• Title/Summary/Keyword: Agency costs

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Storage Reliability Prediction Model for Missile subjected to Non-periodic Test and Periodic Inspection excluding Overlapped Failures (수시점검 및 정기검사 시 고장의 중복을 배제한 유도탄 저장신뢰도 예측 모델)

  • Jo, Boram;Ahn, Jangkeun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.5
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    • pp.599-604
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    • 2018
  • For missile systems, sustaining high reliability and ensuring economical maintenance are very important. In the Republic of Korea, for most missiles, periodic inspection is mandatory for missiles in the field. Every fixed number of years, they are returned to the ordnance depot to be tested and repaired if faults are found. Almost all missiles have a built-in test (BIT) capability. With the BIT, faulty missiles can be isolated anytime during operations or storage in the launchers. So the reliability and the maintenance costs of the missiles greatly depend on the length of the inspection cycle and the BIT/inspection quality. In this paper, we suggest a model for predicting the storage reliability of missiles subjected to non-periodic tests and periodic inspections, excluding overlapping failures. Some numerical examples are given. This model will be useful for determining the length of the periodic inspection cycle.

Cost-effectiveness Analysis of Cervical Cancer Screening Strategies Based on the Papanicolaou Smear Test in Korea

  • Ko, Min Jung;Kim, Jimin;Kim, Younhee;Lee, Yoon Jae;Hong, Sung Ran;Lee, Jae Kwan
    • Asian Pacific Journal of Cancer Prevention
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    • v.16 no.6
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    • pp.2317-2322
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    • 2015
  • Background: Despite the increasing number of screening examinations performed for cervical cancer utilizing the Papanicolaou smear test (Pap test), few studies have examined whether this strategy is cost-effective in Korea. Objective: This study was conducted to evaluate the cost-effectiveness of cervical cancer screening strategies incorporating the Pap test based on age at the start and end of screening as well as screening interval. Materials and Methods: We designed four alternative screening strategies based on patient age when screening was started (20 or 30 years) and discontinued (lifetime, 79 years). Each strategy was assessed at screening intervals of 1, 2, 3, or 5 years. A Markov model was developed to determine the cost-effectiveness of the 16 possible cervical cancer screening strategies, and this was evaluated from a societal perspective. The main outcome measures were average lifetime cost, incremental quality-adjusted life-years (QALYs), and incremental cost-effectiveness ratio (ICER). Results: Compared with various strategies comprising younger starting age, discontinuation age, and longer screening intervals, strategies employing annual screening for cervical cancer starting at a target age of 30 years and above were the most cost-effective, with an ICER of 21,012.98 dollars per QALY gained (with a Korean threshold of 30,000,000 KRW or US$27,272). Conclusions: We found that annual screening for cervical cancer beginning at a target age of 30 years and above is most cost-effective screening strategy. Considering the potential economic advantages, more intense screening policies for cervical cancer might be favorable among countries with high rates of cervical cancer and relatively low screening costs.

Durability Analysis of a Large-sized Military Truck Using Virtual Test Lab (가상 시험 모델을 이용한 군용 대형트럭의 내구해석)

  • Suh, Kwon-Hee;Song, Bu-Geun;Lim, Hyeon-Vin;Chang, Hun-Sub;Oh, Cheol-Jo;Yoo, Woong-Jae
    • Transactions of the Korean Society of Automotive Engineers
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    • v.19 no.3
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    • pp.57-64
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    • 2011
  • In general, the durability performance of a large-sized military truck has been checked through a field durability test which required many man-hours and costs. To reduce these expenses, the durability analysis using a VTL(Virtual Test Lab) at an initial design stage was introduced recently. In this paper, the VTL with a multi-post testrig template for a large-sized truck was developed to compute the load histories transferred to cabin and chassis frame. The VTL consisted of trimmed FE models of cabin, chassis frame, and deck, dynamic models of front and rear suspensions, and a 8-post testrig template. The basic characteristics of the VTL were correlated with experimental results which had been extracted from actual driving test, modal test, and static weight test. The fatigue analysis using MSM(Modal Superposition Method) was applied to evaluate the durability performance of a large-sized military truck. From a series of analytic methods, it is shown that the fatigue analysis process using the VTL could be a useful tool to estimate the fatigue lives and weak areas of a large-sized military truck.

