• Title/Summary/Keyword: soundness

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Modeling and simulation of RAON cryogenic system using EcosimPro

  • Byeongchang, Byeon;Bokuem, Kim;Denis, Groshev;Sangkwon, Jeong;Taekyung, Ki;Lingxue, Jin
    • Progress in Superconductivity and Cryogenics
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    • v.24 no.4
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    • pp.59-64
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    • 2022
  • The cryogenic system of RAON which is Korea's first heavy ion accelerator was numerically modeled and simulated. EcosimPro which is widely used off-the-shelf numerical software for a large scale cryogenic system was used for the simulation. The model of SRF TF cryogenic system, which is the testbed of cryomodule, was firstly established. The integrity of system of SRF TF was confirmed by comparison of simulation and experimental results. The cool-down strategy to minimize the thermal stress of the cavity was simulated and an optimal strategy was established. In addition, the influence of valve and pump control parameters on the cooling time was investigated, and optimal control parameters were also derived. The cryogenic system of SCL3 that is a low-energy acceleration section including 55 cryomodules, valve boxes, and helium supply lines was also modeled. The soundness of the thermal shield system and interlock system of SCL3 was investigated.

Competition Impacts on the Financial Distress of Firms in the Healthcare Sector in India

  • Venkata Mrudula, BHIMAVARAPU;Jagjeevan, KANOUJIYA;Vikas, TRIPATI;Pracheta, TEJASMAYEE;Rameesha, KALRA;Sanjeev, KADAM;Poornima, TAPAS;Shailesh, RASTOGI
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.175-181
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    • 2023
  • Competition assures improved products and services to meet customers' needs. The soundness of a firm's financial health is crucial for the country's economic well-being. Distressed companies cause investor panic, which has a knock-on effect on the economy and leads to a deterioration in the image and value of the companies. This paper aims to empirically investigate the influence of competition on financial distress (FD) in the healthcare industry using the Altman Zscore values as the proxy for FD. This study uses secondary data from ten healthcare companies operating in India between 2016 and 2020. The study's findings indicate a significant negative relation with the exogenous variables of the study, implying that a higher level of competition enhances a firm's FD or adversely affects financial health. The main implication of the study is two-pronged. Firstly, the firms' managers and decision-makers need not worry about competition as a deterrent to stability. Secondly, the policymakers need not be concerned that high competition may lead to financial stress for the firms. Therefore, this paper concludes that competition is good for firms operating in India.

National Liability and Fiscal Crisis (국가부채의 재정위기 현황과 감당수준)

  • Jung, Do-Jin
    • Asia-Pacific Journal of Business
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    • v.12 no.4
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    • pp.253-270
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    • 2021
  • Purpose - The main purpose of this study is to measure and evaluate the level of national liabilities that Korea's national finances can afford. Specifically, the concepts of national debt and national liability are clarified, and the appropriate level of national liabilities is measured in terms of short-term fiscal crisis, mid-to-long-term fiscal crisis, and GDP. Based on these measurements of fiscal crisis, this study would like to propose national fiscal management plans. Design/methodology/approach - In order to clearly recognize the difference between the national debt and the national liability, this study examines the data from 2013 to 2020. In addition, this study uses data from the national financial statements from 2013 to 2018 to measure the appropriate level of national liabilities in terms of fiscal crisis management. Findings - Short-term fiscal crises, measured by current ratios, will not occur. Nevertheless, in view of the cash flow compensation ratio, the short-term bankruptcy of the national finances of Korea depends on the re-borrowing of short-term borrowings and current and long-term borrowings. In addition, in order to manage the mid-to long-term financial crisis, it is necessary to pay attention to the liability growth rate rather than the liability size. Research implications or Originality - While previous studies focused on the appropriate level of national debt, this study was differentiated as a study focused on the level of national liability coverage. It is expected that the results of this study will be used to manage the national fiscal soundness.

