• Korean Journal of Construction Engineering and Management
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• v.12 no.2
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• pp.3-11
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• 2011

There are several causes to recalculate the contract amount in public construction projects. Among them, the escalation clause was introduced in 1969 and now the condition to recalculate the cost is effective after 90 days from the date of contract and the rate of fluctuation should be more than 3% from the date of bidding. The two calculation methods for the rate of fluctuation are item-adjustment and index-adjustment. According to the results of investigation into 4 public institutions and 163 projects, all of them have used the method of index-adjustment and the rate of projects that spend over 6 months obtaining the approval of contract amount adjustment is more than 90%. The reason for spending lots of time is caused by problems of the calculation method on the price fluctuation rate. Therefore, it is necessary that the calculation method should be diversified to cope with the problems and a option of the builder should be expanded as well. Furthermore, if the way to apply correction factors to construction price index and average index based on the producer and consumer price index made by the bank of Korea is added, then the duration will be reduced without additional expenses. This study proposed the diversification of the calculation method using price fluctuation rate and builders' expanded options as improvement on the managerial method of Price Fluctuation System for the prompt and efficient contract amount adjustment.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.8
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• pp.137-148
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• 2021

The study investigates the existence of an optimal level of cash and the firm characteristics influencing the decision to hold cash, and the adjusting speed of the cash holdings to the target level. It highlights the heterogeneity of cash adjustment speed in the Vietnam market. The research employs the 417 samples of Vietnamese non - financial listed firms in the period of 2010 to 2019. The study uses the Pool OLS model, Fixed effect model (FEM), Random effect model (REM), and GMM model. According to the research findings, there is an optimal amount of cash at which the firm's value is maximized in Vietnamese listed firms, and the majority of the firms in the sample retain cash over the target level. Furthermore, the study demonstrates that firms actively modify their cash holdings to the optimal level with an adjustment speed of less than one owing to adjustment cost constraints. This speed varies between groupings of enterprises with different characteristics, underlining the heterogeneity of the adjustment speed even more. Small deviation firms adjust more rapidly than large deviation firms. Large free cash flow (FCF) firms adjust more readily than small FCF firms, and fiscal deficit firms modify more rapidly than firms with a financial surplus.

• Korea Journal of Hospital Management
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• v.24 no.4
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• pp.33-42
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• 2019

Purpose: many domestic welfare programs use the amount of health insurance premiums as a way of measuring individuals' income levels for administrative convenience. As health insurance reform has been made, we examines the income level is still appropriately measured by the health insurance premiums for the employment success package as one of domestic welfare program. Methodology/Approach: we investigate whether the upper limit of the premiums of the self-employed health insured is appropriate or not after healthcare reform, which currently calculated by multiplying the insurance premium of the employee based insured by the adjustment factor (1.2). Findings: we examined appropriateness of the adjustment factors by comparing the premiums before and after the healthcare reform by utilizing the national health insurance data as well as Korea Welfare panel data. We found that the new value of adjustment factor (1.0~1.1) is smaller than the current one (1.2). Practical Implications: to improve the equity between the employee and the self-employed insured after the health insurance reform, the adjustment factor should be lower.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.435-439
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• 2006

The purposes of study is to propose a new method contract price adjustment in construction projects. The research method of this study includes a case analysis and questionnaire survey. The results of this study are as follows: 1) For improvement method of contract amount adjustment, enactment for legislation pertaining to computation methods such as military's organization through total unit cost, and price flexibility computation at the point of design modification were presented. 2) Arithmetic formulas for cases in which volume is deleted or modified below the price flexibility exemption amount or in which there is no change to quantity, at the occurrence of design modification resulting from price flexibility, were proposed.

• Korean Journal of Construction Engineering and Management
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• v.21 no.4
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• pp.82-89
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• 2020

Article 64 of the Enforcement Decree of the National Contract Act The requirement of the pre-amendment statute related to the adjustment of the contract price was 5% or more of the price fluctuation rate from the date of the contract. However, the meeting requirement was changed from 5% or more to 3% or more from the date of signing of the Presidential Decree No. 19035 to 2005. 9. 8. The method of adjusting the contract amount was also changed to determine the contractor's desired adjustment method at the time of contract. Alleviating these requirements and revising the empowerment of contract partners is intended to prevent difficulties in achieving smooth objectives by applying to public construction contractors without unfairly benefiting or unfavorable to contract partners. Even if the standards are relaxed and the rights are secured as described above, if the existing provisions for the adjustment of price fluctuation are applied, unlike the original purpose of the government system, the Korea Bank's price economic statistics classification method and the contract construction classification criteria applied in public construction work Due to the inconsistency, it can be seen that the amount of adjustment for price fluctuation by construction type is excessive and underestimated. Therefore, the purpose of this study is to analyze problems through cases and to make appropriate construction cost adjustment through improvement measures.

