• International conference on construction engineering and project management
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• 2009.05a
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• pp.800-807
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• 2009

The limited public funds available for infrastructure projects have led governments to consider private entities' participation in long-term contracts for finance, construction, and operation of these projects to share risks and rewards between the public and the private. Because these projects have complicated risk evolutions, diverse contractual forms for each project member to hedge risks involved in a project are necessary. In light of this, Build-Operate-Transfer(BOT) model is considered as effective to accomplish Public Private Partnerships(PPPs) with a characteristic of an ownership-reversion. In BOT projects, the government has used such an incentive system as minimum revenue guarantee(MRG) agreement to attract the private's participation. Although this agreement turns out critical in success of BOT project, there still exist problematic issues in a financial feasibility analysis since the traditional capital budgeting theory, Net Present Value(NPV) analysis, has failed to evaluate the contingent characteristic of MRG agreement. The purpose of this research is to develop real option model based on option pricing theory so as to provide a theoretical framework in valuing MRG agreement in BOT projects. To understand the applicability of the model, the model is applied to the example of the BOT toll road project and the results are compared with that by NPV analysis. Finally, we found that the impact of the MRG agreement is significant on the project value. Hence, the real option model can help the government establish better BOT policies and the developer make appropriate bidding strategies.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.24 no.6B
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• pp.1191-1202
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• 1999

We propose an efficient vehicle detection and classification algorithm for an electronic toll collection using the feature which is robust to abrupt intensity change between consecutive frames. The local correlation coefficient between wavelet transformed input and reference images is used as such a feature, which takes advantage of textural similarity. The usefulness of the proposed feature is analyzed qualitatively by comparing the feature with the local variance of a difference image, and is verified by measuring the improvements in the separability of vehicle from shadowy or shadowless road for a real test image. Experimental results from field tests show that the proposed vehicle detection and classification algorithm performs well even under abrupt intensity change due to the characteristics of sensor and occurrence of shadow.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.21 no.5
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• pp.57-66
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• 2022

The Road Management Administration is cracking down on overloaded vehicles by installing low-speed or high-speed WIMs at toll gates and main lines on expressways. However, in recent years, the act of intelligently evading the overloaded-vehicle control system of the Road Management Administration by illegally manipulating the variable axle of an overloaded truck is increasing. In this manipulation, when entering the overloaded-vehicle checkpoint, all axles of the vehicle are lowered to pass normally, and when driving on the main road, the variable axle of the vehicle is illegally lifted with the axle load exceeding 10 tons alarmingly. Therefore, this study developed a technology to detect the state of the variable axle of a truck driving on the road using roadside camera images. In particular, this technology formed the basis for cracking down on overloaded vehicles by lifting the variable axle after entering the checkpoint and linking the vehicle with the account information of the checkpoint. Fundamentally, in this study, the tires of the vehicle were recognized using the Mask RCNN algorithm, the recognized tires were virtually arranged before and after the checkpoint, and the height difference of the vehicle was measured from the arrangement to determine whether the variable axle was lifted after the vehicle left the checkpoint.

• International Journal of Highway Engineering
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• v.15 no.6
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• pp.33-39
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• 2013

PURPOSES : This research investigates traffic noise characteristics as change the transverse rumble strips shape from rectangular to cylinder at toll plaza of highway. METHODS : The traffic noise was investigated at two different places at toll plaza of highway. One is modified grooving, another is employed cylinder shape of TRS instead of rectangular shape of TRS. A measurement of traffic noise was conducted at same location and time period. The traffic volume information was gotten from office of highway office and vehicle speed was measured by speed measuring device. The traffic noise measurement was conducted from 13:00 to 23:00 and by pass-by method. Also, the traffic noise was measured behind noise barrier. Various distance from noise barrier(7.5m, 30m, 50m) and different heights(1.2m, 3m, and 5m) were parameter for measurement of traffic noise in this study. RESULTS : The class 1 vehicle was contributed from traffic volume which was increased 1,500. However, the distribution of traffic speed didn't change compare to previous investigated period. From this study, It was found that the external traffic noise was changed as function of geometric shape of TRS. The external noise from modified grooving was less than 1.2dB(A) of the current TRS. A difference of traffic noise was 20dB(A) before and after barrier. It came from a noise barrier effect as reduction of traffic noise. According to investigate a traffic noise distribution near barrier, there is similar noise characteristic as function of height at 7.5m distance from noise barrier. Also, There is no different traffic noise between 30m and 50m from source of the noise of sound barrier. CONCLUSIONS : Based on this traffic noise investigation result, there is a clear characteristic difference as changed TRS shape. The traffic noise was reduced by changed TRS shape. Specially, traffic noise was decreased although the traffic volume was increase for same investigation time and period. It is implied that cylinder type of TRS significantly reduces the traffic noise. The specification of various TRS will be studied in the future.

• Journal of the Institute of Electronics Engineers of Korea TC
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• v.43 no.9 s.351
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• pp.105-119
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• 2006

The car navigation system to be accompanied to the car on-board equipment system or the development of mobile communication technique, the demand in information communication which connects an interior and the car outside is coming to be high, As applications, ETC/VISC/AHS classes get deceived supply are advanced. The research of DSRC radio systems actively, with medium of communication between the automobile and road, is advanced. DSRC radio systems are appropriate in massive data transfer, in the case which the traffic accident evasion is urgent, the notarization of the preferential control function which is necessary to a medium of communication, guarantee and security are suitable in the high-speed network. Accompanied to the cellular phone which is to be supplied recently suddenly, By complementing and coexisting each other, and it will be developed simultaneously. However, in a connection of this kind of communication system and high-speed DSRC radio system, Hand-over technique (network, radio transmission hand-over), there is a technical subject of the high-speed transmission techniques against the mobile devices and the realization is expected to be difficult in near, until 2010 year is becoming the plan of putting to practical use. Also as the next generation DSRC with 5.8GHz built-on board equipment and the road-side equipment are expected in near. In this paper DSRC systems which will be developed are discussed.

