• Title/Summary/Keyword: leverage point

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Building A System Dynamics Model for Strategic Knowledge Management in IT Company (IT 기업의 전략적 지식관리를 위한 SD 모델 구축 사례)

  • 박상현;연승준;김상욱
    • Korean System Dynamics Review
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    • v.3 no.1
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    • pp.105-129
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    • 2002
  • IT companies make a lot of efforts for sharing and utilizing of experiences of their members and transforming them into the organizational knowledge as a competitive core. But they face a dilemma that they have to spend time and financial resource to perform activities around knowledge management for the long-term gains, while carrying field-works for making short-term profits. As an initial attempt to tackle this managerial problem, this paper try to investigate the mechanism of knowledge management in a small IT company in Korea with a synthetic view-point using system dynamics simulation model. It depicts the dynamic behaviors of knowledge management and presents some findings of political leverage. Although it has to be replenished further, the scheme for the dynamism of knowledge management and the findings presented in the paper could be useful for the decision makers particularly of knowledge-intensive organizations

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On the Robustness of $L_1$-estimator in Linear Regression Models

  • Bu-Yong Kim
    • Communications for Statistical Applications and Methods
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    • v.2 no.2
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    • pp.277-287
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    • 1995
  • It is well kmown that the $L_1$-estimator is robust with respect to vertical outliers in regression data, even if it is susceptible to bad leverage points. This article is concerned with the robustness of the $L_1$-estimator. To investigate its robustness against vertical outliers we may find intervals for the value of the response variable within which the $L_1$-estimates do not shange. A procedure for constructing those intervals in multiple limear regression is illustrated in the sensitivity analysis context. And then vertical breakdown point of the $L_1$-estimator is defined on the basis of properties related to those intervals.

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A Research on the Prospect for the Future Energy Society in Korea: Focused on the Complementary Analysis of AHP and Causal Loop Diagram (한국의 미래 에너지사회 전망에 관한 연구 : 계층분석법과 인과지도의 보완적 분석을 중심으로)

  • Hwang, Byung-Yong;Choi, Han-Lim;Ahn, Nam-Sung
    • Korean System Dynamics Review
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    • v.11 no.3
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    • pp.61-86
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    • 2010
  • This research analyzed on the future energy society of Korea in 2030 using system thinking approach. Key uncertainty factors determining the future energy society were analyzed in a multi disciplinary view point such as politics, economy, society, ecology and technology. Three causal loop diagrams for the future energy system in Korea and related policy leverages were shown as well. 'Global economic trends', 'change of industrial structure' and 'energy price' were identified as key uncertainty factors determining the Korean energy future. Three causal loop diagrams named as 'rate of energy self-sufficiency and alternative energy production', 'economic activity and energy demand' and 'Excavation of new growth engines' were developed. We integrated those causal loop diagrams into one to understand the entire energy system of the future, proposed three strategic scenarios(optimistic, pessimistic and most likely) and discussed implications and limits of this research.

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An Empirical Investigation of Agency Costs in the Determination of Performance of Pakistani Nonfinancial Sector

  • Siddiqui, Muhammad Ayub;Afzal, Usman
    • Journal of Distribution Science
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    • v.10 no.5
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    • pp.19-28
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    • 2012
  • The study examines the performance and its relationship with capital structure and agency cost with respect to the industrial configurations and economic groups of Pakistan Economy. The study employs data set of 334 listed joint stock companies from the nonfinancial sectors for the period of 1999-2009 from cotton and textile, engineering, chemical, sugar, cement, fuel and energy, paper and board, transport and communication, and miscellaneous economic groups. Pooled data from the Panel data methodology has been applied to observe the significance of different performance measures through determinant of capital structure and agency costs with special focus on the leverage and cash flows as the direct determinant and interactive variables. The empirical test results using redundant variable tests demonstrate support for agency theory in the context of Pakistan's industrial configurations. The implications of the study point towards more investigations on the subject using industrial configurations as control and moderating variables.

