• Title/Summary/Keyword: Expected Total Cost

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The Polarization of Wealth: The Effect of Support of Knowledge Management on Knowledge Management Activity and Company Performance

  • Yang, Hoe-Chang;Lee, Chun-Ho;Kim, Jung-Ho
    • East Asian Journal of Business Economics (EAJBE)
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    • v.5 no.2
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    • pp.1-11
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    • 2017
  • This study attempts to verify effects of CEO' supports, compensation and educational training and those of individual annual salaries and company's sales on promotion of knowledge management expected to contribute to enhancing construction industry's competitiveness, from the perspective of person-organization fit. For the analysis, a total of 368 effective questionnaires were used to conduct independent sample t-test, regression analysis and hierarchical moderated regression analysis. The findings show that individual annual salaries have a positive relationship with company's performance and company's sales also have positive relationships with both knowledge management activities and company performance, and CEO's supports, compensation and educational training are important factors that can improve knowledge management activities. In addition, the principle that the rich get richer and the poor get poorer is also operated in construction industry, as in other industries. Therefore, members in a company should conduct optimal strategies to enhance the knowledge management activities through selection and concentration, while governmental agencies require the establishment of IT system for it and supports for related cost and consulting of it.

A Study on the Optimal Sizing of Wastewater Recycling System for Office Buildings (사무소건설물(事務所建設物) 중수설비(中水設備)의 적정용량산정(適正容量算定)에 관한 연구(硏究))

  • Jung, Jong-Rim;Lee, Kyung-Hoi
    • KIEAE Journal
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    • v.2 no.3
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    • pp.25-32
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    • 2002
  • The demand for water in a city area has enormously increased due to the concentration of population and improvement of the living quality. In this reason, the water shortage and the pollution by city sewage seem to be inevitable. For saving city water and meeting the demands from the city, the wastewater recycling system can be used, which makes used water reusable by a certain purification process. In Korea, the application of a wastewater recycling system to the buildings has continuously been adopted since its first appearance at the Lotte World Complex in 1989. However, the system has not been in fashion because of its high cost and users' negative attitude against recycled water. A research based on literature review and a case study for a recycling water system was carried out and an estimation and evaluation model was proposed. The results from the present study suggest that the optimal size of the recycling water system should be designed within 30-40% of total water demand in a building. Also, it was found that economic benefits could be expected within the payback period of 5.3 years by securing the operation rate over 70%.

Countermeasures to prevent contact between phases on overhead lines (가공송전선로 상(相)간 혼촉으로 인한 고장 예방 대책)

  • Park, Yoon-Seok;Kim, Yong-Rak;Kim, Ho-Ki;Kim, Won-Jin;Choi, Jin-Sung
    • Proceedings of the KIEE Conference
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    • 2007.07a
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    • pp.109-110
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    • 2007
  • Most transmission lines pass through mountainous terrain and deep valleys, to avoid populated areas. Accordingly, the impact of climate changes, environmental conditions and system expansion have caused an increase in transmission line system fault rates. KEPCO has developed and applied phase-spacers to reduce contact faults between phases. Contact between phases represented 9% of total line faults before the devices were installed. Phase-spacers have reduced faults by up to 3.4% since the phase-spacers were installed in 2005. Also, recently developed devices provide additional economic benefits as they cost about a third of the price as similar devices introduced in foreign countries. Phase-spacers are an effective way to prevent phase contact accidents by maintaining physical space between phases. These spacers will be implemented in areas where contacts are likely to occur. They are expected to reduce accident rates and improve power quality.

