• Journal of Korea Technology Innovation Society
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• v.20 no.1
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• pp.239-270
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• 2017

This paper examines the relationship between ownership structure and the intensity of R&D expenditures of a firm by analyzing the panel data composed of 553 manufacturing firms in KSE(Korea Stock Exchange) and KOSDAQ listed firms for the period of 2007-2014. The major findings are as follows; (1) Regarding the relationship between CEO stockholding and R&D intensity, we find the inverted-U shape relationship in KOSDAQ firms, consistent with the theoretical discussion and empirical studies on U.S. firms. The result suggests that management stockholding reduces agency problem at the R&D margin. On the contrary, the insignificant result in KSE firms seems to be due to the scant stockholding of most 'non-owner' CEOs. (2) Regarding the relationship between the largest shareholder's portion and R&D intensity, KSE firms exhibit negatively significant relationship, suggesting the existence of serious agency problem between the largest shareholder and the minor shareholders. This agency problem seems to be alleviated in KOSDAQ firms mainly because the founders with technology expertise are still in charge of the business. (3) Foreign investors seem to fail in effectively encouraging R&D expenditures in either KSE or KOSDAQ listed firms. This study contributes to the existing literature by showing for the first time that ownership structure affects R&D activities in different ways between KSE and KOSDAQ firms.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.10
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• pp.153-162
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• 2017

Weapon systems have been developed with high technology electronic equipment due to technology growth. In addition, the capital, operational and maintenance costs of weapon systems have all increased. However, cost of operation and maintenance for weapon systems has been decreased relatively compared to the increased capital cost of weapon systems. Therefore, the defense industry needs to research the life cycle cost of weapon systems that have high operational and maintenance costs. This paper focuses on maintenance equipment for the operation and maintenance of weapon systems. Recently, it seems that the weapon systems that have periodic calibration with maintenance equipment are valid. The equipment requires periodic calibration by the manufacturer to check its own validation. Basically, customers demand high reliability devices from foreign companies that have qualified in the global market. Therefore, the tools need to be calibrated overseas. In other words, weapon systems are not available when the equipment has to be calibrated overseas because the systems require validation with valid maintenance equipment. A purpose of this paper is to compare the loss costs that arise from the calibration of the equipment overseas and the purchasing cost of the tools. Finally, the research shows the number of equipment that customers need to minimize the cost. This research will help to improve the efficiency of operation of weapon systems and solve the problems associated with the need for maintenance overseas.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.29 no.3
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• pp.135-142
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• 2006

Engineers are always concerned with life cycle costs for making important economic decisions through engineering action like reliability of products. Decisions during the reliability growth development of products involve trade-offs between invested costs and its returns. In order to find minimal LCC containing the reliability improvement cost, production cost, repair and replacement costs, and holding cost of spare parts for failure items we suggest in this paper relationship between development cost and sustaining cost in values of growth parameter $\beta$ of AMSAA model. This model is applied to the reliability growth program based on AMSAA model during R&D phase, the warranty activities of items and the block replacement policy for maintenance of items in avionic equipment.

• Journal of Biosystems Engineering
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• v.19 no.3
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• pp.258-273
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• 1994

In this study, an expert system named ESMEF (Expert System for Mechanized Entrusted Farming) was developed. The function of ESMEF is to provide the various data and informations for entrusted farming such as farm machinery management data, mechanization systems by farm sizes, number of units and sizes of machinery needed, machinery replacement analysis, mechanization costs analysis. Mechanization systems were selected by ESMEF for different farming sizes of Chungnam Province and an economic analysis was conducted as an example. The results showed that the farm machinery purchasing costs were 1,344~4,829 thousand won per ha and there was no significant difference for farm sizes above 60 ha. The total annual machinery costs were 3,595~4,537 thousand won per ha, and a minimum cost was appeared for farm size of l00ha at first. According to this analysis, an optimum entrusted farming size would be 100ha by the present available farm machinery systems.

• The Plant Pathology Journal
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• v.18 no.3
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• pp.147-151
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• 2002

Seven fungicides were compared for the control of downy mildew on midge gourd. All treatments had significantly lower rates of disease progress curves and disease severity levels than that of the control. The highest yields were obtained from crops treated with metalaxyl + mancozeb, fosetyl-Al, and chlorothalonil. These treatments also proved to be the most economical considering the treatment costs.

• Journal of Korean Society for Quality Management
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• v.42 no.3
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• pp.477-496
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• 2014

Purpose: This paper has examined the impact of open innovation business model in technology commercialization with the data from 30 companies of manufacturing firms in South Korea. Methods: The findings provide support for distinguishing five hypotheses relating to development time, IP management, sales, firm size and R&D intensity. To test the hypotheses, data were collected using via e-mail and fax. Small and medium-sized (less than 300 employees) and large industrial firms were chosen for this study. Results: The result shows that openness in its business model is positively associated with successful technology commercialization. Conclusion: The major findings and the implications are: First, as the business model gets more open, development period of technology will be more favorable which gets benefit from rising costs of innovation. Second, as the business model gets more open, large portion of sales are created from new products. Thus, the problem of shorter product life in the market which affects large portion of market revenue can be solved through an open business model. Third, in general, R&D intensity, firm size and the level of IP management affect determination of business model types. The findings also suggest that companies need to increasingly address their external technology exploitation process instead of focusing on their internal innovation processes.

