• The Korean Journal of Financial Management
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• v.14 no.1
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• pp.219-247
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• 1997

우리나라에서는 그 동안 유상증자(有償增資)시 주주배정(株主配定)(right offer)방식에 의하고 기업공개시의 발행가격도 일률적으로 산정(算定)되어 증권인수(證券引受)에 따른 인수기관(引受機關)(underwriter)의 역할이 제한되어 왔으나 앞으로는 증권발행방식이 다양화되어 발행가격의 결정을 포함한 인수기관의 역할이 강조될 것이다. 대부분 총액인수(總額引受)(firm commitment underwriting)방식을 택하는 미국자본시장에서 인수기관을 선정하고 발행조건들을 결정하는 방법에는 투자은행과의 협의(協議)(negotiation)에 의하는 방식과 비공개경쟁입찰(非公開競爭入札)(sealed bidding)에 의하는 방식이 있는데 많은 기업들은 상대적으로 비용이 많이 드는 협의발행을 선택한다. 본 연구에서는 이에 대한 가설들을 뉴욕증권거래소나 아메리칸증권거래소에서 거래되는 공익기업의 신주발행자료를 통해 실증 검정했다. 인수 스프레드(underwriting spread)는 발행금액에 관계없이 협의발행(協議發行)이 경쟁발행(競爭發行)보다 평균적으로 1.16% 높았으며 발행비용(發行費用)도 협의발행이 유의적인 수준에서 0.341% 정도 높았다. 비대칭정보하에서 신호균형(信號均衡)(signaling equilibrium)으로 설명할 수 없지만 협의발행에 의한 통합균형(統合均衡)(pooling equilibrium)의 가능성은 배제하지 못했다. 주식발행 발표일(發表日)(announcement date)을 전후해 인수방식에 따른 주가변동의 차이를 분석한 결과 대리인가설(代理人假說)은 부분적으로 지지했다. 발행일(發行日)(offering date)을 전후한 주가변동에 의하면 인수기관의 사전매각노력(事前賣却努力)이 협의발행하에서 더 높았으나 발행일 직후의 주가회복은 보이지 않아 인수방식에 따른 가격안정화(價格安定化) 노력의 차이는 없었다. 발행기업들간의 주가차별화의 정도를 분석한 결과 협의발행에서 인회활동(認淮活動) (certification effects)을 더 잘 할 수 있다는 사실을 지지하지 못했다.

• Journal of the Korea Institute of Building Construction
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• v.10 no.6
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• pp.109-116
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• 2010

A construction project consists of many types of contracts. In the process of selecting the successful contractor after bidding, there will inevitably be fierce competition, which may lead to corruption or bribery. Even after signing the contract, during the period of settling the amount of the contract, bribery could occur. Such corruption could harm the development of the construction industry. It is, therefore, necessary to establish a strategy to prevent corruption by strengthening the transparency of the bidding process. In this study, to prevent corruption in the construction industry, a new service is proposed in which the successful bidder is selected by a professional third party, and the introduction of diverse delivery systems for construction projects and the invigoration of alternative methods of settling disputes are also proposed in this study.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.580-584
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• 2007

The purpose of this study is to analyze managemental problems that were made by cooperator and to offer improvable plan for small and medium construction company. The adapted research method a case study three small and medium contractors and investigate the managemental operation of cooperator and rating standard. Also analyze problem of the rating standard and managemental state of the cooperator and offer improvable plan. The results of this research are as follows. 1)Applying open bid system for supplying low price subcontract for practical rule. 2) Applying rating ratio of subcontract that is followed by receiving status, constructing ability, and selling scale of small and medium construction company for improving working of cooperator.

• Journal of the Korea Institute of Building Construction
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• v.15 no.1
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• pp.89-97
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• 2015

In bidding processes conducted by government agencies, local governments or public agencies, budget prices are critical to both ordering bodies and bidders since budget prices are bases for selecting a successful bidder. Since a high budget price goes against ordering bodies and a low one goes against bidders, most ordering bodies adopt a system using multiple preliminary prices for determining a budget price to ensure fair and transparent manners. Discussed are how budget prices change depending on the methods of sampling 15 preliminary prices and the methods of sampling 4 out of 15 prices. Computer simulation is conducted to analyze budget prices for various methods to determine multiple preliminary prices. It is more likely for budget prices to be close to base prices when splitting a range of generating preliminary prices into 15 intervals and taking 4 preliminary prices from 15 intervals than when taking 4 preliminary prices from a whole range. In cases when splitting a range of generating preliminary prices, if we take 2 preliminary prices out of intervals above 100% and take 2 out of intervals below 100%, the expected budget prices are equal to a base price and the standard deviations are about half in comparison with those when taking 4 out of 15 intervals.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.390-395
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• 2006

Recently, construction industry demands have been changed by domestic construction circumstances such as high-technology, mega-projects, and the complexity of construction. In order to deal with the change of such a domestic construction circumstances, the Ministry of Construction and Transportation (MOCT) has introduced advanced delivery methods (i..e, CM, DB, etc.). However, the advantages and disadvantages of the advanced delivery methods have not been effectively applied for previous projects. The reason for this is that the "Reviewing Standard for the Large-scale Construction Bidding Method" has not reflected enough project characteristics when the delivery method is selected in the project planning phase. Therefore, this paper proposes the model for selecting criteria of delivery method based on project characteristics in the Multi-housing projects.

