• Steel and Composite Structures
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• 제8권3호
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• pp.201-216
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• 2008

The Eurocode system provides limited information regarding the structural fire design of external steel structures. Eurocode 1 provides thermal action for external member but only in steady-state conditions. On the other hand, Eurocode 3 provides a methodology to determine heat transfer to external steelwork, but there is no distinction in cross section shapes and, in addition, the calculated temperature distribution is assumed to be uniform in the cross section. This paper presents the results of a research carried out to develop a new transient heat transfer model for external steel elements to improve the current approach of the Eurocodes. This research was carried out as part of the project EXFIRE "Development of design rules for the fire behaviour of external steel structures", funded by the European Research Programme of the Research Fund for Coal and Steel (RFCS).

• Journal of the Korean Society of Safety
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• 제26권6호
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• pp.1-6
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• 2011

This study focuses on the control strategy for industrial safety in Korea. Specifically, the effect of safety budget such as the industrial accident prevention fund on the safety performance to prevent and reduce industrial accidents is statistically examined first and modeled as a second order system. The effectiveness of such a dynamic model is also explained with a simple PI control mechanism in a feedback loop. The simulated model, however, suggests that, without improving the efficiency of the safety system, extra safety budget needed to decrease the accident rate to a level in advanced countries is far beyond the social consensus. An efficient way of reducing industrial accidents based on such a dynamic model with more internal damping but with less elastic nature in a feedback loop framework needs to be implemented.

• Korean Journal of Social Welfare
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• 제36권
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• pp.259-283
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• 1998

This research is based on the assumption that Korea's social consensus among two sides of industry and government on Feb. 2 '98 was not just temporary response to the economic crisis caused by International Monetary Fund financial fund. Some arguments on the applicability of social democracy and corporatism and D. Donnison's perspective on Democratic Socialism are employed in search of an appropriate social consensus model for Korean situation. In the process of analyzing Korean situation in historical context it becomes apparent that there is embryo of stable social consensus beyond the level of tentative social cooperation to overcome the economic crisis. The next step applying the social consensus model to the employment policy for people with disability levels up empirical and theoretical validity of this research. It casts some implications for disability labour market which demands another kind of social consensus among people with disability, employers and the government. These implications include a desirable solution for hard lives of unemployed people with disability in economic difficulties and current policy issues facing Korean government.

• Journal of Korea Port Economic Association
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• 제31권2호
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• pp.23-40
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• 2015

This study measures how Korean shipping policies influence the expansion of the country's merchant fleet using system dynamics. It uses various indexes as factors influencing the gross tonnage of the Korean merchant fleet, such as the Baltic Dry Index, Howe Robinson Container Index, China Containerized Freight Index, and Worldscale Index, as well as the US dollar-Korean won exchange rate, world merchant fleet statistics, and the debt ratio of Korean shipping companies. After establishing the simulation model, the mean absolute percentage error is found to be less than 10%, confirming the accuracy of the model. Therefore, a sensitivity analysis is conducted to measure the influence of the selected shipping policies, including the gross tonnage of vessels registered under the Korean second registry system, loans of publicly owned financial institutions to shipping companies, ship investment fund, and the number of shipping companies participating in the tonnage tax scheme. The sensitivity analysis reveals that the influence of vessel tonnage and loans to shipping companies is the most significant, while that of the number of companies participating in the tonnage tax scheme is minimal.

• The Journal of Asian Finance, Economics and Business
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• 제6권4호
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• pp.189-199
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• 2019

The objectives of this study are to propose the Integrated Waqf Environmental Protection Model (IWEP) and investigate the farmers' intention to adopt it. In developing the IWEP model and investigating farmers' willingness to adopt it, this study surveyed 400 farmers in Kedah. The intention of the farmers to adopt the proposed model was analysed by adding perceived barriers and socio-economic variables into the theory of reasoned action (TRA) model. The collected data were processed using structural equation modelling (SEM). The SEM results show that the subjective norm is positive and has a significant impact on the intentions of low-income farmers to accept the IWEP model. This indicates that the decision of the low-income farmers to accept the IWEP model is significantly influenced by their family members, neighbours and friends. Furthermore, awareness and perceived barriers have a greater impact on the elderly, highly educated and wealthy farmers. The findings indicate that the elderly, highly educated and wealthy farmers are aware of climate change and they perceive higher risks or barriers to climate change. As a result, they are more likely to have an adaptation intention. If we encourage people to create waqf fund, we can increase the value of the farmer and the country's total GDP.

