• Journal of the Computational Structural Engineering Institute of Korea
• /
• v.29 no.4
• /
• pp.327-334
• /
• 2016

This study proposed a framework for an infrastructure asset management manual which can be adjusted by different ordering authorities to develop their own manuals. For this, The necessity of asset management manual was examined through analysis of the current status and insufficiencies and limitations in the asset management manuals of the domestic government and ordering authorities. Second, the systems and characteristics of infrastructure asset management manuals in developed countries such as Australia, the United Kingdom and the United States were examined and compared. Finally, based on the domestic infrastructure asset management characteristics and foreign infrastructure asset management manuals, a framework for an infrastructure asset management manual that can be utilized by the ordering authorities was proposed considering generality of asset management manual, asset management maturity of ordering authorities, serviceability of manual, and cyclic processes of asset management.

• Journal of Korean Society of Water and Wastewater
• /
• v.29 no.6
• /
• pp.651-657
• /
• 2015

Recently, the need for asset management(AM) plan introduction to reduce increasing O&M cost with aging water facilities is on the rise. Therefore, asset inventory classification is necessary as the first step for AM plan construction. In this study, all assets of YW water treatment plant(WTP) were classified as 5 steps. In addition, specific code name was given to each asset which can increase compatibility in constructing the AM programs among WTPs. In the future, codes for attribute and status of asset will be allocated, which can facilitate proper AM operation.

• Korean journal of food and cookery science
• /
• v.23 no.2 s.98
• /
• pp.270-279
• /
• 2007

The purposes of this study were to analyze the profitability of audited restaurant franchise firms and to investigate the financial variables affecting profitability. This study decomposed profit variation into the three main factors comprising the Du Pont Identity (operating efficiency, asset use efficiency and financial leverage). The operating efficiency of restaurant franchise firms was on the rise until 2004, but dropped dramatically in 2005. Especially, the profit margin dropped from 13.46% in 2004 to 6.54% in 2005. The asset use efficiency has been decreasing since 2003. The total asset turnover ratio, which can be indicative of over-investment, dropped from 1.55 in 2003 to 1.50 in 2005. The financial leverage remained stable after 2002. There were major differences in debt accumulation among the firms, and the current level of debt was thought to be higher in the restaurant industry than in other industries. Based on the results of a multiple regression analysis, we concluded that the factors affecting ROE were the debt-equity ratio, total asset turnover and the size of the firm. The debt-equity ratio and total asset turnover had a significantly positive effect on ROE, while the firm size had a significantly negative effect on ROE. However, the current ratio and sales growth rate were not significant. The finding that firm size and profitability were negatively related implied that restaurant franchise firms should pursue qualitative growth rather than quantitative growth. There was no major difference in profitability between domestic brands and foreign brands. However, the domestic brand was more efficient in terms of asset usage than the foreign brand.

• International conference on construction engineering and project management
• /
• 2022.06a
• /
• pp.3-10
• /
• 2022

An estimated investment gap of $176 billion needs to be filled over the next ten years to improve America's inland waterway transportation systems. Many of these infrastructure systems are now beyond their original 50-year design life and are often behind in maintenance due to funding constraints. Therefore, long-term maintenance strategies (i.e., asset management (AM) strategies) are needed to optimize investments across these waterway systems to improve their condition. Two common AM strategies include policy-driven maintenance and performance-driven maintenance. Currently, limited research exists on selecting the optimal AM approach for managing inland waterway transportation assets. Therefore, the goal of this study is to provide a decision model that can be used to select the optimal alternative between the two AM approaches by considering key uncertainties such as asset condition, asset test results, and asset failure. We achieve this goal by addressing the decision problem as a single-criterion problem, which calculates each alternative's expected value and certain equivalence using allocated monetary values to determine the recommended alternative for optimally maintaining navigable waterways. The decision model considers estimated and predicted values based on the current state of the infrastructure. This research concludes that the performance-based approach is the optimal alternative based on the expected value obtained from the analysis. This research sets the stage for further studies on fiscal constraints that will effectively optimize these assets condition.