• KDI Journal of Economic Policy
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• v.33 no.4
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• pp.143-177
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• 2011

Upon selecting preferred bidder in Public-Private Partnership projects, multi-dimensional procurement auction, where price factor and non-price factor are evaluated, is used. This paper tries to analyze bidding data in BTO road projects. It is shown that a winner tends to get higher score in bidding evaluation, which is partly due to increase in base score as well as fiercer competition among bidders. It turns out that score margin in non-price factor was determinant in selecting winner. Also, there was no competition when the level of bonus point was set too high. For price factor, it costs 730 million KRW per score in construction subsidy by government, while it costs 2.43 billion KRW per score in toll revenue. For non-price factor, it was estimated to cost 2.30 billion KRW. Based on the results, it was suggested that we should have appropriate level of bonus point for first initiator, change in scoring rule in construction subsidy part, adjustment of base score in evaluation.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.296-299
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• 2002

Construction Management tends to create a formal procurement resulted from recent legislative procedures system in domestic construction industry. However, the fact that construction Manager(CMr) has been chosen, in practice, under a poor circumstance in selecting and discriminating specialty requires the more optimal procedures. Therefore, in this research, we analyze the existing shortcomings. the various procedures, influence factors, and the criteria to be considered in selecting and evaluating CMr. Also. this study suggests the improved method based on the facts above. To accomplish the construction project successfully, it is one of the advanced schemes to choose an adequate CMr needed to the project through the precision in the formation and application of the procedure as well as the suggested criterion in selecting CM.

• Korean Journal of Construction Engineering and Management
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• v.9 no.3
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• pp.75-84
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• 2008

Recently, construction industry demands have been changed by domestic construction circumstances such as high-technology, mega-projects, and the complexity of construction. In order to deal with the change of such a domestic construction circumstances, the Ministry of Construction and Transportation (MOCT) has introduced advanced delivery methods. However, the advantages and disadvantages of the advanced delivery methods have not been effectively applied for previous projects. The reason for this is that the "Reviewing Standard for the Large-scale Construction Bidding Method" has not reflected enough prcject characteristics when the delivery method is selected in the project planning phase. Therefore, this paper proposes the Analysis on the Impact Factors of Delivery Method for Multi-Family Housing Projects.

• The Proceeding of the Korean Institute of Electromagnetic Engineering and Science
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• v.19 no.2
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• pp.3-15
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• 2008

주파수는 무선 통신 및 방송 등 무선 서비스 제공에 필수적인 매개체로서, 국가에 의해 관리되는 자원이다. 이동 통신을 중심으로 무선 서비스가 지속적으로 발전하고 경제에 미치는 효과가 커짐에 따라 주파수에 대한 수요가 급증하면서 경제적으로 희소성을 띄게 되었다. 이에 흔신 관리에 치중했던 기존의 전파 관리 체계에서 점점 경제적 가치를 고려한 시장 기반의 전파 관리 체계로의 전환에 대한 관심이 높아지고 있다. 시장 기반의 전파 관리 체계에서 주파수 이용자를 선정하는 할당 방식으로 많이 이용되고 있는 것이 주파수 경매제(auction)이다. 주파수 경매제는 주파수 수요자들의 입찰을 통해 주파수의 가격 및 이용자가 결정되는 방식으로 아직 우리나라에서는 시행되지 않고 있으나, 미국, 영국, 독일, 호주 등이 시행하고 었으며, 현재 우리나라도 도입을 검토하고 있는 단계이다. 이에 본 논문에서는 주파수 경매제의 개념 및 장단점, 이론적 배경 등에 대해 살 펴보고 주요국의 경매 정책 및 최근 경매 동향에 대 해 살펴본 후 국내 적용을 위한 시사점을 도출한다.

• The Journal of the Korea Contents Association
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• v.9 no.8
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• pp.99-112
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• 2009

The research is to develop U-IT Technology Transfer Re-auction System Model for technology transfer enable transactions of buyer-oriented. The buyer sends condition technology parts and data informations to provider. The First step, The buyer sends condition technology parts and data informations to provider. The Second step, the buyer's technology and conditions in the First step will be transferred to the DB of a provider who can provide that technology. The Third step, a provider can bid after inputting the conditions. The Fourth step, the buyer decides the ranking of successful bids in condition-optimized auction process. The Fifth step, the buyer invites a provider to be a successful bidder. The last step, if there's no successful bid within the period, the sale considered failed. The buyer-oriented re-auction system is that the deal will become extinct automatically when its sale failed more than two times.