• Korean Journal of Construction Engineering and Management
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• v.17 no.5
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• pp.13-21
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• 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.

• Bulletin of the Society of Naval Architects of Korea
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• v.32 no.4
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• pp.64-67
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• 1995

우리나라 조선산업이 21세기에 명실상부한 선진 조선국으로 발돋움하기 위해서는 단기적으로는 가격경쟁력의 강화가 요구되나 장기적으로는 기술자립화를 통해 과거 가격위주의 경쟁체제에서 기술위주의 경쟁체제로 전환함으로써 질적인 성장을 추구해야 할 것이다. 또한 우리나라의 조 선산업은 세계조선시장을 리드하는 선도국으로서 세계선박수급구조의 안정화에 노력하고 지구 해양환경보호를 위한 국제적인 프로그램에 적극 참여하는 한편, 후발조선국에 대한 기술협력, 기술지도 등 국제협력도 강화하여 명실상부한 선진조선국의 면모를 갖추어야 할 것이다. 이를 효과적으로 추진하기 위해서는 다음과 같은 과제를 해결해야 할 것이다. 첫째, 효율적 기술개발을 통한 건조기술의 재고가 그 무엇보다도 중요하다. 즉 단기적으로는 주요 대체수요 선박이면서 국내 주력건조선박인 탱커, 벌크케리어 등 재래단순형 선박에 대해 성에 너지화, 성인력화 및 표준선형화하고, 선박 생산공정의 개선, 생산성 향상을 통해 가격경쟁력을 지속적으로 확보해야할 것이다. 그러나 중장기적으로는 가스운반선,카페리선, 초고속선 등의 부가가치선박에 대한 건 조기술의 자립화로 이들 선종을 주력선종화하여 해외 수주 경쟁력을 재고시켜야 한다. 이와함께 심해탐사장비, 해양구조부유물 등의 해양개발장비의 개발로 사업영역을 확대해야할 것이다. 상 기의 각종 기술재발을 효율적으로 추진하기 위해서는 범국가적인 연구체제의 구성을 통한 산학연 공동연구형태로 추진하는 것이 바람직하다. 둘째, 핵심 조선기자재의 국산화와 품질 향상이 필 요하다. 향후 조선기자재의 국산화추진은 과거 개발 품목의 확대에서 벗어나 핵심적이고 부가 가치가 높은 품목 위주의 질적 국산화로 전환되어야 할 것이며, 이때 국산화이후 조선소의 적 극적인 구매가 전제되어야 할 것이다. 또한 기자재의 품질, 성능검사기능의 강화와 다수요 품목을 중심으로한 표준화, 규격화의 확대 추진으로 지속적인 품질향상과 원가절감을 도모해야한다. 특히 조선기자재업체의 영세상을 감안하여 조선소 인근지역에 단지화함으로써 생산설비의 현 대화, 자재의 공동구매, 물류비용의 절감 등을 기해 가격경쟁력을 강화해야 할 것이다. 또한 업계 공동의 해외판매망, A/S망의 직수출을 늘려야 할 것이다. 셋째, 국제협력 강화로 통상환경에 적극 대응해야 한다. 다자간조선협정 발효에 따른 제소 가능성에 대비하여 관민차원의 국제협 력을 강화하는 한편, 회계 기준의 통일, 제소사례의 연구 등을 업계 공동으로 추진하는 것이 바 람직하다. 또한 향후 2010년이후에 중국을 비롯한 후발조선국에 대해 조선협정에의 참여를 유도, 세계조선시장의 수급안정화에 노력해야할 것이다. 그외에 국제적으로 추진되는 지구그린화에 주도적 역할을 수행해야 할 것이다. 넷째, 선박금융제도의 개선과 신금융상품의 개발이 요구된다. 내수 수요인 계획조선의 지원조건을 개선하고 연불수출자금을 BBC자금으로 활용토록하여 국내 선주들의 신조를 유도해야 할 것이다. 그 외에 향후 금융개방화에 맞추어 해외자금을 활용한 리스금융, 상사금융 등의 민간신용제도를 더욱 활성화하고 선진국의 선박금융기법에 대한 연구 및 도입 등 선주들에게 다양한 선박건조자금을 제공하여 내수기반 확충에도 노력해야 할 것 이다.

