• Journal of the Korea institute for structural maintenance and inspection
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• v.27 no.5
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• pp.57-66
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• 2023

Asset valuation of social infrastructure is essential for rational decision-making for efficient management of assets. In addition, it can be an indicator for correctly recognizing assets. In general, Korea applies depreciated replacement cost based on the straight-line method to evaluate asset value, yet this is unsuitable for evaluating actual value because it is depreciated at a constant rate over the useful life period. In order to evaluate the asset value considering the performance of the bridge, the performance index of the bridge is estimated using the Weibull distribution. Using the estimated performance indicators and defect index, a new asset value evaluation method is proposed and compared and analyzed with the existing method. The proposed valuation method can take into account the performance of the bridge, so it is judged to be more objective and reasonable than existing method.

• The Journal of the Korea institute of electronic communication sciences
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• v.18 no.5
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• pp.761-768
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• 2023

In the 4th Industrial Revolution, AI(Artificial Intelligence) and IoT(Internet of Things) technologies are being applied to across various fields, with particularly prominence in asset management, disaster management, and meteorological observation. In these fields, it is necessary to accurately determine the real-time and precise tracking of the object's location and status, and to collect various data even in situations that are difficult to detect with existing sensors. In order to address these demands, the use of GNSS(Global Navigation Satellite System) is essential, and this technology enables the efficient management of assets, disaster prevent and response, and accurate weather forecasting. In this paper, we provide the investigated results for the latest trends in the application of GNSS in the fields of asset management, disaster management, and weather observation, among various fields incorporating AI and IoT and analyze them.

• Convergence Security Journal
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• v.24 no.3
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• pp.3-11
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• 2024

Information security is crucial not only for protecting against external cyber-attacks but also for identifying and blocking internal data leakage risks in advance. To this end, many companies and institutions implement digital rights management(DRM) document security solutions, which encrypt files to prevent content access if leaked, and data loss prevention(DLP) solutions, which control devices such as USB ports on computing equipment to prevent data leaks. At a time when efforts to prevent internal data leaks are crucial, there is a growing need for control policies such as device control and the identification of information assets in standalone network environments, which could otherwise fall into unmanaged domains. In this study, we propose a Generation-Distribution-Application model for device control policies that are uniquely applied to standalone information assets that are not connected to internal networks. To achieve this, we developed an authentication technique linked with the asset management system, where information assets are automatically registered upon acquisition. This system allows for precise identification of information assets and enables flexible device control, and we have designed and implemented a system based on these principles.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.401-404
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• 2008

Bridges are exposed to very severe environment and experience, as service life increased, elevated traffic load and traffic flow, in addition to natural disasters. In comparing to other road structures, bridges may cause more significant damage, such as human-involved accidents, to the society in the event of collapse. A certain level of service shall be necessarily secured to assure the minimum safety of users. The cost for manage and preserve bridges will increase gradually and more restrictions will be loaded to efficiently distribute the limited resources, such as monetary budget and human resource etc. In order to enhance performance and serviceability of bridges with the limited resource, asset management technique has been applied into the bridge management system, which capitalizes the road infrastructures including bridges and assess them in accordance with the government finance report. In the application of asset management, there must be a tool for assess the performance of bridges and this study introduces the basic information on the definition and role of performance measures for asset management for bridges.

• KEPCO Journal on Electric Power and Energy
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• v.8 no.2
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• pp.61-68
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• 2022

In this paper, the change history of various types of MV (Medium Voltage) cables was investigated. In addition, the statistical life expectancy of each type was calculated by using the operation data and the failure data. For cut-off year, 10 years was applied, and realistically applicable statistical life expectancy was calculated by correcting the cause of failure entered by mistake. The life expectancy of FR-CNCO-W was calculated as 51.2 years, CNCV-W 38.1 years, and CNCV 31.4 years and the overall average is 33.8 years. Currently, the life expectancy of TR CNCV-W is 29.4 years, but it is estimated that the lifespan will be extended if failure data is accumulated. As a result, it is expected that life expectancy results can be applied to Asset Management System (AMS) in the future.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.41 no.3
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• pp.297-304
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• 2021

The maintenance management system of domestic public facilities is shifting from the concept of diagnosis and repair for maintaining safety of facilities to performance evaluation method that improves and maintains the performance of facilities. However, in Korea, the performance evaluation method for the maintenance of facilities has not been established, so the performance evaluation has not been properly performed. In this study, we propose an asset management model that introduces the concept of performance evaluation to complement the simple maintenance strategy focused on safety management of current facilities. This model differentiated from the existing model by proposing a method for using WBS as a method for collecting facility maintenance information. This model proposed the most important level of service evaluation method and performance measure factors in the performance evaluation of facilities, and conducted a case analysis to assess the appropriateness of this model.

