• Title/Summary/Keyword: economic justification

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The Annulment Procedure of Arbitral Awards in China (중국의 중재판정 취소제도)

  • Choi, Song-Za
    • Journal of Arbitration Studies
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    • v.25 no.2
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    • pp.97-118
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    • 2015
  • As China has quickly emerged as a global economic power, the total number of international commercial disputes arbitrated by Chinese arbitral institutions has increased dramatically. Along with this, the annulment procedure of arbitral awards in China have been newly brought to the fore. In accordance with the historical background and the demand of the times, the Chinese annulment procedure of arbitral awards reveals distinctive Chinese features. Although it was enacted in the face ofof an unwarranted prejudice against the dispute settlement system by arbitration as well as a deep mistrust of domestic arbitral institutions, the annulment procedure of arbitral awards showed a certain degree of justification and rationality in its initial stages of legislation. However, it is also the case that it has not adapted well to new domestic or foreign arbitration circumstances in the last twenty years. At present, there is a keen interest in revisions to and debates on arbitration law of China. It is necessary to take an active part in the amendment discussion and process of arbitration law. Moreover, we need to reform the annulment procedure of arbitral awards in order to meet the global trend of arbitration law.

Design of Logging Infrastructure in Consideration of the Dynamically Changing Environment

  • MOKHIREV, Aleksandr;RUKOMOJNIKOV, Konstantin;GERASIMOVA, Marina;MEDVEDEV, Sergey
    • Journal of the Korean Wood Science and Technology
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    • v.49 no.3
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    • pp.254-266
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    • 2021
  • Using forest resources involves solving complex and diverse tasks. At the same time, one of the key goals in the field is improving the quality of forest infrastructure. This direction requires adequate mathematical and economic justification. Moreover, creating an effective infrastructure will not only increase the accessibility and usage volumes of wood and other forest resources, but also contribute to the development of continuous and sustainable forest management. The existing practice of making decisions in terms of the organizational and technological aspects of logging, based on the personal experiences of managers or leading specialists in enterprises, hinders the achievement of constant optimal efficiency. The paper presents results that are a continuation of the research cycle of the authors' team in the fields of optimization and algorithmization of various logging processes. The focus of the study lies in the processing and movement of wood resources, the most valuable products of the investigated groups of enterprises. To this end, the paper presents a developed algorithm for determining an effective technological chain of transportation in logging operations, and for improving loading and unloading processing operations under dynamic natural and production conditions. This algorithm serves as the methodological basis for designing logging infrastructure in a dynamically changing environment.

A Study on Political Reform and Ethical Improvement

  • Kim Taek
    • International Journal of Advanced Culture Technology
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    • v.11 no.3
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    • pp.51-58
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    • 2023
  • Through this incident, it reminds me of the idea that personnel appointments are everything once again. Public officials should try to be good at ethics and conduct. If a public official fails to fulfill his or her role as a public official, how can the public trust him or her? You should know that the country does not exist under that official. Looking back on the constitutional history after liberation, it is undeniable that the collusion between politicians and businessmen shocked the people with many suspicions and distrust, and the various irregularities they caused disrupted healthy democracy and the national economic order. In this respect, this paper focuses on Korean political reform measures, but also examines ways to improve public officials' ethics. This paper focuses on that political reform should move in the direction of revitalizing the function of the National Assembly and allowing autonomous and independent parliamentary activities. Parliamentary activities should not be too dampened, and it should not end in a brief promotion in consideration of election votes. The ruling and opposition parties should seriously consider and implement this political reform plan. As one of the people, I hope that this privilege reform plan can be a touchstone for the advancement of political culture. This paper was studied as follows. First, the purpose and justification of political reform were identified. Second, it emphasized the need to improve public service ethics. Third, the problems and improvement measures of political reform were considered.

