• Title/Summary/Keyword: Benefit ratio

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Consumer's Shopping Orientation and Buying Behavior According to the On/Offline Browsing (온/오프라인 브라우징에 따른 소비자 집단의 쇼핑성향과 구매행동 연구)

  • Rhee, Young Sun;Ko, Soon Hwa
    • Journal of the Korean Society of Clothing and Textiles
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    • v.38 no.3
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    • pp.321-333
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    • 2014
  • This study grouped on/offline browsing consumer types according to on/offline browsing consumer behavior and investigated the differences in shopping orientation, impulse buying, and fashion goods expenditure ratio in on/offline markets based on on/offline browsing types. Data were obtained from 379 consumers aged 10 to 40 in Daejeon Korea. The data were analyzed using factor analysis, cluster analysis and ANOVA. The result were as following. First, respondents were classified into four group by on/offline browsing behavior (high offline browsing group, low on/offline browsing group, high on/offline browsing group, and high online browsing group). Second, there were significant differences among groups in the shopping orientation (except for efficient shopping orientation). Third, groups showed differences in impulse buying and fashion goods expenditure ratio in on/offline markets. This information will benefit marketers in the use of multichannel consumer strategies.

Improvement in engineering properties of subgrade soil due to stabilization and its effect on pavement response

  • Nagrale, Prashant P.;Patil, Atulya P.
    • Geomechanics and Engineering
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    • v.12 no.2
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    • pp.257-267
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    • 2017
  • This paper presents laboratory investigation of stabilization of subgrade soil. One type of soil and three types of stabilizers i.e., hydrated lime, class F fly ash and polypropylene fibres are selected in the study. Atterberg limit, compaction, california bearing ratio (CBR), unconfined compressive strength and triaxial shear strength tests are conducted on unstabilized and stabilized soil for varying percentage of stabilizers to analyze the effect of stabilizers on the properties of soil. Vertical compressive strains at the top of unstabilized and stabilized subgrade soil were found out by elasto-plastic finite element analysis using commercial software ANSYS. Strategy for design of optimum pavement section was based on extension in service life (TBR) and reduction in layer thickness (LTR). Extension in service life of stabilized subgrade soil is 6.49, 4.37 and 3.26 times more due to lime, fly ash and fibre stabilization respectively. For a given service life of the pavement, there is considerable reduction in layer thicknesses due to stabilization. It helps in reduction in construction cost of pavement and saving in natural resources as well.

Reassessment of Economic Feasibility for a Wind Farm on Jeju Island Considering Variable Jeju SMP (변동 제주 SMP를 적용한 제주도 육상풍력단지의 경제성 재평가)

  • Kim, Hyo-Jeong;Ko, Kyung-Nam;Huh, Jong-Chul
    • Journal of the Korean Solar Energy Society
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    • v.33 no.5
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    • pp.41-50
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    • 2013
  • Economic feasibility study using weighted average variable Jeju System Marginal Price, SMP, was conducted for Gasiri wind farm of Jeju Island. To predict the variable Jeju SMP, generator share ratio for SMP was calculated from the real time wind power production and the power demand data for years. Also, sensitivity analysis on Net Present Value, NPV, and Benefit/Cost Ratio, B/C ratio, were performed to clarify which factors are more important in assessing economic feasibility. The result shows that the Gasiri wind farm has a minimum of 110 billion won and a maximum of 132 billion won difference between fixed and variable SMP. Also, Capacity Factor, C.F., had the highest sensitivity for NPV, followed by SMP. Accordingly, when economic analysis for a potential wind farm site is carried out, the variable SMP as well as C.F. should be considered for more accurate assessment of the wind farm.

An Experimental Study on Reinforcing Efficiency of H-Shaped Steel Beams with a Rectangular Web Opening (유공 H 형강보의 보강효율에 관한 실험적 연구)

  • Kim, Jin-Mu;Cho, Chul-Ho
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.3 no.1
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    • pp.171-178
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    • 1999
  • Despite of decrease in shear and moment strengths, most steel structural designers use web openings in beams because of economical benefit and requirement. The purpose of this study is to suggest the method of reinforcement of H-shape steel beams with a rectangular web opening. If shear predominates over bending, it is necessary to consider all possible combinations of shear force and bending moment acting at the opening. In this paper, the ultimate strength and behavior of perforated beams have been investigated according to parameters (ratio of M/V, opening width within opening height ratio D/h, various reinforcing types A/B/C/D/M/N/W). The results of this study are as follows ; 1. Deformation of H-shape steel beams with a rectangular web opening was greatly affected by not only bending but also shear. 2. SB1-2/3 series have little difference in the reinforced efficiency, but SB1-2E/3E series have difference in the reinforced efficiency according to the reinforcement type. 3. Efficiency of SB1-2E/3E series is determined by reinforcing types, which RB1-2E-B/M/C and RB1-3E-M/D/C specimens have good efficient. Reinforcing type of perforated beams chooses efficient method according to ratio of M/V and D/h.

