• Title/Summary/Keyword: Property Management

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Construction Cost Segregation Process using Building Information Modeling

  • Zhou, Rong;Li, Huimin;Zhang, Chengyi;Lv, Lelin;Tian, Junrui;Cakir, Sevilay Demirkesen
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.1106-1113
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    • 2022
  • Cost segregation helps reduce tax liabilities by reclassifying real property to personal property and accelerates tax depreciation of a property. A typical cost segregation study requires much time and high costs. This study proposed a BIM integrated cost segregation process that can be applied to any commercial building project. The proposed BIM-based cost segregation process was verified in a new commercial construction project. It approved that this approach can: (1) increase the cash flow for the owner and provide assistance to tax-paying enterprises; (2) enable the contractor to use it as an added value in the bidding process; (3) realize data sharing in a common platform to improve the cost segregation study efficiency and reduce costs and errors; (4) contribute to the asset management in the life cycle of buildings while filling in the blank of cost segregation process. Future studies will focus on the automation of cost segregation and asset management in building construction's life cycle.

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Performance and Asset Management System of Listed Property Trusts in Australia: Implications for Korean Real Estate Indirect Investment Market (호주 Listed Property Trusts의 성과와 자산관리 특성 분석: 우리나라 부동산간접투자에의 시사점)

  • Park, Won-Seok
    • Journal of the Economic Geographical Society of Korea
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    • v.10 no.3
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    • pp.245-262
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    • 2007
  • This paper aims at analyzing the characteristics of performance and asset management system of listed property trusts(LPT) in Australia, and elucidating the implications for Korean real estate indirect investment market. The main results of this paper are as follows. Firstly, LPT have a leading position among the real estate indirect investment systems in Australia, through the rapid growth of market capitalization. Secondly, LPT achieved superior risk adjustment performance than other financial products, and had valid portfolio diversification effect. Thirdly, many LPT have used stapled securities structure as a asset management system, and stapled LPT revealed superior risk adjustment performance than unit LPT. Finally, implications and policy measures such as using the stapled structure and activating the development activities were examined for the development of Korean real estate indirect investment market.

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A Study on Development of Integrated Management System for BIM Property Information (BIM 라이브러리 속성정보 통합관리 체계 개발에 관한 연구)

  • Shin, Jihye;Choi, Jungsik;Kim, Inhan;Yoon, Dooyoung
    • Korean Journal of Computational Design and Engineering
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    • v.21 no.2
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    • pp.130-142
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    • 2016
  • BIM library, as a systematic collection of BIM objects where the building information is stored, is a vital factor to construct the BIM based work environment. However, construction business is faced the problems relating BIM library such as the absence of the standard for establishing BIM library, the discontinuity of BIM library's compatibility and the lack of practice applicable BIM library. These problems cause the decreasing work efficiency and the recreating BIM model, by delivering inefficient information required in each stage and application field. The purpose of this study is to suggest the integrated management system for property information of BIM library in order to minimize the reworking and to manage information of each stage and application field when exchanging and sharing information. To achieve this, the BIM information classification, the criteria of property requirements for information exchange in BIM application field and the BIM library management system are developed. This study could contributes to ensuring the reliability and accuracy of results of BIM based analysis and to enhancing the speed of business process with sharing and exchanging building information utilizing a single BIM model.

Grope for a summary program about intellectual property protection of traditional knowledge(TK) etc. discussed in WIPO (WIPO의 전통지식 등의 지재권 설정 논의에 관한 개략적 방안 모색)

  • Lee, Je-Hyun;Kim, Yong-Jin;Choi, Hwan-Soo
    • Journal of Haehwa Medicine
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    • v.12 no.2
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    • pp.227-234
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    • 2004
  • The international government committee is progressing their agreements about intellectual property protection of traditional knowledge(TK), gene resource(GR), folklore(FL) in WIPO. It is in the course of selection with precedence of TK, GR, FL in WIPO, focused on discussions about listing of TK documents, standardization of DB construction, sharing and profit distribution of GR. There are disagreements between developed countries and developing countries about intellectual property protection agreements of TK, GR. The developed countries insist on using the existing intellectual property protection, but the developing countries ask new ones on character of TK, GR. It causes intangible assets to be valuable trade properties in future world trade. This research Groped for a summary program about intellectual property protection of traditional knowledge(TK) etc. debating in WIPO. This program confirms that such as TK, GR etc. not only to be the cultural property accumulated in human history, but also to be the original resource may be using at present. Therefore, we suggest that the focus of discussion should transfer to UNESCO instead of WIPO which only deal with the intellectual property protection. Besides, the main body which protecting and supporting TK should become its holding organization so as to achieve more effective management about it. In order to protect and support TK, the government should have firstly the recognition that TK is the property belongs to the country. By this viewpoint, it needs to setup DB through overall excavation of the unofficial knowledges in order to protect and support these TK, GR. Because the positive dealing with those WIPO's discussion means to support our TK, GR, so there should have some reorganization about existing related ones, and also needs systemic supporting policies & management' system.

