• Title/Summary/Keyword: Future Management

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Vulnerability AssessmentunderClimateChange and National Water Management Strategy

  • Koontanakulvong, Sucharit;Suthinon, Pongsak
    • Proceedings of the Korea Water Resources Association Conference
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    • 2016.05a
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    • pp.204-204
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    • 2016
  • Thailand had set the National Water Management Strategy which covered main six areas in the next 12 years, i.e., by priority: (1) water for household, (2) water for agricultural and industrial production, (3) water for flood and drought management, (4) water for quality issue, (5) water from forest conservation and soil erosion protection, (6) water resources management. However due to the climate change impact, there is a question for all strategies is whether to complete this mission under future climate change. If the impact affects our target, we have to clarify how to mitigate or to adapt with it. Vulnerability assessment was conducted under the framework of ADB's (with the parameters of exposure, sensitivity and adaptive capacity) and the assessments were classified into groups due to their different characteristic and the framework of the National Water Management Strategy, i.e., water supply (rural and urban), water for development (agriculture and others), water disasters (floods (flash, overflow), drought, water quality). The assessments identified the parameters concerned and weight factors used for each groups via expert group discussions and by using GIS mapping technology, the vulnerability maps were produced. The maps were verified with present water situation data (floods, drought, water quality). From the analysis result of this water resources management strategy, we found that 30% of all projects face the big impacts, 40% with low impact, and 30% for no impact. It is clear that water-related agencies have to carefully take care approximately 70% of future projects to meet water resources management strategy. It is recommended that additional issues should be addressed to mitigate the impact from climate risk on water resource management of the country, i.e., water resources management under new risk based on development scenarios, relationship with area-based problems, priority definition by viewpoints of risk, vulnerability (impact and occurrence probability in past and future), water management system in emergency case and water reserve system, use of information, knowledge and technology in management, network cooperation and exchange of experiences, knowledge, technique for sustainable development with mitigation and adaptation, education and communication systems in risk, new impact, and emergency-reserve system. These issues will be described and discussed.

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The Usefulness of Other Comprehensive Income for Predicting Future Earnings

  • LEE, Joonil;LEE, Su Jeong;CHOI, Sera;KIM, Seunghwan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.31-40
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    • 2020
  • This study investigates whether other comprehensive income (OCI) reported in the statement of comprehensive income (one of the main financial statements after the adoption of K-IFRS) predicts a firm's future performance. Using the quarterly data of Korean listed companies, we examine the association between OCI estimates and future earnings. First of all, we find that OCI is positively associated with earnings in both 1- and 2-quarter ahead, supporting the predictive value of OCI. When we break down OCI into its individual components, our results suggest that the net unrealized gains/losses on available-for-sale (AFS) investment securities are positively associated with future earnings, while the other components (e.g., net unrealized gains/losses on valuation of cash flow hedge derivatives) present insignificant results. In addition, we investigate whether the reliability in OCI estimates enhances the predictive value of OCI to predict future performance. We find that the predictive ability of OCI, in particular the net unrealized gains/losses on available-for-sale (AFS) investment securities, becomes more pronounced when firms are audited by the Big 4 audit firms. Overall, our study suggests that information content embedded in OCI can provide decision-useful information that is helpful for the prediction of future firm performance.

A study on Technology Push-based Future Weapon System and Core Technology Derivation Methodology (빅데이터분석기반의 기술주도형 미래 국방무기체계 및 핵심기술 도출 방법연구)

