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Economic Evaluation of Port Hinterlands Using Real Option -Focusing on the Case Study for Hinterland of Busan New Port- (실물옵션을 이용한 항만배후단지의 가치평가 -부산신항 배후단지 사례분석을 중심으로-)

  • Kim, MyoungHee;Lee, Kihwan
    • Journal of Korea Port Economic Association
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    • v.28 no.3
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    • pp.235-257
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    • 2012
  • Recently the role of ports has been changed to satisfy flexibly needs of demands in global economy. A new concept for ports is not just a place for international trade but an important nodal point in logistics chain. The changing environment like this trend creates a high degree of uncertainty and leaves port managers confused with the question how to respond effectively to dynamic market. The latest studies provide that the port must have a good hinterland to achieve competitive advantages in a logistics chain. Korean Government announced "The Master Development Plan for Port Logistics Parks in Korea" in 2006. This contains the plan of hinterland construction of Busan New Port to achieve the status of logistics hub in Asian market. Previous studies rely solely on traditional DCF(discounted cash flow) analysis for investment of hinterland. However DCF method does not include irreversibility, uncertainty and the choice of timing for investment project. This thesis introduces a ROPM(real options pricing model) which overcomes the limitations of traditional valuation methods. The option valuations in this study utilize the Black-Scholes model, the binomial model and the MonteCarlo simulation to value investment opportunity of a port hinterland. In this thesis, an attempt is made to modify the NPV criterion by incorporating the real options approach, and its application is demonstrated in a hinterland construction investment plan. This research has conducted an empirical analysis by calculating economic value of the investment for a hinterland of Busan New Port.

A Study on Advanced Seafarers' Training for Improving Abilities of Officers in Charge of a Navigational Watch who Handle Navigational Equipment: To Focus on the ECDIS (항해사의 항해기기 취급 능력 향상을 위한 해기 교육 개선에 대한 연구: ECDIS를 중심으로)

  • LEE, Bo-Kyeong;KIM, Dae-Hae;LEE, Sang-Do;CHO, Ik-Soon
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.2
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    • pp.323-335
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    • 2016
  • The main reason of marine casualties is the human error in respect of ship's operation. The human error of officers in charge of a navigational watch is related to their abilities to handle of navigational equipment. Navigational devices play a key role to help officers decide what to do for safe navigation. Thus, the abilities to handle of navigational equipment mean not only operation of devices but also entire understanding of the system such as interpretation of information obtained from devices, appropriate use of information considering navigational circumstance. Qualification of seafarers is in accordance with STCW and detailed training courses for their qualification are provided by IMO model course series. Recently, ships engaged on international voyages shall be fitted with an ECDIS not later than the first survey on or after 1 July 2018. As increasing use of ECDIS on ships, marine casualties related to ECDIS are on the rise. The primary causes of the accidents are lacking understanding of ECDIS system, wrong presentation of information on display, wrong safety setting by seafarers who use ECDIS, using small-scale chart and missing charts update. As a result of these primary causes, some problems like wrong route planning and use of limited or omitted information occur. It could be happening by inappropriate seafarers' training which is not sufficient to support improving abilities of officers to handle navigational equipment. For efficient training, it is need to develop training courses. Applying full mission simulation system to seafarers' training courses with case studies and best practices which are well-constructed scenarios based on true marine casualties can increase the effect of training. To use the simulation system, it is possible that seafarers are trained under condition that closely resemble real situation. It should be considered that IMO model course be revised depending on the level of seafarers also. It could be helpful for increasing seafarers' abilities of equipment operation in place of accumulation of experience spending much time. In the short term, effort of training courses improvement for seafarers is needed and long term, it should be tried to provide stable system and services relate to ECDIS.

