• Title/Summary/Keyword: Expansion Ratio

Search Result 1,135, Processing Time 0.031 seconds

Intents of Acquisitions in Information Technology Industrie (정보기술 산업에서의 인수 유형별 인수 의도 분석)

  • Cho, Wooje;Chang, Young Bong;Kwon, Youngok
    • Journal of Intelligence and Information Systems
    • /
    • v.22 no.4
    • /
    • pp.123-138
    • /
    • 2016
  • This study investigates intents of acquisitions in information technology industries. Mergers and acquisitions are a strategic decision at corporate-level and have been an important tool for a firm to grow. Plenty of firms in information technology industries have acquired startups to increase production efficiency, expand customer base, or improve quality over the last decades. For example, Google has made about 200 acquisitions since 2001, Cisco has acquired about 210 firms since 1993, Oracle has made about 125 acquisitions since 1994, and Microsoft has acquired about 200 firms since 1987. Although there have been many existing papers that theoretically study intents or motivations of acquisitions, there are limited papers that empirically investigate them mainly because it is challenging to measure and quantify intents of M&As. This study examines the intent of acquisitions by measuring specific intents for M&A transactions. Using our measures of acquisition intents, we compare the intents by four acquisition types: (1) the acquisition where a hardware firm acquires a hardware firm, (2) the acquisition where a hardware firm acquires a software/IT service firm, (3) the acquisition where a software/IT service firm acquires a hardware firm, and (4) the acquisition where a software /IT service firm acquires a software/IT service firm. We presume that there are difference in reasons why a hardware firm acquires another hardware firm, why a hardware firm acquires a software firm, why a software/IT service firm acquires a hardware firm, and why a software/IT service firm acquires another software/IT service firm. Using data of the M&As in US IT industries, we identified major intents of the M&As. The acquisition intents are identified based on the press release of M&A announcements and measured with four categories. First, an acquirer may have intents of cost saving in operations by sharing common resources between the acquirer and the target. The cost saving can accrue from economies of scope and scale. Second, an acquirer may have intents of product enhancement/development. Knowledge and skills transferred from the target may enable the acquirer to enhance the product quality or to expand product lines. Third, an acquirer may have intents of gain additional customer base to expand the market, to penetrate the market, or to enter a foreign market. Fourth, a firm may acquire a target with intents of expanding customer channels. By complementing existing channel to the customer, the firm can increase its revenue. Our results show that acquirers have had intents of cost saving more in acquisitions between hardware companies than in acquisitions between software companies. Hardware firms are more likely to acquire with intents of product enhancement or development than software firms. Overall, the intent of product enhancement/development is the most frequent intent in all of the four acquisition types, and the intent of customer base expansion is the second. We also analyze our data with the classification of production-side intents and customer-side intents, which is based on activities of the value chain of a firm. Intents of cost saving operations and those of product enhancement/development can be viewed as production-side intents and intents of customer base expansion and those of expanding customer channels can be viewed as customer-side intents. Our analysis shows that the ratio between the number of customer-side intents and that of production-side intents is higher in acquisitions where a software firm is an acquirer than in the acquisitions where a hardware firm is an acquirer. This study can contribute to IS literature. First, this study provides insights in understanding M&As in IT industries by answering for question of why an IT firm intends to another IT firm. Second, this study also provides distribution of acquisition intents for acquisition types.

Adsorption of p-Xylene by Expanded Graphite (팽창흑연을 이용한 p-Xylene 흡착)

  • Lee, Chae-Young;Jee, Hyeong-Sub;Chung, Jae-Woo;Kim, Sang-Hyoun;Cho, Yun-Chul;Kang, Seok-Tae
    • Journal of the Korean GEO-environmental Society
    • /
    • v.13 no.5
    • /
    • pp.35-40
    • /
    • 2012
  • In this study, adsorption characteristics of expanded graphite (EG) were investigated by a series of batch adsorption tests using p-Xylene as a model volatile organic compounds (VOCs). After acid treatment, graphite were expanded at various temperature from $600^{\circ}C$ to $1000^{\circ}C$ for one minute. The optimal temperature was $800^{\circ}C$, where the expansion ratio reached 195 times of original volume. The BET specific surface area of EG was $92.4m^2/g$, which was only 1/10 of granular activated carbon (GAC), however the adsorption of p-Xylene by EG was almost completed within 5 minutes while that of GAC continued for 7 days because the majority of pores of EG was consisted with meso- and macro-pores. According to the Langmuir isotherm analysis, the maximum specific adsorption of p-Xylene onto EG was 24.0 mg/L with the adsorption constant of 7.94. In conclusion, the adsorption capacity of EG was much less than that of GAC due to the significantly lower specific surface area, but the first order kinetic constant was more than 500 times larger than GAC. Overall, EG might be effective where the fast adsorption is required.

