Ageing Society Issues in Korea*

Korean society is facing unprecedentedly higher population ageing, particularly in the first half of the 21st century. The implications of population ageing have a much wider effect than the welfare of the elderly. From a broader and long‐term perspective, understanding population ageing may require a new paradigm. Korea has attempted to model its policies for ageing society on those of advanced welfare states, but as these no longer seem viable, Korean policy‐makers are searching for more effective and efficient measures to deal with its rapid ageing population. Reflecting a broader and long‐term perspective, the Korean government recently produced a comprehensive national policy plan to deal with the consequences of rapid population ageing. This article outlines the phenomenon of population ageing in Korea and the recent development of national policies for population ageing, describing the Korean comprehensive national policy plan for responding to it and examining major issues and problems related to developing and implementing the plan. This article finally suggests a new, age‐integrated social system approach to an ageing society.     

Determinants of engagement in paid work following social security benefit receipt among older women

Work behavior among older men approaching or following retirement has received considerable research attention over the past two decades, but research on older women's work behavior is still in its incipient stage. Based on data from the 1982 New Beneficiary Survey (NBS) and the 1991 New Beneficiary Follow-up (NBF), this study analyzes the extent and determinants of employment among women who received their first Social Security benefits between 1980 and 1981. More than one fourth of the women continued to work or rejoined the labor force following their first Social Security benefit receipt. Financial need was found to be the primary reason for and the most significant determinant of women's continuing work or (re)entry into the labor force. But the level of education, health, spouse's work status, and previous work history were also found to be significant determinants of the likelihood and duration of their employment following Social Security receipt.     

Model selection for factor analysis: Some new criteria and performance comparisons

This paper derives Akaike information criterion (AIC), corrected AIC, the Bayesian information criterion (BIC) and Hannan and Quinn’s information criterion for approximate factor models assuming a large number of cross-sectional observations and studies the consistency properties of these information criteria. It also reports extensive simulation results comparing the performance of the extant and new procedures for the selection of the number of factors. The simulation results show the di?culty of determining which criterion performs best. In practice, it is advisable to consider several criteria at the same time, especially Hannan and Quinn’s information criterion, Bai and Ng’s IC_p2 and BIC₃, and Onatski’s and Ahn and Horenstein’s eigenvalue-based criteria. The model-selection criteria considered in this paper are also applied to Stock and Watson’s two macroeconomic data sets. The results differ considerably depending on the model-selection criterion in use, but evidence suggesting five factors for the first data and five to seven factors for the second data is obtainable.     

Likelihood approach for evaluating bioequivalence of highly variable drugs

Bioequivalence (BE) is required for approving a generic drug. The two one‐sided tests procedure (TOST, or the 90% confidence interval approach) has been used as the mainstream methodology to test average BE (ABE) on pharmacokinetic parameters such as the area under the blood concentration‐time curve and the peak concentration. However, for highly variable drugs (%CV > 30%), it is difficult to demonstrate ABE in a standard cross‐over study with the typical number of subjects using the TOST because of lack of power. Recently, the US Food and Drug Administration and the European Medicines Agency recommended similar but not identical reference‐scaled average BE (RSABE) approaches to address this issue. Although the power is improved, the new approaches may not guarantee a high level of confidence for the true difference between two drugs at the ABE boundaries. It is also difficult for these approaches to address the issues of population BE (PBE) and individual BE (IBE). We advocate the use of a likelihood approach for representing and interpreting BE data as evidence. Using example data from a full replicate 2 × 4 cross‐over study, we demonstrate how to present evidence using the profile likelihoods for the mean difference and standard deviation ratios of the two drugs for the pharmacokinetic parameters. With this approach, we present evidence for PBE and IBE as well as ABE within a unified framework. Our simulations show that the operating characteristics of the proposed likelihood approach are comparable with the RSABE approaches when the same criteria are applied. Copyright © 2014 John Wiley & Sons, Ltd.     

Two-stage proportionate flexible flow shop to minimize the makespan

We consider a two-stage flexible flow shop problem with a single machine at one stage and m identical machines at the other stage, where the processing times of each job at both stages are identical. The objective is to minimize the makespan. We describe some optimality conditions and show that the problem is NP-hard when m is fixed. Finally, we present an approximation algorithm that has a worst-case performance ratio of $\frac{5}{4}$ for m=2 and $\frac{\sqrt{1+m^{2}}+1+m}{2m}$ for m≥3.     

A hybrid genetic algorithm for train sequencing in the Korean railway

This article addresses the train-sequencing problem encountered in the Korean railway. It first presents a mixed integer programming model for the problem, in which the mileage must be balanced for each train route, while various field constraints must be satisfied, including overnight stay capacity and maintenance allocation restrictions. Then, it proposes a hybrid genetic algorithm as a solution approach to the problem. The proposed algorithm utilizes a modified elite group technique along with two heuristic procedures based on the mixed integer programming model. Finally, the proposed solution approach is tested with real-world data from the Korean railway. Numerical experiments under different conditions indicate that the proposed solution approach to the train-sequencing problem is promising.     

The empirical analysis of the -bilateral optimized combinatorial auction model

This study proposes a new and highly efficient dynamic combinatorial auction mechanism—the N-bilateral optimized combinatorial auction (N-BOCA). N-BOCA is a flexible iterative combinatorial auction model that offers more optimized trading for multiple suppliers and purchasers in the supply chain than one-sided combinatorial auction. We design the N-BOCA model from the perspectives of market architecture, trading rules, and decision strategy for winner determination, the decision strategy for winner determination needs flexible optimization modeling capability. Thus rule-based reasoning was applied for reflecting the flexible decision strategies. We also show the viability of N-BOCA through Paired Samples T-test experimentation. It shows that N-BOCA yields higher purchase efficiency and effectiveness than the one-auctioneer to multi-bidders (1-to-N) combinatorial auction mechanism.     

Minimizing makespan in an ordered flow shop with?machine-dependent processing times

We consider a generalization of the proportionate flow shop problem with the makespan objective. Each job has a processing requirement and each machine has a characteristic value. In our case, we assume that the time a job occupies a machine is equal to the processing requirement of the job plus a setup time that is equal to the characteristic value of that machine. In this paper, we consider permutation schedules and show that the problem is solvable in polynomial time when the number of machines is fixed.     

What Affects the Happiness of Adopted Children in South Korea? Does the Adoption Matter to Their Happiness?

Child and Adolescent Social Work Journal - Since the ultimate goal of adoption is to provide children a happy life in a stable family environment, our major concern is children’s happiness...     

Static Numbers to Dynamic Statistics: Designing a Policy-Friendly Social Policy Indicator Framework

In line with the economic crisis and rapid socio-demographic changes, the interest in ??social?? and ??well-being?? indicators has been revived. Social indicator movements of the 1960s resulted in the establishment of social indicator statistical frameworks; that legacy has remained intact in many national governments and international organisations. With this background, this research examines whether existing social indicator frameworks are valid and effective enough to address increasingly complex social issues. The authors argue that, despite some improvements, current social indicators fail to provide an effective framework and tool for measuring the progress of social welfare and also for developing or reforming social policy to cope with newly emerging social problems. While proposing a new social indicator framework based on the Organisation for Economic Co-operation and Development??s pressure-state-response (PSR) model, the paper argues that the new framework should be more than displaying static numbers but should use dynamic statistics revealing causes and effects and shedding light on social and policy changes.