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Hussain, Sajjad. "PEAK TO AVERAGE POWER RATIO ANALYSIS AND REDUCTION OF COGNITIVE RADIO SIGNALS." Phd thesis, Université Rennes 1, 2009. http://tel.archives-ouvertes.fr/tel-00426930.
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* La multiplication des standards de télécommunications fait apparaître la nécessité de disposer de terminaux multistandard et reconfigurables. Ces nouvelles fonctionnalités trouvent leurs réponses dans le domaine de la radio logicielle. De tels terminaux ne sont pas encore réalisables pour des raisons technologiques liées à la complexité nécessaire à leur réalisation (convertisseurs ultra rapides, processeurs reconfigurables, antennes et amplificateurs très large bande, ....). En se basant alors sur une véritable technologie radio logicielle, la radio intelligente va encore plus loin dans la prospective en dotant le terminal de capteurs qui lui permettront de s'adapter et de réagir vis à vis de son environnement. La radio devient alors décentralisée et flexible se détachant de la notion de standards et transmettant de façon opportuniste une communication dans une bande qui aura été détectée comme libre. Cette présentation s'inscrit dans le contexte présenté ci-dessus en se focalisant sur les conséquences de l'amplification de puissance d'un signal multistandard. En effet, l'amplication de puissance est un étage fondamental de tout système radio et certaines précautions doivent être prises avant d'amplifier un signal. En effet, les amplificateurs ont des caractéristiques non linéaires et de faibles rendements nécessitant un traitement du signal à amplifier afin de limiter d'une part les distorsions non linéaires et d'autre part la consommation des terminaux. Les signaux caractérisant les systèmes multistandard ayant des caractéristiques proches de celle d'un signal OFDM (connu pour les problèmes liés à l'amplification de puissance), ce travail apporte des réponses sur : * les niveaux de puissance d'un signal multistandard * les méthodes à développer pour en minimiser les fluctuations de puissance * les conséquences de l'accès opportuniste au spectre sur les fluctuations de puissance dans un contexte de radio intelligente
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Fays, Gérard. "Boltzmann machine applied to financial ratio analysis." Thesis, McGill University, 1989. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=59399.
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This thesis presents an implementation of supervised learning performed with a stochastic neural net, as applied to a classification of business firms based on financial statements and ratios. The general Boltzmann Machine Algorithm is presented in detail, as well as the specific version designed for this application. We describe in detail several classifications that we attempted to reproduce, and some of the different possible ways of encoding the data issued from the income statements and the balance sheet. The results are shown to depend on the chosen encoding. We also confirm that the neural net behaves better when it is trained on the most difficult cases.
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Whang, Eunyoung. "Profitability Ratio Analysis for Professional Service Firms." Diss., Temple University Libraries, 2010. http://cdm16002.contentdm.oclc.org/cdm/ref/collection/p245801coll10/id/104035.
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Business Administration/AccountingPh.D.
The DuPont analysis is one of the most commonly used financial analysis tools for traditional businesses. It disaggregates return on equity (ROE) into profit margin (PM), asset turnover (ATO), and leverage (LEV) thereby providing value-relevant information relative to aggregated profitability. In this paper, I extend the use of the DuPont model to the professional service industry. The professional service industry has recently become one of the fastest growing segments driving the U.S. economy (USITC 2009, U.S. Census Bureau of Economic Analysis 2009). Unlike traditional businesses whose key business assets are their physical assets, professional service firms rely on human capital assets that are not recognized in the balance sheet. I introduce a profitability ratio analysis model that focuses on human capital. I validate the model by examining whether the disaggregated profitability ratios for professional service firms add relevant information over aggregated ratio in the same way as they do for traditional businesses. I use law firms as a representative segment of the professional service sector to empirically evaluate my model. I collect financial and human resource data for 81 of the 100 largest U.S. law firms from 2000 to 2007 then disaggregate profit per equity partner (PPP) into the three profitability ratios: profit margin (PM), revenue per lawyer (RPL), and leverage (LEV). I compare the absolute forecasting error (AFE) of the simple AR (1) model that uses only the current year profit per equity partner (PPP) to forecast one-year ahead profit per equity partner (PPP) and my model that uses the three profitability ratio model (PM, RPL, and LEV) of current year to forecast one-year ahead profit per equity partner (PPP). I find that using the disaggregated profitability ratios significantly improves forecasting of future profitability relative to using only profit per equity partner (PPP), analogous to similar results documented for the DuPont model in Fairfield and Yohn (2001) and Soliman (2004). I examine which firm characteristics are associated with the profitability ratios. I include four firm characteristics variables (STRUCTURE, SCOPE-INTL, SCOPE-RGNL, and SCALE) that are commonly used in economic analysis of industrial organizations. I find that the profitability ratios are systematically associated with firm characteristics that reveal information on the business models of individual firms. Leverage (LEV) is higher in law firms with non-equity partners (STRUCTURE), international focus (SCOPE-INTL), regional focus (SCOPE-RGNL), or large size (SCALE). Law firms that are large sized (SCALE) or regional focused (SCOPE-RGNL) command premium fee (high RPL) on average, but law firms with international focus or with non-equity partners do not.
Temple University--Theses
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Kenney, Shane P. "Financial ratio analysis of audited Federal Financial Statements." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 2000. http://handle.dtic.mil/100.2/ADA380207.
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Thesis (M.S. in Management)--Naval Postgraduate School, June 1998.Thesis advisor(s): Moses, O. Douglas ; Liao, Shu S. "June 2000." Includes bibliographical references (p. 111-112). Also available online.
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Agnihotri, Satish Balram. "Sex ratio imbalances in India : a disaggregated analysis." Thesis, University of East Anglia, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.338059.
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Schoonees, Johann August. "A likelihood ratio analysis of digital phase modulation." Doctoral thesis, University of Cape Town, 1998. http://hdl.handle.net/11427/19508.
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Bibliography: p. 180-188.Although the likelihood ratio forms the theoretical basis for maximum likelihood (ML) detection in coherent digital communication systems, it has not been applied directly to the problem of designing good trellis-coded modulation (TOM) schemes. The remarkably simple optimal receiver of minimum shift keying (MSK) has been shown to result from the mathematical simplification of its likelihood ratio into a single term. The log-likelihood ratio then becomes a linear sum of metrics which can be implemented as a so-called simplified receiver, comprising only a few adders and delay elements. This thesis project investigated the possible existence of coded modulation schemes with similarly simplifying likelihood ratios, which would have almost trivially simple receivers compared to the Viterbi decoders which are typically required for maximum likelihood sequence estimation (MLSE). A useful notation, called the likelihood transform, was presented to aid the analysis of likelihood ratios. The work concentrated initially on computer-aided searches, first for trellis codes which may give rise to simplifying likelihood ratios for continuous phase modulation (CPM), and then for mathematical identities which may aid in the simplification of generic likelihood ratios for equal-energy modulation. The first search yielded no simplified receivers, and all the identities produced by the second search had structures similar to the likelihood ratio of MSK. These observations prompted a formal proof of the non-existence of simplified receivers which use information from more than two symbols in their observation period. This result strictly bounds the error performance that is possible with a simplified receiver. It was also proved that simplified receivers are only optimal for modulation schemes which use no more than two pairs of antipodal signals, and that only binary modulation schemes can have simplified receivers which use information from all the symbols in their observation period.