• Proceedings of the KSRS Conference
• /
• 2007.10a
• /
• pp.361-364
• /
• 2007

A small sized device with computing, communicating, sensing capability is changing our life. It will be deployed in the world and acquire a lot of data from the world. It is used for various applications such as military surveillance, environmental monitoring, structure health monitoring, building management, asset tracking, etc. In this paper we focus on USN middleware for asset tracking. A mobile asset is moving here and there within a specific area. The USN middleware tracks the mobile assets in real-time by using sensor nodes and notify their current positions to a user. To achieve the goal, the USN middleware provides some features related to the positions of mobile assets.. They are storing location data by using 3D indexing method, retrieving them by using spatio-temporal query, making trace of an asset, and retrieving the history data of an asset. In the paper, we developed USN middleware to adapt the requirements of asset tracking. It can help users increase the efficiency of their business related to mobile assets and make a valuable decision.

• Journal of the Korean Association of Geographic Information Studies
• /
• v.7 no.4
• /
• pp.98-108
• /
• 2004

The concept of community capacity is regarded as the ability of people and communities to do works associated with the determinant factors and indicators of the circumstances of socio-economic, environmental and physical contexts. Building capacity of communities to effectively analyze our problematic issues and planning of community development is often required to scrutinize current status of community of socio-economic and infrastructural capacity development with GIS. We consider community development as a planned effort to build assets that increase the capacity of communities. Spatial asset mapping is the process enabling to identify and make inventories of tangible and intangible assets. This mapping requires developing a capacity inventory that collects individual organizational and community capacities in view of human, socio-cultural, natural, financial, digital, and physical capacity. The purpose of this research is not only designed to suggest a new concept capacity building, but also proposes a more creative framework of asset-based community cap linking to parcel-based spatial asset mapping and capacity mapping process.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.33 no.3
• /
• pp.1203-1213
• /
• 2013

Governmental accounting system has changed from budgetary accounting on the basis of cash and bookkeeping by single entry to financial accounting on the basis of accrual and bookkeeping by double entry. In the context of this transition, infrastructure becomes considered an asset in accounting, and resulting accounting methods also take different approaches from conventional budgetary accounting. Financial accounting system defines expenditures into two categories, i.e. capital expenditure(CAPEX) and operational expenditure(OPEX), and stipulates that the expenditure shall be divided into those two categories before accounting. The construction and expansion of infrastructure must be considered a CAPEX because it means a sort of asset acquisition, but with regard to applications in practical accounting, it is actually challenging to judge whether any expenditure associated with maintenance works (including repair and service) during use of infrastructure acquired shall be considered CAPEX or OPEX. This paper suggested an asset management based accounting method for sewer maintenance expenditure. And it applied the method to actual accounting cases and analyzed them in comparison with conventional financial information. As a case study result, Sewer asset value of S city increased approximately 700 hundred won because sewer maintenance expenditure are classified between OPEX and CAPEX according to the proposed accounting method. It is expected that the proposed accounting method will contribute significantly to providing any proper sewer asset value information.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.30 no.6D
• /
• pp.663-673
• /
• 2010

We are developing asset management information systems to introduce the preventive/proactive approach at operation and management (O&M) of infrastructures. The objective of this study is to explore the future direction for development and operation of asset management information systems. So, we developed the success model and selected the evaluation criteria for analyzing user satisfaction to assess the expected performance of asset management information systems and the degree of impact on asset management functions to operation and management of highway transportation facilities. We estimated the relative importance weight according to the selected evaluation criteria through AHP analysis. We verified the logical consistency of the importance weight and exclude biased outlier from importance weight group using the concept of the Compatibility.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.3
• /
• pp.251-265
• /
• 2021

It seems a common sense that corporate social responsibility (CSR) is a key driver to attain business sustainability. Nevertheless, there has been little research on the performance of socially responsible activities, including economic and environmental responsibility activities in internationally diversified firms. The purpose of this study was to evaluate the effects of CSR activities on management performance. For this evaluation, an empirical analysis was conducted with a total of 2,520 cases, selected from companies listed on the Korea Composite Stock Price Index market for six years from 2013 to 2018. As proxies for management performance, financial date such as a total asset net profit ratio and a total asset-operating ratio were used. A multivariate regression analysis was conducted to test hypotheses. The results of this analysis indicated that firms in the CSR outstanding group are significantly higher than other groups in management performances. In addition, CSR activities of internationally diversified firms positively influence their total asset net profit ratio and total asset-operating ratio. The results suggested that CSR activities of these firms can play a significant role in enhancing management performances amid the economic status of Korea, where a degree of export dependency is high.

• Journal of Korean Society of Environmental Engineers
• /
• v.32 no.12
• /
• pp.1069-1075
• /
• 2010