• Korean Journal of Construction Engineering and Management
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• v.17 no.3
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• pp.108-115
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• 2016

The price determinant for land investment depends on the internal information process and subjective decision making by management in general. Accordingly, the systematic frame to determine the feasibility of investment price to the public residential land for multi-housing development by private sector has not been proposed. The purpose of this study is to explore the frame to determine the investment price for public residential land from the perspectives of land attribute and apartment market factor. Multiple regression has been implemented to confirm the eligibility of proposed model. Research findings indicate that the land area, floor area ratio, coverage ratio, location have been identified as the total land cost determinant, and for the determinants for floor area land cost, the ratio of apartment, sale price, rent price, etc, have been identified. This research intends to provide the basis for land providers to predict the land value as a raw material in market and present the indicators for land buyers to review the price adequacy for the investment.

• Journal of Korea Water Resources Association
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• v.32 no.1
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• pp.71-81
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• 1999

The objective of this study is to develop a model which can design an optimal pipe network system of least cost while satisfying all the design constraints including hydraulic constraints using a genetic algorithm technique. Hydraulic constraints interfaced with the simulation program(KYPIPE) checked feasible solution region. Genetic algorithm(GA) technique is a relatively new optimization technique. The GA is known as a very powerful search and optimization technique especially when solving nonlinear programming problems. The model developed in this study selects optimal pipe diameters in the form of commercial discrete sizes using the pipe diameters and the pumping powers as decision variables. The model not only determines the optimal diameters and pumping powers of pipe network system but also satisfies the discharge and pressure requirements at demanding nodes. The model has been applied to an imaginary and an existing pipe network systems. One system is adopted from journal papers which has been used as an example network by many other researchers. Comparison of the results shows compatibility of the model developed in this study. The model is also applied to a system in Goyang city in order to check the model applicability to finding of optimal pumping powers. It has been found that the developed model can be successfully applied to optimal design of pipe network systems in a relatively simple manner.

• Journal of Korean Society of Transportation
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• v.34 no.5
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• pp.421-436
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• 2016

Public-Private-Partnerships tend to be committed high project development cost and recover the cost through future revenue during the operation period. In general, long-term concession can bring on more revenue to private investors, but short-term concession less revenue due to the short recovering opportunities. The concession period is usually determined by government in advance or by the private sectors's proposal although it is a very crucial factor for the PPPs. Accurate traffic forecasting should be most important in planing and evaluating the operation period in that the forecasted traffic determines the project revenue with user fees in PPPs. In this regards, governments and the private investors are required to consider the traffic forecast risk when determining concession period. This study proposed a model for the optimal concession period in the PPPs transportation projects. Monte Carlo simulation was performed to find out the optimal concession period while traffic forecast uncertainty is considered as a project risk under the expected return of the private sector. The simulation results showed that the optimal concession periods are 17 years and 21 years at 5.5% and 7% discount level, respectively. This study result can be applied for the private investors and/or any other concerned decision makers for PPPs projects to set up a more resonable concession period.

• Journal of the Korean Society of Marine Environment & Safety
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• v.21 no.2
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• pp.171-178
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• 2015

This research is the first research on developing the speed limit select model and also it is the result of the research on the importance of each element and consideration factors when selecting the speed limit. For the consideration factor discrimination and calculation of the importance, the delphi method and AHP method was used. The delphi survey was processed through third round survey, 5 high consideration factor(Level 1) and 23 low consideration factor(Level 2) was discriminated. During the process of the third delphi survey, when the CVR cost was in the range between 0.4~1.0 it was treated as the consideration factor when selecting the speed limit and less than 0.4 cost was eliminated. In the process of the second delphi survey, 33 consideration factors were discriminated but was reordered into 23 categories through the third survey. Based on the 23 categories earned through the third delphi analysis, the AHP survey was processed. The result of the AHP survey was that out of the importance of the 5 high consideration factor(Level 1), the traffic condition was evaluated as the number one factor and the vessel condition, waterway condition, environment condition, supporting condition and etc. conditions were evaluated following the traffic condition. Out of the 23 low consideration factor(Level 2) consideration, the visibility was evaluated to be the first important and the performance of the vessel steering, objective factors within the harbor, amount of traffic and density, distance between the passing vessel, speed of the steering capacity and tidal current were the following evaluated factors.

