• Title/Summary/Keyword: investment ratio

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Implementation of Customized Variable Insurance Management System Using Data Crawling and Fund Management Algorithm

  • Nam, Sung-hyun;Kwon, Soon-kak
    • Journal of Multimedia Information System
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    • v.8 no.1
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    • pp.69-74
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    • 2021
  • This paper accumulates the product structure data such as bond obligation ratio and investment ratio for variable insurance using crawling from the insurance company's API, also accumulates variable insurance income and project expenses for variable insurance using crawling from the API of life insurance association. From these accumulated data, the correlation coefficient between fund product and customer preference is calculated with an investment algorithm, and variable insurance funds by customer investment preference and product structure are recommended according to market conditions. From the simulation results, it is shown that the proposed variable insurance management system properly recommends and manages variable insurance according to customer preferences.

The impact of cash holdings on investment-cash flow sensitivity (현금보유가 기업의 투자-현금흐름민감도에 미치는 영향에 대한 연구)

  • Tae, Jeong-Hyeon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.4
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    • pp.1654-1662
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    • 2011
  • This paper investigates how does cash holdings have effect on investment-cash flow sensitivity in korea firms over the period 1981-2009. According to $\"{O}$.Arslan et al.(2006), I expect that financially constrained firms have more cash holdings. and financially constrained cash-rich firms are likely to have less investment-cash flow sensitivity especially in the financial crisis period. Using financial constraint classification variables(firm size, dividend, cash holdings), we divide whole sample firms into financially constrained firms and financially unconstrained firms, and then I compare investment-cash flow sensitivity in pre-financial crisis(1981-1996), financial crisis(1997-1998) and after-financial crisis(1999-2009) period. This paper's findings are as follows: First, under no financial constraint classification conditions, cash-poor firms exhibit greater investment-cash flow sensitivity than cash-rich firms do during 1981-2009 period except financial crisis period. These findings support the hypothesis that firms have more cash holdings less investment-cash flow sensitivity except in financial crisis period. In financial crisis period, cash holdings have no effect on investment-cash flow sensitivity. Second, this paper findings are somewhat different as $\"{O}$.Arslan et al.(2006)'s. Under the financial constraint classification conditions, financially unconstrained firms have more investment-cash flow sensitivity rather than constrained firms have. The reason is that both dividend and firm size are not a complete classification criteria variables. And there exists other possible determinants of investment-cash flow sensitivity. Finally, this paper find that there are common determinants of corporate cash holdings in all periods. This paper suggests that cash flow and market to book ratio are positive determinants of corporate cash holdings but short-term debt, investment and firm size are negative determinants of corporate cash holdings.

Estimating Profitability of Private Finance Investment Using Real Option : Quantifying Value of Overturn Share Ratio and Minimum Revenue Guarantee (실물옵션에 의한 민간투자사업 사업타당성 평가 : 초과수익분배비율 및 최소수입보장비율 가치 정량화)

  • Jung, Woo-Yong;Koo, Bon-Sang;Han, Seung-Heon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.606-609
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    • 2008
  • Traditionally, the feasibility of the private investment is determined by NPV(Net Presented Value) based on DCF(Discounted Cash Flow) and the volume of government's subsidiary without quantifying the effect of overturn share ratio and MRG(Minimum Revenue Guarantee), these variables which can seriously effect on the economic feasibility. One of the most important reasons why these variables are not underestimated is that the quantifying methods are insufficiently or so complicatedly studied to apply practically the real project. Therefore, this study suggests the modified binominal option model to estimate the overturn share ratio and MRG and estimates how much these variables impact the private investment. Also, these results are helpful to estimate how much the government's subsidiary can be reduced.