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MUVIS: Multi-Source Video Streaming Service over WLANs

  • Li Danjue;Chuah Chen-Nee;Cheung Gene;Yoo S. J. Ben
    • Journal of Communications and Networks
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    • v.7 no.2
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    • pp.144-156
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    • 2005
  • Video streaming over wireless networks is challenging due to node mobility and high channel error rate. In this paper, we propose a multi-source video streaming (MUVIS) system to support high quality video streaming service over IEEE 802.1l-based wireless networks. We begin by collocating a streaming proxy with the wireless access point to help leverage both the media server and peers in the WLAN. By tracking the peer mobility patterns and performing content discovery among peers, we construct a multi-source sender group and stream video using a rate-distortion optimized scheme. We formulate such a multi-source streaming scenario as a combinatorial packet scheduling problem and introduce the concept of asynchronous clocks to decouple the problem into three steps. First, we decide the membership of the multisource sender group based on the mobility pattern tracking, available video content in each peer and the bandwidth each peer allocates to the multi-source streaming service. Then, we select one sender from the sender group in each optimization instance using asynchronous clocks. Finally, we apply the point-to-point rate-distortion optimization framework between the selected sender-receiver pair. In addition, we implement two different caching strategies, simple caching simple fetching (SCSF) and distortion minimized smart caching (DMSC), in the proxy to investigate the effect of caching on the streaming performance. To design more realistic simulation models, we use the empirical results from corporate wireless networks to generate node mobility. Simulation results show that our proposed multi-source streaming scheme has better performance than the traditional server-only streaming scheme and that proxy-based caching can potentially improve video streaming performance.

A Framework for implementing Knowledge Network using Social Network Analysis

  • Hwang, Hyun-Seok;Kim, Su-Yeon
    • Proceedings of the Korea Society of Information Technology Applications Conference
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    • 2005.11a
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    • pp.139-142
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    • 2005
  • Recently research interest in Knowledge Management (KM) has grown rapidly. Companies regard intellectual capital as important asset and strive to deploy KM in an organization to gain a competitive edge. Many organizations currently engage in knowledge management in order to leverage knowledge both within their organization and externally to their shareholders and customers. Most of the previous research related to KM are dedicated to investigate the role of information technology in extracting, capturing, sharing, coverting organizational knowledge. Knowledge workers, however, are paid less attention though they are the key players in KM activities such as knowledge creation, dissemination, capture and conversion. We regard knowledge workers as a major component of KM and starting point of understanding organizational knowledge activities. Therefore we adopt a method to understand and analyze knowldge workers' social relationships. In this paper we investigate Social Network Analysis (SNA) as a tool for analyzing knowledge network. We introduce the basic concept of SNA and suggest a framework for implementing knowledge network by explaining how SNA can be used for analyzing knowledge network. We also propose a numerical method for identifying knowledge workers using SNA after classifying knowledge workers. The suggested method is expected to help understanding key knowledge players within an organization.

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Impact of Corporate Social Responsibility Disclosures on Bankruptcy Risk of Vietnamese Firms

  • NGUYEN, Soa La;PHAM, Cuong Duc;NGUYEN, Anh Huu;DINH, Hung The
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.81-90
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    • 2020
  • This study investigates the nexus between the level of Corporate Social Responsibility Disclosures (CSRD) and Risk of Bankruptcy of companies that are listing in the Stock Exchanges of Vietnam. To investigate that relationship, this study collected secondary data from annual audited financial statements from 2014 to 2018 of listing companies. Applying two different regression models with two dependent variables and six independent and control variables, we find out that Vietnamese firms with higher level of CSRD performance can rapidly reduce their risk of bankruptcy. This phenomenon happens in the current year and in the coming years in all firms in the research sample. This result may be that the disclosures of social responsibility information can bring financial and non-financial benefits to the firms. In addition, the results also point out that there is a difference in risk of bankruptcy between the group of companies, which discloses and the one which does not disclose corporate social responsibility on their annual reports. This might be from the effects of various factors such as business size, financial leverage, market to book ratio, return on assets, cash flow from operations, etc. Our research results can be applied to other firms in Vietnam and in other similar jurisdictions.

