• Proceedings of the KSR Conference
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• 2009.05a
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• pp.177-183
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• 2009

This paper deals with the topical problems of the Life Cycle Costs in connection with the rolling stocks. the LCC philosophy has already entered the third decade. this philosophy contributed towards the new relationship's comprehension between railway vehicle producers' and railway vehicle users' sphere. this leads together to the technical-economical solution convenient for the both sides. In the point of manufacturer, It is said that low operational costs could be reached using a well-designed and structured maintenance program. this is due to the proper technical analysis of critical components that leads to low costs of maintenance and a superior reliability without increasing the capital investment. but, This paper presents both topical experiences with the LCC models for the railways vehicles and also procedures during Life Cycle Costs calculations. In conclusion I want to introduce how to calculate LCC & what kinds of softwares are used based on VVVF EMU vehicle

• Korean Management Science Review
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• v.26 no.1
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• pp.37-51
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• 2009

Korean IT industry has been given much weight in national R&D management. A negative side of this fact is that Korean economy is likely to become vulnerable to a condition of the export business in certain items of IT industry which has a serious influence on the national economy. A customized investment strategy through the analysis of technology competitiveness and R&D status in each technology of IT field is required in order to rectify the structural vulnerability and pursue a continuous growth. In this research, a strategic direction to set up an efficient investment strategy is presented. In this process, it draws a portfolio analysis with two axes of technology level and technology life cycle. It also derives a priority order of the national investment considering the degree of technological impact, marketability, and adequacy of public support from AHP (Analytic Hierarchy Process) method by a survey of IT experts. A portfolio analysis in the prior stage helps the respondents in AHP become more familiar with the alternatives' characteristics so that their decision making process more corresponds with national R&D strategies.

• The Journal of the Korea Contents Association
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• v.22 no.10
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• pp.83-92
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• 2022

The purpose of this research is to analyze the European paradigm of health investment and its implication. Conventional content analysis of WHO/EU(/EC)/European countries' policy data, and articles shows that the European paradigm of health investment is consist of the basic and extended models, twelve life-course-based health investment policies, and SROI evaluation method. The analyses and discussion points provide policy implications for making virtuous cycle of Korean sustainable healthcare system with economic development in the post Covid-19 era.

• Proceedings of the CALSEC Conference
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• 2001.02a
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• pp.499-520
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• 2001

◈ B2B e-commerce is set to grow significantly in the next 5 years ◈ There is a growing trend towards leveraging the information asset to win new business in the Maintenance, Repair and Overhaul (MRO) market ◈ After-market service is forecast to be a significant element of the B2B market ◈ Existing standards do not fully address the product support requirement ◈ PLCS standards will allow support information to be aligned with the changing product over its entire life cycle ◈ Adoption of PLCS standard will lead to reduced operating costs and increased product availability.(omitted)

• Structural Engineering and Mechanics
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• v.32 no.1
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• pp.147-165
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• 2009

This study proposes a certain measure or investment strategy for decision making associated with seismic retrofitting. This strategy reduces the risk of a large-scale malfunction such as water supply loss under seismic risks. The authors developed a stochastic value index that will be used in the overall evaluation of social benefit, income gain, life cycle costs and failure compensation associated with existing lifeline systems damaged by an earthquake during the remaining service period. Optimal seismic disaster prevention investment of deteriorated lifeline systems is discussed. Finally, the present study provides a performance-based design method for seismic retrofitting strategies of existing lifelines which are carried out using the target probabilities of value loss and structural failure.

• International Commerce and Information Review
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• v.9 no.3
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• pp.23-32
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• 2007

The purpose of this study is to estimate and analyse the relationship between efficiency of bank industry and macroeconomic variables. We employ Johansen's multivariate cointegration methodology, since the model must be stationary to avoid the spurious results. The empirical results show that our model is stationary as well as mean-reverting. This paper also applies impulse-response functions to get additional information regarding the responses of the bank spread to the shocks economic variables such as long and short term interest rates differential, banking organ liquidity, business cycle index, and foreigner's net equity investment. The results indicate that while the bank spread respond positively to liquidity and equity investment shocks and then decay very quickly.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.376-380
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• 2015

