• Title/Summary/Keyword: Road expansion

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Valuation of highway O&M contract using real option (실물옵션을 활용한 고속 도로 유지관리 계약의 가치산정)

  • Park, Taeil;Shin, Eun-Young;Lee, Yoo-Sub
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.11
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    • pp.5964-5970
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    • 2013
  • The recent budget planning for highway infrastructure implied that the investments for Operation & Maintenance(O&M) became greater than that for new construction. This circumstance made many stakeholders pay attention to the O&M of road infrastructure and adopt other countries' policies and system for effective management. In other countries, most O&M for road infrastructure have been done by private entities using long-term contract and Korea is about to shift from one year contract to long-term contract. The most important parts for the expansion of the long-term O&M contract for road infrastructure are valuation of the O&M contract based on accurate prediction of O&M costs and instrument for proper risk sharing between contracting parties. Thus, this study provides a methodology to estimate a reasonable O&M contract price and a framework to share contract risk between contracting parties using real option. The analysis results showed that the contract price and ceiling and floor conditions for the 20 year-contract of 20 km-highway project were 45.7, 60 and 42.3 billion won, respectively.

Korean Experiment for the Unification of Multiple Health Insurers : A Road to Success or Failure (한국 의료보험의 통합일원화 : 성패의 갈림길)

  • 김병익
    • Health Policy and Management
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    • v.10 no.3
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    • pp.108-128
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    • 2000
  • The Korean government has implemented the policy for merging 141 health insurers into Korean Unified Health Insurer (KUHI) in July of 2000. The unification of multiple insurers will definitely effect the stability of financial management, equity of premium burdens and efficiency of administrative management. However, it is difficult to predict what forms the far-reaching effects of the unification would take. Thus, pursuing the unification may be express as a huge policy experiment. In order to lead the unification, which lies on a crossroad between success and failure, to the road of success, we need to infer the problems and obstacles predicted in the step-wise processes of merging organizations, finances and the systems of computing premium, and come up with the effective means to maintain the stability of financial management, to improve the equity of premium burdens and to increase the efficiency of administrative management. Thus, I first described the changes of the Korean medical insurance system, and analyzed the performances of self-employed medical insurance 1 year after the integration of societies in October of 1998. At the base of examining the stability of financial management, equity of premium burdens and efficiency of administrative management, I predicted the problems and obstacles that could occur after the unification of the multiple medical insurers, and proposed a few ways of leading the unification of the multiple medical insurers in Korea to success. The most worried factor is that insurance finance would become unstable since the expansion of premium revenues is not easy because raising the premium for all Koreans is to be difficult. In addition, the unification of insurance finance could weaken the insurer's efforts for declaring real incomes of the self-employed and increasing the collection rate of premiums from them. This weakening would be the decisive factor of lowering the equity of premium contributions between the self-employed and employees. And bureaucratization and rigidity that are unavoidable in a gigantic unified organization could lower the efficiency of administrative management. Furthermore, by having 3 labor unions in the unified organization, it is possible to experience frequent difficulties and discords among the unions and between the unions and organization. Thus, when smooth pursuing of the unification of multiple insurers gets difficult, the social expenses derived from the failure would eventually end up on all Koreans. The unification is to be performed after coming up with the ways to eradicate these worries, so that the unification of multiple insurers would step onto the road of success.

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Changes in Land Use and Ownership of Kumnamno in Kwangju Under the Rule of Japanese Colonialism (일제(日帝) 강점기(强占期) 광주(光州) 금남로(錦南路) 지역(池域)의 토지이용(土地利用)과 소유(所有)의 변화(變化))

