• Title/Summary/Keyword: profit planning

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Managerial Aspects of Institutional Household: Comparisons with Family, Public, & For-Profit Organizations (공공가정의 관리적 특성에 관한 연구: 가정, 공공조직, 영리적 부양경영체와의 비교)

  • 김난도
    • Journal of Family Resource Management and Policy Review
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    • v.3 no.2
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    • pp.77-89
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    • 1999
  • This study examines managerial aspects of the institutional household(IH) whose importances become crucial in modern society. To analyze idiosyncratic managerial characteristics of the IH, the study delves into three aspects of IH in comparison with other organizations such as family, public organizations, for-profit organizations. The comparison is done in the reference of $\circled1$ conceptual elements, $\circled2$ general managerial settings, and $\circled3$ practical managerial processes including planning, organizational, personnel and human resources development, and finacial management. The analysis shows us that the IH possesses both common and unique characteristics and needs to develop its generic managerial theories.

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A Study on the Cost-Volume-Profit Analysis Adjusted for Learning Curve (C.V.P. 분석에 있어서 학습곡선의 적용에 관한 연구)

  • 연경화
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.5 no.6
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    • pp.69-78
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    • 1982
  • Traditional CVP (Cost-Volume-Profit) analysis employs linear cost and revenue functions within some specified time period and range of operations. Therefore CVP analysis is assumption of constant labor productivity. The use of linear cost functions implicity assumes, among other things, that firm's labor force is either a homogenous group or a collection homogenous subgroups in a constant mix, and that total production changes in a linear fashion through appropriate increase or decrease of seemingly interchangeable labor unit. But productivity rates in many firms are known to change with additional manufacturing experience in employee skill. Learning curve is intended to subsume the effects of all these resources of productivity. This learning phenomenon is quantifiable in the form of a learning curve, or manufacturing progress function. The purpose d this study is to show how alternative assumptions regarding a firm's labor force may be utilize by integrating conventional CVP analysis with learning curve theory, Explicit consideration of the effect of learning should substantially enrich CVP analysis and improve its use as a tool for planning and control of industry.

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A Study of Genco's Profit Optimization under Vesting Contract (베스팅 계약 하에서의 발전회사의 수익 최적화에 대한 연구)

  • Lee, Jin-Ho;Jung, Ju-Hwan;Seo, Jang-Cheol;Choe, Jong-Woong;Kim, Jae-Chul
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.587-589
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    • 2003
  • 국내 전력 산업은 과거 수직통합적 독점구조에서 부문별 기능분할 및 경쟁도입을 점진적으로 추진하고 있으며 먼저 발전회사간 경쟁을 도입하기 위하여 한국전력의 발전부문을 6개의 발전회사로 분할 하였다. 2004년부터는 본격적으로 양방향 도매전력시장을 도입하여 운영할 계획에 있다. 도매전력시장의 도입으로 발생할 수 있는 가장 큰 시장 위험요소로는 시장가격의 수준 및 변동성에 대한 불확실성을 들 수 있다. 이는 시장참여자 모두에게 위험요소가 될 수 있으며 이를 위하여 정부주도하에 경쟁시장 이행기 동안의 과도기적 위험관리 도구를 제공하게 되며 발전회사와 판매회사 사이의 강제적 계약인 베스팅 계약이 포함될 것으로 예상된다. 여러가지의 베스팅 계약 중에서 Two-way 베스팅 계약은 발전회사와 판매회사와의 계약량, 계약가격을 정부 또는 관련기관에서 지정하는 것으로 이러한 Two-way 베스팅 계약은 도매전력시장의 초기에 발전회사의 손실을 최소화하는 역할을 할 것으로 예상되지만 반대로 수익을 제한하는 요소로도 작용할 수 있다. 따라서 본 연구에서는 베스팅 계약 중에서 Two-way 베스팅 계약에 대한 분석을 수행하고 이를 토대로 하여 베스팅 계약 하에서 발전회사의 수익을 최적화 할 수 있는 전략에 대한 연구를 수행하였다.

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A Study on The Factors Affecting the Managerial Performance of Hospitals (병원경영의 수익성 결정요인에 관한 연구)