Life-Cycle Cost Analysis (LCCA) for highway projects is known as an effective analytical technique that uses economic principles to evaluate long-term alternative investment options, especially for comparing the values of alternative pavement design structures and construction strategies. In the Unites States, the 2012 Moving Ahead for Progress in the 21^st Century Act (MAP-21) amended the United States Code to mandate that the United States Government Accountability Office (GOA) conducts a study of the best practices for calculating life-cycle costs and benefits for the federally funded highway projects in 2013. The RealCost 2.5CA program was developed and adapted as an official LCCA tool to comply with regulatory requirements for California state highway projects in 2013. Utilization of this California-customized LCCA software helps Caltrans to achieve substantial economic benefits (agency cost and road user cost savings) for highway projects. Proper implementation of LCCA for roadway construction and rehabilitation would deliver noticeable savings of agency's roadway maintenance cost especially in developing counties where financial difficulties exist.

• Journal of Hydrogen and New Energy
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• v.28 no.2
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• pp.156-165
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• 2017

This study quantitatively assessed the environmental impacts of fuel cell (FC) systems by performing life cycle assessment (LCA) and analyzed their energy efficiencies based on energy return on investment (EROI) and electrical energy stored on investment (ESOI). Molten carbonate fuel cell (MCFC) system and polymer electrolyte membrane fuel cell (PEMFC) system were selected as the fuel cell systems. Five different paths to produce hydrogen ($H_2$) as fuel such as natural gas steam reforming (NGSR), centralized naptha SR (NSR(C)), NSR station (NSR(S)), liquified petroleum gas SR (LPGSR), water electrolysis (WE) were each applied to the FCs. The environmental impacts and the energy efficiencies of the FCs were compared with rechargeable batteries such as $LiFePO_4$ (LFP) and Nickel-metal hydride (Ni-MH). The LCA results show that MCFC_NSR(C) and PEMFC_NSR(C) have the lowest global warming potential (GWP) with 6.23E-02 kg $CO_2$ eq./MJ electricity and 6.84E-02 kg $CO_2$ eq./MJ electricity, respectively. For the impact category of abiotic resource depletion potential (ADP), MCFC_NGSR(S) and PEMFC_NGSR(S) show the lowest impacts of 7.42E-01 g Sb eq./MJ electricity and 7.19E-01 g Sb eq./MJ electricity, respectively. And, the energy efficiencies of the FCs are higher than those of the rechargeable batteries except for the case of hydrogen produced by WE.

• The Korean Journal of Applied Statistics
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• v.27 no.1
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• pp.123-132
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• 2014

Inflation uncertainty is known to have deleterious effects on facilities investment by disturbing the corporate decision on the opportunity cost of investment. In this paper, we test the validity of this hypothesis in Korea by estimating the inflation uncertainty with both a time-varing parameter model with GARCH disturbances and the relative price volatility and then, estimate the facilities investment equation which includes those uncertainty indicators. The uncertainty indexes estimated by the above-mentioned methods continue to fluctuate even after the inflation rate has dropped dramatically reflecting the structural changes of Korea's economy since the financial crisis in 1997. As a result of estimation of the investment equation by both OLS and GMM, we find the inflation uncertainty has a negative effect on facilities investment with a statistical significance. Moreover, by means of Markov-switching regression model utilized to verify the non-linearity of this relationship, we draw a conclusion that this negative effect of inflation uncertainty heightens asymmetrically during the downturn periods of business cycle.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.681-693
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• 2020

This study sees a critical gap in the previous body of research, which it seeks to fill; the disclosure of the unemployment ratio correlation has only been measured by the level of economic growth. This study is to add investment variables and government expenditure variables that objectively aim to measure the level of effectiveness in handling the unemployment ratio, which is then a measurement of the effectiveness of unemployment. Economic growth is measured by its impact on income inequality through empirical, conceptual relationships as a critical review and economic strategy for the future. The research uses secondary data on Indonesian macro and microeconomics since 2003-2018, then testing uses a quantitative approach to correlation, regression, and scatterplot. The results of this study show correlations between variables, and volatiles on the graphs show a similar trend. In other words, variables are bound together and support each other. The strategy of prioritizing the scale of government expenditure and investment to reach the target is the primary concern, so that the economic cycle can be optimal and equipped to face the possibility of an economic recession in the future. Many factors cause complex income inequality, though investment does not show a correlation to income inequality.