• THE INTERNATIONAL COMMERCE & LAW REVIEW
• /
• v.67
• /
• pp.143-162
• /
• 2015

Russia has a huge amount of energy resources. It is an attractive factor to countries which spend loads of energy. Republic of Korea is also one of large energy consumption countries. Therefore, It will be needed to raise energy cooperation with Russia. It's companies will increase trade focusing on the energy industry in the long term. Recently, However, Foreign companies should be careful when they enter the rapidly changing Russia market. In other words, companies will need a strategic approach to prepare the early case assessment and how to solve a possible dispute as they analyze cost and profit in business. This study is analyzing several dispute cases related in Russia. It presents some strategies for Korean companies such as dispute resolution method, arbitration institution selection method and so on. In addition, it proposes the introduction of the early case assessment for reducing a waste of time and cost. Furthermore, according as the importance of OECD Guidelines for Multinational Enterprises is highlighted in international community, companies should prepare practical division to establish a system of responsible business conduct. Finally, they will have to get an advice and counseling from the Russia legal experts in the early stages of the contract.

• The Transactions of the Korea Information Processing Society
• /
• v.5 no.6
• /
• pp.1639-1651
• /
• 1998

In this paper, we present analytical and simulation models for evaluating the operation of a uniprocessor computer which utilizes a time redundant approach (such as recomputation by shilted operands) for lault-tolerant computing. In the proposed approach, all incoming jobs to the uniprocessor are duplicated, thus two versions 01 each job must be processed. Three methods for appropriately scheduling the primary and sL'Condary versions of the jobs are proposed and analyzed. The proposed scheduling methods take into account the load and the fault rate of the uniprocessor to evaluate two figures of merit for cost and profit with respect to a delay in response time due to faults and fault tolerance. Our model utilizes a fault-tolerant schedule according to which it is possible to find an optimal delay (given by $\kappa$) based on empiric parameters such as cost, the load and the fault rate of the uniprocessor.

• Proceedings of the KIEE Conference
• /
• 2006.07a
• /
• pp.196-197
• /
• 2006

Preventive maintenance can avail the generation utilities to reduce cost and gain more profit in a competitive supply-side power market. So, it is necessary to perform reliability analysis on the systems in which reliability is essential. In this paper, RCM (Reliability -Centered Maintenance) analytical method is adopted using real historical failure data in Korean power plants. Therefore, the reliability -based Probability model for predicting the failures of components in the power plant is also established, and application to FMECA(Failure Mode Effects and Critical Analysis) consideration of failure probability, Based on the weighting ranking of generating equipments which status to be probability estimation by FMECA. The FMECA is an engineering analysis and a core activity performed by reliability engineers to review the effects of probable failure modes of generating equipments and assemblies of the power system on system performance. The results of this paper show that application of FMECA with stochastic approach to the preventive maintenance can efficiently avail decreasing the cost on maintenance and hence improve the total benefit.

• Journal of Information Technology Applications and Management
• /
• v.15 no.1
• /
• pp.183-202
• /
• 2008

The introduction of a ubiquitous environment has realized commercial ubiquitous services in various industrial fields and government area. The central and/or local governments are demanding an appropriate investment evaluation model for ubiquitous service. Thus, this study develops and suggests an evaluation model for ubiquitous service by reflecting its characteristic of promoting public good, as well as its broad ripple effect on people. The investment evaluation model for ubiquitous service suggested by this study is based on Cost Benefit Analysis Method. Especially, the 'Benefit' is analyzed in two aspects; 'Economic Benefit', which shows the benefit that ubiquitous service providers to the overall local economy, and; 'Financial Benefit', which shows the profit of individual investors participating in the introduction of ubiquitous service. The investment evaluation model for ubiquitous service suggested by this study can be used by the central and/or local government during their evaluation for investment before introducing a ubiquitous service. Also, when introducing a ubiquitous service in public field, the model can be used to support the decision making of private businesses for investment. Finally, it can be used to promote and inform the expected benefits of introducing a ubiquitous service to local residents.

• International Commerce and Information Review
• /
• v.7 no.2
• /
• pp.75-94
• /
• 2005

This study is focused on evaluating the computer-integrated just-in-time (CI-JIT) production system of a semi-conductor manufacturing firm in Korea. Approaching the mid-1980s, the emphasis was on low price, low-cost operations, and quality, especially in USA. American companies have shifted output to low-wage countries like the Philippines, Korea, Japan, Malaysia and allied countries that can make quality products at low prices. Korea and other Asian countries forego short-term profits to gain a solid foothold in a product market, recognizing that larger market share leads to lower cost and higher profit in the long run. They bring manufacturers and suppliers together to improve material management and operation management, using project teams that investigate topics, such as Just-In-Time(JIT)manufacturing, among others. The "Kanban" word means "card" in Japanese, and is used to indicate the desired final delivery schedule. The operation for a particular item produced is scheduled for a specific time. The same process is extended to the external suppliers. More recently, the cards are gradually being replaced by electronic procedures that follow the same concept. Its capacity must be capable of handling the various transactions required by the JIT coverage as well as some allowances for expanded applications.

