• Journal of Arbitration Studies
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• 제27권3호
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• pp.53-76
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• 2017

Korean businesses, and their legal representatives, have observed the improvements of enforcement of commercial judgments through arbitration over traditional collections litigation in U.S. Courts-due to quicker proceedings, exceptional cost savings and more predictable outcomes-in attaching assets within U.S. jurisdictions. But how are the 2016 interim measures implemented by the Arbitration Act of Korea utilized to avoid jurisdictional and procedure pitfalls of enforcement proceedings in the Federal Courts of the United States? Authors examine the necessary prerequisites of the U.S. Federal Arbitration Act as adopted through the New York Convention, to which Korea and the U.S. are signatories, as distinguished from the Panama Convention. Five common U.S. arbitration institutions address U.S. "domestic" disputes, preempting U.S. state law arbitrations, while this article focuses on U.S. enforcement of "international" arbitration awards. Seeking U.S. recognition and enforcement of Korean arbitral awards necessitates avoiding common defenses involving due process, public policy or documentary formality challenges. Provisional and conservatory injunctive relief measures are explored. A variety of U.S. cases involving Korean litigants are examined to illustrate the legal challenges involving non?domestic arbitral awards, foreign arbitral awards and injunctive relief. Suggestions aimed toward further research are focused on typical Korean business needs such as motions to confirm foreign arbitration awards, enforce such awards or motions to compel arbitration.

• International Journal of Computer Science & Network Security
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• 제22권3호
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• pp.229-235
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• 2022

The process of correcting, upgrading, and improving software products after they have been handed over to the consumer is known as software maintenance. Offshore software maintenance outsourcing (OSMO) clients benefit from cost savings, time savings, and improved quality software through OSMO. In most circumstances, the OSMO vendor makes a lot of money but not in all the cases. Especially, when the OSMO project offer is not properly assessed. An efficient outsourcing contract might yield successful outcomes for outsourced projects. But before sending a detailed proposal to bid on the OSMO project the vendor must have to assess the client's project (business offer) requirements. The purpose of this study is to find out common trends within the assessment of a OSMO project. A case study approach along with semi-structured interviews from eight companies concluded ten common practices and several roles. Among these practices, four (code structure, requirements, communication barriers and required infrastructure) were consistent amongst the responses .The findings, limitations and future work are discussed.

• Journal of Korea Trade
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• 제23권3호
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• pp.84-104
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• 2019

Purpose - This paper explains why free trade agreements (FTAs) are more popular than customs unions (CUs) in respect of tariff coordination. Design/methodology - This paper employs an equilibrium theory of trade agreements with tariff coordination. I set up three-country partial equilibrium model with competing exporters. Domestic and exporting firms decide their optimal production under given tariffs and each country levies its tariff under the trade agreements. I found stability of implicit tariff coordination and preference of each country between an FTA and a CU. Findings - I demonstrate that two FTA members can keep their external tariffs higher than separately decided external tariffs by keeping the status-quo. This implicit tariff coordination can benefit each member through trade diversion. In a CU, each member country must have a common optimal external tariff and it must incur costs because each country may seek different external tariffs for their own national welfare. The benefit of implicit coordination in an FTA and the cost of explicit coordination in a CU account for the popularity of the FTA. Originality/value - This paper uses the idea of implicit tariff coordination in trade agreements. In a CU, tariff coordination is explicit and mandatory. All member countries must have a single common external tariff for each good. On the other hand, in an FTA, each country establishes its external tariff with the goal of maximizing its own welfare. However, each country can also coordinate "implicitly" by keeping the status-quo after establishing an FTA.

• Journal of Korean Society of Transportation
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• 제29권6호
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• pp.97-106
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• 2011

Mode choice model is an essential element for estimating- the demand of new means of transportation in the planning stage as well as in the establishment phase. In general, current demand analysis model developed for the mode choice analysis applies common parameters of utility function in each region which causes inaccuracy in forecasting mode choice behavior. Several critical problems from using common parameters are: a common parameter set can not reflect different distribution of coefficient for travel time and travel cost by different population. Consequently, the resulting model fails to accurately explain policy variables such as travel time and travel cost. In particular, the nonlinear logit model applied to aggregation data is vulnerable to the aggregation error. The purpose of this paper is to consider the regional characteristics by adopting the parameters fitted to each area, so as to reduce prediction errors and enhance accuracy of the resulting mode choice model. In order to estimate parameter of each area, this study used Household Travel Survey Data of Metropolitan Transportation Authority. For the verification of the model, the value of time by marginal rate of substitution is evaluated and statistical test for resulting coefficients is also carried out. In order to crosscheck the applicability and reliability of the model, changes in mode choice are analyzed when Seoul subway line 9 is newly opened and the results are compared with those from the existing model developed without considering the regional characteristics.

• Journal of Ship and Ocean Technology
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• 제11권2호
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• pp.34-45
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• 2007

Environment of marine transportation market is changing rapidly. Due to globalization of world economy, marine transportation of cargos, especially trade using container boxes, is increasing dramatically. Fierce competition in the global market of container transportation forces the shipping industry to seek the economy of scale to reduce transportation cost, and drives the merge and alliance of liner shipping companies. Mega-sized container ships, having capacity over 10,000 TEU, were introduced, and appeared recently, in order to reduce the unit transportation cost. Korean shipping and shipbuilding companies are competitive, and have considerable market share in the global market. Even though both industries are inter-connected through ships and have many common interests in order to enlarge the global market share, inter-relation between two industries is surprisingly insignificant. In this paper current issues in the process of environmental change of marine cargo transportation are reviewed, and inter-relation of shipping and shipbuilding industries is discussed. Suggestions for inter-related development of Korean shipping and shipbuilding industries are given, and means for mutually beneficial collaboration are suggested.

