• Journal of Technology Innovation
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• v.21 no.1
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• pp.27-57
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• 2013

The projects of agricultural R&D investments have been evaluated largely on the basis of efficiency better than equity although both criteria are equally critical in that major fund source of agricultural R&D investments is public budget. In this study, I focus on equity aspects by identifying the heterogeneous impacts of public knowledge created by R&D on farm efficiencies by farm income levels using bias-corrected DEA and quantile regression with panel data. The findings indicate that entire farms haven't been likely to be benefited evenly from public knowledge stock created by agricultural R&D, in particular high income farms can have enjoyed relatively more benefits of its in terms of efficiency gain. Those can imply agricultural R&D have functioned in the way analogue to digressive subsidies. In addition, the heterogeneous technological needs different among income level farms turns out to be main underlying factors affecting such the skewed benefit distribution of agricultural R&D over different income level farms.

• Korean Journal of Agricultural Science
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• v.20 no.1
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• pp.88-101
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• 1993

This study is aimed at evaluating the present management status of the rural special production area development projects and identifying managerial problems to propose new direction of the political countermeasures for the projects. In the con text of implementing the five year's economic developent plans for the past three decades, agricultural production and farm-household income have also been grown rapidly. However the income gap between rural and urbarn laborer, as an internal problem, has widened during the decades and the UR problems concerning free trade of agricultural products, as an external problems, are now agonizing the small-holder farm economy in Korea. The internal and external farm problems could be solved through improvement of agricultural structure and provision of off-farm jobs for farm household income increase. As a part of the off-farm income sources, the rural special production area development projects have propelled by the government throughout the country. The main problems to be solved for the successful implementation of the projects are as follows : 1. Present loan amount by the financial fund was estimated at 6-7% of the total installation costs required. To expand and implement the project successfully, enough financial credit support with favorable terms and conditions have to be considered by the government. 2. The operation patterns of the special production area development project should be recommended from the view point of cooperative and private operation to maximize farm household incomes including profits, marketing charges and dividens. 3. Improvement of the marketing channel of the products and marketing information through TV program and other mass communication should be implemented strongly to promote marketsales by the financial supports of the government. 4. In connection with the off-farm income increase, the population migrating to urban area in outside Chungnam province equivalent to 10-12 thousand persons with age of 20-49 years should be taken into account politically to be employed in the projects in the province. 5. Surplus farm labors should be created by means of improvement of agricultural structure including large farm management with farm mechanization and job opportunities have also to be provided in connection with the rural special production area development projects. The two imminent subjects are the prerequisites to increase off-farm incomes for the farmers living in Chungnam province. 6. Required credit supports for investment and operation costs of the projects should be taken actions by the government.

• Journal of the Korean Society for Industrial and Applied Mathematics
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• v.12 no.4
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• pp.271-287
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• 2008

This paper deals with American call and put options. Determining the fair price and the free boundary of an American option is a very difficult problem since they depends on each other. This paper presents numerical algorithms of finite element method based on the three-level scheme to compute both the price and the free boundary. One algorithm is designed for American call options and the other one for American put options. These algorithms are formulated on the system of the Jamshidian equation for the option price and the free boundary. Here, the Jamshidian equation is of a kind of the nonhomogeneous Black-Scholes equations. We prove the existence and uniqueness of the numerical solution by the Lax-Milgram lemma and carried out extensive numerical experiments to compare with various methods.

• Journal of Biosystems Engineering
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• v.21 no.4
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• pp.474-481
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• 1996

Farm mechanization has been rapidly progressed in rice farming since the 1980's, in Korea. The mechanization has been achieved up to 95-97% in the year of 1995, except irrigation and drying process. However, rice production cost remains much more expensive than the cost of other rice farming countries. Since labor cost shares a major portion of the production costs, it is essential to save labor cost with automation and more sophisticated mechanization. However, it requires great capital investment which causes farm management worse. Therefore, the computer program was developed which can select machines to minimize the management and maintenance cost by analyzing available working days in different areas, machinery to purchase, farming size, total farming size in a village, number of machines and custom fee.

