• Title/Summary/Keyword: Institutional control period

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Study on the Institutional Control Period Through the Post-drilling Scenario Of Near Surface Disposal Facility for Low and Intermediate-Level Radioactive Waste (중·저준위 방사성폐기물 천층처분시설에서 시추 후 거주시나리오 평가를 통한 폐쇄 후 제도적 관리기간 연구)

  • Hong, Sung-Wook;Park, Jin-Baek;Yoon, Jung-Hyun
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.12 no.1
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    • pp.59-68
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    • 2014
  • The public's access to the disposal facilities should be restricted during the institutional control period. Even after the institutional control period, disposal facilities should be designed to protect radiologically against inadvertent human intruders. This study is to assess the effective dose equivalent to the inadvertent intruder after the institutional control period thorough the GENII. The disposal unit was allocated with different kind of radioactive waste and the effects of the radiation dose to inadvertent intruder were evaluated in accordance with the institutional control period. As a result, even though there is no institutional control period, all were satisfied with the regulatory guide, except for the disposal unit with only spent filter. However, the disposal unit with only spent filter was satisfied with the regulatory guide after the institutional control period of 300 years. But the disposal unit with spent filter mixed with dry active waste could shorten the institutional control period. So the institutional control period can be reduced through the mixing the other waste with spent filter in disposal unit. Therefore, establishing an appropriate plan for the disposal unit with spent filter and other radioactive waste will be effective for radiological safety and reduction of the institutional control period, rather than increasing the institutional control period and spending costs for the maintenance and conservation for the disposal unit with only spent filter.

Determinants of Sukuk Market Development: Macroeconomic Stability and Institutional Approach

  • BASYARIAH, Nuhbatul;KUSUMA, Hadri;QIZAM, Ibnu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.201-211
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    • 2021
  • This study aims to analyze the determinants of macroeconomic and institutional stability on the development of the global sukuk market by controlling the effects of population. This study uses panel data namely GDP per-capita, exchange rate, and inflation as the proxies for macroeconomic stability sourced from the World Development Index, and six dimensions of Worldwide Governance Indicators (WGI) as institutional proxies sourced from WGI-World Bank. To make robust the relationship between macroeconomics and institutional on the global sukuk market, the population (POP) variable was included as a control variable. The development of sukuk uses a proxy for sukuk issuance in the International Islamic Financial Market, for the annual period from 2002-2017. The data was analyzed using the General Method of Moment, and the results show that by controlling the population effects that proved to be significant, GDP per-capita and the rule of law have a significant impact on the development of sukuk, especially when incorporating population effects as control variables, whereby further ascertaining the effect of each macroeconomic-stability variable and institutional stability on sukuk development, especially inflation, found not to affect sukuk development. These results also confirm the previous findings, whereby inflation remains controllable at a certain level for economic development.

Study on Institutional Control Period for Near Surface Disposal Facilities Considering Inadvertent Intruder Scenarios

  • Yoon, Jeong-Hyoun;Kim, Chang-Lak;Park, Heui-Joo;Park, Joo-Wan;Byoung moo Kang;Gyuseong Cho
    • Proceedings of the Korean Nuclear Society Conference
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    • 1998.05b
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    • pp.441-446
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    • 1998
  • As for safety assessment of a radioactive waste disposal facility, radiation dose to inadvertent intruders is evaluated according to scenarios related to intruder's postulated activities at the disposal site after the end of Institutional Control Period(ICP). Simple trench and Below Ground Vault(BGV) are considered for this study as alternative disposal systems, and different scenarios are applied to each disposal type. The results show that 300 years of ICP is needed for simple trench and 100 years for BGV. Even for BGV, concentration of long-lived radioactive nuclides should be limited considering degradation of BGV after 300 years.

