• 제목/요약/키워드: opportunity costs

검색결과 145건 처리시간 0.023초

현금흐름을 포함하는 회분식 공정-저장조 망구조의 최적설계 (Optimal Design Of Batch-Storage Network with Financial Transactions and Cash Flows)

  • 이의수;이인범;이경범
    • 제어로봇시스템학회논문지
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    • 제11권11호
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    • pp.956-962
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    • 2005
  • This paper presents an integrated analysis of production and financing decisions. We assume that a cash storage unit is installed to manage the cash flows related with production activities such as raw material procurement, process operating setup, Inventory holding cost and finished product sales. Temporarily financial investments are allowed for more profit. The production plant is modeled by the Batch-Storage Network with Recycle Streams in Yi and Reklaitis (2003). The objective function of the optimization is minimizing the opportunity costs of annualized capital investment and cash/material inventory while maximizing stockholder's benefit. No depletion of all the material and cash storage units is major constraints of the optimization. A novel production and inventory analysis formulation, the PSW(Periodic Square Wave) model, provides useful expressions for the upper/lower bounds and average level of the cash and material inventory holdups. The expressions for the Kuhn-Tucker conditions of the optimization problem can be reduced to two subproblems and analytical lot sizing equations under a mild assumption about the cash flow pattern of stockholder's dividend. The first subproblem is a separable concave minimization network flow problem whose solution yields the average material flow rates through the networks. The second subproblem determines the decisions about financial Investment. Finally, production and financial transaction lot sizes and startup times can be determined by analytical expressions as far as the average flow rates are calculated. The optimal production lot and storage sizes considering financial factors are smaller than those without such consideration. An illustrative example is presented to demonstrate the results obtainable using this approach.

다국적 기업에서 환율과 세금을 고려한 공정-저장조 망구조의 최적설계 (Optimal Design of Process-Inventory Network Considering Exchange Rates and Taxes in Multinational Corporations)

  • 이경범;서근학
    • 제어로봇시스템학회논문지
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    • 제17권9호
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    • pp.932-940
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    • 2011
  • This paper presents an integrated analysis of supply chain and financing decisions of multi-national corporation. We construct a model in which multiple currency storage units are installed to manage the currency flows associated with multi-national supply chain activities such as raw material procurement, process operation, inventory control, transportation and finished product sales. Core contribution of this study is to quantitatively investigate the influence of macroscopic economic factors such as exchange rates and taxes on operational decisions. The supply chain is modeled by the Process-Storage Network with recycle streams. The objective function of the optimization is minimizing the opportunity costs of annualized capital investments and currency/material inventories minus the benefit to stockholders interpreted by home currency. The major constraints of the optimization are that the material and currency storage units must not be depleted. A production and inventory analysis formulation, the periodic square wave (PSW) model, provides useful expressions for the upper/lower bounds and average levels of the currency and material inventory holdups. The expressions for the Kuhn-Tucker conditions of the optimization problem are reduced to a subproblem and analytical lot sizing equations. The procurement, production, transportation and financial transaction lot sizes can be determined by analytical expressions after the average flow rates are already known. We show that, when corporate income tax is taken into consideration, the optimal production lot and storage sizes are smaller than is the case when such factors are not considered typically by 20 %.

간호사의 사회봉사활동 체계 구축을 위한 실태 및 인식 조사 (A Study on the actual condition and perception of the social service activity of nurses for social service system construction)

  • 김용순;김명옥;송주은
    • 간호행정학회지
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    • 제9권1호
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    • pp.129-139
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    • 2003
  • Purpose : The purpose of this study is to investigate the actual condition and recognition about social service activity(SSA) of nurses. Methods : This is a descriptive study. The data were collected by a structured questionare from July 15 to 31, 2002. The questionares were sent to 711 nurses of 38 hospitals, and 664 cases were returned. The answer rate is 93.4%. The data were analyzed by SPSS 11.0. Results : 1. 71.0% nurses had a SSA experience during university, but only 14.2% nurses are participated in SSA now. 2. In the case of having an experience, 56.0% nurses participated in SSA under 1 year, 69.5% nurses didn't support the service costs. 3. In the case of not having experience, the main reason why they didn't participate in is to lack of opportunity. 4. 91.1% nurses recognize the necessity of SSA and 99.5% nurses agree with the necessity of operation system. 82.9% nurses approve the cooperation system among the regions. 87.2% nurses have an intension to participate in SSA when the cooperation system is set up. Conclusion : It need to set up the social service operating system among the regions, and encourage nurse to participate in the SSA.