• Environmental and Resource Economics Review
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• v.13 no.2
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• pp.219-243
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• 2004

Generally, electricity market has monopoly market structure because of need of enormous investment for infrastructure. However, the introduction of competition in network industry as electricity is a tendency of the world with decreasing the effects of economy of scale due to the advancement of technology. Now, electricity industry restructuring is in progress but the competition in electricity retail market is not in force yet in Korea. Whether a effective competition exist or not is very important to policy decision maker who drive restructuring, but there are small numbers of quantitative researches on that. In this study, we estimated the effectiveness of competition in the electricity retail market through switching costs. If switching costs are high, consumers actually can be locked in incumbent firm in spite of introduction of competition. Therefore switching is a critical factor to determine effectiveness of competition and to estimate the size of switching costs quantitatively can proffer the information about whether the competition in the electricity retail market is effective or not in the future. We estimated switching costs using consumer' stated-preference data by conjoint analysis. In according to estimation results, the cost of switching process is not so high, but the relative brand loyalty of an incumbent company is significantly high. And the price is considered as the most important factor choosing an electric service commodity. Based on the empirical results, it is possible to analyze the relationship between suppliers' competitiveness resulted from management efficiency and customers' switching possibilities. The paper therefore provides guidance for suppliers in deciding to enter into retail competition and for policy makers in introducing retail competition. And it has a significance of estimating the switching costs directly.

• Journal of Korean Society of Environmental Engineers
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• v.32 no.1
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• pp.97-104
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• 2010

At present, the biological nutrient removal (BNR) process for removal of nitrogen and phosphorus is being constructing to keep pace with the reinforced standard of effluent quality and the traditional activated sludge process of preexistence is being promoting to retrofit. At the most case of retrofitting, processes are subjected to be under consideration as alternative BNR process for retrofitting. However, process evaluation methods are restricted to compare only treatment efficiency. Therefore, when BNR process apply, process evaluation was needed various method for treatment efficiency as well as sludge production and aeration cost, and all. In this study, the evaluation method of alternative process was suggested for the case for retrofitting S wastewater treatment plant which has been operated the standard activated sludge process. Three BNR processes for evaluation of proper alternatative process were selected and evaluated with suggested method. The selected $A^2$/O, VIP and DNR processes were evaluated using the mathematical model which is time and cost effective as well as gathered objective evaluation criteria. The evaluation between 5 individual criteria was possible including sludge production and energy efficiency as well as treatment performance. The objective final decision method for selection of optimal process was established through the fuzzy inference.

• Journal of Navigation and Port Research
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• v.36 no.1
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• pp.43-49
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• 2012

Gwangyang port has aimed to establish and expand infrastructure since 2004 as a way of logistics industry development plan for activation of port and increase in traffic. However, it faces many changes due to reduced development of Gwangyang port, slowdown of traffic, and decrease in terminal operators. The need for review of plan and direction regarding infra is on the rise at this point for the purpose of ensuring the stable growth foothold of Gwangyang port and attaining independence of Port. This report focuses on the software infrastructure improvement alternative rather than hardware infrastructure. To analyze the priority of this alternative, AHP technique was applied as a research methodology. In this study, as a measure for decision-making, profitability, ease, urgency, and prospects have been selected, and alternatively, buildup of global networking, training of logistics professionals, operation of environment-friendly & low cost port, and development of specialized logistics companies have been selected. Survey has been conducted toward shipping companies which use Gwangyang port, port operators, hinterland logistics companies and consignor' logistics professionals. As a result of survey, the priorities of measuring range were shipping companies, port operators, consignor, and hinterland logistics companies. Meanwhile, the priorities of measuring elements were profitability, prospects, urgency and then ease. The priorities of alternatives were found to be a buildup of global networking, operation of environment-friendly & low cost port, development of specialized logistics companies and training of logistics professionals.

