• Title/Summary/Keyword: Project risk

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Promotion of the Private Investments in the Military Facilities through Integration of BTL and BTO Methods (BTL방식과 BTO방식을 혼합한 군시설 민간 투자사업의 활성화 방안의 연구)

  • Kwak, Soo-Nam;Park, Sang-Hyuk;Han, Seung-Heon;Kim, Hyoung-Kwan
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.278-283
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    • 2006
  • Koran Government introduced BTL(Build-Transfer-Lease) to provide convenience through early supplying infrastructure and plans to invest 8,315million dollar to 84 projects of 15 BTL type involving official residence and railroad. But some of construction company hates to invest BTL projects because of its low earning rate. In addition if we correctively apply project which partly has profitability to BTL, the earnning rate declines more seriously. So this paper presents BTL+BTO model which operates BTL in the non-profitable parts to improve convenience of users and BTO in the profitable parts to improve earning rate. BTL+BTO model based on operate period was presented and its suitability was confirmed by applting 00 region official residence project.

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Design of the Oslofjord Subsea Tunnel: A Case Study (노르웨이 Oslofjord 해저터널의 설계경향)

  • Shin, Hee-Soon;Park, Eui-Sub
    • Tunnel and Underground Space
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    • v.17 no.1 s.66
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    • pp.1-8
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    • 2007
  • In Norway, about 30 subsea tunnels have been constructed over the last 20 years. The minimum depth of 17 subsea tunnels is 56 m and rock cover are between 23 and 49 m. As the project areas for subsea tunnel are covered by water, special investigation techniques need to be applied and the investigation results are more uncertain than that of most conventional tunnel projects. The indefinite potential of water inflow and the salinic character of ingress water represent considerable problems for tunnel equipment and rock support materials. The least stable conditions are represented by major faults or weakness zones containing heavily crushed rock and clay gouge. This paper introduces the Oslofjord subsea tunnel project including minimum rock cover requirement, risk of water inflow, investigation costs, construction costs, and traffic & operation costs.

Agroclimatic Maps Augmented by a GIS Technology (디지털 농업기후도 해설)

  • Yun, Jin-I.
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.12 no.1
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    • pp.63-73
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    • 2010
  • A comprehensive mapping project for agroclimatic zoning in South Korea will end by April 2010, which has required 4 years, a billion won (ca. 0.9 million US dollars) and 22 experts from 7 institutions to complete it. The map database from this project may be categorized into primary, secondary and analytical products. The primary products are called "high definition" digital climate maps (HD-DCMs) and available through the state of the art techniques in geospatial climatology. For example, daily minimum temperature surfaces were prepared by combining the climatic normals (1971-2000 and 1981-2008) of synoptic observations with the simulated thermodynamic nature of cold air by using the raster GIS and microwave temperature profiling which can quantify effects of cold air drainage on local temperature. The spatial resolution of the gridded climate data is 30m for temperature and solar irradiance, and 270m for precipitation. The secondary products are climatic indices produced by statistical analysis of the primary products and includes extremes, sums, and probabilities of climatic events relevant to farming activities at a given grid cell. The analytical products were prepared by driving agronomic models with the HD-DCMs and dates of full bloom, the risk of freezing damage, and the fruit quality are among the examples. Because the spatial resolution of local climate information for agronomic practices exceeds the current weather service scale, HD-DCMs and the value-added products are expected to supplement the insufficient spatial resolution of official climatology. In this lecture, state of the art techniques embedded in the products, how to combine the techniques with the existing geospatial information, and agroclimatic zoning for major crops and fruits in South Korea will be provided.

