• Journal of the Korean Operations Research and Management Science Society
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• v.28 no.4
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• pp.115-129
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• 2003

This paper suggests that the profit sharing contract can be Pareto optimal for both supplier and the purchaser. It is shown that Pareto optimal risk sharing contract can be obtained even though the decisions are made in a decentralized manner. The effect of risk attitude of the members of the supply chain is discussed. We examined various aspects of the risk sharing contract such as risk altitude, bargaining power, and cost of information system. The different risk attitude changes the optimal parameters and decision variables. Especially, we proved that, when both the supplier and the purchaser are risk averse, the purchaser orders less quantity than when the one is risk neutral and the other is risk averse. If the fixed cost for the information system is big enough to satisfy a certain condition, it is Pareto optimal not to share the profit and the purchaser takes all the risk even though he is risk averse.

• Information and Communications Magazine
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• v.33 no.6
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• pp.18-26
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• 2016

Network and network functions virtualization (NFV) promise a number of attractive benefits and thus have driven mobile network operators to transform their previously static networks to more dynamic and software-defined networks. In this article, we share a mobile network operator's view based on implementation and deployment experiences in the wild during the past few years towards a software-defined 5G core network. More specifically, we present a practical point of view from mobile network operators and elaborate on why some of the virtualization benefits such as total cost of ownership (TCO) reduction are not easily realized as initially intended. Then, we describe 5G visions, services, and their requirements commonly agreed across mobile operators globally. Given the requirements, we then introduce desirable characteristics of 5G mobile core network and its key enabling technologies.

• International Journal of Internet, Broadcasting and Communication
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• v.9 no.2
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• pp.48-57
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• 2017

In the last few years, banks have experienced more challenging market than any other times. They need to find new ways to reconnect with their customers and rebuild their trust. But in the race to the future some banks are taking clear lead. Research works show that while high perform leading banks are different, they also share some common characteristics and principles that have allowed them to move ahead to profitable growth. Cost cutting is no longer enough to succeed in tomorrow's world. Instead, the IT function needs to work shoulder-to-shoulder with the business to support the growth agenda. Therefore "C" level's attention is moving from cost reduction towards customer experience, speeding to market for new offerings, analytics and distribution channel enhancements, taking advantage of several levers that will shape the technology agenda for the high performing organization. Next generation of digital core-banking solutions will improve pre-existing capabilities, introduce new innovations and drive qualities such as flexibility and scalability to support time to market.

• Journal of Auto-vehicle Safety Association
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• v.15 no.2
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• pp.49-55
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• 2023

In this study, it was analyzed that it is necessary to clarify the quality certification parts system, to make certification codes mandatory for self-certification products that are normally distributed, and to conduct follow-up management so that prompt action and thorough management of test reports are necessary in case of defects. Big data-based data, the detailed number of parts replacement cases, parts cost by part group, share, average labor cost, calculated to analyze the detailed automobile parts industry, and automobile parts certification system and automobile parts market in major countries including Korea and Through the distribution structure analysis, improvement plans for the automobile quality certification parts system were derived.

• The Journal of the Korea institute of electronic communication sciences
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• v.15 no.5
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• pp.791-798
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• 2020

The share of advanced technology in modern weapon systems are gradually increasing, and life cycle of components are shortened due to the rapid speed of technological development. On the other hand, the weapon systems have a characteristic that takes a long time in the requirement stage of weapon to the operation and maintenance stage. Due to inevitably, obsolescence of the main components for parts occurs in the acquisition phase. The obsolescence parts could cause delays in mass production schedules, and further adversely affects operational availability due to poor supply of repair parts during in the maintenance phase. However, business managers are obliged to maximize the performance while minimizing the cost of the total life cycle of the design, production, and operation stages. It is necessary to establish and implement an appropriate components and parts of life cycle management plan. In this research, we analyzed the effectiveness of parts obsolescence management through cost avoidance and total life cycle cost that can be reduced through proper parts obsolescence management.

• Journal of Korea Society of Industrial Information Systems
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• v.23 no.4
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• pp.69-79
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• 2018

We performs the cost-benefit analysis, an economical analysis technique, to measure the effect of a shared public supercomputer. The costs of two given alternatives, to share the public supercomputer in a national center and to employ their own supercomputers in the organizations under the necessity, will be estimated and compared for decision making. In the case of sharing, we can simply predict the cost based on the results of the previous public supercomputer. The cost of individual introduction, however, is almost unpredictable since it has a remarkable variability due to the required system performances, locations, human factor, and so on. Accordingly, an objective and valid method to estimate the cost of individual cases will be proposed in this research. Finally, we analyze the economic effect of operating public supercomputer by comparing the sharing cost with that of the individual employs. The results of analysis confirms that the sharing public supercomputer will reduce the operational cost about 10.3 billion won annually compared with the individual introduction. Accordingly, it is expected that the sharing public supercomputer will bring a considerable economical effect.

