• Management & Information Systems Review
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• v.29 no.4
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• pp.23-44
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• 2010

This study examines the value-relevance of accruals and discretionary accruals. Also, by examining the effects of the corporate life-cycle on these relationship, this study is able to provide evidence of the value-relevance of accruals and discretionary accruals measures in the economic context of life-cycle theory. This study uses results based on life-cycle classification methods developed by Anthony and Ramesh(1992), adjust Jones model and Dechow Dechev(2002) model. We classify firms using individuals variables(sales growth, capital expenditure growth, employee growth) and then use a composite score obtained from all variables for classification. Our sample consists of 272 firms listed in the Korean Stock Exchange during 14 years(1996-2009). Our final sample for regression variables consists of 2,448 firm-year observations. This evidence implies that the value-relevance of accruals and discretionary accruals in the growth and mature stage can have positive impact on the price but in the decline the value-relevance of accruals and discretionary accruals can have negative impact on the price. The results mean that discretionary accruals communicate managements' private information in the growth stage, but. earnings management in the decline stage. The results of this study suggest that corporate life cycle stages influence the value-relevance of accruals and discretionary accruals measures.

• Korean Chemical Engineering Research
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• v.51 no.2
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• pp.221-225
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• 2013

Sustainability, in general, means the protection of environmental resources and economic prosperity, with the consideration of the social, economic and environmental effect, as well as human health and the enhancement of life. Profound consideration about sustainability has to handle the overall cycle of feedstock, resource extraction, transportation and production in addition to the environmental effect. Sustainable development of the chemical industries should be carried out complementarily by strengthening the chemical process safety of the industries. In this respect, chemical process safety can be called an opportunity to enhance the compatibility internationally. Changing new paradigm in chemical process safety is formed from the overall life cycle considering basic design of existing systems and production processes. To improve the chemical process safety, the integrated smart system is necessary, comprising various chemical safety database and knowledge base and improved methods of quantitative risk analysis, including management system. This paper discussed the necessity of overall life cycle in chemical process safety and proposed new technology to improve the sustainability. To develop the sustainable industries in process systems engineering, three S, which include Safety, Stability and Security, will have to be combined appropriate.

• International Journal of Industrial Entomology and Biomaterials
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• v.38 no.2
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• pp.38-50
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• 2019

We investigated the developmental characteristics and life cycle of the lawn cutworm, Spodoptera depravata (Lepidoptera: Noctuidae), which is one of the most important pests causing economic damage in grass production. For larval culture, we provided the zoysiagrass at $25^{\circ}C$ and $60{\pm}5%$ humidity. The durations of the developmental stages were as follows: $4.11{\pm}0.19$ days for eggs, $25.17{\pm}3.02$ for larvae, $8.80{\pm}0.28$ for pupae, and $7.57{\pm}0.95$ for adults. We grew the larvae to the 7th instar stage, unlike previous studies, in which it was assumed that the 6th instar was the final age. There was a significant positive correlation between the body length and head capsule width of each instar larvae. In terms of morphology, the eggs changed from light green immediately following oviposition to black as they developed, and the grass-fed larvae changed from light yellow immediately after hatching to green as development continued. We observed a pattern of black spots at regular intervals on the dorsal sides of the abdomens of the final instar larvae. Furthermore, we detected two notable designs on the dorsal side of the front of the head. The pupal colors changed from light brown and green immediately after pupation, to dark brown as the pupal cuticle hardened. The wingspans of the adults were similar in both sexes. However, the forewings of the males had obvious outer lines and eyespots with dark gray-brown backgrounds, whereas the corresponding features on the female forewings were less obvious. The oviposition preperiod was 2.11 days, the oviposition period was 4.2 days, the average fecundity per female was approximately 341 eggs, and the hatching rate was approximately 76.1%.

• Industry Promotion Research
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• v.5 no.1
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• pp.125-135
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• 2020

This study is to suggest a social welfare policy to overcome the exclusion from the three sectors of economic life, income, labor market, housing, etc., which are the most important items of the welfare of the elderly in the life cycle. The results are as follows. First, income security policies should be comprehensively established and implemented. National institutional guarantees such as national pensions, basic pensions, and national basic living security should be sufficient. Second, housing policy must be reasonably improved. Since housing is a problem for the elderly, policies that suit the taste of the elderly should be effectively established and executed. Third, national and social agreement is needed. Geriatric welfare policies basically require social consensus. In conclusion, measures to overcome the economic exclusion of the elderly should be sought comprehensively in the long-term and various fields. There must also be an explicit agreement from the members of the society. a social welfare policy to overcome from economic exclusion should find ways to overcome the elderly's right to life.