The Possibility of Flooding and Human Activities of Gyeongju Area in Ancint Times (고대 경주 지역의 홍수 가능성과 인간 활동)

  • Hwang, Sang-Ill
    • Journal of the Korean Geographical Society
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    • v.42 no.6
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    • pp.879-897
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    • 2007
  • The Royal District in Gyeungju-city was placed in lower surface of alluvial fan that was formed during the Last Glacial Age. During the Holocene, Bukcheon-river was reached in the dynamic equilibrium status and the form of river channel was similar or same to the present. The cases of dying people and carrying houses away by flood for ancient history in Gyeongju were six times, in 131, 160, 350, 496, 657 and 703. Like this big flood was happened at interval of $150{\sim}200$years. A period of big flood appearance in Bukcheon-river was extremely long. Therefore the people who had lived in Gyeongju for ancient history perceived that most part of riverbed of Bukcheon-river was a safety place from flood damages. Not only private houses. In east part of Bunhwangsa temple, that is, west side of Bukcheon-river where the river energy is maximum, a pillow block was built to prevent a lateral erosion but any artificial riverbank was not. In spite of high flood possibility in Bukcheon-river, there was no facility to prevent floods in this section. Also, deposits of flood are not identified. This point is very suggestive that Bukcheon-river did not flood for ancient history.

A Report of a Rural Construction with Sight-seeinng Development as Leading Project and Methodical Activities of Inhabitants -The Case of Odaira Hamlet, Oomama Town, Gumma Prefecture- (觀光開發を核としたむらづくりと住民の組織的活動 -大間間町小平集落を事例として-)

  • KANIE, Yoshihiro
    • Journal of the Korean Institute of Rural Architecture
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    • v.1 no.1
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    • pp.3-14
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    • 1999
  • It is a important problem that the adjustment of a rural settlementas a unit of rural community, and many number of researcher tackled its. The aim of this paper is to verificate the process of rural con-struction, that is applied the regional resources, and to introduce the situation of attending inhabitants, and their employments as a results of this planning. We chose Odaira hamlets in Oomama town, it is located in Gunma prefecture as an object of this study. Odaira is a small village in the mauntain, and it is composed only 135 families. Odaira is an underpopulated hamlet. It is engaged no lively farming and forestry. Most of inhabitants are commuting to the cities around here. Inhabitants of Odaira who are conscious of the conditions of declining hamlet organized a group to improve it. This group have investigated all around the hamlet as a system of workshop. And they found the resources for sight-seeing, crops as the regional products, and other resources for rural planning under three keywords ; resources for the sight-seeing, the rigional products, and theimprovement of environments. In many resources, most important thing was the existens of a stalactite cave come down as a legend from old time. Local government of Oomama town and the inhabitants tried to explorate of stalactite cave and succesed to excavate it. They have constructed two facilities for management, parkaround the stalactite cave and these have been a new place of work for inhabitants. Arrangement of the rural constructions developed to other items schemed acording to the master plan, like as a camping ground, bungalows, a wet botanical garden, and a park beside a river. These also produced the new places of work for 54 people as a result of this rural planning. The most of them were the aged peoples and the women of farmer. The highest age was 83 years old, he is working at the camping ground. In the employment system at Odaira, people who desire to work and desire to employ both registrate to a commission of management of Odaira, and this commission arrange them in case of needs.

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A Study on the Present Status and Improving Measure of Sea Charts (해도의 사용실태 조사와 개선방안에 관한 연구)

  • 나송진;정재용;박진수
    • Journal of the Korean Institute of Navigation
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    • v.24 no.1
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    • pp.1-12
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    • 2000
  • The ships over the certain navigation area or her length are required to carry charts under the relevant laws. Charts are indispensible to the ships and fishing vessel, because their crew should know the water depth and location of obstacle in order to avoid danger in the navigation and fishing area. But it was found that many ships do not carry proper charts onboard according to the research marine accidents files of marine accident inquiry agency, and questionnaire survey. Consequently, many ships run aground on the coast and port. This study examined the present status of the coastal ship and the fishing vessels, and explained some problems in the aspect of the covering area, the place, the number of the selling agent and adjoining chart, as well as the geographical and traffic density, the crew on board the ship's characteristics, and so on. In this study we propose the way to solve the problem. firstly, the category of the fishing vessel which should carry the chart on bard under the related laws are required to be lowered to 10 gross tons. Besides a ship inspector should examine if the charts covering the area where to navigate even when the temporary inspection is done are carried on board property. Secondly, the inspection body or the controlling office of ship's entry and departure should check throughly whether the ships concerned carry the chart on board. Thirdly the fishing vessels should used the fishing charts, and the body concerned should train the offices about how to use chart, especiany the difference between Tokyo datum and WGS-84 datum. Fourthly the customized chart such as an atlas like a map, a calenda-type chart, a small chart, as a coated chart needs to be publish for the safety of small ship and fishing vessel. Fifthly, it is advisable to draw a recommended course in the route where the coastal navigate mainly and in the narrow channel, The adjoining area should be improved, as well as the qualify of the chart paper. Sixthly, publication of additional new chart in the southern part of East Sea, the eastern part of South Sea, the western part of South Sea and middle part of Yellow Sea near Incheon port should be thought over. Seventhly, the number of chart selling agent should be increased for the sake of purchaser in proportion to the number of port, and small correction of charts in selling agent must be carried out completely.