Analysis on The Economic Impacts of Construction New Excellent Technology (건설신기술의 경제적 파급효과 분석)

  • Paek, Nam-Jong;Park, Hwan-Pyo;Lee, Kyo-Sun
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.1
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    • pp.115-124
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    • 2011
  • The Construction New Excellent Technology was introduced to promote the development of domestic construction technology and enhance national competitiveness, by inspiring the development desire of technology developers in 1989. Domestic Construction New Excellent Technology is first introduced in 1989, the total 596 cases were assigned to the new technology and it was used the construction site. Also, it was achieved the quantitative performance of thirty-hundred applications and was effected to the domestic construction industry. However, the systematic analysis about the introduction effects of Construction New Excellent Technology are none. Therefore, the quantitative analysis of economic effects in construction industry have to a justification in according to operation of Construction New Excellent Technology system and verification of superiority. And then, the Construction New Excellent Technology system needs a developing base in the future. In this study, The Economic Impacts of Construction New Excellent Technology were analyzed in quantitatively such as a cost savings effects, the employment effects, the effects on Value-added, the import substitution effects due to use of Construction New Excellent Technology. This study will be used promotion of economics and superiority in the Construction New Excellent Technology.

Development of Regression-based Bike Direct Demand Models (회귀분석기반의 자전거 직접수요추정 모형 구축)

  • Lee, Kyu Jin;Kim, Keun Wook;Choi, Keechoo
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.4D
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    • pp.489-496
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    • 2011
  • Bike system is one of the green transportation systems and spotlighted recently. In the TOD (Transit-Oriented Development) based transportation and urban planning, bike system will be the major part as linkage modes. In this paper, bike demand estimation model was firstly established in Korea, with considering of personal and household characteristics of traveller, social and economic characteristics of city, weather conditions, and so on. The model reflects population density, the number of students except elementary school students, the number of vehicles, the length of bike roads, and monthly income. The adjusted $R^2$ was 0.738: the model is highly fitted. The results of this paper yield bike demand estimation in the urban planning area: further estimated results will be using to determine economic feasibility and size of bike facility. In other words, this paper is expected to provide the theoretical basis that supporting justification and investment efficiency of bike plans, which are actively progressed recently.

A vision for the Welding Industry in the USA

  • Kim, Dong-Sub
    • Proceedings of the KWS Conference
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    • 2000.10a
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    • pp.13-18
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    • 2000
  • Welding is critical technique for the joining of materials in the nation's major Manufacturing industries. Since 1998, leaders in welding industry have defined a vision of the issues and opportunities that it will face in 2020. In developing this vision document, more than 25 senior managers and respected experts from various segments of the welding community met to begin a dialog about the future of the welding industry. They were brought together to develop a long-range business plan for their industry that would identify how it would meet the needs of manufacturers, of the marketplace, and of society in 2020. In essence, these decision makers created an ideal vision of the state of their industry in 20 years, and the strategy to reach it. Welding is a precise, reliable, and cost-effective, method for joining materials. No other technique is as widely used by manufacturers to join metals and alloys efficiently. Most of the familiar objects in modern society, form buildings and bridges, to vehicles, computers, and medical devices, could not be produced without the use of welding. Despite the importance of welding to the manufacturing industry, the leaders in this area felt that welding was not appreciated as much as it should be from the society. The welding industry consists of the “users” of welding techniques as well as the companies, universities and other organizations that industry look for improvements in their operations by 2020, and should find their interest addressed in this document. A major economic impact study co sponsored by AWS and EWI and supported by US Navy, State of Ohio, US Department of Commerce, and major companies was kicked off. This two-year study will determine the economic impact of welding on the United States economy. The objective of this study is to break a paradigm about welding-those of us who are heavily involved in welding, believe strongly that much of our gross domestic product is directly dependent on welding. Furthermore, continued advances in the field of welding are necessary to achieving further increases in productivity that makes our economy strong. Yet, despite intuition, anecdotal information, and fragmented analyses, the completing quantitative information that would proved the justification for strategic actions to further develop this critical field is not currently available.

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Dealing with Techno-economic Uncertainties in the Post-catchup Era: the Development of a Conceptual Framework (탈(脫)추격 단계에서 기술.경제적 불확실성과 대응 : 개념적 틀의 개발)

  • Song, Wi-Chin;Lee, June-Seok
    • Journal of Science and Technology Studies
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    • v.7 no.1
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    • pp.5-31
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    • 2007
  • In the catchup stages of technological development, the technology being pursued was well known. The fact that the technology is developable was known, and the fact that it should observe certain design is also known to developers. Therefore the technological and societal uncertainties have been relatively low. Comparatively, in the post-catchup stages of technological development, it is hard to predict if a certain technology is developable at all. And even though it is developable, in many cases the role models to which developers can refer to do not exist. This creates heavy uncertainties in both technological and societal regime. As a result, we need new strategical approaches to deal with the uncertainties that post-catchup technologies co-create. In this paper, we first define the core strategies of managing the techno-economic uncertainties as following: (1) how to deal with technological uncertainties, (2) how to acquire the justification and robustness of new technology. Then new conceptual frameworks to deal with those factors will be suggested.

