• International conference on construction engineering and project management
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• 2005.10a
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• pp.417-423
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• 2005

Contractor's opportunistic bidding behavior refers to contractor's deliberate low-bid, which cannot accord with the cost, and expectation for beyond-contractual reward (BCR), the compensation earned through cutting corners or claims after undertaking the construction project. This research applies System Dynamics to develop a model of contractor's pricing with consideration for dimensions of "cost", "market competition", and "BCR". Iterative computer simulations were performed to analyze the effects of contractor's pricing on the market price. The results were then examined by statistical analysis on data collected from 44 highway projects in Taiwan. It is found that the critical force driving the contractors to bid opportunistically is their excessive expectations in BCR under the current environment. Within the price competition mechanism, if the problem of BCR exists, even if the bidding system is further improved, contractors would still prefer opportunistic bidding behavior, and eventually make the whole construction industry operate ineffectively. Therefore, it is crucial to remedy the aforementioned BCR problem by more effective management policy.

• Journal of Environmental Policy
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• v.14 no.2
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• pp.133-148
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• 2015

The number of used oil refining companies has been increased and it causes shortage of the volume of used oil per recycling company. In addition, the number of used oil collecting companies has been increased and it caused excessive competition among companies with excessive costs. Companies use not only proper used oil but also low quality used oil because of shortage of supply. It is the reason of environmental pollution. Also excessive competition brings high cost of refined oil and it becomes a burden on the consumer. Therefore, the recycling improvement plans of used oil is needed because of these causes. First of all, importing used oil from the developed countries of OECD is the one of solution to secure a used oil supply. However, imported used oil should meet the international quality standards and it is examined twice by international authority institute such as K-petro in both exporting and importing countries. Second, the cost would be reduced with the relaxation on regulations of used oil refinement. However, regulation to sediment and water should be separated. Sediment should be kept within 2% and water should be kept within 5%. It is the way to relax the regulations of used oil refinement with preventing environmental pollutions. Finally, the standard of used oil for heater should be regulated strictly. To prevent pollutions, used oil for heater is limited to high quality waste lubricating oil. Also the air pollution prevention device has to be installed on heater.

• Journal of Energy Engineering
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• v.24 no.2
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• pp.22-33
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• 2015

This study analyzes the technological level of Korean waste-to-energy(WTE) firms and its determinants by using a multiple logistic regression analysis based on a survey. As the results of analysis, the technological level of Korean WTE firms has been positively influenced by the firm size, R&D expenditures, R&D manpower, but negatively influenced by the competition in domestic market. Also there is no significant effect of the economy of scale. The policy implications of this study are as follows; First, the system in which stakeholders coevolve should be set up to prevent excessive market competition from having a bad effect on the technological level of Korean WTE firms. Second, it is needed to make an effort to achieve the economy of scale by increasing an output and decreasing cost in WTE firms.

• Proceedings of the Korea Concrete Institute Conference
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• 2001.05a
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• pp.313-318
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• 2001

The cost of producing ready mixed concrete(remicon) has increased due to the rising cost of raw materials for concrete and transportation caused by the upturn of oil price. In contrast, its orders have also decreased due to the recession of the construction industry. In addition, the cost of delivery has decreased owing to the excessive competition among manufacturing companies, so manufacturing companies began mixing ground granulated blast-furnace slag or fly ash to lower the cost. However, there is no way to determine whether the strength of the concrete using the admixture is satisfied or dissatisfied with design strength at the early age. The purpose of this study is dedicated to early strength estimation of concrete mixed with an admixture, ground granulated blast-furnace slag.

• Knowledge Management Research
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• v.11 no.1
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• pp.51-64
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• 2010

The exhibition and convention industries, which are recognized as industrial hub linked with many relational industries. It is important to prevent a excessive competition for convention centers among districts and to gain some benefit fairly. Each convention center needs a lot of convention to held in it's district. In order to obtain many conventions to held in Korea for many convention center, convention bureau has to manage the processes to attract convention with many collaborators using the convention hub-network system. We should, therefore, pay attention to construction of the convention Hub-Network system to activate the convention industries in the district. We lay out the critical design for three functions of the convention Hub-Network system using UML. Finally we show the demonstrative web pages that explain critical three functions.