• Management & Information Systems Review
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• v.28 no.3
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• pp.1-23
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• 2009

Prior bankruptcy studies have established that bankrupt firm's pre-filing financial ratios are different from those of healthy firms or of randomly selected going concerns. However, they may not be sufficiently different from the financial ratios of other firms in financial distress to allow the development of a ratio-based model that predicts bankruptcy with reasonable accuracy. As the result, in the multiple discriminant model, independent variables divided firms into bankrupt firms and healthy firms are retained earnings to total asset, receivable turnover, net income to sales, financial expenses, inventory turnover, owner's equity to total asset, cash flow to current liability, and current asset to current liability. Moreover four variables Retained earnings to total asset, net income to sales, total asset turnover, owner's equity to total asset indicate that these valuables classify bankrupt firms and distress firms. On the other hand, Owner's Equity to borrowed capital, Ordinary income to Net Sales, Operating Income to Total Asset, Total Asset Turnover and Inventory Turnover are selected to predict bankruptcy possibility in the Logistic regression model.

• International Journal of Highway Engineering
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• v.10 no.3
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• pp.231-237
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• 2008

One of the basic requirements for the most advanced countries would be the well-planned traffic infrastructures. For such traffic safety systems, foreign countries follow the current tendency to which they manage the traffic facilities and equipments based on the objective assessment for the state of every traffic safety facility in terms of Asset Management(AM). As the road safety facilities related among them are very diverse, and their functions are very important as well, the regulations and directions for installing them are enacted. However, despite the standards and directions for the installations, sometimes, the facilities are not installed in accordance with the standards, not only causing inconvenience to the users but also negatively affecting the safety for them. In the study, for the facilities in which the installation interval and height are standardized according to the designed speed and geometrical structure of the road among the various road safety facilities, the image analysis model capable of measuring them with a line scanning camera was developed. In addition, the program systematically analyzing this was also developed and applied to the field and, as the result of that, the size and installation interval of the facilities could be measured fast and accurately.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.29 no.1D
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• pp.63-72
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• 2009

This study aims at establishing the decision-making support system for the highway assets, long-term performance presumption and evaluation of asset value, which are appropriate for Korea, and proposing the methods of the optimal engineering method and the timing decision for the preventive maintenance through the project evaluation, the optimization method and life-cycle analysis related to the highways. In order to supplement the current problem of the near-sighted budget management system, which chooses the maintenance place of the highway, depending on the level of the budget with fixed amount, the long-term required budget prediction system and the economy principle were introduced, so that the pavement agency can predict the level of the required budget, and it was aimed to develop the pavement asset evaluation system to maintain the performance of the highway with the minimum of the cost. In the use of the highway pavement asset evaluation system, to maintain the appropriate level of the pavement evaluation index, when the budget was efficiently established in the reference of the required maintenance budget for the chosen section of the highway in the year concerned, it was possible to analyze the most rational pavement maintenance budget. With this result, it is estimated to prevent the unnecessary waste of budget in advance, and through the development of the decision-making system for the long-term performance presumption and the asset value estimation of the pavement, it is expected to able to analyze the previous evaluation of the project related to the highway and the feasibility of introduction.

• Annual Conference of KIPS
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• 2011.11a
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• pp.1409-1410
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• 2011

미국, 영국, 호주 등의 나라들은 최소의 비용으로 도로시설물의 기능을 유지 또는 개선하기 위한 방안으로 자산관리(asset management) 체계를 기반으로 한 정보시스템을 개발하고 있다. 한국은 아직까지 자산관리정보시스템에 대한 연구가 초보적인 수준에 머물러 있다. 본 연구에는 사용자관점의 서비스 수준(level of service)과 경제성 분석기법 간의 관계를 토대로 도로시설물을 유지관리하기 위한 자산관리정보시스템을 개발하기 위한 방안을 제시하였다.