• Title/Summary/Keyword: the cost of capital

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Mutation of Flows of FDI and Labour within East Asia (동아시아 자본 및 노동이동의 구조적 변화)

  • Moon, Nam-Cheol
    • Journal of the Korean association of regional geographers
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    • v.12 no.2
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    • pp.215-228
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    • 2006
  • Because of the technological innovation of information-communication, the liberalization of world trade and the intensification of regionalisation, the world economic space is in progress of globalization that is not only a product but also a capital, technology and labour move freely over the countries. In the globalized economic space, the multinational finns accelerate a globalization of capital and labour by exporting the capital to the peripherals countries for the low cost of production and importing the low wage labour from the peripherals countries. East Asia which appeared one of the world triad economic axis with a rapid regional economic growth after 1980's intensifies the regionalisation of capital and labour. As the increase of gap in cost of production and income level among the countries, not only the direction of flows of capital and labour but also the traits of migrant labour also changes remarkably.

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Equipment replacement cost analysis within the construction industry

  • Oh, Hyun-Seung
    • Korean Management Science Review
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    • v.8 no.1
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    • pp.41-50
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    • 1991
  • Within the current construction industry, constractor equipment management practices lack structure and often are not addressed through an economic analysis and evaluation process. This paper explores two areas...cost of capital and inflation...with the intention of providing insight for a more structured and economic based approach to contractor equipment replacement practices rather than by the traditional "rule of thumb".umb".uot;.

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Board Characteristics and Capital Structure: Evidence from Thai Listed Companies

  • THAKOLWIROJ, Chalisa;SITHIPOLVANICHGUL, Juthamon
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.861-872
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    • 2021
  • This study examines the relationship between board characteristics and capital structure. Data was collected from the annual reports of listed companies in the Stock Exchange of Thailand, from 2015 to 2017, which totaled 1,264 firm-year observations. The study uses multiple regression analysis to analyses the data by using independent variables, including board size, outside directors, managerial ownership, CEO duality, frequency of board meetings, board experience, and gender to measure board characteristics and the total debt ratio for capital structure. Research findings show that the more independent the directors are, the lower the cost of debt financing is, as they control the management team more strictly about debt financing than directors with less independence do. Additionally, the results reveal that the higher the percentage of managerial ownership, the higher the level of leverage and debt financing, whereas board size and board meetings have a negative relationship to capital structure. Further research showed that firm size, growth opportunities and corporate governance rating all had a positive significant impact on capital structure. The findings of this study suggest that the presence of proper corporate governance leads to better funding mechanisms as it ensures that the company is in a better position to obtain external funding.

Cost Evaluation for the Decision of Advanced Treatment Processes (최적 고도정수처리공정 선정을 위한 경제성 평가)

  • Lee, Kyung-Hyuk;Shin, Heung-Sup;An, Hyo-Won;Chae, Sun-Ha;Lim, Jae-Lim
    • Journal of Korean Society of Water and Wastewater
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    • v.22 no.5
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    • pp.511-516
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    • 2008
  • Since 1989, Advanced drinking water treatment processes began to build in Korea, especially the water treatment plants around the Nak-dong river stream due to sequential pollutant accidents. Moreover, Advanced drinking water treatment processes, ozone and GAC, are again to be built in water treatment plants around Han-river stream to control taste and odor, micro pollutants. However, there are still a lot of discussion to decide the processes to apply for advanced treatment. Thus there are still need to understand clearly on the cost evaluation of each advanced treatment processes. The cost evaluation was accomplished based on the data of six water treatment plants which are currently being either operating or constructing. Exceptionally, PAC(Powdered Activated Carbon) process was evaluated with cost estimation from construction company. The capital cost per unit volume of ozone process was significantly decreased as the treatment capacity increased. The capital cost was in the order of GAC, ozone and GAC. The operation cost decreased in the order of PAC, GAC and ozone. The total cost considering present value shows that ozone process covers 84% of ozone and GAC process for $30,000m^3/d$ capacity while it covers less than 35% for over 140 thousands $m^3/d$ capacity. Comparing GAC only, and ozone/GAC process, ozone/GAC process is more cost effective for high capacity water treatment plant.

Characteristics of the Water Pressure Drop Considering Heat Transfer in the Evaporator and Condenser of a Water Chiller (냉수공장에서 열전달을 고려한 응축기와 증발기의 물 압력강하 특성)

  • Nguyen, Minh Phu;Lee, Geun-Sik
    • Transactions of the Korean Society of Mechanical Engineers B
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    • v.35 no.12
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    • pp.1293-1300
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    • 2011
  • The configurations of the evaporator and condenser of a water chiller can be determined from the trade-off between the heat transfer area, which is related to the capital cost and the pressure drop, which is associated with the operational cost. In this study, the design of the water chiller focused on minimizing the water pressure drop of both condenser and evaporator for given cooling capacity and requirements. Commercial enhanced tubes were employed to simulate real-life conditions. The results of the present analysis were compared with those obtained by HTRI software for verifying them. The results indicated that a reduction in the water pressure drop, which is associated with the short length of a tube, can be effected by decreasing the number of tube passes and increasing the number of tubes and the tube diameter. However, using a large number of tubes with smaller diameters can reduce the capital cost because the tubes are short. The reduction of the capital cost is due to the fact that a small-diameter tube has low internal thermal resistance and hence contributes to a decrease in the overall thermal resistance per unit length.