• Journal of the Korean Operations Research and Management Science Society
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• v.13 no.1
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• pp.39-50
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• 1988

The warehousing of inventories is an enormous expense to industries worldwide, and yet there are few available that can be used to design rack storage systems while considering overall system costs. The primary objective of this paper is the development of an overall ware hous storage system costs model to aid a warehous planner in the design of automated warehouse systems. A simulation model and statistical estimation procedures are used to determine the maximum inventory levels accumulated in the receiving, storage, and shipping areas. The overall cost model is developed to determine the required total land, the initial investment fund, the number of pieces of handling equipment, and the storage rack configuration for the main storage area. A numerical example is then presented to demonstrate the application of the overall system cost model developed in this paper.

• Korean Journal of Organic Agriculture
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• v.28 no.1
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• pp.59-68
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• 2020

This study analyzed and suggested management situations and improving issues on a consumer cooperatives which has supplied environmentally friendly agricultural products from the year 2002. Indices of management analysis are stability ratio, activity ratio and profitability ratio. Management Stability ratio indices are debt ratio, net worth ratio, fixed ratio and current ratio. Management activity ratio ones include fixed assets turnover and net worth turnover. And profitability ratio is showed through return on investment, net return on sales and return on equity. In order to analyze these indices, financial statements after the closing entires are used each year.

• 한국유가공학회:학술대회논문집
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• 2004.06a
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• pp.1-7
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• 2004

Dairy development in India has emerged as one of the modern India's most successful development programmes. India's White Revolution, which has quietly swept the country during the past few decades, deserves attention equal to that given to the better known Green Revolution. India has become the largest milk producer in the world. From being a major importer of dairy products in the 1950s, India has now become an exporter. The strength of lndian dairy sector lies in the fact that despite of limited investment, it has shown consistent and sustainable growth. Presently India ranks first in the World milk production with 88.02 million tones (2002 03) with an annual growth rate of 4.2 per cent. Planning Commission estimates that by the end of Xth Plan, milk production may touch 100 million tones.

• The Journal of Industrial Distribution & Business
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• v.6 no.1
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• pp.5-15
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• 2015

Purpose - This study reviews Cameroon's economic growth, crisis, and recovery, aiming to: review the principal factors of Cameroon's real economic growth; explore the causes of its economic crisis analyze the determinants of its economic recovery; and suggest appropriate policies to ameliorate economic growth. Research design, data, and methodology - By reviewing the relevant literature and economic indicators, we observed that from the 1980s to the present, Cameroon experienced all the possible business cycle phases: economic prosperity (until 1985), economic and social crisis (1986-1994), and renewed economic growth (after 1995). Results - As a result of the economic changes in Cameroon, its macroeconomic indicators have evolved. Poverty and inequality have changed in both quantitative and qualitative terms. Throughout the examined period, rural poverty has become more widespread, deeper, and more severe than urban poverty, while inequality has experienced greater increases in urban areas relative to rural zones. Conclusions -To reap maximum benefits and reduce poverty from these economic changes, Cameroon needs to liberalize trade and foreign exchange transactions to attract foreign investment, especially during the current globalization.

• Proceedings of the Korea Concrete Institute Conference
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• 2004.11a
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• pp.137-140
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• 2004

Hydraulic structures have been constructed with low cost concrete so as to increase the investment efficiency. As the construction of agricultural irrigation and drainage project is concentrated on off-farming season and come to construction less than 28-day strength in quality control. As we are aware the major thrust construction of short period is now in hydraulic structures rather then the large- scale. This paper will propose the relationship between the 7-day and 28-day compressive strength of concrete be investigated. Test will be carried out on nine different concrete mixes and 180 core drilled form the hydraulic structures with 7-day and 28-day compressive strengths ranging approximately from 24 to 30Mpa.

• Journal of Korea Technical Association of The Pulp and Paper Industry
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• v.42 no.5
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• pp.1-14
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• 2010

Bio-ethanol is a promising alternative energy source for reducing both consumption of crude oil and environmental pollution from renewable resources like lignocellulosic biomass such as wood, forest residuals, agricultural leftovers and urban wastes. Based on current technologies, the cost of ethanol production from lignocellulosic materials is relatively high, and the main challenges are the low yield and high cost of the hydrolysis process. Development of more efficient pretreatment technology (physical, chemical, physico-chemical, and biological pretreatment), integration of several microbiological conversions into fewer reactors, and increasing ethanol production capacity may decrease specific investment for ethanol producing plants. The purpose of pretreatment of lignocellulosic material is to improve the accessible surface area of cellulose for hydrolytic enzymes and enhance the conversion of cellulose to glucose and finally high yield ethanol production which is economic and environmental friendly.