• Title/Summary/Keyword: Life-Cycle Theory

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A Study on the Numerical Approach for Industrial Life Cycle: Empirical Evidence from Korea

  • LEE, Kangsun;CHOI, Kyujin;CHO, Daemyeong
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.667-678
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    • 2021
  • The industrial life cycle theory was extended to the product life cycle theory and the corporate life cycle theory, but a conceptual life cycle was presented, and quantitative empirical evidence for this was insufficient. It is intended to improve appropriate resource planning and resource allocation by quantitatively predicting the industrial cycle and its position (age) in the cycle. Human resources, tangible assets, and industrial output analysis were conducted based on 28 years of actual data of 39 industries in Korea by applying the Gompertz model, which is a population ecology prediction model. By predicting with the Gompertz model, the coefficient of determination R2 value was 97% or more, confirming the high suitability with the actual cumulative sales value of the industry. A numerical model for calculating the life cycle of each industry, calculating the saturation of input resources for each industry, and diagnosing the financial stability of the industry was presented. These results will contribute to the decision-making of industrial policy officers for budget planning appropriately for each stage of industry development. Future research will apply the numerical model of this study to foreign national industries, complete an inter-industry convergence diagnostic model (e.g. ease of convergence, suitability of convergence, etc.) for renewal of fading industries.

A Study of Appraisal in Record Continuum Theory: Derivation of Key Elements through the Comparison with Appraisal in Life Cycle Model (레코드 컨티뉴엄의 기록 평가 논리 분석 - 라이프사이클과의 비교를 통한 핵심 요소 도출 -)

  • Kim, Myoung-hun
    • Journal of Korean Library and Information Science Society
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    • v.53 no.3
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    • pp.25-46
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    • 2022
  • In this study, the appraisal in record continuum theory is analyzed in conjunction with the appraisal in life cycle model. In order to understand the more fundamental implications of appraisal in electronic record environment, it is essential to analyze the appraisal inherent in record continuum theory. Record continuum theory can provide a theoretical basis for appraisal in electronic record environment in that it is a theoretical system in opposition of the appraisal based on life cycle model and dualistic records management system resulting from it. In particular, considering that the appraisal is a purposive act of seeking the meaning of records, the reinterpretation of the concept and meaning of records intended in record continuum theory enables us to derive the different appraisal logics than before. Therefore In this study, based on comparison with the appraisal based on life cycle model and the new record concept presented in record continuum, the appraisal in record continuum theory is analyzed focusing on three aspects.

A Study on the Revitalization Pattern of Industry in Decline: Focusing on Korean Shoe Industry

  • LEE, Kang-Sun;CHOI, Kyu-Jin;KANG, Sung-Wook;CHO, Dae-Myeong
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.4
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    • pp.75-90
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    • 2022
  • Purpose - This study aims to study the activation pattern of declining industries by applying the Gompertz growth model using available resources based on the theory of industrial life cycle, classifying declining industries among Korean manufacturing industries, and identifying resource input characteristics. Research design and methodology - This study was conducted by combining the Gompertz growth model that predicts the limit of output based on available resources under the industrial life cycle theory. Using Gompertz model, this study analyzed the life cycle of 39 Korean manufacturing industries from the perspective of domestic production, number of employees, and fixed assets Results - According to a life cycle analysis of 39 manufacturing industries in Korea, the computer, textile, and shoe industries were classified as declining industries. Among them, research on resource input characteristics on the shoe industry showed that domestic production and the number of employees decreased, while the proportion of domestic R&D personnel and the number of research departments gradually increased. Conclusion - Among the declining industries in Korea, the shoe industry is considered to revitalize the industry, that is, to extend the life of the declining industry by offshoring its production site and improving constitution with a "R&D center for global" support.

