• Korean Journal of Construction Engineering and Management
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• v.16 no.4
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• pp.70-79
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• 2015

With the rise of the interest in a renewable system, the importance of the Life Cycle Cost Analysis(LCCA), an economic evaluation tool, has been increasing. However, there is an inevitable gap between a real cost and an estimation from LCCA because of the uncertainty of the external environment in real world. As the input variables in an analysis, such as a real discount rate and an energy cost, ares subject to change as time goes by, strategic decision on the current operating system is made depending on the real cost. Current economic evaluation approaches have treated only the fluctuation of input variables without consideration of the flexibility in operation, which has consequently led to the impairment on the reliability of LCCA. Therefore, new approach needs to be proposed to consider both the uncertainty of input variables and operational flexibility. To address this issue, the application of the Real Option to LCCA is presented in this study. Through a case analysis of LCCA of a solar heating system, the limits and current status of LCCA are identified. As a result, quantitative presentation of strategic decisions has been added in the new approach to implement the traditional approach.

• International Journal of Naval Architecture and Ocean Engineering
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• v.6 no.4
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• pp.983-999
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• 2014

The structural design of the ships includes two main issues which should be checked carefully, namely the extreme structural response (yielding & buckling) and the fatigue structural response. Even if the corresponding failure modes are fundamentally different, the overall methodologies for their evaluation have many common points. Both issues require application of two main steps: deterministic calculations of hydro-structure interactions for given operating conditions on one side and the statistical post-processing in order to take into account the lifetime operational profile, on the other side. In the case of ultra large ships such as the container ships and in addition to the classical quasi-static type of structural responses the hydroelastic structural response becomes important. This is due to several reasons among which the following are the most important: the increase of the flexibility due to their large dimensions (Lpp close to 400 m) which leads to the lower structural natural frequencies, very large operational speed (> 20 knots) and large bow flare (increased slamming loads). The correct modeling of the hydroelastic ship structural response, and its inclusion into the overall design procedure, is significantly more complex than the evaluation of the quasi static structural response. The present paper gives an overview of the different tools and methods which are used in nowadays practice.

• East Asian Journal of Business Economics (EAJBE)
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• v.6 no.4
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• pp.1-12
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• 2018

Purpose - This paper tests the effect of the structure of manufacturing and marketing subsidiary network on FX exposure of Korean MNEs. Furthermore, the moderating effect of pass-through ability on the relationship between the subsidiary network and FX exposure is explored. Research design and methodology - This study utilizes a sample of 309 Korean MNEs constructed from database offered by KOTRA and KIS-VALUE. Results - As operational flexibility arising from having operations in multiple locations provides an option for firms to tackle FX exposure, greater breadth of manufacturing subsidiary network reduces FX exposure, and greater depth increases FX exposure. However, both the breadth and depth of marketing subsidiary network decrease FX exposure due to the firm's higher level of market presence and knowledge to devise an appropriate marketing strategy that can buffer adverse exchange rate movement. Such an effect is intensified when MNE's have FX exposure pass-through ability stemming from differentiated good. Conclusions - Empirical findings suggest that types and structure of Korean MNEs' foreign subsidiary network are closely related to the level of FX exposure they are experiencing. Also, they can utilize marketing subsidiary network more efficiently when having a higher R&D intensity.

• STI Policy Review
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• v.1 no.3
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• pp.25-37
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• 2010

Advances in Information Communication Technologies (ICT) have demonstrated tremendous potential for solving development challenges and improving development processes, culminating in the new Development 2.0. Many development practitioners have embraced ICT (particularly on Web 2.0 and mobile phone technologies and applications), which have become hot topics in both the development community and the policy community as they engage in development practice and dialogue. Despite this excitement, there lacks among the policy community a robust understanding of the powers and pitfalls of ICT in development, executed actions to back the excited chatter, and dissemination of this understanding to practitioners and policymakers alike. We conducted a literature review, interviewed experts, and engaged in discussion with leaders in international development and science and technology policy to provide an operational framework base in which to view ICT in development. This framework regards ICT as tools that support more effective and efficient community development actions and appropriate consideration of general guidelines, which enable better engagement across and within sectors and individuals. Flexibility and accountability are critical requirements pervading throughout the various actions and guidelines, which promote transparent, partnership-based, and sustainable development. We highlight the strengths and weaknesses of ICT to focus on the cautions to keep ICT access and distribution in context, understand the various levels of technologies and services, and dig below the surface as excitement about ICT increases and threatens to become a short-term solution. We offer ideas for specific programs that policymakers can implement to contribute to a more efficient and effective development process to ultimately support global human development, but stress the endless possibilities that can be explored with creativity and flexibility beyond what is proposed here.

