• Journal of Distribution Science
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• v.10 no.5
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• pp.19-28
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• 2012

The study examines the performance and its relationship with capital structure and agency cost with respect to the industrial configurations and economic groups of Pakistan Economy. The study employs data set of 334 listed joint stock companies from the nonfinancial sectors for the period of 1999-2009 from cotton and textile, engineering, chemical, sugar, cement, fuel and energy, paper and board, transport and communication, and miscellaneous economic groups. Pooled data from the Panel data methodology has been applied to observe the significance of different performance measures through determinant of capital structure and agency costs with special focus on the leverage and cash flows as the direct determinant and interactive variables. The empirical test results using redundant variable tests demonstrate support for agency theory in the context of Pakistan's industrial configurations. The implications of the study point towards more investigations on the subject using industrial configurations as control and moderating variables.

• Journal of Korean Association for Spatial Structures
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• v.7 no.2 s.24
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• pp.75-82
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• 2007

Building costs means capital costs which include cost of land, cost of acquiring and preparing the site, construction costs, engineering fees, furnishings, cost of financing the project, and cost of management required to run and maintenance the building for use. An economic analysis is one of the most important factor to determine the project feasibility. The purpose of the this study is to analysis on the construction cost structure of steel truss stadium.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.14 no.24
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• pp.7-13
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• 1991

Recently, in FMS composing of various automatic equipments, the machines with lower operating costs, and with higher operating costs and replacement costs resulting from deterioration have been appearing successively as a result of rapidly advances in technology. "Control Limit Policy" [1] by using Markov decision policy, a kind of optimal economic replacement decision, well reflects and represents this environment. In this paper, it is reviewed that the decision method of the forecasted replacement alternatives in planning horizon under technological advances is derived. The proposed method is applied to a numerical example and some characteristics are examined by sensitivity. It is clarified that the method is relatively insensitive to changes of parameters at the present decision. decision.

• Journal of Power System Engineering
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• v.17 no.4
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• pp.131-138
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• 2013

The purpose of this study is to suggest the evaluation standard of cost-effectiveness analysis for renew of architectural equipment in public building. Evaluation items of cost-effectiveness analysis for renew of architectural equipment in public building were used life cycle cost, energy consumption(ton of oil equivalent), green house gas emissions(ton of carbon dioxide) and maximum power demand. Life cycle cost is the process of making an economic assessment of an item, area, system, or facility by considering all significant costs of ownership over an economic life, expressed in terms of equivalent costs. The essence of life cycle costing is the analysis of equivalent costs of various alternative proposals. The social concern with green house gas and maximum power demand of architectural equipment field has been growing for the last several years.

• The Journal of Fisheries Business Administration
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• v.14 no.2
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• pp.15-68
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• 1983

From the economic point of view the fishing port is the complex of installations on land, organized to serve the fishing fleet and its cargo, and is the main link in the production chain of all components of the fishing industry, with the aim of achieving the planned targets with the minimum cost. Fishing port investment decisions have had significant impact on the development aims of Korean fisheries. Fishing port investments in Korea are made mostly by public or semipublic port authorities. Such investments should be judged not purely on the basis of financial profitability but rather on the extent to which they serve the development aims of the fishing industry. This makes the economic appraisal process more complex and presents certain problems in correctly quantifying the economic costs and benefits of the fishing port projects. This study concentrates more on the theoretical economic appraisal models than on the purely financial aspects of fishing port investments and points out the difference between the two approaches. In the result, there is clearly an element of judgment as to whether or not a shadow price needs to be used in estimating economic benefits and costs. From this viewpoint, some attempts are made to provide definitions of the possible economic benefits and costs, and methods for estimating and evaluating them in Part III and IV. Especially queueing theory is applied in the calculation of economic benefits. When a project is contemplated and analysis shows it to Lave a positive NPV, one question that arises is whether it should be implemented now or delayed. In this paper, the first year rate of return method is regarded as a more concise way of solving the timing of investment, At the end of Part IV, risk analysis of fishing port investments is considered. It can be handled in a number of ways, ranging from informal judgment to complex statistical analyses involving large-scale computer models, This paper recommends that evaluators of fishing port investments use the sensitivity analysis indicating exactly how much NPV will change in response to a given change in an input variable, other things held constant. Decisions regarding the amount of capacity to provide must be made in fishing port investments. Providing too much service would involve excessive capital costs. On the other hand, not providing enough service capacity would cause the waiting line of fishing vessels to become excessively long at times. Therefore, in Part V, the optimal number of berths and berth productivity in fishing port are defined as follows: Minimize E(TC) ＝ E(WC)＋E(SC) The minimum of this function is the solution and that is the optimal number of berth and berth productivity in fishing port.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.24 no.1
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• pp.70-76
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• 2012