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The study of Dissimilar Urban Space Characteristics between the Structure-advanced Industrial park area within the city and the Adjacent Spaces (도시 내 구조고도화 산업단지와 연접지역의 이질적 도시 공간 특성 연구)

  • Choi, Hyung-Ku;Kim, Won-Pil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.11
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    • pp.7617-7628
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    • 2015
  • Recent changes in the industrial parks have become a major issue in the nation's economic aspect. However, the industrial park's structure-advance projects under regional changes have excluded the surrounding spaces. The purpose of study is to analyze physical characteristics of Industrial park and adjacent area and to propose practical urban linkage alternatives as place-making It was found that in an urban aspect, the industrial parks belong within the city, but look like an isolated island that doesn't belong to a city. Therefore, as a way that could improve the problems above, and prevent the formation of heterogeneous spaces, the deliberate management of Industrial park's structure-advancement projects is needed. As one of these measures, It is concluded that the review of designating industrial facility zones which is a district unit plan and managing the detailed elements of construction to the various elements of the district level are needed.

A Study on the Mongolia's Ger and Food in Pastoral Nomadic Way of Life (몽골 유목민의 겔(gel)과 음식문화에 관한 연구)

  • Chang, Bo-Woong
    • Journal of the Korean association of regional geographers
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    • v.3 no.1
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    • pp.155-163
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    • 1997
  • The Mongolian ger is ideally suited to the mongol's steppe climate and the nomadic way of life. This is a multipurpose dwelling which can be easily collapsed, transported to another place and put up again fully preserving its original shape. The pastoral nomadic ger has two key components: the wooden framework and the felt cover. The wooden parts are the walls(khana), the long poles(un), the smoke escape(toono) and its supports(bagana). One wall consists of 10-15 branches of willow tree. each about 1.5m high bound together in a way making it possible to fold it for transportation and then unfold it like an accordion. The unfolded walls are connected to form a circle. The long poles(un) are fastened to the upper part of the walls, with the other end passed through the toono hole, the only sky window and smoke escape through it from the ger. The toono is propped up by two posts, called bagana. All this forms the wooden framework of the ger, which is covered with felt. When the herders fire up their metal stoves, the temperature inside the ger becomes quite comfortable. Because the nomads live in a climate where there is only one growing season in a year, they do not make long migrations to new pastures. Livestock subsist on standing vegetation for eight months of the year. The basic pasture migration strategy is to leave enough standing vegetation at the end of the growing season in September to suffice until the new growth appears the following May. Mongolians use a type of compressed tea leaf that is called "brick" tea in English because it is rock solid and roughly the shape of a brick. And they consume a larger percent(88%) of fat from animal products such as meat, milk, butter, and cheese than any other people in the world. Milk products made from the milk of sheep, yak, and goats are major foods in the nomad's diet, but they are produced mainly in summer when all the animals are lactating. Mongolians made their special nomadic food culture on the steppe.

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The Research on Pedagogical Content Knowledge in Mathematics Teaching (수학과 내용 교수 지식(PCK)의 범주화 - 세 명 교사의 사례를 중심으로-)

  • Choe, Seung-Hyun;Hwang, Hye-Jeang
    • School Mathematics
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    • v.10 no.4
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    • pp.489-514
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    • 2008
  • Since 2005 KICE - TLC has focused on the development of supporting programs for teaching consultation and pedagogical content knowledge(PCK). The purpose of this year's research was to explore types of pedagogical content knowledge(PCK, hereafter) for effective teaching mathematics topics drawn from the amended national mathematics curriculum announced in February, 2007. Based on this year's PCK research, we will develop mathematics teaching consulting program from 2009 research by field testing of developed mathematics PCK. The major source of data for this study was transcripts of audiotapes of the group discussions that took place during the regular weekly meetings where we compared and analyzed three teachers' classes. We also conducted open-ended interviews with the three teachers and collected reflective notes written by participants. This research provided teachers with an opportunity to think about what is important in the teaching of a topic and why, and to consider possibilities for future development. This research highlights the importance of teacher meetings where teachers share their expertises and insights through reflection and dialogue. By introducing the concept of PCK, examining, analyzing and modelling it in pre-service and in-service teacher education practice, we can contribute to extend teachers' professional learning. Finally, just like quality student learning, quality teaching and teacher education practices require critical reflection and careful scaffolding.

