• Title/Summary/Keyword: Performance Contracts

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An Empirical Analysis of Orientation Relationship of Korean Freight Forwarders with Chinese Forwarders (한국운송주선업체의 중국업체에 대한 관계지향성 인식에 관한 연구)

  • Cho, Sam-Hyun
    • Journal of Navigation and Port Research
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    • v.28 no.8
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    • pp.699-707
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    • 2004
  • The purpose of this paper is to conduct an empirical analysis in order to how cooperative relationships such as joint venture, management cooperation and agency contracts affect the business performance of Korean freight forwarders. In order to fulfill the paper objective, this paper examines the roles of freight forwarders and business environment of Chinese markets.

A Study on Message Inter-working Framework for sending SMS to RCS-e (SMS 메시지를 RCS-e 메시지로 변환하기 위한 프레임워크에 관한 연구)

  • Lee, Dongcheul
    • Journal of Korea Multimedia Society
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    • v.17 no.5
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    • pp.582-589
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    • 2014
  • Mobile phone users have been using the SMS to send and receive text messages between them. Recently, GSMA(GSM Association) proposed the next generation instant messaging service, RCS-e(Rich Communication Service-enhanced). This was unavoidable because new OTT(Over The Top) services have emerged that threat the SMS after smart phones became popular. However, the RCS-e has limitations that it cannot inter-operate with the SMS which is still widely used. This paper propose a software framework that inter-work SMS with RCS-e. Call flows for canceling wireless contracts and sending SMS messages to RCS-e users were defined. Also, methods for protocol conversion were defined to inter-work two services. The performance evaluation showed that the proposed framework does not increase loads on IMS(IP Multimedia Subsystem) infrastructure.

CONSTRUCTION FATAL ACCIDENTS IN VIETNAM: AN EXPLORATORY STUDY

  • Soo-Yong Kim;Luu Truong Van;Yurl Hur
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.327-336
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    • 2007
  • Construction activities are characterized as hazardous work. Therefore, it is very imperative to explore comprehensively fatal accidents and safety performance in both developed and developing countries. The goal of this study was to look at the reasons behind fatal accidents in HCMC, Vietnam's largest city. The survey sample consists of 91 fatal accident cases in total that occurred in construction sites during the years 1996-2005 and were reported to the Department of Labor-Invalids-Social Affairs in HCMC. The study was conducted by means of field surveys with relevant individuals working in construction sites and statistical analyses. The research resulted in failing to wear/use PPE as unsafe acts and in poor safety management procedures/methods in sites as insecurely working conditions behind serious accidents in the construction. The paper stresses that accidents tended to occur more in state-owned companies than in others and involved more with masonry/welding people and workers without labor contracts than with other workers.

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KNOWLEDGE MANAGEMENT DEVELOPMENT PROCEDURE AND ITS INTRODUCTION PLAN FOR CONSTRUCTION COMPANY

  • Ji yun Lee;Young woong Song;Yoon ki Choi
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1199-1202
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    • 2005
  • Knowledge has been considered one of the important elements that determine our future. Competitive power of an enterprise has also been transformed from labor, capital, and technology-oriented to knowledge-oriented. Current construction environment is experiencing overall decrease of number of construction contracts due to opening of domestic construction market and economic slump, problems on methods of receiving orders/bidding, and change of costumers' attitude, which intensify competition, therefore many companies consider adopting knowledge management to secure their competitive power. However, there are difficulties in adopting knowledge management and increasing the use by establishing management plan, Performance Measurement, and knowledge maintenance system in reality. Therefore, this study is to provide assistance to successful realization of knowledge management by suggesting development plan of knowledge management that enables knowledge management more efficient with certain goals.

