• Structural Engineering and Mechanics
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• v.88 no.3
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• pp.209-220
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• 2023

This study investigates the effectiveness of tuned mass dampers (TMDs) in controlling vibrations in low-rise reinforced concrete buildings. It examines both linear and nonlinear behaviors of concrete structures subjected to strong ground motions from the PEER database. The research follows the ASCE 7-16 provisions to model structural nonlinearity. Additionally, the study explores the effect of varying TMD mass ratios on the performance of these systems in real-world conditions. The findings emphasize the importance of accounting for structural nonlinearity in low-rise buildings, highlighting its significant influence on the controlled response under severe seismic excitations. The study suggests including nonlinear analysis in seismic design practices and recommends customizing TMD designs to optimize vibration control. These recommendations have practical implications for enhancing the safety and effectiveness of seismic design practices for low-rise buildings.

• Coupled systems mechanics
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• v.13 no.2
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• pp.115-132
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• 2024

This paper introduces an improved shear deformation theory for analyzing the buckling behavior of functionally graded plates subjected to varying temperatures. The transverse shear strain functions employed satisfy the stress-free condition on the plate surfaces without requiring shear correction factors. The material properties and thermal expansion coefficient of the porous functionally graded plate are assumed temperature-dependent and exhibit continuous variation throughout the thickness, following a modified power-law distribution based on the volume fractions of the constituents. Moreover, the study considers the influence of porosity distribution on the buckling of the functionally graded plates. Thermal loads are assumed to have uniform, linear, and nonlinear distributions through the thickness. The obtained results, considering the effect of porosity distribution, are compared with alternative solutions available in the existing literature. Additionally, this study provides comprehensive discussions on the influence of various parameters, emphasizing the importance of accounting for the porosity distribution in the buckling analysis of functionally graded plates.

• Coupled systems mechanics
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• v.13 no.1
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• pp.61-72
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• 2024

This study seeks to develop analytical solutions for the biothermoelastic model without accounting for energy dissipation. These solutions are then applied to estimate the temperature changes induced by external heating sources by integrating relevant empirical data characterizing the biological tissue of interest. The distributions of temperature, displacement, and strain were obtained by utilizing the eigenvalues approach with the Laplace transforms and numerical inverse transforms method. The impacts of the rate of blood perfusion and the metabolic activity parameter on thermoelastic behaviors were discussed specifically. The temperature, displacement, and thermal strain results are visually represented through graphical representations.

• Asian Journal of Business Environment
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• v.14 no.4
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• pp.13-25
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• 2024

Purpose: This study aims to assess IFRS adoption, financial reporting practices, and the challenges of implementing the new IFRS 17 in insurance companies listed on the DSE in Bangladesh. Research design, data, and methodology: Cross-sectional data from 56 listed insurance companies for the years 2019-2023 were collected, and content analysis was performed to evaluate IFRS adoption and financial reporting practices. A structured questionnaire survey yielding 120 responses was used, followed by a structural equation model analysis to identify the challenges in implementing IFRS 17. Results: The study found that listed insurance companies adopt between 4 and 6 IFRS, with some implementing up to 12 IFRS, showing an upward trend in IFRS adoption. However, IFRS is not fully applied in preparing financial statements, as the Insurance Acts of 2010 and 1938 are still in use. The challenges in implementing IFRS 17 include conflicting regulations, data management issues, the need to modify accounting systems and processes, the need for human resource training on IFRS, and the misalignment between the current regulatory framework and IFRS. Conclusions: Insurance companies must address these challenges to effectively implement IFRS 17 in their financial reporting.

• Journal of Climate Change Research
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• v.6 no.2
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• pp.73-85
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• 2015

With 12 environmental basic facilities (EBF) in Busan, each business place's present situation of the operation of new and renewable energy as well as the feasibility to establish additional systems of utilizing solar energy (photovoltaic power generation system [PPGS] and solar heating system [SHS]) were investigated. Currently, with the environmental basic facilities, the new and renewable energies (such as, waste heat, biogas, PPGS, SHS, and small hydro power) can produce 195 GWh per year as electric power unit. Among the energy sources, except waste heat, biogas (154 GWh/yr) appears as the highest. Next, PPGS is the second most widely used system and produces 5,560 MWh/yr at 11 business places. Through a field survey, it appears that 19 business places of total 27 places at 12 EBFs have good locational conditions and they need an introduction of PPGS. Through it, it is investigated that it would be possible to produce 5,311 MWh/yr and to reduce $2,348tCO_2/yr$. And, it is identified that SHS can be additionally introduced in only 4 EBFs. This can reduce energy cost as much as one ten million won/yr and green-house gas as much as $28tCO_2/yr$. A cost-benefic analysis shows that the use of governmental support or private investment can be the most efficient way, when PPGS and SHS are introduced in EBFs.

• Journal of The Korean Society of Agricultural Engineers
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• v.63 no.2
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• pp.85-96
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• 2021

Irrigation return flow is defined as the excess of irrigation water that is not evapotranspirated by direct surface drainage, and which returns to an aquifer. It is important to quantitatively estimate the irrigation return flow of the water cycle in an agricultural watershed. However, the previous studies on irrigation return flow rates are limitations in quantifying the return flow rate by region. Therefore, simulating irrigation return flow by accounting for various water loss rates derived from agricultural practices is necessary while the hydrologic and hydraulic modeling of cultivated canal-irrigated watersheds. In this study, the irrigation return flow rate of agricultural water, especially for the entire agricultural watershed, was estimated using the SWMM (Storm Water Management Model) module from 2010 to 2019 for the Madun reservoir located in Anseong, Gyeonggi-do. The results of SWMM simulation and water balance analysis estimated irrigation return flow rate. The estimated average annual irrigation return flow ratio during the period from 2010 to 2019 was approximately 55.3% of the annual irrigation amounts of which 35.9% was rapid return flow and 19.4% was delayed return flow. Based on these results, the hydrologic and hydraulic modeling approach can provide a valuable approach for estimating the irrigation return flow under different hydrological and water management conditions.

