• Journal of the Architectural Institute of Korea Structure & Construction
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• v.35 no.2
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• pp.37-44
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• 2019

The primary objective of this study is to develop a prototype of all-in-one attachment-based PHC pile head cutting robot that improves the conventional work in safety, productivity, and quality. For this, the following research works are conducted sequentially; 1)literature review, 2)development of an all-in-one attachment-based PHC pile head cutting robot prototype, 3)performance evaluation of each device, 4)economic analysis of an automated method. As a result, PHC pile cutting level sensing device, PHC pile cutting device, PHC pile handling device are developed. Futhermore, working process of an automated method is developed based on result of performance evaluation. According to the economic analysis result, the cost of the automated method was 21.37% less than that of the conventional method, and the economic efficiency was also superior(ROR 215.44%, Break-even Point 5.52month). It is expected that conclusions for future improvements are used in the development of the all-in-one attachment-based PHC pile head cutting robot to practical use.

• Journal of Hydrogen and New Energy
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• v.33 no.3
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• pp.183-201
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• 2022

In this study, economic feasibility analysis was performed when various hydrogen production and transport technologies were applied to derive hydrogen supply plans by period. The cost of hydrogen may vary depending on several reasons; configuration of the entire cycle supply path from production, storage/transportation, and utilization to the cost that can be supplied to consumers. In this analysis, the hydrogen supply price according to the hydrogen supply route configuration for each period was analyzed for the transportation hydrogen demand in metropolitan area, where the demand for hydrogen is expected to be the highest due to the expansion of hydrogen supply.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.9
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• pp.317-325
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• 2022

The simple regression model (SRM) is used in this study to look at potential economic growth-influencing factors. The sample's period runs from 2005 to 2019. The data was gathered from various ministries and government agencies such as the Central Bank of Afghanistan's Statistical Bulletin, the World Bank, the United Nations (UN), World Bank open data, NASA, Ministry of Finance (MoF), Ministry of Economy (MoE), and Central Bank of Afghanistan's Statistical Bulletin (CBA), as well as the internet and news. There is an urgent need to ensure that taxes are collected in the most efficient manner possible because one of the enormous management gaps in Afghanistan over the last two decades has been tax evasion. According to the results of this study, tax evasion has a negative and significant impact on Afghanistan's economic growth. We can affirm that the subject of this article is among the most significant topics recently discussed in my country. If the right solutions are implemented, It can significantly contribute to quickening the cycle of the developing Afghan economy and turning it from an unstable to a sustainable one.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.4
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• pp.21-30
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• 2022

To mitigate the environmental impacts of the energy sector, the government of South Korea has made a continuous effort to facilitate the development and commercialization of renewable energy. As a result, the efficiency of renewable energy plants is not a consideration in the potential site selection process. To contribute to the overall sustainability of this increasingly important sector, this study utilizes the Black-Scholes model to evaluate the economic value of potential sites for off-site wind farms, while analyzing the environmental mitigation of these potential sites in terms of carbon emission reduction. In order to incorporate the importance of flexibility and uncertainty factors in the evaluation process, this study has developed a site evaluation model focused on system dynamics and real option approaches that compares the expected revenue and expected cost during the life cycle of off-site wind farm sites. Using sensitivity analysis, this study further investigates two uncertainty factors (namely, investment cost and wind energy production) on the economic value and carbon emission reduction of potential wind farm locations.

• Proceedings of the Korean Society of Computer Information Conference
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• 2023.01a
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• pp.443-445
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• 2023

Following the global financial crisis, the global value chain contracted, and characteristics of "reverse globalization" of the economy and trade gradually emerged. This is due to the term "reverse globalization" referring to a shift away from globalization. Within a short period of time, the phenomenon known as "reverse globalization" developed as an inescapable obstacle, coinciding with the development and dissemination of the COVID-19 virus. At some time in the distant future, the "reverse globalization" of economic trade and the "globalization" of the digital economy will co-dominate the shifting trend of the global economic landscape. This will happen gradually over time. The goal of this research is to look at the minor changes that happened in the methods and techniques used by the economic mechanism known as "globalization against the flow." It employs Chinese smart manufacturing companies as a model and proposes a digital drive model to investigate the prospects and constraints of smart manufacturing technology enterprise innovation development under "reverse globalization," with the goal of establishing a digital innovation development path. The theoretical insights given in this study have the potential to serve as a reference for China as it attempts to build a new growth pattern based on a double-cycle and promote a new type of globalization.

