• Title/Summary/Keyword: Investment Level in IT

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System Dynamics Modeling for Policy Analysis of Occupational Injuries (시스템다이내믹스를 이용한 산업재해율 분석)

  • Chung, Hee Tae
    • Journal of Digital Contents Society
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    • v.16 no.3
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    • pp.417-424
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    • 2015
  • The research of occupational injury for safety and health is a comparatively recent occurrence. As labor activities took place regarding to employee concerns in industrial uprising, human resources health was tried to enhanced as a labor safety subject. Noticing that traditional statistics approach has limitations in learning future forecasting and major factors causing occupational injuries in each industry, Korean Government initiated a quantitative systematic simulation model project to analyze how the annual injury rate has been dropped and stays in a level for recent years. From this motivation and the project, system dynamics models have been developed to explain the mechanisms for reducing annual injury rate, and the mechanisms quantitatively. The main cause effects for the reduction of annual injury rate were due to the government driven investment on safety facilities. In overall viewpoint the gain achievable from these efforts has been reached a saturated level. However, it could reduce the annual injury rate if you chose the industry and size carefully. The model for forecasting, major injury factors, safety budget and allocation are introduced and analyzed, and Analyzing occupational injury related factors can also reduce employee injury and disease related costs, including medical care, quit, and disability assistance costs.

Integrated Model of the Higher Education Financing Under the Quadruple Helix Concept

  • Kholiavko, Nataliia;Zhavoronok, Artur;Shaposhnykov, Kostiantyn;Krylov, Denys;Morozova, Liudmyla;Babiak, Nataliia
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.125-132
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    • 2021
  • Rapid growth of the higher education role in ensuring the socio-economic and innovative development of the national economy in the context of the development of the information society and the knowledge economy is observed. Achieving positive synergistic effects of the higher education development requires proper funding for university education and research. The existing funding models for national higher education systems in a number of developing countries need modernization in accordance with the modern challenges of economic and innovative development. The purpose of the article is to formulate theoretical - methodological and applied foundations for the development and implementation of the integrated model of the higher education financing under the Quadruple Helix concept. At the center of the developed model are the areas of interaction identified by the authors, namely: Personnel, Science, Management, Innovation, Social area. This made it possible to specify the interests of all stakeholders and orient the activities of higher education institutions to the satisfaction of these interests. Effective implementation of the integrated Model of the higher education financing requires increasing the level of investment attractiveness and practical value of university research; activation of innovative development of enterprises; state stimulation of business participation in university research and education; harmonization of current legislation with EU standards. Implementation of the Model will diversify sources of funding for universities, increase their level of economic security and achieve integrated synergies from the interaction of universities, business, government and the public (as the main stakeholders within the Quadruple Helix concept).

The Impact of Renewable Energy Generation on the Level and Volatility of Electricity Price: The Case of Korea (재생에너지 발전 확대에 따른 전력계통한계가격의 변화)

  • Lee, Seojin;Yu, Jongmin
    • Environmental and Resource Economics Review
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    • v.31 no.2
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    • pp.141-163
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    • 2022
  • This paper empirically analyzes the effect of renewable electricity generation on the System Marginal Price (SMP) in Korea. Using an ARX-GARCHX model with hourly data from 2016 to 2020, we evaluate SMP determinants and merit order effects. As a result, we find that solar and wind power, as well as gas price and total load, play a critical role in the SMP. In particular, solar power reduces the SMP level but raises volatility during peak and off-peak periods. This result implies that SMP may fall as renewable electricity generation increases, leading to a decrease in the profitability of existing power plants and investment in renewables. On the other hand, even if the subsidy of renewable energy increases the burden on the SMP, it can be offset by the merit order effect, which lowers the SMP.

Land Price in Korea: Land Speculation and Market Failure (한국의 지가: 토지투기와 시장실패)

  • 이진순
    • Journal of the Korean Regional Science Association
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    • v.8 no.1
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    • pp.1-29
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    • 1992
  • The major purpose of this paper is to examine two closely related issues. An attempt is made here to examine internationally high land price in Korea from the perspectives of market fundamentals (MF) and bubble theory, respectively. Another theoretical issue, whether land speculation can result in market failure, is also examined. It has been concluded that the primary causes for the rapid increases in land prices in Korea, could be found in the perspective of MF. (1) The financial intermediaries has been controlled by the government since 1960s. Real Interest rates in the commercial banks has been controlled at the level of zero or sometimes negative; scarce financial resources has been rationed by the government. The governmental control of the bands has also resirained the development of securities market. Money, which can not find the appropri opportunity for saving in financial market, moves to land market. (2) Socially created land value, based on rapid economic gorwth and big public investment, has been appropriated mainly by the private: The effective tax rate of land holding tax has been under 0.02 percent; Real Estate Capital Galns Tax has, in fact, affected few persons, mainly because examptions and preferential taxation have been widely permitted. (3) The government has ploaced severe limitations on rural-to-urban land conversion, although the demand for urban uses has repidly grown. All factors above caused the cyclical land speculation. This, in turn, created the myth that land prices will inevitably continue to rise. Based on the myth, the growing bubble in land price has been created. This is the secondary reason for high land price relative to income in Korea. It is also shown that it is possible that speculation in land results in market failure because land is fixed in quantity and can be used for production and speculation purposes simultaneously.