Analysis of Fire Risk Assessment Indicators of Publicly-Used Establishments using Delphi/AHP (Delphi/AHP를 활용한 다중이용업 신종업종의 화재위험평가지표 분석)

  • Kim, Myung-Cheol;Kim, Hak-Joong;Park, Kyung-Hwan;Youn, Hae-Kwon;Lee, Seung-Ho
    • Fire Science and Engineering
    • /
    • v.33 no.6
    • /
    • pp.87-94
    • /
    • 2019
  • Through a press release dated July 17, 2018, the Anti-Corruption and Civil Rights Commission recommended that the National Fire Agency develop preventive measures against fire in the "Indoor Archery Ground" and "Room Escape Café" etc., which were originally excluded from the category of "Publicly Used Establishments." This study developed the hierarchy of domains and indicators of measurement for fire risk assessment of the new business of publicly used establishments through the Delphi Method. It analyzed the goodness of fit scores (over 3.00) and secured an average score of 4.25. Using AHP analysis, the ratio of consistency for the domains of measurement of fire risk assessment was found to be 4.0%, which was lower than CR ≤ 0.1 (10%). The consistency of subsequent measurement indicators were distributed in the range of 0.1%~3.6%, and they were identified as being commonly consistent. The indicators of measurement appeared as follows in order of importance and priority: Type of Internal Passage of Establishment and Evacuation Capacity of Exit (0.316), Control of Ignition Source (0.141), Inherent Risk (0.106), Appropriateness and Adaptiveness of Fire Detection System (0.097), Control of Inflammables/Combustibles (0.084), Guides and Facilities helping Evacuation (0.075), Fire Resistant Structure and Finishing Materials (0.060), Compartmentalization and Emergency Exit (0.049), Risk of Fire Expansion (0.046), and Appropriateness and Adaptiveness of Fire Extinguishing Facilities (0.026). The findings of this study are expected to be expansively used as data for future research on the development of fire risk assessment indicators.

Effect of a Low Temperature-Induced Quiescence on Short Term Storage of an Egg Parasitoid, Trichogramma sp. Nabis 101 (알기생봉(Trichogramma sp. Nabis101)의 저온 발육 휴지와 단기 저장 기술)

  • Kim, Yong-Gyun;Heo, Hye-Jung;Kim, Geun-Seob;Hahm, Eun-Hye;Kim, Ji-Won;Kang, Sung-Young;Kwon, Ki-Myeon
    • Korean journal of applied entomology
    • /
    • v.48 no.3
    • /
    • pp.369-375
    • /
    • 2009
  • A commercial egg parasitoid, Trichogramma sp. Nabis101, was released into agricultural cultivating areas in Korea due to its wide host spectrum against insect pests. Moreover, an application technique has been recently developed to enhance its control efficacy by mixture treatment with a microbial control agent. Despite its expansion of commercial availability, any genetic identification on this commercial strain was not determined. Also, to meet inconsistent demands from consumers, the live parasitoids need to be stored without significant loss of their survival and parasitic activity. This study determined nucleotide sequence of internal transcribed spacer (ITS) of the wasp species. The identified ITS sequences indicate that this wasp species is most similar to T brasiliensis. Optimal storage condition of this wasp required young parasitized stage at $10^{\circ}C$. Under these conditions, survival, sex ratio, longevity, and parasitic behavior were not much impaired for 5 weeks.

