• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.8
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• pp.4863-4873
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• 2014

The Korean construction industry has played a major role among all industries despite its relative small ratio of all. The global economic crisis, however, has adversely affected the construction industry. Therefore, the Korean government implemented a corporate restructuring process to ensure the stability of the financial market. The selection standard on workout enterprises by the government is based on two perspectives: (1) external factors, including macroeconomic indices and (2) internal factors, including financial statements of private enterprises. On the other hand, if considering the characteristics of the construction industry, a certain construction company may not be evaluated only by its financial statements. In other words, a valuation process that utilizes the financial statements only can be concluded to be irrational. Accordingly, this study aims to provide the valuation model, which embraces the characteristics of workout firms, and determines their implications. To accomplish this, each enterprise valuation was measured using DCF and Black Scholes models, and by comparing such results with their market value, each enterprise was determined to be either under or over-valued. The results of this study verified that the valuations of 2 workout companies (out of 4) showed a higher value than the market value.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.41 no.3
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• pp.83-89
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• 2018

In the SW industry, the diversification of global markets and technology trends are changing due to the emergence of new services, and IT companies are in need of strategic change different from the previous one. In this study, SWOT analysis was performed by extracting the internal environmental factors and external environmental factors through the previous studies to improve the project performance competence of small IT companies, and the SWOT Matrix was reconstructed through the pairwise comparison. Based on this, the purpose of this research was to propose the project performance competency improvement plans for small IT companies based on importance and priority, and the following four strategies were derived from the result of SWOT-AHP analysis. SO strategy was drawn in direction to invest R & D in new SW industry to enhance technology competitiveness of SMEs in order to develop SMEs, and in order to secure competitiveness of SW industry, WO strategy is drawn the cultivation of professional technical manpower through SW policy. ST Strategy presented technical management through SW system improvement policy to improve SW environment, and WT Strategy presented awareness training on the construction and necessity of project management system construction. Using the strategies presented in this study, it is expected that the managers of small IT firms will be presented as references to measure the performance competence factors of current organizations and company organizations.

• The Journal of Engineering Geology
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• v.32 no.4
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• pp.685-696
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• 2022

Although the use of pottery-making soils has a long history, its use in the pottery industry requires that physical and geotechnical properties of the materials be established to define the suitability for various purposes. The main purpose of this study is to identify the different types of clays and mineral composition and to perform the geotechnical evaluation of the clays for making pottery products. Soils investigated in this study include raw materials used for making Baekja (white porcelains), Chungja (celadons), Buncheong, Sancheong, and Johyung. Pottery-making soils are manufactured by using different types of soils and sold by individual ceramic clay company. This study includes physical tests of soil and chemical analysis of major elements using XRF and XRD instrumentation. Grain size distributions, mineralogical composition, and a range of plasticities of soils for making different types of potteries are presented. Correlations between specific type of pottery clays and geotechnical and mineralogical characteristics are determined by comparing the test results. Since quantitative research using laboratory tests for pottery-making soils are rarely performed in Korea, further research should be done in the future to improve the Korean pottery industry.

• Journal of the Korean Institute of Landscape Architecture
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• v.50 no.6
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• pp.84-95
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• 2022

The landscaping of Amore-Pacific's new building has received various awards since its construction. This study attempted to identify the mechanisms of planning, design, and construction of this project through the ground theory. The results of the study are summarized as follows. The client's place attachment of the sites, which was the company's parent, was the driving force for an international design competiton in which architecture and landscaping were integrated. After that, in the detailed design stage for the actual implementation of the contest-winning plan, competent local designers and contractors were selected, and a consultative body was operated to engage in various opinions and promote rational decision-making. As for consultative body's operation method, simulation, physical model production, and detailed drawings were created after sharing opinions, and landscape design supervision played a major role. Establishing consistency in design and construction through integrated planning and landscape design supervision is required to cultivate craftsmanship and foster landscape coordinators in today's industrialized practice. The accumulation of related follow-up studies and supplementation of the system is anticipated.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.39 no.12
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• pp.1275-1280
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• 2015

A large-sized exciter that vibrates a two-ton component is required to simulate the field operating conditions of a counterweight of an excavator. However, it is difficult for a small-medium sized company to obtain a large exciter for the life test of a counterweight which is an equivalent counterbalancing weight that balances a load. Therefore, in this study, we developed life test equipment for evaluating the reliability of construction machinery weighing about two tons. It simulates the field operating conditions using rotational vibrators consisting of electric motors. A failure analysis of the counterweight was also performed for the major components. Field data acquired from various sites were applied to the life test design of the counterweight. Finally, a zero-failure qualification test based on the accelerated life test was designed, and there was no failure during the test, which guarantees a life of $B_5$ 10,000 hours.

• Korean Journal of Construction Engineering and Management
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• v.8 no.1 s.35
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• pp.47-56
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• 2007

The Build-Transfer-Lease(BTL) system is a new way of attracting private capital to social infrastructure construction projects. Private companies will get back their investment by leasing facilities to the government. In January 2005, government introduces a 'Korean New Deal Policy' to initiate BTL system in the field of social infrastructure development such as education, public welfare, housing, culture etc. As BTL being still in premature phase, thus it is lack of knowledge in BTL and there is no such studies about problems and impacts of BTL projects. However, there could be so many problems underlying within BTL projects. Therefore, the purpose of this paper is to identify various risk factors during implementation of BTL projects. For this purpose, five BTL undertaking projects were studied. Field survey was conducted based-on interview instruments. Prevailing risk factors in operating the BTL Project were collected from the both officials of project promoters and concessionaires. In addition, a distinct need has emerged for analysis of risk factors for BTL projects. Based on real cases, this study resulted in risk factors influencing every phases and grouped risk factors into each phase. Moreover, this study also perform sensitivity analysis in order to know how risk factors affect to BTL projects. From analyzing the data, the study addresses that both major BTL project participants 'the competent authority' and 'Special purpose company(SPC)' have many problems and difficulties to operate the projects.

