• Title/Summary/Keyword: structure theory

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Hospital's Financing Behaviors Based on Comparative Analysis of Trade-off Theory and Pecking Order Theory (상충관계이론과 자본조달순위이론에 기초한 병원 자본조달행태 분석)

  • Kim, Jai-Myung;Ham, U-Sang;Ahn, Young-Chang
    • Korea Journal of Hospital Management
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    • v.11 no.2
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    • pp.61-86
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    • 2006
  • Based on a previous literature about hospital capital structure(Shyam- Sunder & Myers, 1999), this study attempted comparison and analysis on whether the forecast of trade-off and pecking order theory could be validated in hospital's capital structure. First, this study analyzed whether hospitals follow the priority for each capital source as suggested by pecking order theory under lack of capital running in hospital. Next, it analyzed whether debt level is regressed on the average to target debt level so as to verify the validity of trade-off theory. Finally, it also analyzed possible associations between debt level and determinants of capital structure as adopted in static trade-off theory, so as to verify relative advantages of these two theories about hospital capital structure. The analysis over whole period showed that both trade-off theory and pecking order theory isn't supported particularly. This mean that each hospital's financing behaviors is different and that has not dominant financing behaviors. In the midst of separation of dispensary from medical practice, medical institutions in Korea first finances funds required using retained earnings and then use liabilities. however pecking order theory is supported, the preference of long-term liabilities and short-term liabilities is not clear. In addition, considering that debt level is in no average regression to target debt ratio, it is found that hospital capital structure following trade-off theory turns into that subject to pecking order theory via the separation of dispensary from medical practice.

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Dynamic Interaction of Waves with a Moored Structure (계류된 구조물에 작용하는 파도의 동적작용에 대하여)

  • Kim, Chang-Je
    • Journal of Ocean Engineering and Technology
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    • v.6 no.2
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    • pp.94-102
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    • 1992
  • This paper presents the method of numerical analysis concerned with the hydropdynamic forces and moments of the floating bodies exerted by waves. The analytic methods of hydrodynamic wave forces and moments for large volume structures are generally classified into four categories ; the strip method, the boundary element method, the finite element method, and the potential matching method. In the case of the comparatively large structures, diffraction theory can be applied. However, there are no application limits of diffraction theory which have been known concerning with the analytic method of the rectangular structures. In this paper, the two-dimensional B.E.M. is treated for a moored small rectangular structure in order to evaluate applicability of diffraction theory. Numerical calculation is carried out for the structure. The results are compared with some other ones for verification. The result shows that diffraction theory is applicable to structures smaller than 0.15 in the ratio of the representative structure length d to wave length L for rectangular ones.

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순서와 위상구조의 관계

  • 홍성사;홍영희
    • Journal for History of Mathematics
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    • v.10 no.1
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    • pp.19-32
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    • 1997
  • This paper deals with the relationship between the order structure and topological structure in the historical point of view. We first investigate how the order structure has developed along with the set theory and logic in the second half of the nineteenth century. After the general topology has emerged in the beginning of the twentieth century, two disciplines of the order theory and topology give each other a great deal of effect for their development via various dualities, compactifications by maximal filter spaces and Alexandroff's specialization order, which form eventually a fundamental setting for the development of the category theory or functor theory.

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A Study of Plastic Deformation Mechanisms in $Fe_3$Al Intermetallics Alloys by Inelastic Deformation Theory (비탄성 변형이론을 이용한 $Fe_3$Al 금속간화합물의 소성변형 기구 고찰)

  • 정호철
    • Proceedings of the Korean Society for Technology of Plasticity Conference
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    • 1999.03b
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    • pp.180-183
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    • 1999
  • It is well known that Fe3Al intermetallic compound shows an anomalous peak of the yield strength at about 50$0^{\circ}C$ and then decrease at higher temperatures The dislocation structure was examined by transmission electron microscopy and high temperatures. The dislocation structure was examined by transmission electron microscopy and high temperature mechanical properties were examined by tensile and load relaxation tests. The flow stress curves obtained from load relaxation tests were then analyzed in terms of internal variable deformation theory. it was found that the flow curves consisted of three micro-deformation mechanisms -i. e inelastic deformation mode plastic deformation mode and dislocation creep deformation mode depending on both dislocation structure and deformation temperature. The flow curves could be well described by the constitutive equations of these three micro-deformation mechanisms based on the internal variable deformation theory.