  • Chung Bhum-Suk
    • Management & Information Systems Review
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    • v.17
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    • pp.107-133
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    • 2005
  • The purpose of this study was to analyze a trend of profitability classified by characteristics of hospitals and to analyze related factors. The data for this study were derived from survey material conducted by the Korean Hospital Association on 33 hospitals in Korea between 1993 and 2002. Profitability was measured in the aspect of investment profit rate and operation profit rate with net profit to total assets, normal profit to total assets and operating margin to gross revenue as dependent variables. Independent variables were classified by general factors (ownership, number of beds, period of establishment, region), financial factors (total asset turnover, liabilities to total assets, current ratio, fixed ratio, inventories turnover, personnel costs per operation profit, material costs per operation profits), composition of manpower and facilities(personnel and area per beds), productivity index(the number of daily patients per medical doctor, the number of daily patients per nurse), the score of quality assurance activities. First, Concerning the specialists per beds or area per beds and profitability of hospitals there was not statistically significant. Second, Those hospitals having the most daily patients per nurse had significantly higher profitability than the others, but the number of daily patients per medical doctor had little effect on the profitability. Thirds, Those hospitals having a higher proportion total asset turnover tended to show significantly higher profitability compared to other hospitals, but the liabilities to total assets and liquidity ratio had a little difference to the profitability. Those hospitals having a higher proportion personnel costs per operation profit and material costs per operation profits tended to show significantly lower hospital profitability compared to other hospitals. Fourth, In regression analysis, hospital profitability had negative relationship with personnel costs per operation profit or material costs per operation profits. While it had positive relationship with total asset turnover, the number of daily patients per nurse. In conclusion, private hospitals had higher profitability than that of public hospitals. Though factors related to profitability of hospital were different according to ownership, it is important for securing appropriate profitability by operating appropriate number of nurse, raising total asset turnover, and reducing personnel costs, material costs per operation profits. This study can be used as a baseline data for planning of hospital management. But the study may be limited in that the results cannot be generalized due to its small sample size. However, this longitudinal observation of 33 hospitals over ten year period has significant merit alone.

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Conversion Profit and Optimal Capacity of Cloud Computer for Integrating Legacy Campus Web Servers (캠퍼스내 레거시 웹서버 통합 운영을 위한 클라우드 컴퓨팅의 최적용량 및 전환이익 분석)

  • Lee, Goo Yeon;Choi, Chang Yeol;Choi, Hwang Kyu;Jang, Min;Yoon, Jae Ku
    • Journal of Digital Contents Society
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    • v.15 no.2
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    • pp.289-300
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    • 2014
  • Cloud computing helps users to save a significant amount of cost that is related to infrastructure investment, management, and maintenance. In this paper, we study the conversion planning from campus legacy web servers into an integrated cloud computing web server system. We also analyze the conversion profit when campus web servers are integrated into a cloud computer. We first investigate the cost of legacy system model of campus web servers operated by individual laboratories, departments, institutes and so on. Next, we set up a cloud computer model for the integrated web services meeting the same performance requirements. Then, we derive the conversion profit. From the result of the derivation, we see that the conversion can be effectively applied to and adopted by mid or large sized campuses and similar institutions that provide web services.

Characteristics and case study of Low Carbon Green City planning from the perspective of Urban Metabolism (도시 신진대사 관점에서 본 저탄소 녹색도시 계획특성 및 사례 분석)

  • Choi, Joung-Eun;Kim, Jong-Kon;Oh, Deog-Seong
    • KIEAE Journal
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    • v.11 no.5
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    • pp.3-12
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    • 2011
  • Industrialization and development of technology satisfied various humanly needs and lay the basis of numerous benefit and profit. New technologies like these mostly required large amounts of fossil Fuel, Fossil energy depletion rate was increasing rapidly. However, technical development for Human race required absolute sacrifice of the environment. Especially, 'City' which had been focused as stage of human activities, allowed to continue to have fossil energy dependent activities, and it shows in many data that the city is responsible for the 75-80% of the green house gas by human. In order to solve the problem relating climate changes and energy, European countries already made progress studies on many of the low carbon green city and pilot case construction. Especially, Germany, Austria, Holland, Sweden who had been playing leader role on environmental awareness and ecological concept, are actively constructing low carbon green city project based on Ecological city planning scheme. These projects positively utilize planning scheme that limits carbon emission using Urban Metabolism concept. Therefore, throughout this study, I would like to present planning and direction of future domestic low carbon green city by analyzing theories relative theories and best practices in Europe.

A Study on Characteristics of Virtual Space Game for Community Making - Based on the Content Analysis of Case Study and Related Legal System for Urban Design - (마을만들기 관련 가상공간 게임의 특성에 관한 연구 - 도시디자인요소의 사례 분석 및 관련 법.제도 검토를 중심으로 -)

  • Hue, Youn-Sun
    • Korean Institute of Interior Design Journal
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    • v.23 no.3
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    • pp.231-238
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    • 2014
  • Recently, many people can experience the virtual space by smartphone, and they use many games. In particular, this change has great implications in the collaborative and communicative planning paradigm, which is residents' participation and agreement becoming important in community making and urban design. This study analyze the case of the five virtual space games about community making and urban design, and examine the related regal system. Game users can construct roads, houses, buildings and facilities in the virtual city. Then, they create profit, and promote the growth of virtual city. In these games, construction elements are classified residential, commercial, industrial, parks, green spaces, public building, and roads. But these elements does not identified clearly, and they mixed. By analyzing of related regal system, these games focus on the individual buildings, spaces, and facilities rather than considering the terms of urban planning. To complement the virtual space game with the aspects of urban planning, these games can encourage the participation capability and enhance the communication skills of citizens.

