• Journal of Ocean Engineering and Technology
• /
• v.26 no.1
• /
• pp.60-63
• /
• 2012

The accident risks in the marine environment are increasing because of the tendency to build faster and larger ships. To secure ship safety, risk-based ship design (RBSD) was recently suggested based on a formal safety assessment (FSA). In the process of RBSD, a ship designer decides which risk reduction option is most cost-effective in the design stage using a cost-benefit analysis (CBA). There are three dimensions of risk in this CBA: fatality, environment, and asset. In this paper, we present an approach to estimate the environmental costs based on the size of an oil tanker involved in an accident using a neural network. An appropriate neural network model is suggested for the estimation,and the neural network is trained using IOPCF data. Finally,the learned neural network is compared with the cost regression equation by IMO MEPC 62/WP.13 (2011).

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
• /
• v.20 no.4
• /
• pp.367-374
• /
• 2002

Maintainability of highways is an important problem that is considered in the planning steps of a highway development process. A number of asset management systems have been developed to precisely predict maintenance and pavement expenditures for better decision making, But these systems are not helpful in reducing maintenance costs. Optimization of some highway design characteristics in the planning phases may reduce maintenance costs over the life cycle of highway. The formulations for initial and maintenance costs have been developed based on which design variables can be chosen to minimize these costs, focusing on the sideslope in cut and fill sections. Maintenance cost has been represented as a function of sideslope, width of highway cross section, and annual average daily traffic. A real geographic database of between Chung joo and Sang joo city in Choong buk was used and it is presented to investigate the sensitivities of maintenance cost and soil characteristics in selecting alignments. In this study, we present that maintenance cost and soil characteristics are important considerations in alignment optimization.

• Korean Journal of Construction Engineering and Management
• /
• v.14 no.5
• /
• pp.26-34
• /
• 2013

Recently, many companies recognize the individual human resource as a core asset of the corporate value creation and devote a lot of effort to develop and manage competency-based human resource in order to strengthen the corporate competitiveness. As the integrated construction company taking the major portion in Korean construction industry, its construction engineers perform the construction supervision task with various related parties at each stage of the life cycle of the construction project. Therefore, the competency of a construction engineer is an important factor which have a direct impact on the success of the construction project. However, the current capability evaluation scheme of the domestic construction engineers is mainly oriented on the qualification factors such as the certificates or the seniority and this is quite different from evaluating the actual ability for construction management tasks. In this point of view, this study proposes the appropriate level of proficiency in cost management by analyzing the work process and its detailed items of the cost management that is the one of the basic management items of the construction industry. Based on this, this study analyzes the current competency level of the construction engineer by comparing with the required competency of each job position and also performs the engineer's work competency analysis of each work step.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.22 no.2
• /
• pp.802-809
• /
• 2021

To cope with the increasing maintenance costs due to aging, the maintenance cost was evaluated from the perspective of asset management. The maintenance cost can be predicted based on the condition of the bridge, and the life cycle cost is used as an index. In general, the condition of a bridge has a wide distribution characteristic depending on the deterioration, load, and material characteristics. In this paper, to evaluate the effect of the bridge conditions on the life cycle cost, condition prediction models were constructed considering the service life, deterioration rate, and inspection error, which are the main variables of the bridge condition and life cycle cost calculation. In addition, condition prediction models were constructed based on the distribution of the health index to estimate the upper and lower bounds of the life cycle costs that can occur in individual bridges. Life cycle cost analysis showed that the life cycle cost differed significantly according to the condition of the bridge. Accordingly, research will be needed to increase the reliability of predicting the life cycle cost of individual bridges.

• Journal of the Korean Institute of Landscape Architecture
• /
• v.43 no.1
• /
• pp.108-119
• /
• 2015