• Economic Analysis
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• v.24 no.3
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• pp.1-36
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• 2018

When it comes to explaining the relationship between inventory investment and business fluctuations, the production smoothing theory and the stock-out avoidance theory take contradictory stances. Decision-making related to inventory investments of corporations is thought to be influenced by both motives, but the relative sizes or directions of their respective influences can differ depending upon the phase of the business cycle. Against this backdrop, this paper differs from existing studies in that it theoretically tests the relative significances of the production smoothing and stock-out avoidance motives in the inventory investment dynamics, while placing its analytical focus on determining the existence and patterns of the asymmetric dynamics of inventory investment over the business cycle phases. To this end this paper sets up a non-linear model that is expanded from the existing linear inventory investment model, and checks whether its predictive power is better than that of the existing model. The results of analysis confirm the nature of the asymmetric dynamics of inventory investment over the business cycle phases. A stock-out avoidance motive appears but there is no significant production smoothing motive in boom times. In downturns, in contrast, the stock-out avoidance motive is insignificant, but a quality of asymmetric dynamics in which changes in inventory cause the deepening of recessions, due to the non-convexity of production costs proposed by Ramey (1991), is detected. This paper confirms that a model considering the asymmetric dynamics of inventory investment can have better predictive power than one that does not consider it, through within-sample and out-of-sample predictions and various predictive power tests. These research results are expected to be useful for economic forecasting, through their enhancement of the understandings of the inventory investment dynamics and of the nature of its business cycle destabilization.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.155-157
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• 2013

Ground source heat pump(GSHP) systems have been attracted as high-efficient energy-saving technology, but the building clients and designers have hesitated to use GSHP systems which is a expensive initial installation and a uncertain economic feasibility. Therefore In order to reduce the initial cost, many researchers have focused on the energy-pile system using the structure of the building as a heat exchanger. Even though many of experimental studies for energy pile system have been conducted, there was not enough data of a quantitative evaluation with the economic analysis and comprehensive analysis for energy-pile. In this study, the feasibility study for the energy pile system with a barrette pile was conducted by the performance analysis and LCC assessment.

• International Journal of Highway Engineering
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• v.19 no.6
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• pp.75-81
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• 2017

PURPOSES : So far, aged cement concrete pavement on express highways has been rehabilitated mainly with asphalt concrete inlay. However, potholes were the major problem, and they shortened the life of the inlay mainly owing to the poor drainage of water once it infiltrated the interface of the concrete and asphalt. The purpose of this study is to compare the performance and economic efficiency of asphalt overlay and inlay. METHODS : Overlay and inlay were compared through accelerated pavement testing, and a life-cycle cost analysis was conducted in this study using the CA4PRS program. RESULTS and CONCLUSIONS : It was found from accelerated pavement testing that the overlay exhibited reflective crack resistance that was more than twice as effective as that of inlay. The total cost (construction cost + user cost) within the analysis period (20 years) of the overlay was 37% lower than that of the inlay.

• Journal of the Computational Structural Engineering Institute of Korea
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• v.17 no.2
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• pp.141-150
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• 2004

Recently, it is really concerned about corrosion and aging of reinforced concrete bridges. Corrosional steel reinforcing in concrete affects not only safety of bridges structure but also bending strength of reinforced concrete's member. Rate of corrosion, characteristic of bending strength, and economical evaluation aren't clear in reinforced concrete, considering performance evaluation. The purpose of study is as follows. It studies about ability of resistance's strength and cost of life cycle according to reduction of steel reinforcing's corrosion. Moreover, it shows calculating formula of bending strength with corrosion of current rate and exactly evaluates about the rest life at corrosional reinforced concrete bridges.

• Proceedings of the KSR Conference
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• 2006.11b
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• pp.1253-1258
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• 2006

As a global effort to conservate the environment, life cycle assessment(LCA) which considers the environmental impact through the life cycle of a product, from acquiring of resources to scrapping, has been actively applied. The LCA is a tool to calculate quantitatively the environmental impacts caused by products or services through their life cycles. Eco-efficiency need that express value of environmental impact provision EMU and develops in two forms according to use target of Eco-efficiency as a tool that environmental impact of EMU. It is a strategic instrument which assists stakeholders to understand which products, processes or services to target with future investments and which are not by comparing economic and ecological values. The results stand for aggregated information on economical value and environmental impact. Also, In this method, it is important to derive EPI(Environmental Performance Index) and SPI(Service Performance Index) from the sources available. The following is used as one of Eco-efficiency tools to achieve the target performance of processes, products and services for designer or projector. According to the eco-efficiency methodology for EMU developed in this study, the user definition and the DB design were carried out as a basic design of eco-efficiency S/W.

• Journal of Internet of Things and Convergence
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• v.10 no.1
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• pp.13-20
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• 2024

The purpose of this study is to objectively quantify the degree of social exclusion of the disabled and verify the impact of the derived degree of social exclusion on the quality of life of the disabled. And the purpose is to verify whether job satisfaction moderates the impact of social exclusion and quality of life of disabled people. The subjects of the study were 1,280 people extracted through a panel survey on employment of the disabled. The independent variables of social exclusion are economic difficulties, employment status, mental health, and social activities. The dependent variable was quality of life, and the control variable was job satisfaction. The research results are as follows. First, the sub-factors of social exclusion that affect quality of life were economic difficulties, mental health, participation in social activities, and employment status. Second, job satisfaction showed a moderating effect in the relationship between social exclusion and quality of life. And the sub-factors of social exclusion that have a moderating effect on quality of life were identified as economic difficulties, employment status, and social activities. In follow-up research, it will be necessary to investigate employment programs for the disabled in developed countries and analyze the implementation background, implementation details, achievements, and limitations, thereby contributing to the establishment of employment policies for the disabled. It is hoped that through this research, the vicious cycle of social exclusion and discrimination of the disabled will be improved and an opportunity will be provided to improve the quality of life through the economic activities of the disabled.