• International conference on construction engineering and project management
• /
• 2022.06a
• /
• pp.50-56
• /
• 2022

Change Orders generally impact cost and schedule performance of highway projects. However, highway projects that do not have any change orders also face cost growth and schedule delays. This study seeks to determine the cost and schedule performance of Texas DOT projects by collecting project data for 120 highway projects completed between 2016 to 2020. For the study, we selected project data that has zero or negative change orders which were then grouped and analyzed based on their Project Types i.e., maintenance works; structural works; restoration and rehabilitation works; and safety works. The study found that performance of Maintenance and Safety type projects had less cost and schedule growth among the data analyzed. Statistical tests also found that even though the projects have no change orders, Rehabilitation and Restoration type projects experienced significant schedule growth compared to others. However, the data did not show any significant cost and schedule growth for the projects when statistical tests were performed on overall data. The study concluded that highway projects are experiencing schedule growth even though the projects had no change orders. Results from the study can help planners, engineers, and administrators to gain better insight on how different types of highway projects are performing in terms of cost and schedule and eventually derive appropriate solutions to minimize cost and schedule growth in such projects.

• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.38B no.8
• /
• pp.607-614
• /
• 2013

In this work we investigate the power of power law in the VoD service over IP network. Especially, we show that the power of power law is strong in the location of the contents storage for the VoD service and its impact on the link dimensioning. This work first shows the instance of the power law in the popularity of the video contents from the real data for the IPTV service. After that we propose an analytic model that characterizes the behavior of customers in accessing the video servers as well as the power law in the viewing pattern. Finally, we show the impact of the power law by proposing a model for the cost as well as link dimensioning. Via numerical experiment we show the implication of the proposition.

• Journal of the Korea Safety Management & Science
• /
• v.17 no.1
• /
• pp.265-270
• /
• 2015

In industrial society, the core competency of company was depend on the productivity. However the knowledge information era of the 21st century, the market power moved to downstream, the core competency of company is moved from productivity to how to make the products meet the market. Inventory was the burden of the company management. Most of company trying to reduce the inventory. In this study, analyze the impact of inventory to company's operating profit and the impact of distribution center consolidation to total inventory of company.

• The Journal of Information Systems
• /
• v.10 no.2
• /
• pp.129-150
• /
• 2001

In this study, we model a decentralized supply chain system which is managed by four types of centers, sequentially located: Retailer, Wholesaler, Distributor, and Factory Each center contributes to enhancing the performance of the supply chain system individually with its own local inventory information. Through experiments which are performed with a programmed simulation (like the MIT beer game), we investigate how the information lead time improvement in each center affects the whole system. And we show that the impact of the lead time improvement in the downstream, like retailers, affects more to the system than the one in the upstream, like factories, in a cost-effective way. Moreover, by using information lead time for each center, we analyze how much the extent of the improvement affects the whole system, especially for the total cost and the order level.

• Proceedings of the KIEE Conference
• /
• 2008.07a
• /
• pp.580-583
• /
• 2008

As the construction of renewable energy generators is on the rise and gets bigger in size, researchers pay more and more attention to the impact of such facilities on the power market as well as on the stability of power grid system. In Korea, while studies on the latter, including calculating the marginal capacity of renewable energy generators, is being made, those on the former has not yet been performed. As such, this paper analyses the impact of a big renewable energy generators on the price and transaction cost of domestic power market and proposes ideas to minimize such influence by applying the technology of forecasting renewable energy.

• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.42 no.1
• /
• pp.88-97
• /
• 2017

With the increasing of the penetration rate of large-scale wind farms, a reliable, highly available and cost-effective communication network is needed. As the failure of a WF communication network will significantly impact the control and real-time monitoring of wind turbines, network reliability should be considered into the WF design process. This paper analyzes the network reliability of different WF configurations for the Southwest Offshore project that is located in Korea. The WF consists of 20 WTs with a total capacity of 60 MW. In this paper, the performance is compared according to a variety of indices such as network unavailability, mean downtime and network cost. To increase the network reliability, partial protection and full protection were investigated as strategies that can overcome the impact of a single point of failure. Furthermore, the reliability performances of different network architectures are analyzed, evaluated and compared.

• Wind and Structures
• /
• v.3 no.1
• /
• pp.23-40
• /
• 2000

In the early morning hours of February 23rd, 1998, seven large tornadoes ravaged central Florida. A total of 42 people were killed and millions of dollars of damage was done. A strip mall and other commercial structures sustained considerable damage and several residential areas were completely destroyed. Based on field observations, the paper examines the causes and sequence of structural failure for the masonry single family homes. Wind speeds are estimated based on the observed damage, and compared to the meteorological data. Finally, recommendations are given that could help to eliminate or reduce similar failures in the future. It was found that with simple, cost effective measures, most if not all of the damage could have been prevented.

• Journal of Korea Trade
• /
• v.23 no.8
• /
• pp.27-44
• /
• 2019

Purpose - The purpose of this paper is to develop a tractable general-equilibrium model of examining the impact of human resource management on intra-industry trade. Commonly, managers of Korean firms are promoted internally. It necessitates a study of human resource management and its impact on an industrial equilibrium. Design/methodology - This paper relies on theoretical analysis. We build a model in firms are hierarchical; an entrepreneur, managers, and workers. All individuals have heterogeneous managerial talents, which are the main source of managerial quality. Firms search talents for prospect managers, and eventually delegate them to supervise workers. The searching incurs a sunk cost. Findings - Our finding is as follows. Country 1, relatively abundant of managerial talents, can gain more from trade than Country 2, relatively scarce of managerial talents. This is because the higher searching cost leads to the lower survival rate of firms in Country 2. Implicatively, good jobs are destroyed, and aggregate income falls in Country 2. Originality/value - According to our study, relative abundance of managerial talents affects distribution of firm size and determines trade gain. This study can contribute to the literature of organization management and trade.

• Journal of Korean Society of Steel Construction
• /
• v.15 no.2
• /
• pp.147-157
• /
• 2003

The application in steel structures is increasing the mill sheet for the weathering steels by minimum maintenance cost in a life cycle cost. These have been collected and statistically analyzed to investigate chemical compositions, mechanical properties, weldability indices, weathering index and impact absorbed energy. From this study, although the band of dispersion in chernical compositions, mechanical properties and impact absorbed energy of the weathering steels appeared a little larger, the results revealed that these values have adequately satisfied the standard values of the Korean Standard. Furthermore, it was found that the weldability indices and the weathering index for the weathering steels have respectively satisfied the value prescribed by the Japanese Highway Specification and ASTM.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.3
• /
• pp.235-243
• /
• 2022

To help the industry, outsourcing was found to be the most efficient method. An extensive literature analysis was done to assess the macroeconomic factors associated with outsourcing to supplement the anxious parties' decision-making process with evidence-based comprehensive tools. As a theoretical framework for evaluating these issues, transaction cost economies and resource-based perspective theories are investigated. Outsourcing is proven to be a result of energy crises and political instability. The advantages of outsourcing assist major industries in the economy. To discover the key drivers behind outsourcing, we used the vector autoregressive (VAR model) and step-wise regression techniques for the period 1992 to 2016. This research adds to the literature in that it not only explains the energy issue but also discusses the dilemma of political instability in the country in the context of outsourcing. The findings indicate that labor cost and export tendency have a positive impact on outsourcing strategy, which confirms the study's third and fourth hypotheses. Customs tax, inflation, and the unemployment rate, on the other hand, have a negative impact on textile outsourcing in Pakistan, according to the study's fifth, sixth, and seventh hypotheses.