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DavSUDP: A Simple Protocol for Utilizing WebDAV User-defined Properties (DavSUDP: 웹데브 사용자 정의 속성의 활성화를 위한 단순 프로토콜)

  • Jung Hye-Young;Ahn Geon-Tae;Yu Yang-Woo;Park Yang-Soo;Lee Myung-Joon
    • The KIPS Transactions:PartC
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    • v.12C no.1 s.97
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    • pp.129-136
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    • 2005
  • WebDAV extends the web communication protocol HTTP/1.1 to provide a distributed authoring and versioning across the Internet. A property management, the principal ability of WebDAV, has many advantages for managing and utilizing additional information of server resources as well as supports a role of storage. Most WebDAV Application systems currently available are using WebDAV for providing simple storage space, not for the functionality of property management. However, to develop an advanced application such as a collaborative system based on WebDAV, it is very important to design and utilize user-defined WebDAV properties. In this paper, we propose DavSUDP(WebDAV Simple User-defined Property Definition Protocol) that describes XML-based configurations representing WebDAV user-defined properties and their processing steps. DavSUDP enables WebDAV servers to effectively manage user-defined properties in developing WebDAV-based applications. To show this, we extended the Apache mod_dav module to support DavSVDP and developed the OpenSpace in the iPlace collaborative system using the extended Apache web server.

Extending a WebDAV Protocol to Efficiently Support the Management of User Properties (사용자 속성 관리의 효율적 지원을 위한 WebDAV 프로토콜의 확장)

  • Jung Hye-Young;Kim Dong-Ho;Ahn Geon-Tae;Lee Myung-Joon
    • The KIPS Transactions:PartC
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    • v.12C no.7 s.103
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    • pp.1057-1066
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    • 2005
  • WebDAV(Web-based Distributed Authoring and Versioning), a protocol which supports web-based distributed authoring and versioning, provides a standard infrastructure for asynchronous collaboration on various contents through the Internet. A WebDAV property management is a function to set and manage the main information of the resources as properties, and a user property, one kind of the WebDAV properties, has the ability to be freely defined by users. This free definition of user property makes it very useful to develop web-based applications like a collaboration system based on WebDAV However, with an existing WebDAV property management scheme, there is a limit to develop various applications. This paper describes a DavUP(WebDAV User property design Protocol) protocol which extended the original WebDAV and its uti-lization which efficiently supports management of WebDAV user properties. DavUP needs the definition of the collection structure and type definition properties for an application. To do this, we added a new header md appropriated WebDAV method functions to the WebDAV protocol. To show the usefulness of DavUP protocols, we extended our DAVinci WebDAV server to support DavUP Protocols and experimentally implemented a general Open Workspace, which provides effective functions to share and exchange open data among general users, on the DAVinci.

Collective Forest Management System in Japan: a Case Study in Osawa Property Ward Forest

  • De Zoysa, Mangala Premakumara;Inoue, Makoto;Yamashita, Utako;Hironori, Okuda
    • Journal of Forest and Environmental Science
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    • v.29 no.1
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    • pp.58-70
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    • 2013
  • Iriai an Indigenous forest management system in Japan from the viewpoint of "common pool resources" was a success resilient institution and resulted with sustainable production system and environmental conservation. This study was conducted in Osawa of the Nagano prefecture through group discussions, field observations and an in-depth field survey. Osawa Property Ward Forest is managed under the concept very much similarly to traditional "Iriai". This study firstly examined the changes of collective forest management system in terms of awareness and interest in forest management; forest management activities; role of forest; and collection of forest products. Then it analyzed the current threats for collective forest management have been identified as: land abandonment due to loss of benefits and lack of active community participation; deterioration of forest environment particularly the micro-climate and aesthetic values; conflict with local government authorities restraining the use of money in property ward forest and conflict with outsiders on damping of the garbage. Community cantered forestry management rules; livelihood contribution; protection of environment; local initiatives for protection and economic activities are the prevailing opportunities for collective forest management. The main requirements for revitalization of collective forest management are explained as local reciprocity; imposition of community based forest rules; encouraging local innovations; and building partnerships with stakeholders. Collective forest management system addresses the limitations of conventional forestry models, which had invalidated traditional 'iriai' institutions, and key to restoring sustainable use of forest and environmental resources. Cross-institutional collaborations together with responsibilities of local communities would ensure the revitalization of forest resources.