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A Study on the Marginal Fit of Dental Prosthesis According to the W/P Ratio of Investment (매몰재의 혼수비가 치관 보철물 변연의 적합성에 미치는 영향에 관한 연구)

  • Hwang, Kyung-Sook
    • Journal of Technologic Dentistry
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    • v.18 no.1
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    • pp.67-72
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    • 1996
  • This test is verifying for influence of W/P ratio of investment upon dental prosthesis Firstly we made 40 MOD die and divide 4 groups, each group take 0.2 different w/p ratio grade such as 0.35, 0.37, 0.39 and 0.41. The method of data analysis applied were by ANOVA, Tukey test and Mann-Whiney and Kruskal Wallis test. The finding of this study were as follows : 1. The 0.37 w/p ratio group showed most accurte margin due to $15.8{\mu}m$ gap between margin and die which keep up with manufacture's instruction and 0.35 w/p ratio group was followed as second accuracy group o 새 $48.3{\mu}m$ gap between margin and die, 0.39 w/p ratio group showed $101{\mu}m$ gap and 0.41 w/p ratio group showed $129.8{\mu}m$ gap. 2. As to the relationship of the margin accuracy between 4 different grade of w/p ratio groups, each group was statistically significant(P<0.01). Also the all groups were statistically significant except between 0.35 and 0.37 groups between 0.39 and 0.41 groups, and between 0.35 and 0.39 groups. 3. A consequence of Mann-Whitney & Kruskal-Wallis test for marginal accuracy between 4 different grade of w/p ratio was statistically significant as same as above ANOVA test result. Also Tukey test for verifying similarity from each group showed same as above.

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R&D Investment Model for the Information and Telecommunications Technology by Multiple Objective Linear Programming (다목적선형계획법을 이용한 한국 정보통신 기술분야별 R&D 투자규모결정 모형개발 및 사례연구)

  • 이동엽
    • Korean Management Science Review
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    • v.16 no.1
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    • pp.63-74
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    • 1999
  • This paper presents a R&D investment model for the Information and telecommunications(l&T) technology using multiple objective linear programming(MOLP). The MOLP model involves the simultaneous maximization of three linear objective functions associated with three criteria, which are social, technological, and economic criterion. This model is different from the traditional one which only involves the maximization of economic criterion. It yields a suitable R&D investment ratio to each technology field. Its application to the National R&D Project in l&t Industry is also presented. In this application, the Analytic Hierarchy Process(AHP) is proposed to estimate the weights, which used as the coefficients in each objective function of the MOLP model. Then the problem is solved using the interactive method STEM. It is showed that with the aid of STEM, the MOLP model can be useful decision aid in formulation R&D investment plan in l&t industry. It is expected that the MOLP model works as the basis for planning R&D investment strategy in l&T industry.

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A Study on Design of Production System for reducing Production Time in the Small and Medium Business (중소기업에서 생산시간 감소를 위한 생산시스템 설계에 관한 연구)

  • 조석호;양광모;서장훈;강경식
    • Proceedings of the Safety Management and Science Conference
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    • 2003.11a
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    • pp.203-206
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    • 2003
  • Each method for economic evaluation has its own characteristics. Therefore adoption of each of them in evaluation production investment project results in many problems. Hence combination & modification of them are required to perform more accurate evaluation about investment project. This paper discuss evaluation method of investment projects expansion and replacement investment on each line or individual in the production. Generally investment evaluation method has add to a few method by Subsidiary means with use a especial method. And then in this paper, a Taguchi Techniques is presented, which may be effective to the facilities appraisal or improvement. We propose a decision model to incorporates the values assigned by a group of experts on different factors in production. Using this model, SN ratio of taguchi method for each of subjective factors as well as values of weights are used in this comprehensive method for reducing production rate in production management.

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A Case Study on Investment Evaluation of Hadong T/P(Thermal Power) Port

  • Kim, Myoung-Hee;Lee, Ki-Hwan;Jang, Ji-Tae
    • Journal of Navigation and Port Research
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    • v.39 no.2
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    • pp.99-105
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    • 2015
  • Until recently, thermal power plants have used high-rank coals to generate electricity. The switched to low-rank coals, primarily because of the rising coal price and the advancement of combustion technology. Therefore the thermal power plants need more fuels aspect of quantity and they are going to build extra infrastructure to deal with the increased fuel demand in their specialized ports. This paper introduces the process of the economic analysis as a case study for Hadong T/P(Thermal Power) Port. This study also evaluates investment for mew projects in ports. We analyze the costs and benefits of the port investment project using various information. And then we conduct the economic analysis using NPV(net present value), B/C ratio and IRR grounded in a financial theory. Out result of the economic feasibility shows that the new project of constructing a third berth in Hadong T/P Port has positive economic value. Additionally, this study conducts the sensitivity analysis of the major variables like cost, benefit and discount rate.