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A Comparative Legal Study on the Non-Performance and Remedies under International Commercial Contract - Focusing on the CISG, PICC and PECL - (국제상사계약상불이행과 구제에 관한 비교 연구)

  • Shim, Chong-Seok
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.44
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    • pp.3-29
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    • 2009
  • The PECL have been drawn up by an independent body of experts from each member state of the european union under a project supported by the european commission and many other organizations. Salient features of the general provisions of the PECL, freedom of contract and pecta sunk servanda, good faith and fair dealing, most of the PECL are non-mandatory. The CISG uses the term fundamental breach in various setting. The concept of fundamental breach is a milestone in its remedial provisions. Its most important role is that it constitutes the usual precondition for the contract to be avoided(Art. 49., Art. 51., Art. 64., Art. 72., Art. 73). In addition, where the goods do not conform with the contract, a fundamental breach can give rise to a requirement to deliver substitute goods. Furthermore, a fundamental breach of contract by the seller leaves the buyer with all of his remedies intact, despite the risk having passed to him(Art. 70). Basically, PECL, PICC generally follows CISG, it was similar to all the regulation's platform though the terms and content sometimes differ. For example regarding to the non-performance and remedies, in the case of non-performance, that is the PECL/PICC term analogous to breach of contract as used in the CISG. Furthermore the PECL/PICC used fundamental non-performance refered to in PECL Art. 8:103 ; PICC Art. 7.1.1. correspond generally to the concept of fundamental breach referred to in CISG Art. 25. The main significance of the fundamental non-performance, in any systems, is to empower the aggrieved party to terminate the contract. The need for uniformity and harmony in international commercial contracts can be expected to lead to growth of international commerce subject to the CISG, PICC, and PECL. It is hoped that the present editorial remarks will provide guidance to improve understanding between the contractual party of different countries in this respect and following key-words.

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The Effect of Management Forecast Precision on CEO Compensation-Accounting Performance (경영자 이익예측 정확성이 성과-보상에 미치는 영향)

  • Lee, Eun-Ju;Sim, Won-Mi;Kim, Jeong-Kyo
    • Journal of Digital Convergence
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    • v.16 no.10
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    • pp.125-132
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    • 2018
  • The purpose of this study is to analyze the effect of managerial predictive accuracy on managerial performance-compensation. In this study, we compared managerial performance with managerial performance, And to analyze the relationship between manager compensation and manager compensation using managerial profit prediction accuracy. As a result of this study, there is a significant positive relationship between profit prediction accuracy and manager compensation, which can be interpreted as a result of manager's ability to compensate manager's ability to predict the future well. In this paper, we propose a new methodology that can be used to analyze the effects of managerial compensation on managerial compensation. This is because there is a difference in that it is proved to be a factor. Therefore, it is important to note that the prediction of the future of the company also identifies the additional determinants that affect manager compensation contracts with the key managerial capabilities.

A Comparative Study on the Increase of Practical Use of Standby Letters of Credit in Korea and U.S.A. (스탠드바이 신용장의 활성화를 위한 한.미간 비교 연구)

  • Park, Suk-Jae
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.39
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    • pp.87-103
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    • 2008
  • Two kinds of security devices such as independent guarantees and standby letters of credit have been widely used in the international transactions. These devices design to protect one of the parties from a breach by its counter-party. Main uses of these guarantees and standby letters of credit are as follows : bid guarantee, performance guarantee, advance payment guarantee, payment guarantee, retention guarantee, etc. The standby letters of credit were first invented in the U.S.A. and have been widely used in the international and domestic contracts in the U.S.A. But the practical use of these credits is very unsatisfactory in Korea. The purpose of this study is to serve the increase of practical use of the standby letters of credit in Korea through the comparison study on the practical use of the credits between Korea and the U.S.A. Both devices are very similar in function, but they are very different in forms. The one has the form of letter of credits but the other has the form of guarantee. The letter of credit has the stability of governing rule, the legal certainty, and the preference in the field of the trade community comparing to the guarantee. I recommend to use standby letter of credit instead of bank guarantee in international transactions because of the merits of the credit aforesaid.

