• Journal of the Korea Safety Management & Science
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• v.14 no.4
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• pp.193-203
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• 2012

In the limitless competition era of the 21st century, cost reduction is being highlighted as one of survival strategies of businesses. The first item for cost reduction of businesses is logistical costs. The most keenly required thing for this is to remove unnecessary elements, and the best way to realize it to cut down processes using automatic facilities. Packing container in logistics is like a facility. This study is intended to analyze reduction of costs, improvement of business process and reduction of working force through standardization of standardization, and logistics effects through improvement of environmental images in enterprises.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.4 no.4
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• pp.45-70
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• 2009

This article investigates which types of the strategies announced by the listed firms contribute to enhancing the long-term performance of the companies. Since 2002, Korean Exchange adopted the "faire disclosure policy" which mandates that all publicly traded companies must disclose material information to all investors at the same time. Thanks to the policy, Korean investors can, now, easily access the board's decision on management strategies on the same day the decision is made. If the companies trustfully carry out their announced strategies, we can decide which types of strategies actually enhance or deteriorate the long-term performance, simply by comparing the announced strategies and the firm's performance. The sample companies are confined to 60 firms that became listed in the KOSDAQ market through back-door listing from 2003 to 2005. Using only the newly listed companies, we can avoid the interference on the long-term performance of the strategies pursued before the event date. This often holds true, for many companies radically modify their strategies after the listing. Furthermore, the back-door listing companies serve our purpose better than IPO companies do, because the former tend to have a variety of announcement within a given period of time beginning the listing date. Using these sample companies, this article analyzes the effect on one year buy-and-hold returns and abnormal buy-and-hold returns after the listing of the various types of strategies announced during the same period of time. The results show that those evidences of restructuring such as 'reduction of capital' and 'resignation of incumbent board members', actually contribute to the increase in adjusted long-term stock returns. Those strategies which can be view as evidence of new investment such as 'increase in tangible assets', 'acquisition of other companies', do also helps the stockholders better off. On the contrary, 'increase in bank loans', 'changes of CEO' and 'merger' deteriorate the equity value. The last findings let us to presume that the back-door listing companies appear to use the bank loans for value-reducing activities; the change in CEO is not a sign of restructuring, but rather a sign of failure of the restructuring; another merger carried out after back-door listing itself is also value-reducing activity. This article's findings on reduction of capital, merger and bank loans oppose the results of the former empirical studies which analyze only the short-term effect on stock price. Therefore, more long-term performance studies on public disclosures are in order.

• Journal of Environmental Policy
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• v.14 no.1
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• pp.33-52
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• 2015

The purpose of this paper is to analyze the sector-specific greenhouse gas reduction implementation strategies priority using the multi-criteria analysis methods (AHP and Feedback ANP). Our analysis demonstrates that the highest priority among the evaluation criteria is given to the feasibility compared to the efficiency and the effectiveness in most of the sectors. In the public and the building sectors, it has been found that the governmental driving force is absolutely crucial in technological dissemination and diffusion. The results and the main findings are as follows. Firstly, the priority of the policy evaluation criteria has been changed by analysis methods. Secondly, the total weight and the priority of each sector's alternatives also have been changed. Finally, the priority of the alternatives for criteria has been changed by the analysis methods.

• Proceedings of the SAREK Conference
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• 2007.06a
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• pp.100-100
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• 2007

• Journal of Korean Society on Water Environment
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• v.29 no.1
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• pp.45-54
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• 2013

This study analyzes the reduction effects of runoff and flood damage through different arrangements of stormwater storage facilities. Three scenarios based on the spatial allocation of storage capacity are used: concentrated, decentralized and combinative. The characteristics of runoff and flood damage by scenario are compared. The XP-SWMM model is used for runoff simulation by the probable rainfall of return period. The result shows that the concentrated arrangement of storage facilities is most effective to reduce the amount of peak flow and to delay the time of peak flow. Yet, while the concentrated arrangement is most effective to reduce the inundation damage, it is not effective to reduce runoff volume. The decentralized arrangement is most effective to reduce runoff volume. The combinative arrangement is effective not only the runoff reduction but also the reduction of flood damage. The result indicates that the flood mitigation strategies against heavy rainfall need to consider decentralized on-site arrangement for the reduction of runoff volume along with concentrated off-site arrangement of storage facilities.