• Environmental and Resource Economics Review
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• 제9권2호
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• pp.393-420
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• 2000

Since the transportation taxes were imposed on gasoline and diesel in 1994 for the purpose of financing the special projects, such as the construction of highways or railroads, the rates have been frequently and rapidly changed in case of need to stabilize prices or secure public fund, contrary to its own purpose. This paper presents a theoretical model for a special purpose tax based on the minimization of the dead weight los incurred by the imposition of the tax. A computable static model for the tax rate is developed and estimated for a various range of target level of total tax rebenue. The results shows that, under tax revenue of 40 trillion won, the rates for the year of 1999 are 385.2 won for one liter of gasoline and 198.4 won for one liter of diesel. The estimated gasoline rate is no more than about 59% of the current rate. However, the rate for diesel turns out to be 24% higher than the current level.

• Asia-Pacific Journal of Business
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• 제7권1호
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• pp.31-42
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• 2016

Small and Medium Enterprises (SMEs) are suitable to provide employment with lower investment in densely populated countries like Bangladesh. A stochastic frontier model is used to evaluate performance of SME Banking of the commercial banks in Bangladesh. Input (Total Deposit, Cost of Fund and Salary Expenditure) and output (Finance to SME) data are collected on 45 banks which are dealt with SME for 13 quarters from $1^{st}$quarter of 2010 to $2^{nd}$quarter of 2013. Average performance of the SME banking is 0.716 in Bangladesh. That is, banks have opportunity to increase 30% performance in SME banking from the same inputs. Bangladesh Development Bank has lowest performance (0.540) while Eastern bank has the highest performance (0.753). Highest (0.743) and lowest (0.662) performance is observed during the second quarter of 2013 and fourth quarter of 2010 respectively. Inefficient Bank might be benefited by following the rules of efficient banks.

• Korean Journal of Organic Agriculture
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• 제20권4호
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• pp.431-445
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• 2012

In this regard, urban agriculture is developing into a variety of shapes. Urban agriculture includes various types, such as industrial agriculture, experience agriculture, educational agriculture, exchange agriculture and cyclic agriculture. The result of evaluation on citizens' values about multi-functions provided by urban agriculture can be used for policy making to overcome crisis of urban agriculture due to urban development and industrialization and to vitalize urban agriculture. The willingness-to-pay for the maintenance fund was categorized into vegetable garden users, general consumers, and all respondents, for analysis. The estimation results for the valuation of multi-functionality were KRW 20,367 per household for general consumers; KRW 22,174 for urban agriculture users; and KRW 21,467 for all respondents.

• Korean Journal of Organic Agriculture
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• 제21권2호
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• pp.125-137
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• 2013

The Purpose of this paper is to estimates consumers' willingness to pay for Urban Agriculture Park attributes. we analysis the marginal WTP by choice experiment method. Choice experiment (CE) is designed to elicit the marginal WTP differences among urban agriculture park attributes (garden scales, learning and experience area, leisure and relaxation area and fund). The results of multinomial logit model are meaningful, the total marginal WTP on the urban agriculture park attributes is 18,852 won. gardens scales is 2,949 won, learning and experience area is 11,284 won, leisure and relaxation area is 4,619 won. In the current laws, the facilities related to urban agriculture park is not. Taking advantage of the new urban agriculture park, Amendments of the law is required.

• Korean Management Science Review
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• 제24권2호
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• pp.115-126
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• 2007

Weekly minima of daily log returns of Korean composite stock price index 200 and its five industry-based business divisions over the period from January 1990 to December 2005 are fitted using two block-based extreme distributions: Generalized Extreme Value(GEV) and Generalized Logistic(GLO). Parameters are estimated using the probability weighted moments. Applicability of two distributions is investigated using the Monte Carlo simulation based empirical p-values of Anderson Darling test. Our empirical results indicate that both the GLO and GEV models seem to be comparably applicable to the weekly minima. These findings are against the evidences in Gettinby et al.[7], who claimed that the GEV model was not valid in many cases, and supported the significant superiority of the GLO model.