• Journal of Korea Port Economic Association
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• v.29 no.2
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• pp.19-38
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• 2013

This paper explores the relationship between shipping firm's investment and debt-ratio characteristics. Using a panel of 41 shipping firms from 2006 to 2011, this study finds evidence that debt/asset ratio and leverage are negatively associated with firm's investment activities. This relationship shows that volume of debt and capital structure are critical decision factor on firm's investment and capital financing. In terms of financial expenses to sales, positive relationship is existed with firm's investment finding that financing cost is important to investment. The previous study of the firm's investment in other sector also shows a negative relationship with debit ratio. This study is also interested in the extent to which the firm's investment is affected by firm size because there is general agreement that smaller firms have less access to external capital markets. As results, smaller companies group have more positive relationship with factors related to financing cost such as financial expenses to sales and tax. On the other hand, bigger companies group shows the evidence that firm investment is positive relationship with asset size. The analysis corresponding to economic fluctuation shows that debit ratio is more sensitive to firm's investment during a recession. On the other hand, financial expenses to sales is more related to firm's investment during an economic boom.

• Korean Journal of Construction Engineering and Management
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• v.15 no.6
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• pp.26-34
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• 2014

Highway construction is a combination of linear, repetitive, and highly equipment intensive operations. Various types of construction equipment are deployed to ensure undisrupted performance of construction, and thus productivity improvement and cost-saving can be achieved through well-thought-out planning. The selection of construction equipment is dependent upon construction sequence, site conditions, and construction methods. In the process of planning, management should consider various types of construction methods per each type of construction operation. Also, management should map out proper construction equipment operation plan that takes the construction duration and cost measures into consideration. However, limited availability of historic data from the similar types of operations has been a stumbling block to proper construction planning, making the operations performed based upon experience and intuition guided by rules-of-thumb. As a consequence, the planing phase rarely provided an adequate validity in the implementation phase. The researchers developed a process logic for each construction type that management can utilize from early phase of highway construction planning process. Moreover, derived the construction equipment combination optimized for efficiency by using the process simulation technique. The developed method is expected to be useful for the decision-making process that aims to evaluate efficiency of various process plans and to ensure optimal selection of construction equipment for highway construction projects.

• Journal of the Korean Institute of Educational Facilities
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• v.1 no.1
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• pp.33-40
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• 1994

This study was taken to increase efficiency in reviewing documents of school facilities from the network of ERIV(Educational Resources and Information Center, USA). Outline of the ERIC network, and the structure, role, function of the ERIC thesaurus are introduced. A thesaurus have developed for information retrieval purpose provides the filing labels which permit information to be stored by one person and retrieved by another. As an information system grows, its thesaurus is systematically built and refined to the point where it represents, in a very special sense, the vocabulary of subject field. The Thesaurus of ERIC Descriptors represents such a vocabulary for the field education. An understanding of its origins, its function and its limitations, is just as important to the teacher, the student of education or the educational researcher as it is for the indexer or custodian of the information pool it represents. If the Thesaurus is understood and used in an appropriate way, it can give all educators not only insight into the ERIC system but also an increased awareness of the language of their field. A great many terms are necessary to describe the many aspects of education, and the task of relating them in even an approximately consistent way is an enormous one. The undertaking should be managed by people who not only know what they are talking about but who also should be able to predict what people in their field are lilely to be talking about in the near future. It should also enlist people who are willing to pay term to another within the system. To engage a large number of these two kinds of people over a long period of time is very likely to cost a great deal of money. There is very little proprietary value in producing such a list of terms, for it can very easily be copied, adapted, updated, etc. Thus, because of its high cost and low proprietary value, it becomes a task likely to be funded only by a government. A government has many ways of spending its money. However, after the decision has been made to spend money to produce an authority list, one must decide how this authority is to be delegated. The history of the development of the ERIC Thesaurus is the history of how this authority was delegated. Scientific research has thrived on efforts to define terms as precisely as possible. It is difficult to say with certainty, however, that solutions to social problems have thrived on a simple diet of scientific research. Contemporary crises demand new and imaginative ways of conceiving problems and talking about them. If this Thesaurus or any other scheme for normalizing or controlling language inhibits in the slightest measure the creative use of language, it is against it use. Only if the principles and details of the Thesaurus are misunderstood can it be used as a constraint on language in a negative sense. Students of education of every kind should see the The-saurus as an opportunity to become increasingly self-conscious about their language and thus about their assumptions and their approaches to educational problems.