Quantifying Values from BIM-projects life cycle with cloud-based computing

  • Choi, Michelle Mang Syn;Kim, Inhan
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.271-275
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    • 2015
  • A variety of evaluation application and initiatives on the adoption of Building Information Modelling (BIM) have been introduced in recent years. Most of which however, focused mainly on evaluating design to construction phase-processes, or BIM utilization performances. Through studying existing publications, it is found that continuous utilization of BIM data throughout the building's life cycle is comparatively less explored or documented. Therefore, this study looks at improving this incomplete life cycle condition with the concept that accumulated BIM data should be carried forward and statistically quantified for cross comparison, in order to facilitate practitioners to better improve the projects the future. Based on this conceptual theory of moving towards a closedloop BIM building life cycle, this study explores, through existing literature, the use of cloud based computing as the means to quantify and adaptively utilize BIM data. Categorization of BIM data relations in adaptive utilization of BIM data is then suggested as a initial step for enhancing cross comparison of BIM data in a cloud environment.

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The Pattern of Clothing Export in Leading Countries (세계 주요 의류수출국의 의류수출 패턴)

  • Ji, Hye-Kyung;Rhee, Eun-Young
    • Journal of the Korean Society of Costume
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    • v.56 no.3 s.102
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    • pp.81-90
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    • 2006
  • The objective of the study is to review trends of clothing export in important countries of the world and thus to know the present stage of clothing export in Korea. For the purpose, changes of export amount, competitiveness and product life cycle were analysed in the countries from the 1960's to the 1990's. The results are as following: First, on the aspect of export amount, industrialized countries lost the lead to newly industrializing countries from the 1960's. Developing countries, as China, win the lead. Second, on the competitiveness aspect, industrialized countries lost competitiveness to newly industrializing countries before the 1960's. And newly industrializing countries were outpaced by China in the export competitiveness from the early 1990's. Third, on the aspect of product life cycle, industrialized countries go first through each period of product life cycle, introduction, growth, maturity and decline, and they all, excluding Japan, sustained period of Maturity for a long time. newly industrializing countries and developing countries go orderly through each period of product life cycle after industrialized countries. As to Korea, duration of each period was short. Specially characteristics of decline period appeared partly in the early 1990's. From the results, the theory of product life cycle, helping to explain changes in production and trade in new product lines, estimated to applicable to clothing export. The phenomena, Italy, Hong Kong and America sustain high competitiveness in the world clothing market for a long time, is needed to be studied carefully. The study about strong points in their clothing industries and competitiveness drive program be to influence Korean export policy in the future.

Financial Practices and Finanical Satisfaction Among Rural Housewives By Family Life cycle -Focusing on Cash Management Pratices Providing Practives for Children's Educational Expenditure an Preparing Parctices for Elderly Life- (가정생활주기에 따른 농가주부의 재무관리행동과 재정만족도 -화폐관리행동, 자녀교육비 대비행동 및 노후준비행동을 중심으로-)

  • 최현자
    • Journal of Families and Better Life
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    • v.14 no.3
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    • pp.167-180
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    • 1996
  • The purpose of this study was to examine the differences in the rural housewives' resourcs and demands financial practices and financial satisfaction according to family life cycle and to analyze the causal relationships among the components. For the latter purpose the conceptual framework based on the system theory was suggested. The results showed that first most variables were significantly different according to the family life cycle. Second except the establishing stage the conceptual framework was supported in all stages. Variables which affected financial practices and financial satisfaction varied with the family life cycle.

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An Analytical Study of ICT Adoption based on Diffusion Innovation Theory (혁신확산이론을 바탕으로 한 정보통신기술의 수용요인에 관한 분석적 실증연구)

  • Lee Sang-Gun;Kang Min-Cheol;Kim Bo-Youn
    • The Journal of Information Systems
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    • v.14 no.2
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    • pp.257-276
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    • 2005
  • This study adopts diffusion of innovation theory and analyses product life cycle on two different information communication technology (ICT) products. One is telematics located on introduction and the other one is MP3 located on maturity. The analytical results were mixed. ordinary least square (OLS) result showed that adoption of MP3 player is affected by white noise error ($\varepsilon$) and telematics is influenced by innovation effect (p coefficient) rather than imitation effect (q coefficient) or white noise error. However, nonlinear least square (NLS) result showed that adoption of MP3 player is affected by imitation effect (q coefficient) rather than innovation effect (p coefficient). In addition, the ratio of imitation effect/innovation effect of MP3 player is larger than that of telematics.