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Faruk, Hossan, and Ahsan Habib. "Performance evaluation and ratio analysis of Pharmaceutical Company in Bangladesh." Thesis, University West, Department of Economics and Informatics, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:hv:diva-2516.
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The thesis applies performance evaluation of pharmaceutical company in Bangladesh. It means evaluate how well the company performs. The main aim is achieved through ratio analysis of two pharmaceutical (Beximco and Square pharmaceutical) companies in Bangladesh. The main data collection from the annual financial reports on Beximco and square pharmaceutical companies in 2007 to 2008.Different financial ratio are evaluated such liquidity ratios, asset management ratios, profitability ratios, market value ratios, debt management ratios and finally measure the best performance between two companies. The mathematical calculation was establish for ratio analysis between two companies from 2007-2008.It is most important factors for performance evaluation. The graphical analysis and comparisons are applies between two companies for measurement of all types of financial ratio analysis. Liquidity ratio is conveying the ability to repay short-term creditors and it total cash. It determines perform of short term creditor of both pharmaceutical companies under the three categories such as current ratio, quick ratio and cash ratio. Asset management ratio is measurement how to effectively a company to use and controls its assets. Its also quantify into seven categories for both pharmaceutical companies such as account receivable turnover, average collection period, inventory turnover, account payable turnover ,account payable turnover in days ,fixed asset turnover ,total asset turnover. Profitability ratio is evaluate how well a company is performing by analyzing and how profit was earned relative to sales, total assets and net worth for both pharmaceutical companies. Debt coverage ratio is performing that the property insufficient to collect their mortgage for both companies and market value is perform the stockholder to analysis their future market value of the stock market. Overall analyses are measurement the best one between Beximco and Square pharmaceutical companies.
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Robertson, John. "Identifying, measuring and analysing changes in financial health through financial ratio analysis." Thesis, Henley Business School, 1989. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.255667.
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Punsalan, Romeleo N. "Bankruptcy prediction in the construction industry: financial ratio analysis." Thesis, Monterey, California. Naval Postgraduate School, 1989. http://hdl.handle.net/10945/25711.
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Loizou, Andreas, Hong Sheng Qi, and Andrew J. Day. "Analysis of heat partition ratio in vehicle braking processes." Institution of Mechanical Engineers, 2009. http://hdl.handle.net/10454/2834.
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YesAn examination of the heat partition ratio between the friction surfaces of a disc braking system is presented using finite element analysis (FEA). This includes a 2D static analysis of two semi-infinite bodies in contact with and without an interface layer which represents the interface tribo-layer (ITL). An analytical approach with a finite difference solution was used for cross-comparison with the static FE models. Results from the static model have provided the boundary conditions for a 2D dynamic model, where one rectangular block slides on another (fixed) rectangular block. The effects of normal loads and real contact area have also been studied.
Institution of Mechanical Engineers
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Brady, Richard T. "Framework for financial ratio analysis of audited federal financial reports." Thesis, Monterey, Calif. : Springfield, Va. : Naval Postgraduate School ; Available from National Technical Information Service, 1999. http://handle.dtic.mil/100.2/ADA374352.
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Thesis (M.S. in Management) Naval Postgraduate School, December 1999."December 1999". Thesis advisor(s): O. Douglas Moses, Lawrence R. Jones. Includes bibliographical references (p. 145-148). Also available online.
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Fomes, Charles William. "Development of novel oxidation catalysts for carbon isotope ratio analysis." Thesis, Open University, 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.343742.
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Iglesias, Angel Moises. "Investigating Various Modal Analysis Extraction Techniques to Estimate Damping Ratio." Thesis, Virginia Tech, 2000. http://hdl.handle.net/10919/35890.
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Many researchers have devoted their work to the development of modal analysis extraction techniques in order to obtain more reliable identification of the modal parameters. Also, as a consequence of all this work, there are some other works devoted to the evaluation and comparison of these methods in order to find which one is the most reliable method with respect to certain characteristics. In this thesis the Rational Fraction Polynomial (RFP) Method, the Prony or Complex Exponential Method (CEM), the Ibrahim Time Domain (ITD) Method, and Hilbert Envelope Method are used to evaluate how the accuracy of the damping ratio is affected with respect to various parameters and conditions. The investigation focuses in the estimation of damping ratio because among the modal parameters, it is the most difficult to model. Each method is evaluated individually in order to understand how the damping ratio estimation is affected with respect to each method when the characteristics of the FRF are changed. Also, they are compared to show that, in general, the Rational Fraction Polynomial Method is a more reliable method than the other methods. To investigate this, a simulated analytical data and an experimental data are processed to estimate the modal parameters, but focusing in the damping ratio. For the simulated analytical data the damping ratio's percent of error were calculated. The highest damping ratio's percent of error of the RFP was 0.0073501%. In the other hand, for the CEM, ITD, and Hilbert Envelope Method their highest damping ratio's percent of error were 83.02%, 99.82%, and 4.077%, respectively.Master of Science
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Grada, Ali Salem. "Business performance measurement applied to the UK medium-sized coal mining sector since privatisation." Thesis, University of Nottingham, 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.326549.
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Sam, Chon. "The statistical foundations of ratio analysis : theory and Hong Kong evidence." Thesis, University of Macau, 1998. http://umaclib3.umac.mo/record=b1636219.
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Fajardo, Martin. "Analysis of the Preventive/Corrective Maintenance Ratio for DDG class ships." Thesis, Monterey, California. Naval Postgraduate School, 2011. http://hdl.handle.net/10945/5722.
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Approved for public release; distribution is unlimited.This research was conducted in response to a request by the Navy Manpower Analysis Center. The research examined the Preventive Maintenance to Corrective Maintenance Ratio (PM:CM) as part of the Ship Manpower Document (SMD) requirements development process. Established in 1968, the PM:CM ratio has never been revised. Previous research indicates that the PM:CM ratio used by NAVMAC underestimates actual CM performed on board ships. The research examined the 1:1 (electrical) and 2:1 (mechanical) ratios used to accurately forecast CM. The study analyzes effects to the SMD when actual Open Architectural Retrieval System (OARS) CM data is used. This study used one Engineering and one Combat Systems work center as a baseline. CM OARS data for the work centers was provided by NAVSEA and PM data was provided by NAVMAC. Findings indicate that across all DDG [flights], the PM:CM ratio understates the amount of CM performed. The resulting ratio for electrical maintenance was 1:10.9 and for mechanical maintenance 1:1.64. When CM from OARS was used to determine SMD requirements as outlined in OPNAVINST 1000.16K, it resulted in increased functional work on all flights of DDGs.
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Lightfoot, Connie Dae Hall. "Ratio analysis : a model for private liberal arts colleges and universities." Virtual Press, 1993. http://liblink.bsu.edu/uhtbin/catkey/897470.