Recently, the ways in which individual communities own and manage parks have been both discussed and realized in America and England. Some benefits of these asset transfers are that local governments can reduce the financial cost of management as well as improve the service of the parks. In addition, communities can develop these parks as unique assets. Ultimately, this is a new understanding of parks as community commons. This study examines the policy of park asset transfers to communities in England. These transfers, which involve reallocating land and building management and/or ownership from the public sector to a community group, are part of a policy agenda known as "Big Society", which aims to create a "small government" within a "big society". The agenda is pursued by both the English Conservative and Unionist Party governments. Eight case studies of community park asset transfers in England were examined in this study, under three categories-transfer process, partnership among stakeholders, and financial structure-and synthesized along three issues-financial contribution, level of public transparency, and closeness of the relationship between park and community. In some cases, new community groups were created specifically to receive park assets, while in other communities, existing groups became the park trustees. For most parks, community groups raise park maintenance funding through diverse methods; however, these groups are often not entirely financially independent from local government. Thus, many park trustees have already created, or are planning to create, other assets from which parks can benefit. Second, some efforts for public transparency include trusts that are registered as charities, of which their public nature is admitted officially. These trusts resolve important decisions through boards of trustees, in an effort to promote income-generating business while not excluding users. Ultimately, a close relationship between park and community empowers the community to participate in managing and maintaining the park; in turn, the park's capacities are improved. Current struggles include the many limits involved in communities accepting ownership and management of a park, and a lack of local government experience regarding public-private management and maintenance of a public asset. This study, however, details interesting policy implications for Korean community involvement as well as diverse financial methods to facilitate park management.

• Journal of Information Technology Applications and Management
• /
• v.20 no.3_spc
• /
• pp.315-331
• /
• 2013

As the business has been highly informatized, many companies has bought the software for their works. There are two types of software license. One is a site license and the other is a user license. This paper is focused on the user license. User license has the number of the right to use software. So, software managers always need to know the number of licenses in use and should limit the number of software license in use. If someone in the company use a software without license, he will be treated as a piracy. In that case, the company should pay for the settlement cost for the exceeding license use. In this paper, we suggest the model how we can limit the installation of the software within the number of licenses by license management system.

• Journal of Biosystems Engineering
• /
• v.22 no.3
• /
• pp.343-350
• /
• 1997

In farm management, many factors should be considered to select optimum farm machinery Some factors such as fm size can be quantified, but other factors such as working experience can not be. Futhermore, as several factors are missed and assumptions are made for the selection using conventional computer programs, the result is sometimes questionable. This problem can be solved using artificial intelligent techniques such as expert system. In this study, an expert system was developed to select optimum machinery by considering available working days, machinery to on, farming environments, labor cost, population, etc. It also took into account the characteristics of machinery, turning radius, easiness of operation, subsidy, loan to purchase, asset. farmers age, Rest Metabolic Rate, and working experience, etc. Expertise and experience of human experts were utilized to develop the expert system. The developed expert system was evaluated by the human experts and others, and it was proved to be practically useful fir farmers.

• Journal of Applied Tourism Food and Beverage Management and Research
• /
• v.11
• /
• pp.135-135
• /
• 2000

The financial performance over the twenty four-year period (1968-1991) was analyzed with respect to six performance measures : current ratio, net sales to working capital for liquidity, total liabilities to net worth for solvency, asset turnover for activity, return on assets for profitability, and cost of operations for operating. Interesting enough, small size hotel companies have enjoyed great profitability while relatively big hotel companies have fallen under the average. Further, after a certain level of firm size, the costs of operations increase, not decrease, as plant size increase. This results lead to a conclusion that getting bigger is not always good financial decision.

• Proceedings of the Korean Institute of IIIuminating and Electrical Installation Engineers Conference
• /
• 2009.10a
• /
• pp.223-226
• /
• 2009

Various database and analysis system has been used for the cost effective maintenance of distribution facility but it is not effective because of the lack of interconnection among these systems. In order to overcome this problem this paper proposes reliability centered maintenance system based on the on-line monitoring of distribution system through intelligent distribution equipment. This system is made by the interconnection of distribution automation system, asset management system, failure analysis system and failure mode effect analysis system.

• Journal of Navigation and Port Research
• /
• v.41 no.2
• /
• pp.71-78
• /
• 2017

This paper aims to investigate the time-varying systematic risk of the stocks of Korean logistics firms. For this purpose, the period from January 1991 to October 2016 was examined with respect to 21 logistics companies that are listed on the Korea Exchange. The systematic risk of the logistics stocks is measured in terms of the Capital Asset Pricing Model (CAPM) beta for which the sensitivity of a stock is compared to the return changes of the whole market. Overall, the betas of the stocks of the Korean logistics companies are significantly lower than those of the market unity; however, it was revealed that the logistics betas are not constant, but are actually time-varying according to different economic regimes, which is consistent with the previous empirical findings. This finding is robust across different measurements of the logistics betas. In addition, the impact of macroeconomic factors on the logistics betas was examined. The present study shows that the logistics betas are positively associated with foreign exchange-rate changes.