Korean Red Ginseng Improves Vascular Stiffness in Patients with Coronary Artery Disease

  • Chung, Ick-Mo;Lim, Joo-Weon;Pyun, Wook-Bum;Kim, Hye-Young
    • Journal of Ginseng Research
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    • v.34 no.3
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    • pp.212-218
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    • 2010
  • Korean red ginseng (KRG) has been shown to enhance endothelium-dependent vasorelaxation in experimental animals; however, little is known about its pharmacological effects on vascular stiffness in patients with coronary artery disease (CAD). This randomized, double-blind, placebo-controlled crossover trial was carried out to determine whether KRG has beneficial effects on arterial stiffness, cardiovascular risk factors such as plasma lipid profiles and blood pressure (BP), and Rho-associated kinase (ROCK) activity. Twenty patients (mean age, 62.5 years) with stable angina pectoris were given KRG (2.7 g/day) and a placebo alternatively for 10 weeks. Blood biochemical analysis and pulse wave velocity (PWV) recording were performed on day 0 and after the completion of each treatment. ROCK activity was assessed based on the level of phospho-$Thr^{853}$ in the myosin-binding subunit of myosin light chain phosphatase, determined by Western blot analysis of peripheral blood mononuclear cells. KRG significantly decreased the systolic BP, brachial ankle PWV, and heart femoral PWV in the patients (all p<0.05), but did not significantly alter the serum lipid profiles, including triglycerides and total, high-density lipoprotein, and low-density lipoprotein cholesterol levels. The ROCK activity tended to decrease (p=0.068) following KRG treatment. The placebo did not significantly alter any of the variables. In conclusion, KRG decreased systolic BP and arterial stiffness, probably via the inhibition of ROCK activity, in patients with CAD, but had a neutral effect on serum lipid profiles. Our data suggest that KRG has a therapeutic effect on CAD.

A Manpower Forecasting Regression Model for Apartment House Construction Project based on the Historical Data (실적자료 분석을 통한 공동주택공사 노무량 예측 회귀모델)

  • Son, Yong-Seok;Shim, In-Bo;Kwon, Jae-Sung;Jeon, Sang-Hoon;Hyun, Chang-Taek;Koo, Kyo-Jin
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.5
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    • pp.85-93
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    • 2006
  • This study is started from a situation of korean construction which has been undergoing diversity. And risk of construction project has been increased recently. The purpose of this study is to propose the model which is able to estimate the proper manpower by eliciting the variable which is offered in the pre-design and construction phase. The existing method of estimate has a problem with calculating exact costs. For this model, it was analyzed the existing manpower estimating model and used historical data of 38 apartment houses, constructed from 2000 to now. Based on these, the regression model of the construction manpower was built. And then the regression model was verified. The result of verification was relatively adequate in the statistics exept for some cases. This regression model will help make it possible for constructor to estimate the deduction of retirement more accurate than existing method.

A Study on the Effect and Improvement Direction of the Credit Rating of Large Construction Firms by the Reinforced Real Estate Regulations and the Raising of the Base Rate (정부 부동산규제 강화와 기준금리 인상이 대형건설사 신용등급에 미치는 영향과 개선방향에 관한 연구)

  • Lee, YunHong
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.1
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    • pp.90-102
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    • 2018
  • In preparation of the increase in the domestic debts and the rise in the US interest rate, the Korean government has started to strengthen the regulation on the property market since 2017. So, it is likely that the sales in the domestic construction market would be decreased. Even in the overseas plant projects market, as there has been the continuous increase in the cost and the resulting increase in the losses, it looks hard for the large construction companies to keep their credit ratings as they are now. This study is designed to check Korean government's property policy and any possible problems caused by the overseas and domestic economic environment, which include the property market policy, interest rate, rise in the property price and lackluster sales in housing market. It showed the change in the credit ratings by finding out the sales, work capability, sales in non-governmental projects, operating profits and PF contingency liabilities. For this study, the questionnaires were sent to 30 practical experts to analyze the effect of the risk factor on the outside credit rating of large construction companies.

