• Journal of Preventive Medicine and Public Health
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• v.28 no.2 s.50
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• pp.450-461
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• 1995

This paper tested by using Micro TSP, an empirical econometric analysis to approve officially a hypothesis of price elasticity of the demand for medical care services in Korean national medical insurance and the economic effect of health care delivery system with time-series datas of Medical Insurance Statistical Yearbook$(1981\sim1993)$. The results suggest that the Korean medical insurance system shows moral hazard due to the change of coinsurance and the economic effect according to intervention of the health care delivery system, but it is different by insurers regardless of the same structure of the medical insurance scheme.

• Proceedings of the KIEE Conference
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• 2000.07a
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• pp.379-381
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• 2000

In the new electric industry, many of generators and consumers exist in competitive market and electric price is determined by the response of suppliers and consumers. Power supply and consumption make change the electric price and social welfare depends on the elasticity that indicates sensitivity to changes of price related on the electric demand or supply. If elasticity is changed, social welfare that represents the sum of producers and customers surplus will be changed together. This paper investigates the change of the social welfare depending on the elasticity, and presents the propriety of competitive electric market.

• Information and Communications Magazine
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• v.12 no.7
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• pp.88-95
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• 1995

신상품이나 신규 통신서비스의 수요 예측은 사업의 경제성 분석과 초기 시설투자 계획을 수립함에 있어 필수적이다. 그러나, 과거 자료가 없는 경우에 적용할 수 있는 기존의 수요예측방법은 비계량적인 방법들로서 객관성이 떨어지므로 가능한 한 주관적인 요소나 임의성을 배제할 수 있는 방법이 필요하다. 이에 본 연구는 저궤도 이동위성통신 서비스의 수요예측 사례를 중심으로 계량적인 모형에서 추정이 불가능한 모수들을 비계량적인 방법을 통해 추정함으로써 계량적인 방법과 비계량적인 방법을 결합한 수요예측방법을 제안한다. 본 연구에서는 기존 통신서비스와의 비교유추를 통하여 확산계수를 도출하고 설문자료로부터 잠재시장규모를 추정함으로써 신규 통신서비스의 확산과정을 예측하고 가격에 대한 수요의 탄력도를 도출한다.

• Environmental and Resource Economics Review
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• v.24 no.4
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• pp.747-761
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• 2015

This paper investigates the impact of an increase in unit price of solid waste collection on demand for alternative solid waste disposal types. I control for other variables affecting the demand and employ both community and time fixed effects models in the estimation of each reduced-form demand functions. Estimation results show that an increase in unit price reduces the demand for garbage bag collection services of non-food solid wastes while it increases the demand for food wastes and source-separated recyclables. These results imply that reduction in the demand for non-food solid wastes collection is mainly achieved by increasing the amount of recyclables and food wastes collected. However, it appears that an increase in unit price increases the total amount of solid wastes generated. This suggests that price incentive effects are offset by the decrease in source-reduction efforts because of feedback effects resulting from the increase in recycling, food waste separation, and illegal disposal of wastes.

• Environmental and Resource Economics Review
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• v.29 no.4
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• pp.499-520
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• 2020

Input ratio of electricity to other production inputs in the Korean manufacturing sector has been higher than for the other OECD countries. In addition, electricity prices in Korea has been relatively lower than the average of OECD countries. Moreover, electricity sector is responsible for most CO2 emissions in Korea as coal and natural gas account 41.9% and 26.8% of electricity production as of 2018. Therefore, it looks inevitable to raise the electricity tariff for the manufacturing sector in Korea, but there is a concern that increase in the electricity tariff might affect small and medium enterprises (SMEs) more than large firms. This study estimates electricity demand's price and output elasticities for large firms and SMEs in steel industry by employing a time varying parameter model (Kalman filter). The analysis shows that changes in output levels regardless of firms' size affect electricity demands more significantly than do changes in electricity prices. Second, large firms have higher variances for both price and output elasticities of electricity demand. Third, large firms have higher price elasticity but lower output elasticity of electricity demand relative to SMEs. Policy implications are suggested in association with how to reduce electricity demands in the energy-intensive industry.

• The Journal of the Convergence on Culture Technology
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• v.8 no.3
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• pp.485-491
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• 2022

The traditional economic order quantity (EOQ) model is analyzed under the basic assumption that the purchase price is paid immediately upon receiving the product. However, product suppliers may allow a certain period of deferral of payment for product purchase costs in order to differentiate themselves from competitors. From the distributor's point of view, such a credit transaction can temporarily divert product purchase costs, resulting in a reduction in inventory investment costs, and ultimately, a factor that lowers the selling price for the purpose of increasing end-customer demand can be. In addition, in that credit transactions are provided for the purpose of increasing the demand of suppliers as a means of differentiation from competitors, it is more general to be allowed flexibly according to the transaction volume. In this regard, assuming that the end customer's demand is represented by a linear decreasing function of the distributor's selling price, this study analyzes a model for determining the distributor's pricing and ordering policies under order-size-dependent delay in payments. For the analysis, we also assume that the inventory is depleted not only by customer's demand but also by decaying.