• Korean Journal of Remote Sensing
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• v.28 no.5
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• pp.549-559
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• 2012

This paper presents a comparative analysis on the applicability of a priori statistic information about adjustment models when the surface shape parameters are estimated at an arbitrary point in an elevation data. Although the reliability of the estimates are known to be affected by surface condition and the adjustment models, there has been little research in a systematic and detail way. When the raw data have been taken from a real measurement, its true value cannot be known, however, thus this study used simulation data in order to analyze clearly the applicability of adjustment models. The generation of simulated data was performed by superimposing horizontal, slope, and curve surfaces and adding a certain amount of noise. Comparative analysis was performed by associating the a posteriori estimates with a priori statistics of each adjustment models. The experimental results show the estimation characteristics of adjustment models against varying surface conditions.

• Journal of the Korean Institute of Navigation
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• v.9 no.2
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• pp.13-26
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• 1985

The purpsoe of automatic steering system is to keep the ship's course stable with the minimum course error and rudder angle, and there have been a number of studies as to the optimal design and adjustment of the autopilot. Recently, modern control theories are being used widely in analyzing and designing the system. When a ship is at sea, autopilot installed on the ship plays an important role, particularly in the respect of economic aspects, that is, when the design and the adjustment of adjustable parameters are not conducted perfectly, the amount of loss in energy and the extension of sailing distance become large. Therefore the optimal design and adjustment of a autopilot are very important. Though P.I.D type autopilots are widely spread and generally used in modern ships, the suitability and the adjusting method are not clarified. In this paper the authors considered the stabilaity and the economical efficiency of the P.I.D. type autopilot and investigated various facts which should be considered at the time of designing and using the P.I.D. type autopilot through the digital computer simulation.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2010.05b
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• pp.67-68
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• 2010

Recently, there were not enough studies regarding the mix adjustment and changes of normal physical properties of slump flow type concrete in domestically. Therefore in this paper, it is aimed securing the fundamental data about flow its mix design method by experimental research. The experiment includes the adjustment of the way for slump flow type concrete by the variation of size of coarse aggregate. In the result, it is advisable raising the ratio of fine aggregate and unit water amount by considering the specific surface when increasing the Gmax size.

• Journal of Communications and Networks
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• v.7 no.1
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• pp.36-44
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• 2005

In this paper, we present a retransmission power adjustment (RPA) scheme for DS/SSMA ALOHA packet radio systems with packet combining. In the proposed RPA scheme, retransmission power is adjusted in such a way that the erroneously-received packet can be recovered with a minimized interference to other user packets. We analyze the performance of the system with the RPA by employing the equilibrium point analysis (EPA), and confirm that the results obtained from the EPA are very close to the simulation results in low power cases. Simulation results demonstrate that the RPA scheme brings forth performance gain in the throughput and the average delay while saving a significant amount of transmission power. We also investigate the stability of the system from the EPA results, and conclude that the system becomes stable as the offered load increases or the level of retransmission power decreases.

• 한국정보통신설비학회:학술대회논문집
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• 2008.08a
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• pp.159-162
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• 2008

Generally, sensor nodes can be easily compromised and seized by an adversary because sensor nodes are hostile environments after dissemination. An adversary may be various security attacks into the networks using compromised node. False data injection attack using compromised node, it may not only cause false alarms, but also the depletion of the severe amount of energy waste. Dynamic en-route scheme for Filtering False Data Injection (DEF) can detect and drop such forged report during the forwarding process. In this scheme, each forwarding nodes verify reports using a regular probability. In this paper, we propose verification probability adjustment scheme of forwarding nodes though a fuzzy rule-base system for the Dynamic en-route filtering scheme for Filtering False Data Injection in sensor networks. Verification probability determination of forwarding nodes use false traffic rate and distance form source to base station.