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Applying Neural Networks to Model Monthly Energy Consumption of Commercial Buildings in Singapore(ICCAS2004)

  • Dong, Bing;Lee, Siew Eang;Sapar, Majid Hajid;Sun, Han Song
    • 제어로봇시스템학회:학술대회논문집
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    • 2004.08a
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    • pp.1330-1333
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    • 2004
  • The methodology for modeling building energy consumption is well established for energy saving calculation in the temperate zone both for performance-based energy retrofitting contracts and measurement and verification (M&V) projects. Mostly, statistical regression models based on utility bills and outdoor dry-bulb temperature have been applied to baseline monthly and annual whole building energy use. This paper presents the application of neural networks (NN) to model landlord energy consumption of commercial buildings in Singapore. Firstly, a brief background information on NN and its application on the building energy research is provided. Secondly, five commercial buildings with various characteristics were selected for case studies. Monthly mean outdoor dry-bulb temperature ($T_0$), Relative Humidity (RH) and Global Solar Radiation (GSR) are used as network inputs and the landlord monthly energy consumption of the same period is the output. Up to three years monthly data are taken as training data. A forecast has been made for another year for all the five buildings. The performance of the NN analysis was evaluated using coefficient of variance (CV). The results show that NNs is powerful at predicting annual landlord energy consumption with high accuracy.

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A Critical Study on Buyer's Remedy Articles under the CISG (CISG에서 매수인구제조항(買受人救濟條項)에 관한 비판적(批判的) 연구(硏究))

  • Park, Sang-Gi
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.12
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    • pp.39-64
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    • 1999
  • Under the CISG, there is a unequitable factor in comparing buyer's remedy with seller's remedy. In my opinion, CISG is more unequitable remedy clause than UCC or UNIDROIT principle of International Commercial Contract(1994) between seller and buyer. First, buyer who accepted defect goods must give seller notice the facts that seller delivered defect goods in two years after accepting defect goods. The cap of two year is unreasonable in a position of aggrieved buyer. This is being provided as 'within reasonable time' in UCC and there is no such provision in UNIDROIT Principle. Second, Buyer can avoid contract when seller breached fundamentally contract or seller didn't set a additional performance period about breaching of contract. Accordingly if buyer would not set a additional performance period, although seller's breachment of contract, he could not avoid the contract. Therefore, From a viewpoint of aggrieved buyer avoidable right of contract is restrainted. Third, to compare seller's remedy with buyer's, seller have more opportunity to cure breachment of contract than buyer. Under the CISG buyer is relatively placed at disadvantage in remedy of aggrieved party. In connection with remedy of aggrieved party, 'UNIDROIT principle of international commercial contracts' instead seller and buyer of aggrieved party, so there is not unequitable factor in remedy of aggrieved parties.

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Modeling and Analyzing One Vendor-Multiple Retailers VMI SC Using Stackelberg Game Theory

  • Golmohammadi, Amir-Mohammad;Javid, Negar Jahanbakhsh;Poursoltan, Lily;Esmaeeli, Hamid
    • Industrial Engineering and Management Systems
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    • v.15 no.4
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    • pp.385-395
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    • 2016
  • Game theory is a powerful tool for analyzing the Supply chain (SC) with different conflicting elements. Among them, the Stackelberg game is the one in which a player as leader has more power than the other ones as followers. Since in many SC systems one element has, in essence, more power than the others; the Stackelberg game has found many applications in SC studies. In this paper, we apply the Stackelberg game-theoretic approach and the corresponding equilibrium point to formulate and analyze a two echelon VMI SC. Comprehensive computational results on an experimental case are conducted to numerically analyze the performance of VMI system against three groups of critical parameters. Moreover, a critical comparison demonstrates the poorer performance of decentralized VMI system than centralized one. This naturally necessitates designing proper contracts between VMI partners in order to more effectively implement the realistic decentralized system.