• Journal of the Korean Society of Propulsion Engineers
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• v.24 no.2
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• pp.35-42
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• 2020

Recently the reusable launch vehicle is being a major trend in the worldwide space market, because a few commercial companies, especially SpaceX, are trying to cut down the launch price through developing and succeeding the reusable launch vehicles. However, there is still a big controversy about whether in view point of the launch cost which is more favorable between expendable and reusable. Therefore, a study and close examination is required for the launch cost in the early development phase of the reusable launch vehicle. In this study the sensitivity analysis is performed with respect to the major cost parameters which have great effects on the launch cost and price. The standard vehicle of this sensitivity analysis is the expendable vehicle having a payload 20 tons. The cost estimation relationships used in this calculation are referred from the commonly proven cost models such as TRANSCOST. The major cost parameters chosen in this study are as follows: development cost, production cost, refurbishment cost, and maximum reusable number.

• Journal of Navigation and Port Research
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• v.41 no.4
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• pp.181-188
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• 2017

In the existing ship sales market, prices determined based on the prices of similar ship types that recently traded. ince the 2008 financial crisis, ship prices have fluctuated, and ship price criteria have become ever more necessary to the imminent value of the ship. Therefore, this research used the hedonic price model to estimate imminent values of ships. In this study, the influence on ship prices was analyzed by the value of each characteristic and an estimated functional formula was. Out of the four models suggested by the hedonic price model, an optimal model was selected with variance inflation factors and a stepwise selection. For this, the influence of determinants of ship prices was analyzed based on actually traded ships and characteristic data. The selected model s the Log-Line model; as a result of regression analysis, eight variables, including DWT, Age, Market Value, Short-Term Charter, Long-Term Charter, Enbloc, Special Survey Due and Builder were to affect the ship price model. This model is expected to be useful for objective and balanced ship price evaluation.

• The Korean Journal of Financial Studies
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• v.3 no.2
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• pp.1-49
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• 1996

본 논문에서는 자본시장의 변동성을 충분히 해명할 수 있는 가격결정모형이 정립되었다. 자본 자산의 가격은 세개의 위험에 대한 프리미엄의 총화임이 도출되었다. 이 세개 위험은 소비베타와 유사한 형태를 갖는 모수, 시장베타와 유사한 형태의 모수, 그리고 총국민생산의 성장률과 자산과의 공분산에 의하여 정의되는 모수이다. 이 모수를 각각 소비위험모수, 시장위험모수 및 생산위험모수라 할 수 있다. 자산의 가격을 결정하기 위하여 가격화(pricing)되는 체계적 위험이 세개라는 것은 중요한 함의인 것이다. 자산의 가격은 소비와 시장에 의하여 결정된다. 소비와 시장은 자체의 독립적 영역과 서로 상대에 대하여 상호작용하는 영역을 갖는다. 독립적 영역에서 생성되는 위험이 소비모수와 시장모수로 표상되며, 이 양자의 상호작용관계가 생산모수로 귀일한다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.9
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• pp.108-115
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• 2018

Time is considered as an important factor to understand the diffusion behavior of single generation technology. However, multiple generation technology required additional factors in addition to time to understand the diffusion behavior. This study defined the diffusion path of multiple generation technology based on dimensions of 'time, price, and performance' after extracting price and technical performance factors and traced the diffusion path of semiconductor industry based on defined dimensions. The case study of semiconductor industry indicated that the diffusion path is determined maximizing the integrated area of price and performance. This study has theoretical implications in that it analyzed the diffusion behavior of multiple generation technology based on multiple dimensions and can forecast the diffusion behavior at matured as well as early stage technology. Also, this study has practical implications for R&D and marketing managers to understand time-to-market, exit time, and economical as well as technical requirements.

• Journal of the Korean Geographical Society
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• v.39 no.6 s.105
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• pp.907-921
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• 2004

Lots of characteristics such as dwelling, neighborhood, and accessibility characteristics affect to the housevalue. Many researches have been done to identify values of each characteristic using hedonic technique. However, there is a limit to identify interaction of each characteristic and variation of each characteristic among the accessibility context. This paper has implemented the Expansion Method research paradigm to model the housevalue determination process in the city of Seoul. The findings of this paper have revealed the presence of contextual variations in the housevalue determination process. The initial model for housevalue reveals that as $F_1$ increases (i.e., larger the number of rooms/bathrooms, larger parking space) and/or $F_2$ increases (i.e., higher owner occupied housing units, higher apartment housing units) and/or $F_3$ increases, (i.e., higher the ratio of higher than college graduated households, 8 school zone, older housing units) the estimated housevalue increases. However, the above relationships drift across their respective contexts. The houses which have negative $F_1$ value, the housevalue does not fluctuate according to the distance to the city center or subcenters. However, the houses which have positive $F_1$ value, the closer to the subcenters or shorter to the river, the higher the estimated housevalues. On the other hand, in areas far from the subcenters, the estimated housevalues does not fluctuate much according to the corresponding $F_2$ level. In areas close to the subcenters, the estimated housevalues vary tremendously according to the $F_2$ value. In the residual analysis, it is revealed that large apartment which are located in Kangnam, IchongDong, MokDong are underestimated. This paper has contributed to our understanding of the housevalue determination process by providing an alternative conceptualization to the traditional approach.