• Journal of Environmental Impact Assessment
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• v.8 no.1
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• pp.29-40
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• 1999

This study focuses on one of typical energy-intensive industries, the cement industry. The purpose of the study is to propose $SO_2$ emission reduction measures in the cement industry. This study partially employed and modified AIM(Asia-Pacific Integrated Model) developed by Japan National Environmental Research Institute to develop AIM/KOREA SULFUR model for simulation. In the study, a base scenario, and mitigation scenarios(a use of low-sulfur contain fuel, fuel conversion to cleaner energy, an induction of desulfurization systems, and energy saving) were employed. The results of the simulation are summarized below: The sulphur dioxide emission from the cement industry in 1992 was estimated to be 106,000 metric tons; however, according to base scenario, sulphur dioxide emission is expected to be increased to 219,000 metric tons, which is 2.1 times greater than that in 1992 by year 2020. To alleviate such increasement, simulation results under various scenarios proved that some degrees of reduction may be possible by an induction of desulfulization systems although there may be numerous ways to interpretate the simulation results.

• KIEAE Journal
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• v.17 no.3
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• pp.113-118
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• 2017

Purpose: This study amis at proposing strategies on the basis of BIM techniques to promote the spread of industrialized wooden buildings for implementation of sustainable architecture. Method: We employed social network analysis (SNA) technique to identify the mutual influences among factors that hinder popularization of new Hanok as the industrialized wooden building. Four strategies were established to reduce the factors with serious influences on each category and stakeholder using BIM techniques. Result: it was demonstrated that the problems occurred in spreading new Hanoks can be reduced by changing the influence structure of social network according to the proposed strategies.

• Earthquakes and Structures
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• v.9 no.6
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• pp.1337-1353
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• 2015

Seismic upgrading of existing structures is a technical and social issue aimed at risk reduction. Sustainable design is one of the most important challenges in any structural project. Nowadays, many retrofit strategies are feasible and several traditional and innovative options are available to engineers. Basically, the design strategy can lead to increase structural ductility, strength, or both of them, but also stiffness regulation and supplemental damping are possible strategies to reduce seismic vulnerability. Each design solution has different technical and economical performances. In this paper, four different design solutions are presented for the retrofit of an existing RC frame with poor concrete quality and inadequate reinforcement detailing. The considered solutions are based on FRP wrapping of the existing structural elements or alternatively on new RC shear walls introduction. This paper shows the comparison among the considered design strategies in order to select the suitable solution, which reaches the compromise between the obtained safety level and costs during the life-cycle of the building. Each solution is worked out by considering three different levels of seismic demand. The structural capacity of the considered retrofit solutions is assessed with nonlinear static analysis and the seismic performance is evaluated with the capacity spectrum method.

• Journal of Animal Science and Technology
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• v.61 no.3
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• pp.122-137
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• 2019

Methane, one of the important greenhouse gas, has a higher global warming potential than that of carbon dioxide. Agriculture, especially livestock, is considered as the biggest sector in producing anthropogenic methane. Among livestock, ruminants are the highest emitters of enteric methane. Methanogenesis, a continuous process in the rumen, carried out by archaea either with a hydrogenotrophic pathway that converts hydrogen and carbon dioxide to methane or with methylotrophic pathway, which the substrate for methanogenesis is methyl groups. For accurate estimation of methane from ruminants, three methods have been successfully used in various experiments under different environmental conditions such as respiration chamber, sulfur hexafluoride tracer technique, and the automated head-chamber or GreenFeed system. Methane production and emission from ruminants are increasing day by day with an increase of ruminants which help to meet up the nutrient demands of the increasing human population throughout the world. Several mitigation strategies have been taken separately for methane abatement from ruminant productions such as animal intervention, diet selection, dietary feed additives, probiotics, defaunation, supplementation of fats, oils, organic acids, plant secondary metabolites, etc. However, sustainable mitigation strategies are not established yet. A cumulative approach of accurate enteric methane measurement and existing mitigation strategies with more focusing on the biological reduction of methane emission by direct-fed microbials could be the sustainable methane mitigation approaches.

• Asia-Pacific Journal of Business
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• v.13 no.2
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• pp.123-138
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• 2022

Purpose - This study compares the performances of dynamic asset allocation strategies using Korean stocks and U.S. dollar, which have been negatively correlated for a long time, to examine the diversification effects in the portfolios of them. Design/methodology/approach - In the current study, we use KOSPI200 index, as a proxy of the aggregated portfolio of Korean stocks, and USDKRW foreign exchange rate to implement various portfolio management strategies. We consider the equally-weighted, risk-parity, minimum variance, most diversified, and growth optimal portfolios for comparison. Findings - We first find the enhancement of risk adjusted returns due to risk reduction rather than return increasement for all the portfolios of consideration. Second, the enhancement is more pronounced for the trading strategies using correlations as well as volatilities compared to those using volatilities only. Third, the diversification effect has become stronger after the global financial crisis in 2008. Lastly, we find that the performance of the growth optimal portfolio can be improved by utilizing the well-known momentum phenomenon in stock markets to select the length of the sample period to estimate the expected return. Research implications or Originality - This study shows the potential benefits of adding the U.S. dollar to the portfolios of Korean stocks. The current study is the first to investigate the portfolio of Korean stocks and U.S. dollar from investment perspective.