  • Jo, Jung-Kyu
    • Journal of the Korean association of regional geographers
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    • v.7 no.1
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    • pp.1-20
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    • 2001
  • This study explored the changes of the patterns of land use and the social patterns of ownership of Kumnamno in Kwangju under the rule of Japanese colonialism by analyzing the townscape of Kumnamno in terms of the form and function of it. The research was done considering three periods: the year of 1912, 1930 and 1945. Kumnamno is the name of the street as well as the legal district name, and includes Kumnamno 1-ga, 2-ga, 3-ga, 4-ga and 5-ga. In the year 1912, Kumnamno was utilized as land, farmland and road. With the increase in population and the urbanization of the Kwangju area, it gradually began to be changed into land. By 1941, it was completely turned into land. Before and after the year 1910, the streets intersecting the Kumnamno area came into being as the roads of the Kwangju town, and were built with a lattice pattern. The road building of the Kumnamno began in accordance with the building of Kwangju station in 1922. The road building linking Kwangju Station to Chonnam Provincial Hall marked the first appearance of Kumnamno. The block from Ku-sung-no to Kumnamno 3-ga was built in 1925, the block from Kumnamno 3-ga to 2-ga in 1921, and Kumnamno 1-ga in 1930. It was not until the year 1933 that the construction of streets ranging from Ku-sung-no through Kumnamno 5-ga was finished. Examining the land ownership of the Kumnamno area in 1912, the Japanese possessed the land of Kumnamno 1-ga, 2-ga and 3-ga on the one hand and the Koreans possessed the land of 4-ga and 5-ga on the other hand. In 1930, the Japanese enlarged their sphere of influence and controlled the land located in all the areas of Kumnamno, and the Koreans reduced their ownership of Kumnamno 4-ga and 5-ga. There was a tendency for companies to occupy the land rapidly. In 1945, while the land owned by the Japanese decreased and the land owned by the Koreans did not change in quantity, the possessions of companies increased. To summarize, the Kumnamno area had some changes in the use of land during the above mentioned period. This was in part due to the construction of a street linking Kwangju Station to Chonnam Provincial Hall in order to strengthen the authority of the Japanese Government-General of Korea, as well as the expansion of the residential zone with the increase of the population of Kwangju.

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Slope Stability Assessment Induced by Variation in Mountain Topography and Rainfall Infiltration (산지지형 및 강우 침투양상 변화에 따른 산지사면 안정성 평가)

  • Kim, Man-Il;Lee, Seung-woo;Kim, Byung-Sik
    • The Journal of Engineering Geology
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    • v.27 no.2
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    • pp.125-132
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    • 2017
  • Approximately 64 percent of Korean territory is covered with mountains, and there is occurred a continuous mountain disaster such as landslide, debris flow and slope failure around mountain slopes due to heavy rainfall and typhoon in the summer season. Even in such a reality, the development of mountain areas is being carried out through the development and expansion of social infrastructures centered on mountain areas, but systematic management is insufficient. Constructions of a forest road facility for mountain slopes can be a cause of mountain disasters intensively in the summer season due to artificially changing the mountain area. In this unstable mountain environment, efforts to build a disaster-resistant environment are urgently needed. This research is to analyze the stability of mountain slopes according to soil depth (1~5 m) and mountain slope ($20{\sim}60^{\circ}$) considering the characteristics of rainfall infiltration under extreme rainfall conditions. As a result, the stability of the mountain slope was found to be different according to the depth of soils and the saturation area of the soil layer. As well as the stability of the mountain area was found to be lower than that of the natural mountain area. Specially, rainfall infiltration occurs at the upper slope of the forest road. For this reason, the runoff phenomenon of rainfall infiltration water occurs clearly when the depth of soil layer is low.

On Promoting the Coastal Transport of Container (컨테이너 연안해송 활성화에 관한 연구 -부산항을 중심으로-)

  • Roh H.S.;Lee C.Y.
    • Journal of Korean Port Research
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    • v.7 no.1
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    • pp.43-58
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    • 1993
  • There has been fast progress in economy in Korea derived by a consecutive five-year plan program for economic development started in the early 1960's. In the field of transportation, rapid changes in the technological environment of transportation and communication have brought a revolution of the transport system, of which inter-modal transportation through containerisation is typical. Because of the rapidly growing traffic volumes of cargo, especially container traffic, and lack of investment into transport infrastructure in the past, both road and railway are beyond their capacity. As a result, the public-road network has suffered a serious congestion problem. For instance, in relation to the corridor between Seoul and Pusan, today, it takes about 14 hours for the journey of container trailer through Kyongbu Expressway, for which it used to take only 7 hours in 1986. For the railway, though the congestion problem is not very serious compared with the road sector, a shortage of capacity on certain main lines has emerged as a problem as railway traffic has increased. Furthermore, the further expansion of the system in near future is difficult due to burden of higher construction the cost. Unlike these two modes, coastal shipping, which has been paid relatively less attention for commodity transport in Korea, shows no constraint in this respect. In addition, it is the most cost efficient mode of transport. This work therefore aims to make a proposal for the alternative inland transportation mode, which is to promote the coastal transport of container. Three obstructing factors for the promotion of the coastal transport are investigated and some solutions for those are suggested as follows : First, it appears to be essential to provide exclusive ports for the coastal shipping, that comply with simplification, specialization and rationalization. The optimum size of berths on the exclusive ports in Pusan port is estimated as 16-20. We found that it needs periodical study and publicity on the advantages from the adoption of the coastal mode. Inducing competition in the coastal shipping market is also necessary. For the supply of the fleet in the coastal shipping, chartering of the surplus ships in the oversea shipping is found to be more desirable than new shipbuilding. Second, to solve the fragmentation of the companies which wish to participate in the coastal transport, government has to implement the subsidy policy. The encouragement of participation of the shipping lines engaging in Korea-Japan run and Korea-East South Asia run, into coastal shipping also needs to be considered cautiously. Third, simplification of the document for entry in ports is needed for rational coastal shipping management. We can use B/L (Bill of Lading) for coastal shipping as a prerequisite to get the indemnity by P & I Club. The reduction of the government controls on entering and leaving the ports also needs.

