• The Journal of the Korea Contents Association
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• v.19 no.5
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• pp.280-286
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• 2019

This study first examines whether the matching principle reduces information asymmetry and verifies the effect on earnings sustainability and information asymmetry. In the presence of information asymmetry between managers and information users, managers can reduce information asymmetry by increasing the quality of earnings. Information asymmetry is measured by the financial analysts' earnings forecast variance. When we look at the results of previous studies, verify whether information asymmetry decreases as the response to the revenue cost increases and whether negative relationship between profit persistence and information asymmetry appears when the response to the revenue cost is high. As a result, firms with high revenue cost response showed a decrease in information asymmetry. The persistence of the earningss from the high earnings-cost response shows that the analysts' earnings forecast dispersion decreases. This means that the better the response to the revenue cost, the better the quality of the earnings and the less the information risk about the uncertainty of the enterprise. This study is different from the previous studies in that it analyzed whether the persistence of the earnings that responded to the high revenue cost reduces the information asymmetry. The results of this study suggest that managers can reduce the information asymmetry by carrying out appropriate revenue - cost responses, which provides important implications for stakeholders who use accounting earnings information.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.6
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• pp.483-488
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• 2019

This study first examines whether the high matching principle reduces the cost of equity, and then examines the effect on discretionary accruals and capital cost. According to previous studies, the higher the response to revenue cost, the higher the earnings quality. The higher the quality of earnings, the lower the information risk, and the lower the information risk, the lower the capital cost of enterprise. Discretionary accruals can play two roles in opposing each other. One is that managers use the discretionary accruals to provide private information about the future of the corporation to the market, thus enhancing the usefulness of the earnings. The other is that managers can use the discretionary accruals opportunistically to distort earnings and provide misinformed information to investors, thus reducing the usefulness of earnings. The results of this study represents that the higher the responding to the revenue cost, the less the cost of equity. In the case of firms with high revenue response, we examine whether discretionary accruals reduce the cost of equity capital. As a result of the study, the higher the responding to the revenue cost, the lower the cost of equity capital. Companies with higher matching principle have been shown to reduce their capital costs by using discretionary accruals.

• Environmental and Resource Economics Review
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• v.22 no.2
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• pp.367-391
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• 2013

After the Fukushima nuclear accident, the external costs of generating electricity from nuclear power plants such as additional safety compliance costs and possible accident risk action costs have gained increasing attention from the public, policy-makers and politicians. Consequently, estimates of the external costs of nuclear power are very deliberate issue that is at the center of the controversy in Korea. In this paper, we try to calculate the external costs associated with the safety of the nuclear power plants, particularly focusing on additional safety compliance costs and possible accident risk action costs. To estimate the possible accident risk action costs, we adopt the damages expectation approach that is very similar way from the external cost calculation of Japanese government after the Fukushima accident. In addition, to estimate additional safety compliance costs, we apply the levelized cost of generation method. Furthermore, we perform the sensitivity analysis to examine how much these social costs increase the electricity price rate. Estimation results of the additional security measure cost is 0.53Won/kWh ~ 0.80Won/kWh depending on the capacity factor, giving little change on the nuclear power generation cost. The estimates of possible accident risk action costs could be in the wide range depending on the different damages of the nuclear power accident, probability of the severe nuclear power accident and the capacity factor. The preliminary results show that it is 0.0025Won/kWh ~ 26.4188Won/kWh. After including those two external costs on the generation cost of a nuclear power plant, increasing rate of electricity price is 0.001%~10.0563% under the capacity factor from 70% to 90%. This paper tries to examine the external costs of nuclear power plants, so as to include it into the generation cost and the electricity price. This paper suggests one of the methodologies that we might internalize the nuclear power generations' external cost, including it into the internal generation cost.

• Proceedings of the Korean Institute of Industrial Safety Conference
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• 2003.05a
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• pp.247-250
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• 2003

제조물책임(Product liability： PL)과 관련하여 소비자와의 분쟁이나 사고가 발생하였을 때 기업의 신속하고 체계적인 대응은 내부적으로 손실비용의 최소화와 외부적으로 기업 신뢰도에 영향을 미친다. 그러나, 많은 기업이 그러한 대응(Product liability： PLD)에 체계적인 관리체계를 갖고 있지 않아 문제가 확대되거나 기업으로 하여금 위기로 몰고 가 여러 가지 파생되는 리스크가 많다. 이것은 모두 기업의 손실비용으로 해석될 수 있는데, 우리나라의 기업들은 이 점을 올바로 인식하지 못하고 있어 임의적인 대응으로 일관하거나, 표준적인 매뉴얼조차 구비하지 못하고 있다.(중략)

• Journal of Radiation Protection and Research
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• v.23 no.4
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• pp.243-249
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• 1998

The methodology for justification and optimization of the countermeasures related with contamination management of milk was designed based on the cost and benefit analysis. The application results were discussed for the deposition on August 15, when pasture is fully developed in Korean agricultural conditions. A dynamic food chain model DYNACON was used to estimate the time-dependent radioactivity of milk after the deposition. The considered countermeasures are (1) the ban of milk consumption (2) the substitution of clean fodder, which are effective in reducing the ingestion dose as well as simple and easy to carry out in the first year after the deposition. The total costs of the countermeasures were quantitatively estimated in terms of cost equivalent of doses and monetary costs. It is obvious that a fast reaction after the deposition is an important factor in cost effectiveness of the countermeasures. In most cases, the substitution of clean fodder was more effective countermeasure than the ban of consumption. A fast reaction after the deposition made longer justifiable/optimal duration of the countermeasure.

