• Environmental and Resource Economics Review
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• v.29 no.2
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• pp.171-194
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• 2020

We revisit the impact of oil shocks on the Korean economy and examine how this impact varies depending on a business cycle. First, we estimate the probability of a recession through a logistic probability distribution, and correct the probability to match business cycles announced by the Korea National Statistical Office. We set up a STVAR model to analyze the response of macroeconomic variables to oil shocks according to business cycles. We find that oil shocks during the recession have a negative effect on GDP in the mid- and long-term, but during the expansion, GDP does not show a statistically significant response to oil shocks. We presume that this finding is associated with the factors of both the increase in demand for consumption and the increase in current account during the economic boom. Also, we find that the impact of oil shocks on the price level was also observed differently in terms of the persistence of inflation by business cycle. These results highlight the importance of an application of a regime switching model, which has been widely used in energy economics in recent years.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.7-13
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• 2011

RAMS is the procedure to maximize the reliability and availability of systems with managing operation rate, the frequency of failure in the system and repair method. Recently, all system life-cycle focusing on RAMS process has been rapidly developing in the field of railway vehicles, for example, applying th reliability management techniques for procurement and disposal of EMU. In particular, global economic recession require to reasonable measures for the EMU maintenance costs under the circumstances therefore, an alternative solution based on RCM(Reliability Centered Maintenance) which is the optimal maintenance method is interested. In this study, the state of being critical of each component and a primary factors was analyzed to improve VVVF inverter of the line 7 EMU by applying FMECA process. Furthermore, this paper showed the impact of connecting between the main and sub system. Based on these data, critical components according to malfunction ratings were classified by screening measures and improvements for each components was summarized.

• Journal of the Korean Society of Clothing and Textiles
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• v.19 no.1
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• pp.80-95
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• 1995

This paper analyses the effect of social atmosphere on fashion model image with a study on two Periods, 1960s and 1990s. To be specific, we focus on two fashion models, Twiggy and Kate Moss who were famous in the late 60s and the early 90s respectively. We also study the works of Mary Quant and Calvin Klein in order to understand Twigg9y '||'&'||' Moss syndromes. Thee "waif" image which is usually associated with those uncared, homeless, pitiful, and immature is commonly found in Twiggy and Moss. It is argued that this dramatic change of image, that is, from a confident, mature one to the opposite, is strongly influenced by economic recession and a concomitant increase of social tension and pessimistic and decadent attitude.e.

• Knowledge Management Research
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• v.14 no.4
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• pp.75-86
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• 2013

The deeping interests and research toward Entrepreneurship, which is considered as an potential alternative for solving the continuing economic recession in the $21^{st}$ century, have grown. The process and methodology of the research could not be systematically arranged and the results of the research lack in efforts on the application of increasing suceess ratio in starting new business. This study adopted corpus methodology, through which we try to analyzes the knowledge structure in entrepreneurship research, derive essential concepts and the consisting domains in venture research. Based on the results of analysis, this study constructs the knowledge structure of venture research in a form of knowledge ontology. The results of the study could be a ground for entrepreneurship research and utilized as implication for a creation of construction for the entrepreneurship knowledge ontology.

• Journal of Fisheries and Marine Sciences Education
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• v.21 no.2
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• pp.325-334
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• 2009

The aims of this study is to suggest the strategic development plan of Ulsan Port using SWOT/AHP method. In order to do this, 16 detailed factors for SWOT Matrix were identified both from previous studies and from brainstorming professionals of the port and these made into a 3 level hierarchy structure. AHP method identified the relative weight of SWOT level as threat(0.311), opportunity(0.259), strength(0.218) and weakness(0.212), also the composite relative weight of detailed factors as recession of global economy(0.125), strengthening of economic function in port(0.085), insufficiency of port facilities(0.080) and a government regulation of port management(0.075). As a result, the study suggests S/T strategy, W/T strategy, S/O strategy, W/O strategy as a strategic development plan of the Ulsan Port.

• Journal of the Korea Safety Management & Science
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• v.12 no.1
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• pp.71-81
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• 2010

Today's fierce competition and global economic recession make most of manufacturing companies in the world difficult to gain a profit. In order to survive such a environment and increase competitiveness, manufacturing companies have to continuously eliminate their wasteful factors through an efficient process analysis, improve quality of products, increase the flexibility of manufacturing processes. In this paper, we consider a case study for the Shanghai New Auto which is a subcontractor of MOBIS in China, to improve productivity by using therblig method, one of the motion analysis, to minimize the work-in-process inventories and to shorten the manufacturing cycle times. We also try to relocate the facility layout to increase the efficiency and flexibility of manufacturing processes.

• Journal of the Korean Society of Safety
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• v.24 no.3
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• pp.32-38
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• 2009

Construction companies economic to lighten the restrictions on safety education and training due to the domestic recession as long as the global downturn. With this, the Korean government lightened that restrictions, but the incidents are being sharply increased nowadays. The construction industry is more hazardous than any others, so, they insist to reinforce the training for incidents prevention, but it is prone to be disregarded at the subcontractors of the bigger construction companies due to their financial problems. According to these matters, this study hereby surveyed regarding their suggestions for the improvements of the training concepts through questionnaires below.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2000.11a
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• pp.297-311
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• 2000

Since 1996 when Kosdaq market was set up, serious doubt has been raised regarding the efficiency of the market. The most important question is whether this market can reflect the real value of the venture company quoted on it. In order to answer this question, this study aimed to evaluate venture companies in Kosdaq market adopting the concept of real option theory. From the results of empirical analysis, we found that in the early 2000, there was serious over-valuation problem. On the contrary, in the recent period of economic recession, under-valuation problem is quite prevalent. We also present our methodology and empirical results confirm the conjecture that option premium outweighs the DCF valor for the newly born and high-technology intensive venture companies. We hope that the empirical results shed some light on the policy prescription to improve the efficiency of Kosdaq market.

• Proceedings of the Safety Management and Science Conference
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• 2009.11a
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• pp.483-493
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• 2009

The global economic recession caused a great change of the labor environment such as restructurings and unstable employment. This facts brought about an increase in sense of rivalry, over workload, job uncertainty and lowering of self-confidence. Due to the fact that the work process and employing system in construction field is little differ from normal industries, especially, labors working in construction field are much exposed to the job stress. On this study, we survey construction-field labors and made an analysis of the gathered data through the statistic method to reveal what kind of job-stress factors influence on the defects of construction works. As the result, we investigated the truth of the induction factors which cause the job-stress in costruction field and proposed an alternative plan for an effective job-stress management which make the defect rate low.

• Journal of the Korea Safety Management & Science
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• v.19 no.1
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• pp.27-37
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• 2017

In the construction sites, rush (speedy construction) work have recently been overused because of budget reductions by reducing the construction duration after the long-term economic recession and construction business stagnation with institutional change including the instruction of the duration shortening bidding system and the introduction of the post-construction sales system by the Korea Research Institute for Human Settlements. Due to this, negligent accidents have frequently occurred by forcing manpower, equipment, finance, and material procurement and pressing ahead with impractical construction wok at night according to the reduction of construction schedules. Therefore, this paper has the necessity of this study to seek for alternatives to prevent negligent accidents by finding factors related to rush work in the reality that the importance for preventing negligent accidents is more emphasized while they have not been reduced in construction sites.