• Journal of Korean Society of Transportation
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• v.23 no.8 s.86
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• pp.67-75
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• 2005

This study analyzed the relationships between expenditures on transportation and those on communications, using consumer expenditure data from the U.S. for the 19 years 1984-2002. We first identified 12 categories of goods for transportation and communications, and then applied the linear approximate Almost Ideal Demand System(LA/AIDS) method for estimating consumer demand functions based on aggregating the categories to five (public transportation, personal vehicle capital, personal vehicle operation, electronic communications media, and print communications media) due to the small sample size. Expenditure and price elasticities were also calculated at mean values of expenditure shares. The results indicate that transportation and communications categories have both substitutive(e.g. public transportation and electronic communications media) and complementary(e.g. private vehicle capital and electronic communications media) relationships. Additionally, expenditures in the transportation categories are generally more income-elastic than those in communications.

• Journal of Biosystems Engineering
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• v.10 no.2
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• pp.55-62
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• 1985

박(朴)(1982, 1983, 1984 및 1985)이 개발(開發)한 배합사료공장(配合飼料工場)의 투자비용(投資費用) 및 운전비용(運轉費用)의 수학적모형(數學的模型)을 이용(利用)하여, 배합사료공장(配合飼料工場)의 적정(適正) 시스템의 설계(設計)를 예(例)를 들어 소개하였다. 적정(適正)시스템의 설계(設計)를 위(爲)하여 비선형(非線型) 프로그램의 "Single Objective Programming Problem(단일목적함수(單一目的函數))"와 "'Multiple Objective Decision Making Method(다목적함수(多目的函數))"의 2가지 방법(方法)을 적용(適用)하였다. Single Objective Programming Problem에서는 "Generalized Reduced Gradient(GRG) Method"를 이용(利用)하였고, Multiple Objective Decision Making Method(MODM)에서는 "Interactive Nonlinear Goal Program(INGP)"를 이용(利用)하였으며 그 결과(結果)는 다음의 몇가지로 요약(要約)할 수 있다. 1. 박(朴)이 개발(閒發)한 수학적(數學的) 모형(模型)들은 2 가지 방법(方法) 모두 사료공장(飼料工場)의 최적화(最適化) 설계(設計)에 효과적으로 이용(利用)할 수가 있었다. 2. MODM방법(方法)에 의(依)하여 얻어진 최적(最適)시스템은 Single Objective Program Problem에서 구(求)한 결과(結果)보다 균형(均衡)이 있는 시스템이었으며 장래(將來)의 사료원료(飼料原料), 사료구매시장(飼料購買市場), 기타 다른 조건(條件)들의 변화)에 대(對)해서 보다 탄력(彈力)이 있는 시스템으로 나타났다. 3. 엄밀한 의미(意味)에서 절대적(絶對的)인 최적사료공장(最適飼料工場)이란 있을 수 없으며, 주위의 조건(條件), 원료가격(原料價格), 사료가격(飼料價格), 공장주(工場主)의 취향 및 설계조건등(設計條件等)에 따라 최적(最適) 시스템은 각각(各各) 다르게 나타난다.

• Journal of the Korean Society of Food Culture
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• v.21 no.3
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• pp.254-261
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• 2006

The purposes of this study were to measure price elasticities of menu items of a family restaurant, identify differences of price elasticity between subgroups, and provide a comprehensive understanding on price elasticity. 3 menu items of a salad buffet family restaurant in Seoul were selected for analyses, and a questionnaire was developed through literature review and modified after pilot test. The questionnaires for main survey were distributed to 250 customers on their visit to the restaurant, and a total of 139 questionnaires were used for analyses (55.6%). Statistical analyses were conducted using SPSS Win (12.0) for descriptive analyses, t-test, ANOVA, and the main results of this study were as follows. The demands were expected very elastic to the changes in prices of all 3 menu items, and there were significant differences between groups of different company types. In addition, the changes in use were less affected by the changes in menu price when customers were satisfied with each menu item. On the basis of these results, it was concluded that price increases of menu items should be companied by quality improvement of products and services, and differentiated marketing strategy for each segments of customers would be helpful to profitability of the restaurant. Overall, measurement of price elasticity could help to predict customer behaviors on price changes, and give much useful information for managers and marketers of foodservice organizations in development of price strategies.

• Journal of Korea Port Economic Association
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• v.36 no.1
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• pp.23-40
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• 2020

This study examined the background of IMO environmental regulations and countermeasures of domestic and foreign liner shipping companies and also analyzed the additional cost and profitability of container shipping companies by implementation of IMO 2020, when the fuel oil is converted to low sulfur oil. The results show that the national flag carrier would incur significant additional costs when using low sulfur oil, which would worsen its profitability in all scenarios. These analysis results suggest that for regional shipping companies need reasonable BAF setting standards, which is flexible to the price of fuel oil and also seek ways to co-exist through mutual cooperation among oil refiners, shippers and shipping companies.