• Journal of the Society of Disaster Information
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• v.16 no.2
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• pp.276-290
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• 2020

Purpose: The construction history of domestic port facilities has been more than 100 years, and until recently, modern facilities have been continuously built and expanded. However, it is not easy to keep the required performance conditions at the time of initial construction due to changes in the marine environment and increase in volume. In particular, in the case of harbor structures that have a long service life, safety performance and function management are becoming very important due to the increase in the size of ships, the increasing frequency of use, and the increase in the scale of natural disasters. Method: Therefore, this study investigates the state change by structural type of port facilities and analyzes the rehabilitation activities and the history that contribute to the performance improvement and life extension activities. Result: Through this, we distinguished between performance improvement cost (CAPEX) and repair maintenance activity (OPEX) that can be used to establish port facility maintenance strategy, and suggested cost model that can be used to establish maintenance strategy. Conclusion: These studies are expected to contribute greatly to mid- to long-term investment decisions.

• Journal of Korean Society of Forest Science
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• v.103 no.3
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• pp.490-502
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• 2014

This study investigates the cultivation processes of major nuts and fruits such as Ginkgo biloba L., Vitis coignetiae, Actinidia arguta Planch, Rubus coreanus Miq., and Rubus crataegifolius and analyzes standard income in order to provide foundational data necessary to make reasonable policies related with the criteria of compensating the loss of forest products or diagnosis of forestry management. According to the research results, the types of cultivation by items can be largely divided into open field culture and mountainous culture. Regarding the average annual income per unit area (3.3) by items, the open field culture of Ginkgo biloba L. was 1,060 Won, mountainous culture of Ginkgo biloba L. was 618 Won, open field culture of Vitis coignetiae was 5,891 Won, mountainous culture of Actinidia arguta Planch was 8,113 Won, open field culture of Rubus coreanus Miq. was 14,701 Won, and open field culture of Rubus crataegifolius was 17,482 Won or so; thus, the average annual income of Rubus coreanus Miq. and Rubus crataegifolius was very higher than that of the other items. In particular, because the production of Rubus crataegifolius starts two years after the planting and they rely on family labor mainly for the cultivation, the expenses for employment and labor were analyzed to be low. In addition, the analysis shows that at most of the nuts and fruits cultivation, initial investment costs for facilities or seedlings occupy a great part as about 30% averagely out of the management cost, so it is thought that the government should provide proper support to vitalize the cultivation.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.3
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• pp.1151-1156
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• 2011

Leveraged buyouts (LBO) means the acquisition of a company using bonds and loans. There are the prolific volumes of LBO transactions in the international M&A markets, and its influence to the financial market is increasingly huge. However, there are very few LBO transaction in the domestic M&A market and there are also few researches in this field due to the private nature of LBO transactions. Once a company is privatized through a LBO transaction, it is not so long before it is relisted on the stock exchange or it is resold to a third-party investor. In order to repay the borrowed money, an LBO investor may decide to end a company's private status through an exit via an initial public offering (IPO) or a takeover. In this paper, we expand Kaplan's study on the organizational status of post leveraged buyout (LBO) transaction. We find that there is a significant change starting 1986. Most notably, fewer LBOs remain private, the median holding period of the LBO was cut in half to 3.2 years and of those that exit, IPO exits had significantly shorter holding periods. Regression analysis shows that good market conditions lengthen the holding period of a LBO investment whereas the size of the transaction shortens it.

• Korean Journal of Construction Engineering and Management
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• v.5 no.1 s.17
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• pp.99-106
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• 2004

Efficiency and efficient management on maintenance/repair/operation (MRO) phase is getting important with advance in technologies and complex functionalities of building and facility, Using software systems as well as advanced hardware systems in MRO area is spreading along with this trend to take advantage of information technology. Information of building and facility for MRO phase is derived from engineering/procurement/construction (EPC) phase. But most current commercial software systems in EPC and MRO are focusing on their own phase, which arise lack of consistency of information from EPC to MRO phase. But, the information system now used at the MRO phase stop flowing the building and the facilities information and then newly create. Moreover, from an asset management point of view, asset particulars such as the structures and equipments are different the value fluctuation. In order to reflect these information rationally, the construction costs are correctly distributed and the initial price of the asset particulars have to be estimated. In this study, develop the information model which can apply the cost information at the EPC phase to the MRO phase.

• Journal of Korean Society of Environmental Engineers
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• v.35 no.5
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• pp.363-370
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• 2013

Small scale hydropower is one of most attractive and cost-effective energy technologies for installation within sewage treatment plants. This study was conducted to evaluate the potential of a semi-kaplan micro-hydropower (MHP) system for application to sewage treatment plants with high flow fluctuations and a low head. The semi-kaplan MHP is equipped with an adjustable runner blade, and is without a guide vane, so as to reduce the incidence of mechanical problems. A MHP rating 13.4 kWp with a semi-kaplan turbine has been considered for Kiheung Respia sewage treatment plant, and this installation is estimated to generate 86.8 MWh of electricity annually, which is enough to supply electricity to over 25 households, and equivalent to an annual reduction of 49 ton $CO_2$. The semi-kaplan turbine showed a 90.2% energy conversion efficiency at the design flow rate of 0.35 $m^3/s$ and net head of 4.7 m, and was adaptable to a wide range of flow fluctuations. Through the MHP operation, approximately 2.1% of total electricity demand of Kiheung Respia sewage treatment plant will be achievable. Based on financial analysis, an exploiting MHP is considered economically acceptable with an internal rate of return of 6.1%, net present value of 15,539,000 Korean Won, benefit-cost ratio of 1.08, and payback year of 15.5, respectively, if initial investment cost is 200,000,000 Korean Won.

