• The Journal of Asian Finance, Economics and Business
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• v.9 no.9
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• pp.61-73
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• 2022

The article examines the ownership structure and dividend payout behavior of India-listed firms using a panel regression approach. It focuses on family ownership and examines why dividend payouts of family firms differ from non-family firms. The study finds that family firms dominate and have concentrated ownership using data from the NSE-listed regular dividend-paying firms. Although family ownership concentration is high among Indian firms, these firms are not concerned about distributing cash as dividends. Instead, these firms focus on retaining and passing on control from one generation to the next. The evidence shows that family firms pay low dividends and have higher leverage than non-family counterparts. The results support the entrenchment of minority shareholders and the proposition that a high payout signals a reduction in the information asymmetry and level of risk. The study further illustrates that cash dividends tend to reduce the level of risk perceived; however, (cash dividend) leads to the deterioration firm's liquidity and aid in the shrinking of cash among emerging market firms. The originality of the paper lies in factoring ownership concentration while explaining the dividend behaviour from an emerging markets perspective, characterized by high private benefits and weak protection for external minority shareholders.

• Journal of Industrial Technology
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• v.21 no.A
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• pp.7-14
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• 2001

In building structure, the story height can be minimized by providing openings in beams which serves for the utility equipments passing through. The dead space in false ceiling thus put to economical use in the form of a substantial reduction in materials and construction cost. In the case of steel structure, there is no critical risk in the structural strength because of reinforcing methods of stiffness and steel plate but in the case of reinforced concrete structure, proper provision should be made in designing these openings, otherwise there is a risk that these opening will possibly weaken the structural strength of the building frame to a critical degree. In this paper, for the numerical analysis of the reinforced concrete beams with circular opening in the web, expecting stress concentration of the circular opening, reinforcing methods were studied. Twenty test pieces with each different reinforcing methods were tested and their resisting forces were defined. From the numerical analysis and test results, the followings were founded;(1)high shear stress distributed around the openings reduce the shearing strength, (2)from the numerical analysis, the maximum tensile stress occurred at opening nodes 1,7, these phenomena were agreed with the test results, (3)reinforcing method around openings have to carried out for stopping diagonal cracks, and (4)both, by steel plate, and wire mesh, are effective reinforcing methods.

• Medical Lasers
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• v.10 no.2
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• pp.68-75
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• 2021

Medical lasers have been widely used for various diseases. Despite the notable benefits, lasers could cause several complications such as skin burn, eye injury, airway fire, and so on. These accidents may occur not only with patients, users of the laser, or laser handlers but also to people passing in front of the laser treatment room. Although there is a risk associated with the laser, most of them can be prevented through good training, use of proper protection equipment, and ensuring the safe operation of the laser at all times. Due to the increasing use of lasers and the growing interest in their use, medical institutions should particularly emphasize the safe use of lasers and introduce systems for laser safety.

• 제어로봇시스템학회:학술대회논문집
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• 2002.10a
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• pp.66.5-66
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• 2002

Flatness of strip at aluminum cold rolling is one of the important quality parameters of rolled products. The reasons for this are perhaps obvious: for many of the end uses, subsequent processing requires a flat product poor flatness on-line can lead to reduced running speeds and hence to lower production levels. Amongst the reasons for lower running speeds is the increased risk of strip breaks. The Alcan Ulsan plant developed an automatic flatness control system on conventional four high mills for a year. This system compose of three parts as Intel RMX 3.3 operating system, advanced techniques, and flatness error analysis system. Strip flatness be measured by air bearing roll, passing the s...

• Proceedings of the Korean Geotechical Society Conference
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• 2000.03b
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• pp.117-124
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• 2000

This paper presents the construction planning and the detail design of a 16.2 km long railroad tunnel in a mountainous area. Major design conditions for railroad are the single track, loop-typed alinement, and a maximum grade of 24.5$\textperthousand$. A underground station(double track) with a length of 1.1km is located in the middle of the line for train cross-passing. Tunnel is excavated in highly complex geological conditions including faulted areas, abandoned mine works areas, and various rock types such as sandstone, shale, limestone, and coal seam partly. Drilling and blasting method was adopted because it is more flexible than TBM(Tunnel Boring Machine) as a result of risk assessment for geological conditions in this area. Two working adits were planned to adjust the construction schedule and can be used for ventilation and maintenance in operation phase. New material and concept were introduced to the tunnel drain design. They are expected to improve tunnel drain condition and capability. Rational tunnel support design was tried to consider the various tunnel size and purpose and to use the geological investigation results.

