• Title/Summary/Keyword: economic compensation

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A Research on the Debates of Whale Resource Values (고래자원의 가치 논쟁에 관한 연구)

  • Park, Seong-Kwae
    • The Journal of Fisheries Business Administration
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    • v.45 no.3
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    • pp.111-129
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    • 2014
  • The main purpose of this study is to analyze the disputes concerning the 1982 moratorium on commercial whaling and the standing rights of other natural objects. Basically, the debates has arisen from the very nature of whales and other natural resources, that is to say, a mixed good of consumptive and non-use value. The debates between pro- and anti-moratorium states regarding whaling may not find out a peaceful solution without compromise or negotiation since any international institution for official settlements does not exist. If the pro-states could provide anti-states with a certain type of economic incentive which is side payments, anti-states might offer self-restraint not to whale. Here, it would be considered to apply Kaldor-Hicks compensation principles to this problem. Since 1965, some countries such as the United States and Japan began to recognize the standing right of natural objects. Even though rejected, the newt case in Korea was brought to the Supreme Court. If a standard of living increases significantly to a higher level(i.e. more than per capita income US$30,000), there would be a tendency of valuing natural objects and their beauty more and more highly.

AN INTEGRATED RESTAURANT MENU-PRICING SYSTEM (레스토랑 종합 메뉴 판매 가격 결정 시스템에 관한 연구)

  • 이연희
    • Journal of Applied Tourism Food and Beverage Management and Research
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    • v.9
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    • pp.213-242
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    • 1998
  • Even in the best of economic environments, restaurants menu pricing is a serious concern to those in the food service industry. During times of rapid inflation, closer government regulation of compensation practices, and limited gains in worker productivity, the decisions regarding the proper charge for menu items become increasingly important. In addition to many operational and managerial factors, an important ingredient in the food service enterprise's success is its ability to meet the market by providing the value expected. The contribution-margin approach to pricing described above is familiar to cost accountants, who will also recognize that it admits of much elaboration before it can become a tool for day-to-day decisions. But the system probably has the greatest promise for multi-unit companies, where the cost benefit ratio of additional refinements improves in proportion to the number of operations. For example, the analysis required to specify the demand function better becomes less expensive if the findings can be applied to the pricing structure of numerous units. In any of its many adaptations, the essence of the integrated menu pricing system remains its ability to bring together the relevant revenues and costs with the operator's sense of the market and competitive environment to suggest prices that maximize profits.

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A Study on a Control Method for Small BLDC Motor Sensorless Drive with the Single Phase BEMF and the Neutral Point (소형 BLDC 전동기 센서리스 드라이브의 단상 역기전력과 중성점을 이용한 제어기법 연구)

  • Jo, June-Woo;Hwang, Don-Ha;Hwang, Young-Gi;Jung, Tae-Uk
    • Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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    • v.28 no.9
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    • pp.1-7
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    • 2014
  • Brushless Direct Current(BLDC) Motor is essential to measure a rotor position because of that this motor type needs to synchronize the rotor's position and changeover phase current instead of a brush and commutator used on the existing dc motor. Recently, many researches have studied on sensorless control drive for BLDC motor. The conventional control methods are a compensation value dq, Kalman filter, Fuzzy logic, Neurons neural network, and the like. These methods has difficulties of detecting BEMF accurately at low speed because of low BEMF voltage and switching noise. And also, the operation is long and complex. So, it is required a high-performance microprocessor. Therefore, it is not suitable for a small BLDC motor sensorless drive. This paper presents control methods suitable for economic small BLDC motor sensorless drive which are an improved design of the BEMF detection circuit, simplifying a complex algorithm and computation time reduction. The improved motor sensorless drive is verified stability and validity through being designed, manufactured and analyzed.