• Management & Information Systems Review
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• v.34 no.1
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• pp.211-225
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• 2015

This paper investigate the impact of insolvency cause(internal insolvency cause, external insolvency cause) on firms' turnaround strategies(strategy of improving efficiency, strategy of creating revenue) and examines the impact of firms' turnaround strategies on firms' turnaround performance(debt ratio, sales growth ratio). For this study, a survey was conducted among administrative assistants and four hypotheses were verified. The findings of this research are summarized as follows: First, internal insolvency cause had a positive effect on strategy of Improving efficiency(expense reduction, asset reduction), but external insolvency cause had a positive effect on strategy of creating revenue(product/service reduction, product/service expansion). Second, strategy of improving efficiency positively effect on decreasing debt ratio, but strategy of creating revenue positively effect on the sales growth ratio. These results show that turnaround strategies different across the corporate insolvent cause, and turnaround performance also different across the corporate turnaround strategy.

• Management & Information Systems Review
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• v.28 no.1
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• pp.71-97
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• 2009

In this study, I compare the ability of alternative accounting method for employee stock option to reflect firm value using the Ohlson's(1995) valuation model for 200 firms. The each methods, I compare are employee stock option expense recognition based on the K-GAAP disclosures, and asset recognition at the grant date based on the SFAS No. 123 Exposure Draft: Accounting for stock-based compensation. The model include: (1) a model that uses reported earnings, equity book value, and compensation expense based on the K-GAAP disclosures; (2) a model that uses pro-forma earnings, equity book value and adds a measure of the unrecognized asset arising form granting of employee stock options. Finding form estimating equations that the K-GAAP method for calculating compensation has no explanatory power, and the SFAS No.123 Draft Exposure method for arising asset and fair value compensation better captures than market's perception of the economic impact of stock options on firm values. However, the correlation of employee stock option compensation expense is positive. These results suggest that incentive benefits derived from employee stock option plans outweigh the cost associated with plan. In addition, I couldn't find evidence that company in KOSDAQ that have high growth potential benefit more from employee stock option plan compared to lager, more mature firm in SEC.

• Korea Journal of Hospital Management
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• v.5 no.1
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• pp.129-155
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• 2000

This empirical study, activity-based costing, a newly introduced approach that has proved to be an improvement over the conventional costing system in product or service costing, is applied at department of clinical pathology in K university hospital. The study subjects were 233 test procedures done in clinical laboratory of K university hospital. Activity analysis was done by interview, questionnaires, and time study, and the amount of resources consumed by each activity and their costs are then traced and applied to the laboratory tests. The main purpose of this study were to compare the test costs of activity-bases costing with those of conventional costing, and test fees of medical insurance, and to provide accurate cost informations for the decision makers of hospital. The major findings of this study were as belows. 1. The cost drivers for application of activity-based costing at clinical laboratory were cases of sample collection, case of specimen, cases of test, and volume-related allocation bases such as direct labor hours and total revenue of each test. 2. The profits of each clinical laboratory fields analyzed by conventional costing were different from the profits analyzed by activity-based costing, especially in the field of Urinalysis(approximately over estimated 750%). 3. The standard full costs by conventional costing were quite different from the costs computed by using activity-based costing, and the difference is most significant with the tests of long labor time. 4. From the comparison between costs computed by using activity-based costing and medical insurance fees, some test fees were significantly lower than the costs, especially in the non-automated fields. As described in this study, activity-based costing provides more accurate cost information than does conventional costing system. The former approach is especially important in the health care industry including hospitals in which planning and controlling the costs services provided are the key to maintaining a healthy financial status for the organization. Despite the contribution of activity-based costing the economic as well as technical feasibilities of implementing such a cost accounting system in an organization must be evaluated. In the development of activity-based costing systems, an activity analysis has to be conducted to identify activities that consume resources. This involves a detailed study of the organization's logistics and accounting information systems, and it is an expensive project in itself. Besides, it can be quite difficult and time consuming to identify and trace resource consumption to a specific activity. Thus the activity-based costing system should be implemented only when the decrease in cost of error far exceeds the increase in cost of measurement. By combining activity-based costing with standard costing, health care administrators can better plan and control the costs of health services provided while ensuring that the organization's bottom line is healthy.

• Management & Information Systems Review
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• v.35 no.2
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• pp.83-97
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• 2016

The purpose of this study is to evaluate our system and consider how the tax rules on corporate reorganization and asset adjustment account can be improved. The scope of this study includes the Korean tax rules on corporate reorganizations, as well as key tax benefits provided by the Special Tax Treatment Control Act. In case of Korea, The relevant regulations and system of taxation respecting the merger has been made the rapid progress in several respects in this situation, there are capable of improvement. This paper suggests improve some problems on tax avoidance abusing incomplete tax law. First, the asset adjustment account is the difficulty that it needs to follow-up during this period of time, as well as the complexity of the accounting and tax adjustments on the practice. If it is permitted to succeed asset-liability as market value, the complexity of asset adjustment account in corporate tax accounting also disappear. Second, in case that controlling shareholders possess more than 20% of merged entity, they could not get the tax deferral until after the time of two years has elapsed. It needs to further alleviate the merged entity ratio than the present level. Finally, after the merger it will be to strengthen the surveillance provisions of five years from the current two years. In addition, continuity of shareholder's requirements and business requirements, it is also necessary to strengthen the requirements of the follow-up provided by a separate regulation.