum sales scale was 52.2l, then average production cost was estimated 53,800Won.

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A Case Study on Economic Analysis of a Solar Water Heating System and a Ground Source Heat Pump System Applied to a Military Building (군 복지시설의 지열시스템과 태양열시스템 경제성 평가 사례 연구)

  • Lee, Jong-Chan;Park, Young-Ho;Lee, Ghang;Lee, Sang-Ho
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.4
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    • pp.111-118
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    • 2009
  • This study is to analyze the performance of SWH(Solar Water Heating) and GSHP(Ground Source Heat Pump) systems by evaluating their energy efficiency and LCC(Life Cycle Cost) as being applied to the OO hall as a selected building in the Army. The OO hall, used as bathrooms, dining rooms, accommodations and offices, has reinforced concrete structure system with three floors above the ground and one underground, and its total floor area is approximately 2,917$m^2$. Two energy simulations are conducted to predict the yearly cooling and heating energy of the selected building: One is for analysis of an air-conditioning energy consumption using the e-Quest program, and another is for two new-renewable energy facilities as a water heating source using the RETScreen. The installed capacity of two new-renewable energy facilities is determined according to the 5% level of total standard construction cost. As a briefly result, SWH system is more energy-effective than GSHP system. Considering the break-even point, it is expected that SWH can take only 3 years 11 months to pay for itself in savings while the investment of GSHP can be recovered in more than 16 years 6 months.

Analysis on Cost Structure and Management Performance of Poultry Farming in AgroForestry (산지양계복합경영의 비용구조와 경영성과 분석)

  • Won, Hyun Kyu;Kim, Hae Soo;Jeon, Hyun Sun
    • Journal of Korean Society of Forest Science
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    • v.106 no.4
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    • pp.473-479
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    • 2017
  • This study is to analyze differences in gross income between only forestry and agroforestry. In addition, cost structure and management performance on poultry farming was surveyed. The study sites were three forestry households located in Chungju, Kyungsan and Hwacheon. The method of its management performance were conducted by interview. And, survey items of the performance were operating expenses items and gross income items in 2015. As a result of study, gross income of Chungju business model was 25,608,000 won. The operating cost was 20,217,571 won so that the net income was 5,390,429 won. In case of Gyeongsan, gross income was 33,950,000 won and the operating cost was 18,655,714 won. Thus, the net income was 15,494,286 won. Hwacheon business model showed that gross income was 31,850,000 won, the operating cost was 13,143,000 won. Thus, the net income was 18,707,000 won. And, break-even point of sale volume, which meets cost, was 617 chicken in Chungju, 125 chicken in Gyeongsan, and 63 chicken in Hwacheon. In terms of selling cost-per-production ratio, Chungju business model was 79%, Kyungsan was 55% and Hwacheon was 41%. The results of this study indicates that margin ratio per chicken was 21% in Chungju, 45% in Kyungsan and 59% in Hwacheon. On Agroforestry, increasing rate for gross income was evaluated by 16% in Chungju, 18% in Gyeongsan and 11% Hwacheon.

A Study on Improvement of Handling Dirty Bulk Cargo in Busan Port (부산항의 기피화물 취급 개선에 관한 연구)

  • Song, Gye-Eui
    • Journal of Korea Port Economic Association
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    • v.26 no.3
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    • pp.114-129
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    • 2010
  • Busan port's main function is handling container cargo compared to world major ports and the percentage of handling general cargo such as dirty bulk cargo is very low. In other words, although total cargo weight of Busan port that recorded the handling result of 13.29million TEU in 2008 reached 113.05million ton, total cargo weight of general cargo was 15.31million ton, so container cargo accounted for 88.1% of whole cargo weight. However, it is the time to create high added value by the increase of handling and marketing dirty bulk cargo. Originally, the dirty bulk cargo was not the avoided object from the first. Somehow, it is a very high added value cargo, and is surely essential strategic material to basic industries of nation. However, it becomes dirty bulk cargo as the companies are reluctant to handle it because of environmental problem, distinct characteristic in handling, uncertain break even point due to imbalance between supply and demand compared to container cargo. However, items that are classified as dirty bulk cargo now are certainly necessary strategic materials to national basic industries or national life. Besides it seems to be a high added value cargo here and now. Therefore, it is time that increasing of handling dirty bulk cargo by marketing it and the system for efficient handling such as constructing the exclusive use wharf in Busan port, modernizing of facilities and equipments, stable secure of place for holding and handling through development of distribution complex by item, efficient data processing and closer cooperation by setting up a SCM of related authorities are needful.