• Asia-Pacific Journal of Business
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• v.14 no.4
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• pp.87-113
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• 2023

Purpose - Focusing on Haier, a successful corporate venture in China, we analyse the operating mechanism and success factors of corporate venture, and reveal the necessary factors for the successful implementation of corporate venture. Design/methodology/approach - This study is a single case study centred on Haier, a successful corporate venture in China. Findings - The operational process of Haier's corporate venture includes six key aspects: project selection, team building, resource allocation and support, project implementation, risk control measures, performance evaluation and rewards. In terms of success factors, the support of top management with leadership capability of value creation and sharing is very important for the success of corporate venture. Secondly, a multi reward mechanism can be introduced to motivate employees and improve performance. Thirdly, it is important to integrate corporate culture into the operating mechanism of an corporate venture. Fourthly, flexible operations that break down rigid organisational boundaries and transform the organisation into a more open platform for entrepreneurship can increase the likelihood of success. Finally, empowering employees with operational discretion can also have a positive impact on the success of an Corporate Venture. Research implications or Originality - This study contributes to theory and practice by analysing the success conditions of corporate venture, providing new understanding and drawing new perspectives, especially from the experience of Haier. The results suggest strategies and flexibility for successfully pursuing corporate venture, and provide important experience for international companies to help them gain competitive advantage in global competition. It also helps corporate leaders to promote new directions and innovations and improve their strategies to respond to dynamic environments.

• Maritime Security
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• v.1 no.1
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• pp.311-343
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• 2020

Because of the global warming, the Arctic Ocean is expected to be ice-free by the year 2035. When the Arctic Ocean will be opened, a number of national interests will become more salient as experiencing a shortened sailing distance and decreasing navigation expense, possibility of natural resources transport by sea from Arctic Circle, and indirect-profit making by building a herb port in Asia. To secure the national interests and support the free activities of people in this region, R.O.K government is trying to make advanced policies. In order to carry out the naval tasks in the Arctic Ocean, using the operational characteristics(mobility, flexibility, sustainability, presence of capabilities, projection) is necessary. To this end, ROK Navy should analyze the operational environment (O.E.) by its capability(weakness and strength), opportunity, and threat. R.O.K. Navy should make an effort over the following issues to implement the tasks in the Arctic Ocean: first, Navy needs to map out her own plan (Roadmap) under the direction of government policies and makes crews participate in the education·training programs in home and abroad for future polar experts. Third, to develop the forces and materials for the tasks in cold, far operations area, Navy should use domestic well-experienced shipbuilding skills and techniques of the fourth industrial revolution. Next, improving the combined operations capabilities and military trust with other countries in the Arctic region to cover the large area with lack of forces' number and to resolve the ports of call issues. Lastly, preparation in advance to execute a variety of missions against military and non-traditional threats such as epidemics, HA/DR, SOLAS, in the future operation area is required.

• Proceedings of the KIEE Conference
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• 2006.04b
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• pp.241-243
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• 2006

This paper describes experimental analysis of UPQC, which is composed of cascaded H-bridges and single-phase multi-winding transformers. The operational characteristic was analyzed through experimental works with a scaled model, and simulations with PSCAD/EMTDC. The UPQC proposed in this paper can be directly connected to the distribution line without series injection transformers. It has flexibility to expand the operation voltage by increasing the number of H-bridge modules. The analysis results can be utilized to design the actual UPQC system applicable for the actual distribution system.

• Journal of the Korean Society of Marine Environment & Safety
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• v.8 no.1
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• pp.53-59
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• 2002

A correctly designed bridge offers improved operational safety in terms of increased vigilance, flexibility of operation, precision of control and operator＇s situational awareness. According1y to design human centered bridge, the consideration shall be given to the man-machine interface, location and interrelation of workstation, configuration of console, windows. field of vision and bridge working environment. The state-of-the-art suits for one-man operation by integration of conning information and central information presentation. Further, it is desirable to enable two man ship operation for emergency operations, training purposes and redundancy. In this point of view, this thesis would like to design a conceptual bridge.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.67 no.1
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• pp.22-28
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• 2018

In case of developing a combined system by a number of distributed resources with storage device, a number of application suggests a huge capacity can derive operational flexibility both power supply issues or when unexpected situation imposed. However, it is important to determine a resonable energy capacity because the device have many controversial cost issues in current power system industry. An ESS application which focusing essentially required points can induce appropriate storage capacity that required in economic operation. In this paper, a curtailment supporting algorithm based on storage device is introduced, and applied in the capacity calculation method. The main algorithm pursues handling minor exceeding quantities which can cause mechanical load at blade; This paper tries to include it for configuring hybrid algorithm with pitch control. Several fluctuating conditions are utilized in simulation to reflect critical situation. The analyzing process focuses on the control feasibility with applied capacity and control method.

• Journal of Korea Multimedia Society
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• v.6 no.4
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• pp.610-619
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• 2003

This paper presents a concept of cellular automata and a modular exponentiation algorithm and implementation of a basic EIGamal encryption by using cellular automata. Nowadays most of modular exponentiation algorithms are implemented by a linear feedback shift register(LFSR), but its structure has disadvantage which is difficult to implement an operation scheme when the basis is changed frequently The proposed algorithm based on a cellular automata in this paper can overcome this shortcomings, and can be effectively applied to the modular exponentiation algorithm by using the characteristic of the parallelism and flexibility of cellular automata. We also propose a new fast multiplier algorithm using the normal basis representation. A new multiplier algorithm based on normal basis is quite fast than the conventional algorithms using standard basis. This application is also applicable to construct operational structures such as multiplication, exponentiation and inversion algorithm for EIGamal cryptosystem.