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부유식 천연액화가스(LNG) 터미널의 설계 기술 개발

  • Han Yong-Seop;Lee Jeong-Han;Kim Yong-Su
    • THE INDUSTRY AND TECHNOLOGY OF GAS
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    • v.5 no.1 s.6
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    • pp.39-47
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    • 2002
  • With the expansion of natural gas demands in many countries, the necessity of LNG receiving terminals has been increased. The offshore LNG Floating Storage and Regasification Unit (FSRU) attracts attentions not only for a land based LNG receiving terminal alternative, but also for a feasible and economic solution. Nowadays, as the reliability of offshore oil and gas floating facilities and LNG carriers gains with proven worldwide operations, the FSRU can achieve a safety level that can be comparable to an onshore terminal. The design development related with safety features of the FSRU has been extensively carried out by oil and gas companies, shipyards, engineering companies, and equipment vendors, and has been successful so far in many fields. The construction of the FSRU can be achieved by integrating various technologies and experiences from many disciplines and many participating companies and vendors. In this paper, reviews on some of the important design features and design improvements on FSRU together with the practical construction aspects in cargo containment, vaporization system, ESD system, and operation modes, have been covered in comparison with actual LNG carrier, onshore receiving terminal, and FPSO systems. In order to materialize an FSRU project, the technical and economic justification has to be preceded. It is believed that once the safety and technical soundness is convinced, the FSRU can bring a higher project feasibility by reducing the overall construction time and cost. Through this study, an FSRU design readily applicable to an actual project has been developed by incorporating experiences gained from many marine and offshore projects. The wide use of proven standard technologies adopted in the series construction of LNG carriers and offshore FPSOs will bring the project efficiency and reliability.

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A Study on the 'Extended' DSM Programs in Korean LNG Market (산업용 천연가스 수요관리 프로그램 최적화를 위한 동태적 시뮬레이션에 관한 연구)

  • Chang, Han-Soo;Choi, Ki-Ryun
    • Environmental and Resource Economics Review
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    • v.11 no.2
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    • pp.211-231
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    • 2002
  • This paper summarizes the results of a study that assess how a demand side management (DSM) system addresses key economic and environmental challenges facing in the Korean natural gas sector considering; ${\bullet}$ high discrepancies of seasonal consumption volume and of load factor in unmatured domestic LNG market, ${\bullet}$ unfavorable and volatile international LNG market, imposing with the contestable "take-or-pay" contract terms, ${\bullet}$ low profile of LNG and existence of market barriers against an optimal fuel mix status in the industrial energy sector. A particular focus of this study is to establish an 'extended' DSM system in the unmatured gas market, especially in industry sector, that could play a key role to assure an optimum fuel mix scheme. Under the concept of 'extended' DSM, a system dynamics modeling approach has been introduced to explore the option to maximize economic benefits in terms of the national energy system optimization, entailing different ways of commitments accounting for different DSM measures and time delay scenarios. The study concludes that policy options exist that can reduce inefficiencies in gas industry and end-use system at no net costs to national economy. The most scenarios find that, by the year 2015, it is possible to develop a substantial potential of increased industrial gas end-uses under more reliable and stable load patterns. Assessment of sensitivity analysis suggests that time delay factor, in formulating DSM scenarios, plays a key role to overcome various market barriers in domestic LNG market and provides a strong justification for the policy portfolios 'just in time' (time accurateness), which eventually contribute to establish an optimum fuel mix strategy. The study indicates also the needs of advanced studies based on SD approach to articulate uncertainty in unmatured energy market analysis, including gas.

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Study on Establishing Essential Framework for Importing Asset Management System of National Road (일반국도 자산관리시스템 도입을 위한 기본체계 구축에 관한 연구)

  • Park, Hyosung;Lee, Soohyng
    • Journal of the Society of Disaster Information
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    • v.10 no.2
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    • pp.320-334
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    • 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.