• Title/Summary/Keyword: contract system

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Practical Reasonability for Introducing Separate Contract Award System Concerning Asbestos Removal (건축주가 직접 발주한 석면해체공사 도급의 타당성에 관한 연구)

  • Son, Ki-Sang;Gal, Won-Mo;Kim, Hyoung-Suk
    • Journal of the Korea Safety Management & Science
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    • v.13 no.2
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    • pp.259-266
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    • 2011
  • Project owner, asbestos removal specialist, experts on asbestos removal work, as counter parts to be defined in the study to make out research goals have been asked with questionnaire survey and replied with 65, 275, 32 cases, respectively. And additionally, direct interview 73 sheets have been collected to find out current status of required engineers and equipments assigned and provided to the field, from them, three(3) concerned parties. Questionnaire subjects are composed of common items, reasonable unit cost, need of separate contract-awarding system, status of performing standard contract, status of providing legal engineers and equipments. Concentrated review of two~three questions by subject has been made to find out and compare idea results between three(3) concerned parties. First, legal and practical work status survey have been made to determine reasonability of introducing separate contract-awarding system, as a part of ensuring reasonable unit work cost. And then, two different status have been compared and there is introduction possibility of separate contract-awarding system, it is found out. The possibility of separate contract also has been confirmed by comparison of domestic legal grounds. Justificating grounds to introduce separate contract-awarding system have been shown. Standard contract status between asbestos removal specialists has been compared using two cases of providing removal work contract and receiving it. It is shown that case of 50 percent or less contains 38.5% when they receive contract, but only 10 percent reduction of original contract amount has been made when they provide it. It means that asbestos removal specialists do not keep occupational safety and health regulations.

Impact of Revenue Sharing Contract on the Performance of Vendor

  • Chungsuk RYU
    • The Journal of Industrial Distribution & Business
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    • v.14 no.9
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    • pp.21-30
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    • 2023
  • Purpose: Focusing on the role of the special contract to collaborate the supply chain operations, this study investigates how the revenue sharing contract affects the performance of Vendor Managed Inventory (VMI). Research design, data, and methodology: The optimization model is formulated to represent two stage supply chain system where the supplier and retailer manage the operations to maximize their own profits. Three supply chain models including the traditional system, VMI, and VMI with revenue sharing contract are compared in the numerical examples. Results: According to the numerical analysis, the entire supply chain system has greater profit under VMI than the traditional system, while VMI alone sacrifices the supplier's profit. With the proper sets of revenue share ratio and wholesale price discount rate, VMI with revenue sharing contract results in the increased profit for both supplier and retailer compared with VMI alone as well as the traditional system. Conclusions: The numerical examples imply that VMI, when it is combined with the revenue sharing contract, can be the effective collaboration program that satisfies every supply chain member. To make VMI with revenue sharing contract to be fair to all supply chain members, they need to agree on the appropriate contract content.

Investigation of Impact of Revenue Sharing Contract on Performance of Two-Stage Supply Chain System

  • RYU, Chungsuk
    • Journal of Distribution Science
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    • v.20 no.6
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    • pp.125-135
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    • 2022
  • Purpose: The revenue sharing contract has been used in various industries and it is expected to coordinate the individual companies' operations in a way to improve the whole supply chain performance. This study evaluates the performance of the revenue sharing contract to find out whether this contract achieves its original goal, the supply chain coordination. Research design, data, and methodology: The profit optimization models are developed to represent two stage supply chain system with a supplier and a buyer. By using the numerical examples of the proposed mathematical models, this study examines whether this supply chain contract coordinates the supply chain system. Results: The numerical examples show that the revenue sharing contract does not make the same supply chain profit as the centralized system does. With the proper combination of the wholesale price discount rate and revenue share ratio, both manufacturer and retailer can obtain increased profits from the revenue sharing contract. Conclusions: The outcomes of the numerical analysis imply that the revenue sharing certainly improves the supply chain performance but it does not fully coordinate the supply chain system. By controlling the wholesale price and revenue share ratio, every supply chain member can be beneficiaries of this supply chain contract.

A Study on Some Issues of Business and Law in relation to ICC Model Turnkey Contract - Focusing on ICC Model Contract for Turnkey Supply of Industrial Plant (ICC모델 턴키 계약의 쟁점에 관한 연구 - ICC Model Contract for Turnkey Supply of Industrial Plant를 중심으로 -)

  • Kim, Kyoung-Ok;Kim, Dae-Hwan
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.54
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    • pp.189-209
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    • 2012
  • This Work intends to study on some issues of business and law in relation to Contract for Turnkey Base System. The continuing advance of export system of the plant with the importance for efficient and effective management emphasizes the need for business and legal approach to uniform international model contract. ICC Model Contract for Turnkey Supply of Industrial Plant by ICC covers a particular category of turnkey contract, i.e. contracts for the supply of a plant or production line to be erected within facilities which already exist or which are constructed by the purchaser. Furthermore, the application of the ICC Model Contract for Turnkey Supply of Industrial Plant leaves much to be desired from a business and legal point of view. Therefore, there would appear to be room for compromise between the supplier and purchaser in respect to make a contact for Turnkey supply of industrial plant.

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A Study on the Legal System of SI Contract (SI 계약의 법적 성격에 대한 연구)

  • Kye, Kyoung-Moon
    • Journal of Information Technology Services
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    • v.2 no.2
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    • pp.31-38
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    • 2003
  • The rapid growth of Korean SI (System Integration) industries have established the largest marketplaces in Korea. Due to the characteristics and importance of SI industry, SI contract between developer and outsourcer is very much important. SI contract have the specific legal characters of undertaking, trust, mandate and etc. However, this paper attempts to establish the particular legal system of SI contract.