Factors Influencing Corporate Financial Performance: Empirical Evidence from the Textile and Garment Industry in Vietnam

  • DIU, Tran Thi Phuong
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.1
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    • pp.49-55
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    • 2023
  • Business is an important entity in every economy with its role in job creation, budget contribution, and national output. It can be said that enterprises are also one of the leading units that play a key role in implementing digital transformation, grasping science and technology, and improving labor productivity. Developing a team of enterprises that are both strong in quantity and strong in quality is an urgent requirement in many countries, including Vietnam. Vietnam is a developing country and home to many textile and garment enterprises operating due to the advantages of cheap labor and a large market, the textile and garment industry is capable of creating many jobs for the economy. Studying the factors affecting corporate financial performance across 250 textile and garment enterprises in Hanoi capital and Bac Ninh province, the research results show that when enterprises have the ability to mobilize capital, the cost is cheap, appropriate, and optimal, most businesses often achieve higher business efficiency and financial performance. In contrast, enterprises that are difficult to raise capital in the economy often achieve low financial efficiency and financial performance. The study also confirms the role of human capital in enterprises, enterprises with high human capital often achieve high profits.

Study on Procurement Capital Efficiency Using Worst Practice DEA Model (Worst Practice DEA모형을 이용한 조달자본의 효율성 측정연구)

  • Kang, Myoung-seok;Sin, Jeong-hun
    • Journal of Venture Innovation
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    • v.1 no.2
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    • pp.35-46
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    • 2018
  • The research on the efficiency analysis of domestic auto parts companies is mostly based on the calculation of the magnitude of the performance creation such as the sales amount compared to the input assets. However, the performance indicators such as sales, operating profit, and net profit are directly related to the cost structure and This cost structure is affected by changes in the firm's asset and capital structure. As a result, it is considered that efficient capital procurement needs to be done at the same time to create efficient management performance through proper investment. This study focuses on this point and attempts to measure the efficiency of procurement capital relative to the sales and other performance indicators generated by the first 33 suppliers who supply parts to Hyundai Kia Motors. Among the methods of evaluating efficiency, the DEA model based on the linear programming method is most widely used as a nonparametric method but The efficient frontier-based DEA model has the limitation that it can not use the variables that have a downward influence on the efficiency. This is inadequate to directly consider variables such as borrowings and total liabilities related to capital procurement. In this study, the efficiency of capital procurement was measured using Worst Practice DEA and the improvement direction of the capital procurement aspect of domestic auto parts companies was suggested

Distributed artificial capital market based planning in 3D multi-robot transportation

  • Akbarimajd, Adel;Simzan, Ghader
    • Advances in robotics research
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    • v.1 no.2
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    • pp.171-183
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    • 2014
  • Distributed planning and decision making can be beneficial from the robustness, adaptability and fault tolerance in multi-robot systems. Distributed mechanisms have not been employed in three dimensional transportation systems namely aerial and underwater environments. This paper presents a distributed cooperation mechanism on multi robot transportation problem in three dimensional environments. The cooperation mechanism is based on artificial capital market, a newly introduced market based negotiation protocol. In the proposed mechanism contributing in transportation task is defined as asset. Each robot is considered as an investor who decides if he is going to invest on some assets. The decision is made based on environmental constraint including fuel limitation and distances those are modeled as capital and cost. Simulations show effectiveness of the algorithm in terms of robustness, speed and adaptability.

The Cost Saving Method on Each Building Phase by Analyzing the Cost Structure (비용구조분석에 의한 건축단계별 공사비용 절감방법)

  • Park, Keun-Joon
    • Journal of the Korea Institute of Building Construction
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    • v.5 no.1 s.15
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    • pp.97-103
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    • 2005
  • Building costs means capital costs which include cost of land, costs of acquiring and preparing the site, construction costs, professional fees, furnishings, cost of financing the project. and cost of management required to run and maintenance the building for use. There are several phases that determine the building costs : design phase, construction phase, and operation & maintenance phase. So, the cost of work could be set against the examining the full range of complexities that a building program might contain. To solve this problem, it needs to compute building cost systematically. This is still in the development stage, awaiting the organization of rational cost data base. The method of cost saving by cost control could be constituted by detailed knowledge of building costs for all possible combinations of components and subsystems that can be assembled into integration model of cost factor on each phase of project development. The model of cost saving in each building phase is available for procedures of cost control of building systems.