  • Kang, Hyunkyu;Park, Yongjun;Park, Jaehun
    • Journal of Korean Society for Quality Management
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    • v.46 no.2
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    • pp.225-242
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    • 2018
  • Purpose: Recent trends have shown that the usage of big data analysis is becoming the core of identifying promising future technologies and emerging technologies. Accordingly, applying these trends by analyzing defense related data in such sources as journals, articles, and news will provide crucial clues in predicting and identifying core future technologies that can be used to develop creative and unprecedented future weapon systems that could change the warfare. Methods: To identify technology fields that are closely related to the 4th industrial revolution and recent technology development trends, environmental analysis, text mining, and military applicability survey have been included in the process. After the identification of core technologies that are militarily applicable, future weapon systems based on these technologies as well as their operation concepts are suggested. Results: Through the study, 73 important trends, from which 11 mega trends are derived, are identified. These mega trends can be expressed by 13 promising technology fields. From these technology fields, 248 promising future technologies are identified. Afterwards, further assessment is performed, which leads to the selection of 63 core technologies from the pool. These are named as "future defense technologies" which then become the bases for 40 future weapons systems that the military can use. Conclusion: Predicting future technologies using text mining analysis have been attempted by various organizations across the globe, especially in the fields related to the 4th industrial revolution. However, the application of it in the field of defense industry is unprecedented. Therefore, this study is meaningful in that it not only enables the military personnel to see promising future technologies that can be utilized for future weapon system development, but helps one to predict the future defense technologies using the method introduced in the paper.

A Study on the Leadership in Korean Management (한국경영에 있어서의 리더쉽에 관한 연구)

  • 김인호
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.2 no.2
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    • pp.19-32
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    • 1979
  • The title of research is a study on the leadership in Korean management. The purpose of research is that I build up the ideal management-leadership in future which is objective and suitable studying through the existing theory at all points, and analyzing the leadership in Korean management concentrated on situational factors. Moreover it contributes to the promotion of productivity, the contents of research 1. The importance of management-leadership. 2. The development in theory concentrated on a principle of leadership. 3. The development in behavioral scientific leadership, which adopts situational approach to its methodology. 4. The study on the leadership-style and the pursuit of the ideal management-leadership in accordance with behavioral analysis. 5. The build up of leadership in Korean management. The refore I learn the following facts through the study on the leadership in modern management. 1. Leadership consists of the relations among all interdependant variables composing of system. 2. The problem of the increase in the management-leadership effectiveness. 3. The pursuit oriented ideal management-leadership. 4. The build-up of leadership in Korean management. So far 1 have studied the theory of management-leadership at all points and the leadership in Korean management concentrated on situational factors. I learn that leadership is made of the relations among these in building the future management-leadership. Therefore I try to come to the conclusion by raising the following three problems. 1. The increase in leadership effectiveness. 2. Leadership-oriented. 3. The build-up of the leadership in Korean management.

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The Effects of Total Quality Management and Corporate Social Responsibility on Firm Performance: A Future Research Agenda

  • TSOU, Yu-Hong;HUANG, Yung-Fu;LIU, Su-Chuan;DO, Manh-Hoang
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.4
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    • pp.277-287
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    • 2021
  • This article systematically reviews the adoption of total quality management (TQM) implementation and corporate social responsibility (CSR) initiatives on firm performance. A total of 233 published documents from 1996 to 2020 in international journals have been collected and listed on the SCOPUS database. It aims to fill the existing literature gap regarding TQM and CSR practices and point out a future research agenda. This study employed a systematic literature review approach to review those manuscripts related to TQM, CSR topics focused on firm performance. Consequently, the results stressed that TQM and CSR are excellent tools and have a similarity to support the firms to attain corporate sustainability; however, TQM practices have given more interest than CSR initiatives. Moreover, the results highlighted that only a few articles are interested in simultaneously combining TQM and CSR initiatives although this idea is rising in recent years. Thus, the statistical findings indicated several research gaps that remain unaddressed. It is worthy of considering TQM and CSR integration; however, other scholars need to identify the critical success factors that could enable TQM practices or barriers to CSR adoption. Particularly spending more attention on the transitional economies context, which is considering a promising future research context.

Risk Analysis on Offshore Windfarm Industry in South Korea: Based on the Jeonnam Offshore Windfarm Project

  • Kim, Tae Hyun;Kim, Yea-Sang;Chin, Sangyoon;Pallesen, Kristian
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.204-212
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    • 2022
  • Recently, the Korean government has been actively promoting the smart city as their strategic agenda. However, to build smart cities that are greener, the authors believe it is essential to rapidly transit conventional energy sources such as fossil fuels to renewable energy. Although there is a big potential for Offshore wind in Korea, there has not been a full-scale commercial offshore wind farm until today. Since Korea is relatively a new market compared to the EU, it can be risky for developers. The authors will introduce risk management best practices in the offshore wind industry applicable to the Korean environment. This paper will mainly introduce an offshore wind project size of 99 MW. The project is expecting a Finance Close (FC) in Q3 2022, so the project team has prepared a risk register with over 150 risks and levers throughout the project lifecycle. Overall risks include risks with Development Expenditure (DEVEX) impact, a Capital Expenditure (CAPEX) impact, and an Operating Expenditure (OPEX) impact. Based on the identified risks, a more qualitative assessment of Cost and Schedule Impact was conducted. In conclusion, a Monte Carlo simulation was performed to propose a quantitative risk assessment to evaluate a benchmark contingency of the project cost.

