• Title/Summary/Keyword: monetary value.

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Cost Analysis of Fall Accidents in Domestic Construction Industry (국내 건설산업의 추락재해 비용 분석)

  • Sa, Young Bae;Choi, Sung Uk;Cho, Won Cheol;Lee, Tae Shik
    • Journal of Korean Society of Disaster and Security
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    • v.5 no.1
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    • pp.1-6
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    • 2012
  • This study analyzed the direct costs of fall accidents, which have the highest accident rate, for domestic construction industry workers. Firstly, the average insurance payment per person due to fall accidents in the construction industry is around 19 million won (18,971,000 won). Given that the average number of workers suffering fall accidents over ten years is 5,863, the total cost of losses from fall accidents is about 1.1 trillion won (111,360,000,000 won). Secondly, a cost-based economic feasibility analysis was done to develop nonstructural preventive measures for fall accidents. Since there was no data expressing the costs and effects of preventive measures in terms of monetary value, the economic feasibility analysis was attempted with a focus on how much the newly introduced preventive measures can reduce the accident loss costs due to fall accidents. Thirdly, if the accident loss size is grasped and the preventive measures for the causes of fall accidents are developed and strictly implemented, the insurance fee that can reduce the accident loss costs can be determined. Further study is needed to estimate the benefit of the accident loss cost reduction seen from the cost-based approach method.

Building IT ROI Assessment System for Estimating the Monetary Value of Non-financial Benefits (비재무적인 효과의 화폐가치화를 위한 IT ROI 평가 시스템 구축)

  • Kim, Young-Woon;Chong, Ki-Won
    • The KIPS Transactions:PartD
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    • v.14D no.1 s.111
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    • pp.107-120
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    • 2007
  • When it tomes to IT investment, it's a challenge for the management to make the right decision. Unlike investment in other business area, it's hard to measure direct cost vs. effect in IT business. To validate the investment in IT, it is required to establish objective assessment system that both provider and beneficiary of information can accept, and it is also required to suggest an assessment tool of fixed quantity that includes measuring standards and method for the economic effect of new investment. This study, therefore, has developed IT ROI Methodology that can prove investment validity by accepting the strong points of the existing models while complementing their weak points and by analyzing IT Investment and IT Efforts. It also has built an IT ROI System that reflects the methodology which is applied to 21 companies of 5 business categories. This system is designed to provide effective and objective decision-making tool for IT investment by proving what positive impacts IT could have on business activities.

A Study on DRM Model Using Electronic Cash System (전자화폐 시스템을 적용한 DRM 모델에 관한 연구)

  • Lee, Deok-Gyu;Oh, Hyung-Geun;Lee, Im-Yeong
    • Journal of Korea Multimedia Society
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    • v.7 no.8
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    • pp.1107-1119
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    • 2004
  • There is Electronic-cash system as important payment means in Electronic-commerce and the requirement of electronic cash is independence, transferability, divisibility etc. This is important requirement in DRM to provide contents as a same requirement to contents. Because contents itself can see that requirement of Electronic-cash can be transferred the control of to contents requirement as monetary concept. Can apply equally in reproduction and copy for contents, anonymity user's access etc, and several relations. In this paper, wish to put by value that is equal about Electronic-cash and contents, and apply concept of Electronic-cash through this and present DRM model after examine requirement of Electronic-cash and DRM's requirement. Concept used in this paper left copy use authority to use hierarchic tree structure and endowed anonymity for contents and anonymity about user for anonymous user. Finally, examines and compares and analyzes proposed existing methods.

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Legal Bases for the Termination of a Contract under Common European Contract Law (유럽공통매매법(CESL)상 계약의 종료단계에서의 법적 기준 - CISG와의 비교를 중심으로 -)

  • SHIM, Chong-Seok
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.67
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    • pp.23-47
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    • 2015
  • European Commission drafted and proposed the Common European Sales Law(CESL) to the European Parliament for the realization of a uniform set of international private law rules within the EU internal market. Since its purpose is for free international commercial activities for the sale of goods, for the supply of digital content and for related services, it was proposed to enable EU Member States to adopt or supplement as their substantive law according to their options. This study is relate to the legal bases on termination of a contract under CESL, they are composed of three parts: damages and interest, restitution and prescription. Damages and interest are divided into damages, general provisions on interest on late payments, and late payment by traders. Damages are explained by dividing into right to damages, general measure of damages, foreseeability of loss, loss attributable to creditor, reduction of loss, substitute transaction, and current price. Restitution is described by dividing into restitution on revocation, payment for monetary value, payment for use and interest on money received, compensation for expenditure and equitable modification. Prescription is explained by dividing into general provisions, periods of prescription and their commencement and extension of periods of prescription. General provisions explain right subject to prescription into a right to enforce performance of an obligation and any right ancillary to such a right. Regarding period of prescription, the short one is two years and the long one is ten years. However, in the case of a right to damages for personal injuries, period of prescription for such right is thirty years. Regarding commencement, the short one begins to run from the time when the creditor has become, or could be expected to have become, aware of the facts as a result of which the right can be exercised, while the long one begins to run from the time when the debtor has to perform. However, in the case of a right to damages, the CESL clarifies that it begins to run from the time of the act which gives rise the right.

