• Title/Summary/Keyword: Alternative Economics

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Searching for Comparative Value in Small and Medium-Sized Alternative Accommodation: A Synthesis Approach

  • Baek, Unji;Lee, Seul-Ki
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.2
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    • pp.139-149
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    • 2018
  • In the contemporary era of smart tourism, travelers face more accommodation options than ever before. The rapid expansions of alternative accommodation sector are partially owing to the growth of electronic commerce and the rise of online intermediary platforms. Online travel agencies serve as a critical distribution channel for tourism sectors, and the significance is further increased for small and micro entrepreneurs whose direct communication channels are scarce. Considering the holistic process of customer experience started with a third-party online intermediary, this study explores basic and extended attributes of small and medium-sized alternative accommodation where the comparative value is created. In order to achieve the objective, a research design was developed to synthesize the qualitative evidence. The synthesis encompasses both theoretical and practical perspectives, from a systematic review and opinions of academic professionals to an in-depth interview with an industry expert and the current practices of online travel agencies. This study suggests that the sources of value creation for alternative accommodation are not always consistent with those of the traditional. Accounting for the temporal and spatial dynamics in customer experience, the findings of this study provide insights on the comparative value of alternative accommodation, to both academic and industry audiences.

Unit Water Production Cost Development for Alternative Water Resource Projects - Centered on the Economics of Aquifer Storage and Recovery (ASR) - (대안수자원시설의 음용수 단위생산비용 산출 - 청정지하저수지 경제성에 대한 고찰 -)

  • Choi, Jae-Ho;Shim, Young-Gyoo;Park, Nam-Sik
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.37 no.3
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    • pp.611-619
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    • 2017
  • This paper intends to develop unit water production cost (UWPC) between alternative water resources including desalination, freshwater reservoirs, single-purpose dams, underground dams, and two indirect water in-take technologies - riverbank filtration and aquifer storage and recovery (ASR). The UWPCs of water supply schemes including each alternative are determined based on project cost, and operation and maintenance estimation models, which were developed based on real project cost data. The sensitivity analysis of UWPCs reveals that ASR is the lowest cost option in producing drinkable water among the alternatives, followed by riverbank filtration and underground dam. It is expected that economics related to the finding plays a critical role in supporting water resources planning and budget allocation for central and local water authority in Korea.

A Study on the Conceptualization of the Meaning of Well-being and Welfare of Home as a Purpose of Home Economics (가정학이 퇴구하는 가정의 안녕과 복지의 개념에 대한연구 :비판이론을 중심으로)

  • 김양희
    • Journal of Families and Better Life
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    • v.15 no.2
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    • pp.185-200
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    • 1997
  • In this study the meaning of well-being and welfare of home has been analyzed and a new direction in which home economics should advance has been suggested, This study not only would help the characteristics of home economics be properly understood and its displinary position take its own place but also a conceptual analysis which might be uncommon in the studies of learned circles of Korean home economics would be a basis for establishing the uniqueness of the discipline named by home economics. Based on the critical theory of Habermas it has been demonstrated that well-being and welfare of home have been emphasized unfairly in the physical and technical aspects and such a partial pursuit of positivism and purposive rationality of scientific technology has resulted in the situation that home would be gradually encroached and controlled by the social system pursuing purposive rationality. As an alternative to overcome this kind of problems communicative rationality that has em hasis on the process of intersubjective understanding and agreement has been focused. The meaning of well-being and welfare of home has been established through the classification of family life actions in to technical action practical action and emancipatory action, And the characteristics of them have been examined and ideal directionns of each element have been discussed.

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CO2 Emission, Energy Consumption and Economic Development: A Case of Bangladesh

  • Islam, Md. Zahidul;Ahmed, Zaima;Saifullah, Md. Khaled;Huda, Syed Nayeemul;Al-Islam, Shamil M.
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.4
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    • pp.61-66
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    • 2017
  • Environmental awareness and its relation to the development of economy has garnered increased attention in recent years. Researchers, over the years, have argued that sustainable development warrants for minimizing environmental degradation since one depends on the other. This study analyzes the relationship between environmental degradation (carbon emission taken as proxy for degradation), economic growth, total energy consumption and industrial production index growth in Bangladesh from year 1998 to 2013. This study uses Vector Autoregression (VAR) Model and variance decomposition of VAR to analyze the effect of these variables on carbon emission and vice-versa. The findings of VAR model suggest that industrial production and GDP per capita has significant relationship with carbon emission. Further analysis through variance decomposition shows carbon emission has consistent impact on industrial production over time, whereas, industrial production has high impact on emission in the short run which fades in the long run which is consistent with Environmental Kuznets Curve (EKC) hypothesis. Carbon emission rising along with GDP per capita and at the same time having low impact in the long run on industrial index indicates there may be other sources of pollution introduced with the rise in income of the economy over time.

Development of Teaching Materials(CD-Rom) and Its Applications to Classroom in Area of Human Development and Family Relationship in Middle School Home Economics -Through Practical Reasoning Teaching Model- (중학교 가정과‘인간발달과 가족관계’영역의 교육자료(CD-Rom) 개발 및 현장 적용 연구 -실천적 추론 수업을 중심으로-)

  • 유태명;장혜경;유지연;김주연;김항아;김효순;신창중
    • Journal of Korean Home Economics Education Association
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    • v.12 no.3
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    • pp.115-127
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    • 2000
  • The purpose of this study is to develop lesson plans. teaching guide, and teaching materials applying practical reasoning teaching model in the area of ’human development and family relationship’in middle school home economics. The practical reasoning teaching model consists of five factors: Desired results, Awareness of context, Alternative approaches, Consequences of action, and Action. This study based on practical reasoning has following process: Curriculum development. Developing lesson pan, teaching material, an teaching guide, Experimental teaching and evaluation. Feedback, Production of CD-Rom. Teaching guide includes lesson plan, workbook multimedia materials and teaching resources. Especially teaching guide in CD-Rom can be used effectively in the actual teaching. In the classroom, this teaching model accomplished active and interesting participation of teachers and students. It is proposed that practical reasoning teaching model should be applied to other areas of home economics. In addition various teaching materials based on practical reasoning need to developed.

