• Title/Summary/Keyword: general construction industry

Search Result 298, Processing Time 0.028 seconds

Predicting Default of Construction Companies Using Bayesian Probabilistic Approach (베이지안 확률적 접근법을 이용한 건설업체 부도 예측에 관한 연구)

  • Hong, Sungmoon;Hwang, Jaeyeon;Kwon, Taewhan;Kim, Juhyung;Kim, Jaejun
    • Korean Journal of Construction Engineering and Management
    • /
    • v.17 no.5
    • /
    • pp.13-21
    • /
    • 2016
  • Insolvency of construction companies that play the role of main contractors can lead to clients' losses due to non-fulfillment of construction contracts, and it can have negative effects on the financial soundness of construction companies and suppliers. The construction industry has the cash flow financial characteristic of receiving a project and getting payment based on the progress of the construction. As such, insolvency during project progress can lead to financial losses, which is why the prediction of construction companies is so important. The prediction of insolvency of Korean construction companies are often made through the KMV model from the KMV (Kealhofer McQuown and Vasicek) Company developed in the U.S. during the early 90s, but this model is insufficient in predicting construction companies because it was developed based on credit risk assessment of general companies and banks. In addition, the predictive performance of KMV value's insolvency probability is continuously being questioned due to lack of number of analyzed companies and data. Therefore, in order to resolve such issues, the Bayesian Probabilistic Approach is to be combined with the existing insolvency predictive probability model. This is because if the Prior Probability of Bayesian statistics can be appropriately predicted, reliable Posterior Probability can be predicted through ensured conditionality on the evidence despite the lack of data. Thus, this study is to measure the Expected Default Frequency (EDF) by utilizing the Bayesian Probabilistic Approach with the existing insolvency predictive probability model and predict the accuracy by comparing the result with the EDF of the existing model.

A Study of Construction Management Professionals' Vocational Ethics (CM전문가의 직업윤리에 관한 연구)

  • Kim, Seung-Jin;Kwun, Joon-Bum;Lee, Jae-Wook;Kim, Han-Soo
    • Korean Journal of Construction Engineering and Management
    • /
    • v.13 no.3
    • /
    • pp.89-98
    • /
    • 2012
  • The growth of CM(construction management) market poses business opportunities and challenges to improve vocational ethics of CM professionals and firms. Ensuring the vocational ethics of CM professionals is an important issue not only for individual CM professional but also CM firms and CM industry in general. The objective of the study is to investigate relationships between the importance and performance of CM professionals' vocational ethics and discuss key characteristics and implications. The IPA(Importance-Performance Analysis) technique is used as a research tool. Findings show that quality CM service and competencies are the core of CM professionals' vocational ethics. But there exists a gap between importance and performance of CM professionals' vocational ethics.

Proposal for Developed Procurement and Material management System On Using Previous System Analysis in Plant Engineering (플랜트 구매조달 및 자재관리 시스템 개발 요구사항 분석을 통한 개발 방향 제시)

  • Lee, Seung-Hun;Kim, Sun-Kuk;Lee, Jun-Bok;Han, Choong-Hee
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2006.11a
    • /
    • pp.204-209
    • /
    • 2006
  • Despite the recent depression of the construction industry, overseas plant market especially Middle East plant market is booming owing to the high oil price. Since many Middle Eastern countries are placing orders of big scale projects based on the high oil price, Korean EPC contractor are trying to get over the depression through theses plants. Presently, since the plant market is in prosperous condition in general, it is not hard to get overseas orders; however the original licenses that requirehigher technology and high added values are exclusive for advanced engineering companies which great difficulty is predicted for developing countries like us to join the crowd. Therefore, the objective of this study is to propose establishment of material management system on the filed to gain optimized effect of material management in connection with procurement system that all the procurement related personals execute tasks in advanced level by systemizing the task operation within the knowledge and task ability in time for plant construction procurement as a method to strengthening the competitiveness of Korean companies.

