• Title/Summary/Keyword: Capital Construction

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Research on the process and the provision of the japanese Wooden House (일본 목조주택의 형성과정과 공급실태에 관한 연구)

  • Ahn, Kug-Jin
    • Journal of The Korean Digital Architecture Interior Association
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    • v.11 no.2
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    • pp.71-81
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    • 2011
  • This research explores about the construction process and provision of Japanese Wooden Houses. Even though Prefabricated Houses appeared during the 1960's and the Platform Construction System during the 1970's, there was still a high demand for Conventional Wooden House, with a high demand by households on their 30's. These features were found in the areas of Hokkaido, Kyushu, Tokyo, and Osaka. Tokyo and capital region accommodate large number of the head offices of companies that produce Platform Construction System houses, and thus supply the largest amount of Platform Construction System houses. In capital region, land prices are so high, that they build houses as 3-Floors or above, and also driven by high cost of house construction, house performances are excellent. The houses of Osaka and Kinki region demonstrate similar characteristics to those of capital region. Osaka is headquartered by a group of head offices of companies that produce prefabricated houses, and thus holds more amount of prefabricated house supply than other regions. This city also shows high cost of house construction no less than capital region, and thus offers outstanding performance of house. In Kyushu, whereas Japanese wooden house building systems are supplied the most, Platform Construction System houses are provided the least in the nation. As this region offers rich amount of forest resources owing to mild humid climate which is ideal for vegetations, the Japanese wooden building systems use the timbers from this region. Hokkaido, a cold region, requires houses that offer outstanding performance of heat insulation. Therefore, Hokkaido shows more supplies of Platform Construction System houses that offers outstanding heat insulation performance. They import the timbers that form the structure framework of Platform Construction System houses from North America.

A Empirical Study on the Influences of Core Factor of Knowledge Management on Organizational Effectiveness - Focus on Construction Industry - (지식경영의 핵심요인이 조직유효성에 미치는 영향에 관한 연구 - 건설산업을 중심으로 -)

  • Cho, Kook-Haeng;Hwang, Kyoo-Il
    • Management & Information Systems Review
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    • v.19
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    • pp.145-170
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    • 2006
  • The purpose of this study is to examine the relationship between core factor of Knowledge Management(KM) and organizational effectiveness. The objects of study are middle manager in hosing construction and civil engineering and construction industry, and the sample size is 228. The core factor of KM and indicator of organizational effectiveness are drawn by literature survey. The core factors are classified into human capital, organizational capital, structural capital, (to put it concretely), job capability, human relation, strategy, information technology, process, sharing culture, leadership, measurement. The indicator of organizational effectiveness are measured by job satisfaction, organization loyalty, competitiveness. The main results of this study can be summarized as the following. 1) The core factor of KM has a positive relationship to organizational effectiveness. Especially, the core factor of sharing culture and leadership are strongly relationship with organizational effectiveness. 2) There was a high positive correlation between job satisfaction and organization loyalty. 3) Human, structural, and structural capital had a different affect on organizational effectiveness. 4) The more job position and educational level high, the more they recognized that KM is necessary for their organization. 5) Among the success factor in KM, the factor of job capability was well perceived to respondent. According to this study, we can analyzed the relationship between success factor and organizational effectiveness, and drawn the most influence success factor on organizational effectiveness. Concurrently, the results of this study will be useful guidelines for shaping the KM operation framework in construction industry.

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The Roles of Public Libraries as a Construction Mechanism of Social and Cultural Capital (사회자본과 문화자본 형성 기제로서의 공공도서관의 역할)

  • Lee, Seungmin
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.29 no.4
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    • pp.139-160
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    • 2018
  • The purpose of this research is to empirically analyze the effect of public library use on the construction of social and cultural capital and the close of social classes reproduction through the survey targeting public library users. As a result, the use of public libraries positively affects the construction of both social and cultural capital. In contrast, it partially addresses the problems in social classes reproduction because the social classes with higher levels of education and income tend to use public libraries more often. In order to take a role of and contribute to equal construction of social and cultural capital, public libraries need to be public places for open and social interaction. In addition, it is necessary for public libraries to improve their roles to allow community members to access and utilize various cultural resources.