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Ratio analysis is a financial analysis technique used by the corporate sector and public colleges and universities. Private colleges and universities have been largely unsuccessful utilizing this technique because of the varied accounting techniques used by the private institutions. This study attempted a different technique. The controllers of five institutions were asked to meet and agree on definitions of categories necessary for completing ratio analysis.Ratios are useful as a tool for monitoring financial changes over time within one institution, comparing similar institutions one with another and evaluating institutions in better financial condition for use as goal ratios.The resultant model consisted of a data dictionary which contained the definitions the controllers had created and iteratively refined, a data spreadsheet which contained the numbers over a five year period matching the definitions, and a ratio spreadsheet which presented the 58 ratios for each institution over a five year period. The controllers, acting as an expert panel for the study, believed the results to be reliable because of their level of involvement in setting the definitions and supplying the numbers. Average ratios were also calculated using the data from all five institutions over all five years. All resulting spreadsheets are contained in their entirety in the dissertation.Department of Educational Leadership
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Hyberg, Martin, and Teodor Isaacs. "Predicting like-ratio on YouTube videos using sentiment analysis on comments." Thesis, KTH, Skolan för elektroteknik och datavetenskap (EECS), 2018. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-229775.
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Social media is huge today. It allows anyone with an internet connection to voice their opinion all over the world with a single click. Many of the biggest social media platforms such as Facebook and Twitter do not allow users to leave negative feedback on posts. YouTube is different, it allows users to leave negative feedback in the form of a dislike with the click of a button. Each video also has a comment field with comments regarding the video. With the data that YouTube videos provide and sentiment analysis, the research question for this paper is: Can the comments on a YouTube video be used to determine what ratio of the viewers liked or disliked the video using sentiment analysis?. The results from this work showed that there is a weak correlation between the percentage of likes and the percentage of positive comments on a video. Because the fluctuation in the data and results, it is not accurate enough to be applied to any comment field on the internet, but it could be used as an indication. Many areas of the method could be improved for better results.Sociala medier är enorma idag. De gör det möjligt för vem som helst med en internetuppkoppling att uttrycka sin åsikt över hela världen med ett enda klick. Men många av de största sociala medieplattformarna tillåter inte användaren att lämna negativ feedback på inlägg. Men YouTube är annorlunda, de tillåter användarna att lämna negativ feedback i form av en ogillning med ett enkelt klick. Varje video har även ett kommentarsfält med kommentarer på videon. Med de data som YouTube videor tillhandahåller och sentimentsanalys lyder forskningsfrågan för denna rapport: Kan kommentarerna på en YouTube-video användas för att avgöra vilket förhållande tittarna tyckte om eller ogillade videon med hjälp av sentimentsanalys?. Resultaten från detta arbete visade att det finns en svag korrelation mellan andelen gillningar och procentandelen positiva kommentarer på en video. På grund av fluktuationen i data och resultat är det inte tillräckligt för att tillämpas på alla kommentarsfält på internet, men det kan användas som en indikation. Många delar av metoden kan förbättras för ett bättre resultat.
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Erbacher, Cullen John. "Feasibility Analysis of the Strontium Ratio Obtained from Pennsylvanian Chondricthian Dentary." Wright State University / OhioLINK, 2006. http://rave.ohiolink.edu/etdc/view?acc_num=wright1163875868.
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Jerónimo, Duarte Francisco Reis. "The determinants of current ratio on Portuguese Tourism industry." Master's thesis, Instituto Superior de Economia e Gestão, 2015. http://hdl.handle.net/10400.5/10512.
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Mestrado em FinançasO Turismo é uma atividade económica importante em muitos países do mundo, mas assume um papel fundamental em países de pequena dimensão como Portugal dado o impacto positivo na economia através da criação de emprego e riqueza. Este estudo pretende investigar os determinantes dos current ratio na indústria do turismo em Portugal. A análise baseou-se nos dados extraídos dos relatórios de contas anuais das empresas de turismo Portuguesas no período de 2010-2013. De modo a testar a hipótese presente neste estudo foi utilizado um modelo robusto de análise de dados em painel, no qual se usou as metodologias OLS, efeitos fixos e efeitos aleatórios. Os resultados do primeiro modelo, utilizando a metodologia de efeitos aleatórios, revelam um impacto positivo e estatisticamente significativo no current ratio por parte a rentabilidade e a idade, e negativo no caso da alavancagem financeira, tamanho da empresa, número de dias de contas a pagar e número de dias de inventário. O segundo modelo apresenta um impacto positivo da rentabilidade, idade e ciclo de conversão de liquidez, e negativo da alavancagem financeira e tamanho da empresa sobre a variável dependente. Estes resultados são consistentes com vários estudos anteriores, embora não haja provas estatisticamente significativas da relação entre o número de dias de recebimentos e o current ratio.
Tourism is an important economic activity in most countries around the world but, for small countries like Portugal, it has a fundamental role due to its positive impact in the economy through the creation of jobs and wealth. This study aims to investigate the determinants of current ratio on the Portuguese tourism industry. The analysis was based on data extracted from the annual reports of the Portuguese tourism companies for the period of 2010-2013. In order to test the study hypothesis a robust panel data analysis was used, including pooled OLS, fixed effects and random effects methodologies. The results from the first model, using the random effects methodology, reveal a significant positive statistical impact on current ratio by profitability and age, and a negative by leverage, size, account payable days and inventory days. The second model presents a positive impact of profitability, age and cash conversion cycle and a negative of leverage and size on the dependent variable. These findings are consistent with several previous studies, although there is no prove of statistically significant relationship between account receivable days and current ratio.
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Knesplová, Zuzana. "Finanční analýza společnosti Pivovary Staropramen, a.s./Financial Analysis of Pivovary Staropramen Company." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-73376.
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This thesis is focused on the financial analysis of Pivovary Staropramen Company. The work is divided into theoretical and practical. The theoretical section explains the general scope of financial analysis, sources of information for financial analysis, users of financial analysis and most importantly, the methods of financial analysis. The practical part is devoted to the application of financial analysis by Pivovary Staropramen Company. Conclusion is drawn about the financial health of the company with some suggestions for improvement.
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Hudecová, Klaudia. "Hodnocení finanční situace podniku a návrhy na její zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2012. http://www.nusl.cz/ntk/nusl-223347.
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The diploma thesis focuses on the evaluation the financial situation of TWIN CAR, Ltd. in the years 2007 - 2010 using selected ratios of financial analysis. On the finding and evaluate the results according to various indicators of financial analysis will be drawn with concrete proposals and recommendations to improve the financial situation and the stability of the company in future years.
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Lorentz, Pär. "A Modified Sharpe Ratio Based Portfolio Optimization." Thesis, KTH, Matematisk statistik, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-103275.
