• Title/Summary/Keyword: opportunity

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Necessity of Safety Management System applying Big Data and Block Chain Technology (블록체인 기술과 빅데이터 기술을 적용한 안전 관리 시스템의 필요성)

  • Oh, Weon-Kyun;Kim, Ki-Hyuk;Lee, Donghoon
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.197-198
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    • 2019
  • In this study, the study was conducted to derive the utility of the safety management system applying block chain technology and big data technology to improve the problems of construction sites where concealment and operation of safety accidents occur. If block chain technology and big data technology are applied to construction safety management, transparent data can be collected, and based on the collected data, it is possible to predict accidents that can occur at the construction site and establish countermeasures. It can also be an opportunity to strengthen the safety awareness of construction workers and managers, and can clearly identify the responsibility in the event of a safety accident. This study suggests that the application of the 4th Industrial Revolution technology could be a great opportunity to innovate the construction industry which is less than other industries.

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Do NPV and IRR Measure the Profitability of Investment Opportunities? Conditions as Measures of Profitability (NPV와 IRR은 투자기회들의 수익성을 측정하는가? 수익성 척도로서 조건들)

  • Jinwook Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.167-173
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    • 2022
  • Investors must adopt profitable investment opportunities to maximize their wealth. Almost all investment, finance, engineering economics textbooks explain that net present value (NPV) measures the profitability (or value) of investment opportunities in absolute size, and internal rate of return (IRR) measures the profitability of investment opportunities in relative proportions. However, NPV is a measure of the relative size of the return on investment opportunity to do-nothing alternative. Moreover, IRR can occur in multiple investment opportunities and may not exist. To make matters worse, IRR and NPV also have conflicting problems in accept-or-reject decisions. In this study, the reason why NPV and IRR cannot accurately measure the profitability of investment opportunities is identified, and fundamental characteristics that investment opportunity profitability measures should have are presented.

OVERALL BENEFIT-DURATION OPTIMIZATION (OBDO) FOR OWNERS IN LARGE-SCALE CONSTRUCTION PROJECTS

  • Seng-Kiong Ting;Heng Pan
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.780-785
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    • 2005
  • This paper aims to consider an overall benefit-duration optimization (OBDO) problem for the sake of maximizing owner's economic benefits, whilst considering influences of schedule compression incurred opportunity income on the profitability of a large-scale construction project. Unlike previous schedule optimization models and techniques that have focused on project duration or cost minimization, with greater weight on contractors' interests, OBDO facilitates owner's economic benefits through overall benefit-duration optimization. In this paper, the objective function of OBDO model is formulated. An example is illustrated to prove the feasibility and practicability of the overall benefit-duration optimization problem. The significance of employing OBDO model and future research work are also described.

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Emergency Management Policy Issues during and after COVID-19: Focusing on South Korea

  • Ki Woong Cho;Dongkyun Park
    • Journal of Contemporary Eastern Asia
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    • v.22 no.1
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    • pp.49-81
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    • 2023
  • South Korea is currently facing many changes and challenges. To make matters worse, society has struggled to function as it did before COVID-19. This study describes the past and current COVID-19 situation to offer lessons on management during and after COVID-19. We provide implications from COVID-19 and the foundation for future disasters by employing the strengths, weaknesses, opportunities, and threats (SWOT) analysis and indigenous administrative conceptual framework on culture, institution, and instrument to add a circumstance perspective. This study used secondary data from prior research and literature. Resolutions for these policy issues are presented using the strength-opportunity (SO), strength-threat (ST), weakness-opportunity (WO), and weakness-threat (WT) strategies. We suggest utilizing instruments that consider diverse societies and preventing the disease with climate change by collaborating with social institutions. We hope these implications and resolutions will provide insights for the future and other countries.

The Effect of Personalization on Cross-Buying and Shopping Cart Abandonment Based on the S-O-R Framework

  • Kon Woo Kwon;Gee-Woo Bock;Kyu Min Hwang
    • Asia pacific journal of information systems
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    • v.30 no.2
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    • pp.252-283
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    • 2020
  • Online retail is a growing opportunity for retailers and consumers. Cross-buying provides companies with an opportunity to increase their revenue contributions from existing consumers. In many fields, especially in the service sector, cross-selling is an easier strategy to use relative to increasing revenue rather than acquiring new consumers. Website personalization has been a powerful indispensable tool for web-based companies and end users. Using the Mehrabian and Russell's Stimulus-Organism-Response framework, we experimentally examined how an online retailing merchant's environmental stimuli (S) arouses internal affective and cognitive states (O), that affect consumers' approach-avoidance behavior (R) in cross-buying and shopping cart abandonment in online transactions.

The Opportunity for Educational Innovations and Requirements in Academic System Reform of Medical Schools (의과대학 학제 개편이 필요한가: 학제 개편이 교육 혁신의 동력이 되기 위한 조건)

  • Bo Young Yoon
    • The Korean Journal of Medicine
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    • v.99 no.3
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    • pp.123-126
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    • 2024
  • The amendment to the Higher Education Act enforced on February 20, 2024, abolishing the traditional 2-year pre-med and 4-year medical school programs, marks a significant shift in medical education in Korea. The academic system reform is expected to be a driving force for large-scale curriculum revision, presenting an opportunity to introduce new educational innovations not only in curriculum but also in student assessment and support systems. Addressing these challenges requires collaborative efforts among educators, students, and communities to navigate the evolving landscape of medical education effectively. In this regard, I will illustrate the recruitment and development of educators to implement the reform and the collaboration between communities and medical schools to innovate medical education.

The Race for TVs with Higher Luminous Efficiency

  • Weber, Larry F.
    • 한국정보디스플레이학회:학술대회논문집
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    • 2005.07a
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    • pp.3-10
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    • 2005
  • The major display contenders: LCDs, CRTs, PDPs, projection displays, FEDs, SEDs and OLEDs are each examined in terms of the most critical display characteristic, the luminous efficiency. Each technology has great opportunity for improvement, but which one will win the race?

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