• The Korean Journal of Financial Management
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• v.22 no.1
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• pp.1-36
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• 2005

In this study, we analyzed determinant factors of leverage ratio and debt maturity for Korean firms in the simultaneous equation system using 2SLS (two stage least square) method under assumption that two variables are jointly determined in the capital structure decision. As a result of the analysis, we found that leverage ratio and debt maturity are positively related. Also, as for determinant factors of debt maturity, agency cost hypothesis, asset maturity matching hypothesis, signalling and liquidity risk hypothesis are all generally supported, and further leverage ratio are significantly positively related with firm size, but negatively related with default risk. However, when we divided samples into groups according to bank debt level and Chaebul affiliation, with contrast to existing study which worked on similar issues with OLS, we found no evidence supporting the argument that the information asymmetry problem is less severe in firms with more bank debt, whereas information asymmetry and financial constraint problems are more severe in non-Chaebul affiliated firms.

• Journal of Navigation and Port Research
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• v.34 no.3
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• pp.213-220
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• 2010

Following the application of Formal Safety Assessment(FSA) to bulk carriers, crude oil tankers and large passenger ships, an urgent need to consider the safety of general cargo ships has recently been raised through the International Maritime Organization(IMO)(IMO, 2006a), and related FSA studies are being carried out by International Association of Classification Societies(IACS) as a preparatory work for the discussion on the issue of general cargo ship safety in the IMO committee. FSA is a structured and systematic methodology which is based on the techniques of risk analysis and cost benefit assessment to assist in the decision-making process, and aims at enhancing maritime safety, including protection of life, health, the marine environment and property. FSA can be used as a tool to facilitate the development of regulatory changes equitable to the various parties, with a view to aiding the achievement of consensus, and to help in the evaluation of new regulations and in making a comparison between existing and possibly improved regulations(IMO, 2007). This study aims at verifying the usefulness of FSA methods as a tool to conduct a safety assessment of general cargo ships flying the Korean flag, and providing useful information on 'the safety of general cargo ships' for IMO committee's discussion on the matter at a future session. FSA comprises five steps, however, steps 1(Hazard identification) and 2 (Risk analysis) from the FSA study for the Korean-flagged general cargo ships are discussed in this paper.

• The KIPS Transactions:PartD
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• v.15D no.4
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• pp.451-462
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• 2008

Recently, with the advent of applications using locations of moving objects, it becomes crucial to develop efficient index schemes for spatio-temporal databases. The $TPR^*$-tree is most popularly accepted as an index structure for processing future-time queries. In the $TPR^*$-tree, the future locations of moving objects are predicted based on the CBR(Conservative Bounding Rectangle). Since the areas predicted from CBRs tend to grow rapidly over time, CBRs thus enlarged lead to serious performance degradation in query processing. Against the problem, we propose a new method to adjust CBRs to be tight, thereby improving the performance of query processing. Our method examines whether the adjustment of a CBR is necessary when accessing a leaf node for processing a user query. Thus, it does not incur extra disk I/Os in this examination. Also, in order to make a correct decision, we devise a cost model that considers both the I/O overhead for the CBR adjustment and the performance gain in the future-time owing to the CBR adjustment. With the cost model, we can prevent unusual expansions of BRs even when updates on nodes are infrequent and also avoid unnecessary execution of the CBR adjustment. For performance evaluation, we conducted a variety of experiments. The results show that our method improves the performance of the original $TPR^*$-tree significantly.

• Journal of the Korea Society for Simulation
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• v.21 no.3
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• pp.79-88
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• 2012

Recently, the study in efficient operation, maintenance, and equipment-design have been growing rapidly in military industry to meet the required missions. Through out these studies, the importance of Concurrent Spare Parts(CSP) are emphasized. The CSP, which is critical to the operation and maintenance to enhance the availability, is offered together when a equipment is delivered. Despite its significance, th responsibility for determining the range and depth of CSP are done from administrative decision rather than engineering analysis. The purpose of the paper is to optimize the number of CSP per item using simulation and multiple regression. First, the result, as the change of operational availability, was gained from changing the number of change in simulation model. Second, mathematical regression was computed from the input and output data, and the number of CSP was optimized by multiple regression and linear programming; the constraint condition is the cost for optimization. The advantage of this study is to respond with the transition of constraint condition quickly. The cost per item is consistently altered in the development state of equipment. The speed of analysis, that simulation method is continuously performed whenever constraint condition is repeatedly altered, would be down. Therefore, this study is suitable for real development environment. In the future, the study based on the above concept improves the accuracy of optimization by the technical progress of multiple regression.

• Korean Journal of Construction Engineering and Management
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• v.19 no.4
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• pp.52-60
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• 2018

In the construction industry, attempts to evaluate the environmental impact of products through life cycle assessment (LCA) approach has been on the rise. However, the domestic construction industry needs to make rapid decisions due to limited budget and schedule, so it is difficult to carry out a review of the environmental load on all resources. The decision-making process requires information on the major influence factors that should be focused on to reduce environmental load. And this information should be quantified so that it can be linked to environmental impact assessment. In this study, the LCA results of road construction cases were analyzed to provide such information. As a result, diesel, ready-mixed concrete, urethane-based paint, aggregate, and asphalt concrete were found to be the main factors that generated 93.17% of the environmental load in the earthwork type of road project. The total environmental cost caused by these affecting factors when constructing 1 km of earthwork type of road project is 242 million won. The analysis also shows that a 10% reduction in the amount of ready-mixed and asphalt concretes can reduce carbon emissions by 5.02% and 2.28% while reducing environmental costs by 11 million won per kilometer. In order to reduce carbon emissions of the earthwork type of road project, it is necessary to actively develop and introduce new methods and eco-friendly materials to reduce the overall use of ready-mixed concrete and asphalt concrete.

