• Title/Summary/Keyword: yield management strategies

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Family Restaurant Customers' Attitude toward Yield Management Strategies (패밀리 레스토랑의 Yield Management 전략에 대한 고객의 태도)

  • Park, Hee-Kyung;Sohn, De-Hyun
    • Journal of the Korean Society of Food Culture
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    • v.20 no.2
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    • pp.243-252
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    • 2005
  • This study identified how family restaurant customers' attitude toward yield management strategies, which include reservation, time, menu, and service factors. Generally, yield management explains how price and dining duration maximize the revenue of family restaurants. There are three ways to improve family restaurant yield; improving table turns, upgrading seat occupancy, increasing price per customer. The 45 items of yield management strategies are developed by literature reviews, web sites analysis, and interviews with family restaurant employers. Factor analysis and reliability analysis from present study found out 11 important factors, which represent the study's dependent variables. Regression analysis may be helpful to test whether demographic and socio-economic factors have relationships with family restaurant customers' attitude toward yield management strategies. As a regression result, gender, family size, age in demographic factors and education and occupation in socio-economic factors have relationships with family restaurant customers' attitude toward yield management strategies significantly.

Analyzing the Effect of Management Strategies on Gum Talha Yield from Acacia Seyal, South Kordofan, Sudan

  • Mohammed, M.H.;Roehle, H.
    • Journal of Forest and Environmental Science
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    • v.27 no.3
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    • pp.135-141
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    • 2011
  • The present study was carried out from September 2007 to February 2008 in Umfakarin natural forest reserve, South Kordofan, Sudan. The objective was to analyze the effect of different management strategies on yield of gum talha from Acacia seyal. A total of 493 single target trees were selected, based on their diameters, and assigned to tapping treatments in three different stand densities (making a total of nine treatments per stand density). The treatments are as follows: tapping date with three levels (first of October, 15 October and first of November) and two levels of local tapping tools (sonki, and makmak). Untapped trees were used as control. The first picking of gum was started fifteen days after tapping while the subsequent pickings were done in intervals of fifteen days. Yield per tree throughout the season was obtained by summing up the gum yield from all pickings. Yield throughout the season (from first to the last picking) were analyzed. General linear model (GLM) was used to test the effect of different tapping treatments on the yield of gum talha. Post hoc test after analysis of variance (ANOVA) based on Scheffe test was performed to examine the differences in gum yield as a result of different management strategies. The results showed that tapping has a significant influence on gum yield. Analysis of pick-to-pick yield indicated that only three treatments in dense stand density showed a decreasing pattern while the rest of treatments either have constant or unclear patterns. The results of the present study were based on a single season data and that may underscore the real effect of Acacia seyal stands' management strategies on gum talha yield. Conducting gum yield experiments in permanent trial plots are highly recommended in order to analyze gum yield of seasonal time series.

Climate Change and Groundwater Sustainability in Korea for Next Decade (기후변화와 국내 지하수자원의 지속가능성 - 다음 10년을 위해서)

  • Woo, Nam C.
    • Journal of Soil and Groundwater Environment
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    • v.18 no.1
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    • pp.1-5
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    • 2013
  • Global climate changes affect the local hydrologic cycle, and subsequently, require changes in water resource management strategies of Korea. Variations in precipitation and urbanization have adverse effects on the reasonable and efficient utilization of groundwater resources. Groundwater management strategies of Korea have been implemented based on the evaluation of "sustainable yield", which is calculated from the amount of annual recharge. However, this sustainable yield has no consideration of natural discharge and dynamic equilibrium of the groundwater system. Therefore, for the effective groundwater management strategies of the following decades, we need representative and reliable observations, and have to develop methods for the systematic analysis and interpretations of the data to draw valid information in linkage of natural and societal environmental changes.