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PLUTONIUM MANAGEMENT OPTIONS: LIABILITY OR RESOURCE

  • Bairiot, Hubert
    • Nuclear Engineering and Technology
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    • v.40 no.1
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    • pp.9-20
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    • 2008
  • Since plutonium accounts for 40-50% of the power produced by uranium fuels, spent fuel contains only residual plutonium. Management of this plutonium is one of the aspects influencing the choice of a fuel cycle back-end option: reprocessing, direct disposal or wait-and-see. Different grades and qualities of plutonium exist depending from their specific generation conditions; all are valuable fissile material. Safeguard authorities watch the inventories of civil plutonium, but access to those data is restricted. Independent evaluations have led to an estimated current inventory of 220t plutonium in total (spent fuel, separated civil plutonium and military plutonium). If used as MOX fuel, it would be sufficient to feed all the PWRs and BWRs worldwide during 7 years or to deploy a FBR park corresponding to 150% of today' s installed nuclear capacity worldwide, which could then be exploited for centuries with the current stockpile of depleted and spent uranium. The energy potential of plutonium deteriorates with storage time of spent fuel and of separated plutonium, due to the decay of $^{241}Pu$, the best fissile isotope, into americium, a neutron absorber. The loss of fissile value of plutonium is more pronounced for usage in LWRs than in FBR. However, keeping the current plutonium inventory for an expected future deployment of FBRs is counterproductive. Recycling plutonium reduce the required volume for final disposal in an underground repository and the cost of final disposal. However, the benefits of utilizing an energy resource and of reducing final disposal liabilities are not the only aspects that determine the choice of a back-end policy.

The Efficiency of Islamic Banks: Empirical Evidence from Indonesia

  • YUSUF, Ayus Ahmad;SANTI, Nur;RISMAYA, Erin
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.239-247
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    • 2021
  • Conventional banks are often considered more efficient than Islamic banks because they have been operating for decades, but Islamic banks have shown rapid development recently. Therefore, this study mainly aims to compare the level of efficiency of conventional banks and Islamic banks and which ones have the best level of efficiency. This study employs panel data using Stochastic Frontier Analysis (SFA) as the data analysis technique. The data used is annual data from 13 conventional banks and 13 Islamic banks in Indonesia during the 2014-2019 period. The result shows no significant difference in the efficiency of conventional banks and Islamic banks. This result is presumably influenced by the small size of the bank and the total number of banks used in the study. The data used in the study is limited to the period from 2014 to 2019. The variables utilized are also limited to the availability of financial report data which is publicly published. This study provides additional empirical evidence regarding conventional banks' and Islamic banks' efficiency in Indonesian banking by using the latest data. While theoretically, Islamic banks are expected to be more efficient than conventional banks, this study did not find any strong support for the case in Indonesia during the observation period.

Probabilistic optimization of nailing system for soil walls in uncertain condition

  • Mitra Jafarbeglou;Farzin Kalantary
    • Geomechanics and Engineering
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    • v.34 no.6
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    • pp.597-609
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    • 2023
  • One of the applicable methods for the stabilization of soil walls is the nailing system which consists of tensile struts. The stability and safety of soil nail wall systems are influenced by the geometrical parameters of the nailing system. Generally, the determination of nailing parameters in order to achieve optimal performance of the nailing system for the safety of soil walls is defined in the framework of optimization problems. Also, according to the various uncertainty in the mechanical parameters of soil structures, it is necessary to evaluate the reliability of the system as a probabilistic problem. In this paper, the optimal design of the nailing system is carried out in deterministic and probabilistic cases using meta-heuristic and reliability-based design optimization methods. The colliding body optimization algorithm and first-order reliability method are used for optimization and reliability analysis problems, respectively. The objective function is defined based on the total cost of nails and safety factors and reliability index are selected as constraints. The mechanical properties of the nailing system are selected as design variables and the mechanical properties of the soil are selected as random variables. The results show that the reliability of the optimally designed soil nail system is very sensitive to uncertainty in soil mechanical parameters. Also, the design results are affected by uncertainties in soil mechanical parameters due to the values of safety factors. Reliability-based design optimization results show that a nailing system can be designed for the expected level of reliability and failure probability.