Building of PSMS in corporate of ISO 9000 certification (PL 대응체계 구축 방안)

  • Park, Jae-Heung;Hwang, Hee;Moon, Jae-Seung
    • Journal of Korean Society for Quality Management
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    • v.31 no.3
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    • pp.19-36
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    • 2003
  • The manager of manufacturing industry just not to have known what to do related to the law of product liability(PL) that was put into operation in July 1, 2002. The law of PL is a public law about defective product, which was established in order to compensate consumer's damages of property and body caused by product, to make sound society by the safety products and to take international competitiveness. But the existing civil law has been having clause that compensation to be taken is limited. The law of PL is resolving this limitations and is characterized by the easy relief from damages of defective product. The decision in the case of Green-man has been a precedent since the court sentenced the manufacturer to liability. The law of PL has been in force in 27 countries, including all of the EU countries, Japan, Philippines and China. It has been shown that the corporations which meet the Global Standard, could survive in global competition. The economic effects by the law of PL are the increase of consumers relief production cost by the lawsuits. This paper will recommend more biref method that is able to cover PSMS by use of QMS. It will make domestic corporation improve in the plan, manufacture and sale of products to meet the Global Standard.

Regulatory Disclosure of Large Business Groups in Korea

  • GWON, Jae-Hyun
    • Asian Journal of Business Environment
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    • v.10 no.1
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    • pp.45-50
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    • 2020
  • Purpose: This paper examines the theoretical grounds for the disclosure of the Korea Fair Trade Commission. Three central measures of the disclosure are scrutinized: The interconnected status of affiliate companies, the important matters of private affiliates, and the large internal transactions. Contemplating on three measures, respectively, we review the rationale and derive policy implications. Research design, data, and methodology: Collecting the data of violation rates and remedial measures, we analyze the intensity of the disclosure enforcement. These statistics are critically reviewed by the economic literature of mandatory disclosure. Results: Statistics evince that the Korea Fair Trade Commission has enforced the regulatory disclosure quite successfully. Violation rates of the disclosure has declined from the outset. It demonstrates that the Korea Fair Trade Commission has enforced those measures satisfactorily for about a decade. But we cannot ascertain empirically whether the regulatory disclosures are socially and economically beneficial. To evaluate the effect of the regulatory disclosures precisely, we need a further empirical investigation. Conclusions: Despite the lack of policy evaluation, this study suggests complementary measures for current disclosures. First, disclosure of executive compensation in privately held subsidiaries must be introduced. Second, the controlling shareholder/manager should be responsible for information disclosure on foreign subsidiaries.

The Wage Effects of High Performance Work Practices (고성과작업관행의 임금 효과)

  • Bai, Jin Han
    • Journal of Labour Economics
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    • v.32 no.2
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    • pp.27-60
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    • 2009
  • Some fact-findings which were gained as results of regression analysis with Workplace Panel Survey data about whether Employee Participatory High Performance Work Practices could help to increase the compensation of workers are as followings. Firstly. though High Performance Work Practices wert generally estimated to have positive effects on management performance of establishments, their positive effects were not so significant except in cases of some practices. Secondly, the wage increase effects of the main High Performance Work Practices were much stronger with statistical significance. Thirdly. in case of unionized establishments. the wage increase effects of the main High Performance Work Practices were estimated to be much stronger than in the Don-unionized.

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Status of Safety Accidents in Schools and Approach to Improve - Focused on School Safety and Insurance Association - (학교안전사고의 현황과 개선방안 - 학교안전공제회를 중심으로 -)

  • Jeong, Jeong-ile
    • Convergence Security Journal
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    • v.16 no.1
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    • pp.23-32
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    • 2016
  • The more a society becomes complicated and diversified along with the economic development, the more diverse l earning types the educational activities had beyond the existing educational approaches to cope with the complicated and diversified society. In particular, field studies and opportunity to use the dangerous educational appliances have been increasing in order to cope with the desires of education consumers requiring diversity and the individuality of students has been strengthened. In accordance with the trends above, the school accidents have been gradually increasing in recent days. Thus, this paper aims to propose the suggestions to teachers in real education fields by investigating the problems in compensation system of School Safety and Insurance Association against which the victim s of any school safety accidents firstly claim for the damages, the problems in the present system of the Association and how to improve the system in terms of the payment scope of the Association.

