• Title/Summary/Keyword: development cost policy

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Soft Dollars and Conflicts of Interest in Equity Funds in Korea (소프트달러와 주식형 펀드의 이해상충)

  • Cho, Sungbin
    • KDI Journal of Economic Policy
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    • v.35 no.2
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    • pp.133-166
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    • 2013
  • This study analyzes the relationships between soft dollar(brokerage commission) and characteristics of funds, and between brokerage commission and return on funds, using the data on equity funds of Korea from June 2008 to November 2011. The result confirms a statistically significant negative relationship between management & sales fees and brokerage commission, meaning that rather than raising management & sales fees, which could be easily recognized by investors, it is through brokerage commission, a hidden cost, which asset management firms indirectly compensate for their services. Meanwhile, the analysis on the relationship between brokerage commission and return on funds reveals that higher brokerage commissions lead to lower return on funds, meaning at least in short-term no contribution to increasing returns in the future. These results suggest the need for streamlining the system to alleviate conflicts of interest between investors and management firms in addition to effectively controlling for principal-agent problems.

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An Exploratory Performance Analysis of The Forest Sector R&D Program (산림분야 기후변화대응 R&D사업에 대한 탐색적 성과분석 : 효율성 관점에서 DEA분석을 중심으로)

  • Moon, Kwan-sik;Lim, Chae-hong;Ahn, Kyung-sup
    • Journal of Digital Convergence
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    • v.14 no.8
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    • pp.47-56
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    • 2016
  • This study is on the actual analysis of R&D investment effect through DEA in terms of efficiency resulted from forestry sector climate change response R&D project. Namely, it is clarifying the mechanism of the scientific, technological, social performance result and output, depending on research development cost, employment size as same input. Also, it is in-depth analysis on which performance operates more efficiently in any detailed business. With the study result, we seek political implications to enhance investment effect and core element to consider R&D business project in the future.

Development of a New Green Product Family Index Considering Environmental Performance (환경성을 고려한 새로운 그린 Product Family 지수 개발)

  • Seo, Kwang-Kyu;Jeon, Hangoo
    • Journal of Digital Convergence
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    • v.11 no.3
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    • pp.175-180
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    • 2013
  • To compete global marketplace, many firms are adopting product families to increase variety, satisfy customer requirements, shorten lead-times and reduce costs. The key to a successful product family is the platform from which it is derived. When designing product families, it is important to resolve the tradeoff between product commonality and distinctiveness. To measure the commonality within a product family, it is necessary to develop the commonality index. It utilizes different parameters such as the number of common components, their cost, their manufacturing processes and so on. This paper present a new product family assessment index using the benchmarking method and considering environmental performance called green product family index(GPFI). Through the comparison analysis between some previous developed commonality indices and GPFI, we verify the suitability and effectiveness. Eventually, the proposed a new green product family assessment index can be helpful to design and develop the environmentally conscious product families.

Establishment of Climate Region by Recent 30-year Temperature Range in South Korea Area (남한지역의 최근 30년간 기온분포에 의한 기후권역 설정)

  • Ryu, Yeon-Soo;Park, Mi-Lan;Kim, Jin-Wook;Joo, Hye-Jin
    • 한국태양에너지학회:학술대회논문집
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    • 2011.11a
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    • pp.376-382
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    • 2011
  • Since the Industrial Revolution has caused global change by using of a fossil fuel, a reckless and growth-oriented development. A global mean temperature since 19th century has climbed up 0.4~$0.8^{\circ}C$. Our country, afterwards, global warming has increased the temperature every season. After The Kyoto Protocol regarding a greenhouse gas reduction goal took effect, be situations that decrease of greenhouse gas was acutely required. Therefore, interest of utilization of the new & renewable energy is increasing everyday. In advanced research, we shows that at first divided a country to nine range by natural geography, and second executed Meteorological data analysis of recent 30 years considering level of significance by nine range. The results of advanced research are that the similarities are low because there are the regions that temperature deviation of the similar climate regions is large in winter season, and there are not characteristics of clear discrimination of temperature. This study shows that at first divided a country to six range by temperature range, and second executed Meteorological data analysis of recent 30 years considering level of significance by six range. The results of this study are that in heating load calculation of building, periodic temperature data management is required because facility capacity and cost are affected greatly by outdoor temperature, and temperature by climate range needs consideration of pertinent area. Ground temperature was assumed of the weather in region, the ground and soil. Lastly, we were able to know that establishment of climate region by temperature range can be useful policy making and plans of design of the horticultural facilities and architectures.

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A Study on the Effective Economic Appraisal of Port Remodeling Project (항만투자평가 개선방안에 관한 연구 - 항만 리모델링사업을 중심으로 -)

  • Lee, Jin-Woo
    • Journal of Korea Port Economic Association
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    • v.26 no.2
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    • pp.58-81
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    • 2010
  • The economic appraisal of a port remodeling project must be transparent and persuasive to the public over the entire stage of the project. A project evaluator need to be familiar with the guidelines on evaluation, and to do his best to follow the guidelines to evaluate the given project. To make the right decision on investment, the evaluator must take into consideration not only economic efficiency, but also equity issues such as income redistribution and balanced development between regions. Port remodeling projects tend to produce externalities to the environment. However, these externalities are of qualitative nature, and hard to measure in monetary terms, so these are liable to be ignored in the process of project evaluation. Two different approaches - RP(revealed preference) and SP(stated preference) have been tried to assess the value of these non-market goods. Government authorities need to set minimum guidelines which project evaluators must follow in order to make the evaluation more reliable.