Synthesis and Characterization of GAP or GAP-co-BO Copolymer-based Energetic Thermoplastic Polyurethane (GAP 및 GAP-co-BO Copolymer계 에너지 함유 열가소성 폴리우레탄의 합성 및 특성)

  • Seol, Yang-Ho;Kweon, Jeong-Ohk;Kim, Yong-Jin;Jin, Yong-Hyun;Noh, Si-Tae
    • Applied Chemistry for Engineering
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    • v.30 no.6
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    • pp.673-680
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    • 2019
  • GAP or GAP-co-BO based energetic thermoplastic elastomers (ETPEs) were synthesized by changing the hard segment content percent in the range of 30~45% by 5% difference. Thermal and mechanical properties of GAP-co-BO based ETPEs were compared to those of GAP based ETPEs. FT-IR results showed that the capability of forming hydrogen bond increases with increasing the hard segment content in GAP/GAP-co-BO based ETPE, and also the GAP-co-BO based ETPEs are stronger than GAP based ETPEs in the hydrogen bond formation. DSC and DMA results showed that the glass transition temperature (Tg) of GAP based ETPEs increased with the increment of the hard segment content, while the Tg of GAP-co-BO based ETPEs was maintained even the hard segment content increased. The storage modulus at room temperature of the GAP-co-BO based ETPEs was higher than that of the GAP based ETPEs. This was due to the strong phase separation behavior of the hard and soft segment of GAP-co-BO based ETPEs, which further resulted in the stronger breaking strength and lower tensile elongation at break point for GAP-co-BO based ETPE than the GAP based one.

The Deformation and Breaking Load of the Fishing Hook by the Tensile Test (인장시험에 의한 낚시의 변형과 파단하중)

  • KO Kwan-Soh;KIM Yong-Hae
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.14 no.4
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    • pp.269-275
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    • 1981
  • The fishing hooks were tested for breaking and unbending due to plastic deformation of the material. Study of tensile test is not complicated, but has not even worked out fully enough, especially when the test specimen is subjected to plastic deformation. The fishing hook is subjected to unbending stress and the critical section is a Point which is furthest from the line of action of the forces. The dynamic force of fish during jerks depends on their speed of movement and body weight, the kinetic energy corresponding to it and also on the rlastic displacement of the rigging which absorb the energy. Six kinds of hook were tested by the dynamometer under tensile speed 290mm/min (subscript s) and 780mm/min (subscript f). According to their results, the breaking load(B: kg) can be induced with the formula $B={\alpha}wd^2+\beta$ where w(mm) is the distance between the barb base and the lower shank and d(mm) is diameter. The coefficients of the formula for the round hooks(R) and the angular hooks(A) are approximately as follows: $$R:\;\alpha_{s}=0.5,\;\beta_{s}=1.6,\;\alpha_{f}=0.4,\;\beta_{f}=1.4$$ $$A:\;\alpha_{s}=1.1,\;\beta_{s}=2.0,\;\alpha_{f}=1.0,\;\beta_{f}=0.9$$ The ratio of $B_{f}\;to\;B_{s}$ is corresponding to 0.8. The ratio of deformation(X) that is moved distance of barb base at break to the distance(H) between head base and barb base is about $50\%$. Further study should be carried out on the subject of impact and fatigue test under the same condition which is exerted force by the hooked fish.