The determinants of family firm's debt structure (가족기업의 부채구조 결정요인 분석)

  • Gong, Jaisik;Kim, Choong-Hwan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.1
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    • pp.101-108
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    • 2013
  • In this paper, we examine the impact of family ownership mechanism on the firm's debt policy. Our results show that family firms tend to have a lower debt level, compared with non-family firms. Foreign investors are found to lead to a reduction in the firm's debt level through their monitoring incentives for dominating large shareholders. The firm's profitablily is related to a lower level of debt, whereas higher tangible assets and firm size are positively associated with high debt ratios due to the possibility of large collateral assets. Some implications are that foreign investors can reduce the agency costs of dominating large shareholders in family firms through monitoring activities, thus enhancing the efficiency of business decision-makings.

Performance Analysis of Transport Time and Legal Stability through Smart OTP Access System for SMEs in Connected Industrial Parks

  • Kim, Ilgoun;Jeong, Jongpil
    • International Journal of Advanced Culture Technology
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    • v.9 no.1
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    • pp.224-241
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    • 2021
  • According to data from the National Police Agency, 75.5 percent of dead traffic accidents in Korea are truck accidents. About 1,000 people die in cargo truck accidents in Korea every year, and two to three people die in cargo truck accidents every day. In the survey, Korean cargo workers answer poor working conditions as an important cause of constant truck accidents. COVID 19 is increasing demand for non-face-to-face logistics. The inefficiency of the Korean transportation system is leading to excessive work burden for small logistics The inefficiency of the Korean transportation system is causing excessive work burden for small individual carriers. The inefficiency of the Korean transportation system is also evidenced by the number of deaths from logistics industry disasters that have risen sharply since 2020. Small and medium-sized Korean Enterprises located in CIPs (Connected Industrial Parks) often do not have smart access certification systems. And as a result, a lot of transportation time is wasted at the final destination stage. In the logistics industry, time is the cost and time is the revenue. The logistics industry is the representative industry in which time becomes money. The smart access authentication system architecture proposed in this paper allows small logistics private carriers to improve legal stability, and SMEs (Small and Medium-sized Enterprises) in CIPs to reduce logistics transit time. The CIPs smart access system proposed in this paper utilizes the currently active Mobile OTP (One Time Password), which can significantly reduce system design costs, significantly reduce the data capacity burden on individual cell phone terminals, and improve the response speed of individual cell phone terminals. It is also compatible with the OTP system, which was previously used in various ways, and the system reliability through the long period of use of the OTP system is also high. User customers can understand OTP access systems more easily than other smart access systems.

A Study on the Characteristic Factors of Logistics Companies and the Wage Gap of Workers in Korea (우리나라 물류기업 특성요인과 근로자 임금격차에 대한 분석연구)

  • Koo, Kyoung-mo
    • Journal of Korea Port Economic Association
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    • v.38 no.2
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    • pp.139-152
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    • 2022
  • In this paper, samples are collected for individual companies and the factors affecting worker wages (average annual salary) are analyzed in depth. In addition to the average annual salary of workers in a company, we would like to conduct an in-depth analysis of the average annual salary of first-time employees. Specifically, we tried to explain the size of companies, the production structure of capital and labor, and the impact of business on the average annual salary of first-time, college, and graduate school graduates by educational background of first-time employees. The difference in average annual salary of first-time employees of logistics companies is a decisive factor in the main project on sales, and first-time graduates and college graduates provided high salaries in the overseas passenger cargo transportation, port operation, and unloading management, and low salaries in the land cargo and warehouse industries. n addition, Korean logistics companies had relationships between the location of the headquarters, the number of employees, the proportion of labor costs to sales, and the four characteristic factors of the main business on sales. This fact is that Seoul-based foreign passenger cargo transportation, corporate logistics agency, complex transportation, and international transportation relay are large companies, with a low proportion of labor costs and a higher proportion of capital, technology, and information-intensive investments.

