• Title/Summary/Keyword: model compensation

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The Effect of Compensation and Career on Turnover Intention: Evidence from Indonesia

  • VIZANO, Nico Alexander;SUTAWIDJAYA, Ahmad Hidayat;ENDRI, Endri
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.471-478
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    • 2021
  • This study aims to investigate the determinants of turnover intention among company managers in Indonesia. Based on the literature, this research hypothesizes that job satisfaction is a mediator in the relationship between compensation, career and turnover intention of companies in Indonesia. Respondents as research samples are grouped into middle managers from two industries, namely, manufacturing and services. A total of 215 questionnaires were returned from middle managers. Data analysis used Structural Equation Model - Linear Structural Relationship (SEM LISREL). The research results prove that compensation and career have a positive effect on job satisfaction. Compensation, career, and job satisfaction have a negative impact on turnover intention. Compensation is known to be one of the motivating drivers of workers around the world. From this study it can be said that, if middle manager teachers are well compensated, they will be encouraged, persuaded and will have positive feelings toward their work, and this will result in staying put. It works also with career and job satisfaction. If both variables are considered carefully, intention to move tends to be low. These findings provide new insights into the field of international human resources in developing multinational companies and service businesses.

The Effect on Firm's Performance of Employee Stock Option (종업원의 주식보상시스템이 기업성과에 미치는 영향)

  • Park, Jong-Hyuk
    • Management & Information Systems Review
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    • v.28 no.1
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    • pp.71-97
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    • 2009
  • In this study, I compare the ability of alternative accounting method for employee stock option to reflect firm value using the Ohlson's(1995) valuation model for 200 firms. The each methods, I compare are employee stock option expense recognition based on the K-GAAP disclosures, and asset recognition at the grant date based on the SFAS No. 123 Exposure Draft: Accounting for stock-based compensation. The model include: (1) a model that uses reported earnings, equity book value, and compensation expense based on the K-GAAP disclosures; (2) a model that uses pro-forma earnings, equity book value and adds a measure of the unrecognized asset arising form granting of employee stock options. Finding form estimating equations that the K-GAAP method for calculating compensation has no explanatory power, and the SFAS No.123 Draft Exposure method for arising asset and fair value compensation better captures than market's perception of the economic impact of stock options on firm values. However, the correlation of employee stock option compensation expense is positive. These results suggest that incentive benefits derived from employee stock option plans outweigh the cost associated with plan. In addition, I couldn't find evidence that company in KOSDAQ that have high growth potential benefit more from employee stock option plan compared to lager, more mature firm in SEC.

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An Empirical Study on the Cost Behavior in Coastal Fishery (연안어선어업 피해율 산정을 위한 원가행태에 관한 실증연구)

  • Kim, Woo-Soo;Kim, Kil-Yong
    • The Journal of Fisheries Business Administration
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    • v.42 no.3
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    • pp.1-13
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    • 2011
  • It is necessary to set up a standard of estimation for annual unit price of sale and cost, damage rate for calculating compensation against fishery damage objectively. Two items on the unit price and cost have regulations but the damage rate has not, so it may occurred some problems such as reasonability and balance because the estimation should be handling by an appraiser's knowledge and experience. This study has analyzed using Regression model and searched variable costs and fixed costs about each items appraisers to operate in the present. It is compare profit damage index is calculated by an estimated model and an appraised example. This analysis showed highly 23-30% estimated model more than appraised example. It means the overestimation for fishery damage. This difference has caused by limited data, lack of sample, much difference in the standard deviation, and has not classified each kind of business and weight of coastal fishery, the overestimation more than what expected. This study has analyzed that the applied rate of fixed and variable cost in relation to the compensation in the cost of coastal fishery is very valuable.

Analysis of Hydraulic-Pneumatic System for Offshore Plant Heave Compensator (해양플랜트용 수직 보상기의 유공압 시스템 해석)

  • Jung, Yong-Gil;Hwang, Sung-Gu;Kim, Gwi-Nam;Yoon, Yung-Hwan;Hyun, Jang-Hwan;Huh, Sun-Chul
    • Journal of Power System Engineering
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    • v.19 no.1
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    • pp.76-82
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    • 2015
  • An analysis model is developed using a commercial software 'simulationX' for designing hydraulic-pneumatic system of heave compensator for offshore drilling operations. Reliability verification of the analysis model for the test equipment of 1/5 scale compensator was conducted by comparing test results and simulation results. An analysis of full scale heave compensator is developed on the basis of verified a model. Then, the results of simulation were analyzed to obtain following conclusion. The displacement of crown block about excitation input amplitude (${\pm}3,000mm$) of the steward platform using a 'simulationX' is attenuated under ${\pm}35mm$, and the compensation rate is 98.7%. In this study, goal of a compensation rate is more than 95%. The previously results are satisfied with the objectives of compensation rate.