• Journal of the Korean Operations Research and Management Science Society
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• v.29 no.3
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• pp.41-61
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• 2004

The purpose of this paper is to construct $\ulcorner$CIDEAR(Cross Impact-DEA-AR)$\lrcorner$ model which evaluates proposed R&D projects considering cross impact among them and selects proper projects to utilize resources efficiently as well as to maximize efficacy of investments. For this purpose, $\ulcorner$CIDEAR$\lrcorner$ model is designed as the following six steps. $\ulcorner$Decision Theory Evaluation Model$\lrcorner$ is for setting and selecting the evaluation items according to the structured procedure of evaluation system. The priority of items is decided at $\ulcorner$AR Decision Model$\lrcorner$$\ulcorner$Cross Impact Estimation Model$\lrcorner$ is for computing the final probability of success and the result is used to revise the evaluation results of $\ulcorner$Decision Theory Evaluation Model$\lrcorner$. $\ulcorner$Resource Performance Analysis Model$\lrcorner$ classifies the proposed R&D projects on the basis of required resources and expected performance. Consequently, the possibility of bias of project selection can be prevented. $\ulcorner$Priority Oder Decision Model$\lrcorner$ is for computing the efficacy of proposed projects. Finally, $\ulcorner$Efficacy-Efficiency Cause Analysis Model$\lrcorner$ analyzes the structure of efficacy and efficiency of the projects. The major findings and significances of this study are summarized as follows: (1) $\ulcorner$CIDEAR$\lrcorner$ model can deal with the affairs of R&D projects having the characteristics of mutual independence as well as mutual dependence in the point of efficacy and efficiency. Hence, it is possible to evaluate and select R&D projects more accurately. (2) It can be possible to raise the possibility of projects success. R&D manager can use the information for project management because the efficacy-efficiency structure of selected projects can be analyzed. (3) We proved the usefulness of the constructed $\ulcorner$CIDEAR$\lrcorner$ model using an case about twenty-one R&D projects of a leading company of electronic industry in Korea.

• International Journal of Aeronautical and Space Sciences
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• v.17 no.4
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• pp.518-525
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• 2016

This paper presents the characteristics of non-fundamental multi-mode combustion instability and the effects of high-harmonic components on the Rayleigh criterion. Phenomenological observations of multi-harmonic-mode dynamic pressure waves regarding the intensity of harmonic components and the source of wave distortion have been explained by introducing examples of second- and third-order harmonics at various amplitudes. The amplitude and order of the harmonic components distorted the wave shapes, including the peak and the amplitude, of the dynamic pressure and heat release, and consequently the temporal Rayleigh index and its integrals. A cause-and-effect analysis was used to identify the root causes of the phase delay and the amplification of the Rayleigh index. From this analysis, the skewness of the dynamic pressure turned out to be a major source in determining whether multi-mode instability is driving or damping, as well as in optimizing the combustor design, such as the mixing length and the combustor length, to avoid unstable regions. The results can be used to minimize errors in predicting combustion instability in cases of high multi-mode combustion instability. In the future, the amount of research and the number of applications will increase because new fuels, such as fast-burning syngases, are prone to generating multi-mode instabilities.

• KSCI Review
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• v.11 no.1
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• pp.9-17
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• 2003

Along with trends of other countries, the Ministry of Information and Communication in Korea decided to operate an Information System Audit Institution for raising qualify of computer network facilitated in state organ and public institution, and to construct effective construction of information system. The aim of the audit institution is applying it to public information business, establishing an information system audit qualification system, and upbringing Private audit organs. The Ministry of Information and Communication realized that although the demand of information system area audit is explosively expanding, the National Computerization Agency cannot satisfies the demand and realize to have audit control for the information of national business as well. The Ministry of Information and Communication plan to enforce the audit on public information business by correlate with information business. The ministry enforce that the supervisory company has major roll to audit and national import business decided by the Information Promotion Committee is subject to have audit control. Therefore, in this paper, the contents of internal audit among internal/external audit will be presented.

• Journal of Digital Convergence
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• v.14 no.9
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• pp.317-323
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• 2016

Big Data is now seen as a major asset in the company's competitiveness, its influence in the future is expected to grow. Companies that recognize the importance are already actively engaged with Big Data in product development and marketing, which are increasingly applied across sectors of society, including politics, sports. However, lack of knowledge of the system implementation and high costs are still a big obstacles to the introduction of Big Data and systems. It is an objective in this study to build a Big Data system, which is based on open source Hadoop and Hive among Big Data systems, utilizing POS sales data of small and medium-sized offline markets. This approach of convergence is expected to improve existing sales systems that have been simply focusing on profit and loss analysis. It will also be able to use it as the basis for the decisions of the executive to enable prediction of the consumption patterns of customer preference and demand in advance.