• Korean Journal of Agricultural Science
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• v.35 no.2
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• pp.137-145
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• 2008

A layer feeding trial was conducted to investigate the effects of high quality corn distiller's dried grains with solubles(DDGS) on laying performance and nutrient metabolizabilities. A total of 216 Hy-line Brown layers, 23-wk of age, were employed in a 10-wk feeding trial consisting of three dietary treatments(0%, 10%, and 20% DDGS), and six replicates per treatment. All experimental diets were prepared as iso-protein(17%) and iso-calorie(2,780 kcal/kg). At the end of the trial, the effect of DDGS on fecal ammonia emission was also estimated. The use of DDGS up to 20% in layer diets did not affect the feed intake, laying rate, egg weight, and feed conversion ratio(P>0.05). The DM metabolizability decreased significantly(P<0.05) by the DDGS supplementation(P<0.05). The NFE metabolizability decreased gradually as the level of DDGS increased(P<0.05). The fecal ammonia emission from DDGS-fed birds tended to decrease as the storage days extended. In conclusion, albeit DDGS has some unfavorable effects on DM and NFE metabolizabilities, it could be included in layer diets up to 20% level without any harmful effects on laying performance.

• Journal of the Korean Geotechnical Society
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• v.31 no.4
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• pp.19-29
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• 2015

Nowadays, the importance of the information management of construction sites to achieve the goal of safety construction. This management uses the collaborated analysis of in-situ monitoring data and numerical analysis, especially of an earth retaining structures of excavation sites. In this paper, the fractal theory was applied to actually monitored data from various excavation sites to develop the alternative interpolation technique which could predict the displacement behavior of unknown location around the monitoring locations and the future behavior of the monitoring locations with the steps of excavation. Data, mainly from inclinometer, were collected from various sites where retaining structures were collapsed during construction period, as well as from normal sites with the characteristics of geology, excavation method etc. In the analyses, Hurst exponent (H) was estimated with monitored periods using the Rescaled range analysis (R/S analysis) method applying the H in simulation processes. As the results of the analyses, Hurst exponents were ranged from 0.7 to 0.9 and showed the positive correlation of H > 1/2. The simulation processes, then, with the Hurst exponent estimated by Rescaled range analysis method showed reliable results. In addition, it was also expected that the variation of Hurst exponents with the monitoring period could instruct the abnormal behavior of an earth retaining structures to directors or operators. Therefore it was concluded that fractal theory could be applied for predicting the lateral displacement of unknown location and the future behavior of an earth retaining structures to manage the safety of construction sites during excavation period.

• Korean Journal of Construction Engineering and Management
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• v.10 no.6
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• pp.13-27
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• 2009

Construction companies are trying to apply process management to their business to improve efficiency in business circumstance of high competition and globalization. Since 1990s, construction firms adopted process management to improve internal and external business structure based on process. It however has a few improvement functions. In addition, business support systems for business process efficiency improvement were developed, but separation between business process and IT system occurred because it focused on function-based individual construction and data input/output. To solve this problem, this study proposed business process and IT integration model for supporting user to use business information and system based on visualized business process and improving use of previous business support system. Business efficiency is expected to be improved with this model which based on integration required business condition(stakeholder, business data, functions of business supporting system). This study developved process model, architecture, and BPA of whole construction management business. According to BPA, it analyzed business process stakeholder, detail activities, and input-output data. And also it examined 12 main business supporting system of Korean construction firms. Based on analyzed data, this study developed business process supporting integration model based on business process through PDCA and CRUD analysis.

• Korean Journal of Construction Engineering and Management
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• v.10 no.6
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• pp.146-153
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• 2009

The year 2008 was a hard year for Korea's construction companies. The real estate downturn resulted in halting new construction and stopping existing work, and inflation of global oil prices caused price hikes in rebar and concrete materials. As a solution to reducing the budget, the newly appointed government announced plans to increase low cost bid contracts from 10 billion to 30 billion won. When such economical and political factors negatively impact the construction market, projects based on low cost contracts are the hardest hit. Many problems already inherent in low cost bid contracts become accentuated. Consequently, this provides an opportune time to actually study and analyze the issues in these projects. This paper introduces the findings made from investigating four projects struggling to make ends meet in the year 2008. Results show that flow of cash (i.e., liquidity), or lack thereof, was the root cause which in turn was hampered by failed mechanisms for design changes, material inflation. Attributing cash flow risk to the bottom of the production structure (i.e., small business subcontractors) was also a problem within the industry. Contractors need a better way to prepare against material price fluctuations, and owners need to assist in expediting payment during times of extreme downturn.

