• Journal of the Korea Society for Simulation
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• v.33 no.1
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• pp.27-34
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• 2024

This study aims to propose an optimal asset allocation that minimizes the risk of insufficient realized replacement rates compared to the OECD average replacement rate. To do this, we set the shortfall risk of replacement rates and calculates an asset allocation plan to minimize this risk based on the period of enrollment, the income level and additional contribution. We consider stocks and deposits as investment assets, using Monte Carlo simulation with a GBM model to generate return distributions for stocks. Our result show that, for individuals with a enrollment period of less than 30 years, participants should invest a minimum of 70-80% of their funds in risky assets to minimize the shortfall risk. However, the proportion of funds that need to be invested in risky assets declines significantly when participants contribute an additional premiums. This effect is particularly pronounced among low-income individuals. Therefore, to achieve OECD average replacement rates, the government needs to incentivize participants to invest more in risky assets, while also providing policies to encourage additional contributions, especially for the low-income population.

• Journal of Korea Technology Innovation Society
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• v.19 no.1
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• pp.191-229
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• 2016

As Korean national R&D projects have steadily grown in size, the needs of enhancing the efficiency and effectiveness of the national R&D budge spending has been also discussed. Therefore, many efforts have been made to establish performance assessment system to improve the efficiency and effectiveness of the national R&D project. One example of such efforts is the stipulation of connecting the results of performance evaluation ranking of the national R&D projects with the budge allocation of for the coming fiscal year. Unlike the stipulated article in the law/regulation that 'more budge shall be allocated to a project rated over excellent grade and vice versa', however, precedent studies have been casting mixed opinions over to the effectiveness of the connection between assessment results and budge allocation. In this respect, the present study attempted to empirically examine if the laws and institutions related to the results of performance evaluation ranking of the national R&D projects with the budge allocation work properly, using panel regression analysis and quantitative data. In addition, this study investigated into the deterrent factors to the connectivity between the performance results of the national R&D projects and budge allocation and sought for a way to improve the system of performance assessment and enhance the reliability of the results by minimizing the hindrance factors.

• Environmental and Resource Economics Review
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• v.20 no.2
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• pp.167-198
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• 2011

The Korean government recently announced greenhouse gases (GHG) emissions reduction target as 30% of 2020 business as usual (BAU) emission projection. As carbon emissions trading is widely used to achieve reductions in the emissions of pollutants, this study deals with the sectoral allocation of initial carbon emission permits in Korea. This research tests the effectiveness of a variety of allocation rules based on the bankruptcy problem in cooperative game theory and hybrid input-output tables which combines environmental statistics with input-output tables. The impact of initial emission permits allocation on economic growth is also analyzed through green growth accounting. According to the analysis result, annual GDP growth rate of Korea is expected to be 4.03%, 4.23%, and 3.67% under Proportional, Constrained Equal Awards, and Constrained Equal Losses rules, respectively. These rates are approximately from 0.69% points to 0.13% points lower than the growth rate of 4.36% without compulsory $CO_2$ reduction. Thus, CEA rule is the most favorable in terms of GDP growth. This study confirms the importance of industry level study on the carbon reduction plan and initial carbon emission permits should reflect the characteristic of each industry.

• Journal of Society of Preventive Korean Medicine
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• v.16 no.2
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• pp.17-30
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• 2012

Objectives : This study was to analyse the reasons for the early termination of our clinical trials that were to know the influences of Tai-chi on non-motor symptoms of Parkinson's disease. Methods : We stopped the primary study of Tai-chi to observe the changes of non-motor symptoms of Parkinson's disease. So we carried out the survey to our participants of clinical trials. We conducted the survey about the patient's characteristics of usual exercise, experience of Tai-chi, appropriate time allocation, difficulties of proceeding the program and patient's opinion for the improvement of education. And the 4 questions about the contributiveness of Tai-chi for the Parkinson's disease, usability of supplied references, difficulties and time allocation of education were using the questionaries form of 5-point scale(Likert scale). Results : The results of survey showed that the benefits of Tai-chi program for the improvement of symptoms was $3.15{\pm}0.89$ and difficulty of lecture was $3.76{\pm}1.09$. 41% of participants answered that the motions of the Tai-chi is difficult to follow and 17% of participants felt the imbalance during the motion of Tai-chi. Conclusions : Participants replied that the Tai-chi is hard for the patients of Parkinson's disease and the time for the education was too short to keep doing exercise. Thus we have plan to educate the patients of Parkinson's disease with Tai-chi program consists of easier motion by developing ourselves or searching previous studies.