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The evaluation of cost-of-illness due to use of cost-of-illness-based chemicals

  • Hong, Jiyeon;Lee, Yongjin;Lee, Geonwoo;Lee, Hanseul;Yang, Jiyeon
    • Environmental Analysis Health and Toxicology
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    • v.30 no.sup
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    • pp.6.1-6.4
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    • 2015
  • Objectives This study is conducted to estimate the cost paid by the public suffering from disease possibly caused by chemical and to examine the effect on public health. Methods Cost-benefit analysis is an important factor in analysis and decision-making and is an important policy decision tool in many countries. Cost-of-illness (COI), a kind of scale-based analysis method, estimates the potential value lost as a result of illness as a monetary unit and calculates the cost in terms of direct, indirect and psychological costs. This study estimates direct medical costs, transportation fees for hospitalization and outpatient treatment, and nursing fees through a number of patients suffering from disease caused by chemicals in order to analyze COI, taking into account the cost of productivity loss as an indirect cost. Results The total yearly cost of the diseases studied in 2012 is calculated as 77 million Korean won (KRW) per person. The direct and indirect costs being 52 million KRW and 23 million KRW, respectively. Within the total cost of illness, mental and behavioral disability costs amounted to 16 million KRW, relevant blood immunological parameters costs were 7.4 million KRW, and disease of the nervous system costs were 6.7 million KRW. Conclusions This study reports on a survey conducted by experts regarding diseases possibly caused by chemicals and estimates the cost for the general public. The results can be used to formulate a basic report for a social-economic evaluation of the permitted use of chemicals and limits of usage.

Long-Run Effects of an Environmental Tax Levied on Motor Vehicles: Simulation Analysis (자동차 환경세의 장기효과 - 시뮬레이션 분석 -)

  • Seo, Cheong-Seog;Shin, Yoon-Keun
    • Environmental and Resource Economics Review
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    • v.13 no.1
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    • pp.133-160
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    • 2004
  • This paper analyzes the long-run effects of an environmental tax levied on motor vehicles. If the government charges their consumers the tax as much as the monetary value of the external damage due to the pollutants emitted from motor vehicles, the operation of vehicles is reduced to the socially optimal level, alike to ordinary Pigouvian taxes. Thus, air pollution abatement is realized in the short run. Moreover, in the long run, the tax leads the consumers to prefer cleaner vehicles owing to the tax burden, and so the firms produce the motor vehicles with less pollutants emitted to meet the change of demand. Therefore, the tax has the additional effect on air pollution abatement. This result is obtained from the simulation in the oligopoly model which has an interior solution when the vehicles are horizontally and vertically differentiated.

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Detection of Forgery of Mobile App and Study on Countermeasure (모바일 단말기 앱의 위·변조 탐지 및 대응방안 연구)

  • Jung, Hyun Soo;Chae, Gyoo-Soo
    • Journal of Convergence Society for SMB
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    • v.5 no.3
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    • pp.27-31
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    • 2015
  • As the number of smartphone users is increasing with the development of mobile devices, the range of monetary transaction from the individual use is increasing. Therefore, hacking methods are diversified and the information forgery of mobile devices has been a current issue. The forgery via apps in mobile devices is a hacking method that creates an app similar to well-known apps to deceive the users. The forgery attack corresponds to the violation of integrity, one of three elements of security. Due to the forgery, the value and credibility of an app decreases with the risk increased. With the forgery in app, private information and data can be stolen and the financial losses can occur. This paper examined the forgery, and suggested a way to detect it, and sought the countermeasure to the forgery.

