• International conference on construction engineering and project management
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• 2005.10a
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• pp.1244-1249
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• 2005

Present PII(Private Infrastructure Investment) in Korea has increased up to 11% compared to the year 2003 and is expected to increase in the future. In spite of its rapid increase, we don't have any definite standard or system which distinctly presents the rate of return for domestic PII yet, and practical and scientific research is not sufficient compared to its necessity and importance. Hence, in this study we suggests methods to estimate the rate of return of PII to promote SOC PII to last successfully and present the proper level of rate of return of PII which is appropriate for domestic situations through diverse analysis. Therefore, to present reasonable rate of return, we have used 5 methods: previous research analysis, case study, financial index analysis, analysis of investor's rate of return, and analysis of rate of return in a real estate market. After comparing and analyzing these methods, at the end, we have presented the appropriate level of rate of return of PII, which can be applied in the domestic market.

• Journal of Arbitration Studies
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• v.16 no.3
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• pp.161-189
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• 2006

This paper is aiming at analyzing case law of India in relation with reasonable time to make decision whether to accept or to refuse the documents received from the presenter in credit transactions. As specified in UCP, the failure to refuse to accept the documents within a reasonable time precludes the Issuing Bank, Confirming Bank (if any) and Nominated Bank from asserting that they are discrepant. Compliance of the stipulated documents on their face with the terms and conditions of the credit shall be determined by international standard banking practice as reflected in this Articles of UCP 500. The Issuing bank is only to be held responsible for honoring the documents presented by beneficiary through the nominated banks if they are strictly in compliance with terms and conditions of the Credit. As any well experienced banker knows, however, a word-by-word, letter-by-letter correspondence between the documents and the credit terms means a practical impossibility. Thus the notion of reasonable care in conjunction with the doctrine of strict compliance mixed with International Standard Banking Practices has not played a right functional standard for checking the documents as stipulated in the credit and UCP 500. And so the rejection rate is highly estimated at approximately 50% in EU and 40 to 70% according to their geographical locations in the USA. As a result, it can possibly be inferred from this fact that the credit industry would be facing the functional failure as the international trade credit facility, if not supported with motive power as a relevant scheme in UCP 500. It is quite important to note that UCP 500 Article 13(b) which specify the time limit for the banks to notify the presenter their decision not to accept the documents within a reasonable time not to exceed seven banking days following the day of receipt of documents would be the motive engine to improve the negotiability of documents in international trade financial facility.

• Proceedings of the Korea Society for Energy Engineering kosee Conference
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• 1995.05a
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• pp.113-116
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• 1995

Simplified approach has been adopted for the prediction of the thermal behavior of CANDU reactor core during power transients. Based on the assumption that the ratio of mass flow rate for each core channel does not vary during the transient, quasy-steady state analysis technique is applied with predicted core inlet boundary conditions(total mass flow rate and specific enthalpy). For restricted transient case, the presented method shows functionally reasonable estimation of core thermal behavior which could be implemented in the fast running reactor simulation program.

• 한국정보디스플레이학회:학술대회논문집
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• 2009.10a
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• pp.17-19
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• 2009

The voltage and frequency dependence of voltage holding ratio (VHR) in a homogeneously-aligned liquid-crystal (LC) cell is studied in this paper. The discharge curves with different scan frequencies are obtained and the saturation phenomenon of VHR is observed under specific amplitudes of driving voltage. Our results suggest a reasonable concept to improve the VHR in LC displays without increasing the frame rate.

• YAKHAK HOEJI
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• v.16 no.4
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• pp.155-161
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• 1972

The hydrolysis of phenobarbital is decelerated in alkaline solution by betacyclodextrin. The betacyclodextrin inhibits the degradation of phenobarbital up to 1.5 fold in the system containing 1% betacyclodextrin. The degradation mechanism in systems containing betacyclodextrin is the same that in system without complexing agent, although the rate constants are different. The pH dependence of the hydrolysis rate deceleration is compared with the ionization percent of betacyclodextrin. The results indicate that a direct relationship does not exist between the ionization of betacyclodextrin. It seems reasonable therefore that the phenobarbital undergoes a stable complex with betacyclodextrin and complex formation would provide a better shield for the phenobarbital from hydroxyl ion attack.

