• Journal of Korean Society for Quality Management
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• v.21 no.1
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• pp.108-120
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• 1993

In this article an economic life test sampling plan is considered for repairable products when the products in each lot have the same interfailure time distribution, but the mean time between failure (MTBF) of a lot varies from lot to lot according to a known prior distribution. A cost model is constructed which consists of test cost, accept cost, and reject cost. Determination of the optimal plan which minimizes the expected average cost per lot is discussed. Numerical examples are presented to illustrate the use of the proposed sampling plans and sensitivity analyses for parameters of the prior distribution are performed.

• Journal of Korea Trade
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• v.26 no.5
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• pp.88-105
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• 2022

Purpose - This paper studies whether economic sanctions can be used as grounds for a party to an international sales contract to get an exemption if he fails to meet his contractual obligation. Because the answer can differ depending on the governing law of the contract, this study focuses on CISG, the most widely recognized international uniform legal instrument as the governing law of the international sale of goods. Design/methodology - This paper focuses on analyzing the conditions to meet before getting an exemption under CISG. For such analysis, this paper examined various scholarly writings, cases, and hypothetical examples reflecting a wide variety of economic sanction measures. Findings - The findings of this paper are as follows. The main provision for exemption under CISG is Article 79(1), which provides for an exemption for a party that failed to perform if such failure was caused by an impediment that was uncontrollable, unforeseeable, and unavoidable; either a seller or a buyer may rely on the Article for his non-performance, delay, or defective performance. The Article is applicable not only where the economic sanction caused impossibility of performance but also where it caused hardship. The economic sanction will likely be found to be an uncontrollable impediment; however, it will be relatively more difficult to prove it to be unforeseeable or unavoidable. Originality/value - The subject of this paper is whether a party can be exempted from liability under CISG when he fails to perform his contractual obligations due to economic sanctions. Given that this issue is now actually faced by many involved in international trade, it is expected to provide practical help to practitioners and companies alike.

• The Journal of Fisheries Business Administration
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• v.12 no.2
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• pp.73-100
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• 1981

Fisheries resources, due to their intrinsic biological -density dependent, and socio- economic -common property nature, might yield the sustained benefits to the society involved, depending on the degree to which the social management scheme, pursuing the optimum yield from each of them, is framed. And besides, the success or failure of the management on them would, with no doubt, lead parallelly to the direction on scientific study of "Natural Resource Economics." Thus the objectives of the management, to ensue the best use of these society's resource, should underlie the technical, economic, ana social efficiency all together to meet the maximization of society's benefits from yields, taking account of managerial efficiency. And those multiple conflicts need communications between biologists, social scientists, and managers given tile mandate, tobe coordinated to arrive at a unique value weighed, through the well-ordered system approach and resulting timely decision-making which accommodates dynamical fisheries aspects and varying social purposes. purposes.

• Economic and Environmental Geology
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• v.33 no.4
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• pp.295-307
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• 2000

Probabilistic analysis is a powerful method to quantify variability and uncertainty common in engineering geology fields. In rock slope engineering, the uncertainty and variation may be in the form of scatter in orientations and geometries of discontinuities, and also test results. However, in the deterministic analysis, the factor of safety which is used to ensure stability of rock slopes, is based on the fixed representative values for each parameter without a consideration of the scattering in data. For comparison, in the probabilistic analysis, these discontinuity parameters are considered as random variables, and therefore, the reliability and probability theories are utilized to evaluate the possibility of slope failure. Therefore, in the probabilistic analysis, the factor of safety is considered as a random variable and replaced by the probability of failure to measure the level of slope stability. In this study, the stochastic properties of discontinuity parameters are evaluated and the stability of rock slope is analyzed based on the random properties of discontinuity parameters. Then, the results between the deterministic analysis and the probabilistic analysis are compared and the differences between the two analysis methods are explained.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.11 no.6
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• pp.645-650
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• 2018

Software stability is the possibility of operating without any malfunction in the operating environment over time. In a finite failure NHPP for software failure analysis, the failure occurrence rate may be constant, monotonically increasing, or monotonically decreasing. In this study, based on the NHPP model and based on the software failure time data, we compared and analyzed the attributes of the software development cost model using the exponential distribution Rayleigh distribution and inverse exponential distribution considering the shape parameter of the Weibull distribution as the life distribution. The results of this study show that the Rayleigh model is the fastest release time and has the economic cost compared to the inverse-exponential model and the Goel-Okumoto model. Using the results of this study, it can be expected that software developers and operators will be able to predict the optimal release time and economic development cost.

