• Title/Summary/Keyword: Investment Principle

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Air Surveillance Using Mode-S Multilateration (모드-S 다변측정법을 이용한 항공감시기술 분석 및 전망)

  • Kim, Chang-Hwan;Han, Jae-Hyun;Kang, Ja-Young
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.18 no.3
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    • pp.9-20
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    • 2010
  • Surveillance is an enabler of safety with respect to aircraft separation and as a consequence capacity and efficiency with respect to aircraft operations. The new emerging technology among modern civil aviation surveillance is Multilateration (MLAT) which would affect on the surveillance capacity with both side of surveillance signal and operational properties. Multilateration system is needed to receive the signal which must reach at least 3 ground receivers simultaneously and has the effect that will have on with the ultimate accuracy. In this paper, the principle and the system configuration are reviewed. And its benefit of development is considered with use in situations where it is difficult to locate tranditional radar. This MLAT requires no additional avionics equipment to supply service with more accurate and less expensive. And it is able to enhance performance that meets international standards and extend the investment of air navigation service providers with reducing environmental impact by utilizing a small footprint on existing structures. Finally, it can be added to meet a wide range of coverage requirements and future surveillance needs.

Risk-Based Inspection(RBI) Technology for Safety Management of the Pressurized Facilities (압력설비의 안전관리를 위한 위험기반검사(RBI) 기술)

  • Lee, Hern-Chang;Han, Seong-Hwan;Cho, Ji-Hoon;Kim, Tae-Ok
    • Journal of the Korean Institute of Gas
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    • v.15 no.4
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    • pp.1-6
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    • 2011
  • Risk-based inspection (RBI) is a inspection technique suggesting inspection plan, such as inspection interval and inspection method, of the pressurized facilities based on its risk in the petrochemical, refinery and gas industries. Therefore, we can intensively and cost-effectively maintain, repair and manage the high-risk facilities through RBI technology. This paper reviews RBI technology, such as principle and implemental procedure of RBI, management of risks and facilities and return of investment through RBI, RBI technology at present and its application in domestic industries. In addition, some improvement directions of RBI are also proposed.

Field Visit Study of Newly Constructed Supportive Housing 'The Brook' in Decayed Area of New York, USA (쇠퇴지역 내 신축형 서포티브주택의 특성 연구 - 미국 뉴욕시 '더 브룩' 사례를 중심으로 -)

  • Lee, Yeunsook;Park, Jaehyun;Qi, Ting
    • KIEAE Journal
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    • v.16 no.2
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    • pp.43-52
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    • 2016
  • In the 21st century, Korea had radical economic development with accelerating urban sprawl, and following declination with social polarization. City declination makes socially vulnerable people unstable and increase homelessness. The projects revitalizing decayed area utilize local idle spaces to build new facility with creative supportive programs. The purpose of this study is to analyze inclusive characteristics of a supportive housing 'The Brook'. A field visit walk through observation and in-depth interview were utilized as research methods. The information of a representative supportive housing field will promote understanding the concept, and create base for further research. As results, state and knowhow of information concerning housing first policy, active government investment, space planning, management, social integration, service providing, architecture and so on offered to facilitate inclusive insights. In conclusion, the characteristics of supportive housing were realistically analyzed through a field research. This research is significant to introduce initially the effective supportive housing which has been practiced for 30 years in USA to that needs alternatives for the socially vulnerable in Korea.

Risk Allocation of Private Port Development with Hierarchical Fuzzy Process

  • Seong, Yu-Chang;Youn, Myung-Ou
    • Journal of Navigation and Port Research
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    • v.31 no.4
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    • pp.317-323
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    • 2007
  • As economic trade between Korea and China has been encouraged with the rapid growth of Chinese economy and port competition in Northeast Asia, Korean government is trying to promote development and consolidation of ports to cope with the lack of facilities. Thus, many projects for port development have been propelled including the enactment the 'Private investment promotion law for social overhead capital 1994.' However, there are still some unsettled issues since considerable part of risk is still allocated to the Government when it has to support the private businesses in these port investments whenever unexpected problems arise. Allocation of risk among the participants - in this case especially - is a very subtle issue, however, it was revealed that not many precedent researches were done on the subject. In my previous research, I classified and analyzed 4 principle risks i.e, construction, management, financial and social risk. This research investigates the reasonable allocation of the risks among the participants using the Hierarchial Fuzzy Process. In the result of analysis, responsibility of private party is the most important and it must put the responsibility before Government' roll concerned. Also, this research displayed and proposed the direction of management method on port development in a view of minimizing risk and maximizing initiative of a private party.

