• Title/Summary/Keyword: Korea Engineering Firms

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Evaluation of Capability for Practicing CM at Risk in Korea (국내 시공책임형 건설사업관리 수행을 위한 기업 역량 평가)

  • Ryu, HanGuk;Lee, Sangwon;Choi, Jaehyun
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.2
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    • pp.79-87
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    • 2020
  • The Korean domestic construction management at risk (CMAR) market is in the process of completing the pilot project execution under the leadership of the Ministry of Land, Infrastructure and Transport as of December 2019. The government starts practicing CMAR an alternative delivery method widely in order to diversify delivery methods and enhance construction technology. The CMAR market is thus expected to grow. This study was conducted to improve CMAR firms' capability by developing self-assessment tools for them to evaluate current capability more effectively. As a result of defining standard core capability and additional elements categorized by project execution phase and management area, and performing evaluation from the CMAR project participants, it was found that the general project management capability in the pre-design and procurement phase and quality management area was lower compared to the construction phase and other areas. In addition, the capability of cost management area was lower in spite of its high importance. Communication and coordination, process optimization, and target values achievement were at the initial level of capability and continuous improvement was required.

A Cognitive Modeling Approach for Successful Adoption of e-business in the Port-Logistics Industry (항만물류산업의 S-비즈니스화를 위한 인지모델링적 접근)

  • Lee Hong-Girl;Chu Bong-Sung;Chang Jae-Gon;Lee Cheol-Yeong
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2005.10a
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    • pp.275-280
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    • 2005
  • in order to promote e-business in port-logistics area, many studies have been conducted since then. However, despite those studies related to e-business in this area, prominent achievements have not been presented, and moreover, research in academic side have been very rare, compare to toot of practical side. In this paper, we focus on factors affecting adoption of e-business in the field of port-logistics industry. The purpose of this study is to find the factors which affect adoption of e-business in port logistics industry, and establish its structure, based on a cognitive modeling. To achieve the aim of this research, we framed a cognitive map with empirical data collected from port-logistics firms. And from the results of analysis, some critical points for successful adoption of e-business in port-logistics industry were suggested.

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A Study on the Development of Stress Testing Model for Korean Banks: Optimal Design of Monte Carlo Simulation and BIS Forecasting (국내은행 스트레스테스트 모형개선에 관한 연구: 최적 몬테카를로 시뮬레이션 탐색과 BIS예측을 중심으로)

  • Chaehwan Won;Jinyul Yang
    • Asia-Pacific Journal of Business
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    • v.14 no.1
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    • pp.149-169
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    • 2023
  • Purpose - The main purpose of this study is to develop the stress test model for Korean banks by exploring the optimal Monte Carlo simulation and BIS forecasting model. Design/methodology/approach - This study selects 15 Korean banks as sample financial firms and collects relevant 76 quarterly data for the period between year 2000 and 2018 from KRX(Korea Excange), Bank of Korea, and FnGuide. The Regression analysis, Unit-root test, and Monte Carlo simulation are hired to analyze the data. Findings - First, most of the sample banks failed to keep 8% BIS ratio for the adverse and severely Adverse Scenarios, implying that Korean banks must make every effort to realize better BIS ratios under adverse market conditions. Second, we suggest the better Monte Carlo simulation model for the Korean banks by finding that the more appropriate volatility should be different depending on variables rather than simple two-sigma which has been used in the previous studies. Third, we find that the stepwise regression model is better fitted than simple regression model in forecasting macro-economic variables for the BIS variables. Fourth, we find that, for the more robust and significant statistical results in designing stress tests, Korean banks are required to construct more valid time-series and cross-sectional data-base. Research implications or Originality - The above results all together show that the optimal volatility in designing optimal Monte Carlo simulation varies depending on the country, and many Korean banks fail to pass sress test under the adverse and severely adverse scenarios, implying that Korean banks need to make improvement in the BIS ratio.