• Korean Institute of Interior Design Journal
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• 제16호
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• pp.75-81
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• 1998

With the rise of the economic level and the improvement of the standard of living the size of the interior work is becoming large and specialized, With the recent opening of the domestic interior decoration market the order of the large-scale interior decoration work is actively received and its efficient construction is vigorously made. Accordingly reliability is required in keeping with all the accuracy of computing interior construction expenses systematically is importantly emerging. The estimation sheet written in a kind of process mode and in an area made as the construction expense breakdown mode were statistically treated and analyzed as well as quantity computation breakdown data. In determing the major factors that expert an influence on the factors of changes in construction expenses as well as the compositional ratio of construction work that becomes basic material for developing the cost model of interior decoration work the following conclusion could be made: Improvement should be made to suit the present situation by synthesizing and arranging the data practically used in current interior construction expenses. Required construction expenses for the kind of work common to each construction field are showing a given proportion and the required construction expenses of rather small scale interior construction work tend to be irregular. It is necessary to compute optimal construction expenses by calculating the optimal period of work and working personnel in consideration of the influential factor in each work.

• ETRI Journal
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• 제35권5호
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• pp.786-796
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• 2013

In this paper, we propose a hybrid time-division multiplexing and dense wavelength-division multiplexing scheme to implement a cost-effective and scalable long-reach optical access network (LR-OAN). Our main objectives are to increase fiber plant utilization, handle upstream and downstream flow through the same input/output port, extend the reach, and increase the splitting ratio. To this end, we propose the use of an arrayed waveguide grating (AWG) and an erbium-doped fiber amplifier (EDFA) in one configuration. AWG is employed to achieve the first and second objectives, while EDFA is used to achieve the third and fourth objectives. The performance of the proposed LR-OAN is verified using the Optisystem and Matlab software packages under bit error rate constraints and two different approaches (multifiber and single-fiber). Although the single-fiber approach offers a more cost-effective solution because service is provided to each zone via a common fiber, it imposes additional losses, which leads to a reduction in the length of the feeder fiber from 20 km to 10 km.

• Coupled systems mechanics
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• 제7권5호
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• pp.583-610
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• 2018

This paper discusses the issues associated with modeling frictional contact between solid bodies undergoing large deformations. The most common model for friction on contact interfaces in solid mechanics is the Coulomb friction model, in which two distinct responses are possible: stick and slip. Handling the transition between these two phases computationally has been a source of algorithmic instability, lack of convergence and non-unique solutions, particularly in the presence of large deformations. Most computational models for frictional contact have used penalty or updated Lagrangian approaches to enforce frictional contact conditions. These two approaches, however, present some computational challenges due to conditioning issues in penalty-type implementations and the iterative nature of the updated Lagrangian formulation, which, particularly in large simulations, may lead to relatively slow convergence. Alternatively, a plasticity-inspired implementation of frictional contact has been shown to handle the stick-slip conditions in a local, algorithmically efficient manner that substantially reduces computational cost and successfully avoids the issues of instability and lack of convergence often reported with other methods (Laursen and Simo 1993). The formulation of this approach, however, has been limited to the small deformations realm, a fact that severely limited its application to contact problems where large deformations are expected. In this paper, we present an algorithmically consistent formulation of this method that preserves its key advantages, while extending its application to the realm of large-deformation contact problems. We show that the method produces results similar to the augmented Lagrangian formulation at a reduced computational cost.

• Journal of the Korea Institute of Information and Communication Engineering
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• 제8권8호
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• pp.1802-1809
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• 2004

This paper discusses cost allocation model of common facilities in voice and data traffic of mobile telephone network. There are several methods to be considered including traffic, facility, revenue, Ramsey, and benchmarking in local loop unbundling for High Speed Internet. It is important to investigate the strength and weakness of each method. This paper reviews the theoretical literatures and compares the characteristics of each methodology. Also, case studies are employed to get the implications concerned. As a result, in the beginning, it is desirable to introduce 50:50 allocation method used in local loop unbundling in UK. Then, it is recommendable to apply the ratio allocation method as the quantities of voice and data traffic become equal.

• Journal of Electrical Engineering and Technology
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• 제8권6호
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• pp.1520-1529
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• 2013

In this paper, we propose and assess the performance of "H infinity filter ($H_{\infty}$, HIF)" and "cost reference particle filter (CRPF)" in the problem of tracking a target based on the measurements of the range and the bearing of the target. HIF and CRPF have the common advantageous feature that we do not need to know the noise statistics of the problem in their applications. The performance of the extended Kalman filter (EKF) is also compared with that of the proposed filters, but the noise information is perfectly known for the applications of the EKF. Simulation results show that CRPF outperforms HIF, and is more robust because the tracking of HIF diverges sometimes, particularly when the target track is highly nonlinear. Interestingly, when the tracking of HIF diverges, the tracking of the EKF also tends to deviate significantly from the true track for the same target track. Therefore, CRPF is very effective and appropriate approach to the problems of highly nonlinear model, especially when the noise statistics are unknown. Nonetheless, HIF also can be applied to the problem of timevarying state estimation as the EKF, particularly for the case when the noise statistcs are unknown. This paper provides a good example of how to apply CRPF and HIF to the estimation of dynamically varying and nonlinearly modeled states with unknown noise statistics.