정보통신기술의 확산과 결정요인

  • 서환주;안정화
    • Journal of Technology Innovation
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    • v.9 no.2
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    • pp.56-76
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    • 2001
  • The main purpose of this study is to analyse the digital divide and th determinants of ICT diffusion rate in Korean industries. We estimate the ICT diffusion function using the pooling data for this analysis. The results are as follows. First, the ICT capital accumulated in machinery & equipment, electrical machinery and construction industry is estimated to be 83% of total In capital stock in the 90s. Second, using the panel analysis, we find positive correlation among ICT diffusion, network effect and accumulation of human capital, which is more prominent in the service sector. Third, the estimation results show that the additional 1% increase of human capital accumulation will allow to increase the 0.69% of ICT capital intensity in Korean industries.

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MODELING ACCURATE INTEREST IN CASH FLOWS OF CONSTRUCTION PROJECTS TOWARD IMPROVED FORECASTING OF COST OF CAPITAL

  • Gunnar Lucko;Richard C. Thompson, Jr.
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.467-474
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    • 2013
  • Construction contactors must continuously seek to improve their cash flows, which reside at the heart of their financial success. They require careful planning, analysis, and optimization to avoid the risk of bankruptcy, remain profitable, and secure long-term growth. Sources of cash include bank loans and retained earnings, which are conceptually similar in that they both incur a cost of capital. Financial management therefore requires accurate yet customizable modeling capabilities that can quantify all expenses, including said cost of capital. However, currently existing cash flow models in construction engineering and management have strongly simplified the manner in which interest is assessed, which may even lead to overstating it at a disadvantage to contractors. The variable nature of cash balances, especially in the early phases of construction projects, contribute to this challenging issue. This research therefore extends a new cash flow model with an accurate interest calculation. It utilizes singularity functions, so called because of their ability to flexibly model changes across any number of different ranges. The interest function is continuous for activity costs of any duration and allows the realistic case that activities may begin between integer time periods, which are often calendar months. Such fractional interest calculation has hitherto been lacking from the literature. It also provides insights into the self-referential behavior of compound interest for variable cash balances. The contribution of this study is twofold; augmenting the corpus of financial analysis theory with a new interest formula, whose strengths include its generic nature and that it can be evaluated at any fractional value of time, and providing construction managers with a tool to help improve and fine-tune the financial performance of their projects.

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A Study on the Characteristics of the Layout of the Hue, the Capital of the Nguyen Dynasty in Vietnam (응우옌 왕조의 도성 Hue의 배치 특성에 관한 연구)

  • Woo, Seong-Hoon
    • Journal of architectural history
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    • v.25 no.1
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    • pp.23-32
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    • 2016
  • This paper is to clarify on the Characteristics of the Layout of the Hue, the Capital of the Nguyen Dynasty in Vietnam, based on a close study of historical records. The results of this study are as follows: Hue was organized according to the traditional capital system of China, whereas the city wall was built Western-style called Vauban. It can be said that the construction of Hue was the result of reflecting both the regional situation that was under the influence of the Chinese culture and the situation of the time that required military facilities based on new technologies. The Axis of Hue oriented to southeast and the location of the government facilities related to way of construction, using the existing facilities. Some facilities that must be located within the imperial city were built its outside. Because facilities for ancestor worship was more important. The facilities for ancestor worship was able to get confirmation that Nguyen Dynasty was successor of ruler who dominated the country.

The Principle of Capital Construction and the Location of the Palace Discovered through the Annotation of Zhouli(周禮)

  • Kang, Seo-Yeon
    • Architectural research
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    • v.20 no.2
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    • pp.45-52
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    • 2018
  • According to previous studies, the form of a city mentioned in Kaogongji(考工記) of Zhouli(周禮) does not exist in reality. Only Beijing during Ming(明) and Qing(淸) Dynasties is discussed as an example, making it lose its worth as a theory. But of all the annotation of Zhouli throughout the 2,000 years before the modern era, core theory related to capital construction had never been stated from the aspect of the present day. Such discussion can be found depicted in Yingzaofashi(營造法式), a specialized book about architectural technology. Unlike what is known until now, the principle of capital construction has a link to the theory of Fengshui(風水), in that it implies the logic of 'Yi(易)'.

