• Journal of Korean Institute of Industrial Engineers
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• v.21 no.3
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• pp.299-311
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• 1995

Conventional discounted cash flow techniques fail to capture the risk associated with investments. This paper proposes an annual cash flow model that considers risk, cost structure and inventory liquidation in the evaluation of investment alternatives. The risk differential of investments is included using the capital asset pricing model while the stochastic version of the cost-volume-profit approach is used to consider inventory liquidation and cost structure. Tradeoffs between fixed and variable costs have been investigated, and portrayed using iso-cash flow curves. The proposed cash flow model has been developed, in particular, to enable an accurate evaluation of advanced manufacturing systems.

• Journal of Korean Society for Geospatial Information Science
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• v.24 no.2
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• pp.95-106
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• 2016

Landslide is one of the natural hazards, triggered by rainfall or earthquake and it leads to damage and loss of properties and lives especially in hilly and mountainous regions. Inventory maps of the area is of much importance in order to understand the landslide phenomena in detail, conduct further studies on landslide, prepare susceptibility map and minimize risk. Inventory maps of landslides can be constructed by several methods, using multiple images through visual interpretation, using algorithms in multi-spectral or SAR images or verification from field investigation. The possible methods were explored for Sindhupalchowk district of Nepal, which was struck by massive earthquake on 2015 and landslide inventory was prepared. The inventory was analyzed for its frequency over elevation, slope aspect and dominant soil classes and also the information value for their occurrence probability.

• Journal of the Korea Safety Management & Science
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• v.20 no.3
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• pp.37-46
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• 2018

According to enhancement of roles and functions of enterprises' distribution centers, recent trend of distribution centers are specialization and diversification which have generated lots of new distribution center building or expansion of the existing ones and led attention on stock transfer importance in case of distribution center relocation. This thesis is a study for how to reduce stock transfer leadtime in order to minimize business risk and how to increase inventory accuracy when stock ownership is transferred in case of distribution center relocation, and to provide inventory accuracy management methods and inventory in/out management types, detailed definition to evaluate level for inventory accuracy management and pros/cons by inventory in/out management type assuming 'the higher inventory accuracy before stock transfer, the shorter stock transfer leadtime when distribution center is relocated'. This thesis provides detailed procedure to secure an absolute stock transfer leadtime and process to confirm hugh inventory accuracy by stakeholders which should be sloved by Task Force Team for stock transfer in case of distribution center relocation.

• Journal of Digital Contents Society
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• v.18 no.6
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• pp.1127-1134
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• 2017

The main goal of this study is to develop the system of multi-hazard risk assessment tools based on major inventories and functions. As a first step, designing and building a Korean inventory of the loss assessment was performed due to earthquake disasters. We focused on the special features, taking account of the possibly conflicting features of the various conditions such as different type of formats, environmental differences, and collected data relevant to the use of proposed risk assessment system in terms of constructing the Korean inventory including buildings and population.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.1
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• pp.121-132
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• 2022

The uncertainty regarding inventory may impart dynamic impacts on corporate-level financial decisions. Among others, a decision about capital investment is a crucial decision that requires overall financial stability. Following these theoretical notions, the current study aims to identify possible consequences of inventory volatility relating to corporate capital investment decisions. We employed ten years of data (2010-2019) of non-financial sector firms to achieve the objective. The Driscoll-Kraay model was used to quantify the regression. The statistical results imply that inventory volatility negatively influences capital investment decisions due to information asymmetry about the current financial position. Additionally, more volatility brings discrepancies in managers' investing decisions to fulfill the possible demand options of capital investment that require processing the inventory. However, based upon the statistical findings, it is suggested to corporate managers that they should consider the financial sensitivity of enterprises regarding inventory volatility. Thus, the current study introduces new thoughts regarding inventory volatility and its empirical role in determining capital investment.

• Journal of the Korean Association of Geographic Information Studies
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• v.17 no.1
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• pp.144-158
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• 2014

This research presented a conceptual design of damage assessment inventory for efficient response to natural disaster damage of infrastructure close to the river. It consists of classification and categorization of facilities for accomplishing the conceptual design of inventory for damage of infrastructure close to the river. However, there are arising problems of efficient management on disaster, such as poor management of data facilities and constructions which is managed by the different types of government departments. Therefore, this research presented conceptual models of damage assessment inventory on risks of damage infrastructure close to the river using the United states' HAZUS-MH to analyze damage facilities, type of asset classification, classification of domestic facilities and guidelines for computing the value of assets. Conceptual models of inventory this research presented is to be used on the data for damage response on protected inland damage assessment and to increase efficiency for evaluating detailed damage amount of private property by natural disaster and to establish a restoration plan.