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The performance of an optimal-weighted portfolio strategy is evaluated when transaction costs are penalized compared to an equal-weighted portfolio strategy. The optimal allocation weights are found by maximizing a modified Sharpe ratio measure each trading day, where modified refers to the expected return of an asset in this context. The leverage of the investment is determined by a conditional expectation estimate of the number of portfolio assets of the next-coming day. A moving window is used to historically measure the transition probabilities of moving from one state to another within this stochastic count process and this is used as an input to the estimator. It is found that the most accurate estimate is the actual trading day’s number of portfolio assets and this is obtained when the size of the moving window is one. Increasing the penalty parameter on transaction costs of selling and buying assets between trading days lowers the aggregated transaction cost and increases the performance of the optimal-weighted portfolio considerably. The best portfolio performance is obtained when at least 50% of the capital is invested equally among the assets when maximizing the modified Sharpe ratio. The optimal-weighted and equal-weighted portfolios are constructed on a daily basis, where the allowed VaR0:05 is €300 000 for each portfolio. This sets the limit on the amount of capital allowed to be invested each trading day, and is determined by empirical VaR0:05 simulations of these two portfolios.
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Chen, Dandan. "Amended Estimators of Several Ratios for Categorical Data." Digital Commons @ East Tennessee State University, 2006. https://dc.etsu.edu/etd/2218.
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Point estimation of several association parameters in categorical data are presented. Typically, a constant is added to the frequency counts before the association measure is computed. We will study the accuracy of these adjusted point estimators based on frequentist and Bayesian methods respectively. In particular, amended estimators for the ratio of independent Poisson rates, relative risk, odds ratio, and the ratio of marginal binomial proportions will be examined in terms of bias and mean squared error.
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Luthuli, Sandile. "A study into the relationship between the price earnings ratio and the price book ratio on the JSE Securities Exchange." Thesis, Stellenbosch : Stellenbosch University, 2001. http://hdl.handle.net/10019.1/52143.
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Thesis (MBA)--Stellenbosch University, 2001.ENGLISH ABSTRACT: Academics, analysts and investors have always been intrigued by, and have always sought to identify with certainty, factors that determine investment returns and share price movements. In 1953 Maurice Kendall, following on the work of Louis Bachelier, made the revelation that share price movements followed a random pattern, i.e. they could not be predicted with certainty. Through continual research, two schools of thought emerged - fundamental and technical analysis. The fundamentalists' perspective is that through thorough due diligence analysis of current and historical data, one will be able to identify good investment prospects.The latter stipulates that future price movements can be predicted from previous price movements, i.e. historical patterns replicate themselves over time. The random walk theory suggested by Kendall was followed by the Capital Asset Pricing Model (CAPM) as developed and refined by Sharpe (1964), Lintner (1965) and Black (1972). The CAPMrecognised risk (beta) as the key explanatory variable of returns. The CAPMremains the backbone of modern financial theory and is the basis against which all new developmentsare measured. Subsequent studies have attempted to find other explanatory variables of return other than beta. Banz (1981) found evidence of a relationship between size and returns later referred to as the size effect. Chen (1981 and 1983) found that after adjusting for risk factors, the size effect did not yield high returns adequately, thus challenging Banz's findings. In 1985, Chan, Chen and Hsieh using macro and micro economic variables found that given more accurate estimates of beta, no sized-based differences in returns could be observed. Reinganumin 1981 found evidence of high earnings-price (EjP) shares yielding abnormally high returns. He further found a strong relationship between size and earnings-to-price (EjP) ratio. Bhandari (1988) suggested that in addition to beta and size, leverage also played an important explanatory role of returns. Related studies by Basu (1977), Chan, Hamao and Lakonishok (1991) and Jegadeesh (1992) found a multi-variable explanation of returns - market equity, beta, EjP ratio, size and other non-market factors. The combination of these factors led to the conclusion that the CAPM model had been misspecified. Fama and French (1992 and 1995) expanded the research and sought to establish the multi-dimensionality of beta. They found, inter alia, that equities with a high book value vis-a-vis their price realised higher returns than their counterparts. They further found profitability to be positively related to size. This led to a new ratio in financial analysis, the price book ratio (PB). The PB ratio has never emerged as a prominent analytical tool in the financial sector and has historically been superseded by the price earnings (PE) ratio. The author therefore seeks to establish the raison d' etre for the status quo by undertaking an empirical study of the JSE Securities Exchange for the period commencing 1989 and ending 1998. Using financial data obtainable from annual financial statements, the author proceeded to calculate PE and PB ratios. Tracing the mathematical derivation of the two ratios and using the Pearson correlation coefficient, trend analysis and the Spearman Rank correlation test, the author found that there exists prima facie evidence to suggest that the PE ratio could be used as a proxy for the PB ratio. This offers a partial explanation of the inconspicuous role of the PB ratio as an explanatory tool.
AFRIKAANSE OPSOMMING: Akademici, analiste en beleggers stel steeds belang in en strewe om faktore wat beleggingsopbrengste en aandeleprysbewegings bepaal, met sekerheid te identifiseer. In 1953 het Maurice Kendal, gebaseer op die werk van Louis Bachelier, getoon dat aandelepryse 'n ewekansige patroon volg en as gevolg hiervan nie met sekerheid voorspel kan word nie. Navorsing het twee denkrigtings tot gevolg gehad naamlik fundamentele ontleding en tegniese analise. Fundamentele ontleding veronderstel dat winsgewende beleggingsgeleenthede vanuit 'n deeglik oorweegde impak analise van huidige en historiese data gemaak kan word. Tegniese analise stel voor dat toekomstige prysbewegings uit vorige prysbewegings afgelei en voorspel kan word, óf anders gestel, dat patrone hulself oor 'n sekere periode herhaal. Die stogastiese lopie teorie van Kendall is gevolg deur die markpryswaarderingsmodel (MPM) wat deur Sharpe (1964), Lintner (1965) en Black (1972) ontwikkel en verfyn is. Die MPM stel risiko (beta) as 'n sentrale veranderlike wat opbrengste voorspel. Die MPM vorm steeds die primêre uitgangspunt van finansiële teorie en die basis waaraan nuwe ontwikkelings gemeet word. Voortspruitend uit die voorafgaande studies, is daar gepoog om verdere veranderlikes anders as beta te ondersoek wat opbrengste voorspel. Banz (1981) toon aan dat daar 'n verhouding bestaan tussen grootte en opbrengste - naamlik die grootte-effek. Chen (1981 en 1983) het die gevolgtrekking gemaak dat die grootte-effek nie genoegsame hoë opbrengste lewer nadat risikofaktore in berekening gebring is nie. Gevolglik is Banz se bevindinge bevraagteken. In 1985 het Chan, Chen en Hsieh deur die gebruik van makro en mikro-ekonomiese veranderlikes bevind dat, gegewe 'n meer akkurate bepaling van beta, geen grootte gebaseerde opbrengste waargeneem kon word nie. Reinganum (1981) bevind dat bewyse bestaan dat aandele met hoë verdienste-prys abnormaal hoë opbrengste getoon het. Sterk verhoudings tussen grootte en die aandeel se prysverdienste verhouding is waargeneem. Bhandari (1988), in verdere navorsing in hierdie verband, stel dat in aanvulling tot die gebruik van die beta-koëffisient en grootte, hefboomwerking ook 'n belangrike bydrae lewer in die bepaling van opbrengste. Verbandhoudende studies deur Basu (1977), Chan, Hamao en Lakonishok (1991) en Jegadeesh (1992) stel dat opbrengste verduidelik kan word aan die hand van verskeie veranderlikes, naamlik markekwiteit, beta, prysverdienste verhouding, grootte en ander nie-markverwante faktore. Die kombinering van hierdie faktore het gelei tot die gevolgtrekking dat die MPM model verkeerd gespesifiseerd was. Fama en French (1992 en 1995) se navorsing poog om die multi-dimensionaliteit van beta te bepaal. Hulle bevind onder andere dat aandele wat 'n hoë boekwaarde teenoor prys, 'n hoër verdienste of opbrengs oplewer as ander aandele. Verder is bevind dat 'n positiewe korrelasie tussen winsgewendheid en grootte bestaan. Dit het gelei tot 'n nuwe verhouding in finansiële analise, naamlik die prys-tot-boek verhouding (PB). Die PB-verhouding het egter nooit in die finansiële sektor gerealiseer as 'n prominente analitiese metode nie en word histories deur die prysverdienste verhouding oorskadu. Die skrywer wil gevolglik die raison d' etre vasstel vir die status quo deur 'n empiriese studie van die Johannesburgse Effektebeurs vir die periode 1989 tot 1998 te onderneem. Deur jaarlikse finansiële state te ontleed, is die prysverdienste en prys-tot-boek verhoudings bereken. Deur 'n wiskundige afleiding van die twee verhoudings te maak, die Pearson korrelasiekoëffisient, tendensanalise en die Spearman rang korrelasiekoëffisienttoets te gebruik, het die skrywer bevind dat daar prima facie getuienis bestaan dat die prysverdienste verhouding ook gebruik kan word as 'n ekwivalent vir die prys-tot-boek verhouding. Dit bied 'n gedeeltelike verklaring van die ontoereikende rol van die prys-tot- boek verhouding as 'n verklarende veranderlike.