• International Journal of Highway Engineering
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• v.18 no.5
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• pp.75-82
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• 2016

PURPOSES : This study was initiated to estimate the benefits from the campaign to prevent drowsy driving crashes on expressways. The study was conducted by the Korea Expressway Corporation using a contingent valuation method. METHODS : First, a questionnaire was designed for a preliminary survey. From the survey's results, the initial willingness to pay for the campaign was determined by averaging different amounts of payments chosen under virtual scenarios in the survey. The willingness to pay data was used to find a first bid price for the open-ended method used for the second survey. After that, a primary questionnaire was designed and conducted using a single dichotomous choice question (SDBCQ). Drivers at expressway resting areas were asked their willingness to pay for the campaign. Based on statistical analysis using data collected from the second survey, the mean willingness to pay was estimated using a probability utility function. Finally, the benefit from the campaign was calculated using the estimated willingness to pay and accident data on expressways. CONCLUSIONS : Based on the result from the contingent valuation method, the benefit from the campaign to prevent drowsy driving crashes was estimated to be 170.6 won per expressway trip. The benefit is to be paid as an additional toll. In addition, the traffic crash cost estimate is about 2,209,680,000 won less than the cost during the same period in 2014.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.8 no.6
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• pp.13-22
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• 2009

Recently, DSRC technology is used in the various fields such as parking system, BIS, ETC, etc. This paper suggests a traffic information system using this DSRC technology. The traffic information processing based on point detection using existing vehicle detection equipment is the system in which a collection and a service are operated separately while the traffic information system based on the link detection using DSRC is able to collect and provide the traffic information through the communication between RSE and OBU. The speed of a traffic congestion is high on the process converted from a point passing speed to a link average speed because the vehicle detection equipment makes the link traffic information into the point information. When the condition of traffic is deteriorated, traffic speed of the vehicle detection equipment becomes higher than DSRC. Especially, in this system, deflection by data of the traffic speed of the traffic information system is much decreased, and the unexpected condition detection and traffic condition are provided promptly.

• Journal of Digital Convergence
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• v.16 no.4
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• pp.87-94
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• 2018

Intelligent transportation systems are one of the most important new forms of infrastructure on domestic roads, and is a system that makes possible the most efficient movement of vehicles on a road. The High Pass system, which is a domestic intelligent transportation system, started a little later than in other countries but developed at a rapid pace. With the recent introduction of smart tolling technology, it provided an opportunity to stop and review the tolling system. This study aims to investigate the driving method and results of LDCC for domestic smart towing through case study. Unlike other companies, Lotte Data Communication Company has long invested in payment systems. It has little experience investing in infrastructure, but participated in the Smart Toll System at the Gwangan Bridge in cooperation with the Busan City government, to lead the development of intelligent transportation systems. LDCC, which has made new investments, not only exceeded its existing core competencies, but also upgraded Korea's tolling system's ability to reduce greenhouse gas emissions and improved its financial performance.

• International Journal of Highway Engineering
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• v.16 no.5
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• pp.99-108
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• 2014

PURPOSES : The travel times of expressway buses have been estimated using the travel time data between entrance tollgates and exit tollgates, which are produced by the Toll Collections System (TCS). However, the travel time data from TCS has a few critical problems. For example, the travel time data include the travel times of trucks as well as those of buses. Therefore, the travel time estimation of expressway buses using TCS data may be implicitly and explicitly incorrect. The goal of this study is to improve the accuracy of the expressway bus travel time estimation using DSRC-based travel time by identifying the appropriate analysis period of input data. METHODS : All expressway buses are equipped with the Hi-Pass transponders so that the travel times of only expressway buses can be extracted now using DSRC. Thus, this study analyzed the operational characteristics as well as travel time patterns of the expressway buses operating between Seoul and Dajeon. And then, this study determined the most appropriate analysis period of input data for the expressway bus travel time estimation model in order to improve the accuracy of the model. RESULTS : As a result of feasibility analysis according to the analysis period, overall MAPE values were found to be similar. However, the MAPE values of the cases using similar volume patterns outperformed other cases. CONCLUSIONS : The best input period was that of the case which uses the travel time pattern of the days whose total expressway traffic volumes are similar to that of one day before the day during which the travel times of expressway buses must be estimated.

• Journal of Korean Society of Transportation
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• v.30 no.1
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• pp.19-30
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• 2012

The majority of daily travel demands concentrate at particular time-periods, which causes the difficulties in the travel demand analysis and the corresponding benefit estimation. Thus, it is necessary to consider time-specific traffic characteristics to yield more reliable results. Traditionally, na$\ddot{i}$ve, heuristic, and statistical approaches have been applied to address the peak-hour ratio. In this study, a hybrid clustering model which is one of the statistical methods is applied to calculate the peak-hour ratio and its duration. The 2009 national 24-hour traffic data provided by the Korea institute of Construction Technology are used. The analysis is conducted dividing vehicle types into passenger cars and trucks. For the verification for the usefulness of the methodology, the toll collection system data by the Korea Express Corporation are collected. The result of the research shows lower errors during the off-peak hours and night times and increasing error ratios as the travel distance increases. Since the method proposed can reduce the arbitrariness of analysts and can accommodate the statistical significance test, the model could be considered as a more robust and stable methodology. It is hoped that the result of this paper could contribute to the enhancement of the reliability for the travel demand analysis.