• Korean Journal of Construction Engineering and Management
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• v.15 no.2
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• pp.62-70
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• 2014

An apartment house, a private facility, is a house built for many persons to live independently in a building. An apartment house is a building where life damage can happen most in case of a safety accident due to insufficient inspections. However, formal inspections are being realized due to awareness shortage of managing bodies about safety inspection and low-price order-receiving of diagnosing enterprises via the lowest bidding method. This is because it is judged that remarkable costs are inputted in repairs and reinforcement such as maintenance of a structure and that there is a large possibility of human damage in case of a safety accident in a structure. So, this paper aims to derive the points to improve in the current criterion to execute an efficient detailed inspection. As its method, the design price and execution price situation of 66 buildings inspected in detail for recent 3 years for the class 2 facilities in Gwangju Metropolitan City and Jeonranam-do are examined and analyzed. The state2 object buildings to inspect are selected through this. And this paper aims to present the points to improve through the analysis of current problems by evaluating the detailed inspection report and the detailed inspection execution price calculation criterion for the selected 10 apartment houses.

• Korean Journal of Construction Engineering and Management
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• v.15 no.3
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• pp.12-22
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• 2014

In recent, many Korean contractors have tried to extend their business area into the overseas construction market, mainly as a result of a reduction in their domestic construction market. However in terms of risk, overseas construction projects are likely to face a number of unpredictable problems, many of which occur as a result of differences in contract cultures and construction environments between Korea and other countries. One key issue facing overseas construction projects in particular, is that of sub-contracting and control, and the way in which many countries of Commonwealth of Nations operate a unique subcontracting method well known as a nominated sub-contractor(NSC). This paper introduces the NSC system and differences as comparing among standard construction contract forms, such as JCT, SIA, HKIA and PAM. in UK and Asian Commonwealth of Nations. Also, we attempt to classify the type of the NSC system through the consideration of NSC clauses in accordance with the objection and termination of NSC contracting respectively.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2007.11a
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• pp.513-518
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• 2007

Domestic construction companies are interested in finding a larger market abroad because of declining the amount of orders placed and competing the amount of orders received. Recently, the Development project including the finance offer by builder is becoming more common and broad in the flow of the world market in construction from underdeveloped countries to the advanced countries. If the construction companies revitalized because of being active in the Middle East market don't appropriately cope with the situation, they will be probably depressed. The support policies helped revitalization of the development project are examined in this study. The purpose of this study is basic data how to be influenced by the situation of market abroad, policies revitalized development project and extending market. The policies revitalized development project and the relationship of many variables near the market abroad are analyzed applying the System Dynamics as hopeful market abroad which have a circumstance finding a larger market.

• Journal of the Korean Data and Information Science Society
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• v.23 no.2
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• pp.309-315
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• 2012

The purpose of this study was to examine the comparison of physique with physical fitness according to TBS (Talented-Educational in Sport) program by H University in 2009-2011. For this study, 668 elementary students (2009: 297, 2010: 194, 2011: 177 or 1st: 506, 2nd: 104, 3rd: 58) were collected who aged 7 to 13 living in Seoul and Gyeonggi area. The subjects were measured on physique variables (5) and physical fitness variables (7). Mean comparisons (ANOVA) were conducted for each gender in order to compare the mean differences among attendance number. For association analysis, Pearson correlation coefficient was used to find association between the physique and physical fitness variables. Some physical fitness variables (sit up, half squat jump, side step, standing long jump, flexibility in male children; sit up, half squat jump, side step in female children) increased significantly in the attendance number but the physique variables did not. The results show that TES program was effective on the physical fitness variables (muscle endurance & agility) in sports talent children.