• Industrial Engineering and Management Systems
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• v.12 no.3
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• pp.172-180
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• 2013

We herein consider a stochastic multi-item inventory management problem in which a warehouse sells multiple items with stochastic demand and periodic replenishment from a supplier. Inventory management requires the timing and amounts of orders to be determined. For inventory replenishment, trucks of finite capacity are available. Most inventory management models consider either a single item or assume that multiple items are ordered independently, and whether there is sufficient space in trucks. The order cost is commonly calculated based on the number of carriers and the usage fees of carriers. In this situation, we can reduce future shipments by supplementing items to an order, even if the item is not scheduled to be ordered. On the other hand, we can reduce the average number of items in storage by reducing the order volume and at the risk of running out of stock. The primary variables of interest in the present research are the average number of items in storage, the stock-out volume, and the number of carriers used. We formulate this problem as a multi-objective optimization problem. In a numerical experiment based on actual shipment data, we consider the item shipping characteristics and simulate the warehouse replenishing items coordinately. The results of the simulation indicate that applying a conventional ordering policy individually will not provide effective inventory management.

• PNF and Movement
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• v.8 no.1
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• pp.51-58
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• 2010

Presbycusis or related-age hearing loss is approximately 30 percent for people aged over 65 years. The purpose of this study was to compare the relationship between the Hearing Handicap Inventory for the Elderly and the Berg Balance Scale for predicting and screening risk of falls in people over 65 years with diagnosed presbycusis. Thirty-five subjects all lived at the nursing home in Wonju. Disability caused presbycusis was measured using the Hearing Handicap Inventory for the Elderly, and static and dynamic balance was measured using Berg Balance Scale. Data were analyzed using Spearman correlation. Statistically significant differences were noted between two clinical meausres (r=.862, p<0.001). In conclusion, the results suggest that presbycusis may be able to predict dangerous falls in older persons.

• Proceedings of the Korea Society for Simulation Conference
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• 2002.11a
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• pp.101-105
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• 2002

In a traditional hierarchical inventory system, direct orders are the only information for inventory management that is exchanged between the firms involved. But due to the rapid development of modern information technology, it becomes possible for the firms to share more information in real time, e.g. demand and inventory status data. And so the term Supply Chain has emerged because it is seen as an important source of competitive advantage. Now it is possible to challenge traditional approaches to inventory management. In the past, one of the de-facto assumptions for inventory management was that the demand pattern follows a specific distribution function. However, it is undesirable to apply this assumption in real situations because the demand information in the supply chain tends to be distorted due to the bullwhip effect in a supply chain. To overcome this weakness, we propose a new solution method using NN (Neural Network). Our method proceeds in three steps. First, we find the patterns of optimal reorder points by analyzing past data. Second. train the NN using these pattern data and finally decide the reorder point. Using simulation experiment, we show that the proposed solution method gives better result than that of traditional research.

• Journal of Soil and Groundwater Environment
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• v.16 no.6
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• pp.106-112
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• 2011

This study developed preliminary assessment methodology for priority listing of soil and groundwater contamination sources, considering source characteristics, local environments and risk receptors. Source characteristics were evaluated by scoring relative risk of contamination sources. Local environments were evaluated by scoring annual rainfall, hydraulic conductivity of aquifer, and annual groundwater use. Risk receptors were evaluated by scoring local population, direct distance to surface water, direct distance to drinking-water wells. Scores of each parameter were allocated by analysing distribution of parameter values obtained from government databases. Distributed scores of source characteristics local environments: risk receptors were 12 : 12 : 12. The preliminary assessment scored 0 to 36 for each soil and groundwater sources. Inventory of soil and groundwater sources consisted of 7 categories. This study applied the preliminary assessment methodology to Manan-Gu, Anyang City, Korea. The number of car repair and washing facility was the largest in the contamination source inventory. Petroleum storage facilities showed the highest assessment score. The preliminary assessment methodology also indicated that Anyang-Dong was the priority section among Anyang-Dong, Suksu-Dong, Bakdal-Dong. This study is the first trial for relative ranking soil and groundwater contamination sources by considering source and local characteristics. Therefore, further researches and revision of the preliminary assessment methodology need to be pursued for various applications.