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Economic Analysis of Geothermal Energy and VMD Desalination Hybrid Process (지열에너지와 진공 막 증류법을 활용한 해수담수화 연계형 공정의 경제성 분석)

  • Park, Kiho;Kim, Jin Hyun;Kim, Hyuk Soo;Lee, Kwan-Young;Yang, Dae Ryook;Kim, Kyung Nam
    • Clean Technology
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    • v.20 no.1
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    • pp.13-21
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    • 2014
  • Because of the water scarcity caused by the increase of salinity in the underground water, seawater desalination stands out as one of the most promising solution. As there are so much energy costs in operating desalination plants, new hybrid process which is more effective should be researched. A geothermal VMD (vacuum membrane distillation) hybrid process is a competitive alternative for seawater desalination. Because geothermal energy has significant characteristics of high capacity factor to operate the power plant at full capacity for 24 hour per day, it can be a priority heat source of VMD superior to any other renewable energies such as solar and wind power. In this study, we design a geothermal VMD hybrid process, analyze it economically and finally compare the result with a case of conventional VMD process. Geothermal VMD hybrid process generates $23,822,409 of NPV (net present value) more than the conventional VMD process in case of 5% discount rate. The break-even point between these processes is 5.36 year. Sensitivity analysis indicates that steam cost is the most decisive influence variable to the economic outcome.

The Impact of Capital Structure for Ship Investments on Corporate Stability (선박투자자금의 조달구조가 기업의 안정성에 미치는 영향)

  • Cho, Seong-Soon;Yun, Heesung
    • Journal of Navigation and Port Research
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    • v.45 no.6
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    • pp.276-283
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    • 2021
  • The capital structure of the shipping business, which is characterized by its capital intensity and extreme market volatility, is closely related to long-term stability. Research in this area has been conducted mostly in the form of deriving the determinants of capital structure from company-wise financial ratios. This research, on the other hand, has a different approach to the topic. It identifies the relationship between actual cash profit and loss and other variables - i.e. actual vessel prices, interest rates and leverage ratio - by employing historical simulation. The result demonstrates that the P anamax cash profit shows 0 (break-even point) when the debt weight reaches 64.38% (debt ratio 180.74%) and the Cape, 73.04% (debt ratio 270.92%). Additionally, the ships of different types show a divided pattern for the pre- and post-'Super Boom'. It indicates that the business area and the market cycle should be considered when a leverage strategy is established. This research benefits shipping companies set a rational leverage strategy as well as delivers a reasonable guideline to government authorities for the development of a sound policy on shipping finance.

Economic Evaluations of Facility Farms by the Introduction of Mango Ultra-High Density Pot Cultivation (망고 초밀식 화분재배 도입 시설농가의 경제성 평가)

  • Jeong, U Seok;Kim, Seongsup
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.3
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    • pp.279-290
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    • 2021
  • This study evaluated the economic feasibility of facility farms according to the introduction of the ultra-high density pot cultivation (UHDPC) for mango. The basic model was selected as a representative farmhouse case in the Jeonnam region, and seven scenarios for conventional crops were tested. The economic feasibility of crop switching was analyzed through partial budget analysis (PBA). The PBA analysis results were supplemented by adding a sensitivity analysis and a break-even point (BEP) analysis. As a result of the analyses, it was found that crop conversion was economical because the increase in the profit coefficient was greater than the increase in the loss coefficient due to the introduction of mango for all conventional crops. The economics of introducing mango was more sensitive to changes in gross income than to changes in cost items. The results show the detailed conditions of crop selection according to the conditions and preferences of individual farms by presenting the direction of increase and decrease by budget item and information on the amount of increase or decrease. In particular, the BEP analysis result, which is about half of the farms case, is significant in that it presents the minimum target value according to production and market risks.