• Journal of Environmental Policy
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• v.10 no.2
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• pp.21-44
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• 2011

It is important to consider an equitable allocation framework for domestic GHG emission reduction. First, the study established criteria and indicators for the National Allocation Plan (NAP) based on the principles of cost-efficiency and social-acceptance, and performed a case study of the sectoral effort sharing method, using the effort sharing index. The equity analysis of effort sharing based on sectoral preferences and inter-sectoral equity using a Lorenz Curve are performed. The equitable method is more likely to be suitable than the economic one which considers just reduction potential. Equitable effort sharing reflects a higher level of equity than economic effort sharing. At the same time, the equitable effort sharing method is essential for reflecting equity and establishing criteria for equity because evaluation with the equitable effort sharing method depends in particular on the weight of equity criteria. The result suggests the importance of consideration of equity and the establishment of equity criteria. In conclusion, it is critical to consider not only cost-efficiency but equity in policy decision making in terms of the sectoral effort sharing for national GHG reduction target.

• KIPS Transactions on Software and Data Engineering
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• v.1 no.1
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• pp.19-30
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• 2012

The context aware service is the service to provide useful information to the users by recognizing surroundings around people who receive the service via computer based on computing and communication, and by conducting self-decision. But CAS(Context Awareness System) shows the weak point of small-scale context awareness processing capacity due to restricted mobile function under the current mobile environment, memory space, and inference cost increment. In this paper, we propose a mobile cloud context system with using Google App Engine based on PaaS(Platform as a Service) in order to get context service in various mobile devices without any subordination to any specific platform. Inference design method of the proposed system makes use of knowledge-based framework with semantic inference that is presented by SWRL rule and OWL ontology and Jess with rule-based inference engine. As well as, it is intended to shorten the context service reasoning time with mapping the regular reasoning of SWRL to Jess reasoning engine by connecting the values such as Class, Property and Individual which are regular information in the form of SWRL to Jess reasoning engine via JessTab plug-in in order to overcome the demerit of queries reasoning method of SparQL in semantic search which is a previous reasoning method.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.19 no.1
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• pp.51-56
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• 2019

This paper related with the performance comparison of CCA and RMMA blind adaptive equalization in order to reduce the intersymbol interference which is occurred in channel when transmitting the 16-QAM signal, high spectrum efficiencies of nonconstant modulus characteristic. The CCA possible to improve the misadustment and initial convergence by compacting the every signal constellation of 16 by using the sliced symbol of the decision device output, namely statistical symbol, but incresing the computational cost. The RMMA possible to minimize the fast convergence speed and misadjustment and channel tracking capability without increasing the computational cost by obtain the error signal after transform to 4 constant modulus signal based on the region of signal constellation located. In this paper, these algorithm were implemented in the same channel, and the blind adaptive equalization performance were compared using the equalizer output signal constellation, residual isi, MSE, SER. As a result of simulation, the RMMA has better performance in output signal constellation, residual isi and MSE compared to the CCA, but has slow convergence speed about 1.3 times. And the SER performance presenting the robustness to the noise signal, the CCA has more beeter in less SNR, but the RMMA has better in greater than 6dB in SNR.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.21 no.2
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• pp.33-43
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• 2022

The number of car crashes increases along with the increasing number of vehicles. Hence, diverse initiatives on traffic accidents have been implemented, targeting zero crash fatalities. According to the 3rd Traffic Safety Master Plan of 2016, the current standard selecting road accident black spots prioritizes locations with the high cumulative death toll. While this standard is suitable for roads that a city government manages to some extent, it is not suitable for roads less than 20 meters that a borough (Gu) handles. The roads under the supervision of a borough do not have enough death toll, and thus improvements on its road accident black spots are highly limited. In addition, discovering the causes of traffic accidents is not easy when the number of car accidents is obtained by considering only fatal accidents, which are relatively low in number. Therefore, including all traffic accidents might identify causes of accidents and result in better advancements. Therefore, this research follows rational decision-making and suggests new National Traffic Safety Master Plan standards. These new standards are obtained by comparing accident costs between the location of fatal crashes and road accident black spots. The analysis result shows that considering all types of accidents yields better results. For example, a Three-way Intersection in front of Zion Day Care Center, one of the selected spots under the current standard, has lower road crash costs than Sinchon Intersection, a selected spot under a new standard. Therefore, the study concludes that the standards to select road accident black spots need to include traffic accident severity and road crash costs.

• Korean Journal of Construction Engineering and Management
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• v.23 no.4
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• pp.3-14
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• 2022

Autonomous equipment requires a large amount of data from various environments. However, it takes a lot of time and cost for an experiment in a real construction sites, which are difficulties in data collection and processing. Therefore, this study aims to develop a virtual environment for autonomous tower cranes technology development and validation. The authors defined automation functions and operation conditions of tower cranes with three performance criteria: operational design domain, object and event detection and response, and minimum functional conditions. Afterward, this study developed a virtual environment for learning and validation for autonomous functions such as recognition, decision making, and control using the Unity game engine. Validation was conducted by construction industry experts with a fidelity which is the representative matrix for virtual environment assessment. Through the virtual environment platform developed in this study, it will be possible to reduce the cost and time for data collection and technology development. Also, it is also expected to contribute to autonomous driving for not only tower cranes but also other construction equipment.