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Safety Assessment on the Human Intrusion Scenarios of Near Surface Disposal Facility for Low and Very Low Level Radioactive Waste (저준위 및 극저준위 방사성폐기물 표층처분시설의 인간침입 시나리오 안전평가에 대한 고찰)

  • Hong, Sung-Wook;Park, Sangho;Park, Jin Beak
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.14 no.1
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    • pp.79-90
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    • 2016
  • The second-stage near surface disposal facility for low and very low level radioactive waste's permanent disposal is to be built. During the institutional control period, the inadvertent intrusion of the general public is limited. But after the institutional control period, the access to the general public is not restricted. Therefore human who has purpose of residence and resource exploration can intrude the disposal facility. In this case, radioactive effects to the intruder should be limited within regulatory dose limits. This study conducted the safety assessment of human intrusion on the second-stage surface disposal facility through drilling and post drilling scenario. Results of drilling and post drilling scenario were satisfied with regulatory dose limits. The result showed that post-drilling scenario was more significant than drilling scenario. According to the human intrusion time and behavior after the closure of the facility, dominant radionuclide contributing to the intruder was different. Sensitivity analyses on the parameters about the human behavior were also satisfied with regulatory dose limits. Especially, manual redistribution factor was the most sensitive parameter on exposure dose. A loading plan of spent filter waste and dry active waste was more effective than a loading plan of spent filter waste and other wastes for the radiological point of view. These results can be expected to provide both robustness and defense in depth for the development of safety case further.

A Study on Decisions of Building Design Control Committee in Jeju-Si (제주시 건축위원회의 심의성향에 관한 연구)

  • Park Chul-Min;Kim Jae-Chel
    • Journal of the Korean housing association
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    • v.15 no.6
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    • pp.77-88
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    • 2004
  • The Building Design Control Commission has various important roles as the final check point for the overall urban management. Although nobody can argue that the committee is useless, participants' assessments on the results of the introduction and operation of the Building Design Control Commission are diversified. The primary purpose of this thesis lies in the institutional examination of the contents related with Building Design Control Commission by using the literature inquiry. The second purpose is to provide a help for the improvement of discussion of the administrative structure and improvement of the urban aesthetic through the systematic analysis of Building Design Control System. The extent of space is selected according to the case of building planning deliberation of Jeju-Si as the axis of Free International City, the center of administration, education, and culture. The period of time of examination is from January, 2002 to December, 2002. The subject of study is apartment which is deeply related with our lives by analyzing 2,231 discussion cases.

Top-executives Compensation: The Role of Corporate Ownership Structure in Japan

  • Mazumder, Mohammed Mehadi Masud
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.3
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    • pp.35-43
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    • 2017
  • This paper explores the impact of corporate control, measured by ownership structure, on top-executives' compensation in Japan. According to agency theory, the pay-performance link is expected to be affected by the firm's ownership structure. Using a sample of 4,411 firm-year observations (401 firms for the 11-years period from 2001 to 2011) for Japanese non-financial firms publicly traded on the first section and second section of the Tokyo Stock Exchange (TSE), this study demonstrates that institutional ownership (both financial and corporate) is negatively related to the level of executives' compensation. Such finding is in line with efficient monitoring hypothesis which claims that the presence of institutional shareholders provides direct monitoring over managers, limits managerial self-dealing and curves the increase in top-executives pay. On the other hand, the results also show that managerial ownership is positively related to their compensation which supports managerial power theory hypothesis, i.e. management-controlled firms are more likely to extract more compensation from the business than other firms. Overall, this study confirms that corporate control has significant impact on cash compensation paid to Japanese top-executives after controlling the conventional pay-performance relationship.

The Effect of Corporate Social Responsibility Disclosure on Market Performance: Evidence from Jordan

  • ZRAQAT, Omar;ZUREIGAT, Qasim;AL-RAWASHDEH, Hani Ali;OKOUR, Samer Mohammed;HUSSIEN, Lina Fuad;AL-BAWAB, Atef Aqeel
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.453-463
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    • 2021
  • The current study aims to investigate the relationship between CSRD and firm performance, as an indicator for corporate socially responsible behavior, and corporate market performance of listed companies on the Amman stock exchange (ASE). The study adopts a quantitative methodology and utilizes pooled data sets that was collected following content analysis approach of the annual reports for the period 2014 to 2019. The study sample consists of 42 listed companies. The study ran a multiple regression model in order to capture the relationship between the independent variable CSRD and the dependent variable that is Firm performance which was measured using Tobin's Q. The study also utilized five control variables in order to control the hypothesized relationship between CSRD and Firm Performance. The results indicate a negative but significant relationship between CSRD and corporate market performance measured by Tobin's Q. The results stand against the notion of the business case for CSR, and indicate the opposite position, so, the higher CSRD, the lower will be Tobin's Q. Such results support the notion of the institutional theory, and provide an initial evidence for legitimacy seeking behavior in Jordanian companies. However, the results indicate a lower level of awareness of CSR across investors and market players, which support arguments of the difference in market perceptions towards CSR.