Study on Effective Management of Heterogeneous Networks (이기종 네트워크의 효율적 관리에 연구)

  • Cho, Sok-Pol
    • The Journal of Information Technology
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    • v.8 no.3
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    • pp.131-142
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    • 2005
  • The principles on which the Internet was designed and has evolved were first laid out in an explicit way 20 years age. The basic principle is that in layered communications network such as the Internet, functions should always be implemented at the end systems whenever the option exists. This applies to all functions that can be implemented either in the network or at the end systems. End-to-end arguments have recently been reexamined as the Internet and its uses have evolved, and a new set of requirements has begun to emerge. In addition to these, it add a new, and perhaps more important, requirement to this list in the case of heterogeneous networks: the proliferation of unpredictable wireless networks. Wireless networks must cope with dynamic link conditions not present in wired infrastructures, which place a heavy burden on quality of service management solutions. Managing QoS in the face of constantly changing operating conditions demands dynamic management approaches that span multiple layers in the protocol stack. Such as cross-layer design approaches have recently received attention in the context of cellular and mobile special networks. This article introduce the notion of network predictability and describe its relationship to achievable QoS. This relationship is used to propose a framework for cross layer design that can be used to guide development efforts and direct investment decisions for future networks.

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Portfolio Optimization of Diversified Investments with Minimum Risk Asset and Non-Positive Correlation Assets (최소위험 종목과 비양의 상관관계를 갖는 종목들 분산투자 포트폴리오 최적화)

  • Lee, Sang-Un
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.22 no.1
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    • pp.103-110
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    • 2022
  • This paper deals with portfolio optimization problem that you could lower the total risk of an investment portfolio by adding risky assets to the mix than the minimum risk of single asset. Popular Markowitz's mean-variance(MV) model construct the portfolio with the point in the efficient frontier using principle of domination where the variance is minimized for a given mean return. While this paper suggest the portfolio with minimum risk asset with non-positive(negative and uncorrelated) correlation assets to it. As a result of experiments, the proposed method shows lower risk(standard deviation) than MV.

Concentration of 2-Ethyl Hexanol Using an Energy-Efficient Distillation Column (에너지 절약형 증류탑을 이용한 2-에틸헥산올의 농축)

  • Kim, Dae-Hwan;Park, Jung-Woo;Kim, Young-Han
    • Clean Technology
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    • v.16 no.1
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    • pp.59-63
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    • 2010
  • The concentration process of 2-ethyl hexanol used for the intermediate material in the production of plasticizer is examined for the energy conservation of energy-efficient distillation system instead of the conventional two column system through numerical simulation. Some 41 % of energy conservation is expected from the proposed system, and its conservation principle is explained with column profiles. In addition, not only the operating cost but also investment cost can be reduced for the additional benefit of the column application when the thermally coupled distillation is implemented.

The Welfare Investment of the National Pension Funds: Its Necessity and Policy Development (국민연금기금의 복지사업 당위성과 정책방향 연구)

  • Kim, Jin-Soo
    • Korean Journal of Social Welfare
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    • v.58 no.3
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    • pp.295-312
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    • 2006
  • The use of the national pension funds to welfare has been criticized due to its low profitability, with concern about financial instability and the lack of funds. Despite the small amount of the funds employed to the welfare, therefore, it has been decreasing so far. It is resulted from the fact that the use of funds to the welfare sector failed to provide its valid reasons, and take the policy direction firmly. There are three main logical reasons for the welfare investment of national pension funds: Firstly, no state is capable to take the full responsibility for the entire social welfare, and therefore, the funds can be used for social welfare. Secondly, the funded system, contrasted with the case of pay-as-you-go system, has inevitably caused discriminations to the present elderly through excluding them institutionally from pension participation. At last, so as to its selective system, the minimum contribution period of 10 years brings about the equity problem between the people who can afford it and the people who hardly can. Therefore, investing a proportion of funds to the welfare is entirely reasonable in that it can alleviate the discriminations to the present elderly generation and the marginal participants, rather than to meet their social welfare needs. With regard to the policy decision, the profitability of the investment, and the choice of the welfare work, on the other hand, the policy direction should be given a sufficient consideration of a various policy factors such as the necessity of social consensus, independence of the welfare work in relations with other national welfare work, policy identity to judge whether the work is worth long-run or short-run, and the reliance of direct-operated work and indirect-operated work. As a result of all these efforts above mentioned, an investment to the welfare of the national pension funds could be vitalized, and gain public confidence.