A Study on the Derivation of Springback Compensation Angle Trend Line in Tube Bending (튜브 벤딩시 스프링백 보정각 추세선 도출에 관한 연구)

  • Lee, D.Y.;Oh, S.G.;Choi, B.S.
    • Transactions of Materials Processing
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    • v.29 no.4
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    • pp.188-193
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    • 2020
  • Piping work of large ships or offshore plants is often done in a narrow and confined space, requiring precise bending and safety. In order to realize an accurate bending angle, it is very important to predict and correct a deformation that may be caused by elasticity in the bending process, that is, an angular deviation due to springback. Therefore, by using CAE analysis to develop a correction angle model for springback based on multiple tube bending angles and using trend line data derived from this correction angle model, at bending the tube as the diameter of the base former and the tube outer diameter change, the springback compensation angle at any angle can be obtained. In this study, the bending mechanism was analyzed to increase the bending precision, and a correction angle model was developed and a trend line was derived in consideration of springback occurring in the bending process. In order to derive a more accurate and reliable trend line, a tube tensile test was performed, and the reliability of the corrected angle trend line was verified by comparing the bending angle measurement and analysis results with a 3D scanner.

Robust Motion Control of Robotic Manipulators with Nonadaptive Model-based Compensation (비적응 모델 보상법에 의한 강성로보트의 강인한 동작제어)

  • You, S. S.
    • Journal of Advanced Marine Engineering and Technology
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    • v.18 no.4
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    • pp.102-111
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    • 1994
  • This article deals with the problem of designing a robust algorithm for the motion control of robot manipulator whose nonlinear dynamics contain various uncertainties. To ensure high performance of control system, a model-based feedforward compensation with continuous robust control has been developed. The control structure based on the deterministic approach consists of two parts : the nominal control law is first introduced to stabilize the system without uncertainties, then a robust nonlinear control law is adopted to compensate for both the resulting errors(or structured uncertainties) and unstructured uncertainties. The uncertainties assumed in this study are bounded by polynomials in the Euclidean norms of system states with known bounding coefficients. The presented control scheme is relatively simple as well as computationally efficient. With a feasible class of desired trajectories, the proposed control law provides sufficient criteria which guarantee that all possible responses of the closed-loop system are uniformly ultimately bounded in the presence of uncertainties. Therefore, the control algorithm proposed is shown to be robust with respect to the involved uncertainties.

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Compensation of the rotor time constant of induction motor using current error feedback (전류오차 궤환을 이용한 유도전동기 회전자 시정수 보상)

  • 김승민;이무영;권우현
    • 제어로봇시스템학회:학술대회논문집
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    • 1997.10a
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    • pp.195-198
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    • 1997
  • This paper proposes the effective compensation method of the rotor time constant of induction motor. An indirect vector control method is highly dependent on the motor parameters. To solve the problem of performance degradation due to parameter variation in an indirect vector control of induction motor, we compensate the rotor time constant by current error feedback. The proposed method is a simple on-line rotor time constant compensation method using the information from terminal voltages and currents. As the current error, difference between current command and estimated current, approaches to zero, the value of rotor time constant in an indirect vector controller follows the real value of induction motor. This scheme is valid transient region as well as steady state region regardless of low or high speed. This method is verified by computer simulation. For this, we constructed the simulation model of induction motor, indirect vector controller and current regulated PWM (CRPWM) voltage source inverter (VSI) using SIMULINK in MATLAB.

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Real-Time Estimation and Compensation of the Laser Interferometer in Nano-Scale

  • Lee, Yong-Woo;Choi, Hyun-Seok;Park, Tong-Jin;Han, Chang-Soo;Choi, Tae-Hoon;Lee, Nak-Kyu;Lee, Hyoung-Wook;Na, Kyung-Hwan
    • 제어로봇시스템학회:학술대회논문집
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    • 2003.10a
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    • pp.1225-1230
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    • 2003
  • In this study, Real-time estimation and compensation procedure are developed for the laser interferometer. This system is designed with homodyne quadrature-phase detection method using the Laser interferometer. The errors in this system are due to noise, disturbance and undefined model dynamics. DSP(Digital Signal Processor) is applied for real time compensation of these errors. This estimator and compensation is verified with measurement test.

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Study of Machined Surface Error Compensation for Autonomous Manufacturing System (자율가공 시스템을 위한 가공면 오차보상에 관한 연구)

  • 서태일
    • Journal of the Korean Society of Manufacturing Technology Engineers
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    • v.9 no.4
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    • pp.75-84
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    • 2000
  • The main goal of our research is to compensate the milled surface errors induced by the tool deflection effects, which occur during the milling process. First, we predict cutting forces and tool deflection amount. Based on predicted deflection effects, we model milled surface shapes. We present a compensation methodology , which can generate a new tool trajectory, which is determined so as to compensate the milled surface errors. By considering manufacturing tolerance, tool path compensation is generalized. To validate the approaches proposed in this paper, we treat an illustrative example of profile milling process by using flat end mill. Simulation and experimental results are shown.

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A Study on the Compensation of the Thermal Errors for Machine Tool (공작기계 열변위 보정에 관한 연구)

  • 이인재
    • Journal of the Korean Society of Manufacturing Technology Engineers
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    • v.9 no.4
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    • pp.117-122
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    • 2000
  • This paper presents an indirect compensation of thermal errors during machining , in which thermal error is modelled as a linear regression of temperatures measured at 4 specified positions. In this regression model, weighting coefficients of the measured temperatures were estimated by using the least square method. The grinding test with compensation , after 4 -hour warning-up operation before the test, showed that the maximum machining error of the work pieces was reduced to 12${\mu}{\textrm}{m}$ while it measured by 28${\mu}{\textrm}{m}$ without compensation . Furthermore the standard deviation of machining errors was also reduced from 8${\mu}{\textrm}{m}$ to 2${\mu}{\textrm}{m}$.

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