A Study on the Property Planning Process for the Highest and Best Use Development (건축물의 최유효 개발계획 수립을 위한 기획업무 절차에 관한 연구)

  • Kim, So-Yon;Park, Young-Ki
    • KIEAE Journal
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    • v.7 no.5
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    • pp.115-120
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    • 2007
  • The purpose of the study is to establish a concept of property development planning process and factors by analyzing the several case studies, which prior proposed the highest and best use development of property. The value of property is dependent on the circumstances and the timing. Real property development is essential to develop in the highest and the best. The prior concepts of the highest and best use focused on the real estate appraisal, but these studies aroused an interest that related the highest and best use concept as a determinant of property development. As a results, this study suggests the process and the check points of property development planning phase. The first step is having a thorough grasp of the status of property. The Second step is the circumstantial analysis including legal restriction, locational environment, real estate market and economic conditions. The next step is, in accordance with these analysis, setting up the development concept and alternatives. Through the feasibility studies, we can make a choice the highest and best use development plan. In these days, the importance of development strategies such as design exceptionality and plan management are increased. Therefore, the integrated plan for the property development is very important.

Analysis of Economic Effects and Basic Theoretical Frameworks of ITQ Fishery Management - Focusing on the Red Crab Trap Fishery - (ITQ 어업관리의 기본이론과 경제적 효과분석 - 붉은대게어업을 중심으로 -)

  • Lee Sang-Go;Lee Yong-Soo
    • The Journal of Fisheries Business Administration
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    • v.36 no.3 s.69
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    • pp.119-139
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    • 2005
  • The purpose of this paper is to provide information that will help both fishing industry and fisheries authority understand the principals of individual transferable quota(ITQ) fishery management. Theoretical frameworks and primary features of ITQ fishery managemenet are the assignment of exclusive property rights for harvest of common - property fisheries resources. An ITQ fishery management is fundamentally different from the conventional fishery management and it gives an individual fisherman the right to catch a specified quantity of fish, his quota. With ITQ, fisherman's quotas are transferable, in whole or in part. An ITQ is a property with certain rights of use, namely, the right to catch a given quantity and species of fish in a specific location during a specific period of time. The right is exclusive in the sense that no one else has the right to use the quota without the owner's permission. The property may be assigned, traded, and exchanged; i.e., the owner has the right to transfer an ownership to others. An ITQ fishery management leads to both economic efficiency and resource conservation. Motivations to overexploit stocks and to overcapitalize should be lessened because fishermen no longer have to compete for limited resources. There are significant positive net benefits and advantages with ITQ fishery management than without. The potential benefits and advantages of ITQ fishery management include increased profits, economic stability, improved product quality, safer working conditions, less gear conflict, elimination of the race - to - fish phenomenon, less by - catch, less gear loss, improved investment climate, mitigation of market gluts, waste reduction, addition to fisherman's wealth, and compensation for fisherman exiting the fishery. As an independent observe to Red Crab Trap Fishery some of the benefits, problems, and effects, an ITQ fishery management in Red Crab Trap Fishery is still far from to be implemented. Many different and difficult aspects (biological, socioeconomics, administrative) are involved considering the implementation of ITQ fishery management in Red Crab Trap Fishery. Among other fishery management tools, the implementation of ITQ fishery management in Red Crab Trap Fishery is considered to be the best in achieving the better conservation of fisheries resources and their more economic and rational exploitation. Korean fisheries authority should pay great attention to the experience of the economic effects of the ITQ fishery management in Red Crab Trap Fishery in the hope of being able to implement at least some of those experiences into the Korean fishery management.

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