The demand analysis of safety-experience-education-facilities for experiential type safety education (체험형 안전교육을 위한 학생 안전체험교육시설의 수요 분석)

  • Cho, Jin-Il;Jang, Jaewon;Park, Sung-Chul;Song, Byung-Joon;Bang, Young-Hyun;Yoon, Hyoung-Uk
    • The Journal of Sustainable Design and Educational Environment Research
    • /
    • v.16 no.1
    • /
    • pp.1-11
    • /
    • 2017
  • The purpose of this study is to present the number of necessary facilities for the establishment of safety education facility for students through the analysis of situation and demand of safety experience education facilities so as to effectively implement safety education based on 7 standards of school safety education. 7 standards of school safety education and experience programs of the existing safety experience center were analyzed and the experience program was extracted based on the analysis. Based on the derived program, the experience space was set up, and the existing safety experience facility was analyzed accordingly. Based on this, the number of necessary facilities was suggested by using the calculation formula derived to estimate the scale of the facility expansion. This is the result of estimating the required number of facilities based on the 2015 school age population. In the long run, it is necessary to calculate the appropriate ratio by actually comparing the unit construction costs of the facilities and the vehicles. In consideration of this, it is necessary to plan for the long-term necessary facilities and vehicles for the construction plans.

Chemo-mechanical Analysis of Bifunctional Linear DGEBA/Linear Amine(EDA, HMDA) Resin Casting Systems (DGEBA/선형 아민(EDA, HMDA) 경화제의 주쇄 탄소숫자와 물성과의 관계에 대한 연구)

  • Myung, In-Ho;Chung, In-Jae;Lee, Jae-Rock
    • Applied Chemistry for Engineering
    • /
    • v.10 no.7
    • /
    • pp.990-995
    • /
    • 1999
  • To determine the effect of chemical structure of linear amine curing agents on thermal and mechanical properties, standard epoxy resin DGEBA was cured with ethylene diamine(EDA) and hexamethylene diamine(HMDA) in a stoichiometrically equivalent ratio. From this work, the effect of linear amine curing agents on the thermal and mechanical properties is significantly influenced by the chemical structure or chain length of curing agents. In contrast, the results show that the DGEBA/EDA system having the two carbons had higher values in the thermal stability, maximum conversion of epoxide, density, glass transition temperature, tensile modulus, flexural strength, and flexural modulus than the DGEBA/HMDA system having the six carbons, whereas the DGEBA/EDA cure system had relatively low values in the shrinkage(%), thermal expansion coefficient, tensile strength, and had similar values in the maximum exothermic temperature, and conversion of epoxide compared to the DGEBA/HMDA cure system. This findings indicate that packing ability in the HMDA structure affects the thermal and mechanical properties.

  • PDF

Wave Control by Bottom-Mounted and Fluid-Filled Flexible Membrane Structure (유체가 채워진 착저신 유연막 구조물에 의한 파랑제어)

  • 조일형;강창익
    • Journal of Korean Society of Coastal and Ocean Engineers
    • /
    • v.12 no.3
    • /
    • pp.139-148
    • /
    • 2000
  • In this paper, the interaction of oblique incident waves with a bottom-mounted and fluid-filled flexible membrane structure is investigated in the frame of linear hydro-elastic theory. The static shape of a membrane structure containing the fluid of a specific density is initially unknown and must be calculated before the hydrodynamic analysis. To solve hydrodynamic problem, the fluid domain is divided into the inner and outer region. The inner solution based on discrete membrane dynamic model and simple-source distribution over the entire fluid boundaries is matched to the outer solution ba~ed on an eigenfunction expansion method. The numerical results were compared to a series of Ohyama's experimental results. The measured reflection and tran¬smission coefficients reasonably follow the trend of predicted values. Using the computer program developed, the performance of a bottom-mounted and fluid-filled flexible membrane strocture is tested with various system parameters (membrane shape, internal pressure, density ratio) and wave characteristics (wave frequencies, incident wave angle). It is found that a bottom-mounted and fluid-filled flexible membrane structure can be an effel;tive wave barrier if properly designed.