• Korean Journal of Organic Agriculture
• /
• v.19 no.4
• /
• pp.435-461
• /
• 2011

This study was conducted field surveys and theoretical discussion whether small farmers thinks there are economics of scope in small organically grown cropslivestock farming cycling system. The discussions are summarized as follows. At the end of October 2011, the cycling agriculture farms are only a total of 15 farmers, 0.1% of total organic farms in Korea. The FMD disease, FTA, family farm structure, the importance of animal health and welfare, agricultural cycles, when considering the valuation of the multifunctionality, alternative agriculture is small farming cycling system. Organic agriculture is a 'cooperation-cycling-family farm' in the interaction it is important to understand. The two groups were surveyed. Group 1 is 6 farmers who practicing cycling farming system, and Group 2 is the 33 farmers who wish to cycling farming system. Interview survey and the survey results was obtained as follows. First, We find that there are strong economies of scope, due to a decreased costs have increased net profit. Second, the multifunctional values is realized also cycling farming system. Third, but some certification standards leads to high transaction cost. Thus, a small family farm who wishing to target organic livestock certification standards need to improve.

• IE interfaces
• /
• v.18 no.3
• /
• pp.277-287
• /
• 2005

In this paper, we deal with a new techno-economic modeling and analysis for optical access networks. In deploying the fiber-to-the-home (FTTH) architecture, network planner needs to consider the following techno-economic issues: when do we need to upgrade existing local access network to FTTH network? how much do we invest to maximize profit? In order to answer these techno-economic questions, we need to consider the impact of emerging technologies and business environment. Toward this end, we develop a new techno-economic modeling to deal with the inherent complexity of technology evolution and cost economics. In particular, the new modeling approach provides us with an techno-economic analysis of technology alternatives such as ethernet passive optical network (E-PON) and wavelength division multiplex passive optical network (WDM-PON). In this analysis, we focus on the impact of critical factors such as the cost characteristic of proposed architecture and digital subscriber line (DSL) subscriber's churn-in to FTTH service and churn-out. We develop mixed integer-programming models for finding the evolution path of local access networks to broadband network architectures.

• Journal of the Korean Society of Environmental Restoration Technology
• /
• v.12 no.6
• /
• pp.51-62
• /
• 2009

The purpose of this study is to analyze the profitability by selecting Pinus densiflora S. et Z. worthy of ornamental tree from among the cutting timber in the urban development project, and then presents the improvements. The study site is the whole area of Oedong-eup Gyeongju city Gyeongsangbuk-do and subject trees numbers are 2,180 trees. Analysis method is cost analysis because it is used generously pubic land development. In results, at first, in case of forest development currently cutting tree costs 7.3 million Won/ha. and no profit is occurred at all. Secondly, the forward direction order of tree treatments expenses are in sawdust production, selling lumber, selling ornamental tree, and selling ornamental tree, sawdust production, selling lumbered on the aspect of profits by the selling stumpage. Especially, selling trees as ornamental tree costs 127 million Won/ha. which shows the highest profits. Third, the management of ornamental tree pine tree after transplantation from development site costs 5 times less than purchasing the same quality trees. Hence, it is recommended to re-utilize the trees from the development sites to produce a high standard gardens and it also provides the basis for the low carbon green growth society.

• Journal of the Korean Society of Manufacturing Technology Engineers
• /
• v.21 no.6
• /
• pp.954-960
• /
• 2012

Nowadays, rapidly changing and unstable global economic environments request a lot of roles to engineers. In this situation, product should be designed to make more profit by cost down and to satisfy distinguished performance comparing to other competitive ones. In this research, the optimization design of the industrial robot casting will be done. The weight and deflection have to be reduced as objective functions and stress has to be constrained under some constant value. To reduce time cost, CCD (Central Composite Design) will be used to make experimental design. And RSM (Response Surface Methodology) will be taken to make regression model for objective functions and constraint function. Finally, optimization will be done with Genetic Algorithm. In this problem, the objective functions are multiple, so NSGA-II which is brilliant and efficient for such a problem will be used. For the solution quality check, the diversity between Pareto solutions will be also checked.

• Proceedings of the KIEE Conference
• /
• 2001.11b
• /
• pp.57-59
• /
• 2001

The restructuring of power industry is still going on all over the world for last several decades. Many kinds of restructuring model has been studied, proposed, and applied. Among those models, power pool is more popular than others. This paper assumes the power pool market structure having competitive generation sector and a new method is presented to build bidding strategy in that market. The utilities participating in the market have the perfect information on their cost and price functions, but they don't know the strategy to be chosen by others. To define one's strategy as a vector, we make utility's cost/price function into discrete step function. An utility knows only his own strategy, so he estimates the other's strategy using stochastic methods. For considering these conditions, we introduce the Bayesian rules and noncooperative game theory concepts. Also additional assumptions are included for simplification of solving process. Each utility builds the strategy to maximize his own expected profit function using noncooperative Bayesian game. A numerical example is given in case study to show essential features of this approach.