  • PDF

A Study on the Building Layout and Space Composition of Dodong-Seowon (도동서원(道東書院)의 배치형태(配置形態)와 공간구성에 관한 연구(硏究))

  • Yoo, In-Ho;Ha, Heon-Jeong
    • Journal of the Korean Society of Industry Convergence
    • /
    • v.11 no.3
    • /
    • pp.141-148
    • /
    • 2008
  • Most of the recent studies on Seowon have been done just in terms of classification of general kinds of building layout, so there are a few things ignored such as the way they were arranged, the compositional process of buildings etc.. Although the classification of types itself is meaningful in the study on Korean traditional architecture, there has been some limitation in deep analysis of each style. The aim of this study is to find out the characteristics of the building layout and space composition of Dodong-Seowon with the viewpoint of the process of changes of it during the time through the survey and analysis on both the existing site layout and the measuring unite of scale applied to the original construction of each building. Hierarchical order scheme was considered in the design of the space proceeding from the entrance to the main space and of the building position, axis and the roof heights of buildings.

  • PDF

Development Status of Solar Garments and a Survey on the Solar Clothing Construction (태양에너지 활용 의복의 개발 현황 고찰 및 의복 설계를 위한 기초 연구)

  • Jeong, Yeon-Hee
    • Fashion & Textile Research Journal
    • /
    • v.13 no.5
    • /
    • pp.806-814
    • /
    • 2011
  • A solar jacket, which utilizes solar energy for generating electricity, is an example of clothing developed by the fusion of multiple technologies; such fusion of technologies can lead to further developments in the clothing industry and other industries in general. Many research institutes and garment manufacturing companies in Europe and America are developing solar garments; various solar-based products manufactured using solar cells, photovoltaic batteries, etc. are being sold at high prices. The purpose of this study was to investigate the development status of solar garments and their application for generating photovoltaic energy; the study also identified the type of design and upper body clothing preferred by Korean in their early 20s. The survey participants were 188 university students aged between 20 and 25. The design of the proposed six types of solar clothing was evaluated and rated; they were then ranked on the basis of the ratings. A survey on the management of solar garments was conducted, and ratings were assigned according to a 5-point Likert scale, with 5 indicating the strong affirmation. The survey results showed that among the six types of clothing, protective clothing (50%) and sportswear (22%) were more preferable than the others (working clothes (16%), casual clothes (3%), everyday wear(6%), and suits(1%)). Among the six proposed designs, the jumper design (22%) and jean jacket design (21%) were preferred over the others (casual jacket (19%), casual jacket I (15%), classic suit (14%), and climbing jacket (9%)). Factorial analysis of the management of solar garments revealed that the most important factors were the properties of the solar cell and time required for battery charging, and the second important factors were clothing weight and comfort.

An Experimental Study on the Fundamental Properties of Zeolite Concrete (제올라이트 콘크리트의 기초 물성에 관한 실험적 연구)

  • Jo, Byung Wan;Choi, Ji Sun
    • Journal of the Korea institute for structural maintenance and inspection
    • /
    • v.16 no.1
    • /
    • pp.1-8
    • /
    • 2012
  • Since the cement industry is expected to face serious setbacks in the near future associated with environmental concerns. With the advent of new technologies and increased public awareness about global environmental issues, the cement industry is actively seeking to adopt new technologies as part of an effort to diversity its resources. This study is designed to assess the fundamental properties of zeolite cement concrete which consists mainly of natural zeolite, which is known for removal of and harmful gas, ion exchange capacity removing cation contaminant including heavy metals and ammonia, absorptive capacity and molecular sieving effect together with excellent insulation capacity as a porous material, and recently draws much attention for its possibility as an alternative material to cement. The study was conducted to show the compressive strength of concrete, slump, bleeding and air volume according to the changes of natural zeolite and alkali activator(NaOH). As a result of measuring the compressive strength of natural zeolite concrete, it was almost 40MPa and displayed similar to general concrete in the tests of slump, bleeding and air volume, with which it was considered that it may be used as a future high performance, high performance construction material.