• Journal of the Korean Geotechnical Society
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• v.33 no.4
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• pp.5-15
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• 2017

Three-hinge failure occurs in a jointed rock slope with a joint set parallel with slope and a conjugate joint set. Limit Equilibrium Method (LEM) and Finite Element Method (FEM) which are commonly used for slope design, are not suitable for evaluating stability against three-hinge failure, and this study performed parametric study to analyze the failure mechanism and to find influence factors causing three-hinge failure using UDEC which is a commercial two-dimensional DEM based numerical program. Numerical analyses were performed for various joint structural conditions and joint properties as well as ground water conditions. It was found that pore water pressure is the main factor triggering the three-hinge failure and the mode of failure depends on friction angle of basal joint and bedding joint set. The results obtained from this study can be used for adequate and economic footwall slope reinforcement design and construction.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.9
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• pp.1335-1342
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• 2013

Subway is electrified railway system nowadays, in which liquid dielectric transformers have been widely used, though mold type transformers are replacing it. The transformers supplies large electric power and have innate hazards causing accidents under operation. A number of researcher have carried out on failures of it and have oriented to identify transformer's failure causes and how to maintain it healthy state. The transformer failures can cause serious accidents which can provoke economic loss and leads persons to kill. In this paper, we carried out a safety activity to reveal hazards and to estimate risk of subway liquid dielectric transformers using FMEA, HAZOP and What-if methods. In case of installing safety devices in oil immersed transformer, we tried to evaluate an effect on a subsystem's failure rate. We proposed how to design subsystem failure rate and safety device failure rates.

• Journal of Labour Economics
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• v.31 no.1
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• pp.105-133
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• 2008

Focusing market failure and state intervention, this article analyzes the determinants of corporate training in Korea. Analysing the first wave of HCCP(Human Capital Corporate Panel) data produced by KRIVET(Korea Research Institute for Vocational Education and Training), this article finds that even though the skills attainead in corporate in Korea are mostly general(industry-specific), but the market failure in training appears rather small and is confined to the manufacturing industry. And the state intervention in corporate training works only at manufacturing industry, it does not work at new service industry. The results mean that in new service industry, it is difficult to find out the existence of market failure in training due to the positive externalities. Therefore Korea government should look thoroughly into the state intervention in training in new service industry.

• Transactions of the Korean Society of Mechanical Engineers A
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• v.34 no.9
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• pp.1281-1286
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• 2010

Power plants have many components and equipment. It is difficult for operators to know the time of failure or the equipment that fails. Plants incur heavy economic losses due to unexpected failure. The equipment in power plants is constantly monitored by various sensors and instruments. However, prevention of failure is very difficult. Therefore, engineers are developing many types of failure-alarm systems that can detect the abnormal functioning of equipment. Such failure-alarm systems inform only about the abnormal functioning of equipment and do not indicate the cause of failure or the parts that have failed. In this study, we have developed a failure-prediction system that can provide details on the cause of trouble and the maintenance method.

• Proceedings of the Korean Geotechical Society Conference
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• 2009.09a
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• pp.993-1000
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• 2009

In general, a drilled shaft embedded in weathered rock has a large load bearing capacity. Therefore, most of the load tests are performed only up to the load level that confirms the pile design load capacity, and stopped much before the failure load of the pile is attained. If a reliable failure load value can be extracted from the premature load test data, it will be possible to greatly improve economic efficiency as well as pile design quality. The main purpose of this study is to propose a standard for judging the reliability of the failure load of piles that is obtained from extrapolated load test data. To this aim, eleven static load test data of load-displacement curves were obtained from testing of piles to their failures from 3 different field sites. For each load-displacement curve, loading was assumed as 25%, 50%, 60%, 70%, 80%, and 90% of the actual pile bearing capacity. The limited known data were then extrapolated using the hyperbolic function, and the failure load was re-determined for each extrapolated data by the ASCE 20-96 method (1997). Statistical analysis was performed on the reliability of the re-evaluated failure loads. The results showed that if the ratio of the maximum-available displacement to the failure-load displacement exceeds 0.6, the extrapolated failure load may be regarded as reliable, having less than a conservative 20% error on average. The applicability of the proposed standard of judgment was also verified with static load test data of driven piles.