• Title/Summary/Keyword: economic cycle

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A Conceptual Design and Feasibility Analyses of an Automated Pothole Patching Machine (도로면 포트홀 유지보수 자동화 장비의 개념디자인 및 경제적 타당성 분석에 관한 연구)

  • Yeom, Dong Jun;Yoo, Hyun Seok;Kim, Young Suk
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.34 no.4
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    • pp.65-74
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    • 2018
  • The primary objective of this study is to develop a conceptual design of automated pothole patching machine that improves the conventional work in safety, quality, and productivity. For this, the following research works are conducted sequentially; 1)literature review, 2)selection of element technology for conceptual design, 3)deduction of work process and conceptual design, 4)life cycle cost analysis of the conceptual design. As a result, X-Y table telescopic manipulator, pothole patching end effector, realtime pothole recognizer, 3D pothole volume profiler, automated pothole patching machine controller are selected as core technologies. Furthermore, a conceptual design and working process of an automated pothole patching machine are developed based on the core technologies. According to the life cycle cost analysis result, the cost of the automated method was 38.3% less than that of the conventional method, and the economic efficiency was also superior(ROR 77.1%, Break-even Point 23.8month). It is expected that the application range and impact on the construction industry will be enormous due to the increasing trend of road maintenance market.

The Synchronization of ASEAN +3 Business Cycles: Prerequisites for Common Currency Union

  • RIYANTO, Feri Dwi;ERLANDO, Angga;HARYANTO, Tri
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.781-791
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    • 2021
  • This study aims to analyze the relationship between the business cycles of the ASEAN +3 countries. In addition, the effects of the spillover value on the coincident indicators are determined. This study employs secondary data and uses multivariate time series of five ASEAN countries, namely, Indonesia, Malaysia, Singapore, Thailand, and the Philippines. The proxy was the real gross domestic product (GDP) collected annually from the CEIC, the IMF, and the World Bank for the period from 1964 to 2016. The data was plotted against two time periods, 1964-1998 as the pre-crisis period, and 1999-2016 as the post-crisis period. The index data was changed to the base year 2010. The data was subsequently separated from the trends and the cyclic components. The cyclic components were obtained by using Hondrick-Prescott filter, and them were further analyzed. The analytical method used was Contemporaneous and Cross-Correlation tools. The results showed that, before and after the crisis, the value of the business cycle correlation between ASEAN +3 countries was stronger and moved together at the same level of lag value. The implication of this research was an initial finding of the ASEAN +3 countries' prerequisites for the formation of a common currency.

Food Safety and Health Issues of Cultured Meat

  • Akter, Mst Khodeza;Kim, Myunghee
    • Journal of the FoodService Safety
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    • v.3 no.1
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    • pp.19-27
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    • 2022
  • The use of cultured meat, also known as in vitro meat, is claimed to be a way of meeting the growing demand for meat worldwide in a safe and disease-free manner, without sacrificing animal and lowering greenhouse gas emissions. However, its economic feasibility is limited by its cost, scale-up complexity, public neophobia and technophobia, and an imperfect knowledge of its impacts on human health. Cultured meat, which is obtained from stem cells using tissue engineering techniques, has been described as a potential alternative to the current meat production systems, which have extensive negative effects. To ensure that a food product is safe for human consumption, it is important to consider all aspects of its life cycle. In this context, the current review analyzes the major elements of the cultured meat life cycle, including the incorrect use of chemicals, such as pesticides or antibiotics, as well as improper processing and storage methods that determine the food safety of cultured meat. The purpose of this review is to determine food safety, health issues, and the potential risks associated with cultured meat production.