No Root Cap Horizontal Butt-welding with MAG Process

  • Jang, T.W.;Cho, S.H.;Park, C.G.;Lee, J.W.;Woo, W.C.
    • International Journal of Korean Welding Society
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    • v.3 no.1
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    • pp.34-38
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    • 2003
  • It has been used many kinds of horizontal butt-welding methods at block-to-block erection stage in shipbuilding companies. For examples, some companies use conventional FCAW process with one side or both sides groove joint welding, others use carriage with torch holder type mechanized welding method. Although lots of efforts were done until now, some problems in quality and productivity still remain in ship's hull welding. In this study, we have attempted to raise productivity and quality on horizontal position of welding with following 3 items. 1) Prepare groove condition with no root gap for making easy fit-up work. 2) Develop improved MAG (100% $CO_2$ gas shielding) welding process with solid wire for making sound root bead from one side. 3) Develop and apply quite new automatic welding carriage. The stability of new welding process was confirmed by conducting mechanical tests of weldments to verify the soundness of weldments.

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A Study on the Practices for Forfaiting in Foreign Exchange Bank in Korea and Recommendations for Improvement (국내 외국환은행의 포페이팅 취급행태와 개선점에 관한 연구)

  • Kim, Chang-Sun
    • Korea Trade Review
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    • v.42 no.3
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    • pp.25-47
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    • 2017
  • Forfaiting is a trade finance facility whereby financial institution purchases accounts receivable from exporters, on a without recourse basis. After the adoption of K-IFRS in 2011, accounting for simple borrowing as usual negotiation increases debt ratio which in turn, worsens financial soundness of a company. Hence, exporting companies have their interest in forfaiting that enables book-off in order to decrease the borrowing. Along with the execution of URF 800 at ICC and increasing the interest of exporting companies into forfaiting, foreign exchange banks in Korea expand the development of products related to forfaiting. Upon surveying all these national banks of this matter, this paper identified an appropriate solution for the forfaiting practice.

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Ordering of Alloy 690 Steam Generator Tubings in a Nuclear Power Plant (원자력발전소 증기발생기 Alloy 690 전열관 재료의 규칙화 반응)

  • Seong Sik Hwang;Min Jae Choi;Sung Woo Kim
    • Corrosion Science and Technology
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    • v.22 no.3
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    • pp.214-219
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    • 2023
  • Considering the case in the United States where most nuclear power plants with an initial design life of 40 years continue to operate until 60 or 80 years after undergoing material soundness evaluation, it is time to plan a more robust long-term operation strategy for nuclear power plants in Korea. There are some reports that SRO/LRO might be formed when Alloy 690 is heat treated for 10,000 hours to 100,000 hours at 360 to 450 ℃. The possibility of LRO formation in Alloy 690 steam generator tubings of Kori nuclear power plant unit 1 (Kori-1) was investigated using existing research papers. The mechanism in which SRO/LRO occurred was also surveyed. Alloy 690 was found to be more likely to cause ordering than Alloy 600 in terms of alloy composition. The ordering could be evaluated through changes in material properties. However, it is difficult to evaluate it from a microstructural point of view. The likelihood of LRO in Alloy 690 of the Kori-1 plant operated at 320 ℃ for 19 years seemed to be low in terms of time and exposure temperature.

FedEx Earth Smart: Practices of Environment-Friendly Management

  • Jung, Young-Su
    • The Journal of Economics, Marketing and Management
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    • v.3 no.4
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    • pp.21-27
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    • 2015
  • With the recent increasing interest in sustainability management, the latest environmental report tends to be substituted by the expanded sustainability management report. In this work, I would like to introduce the management pattern of a global enterprise that values environmental soundness (environmental friendly) and implements eco-friendly measures. The enterprise chosen in this study is FedEx. In this article, FedEx case is presented how companies can adopt environmental friendly management in their businesses. FedEx has maintained an eco-friendly management since the introduction of the company's eco-friendly transport trucks in 2003, following its development in 2000. In 2005, it installed a solar power plant that can supply up to 80% of the electricity consumed by Oakland Logistics Center in California, USA. FedEx has published the "Global Enterprise Citizenship Report," which contains its business developments in 2009. FedEx has worked hard to minimize the influence caused by packaging of goods to the environment and appealed to customers to use recycled products as much as they can. FedEx also encourages customers to use packaging materials efficiently. A considerable amount of energy has been expended in the eco-friendly programs of FedEx. Although thousands of FedEx vehicles and aircraft operate daily with using large amounts of electricity and fuel, FedEx focuses on energy savings and global environment protection.