Development of a Conceptual Estimate Methodology for Plant Construction Projects (플랜트 건설 프로젝트를 위한 개산견적 방법론 개발)

  • Kim, Hyun-Joong;Choi, Jaehyun
    • Korean Journal of Construction Engineering and Management
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    • v.20 no.1
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    • pp.141-150
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    • 2019
  • In the overseas plant construction market, the domain construction firms' construction capability has been greatly improved, but the capability of project management is evaluated to be insufficient compared to the technical aspect. Project management capabilities from the initial planning stage of project execution are regarded as the core competence of advanced construction companies. Among them, it is urgent to improve the capacity of conceptual estimate for domestic companies. In this study, the researchers surveyed and analyzed the methodology of estimating project cost in the planning phase of the plant project and developed an estimation method by conducting a case study analysis. Based on the logic of the cost index and parametric estimation method among the existing estimation methodology, the estimation tool was developed by deriving the input and output variables tailored to the plant project. The validity of the proposed methodology was evaluated by comparing the accuracy between the project estimate amount of the case project and the actual project amount. In order to increase the utilization of the developed conceptual estimate methodology,for plant construction project, it is necessary to systematize the data of the historical project data. Increasing the accuracy of future project cost estimates is directly related to increasing project award and profitability of the domestic construction company.

The Study on the Effect of the of Consultant Capability on Consulting Performance : Focused on Mediating Effect of CEO Commitment and Moderating Effect of Firm Size (컨설턴트 역량이 컨설팅 성과에 미치는 영향에 대한 연구 : CEO 몰입도의 매개효과와 기업 규모의 조절효과를 중심으로)

  • Hong, Young-Ku;You, Yen-Yoo
    • Journal of the Korea Convergence Society
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    • v.9 no.8
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    • pp.199-209
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    • 2018
  • This paper investigated the impact of consultant capability, CEO commitment, and firm size on consulting performance. And we analyzed whether the CEO commitment factor showed mediated effect in the causal relationship between consultant capability and consulting performance, and analyzed that firm size showed the moderation effect on the relationship of Consultant capability, CEO commitment, and Consulting performance. The results of the analysis showed that the consultant knowledge had a significant effect on the CEO commitment and the CEO commitment had a significant effect on the consulting performance. CEO commitment showed that mediated the influence of consultant capability on the consulting performance. And as a result of the moderation effect test, there were significant differences in the size of firms depending on the path according to the group of large companies and SMEs.

Multicentered-Growth of Office Activities in the City of Seoul (서울시 오피스기능의 다중심화 현상에 관한 연구)

  • Jung, Hyun-Joo
    • Journal of the Korean Geographical Society
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    • v.33 no.1
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    • pp.75-91
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    • 1998
  • The purpose of this paper is to investigate office location dynamic in Seoul and to analyze comparatively the office activities of emerging office centers. Since mid 1980s, the expansion of office employment and spatial differentiation of the office-type jobs have changed the employment and spatial structure of Seoul. The major employment centers are CBD, Kangnam district and Youido. Among these, CBD and Kangnam have developed as the two leading centers of Seoul. Youido, the typical office-oriented center, shares CBD functions especially specializing security business. Selective decentralization of offices made qualitative differences among the centers. In spite of vigorous office decentralization, CBD has kept the principal offices of finance and insurance, travel agencies, advertising agencies, management consulting firms, major public institutions and headquarters of upper 100 companies in Korea. But the offices of producer services such as law, architects, engineering and computer consulting and real estates and headquarters of upper 5000 companies in Korea have been decentralized dominantly to Kangnam.

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An analysis of the influence of business start-up related personal characteristics variables and psychological factors on the satisfaction of business start-up (창업관련 개인적 특성변수와 심리적 요인들이 창업만족도에 미치는 영향력 분석)

  • Kim, Young-Bu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.2
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    • pp.180-189
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    • 2019
  • The purpose of this study is to analyze the factors that affect the entrepreneurial satisfaction of entrepreneurs, based on the characteristics of entrepreneurial firms. For this purpose, we tried to derive the psychological factors besides the personal characteristics of the entrepreneurs as the factors affecting the entrepreneurial satisfaction, which is the result of much research. Psychological factors were empirically analyzed by satisfaction with job and work environment through entrepreneurship, satisfaction with economic employment stability and income factors, and individual development potential, autonomy, and social reputation. The results of this study are as follows: First, the sample consists of entrepreneurs who have been engaged in entrepreneurship activity in Busan for 3 years. Through technical statistical analysis, correlation analysis and multiple regression analysis, The hypotheses about entrepreneurship satisfaction were verified and meaningful results and implications could be derived. Based on this, it can be extended to include research on firm capacity variables such as financial indicators and technological power that were not reflected in this study in the future.