  • PDF

Experimental Study on Characteristics of Steam Condensation in a Sub-cooled Water Pool (과냉각수조에서 증기응축 특성에 관한 실험적 연구)

  • Kim, Hwan-Yeol;Cho, Seok;Song, Chul-Hwa;Chung, Moon-Ki;Choi, Sang-Min
    • Journal of Energy Engineering
    • /
    • v.8 no.2
    • /
    • pp.298-308
    • /
    • 1999
  • Experimental study on characteristics of direct contact condensation of steam discharged into a sub-cooled water pool has been performed using five different sizes of horizontal nozzle over a wide range of steam mass fluxes and pool temperatures. Steam condensation phenomena have been observed visually and by taking pictures of steam jets using a high speed video camera. Two different steam jet shapes such as ellipsoidal shape and conical shape were typically observed for a stable steam jet, depending on the steam mass flux and pool temperature. The steam jet expansion ratio and the steam jet length as well as the condensation heat transfer coefficients were determined. The effect of steam mass flux, pool temperature, and nozzle diameter on these parameters were also discussed. Empirical correlations for the steam jet lengths and the condensation heat transfer coefficients as a function of steam mass flux and condensation driving potential were established. The axial and radial temperature distributions in steam jet and in surrounding water were measured. The effect of steam mass flux, pool temperature, and nozzle diameter were also discussed. The condensation regime map, which consists of six regimes such as chugging, transient chugging, condensation oscillation, stable condensation, bubble condensation oscillation, and intermittent oscillation condensation, were established. In addition, the dynamic pressures at the pool wall were measured. The close relation of dynamic pressure and steam condensation mode, which is also dependent on steam mass flux and pool temperature, was found.

  • PDF

Preparation and Characterization of Biodegradable Hydrogels for Tissue Expander Application (조직 확장기용 생분해성 하이드로젤의 제조 및 특성분석)

  • Yuk, Kun-Young;Kim, Ye-Tae;Im, Su-Jin;Garner, John;Fu, Yourong;Park, Ki-Nam;Park, Jeong-Sook;Huh, Kang-Moo
    • Polymer(Korea)
    • /
    • v.34 no.3
    • /
    • pp.253-260
    • /
    • 2010
  • In this study, we prepared and evaluated a series of biocompatible and biodegradable block copolymer hydrogels with a delayed swelling property for tissue expander application. The hydrogels were synthesized via a radical crosslinking reaction of poly(ethylene glycol) (PEG) diacrylate and poly(D,L-lactide-co-glycolide)-poly(ethylene glycol)-poly(D,L-lactide-co-glycolide)(PLGA-PEG-PLGA) triblock copolymer diacrylate as a swelling/degradation controller (SDC). For the synthesis of various SDCs that can lead to different degradation and swelling properties, various PLGA-PEG-PLGA triblock copolymers with different LA/GA ratios and different PLGA block lengths were synthesized and modified to have terminal acrylate groups. The resultant hydrogels were flexible and elastic even in the dry state. The in vitro degradation tests showed that the delayed swelling properties of the hydrogels could be modulated by varying the chemical composition of the biodegradable crosslinker (SDC) and the block ratio of SDC/PEG. The histopathologic observation after implantation of hydrogels in mice was performed and evaluated by macrography and microscopy. Any significant inflammation or necrosis was not observed in the implanted tissues. Due to their biocompatibility, elasticity, sufficient swelling pressure, delayed swelling and controllable degradability, the hydrogels could be useful for tissue expansion and other biomedical applications.

A Study on Space Program Based on the Library Facility Program (도서관 소요공간에 따른 면적구성에 관한 연구)

  • Ko, Jae-min;Cho, Hyun-Yang;Ko, Hung-Kwon
    • Journal of Korean Library and Information Science Society
    • /
    • v.46 no.3
    • /
    • pp.349-379
    • /
    • 2015
  • In the 1980's opening 79 of the end of 2013, the National Public Library that had been It was 885 its opening remains in effect. Especially in the 2000s after 60% of the whole library, a library erected since the advent of the library is enough to be a significant quantitative expansion. The resulting to make a qualitative aspect of public libraries and increase users' needs for efficient space configuration. IIn particular, the user is to serve the needs of digital reading room and the increase of the cultural training changes after 2000 years ago, and appears as due to the implications of space configuration in an age-appropriate library space off the rate plan is a necessary point. The study in the 1980s-1990s, built public library established since the year 2000 centered on public library mutual comparative analysis of space configuration form. Book reading function was the conservation and highlight 1980-1990s and considered by the side of the users culture area extended since the 2000s, public library takes the difference between the ratio of the area of the facility by the area in which you can meet the standards required and the age.