• Journal of Korea Technology Innovation Society
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• v.12 no.4
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• pp.819-839
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• 2009

Proposed increases to the government's R&D budget should be discussed based on merits of meeting efficiency and effectiveness criteria. The evaluation of the national R&D budget and related programs are performed in two areas: a system of R&D budget coordination and allocation, and a system of R&D program performance. This paper mainly focuses on the operational areas of R&D budget evaluation system with a focus on their impact to efficiency and effectiveness. The core view point for a R&D budget evaluation system involves two directions: Firstly, to detail the relationships between the later stage (ex. post) activities such as, program survey, analysis, and program performance evaluation, with the budget evaluation. Secondly, to critically oversee all R&D coordination procedures with a different perspective. Budgeting is generally known as a serial process of policy making, planning and executing. It is highly desirable for the budget to be allocated to, and spent by, specific programs as planned, and that each plan be aligned with a specific policy. As such, a strong relevance between the program structure and budget code system is integral to successful execution. It should be performed using a decision making system which closely examines the link between policy and budget. It is also recommended that systematic relationships be maintained among budget coordination and allocation, performance evaluations of policy and program levels, and program survey and analysis system, and that their operational schedule should be reviewed comprehensively as a one integrated system. The National Science and Technology Council is expected to play a major and practical role as the center of policy planning and should be supported by the objective and unbiased system which covers overall process from policy making to program evaluation. Finally, increased utilization of contents, timely program survey and analysis, and accurate of activity scheduling of budget coordination and allocation, and diligent program performance evaluation all contribute towards a more efficient and effective overall evaluation system.

• Journal of Environmental Science International
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• v.20 no.12
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• pp.1647-1661
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• 2011

The Government had devised legislation of Special Act and drew up guidelines for improving air quality in Seoul Metropolitan area. In 2007 local government of Seoul, Incheon and Gyeonggi conducted the results of application policy by reduced air pollutants emission for the first time. Although there was reduction of air pollutant emission in each local government, it was ineffective as expected using air pollution monitoring database. Therefore we worked out a way to prepare modeling input data using the results of enforcement plan. And we simulated surface $NO_2$ and PM10 before and after decrease in air pollutants emission and examine reduction effects of air pollution according to enforcement regulation except other influence, by using MM5-SMOKE-CMAQ system. Each local government calculated the amount of emission reduction under application policy, and we developed to prepare input data so as to apply to SMOKE system using emission reduction of enforcement plan. Distribution factor of emission reduction were classified into detailed source and fuel codes using code mapping method in order to allocate the decreased emission. The code mapping method also included a way to allocate spatial distribution by CAPSS distribution. According to predicted result using the reduction of NOx emission, $NO_2$ concentration was decreased from 19.1 ppb to 18.0 ppb in Seoul. In Gyeonggi and Incheon $NO^2$ concentrations were down to 0.65 ppb and 0.68 ppb after application of enforcement plan. PM10 concentration was reduced from 18.2 ${\mu}g/m^3$ to 17.5 ${\mu}g/m^3$ in Seoul. In Gyeonggi PM10 concentration was down to 0.51 ${\mu}g/m^3$ and in Incheon PM10 concentration was decreased about 0.47 ${\mu}g/m^3$ which was the lower concentration than any other cities.