Evaluating the Performance of Revenue Sharing Contract in Three Stage Supply Chain System

  • Chungsuk RYU
    • Journal of Distribution Science
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    • v.22 no.1
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    • pp.95-103
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    • 2024
  • Purpose: Focusing on the complex supply chain operations beyond the simple dyadic relationship, this study evaluates the performance of the revenue sharing contract in three stage supply chain system. Research design, data, and methodology: The optimization model is developed to describe the supply chain system where one manufacturer, one wholesaler, and one retailer exist and pursue the maximum level of their own profits. In the numerical examples of the proposed supply chain model, two types of the revenue sharing contract, pairwise and spanning methods, are tested and their performances are compared with the traditional system. Results: The numerical analysis reveals that both types of the revenue sharing contract outperform the traditional system. All supply chain members can achieve the improved profits only when they determine the proper combination of revenue share ratios and price discount rates. Conclusions: This study finds out that both pairwise and spanning revenue sharing contracts can make the positive outcome that is acceptable to all members in three stage supply chain system. When the proper contract content is agreed among the supply chain members, the revenue sharing contract has the potential to be the practically feasible collaboration program for the multiple stage supply chain system.

Design and Implementation of Digital Contract System on the Mobile Environment : M-XContract (모바일 환경에서 전자 계약 시스템의 설계 및 구현 : M-XContract)

  • Hwang, Ki-Tae;Kim, Nam-Yun
    • The KIPS Transactions:PartC
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    • v.10C no.5
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    • pp.575-584
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    • 2003
  • Due to hardware resource limit and system incompatibility of the mobile device, and low bandwidth of wireless communication, there are a few difficulties in introducing the digital contract system based on wired communication to M-Commerce. To get over the difficulties, this paper defines a digital contract based upon XML and then addresses the design and implementation of M-XContract, a digital contract system for the mobile environment. M-XContract system has been constructed with the digital contract server, M-ESign module which contracts with the customer on the PDA and transfers the contract digitally signed to the server, M-EDecoder module which shows the contract to the customer from the server, and X-Auth which is a contract authoring tool. To evaluate the run-time performance of the M-XContract, we measured the digital signature generation time and transfer time to the server. The evaluation results show that the M-Xcontract is an efficient model for the mobile contract system.

A Survey on the Recognition and Effects of the Contract Screening System in Jeju Special Self-Governing Province (제주특별자치도의 계약심사제도 효과 및 인식 조사)

  • Lee, Dong-Wook;Kim, Yong-Tak
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.5
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    • pp.75-86
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    • 2010
  • The contract screening system is being introduced and operated as a model of advance budget reduction for local fiscal efficiency. But as the authority recognizes the contract screening system as a means of budget reduction, and companies recognize it as a means of budget curtailment, a contradictory understanding structure on the contract screening system is being formed. This research was prompted to propose a development method that will enable the contract screening system operating in Jeju Special Self-Governing Province to be appropriately established as a model of advance budget reduction. To achieve this, the operating status of the contract screening system was analyzed, and the recognition level on the contract screening system of the local government and companies was analyzed on the basis of contract screening data.

Cost Minimization of Solidity Smart Contracts on Blockchain Systems

  • Lee, Wan Yeon
    • International journal of advanced smart convergence
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    • v.9 no.2
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    • pp.157-163
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    • 2020
  • Recently the blockchain technology has been actively studied due to its great potentiality. The smart contract is a key mechanism of the blockchain system. Due to the short history of the smart contract, many issues have not been solved yet. One main issue is vulnerability and another main issue is cost optimization. While the vulnerability of smart contract has been actively studied, the cost optimization has been rarely studied. In this paper, we propose two cost optimization methods for smart contracts running on the blockchain system. Triggering a function in a smart contract program code may require costs and it is repeated continuously. So the minimization of costs required to trigger a function of smart contract while maintaining the performance equally is very important. The proposed two methods minimize the usage of expensive permanent variables deployed on the blockchain system. We apply the proposed two methods to three prevalent blockchain platforms: Ethereum, Klaytn and Tron. Evaluation experiments verify that the proposed scheme significantly reduces the costs of functions in the smart contract written with Solidity.

Review of Revenue Sharing Contract: Evaluating its Role for Supply Chain Coordination

  • RYU, Chungsuk
    • The Journal of Industrial Distribution & Business
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    • v.13 no.3
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    • pp.1-12
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    • 2022
  • Purpose: The revenue sharing contract has been widely used in industries, and its ability to coordinate the supply chain system has been studied by numerous researchers. By reviewing the representative studies on the revenue sharing contract, this study intends to analyze the key features of this coordinating contract and identify its potential to be a more advanced coordination program than the original contract. Research design, data, and methodology: This study reviews past studies on the revenue sharing contract. The selected studies are investigated with a focus on how this contract is described to realize the supply chain coordination and the key issues that they address. Results: The literature review reveals that the revenue sharing contract requires standardized details about what and how to share. This study also finds additional issues that need to be addressed by researchers to improve this coordinating contract. Conclusions: Future researchers are advised to unify the detailed contents of the revenue sharing contract to confirm that it successfully coordinates the supply chain system. In addition, this study proposes key research issues that would enhance the role of revenue sharing contract as a supply chain coordination program.