A Study on the Development and Application of a Small Shipyard Customized Production Process Planning and Management System (소형조선소 맞춤형 생산공정 계획관리 시스템 개발 및 적용에 관한 연구)

  • Kim, Young-Hun;Hong, Min-Jong;Baek, Seung-Ju;Lee, Won-Seok;Jo, Yong-Hwa;Lee, Dae-Hyung;Lee, Hoon-Sick;Na, Sung-Tae
    • Journal of the Korean Society of Industry Convergence
    • /
    • v.25 no.1
    • /
    • pp.79-86
    • /
    • 2022
  • In general, since the types and types of ships, so complex and various variables are included to measure the amount of construction work. In addition, it is mot easy to predict the schedule or the number of working hours before ship construction, and it is also mostly inaccurate. As a result, the master plan is manually drawn up by the expert's experience, but there are limitations due to various factors. Medium and large shipyards are operating APS(Advanced Planning and Scheduling) system that reflects industrial characteristics to improve productivity in the planning stage, and utilize information from systems such as ERP(Enterprise Resource Planning) system and MES (Manufacturing Execution System). On the other hand, small shipyards rely mostly on manual work such as Excel work based on the experience of the workers. Therefore, this study intends to develop a master plan management system that can efficiently manage the production process from the business planning stage in consideration of the characteristics of small shipyards.

The Relationship between Hospital Selection by Employer and Disabilities in Occupational Accidents in Korea

  • Ahn, Joonho;Jang, Min;Yoo, Hyoungseob;Kim, Hyoung-Ryoul
    • Safety and Health at Work
    • /
    • v.13 no.3
    • /
    • pp.279-285
    • /
    • 2022
  • Background; In the event of an industrial accident, the appropriate choice of hospital is important for worker health and prognosis. This study investigates whether the choice of hospital by the employer in the case of industrial accidents affects the prognosis of injured employees. Methods; Data from the 2018 Panel Study of Workers' Compensation Insurance in Korea were used in an unmatched case-controlled study. The exposure variable is "hospital selection by an employer," and the outcome variable is 'worker's disability." Odds ratios (ORs) were estimated by modified Poisson regression and adjusted for age, gender, underlying disease, injury severity, and workplace size and stratified by industrial classification. The group at increased risk was analyzed and stratified by age, gender, and area. Results; In the construction industry, hospital selection by the employer was significantly associated with increased risk of disability (adjusted OR 1.26; 95% confidence interval [CI]; 1.20-1.32) and severe disability (adjusted OR 1.38; 95% CI; 1.08-1.76) among the injured. Female and younger workers not living in the Seoul capital area were more at risk of disability and severe disability than those living in the Seoul capital area. Conclusions; Hospital selection by employers affects the prognosis of workers injured in an industrial accident. For protecting workers' health and safety, workplace emergency medical systems should be improved, and the selection of appropriate hospitals to supply treatment should be reviewed.

Evaluation of the Applicability of Existing Design Formula for Seismic Isolation to Nuclear Power Plants (원자력발전소 면진적용을 위한 기존 설계식의 적용성 검토)

  • Kim, Hyun-Uk
    • Journal of the Earthquake Engineering Society of Korea
    • /
    • v.16 no.6
    • /
    • pp.29-36
    • /
    • 2012
  • Involved in a research for the application of seismic isolation to the nuclear industry, this study evaluates firstly the responses of seismic isolation system considering general ranges of structural period and damping ratio by using preliminary design formula. Secondly, coupling effects of input motions were evaluated to find out appropriate conditions of excitations and effect of the iteration for calculating yield displacement of lead core was also assessed in terms of response of a seismically isolated structure. Finally, the results of preliminary design calculation were compared with those of dynamic analysis and the propriety of the formula was evaluated and appropriate ranges of reduction factor were also suggested from the results.

Aerial Working Platform Training Simulator (고소작업대 조종훈련용 시뮬레이터)

  • Ki, Jae-Sug
    • Journal of the Korea Safety Management & Science
    • /
    • v.9 no.4
    • /
    • pp.57-62
    • /
    • 2007
  • Aerial working platform is recently used broadly in heavy industry and construction field and also the utilization of it is growing. However, the raise of critical incident caused by unskilled operator is increased gradually. To reduce and prevent such incident, the training for operating is essential. It's not easy to cover the requirements for the training with real platform because of the high price of it, safety and weather condition. This paper proposes a simulator for the training based on virtual reality to give the training safely regardless to the weather condition and the simulator is deliverable in lower price than real one. The simulator proposed in this paper is available to be set according to the level of trainee's skill managing and be also applied for the design of general heavy equipment training simulator.