Analysing Productivity in Vietnamese Seafood Processing Firms: A Control Function Approach

  • NGUYEN, Van;TRAN, Thuan Duc;MAI, Thanh Khac
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.411-417
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    • 2021
  • This study aims to estimate the production function and total factor productivity (TFP) of Vietnamese seafood processing firms. At the same time, the study analyses the impact of internal factors of firms and the quality of economic institutions on the TFP of the Vietnamese seafood processing industry. The study uses the Function Control (FC) approach in TFP estimation and the Feasible Generalized Least Squares (FGLS) regression model in the analysis of factors affecting TFP. The study was carried out on the census data of enterprises of the Vietnamese seafood processing industry collected by the Vietnamese General Statistics Office and Provincial Competitiveness Index data of Vietnam Chamber of Commerce and Industry in the period from 2013 to 2018. Estimated results from the models show that: i) Vietnamese seafood processing firms are, currently, mainly labor-intensive, the TFP contribution and output is only about 2.258. ii) Factors such as the firm's age, firm's size, and the firm's ownership affect TFP. In which, firms that have few numbers of years of operation, small and medium firms, and private firms have low TFP. iii) Institutional quality and the provincial business environment have a positive impact on the TFP of Vietnamese seafood processing firms in this period.

Reliable and Advanced Predictors for Corporate Financial Choices in Pakistan

  • SHAHZAD, Umeair;FUKAI, Luo;MAHMOOD, Faisal;JING, Liu;AHMED, Zahoor
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.73-84
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    • 2020
  • Existing studies disagree over the core predictors of firm-level financial choices in developing countries. The general practice only validates the traditional capital structure model, which leads to inconsistency and a lack of novelty. This study removed overfitting issues among existing factors and presented the most reliable and advanced capital structure model in Pakistani firms. The panel data include 368 Pakistani companies from 19 non-financial sectors over the period 2004 to 2017. We apply Akaike and Bayesian Information Criteria to remove overfitting issues among inconsistent proxies in the capital structure model. The fixed effects regression is used for basic results and the Generalized Method of Moments is applied to control the endogeneity. Besides the conventional proxies, we report that credit rating, distance from bankruptcy, managerial concentration, and institutional quality are the most advanced capital structure determinants in Pakistan. These predictors remain significant across firm size and growth levels. Also, the findings confirm that new predictors are reliable to define capital structure dynamics and improve the speed of adjustment in overall and sub-sample analysis. The major findings suggest that managers and policymakers should consider these advanced predictors to design their financial settings in firms.

Treatment Planning Guideline of EBT Film-based Delivery Quality Assurance Using Statistical Process Control in Helical Tomotherapy (토모테라피에서 통계적공정관리를 이용한 EBT 필름 기반의 선량품질보증의 치료계획 가이드라인)

  • Chang, Kyung Hwan
    • Journal of radiological science and technology
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    • v.45 no.5
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    • pp.439-448
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    • 2022
  • The purpose of this study was to analyze the results from statistical process control (SPC) to recommend upper and lower control limits for planning parameters based on delivery quality assurance (DQA) results and establish our institutional guidelines regarding planning parameters for helical tomotherapy (HT). A total of 53 brain, 41 head and neck (H & N), and 51 pelvis cases who had passing or failing DQA measurements were selected. The absolute point dose difference (DD) and the global gamma passing rate (GPR) for all patients were analyzed. Control charts were used to evaluate upper and lower control limits (UCL and LCL) for all assessed treatment planning parameters. Treatment planning parameters were analyzed to provide its range for DQA pass cases. We confirmed that the probability of DQA failure was higher when the proportion of leaf open time (LOT) below 100 ms was greater than 30%. LOT and gantry period (GP) were significant predictor for DQA failure using the SPC method. We investigated the availability of the SPC statistic method to establish the local planning guideline based on DQA results for HT system. The guideline of each planning parameter in HT may assist in the prediction of DQA failure using the SPC statistic method in the future.