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Iscanoglu, Aysegul. "Credit Scoring Methods And Accuracy Ratio." Master's thesis, METU, 2005. http://etd.lib.metu.edu.tr/upload/12606502/index.pdf.
Full textAbstract:
The credit scoring with the help of classification techniques provides to take easy and quick decisions in lending. However, no definite consensus has been reached with regard to the best method for credit scoring and in what conditions the methods performs best. Although a huge range of classification techniques has been used in this area, the logistic regression has been seen an important tool and used
very widely in studies. This study aims to examine accuracy and bias properties in parameter estimation of the logistic regression by using Monte Carlo simulations in four aspect which are dimension of the sets, length, the included percentage defaults in data and effect of variables on estimation. Moreover, application of some important statistical and non-statistical methods on Turkish credit default
data is provided and the method accuracies are compared for Turkish market. Finally, ratings on the results of best method is done by using receiver operating characteristic curve.
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Bjerre, Lise M. (Lise Marie). "Analysis of etiologic studies : understanding the Mantel-Haenszel estimator of odds ratio." Thesis, McGill University, 1995. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=22849.
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The present work is an endeavour to gain an understanding of the Mantel-Haenszel (MH) estimator beyond that which can be garnered from textbook consultation. To this end, I explore two aspects of the estimator which cannot be fully understood from the textbooks: the rationale for its weights, and its performance. The first one has to do with the basis for the particular choice of the estimator's weights, and the second one with the estimator's distributional properties and their assessment.The approach to each of the topics is, first, to identify and understand what is presented in the original literature; and second, critically to examine the findings in light of established principles of data analysis, to shed new light on the issues that turn out to be ill-understood.
Rather striking new understandings arise. Theoretical justification for the "weights" of the cross-products cannot be found in the literature. The textbook conceptualization of the MH estimator as a weighted average of stratum-specific estimates of odds ratio (unconditional) is supported by the original literature, yet untenable.
A new and tenable conceptualization of the estimator is proposed. Unrecognized in the literature, the stratum-specific cross-products involve a random aspect of the data, and the structure of the estimator is hence unjustifiable in this respect. A first order improvement is proposed and illustrated using examples.
Theoretical evaluation of the estimator's performance is limited by the literature's focus on one of the asymptotic situations. Results of empirical evaluations of the estimator are in accord with textbook claims, but are still too limited. (Abstract shortened by UMI.)
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Batten, William Michael John. "Numerical predictions and experimental analysis of small clearance ratio Taylor-Couette flows." Thesis, University of Southampton, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.268745.
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TEIXEIRA, RENATO NUNES. "INTERNAL COMBUSTION ENGINES WITH VARIABLE COMPRESSION RATIO: A THEORETICAL AND EXPERIMENTAL ANALYSIS." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 1992. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=19099@1.
Full textAbstract:
COORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIORCONSELHO NACIONAL DE DESENVOLVIMENTO CIENTÍFICO E TECNOLÓGICO
É realizado um estudo teórico experimental sobre motores a combustão interna operando com taxa de compressão variável. É feita uma análise teórica sobre determinado mecanismo que permite variar a taxa de compressão. Para tal foi utilizado um programa de simulação para motores com ignição por centelha. No presente trabalho o modelo de simulação foi aprimorado, com a inclusão de previsão de detonação, de emissão de hidrocarbonetos, do cálculo da potencia de atrito, assim como a inclusão do dispositivo do mecanismo de taxa de compressão variável, entre outras alterações. Uma parte experimental foi também realizada, como o objetivo de validar os resultados do modelo teórico e de quantificar os benefícios proporcionados pelo mecanismo em questão. Para tal um motor de pesquisa de combustível – motor CFR – foi utilizado. Uma comparação dos resultados teóricos e experimentais obtidos no presente trabalho com os de outros pesquisadores é também apresentada.
The present work is concerned with a theoretical and expererimental study of variable compression ratio spark ignition internal combustion engines. A theoretical analysis of the engine, operating with a mechanism allows for variable compression ratio, is carried out. For that a simulation program is utilized. In the present work the simulation model was updated with the inclusion of friction, knocking and hidrocarbon emission models, among other things. An experimental work was also carried out, with a CFR engine. The objective was a wo-fold to validade the results of the theoretical model and to assens the benefits of running an engine with variable compression ratio. A comparison is also made between the rrsults of the present work and those from other authors.
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Choi, Byungcho. "Large signal transient analysis of duty ratio controlled DC-to-DC converter." Thesis, Virginia Tech, 1988. http://hdl.handle.net/10919/43966.
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The large-signal transient response of duty ratio controlled dc-to-dc converters is investigated using the phase-plane technique. The transition pattern of large-signal trajectories is provided in terms of the circuit parameter and operating conditions. Several transient trajectories of practical interest including start-up, step input voltage change and step-load change are analyzed. The effect of large-signal characteristics of the feedback controller on the transient trajectory is presented.Master of Science
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Buddy, Nancy J. "Analyzing the Financial Condition of Higher Education Institutions Using Financial Ratio Analysis." Thesis, University of North Texas, 1999. https://digital.library.unt.edu/ark:/67531/metadc2194/.
