Journal of Radiation Industry (방사선산업학회지)

Korean Society of Radiation Industry (한국방사선산업학회)
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A Study on Economic Methodology for Deriving Money Coefficients

금전계수 도출을 위한 경제학적 방법론 연구

  • Min-Hee Back (Department of Economics, Chungnam National University)
  • Received : 2023.03.16
  • Accepted : 2023.03.27
  • Published : 2023.03.31
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Abstract

The International Commission on Radiological Protection (ICRP) 103 recommends a cost-benefit analysis method as an auxiliary tool for scientific and rational decision-making for the principle of optimization of radiological protection. In order to conduct a cost-benefit analysis, the safety improvement of nuclear power by regulation must be measured and converted into monetary terms. The improvement of nuclear safety can be measured by reducing the radiation exposure dose of the people, and it is necessary to determine the coefficient to convert the radiation exposure dose into money. The monetary coefficient is calculated as the product of the statistical life value (VSL) and the nominal risk coefficient. In order to derive the monetary coefficient, the willingness to pay (WTP) can be estimated using the contingent valuation method (CVM), which quantifies the value of non-market goods by converting them into monetary units. WTP can be estimated based on the random utility model, which is the basic model for bivariate selection type conditional value measurement data. Statistical life value can be calculated using the estimated WTP and reduction in early mortality, and a monetary coefficient can be derived.

Keywords

Acknowledgement

본 연구는 한국원자력안전재단의 지원을 받아 원자력안전위원회의 재원으로 수행한 원자력안전연구사업의 연구결과입니다(No. 1805016).

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