• Journal of East-Asian Urban History
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• v.1
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• pp.81-96
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• 2019

This paper attempts to rethink the ancient Emperor's Capital transition process from the viewpoint of territorial history. Emperor Tenmu, who planned first capital as Fujiwara-kyo in Asuka region, had a grand plan to put multiple cities in Japan. At that time the important cities were situated along east-west axis. However, since relocation of the capital from Fujiwara-kyo to Heijyo-kyo, the axis had turned towards north-south direction. The last ancient capital Heian-kyo was clearly organized utilizing north-south water systems in territorial sense.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.18 no.36
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• pp.365-370
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• 1995

In recent years, there have been attempts to explain firms' capital structure based upon the agency theory which considers agency problems arising due to ownership structure. Agency theory starts from the coctractual relationship (explicit or implicit) between principals and agents. Since uncertainty exists in real world and information is distributed asymmetrically, there are conflicts between principals and agents. The objectives of this study are to analyze, based upon agency theory, factors which are expected to affect firms' capital structure and to test empirically the relevance of agency cost hypothesis about the determination of capital structure, For these purposes, this paper carried out multiple regression in order to examine whether the factors of agency costs affect significantly the determination of capital structure. The results of empirical analysis are summarrized as follows; First, insider-equity ration has been negatively correlated with capital structure. Second, growth opportunity variabless has been insignificant coefficients with capital structure.

• Korean System Dynamics Review
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• v.14 no.3
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• pp.51-74
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• 2013

Recently, Community Rebuilding Projects (hereinafter CRPs) in Korea have been driven and motivated by community inhabitants by themselves, and highlighted as an alternative approach to overcome the limitation revealed normally in top-down projects of community vitalization by the Government. The CRPs encourage community-lead development because it happens to integrate multiple stakeholders and to help inhabitants to participate in the process of the CRPs by accumulating and enlarging social capital and network among inhabitants, and the social gain consequently raises the efficiency of public investment in revitalizing communities. In this study, the series of Causal Loop Diagrams (CLDs) is to be elaborated and the System-Thinking (ST) approach is to be presented to understand the dynamic characteristics residing in the above development process of rebuilding communities. The ST approach refers to the CLDs analyzing 19 remarkable Korean CRP cases, and leads to a conclusion including some of policy instruments to support the bottom-up CRPs in Korea. This study contributes a theoretical framework to understand the dynamic relation between social capital and community revitalization as well as empirical suggestions to respond to the issues of the CRPs in Korean local governments.

• Journal of Korean Institute of Industrial Engineers
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• v.10 no.2
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• pp.17-27
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• 1984

This paper is concerned with a branched pipe network system which transports some fluids or gas from multiple sources to multiple demand nodes. A nonlinear programming model is proposed for determining junction locations simultaneously with selection of pipe sizes and pump capacities such that the capital and operating costs of the system are minimized over a given planning horizon. To solve the model, a hierarchical decomposition method is developed with the junction location being the primary variable. With some values fixed for the primary, the other decision variables are found by linear programming. Then, using the postoptimality analysis of LP, junction locations are adjusted. We repeat this process until an optimum is approached. A simple example of designing a water distribution network is solved to illustrate the optimization procedure developed.

• Journal of the Korean Operations Research and Management Science Society
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• v.29 no.4
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• pp.175-187
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• 2004

We consider the simultaneous selection of part routes for multiple part types in Flexible Manufacturing Systems (FMSs). Using an optimization framework we investigate two alternative route assignment policies. The one, called routing mix policy in the literature, specifies the optimal proportion of each part type to be produced along its alternative routes, assuming that the proportions can be kept during execution. The other one, which we propose and call pallet allocation policy, partitions the pallets assigned to each part type among the routes. The optimization framework used is a nonlinear programming superimposed on a closed queueing network model of an FMS which produces multiple part types with distinct repeated visits to certain workstations. The objective is to maximize the weighted throughput. Our study shows that the simultaneous use of multiple routes leads to reduced bottleneck utilization, improved workload balance, and a significant increase in the FMS's weighted throughput, without any additional capital investments. Based on numerical work, we also conjecture that pallet allocation policy is more robust than routing mix policy, operationally easier to implement, and may yield higher revenues.

• The Journal of Industrial Distribution & Business
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• v.9 no.9
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• pp.63-74
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• 2018

Purpose - The current study is to compare the cognition of stakeholders on hosting a mega sports event between Korea and the United States. In particular, to understand their cognition and perceptual conflict towards hosting a mega sports event, the study employed conflict theory. Furthermore, the study reviewed the role of social capital in the process of managing the mega sports events. Research Design, Data, and Methodology - Of homogeneous sampling, purposeful sampling method and criterion-based selection approach were used to collect interview data from key stakeholders who have been involved in hosting a mega sports events in Korea and the United States. In-depth interview transcripts were reviewed multiple tiems after transcription to extract concepts and meanings that were pertinenet to the experience involving hosting a mega sports event. Further member checks was conducted to increase the credibility of the results. Results - Results can be summarized as followed: First, stakeholders of Korea have a strong desire for positive economic effects of a mega sports event, compared to those in the United States who are more concerned in enhancing the public interests and concerns. Second, in Korea, various socio-political issues emerged at the same time and conflicts among multiple stakeholders have aggravated the situations to coordinate the issues. This was because legal system supporting socio-trust has not been established. On the other hand, major stakeholders of the United States consisted of community members who have socio-trust and networks. Thereby these social resources have been found playing a key role in building social capital that assists the stakeholders to coordinate the current issues and to solve them. Conclusions - The current study analyzed the cognition and perceptual conflict of stakehoders in a mega sports event. Social capital has beend found as a key catalyst to increase a network and cooperation among stakeholders. In order to enhance social capital in managing a mega sports event hosted in Korea, legal systems that establish networks and relationships among the related stakeholders need to be developed. Furthermore, the systematic guideline needs to be developed, organizing the sub-committees according to the types of stakeholders and the categorized common needs.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.149-158
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• 2020

