• Management & Information Systems Review
• /
• v.35 no.3
• /
• pp.155-171
• /
• 2016

Separation of management with ownership induces the agency problems between CEO and shareholders of Chinese firms. To solve this problem Chinese government has enforced the "stock incentive management law for stock listed companies" since 2006. However, it has not been clear that this law is beneficial to reduce the agency cost and thus to increase the performance of Chinese firms. This study aims to answer this question. It is specifically designed to explore the effects of CEO's stock incentive on the performance of Chinese firms. It also examines the moderating effects of the characteristics of the board of directors on this relationship. Using a multi-year sample (2008-2014), we found that CEO's stock incentive is positively related to firm's performance. We also found that the equity stakes of board members strengthens the positive relations between CEO's equity incentives and firms' performance. On the other hand, contrary to expectations, the independency of the board of directors does not significantly moderate the relationship between CEO's equity incentives and firms' performance. Based on the findings, this study provides valuable implication for theory and practice.

• Journal of the Computational Structural Engineering Institute of Korea
• /
• v.20 no.2
• /
• pp.181-190
• /
• 2007

The linkage framework of surface geometric modeling based on the NURBS and shell finite element analysis is developed in this study. In the geometrically exact shell finite element analysis, the accuracy of the analysis strongly depends upon the accurate computation of the surface geometric quantities. Therefore if we obtain the necessary geometric quantities from the NVRBS surface equation, it's possible to construct the effective linkage framework of surface modeling in the CAD systems and shell finite element analysis using geometrically exact shell finite element. Besides, the linkage framework can be applied to the analysis of general and complex surfaces as well as simple surfaces. In this study, the shell surfaces are generated by interpolating given set of data points based on the NURBS surfaces. These data points usually can be obtained from surface scanning. But the representations of the generated NURBS surface are not same to one another. The accuracy depends on the chosen parameterization methods used in NURBS. Therefore, it is needed to select the suitable parameterization method according to the geometry of the surfaces. To verify the performance and accuracy of our developed linkage framework, we solve several well-known benchmark problems and assess the performance of the developed method.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
• /
• v.8 no.2
• /
• pp.185-196
• /
• 1997

By considering the definition and application of resolution as well as the concept and theory of SAR, the essential contents of the SAR design and analysis are described. This paper is to compare and analyze the resolution performance capability of three techniques for achieving azimuth resolution such as the real aperture, the unfocused and the focused techniques, through the simulation. Simulation is performed to make the restricted conditions for the unfocused technique that can be implemented by the less commputing load of signal processingand the lower cost. Through the mission analysis, the use of SAR image can be applied for estimation of whole situation at the regional area in the field of military demands for tactical purpose as well as civilian demands for the damage of disaster. RPV and sall or medium aircraft are selected to carry the SAR for these purposes and the proper resolution turns ou 5~15 m. The trade-off study of variables through the simulations results in the proper conditions such that range is less 3, 000 m, Wavelength is 1~10 m, and the raw signals and results processed by three techniques for two point targets are exhibited undr such conditions. Therefore, at some points, the result of this paper si proposed for useful applications of unforcused technique in the restricted conditions except the identification of the small target at a long range re- quired for high resolution.

• Journal of Korean Society of Transportation
• /
• v.27 no.1
• /
• pp.129-141
• /
• 2009

Intermodal freight transportation is defined as the movement of freight from origins to destinations by two or more transportation modes. When implemented in hub networks, it could enhance the efficiency of the networks because consolidated flows are transported by more suitable modes and technologies. In spite of this advantage, the intermodal hub network design problem has received limited attention in the literature partly because of the complex nature of the problem. This paper aims to develop an optimization model for designing intermodal hub networks with sin91e allocation strategy. The model takes into account various cost components of intermodal hub networks including transportation, stationary inventory, and service delay costs. Moreover, using transport frequency variables, it is capable of endogenously determining the transportation economies of scale achieved by consolidation of flows. As such, the model is able to realistically represent the characteristics of intermodal hub networks in practice. Since the model Is a complicated nonlinear integer programming problem, we perform model simplification based on the analytical study of the model, which could facilitate the development of solution algorithms in the future. We expect that this study contributes to the design of intermodal hub networks as well as to the assessment of existing logistics systems.

• Journal of Korea Water Resources Association
• /
• v.43 no.11
• /
• pp.967-976
• /
• 2010

AFDA (Approximate Full Distribution Approach) model of FORM (First-Order Reliability Model) which can quantitatively calculate the probability that storm sewer reach to performance limit state was developed in this study. It was defined as a failure if amount of inflow exceed the capacity of storm sewer. Manning's equation and rational equation were used to determine the capacity and inflow of reliability function. Furthermore, statistical characteristics and distribution for the random variables were analyzed as a reliability analysis. It was found that the statistical distribution for annual maximum rainfall intensity of 10 cities in Korea is matched well with Gumbel distribution. Reliability model developed in this study was applied to Y shaped storm sewer system to calculate the probability that storm sewer may exceed the performance limit state. Probability of failure according to diameter was calculated using Manning's equation. Especially, probability of failure of storm sewer in Mungyeong and Daejeon was calculated using rainfall intensity of 50-year return period. It was found that probability of failure can be significantly increased if diameter is decreased below the original diameter. Therefore, cleaning the debris in sewer pipes to maintain the original pipe diameter should be one of the best ways to reduce the probability of failure of storm sewer. In sewer system, two sewer pipes can flow into one sewer pipe. For this case, probability of system failure was calculated using multiple failure mode. Reliability model developed in this study can be applied to design, maintenance, management, and control of storm sewer system.

