scholarly journals The Efficiency Analysis of National R&D Planning for the Field of Precision Medicine in Korea

2018 ◽  
Vol 4 (3) ◽  
pp. 39 ◽  
Author(s):  
BangRae Lee ◽  
EunSoo Sohn ◽  
DongKyu Won ◽  
WoonDong Yeo ◽  
KwangHoon Kim ◽  
...  
Keyword(s):  
Precision Medicine ◽  
Relative Efficiency ◽  
High Efficiency ◽  
Investment Decision ◽  
Value Added ◽  
Efficiency Analysis ◽  
Government Investment ◽  
Technology Sector ◽  
Investment Decision Making ◽  
Input Variables

Precision medicine has received a lot of attention in recent years and we have not yet found any research cases that apply Data Envelopment Analysis (DEA) to investment decision making in this area. The purpose of this study is to analyze the relative efficiency of candidate technology sectors in order to determine priorities for government investment in precision medicine. The results of the efficiency analysis can be used as an important reference for government policy makers to determine the amount of government investment in the next year for each candidate technology sector. The candidate technology for government investment in precision medicine was decided for 23 sectors based on the data analysis and the opinions of expert committees. This study applies the input-oriented DEA in regard to 23 technology sectors, which is widely used to analyze relative efficiency in terms of inputs versus outputs and to enhance efficiency through the propositional reduction of inputs. The input variables include the government’s research and development (R&D) investment and forward and backward industry linkage effects. The output variables are the employment creation effect, value-added effect, number of Korean patents, and number of Korean papers. Our analysis results show that the 23 technology sectors in precision medicine overall have a high efficiency, with the exception of the biobank technology sector. Therefore, since the Biobank technology sector has strong infrastructure characteristics, it seems to require continuous investment. The efficiency of DEA is high in most precision medicine sectors; therefore, overall, investing in these technologies is expected to yield good benefits.

Research on Three-Dimensional Description and Measurement of Government Investment Project Risk

2010 ◽  
Vol 108-111 ◽  
pp. 741-746 ◽  
Author(s):  
Rong Gui Ding ◽  
Xing Zhi Liu ◽  
Hua Sun
Keyword(s):  
Investment Decision ◽  
Risk Function ◽  
Three Dimensional ◽  
Investment Project ◽  
Dimensional Structure ◽  
Government Investment ◽  
Size Of Government ◽  
Project Risk ◽  
Investment Projects ◽  
Investment Decision Making

With the increase in the size of government investment projects, an increasing number of uncertain factors are involved and the risks are increasingly complex, the project risks can accurately describe and measure the project will directly affect the investment decision-making and project management. To this end, respectively, analyze two-dimensional method and multi-dimensional method and Put forward a three-dimensional description method, describing project risk thoroughly from the probability, losses as well as manageability. On this basis the risk function is established, and finally an example is given. The results showed that three-dimensional structure not only take into account both qualitative and quantitative, at the same time taking into account the subjectivity and objectivity of risk, a more accurate reflection of the true face of government investment project risk.

scholarly journals Reliability as Main Factor for Future Value Creation

2017 ◽  
Author(s):  
Aleksandras Vytautas Rutkauskas ◽  
Viktorija Stasytytė ◽  
Andrius Rutkauskas
Keyword(s):  
Stochastic Optimization ◽  
Utility Function ◽  
Optimal Allocation ◽  
Investment Decision ◽  
Value Added ◽  
Optimal Investment ◽  
Currency Markets ◽  
Reliability Management ◽  
Investment Decision Making ◽  
Optimal Resource

The main objective of the paper is to present the solution to the problem of possibilities’ reliability management, which is an important problem of uncertainty (risk) economics. Also, the paper aims to propose adequate methods of stochastic optimization and reveal their broad implementation possibilities. Along with that, the concept of utility function is being disclosed, when we take into account not only the possibilities of prices and costs, but also their reliability, in order to achieve the highest value added in this process. The original methods of stochastic optimization are used, while searching for the optimal allocation of invested capital among the investment assets. Adequate investment portfolio is treated as theoretically sound and practically effective instrument for investment decision-making in capital and currency markets, as well as for other problems related with optimal resource allocation. The adequate portfolio supplements the modern portfolio by adding the third portfolio parameter – the reliability of return. Also, the utility function based on return, reliability and risk is used to find the optimal investment possibility for particular investor. The formed portfolio solutions were tested in the markets of NYSE, UK and France.

scholarly journals COMBINED HEAT AND POWER PRODUCTION: SOCIO‐ECONOMIC AND SUSTAINABLE DEVELOPMENT ASPECTS

2006 ◽  
Vol 12 (1) ◽  
pp. 29-36 ◽  
Author(s):  
Nerijus Rasburskis ◽  
Juozas Gudzinskas ◽  
Jonas Gylys
Keyword(s):  
Decision Making ◽  
High Efficiency ◽  
Investment Decision ◽  
Power Production ◽  
Combined Heat And Power ◽  
Energy Sector ◽  
Point Of View ◽  
Small Scale ◽  
Economic Point ◽  
Investment Decision Making