Economic Strategy: Correlation between Macro and Microeconomics on Income Inequality in Indonesia

  • SALIM, Agus;RUSTAM, Andi;HAERUDDIN, Haeruddin;ASRIATI, Asriati;PUTRA, Aditya Halim Perdana Kusuma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.681-693
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    • 2020
  • This study sees a critical gap in the previous body of research, which it seeks to fill; the disclosure of the unemployment ratio correlation has only been measured by the level of economic growth. This study is to add investment variables and government expenditure variables that objectively aim to measure the level of effectiveness in handling the unemployment ratio, which is then a measurement of the effectiveness of unemployment. Economic growth is measured by its impact on income inequality through empirical, conceptual relationships as a critical review and economic strategy for the future. The research uses secondary data on Indonesian macro and microeconomics since 2003-2018, then testing uses a quantitative approach to correlation, regression, and scatterplot. The results of this study show correlations between variables, and volatiles on the graphs show a similar trend. In other words, variables are bound together and support each other. The strategy of prioritizing the scale of government expenditure and investment to reach the target is the primary concern, so that the economic cycle can be optimal and equipped to face the possibility of an economic recession in the future. Many factors cause complex income inequality, though investment does not show a correlation to income inequality.

Study on Phosphate Investment for High Temperature Precision Castings(I);The Effect of Particle size and Distribution of Silica Sand on the characteristics of the Investment (고온정밀주조용 인산염계 매몰재에 관한 연구(I);매몰재의 특성에 미치는 규사의 입도와 입도분포의 영향)

  • Ahn, Ji-Hong;Lee, Jong-Nam
    • Journal of Korea Foundry Society
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    • v.5 no.2
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    • pp.85-96
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    • 1985
  • In order to investigate the effect of particle size and distribution of silica sand on the characteristics of investment, W/P ratio, setting time, temperature change during setting, setting expansion, thermal expansion and compressive strength of the investments were measured. In this experiment, magnesia clinker and mono ammonium phosphate were used as binder, and particle size and distribution of silica sand were classified for convinence into 10 categories. The main results obtained from this investigation were summerized as follows. 1. W/P ratio decreased with increase of particle size and evenness in distribution of sand grain. 2. Setting time decreased with increase of evenness in distribution of sand grain, and temperature during setting increased with evenness in distribution of sand grain. 3. Setting expansion decreased with increase of particle size, while it increased with evenness in distribution of sand grain. 4. Thermal expansion decreased with increase of particle size. 5. Compressive strength increased with increase of particle size and evenness in distribution of sand grain. From above results, G.F.N. 250 sand which contains 30% of 50-100 mesh could be recommended for investment casting.

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Effect of Cash flow on the R&D investment of Pharmaceutical Companies - focused on KOSDAQ market (제약회사의 현금흐름이 연구개발투자에 미치는 영향 -코스닥시장을 중심으로)

  • Lee, Munjae;Choi, Mankyu
    • The Journal of the Korea Contents Association
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    • v.15 no.8
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    • pp.473-480
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    • 2015
  • The purpose of this study is to analyze the influence of the cash flow of pharmaceutical companies on R&D investment. 143 pharmaceutical companies listed in the KOSDAQ market from 2009 to 2013. Financial statements and comments in general and internal transactions were extracted from TS-2000 of the Korea Listed Company Association (KLCA), and data related to stock price was extracted from KISVALUE-III of NICE Information Service Co., Ltd. STATA 12.0 was used as the statistical package for panel analysis. The summary of the findings and the interpretation of the significance of this are as follows: First, the current ratio (internal finance) had a positive influence on R&D investment. Second, the debt ratio (external finance) had a negative influence on R&D investment. The pharmaceutical company prefers internal funds to external funds due to the asymmetry of information in the loan markets. In other words, this shows why internal finances have a significant influence on R&D investment at pharmaceutical companies.