서지주요정보
聯立方程式을 利用한 財務計劃 및 分析模型 = A model for financial planning and analysis using simultaneous equations
서명 / 저자 聯立方程式을 利用한 財務計劃 및 分析模型 = A model for financial planning and analysis using simultaneous equations / 權寧植.
저자명 권영식 ; Kwon, Young-Sik
발행사항 [서울 : 한국과학기술원, 1981].
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4001189

소장위치/청구기호

학술문화관(문화관) 보존서고

MMGS 8105

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The purpose of this study is to develop a long range financial planning model and to demonstrate its applicability for corporations. The model is aimed at reflecting the changes of the internal and external financial events of firms including new developments in strategies and environments. The main framework of model is a system of simultaneous equations incorporating the possible interrelationships among various financial decision variables, which was originally suggested by Francis and Rowell. The model consists of 10 sectors : (1) Industry Sales Forecast Sector (2) Production-Marketing Sector (3) Asset Estimation Sector (4) Production Cost Estimation Sector (5) Operating Income Estimation Sector (6) Financing Sector (7) Risk Sector (8) Cost of Capital Sector (9) Sensitivity Analysis-Indifference Curve Analysis Sector (10) Financial Ratio Analysis Sector The actual application of the model in two Korean firms has revealed that the forecasting error depends highly on the estimate of Sales and Earnings before Interest-Taxes. Therefore, the model has confirmed its applicability, predictability and the explanatory power of financial systems, provided that one can obtain the accurate estimate of those two financial factors. At the same time, it is noteworthy taht the usefulness of model is not totally dependent on the accuracy of forecast in Sales and Earnings Before Interests- Taxes. That is, regardless of their accuracy, the "What-if" type of sensitivity analysis may provide decision-makers with each possible financial outcomes by varying the level of exogenous variables of the model, including corporate sales and other relevant financial informations as well.

서지기타정보

서지기타정보
청구기호 {MMGS 8105
형태사항 ii, 114 p. : 삽도 ; 26 cm
언어 한국어
일반주기 부록 수록
저자명의 영문표기 : Young-Sik Kwon
지도교수의 한글표기 : 차동완
지도교수의 영문표기 : Dong-Wan Tcha
학위논문 학위논문(석사) - 한국과학기술원 : 경영과학과,
서지주기 참고문헌 : p. 74-79
주제 Finance.
재무 분석. --과학기술용어시소러스
연립 방정식. --과학기술용어시소러스
Equations (Simultaneous)
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