The paper is based on the study of Lithuania facing the need for huge investments in both the replacement of the Ignalina nuclear power station and the replacement of district heating production units in many of the existing systems. Lithuania has a big technical potential for implementing small‐scale combined heat and power production (CHP) systems. Meanwhile, such implementation needs public regulation to become feasible not only from a socio‐economic, but also from a business economic point of view. The study focuses upon the analysis of methods for the incorporation of technical, economical and environmental considerations into large‐scale investment decision‐making in the energy sector. The research study could be a guideline for determination of national potential for high efficiency CHP not only from the technical, but both the economical and the environmental point of view. Based upon the results of the study investigation and analysis, areas for improvement in current energy sector investment decision-making processes are highlighted, and areas for further research are recommended.

scholarly journals ANALISIS EFISIENSI KREDIT MODAL VENTURA UNTUK NELAYAN PERIKANAN TANGKAP (Studi Kasus Nelayan di Kabupaten Tegal)

2017 ◽  
Vol 5 (1) ◽  
pp. 65
Author(s):  
Benny Osta Nababan ◽  
Yesi Dewita Sari
Keyword(s):  
Data Envelopment Analysis ◽  
Coastal Area ◽  
Relative Efficiency ◽  
Secondary Data ◽  
Efficiency Analysis ◽  
Data Envelopment ◽  
Research Results ◽  
Input Variables

Penelitian ini bertujuan untuk mengetahui efisiensi relatif pemberian kredit modal ventura terhadap nelayan di Kabupaten Tegal yang melakukan penangkapan menggunakan alat tangkap cantrang. Data yang digunakan terdiri dari data primer dan sekunder. Data Envelopment Analysis (DEA) digunakan untuk mengetahui efisiensi relatif nelayan penerima kredit ventura dibandingkan nelayan bukan penerima. Analisis juga dikembangkan dengan menggunakan 2 skenario yaitu maksimisasi output dan minimisasi biaya. Hasil penelitian menunjukkan bahwa dengan menggunakan seluruh variabel input dan output, maka 6 dari 7 nelayan penerima kredit ventura efisien 100% dan hanya 2 nelayan responden tidak menerima kredit ventura yang memiliki efisiensi 100%. Berdasarkan skenario 1 dan 2, hanya 2 nelayan penerima kredit ventura yang mengalami efisiensi 100%; sedangkan yang lainnya berkisar antara 70% - 100%. Nelayan tidak menerima kredit ventura memiliki efisiensi < 70%. Pemberian kredit modal ventura dapat meningkatkan efisensi usaha perikanan tangkap terutama bagi nelayan yang melakukan penangkapan jauh dari pantai. Tittle: Efficiency analysis of Ventura Capital Credit for Fisher's Household (Case Study of Fishers in Tegal District)This research aimed to understand relative efficiency of the ventura credits to Tegal district's fishers whose cantrang fishing unit. This research used primary and secondary data and applied Data Envelopment Analysis (DEA) to find out relative efficiency of fisher who receive the ventura credit, and compare it with the fishermen without ventura credit. By using two scenarios of maximization output and minimization input, this research results show that using all output and input variables, six of seven fishers received ventura credit have a relative efficiency of 100% and only 2 fishers not received the ventura credit have relative efficiency 100%. Based on first and second scenarios, 2 fishers received ventura credit have a relative efficiency of 100% and others have a relative efficiency ranging from 70% to 100%. Fishers who are not received ventura credit have a relative efficiency less than 70%. Ventura credit enables to increase relative efficiency of fishers, especially for those who fishing beyond coastal area

scholarly journals INVESTMENT STYLES OF REIT PROPERTY PORTFOLIOS

2021 ◽  
Vol 19 (17) ◽  
Author(s):  
Chor Heng Tan ◽  
Kien Hwa Ting
Keyword(s):  
Portfolio Management ◽  
Investment Decision ◽  
Value Added ◽  
Management Approach ◽  
Investment Style ◽  
The Real Estate ◽  
Qualitative Approaches ◽  
Investment Decision Making ◽  
Investment Portfolios ◽  
Investment Styles

Investment style, comprising generic-style and specific-style, is the real estate investment management approach adopted by REIT management in guiding the construction of their portfolios. These portfolios would have distinctive return and risk performance reflecting the stated risk and return underlying the investment vision. Using quantitative and qualitative approaches, this study identified the investment style of each M-REIT listed on Bursa Malaysia. Using the generic-style criteria and analysis, M-REITs are found to have pursued passive and value strategies aided by a top-down approach to their property portfolio management. Whilst results of the specific style analysis show that core portfolios have produced a lower risk-return ratio compared to value-added and opportunistic portfolios. These findings will benefit investors by guiding their investment decision making in constructing their investment portfolios and also in deciding ways to achieve diversification.

The role of affective reactions on investment decision-making

2007 ◽  
Author(s):  
Enrico Rubaltelli ◽  
Giacomo Pasini ◽  
Rino Rumiati ◽  
Paul Slovic
Keyword(s):  
Decision Making ◽  
Investment Decision ◽  
Affective Reactions ◽  
Investment Decision Making
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