• Journal of Advanced Navigation Technology
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• v.20 no.6
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• pp.519-527
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• 2016

The present study is concept research on the operation cost management of shipping firms, especially considering technology for economical ship operation of existing ships in units of voyage. The factors that influence economical ship operation management were identified by analyzing the current status of the shipping industry, the development of economical ship operation technologies, technological requirements, and the cost factors of ship operation. Economical operation of existing ships, especially, the economical operation of the units of each voyage, may minimize fuel cost and port charges. This requires low-load streaming cruise control, ballast control, optimal trim, optimal routing, terminal work efficiency improvement, and ship energy management. Optimal routing and terminal work efficiency improvement manage the time saved. To determine the low-load streaming, cruise control, ballast control, optimal trim and ship energy management are meeting the recommendations.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.19 no.1
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• pp.119-133
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• 2024

As a result of significant investments by the government in promoting public technology commercialization and fostering a venture startup ecosystem, there have been quantitative achievements, such as the registration of over 1,600 Innopolis Start-ups since 2006, generating a total revenue of 1.1 trillion won as of 2021. However, these achievements have been overshadowed by critical qualitative challenges, including a continuous decline in average revenue per Innopolis Start-up. This led to a focus on whether managers' technological and market orientations affect business performance. This study aims to provide insights into improving the qualitative growth of Innopolis Start-ups by analyzing the effects of technological and market orientations on business performance, as well as the moderating effects of adjusting marketing and research and development (R&D) costs on this relationship. Through prior research and empirical analysis, this study derives three main findings. First, technological excellence and innovation significantly influence the business performance of Innopolis Start-ups, while technological intensity does not. Second, customer orientation and competitive orientation significantly impact business performance, whereas entry barriers as a single factor do not. Third, adjusting marketing and R&D costs, as controlled variables obtained through general situations, has no direct impact on other variables. However, it interacts with entry barriers, influencing financial business performance, with R&D costs exhibiting a negative buffering effect and marketing costs showing a positive enhancing effect. This study confirms that both technological and market orientations directly influence the business performance of Innopolis Start-ups, thus being crucial factors affecting their growth. Moreover, it establishes that investments in marketing and R&D play significant roles in alleviating initial entry barriers and enhancing financial performance. Consequently, it underscores the importance of reinforcing technological and market orientations tailored to the characteristics of Innopolis Start-ups. Additionally, it proposes five theoretical contributions: strengthening institutional support systems for technology commercialization and innovation, improving qualitative evaluation criteria during the selection process of Innopolis Start-ups, conducting comprehensive analyses of technological and market aspects during startup selection, enhancing support for marketing education and consulting for smooth market entry, and supporting expenditure strategies and milestone setting tailored to the industrial characteristics of individual Innopolis Start-ups.

• Membrane Journal
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• v.23 no.1
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• pp.24-44
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• 2013

The MBR technology has evolved rapidly over the past two decades with significant gains in performance and reliability, and reductions in costs. Membrane bioreactors (MBR) technology is widely recognised as offering a key option for enhanced wastewater treatment or reuse. The objective of this paper is then to critically review the remarkable achievement on the research and commercial applications of membrane bioreactor (MBR) technology and to present current and potential MBR markets on a global scope. This brief review of the technology incorporates five key aspects : 1) evolution of MBR practice, 2) the commercial technologies of MBRs, 3) the largest MBR installations globally (e.g. > $10,000m^3/day$), 4) MBR market growth, and 5) directions for future research. Finally, the development directions of economical, environmental and technical aspects in MBRs; 1) investment costs; 2) effluent water quality; 3) membrane materials and modules; 4) MBR equipment and treatment process; 5) operating costs (higher energy & chemical consumption); and 6) sustainability such as anaerobic MBRs in the coming years were addressed.

• Journal of Distribution Science
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• v.21 no.12
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• pp.1-13
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• 2023

Purpose: the study aims to examine the impact of ICT on the formation of digital hubs in regions of Kazakhstan, specifically the influence of ICT costs on the level of innovation activity of enterprises, the number of its actors as legal entities by size and region, small and medium enterprises, universities and research and development organisations. Research design, data and methodology: the research methodology is based on the collection of secondary data from the official statistical yearbooks of the Bureau of National Statistics of the Republic of Kazakhstan and the use of quantitative methods, in particular, correlation analysis and multiple regression. Five indicators related to the formation of digital hubs in the regions of the country were selected. Results: the study revealed that ICT spending has an impact on the formation of digital hubs in regions, in particular on the development of the number of legitimate enterprises, SMEs and R&D organisations as actors in digital hubs. A positive dynamic in the growth of the number of actors is visible. However, the hypotheses on the impact of ICT costs on the number of universities and the level of innovation activity were not supported. Conclusions: based on the results of the study, recommendations such as government proposals on strategy development, funding projects of innovation and digital hubs, and business proposals on engaging local entities in digital transformation for the formation of digital hubs in the country's regions have been developed.