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객체지향 데이터베이스 시스템에서 내포적 답의 처리 기법 (Intensional Answers in Object-Oriented Database Systems)

  • Kim, Yang-Hee
    • 정보처리학회논문지D
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    • 제9D권2호
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    • pp.227-234
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    • 2002
  • 기존 데이터베이스 시스템에서 질의를 처리할 때, 질의문의 응답은 사실이나 튜플들의 집합이다. 객체지향 데이터베이스 시스템에서도 객체들의 집합이 질의문의 응답이다. 그러나 추론적 데이터베이스 시스템에서는 질의문에 대하여 식의 집합으로 응답할 수 있으므로, 질의문 처리 비용을 절감할 수 있으며, 데이터베이스 상태와는 독립적인 좀 더 간결한 "내포적 답"으로 표현할 수 있다. 본 논문에서는 객체지향 데이터베이스 시스템에 규칙을 도입하여 추론적 데이터베이스 시스템에서 사용되는 내포적 질의문 처리 방법과 결합하여, 기존의 객체지향 데이터베이스 시스템에서 답을 얻을 수 없었던 불완전한 질의문에 대한 답을 얻을 수 있게 하였을 뿐만 아니라, 답의 클래스의 이름으로 표현함으로써, 답을 보다 명료하게 이해할 수 있게 해준다.

검사 결과 확인을 위한 전화 진료의 활용 (The use of the telephone for a medical consultation for checking the examination results)

  • 이정원;김연정;안세현;박찬흔
    • 한국병원경영학회지
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    • 제18권1호
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    • pp.59-69
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    • 2013
  • Purpose Patients should have a regular medical check-up, the cost direct and indirect medical expenses to check the results, and revisit the hospital. Some of patients often want to use the telephone for a medical consultation, Method The subjects participating in this study were a selection 485 patients who received outpatient service in Asan Medical Center and Gangbuk Samsung Hospital. The patients's favorite method for medical check-up, time, cost, fatigue, and inconvenience, in regard with the revisit to check the examination results, were researched and analyzed on identical questionnaires about them. Results The average transportation, food expenses and opportunity costs the subjects spent was 90,400 for those from the Seoul and Gyunggi area, and 269,800 from other area. And the average required time per visit was 4.13 hours for those from the Seoul and Gyunggi area, 11.84 hours from other areas, and averagely 7.72 hours for all the subjects. More than 75% of the subjects answered that they felt tired and their work was interrupted. The subjects from both areas preferred the check by phone. Conclusion If the scope of telephone medical consultation is defined and the doctor-patient certification is possible, it can be thought as an efficient alternative of the medical check-up by revisit. It is necessary to discuss an appropriate amount of the medical check-up by phone which the same cost and effort can be allocated in.

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Evaluation of Chinese Brown Rice as an Alternative Energy Source in Pig Diets

  • Piao, X.S.;Li, Defa;Han, In K.;Chen, Y.;Lee, J.H.;Wang, D.Y.;Li, J.B.;Zhang, D.F.
    • Asian-Australasian Journal of Animal Sciences
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    • 제15권1호
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    • pp.89-93
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    • 2002
  • A total of six crossbred barrows ($Duroc{\times}Landrace{\times}Large$ White, $44.17{\pm}1.94kg$ BW) were housed conducted to evaluate apparent fecal digestibilities of Brown Rice (BR) as an alternative energy source in growing pigs. Pigs were housed individually on metabolism crate on the basis of body weight. Four treatments contained: 1) 100% of corn-soybean meal (C100; Control diet), 2) 75% of corn-soybean meal diet plus 25% of corn meal (C25), 3) 100% of brown rice-soybean meal diet (BR100), 4) 75% of brown rice-soybean meal diet plus 25% of brown rice meal (BR25). Brown rice has an excellent gross energy and crude protein composition compared to corn. The BR used had 3,801 kcal of gross energy/kg, 8.0% crude protein, 2.6% of ether extract, 0.035% calcium and 0.35% total phosphorus. The best digestibilities of energy (87.75%), DM (81.71%) and CP (78.57%) were observed in BR 100 group and the worst were found in Corn 25 group. The nutrient digestibility was not significantly different in most nutrients. Through this experiment, BR appeared a good alternative energy source that can replace corn yellow to 100% in growing pigs. Therefore, the price relationship between corn and BR may provide an excellent opportunity for pork producers to use BR in order to reduce feed costs provided that diet has been balanced for digestible amino acids.