• Korean Journal of Construction Engineering and Management
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• v.24 no.5
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• pp.44-51
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• 2023

Selecting appropriate bidding system in construction projects considering the characteristic of project can be a make-or-break element, so the understanding for bidding system of public construction projects is ever more important from the perspective of both the owner and the contractor. The design-build bidding is commonly referred to as turnkey in Korea, and is a bidding method that is often applied to large public construction projects because it allows new technologies to be applied to the design and facilitates risk management for the owner. In this bidding method, there are only two factors (design score and price score) that affect the selection of the winning bidder, so it is important to understand the influence of each factor, but there is little research on the subject. This study aims to provide a basis for establishing bidding strategies for understanding the influence between design score and price score by analyzing various design-build bidding data of public construction projects. The results of the study show that design score is the factor that has more influence on the ranking of bidders in all three weighted evaluation methods: design-emphasized, price-emphasized, and equalized evaluation. In addition, we found that the correlation between design and price scores was not significant due to the unique bid evaluation structure in Korea.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.38 no.5
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• pp.741-749
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• 2018

The purpose of this study is to propose a rational and scientific damage calculation model in relation to damages caused by bid rigging in construction projects. Previous studies and precedents in relation to calculating damages from bid rigging suggest that the main issue was the lack of consideration in standards for deciding successful bids, selection of inadequate standard comparative markets, insufficiency in analyzing the appropriateness of competitive bid price influence factors, and absence of calculation model verification. In order to improve on these issues, a damage calculation method on alternative tenders for construction projects was proposed. For this calculation model, first, a standard market adequate to the successful bid selection standards was determined, second, an appropriate factor was selected by analyzing the correlation between competitive bid price influence factors, and third, a regression analysis was conducted on the selected factor. Lastly, this was demonstrated through verification of appropriateness, significance & normality of the proposed model and application of actual bid rigging cases. Through the proposed calculation model, this study seeks to serve as a base to prevent opportunity damages for parties involved in related court cases by early resolution of disputes and relief from issues of unfair damage burdens on a particular party.

• Journal of Korean Society of Transportation
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• v.12 no.4
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• pp.65-88
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• 1994

교통수요와 공급은 상호 밀접한 연관성을 지니고 있다. 교통수요는 교통시설 서비 스수준 및 교통시설의 이용가격에 영향을 미치는 반면에 교통시설 공급비용과 서비스수준은 교통수요에 영향을 준다. 또한, 교통수요와 공급간의 상호작용은 도시공간상에서 발생하기 때문에 교통시스템의 공간적 구조 및 도시의 공간적 특성은 공급, 가격 및 수요를 통합한 교통균형모형에 있어서 매우 중요한 영향인자로 작용하게 된다. 그러나, 이제까지 개발된 교통균형모형에서는 통행인의 통행시간가치 및 교통체증의 도시공간상 변화가능성을 적절하 게 반영하지 못하고 있다. 본 연구에서는 도시공간상에서 통행인의 통행시간가치 변화패턴 을 반영한 수 도시공간상에서의 교통시설의 최적 서비스 수준, 교통수단별 최적요금체계를 도출할 수 있었다. 단핵도시구조를 지닌 도시공간상에서의 최적버스요금은 통행거리에 따라 할증되는 체계를 가져야 한다. 선행연구에서는 승용차에 대한 통행혼잡세 부과는 소득역분 배적인 효과를 초래하는 것으로 알려졌다. 그러나 버스의 요금구조나 서비스 수준이 최적수 준에서 제공된다면 통행혼잡세는 소득역분배적 결과를 초래하지 않는 것으로 나타났다.

• Journal of Korean Tunnelling and Underground Space Association
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• v.16 no.2
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• pp.125-133
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• 2014

In this study, TBM selection methods to meet soil and site conditions were presented. Factors and excavation equipment affecting TBM selection by soil and environmental condition were selected and classified. Weights between equipment and influencing factors selected were calculated by applying the AHP (Analytic Hierarchy Process) method. The results of the analysis influence factors, Ground condition was a major factor in objective factors and strength was a major factor in the hard condition of criteria factors and water pressure was a major factor in the soft ground condition of criteria factors. In Environment condition, existence of adjacent structures was evaluated more important than existence of feasible site. Lastly, Adequacy was verified through the deduction of results that coincide with input equipment by applying derived weights to actual site conditions.

• Journal of Distribution Research
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• v.16 no.3
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• pp.105-133
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• 2011

Short Abstract: This study investigates the effects of price and other variables on consumers' purchasing decision for eco-friendly foods. This study pays particular attention to the effect of price that may influences consumers' decision to buy eco-friendly foods. The empirical findings are summarized as follows. First, the descriptive results of the survey show that "detailed explanation for the products," "distribution channel," "reliability of the labeling for eco-friendly foods" are more important than price and other factors. Second, the ordered logit analysis vindicates that such situational factors as number of children and existence of patient in the family are the most important variables to explain the degree of satisfaction level when considering the price level of eco-friendly foods. Finally, the results of the conjoint analysis indicate that consumers regard distribution channel as the most important factor, and reliability of labeling system and level of price position second and third, respectively. The present study concludes with suggesting some policy implications and directing future studies.