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Core Concepts of Home Economics: Management and Planning of Life-cycle (가정과교육과정에서의 핵심개념: 관리 및 생애설계)

  • Nam, Su-Jung
    • Journal of Korean Home Economics Education Association
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    • v.28 no.2
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    • pp.51-59
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    • 2016
  • In this study, we identified the theoretical basis of management and planning of life-cycle, the core concept of resource "Administration and Independence," of Home Economics curriculum according to "Notification of Education Ministry #2015-74." First in relation to "management", we identified the systematic theory, the theoretical basis of traditional home management, and diagnosed how this systematic theory is reflected on 2015' curriculum. As a result, the contents of actual curriculum's middle school contents does not include integrally the life related problems that middle students are facing in real life, and it is hard to be convinced what priority the element of selected contents have of several problems. Next, in case of planning of life-cycle that accentuates the importance of life plan corresponding to career orientation it mentions the contents including very comprehensive area such as value, profession, health as well as developmental task, but the fact leaves to be desired that 2015 curriculum is overlooking the importance of financial planning, the international trend.

The Effect of Entrepreneurship of SMEs on Corporate Capabilities, Dynamic Capability and Technical Performances in South Korea

  • Yi, Ho-Taek;Han, Chang-Nam;Cha, Yong-Bong
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.4
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    • pp.135-147
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    • 2018
  • There has been a recent increase in the interest towards founding companies and in line with the South Korean Government's policy on start-up support, discussions are rife about the effect of entrepreneurship on the management and performances of these companies. To enhance the competitiveness of SMEs, it is expedient to acquire and deploy consistent entrepreneurship, differentiate corporate resources, ensure the appropriate utilization of resources and the integration of such factors in response to the changing environment. This research examines relationships among entrepreneurship, three components of corporate capabilities, dynamic capability and technical performance based on resource-based view and the dynamic capability theory. The authors also investigate the moderating role of corporate life cycle. To test the hypothesis, we conducted a survey on 352 technologies -innovative SMEs located in South Korea via professional research institutes. The findings confirm the hypothesis that SMEs' entrepreneurship has a positive effect on three kinds of corporate capabilities (e.g., marketing, R&D, operations capability), and it had a positive effect on dynamic capability, whiles dynamic capability also had an influence on technical performances. The findings also confirmed the hypothesis that corporate life cycle moderates the relationship between dynamic capability and technical performances respectively. The research implications for both practitioners and academicians are discussed.

Applications of Experiential Learning Theory to Graduate Medical Education (졸업 후 의학교육에 경험학습이론의 활용)

  • Lee, Young Hee;Kim, Byung Soo
    • Korean Medical Education Review
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    • v.11 no.1
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    • pp.11-20
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    • 2009
  • The purpose of this study was to introduce the concepts of experiential learning and the Kolb's model, and to review some applications of experiential learning theory in graduate medical education. The published literature on GME and education for general practitioners applying the experiential theory and the Kolb's model was reviewed. Experience learning defined the cyclical learning process which emphasizes the learners' reflective thinking of the learners' concrete experiences and their active participation in continuous learning actives. Kolb includes this 'cycle of learning' as a central principle in his experiential learning theory. This is typically expressed as a four-stage cycle of learning. Kolb's cycle moves through concrete experience(CE), reflective observation(RO), abstract conceptualization(AC) and active experimentation(AE). Components of continuing education of the adult learner were based on autonomy, context of learning, and competence and performance as educational objectives. Some strategies for graduate medical education were reflective thinking, self-directed learning, morning reporting and feedback with peer review, etc. Opportunities for learning from experience in practical life can be made to enhance reflective thinking and performance of practitioners. Strategies to develop reflective practice among physicians should be explored by further research.