Use of Chinese Sunflower Meal as a Nonconventional Protein Feedstuff for Growing-Finishing Pigs

  • Li, Defa;Yi, G.F.;Qiao, S.Y.;Zheng, C.T.;Xu, X.X.;Piao, X.S.;Han, In K.;Thacker, P.
    • Asian-Australasian Journal of Animal Sciences
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    • 제13권5호
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    • pp.666-672
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    • 2000
  • Two experiments were conducted to determine the ileal digestibility of the amino acids contained in sunflower meal using the regression technique and then applying the values obtained, in a growth trial, using growing-finishing pigs. For the digestibility trial, four 20 kg crossbred ($Yorkshire{\times}Landrace{\times}Beijing$ Black) barrows were fitted with simple Tcannula in the terminal ileum. After recovery, the barrows were fed one of four experimental diets according to a $4{\times}4$ Latin Square design. The pigs were fed corn-soybean meal based diets supplemented with 0, 25, 50 or 75% sunflower meal. For the growth trial, 80 crossbred ($Yorkshire{\times}Landrace{\times}Beijing$ Black) growing pigs (21.5 kg) were fed corn-soybean meal diets supplemented with 0, 5, 10 or 15% sunflower meal. Five pens (2 gilts and 2 castrates) were assigned to each treatment. With the exception of arginine and valine, the digestibility coefficients for the indispensible amino acids declined as the level of sunflower meal in the diet increased. During both the growing (21.5-49.1 kg) and finishing (49.1-90.3 kg) periods and over the entire experiment (21.5-90.3 kg), average daily gain declined in a linear manner (p<0.05) with increasing amounts of sunflower meal. Feed intake was not significantly altered while feed conversion declined in a linear manner (p<0.05) during the grower period only. When the entire experimental period was taken into account, there would appear to be little penalty in either growth or feed conversion for including sunflower meal at levels up to 10% of the diet. Therefore, the price relationship between sunflower meal and other high-protein feedstuffs may provide an excellant opportunity for pork producers to use sunflower meal in order to reduce feed costs.

신규 일반 최상위 도메인의 도입과 통일신속정지제도(URS)에 대한 연구 (New gTLD Program: Uniform Rapid Suspension System and Trademark Clearinghouse)

  • 박유선
    • 한국중재학회지:중재연구
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    • 제21권2호
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    • pp.113-131
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    • 2011
  • Recently, the Internet Corporation for Assigned Names and Numbers (ICANN) announced the expansion of the number of generic top-level domains (gTLDs) beyond the current 22 gTLDs, and the gTLD Applicant Guidebook for ICANN's new gTLD program is now under consideration for approval. ICANN also introduces a "Trademark Clearinghouse" and the "Uniform Rapid Suspension (URS)" procedure to protect trademarks and expedite dispute resolution and save costs. The Trademark Clearinghouse is a central repository for information to be authenticated, stored and disseminated, pertaining to the rights of the trademark holders. Trademark holders would voluntarily provide data of their trademarks from all over the world, and it would assist a trademark watch service provided by the new gTLD registry for trademark holders and potential domain name registrants. The URS is a part of the new gTLD dispute resolution mechanisms created by ICANN to resolve cybersquatting disputes. A complainant in a URS proceeding must establish three elements that are very similar to the existing UDRP to succeed, but supposedly more expedited and cost efficient. Since the URS provides that it only protects court validated and registered trademarks, it is not clear whether unregistered marks used in commerce are protected under the URS. The URS escalates the complainant's burden of proof from a preponderance of evidence standard under the UDRP to a clear and convincing evidence standard. The notices to a respondent shall be sufficient if the URS Provider sends the notice of Complaint to the addresses listed in the Whois contact information. As registrants who wish to conceal their true identity often subscribe to the privacy/proxy service and the complainant's high rate of success in the UDRP proceeding is relevant to the respondents' default rate, the URS's simple notice requirement would deprive respondents of a fair opportunity to assert their rights over the disputed domain names.