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The problem concerned the financial indicators used to evaluate the financial condition of the six sister higher education institutions under the authority of the Board of Regents of Oklahoma Colleges. The purposes were to determine the financial ratios that best indicate financial condition; to calculate those financial ratios for the six designated Oklahoma higher education institutions; and to evaluate and compare the financial condition of the six institutions. This study attempted to further the use of financial ratio analysis as an objective addition to subjective studies that examine an institution's definition of its mission, objectives, and goals and its own assessment of the degree to which its resources allow it to attain those goals. The data were obtained from the Integrated Postsecondary Education Data System; the financial reports were audited by independent certified public accountants and presented to the Board of Regents of Oklahoma Colleges; and John Minter Associates, Inc., provided the national norms. The set of financial ratios identified provides a means to study a single higher education institution through trend analysis and in comparison to national norms. It also works well with a sample of homogeneous institutions with interinstitutional comparison. The techniques are intended to provide a general profile of an institutions financial health. Cause-and-effect ratio analysis has been proposed as another technique to aid administrators in determining changes in their financial statements and what may have caused them. The study identified a set of financial ratios that summarize the financial condition of a higher education institution. The ratios helped to analyze the financial solvency and viability of the six Oklahoma higher education institutions and focused on the ability of the institutions to meet current and future financial requirements. The importance of financial statement analysis should not be underestimated. The understandable format of financial ratios allows virtually any stakeholder to acquire a basic comprehension of the most critical financial policies of institutions and their financial condition.
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Mutakwa, Darlington. "Analysis of the projected parity progression ratio method using two successive censuses." Master's thesis, University of Cape Town, 2013. http://hdl.handle.net/11427/5892.
Full textAbstract:
Includes abstract.Includes bibliographical references.
The objective of this study is to assess how well the projected parity progression ratio method works when applied to two successive censuses or Demographic Health Surveys. Four countries, namely Malawi, Zimbabwe, Cambodia and Panama, each with two recent censuses which are ten years apart, are used. Each of the census and survey used is taken through a data quality assessment process to check for inconsistencies. Using age-order specific fertility rates derived from births in the past year, parity progression ratios are projected to the next census.
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ISLAM, MD JAHERUL. "Performance Analysis of Diversity Techniques for Wireless Communication System." Thesis, Blekinge Tekniska Högskola, Sektionen för datavetenskap och kommunikation, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-1962.
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Different diversity techniques such as Maximal-Ratio Combining (MRC), Equal-Gain Combining (EGC) and Selection Combining (SC) are described and analyzed. Two branches (N=2) diversity systems that are used for pre-detection combining have been investigated and computed. The statistics of carrier to noise ratio (CNR) and carrier to interference ratio (CIR) without diversity assuming Rayleigh fading model have been examined and then measured for diversity systems. The probability of error (p_e) vs CNR and (p_e) versus CIR have also been obtained. The fading dynamic range of the instantaneous CNR and CIR is reduced remarkably when diversity systems are used [1]. For a certain average probability of error, a higher valued average CNR and CIR is in need for non-diversity systems [1]. But a smaller valued of CNR and CIR are compared to diversity systems. The overall conclusion is that maximal-ratio combining (MRC) achieves the best performance improvement compared to other combining methods. Diversity techniques are very useful to improve the performance of high speed wireless channel to transmit data and information. The problems which considered in this thesis are not new but I have tried to organize, prove and analyze in new ways.
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Balkovič, Miroslav. "Hodnocení finanční situace podniku a návrhy na její zlepšení." Master's thesis, Vysoké učení technické v Brně. Fakulta podnikatelská, 2010. http://www.nusl.cz/ntk/nusl-222518.
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The thesis assesses the financial and economic situation of the company Balky, s. r.o. based on selected methods of financial analysis. For financial analysis, business data is used from the period 2007 - 2009. It includes proposals of solutions to improve the current financial situation.
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Chang, Chu-Yu, and 張筑聿. "HLA match ratio prediction analysis." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/32967313327983857163.
Full textAbstract:
碩士國立東華大學
資訊工程學系
99
With Dharma Master Cheng Yen’s compassionate conviction, Buddhist Tzu Chi Stem Cells Center (BTCSCC) was established to give hope to the patients suffering from blood disease. There are approximately 150 search requests from patients every month. It is prioritize aspect of BTCSCC to develop the highest efficiency of the matching database. In the database of BTCSCC, it contains both low and high resolution HLA typing. When the donor search result listed with only intermediate or low resolution HLA typing, it requires more time for the transplant center to search suitable donors. In such circumstance, it not only causes financial strain on patient’s family, but also lengthens the recipient’s waiting time. The study is expected to provide the possibility results of HLA matching to transplant centers by analyzing the HLA typing from blood-drive and CT reports, hoping it may be helpful to reduce searching time and money costs. As we analyzing the current use of database, we have learned that transplant centers prefer to request donors with high resolution HLA typing which also means this kind of potential donors have much higher rate to be used. Therefore, the study is expected to promote the using rate of other potential donors. The study has collected a total 347 completed transplant cases for analysis. Not only using Naïve Bayesian Classification (NBC) and transmitting laplace correction for prediction, but also adding professional effectiveness to change the NBC method. It has shown that the prediction using professional effectiveness method has the best result with 81%. The prediction has 76% by using only NBC method. And the predicting result of NBC with transmitting Laplace correction method has the worst score of 72%. The reason that it does not have the best result of NBC and Laplace correction predicting method is because when the HLA typing does not show on the training data, the prediction will be inaccurate in the entire study. As for the not-predicted cases, some of the transplant centers chose other donors for not-HLA typing reasons, some of the cases may be able to find more suitable donors through the predicting method, and others were unable to find matched donors. Therefore, these cases would not be included in the study due to the invaluable predicting results.
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Chen, Yu-Ta, and 陳育達. "Measurement Uncertainty Analysis of California Bearing Ratio." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/70541715697633384373.
Full textAbstract:
碩士逢甲大學
土木及水利工程所
92
This paper is studying about the linear mode and non-linear mode measurement uncertainty analysis.And use California Bearing Ratio teset as an example to study the measurement uncertainty analysis.The measurement uncertainty analysis is in accordance with Guide to the Expression of Uncertainty in Measurement ; a internatonal identification method to proceed. In order to avoid using the total random effects to assess the all input random effects,so in the test course we repeat 5 order test to study the all input random effects.In assessing the measurement uncertainty analysis of California Bearing Ratio teset course,we use the regression curve method.And combine the measurement uncertainty analysis theorem to study the measurement uncertainty of California Bearing Ratio teset.In this study is leaving each other from documents confering;measure modes; measurement uncertainty analysis modes;estimate modes building and estimate effect to study.And let a laboratory measurer to study the measurement uncertainty analysis of California Bearing Ratio teset and other test can be an example according this paper.In this paper,we also ues the Microsoft Excel to simplify the complicated formula computing,and list the compute course and result.Simplifing the complicated formula computing and analysis let it is more easy to study the measurement uncertainty analysis
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Chang, Tso-Chang, and 張祚昌. "Analysis of low-compression ratio peristaltic micropump." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/85276085218715668485.
Full textAbstract:
碩士國立交通大學
機械工程系所
97
A double and triple chambers low-compression ratio peristaltic micropump is presented in this thesis. The compression ratio is almost 0.00706. We calculate the net flow rate of micropump with different peristaltic motion and different back pressures. Furthermore, the flow of micropump is also analyzed by using lump system. The unsteady model is capable of predicting the pressure and flow rate of micropump inside. By the simulation result, the peristaltic motion of reverse three-phase achieved a maximum flow rate. Besides, the micropump can sustain maximum backpressure when increase the chambers of micropump.
