• Journal of the Korea Institute of Building Construction
• /
• v.14 no.6
• /
• pp.591-596
• /
• 2014

This study investigates the perception of the sunken costs of an urban development project, which is currently a social problem through a questionnaire survey. The results indicate that local and federal governments, political authorities, association members, landowners, etc. partially recognize their responsibility in bearing the sunken cost. It is also found that all stakeholders who participated in the maintenance project felt shared responsibility of bearing the sunken costs and exchanging solutions to mitigate the same, rather than making one party deal with the same. This study also suggests that with regard to reducing these sunken costs, the public sector should offer indirect support (by bearing the cost of infrastructure, tax benefits, regulation relaxation, etc.) rather than direct support so that the association members can make a reasonable choice on the project execution.

• Journal of the Korean Society for Marine Environment & Energy
• /
• v.8 no.4
• /
• pp.193-202
• /
• 2005

Marine risk assessment considers events such as collision/grounding, sinking/capsize, fire/explosion and flooding, developing relationships between their causes and effects. In addition, risk assessment of previously sunken ships are also necessary since they continuously have possibility for further oil spill or can cause other marine accidents. The objective of this paper is to develop the risk assessment systems for sunken ships to prevent oil spill and further marine causalities in order to preserve safe and clean oceans around Korea peninsula. The risk assessment systems for sunken ships comprise of database management sub-system for sunken ships, qualitative risk assessment sub-system, quantitative risk assessment sub-system, and cost-benefit analysis subsystem.

• Journal of the Korean Society of Marine Environment & Safety
• /
• v.21 no.3
• /
• pp.309-314
• /
• 2015

A sunken ship often involves an oil spill. This paper was carried out to minimize environmental and cost damages stemming from oil spil of sunken shipl. Through the analysis of both the standards of the oil tank system and installation, we have identified potential oil spill sites and proposed a remedy of prevention. The result of study, the air pipes of the oil tank are a vulnerable point for oil spill. Also, the remote control devices of emergency shut-off valve have poor accessibility at abandon ship, making it difficult to shut off the emergency shut-off valve. Thus, we propose the addition of a remote quick closing valve in the air pipe and the building of a central control system.

• Journal of the Korean Society of Marine Environment & Safety
• /
• v.23 no.5
• /
• pp.462-472
• /
• 2017

Sunken vessels on major fairways can cause many problems in terms of maritime safety and the marine environment. In order to prevent secondary marine pollution accidents caused by sunken vessels, information on sunken vessels has been collected, a risk assessment has been conducted, and the relevant vessels are being managed according to the results of each assessment. However, there is still a demand for improvements. The most important of the improvement plans is a paradigm shift. In other words, the management of sunken vessels needs to be transformed according to a new paradigm to manage all sunken vessels within three years from the time of sinking. Legislative improvements are also needed for the reporting system for sunken vessels, risk assessment tools, the implementation of risk mitigation measures, and criteria for the implementation cost of risk mitigation measures. In addition, close coordination between marine pollution response and sunken vessel management efforts is needed. As the division of duties between the Korea Coast Guard and the Ministry of Oceans and Fisheries is vague, collaboration between the two ministries is required. Close collaboration is also needed between the departments of navigation safety management and sunken vessel management. Therefore, it is necessary to more clearly establish the relationship between the two systems and create a synergy effect between the two administrative operations using the results of the risk assessment in the Marine Environment Management Act to determine the navigational risk posed by obstacles with regard to the Maritime Safety Act.

• Journal of the Korean Society for Marine Environment & Energy
• /
• v.6 no.3
• /
• pp.54-62
• /
• 2003

This paper surveys a number of remotely operated recovery techniques and their recent applications in the removal of the toxic liquid from sunken ships, and suggests the appropriate recovery technique for our ocean environment, especially, in view of its cost and efficiency. Authors also give the technical requirements for the suggested remotely operated recovery system and the basic design result which is well-matched with such requirements.

• Journal of the Korean Operations Research and Management Science Society
• /
• v.41 no.1
• /
• pp.55-69
• /
• 2016

In response to drastic environmental changes, companies have been continuously rebalancing their resources and capabilities to sustain their competitive status or to survive difficult times. The aim of this study is to analyze the effect of sudden environmental changes on the competitive status of a firm and to identify the internal factors that differentiate sustainer and non-sustainer groups. To achieve this goal, we selected 85 representative IT and non-IT companies from the S&P 500 companies and investigated them with respect to the change in their five-year competitive status since the 2008 global financial crisis. As a concrete performance measure, the concept of perceived competitive status (PCS) was introduced, and four distinct PCS categories were identified by using the stock price changes during the selected period. The four distinct PCS categories are "sustaining," "drifting," "deep sunken," and "bouncing back." Discriminant analysis was performed on these four distinct PCS categories. The empirical study conducted showed that revenue and cost efficiency are the most discriminating factors, especially in the economic recovery period. In particular, stronger financial liquidity was observed in high-performing "bouncing back" companies than in the other category companies.