• Journal of Environmental Policy
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• v.9 no.2
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• pp.3-19
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• 2010

Anyang-cheon(stream) runs through southern metropolitan area of Seoul to Han-river in Korea. Due to fast growth of Seoul, the water quality and quantity problems in Anyang-cheon have occurred. To cope with the problems, the Integrated Watershed Management program for Anyang-cheon was adopted and a KRW 26.1 billion (USD 21.8 million) pilot project (construction of 4 facilities such as reservoir) is suggested for 4 sub-watersheds of Anyang-cheon, which cost will be shared by the 12 local governments (LG). Three cost division schemes are compared. By Scheme 1, if the cost is borne by the LG in a watershed where the facilities are constructed (no cost division scheme), the LG in I is to bear 0.58% of the total construction cost, LG in watershed II 29.54%, LG in IV 0%, LG in V 69.88%. In particular, LG in IV in this scheme bears no cost because no facility is constructed, even though watershed IV is the major beneficiary of the facility construction. Scheme 2 is to share the cost by length of streams in each sub-watershed and the suggested cost share for each sub-watershed is 13.76% by I, 7.34% by II, 45.87% by IV, and 33.03% by V. However, this cost division scheme is fair only under the false assumption that the bargaining powers of group of LGs are identical. To suggest a better and fair division rule, Shapley Value, a cooperative game solution, is used to suggest Scheme 3. In Scheme 3, Shapley Value measures the summation of average marginal contribution of each player in all possible coalitions as cost division scheme and is known to provide a fair division considering bargaining power. In the context of Anyang-cheon, LGs in upper stream have superior bargaining position. The result suggests the cost division is fair under Scheme 3, when the cost shares are 0.29% by I, 14.77% by II, 50% by IV, and 34.94% by V, respectively.

• Journal of Digital Convergence
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• v.16 no.5
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• pp.137-143
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• 2018

Korea's air passenger traffic has been growing steadily. In this paper, we propose a forecasting model of air passenger demand to ascertain the growth trend of air passenger transportation performance in Korea. We conducted a simulation based on System Dynamics with the demand as a dependent variable, and international oil prices, GDP and exchange rates as exogenous variables. The accuracy of the model was verified using MAPE and $R^2$, and the proposed prediction model was verified as an accurate prediction model. As a result of the demand forecast, it is predicted that the air passenger demand in Korea will continue to grow, and the share of low cost carriers will increase sharply. The addition of the Korean transportation performance of foreign carriers in Korea and the transportation performance of Korean passengers due to the alliance of airlines will provide a more accurate forecast of passenger demand.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.623-635
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• 2021

The purpose of this research is to examine the impact of information risk on the Cost of Equity (COE) and whether the risk of a stock price crash mediates the relation between information risk and COE. To test the dynamic nature of the proposed model, the two-step system GMM dynamic panel estimators are applied to all the non-financial firms listed on the Pakistan Stock Exchange (PSX) from 2007- 2018. The results of this study show that all three types of information risk, as well as the risk of the share price crash, increases the COE. The crash risk strengthens the impact of information risk on the COE. Moreover, these three information risks are correlated with each other and an increase in information quality reduces the effect of asymmetric information and improves the investor interpreting ability, while an increase in private information decreases the transparency. The finding is crucial for asset pricing, portfolio management, and information disclosure. This study contributes to the literature by providing novel findings on the impact of three different types of information risk, i.e. private information, quality of information, and transparency of information on the COE as well as whether crash risk mediates the relationship.

• Nuclear Engineering and Technology
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• v.53 no.4
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• pp.1369-1377
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• 2021

Nowadays, it is necessary to accelerate the construction of new power plant in face of rising energy demand in such a way that the electricity will be generated at the lowest cost while reducing emissions caused by that generation. The expansion planning is one of the most important issues in electricity management. Nuclear energy comes forward with the low-carbon technology and increasing competitiveness to expand the share of generated energy by introducing Gen IV reactors. In this paper, the generation expansion planning of these new Gen reactors is investigated using the WASP software. Iran power grid is selected as a case of study. We present a comparison of the twenty-one year perspective on the future with the development of (1) traditional thermal power plants and Gen II reactors, (2) Gen III + reactors with traditional thermal power plants, (3) Gen IV reactors and traditional thermal power plants, (4) Gen III + reactors and the new generation of the thermal power plant, (5) the new generation of thermal power plants and the Gen IV reactors. The results show that the Gen IV reactors have the most developing among other types of power plants leading to reduce the operating costs and emissions. The obtained results show that the use of new Gen of combined cycle power plant and Gen IV reactors make the emissions and cost to be reduced to 16% and 72% of Gen II NPPs and traditional thermal power plants, respectively.