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Basic Direction for the South and North Korea's Aybitration Rules (남북중재규정 제정의 기본방향)

  • Kim Yeon-Ho
    • Journal of Arbitration Studies
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    • v.15 no.1
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    • pp.3-26
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    • 2005
  • Since the Agreement on Commercial Arbitration was signed by the Governments of South and North Korea last year, there has been quite a few discussions on the way for implementing the Agreement in both public and private sectors. The Department of Justice of South Korea was quite active in making the draft of arbitration rules representing the South Korean views in alliance with the Department of Reunification of South Korea and recently held an informal seminar to preview their draft. On the other hand, the Korea Arbitration Association, a main body of commercial arbitration which are composed of professors and lawyers, were carefully watching the steps and the draft made by the Department of Justice. The reasons are to assure that not only shall the commercial arbitration rules comply with comment norms of international arbitration but shall it be made to meet the needs of enterprises investing in the Special Economic District of Kaesung City in North Korea. The concerns of the Korea Arbitration Association can be accomplished if the Department of Justice would modify the provisions pointed out in the seminars. Five general principles shall be brought into the attention in promulgating the commercial arbitration rules. First, it should comply with the Agreement on Commercial Arbitration signed by South and North Korea. Second, it should accept common rules contained in UNCITRAL arbitration rules. Third, it should boost the promptness of proceedings when a case was filed. Fourth, it should feature unique aspects of trade between South Korea and Korea by differentiating it from purely international trade between a country and a country. Lastly, it should combine the respective rules of both South and North Korea, currently in effect. With the above five principles accomplished, it should be noted that the Agreement on Commercial Arbitration the upper authority of arbitration rules, mandates the following features. It declared that arbitration be processed by three arbitrators. Single arbitrator is not permitted. Arbitration can be adopted even if an arbitration clause does not exist in an agreement by the parties, provided that the dispute arose out of the scope of the Agreement on investment Guarantee signed by South Korea and North Korea. It excluded quick and simplified procedures even if the amount of claim in arbitration is minimal. All the procedures should take a formal procedure. It let the double administration offices operate. One is to sit in Seoul of South Korea and the other is to sit in Pyongyang of North Korea. This would intimidate the fastness of procedures. With the above principles and the features considered, each provision in the draft by the Department of Justice should be reviewed and suggested for change.

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Standardization of the Lease Fee Assessment System of Busan Port Container Terminals (부산항 컨테이너부두 임대료 산정체계 표준화 방안)

  • Kil, Kwang-Soo
    • Journal of Korea Port Economic Association
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    • v.27 no.3
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    • pp.65-90
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    • 2011
  • Private stevedoring companies are leasing and operating the container terminals of the Busan Port. The total amount of lease fees private stevedoring companies paid in 2010 reached 161 billion wons, an approximately 66 percent of the total revenue of the Busan Port Authority(BPA). In other words, lease fees are the most important revenue source for BPA. However, the lease fee assessment system of Busan container terminals goes against the principle of equity due to different assessment methods and criteria adopted by each container terminal. Therefore, the purpose of the study is to analyze the systematic problems of the lease fee assessment system that is used at Busan container terminals, and propose a new standardized scheme with a case study on the new system. In order to standardize the assessment system, the assessment methods need to be simplified by using the Discounted Cash Flow(DCF) method. In addition, the assessment criteria such as assessment duration, discount rates, price indexes, estimated container throughputs, sales unit price per TEU, operation costs, including labor costs, need to be standardized as well. The new standardized assessment system can be applied to estimate lease fees for new terminals. However, for existing terminals to run the new system, factors such as assessment duration, discount rates, price indexes, estimated container throughputs, investment and re-investment costs, and maintenance & repair costs of the new system should be changed slightly.