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A Study on Effectiveness Analysis and Development of an Accident Prediction Model of Point-to-Point Speed Enforcement System (구간단속장비 설치 효과 분석 및 사고예측모형 개발)

  • Kim, Da Ye;Lee, Ho Won;Hong, Kyung Sik
    • Journal of the Korean Society of Safety
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    • v.34 no.5
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    • pp.144-152
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    • 2019
  • According to the National Police Agency, point-to-point speed enforcement system is being installed and operated in 97 sections across the country. It is more effective than other enforcement systems in terms of stabilizing the traffic flow and inhibiting the kangaroo effect. But it is only 5.1% of the total enforcement systems. The National Police Agency is also aware that its operation ratio is very low and it is necessary to expand point-to-point speed enforcement system. Hence, this study aims to provide the expansion basis of the point-to-point speed enforcement operation through analysis of the quantitative effects and development the accident prediction model. Firstly, this study analyzed the effectiveness of point-to-point speed enforcement system. Naive before-after study and comparison group method(C-G Method) were used as methodologies of analyzing the effectiveness. The result of using the naive before-after study was significant. Total accidents, EPDOs and casualty crashes decreased by 42.15%, 70.64% and 45.30% respectively. And average speed and the ratio of exceeding speed limit decreased by 6.92% and 20.50%p respectively. Moreover, using the C-G method total accidents, EPDOs and casualty crashes decreased by 31.35%, 66.62% and 10.04% respectively. And average speed and the ratio of exceeding speed limit decreased by 3.49% and 56.65%p respectively. Secondly, this study developed a prediction model for the probability of casualty crash. It was dependant on factors of traffic volume, ratio of exceeding speed limit, ratio of heavy vehicle, ratio of curve section, and presence of point-to-point speed enforcement. Finally, this study selected the most danger sections to the major highway and evaluated proper installation sections to the recent installation section by applying the accident prediction model. The results of this study are expected to be useful in establishing the installation standards for the point-to-point speed enforcement system.

Analysis of Chloride Ion Penetration Properties into Concrete on Road Facilities Depending on the Deterioration Environments (국도 상 도로시설물 대상 열화환경 조건 별 콘크리트 염화물 침투 특성 분석)

  • Min, Jiyoung;Lee, Jong-Suk;Lee, Tack-gon;Cha, Ki-Hyuk
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.25 no.5
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    • pp.102-113
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    • 2021
  • The deterioration environments caused by de-icing salt and airborne chlorides in the seashore, evaluated in the "Detailed guideline for safety and management practice of facilities (performance evaluation)", were reviewed in terms of penetrated chlorides into concrete on various road facilities. Target concrete structures, in this study, were 4 concrete barriers in Gangwon area, 3 concrete barriers and 1 retaining wall in Busan area, and 4 bridges in Gangwon-do, Seoul, Gyeonggi-do, and Busan. The deterioration environments were classified into three categories: direct and indirect de-icing salt attack, and airborne salt attack depending on the distance to seashore and the height of pier, and the penetrated chlorides in to concrete were analyzed. The results showed that (1) the regional deterioration environments were clearly classified by de-icing salt sprayed days (snowfall days), (2) the penetrated chlorides increased significantly when leakage occurred through slabs or expansion joints, and (3) the airborne chlorides affected to a height of 20 m concrete in the seashore, Busan. From these, it could be confirmed that the chloride ion penetration properties depend on the exposed aging environment, member location and height, and deterioration status, even on the same structure, so the selection of target members and location is very important in the inspection and maintenance. If the database of penetrated chlorides properties in various deterioration environments is constructed, it is expected that the proactive durability management on concrete structures will be possible in the field.