• The Journal of the Korea Contents Association
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• v.17 no.4
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• pp.1-11
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• 2017

Interest in all kinds of renewable energies has been highly increased while the micro-small-hydro power(MSHP) development has shown relatively slowly growth because of the negative public recognition about dam site development. It is, however, announced that the micro-SHP shows higher energy conversion efficiency compared to other renewable energies and does not emit any carbon dioxide. Thus, it is concerned about the development and application of micro-SHP as an alternative energy. In this study, the application for Android was exploited with Eclipse to visualize readily the potential realizable amount of hydropower by micro-SHP. With this application, we can select the region from the map, obtain the design discharge of the selected site was calculated with HEC-HMS, presented by U.S. Army of Corp. and perform the simply economic analysis in sequence. Yeongwol in Gangwon-do Province, Korea was chosen as the target area since historically abundant precipitation was found and it is possible to obtain fundamental data from WAMIS. Results from this study could be expanded the whole region of Korea. Also, the initial investment cost would be reduced if the location for micro-SHP would be determined properly, because this application can help us easily select and examine the potential micro-SHP sites without on-the-spot visit.

• Journal of KIISE:Software and Applications
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• v.34 no.4
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• pp.303-316
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• 2007

Even though many approaches for reuse have been introduced, software engineers are still hesitating to reuse existing software components. Among various reasons for the phenomena, the most significant one is that existing approaches failed to give substantial benefit for the reduction of developers' effort in reusing software assets. To solve this problem, we introduce a custom reuse model utilizing diverse aspects of components specified by RAS and services oriented architecture. We also carried out a case study to demonstrate its feasibility and evaluated it by comparing it to an existing code-based software reuse process. The proposed reuse model helps in the reduction of effort in reusing existing components by decreasing the time for searching and understanding them. Compared to other approaches such as product line engineering, our approach for software reuse using MPC does not require much initial work for implementing the reuse model in different projects. It is of interest to software engineers who are worried about heavy investment, which can cause the delay in their usual development work. Furthermore, the proposed reuse model is not mutually exclusive with other approaches for software reuse such as CBSD or product line engineering. It can accelerate the benefits gained from them.

• Journal of Distribution Research
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• v.16 no.3
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• pp.33-75
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• 2011

The ownership structure of a franchise system is determined by the franchisor's strategic choice. A close look at the extant theories and perspectives in economics and management such as resource scarcity theory, agency theory, transaction cost analysis, and mixed ownership theory reveals that firms choose their ownership structure for the sake of economic efficiency, profit potentials, the chance of survival, and other strategic concerns. The present study, on the basis of strategic choice perspective, reviews the divergent theories of a franchise system's ownership structure and its determinants, thus providing a theoretical framework for comparing the contradictory arguments along the several critical dimensions. We also developed and tested the conflicting hypotheses regarding key determinants of ownership structure including firm's age, size, transaction-specific investments, uncertainty, and risk-sharing propensity. Using a FDD (Franchise Disclosure Document) data set of 543 Korean franchisors, we found that the years in business, the total number of employees, days of training, the inverse of the years of franchising, and the requirement of royalty payment have positive relationships with the proportion of company-owned outlets to total number of outlets. On the other hand, the proportion of company-owned outlets was found to have negative relationships with the total number of outlets and the extent of geographic dispersion of outlets, but to have no significant relationships with the initial investment required and the inverse of contract length. Based on the findings, we provide several theoretical and managerial implications for studying ownership structure of franchise systems.

• Resources Recycling
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• v.9 no.1
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• pp.36-43
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• 2000

This study was carried out for treatment and reuse of inorganic sludge from Fenton process at B dyeing wastewater treatment plant. The parameters for pilot-scale treatment system were derived from the results of this study. It was found that $COD_{cl}$ of the treated effluent became lower than 100 mg/l approximately on the optimal reaction condition. 2nd sludge which was generated after redissolving sludge was analyzed, and it showed that reduction ratio of ash in 2nd sludge and total dry sludge weight in comparison with current sludge were 85% and 65%. Also Fe salt in sludge was redissolved about 90~95% of initial Fe by weight. It was estimated almost ￦350,000,000 for sludge reuse process. It was estimated saving of about ￦1,300,000 per day (￦420,000,000 per year) in operating cost based on 30,000 $m^3$/d treatment, which these were about ￦430,000 per day in chemical, ￦1,100,000 per day in sludge transportation and ￦200,000 per day in equipment maintenance. Payback period with interest charge for investment cost was estimated about 10.5 months. Also, net present value (NPV) was ￦792,000,000 and internal rat of return (IRR) was about 110%.

• Journal of Korea Water Resources Association
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• v.53 no.2
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• pp.89-96
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• 2020

Water management agencies under the Ministry of Environment produce and accumulate qualified basic data for major rivers. However, the integrated management of the river water has been weak since the artificial water circulation process, such as the intaking and drainage of agricultural water, has not been examined in the basin, which includes many agricultural land. In this study, a study was conducted on how the power usage method (operating time method) based on the running time can be applied and improved among indirect flow rate measurement methods used to investigate flow rates collected by the riverside for agricultural water purposes, and thus the resultant data of high reliability can be obtained at low cost. The operation time method is suitable for small-scale water pumping stations where it is difficult to secure real-time power supply data. The reliability of the data was verified through the correlation analysis with the actual flow rate, and it was found that the flow rate calculated by the operation time method reflecting the level of the stream to which the inlet of the pumping station is connected can be reasonably matched with the actual flow rate. In addition, it was confirmed that the investment cost at the time of initial installation of the facility was highly efficient by generating qualified flow data at low cost through comparison with direct flow rate measurement methods. If flow data is secured by applying the operation time method to large and small water farms located along the riverside, it is expected that more quantitative and integrated stream water management will be possible.