• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.139-147
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• 2020

This paper aims to explore the relationship between the quality of the audit and the level of stock return co-movement in the context of the Vietnamese emerging market. The empirical study is designed based on the quatitative method and deductive approach. The panel dataset includes 256 listed firms from different industries,with 1115 firm-year observations on Ho Chi Minh City Stock Exchange for the period from 2014 to 2018. In the research, we built the econometric regression model, using stock return synchronicity and audit quality as the dependent and independent variable, respectively. Some control variables are also added to the econometric regression models as they are well-documented in prior research to have an effect on stock price synchronicity. To improve the accuracy of the regression coefficients, beside the Ordinary Least Squares, we employ the Random Effects Model and the Fixed Effects Model for better statistical analysis of panel data set. The results show that the quality of the audit is positively correlated to stock price synchronicity. This finding suggests that stock returns of companies with higher quality of the audit are more synchronous with the market. Results for other control variables also support our reasoning for the main findings.

• 대한예방한의학회지
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• 제12권3호
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• pp.21-34
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• 2008

Objectives : This paper analysed the alternative methods of calculating conversion factor for oriental medicine in the National Health Insurance and estimated the conversion factor(reimbursing price level) of the oriental medical services, based on health insurance claims data and macro economic data. Methods : Comparing cost accounting method, SGR model, and index model to estimate conversion factor in the national health insurance, six empirical models were derived depending on the scope of revenue considered in financial indicators. Classifications of data and sources used in the analysis were identified as officially released by the government. Results and Conclusion : Cost accounting analysis and SGR model showed a two digit decrease in the physician fee schedule of oriental medical services in the national health insurance, while index model indicated a positive increase in the fee reimbursed. As expected, SGR model measured an overall trend of health expenditures rather than an individual financial status of medical institutions, and index model properly estimated the level of payments to oriental medical doctors. Upon a declining share of health expenditures on oriental medicine, a global budget system fixed to a flat rate of total budget could be an opportunity as well as a challenge.

• The Journal of Asian Finance, Economics and Business
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• 제9권8호
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• pp.1-6
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• 2022

This paper uses the gravity model estimated by the random effect method to analyze the factors affecting Vietnam's coffee export turnover for the period 2007-2020 major markets according to statistics from the General Statistics Office and the General Department of Customs. Coffee export turnover was collected from the General Statistics Office, General Department of Customs, and Vietnam Cacao Coffee Association. The authors calculated the price of coffee based on output and export value from data on coffee export turnover; the authors calculated the economic gap based on population and Gross Domestic Product data (reference: geographic distance metrics on the website: http://www.distancefromto.net/countries.php) and other data was collected based on the databases of the Food and Agriculture Organization of the United Nations, the International Monetary Fund, and World Bank organizations. The results of the study show that from 2007 to 2020, the factors of Vietnam's export price of coffee, geographical distance, Gross Domestic Product of the importing country and Gross Domestic Product of Vietnam, the population of Vietnam, the economic gap between Vietnam and the importing country, the openness of the economy, all have an impact on Vietnam's coffee export turnover. Finally, some conclusions about the policy's impact are made based on the empirical results of the paper.

• 한국재난정보학회 논문집
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• 제9권2호
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• pp.164-177
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• 2013

2010년부터 2013년까지 낙찰자 선정방식이 설계적합 최저가방식, 종합평가방식(입찰가격 조정, 설계점수조정, 가중치기준), 확정금액 최상 설계방식으로 변경되었다. 따라서 이 연구는 국내에서 시행된 변경된 방식에 의한 토목부분 턴키 대안입찰공사의 발주현황, 건수, 수주실적, 낙찰률 범위, 공종별 발주기관별 수주실적, 가중치 낙찰자 수주실적 등의 분석을 통해 국내 낙찰자 결정방식이 건설산업에 미치는 영향, 심의 발주방식 및 운영상의 문제점을 분석하여 제시하였다.

• Industrial Engineering and Management Systems
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• 제9권2호
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• pp.107-120
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• 2010

In today's uncertain economic environment, the evaluation of safety for investment alternatives is of practical importance in manufacturing companies. This paper examines a method of quantitatively evaluating profitability and risk for multiple alternatives using the total-cost unit-cost domain. The paper assumes such factors as unit sales price, sales and production volume, unit variable cost, fixed cost, and yield for each alternative. The paper incorporates the relationship between production capacity and demand, distinguishing between cases of production capacity surplus and shortage for each year over the entire planning horizon. The paper investigates the case in which the values of each factor independently move in the direction of decreasing profit each year, and clarifies the procedure of comparing safety among multiple investment alternatives on a single consolidated total-cost unit-cost domain. The difficulty of the problem lies in the method of consolidating multiple total-cost unit-cost domains into a single domain since the combination of years of capacity surplus and shortage depends upon the change values in each factor under consideration. A systematic method of evaluating profitability as well as risk is presented, and the validity of the proposed method is verified using a numerical example.