A Study on the Development of BIM Property Classification System in Road and River Field (도로 및 하천분야 BIM 속성분류체계 개발방안 연구)

  • Nam, Jeong-Yong;Kim, Min-Jeong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.2
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    • pp.773-784
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    • 2019
  • With the recent development of 4th industrial revolution technology, BIM information systems are spreading to civil engineering fields as a link to this technology. Accordingly, the Land, Infrastructure and Transport Ministry is announcing a technical policy to introduce the BIM information system into the construction sector from 2020. Usually, SOC-related facilities are complex, making it difficult to implement BIM without a standards framework. To overcome these problems, it is urgent to develop a BIM standard classification system. In this study, the BIM property classification system was developed to link the previously developed object classification system by analyzing domestic and foreign prior studies and working standards. This includes property information of businesses, facilities, parts of facilities and components that correspond to the level of object composition in the road and river sectors. It also suggested ways to apply expansion to various SOC areas and to organize spatial information by facility. The results of this study were applied to road facilities to verify the possibility of information building. The development of the BIM Standards Classification System through this R&D will contribute to the development of construction IT by providing conditions for convenient modeling and information system.

A Pilot Study on Installation Criteria of Speed Change Lanes according to the Implementation of Safety Speed "5030" in the Urban Area (도심내 안전속도 "5030"시행에 따른 변속차로 설치기준에 관한 기초연구)

  • Oh, Seok-Jin;Ha, Tae-Jun;Jin, Tae-Hee;Shin, Kwang-Min;Lee, Gang-Seok
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.41 no.1
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    • pp.57-64
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    • 2021
  • The speed change lane is installed at the point where the roads are connected on the urban roads, reducing the relative speed to facilitate traffic communication. However, in the case of the speed limit of 30 km/h in accordance with the implementation of the safe speed "5030" in the city, the standard is ambiguous, and there are criticisms about the installation of the transmission lane. This study conducted a pilot study on the traffic patterns of the speed change lanes, focusing on the section where the safe speed "5030" policy was scheduled to be implemented after theoretical consideration of the speed change lanes. After on-site investigation, as a result of analyzing the traffic pattern according to the travel speed of the main road according to road conditions and traffic conditions, the effectiveness of the speed change lane according to the safety speed "5030" was analyzed. In this study, the installation criteria for speed change lane by speed were presented. The criteria is that "speed change lanes should not be installed when the speed limit is 30 km/h, and speed change lanes should be installed when the speed limit is 50 km/h." The criteria will be considered as a reference when establishing engineering standards for connection of other facilities in urban areas in the future. It is expected that unnecessary restrictions on individuals' exercise of private property rights will be minimized, smooth traffic flow and secure safety by the installation of speed change lanes and expansion of turning radius.

Study on Strategies for Overseas Expansion of Domestic Logistics Company Using by Imitation Strategy (Imitation Strategy를 이용한 국내 물류기업의 해외진출 전략에 관한 연구)

  • Kim, Hwa-Young;Lee, Sung-Woo
    • Journal of Korea Port Economic Association
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    • v.26 no.3
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    • pp.56-74
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    • 2010
  • The overseas expansion of global logistics company (GLC) is increasing rapidly under the influence of international specialization of manufacturing, and the necessity of global logistics service is increasing, and then the logistics market is growing year to year. The purposes of this study are to investigate the growing factors and strategies making global logistics company and to suggest the best strategies for overseas expansion of domestic logistics company (DLC) by using imitation strategy. The major results are as follows ; Firstly, DLC has to imitate liner shipping company or terminal operator which has competitiveness rather than other part of logistics. Secondly, DLC has to build up competition through investigation the global logistics companies which have globalization, specialization, monopolization and public elements. Thirdly, DLC has to use 'coming from behind strategy' for the exiting market, the 'pioneer importer strategy' for the new emerging market or niche. Lastly, DLC has to make a road map or process for expanding the logistics service area without collision exiting business models.