• Journal of the Korean Institute of Navigation
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• v.23 no.1
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• pp.85-97
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• 1999

Vessels chartering has contributed to developing Korean shipping industry over the past three decades. Vessels chartered by shipping companies have been employed in cross trades as well as in the Korean foreign trade to achieve their business strategy. Meanwhile, some problems such as speculation, sales-oriented expansion with poor margin, poor forecasting capacity, over excessive competition in cross trades among Korean owners, and lack of speciality in decision-making, have played adverse roles in promoting chartering business in Korea. There(ore, this paper aims to discuss motives for vessel chartering business and its significance in the Korean shipping industry and to identify problems in the business.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.33 no.3
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• pp.219-224
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• 2010

Depreciation accounting has as its main objective, the recovery of the original cost of plant investment less net salvage, over the estimated useful life of that plant. Accuracy of the whole life technique in meeting this objective depends entirely on the original estimates of service life and net salvages for an account. Where the whole life technique has been used and original estimates prove inaccurate, excessive or deficient accumulations in the depreciation reserve frequently occur. To overcome this, the remaining life technique is suggested to better match the challenges of accelerated technology and competition within the regulated environment. The flexibility of the remaining life technique will allow an even chance to provide a complete recovery of the original cost.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.1076-1082
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• 2005

Breaking from the past convention, most construction firms are lotting out their apartments with their own brand names. They don't have, however, differentiated marketing strategies based on unique brand awareness. Rather, virtual absence of marketing strategies has brought about unfiltered introduction of architectural elements of the competition and excessive advertising efforts. Consequently confusion is at hand for consumers' purchase decision since they are not aware of the differences between the apartments. The purpose of this study is to make consumers have clear brand awareness by presenting appropriate brand strategies based on sound marketing theories for construction firms.

• Korean Journal of Social Welfare
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• v.59 no.4
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• pp.137-162
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• 2007

In democracy basic rights such as political equality and participation through elections have been respected, opportunities of corporation and opposition have been guaranteed, and ability of self-learning and self-correction have been developed. These positive factors give preconditions for the welfare development in the democratic state. Because in this state adults get the suffrage and the open competition for official positions induces political parties use social policies as means to win the election. That is to say, political parties have an incentive to use various social policies to win the election. Democracy, therefore, has affinity with social policy. The affinity between democracy and social policy can be found also in Korea which was democratized in 1987. But, in Korea, the positive relationship between democracy and social policy is very weak due to the problem of constitutional structures. Korean Parliament usually enacts abstract social act and delegates the right to fill concrete contents of the social acts to the executive. Delegation itself has no problem, but excessive delegation is a problem since the executive can overuse its discretion as sacrificing the social rights of the citizen. In addition social consensus could not be achieved in this constitutional structures, which are a obstacle to establishing a political process in the Parliament to promote the welfare development through party competition. Excessive delegation should be reduced, and the Parliament should fill concrete contents of the social acts as exercising its legislative power more. Then a mechanism of welfare development can be launched in Korea.

• Journal of Korea Port Economic Association
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• v.27 no.4
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• pp.187-205
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• 2011

In considering the size of container logistic flow of Korea, one-port as a hub port is desirable in Busan Port, but as development of Busan Port and Gwangyang Port began as two-ports, they are good as mega hub ports. In case when ports of other regions such as Incheon Port are additionally developed, it is very likely that they become feeder ports rather than mega hub ports. As capital area uses Incheon Port and Pyeongtaek Port for transportation, fierce competition arises due to excessive facilities of terminal companies and it is not easy to be profitable. Therefore, it is more profitable to develop regional hub ports centering on near-sea routes of Korea China Japan rather than local ports such as Incheon Port and Pyeongtaek Port for intensive trade and transportation in the capital area. To mitigate excessive competition between container terminal companies, we need administrative guidance to maintain adequacy through comparing tariffs between ports of Japan and China which are in competitive relations with Korean ports. This study analysed efficiency of container terminal companies in Gwangyang Port, Busan Port and Incheon Port using data for five years from 2006 to 2010. As analytical variables, length of quay, floor area of yard, the number of cranes and employees were analytical variables and a total freight volume was a productive factor.