• Korean Journal of Social Welfare
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• v.67 no.4
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• pp.203-226
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• 2015

It is widely accepted that one of the main challenges of the 21st century welfare state is how to harmonize 'Old Welfare, Old Risks' which mostly consists of income maintenance programs with 'New Welfare, New Risks' which actively advances social services. It is in this regard that this paper attempts to define the relationship between the income maintenance programs and social services. For this purpose, it analyses social expenditure of 18 OECD countries during 1980-2006, and subsequently attests, if there is a trade-off relationship between the two, using correlation and Granger panel analysis. It duly concludes that the trade-off relationship between the two is not valid in that the two are better understood as a complementary relationship, not substitute relationship.

• International Journal of Reliability and Applications
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• v.2 no.4
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• pp.269-280
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• 2001

The objective of this paper is to provide a model for effective implementation of costing RAM management in the design and procurement of production facility considering the system cost-performance trade-off. This research proposes a two-step approach of costing RAM design and test of system RAM for production facility. In Step 1, a static model is proposed to find an initial system configuration to meet the required performance based on system RAM and LCC and analyzes the trade-off relationships between various factors of RAM and LCC. In the second Step, we developed time and failure truncated models for system reliability test and analysis. For the computational purpose, we developed computer programs and have shown the sample results. By the sample test run, the proposed model has shown the possibilities to provide a good method to analyze system performance evaluation for both design and operational phase, This model can be applied to a wide variety of systems not only for costing RAM of the production facilities but also for the other kinds of equipment.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2011.05a
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• pp.754-756
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• 2011

Most of the sources of security and privacy issues in RFID technology arise from the violation of the air interface between a tag and its reader. This paper will approach the security risk analysis is process from the perspective of the RFID tag life cycle, identify the tag usage processes, identify the associated vulnerability and threat to the confidentiality, integrity and availability of the information assets and its implications for privacy, and then mitigate the risks.

• Journal of Construction Engineering and Project Management
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• v.4 no.4
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• pp.33-40
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• 2014

Maximizing the profitability and minimizing the duration of construction projects in extreme weather regions is a challenging objective that is essential for project success. An optimization model is presented herein for the time-profit trade-off analysis of construction projects under extreme weather conditions. The model generates optimal/near optimal schedules that maximize profit and minimize the duration of construction projects in extreme weather regions. The computations in the model are organized into: (1) a scheduling module that develops practical schedules for construction projects, (2) a profit module that computes project costs (direct, indirect, and total) and project profit, and (3) a multi-objective module that determines optimal/near optimal trade-offs between project duration and profit. One example is used to show the impact of extreme weather on construction time and profit. Another example is used to show the model's ability to generate optimal trade-offs between the time and profit of construction projects under extreme weather conditions.

• Journal of the Korean Society of Propulsion Engineers
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• v.16 no.6
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• pp.16-22
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• 2012

Performance of a liquid rocket thrust chamber with regenerative cooling scheme has been numerically analyzed using in-house CFD code which can predict combustion/cooling performance and provide nozzle design parameters. This paper investigates trade-offs between combustion and cooling performance with varying amount of fuel directly injected into the chamber wall to form cooling films and mixture ratios for the peripheral injectors. Further efforts to verify/improve the simulation methodology including comparison with the firing test results are planned to make it a reliable tool to optimize the film cooling and other major design parameters.

• Proceedings of the Korean Society of Propulsion Engineers Conference
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• 2012.05a
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• pp.35-41
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• 2012

Performance of a liquid rocket thrust chamber with regenerative cooling scheme has been numerically analyzed using in-house CFD code which can predict combustion/cooling performance and provide nozzle design parameters. This paper investigates trade-offs between combustion and cooling performance with varying amount of fuel directly injected into the chamber wall to form cooling films. Also is analyzed the effect of varying mixture ratios for the peripheral injectors on combustion performance enhancement. Further efforts to verify/improve the simulation methodology including comparison with the firing test results are planned to make it a reliable tool to optimize the film cooling and other major design parameters.