Development of a waste recognition model at construction sites (건설현장에서 발생하는 폐기물 인식 모델 개발)

  • Na, Seunguk;Heo, Seokjae
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2021.11a
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    • pp.219-220
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    • 2021
  • It is considered that the construction industry is one of the pivotal players in the national economy in terms of Gross Domestic Production (GDP) and employment. Behind the positive role of this industrial sector to the national economy, the construction industry generates approximately 50 % of the total waste generation from all the industrial sectors. There are several measures to mitigate the adverse impacts of the construction waste such as reduce, reuse and recycle. Recycling would be one of the effective strategies for waste minimisation, which would be able to reduce the demand upon new resources as well as enhance reusing the construction materials on sites. The automated construction waste classification system would make it possible not only to reduce the amount of labour input but also mitigate the possibility of errors during the manual classification process. In this study, we proposed an automated waste segmentation and classification system for recycling the construction and demolition waste in the real construction site context. Since the practical application to the real-world construction sites was one of the significant factors to develop the system, a YOLACT (You Only Look At CoefficienTs) algorithm was chosen to conduct the study. In this study, it is expected that the proposed system would make it possible to enhance the productivity as well as the cost efficiency by reducing the manpower for the construction and demolition waste management at the construction site.

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Feasibility study of a resistive-type sodium aerosol detector with ZnO nanowires for sodium-cooled fast reactors

  • Jewhan Lee;Da-Young Gam;Ki Ean Nam;Seong J. Cho;Hyungmo Kim
    • Nuclear Engineering and Technology
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    • v.55 no.7
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    • pp.2373-2379
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    • 2023
  • In sodium systems, leakage is one of the safety concerns; it can cause chemical reactions, which may result in fires. There are contact and non-contact types of leak detectors, and the conventional method of non-contact type detection is by gas sampling. Because of the complexity of this method, there has always been a need for a simple gas sensor, and the resistive-type nanostructure ZnO sensor is a promising option with various advantages. In this study, a ZnO sensor was fabricated, and the concept was tested as a leak detector using a dedicated experiment facility. The experiment results showed distinctive changes in resistance with the presence of sodium aerosol under various conditions. Replacing the conventional gas sampling with the ZnO sensors is expected to enable identification of the leakage location if used as a point-wise instrumentation and to greatly reduce the total cost, making the system simple, light, and effective. For further study, more tests will be performed to evaluate the sensitivity of key parameters under various conditions.

Economic Effects of Eliminating Trade Barriers under Imperfect Competition (불완전경쟁하(不完全競爭下)에서의 무역장벽(貿易障壁) 완화효과(緩和效果))

  • Lee, Hong-gue
    • KDI Journal of Economic Policy
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    • v.14 no.2
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    • pp.29-54
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    • 1992
  • Recent studies on the economic effects of trade liberalization and economic integration have emphasized the significant gains associated with product differentiation and scale economies. Securing access to markets in other countries will make it possible to increase product variety and capture scale economies, thus, expanding the gains from trade. Liberalization is also expected to introduce foreign competition into the previously closed market. Concurrently, the liberalization will improve the competitive market environment for firms selling in the domestic market. Firms will be pressed to either exit or reduce cost. The output per firm, then, will increase due to the exit of rival firms, and the average total cost will decline due to the economies of scale. 'Rationalization' of the production process will eventually follow. This paper addresses the economic effects of (counterfactual) bilateral tariff elimination between Korea and Japan. It computationally assesses the gains from liberalization as well as the resource allocations and welfare effects associated with the tariff reduction. The endogenous determination of the key parameters distinguishes this paper from others. The firm's perceived elasticity of demand and elasticity of substitution in the present model are calibrated to be consistent with the base year data. Korea, Japan, and the rest of the world are modeled explicitly. The sectoral coverage of the model includes twenty-three tradable product categories based on three-digit SITC industries and seven nontradable categories based on one-digit SITC industries. Product categories are also classified into perfectly competitive and imperfectly competitive ones. In the imperfectly competitive industries, product differentiation exists at the firm level, while the perfectly competitive industries are characterized by national product differentiation. The simulation results of bilateral tariff reduction are reported. Tariff elimination tends to increase intra-industry trade flows so that the total amount of exports and imports of both countries expand. Yet, Japan is expected to increase the bilateral trade surplus in the wake of the mutual tariff reduction. Terms-of-trade for Korea will not change, while for Japan it will deteriorate. Equivalent variations reflecting the change in consumer surplus (welfare) will favor Korean consumers. Total output, however, will not change substantially, recording 0.5 and 0.6% for Japan and Korea, respectively. An interesting finding in the analysis is that the gains from increased competition and scale efficiency are not as prevailing as expected in theory.