Relationship Analysis of the Factors for Safety and Health Management System Stipulated in the Serious Disaster Punishment Act with Accident Statistics of Construction Industry (중대재해처벌법의 안전보건관리체계 구축 요인과 건설업 사고지표의 연관성 분석)

  • Kim, Pan Ki;Chae, Hee Yoon;Kim, Seong Il;Jung, Kihyo
    • Journal of the Korean Society of Safety
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    • v.37 no.4
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    • pp.44-50
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    • 2022
  • This study examines the relationship between safety factors and health management systems based on accident statistics in the construction industry stipulated in the Serious Disaster Punishment Act. To determine the level of safety achieved by companies through their health management system, the top 1000 construction firms in the country were surveyed online. Four hundred sixty companies responded to the survey by providing their statistics on major accidents (mortality, accidental mortality, and injury rates). Statistical tests showed that companies with a team dedicated to the oversight of safety and health management had fewer accidents than those without one. Factor and regression analyses revealed that three factors affected the mortality and accident rates: safety and health plan, safety and health professionals, and safety and health activities. Moreover, two factors significantly influenced the injury rate: safety management supported by a cooperative company and implementation of on-site safety and health activities. The findings of this study can be used as a fundamental reference for further research and consultation on the formulation of safety and health management systems for construction companies.

A Proposal for Improving the Measurement and Management of Unit Water Content in In-Situ Concrete (현장 타설 콘크리트의 단위수량 측정 및 관리 개선 방안 제시)

  • Yun, Ja-yeon;Jang, Hyo-Jun;Lee, Taegyu;Choi, Hyeonggil
    • Journal of the Korea Institute of Building Construction
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    • v.24 no.3
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    • pp.319-329
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    • 2024
  • This study examined domestic and international regulations concerning concrete unit weight, along with an evaluation of unit weight in concrete poured on construction sites. Fluctuations in unit weight were observed to correlate with concrete quality issues such as material separation, bleeding, and latency. A word cloud analysis, centered on the concept of concrete quality, further highlighted the significant influence of unit weight. Comparative analysis between Korea and Japan revealed few substantial differences in unit weight management and measurement techniques. However, calculation of concrete unit weight at delivery, using the unit volume mass method, indicated considerable variability among random on-site samples. Notably, the unit weight often exceeded the recommended standard. These findings emphasize the necessity for strict adherence to unit weight standards by all stakeholders involved in concrete production and construction, including ready-mix concrete (REMICON) producers, construction firms, and inspectors. To ensure consistent quality of cast concrete on-site, the establishment of a more comprehensive and practical system is recommended, incorporating measures such as on-site inspections.

A Research on Development Measures of Information Services for Construction Technology (건설기술 정보서비스 구축 방안에 관한 연구)

  • Ok, Hyun;Kim, Jin-Uk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.8
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    • pp.5707-5715
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    • 2015
  • Recently, construction industry has won an increasing number of orders for overseas construction projects, thereby achieving an external growth, but its competiveness is concentrated on the construction execution field. In particular, the plant field occupies most of the entire orders, which are concentrated regionally in the Middle East and Asia. In addition, low-cost orders are frequently caused by excessive competition. But its high value-added construction engineering(Below, CE) field's overseas market share and technological capacity are very low. Also, technological competiveness, in terms of order amount and other factors, is deepening in polarization between large CE companies and small and medium-sized CE firms. It is noted that the existing CE information systems mostly simply accumulate data such as design and specification standards and provide the information thereon to users, and thus have yet to provide the information essential for the CE and support such efforts. This study sought to prepare a system designed for sharing outstanding design documents information necessary for the CE industry, by category of construction so as to support the technological enhancement of the CE field. Toward that end, this study presented measures for constructing the system and services designed to exchange and share the outstanding design documents information and know-how by construction category necessary between ordering agencies and CE companies.