• Journal of the Korean Institute of Educational Facilities
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• v.21 no.3
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• pp.3-10
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• 2014

A study of facility securement and space utilization at national universities in Korea was conducted in order to help develop an efficient model for space management at national universities going forward. For the study, 36 national universities were asked to submit answers to a questionnaire on usage of campus facilities in 2013. We then analyzed the results of space management for the 27 universities that participated in the questionnaire in each of the past three years (2011-2013). Lastly, we conducted an awareness test on the space utilization policies and space management for these universities. The results are as follows. First, the aggregate average score for space utilization over the past three years is 74.06. The annual average score increased year-over-year and then decreased; it was 69.44 in 2011, 80.68 in 2012, and 72.05 in 2013. A decline in the sense of responsibility of universities to effectively manage space appears to be a factor in the decrease. Second, with 53% of respondents in agreement, treatment of campus area as private space appears to be the biggest hurdle for efficient space management. As such, a plan to foster a more communal view of campus facility area is required. Third, resistance from constituents to existing guidelines for space allocation on campuses appears to be limited (78.1% of respondents answered the guidelines currently in place were average, satisfactory, or very satisfactory). We believe this result points to a mutual understanding forming amongst constituents regarding guidelines on space allocation on campus.results of satisfaction research: the users are generally satisfied with education and student.

• Journal of Environmental Policy
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• v.10 no.2
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• pp.21-44
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• 2011

It is important to consider an equitable allocation framework for domestic GHG emission reduction. First, the study established criteria and indicators for the National Allocation Plan (NAP) based on the principles of cost-efficiency and social-acceptance, and performed a case study of the sectoral effort sharing method, using the effort sharing index. The equity analysis of effort sharing based on sectoral preferences and inter-sectoral equity using a Lorenz Curve are performed. The equitable method is more likely to be suitable than the economic one which considers just reduction potential. Equitable effort sharing reflects a higher level of equity than economic effort sharing. At the same time, the equitable effort sharing method is essential for reflecting equity and establishing criteria for equity because evaluation with the equitable effort sharing method depends in particular on the weight of equity criteria. The result suggests the importance of consideration of equity and the establishment of equity criteria. In conclusion, it is critical to consider not only cost-efficiency but equity in policy decision making in terms of the sectoral effort sharing for national GHG reduction target.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.22 no.2
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• pp.1-12
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• 2019

Open space planners and designers should consider scientific and quantified functions of trees when they have to locate where to plant the tree. However, until now, most planners and designers could not consider them because of lack of tool for considering scientific and quantitative tree functions. This study introduces a tree location supporting tool which focuses on the multi-objective including scientific function using ACO (Ant colony optimization). We choose shading effect (scientific function), shielding, and openness as objectives for test application. The results show that when the user give a high weight to a particular objective, they can obtain the optimal results with high value of that objective. When we allocate higher weight for the shading effect, the tree plans provide larger shadow value. Even when compared with current tree plan, the study result has a larger shading effect plan. This result will reduce incident radiation to the ground and make thermal friendly open space in the summer. If planners and designers utilize this tool and control the objectives, they would get diverse optimal tree plans and it will allow them to make use of the many environmental benefits from trees.

• Journal of recreation and landscape
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• v.6 no.2
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• pp.27-36
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• 2012

This study, presents the details of a propulsion system for a systematic approach to the remodeling of rural villages as part of the pilot project that will be implemented in 2013. Studies on remodeling rural villages have focused mainly on various concepts of remodeling purposes and functions, and on the size and allocation standards of the facilities, such as rural houses, village rest areas, or public facilities. Thus, research is required on the establishment of a plan to restructure rural spaces and suggestions regarding the standards applicable at the local sites. This study employed an upward access system to prepare for the remodeling project and encourage the local residents' participation. As a result, the local residents voluntarily participated in drawing up a comprehensive plan for the village maintenance settings and forms, and for making the arrangements, by discussing the pros and cons of the plan, or through the forum. Based on this result, the local government examined the project in terms of its specifics, size, timing, budgetary appropriation, and anticipated results in order to implement the project, and also provided aid from the field experts to review the plan for the space and facility plans, and the legal system to establish the remodeling plan for the rural villages. Thus, this study attempts to contribute toward improving the quality of the rural villager's lives through a comprehensive remodeling of the whole rural village, not through an individual remodeling method.