AN ASSESSMENT SYSTEM OF ECO-FRIENDLINESS OF CONSTRUCTED FACILITY IN THE DESIGN PHASE USING VALUE ENGINEERING

  • Byung-Soo, Kim;Dong-Eun, Lee;Suk-Hyun, Kwon;Min-Kwon, Choe
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1625-1629
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    • 2009
  • The new paradigm called 'Low Carbon Green Growth' involved in reducing greenhouse gas is on the rise as a critical issue worldwide. The essential of Kyoto protocol issued in 1997 is to achieve the sustainable economic growth environments by converting existing production system to eco-friendly one. The protocol imposes the liability to reduce greenhouse gas to the countries joined to it. The paradigm is directly involved in the energy consumption and environmental pollution caused by construction activities. Value Engineering which are mainly applied in the design phase in practice is a measure to improve the value of a constructed facility by analyzing and/or appraising the functions and costs of it. However, an appropriate method which assesses eco-friendliness of constructed facility has not been propose by researchers. This paper proposes a method which assesses the performance involved in eco-friendliness of constructed facility using Value Engineering (VE) in the design phase. The method estimates the environmental cost relative to the amounts of energy consumption and environmental pollution occurred over the entire project life cycle. The database called "Life Cycle Inventory DB", which stores information about the amounts of environmental pollution, is used. The algorithm which retrieves the amounts of environmental pollutions from the DB and converts them into environmental costs is developed. The algorithm is implemented into a system which quantifies the eco-friendliness of constructed facility in the design phase using VE.

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Labor Market and Business Cycles in Korea: Bayesian Estimation of a Business Cycle Model with Labor Market Frictions (노동시장과 경기변동: 노동시장 마찰을 도입한 경기변동 모형의 베이지안 추정을 중심으로)

  • Lee, Junhee
    • Economic Analysis
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    • v.26 no.4
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    • pp.39-64
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    • 2020
  • Typical business cycle models have difficulties in explaining key macroeconomic labor market variables, such as employment and unemployment, as they usually consider labor hour choices only. In this paper, we introduce labor market search and matching frictions into a New Keynesian nominal rigidity model and estimate it by Bayesian methods to examine the dynamics of the key labor market variables and business cycles in Korea. The results show that unemployment rates are largely explained by technology shocks, which affect the labor demand side, as well as labor supply shocks. In addition, wage bargaining shocks originating from the bargaining process between firms and workers have non-negligible negative effects on output and employment growth, and careful measures need to be taken to limit their adverse effects.

Analysis of the Effect of Local Universities on the Local Economy - Based on the Daranee Analysis -

  • Sung Hyun Park;Ki beom Kim
    • International Journal of Internet, Broadcasting and Communication
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    • v.15 no.2
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    • pp.73-80
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    • 2023
  • As a result of this study, the income generation effect of local universities on the local economy through the Daranee (1976) model was found to be 110.9 billion won (direct and indirect income 78 billion won, induced income 32.9 billion won). In the case of Korea, it has been verified through a number of previous studies that local universities play a role in preventing the outflow of local talent to the metropolitan area. Considering this, it seems that the government should make bold investments to foster local universities in terms of balanced national development. This is because the movement of local talents to the metropolitan area not only undermines the growth potential of the provinces and undermines the basis for regional existence, but also creates a vicious cycle that hinders balanced national development. To break this vicious cycle, the development of local universities is very important. It is judged that the horizon of balanced national development will be opened when local universities revitalize the local economy through the government's bold investment in local universities and are reborn as entities that provide various services based on the facilities and equipment of local universities.

Towards Instant Availability and Full Life Cycle Resilience in Vertical Cities: Automated Deployment and Transformation of High-Rise Buildings to Mitigate Social Challenges

  • Thomas Bock;Rongbo Hu
    • International Journal of High-Rise Buildings
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    • v.11 no.2
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    • pp.75-86
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    • 2022
  • High-rise buildings often can accommodate the population of small horizontal cities. The investment in high-rise buildings is considerable and therefore a rapid return on investment is necessary. The immediate availability of high-rise buildings can be achieved by automated prefabrication of highly finished modules and their instant on-site assembly by robotic and automated construction sites. A high-rise building as a vertical city can be considered as a sophisticated organism that can constantly change throughout its lifecycle in response to economic growth, demographic change, and environmental pressures. To date, many new urban high-rise developments claim to be "vertical cities", yet few represent this important characteristic. This article analyzed the technological readiness and innovations in the field of construction automation and robotics including single-task construction robots, automated on-site construction factories, and ambient assisted living. These technological advances enable the realization of future vertical cities that are able to continuously grow and transform in terms of form and function. Finally, the article proposes a visionary archetype of vertical city in the name of "dynamic vertical urbanism" that is easy to expand vertically and horizontally in order to achieve instant availability and full life cycle resilience thanks to advanced building technologies.

