• Title/Summary/Keyword: depreciation

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A Study on the landscape impact assessment in evaluating the environment impact of the urban development projects (도시개발사업에 대한 환경영향평가에서 경관영향분석 사례 연구 - 경관영향평가를 위한 3D Simulation 기법의 활용을 중심으로-)

  • Lee, Min Hoon;Cho, Byung Ho;Lim, Young Teak;Choi, Bong Moon
    • Proceedings of the Korea Contents Association Conference
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    • 2007.11a
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    • pp.22-26
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    • 2007
  • In this study we had chosen the examples of the development projects, so that examined about the process of the landscape impact assessment and the detail evaluation items. Especially the part of the leisure facilities and the landscape aspects among the evaluation items were reviewed whether followed the process of environment impact assessment or not, whether the impact estimate, and depreciation scheme according to the present condition and enforcement of the actual development projects perform reasonably or not. From the study, derived the improvement on the landscape impact evaluation using with 3D Simulation method is expected to contribute to the valid landscape impact assessment and the reasonable alternative proposal.

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The Accuracy of Various Value Drivers of Price Multiple Method in Determining Equity Price

  • YOOYANYONG, Pisal;SUWANRAGSA, Issara;TANGJITPROM, Nopphon
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.29-36
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    • 2020
  • Stock price multiple is one of the most well-known equity valuation technique used to forecast equity price. It measures by multiplying "the ratio of stock price to a value driver" by a value driver. The value driver can be earning per share (EPS), sales or other financial measurements. The objective of price multiple technique is to evaluate the value of assets and compare how similar assets are priced in the market. Although stock price multiple technique is common in financial filed, studies on the application of the technique in Thailand is still limited. The present study is conducted to serve three major objectives. The first objective is to apply the technique to measure value of firms in banking sector in the Stock Exchange of Thailand. The second objective is to develop composite price multiple index to forecast equity prices. The third objective is to compare valuation accuracy of different value drivers of price multiple (i.e. EPS, Earnings Growth, Earnings Before Interest Taxes Depreciation and Amortization, Sales, Book Value and Composite Index) in forecasting equity prices. Results indicated that EPS is the most accurate value drivers of price multiple used to forecast equity price of firms in baking sector.

Is Expansionary Fiscal and Monetary Policy Effective in Australia?

  • HSING, Yu
    • Asian Journal of Business Environment
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    • v.9 no.3
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    • pp.5-9
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    • 2019
  • Purpose - This paper examines whether fiscal and monetary expansion would affect output in Australia. Research design, data, and methodology - An extended IS-LM model which describes the equilibrium in the goods market and the money market is applied. The real effective exchange rate and the real stock price are included in order to determine whether there may be any substitution or wealth effect. The sample consists of Annual data ranging from 1990 to 2018. The GARCH process is used in empirical work to correct for potential autoregressive conditional heteroscedasticity. Results - Expansionary fiscal policy reduces output; whereas, expansionary monetary policy raises output. In addition, real appreciation of the Australian dollar, a lower U.S. interest rate, a higher real stock price or a lower expected inflation would increase output. The finding that expansionary fiscal policy has a negative impact on real GDP suggests that the negative crowding-out effect on private spending dominates the positive impact. Conclusions - Fiscal prudence needs to be pursued. Real depreciation of the Australian dollar hurts output. Monetary tightening in the U.S. generates a negative effect on Australia's output. A healthy stock market is conducive to economic growth as higher stock prices tend to result in the wealth and other positive effects, increasing consumption and business spending.

아시아신흥공업국(新興工業國)의 무역수지조정(貿易收支調整)과 환율정책(換率政策)의 방과분석(妨果分析)(1974~85)