Algorithm for the Robust Estimation in Logistic Regression (로지스틱회귀모형의 로버스트 추정을 위한 알고리즘)

  • Kim, Bu-Yong;Kahng, Myung-Wook;Choi, Mi-Ae
    • The Korean Journal of Applied Statistics
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    • v.20 no.3
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    • pp.551-559
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    • 2007
  • The maximum likelihood estimation is not robust against outliers in the logistic regression. Thus we propose an algorithm for the robust estimation, which identifies the bad leverage points and vertical outliers by the V-mask type criterion, and then strives to dampen the effect of outliers. Our main finding is that, by an appropriate selection of weights and factors, we could obtain the logistic estimates with high breakdown point. The proposed algorithm is evaluated by means of the correct classification rate on the basis of real-life and artificial data sets. The results indicate that the proposed algorithm is superior to the maximum likelihood estimation in terms of the classification.

Applications of Drones for Environmental Monitoring of Pollutant-Emitting Facilities

  • Son, Seung Woo;Yu, Jae Jin;Kim, Dong Woo;Park, Hyun Su;Yoon, Jeong Ho
    • Proceedings of the National Institute of Ecology of the Republic of Korea
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    • v.2 no.4
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    • pp.298-304
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    • 2021
  • This study aimed to determine the applicability of drones and air quality sensors in environmental monitoring of air pollutant emissions by developing and testing two new methods. The first method used orthoimagery for precise monitoring of pollutant-emitting facilities. The second method used atmospheric sensors for monitoring air pollutants in emissions. Results showed that ground sample distance could be established within 5 cm during the creation of orthoimagery for monitoring emissions, which allowed for detailed examination of facilities with naked eyes. For air quality monitoring, drones were flown on a fixed course and measured the air quality in point units, thus enabling mapping of air quality through spatial analysis. Sensors that could measure various substances were used during this process. Data on particulate matter were compared with data from the National Air Pollution Measurement Network to determine its future potential to leverage. However, technical development and applications for environmental monitoring of pollution-emitting facilities are still in their early stages. They could be limited by meteorological conditions and sensitivity of the sensor technology. This research is expected to provide guidelines for environmental monitoring of pollutant-emitting facilities using drones.

Franchise Contract Management Performance by Supervisor Type : A Case of 'Ganiyeok' (슈퍼바이저의 커뮤니케이션 유형에 따른 가맹점별 계약관리 성과 : 프랜차이즈 '간이역' 사례를 중심으로)

  • Park, Keumyoung;Park, Hyunsik;Park, Heena
    • The Korean Journal of Franchise Management
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    • v.6 no.1
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    • pp.42-68
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    • 2015
  • As franchise industry has grown, the role of a supervisor who is a contact point between franchisor and franchisees has become more vital to success of the business. This research, focusing on his/her specific role, explores communication type, leadership type, and followership type of the supervisor in relations with the organization, franchisor, and franchisees, respectively. Furthermore, we compared performance of franchises by the three types above through the franchise contract management leverage (FCML) which reflects business performance both qualitatively and quantitatively. According to the analysis on supervisors of a franchise business, 'Ganiyeok', the majority of supervisors' communication type were either supportive style or directive style. For the leadership type, team-type and impoverished-type leaders were the majority, while effective or passive followership appeared highest in followership type. In addition, supportive supervisors in communication style, team-type supervisors in leadership style, and effective supervisors in followership had highest FCML, while reflective and directive styles, impoverished style, and passive style had lowest FCML. Primary goal of a franchise business is stable profit generation. This study not only examined what characteristics supervisors need and which style is insufficient, but also proposed tailored solutions for each style. Thus, we confirmed that debates on franchise can be approached in perspective of both communication and business, and we further suggest diverse approaches on future franchise business.