• International conference on construction engineering and project management
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• 2013.01a
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• pp.576-582
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• 2013

Typical highway infrastructure systems include roadway pavement, drainage systems, tunneling, and other hardware components such as guardrails, traffic signs, and lighting. Tunnels in a highway system have provided significant advantages to overcoming various natural challenges including crossing underneath bodies of water or through mountainous areas. While only a few tunnel failure cases have been reported, the failure rate is likely to increase as these assets age and because agencies have not emphasized tunneling asset management. A tunnel system undergoes a deterioration life cycle pattern that is similar to other infrastructure systems. There are very few agencies in the United States implementing comprehensive tunnel asset management programs. While current tunnel asset management programs focus on inspection, maintenance, and operation safety, there is an increasing need for the development of a comprehensive life cycle tunnel asset management program. This paper describes a conceptual framework for a comprehensive tunnel asset management program. The framework consists of three basic phases including a strategic plan, a tactical plan, and an operational plan to provide better information to the decision makers. The strategic plan is a basic long term approach of tunnel asset management. The tactical plan determines specific objectives and the operational plan actually applies asset management objectives in practice. The information includes operational condition, structural condition, efficiency of the system, emergency response, and life cycle cost analysis for tunnel capital improvement project planning.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1485-1490
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• 2009

This paper discusses cases of infrastructure asset management in the U.S., Canada, and Australia and investigates infrastructure management in Korea in order to set the direction for the asset management improvement. The definitions of infrastructure asset management from various entities are introduced and implementation framework and organizational structures are described. The investigation on Korean public asset management practices finds the strong and weak points and defines the requirements and considerations to further improve the current practices. This paper will assist adopting infrastructure asset management in Korea and provide guide for the infrastructure maintenance.

• Korean Journal of Remote Sensing
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• v.23 no.5
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• pp.465-471
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• 2007

Many hospitals have been considering new technology such as wireless sensor network(WSN). The technology can be used to track the location of medical devices needed for inspections or repairs, and it can also be used to detect of a theft of an asset. In an asset-tracking system using WSN, acquiring the location of moving sensor nodes inherently introduces uncertainty in location determination. In fact, the sensor nodes attached to an asset are prone to failure from lack of energy or from physical destruction. Therefore, even if the asset is located within the predetermined area, the asset-tracking application could "misunderstand" that an asset has escaped from the area. This paper classifies the causes of such unexpected situations into the following five cases: 1) an asset has actually escaped from a predetermined area; 2) a sensor node was broken; 3) the battery for the sensor node was totally discharged; 4) an asset went into a shadow area; 5) a sensor node was stolen. We implemented and installed our asset-tracking system in a hospital and continuously monitored the status of assets such as ventilators, syringe pumps, wheel chairs and IV poles. Based on this real experience, we suggest how to differentiate each case of location uncertainty and propose possible solutions to prevent them.

• Asia-Pacific Journal of Business
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• v.14 no.1
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• pp.1-19
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• 2023

Purpose - The purpose of this study was to examine the internal relevance between digital transformation, manipulation of asset evaluation and corporate M&A performance and further explores the impact path of manipulation of asset valuation on corporate M&A performance. Design/methodology/approach - This study based on the financial data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2021. Findings - First, manipulation of asset evaluation is negatively correlated with M&A performance. Second, Digital transformation significantly weakens the negative correlation between manipulation of asset evaluation and corporate M&A performance. Third, The effectiveness of internal control plays a partially intermediary role in the process of manipulation of asset evaluation affecting M&A performance. Research implications or Originality - Enriching the existing literature on the subject, the study can also provide useful reference for improving the performance of corporate mergers and acquisitions, regulating asset valuation, promoting the digital transformation of enterprises and improving internal control mechanisms, with both theoretical and practical implications.

• Proceedings of the KIEE Conference
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• 2004.11c
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• pp.426-428
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• 2004

Sensor network supports data delivery from physical world to cyber space Sensors get physical events then wireless network transfers sensor data to service server. We use sensor network technology to manage location information of asset. In ubiquitous computing environment, user localization is basic context for intelligent service. A lot of research group make effort to develop low cost localization technology. In this paper, we propose asset monitoring system using wireless sensor network. It is implemented using ad hoc network technology which can be adopted to smart home and this system can monitor the asset location and movement.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.380-387
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• 2009

