• Title/Summary/Keyword: Life Cycle

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Effect of Age Cohort on Life Cycle Financial Planning

  • FOLK, Jee Yoong
    • East Asian Journal of Business Economics (EAJBE)
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    • v.2 no.4
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    • pp.26-47
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    • 2014
  • The paper examined effect of age cohort on life cycle financial planning. A total of 990 questionnaires were distributed with a 55.2% return rate. Seven hypotheses were analysed using hierarchical and ordinary regression analysis. The results revealed that age cohort variables made significant contribution to life cycle financial planning as well as personal orientation towards retirement planning, particularly the younger age cohort. Age cohorts do affect personal orientation towards retirement planning with the confidence level making a significant impact. Current financial resources do have a strong positive impact on consumption for all age cohorts. On the other hand, no significant effect was found between age cohorts and current financial resources but older age cohorts were relatively more significant predictors. The implication was that not only should their individual perceptions of financial planning become an increasingly important part of people's long-term commitment throughout their life-cycle, it must also assume the role as a self-directed life-long learning process, in view of the ever-changing and complicated financial environment.

Characteristics of Remodeling in Apartment Housing according to the Building Life-cycle and Family Life-cycle (건물의 생애주기와 가족생활주기에 따른 공동주택의 개조특성)

  • 윤정숙;정유선
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2000.11b
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    • pp.123-129
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    • 2000
  • The purpose of this study was to provide the fundamental data for the effective housing remodeling plan. Through the questionnaire survey, the actual conditions of remodeling in apartment housing were investigated. And as the result of statistic analysis, the relationships between characteristics of remodeling and building life-cycle, and family life-stage, were found out. The major findings of this study are as follows; 1) Most of apartment residents have remodeled the family living space and private living space. In detail, they performed remodeling frequently the change of finishing materials, facilities and equipments, and the change of the location of curtain wall & storage fixtures. 2) It might be predicted that the building life-cycle was influential variable to predict apartment residents' remodeling. Therefore, in planning the support service for the remodeling, the building life-cycle should be taken into consideration.

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Study on Characteristics of Low Cycle Fatigue for High Alloy and Austenite Stainless Steel (고합금강과 오스테나이트 스테인레스 강의 저사이클 피로 특성 연구)

  • Kim, Y.C.;Back, S.H.
    • Journal of Power System Engineering
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    • v.14 no.6
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    • pp.29-34
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    • 2010
  • As the steam temperature of fossil power plant boiler is increasing, the use of 9Cr-1Mo high alloy material is prevalent and it is needed to investigate the characteristics of low cycle fatigue for high alloy and austenite stainless steel that has used up to recently. As a result of test, in 9Cr-1Mo high alloy steel, the relation of strain and fatigue life is non-linear and the crack mode of low cycle fatigue is brittle but in the austenite stainless steel, that of strain and fatigue life is linear and the crack mode of low cycle fatigue is ductile. Comparing the fatigue life between high alloy and austenite stainless steel, there is no consistent characteristics as to strains. But the fatigue life of 9Cr-1Mo steel is longer by 25% than that of STS304 stainless steel in the relatively low, 0.3% strain. In the other strain, the fatigue life of two materials is similar.

A Study on the household Savings Behavior According to Family Life Cycle (가정생활주기에 따른 가계의 저축행태 분석 -대구시 주부를 중심으로-)

  • Cho, hee keum
    • Journal of Families and Better Life
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    • v.2 no.1
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    • pp.57-66
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    • 1984
  • This study examines differences in the household saving show significant differences according to the specific stage of family life cycle. 337 housewives in Taegu were interviewed by questionnaire. Analysing method employed are frequency, percentage and Chisquare test. Findings are as follows; 1) The average ratios of household saving show significant differences according to the specific stage of family life cycle. 2) Purposed of household savings had significant differences at each stage of the family life cycle. 3) Selections of financial goods did not have significant differences according to the sage of family life cycle . 4) Selections of financial goods had significant difference according to the purposed of household savings.

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Life-Cycle Engineering : A state-of-the-art survey

  • Lee Ki-Sook;Seo Kwang-Kyu
    • Proceedings of the KAIS Fall Conference
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    • 2004.06a
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    • pp.335-338
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    • 2004
  • Life-Cycle Engineering(LCE) is a decision-making methodology that considers environmental and cost needs during the product life-cycle. Environmental conscious design and manufacturing has become more and more important and it has been enforced by governmental regulations and used as trade restriction. LCE involves integrating environmental consideration into new product development including design, material selection, manufacturing processes and distribution of the product to the consumers, plus the end-of-life management such as disassembly, material recovery, remanufacturing of the product after discarding it. In this paper, a state-of-the-art survey of LCE is presented.