An Analysis of Private Learning Expenses of Young Children and its Determining Factors (유아 사교육비 실태 및 결정요인 분석)

  • Suh, MoonHee;Yang, MiSun
    • Korean Journal of Childcare and Education
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    • v.9 no.3
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    • pp.189-207
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    • 2013
  • This study was to examine current situations and factors related to private learning expenses. A household survey involving a nationally representative sample of 976 households and 1,648 3-5 year old children was conducted. The questionnaire was comprised of two parts; the first part investigated the demographic and socio-economic status of the parents. The second part inquired as to the type and cost of private education, during the month of June, 2012. Data were analyzed by chi-square, one-way ANOVA and multiple regression analyses. The findings of the study were: First, 86.7% of parents of pre-school children used private learning. Second, private learning expenses were estimated to be 129,700 Won for 3~5 year old children. And older children and children from higher income and full-time homemaker families used more private learning. Thirds, Income and the child's age affected private learning expenses. Policy measures were suggested based on the findings as follows: Institutional infrastructure should be established: Strong support for national curriculum and the development and dissemination of special programs is needed.

International Tourist Attitudes Analysis for the Theme Park Development in Busan (주제공원개발을 위한 외래 관광객 성향분석에 관한 연구 - 부산광역시를 중심으로 -)

  • 황영우;양위주
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2003.05a
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    • pp.121-125
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    • 2003
  • A theme park plays an important role as a preferred facility for attracting international and domestic tourists. Many local autonomies try to establish theme parks within their own territory. Busan Metropolitan City also places emphasis on hosting an outstanding theme park, and to be identified as the tourism destination toward the world city in 21st century. The purpose of this paper is to suggest tourism policy and management strategy based on the literature review and survey analysis to international tourists. First, it is needed to supply low land price to reduce construction cost and to invite investors. Second, the theme park has to have an attractive theme and new events for repeaters Third, infra structures related to the theme parks are necessarily provided for high accessability. Finally, more priority is placed on public relation for citizen and service education of the industry.

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A Development of Web-based Integrated Security Management System for Firewalls (웹 기반의 방화벽 통합 보안 관리 시스템 개발)

  • Lee, Dong-Young;Kim, Dong-Soo;Hong, Seung-Sun;Chung, Tai-Myoung
    • The Transactions of the Korea Information Processing Society
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    • v.7 no.10
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    • pp.3171-3181
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    • 2000
  • With a remarkable growth and expansionof Internet, the security issues emerged from intrusions and attacks such as computer viruses, dental of servives and backings to destroy intormation have been considered as serious threats for Internet and the provate networks. To protect networks from those attacks, many nendors have developed various security systems such as firewalls, intrusion detection systems, and access control systems. However managing those systems individually requres too much work and high cost. Thus, integrated security managemanet and eatabliashment of consistent security policy for various security products has become more important. In this paper, we propose integrated security manabement system called WISMSF(Web based Integrated Security Management System for Fireswalls) to monitor and contro various kinds of firewalls WISMSF consists of three components-clients, integrated engine, and agents. It supports the transparent management functions of security products, easy ways of defining security policies, and simple expansion of managed ranges.

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Application of Verification & Validation for deepsea mining robot technology development (심해저 채광로봇 기술개발을 위한 Verification & Validation의 적용)

  • Sung, Ki-Young;Cho, Su-Gil;Oh, Jae-Won;Yeu, Tae-kyeong;Hong, Sup;Kim, Hyungwoo
    • Journal of the Korean Society of Industry Convergence
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    • v.22 no.6
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    • pp.689-702
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    • 2019
  • This paper deals with the verification of the functions about mining robot, which is the system for developing deep seabed resources by applying V&V(verification and validation). In order to overcome water pressure of 500 bar and to travel on soft ground, and to operate in deep sea environment with bad conditions, it is necessary to develop a robot that can satisfy various deepsea conditions. A mining robot has been developed based on simulation based design and Multidisciplinary design optimization. In order to verify the developed robot, lab test and real sea test should be performed for various marine environment conditions. There are too many requirements to consider, such as space, time, cost, personnel, and environment to do performance test. So it is costly and time consuming for developing robot. In order to solve this problems, V&V technique was applied to mining robot. The stages of mining robot design, fabrication and commission were verified.

Success Factors and Marketing Strategies of Bumrungrad Hospital (태국 범룽랏 병원(Bumrungrad Hospital)의 성공요인과 마케팅 전략)

  • Jang, Won;Kim, Kyung-Ah;Lee, Key-Hyo
    • The Korean Journal of Health Service Management
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    • v.5 no.2
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    • pp.209-226
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    • 2011
  • The purpose of this study is to analyze and find out key success factors and marketing strategies of Bumrungrad Hospital in Bangkok, Thailand. The major success factors of Bumrungrad Hospital are as follows; First, Bumrungrad Hospital had professional medical team and board of directors who had the international career. Second, Bumrungrad was supported by Thai government and they were in a cooperative relationship with each other for the development of the medical industry. Third, Bumrungrad appropriately handled the internal and external changes including Asia Financial Crises in 1997 and others. Fourth, Bumrungrad diversified and broaden its business field such as global medical investing and management, medical technology, anti-age medicine and wellness. Marketing strategies of Bumrungrad analyzed are the following four factors. First, Bumrungrad focused on the quality of services by employing professional medical staffs, who have the international certification, and by constructing IT system for hospital management. Second, Bumrungrad has maintained an equalized price policy to attract the customers bothin the domestic and foreign markets. The cost for care has appealed the foreign customers for its comparatively low price, but it focused mainly on the upper middle class in Thailand. Third, it established, managed, and consulted hospitals in the foreign countries including the Philippines and the Arab Emirates. Fourth, it adopted differentiated promotion strategies suitable for the special needs of domestic and foreign customers, and put emphasis on the buzz marketing.