  • Eom, Bong-Seong
    • KDI Journal of Economic Policy
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    • v.9 no.4
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    • pp.59-88
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    • 1987
  • 한국, 대만, 홍콩, 싱가포르 등 아시아신흥공업국(新興工業國)은 70년대에 크게 악화된 그들의 무역수지(貿易收支)를 적절한 정책대응을 통해서 성공적으로 개선시켜 왔다. 본고(本稿)는 무역수지(貿易收支)를 개선시키기 위한 대응정책을 총지출(總支出)의 억제(抑制), 지출(支出)의 전환(轉換), 생산(生産)의 전환(轉換), 교역재부문(交易財部門)의 성장정책(成長政策) 등 네 가지로 나누고 아시아신흥공업국에 있어서 각 정책의 효과를 실증 분석하였다. 그 결과 고도의 경제성장을 지속해 온 이들 나라에서는 교역재(交易財)의 공급확대를 유도한 성장정책(成長政策)이 무역수지개선(貿易收支改善)에 크게 기여한 것으로 나타났다. 수요측면(需要側面)에서는 70년대 후반보다는 80년대 들어 총수요관리(總需要管理)를 강화하고, 보다 적극적인 환율정책(換率政策) 등을 통해서 지출전환을 이룸으로써 무역수지(貿易收支)를 상당폭 개선시킨 것으로 분석되었다. 다음으로 본고(本稿)는 무역수지개선을 위해 중요한 정책수단의 하나인 환율정책(換率政策)의 역할을 각국간 비교분석하였다. 환율정책(換率政策)을 비교적 소극적으로 운용해 온 싱가포르를 제외하고 한국, 홍콩, 대만은 실질환율(實質換率)을 점진적으로 상승(上昇)(depreciation)시키는 등 적극적인 환율정책(換率政策)을 수행한 것으로 분석되었다. 특히 1983~85년 기간 이들 3개국에선 실질환율(實質換率)이 상승됨으로써 비교우위(比較優位)가 없는 교역재부문(交易財部門)까지 보호되는 등 자원배분(資源配分)의 왜곡현상(歪曲現像)도 관찰되었다.

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Case Study of Characteristics of Community Business - The Durae Enterprise in Chungnam Province - (커뮤니티 비즈니스 특성에 관한 연구 - 충청남도 두레기업 사례 -)

  • Won, Gill-Yeon;Kim, Hyeon-Suk;Kwon, Oh-Sung;Bae, Sung-Eui
    • Journal of Agricultural Extension & Community Development
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    • v.22 no.4
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    • pp.405-421
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    • 2015
  • Agro-fishing villages of agriculture and fishery are suffering deepening gap with urban areas due to depreciation from their products market opening pressure. They are facing problems of decreasing and aging population, poor settlement environment, etc. and losing their vitality for their low productivity and lack of young labor force. These issues of agro-fishing villages of agriculture and fishery are divided in so various items and classes that it is plausible to approach in a way to connect each issue in a small frame of each by selecting sub topics according to each item and each class rather than to solve the issues in a large frame. Chungchungnam-do is approaching the issues through 3 agro innovations(agro fishery, agro fishing villages, agro fishing people) in local government level and Durae enterprises are solving local problems through the self supporting residents' community business by utilizing local resources. This study is to draw clues and solutions to vitalize agro fishery villages through community businesses by detailed reviews and research on cases of Durae enterprises' characteristics and their vitalizations and provide a new alternative plan to agro fishery villages losing their vitality and demolishing their communities.

A Study on the Development of an Indirect Method in National Wealth Survey based on the Perpetual Inventory Method as an Alternative (국부통계조사 간접방법에 대한 대안 제시 : 영구재고법을 중심으로)

  • Cho, Jin-Hyung;Park, Sang-Hoon;Kim, Myung-Soo;Oh, Hyun-Seung;Jeong, Kyung-Soo;Seo, Bo-Cheol
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.29 no.3
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    • pp.43-54
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    • 2006
  • The National Wealth Survey Method has been used to estimate capital stocks in Korea by the Korea National Statistical Office in every 10 years. However, this method requires huge amount of time and money, Since the Benchmark Year Method also has similar problems of difficulties to estimate the annual retirement rate and depreciation, the Korea National Statistical Office is now considered to adapt the Perpetual Inventory Method being used by the most OECD countries as an alternative. Hence, in this paper, the concepts of the Perpetual Inventory Method are introduced and its formation plans for the National Wealth Survey are suggested.