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Estimating the Biological Growth Function of Korean Anchovy: A Maximum Entropy Approach (한국 연근해 멸치자원량 추정 - Maximum Entropy기법의 응용 -)

  • Kim, Gi Cheol;Kwon, Oh Sang
    • Environmental and Resource Economics Review
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    • v.9 no.2
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    • pp.285-309
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    • 2000
  • One of the main issues in natural resource economics is estimating the amount of stock and the biological growth functions of renewable natural resources. Since the stock level is not directly observed the usual econometric approaches cannot be employed for this purpose. The maximum entropy approach has been suggested as a useful alternative to estimate the dynamic model of natural resource use. This study estimates the stock and the growth function of Korean anchovy using the data for yield and yield efforts. The results show that the current level of anchovy yield exceeds its maximum sustainable yield, which implies that the stock will decrease substantially over time.

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Economic Analysis of Renewable Heat Energy: Levelized Cost of Heat (LCOH) (재생열에너지 경제성 분석: 균등화열생산비용(LCOH))

  • Jaeseok Lee;Ilhyun Cho
    • New & Renewable Energy
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    • v.20 no.1
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    • pp.52-60
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    • 2024
  • This study conducted an economic analysis of renewable heat energy by estimating the levelized cost of heat production (LCOH) of ST and GSHP and comparing it with the cost of alternative fuels. The LCOH of ST ranged from 396.8 KRW/kWh to 578.7 KRW/kWh (small-scale), 270.3 KRW/kWh to 393.3 KRW/kWh (large-scale), and 156.3 KRW/kWh to 220.7 KRW/kWh for GSHP. The economic feasibility of ST and GSHP was analyzed by comparing the calculated LCOH and the fuel costs such as gas and kerosene prices. Moreover, scenario analyses were conducted for installation subsidies under the current system to examine the changes in the economics of renewable thermal energy.

An Empirical Simulation for the Relevance of Alternative Systems to Unemployment Insurance in Korea

  • Yun, Jungyoll
    • Journal of Labour Economics
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    • v.25 no.3
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    • pp.59-86
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    • 2002
  • Using the simulated data set which is based upon the data set merging Economically Active Population Survey(EAPS) and the Supplementary Survey (SS) in 1998-2001, this paper examines the relevance of alternative programs Unemployment Insurance Savings Account (UISA) and Pension-funded Unemployment Benefit (PUB) - to unemployment insurance system in Korea. Estimating the relative size of unemployment benefit and IA balance under a specific type of UISA or PUB by simulation, this paper yields the two main results. First, replacing UI by UISA with the same benefit being maintained would be beneficial in terms of search efficiency in general, although its effectiveness is a little doubtful as for the non-regular workers. Second, the PUB is better than UISA as an alternative to UI, and also works relatively well even for the non-regular workers.

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Group Decision Making Using Intuitionistic Hesitant Fuzzy Sets

  • Beg, Ismat;Rashid, Tabasam
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • v.14 no.3
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    • pp.181-187
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    • 2014
  • Dealing with uncertainty is always a challenging problem. Intuitionistic fuzzy sets was presented to manage situations in which experts have some membership and non-membership value to assess an alternative. Hesitant fuzzy sets was used to handle such situations in which experts hesitate between several possible membership values to assess an alternative. In this paper, the concept of intuitionistic hesitant fuzzy set is introduced to provide computational basis to manage the situations in which experts assess an alternative in possible membership values and non-membership values. Distance measure is defined between any two intuitionistic hesitant fuzzy elements. Fuzzy technique for order preference by similarity to ideal solution is developed for intuitionistic hesitant fuzzy set to solve multi-criteria decision making problem in group decision environment. An example is given to illustrate this technique.

Impact Assessments of High Oil Prices on the Agro-Food System and the Role of Bioenergy Crops

  • Lee, Duu-Hwa;Lin, Hsin-Chun;Chang, Ching-Cheng;Hsu, Shih-Hsun;Chen, Chi-Chun;Sun, Jenny Chin-Hwa
    • Environmental and Resource Economics Review
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    • v.16 no.3
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    • pp.653-682
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    • 2007
  • In this study, multi-sectoral partial equilibrium and computable general equilibrium models of Taiwan are used to investigate the direct and indirect effects of energy price increases on overall economies and agro-food sector in Taiwan. The results suggest that agricultural prices, production cost would increase between 0.27% to 1.88%, and a reduction in GDP around 0.39% to 0.54 %. The negative impact on livestock sector is slightly higher than that on the crop sector. Negative impacts are also observed in the employment and wages. The rising oil price has the potential to discourage production of energy-intensive activity because of the possibility of substitution and adaptations. The growth rate of real GDP will shrink by 0.64% to 1.06% and CPI will increase by 1.17% to 1,95%. Both the agriculture and non-agricultural sector also respond by raising output prices by 0.80% to 1.33%. The rising international oil price has urged the government to take policy actions like using alternative fuels such as biodiesel, bioethanol, and adopting measures to cut down on energy consumptions mainly in transportation sectors in response to public concern over economic shocks.

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