• KEPCO Journal on Electric Power and Energy
• /
• v.8 no.1
• /
• pp.9-14
• /
• 2022

Social infrastructure facilities such as production, transportation, gas and electricity facilities may experience poor performance depending on time, load, temperature, etc. and may require maintenance, repair and management as they are used. In particular, in the case of transformers, the process of managing them for the purpose of preventing them from failing is necessary because a failure can cause enormous social damage. The management of transformers should consider both technical and economic aspects and strategic aspects at the same time. Thus, it applies the Asset Management concept, which is widely used in the financial industry as an advanced method of transformer management techniques worldwide. In this paper, the operation and power outage data were secured for the asset management of the transformer for distribution, and the asset status was analyzed. Analysis of asset status using actual operation and power outage data is essential for assessing the statistical life and failure rate of the facility. Through this paper, the status of transformer assets for arbitrary A group distribution was analyzed, and the end of life and replacement life were calculated.

• Journal of Navigation and Port Research
• /
• v.48 no.4
• /
• pp.327-334
• /
• 2024

Amidst the burgeoning research on autonomous ships, there has been a marked increase in the development of new systems and equipment for these vessels. This study identifies specific assets and functional requirements essential for managing autonomous ships, and presents a system architecture applicable to conventional and autonomous vessels alike. The recommended fleet asset management system encompasses ship information, maintenance, crew, and operational management. Assets specific to autonomous ships include the MASS rating within ship information, advanced software and hardware for maintenance, and remote operators in the crew management. These asset functions are managed through separate, modular systems that permit easy attachment and detachment, hence ensuring compatibility with both traditional and autonomous ships. Moreover, the system is web-based which facilitates access through an internet environment without necessitating the installation of any program.

• Journal of KIISE:Software and Applications
• /
• v.32 no.8
• /
• pp.693-703
• /
• 2005

Given the local traders with pattern-based multi-predictors of stock prices, we study a method of dynamic asset allocation to maximize the trading performance. To optimize the proportion of asset allocated to each recommendation of the predictors, we design an asset allocation strategy called meta policy in the reinforcement teaming framework. We utilize both the information of each predictor's recommendations and the ratio of the stock fund over the total asset to efficiently describe the state space. The experimental results on Korean stock market show that the trading system with the proposed meta policy outperforms other systems with fixed asset allocation methods. This means that reinforcement learning can bring synergy effects to the decision making problem through exploiting supervised-learned predictors.

• Korean Journal of Construction Engineering and Management
• /
• v.10 no.2
• /
• pp.55-64
• /
• 2009

In many developed countries, social infrastructure asset management has become an important issue for the effective operation and management, performance improvement, and providing better quality services. This paper describes infrastructure asset management practices in Korea and in the developed countries. Learning lessons from those countries and improve the asset management practices in Korea is the main theme of this paper. Considering the definition and basic structure of infrastructure asset management, authors have analyzed main concerns regarding infrastructure management, techniques, organizations (systems), and processes. The requirements and considerations are presented to overcome the limitations of current maintenance system. This paper will assist adopting infrastructure asset management in Korea and provide guide for the infrastructure maintenance.

• Journal of the Economic Geographical Society of Korea
• /
• v.10 no.3
• /
• pp.245-262
• /
• 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.

• Journal of the Society of Disaster Information
• /
• v.10 no.2
• /
• pp.320-334
• /
• 2014

The government policy had placed new construction as the kernel of the investment in the road department. This had been shifted, however, since the government's budget of the road department reached its peak in 2000, new construction had came to a downsizing phase while the maintenance increased gradually. Considering this recent trend, the necessity of a new paradigm in the road policy had came to a fore, in order to prove the justification of increase in the maintenance budget as well as successfully fulfill the user's needs in the service quality. The developed countries that had intensively constructed social infrastructure in 1950-60s are enjoying a great achievement by applying the asset management concept in coping with the deterioration of the public facilities. This research suggests the basic framework in establishing "Korean Road Asset Management System" designed to efficiently manage the national road. The main feature of this system is to absorb economic analysis course into the current pavement management system, in order to form not only long-lasting but also preventive road management policy.

• Proceedings of the Korea Inteligent Information System Society Conference
• /
• 1999.03a
• /
• pp.21-32
• /
• 1999

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.33 no.2
• /
• pp.757-769
• /
• 2013

Intangible assets for construction engineering consulting firms are very important for their valuation, because engineering consulting is typical knowledge-based business which creates value based on technical expertise and human resources. This paper presents the intangible asset classification model based on the concept of value creation in construction engineering consulting firm and proposes intangible asset valuation methodology using System Dynamics and survey data. Utilization of the valuation methodology presented in this paper would increase the public awareness of intangible assets in construction engineering consulting firm and, thus, contribute to the growth of the engineering consulting industry by realistic and accurate valuation of intangible assets.

• International conference on construction engineering and project management
• /
• 2009.05a
• /
• pp.1324-1327
• /
• 2009

Social infrastructure is the basis of public welfare and should be recognized and managed as important assets. Bridge is one of the most important infrastructures to be managed systematically because the impact of the failure is critical. It is essential to monitor the performance of bridges in order to manage them as an asset. But current analytical methods such as predictive modeling and structural analysis are very complicated and difficult to use in practice. To apply these methods, structural and material condition data collection should be performed in each element of bridge. But it is difficult to collect these detailed data in large numbers and various kinds of bridges. Therefore, it is necessary to collect data of major measurement items and predict the life of bridges roughly with advanced information technologies. When certain measurement items reach predefined limits in the monitoring bridges, precise performance measurement will be done by detailed site measurement. This paper describes the selection of major measurement items that can represent the tendency of bridge life and introduces automated bridge data collection test-bed using wireless sensor network technology. The following will be major parts of this paper: 1) Examining the features of conventional bridge management system and data collection method 2) Mileage concept as a bridge life indicator and measuring method of the indicator 3) Test-bed of automated and real-time based bridge life indicator monitoring system using wireless sensor network

• Journal of KIISE:Computing Practices and Letters
• /
• v.6 no.3
• /
• pp.288-298
• /
• 2000

Digital assets denote multimedia information that exists in the form of digitized materials such as images, audio, and video. The management of digital assets demands much effort because of a huge amount of storage space requirement and multidimensional characteristics of the information needed to describe their contents. In this paper, we design and implement a Digital Asset Manager that stores and manages digital assets efficiently. Among the various types of digital assets, we focus on the video asset which has the highest complexity. Our Digital Asset Manager provides various facilities for digital contents authoring applications. In the Digital Asset Manager, video assets are managed by using a hierarchical model in order to ensure efficient accesses to any part of a video asset. Our system also guarantees the independence from the storage platform, and provides a fast content-based similarity search method on the digital assets.