• The Journal of Society for e-Business Studies
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• v.15 no.1
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• pp.89-101
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• 2010

In some industries, manufacturing firms' distinctive competences include not only product superiority but also service excellence. For example, in a highly volatile and dynamic market, flexibility and responsiveness are more valued than just the product cost. And sales order processing, in that respect is a very important process. However, previous studies on sale order processing have considered only due-date assignments or dealt with production scheduling to minimize production cost or delivery lead time. Due to recent advances in information technology, a new approach is possible in dealing with sales order processing. For example, RFID(Radio Frequency IDentification) and ubiquitous computing technology adds real time visibility and traceability to supply chain. In this study, we develop a new due-date re-negotiation process for sales order management and propose a new business integration model to support the re-negotiation process based on RFID, ubiquitous computing technology and RosettaNet's PIPs.

• Electronics and Telecommunications Trends
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• v.24 no.2
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• pp.120-130
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• 2009

일본은 유선 통화량 감소에 대응한 유선 접속료의 급격한 인상을 막기 위해 NTS 성격에 해당 비용을 5년에 걸쳐 단계적으로 접속원가에서 제외하여 기본료로 회수하도록 한 2004년의 결정을 수정하여 RT-GC 구간 전송로에 해당되는 NTS 비용을 다시 5년에 걸쳐 단계적으로 접속원가에 포함하기로 하였다. 이것은 기본료 부문에서의 경쟁이 도입된 상황을 고려했을 때 개정된 보편적 서비스 제도에서 고비용 지역 원가의 상당부분을 차지하고 있는 RT-GC 구간 전송로 비용이 회수되지 못하게 된 점을 고려한 것이다 이에 따라 NTS 비용으로 분류된 RT-GC 전송로 비용은 보편적 서비스 제도에서 문제된 관련 비용이 회수될 수 있도록 개선되기 전까지 접속료를 통해 회수되게 되었다. 중요한 것은 해당 비용이 실태에 맞게 최소한의 것에 한정되도록 하기 위해 접속원가에 포함되는 RT-GC 전송로 비용은 실제의 네트워크에 있어서 RT 설치국인 국사의 전송로 비용에 한정되도록 하고 있다는 것이다. 이와 같은 일본의 접근은 NTS 비용을 접속원가에서 제외한다는 원칙은 그대로 유지된 상황에서 보편적 서비스 제도 개선과정에서 발생되는 한시적 조치로서 고려되는 것이며, 이용자 부담을 완화한다는 원칙에 기초하고 있다.

• Environmental and Resource Economics Review
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• v.17 no.4
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• pp.719-749
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• 2008

Using the cost-risk portfolio approach, this study suggests a fiscal budgeting model that provide a measure to allocate fiscal budget among the strategies responding to oil crisis. In addition, it calculates the appropriate fiscal distribution among policy measures for the 2000 to 2006 fiscal years. According to the empirical results, a certain amount of budget should be allocated to the option using futures markets. The strategic stockpiling option turns out be hard to be included in the policy portfolio due to its costs much higher that the other options. Oil well development option should take more than half of total budget since its expenses are assumed to be relatively low.

• Nuclear industry
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• v.17 no.3 s.169
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• pp.73-82
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• 1997

모든 원전 사업자들은 원전을 운영함에 있어서 많은 도전에 직면해 있다. 그 중 비용의 절감, 특히 운전 및 정비 비용의 절감은 그 대응의 필수 요소이다. 세계의 여러 원전 운영자들은 원전의 운영 비용을 절감하기 위해 각종 정보를 교환하면서 좋은 방안을 공유하고자 한다. 그 현황을 알아본다.

• Proceedings of the Korean Information Science Society Conference
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• 2012.06b
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• pp.40-42
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• 2012

효율적인 재난관리를 위해서는 재난발생시 신속하고 적절한 대응 및 과학적 원인분석을 통한 재발방지, 재난관리에 소요되는 비용을 최소화하기 위한 노력 등이 필요하다. 재난관리단계별로 분석기반의 선제적 예방, 재난 대비능력 강화, 대응기술의 개발 등을 통해 과학적 재난 원인규명이 가능하고 재해복구에 드는 비용을 줄일 수 있다. 이미 해외 주요 국가들은 융합기술 기반의 선제적 재난 예측 대응 기술 개발과 재난관리비용 절감을 위한 재난관리전략을 수립하여 추진 중에 있다. 이에 본 연구에서는 과거 재난발생 이력을 기반으로 재난관리단계별 조사항목 및 업무절차를 체계화하고 최신과학기술을 적용하여 정보수집 및 재난원인분석을 지원하는 재난관리체계의 고도화 방안을 제안하고자 한다.