Determination of Combined Hardening Model Parameters to Simulate the Inelastic Behavior of High-Strength Steels (고강도 강재의 비탄성 거동을 모사하기 위한 복합경화모델 파라미터 결정)

  • Cho, EunSeon;Cho, Jin Woo;Han, Sang Whan
    • Journal of the Earthquake Engineering Society of Korea
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    • v.27 no.6
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    • pp.275-281
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    • 2023
  • The demand for high-strength steel is rising due to its economic efficiency. Low-cycle fatigue (LCF) tests have been conducted to investigate the nonlinear behaviors of high-strength steel. Accurate material models must be used to obtain reliable results on seismic performance evaluation using numerical analyses. This study uses the combined hardening model to simulate the LCF behavior of high-strength steel. However, it is challenging and complex to determine material model parameters for specific high-strength steel because a highly nonlinear equation is used in the model, and several parameters need to be resolved. This study used the particle swarm algorithm (PSO) to determine the model parameters based on the LCF test data of HSA 650 steel. It is shown that the model with parameter values selected from the PSO accurately simulates the measured LCF curves.

Factors influencing oral health according to life cycle characteristics of patients with diabetes (생애주기별 당뇨질환자의 구강건강영향요인)

  • Hye-Sook Choi
    • Journal of Korean society of Dental Hygiene
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    • v.24 no.3
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    • pp.253-262
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    • 2024
  • Objectives: This study aimed to identify the factors influencing the relationship between diabetes and oral health in Korean adults. Methods: We analyzed 5,319 adults who were included in the 9th Korea National Health and Nutrition Examination Survey. The data were analyzed for demographic characteristics, daily health care, and oral health care according to diabetic conditions using a complex sample analysis. Multiple logistic regression analysis was performed to analyze the factors influencing the oral health of patients with diabetes. Results: The factors influencing the oral health of patients with diabetes varied according to life cycle. In late middle-aged adults, statistically significant differences were observed in sex (p<0.001), educational level (p=0.030), economic activity (p=0.018), aerobic exercise (p=0.034), smoking (p=0.004), periodontal therapy (p=0.011), and prosthesis production/repair (p=0.025). In younger elderly individuals, statistically significant differences were found in terms of whether they lived together (p=0.027) and educational level (p=0.032). Conversely, no statistically significant differences were observed in the older elderly group. Conclusions: The results of this study showed that the level of oral health of patients with diabetes is already determined in middle and old age; therefore, a system should be prepared to ensure that health care can be systematically performed in late middle-aged adults.

Application of Real Option based Life Cycle Cost Analysis for Reflecting Operational Flexibility in Solar Heating Systems (실물옵션 기반의 LCC분석을 통한 태양열난방시스템의 운영유연성 반영 방안)

  • Choi, Ju-Yeong;Kim, Hyeong-Bin;Son, Myung-Jin;Hyun, Chang-Taek
    • Korean Journal of Construction Engineering and Management
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    • v.16 no.4
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    • pp.70-79
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    • 2015
  • With the rise of the interest in a renewable system, the importance of the Life Cycle Cost Analysis(LCCA), an economic evaluation tool, has been increasing. However, there is an inevitable gap between a real cost and an estimation from LCCA because of the uncertainty of the external environment in real world. As the input variables in an analysis, such as a real discount rate and an energy cost, ares subject to change as time goes by, strategic decision on the current operating system is made depending on the real cost. Current economic evaluation approaches have treated only the fluctuation of input variables without consideration of the flexibility in operation, which has consequently led to the impairment on the reliability of LCCA. Therefore, new approach needs to be proposed to consider both the uncertainty of input variables and operational flexibility. To address this issue, the application of the Real Option to LCCA is presented in this study. Through a case analysis of LCCA of a solar heating system, the limits and current status of LCCA are identified. As a result, quantitative presentation of strategic decisions has been added in the new approach to implement the traditional approach.