The purpose of this study was to investigate the impact of corporate governance index on the cost of equity in companies listed on the Tehran Stock Exchange. This study collects data from 975 observations during the period 2012 to 2018 to test the hypotheses using multiple linear regression model for the panel data. In this research, the independent variable of corporate governance index comprises of 27 specific corporate governance attributes. The results of hypothesis testing showed that corporate governance has a negative and significant effect on the rate of capital cost. In other words, the quality of corporate governance can lower the rate of capital cost. This result suggests that, by using a powerful corporate governance system and by declining the information asymmetry (increasing transparency) and agency conflict, we would be able to enhance the quality of financial reports. It would strengthen the capital market, attract financial suppliers and investors, and absorb the required financial resources of the firm by a lower rate. The findings of the study suggest that companies are able to reduce the cost of equity by establishing strong corporate governance. This conclusion suggests the importance and effectiveness of corporate governance in the cost of equity.

• Nuclear Engineering and Technology
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• v.56 no.2
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• pp.644-654
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• 2024

After the Tohoku earthquake and tsunami (Japan, 2011), regulatory efforts to mitigate external hazards have increased both the safety requirements and the total capital cost of nuclear power plants (NPPs). In these circumstances, identifying not only disaster robustness but also cost-effective capacity setting of NPPs has become one of the most important tasks for the nuclear power industry. A few studies have been performed to relocate the seismic capacity of NPPs, yet the effects of multiple hazards have not been accounted for in NPP capacity optimization. The major challenges in extending this problem to the multihazard dimension are (1) the high computational costs for both multihazard risk quantification and system-level optimization and (2) the lack of capital cost databases of NPPs. To resolve these issues, this paper proposes an effective method that identifies the optimal multihazard capacity of NPPs using a multi-objective genetic algorithm and the two-stage direct quantification of fault trees using Monte Carlo simulation method, called the two-stage DQFM. Also, a capacity-based indirect capital cost measure is proposed. Such a proposed method enables NPP to achieve safety and cost-effectiveness against multi-hazard simultaneously within the computationally efficient platform. The proposed multihazard capacity optimization framework is demonstrated and tested with an earthquake-tsunami example.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.10
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• pp.327-339
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• 2021

This study examines the impact of bank restructuring on the financial performance of commercial banks in Vietnam. The data for this study was obtained from the audited financial statements of 30 Vietnamese commercial banks from 2007 to 2019. Multiple regression analysis was used for investigation. Financial performance, as evaluated by ROAA, ROEA, and NIM, is the dependent variable. Financial restructuring, ownership restructuring, and operational restructuring are the independent variables. Pooled least squares (Pooled OLS), fixed effects model (FEM), random effects model (REM), and system generalized moment regression model (System GMM) are the estimate methods used to increase the accuracy of the regression coefficient. The research results show that the variables of financial restructuring activities such as government intervention and the ratio of equity to total assets; variables of ownership restructuring such as capital adequacy ratio, privatization of state-owned commercial banks, mergers, and acquisitions; variables of operational restructuring such as employees, branches, the cost to total assets; GDP variables and the second restructuring period have a positive impact on financial performance. Variables such as debt-to-capital ratio, bad debt ratio, state ownership ratio, expense-income ratio, and inflation have a negative effect on financial performance.

• Korean Journal of Health Education and Promotion
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• v.28 no.2
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• pp.63-73
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• 2011

Objectives: This study was conducted to investigate the relationships between trust and participation in cancer screening. Methods: Data from 2004 Busan Health Survey were analysed for the study. Multiple logistic regression was performed on participation in cancer screening by trust level with potential confounders(sex, age, education, monthly mean household income, subjective health status, smoking, alcohol intake, exercise, and daily eating habits). Results: In a total of 7,423 participants, 2,078(28.0%) were classified as cancer screening participants. High horizontal trust was associated with increased likelihood of cancer screening participation(OR(men) = 1.20, 95% CI 1.00-1.45) and (OR(women) = 1.19, 95% CI 1.02-1.39), after multiple adjustments. Respondents with high trust in health care system had significantly higher odds ratios for participation in cancer screening: 1.60(95% CI 1.27-2.02) among men and 1.18(95% CI 0.97-1.44) among women, after multiple adjustments. Conclusions: Trust was significantly associated with higher odds of cancer screening participation and could be a potent arena for increasing cancer screening participation.