A Cost-Benefit Analysis of Industrial Health Promotion Program in Korea (산업보건사업의 경제성 분석)

  • 김진현;양봉민;이석연
    • Journal of Environmental Health Sciences
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    • v.19 no.2
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    • pp.88-99
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    • 1993
  • There has been investments by firms to protect workers' health and to improve their health status. Most of the investments are made on the ground of legal requirement. However many argue that the amount of investments made falls short of the legally required level. One of the reasons why firms are not active in undertaking required investments is that they are not certain whether such investment is economically beneficial to them or not. Using CBA (Cost-Benefit Analysis), this study investigates whether firms' investments on workers' health are economically justifiable or not. All kinds of expected costs and benefits are itemized and calculated, and costs are compared with benefits. The result shows that if firms fully undertake the legally required investments, total expected costs amount to W453.2 billion and expected benefits accruing to reductions from medical care costs, workers compensation costs, litigation costs in case of legal suit, work days lost, and etc. comes up to W2,086.8 billion. In other words, economic benefits from firms' investment on industrial health far outweighs their costs. As the economy grows, the probability of having various occupational disease increases. It is well conceivable from this study outcome that, the higher the probability, the greater the social loss would be, and the greater the benefits from proper investments on workers' health.

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Housing History of Sakhalin Returnees in Ansan Gohyangmaeul (사할린 영주귀국 동포의 주거생활사: 안산시 고향마을 거주 강제이주 동포를 중심으로)

  • Cho, Jae-Soon
    • Proceeding of Spring/Autumn Annual Conference of KHA
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    • 2009.04a
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    • pp.294-299
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    • 2009
  • The purpose of this research was to find out the housing history of Sakhalin returnees since leaving hometown under the Japanese ruling period. Face to face interview had been done with 20 returnees in the community center during October to December, 2008. Personal life as well as housing histories were differed by the reason to move into Sakhalin, which still influenced the returnee' life in Ansan. The housing they had lived changed from barracks like a training camp, to Japanese small wooden cottage/row house, and then Russian brick house/apartment. Housing alteration and addition were common to renew the old house. The boundary of residing area was mostly limited to the first residing location throughout one's life without a long distance move. Housing satisfaction was very high in Gohyangmaeul because of the improvement of housing facilities and residence itself as well as convenience of housing management compared to the residence in Sakhalin. Economic and emotional aspect of life satisfaction were also high through about 8 years of living in. Forced movers still require the compensation on hand no matter the amount.

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Flicker Mitigation in a Wind Farm by Controlling a Permanent Magnet Synchronous Generator (영구자석형 동기발전기를 이용한 풍력단지의 플리커 저감)

  • Hoan, Pham Van;Kim, Dae-Hyun;Ahn, Jin-Hong;Kim, Eel-Hwan;Oh, Seong-Bo;Kim, Ho-Chan;Kim, Se-Ho
    • Journal of Institute of Control, Robotics and Systems
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    • v.15 no.12
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    • pp.1163-1168
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    • 2009
  • The power quality of wind energy becomes more and more important in connecting wind-farms to the grid, especially weak grid. This paper presents the simulation of a wind farm of a permanent magnet synchronous generator (PMSG) and a doubly fed induction generator (DFIG). Flicker mitigation is performed by using PMSG as a static synchronous compensator (STATCOM) to regulate the voltage at the point of common coupling (PCC). A benefit of the measure is that integrating two function of to control the active power flow and to reduce the voltage flicker in a wind farm. Simulation results show that controlling PMSG is an effective and economic measure in reducing the flicker during continuous operation of grid connected wind turbines regardless of short circuit capacity ratio, turbulence intensity and grid impedance angle.