• Proceedings of the KSME Conference
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• 2000.11a
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• pp.446-451
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• 2000

In this paper, a S/W system for a structural analysis of machine tools has been suggested. The system is so designed to reduce manual interfacing effort. An object-oriented language is used for making a graphic user interface. In this system parametric modelling technique is applied to construct a FE model without much user intervention. The FE model is automatically updated when the design parameters are changed by user. Not only single FE analysis but also a trade-off analysis for calculating the sensitivity information of design variables is possible using this system. All data generated by this system are saved in the database. So it possible to retrieve the result later without another analysis. It is found that the design time can be reduced and unnecessary operation avoided using this system.

• Journal of Distribution Science
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• v.15 no.11
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• pp.41-48
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• 2017

Purpose - Capital structure adjustment costs influence the test of the standard trade-off theory of capital structure. We investigate whether there exist economically significant capital adjustment costs in the Korean retail industry. Research design, data, and methodology - This paper adopts the model of Leary and Roberts(2005) to obtain the hazard rate of capital structure variations. The retail firms traded in the KOSPI and KOSDAQ markets are analyzed from 2000 to 2016. Results - The empirical analysis shows infrequent capital structure adjustments in the Korean retail firms. The duration analysis emphasizes that the fixed adjustment cost plays an important role in the determination of capital structure adjustments for the Korean retail firms. Yet, even after taking account of infrequent capital structure adjustments, the trade off theory only weakly explains the capital structure variations of the Korean retail firms. Conclusions - This paper confirms the existence of capital structure adjustment costs for the Korean retail firms. Our results argue for the significance of fixed adjustment costs in capital structure adjustments. Such emphasis on the fixed cost is inconsistent with the existing studies. The trade off theory does not successfully explain capital structure policy in the Korean retail firms even after considering adjustment costs.

• KDI Journal of Economic Policy
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• v.42 no.4
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• pp.91-116
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• 2020

As a project appraisal tool, the preliminary feasibility study (PFS) has contributed to enhancing the efficiency of public investment decision-making in the Republic of Korea over the last two decades. To overcome the limitations of the efficiency-oriented cost-benefit analysis, the PFS accommodates equity concerns among regions, namely balanced regional development (BRD) analysis. This study attempts to gauge the contributions of BRD analysis to PFS results. Specifically, it addresses how effectively policy efforts to promote decision-making have been implemented in the PFS stage while also considering the balance between equity and efficiency in terms of the trade-off between them, the degree to which they influence the results, and whether the consideration of equity is in fact actually reflected in seriously underdeveloped regions as intended. The study finds that the PFS results over the last two decades have been largely in line with the background and policy objectives. Based on the findings of the study, needs for institutional improvement are suggested, including enhancements in the analysis of regional economic ripple effects and taking into account the psychological factors pertaining to the evaluators in the overall judgment.

• Korea Trade Review
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• v.44 no.1
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• pp.269-283
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• 2019

Due to environmental issues such as global warming, the importance of renewable energy is growing. Solar Power System is one of the most growing eco-friendly energy industries in the world, but Korea's solar energy industry faces fierce competition due to the trade regulations and changes in energy related laws in the major markets such as the U.S., EU and China. Therefore, Korea needs to diversify its export markets towards emerging markets. This paper analyzed 162 countries in the world and developed a model to measure how promising the countries are. GSMI(Grid connected Solar Market Index) and OSMI(Off-grid Solar Market Index) are invented based on the models. By using the developed model and the data of 162 countries over the 15-year period from 2000 to 2014, the foreign markets are ranked for searching the export market. According to the analysis, China, Japan, U.S, India and Taiwan ranked first to fifth in GSMI and OSMI ranking, which were followed by China, India, Bangladesh, Philippines and Afghanistan. The model developed through this research is expected to provide a more reasonable and scientific approach to the advancement of the Korean solar energy industry into overseas markets.