An Analysis on the Yield Curves for Active Bond Managements (적극적 채권운용전략을 위한 수익률곡선 분석)

  • Jeong, Hee-Joon
    • The Korean Journal of Financial Management
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    • v.25 no.2
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    • pp.1-31
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    • 2008
  • Before the financial crisis in 1997, Korean bond markets had been those of corporate bonds with relatively high market yield. During the period, most of major institutional investors tend to utilize passive strategies such as buying and holding. After the crisis, however, they could not help choosing active bond management strategies because of lowed yield level and intensified competition among the financial institutions. This study is forced on the yield curve, which is the reflection of all information on the bond investment environments. The study also make analysis on the major economic and securities market factors and its structural relationship with the shape of the curve such as level, curvature and slope. For these purposes, an empirical model based on the Nelson-Siegel Model is estimated with the data during $1999{\sim}2006$. Out-of-sample forecasting is also made to test the usefulness of the estimated model. In addition, the dependent variables which are the estimates of level and slope are estimated on the macro variables and securities market variables. VAR and SUR models are used for the estimation. Estimation results show that level and slope of the yield curve are influenced by the target call rate change, exchange rate change rate, inflation rate. These results provide practical implications for the active managements in the overall treasury bond markets.

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Cache Algorithm in Reverse Connection Setup Protocol(CRCP) for effective Location Management in PCS Network (PCS 네트워크 상에서 효율적인 위치관리를 위한 역방향 호설정 캐쉬 알고리즘(CRCP)에 관한 연구)

  • Ahn, Yun-Shok;An, Seok;Bae, Yun-Jeong;Jo, Jea-Jun;Kim, Jae-Ha;Kim, Byung-Gi
    • Proceedings of the KIEE Conference
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    • 1998.11b
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    • pp.630-632
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    • 1998
  • The basic user location strategies proposed in current PCS(Personal Communication Services) Network are two-level Database strategies. These Databases which exist in the Signalling network always maintain user's current location information, and it is used in call setup process to a mobile user. As the number of PCS users are increasing, this strategies yield some problem such as concentrating signalling traffic on the Database, increasing Call setup Delay, and so on. In this paper, we proposed RCP(Reverse Connection setup Protocol) model, which apply RVC(Reverse Virtual Call setup) algorithm to PCS reference model, and CRCP(Cache algorithm in RCP) model, which adopt Caching strategies in the RCP model. When Cache-miss occur, we found that CRCP model require less miss-penalty than PCS model. Also we show that proposed models are always likely to yield better performance in terms of reduced Location Tracking Delay time.

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Analysis of Farm Management Stabilization Effects Using Weather Derivatives for Apple Farmers in Kyeongpuk District (날씨파생상품을 이용한 경북지역 사과농가 경영안정 효과 분석)

  • Yun, Sung-Wuk;Choi, Jang-Hoon;Chung, Won-Ho
    • Korean Journal of Organic Agriculture
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    • v.28 no.4
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    • pp.459-475
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    • 2020
  • This study analyzes weather derivatives as an alternative risk management tool to stabilize farm revenue to complement the existing crop insurance program which suffers from asymmetric information problems such as adverse selection, moral hazard, and verifiability. We estimated apple yield functions to observe the relationship between yields and weather indices such as temperature and precipitation. Based on the estimated yield functions we designed weather futures and options products underlying temperature and precipitation, and calculated the prices of futures and options by two different approaches, historical distribution and Monte Carlo simulation. We found that weather futures and options stabilize farm revenue based on the estimated four risk indicators: Coefficient of Variation, Value at Risk, Certainty Equivalence, and Risk Premium. As a result, weather derivatives could be considered as a potential farm risk management tool through studying more in legal and institutional strategies and developing various derivatives products.

A Growth and Yield Model for Predicting Both Forest Stumpage and Mill Side Manufactured Product Yields and Economics