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Pradhan, Arundhati. "Damping Of Bolted Beams With Unequal Thickness Ratio." Thesis, 2012. http://ethesis.nitrkl.ac.in/4552/1/Arundhati_Thesis_-_610ME301.pdf.
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Rapid development of structural members requiring high damping possesses a big challenge to the designers. An extensive study on the dynamic behaviour of these structures is required in order to assess their damping capacity. This study further helps the designers to know the parameters affecting the dynamic characteristics of these members. Improvement of damping capacity is one of the vital characteristics for these structures. Usually, the structural members have inherently low damping capacity. The damping capacity of a structural member can be enhanced using various techniques such as; inserting visco-elastic layers in between two layers, manufacturing sandwich structures and layered jointed structures. The jointed
structures usually provide adequate damping due to micro-slip and friction at the interfaces. Jointed structures are manufactured with the help of fasteners such as bolts,
rivets or welds. The bolted structure gives maximum damping compared to the other fasteners. The main source of damping in bolted structures is the energy loss due to friction and micro-slip at the interface of two layers. The damping capacity of the jointed structures mainly depends upon a number of parameters; length of the beam, thickness ratio, tightening torque on the bolt, and number of layers etc. When a dynamic load is applied on a bolted layered beam, it
vibrates with some amplitude of excitation at a particular frequency of vibration and the damping in this type of structure is achieved by the energy dissipation. It is
established that 90% of energy dissipation in jointed structure takes place due to micro-slip at the interfaces.
In the present work energy approach has been used to evaluate the damping capacity of structures. Euler-Bernoulli beam theory has been applied as the dimensions of the test specimens satisfy the criterion of thin beam theory. A theoretical equation has been derived to evaluate the damping capacity of the jointed cantilever structures. An
experimental set-up has been developed and experiments are conducted with a large number of specimens under different vibrating conditions to authenticate the theory developed. The logarithmic decrement technique has been used for measuring the damping capacity of the structures with the help of a digital storage oscilloscope. The experimental results are compared with the corresponding theoretical ones and useful conclusions have been drawn from both the results accordingly.
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Chen, Hung-Chih, and 陳泓智. "Price–earning ratio and Price-book ratio analysis of China''s listed banks." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/91111707381321534751.
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JONES, Fabia G. "An analysis of recent trends in corporate sector gearing ratios using company accounts data from the Bach data bank." Doctoral thesis, 1993. http://hdl.handle.net/1814/4969.
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Wang, Yane-Shih, and 王彥士. "Intramolecular Stable Carbon Isotope Ratio Analysis of Propane." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/00199619469619426802.
Full textAbstract:
碩士國立成功大學
化學系
89
The method in the propane analysis of intramolecular stable carbon isotope ratio has been developmented. Using propane tracer, synthesized from commercial isopropane, reacts with sMMO (souble methane monooxygenase) and pMMO (particule methane monooxygenase) to generate isopropano. Than, degrade isopropanol by chemical cleavage that no carbon isotope effect proved by Huang et al. (1999). The d13C value of products, ethanol, display the evidence that propane hydroxylation by sMMO or pMMO is no carbon isotope effect. M. Capsulatus (Bath) fermented by semi-continuous flow method could harvest high density (7-10 g/L) and good quality sMMO cell. After copper ion (Cu (II)) regulation, pMMO will be expressed. sMMO and pMMO also can extract by semi-purified method. Propane tracer oxidated by MMO and downgraded by chemical cleavage. After GC-C-IRMS (Gas Chromatography-Combustion- Isotope Ratio Mass) detection and calculation, the d13CEtoH and D (d13CMe - d13Cco) are sMMO extract (d13CEtOH = -27.61±0.41‰ , 4.46±1.88‰)、pMMO extract (-27.13±0.31‰ , 1.58±1.45‰) and sMMO cell (-27.20‰±0.10‰ , 1.98±0.62‰), compare to tracer (-27.20±0.10‰ , 1.98±0.62‰), it shows that there is no carbon isotope effect during propane hydroxylation by sMMO and pMMO。
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YehLiu, Chiang, and 葉劉檣. "Analysis of Blocking Ratio by Soil Molecule Aggregate." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/04014436523563092230.
Full textAbstract:
碩士中原大學
土木工程研究所
96
The article treats relation between coefficient of permeability of sand and blocking magnitude, by permeameter obtains coefficient of permeability of sand, porosity, blocking magnitude and so on, differentiates theory method and actual value to compare blocking magnitude, and corrects theory method in order to accord with actual condition. The permeameter uses normal sand, compound sand, live sand to do pure water permeameter and cloudy water permeameter. First, separates nine layer from experimental sand to do pure water permeameter, measures flow of every time and different water of every layer, then uses the Darcy's law deduce coefficient of permeability of every layer, follow emptying molecule sand of pass two hundred number normal sieve to experimental device does cloudy water permeameter, measures change of flow of every time and different water of every layer,then deduces coefficient of permeability of every time and every layer, the result of cloudy water permeameter shows, the coefficient of permeability of normal sand is maximum, compound sand is second, live sand is least, and change of flow is opposite. From the change of different water of cloudy water permeameter knows, stratosphere different water is large greater than other layer, show blocking condition exists in stratosphere, then computes blocking magnitude, differentiate theory approximate method and actual observation method gets blocking magnitude. Before using theory method, needs to correct particle size distribution, because enter molecule sand of pass two hundred number normal sieve changes original particle size distribution, so needs to correct particle size distribution once again. After compares theory approximate value and actual observation value, obtains difference of them. The result shows, the theory approximate value and actual observation value of normal sand is close, compound sand is second, live sand is large difference. The normal sand differentiates 2.49 times, the compound sand differentiates 8.08 times, the live sand differentiates 8.30 times.
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Huang, Shu-Hui, and 黃淑惠. "The Financial Ratio Analysis of Commercial Banks after Merger." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/trnp36.
Full textAbstract:
碩士世新大學
經濟學研究所(含碩專班)
96
This paper discussed the motivation and process of commercial banks merger,and used the financial analysis to evaluate the performance of merge. After checking the empirical study of merge of banks and the related cases of domestic banks, we picked the merge between Taipei Bank and Fubon Bank as a study case, we compared some important financial ratios before and after the merger of Taipei Bank and Fubon Bank, and we also review other cases to make relative comparison. In the beginning, this paper reviewed related laws and regulations governing merge of financial institution, and reviewed some theories and reports about the motivation, purpose, and possible problems of merger and acquisition. From the business point of view, this paper also reviews some merger strategies and possible benefits. For doing a case study, we try to evaluate the merger benefit of Taipei Bank and Fubon Bank. Before merger, Taipei Bank was a qualified commercial bank with sound assets structure, good earning ability, and was enjoying quality and large number of customers. Fubon Bank was based on Fubon Property Insurance, it had established marketing channel and was a most completed financial holding group in Taiwan. From the financial ratio analysis, we found that, the merge of Taipei Bank and Fubon Bank actually possessed the great complementary benefits, and their market would be wider and farther. Though the analysis of financial ratio could give us some hints of the performance of a merger, the key point still depends highly on the management philosophy of the bank. It would not do good jobs if it plays just like a copy machine of the mode of merges of other financial holding. And, creating own brand name and unique favorable channel are the main keys to make the merge advantageous.