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Forced vibration response in nanocomposite cylindrical shells - Based on strain gradient beam theory

  • Shokravi, Maryam
    • Steel and Composite Structures
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    • v.28 no.3
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    • pp.381-388
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    • 2018
  • In this paper, forced vibration of micro cylindrical shell reinforced by functionally graded carbon nanotubes (FG-CNTs) is presented. The structure is subjected to transverse harmonic load and modeled by beam model. The size effects are considered based on strain gradient theory containing three small scale parameters. The mixture rule is used for obtaining the effective material properties of the structure. Based on sinusoidal shear deformation theory of beam, energy method and Hamilton's principle, the motion equations are derived. Applying differential quadrature method (DQM) and Newmark method, the frequency curves of the structure are plotted. The effect of different parameters including, CNTs volume percent and distribution type, boundary conditions, size effect and length to thickness ratio on the frequency curves of the structure is studied. Numerical results indicate that the dynamic deflection of the FGX-CNT-reinforced cylindrical is lower with respect to other type of CNT distribution.

The Impact of Board Structure and Board Committee Attributes on Firm's Cash Holdings: An Empirical Study from Pakistan

  • IDREES, Muhammad;BANGASH, Romana;KHAN, Hanana
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.135-147
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    • 2022
  • This study was conducted to determine whether there is a significant relationship between board structure and board committee qualities and corporate cash holdings in Pakistan. For this objective, 168 listed enterprises on the PSX for the period 2016 to 2020 were chosen as a sample from a population of 436 non-financial firms. Multiple regression analysis was used in the study to discover a relationship between board structure and board committee features and cash holdings. The study's findings revealed that board size, executive directors, and board independence have no significant impact on the firm's cash holding because they play no important part in the firm's cash holding. Auditors, audit committee size, audit committee meetings, and the compensation committee, on the other hand, have no major impact on the firm's cash holdings because they are not relevant indicators to compare with cash holdings. While board meeting frequency and leadership structure both have a negative influence on cash holding, board meeting frequency increases firm costs, whereas leadership structure causes agency problems. Results were supported by the pecking order theory, cash flow theory, and agency theory.

The Design of Variable Structure Controller for the Systems Having the First Order Dynamic (일차 Dynamic을 갖는 계통에 대한 가변구조 제어기의 설계)

  • 박귀태;최종경;김동식
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.41 no.4
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    • pp.392-399
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    • 1992
  • This paper will describe the application of variable structure control theory to the first order dynamic system and verify its robustness. The study on the first order dynamic system control which has been essential part for the control of servo motor (AC,DC) systems has been excluded in the study of variable structure control system(VSCS) because this first order system was not applicable to the previous variable structure control theory. So, for the robustness control of first order dynamic system with variable structure control theory, we propose modified switching function synthesis which guarantees the advantages of conventional VSCS and removes reaching phase which is regarded as shortcomings in VSCS. And we demonstrate the practical potential of implementation about this theory by simulation results of AC motor variable speed control.

The design of variable structure controller for the systems having the first order dynamic (일차 dynamic을 갖는 계통에 대한 가변구조 제어기의 설계)

  • 박귀태;최중경;강윤관
    • 제어로봇시스템학회:학술대회논문집
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    • 1991.10a
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    • pp.179-184
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    • 1991
  • This paper will describe the application for variable structure control theory to the first order dynamic system and verify it's robustness. The study on the first order dynamic system control which has been essential part for the control of servo motor (AC, DC) systems has been excluded in the study of variable structure control system(VSCS) because this first order system was not applicable to the previous variable structure control theory. So, for the robustness control of first order dynamic system with variable structure control theory, we propose modified switching function synthesis which guarantees the advantages of conventional VSCS and removes reaching phase which regards as shortcomings in VSCS. And we demonstrate the practical potential of implementation about this theory by simulation results of AC motor variable speed control.

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A Study on the Effect of Agency Problems in the Determination of Capital Structure (대리문제가 자본구조에 미치는 효과에 관한 연구)

  • 김형준;황동섭
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.36
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    • pp.365-370
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    • 1995
  • In recent years, there have been attempts to explain firms' capital structure based upon the agency theory which considers agency problems arising due to ownership structure. Agency theory starts from the coctractual relationship (explicit or implicit) between principals and agents. Since uncertainty exists in real world and information is distributed asymmetrically, there are conflicts between principals and agents. The objectives of this study are to analyze, based upon agency theory, factors which are expected to affect firms' capital structure and to test empirically the relevance of agency cost hypothesis about the determination of capital structure, For these purposes, this paper carried out multiple regression in order to examine whether the factors of agency costs affect significantly the determination of capital structure. The results of empirical analysis are summarrized as follows; First, insider-equity ration has been negatively correlated with capital structure. Second, growth opportunity variabless has been insignificant coefficients with capital structure.

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