• International conference on construction engineering and project management
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• 2011.02a
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• pp.132-141
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• 2011

Australia has joined many governments to adopt public-private partnership (PPP) as a major strategy for procuring infrastructure for decades. However, failures have occurred although the market has been considered to be a mature and sophisticated one. Failures have typically been traced back to inappropriate economic evaluation and a lack of value-for-money. In particular, a literature review has identified that there was no holistic consideration on the evaluation of procurement transactions of PPP projects. The transaction costs of PPPs were not handled properly. In this paper, theories of transaction cost economics are proposed for the purpose of such a holistic institutional economic evaluation. These theories are analysed in order to identify potential critical success factors for a strategic infrastructure procurement framework. The potential critical success factors are identified and grouped into a number of categories that match the theories of transaction cost economics. These categories include (1) Asset Specificity, (2) Organizational Capability, (3) Transaction Frequency, (4) Behavioural Uncertainty, and (5) Environmental Uncertainty. These potential critical success factors may be subject to an empirical test in the future. The proposed framework will offer decision makers with an insight into project life cycle economic outcomes needed to successfully deliver PPPs.

• Korean Chemical Engineering Research
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• v.51 no.2
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• pp.221-225
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• 2013

Sustainability, in general, means the protection of environmental resources and economic prosperity, with the consideration of the social, economic and environmental effect, as well as human health and the enhancement of life. Profound consideration about sustainability has to handle the overall cycle of feedstock, resource extraction, transportation and production in addition to the environmental effect. Sustainable development of the chemical industries should be carried out complementarily by strengthening the chemical process safety of the industries. In this respect, chemical process safety can be called an opportunity to enhance the compatibility internationally. Changing new paradigm in chemical process safety is formed from the overall life cycle considering basic design of existing systems and production processes. To improve the chemical process safety, the integrated smart system is necessary, comprising various chemical safety database and knowledge base and improved methods of quantitative risk analysis, including management system. This paper discussed the necessity of overall life cycle in chemical process safety and proposed new technology to improve the sustainability. To develop the sustainable industries in process systems engineering, three S, which include Safety, Stability and Security, will have to be combined appropriate.

• Journal of the Korean Society for Railway
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• v.19 no.1
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• pp.77-86
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• 2016

Before urban railway vehicles reach their design life-span, operating agencies should determine when to buy new vehicles. Previous LCC (Life Cycle Cost) studies were limited because they independently focused on existing vehicles based on costs that directly impacted only the operating agency without considering effects such as social costs and the reduction of maintenance costs. Thus, it is difficult to systematically determine when to buy new vehicles. This study investigated the operating and maintenance related costs, especially from additional expenses and social costs due to unexpected vehicle failures and safety accidents, and did an economic analysis of scenarios with different discount rates. Considering that the public is very concerned about safety after the Sewol ferry accident, additional costs, which include social costs, should be included in the analysis. This study shows that the economic priority of scenarios may change depending on whether those costs are included and on the discount rate. The results of this study can help in the decision-making process for the planning and buying of new trains.

• Journal of the Korean Regional Science Association
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• v.40 no.3
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• pp.75-93
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• 2024

This study examines the impact of moving to an opportunity-rich area on an individual's wage income to identify the relationship between regional disparities in opportunities throughout a person's life cycle and life outcomes. Based on the Graduate Occupational Mobility Survey (GOMS) provided by the Korea Employment Information Service, individuals with similar life experience prior to regional mobility were selected and analyzed using the Propensity Score Matching (PSM) method. Specifically, the life cycle was classified into stages such as pre-high school, university entrance period, and employment period. Then, a path model was established to analyze regional mobility, education, employment, and wage income by life cycle stage. The analysis results indicate that the life cycle stage where regional mobility had the greatest impact on an individual's economic performance, that is, the stage where the impact of opportunity disparities was most unequal, was the university entrance period. Additionally, moving to an opportunity-rich area was a critical factor that cumulatively affected subsequent life. Hence, pre-high school mobility was also noteworthy as it induced life in the central area later on. Lastly, while parental income itself was influential, but when combined with regional mobility, it could act as a means of transferring wealth to the next generation. These results suggest that the state should strive to alleviate the regional imbalance around universities by fostering universities outside the capital region and reduce the possibility of the influence of parents' socio-economic background on regional mobility.

• Industry Promotion Research
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• v.5 no.1
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• pp.125-135
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• 2020

This study is to suggest a social welfare policy to overcome the exclusion from the three sectors of economic life, income, labor market, housing, etc., which are the most important items of the welfare of the elderly in the life cycle. The results are as follows. First, income security policies should be comprehensively established and implemented. National institutional guarantees such as national pensions, basic pensions, and national basic living security should be sufficient. Second, housing policy must be reasonably improved. Since housing is a problem for the elderly, policies that suit the taste of the elderly should be effectively established and executed. Third, national and social agreement is needed. Geriatric welfare policies basically require social consensus. In conclusion, measures to overcome the economic exclusion of the elderly should be sought comprehensively in the long-term and various fields. There must also be an explicit agreement from the members of the society. a social welfare policy to overcome from economic exclusion should find ways to overcome the elderly's right to life.