• Journal of Auto-vehicle Safety Association
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• v.15 no.3
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• pp.43-52
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• 2023

When a children's school bus stops on the road, the operator enables an amber flashing light (indicating stopping or slowing) or a red flashing light (indicating that children are getting on and off). Drivers of vehicles passing by the stopped school bus, as well as vehicles in adjacent lanes to the school bus must stop temporarily. However, many drivers are not aware of the laws and do not comply with them, so children are exposed to an increased risk of being hit, especially at night as the color recognition of the vehicle is significantly lower than during the day. In our experiments, messages and shapes using light were projected to the front and rear of a parked school bus, in addition to its red lights flashing.

• International Journal of Highway Engineering
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• v.16 no.4
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• pp.11-19
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• 2014

PURPOSES: This study is to suggest the improvement for bus rapid transit system in Seoul METHODS: The maintenance cost for bus lane damages and plastic deformations are increased by bus passing speed, heavy bus weight, and climate change (localized torrential downpour, subtropical climate) and the accident risk has been increased. RESULTS: Recent analysis of pavement damage indicates that bus lane damage caused by heavy weight is overwhelming and it is urgent to prepare countermeasures. CONCLUSIONS : Pavement data of bus rapid transit system, bus transit numbers and pavement damage elements were analyzed. By analyzing pavement maintenance, design and construction, the countermeasures for the improvement of bus lane pavement and effective maintenance were suggested.

• Journal of the Korean Society of Marine Environment & Safety
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• v.28 no.2
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• pp.244-253
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• 2022

Recently, installation projects of structures such as offshore wind farms have been increasing, and the installation of such marine obstacles could affect ships that pass nearby. Therefore, the purpose of this study was to quantitatively evaluate the risk posed to passing ships due to obstacles in their passage. Hence, parameters that affected the risk were selected, and scenarios were set based on the parameters. The scenarios were evaluated through the ES model, which is a risk assessment model, and we confirmed that the risk ratio increased as the size of the obstacle increased, the safe distance from the obstacle increased, the speed of ship decreased, and the traffic volume increased. Additionally, we found that when the traffic flow direction was designated, the risk ratio was lower than that of general traffic flow. In this study, we proposed a generalization model based on the results of the performed scenarios, applied it to the Dadaepo offshore wind farm, and demonstrated that the estimation of the approximate risk ratio was possible through the generalization model. Finally, we judged that the generalization model proposed in this study could be used as a preliminary reference for the installation of marine obstacles.

• Journal of the Korean Society of Marine Environment & Safety
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• v.20 no.3
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• pp.277-284
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• 2014

This paper describes the application method of bumper area defined in the ship domain theory and it is to identify risky sectors in VTS(Vessel Traffic Services) area. The final goal of this work is to develop early warning system providing the location information with high traffic risks in Mokpo VTS area and to prevent the human errors of VTS Officer(VTSO). The current goal of this paper is to find evaluation and detection method of risky sectors. The ratio between overlapped bumper area of each vessels and the summing area of a designated sector, Ratio to Evaluate Risk(RER) ${\gamma}$ is used as one of evaluation and detection parameter. The usability of overlapped bumper area is testified through three kinds of scenarios for various traffic situations. The marine traffic data used in the experiments is collected by AIS(Automatic Identification System) receiver and then compiled in the SQL(Structured Query Language) Server. Through the analysis of passing vessel's tracks within the boundary of Mokpo VTS area, the total of 11 sectors are identified as evaluation unit sector. As experiment results from risk evaluation for the 11 sectors, it is clearly known that the proposed method with RER ${\gamma}$ can provide the location information of high risky sectors which are need to keep traffic tracks of vessel movements and to maintain traffic monitoring by VTSO.

• Journal of the Korean Institute of Gas
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• v.15 no.2
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• pp.33-39
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• 2011

This study presented quantitative risk analysis in case of transporting explosive materials by railway. Accident types were classified into accidents of in station and in transit. And the study presented an initial value of accident frequency through derailment accident and crushing one according to each type, and drew the results of accident frequency through event tree analysis. Damage impact evaluation used TNT equivalent method and probit analysis method. As the result of risk evaluation, railway transportation of explosive materials passing through areas which are high in population density is appeared to be able to cause a large number of personnel injury when occurring accidents. Specially, the accident of explosive transportation combined with petroleum was forecasted as easily resulting in large explosive accident. Consequently, there is a necessity to reduce consequences by decreasing passage through areas where are high in population density, and take measures for lessening the risks in case of transporting dangerous explosive materials.