Distributor's pricing and ordering policies with linearly price dependent demand for decaying products under order-size-dependent delay in payments (주문량의 크기에 따라 신용거래 기간이 허용되는 상황하에 선형적으로 감소하는 고객 수요를 고려한 퇴화성제품의 최적 가격 및 재고정책)

  • Shinn, Seong-Whan
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.3
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    • pp.485-491
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    • 2022
  • The traditional economic order quantity (EOQ) model is analyzed under the basic assumption that the purchase price is paid immediately upon receiving the product. However, product suppliers may allow a certain period of deferral of payment for product purchase costs in order to differentiate themselves from competitors. From the distributor's point of view, such a credit transaction can temporarily divert product purchase costs, resulting in a reduction in inventory investment costs, and ultimately, a factor that lowers the selling price for the purpose of increasing end-customer demand can be. In addition, in that credit transactions are provided for the purpose of increasing the demand of suppliers as a means of differentiation from competitors, it is more general to be allowed flexibly according to the transaction volume. In this regard, assuming that the end customer's demand is represented by a linear decreasing function of the distributor's selling price, this study analyzes a model for determining the distributor's pricing and ordering policies under order-size-dependent delay in payments. For the analysis, we also assume that the inventory is depleted not only by customer's demand but also by decaying.

Research on the Rational Solution for Oriental Medical Conflicts - Focusing on the relieving role of KCA in oriental medical disputes - (한방의료분쟁의 합리적인 해결방안 연구 - 한국소비자원의 한방의료 피해구제를 중심으로 -)

  • Jeong, Mi-Young
    • The Korean Society of Law and Medicine
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    • v.9 no.2
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    • pp.383-422
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    • 2008
  • Considering above, It might be efficient that medical disputes would be settled by the intervention, the agreement, and the administrative relief that reflect mediators' opinion, who have rich social experience as well as specialized knowledge. Therefore, KCA needs to strengthen its function of mediation and improve relevant systems to become an effective settlement institution. And although Oriental medicine disputes have mainly given ex post facto explanations so far, administrative efforts such as policy development or legislation should be made for the high quality of Oriental medical services offered because an efficient way saving social or economic costs caused by the dispute would be precautionary measures. The traditional Oriental medicine is featured with the lack of baseline examination, the uncertainty of medical mistakes, the difficulty in clarifying and proving facts, the hardship of injury conformation and causality because of the characteristics of Oriental medicine, and the relative lightness of physical damages. Actually, there has been few legal settlements in Oriental medical disputes since the compensation, itself, compared to the lawsuit cost, is relatively much lower without practical benefits.

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A Study on security policy for vitalizing financial company cloud (금융회사 클라우드 활성화를 위한 보안 정책 연구)

  • Im, Je-sang
    • The Journal of the Convergence on Culture Technology
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    • v.3 no.4
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    • pp.199-205
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    • 2017
  • As cloud computing can utilize the proper allocation of system resources, it can be expected to have great benefits in terms of maintaining availability and reducing costs when a cloud is applied to a financial company's computer system. Although some provisions of the Financial Supervisory Regulation were revised in October 2016, this is limited to non-critical information processing systems, limits are remain whitch the application of cloud computing to the whole computer system of financial companies including electronic financial systems. In this paper, cloud security requirements are studied for the application of financial company's computational infrastructure system.

A Non-Kinetic Behavior Modeling for Pilots Using a Hybrid Sequence Kernel (혼합 시퀀스 커널을 이용한 조종사의 비동적 행위 모델링)

  • Choi, Yerim;Jeon, Sungwook;Jee, Cheolkyu;Park, Jonghun;Shin, Dongmin
    • Journal of the Korea Institute of Military Science and Technology
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    • v.17 no.6
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    • pp.773-785
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    • 2014
  • For decades, modeling of pilots has been intensively studied due to its advantages in reducing costs for training and enhancing safety of pilots. In particular, research for modeling of pilots' non-kinetic behaviors which refer to the decisions made by pilots is beneficial as the expertise of pilots can be inherent in the models. With the recent growth in the amount of combat logs accumulated, employing statistical learning methods for the modeling becomes possible. However, the combat logs consist of heterogeneous data that are not only continuous or discrete but also sequence independent or dependent, making it difficult to directly applying the learning methods without modifications. Therefore, in this paper, we present a kernel function named hybrid sequence kernel which addresses the problem by using multiple kernel learning methods. Based on the empirical experiments by using combat logs obtained from a simulator, the proposed kernel showed satisfactory results.