A Study on the External Effect of 'Dagagu' Housing Purchase and Public Rental Housing to Nearby Area (다가구매입임대주택이 주변지역에 미치는 외부효과에 관한 연구)

  • Kim, Sang-Don;Lee, Joo-Hyung
    • Journal of the Korean housing association
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    • v.19 no.5
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    • pp.29-36
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    • 2008
  • The objective of his study is to research the effect of the 'Dagagu' housing purchase and the public rental housing supply on the nearby community. In the case of public rental housing, many studies have demonstrated that the perception that a public rental house is a low income dwelling has an external effect on the residents immediately outside the area such as the perception of the lowering of house prices. However, an advanced research concerning the 'Dagagu' housing purchase and public rental housing has not been carried out because it has only recently been enforced. Through a survey conduced of residents who live nearby the 'Dagagu' housing purchase and public rental housing the aim of his study is to show how the residents perceive the renal houses and are influenced by them. At the same time, this study demonstrates the external effect of rental house supply by analyzing the housing price around the area. Most people who live in the near by 'Dagagu' housing purchase and public renal housing have a negative opinion of his housing because they believe that the residential prices will depreciate. However, only about 40% of the people felt that the residential price depreciation as a result of the 'Dagagu' housing purchase and public rental housing supply was not visible.

Optimal Operation Scale of Hog Production for Farrow-to-Finish Farms

  • Huang, Y.H.;Lee, Y.P.;Yang, T.S.
    • Asian-Australasian Journal of Animal Sciences
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    • v.14 no.9
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    • pp.1326-1330
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    • 2001
  • This study analyzed the lowest production cost and the greatest profit to be obtained from marketing hogs to determine the optimal operation scale for family-owned farrow-to-finish farms. Data were collected from 39 farrow-to-finish farms with 500 to 5,000 inventories for two consecutive years, and treated with GLM and quadratic regression models using the REG procedure. Analysis results indicated that farms capable of marketing 2,933 and 3,286 hogs annually had the lowest production cost and the greatest profit, respectively. Further analysis attributed the lowest production cost or the highest return in farms with an optimal scale of 3,000 to a higher survival rate of the herd, as well as lower expenses in veterinary medicine, labor, utilities and fuel, transportation, and depreciation. A similar feed conversion efficiency was observed for all the farms studied. Obviously, the cost efficiencies were associated with the economy of the operation scale of hog production until it reached 3,000 hogs marketed annually for a family-run unit. Beyond the optimal scale of 3,000 hogs, good stockmanship was more difficult to maintain and the herd management deteriorated as increasing mortality confirms. It is conclude that, unless advanced management is applied, the operation scale should not expand beyond 3,000 hogs.

Lived Experience of the Family Members of Gastric Cancer Patients (위암환자 가족들의 경험세계에 관한 연구)

  • 이명선
    • Journal of Korean Academy of Nursing
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    • v.27 no.2
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    • pp.275-288
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    • 1997
  • The purpose of the study is to explore and describe the lived experience of family members with gastric cancer patients using the grounded theory methodology. The participants were ten spouses of gastric cancer patients who had some kind of treatment at the hospital. They were asked open-ended and descriptive questions in order for them to talk about their experiences in their own terms. As the interveiw progressed the questions became more specific to discuss themes and working hypotheses that emerged from the analysis of previous interviews. All interviews were tape-recorded and transcribed for the analysis. Constant the core category that was emerged from the comparative analysis is “magmaggam” which can be described as a psychological distress due to a high level of uncertainty regarding the health of the patient and the future of the caregivers. Psychological distress includes several emotional feelings such as frustration. anxiety, fear, guilty, and self depreciation. Subcategories or strategies related to the core category are 1) managing illness, 2) using folk medicine, 3) giving the patient a reason to live, 4) being patient, 5) losing reality, 6) anticipatory experience on the patient's death and parting, and 7) changing interpersonal relationships. The results of this study would help clinical nurses to develop nursing intervention to help spouses of gastric cancer patients establish efficient coping strategies in dealing with the problems they face.

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Performance Improvement of LSU Algorithms in QoS Routing (QoS 라우팅의 LSU 알고리즘 성능 향상 기법)

  • Cho, Kang-Hong
    • The Journal of the Korea Contents Association
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    • v.9 no.3
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    • pp.49-57
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    • 2009
  • This paper has proposed Flow Holding Time based Link State Update(LSU) Algorithm that can improve the performance of the existing LSU algorithms. As the existing LSU algorithms are based on the network traffic information, the proposed algorithm is based on flow holding time so we can minimize the LSU message overhead and has not had a strong influence on the depreciation of QoS routing performance. We apply a flow holding time in order to decrease the number of LSU message. We have evaluated the performance of the proposed model and the existing algorithms on MCI simulation network using the performance metric as the QoS routing blocking rate and the mean update rate per link, it thus appears that we have verified the performance of this algorithm.