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The Observationi of User Behaviors of the Urban Plaza using Time-Lapse Record-A case study of Chungryangri Station Plaza- (Time-Lapse 촬영방법을 이용한 도심 광장의 이용행태에 관한 연구 -청량리 역광장을 사례로-)

  • 조창완;진양교
    • Journal of the Korean Institute of Landscape Architecture
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    • v.26 no.3
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    • pp.199-212
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    • 1998
  • The ultimate goal of this study can be summed up as follows: First, the utility of Time-Lapse that observes and records people's behavior will be shown and its merits and demerits will be discussed through comparing with other data-collecting methods such as the naked- eye observation, and the specific way in which Time-Lapse can be put to use will be suggested. Second, analysis of use behavior boserved in the plaza of Chungryangri station by Time-Lapse will be made, on the basis of which suggestions will be made concerning planing, designing, layout, and management of the station plaza. Time-Lapse can observe and records the plaza of Chungryangri Staton through 6 different ways of recording in Time-Lapse: 30 seconds, every minute, every two minutes, second every five minutes, every one tenth of a second, and every one fifth of a second, and these different ways of recording were analyzed through comparison from one to each other to check their respective utilities. And also analysis of tracks of pedestrians, density, and use behavior of users were made, according to which the way in which Time-Lapse can be utilized was examined. Several useful results obtained from this study are shown as follows. First, Time-Lapse made it possible to continuously observe for a long time using minimu efforts, and a single tape which is able to cover from 12 hours up to 25 days is useful for observing variation of behavior in space with the passage of time and seasons. Second, among six ways of recording, the recording every one tenth of a second and every one fifth of a second are useful for finding the tracks of pedestrians, the number of users, the member compositions, the time spent in one place, and manner of use. And besides the moving direction and its purpose can be recognized in a short time, which makes it possile to see where crossings of moving directions occur. Third, the recording every thirty seconds, every minute, every two minutes, and every five minutes are useful for analyzing the density in space as well as for finding the number of users and frequency of facilities use. In particular the recording every thirty seconds made it possible to keep the track of pedestrians' walking, and to observe even slowly moving motions such as cleaning. But when the recording interval exceeds one minute, this was not possible. Fourth, time-lapse has advantages over the naked eye observation in several respects. Time-lapse can measure observed behavior and density in terms of number, and locate the position of users. Time-Lapse, if accompanied by other methods such as interviewing and question that can examine psychological aspects like satisfaction or the purpose of use and be a useful device for space studies.

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Offline Friend Recommendation using Mobile Context and Online Friend Network Information based on Tensor Factorization (모바일 상황정보와 온라인 친구네트워크정보 기반 텐서 분해를 통한 오프라인 친구 추천 기법)

  • Kim, Kyungmin;Kim, Taehun;Hyun, Soon. J
    • KIISE Transactions on Computing Practices
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    • v.22 no.8
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    • pp.375-380
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    • 2016
  • The proliferation of online social networking services (OSNSs) and smartphones has enabled people to easily make friends with a large number of users in the online communities, and interact with each other. This leads to an increase in the usage rate of OSNSs. However, individuals who have immersed into their digital lives, prioritizing the virtual world against the real one, become more and more isolated in the physical world. Thus, their socialization processes that are undertaken only through lots of face-to-face interactions and trial-and-errors are apt to be neglected via 'Add Friend' kind of functions in OSNSs. In this paper, we present a friend recommendation system based on the on/off-line contextual information for the OSNS users to have more serendipitous offline interactions. In order to accomplish this, we modeled both offline information (i.e., place visit history) collected from a user's smartphone on a 3D tensor, and online social data (i.e., friend relationships) from Facebook on a matrix. We then recommended like-minded people and encouraged their offline interactions. We evaluated the users' satisfaction based on a real-world dataset collected from 43 users (12 on-campus users and 31 users randomly selected from Facebook friends of on-campus users).