  • Schultz Emily B.;Matney Thomas G.
    • Proceedings of the Korea Technical Association of the Pulp and Paper Industry Conference
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    • 2006.06b
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    • pp.305-309
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    • 2006
  • This paper presents and illustrates the application of a growth and yield model that supports both forest and mill side volume and value estimates. Traditional forest stand growth and yield models represent the forest landowner view of yield and economics. Predicted yields are estimates of what one would expect from a procurement cruise, and current stumpage prices are applied to investigate optimum management strategies. Optimum management regimes and rotation ages obtained from the forest side view are unlikely to be economically optimal when viewed from the mill side. The actual distribution of recoverable manufactured product and its value are highly dependent on mill technologies and configurations. Overcoming this limitation of growth and yield computer models necessitates the ability to predict and price the expected manufactured distribution of lumber, lineal meters of veneer, and tonnes of air dried pulp fiber yield. With these embedded models, users of the yield simulator can evaluate the economics of possible/feasible management regimes from both the forest and mill business sides. The simulator is a forest side model that has been modified to produce estimates of manufactured product yields by embedding models for 1) pulpwood chip size class distribution and pulp yield for any kappa number (Schultz and Matney, 2002), 2) a lumber yield and pricing model based on the Best Opening Face model developed by the USDA Forest Service Forest Products Laboratory (Lewis, 1985a and Lewis, 1985b), and 3) a lineal meter veneer model derived from peeler block tests. While the model is strictly applicable to planted loblolly pine (Pinus taeda L.) on cutover site-prepared land in the United States (US) Gulf South, the model and computer program are adaptable to any region and forest type.

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The Best Management Practice and Protectbn Stmtegies of Groundwater Resources of USA (미국 지하수자원의 최적관리기법와 보호전략에 관한 연구)

  • 한정상
    • The Journal of Engineering Geology
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    • v.4 no.1
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    • pp.57-77
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    • 1994
  • The best management programs(BMP) of groundwater resources is to proted from potential groundwater contanination and to use it as optimal yield. In this paper, the groundwater protection strategies and empirical assessment methodologies using in USA are presented. Those strategies shall be used for future groundwater management program of our country and part of them are alreay utilized for the protection plan of the groundwater resources.

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The Role of Overconfident CEO to Dividend Policy in Industrial Enterprises

  • HOANG, Lam Xuan;DANG, Duong Quy;TRAN, Thuan Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.361-367
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    • 2020
  • Researching the influence and role of CEO overconfidence to dividend policy is important for stock market investors. Therefore, this study was conducted to find out the relationship between CEO overconfidence and dividend policy in industrial enterprises in Vietnam. Data collected from 222 industry enterprises listed on the Vietnam Stock Exchange from 2012 to 2018. Data is collected on financial statements of listed companies. GLS model with panel data is used to analyze regression results. The results show that CEO overconfidence has dividend yield higher than CEO non-overconfidence. At the same time, the dividend payout ratio of enterprises has no difference between CEO overconfidence and CEO non-overconfidence. The results also showed that revenue growth has a positive impact on dividend yield in small enterprises, but negative impact on dividend payout in large enterprises. Research results by firm size have similar results with the general analysis for all enterprises. At the same time, the analysis of ownership type shows that CEO overconfidence has a positive impact on dividend yield of non-state enterprises without affecting other types of enterprises. From these results, the authors also made a number of recommendations to help investors choose businesses to invest in accordance with their strategies.

Influence of climate change on crop water requirements to improve water management and maize crop productivity

  • Adeola, Adeyemi Khalid;Adelodun, Bashir;Odey, Golden;Choi, Kyung Sook
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.126-126
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    • 2022
  • Climate change has continued to impact meteorological factors like rainfall in many countries including Nigeria. Thus, altering the rainfall patterns which subsequently affect the crop yield. Maize is an important cereal grown in northern Nigeria, along with sorghum, rice, and millet. Due to the challenge of water scarcity during the dry season, it has become critical to design appropriate strategies for planning, developing, and management of the limited available water resources to increase the maize yield. This study, therefore, determines the quantity of water required to produce maize from planting to harvesting and the impact of drought on maize during different growth stages in the region. Rainfall data from six rain gauge stations for a period of 36 years (1979-2014) was considered for the analysis. The standardized precipitation and evapotranspiration index (SPEI) is used to evaluate the severity of drought. Using the CROPWAT model, the evapotranspiration was calculated using the Penman-Monteith method, while the crop water requirements (CWRs) and irrigation scheduling for the maize crop was also determined. Irrigation was considered for 100% of critical soil moisture loss. At different phases of maize crop growth, the model predicted daily and monthly crop water requirements. The crop water requirement was found to be 319.0 mm and the irrigation requirement was 15.5 mm. The CROPWAT 8.0 model adequately estimated the yield reduction caused by water stress and climatic impacts, which makes this model appropriate for determining the crop water requirements, irrigation planning, and management.

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