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A Study on the Improvement of the Employee Stock Ownership Plans (우리사주제의 개선에 대한 연구)

  • Kwon, Yong-man;Shin, Won-chul
    • Journal of Venture Innovation
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    • v.3 no.2
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    • pp.95-109
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    • 2020
  • The source of value-added creation in modern times has been transformed from material to man's value-added generating power, and ownership of the means of production has been converted from a particular landlord, capitalist to a person with value-added capacity, and a system of capital participation is needed beyond the profit-sharing system or performance incentive system in which workers of an enterprise participate in simple profits if they significantly increase the added value of the company. It is also necessary to introduce our private stock system as a means of addressing the problem of capital bias and for the stable development of capitalism. The purpose of Employee Stock Ownership Plans is to improve the economic and social status of workers and promote labor-management cooperation by allowing workers to acquire and hold shares of the stock company in which the employee ownership association is established through the employee ownership association, but the reality is that our stock ownership system has failed to achieve its purpose due to insufficient protection against the employee. In terms of welfare, the acquisition of our company shares should include active government support for the welfare of workers' ownership on a social welfare level rather than on the logic of the capital market, and in terms of investment, it would not be appropriate to apply the regulation for investor protection to see workers' acquisition of our company shares as 'investment' in the view of workers' willingness to own shares on the stock market. Therefore, as a way to support and deregulate employee's stock acquisition, 1. Expanding direct support, such as tax support, 2. As employee's stock ownership association is being discussed as a division's nature, it is less effective in terms of various management, not investment, and 3. Those who own stocks with 1% of the company's shares and 300 million won in face value will be classified as major shareholders. As a way to reduce the risk of management of our company owners and cooperative funds, As a measure to reduce the risk of management of our company owners and cooperative funds, only our employee shareholders' association shall manage the fund in a long-term deposit, and even though our employee's stock is managed by the association or company after the end of the deposit period, the management of each employee shall be allowed and In terms of improving the utilization of our company's stock and fund, 1. Employee's stockholders are prohibited from lending during the deposit period, but it is necessary to improve profitability by allowing them to borrow under strict restrictions, 2. It is necessary to make the use of the employee's welfare funds available for the preservation of losses, and to stipulate the redemption obligations of unlisted companies in order to improve the redemption system of our company.

A Study on Inaccuracy in Urban Railway Ridership Estimation (도시철도 교통량 추정의 오차발생 요인 연구)

  • Kim, Kang-Soo;Kim, Ki Min
    • Journal of Korean Society of Transportation
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    • v.32 no.6
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    • pp.589-599
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    • 2014
  • This paper analyzes the forecasting errors of traffic volumes by comparing forecasted volumes for the opening year with the observed ones in the years after the urban railway construction in the metropolitan areas. The result shows that the average inaccuracy of traffic volumes for each station was estimated at around 7.27. Based on the confirmed factors of demand estimation errors, this study seeks for an alternative method to reduce estimation errors in feasibility studies. It is noted that there is a tendency that the inaccuracy varies by regions and the longer construction period or the shorter station spacing is, the overestimation increases. If urban railway projects are proceeded as planed, therefore, the level of the inaccuracy for traffic volume forecast will be decreased. In addition, thanks to the theoretical progress, recent estimation results show higher accuracy than before. In that sense, when we introduce the new railway line, it is necessary to make an accurate and realistic demand forecast based on actual outcomes and tendency of the previous estimation. The limitation of our study is that we only cover the errors of the initial period, the opening year and deal with the exogenous variables. Further research including other variables which might be considered to cause overestimation or errors would be needed for increasing the estimation accuracy of traffic volumes.

An Evaluation of Net-zero Contribution Regarding Hydrogen Energy Conversion in Urban Building and Transport Sector (도시의 건물 및 수송 부문에서의 수소에너지 전환에 따른 탄소중립 기여도 평가)

  • SO JEONG JANG;RAE SANG PARK;YOUNG HOON CHOI;YONG WOO HWANG
    • Transactions of the Korean hydrogen and new energy society
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    • v.34 no.2
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    • pp.100-112
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    • 2023
  • This study evaluated the contribution of carbon neutrality by calculating the carbon reduction amount and reduction intensity targeting the hydrogen pilot city and applying it to the carbon neutral reduction target. In the building sector, the reduction amount for 2030 was 10.8% on average. In addition, by 2050, the contribution to carbon neutrality of plan A was 14.1% on average, and the contribution to carbon neutrality of plan B was 15.1% on average. In the 2030 reduction amount of the transportation sector, the contribution to carbon neutrality was 138.4% on average. In addition, by 2050, the contribution to carbon neutrality in plan A was 82.5% on average, and the contribution to carbon neutrality in plan B was 74.9%. From the above research results, additional carbon reduction is possible when creating a hydrogen city, so it will be used as a basis of city-level carbon neutral model. It will also be used as a basis for technology development and investment promotion for various hydrogen supply methods in the future.

