Engineering Valuation Based on Small Samples

• 영문명: Engineering Valuation Based on Small Samples
• 발행기관: 한국산업경영시스템학회
• 저자명: Jin-Hyung Cho Sae-Jae Lee Bo-Chul Seo
• 간행물 정보: 『산업경영시스템학회지』제29권 제1호, 143~150쪽, 전체 8쪽
• 주제분류: 공학 > 산업공학
• 파일형태: PDF
• 발행일자: 2006.03.01

영문 초록

  Box-Cox model and T-factor method have been widely used to measure economic depreciations for industrial property. The Box-Cox model which combines economic efficiency with depreciation pattern is here extended to the reliability function. To do so a Rayleigh distribution which has been used to estimate the reliability of current assets was chosen as an efficiency curve of marginal productivity. Such an approach provides the possibility to classify the efficiency curves into four categories. It is also possible to analyze the types of depreciation curves. Therefore, the power family of a non-linear Box-Cox model could be set at certain constant values, then the model can be transformed into a linear model to estimate the economic depreciation rates by utilizing the reliability function. Estimating the resultant linear regression equation requires minimal number of observations, while at the same time facilitating the test of hypothesis on depreciation rates.

목차

Abstract
1. Introduction
2. Control Chart and Correlation
3. Suggested Model
4. A Sample Study
5. Conclusion
References

키워드

Assets valuation depreciation rates depreciation period IOWA curves