The purpose of this study is to analyze of the operating characteristics of the Gas engine driven Heat Pump(GHP) and to reduce maintenance costs through the most Economical plan. As the zoning modifications that have economic effects were confirmed. Applications should be made with a similar purpose of the space. The combination of a modified space has led to reduced operating hours of the outdoor unit. The reduction of the outdoor unit operating hours, reducing maintenance costs accordingly. When analyzed at six years have elapsed, the amount of savings through zoning modifications is more than an additional construction cost. During the design phase, cost-effective operation of the GHP is required for the proper zoning plan.

• Journal of Advanced Research in Ocean Engineering
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• v.3 no.4
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• pp.184-192
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• 2017

The Korea Offshore Wind Power (KWOP) cooperation is planning to construct offshore wind energy farms with an overall rated power of 2.5 GW along the southwestern coast by 2019. Hitherto, various structural types of support structures for offshore wind turbines have been being proposed, but these structures have lacked economic analysis studies. Therefore, their economical superiority to existing types has been difficult to guarantee. An offshore structure with economic efficiency will have a minimum amount of mobilizing equipment and short offshore construction period because of the application of rapid installation methods. Thus, the development of a new support structure with economic efficiency is generally considered to be necessary. Accordingly, this paper proposes a newly developed and more economical jacket type for the offshore support structure. This study confirmed its structural safety and performance by conducting a structural analysis and eigenvalue analysis. The manufacturing and installation costs were then estimated. As a result, the new jacket type of offshore support structure proposed in this study significantly reduced the manufacturing and installation costs. Therefore, it is expected that the proposed jacket will contribute to reducing construction expenses for new wind power farms and invigorating wind power farm businesses.

• Journal of the Korean Society of Safety
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• v.30 no.5
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• pp.29-36
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• 2015

Common utility tunnel is essential to the daily lives of people underground utilities (electricity, gas and supply facilities such as water, communication facilities, sewer facilities, etc.) to improve the appearance by co-acceptance and disaster prevention, important for the conservation of the city's population was concentrated road construction the city-based facilities. There is recognition of the importance of the various supply treatment facilities in common utility tunnel as infrastructure to accommodate joint according to the city expanded, the demand for infrastructure. In this paper, a cost-benefit analysis using a one-time occurrence, without simply relying on cost or current cost, project manager for the city-dimensional feasibility study conducted, the user level of the maintenance costs and user costs, including social costs items from various angles can be investigated and proposed a mechanism of economic feasibility common utility tunnel. Evaluation of the proposed technique is cost-benefit and cost caused by installing common utility tunnel the existing pipeline area - was investigated by the benefit analysis, extended and repeated common utility tunnel installation depends much affected by the excavation, so users of reducing the number of repeat excavation convenience can be seen that this occurs.

• Journal of Korean Institute of Industrial Engineers
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• v.34 no.3
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• pp.337-343
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• 2008

The problem of determining the optimum metal plating thicknesses on the plane and curved surfaces of an electronic part is considered. A lower specification limit for the plating thickness is usually pre-specified. In most applications, the plating thickness on the curved surface is proportional to that on the plane surface. The proportion can be adjusted by adding chemical catalysts to the plating fluid. From the economic point of view, nonconforming items with a thickness smaller than the lower specification limit incur rejection costs, such as rework and scrap costs, while a thicker plating may incur an excessive material costs. In this article, an economic model is proposed for simultaneously determining the target plating thickness and the ratio of the plating thickness on the plane surface to that on the curved surface. An illustrative example demonstrates the applicability of the proposed model.

• Journal of Navigation and Port Research
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• v.33 no.7
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• pp.483-490
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• 2009

In recent years, shipping and ports industries are faced with enormous changes like globalization, market liberalization and borderless businesses. To cope with this competitive environment, a certain form of cooperation among ports is necessary to provide high quality of services and lower costs to establish their market power against shipping companies. The purpose of this study is to identify the motivation of the strategic alliances between ports and demonstrate the level of importance using Analytic Hierarchy Process(AHP). Among four motivations of the strategic alliances which are strategic motivation, economic motivation, operational motivation and marketing motivation, economic motivation is the most important factor for ports alliances than other factors. This is because economic motivation among strategic alliances allow ports in the same market to rationalize supply and demand, thus avoiding unnecessary over-supply and over-competition and also can reduce service costs by using comparative advantages of each partner which make costs cheaper.