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Life Cycle Cost Analysis of Primary Cooling System by Systematic Support Cost (각종지원금제도에 의한 냉열원시스템의 라이프 사이클 코스트 분석)

  • Kim, C.M.;Jung, S.S.;Choi, C.H.
    • Journal of the Korean Solar Energy Society
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    • v.22 no.4
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    • pp.97-106
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    • 2002
  • The purpose of this study is to analyze the life cycle cost of primary cooling system by systematic support cost. Life Cycle Cost(LCC) is the process of making an economic assessment of an item, area, system, or facility by considering all significant costs of ownership over an economic life, expressed in terms of equivalent costs. The essence of life cycle costing is the analysis of equivalent costs of various alternative proposals. In order to select economical primary cooling system in early heat source plan stages, the research investigates cost items and cost characteristics during project process phases such as planning/design, construction, maintenance /management, and demolition/sell phases. The study also analyze the life cycle cost by capacity leading to suggest the most economical primary cooling system by systematic support cost.

The Life Cycle Cost Estimation using the Maintenance Information of a Propulsion Control System in the High Speed Train(KTX-1) (고속철도차량(KTX-1) 추진제어장치의 유지보수정보를 이용한 수명주기비용 예측)

  • Kim, Jae-Moon;Yun, Cha-Jung;Kim, Yang-Su;Jang, Jin-Yeong;Lee, Jong-Seong
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.11
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    • pp.2176-2181
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    • 2011
  • This paper estimates the life cycle cost(LCC) of a propulsion control system using the maintenance information in the high speed train(KTX-1). Life cycle costing is one of the most effective approaches for the cost analysis of long-life systems such as the KTX-1. Until now, most life cycle cost of the system has been studied as a whole system viewpoint. But in case of railway industry, LCC studies are needed on the subsystem like a propulsion control system because subsystems are developed continuously localization. This paper proposes the life cycle cost model which fitted to estimate life cycle cost (LCC) using maintenance information manual. As a result, LCC on propulsion control system increased moderately expect for periodical time when major parts are replaced at the same time. Results will be reflected in the development of domestic products.

The Life Cycle Cost Estimation for Domestic Products Motor Block of KTX-1 Considering Periodic Maintenance (유지보수정보 주기를 고려한 KTX-1 모터블럭 개발품의 수명주기비용 예측)

  • Yun, Cha-Jung;Noh, Myoung-Gyu;Kim, Jae-Moon
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.62 no.2
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    • pp.288-292
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    • 2013
  • This paper presents the result of life-cycle cost (LCC) estimation for domestic products propulsion control system (motor block unit) of KTX-1 considering periodic maintenance. Life cycle costing is one of the most effective approaches for the cost analysis of long-life systems such as the KTX-1. Life cycle costing includes the cost of concept design, development, manufacture, operation, maintenance and disposal. To estimate LCC for domestic products motor block unit, it was analyzed physical breakdown structure (PBS) on motor unit in view of maintenance cost and unit cost etc. As a results, life cycle cost on motor block unit increased moderately expect for periodical time when major parts are replaced at the same time. hereafter this results will be reflected in the domestic products being developed.

Analysis of the Corporate Life Cycle using the Gompertz Model Focused on Korean Pharmaceutical Longevity Companies

  • Kyu-Jin, CHOI;Kang-Sun, LEE;Sung-Wook, KANG;Dae-Myeong, CHO
    • The Journal of Economics, Marketing and Management
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    • v.11 no.1
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    • pp.31-44
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    • 2023
  • Purpose: This study aims to figure out the characteristics of corporate life cycle and resource input in terms of the sustainability diagnosis of pharmaceutical companies in Korea. Research design, data, and methodology: Using the Gompertz model under the assumption that companies have finite resources, this study tries quantitative interpretation of life cycle and resource input pattern for longevity companies with 25 years of experience among 158 pharmaceutical companies listed on Korean stock market based on maturity of revenue. Results: The study found revenue maturity through Gompertz model was statistically correlated with enterprise value. According to the life cycle analysis, more than 95% of 59 pharmaceutical companies were in the growth and maturity phase and have an average life cycle of 88 years and an average remaining life of 52 years. Regarding maturity profile of resource input, maturity of employees was generally high more than 60% and this meant there was jobless growth in Korean pharmaceutical industry. Conclusion: This study demonstrated there is a high statistical correlation between the maturity of a company's resource input and its revenue and enterprise value. It is believed that these results could be utilized as a basis for high fidelity function that predict revenue and enterprise value based on resource input information.

An Empirical Study on the Travel Behavior and Destination Choice according to the Family Life Cycle (가족생활주기에 따른 관광지 선택행동의 실증분석)

  • Sim, Sang-Wha;Kim, Wol-Ho
    • Korean Business Review
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    • v.11
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    • pp.149-171
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    • 1998
  • The most important thing in the Tourist Market Segmentation is to find descriptive variables which can describe the changes of tourist demand properly. There are many descriptive variables. Among them, vital statistical variables were proved to be effective. The strongest variable but which was studied much less is the Family Life Cycle. This study will focus on the relation between Family Life Cycle and Travel Behavior of Destination Choice. In this study, I will verify the validity of Family Life Cycle as a descriptive variable of Tourist Market Segmentation, and try to find the meaningful variable at each steps. Therefore, The purpose of this study is to explain the relation between Family Life Cycle and Travel Behavior of Destination Choice, to verify the validity of Family Life Cycle as descriptive variable and to find the strategy to respond to the increase in quantity and diversity of quality of Tourist Market. The studies on the Family Life Cycle should be updated continuously according to the change of family structure and it should be understood as standard for Tourist Market Segmentation in the public and private sphere.

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