Recyled Concrete Aggregate (RCA) in Structural Concrete of Developing Nation: A Cace Study of Ethiopian Construction Industry

  • Damtie, Mitiku;Woldesenbet, Asregedew
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.405-410
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    • 2015
  • Today, the booming construction in Ethiopia is leading to an increased demolition of concrete structures whereby these demolished structures are disposed at landfills. The current practice is creating a huge amount of waste which is environmentally unfriendly and is becoming the main source of pollution in communities. This paper discusses the potential use of demolished concrete from site tested specimens as a recycled aggregate material for new structural concrete. The mechanical, physical and chemical properties of RCA are studied to understand the suitability in the production of recycled concrete. Tests including gradation, unit weight, soundness, density, and abrasion will be conducted to assess RCA properties. Since the percentage of RCA govern the strength of concrete, a C25 concrete is mixed by the ratio of 25%, 50% & 100% RCA with and without water reducing admixture and a control mixture composed of natural aggregate. The output of this study will highly impact the growing construction industry and communities in Ethiopia thereby reducing waste, saving cost, conserving natural aggregates, building capacity and setting quality standards.

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Development of Portable Boiler Tube Health Evaluation System (휴대용 보일러튜브 건전성 평가시스템 개발)

  • Chang Min Lee;Han Sang Lee;Bum Shin Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.3
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    • pp.101-108
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    • 2023
  • Although the proportion of coal-fired power generation is decreasing, efficient operating technology is needed to continuously invest in facilities and reduce maintenance costs until it is abolished. Boilers, one of the main facilities of power plants, operate for a long time in harsh environments of high temperature and high pressure. In addition, damage due to deterioration is likely to occur depending on the fuel and tube material used. It is very important to judge soundness because damage caused by deterioration adversely affects facility operation. Previously, replication method was used to analyze the progress of deterioration. In the replication method, pre-treatment such as chemical treatment is performed on the boiler tube in the field, the area is reproduced by attaching a film, and the replicated film is determined by an expert in the laboratory with an expensive microscope. However, this method involves substantial costs and time requirements, as well as the possibility of human errors. To address these issues, we developed a mobile health assessment system in this research. Since it is detachable and takes images in real time, this system enables swift evaluations across a broad range and facilitates the assessment of preprocessing quality. In addition, it was intended to reduce existing human mistakes by developing a degradation classification algorithm using the merger cluster method.

A Study on the Construction Plan of Machinery Public Platform through the Survey of the Construction Machinery Rental Market

  • Chang Wook Kim;Myeong Jin Jeong;Hyo Bae Lee;Jong Kwan Ho;Myeong Gu Lee
    • International Journal of Internet, Broadcasting and Communication
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    • v.15 no.4
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    • pp.311-325
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    • 2023
  • In the construction machinery rental market, there are frequent cases of sublease through large-scale rental companies or rental through mediation organizations without legal grounds. In addition, institutional improvement of the construction machine safety management system has been required due to concerns over the internalization of legal inspections due to the lack of type approval data and construction machine history management during the construction machine inspection process. The government is responsible for securing safety of construction machinery and promoting mechanization of construction machinery by efficiently managing the construction machinery market by setting safety management such as type approval, registration, and inspection of construction machinery. In order to efficiently implement this, it is required to establish a platform for renting construction machinery and collecting safety management information. We presented a plan to build a public platform for construction machinery to secure the soundness of the construction machinery rental market and to improve safety management.