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Chang, Yi-Hsuan, and 張沂瑄. "Sample size algorithm for incremental cost-effectiveness ratio analysis." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/d6g4f5.
Full textAbstract:
碩士中原大學
應用數學研究所
102
The biggest challenge of National Health Insurance (NHI) in Taiwan is to maintain the financial balance and provide good quality of medical service because it has to pay necessary remuneration to medical institutions, but only collect limited inexpensive insurance premium. The financial status of NHI becomes a concern because its medical budget is increasing year by year due to some inevitable factors, such as the aging population, expensive medical research and development and global economic recession. Simply speaking, the premium income is also far less than medical costs. However, raising premium benchmark or drug payment adjustment will result in some criticism from the public. Therefore, it is crucial to avoid unnecessary medical waste and reallocate the limited medical resources appropriately. This dissertation studies the calculation of sample size in the drug treatment that can be utilized in the real world to avoid excessive waste of resources and reduce the medical cost in terms of Cost-Effectiveness Analysis, Incremental Cost-effectiveness Ratio Analysis (ICER) and Incremental Net Benefit (INB). Keywords: Cost-Effectiveness Analysis, Incremental Cost-effectiveness Ratio Analysis, Incremental Net Benefit, significant level, power, confidence interval, sample size.
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孫盈盈. "Mortgage Rent Ratio Analysis- Areas in Taipei and Yila." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/53u35j.
Full textAbstract:
碩士佛光大學
管理學系
104
Food, clothing, housing, and transportation are the indispensable in lives. For house buyers and for tenants, if upon considering down payment on neither of the above options, in the same condition, factors affecting the pressure of financial burden of housing mortgage and that of rents, and conditions people select one of them for a more beneficial outcome, are the discussions to be made in this research. Therefore, the subjects of this research are Taipei City and Yilan County from 2008 to 2014, designating the ratio of monthly housing mortgage to monthly rent, (onthly Mortgage/Monthly Rent, aka. MRR) as a dependent variable, which were both shown as positive through data, representing the mortgage had positive correlation to the rent, and designating the following 9 items as independent variables: GDP per capita (GDP), Deposable Income (DI), Consumer Price Index (CPI), Deposit Ration (DR), loan-to-value ratio (LTR), Prices Income Ratio(PIR), Housing Debt Rates (HDR), Sinyi Realty Index(SRI) and Government Preferential Subsidy (GPS) to discuss the question above through the stepwise regression model. The research finds that the average MRR in Taipei City and Yilan County are respectively 8.17 and 5.29, and through t test on samples, it is found that the average MRR of Taipei City is significantly different from that of Yilin county; moreover, through the stepwise regression analysis, in Taipei City, MRR has significant negative correlation to DR and SRI; CPI has significant positive correlation to PIR, and the rest independent variables have no significant correlations. Attending GPS has significant negative correlation to SRI, and the rest independent variables have no significant correlations; on the contrary, in Yilan County, MRR has significant positive correlation to CPI, and the rest independent variables has no significant correlations. Attending GPS has significant negative correlation to PIR, and the rest independent variables have no significant correlations
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Li, Yu-Cheng, and 黎育誠. "An Analysis of the Financial Ratio in Construction Industry." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/63j45n.
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碩士中原大學
會計研究所
104
There is a great difference in the quality of financial statements between large construction firms and small construction companies, due to their construction development and financial planning considerations, and different financial needs and funding sources. The study explores the relevant financial ratios for Taiwan listed construction firms and small construction company''s financial operating performance during the 2010-2014. The results show that small companies should be well improved their funding, planning and development projects to enhance their financial structure and profitability.
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Lin, Chen-Hung, and 林均衡. "Intramolecular Stable Carbon Isotope Ratio Analysis of n-Octane." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/99652786335366270582.
Full textAbstract:
碩士國立成功大學
化學系
89
A method of analysis of the intramolecular carbon stable isotope ratio in n-octane has been developed by utilizing a series of chemical degradation reactions. Such as Bromination、Hydroxylation、Tosylaion、Detosylation、Ozonization and Iodoform reaction.
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Yang, Jun-jie, and 楊俊傑. "Coverage Ratio and Forming Analysis of the Vascular Stents." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/79680995973193776924.
Full textAbstract:
碩士國立高雄應用科技大學
模具工程系碩士班
101
Cardiovascular disease is one of common sickness and a serious threat to all mankind life. However, the Vascular stent surgery is one of common ways to use the treatment for vascular obstruction. Therefore, the application of computer technology combined with the finite element method to the stent design and study process are indispensable tools. There is no comprehensive and effective way to the planar stent design and simulation so far. Therefore, deformation simulations of the planar stent are investigated in the thesis. It has been shown that stent expansion to the target size of the maximum equivalent stress is less than the maximum tensile strength. It is still within the safe range based on von Mises theory. In order to enhance the function of plane stent, this study designs a new plane stent in order to enhance radial strength and the ability of expansion. The results show that, the expansion rate improved from 38 % to 60%. Metal coverage rate is improved from 18.7% to 31.1%. The metal coverage ratio is a key factor of radial strength.
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Wang, Rui-hung, and 王瑞宏. "STR Analysis of Stock Dividend-Price Ratio and Returns." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/12555112663626429937.
Full textAbstract:
碩士國立高雄大學
經濟管理研究所
95
Most of the prior studies used the linear present value (PV) model to estimate the relationship between stock dividend-price ratio and returns. However, the linear PV model is based on the assumption of constant expected stock returns and fixed discount rate that contradicts the empirical evidence discussed in Campbell, Lo, and MacKinlay (CLM, 1997) supporting the predictability and time-variation of expected stock returns. Therefore, we try to explore the more reliable relationship between dividend-price ratio and returns by utilizing the smooth transition regression (STR), a nonlinear econometrics model. Granger and Teräsvirta (1993) also added that most of the economic variables presenting nonlinear process, hence the linear PV model fails to explain the behavior of stock prices as a function of dividends. This study is based on the CLM model, and utilizes the STR estimation originated by Bacon and Watts (1971) and exalted later by Tong (1978, 1990), Granger, and Teräsvirta (1993) to examine the nonlinear relation between dividend-price ratio and stock returns, then to make comparison of the in-sample fitness and out-of-sample forecastability between our nonlinear STR model and CLM loglinear model. The empirical investigation interested are two developed economies, i.e., the US and Japan. The data span the period January 1978 to present using monthly data from Datastream.
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Wang, Shuniu. "An analysis of Taguchi's dynamic signal-to-noise ratio." 1992. http://catalog.hathitrust.org/api/volumes/oclc/31716028.html.
Full textAbstract:
Thesis (M.S.)--University of Wisconsin--Madison, 1992.Typescript. eContent provider-neutral record in process. Description based on print version record. Includes bibliographical references (leaves 64-66).