Classification Index for Landscape Type - focused on Natural and Rural landscape mapping - (경관유형 분류지표에 관한 연구 - 자연 및 농촌경관 유형도 작성을 중심으로 -)

  • Im, Seung-Bin;Seo, Jung-Hee;Piao, Xiang-Chun;Jeong, Yoon-Hee
    • Journal of Korean Society of Rural Planning
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    • v.13 no.1 s.34
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    • pp.41-50
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    • 2007
  • Recently, it is demanded to study about landscape. Landscape is an environment factor for improving life, a social resource for establishing image and identity of the area and also a tourist resource for earning profit. With this importance, landscape planning is being performed by local governments. However, classification for a rule about landscape planning is not prepared yet. For this purpose, classification of landscape is definitely required. Therefore, this article focuses on presenting method of classification Natural and Rural Landscape. We used Arcview 3.2 to draw watershed of the site, and calculated the percent of landform. We also took a picture which explain the landscape and made a survey of classifying the landscape. Due to this study, we were able to frame an algorithm of the landscape classification. This will contribute to classify the landscape type. This study needs more specific researches because it was supposed to target the entire Gyeonggi-Do however it only covered several regions. Through this results, it would be expected to develop the map of landscape character.

Multi-family Residential Construction Management Practice in the U.S.

  • Cho, Namho
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.1254-1254
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    • 2022
  • The Multi-family Residential is one of the most famous building types for a rental property in the US. Often times it includes multiple residential buildings and some amenity facilities, including a clubhouse or leasing office, swimming pool, dog park, and garages. Since the building type is built for rental purposes, the construction planning is phased and it makes the project complicated. Detailed planning and execution are important for successful construction management. This paper provides some management practices that are applied to one of the multi-family residential construction projects in Phoenix, AZ. The Front End Planning (FEP) process performed by both owner and contractor is the first key to a successful construction project. Specifically, the early review of phased turnover strategy, grading, fire/Americans with Disabilities Act (ADA) compliance, and Mechanical/ Electricity/Plumbing/Technology (MEPT) will provide absolute benefit to the project. Second, using a scheduling method to control short-term schedules and long-term can provide the ability to manage the issues with agility. Third, material delivery and procurement dominate the both project schedule and cost. With this COVID-19 circumstance, it is hard to expect the material, equipment, and labor forces to be delivered on time with the contracted price. Managing floats are more than important to managing construction productivity. Risk management should work to share the risks fairly. Lastly, turnover is directly linked with the profit of the project for both owner and contractor. The communication between the owner and contractor to re-schedule the proper turnover schedule is important for the phased construction project.

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A New Metric for Evaluation of Forecasting Methods : Weighted Absolute and Cumulative Forecast Error (수요 예측 평가를 위한 가중절대누적오차지표의 개발)

  • Choi, Dea-Il;Ok, Chang-Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.3
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    • pp.159-168
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    • 2015
  • Aggregate Production Planning determines levels of production, human resources, inventory to maximize company's profits and fulfill customer's demands based on demand forecasts. Since performance of aggregate production planning heavily depends on accuracy of given forecasting demands, choosing an accurate forecasting method should be antecedent for achieving a good aggregate production planning. Generally, typical forecasting error metrics such as MSE (Mean Squared Error), MAD (Mean Absolute Deviation), MAPE (Mean Absolute Percentage Error), and CFE (Cumulated Forecast Error) are utilized to choose a proper forecasting method for an aggregate production planning. However, these metrics are designed only to measure a difference between real and forecast demands and they are not able to consider any results such as increasing cost or decreasing profit caused by forecasting error. Consequently, the traditional metrics fail to give enough explanation to select a good forecasting method in aggregate production planning. To overcome this limitation of typical metrics for forecasting method this study suggests a new metric, WACFE (Weighted Absolute and Cumulative Forecast Error), to evaluate forecasting methods. Basically, the WACFE is designed to consider not only forecasting errors but also costs which the errors might cause in for Aggregate Production Planning. The WACFE is a product sum of cumulative forecasting error and weight factors for backorder and inventory costs. We demonstrate the effectiveness of the proposed metric by conducting intensive experiments with demand data sets from M3-competition. Finally, we showed that the WACFE provides a higher correlation with the total cost than other metrics and, consequently, is a better performance in selection of forecasting methods for aggregate production planning.