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A Study on Effectiveness of the Hospital-based Home Nursing Care of the Early Discharged Surgical Patients and its Cost Analysis (조기퇴원 수술환자의 병원중심 가정간호 효과 및 비용분석에 관한 연구)

  • 박경숙;정연강
    • Journal of Korean Academy of Nursing
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    • v.24 no.4
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    • pp.545-556
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    • 1994
  • Medical insurance and health care delivery system enabled Korean people to get the necessary medical service, but it caused increased needs for medical service, and resulted in the occurence of some problems such as a lack of manpower and medical facilities. In order to solve these problems, many countries, which already had medical insurance system had developed home care system and it has been regarded effective both in reducing costs and in increasing the rates of turnover of bed. Recently, Korea has included home nursing care in its health care delivery system, and some models of the hospital based home nursing care had been tried and its effects had been evaluated. So, author tried to run a home nursing care for the Cesarean section mothers and evaluate Its effects both in the mother's health and costs. This study was designed as a Quasi-experimental study. Subjects were thirty mothers who got Cesarean section operation in hospital in Seoul. Experimental group consisted of 15 volunteers, and control group were selected by means of matching technique. Data were gathered from February 1st to March 26th by two assistants who were trained by author. Experimental group were discharged on the 4th day after their operation, and got nursing care and assessment about their home three times on the 5th, 6th, and 7th day. Control group stayed in the hospital until 7th day as usual and were checked on the same day as above mentioned To evaluate the state of physiological recovery, vital signs, H.O.F, presence of edema in the legs, bathing, appetite, sleep, presence of pain or discomfort in the breasts, amount of lochia, color of lochia, defecation urination. To compare incidence of complication in experimental group with that in control group, specific assessment was done such variables as smell of lochia, presence of inflammation of operation wound, dizziness, and presence of immobilization in the extremities. The activities of daily living were checked Satisfaction of nursing were checked To calculate costs, author asked subjects to specify expenditure including hospital charge, traffic enpenses, and food expenses. The results were as fellows. 1. On effectiveness of home nursing careThere were n significant differences between experimental and control group in incidence of abnormal symptoms and any complication. The number of taking a bath [POD #5 P=0.001, #6 P=0.0003, #7 P=0.001] and the degree of appetite [POD #5 P=0.03, #6 P=0.02, #7 P=0.013] were significantly higher in experimental group than in control group. Contrary to author's expectation, the degree of the activities of daily living in experimental group was not higher than that of control group. All of the experimental group said they were satisfied with the home nursing care. 2. Cost analysis 1) Hospital charge of experimental group was lower than that of control group. [P=0.009] By taking home nursing care, average period of hospitalization was shortened to 3.1 days, and family members could save 22.8 hours. Total amount of money saved by early discharge was 3,443,093 Won. It is estimated that total amount of money saved by early discharge in a year will be 40,398,956 Won. 2) Home nursing care charge of 15 mothers was 1,781,633 Won. It is estimated that total amount of money Saved by it in a year Will be 20,904,493 Won. It was lower altogether than hospital charge of the three days which is 5th, 6th, 7th day of operation. The average cost of single home visit was calculated 10,940 Won. It took 87 minutes per round and it costed 1,017.3 Won. The average hour of home care was 39.0 minutes. 3) It is expected that early discharge can bring forth the increase of hospital income. On the condition that the rate of running bed is 100%, the expected increase of hospital income will be 202,374, 026 Won in a year. Suggestions for further study and nursing practice are as follows : 1. For the welfare of patients and the increased rates of running bed, home nursing care system should be included in the hospital nursing care system. 2. Studies to test effect of home nursing care on the patients with other diseases are needed. 3. Establishment of law on the practice of home nursing care is strongly recommended.

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