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Lifting Load Recording and Management Method of the Lift for Construction Based Sensing Information

  • Taekyu Ko;Joonghwan Shin;Kyuhyup Lee;Soonwook Kwon;Chung-Suk Cho;Suwan Chung;Goeun ,Choi
    • International Journal of High-Rise Buildings
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    • v.11 no.2
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    • pp.125-135
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    • 2022
  • While buildings in recent days become taller and larger, many problems occur during the management of construction. Particularly, as the vertical movement of manpower and materials during construction has become longer while the lifting frequency and load increase, the need for a good lifting management practice is also increasing. Therefore, this study presents a real-time lifting performance monitoring system that can store and manage lifting records for construction management. Through review of literature and preceding studies related to construction lift, the concept of lift planning and operation management was understood, leading to the development of a system to monitor lifting operation and performance information. This system enabled quick measurement of the lifting performance during construction phase while responding to changes in the project schedule. To verify this system, a case study was conducted in which the current status and characteristics of the sensing-based lifting performance were derived.

An Effective Management and Activation Plan of e-Commerce (전자상거래의 효율적 관리와 활성화 방안)

  • 김명호
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.7 no.6
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    • pp.1252-1268
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    • 2003
  • There is a big change in Electronic Commerce. With little or no profit projected for the foreseeable future with the dotcom companies, Internet venture capitalists are looking for new business models. They are now turning to B to B Electronic Commerce. It is expected that B to B Electronic Commerce will be more active than B to C in the very near future. In the future B to B Electronic Commerce will move to include collaborative Electronic Commerce which includes product development, engineering, material procurement, and management. Even though the solution to this multidimensioal and complicated process may take some time, a total solution to this will dramatically change the landscape of Electronic Commerce. Thus the various corporations must work together to find the total solution that will build this infrastructure.

Study on the Research Trends and Prospects about Construction Safety & Disaster (건설안전·재해의 연구동향 분석 및 향후 전망)

  • Kim, Kyong-Hoon;Jang, Ho-Myun
    • Journal of the Korea Safety Management & Science
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    • v.16 no.4
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    • pp.21-29
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    • 2014
  • In this study, we recognize that the interest about construction safety and disaster increases, and check the status of current research about construction safety. And we obtain the direction of future researches and implications for development. For this study, we analyzed the published researches in the last 11 years about construction safety, and addressed annual trends and research topics for a lot of construction safety research. And the future prospects of construction safety research were analyzed with the latest news articles.

A Determination and application of a future failure rate for LTAM strategies Development on Nuclear Turbines (원자력터빈의 LTAM 전략개발을 위한 미래고장률 결정 및 적용)

  • Shin, Hye-Young;Yun, Eun-Sub
    • Proceedings of the KSME Conference
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    • 2008.11b
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    • pp.2845-2849
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    • 2008
  • Long Term Asset Management(LTAM) means a plan developed by using LCM(Life Cycle Management) process for optimum life cycle management of significant plant assets at each plant across the fleet. As a part of development of LTAM Strategies on nuclear turbines, a method so as to determine the future failure rates for low pressure turbine facilities at a nuclear plant was studied and developed by using both plant specific and industry-wide performance data. INPO's EPIX data were analyzed and some failure rate evaluation values considering preventive maintenance practices were calculated by using EPRI's PM Basis software. As the result, failure rate functions applicable to a priori and a posteriori replacement of low pressure turbines at a nuclear plant were developed and utilized in an assessment of economics of LCM alternatives on the nuclear turbine facilities in the respects of 40-year and 60-year operation bases.

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