The Development of Functional Foods Containing Cordyceps militaris

  • Lee, Tae Ho
    • 한국균학회소식:학술대회논문집
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    • 2016.05a
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    • pp.39-39
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    • 2016
  • There is a growing consumer preference for self-medication, which has resulted in the growth of the Korean functional food market to \1.5 trillion in 2014. Functional foods that can modulate immune responses and enhance liver health are in the top 2 product-specific health functional food categories. The aim of this project was to develop and commercialize new health functional foods incorporated with Cordyceps militaris. Cordyceps genus includes about 400 species, many of which have been used as traditional medicines for many years in Asian countries. C. militaris belongs to the class Ascomycetes and has been used extensively as a crude drug and tonic food in East Asia. Owing to the various physiological activities of its main active constituent, cordyceptin, C. militaris is currently being used for multiple medicinal purposes. Recently, many studies have tried to elucidate the pharmacological mechanisms underlying the activities of Cordyceps spp., which include immune activation, anti-inflammatory, anticancer, and antiviral effects. After continuous attempts and research toward industrialization, C. militaris cultivated using brown rice was developed into a product by a standardized process and mass-cultivating system. It was successfully introduced into the market and was approved as a functional food ingredient for the first time in Korea. Based on this information, C. militaris containing functional food product for strengthening the immune system was released in August 2014 under the brand name "Dongchoong Ilgi." Dongchoong Ilgi is potentially beneficial for improving immune and liver functions and may enhance both the convenience and effectiveness of health functional foods taken by healthy people and patients with minor illness. In addition, the results of our study may be applicable for the development of health functional foods that could lower the risk of diseases such as the common cold and cancer.

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Development of the Design Management Guidelines to Enhance the Capability of Public Clients (공공 발주자 역량 향상을 위한 설계관리 지침서 및 절차서 개발)

  • Shin, Kyoo-Chul;Park, Hyung-Keun;Lee, Young-Ho;Kwak, Jun-Hwan
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.2
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    • pp.143-151
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    • 2011
  • The process of design management by public client has not performed effectively due to lack of the formal guidelines and procedures in domestic public projects. The purpose of this research is to develop the guidelines and procedures of design management for public clients. The research methodology is to analyze current status of design management process in domestic and overseas cases and to develop the guidelines based on the administrative stages of design process along the project. The guidelines of design management developed by the design stages of pre-contract, contract, and post-contract stages to classify administrative procedures. The outcome of this research is able to be utilized by the public clients and design firms to standardize the process of design management and minimize potential risk during the process of the project.

An analysis on the propriety of pilot project and the Management Performance in Korea's new technology adaptation Farming (신기술 수용농가의 시범사업 타당성 및 경영성과 분석)

  • Kim, Yean-Jung;Han, Hye-Sung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.9
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    • pp.5859-5864
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    • 2015
  • The purpose of this study is to analyze the outcomes of experts' survey for Cultivation techniques of good seed bulb in garlics program, purpose of introduction, and performance analysis this program. As a result of survey on new technology adoption to be cultivated in cultivation techniques of good seed bulb in garlics, technique satisfaction scored the highest with 4.3 points whereas innovation scored 4.21 points. On the other hand, risk scored the lowest with 2.53 points. Also, using BMO model business attractiveness and business fit scored 44 points, 45points respectively. Thus, the project rate of success were analyzed by more than 80 per cent. Finally, the management performance is analyzed on the garlic farms by selecting the highest awareness collected. As a result of effects after new technology adoption, 43% of the surveyees stated that the relative management costs dramatically decreased, and increase in production.

Research on the Solution of Non-permanence Problem of Forest Carbon Offset Project Focused on the Introduction of Buffer System (산림 탄소상쇄 사업의 비영속성 처리 방안 -버퍼 제도의 도입을 중심으로-)

  • Cha, Junhee;Lee, Jong-Hak;Han, Kijoo;Bae, Jae Soo;Seol, Mihyun;Joo, Rin-Won
    • Journal of Korean Society of Forest Science
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    • v.101 no.1
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    • pp.83-90
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    • 2012
  • Forests as carbon sinks and sources, play an important role in mitigating global climate change. Nonpermanence problem of forest carbon offset projects should be addressed practically and properly for obtaining credible forest carbon credits. This study aims to analyze major non-permanence approaches and their applicability for Korean forest carbon offset projects. Introduction of the buffer system, one of the most generally used non-permanence approaches, should be considered first for domestic forest carbon offset schemes. From the research survey, experts preferred the buffer system to other approaches such as forest certification, conservation easement, and longer conservation period. Standard development including a buffer system with a risk assessment tool is required to assure project participation and permanence of carbon credits.