• Journal of Korean Electronics
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• v.14 no.6
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• pp.67-75
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• 1994

• Journal of the Korean Data and Information Science Society
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• v.25 no.6
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• pp.1361-1369
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• 2014

This research is for analyzing the change rate of housing rent price index produced by KAB (Korea Appraisal Board) in the monthly periodical, Survey on Housing Monthly Rent. The index is a very important and useful indicator to understand and diagnose the house rental market. However, the index is criticized in that it tends to decline when the price level of Jeonse (i.e., a typical type of dwellings in Korea, generally leased on a deposit basis for 1 or 2 years) is highly going up, which is inconsistent with the actual economic sentiment of tenants. We verify the reason why such phenomenon occurs and suggest a simple but novel method to analyze properly the change rate of the index. The main findings are as follows. The key factor to trigger the problem is the use of the conversion rate for Jeonse-to-monthly rent for constructing the rent price indexes. We separate the effect of the conversion rate out of the change rate of the index and quantify the adjusted real change rate showing an increase of the rent price level which is masked by the conversion rate before.

• The Journal of Engineering Geology
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• v.26 no.4
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• pp.485-495
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• 2016

To reinforce and improve the soft ground under a breakwater while using materials efficiently, the replacement ratio and leaving periods of surcharge load are optimized probabilistically. The results of Bayesian updating of the random variables using prior information decrease uncertainty by up to 39.8%, and using prior information with more samples results in a sharp decrease in uncertainty. Replacement ratios of 15%-40% are analyzed using First Order Reliability Method and Monte Carlo simulation to optimize the replacement ratio. The results show that replacement ratios of 20% and 25% are acceptable at the column jet grouting area and the granular compaction pile area, respectively. Life cycle costs are also compared to optimize the replacement ratios within allowable ranges. The results show that a range of 20%-30% is the most economical during the total life cycle. This means that initial construction cost, maintenance cost and failure loss cost are minimized during total life cycle. Probabilistic analysis for leaving periods of shows that three months acceptable. Design optimization with respect to life cycle cost is important to minimize maintenance costs and retain the performance of the structures for the required period. Therefore, more case studies that consider the maintenance costs of soil structures are necessary to establish relevant design codes.

• Proceedings of the Korea Water Resources Association Conference
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• 2021.06a
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• pp.462-462
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• 2021

최근 도시화 및 불투수면의 증가와 지하수의 과다한 사용으로 직접유출이 증가하고, 침투량이 감소하며, 하천의 건천화가 발생하고 있다. 이에 환경부에서는 이러한 물순환의 왜곡을 막기위해 물환경보전법상의 물순환율을 정의하고 물순환 관리목표를 설정하였다. 하지만 지역 별 물순환 특성을 반영한 관리계획이 부족하고, 현재 제한된 재원의 효율적 활용을 위해서는 물순환 관리지역에 대한 우선순위 결정도 필요하다. 본 연구에서는 PSR framework를 통해 유역 물순환 평가방법론을 만들고 이를 활용한 지역별 관리계획 및 우선순위를 결정하고자하였다. PSR framework는 지속가능성을 위해 OECD가 개발한 개념 모형이며, Pressure, State, Response 세 가지 요소로 구분해 평가하게된다. PSR framework의 기본 개념은 인간의 활동들이 환경에 압력 (P)를 주고, 이로 인해 자연의 질과 영향 (S)을 미치며, 이에대한 회복을 위해 인식과 행동을 통해 정책과 제도 등을 통해 반응 (R)한다는 것이다. 유역 물순환을 4가지 그룹 (기후, 수문학적, 사회경제학적, 환경적)으로 구분하고 각 그룹 별 평가요소에 대하여 도출하였다. 기후그룹은 강우, 수문학적 그룹은 증발산, 토지이용, 유출특성을, 사회경제학적 그룹은 재정, 사회구조, 기반시설, 정책을, 환경적 그룹은 수질, 수생태계를 선정하였다. 이후 각 요소 별 평가를 위해 다양한 지표를 고려하여 선정하였으며, 각 지표를 PSR framework에 맞춰 재분류하였다. 각 지표를 하나의 점수로 통합하기 위해 지표 별 가중치를 산정하였으며, 이때 연구자의 주관이 반영되지않는 엔트로피 기법을 이용하여 산정하였다. 구한 식을 통해 우리나라 소유역구분을 기준으로 모든 지표를 계산하였으며, 각 지표에 가중치를 적용해 유역 종합점수를 산정하고 유역 별 취약지역 및 취약요소를 평가하였다.