• Korean Chemical Engineering Research
• /
• v.52 no.1
• /
• pp.81-87
• /
• 2014

Flow characteristics and the operating range of gas velocity was investigated for a two-stage bubbling fluidized-bed (0.1 m-i.d., 1.2 m-high) that had continuous solids feed and discharge. Solids were fed in to the upper fluidized-bed and overflowed into the bed section of the lower fluidized-bed through a standpipe (0.025 m-i.d.). The standpipe was simply a dense solids bed with no mechanical or non-mechanical valves. The solids overflowed the lower bed for discharge. The fluidizing gas was fed to the lower fluidized-bed and the exit gas was also used to fluidize the upper bed. Air was used as fluidizing gas and mixture of coarse (< $1000{\mu}m$ in diameter and $3090kg/m^3$ in apparent density) and fine (< $100{\mu}m$ in diameter and $4400kg/m^3$ in apparent density) particles were used as bed materials. The proportion of fine particles was employed as the experimental variable. The gas velocity of the lower fluidized-bed was defined as collapse velocity in the condition that the standpipe was emptied by upflow gas bypassing from the lower fluidized-bed. It could be used as the maximum operating velocity of the present process. The collapse velocity decreased after an initial increase as the proportion of fine particles increased. The maximum took place at the proportion of fine particles 30%. The trend of the collapse velocity was similar with that of standpipe pressure drop. The collapse velocity was expressed as a function of bulk density of particles and voidage of static bed. It increased with an increase of bulk density, however, decreased with an increase of voidage of static bed.

• International Commerce and Information Review
• /
• v.15 no.4
• /
• pp.125-145
• /
• 2013

The Korea-EU FTA will provide korea with a significant advantage in the region both international trade and consumer welfare. Under the Korea-EU FTA, increasing of bilateral trade in consumer and industrial products would become duty and most remaining tariffs would be eliminated. This article studies on EU product price level of Korean consumer for before and after Korea-EU FTA effectuation. The questionnaires are sended 1,000 samples and 780 returns, 283 of them are analyzed for a this study. This paper has there main a parts, A Paired Samples Test result shows that the EU goods price level are positively affected by Flesh-meat, Electronic device & Electric home appliances, Kitchen utensils, Fruit juice(beverage), alcoholic liquors(wine, whisky), Clothes & Fashion. However, The Clothes & Fashion does not affect in EU goods price level, the Clothes & Fashion positively affected price differential more FTA effectuation before than FTA effectuation after.

• Journal of Digital Convergence
• /
• v.9 no.2
• /
• pp.111-129
• /
• 2011

Nowadays, the IS project is getting more and more complicated and large-scaled. Many researchers and practitioners are interested in the IS development methodologies, automated tools and techniques to decrease project failure and to increase IS project performance. This research is to seize the management level of PMO affecting on the IS project, as a new method to increase the IS project development performance. As a result of surveying the present PMO operation state with banks which are the leading industry to accept the PMO in Korea, technology support management and infrastructure management are the core functions to affect the IS performance including schedule management, quality management, and user and stakeholders' satisfaction. Also, the PMO management level is the important point of IS project success. Among the 5 levels PMI suggested, PMO can implement the project effectively at least at the third level. Korean companies introducing the PMO have to do research the PMO core functions and the management levels according to the project scale, and review the distinctive features of their organization to increase the maturity of IS project. This research has been proved through the Full Structural Equation Model. The results show that the five core functions of PMO have relationship with the IS project performance.

• Management & Information Systems Review
• /
• v.33 no.4
• /
• pp.77-97
• /
• 2014

The concept that human and brand can related to each other is referred to as 'brand relationship' or 'consumer-brand relationship'. By arguing that the concept of brand relationship is a readily understandable analogue, it appears that relationship thinking in the context of consumers and brands sometimes is taken for granted without thoroughly discussing its applicability. This study tried to investigated the role of brand personification in building consumer-brand relationship. In order to explain the consumer-brand relationship as a kind of partner relationship among human beings, we need to define brand as human not inanimate object. Research findings show that personification is not a important factor that affects consumer-brand relationship. And this study shows brand experience is much more important factor than brand personification in building consumer-brand relationship. In the past researches, brand personality and brand congruity were major variables that effect consumer-brand relationship, but they did not mean consumers think their brands as human whenever they contact them. As a result, this study conclude that the frequency of personification is not that high compared to past studies suggested before, even if it is possible to find partial characteristics of human from brands.

• Journal of Korea Water Resources Association
• /
• v.50 no.11
• /
• pp.725-734
• /
• 2017

The main purpose of this study is to analyze runoff aggregation structure and energy expenditure pattern of Choyang creek basin within the framework of power law distribution. To this end geomorphologic factors of every point in the basin of interest, which define tractive force and stream power as well as drainage area, are extracted based on GIS, and their complementary cumulative distributions are graphically analyzed through fitting them to power law distribution. The results indicate that three distinct behavioral regimes are observed from the complementary cumulative distributions of three geomorphogic factors. Based on the parameter estimation of power law distribution by maximum likelihood drainage area and stream power can be judged as scale invariance factor without finite scale while tractive force as scale dependence factor with finite scale. Furthermore, it is judged that tractive force would not follow power law distribution because it shows limited complex system behaviors only within the small extent of scale. The exponent of power law distribution for drainage area obtained in this study by maximum likelihood is larger than the previous researches due to the difference of parameter estimation methodologies. And the exponent for stream power is smaller than the previous researches due to the scaling property of channel slope for the basin of interest.