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An Exploratory Study of Privacy Issues and Concerns in the Digital Convergence Environment (디지털 컨버전스 환경에서의 프라이버시 이슈와 프라이버시 침해 우려)

  • Bang, Young-Sok;Lee, Dong-Joo;Ahn, Jae-Hyeon
    • Information Systems Review
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    • v.11 no.2
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    • pp.91-111
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    • 2009
  • Collection and use of personal information have enabled firms to improve their value propositions by offering personalization. On the other hand, they have caused widespread concerns by consumers that their privacy is invaded. Because previously distributed personal information can be integrated and utilized to offer more personalized services, those concerns may be intensified with the progress of the digital convergence environment. In this study, factors for privacy invasion and their impact on the privacy concerns are suggested. Then, an empirical study is conducted to examine some of the suggestions. From the analysis, several results are derived. First, as more personal data are collected, secrecy and autonomy concerns increase exponentially rather than steadily. Second, as targeting accuracy is improved, greater secrecy and autonomy concerns are expressed by consumers, but less seclusion concerns. Finally, monetary reward such as coupons can reduce seclusion concerns when targeting accuracy is high. Based on the results, implications for managing consumer privacy concerns are provided under digital convergence environment.

Prioritizing Human Use Antibiotics for Environmental Health Management and Estimating Their Environmental Concentrations in Korean Waterway (인체용 항생제의 우선관리대상 선정과 물환경 중 오염농도 추정)

  • Kim, Myung-Hyun;Park, Jeong-Im;Kim, Young-Hee;Choi, Kyung-Ho
    • Journal of Environmental Health Sciences
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    • v.32 no.5 s.92
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    • pp.462-468
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    • 2006
  • Antibiotics are manufactured and used for specific physiological functions, hence they may exert adverse ecological consequences when they are in contact with nontarget organisms. In the last decade, many reports have been made on the occurrences of various antibiotic compounds in surface water, and their potential impact to the environment has become an increasing concern. This study was conducted to prioritize antibiotic substances with potential environment risk in Korea. Human use antibiotics with an EIC (Expected Introduction Concentration) value greater than $1{\mu}g/l$, US FDA's action limit criteria, were selected. In order to calculate a worst-case EIC for each substance, annual production volume (in kg) of each antibiotic substance was derived using the Korea Pharmaceutical Manufacturers Association (KPMA)'s monetary database. Sixteen substances were preliminarily selected. The EICs of the 16 antibiotic substances were refined with the excretion rate of the parent substances. Ten antibiotic substances were identified to have EIC-corrected greater than $1{\mu}g/l$, which include Amoxicillin ($15.8{\mu}g/l$), Cefaclor ($10.1{\mu}/l$), Roxithromycin ($4.2{\mu}g/l$), Cephradine ($4.5{\mu}g/l$), Cefatrizine ($2.6{\mu}g/l$), Cefadroxil ($3.3{\mu}g/l$), Aztreonam ($2.3{\mu}g/l$), Ceftazidime ($2.8{\mu}g/l$), Ribostamycin ($1.3{\mu}g/l$), and Ceftezole ($1.3{\mu}g/l$). Additional risk assessments for these antibiotic substances are suggested.

The Externality of an Unwelcomed Facility on the Nearby Multi-family Houses: A Case Study of Dangin-Ri Power Plant (기피시설이 인근 공동주택(연립, 다세대)에 미치는 외부효과 - 당인리 화력발전소를 사례로 -)

  • Kim, Chul-Joong;Song, Myung-Gyu
    • Journal of Environmental Impact Assessment
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    • v.20 no.5
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    • pp.729-745
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    • 2011
  • The purpose of this paper is to estimate the external diseconomies of an unwelcomed facility on the nearby houses. The facility and the area studied are Dangin-Ri power plant in Mapo-Gu, Seoul and the residential district surrounding it respectively. The nearby housing prices have been changed according to the time and circumstances of the public announcements about the reconstruction or removal plans of the plant. These price changes are regarded as the capitalized values of the external diseconomies due to the plant. This study is based on the hedonic price theory in order to estimate the diseconomies in monetary value. The tools for the estimation are four models of multiple regression with the transaction price as the dependant variable and various housing characteristics including the external effects of the plant as the independent variables. The sample analyzed is 833 house transactions for the past 5 years in the research area. The facts found are as follows; First, the most suitable functional form for the estimation is confirmed to be the linear model. Second, there are significant differences in influence on the housing values among the independent variables, that is, locational characteristics, physical features, and environmental changes with time. Third, the external diseconomy is estimated as \80,137,807 in case that the plant would be reconstructed in the underground of the present site, whereon a substitutional public park would be constructed and as \59,142,248 in case that the plant would move away.