• International Area Studies Review
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• v.14 no.2
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• pp.61-78
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• 2010

The paper is basically attempted to reveal a possibility of monetary unification and setting an anchor currency in North East Asian economies such as South Korea, China, and Japan. The Cobb-Douglas utility function is tentatively built by a Walrasian economic framework. Korean Won(KRW) is represented for a numeraire in a structural model, and the estimation of a parameter is performed by 2SLS and GARCH-M models. Empirical evidence is found that not only monetary unification itself in this regime seems not to be practicable, but also setting an anchor currency by Chinese Yuan(CNY) or Japanese Yen(JPY) is also inappropriated due to the fact that the estimated parameter is not converged to a unity. Walrasian equilibria are enhanced by the convergence to a unity in the model. It also has to be mentioned that a number of necessary and sufficient conditions should be fulfilled prior to discuss a monetary unification in North East Asian economies. Instead, Asia currency unit(ACU) is more feasible in reality.

• Land and Housing Review
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• v.12 no.2
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• pp.33-45
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• 2021

Due to recent changes in government policy, officetels have received attention as alternative assets, along with the uplift of office and apartment prices in Seoul. However, the current officetel price indexes use small-size samples and, thus, there is a critique on their accuracy. They rely on valuation prices which lag the market trend and do not properly reflect the volatile nature of the property market, resulting in 'smoothing'. Therefore, the purpose of this paper is to create the officetel price index using transaction data. The data, provided by the Ministry of Land, Infrastructure and Transport from 2005 to 2020, includes sales prices and rental prices - Jeonsei and monthly rent (and their combinations). This study employed a repeat sales model for sales, jeonsei, and monthly rent indexes. It also contributes to improving conversion rates (between deposit and monthly rent) as a supplementary indicator. The main findings are as follows. First, the officetel price index and jeonsei index reached 132.5P and 163.9P, respectively, in Q4 2020 (1Q 2011=100.0P). However, the rent index was approximately below 100.0. Sales prices and jeonsei continued to rise due to high demand while monthly rent was largely unchanged due to vacancy risk. Second, the increase in the officetel sales price was lower than other housing types such as apartments and villas. Third, the employed approach has seen a potential to produce more reliable officetel price indexes reflecting high volatility compared to those indexes produced by other institutions, contributing to resolving 'smoothing'. As seen in the application in Seoul, this approach can enhance accuracy and, therefore, better assist market players to understand the market trend, which is much valuable under great uncertainties such as COVID-19 environments.

• Environmental and Resource Economics Review
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• v.23 no.2
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• pp.187-224
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• 2014

We present key issues to consider in estimating damages from price-fixing cases and then apply the procedure addressing those issues to a transportation fuel market. Among the five methods of overcharge calculation, the regression analysis incorporating the yardstick method is the best. If the price equation relates the domestic price to the foreign price and the exchange rate as in the transportation fuel market, the functional form satisfying both logical consistency and modeling flexibility is the log-log functional form. If the data under analysis is of time series in nature, then the ARDL model should be the base model for each market and the regression analysis incorporating the yardstick method combines these ARDL equations to account for inter-market correlation and arrange constant terms and collusion-period dummies across component equations appropriately so as to identify the overcharge parameter. We propose a two-step test for the benchmarked market: (a) conduct market-by-market Spearman or Kendall test for randomness of the individual market price series first and (b) then conduct across-market Friedman test for homogeneity of the market price series. Statistical significance is the minimal requirement to establish the alleged proposition in the world of uncertainty. Between the sensitivity analysis and the model selection process for the best fitting model, the latter is far more important in the economic analysis of damage in price-fixing litigation. We applied our framework to a transportation fuel market and could not reject the null hypothesis of no overcharge.