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생태관광지역 자연자원 관리를 위한 수용력 기반 관리모델 개선방향 : Getz, LAC, VIM, VERP 관리모델을 중심으로 (Direction for Improving Management Model based on Carrying Capacity for Managing natural resources in ecotourism area : Focused on Getz, LAC, VIM and VERP)

  • 박홍철;오충현
    • 환경정책연구
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    • 제13권4호
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    • pp.107-133
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    • 2014
  • 생태관광은 이용과 보전 사이에서 다양한 문제점을 낳고 있다. 이를 극복하기 위해 대상지에 대한 수용력 파악과 적절한 탐방객 수 조절 등의 과학적인 관리기법의 도입이 필요한 상황이다. Getz, LAC, VIM, VERP 관리모델은 이와 같은 목적을 위해 개발되었으며, 국내에서도 도입 및 적용하기 위해 연구되었던 수용력 기반의 관리모델이다. 그러나 우리나라의 생태관광 특성 및 현황, 목적에 적합한 관리모델로의 수정 보완이 필요한 실정이다. 이에 따라 기존의 관리모델을 비교 검토하여 문제점을 파악하였으며, 크게 3가지 개선항목을 제시하였다. 첫째는 수용력과 관리목표의 상호의존적 연계 시스템 개선이며, 둘째는 관광기회분포모형의 개선이다. 셋째는 단계적 관리체계의 개선이다. 이를 통해 최소의 노력과 비용으로 생태관광지역의 탐방객 영향을 효과적으로 관리하는 데 도움을 줄 수 있을 것으로 기대된다.

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일반 소비자의 공모펀드 구매유인 제고 방안: 글로벌 주식유통시장에서 요인포트폴리오 활용 (Making Consumer to Buy Funds: Factor Portfolio in Global Stock Distribution Market)

  • 유원석
    • 유통과학연구
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    • 제17권9호
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    • pp.117-125
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    • 2019
  • Purpose - We investigate how to increase consumer incentives to buy public offering funds, resulting in activating the public offering fund market. In particular, this study aims to find ways to expand diversity and to improve efficiency of public offering fund. The public fund market of Korea has been stagnant in recent years. However, the public offering fund market plays a very significant role in terms of consumer welfare. Since only a few wealthy investors can participate in the private equity market, the stagnation in the public offering fund market usually reduces the opportunity of consumer's buying funds thus ultimately affecting their future wealth. Research design, data, and methodology - To attain our purpose, the 'factor-based portfolio strategy' has been considered. It is an alternative portfolio strategy, which composites the advantages of the passive management and active management. For our empirical anaylsis, we used global stock distribution market data over the period of 1991 and 2016. Then we constructed portfolios based on firm-size, firm-value, and momentum. Finally, a regression model was set, then hypotheses were tested, analyzing the performances. Results - First, among the 15 factor-based portfolios of global, Europe, Asia-Pacific(ex Japan), US and Japan, in eight portfolios, positive excess returns are observed at 5% significance level. Further, there is another portfolio with positive excess return at 10% significance level. Second, most of the portfolios with significant excess performance show positive relationship with the market portfolio. However, the firm-value based portfolio in Asia-Pacific region shows no relationship, and the firm-value based portfolio in US shows negative relationship. Third, we confirmed that the two firm-value factor portfolios in Asia-Pacific region and US, not having positive relationship with market portfolio, provide significant excess returns. Conclusions - In this paper, we provide empirical evidences supporting that the factor-based portfolios expand the diversity of funds and improve the efficiency of investment performance. However, there is no guarantee that the efficiency will continue in the future. In addition, various constraints and costs must be considered. Nevertheless, our novel findings in the advanced financial market such as US and Asia-Pacific are very interesting and offers important implications.