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Benefit-Cost Analysis and Sustainability of National Pension (국민연금의 수급부담구조분석과 지속가능성)

  • Kim, Seongyong;Bang, Junho;Park, Yousung
    • The Korean Journal of Applied Statistics
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    • v.28 no.4
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    • pp.603-620
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    • 2015
  • The National Pension of Korea is a public social security system designed to alleviate social risks and poverty that has had a major impact on the quality of life for the aging population. However, a rapidly aging population and low fertility threaten the sustainability of national pension in Korea. The National Pension Research Institute publishes a nancial projection every ve years; consequently, the government has lowered the entitlements for the sustainability of national pension based on the projection results. The current reform of the pension system that arbitrarily reduces the entitlements might detract from the income security role of the national pension for pensioners without accounting for the highest elderly poverty rate in the OECD countries. We first discuss methods for the financial projection of the national pension in terms of population, subscribers, and pensioner projections in order to estimate the pension reserve fund and the financial depletion year. We also conduct a sensitivity analysis for population variables, institutional variables, and economic variables based on pension reserves and the financial depletion year. We evaluate intergenerational fairness between the income hierarchy by conducting a money's worth analysis. Finally, we investigate the possibility of the sustainability of national pension by adjusting pension contributions and entitlements (income replacement rate). A new dependency ratio shows that a simple reform of the national pension does not secure the sustainability of the national pension without adapting a pay-as-you-go system.

A Study on the Improvement of the Safety Insurance for the Laboratory at the Korean Worker's Compensation Insurance - Focusing on Disability Benefit Pension Type Payment - (산재보험 수준의 연구실안전보험 보장성강화 방안 - 장해보험금 연금형태 지급을 중심으로 -)

  • Song, H.S.;Yee, N.H.;Choi, J.G.;Chun, S.H.;Kim, Jai Jung;Lee, B.H.
    • Journal of the Korean Society of Safety
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    • v.34 no.1
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    • pp.115-121
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    • 2019
  • Background: Due to the diversification and advancement of research, researchers have become to deal with a variety of chemical and biological harmful materials in the laboratories of universities and research institutes and the risk has increased as well. Therefore, it is necessary to strengthen the social safety net for laboratory accidents by strengthening the compensation to the level comparable to that of Korean Workers' Compensation & Welfare Service, when the researchers become physically disabled by laboratory accidents. The purpose of this study is to secure researchers' health rights and to create a research environment where researchers can work with confidence by strengthening the compensation to the level comparable to that of Korean Workers' Compensation & Welfare Service. Method: We analyzed the laboratory accidents by year, injury type, severity of accident and disability grade with the 6 year data from 2011 to 2016, provided by Laboratory Safety Insurance. Based on the analysis result, we predicted the financial impact on Laboratory Safety Insurance if we introduce a compensation annuity by disability grade which is similar to Injury-Disease Compensation Annuity of Korean Workers' Compensation & Welfare Service. Result :As of 2011, the insured number of Laboratory Safety Insurance was approximately 700,000. The Average premium per insured was KRW 3,339 and there were 158 claims. Total claim amount was KRW 130 million, whereas the premium was about KRW 2.3 billion. The loss ratio was very low at 5.75%. If we introduce a compensation annuity by disability grade similar to Injury-Disease Compensation Annuity of Korean Workers' Compensation & Welfare Service, the expected benefit amount for 1 case of disability grade 1 would be KRW 1.6 billion, assuming 2% of interest rate. Given current premium, the loss ratio, the ratio of premium income to claim payment, is expected 41.4% in 2017 and 151.6% in 2026. The increased loss ratio due to the introduce of the compensation annuity by disability grade is estimated to be 11.0% in 2017 and 40.4% in 2026. Conclusion: Currently, laboratories can purchase insurance companies' laboratory safety insurance that meets the standards prescribed by Act on the Establishment of Safe Laboratory Environment. However, if a compensation annuity is introduced, it would be difficult for insurance companies to operate the laboratory safety insurance due to financial losses from a large-scale accident. Therefore, it is desirable that one or designated entities operate laboratory safety insurance. We think that it is more desirable for laboratory safety insurance to be operated by a public entity rather than private entities.