• Korean Journal of Construction Engineering and Management
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• v.9 no.1
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• pp.167-175
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• 2008

An objective of companies' existence is to make profits and grow steadily. Judging what is reasonable or excessive profit for an industry or a company by a profit figure is practically impossible because it is a matter of value judgement not just fact judgement. But recently construction companies' profit level is under severe argument. The objective of this study is to investigate the level of construction companies' profit level and compare it with other industries in order to identify facts and characteristics in relation to construction companies's profit level.

• Journal of the Korean Society of Safety
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• v.21 no.5 s.77
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• pp.53-59
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• 2006

Standard safety management costs can not be applied to each site with same rate, it is very difficult, because it depends on the experience, work method, work kind, work progress schedule, and hazard level of each construction company. Therefore, this study is to find out hazard level of each work kinds through questionnaire and interview and investigate analyze the status which standard safety management costs have been used. Also, this study is to show reasonable rates of standard safety management costs in construction industry and to set up countermeasures against those problem after reviewing its status in korea with in Japan and Europe. The domestic system of standard safety management costs is not considered in the foreign country, while only related subjective items have been investigated and evaluated for this study. This study is to investigate eleven project kinds of domestic system, first, and to investigate eleven items of apartment bldg, office, civil work such as bridge, tunnel, dam, plant etc, secondly. Additionally, three items of gymnasium, railway, particular steel tower are investigated in this study. Also this study is to investigate and analyze performed costs of presently processing worker finished work so that it shows a new reasonable rate against standard safety management costs in construction industry, in order to make basial data and material to be systemized.

• Journal of Biosystems Engineering
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• v.38 no.4
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• pp.264-269
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• 2013

Purpose: This study was carried out to develop a classification index and grade levels to rate agricultural heaters for energy efficiency classification. Methods: The classification index was developed mainly by taking simplicity of calculation and easy access to relevant data into consideration. The grade levels were developed on the basis of a 5-grade classification system in which graded heaters are to be normally distributed over the grades. The value of each grade level were determined in terms of the classification index values calculated using the published performance data of agricultural heaters tested at the FACT in Korea over the past 12 years. Results: The thermal efficiency of agricultural heaters based on the enthalpy method was proposed as a reasonable classification index. The grade levels were proposed in equation form for three types of agricultural heaters: fossil fuel heaters, wood pellet heaters and wood pellet boilers. A reasonable energy efficiency classification of agricultural heaters could be performed using the proposed classification index and grade levels. Conclusions: It is expected that energy saving programs will be extended to agricultural machines in the near future. The classification index and grade levels to rate agricultural heaters for energy efficiency classification were developed and proposed for such near future to come.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.5
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• pp.232-237
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• 2002

It is increased for methodology to evaluate distribution power system interruption cost in power supply zones under competitive electricity market. This paper presents algorithms to evaluate system interruption cost in distribution power supply zones taking into consideration failure rate of distribution facilities and composite customer interruption cost. In this paper, it is introduced for weighting factor for each customer failure duration and failure rate of distribution facilities to evaluate reasonable system interruption cost in distribution power supply area. Also, this Paper estimates evaluation results of system interruption cost using a sample model system. Finally, evaluation results of system interruption cost based on failure rate of distribution facilities and composite customer interruption cost are shown in detail.

• Architectural research
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• v.8 no.1
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• pp.69-76
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• 2006

The purpose of this study is to suggest policies to improve the price escalation system in a construction contract through a Policy Delphi technique. The Delphi, including two times questionnaires and a group discussion, was conducted by joining 14 experts. Also, the escalation provisions of various countries were examined. Results of the Delphi showed that the minimum fluctuation rate for price escalation was desirable at a level of 3%. To compute the fluctuation rate, calculating the price fluctuation of overall articles was more desirable than using price indices. A bidding date was more reasonable as the initial date of change in price. Losses caused by price change should be shared between contractor and owner; therefore a deduction rate should be introduced in price escalation. Meanwhile, overhead and profit should be adjusted in proportion to the fluctuation rate; but advance payment or the delayed construction amount should be deducted from the adjusted amount.