Legal Analysis and Overseas Case Analysis of Project Financing's Responsibility (Project Financing의 책임준공에 대한 법률 분석 및 해외 사례 분석)

  • Choi, Ji-Eun;Kim, Won-Chang;Lee, Tae-Gyu
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2023.11a
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    • pp.171-172
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    • 2023
  • As a result of analyzing related laws and cases regarding the problems of PF requiring construction companies to guarantee liability for the entire scope of construction, including firefighting facility construction, the law requires repayment ability, and the capital ratio of PF in Korea is 10%. , Since the equity capital ratio of PF in the United States is 30%, it is judged that it is necessary to reduce the dependence of construction companies.

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A Comparative Study on a Supplier Credit and a Buyer Credit in International Transactions of Capital Goods - Focusing on Industrial Plant Exports, Shipbuilding Exports, and Overseas Constructions -

  • Kim, Sang-Man
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.48
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    • pp.127-155
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    • 2010
  • The international transactions of capital goods such as industrial plant exports, overseas constructions, and shipbuilding exports, are so huge that tremendous amount of funds are required, and that most of the loans are long-term credits of over five years. In the export of huge capital goods, financing is more crucial than technology itself. Some of the importing countries are developing ones that are politically and economically unstable. Therefore the financing mechanism for these transactions is conclusive in winning these projects. Global financial market instability caused by US sub-prime mortgage financial crisis expanded all over the world, and the international transactions have been decreased due to global credit crisis. This indicates how much influential the financing market is in international transactions. The financing schemes are classified into supplier credit and buyer credit by who provides the financing. A supplier credit is a credit extended by an exporter(seller) to an importer(buyer) as part of an export contract. Cover for this transaction may be extended by an export credit agency('ECA') to the exporter. In a sales contract a seller shall provide fund required to manufacture goods, and in a construction contract a contractor shall provide fund required to complete a construction. A buyer credit is an arrangement in which an exporter enters into a contract with an importer, which is financed by means of a loan agreement A Comparative Study on a Supplier Credit and a Buyer Credit in International Transactions of Capital Goods 155 where the borrower is the importer. In a sales contract a buyer shall provide fund required to manufacture and procure the goods, and in a construction contract an owner shall provide fund required to complete a construction. Therefore an exporter is paid on progressive payment method. A supplier credit and a buyer credit have their own advantages and disadvantages in the respect of the parties respectively. These two financing methods are selectively used considering financing conditions such as funding cost, importer's and/or exporter's financial conditions, importing country's political risk.

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The Effect of the Corporate Employee's Perception of Organizational Justice on Psychological Capital, Occupational Satisfaction, and Organizational Commitment : Mainly on the Workers in Construction and Manufacturing Firms (기업 종사자들의 공정성 지각이 심리자본과 직무만족을 통해 조직몰입에 미치는 영향 : 건설업·제조업 종사자를 중심으로)

  • Eom, Jaekyu;Hwang, Changyu;Song, Youngwoo
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.12 no.3
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    • pp.273-297
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    • 2016
  • With research findings that the righteous and advanced society relies on the microscopic personal experience related to the justice as well as the perilous reality of 70% of corporate employees in all industrial environment, this study samples employees in the manufacturing and construction industry, both of which take up 40% of all industries, to look into how the awareness of the justice within their organizations influences the organizational commitment through psychological capital and occupational satisfaction; and to understand the beginnings for the macroscopic change. As a result of verifying the interrelationship between the justice and psychological factors, distributive justice and interactive justice are in a positive relationship with the psychological capital while procedural justice shows no influence; the procedural justice and interactive justice are positive with the occupational satisfaction whereas the distributive justice shows no influence. Also psychological capital appears positive with the occupational satisfaction and organizational commitment while occupational satisfaction is positively related to the organizational commitment.