A Study on the Development Priority of Automation Technology for Architectural Planning and Design - Based on the Survey Architectural Design Office - (건축 기획설계 자동화 기술개발 우선순위 도출에 관한 연구 - 건축설계 사무소 실무자 설문 조사에 기초하여 -)

  • Moon, Seong-Wan;Yang, Seung-Won;Kim, Sung-Ah
    • Journal of KIBIM
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    • v.13 no.4
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    • pp.1-12
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    • 2023
  • In Korea, there are many attempts to automate architectural design tasks, focusing on government-led national R&D projects and private operators, in order to enhance global competitiveness and productivity of the building service industry. However, according to a survey of architectural design office practitioners, only 25% (9 out of 37) have used it, suggesting that there are fewer cases of practical use in the field compared to research and investment in automation technology development, and there are discrepancies between automation and technology development items required in the field. In this study, the priority of automation of planning and design work of architectural design office practitioners is derived, and a comparative analysis is conducted with domestic architectural design automation service items based on the priority. A survey was conducted on practitioners of domestic architectural design offices to derive automation priorities for 19 items of architectural planning and design work. Based on the derived priorities, the degree of reflection of the working-level automation needs of domestic services was confirmed by comparing them with the domestic architectural planning and design automation service items. As a result, it was confirmed that domestic architectural planning and design automation services did not properly reflect the priority of planning and design work automation of architectural design office practitioners. This suggests that it is necessary to reflect the priorities derived in this study in technology development in order to increase the cases of practical use of the automation technology in the working environment and improve the productivity of service.

Application of delphi method to the technology level assessment of food safety (델파이기법을 활용한 식품안전 기술수준 진단)

  • Gwon, So Young;Lee, Ye Seul
    • Food Science and Industry
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    • v.51 no.3
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    • pp.209-217
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    • 2018
  • Delphi technique is widely used to develop consensus on group opinion. It is important to identify the strategic technologies and evaluate technology level for the establishment of national R&D policy to upgrade technology level. The aim of this article was to reflect on Food Safety technology level by using Delphi methodology. And, competitiveness of patents and journal articles is evaluated for Korea, USA, Japan, China and EU. As a result, USA is the most competitive country for all technology categories. The average technology level of Korea was 79.5% of world-top coungry and average technological gap was 6.1 years. Korea is grouped in middle-lower class for overall food safety technology level. However, there are some variances among the level of technologies. As a result of this study, food safety research management needs to expand R&D investment and training of food safety specialist. The results of this research can be utilized to establish a road map for transportation R&D and plans.

Effect of Real Estate Holding Type on Household Debt

  • KIM, Sun-Ju
    • The Journal of Industrial Distribution & Business
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    • v.12 no.2
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    • pp.41-52
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    • 2021
  • Purpose: This study aims to provide implications for the government's housing supply policy by analyzing the factors that determine the type of real estate holding and household debt. This study started from the awareness that the determinants of household debt differ depending on the type of real estate holding. Research design, data and methodology: Real estate ownership type was classified and analyzed into 4 models: model 1 (1 household 1 house and self-resident), model 2 (1 household multiple real estate ownership and self-resident), model 3 (1 household 1 house and rent residence), model 4 (1 household holds a large number of real estate and rent residence). The analysis method used multiple regression analysis. The dependent variable was household total debt. As independent variables, household debt, annual gross household income, financial assets, real estate net assets, annual repayment, demographic & residential characteristics were used. Results: 1) Model 4 has the highest household debt and the highest gross income, Model 2 has the most real estate mortgage loans and real estate net asset, and Model 1 has the highest real estate mortgage payments. 2) The positive factor of common household debt determinants is real estate net assets, and the negative factor is financial assets. 3) It was the net assets of real estate that acted as a positive factor in common for the four models. In other words, the more financial assets, the less household debt. It was analyzed that the more net assets of real estate, the more household debt. The annual repayment of financial liabilities had no influence on household debt, while the annual repayment of loan liabilities and household debt had a positive relationship. Conclusions: 1) It is necessary to introduce benefits and systems that can increase the proportion of household financial asset. Specific alternatives include tax benefits and reduced fees for financial asset investment. 2) In the case where a homeless person prepares one house for one household, it is necessary to prepare various support measures according to the income level. The specific alternative is to give additional points for pre-sale or apply an interest rate cut incentive for mortgage loans.