• 산업공학
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• 제15권3호
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• pp.279-285
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• 2002

A break-even analysis is a method used widely for profit planning or decisions in most companies. It is useful tool in financial studies because it is simple and offers useful insights from a modest amount of data. Although it is widely used, it has some weaknesses. It is limited in particular to the analysis for a short term time horizon or one period. We suggest a new break-even procedure to analyze projects with a long term time horizon as keeping the simplicity of a conventional break-even analysis. We will make efforts doing to include actual data for a cost or an income as much as possible rather than developing a mathematical model to improve unreality of a traditional break-even analysis. Also, we will use the spreadsheet software to solve problems.

• Industrial Engineering and Management Systems
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• 제11권1호
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• pp.11-17
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• 2012

Along with the recent trend toward increasing variety and shorter life of products in the market, evaluation of risk for economic investment alternatives is of practical importance in manufacturing companies. This paper assumes that each alternative is composed of demand volume and unit sales price as income factors, and unit variable cost and fixed cost as expense factors. The paper assumes that these four factors move worse from the originally expected values, toward the direction of decreasing profit. Values of these four factors are also assumed to fluctuate from year to year over the entire multi-period. By applying the analysis of the breakeven points to each of the four factors, safer area against these changes is represented on the two dimensional domain called normalized total-cost unit-cost domain. A practical numerical example is analyzed to verify the validity of the proposed method.

• 한국기계가공학회지
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• 제9권5호
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• pp.20-27
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• 2010

In this study, we improved problems in the existing product by PARKER and developed the swivel valve tube couplers that can be produced by a low price in Korea. The major development was that a modulized production method was implemented by introducing a part assembling method that uses a cocking jig, and the production cost was reduced by operating the production process more simply than that of PARKER. Also, it was possible to avoid the patient registered by PARKER through the differences in the number of grooving processes and the type of o-ring. In the results of the rotation test by varying its application angle after installing it to a vehicle, it was verified that the structure proposed in this study can endure the eccentric torque and transformation pressure for various angles that have been considered as the problem in the existing fixed tube couplers. In addition, the structure was developed to adopt the problem that represents differences in the installation position of an air tank or the length and direction of hoses according to the type of vehicles produced in vehicle manufacturers. Furthermore, it was possible to verify that the product developed in this study was more excellent than that of PARKER through comparing the performance according to the Federal Motor Vehicle Safety Standard.

• 한국지반공학회논문집
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• 제23권12호
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• pp.5-11
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• 2007

국내에서는 조립토를 이용한 연약지반 처리공법 중 모래다짐말뚝공법이 많이 활용되고 있으나, 모래자원의 고갈과 단가상승으로 인해 적용이 제한되고 있어 대체공법이 필요한 실정이다. 본 연구에서는 육상부 현장에 시험시공된 단일쇄석다짐말뚝에 대한 정재하시험을 수행하였다. 시험시 말뚝의 직경을 700mm로 고정하구 재하판의 면적을 변화시켰으며, 치환율 20, 30, 40%에 대하여 정재하시험을 실시하였다. 그 결과를 토대로 하여 단일쇄석다짐말뚝의 지지력 증가효과를 평가하였다. 치환율이 증가할수록 침하량이 작아지는 경향을 보였다. 또한, 치환율이 고려된 단일쇄석다짐말뚝의 항복지지력 공식을 제안하였다.

• 지능정보연구
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• 제25권3호
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• pp.239-251
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• 2019

본 논문은 학습데이터의 크기에 따른 사례기반추론기법이 주가예측력에 어떻게 영향을 미치는지 살펴본다. 삼성전자 주가를 대상을 학습데이터를 2000년부터 2017년까지 이용한 경우와 2015년부터 2017년까지 이용한 경우를 비교하였다. 테스트데이터는 두 경우 모두 2018년 1월 1일부터 2018년 8월 31일까지 이용하였다. 시계 열데이터의 경우 과거데이터가 얼마나 유용한지 살펴보는 측면과 유사사례개수의 중요성을 살펴보는 측면에서 연구를 진행하였다. 실험결과 학습데이터가 많은 경우가 그렇지 않은 경우보다 예측력이 높았다. MAPE을 기준으로 비교할 때, 학습데이터가 적은 경우, 유사사례 개수와 상관없이 k-NN이 랜덤워크모델에 비해 좋은 결과를 보여주지 못했다. 그러나 학습데이터가 많은 경우, 일반적으로 k-NN의 예측력이 랜덤워크모델에 비해 좋은 결과를 보여주었다. k-NN을 비롯한 다른 데이터마이닝 방법론들이 주가 예측력 제고를 위해 학습데이터의 크기를 증가시키는 것 이외에, 거시경제변수를 고려한 기간유사사례를 찾아 적용하는 것을 제안한다.