In the past, many state Departments of Transportation (DOTs) in the U.S. managed their highway assets on a "worst first" basis and planned their highway projects in a tactical rather than strategic fashion. Due to increasingly tight highway budgets and recognition of long term benefits of asset management systems, the Federal Highway Administration (FHWA) has strongly pushed and encouraged state DOTs to implement asset management for managing their highway assets and highway projects. Currently, many DOTs have actively implemented and are in the process of applying this asset management concept for their highway infrastructure. However, different DOTs are developing different asset management systems because of their different organizational structures, data management structures, relationship with the legislature, and investment priorities. This study first identifies asset management indicators which are essential to successfully implementing asset management systems for State highway assets. The research team conducted a survey of asset management experts and reviewed the practices and policies of leading DOTs in asset management. Based on these indicators, this study develops an Asset Management Assessment Model (AM²) for different asset management systems. This model can be used by different DOTs to evaluate their current asset management systems and identify their strong areas and also their weak areas to improve in order to fully benefit from the advanced concept of asset management.

• The Journal of the Convergence on Culture Technology
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• v.9 no.5
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• pp.9-17
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• 2023

Research on virtual assets has been mainly interested in policy preparation or legislation for the introduction of virtual assets, or virtual asset operation technology, but this study presents investment factors that most asset investors consider important when making investment decisions. By doing so, we came up with research results that are practically helpful to virtual asset investors. According to the research results, (1) virtual asset investors consider business models such as marketability and competitive advantage of virtual assets as the most important factors, and (2) are highly interested in factors that can be objectively judged when investing in virtual assets. The results of this study suggest that a virtual asset trading market environment that can provide objective investment information and discover various judgment factors that enable virtual asset investors to objectively judge virtual assets should be prepared, and that virtual asset businesses using core technologies will continue to grow. This suggests that a variety of policy support is needed to enable this.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.67-72
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• 2003

Infrastructure asset management is a methodology for programming infrastructure capital investments and adjusting infrastructure service provision to fulfil established performance, considering the life-cycle perspective of infrastructure. In this study, the methodologies for infrastructure asset management system implemented in sewer management system, bridge management system, pavement and highway management system, and embankment dam management system are described with focus on the system in U.S. As the major methodology to support the decision-making for asset mangers to better allocate the limited funds to the area needing it the most. various demand forecasting methodologies used in wastewater, water, transportation, electricity, and construction are also introduced for their applicability towards infrastructure asset management.

• Proceedings of the Technology Innovation Conference
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• 1999.06a
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• pp.85-97
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• 1999

Being the new paradigm of "knowledge based economy", knowledge asset get to be the key to evaluate the firm's value. For a instance, Scandia firstly informed the intellectual capital report with its own financial statements in 1994. Some financial institutions have emphasized the roles of knowledge assets in the evaluating firm's value, too. But the concept of knowledge asset is so extensively defined that the result of evaluation is not as much reliable as financial statements. As previous studies examined the firm-specific cases, the sectoral pattern of knowledge asset has been ignored and it cause the difficulty in the empirical study. Moreover, the objectivity of study is ambiguous. Therefore, we regards knowledge asset as a technological knowledge asset. Which is related to R&D(research & development) and technology. Because this definition is more measurable than others and can play a frontier role in evaluating the knowledge asset. We extract the criteria related to the technological knowledge asset through the survey of 'Scandia' and other previous studies and add other criteria, which explain the Korean-specific environments. We gather data from "Technological Innovation"(STEPI, 1997, 1999) and "The bibliography of Korean R&D institutes"(KITA,1998) and "the survey of listed company"(Daewoo Securities, 1998. 1999). As the results of empirical study, the variables which explain the financial value of firms do not reflect the 'technological knowledge asset' well. It results from the factors as followings. Firstly, instead of stock price the proxy measurement related to 'knowledge asset' is needed. Secondly, the sample is biased to the large scale firms so we'll collect samples more broadly. Finally, the concept of 'technological knowledge asset' is too narrow to explain the value of firm. We expect the result of this empirical study gives contribution to the evaluation of firms' value more exactly.

• Journal of the Korean Society of Safety
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• v.30 no.3
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• pp.67-72
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• 2015

Although attention to terrorism has increased sharply in recent years within many countries, it is by no means a new phenomenon. Majority of these countries have limited regulations or guidelines about terrorism. LOP (Level Of Protection) can be consider as a first step. This paper seeks to present a process to determine LOP and allowable damage. LOP is determined by asset value reason why it should be based on cost. The asset value is defined as "cost induced when asset is damaged". For example, the collateral damage outside the facility should be taken in consideration in the asset value. Allowable structural damage is assigned depending on LOP.