Effectiveness Analysis of Phosphorescent Pavement Markings for Improving Visibility and Design Standards: Focusing on Expressway Accident Hot Spots (축광노면표시 시인성 및 설치규격개선 효과분석: 고속도로 사고다발구간을 중심으로)

  • Yi, Yongju;Lee, Myunghwan;Choi, Keechoo
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.36 no.4
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    • pp.685-694
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    • 2016
  • Visibility of lane marking is impaired at night, or in case of rain, and thereby threatens traffic safety. Recently, various studies and technology have been developed to improve lane marking visibility, such as the extension of lane marking life expectancy (up to 1.5 times), improvement of lane marking equipment, improvement of lane marking visibility (32.7%) by applying phosphorescent material mixed paint, and expressway lane design standards alternative (length 6m, gap 12m, width 13cm: 27.8% of painted surface are reduced) adoption with ergonomic analysis. In this study, a set of cost-benefit analyses was performed for the cases where such techniques were applied. Based on the literature review, 26.9% of traffic accidents would be prevented by improving lane marking visibility by 32.7%; accident reduction benefit was calculated as much as 12.5 billion KRW. Meanwhile, total increased cost when introducing phosphorescent material mixed paint and lane design standards alternative is calculated as 30.6 billion KRW. However, economic feasibility could not be secured with 0.41 of cost-benefit ratio when applied to the expressway network as a whole. Additionally, cost-benefit (B/C) analysis was applied to each of the top 20 night accident hot spots and the results of B/C ratios were between 0.67 and 4.20, showing that 11 out of 20 spot sections of expressway can have economic feasibility. This results indicate, with this kind of pavement marking applied to accident hot spots in rural expressway, better visibility and economic feasibility can be guaranteed through traffic accident reduction. Some limitations and future research agenda have also been discussed.

Economic Impact Analysis on a R&D Project of Groundwater Remediation : A Case Study of Busan, Ulsan and Gwangju Metropolitan City (지하수자원기술의 경제적 파급효과분석 사례연구 - 대도시지역(부산, 울산, 광주) 지하수오염저감기술연구사업을 중심으로 -)

  • Ahn Eun-Yuung;Kim Seong-Yong;Lee Jae-Wook;Son Byeong-Kook;Kim Jeong-Chan;Synn Joong-Ho
    • Journal of Soil and Groundwater Environment
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    • v.10 no.1
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    • pp.18-25
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    • 2005
  • For economic impact analysis on a R&D project of groundwater remediation in the metropolitan areas conducted as a fundamental research programme of KIGAM from 1998 to 2002, benefit/cost ratio(BCR), net present value(NPV), and internal rate of return(IRR) were calculated using a contingent valuation method(CVM). Measurable direct benefit parameters among the major outputs of this project consist of setup of drinking water facilities and groundwater information data valuation. In this study, economic impact of the project in NPV of year 2002, with applying a discount rate of $10.0\%$, was identified and estimated as 5.09 billion won in cost, 67.69 billion won in benefit, 62.60 billion won in NPV, 13.3 points in BCR, and $152\%$ in IRR, respectively.

Analysis of Behavioral Stage in Pap Testing by Using Transtheoretical Model (단계적 행위변화 모형을 이용한 자궁경부암 검진행위 관련 요인 분석 - 국가 조기 암검진 대상자들을 중심으로 -)

  • Lee, Hye-Jean;Jung, Sang-Hyuk;Shin, Hai-Rim;Oh, Dae-Kyu;Lee, Sun-Hee
    • Journal of Preventive Medicine and Public Health
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    • v.38 no.1
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    • pp.82-92
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    • 2005
  • Objective : To evaluate the relationships among sociodemographic characteristics, health behaviors, levels of pros and cons and stages of change in Pap testing for uterine cervical cancer. Methods : A questionnaire survey was performed on 560 randomly sampled people who were assigned to participate in a Pap testing program by the National Cancer Screening Project in 2003' between 25 September and 10 October in Gyeonggi, Korea. Data about the behaviors and intentions of Pap testing, sociodemographic characteristics, health behaviors, and levels of acknowledged benefit (pros) and barrier (cons) for Pap testing was collected. The stages of change were grouped according to behaviors and intentions of Pap testing as passive, active, and relapse. Results : Logistic analysis between the passive and active groups showed that city dwellers, 'high' and 'middle' groups in terms of the individual s health belief, those who had undergone a health examination within the past 2 years, and those who had undergone hormone replacement therapy had a higher odds ratios to be in the active group. As the 'benefit' scores increased and the 'Unnecessity' scores decreased, the probabilities to be in the active group increased. According to the logistic analysis results between the active and relapse groups, those who were 60 years or older, members of the National Heath Insurance, and those who had not undergone a health examination within the past 2 years had a higher odds ratio to be in the relapse group. The 'Benefit' scores were not significant in this relationship. The probabilities of being in the relapse group increased as the Unnecessity and 'Shamefulness' scores increased. Conclusions : In conclusion, health planners should inform women in the passive group of the benefits and necessity of Pap testing. It would be better to reduce the barriers to the active group of undergoing Pap smear. This study might be a useful guide for future planning of Pap testing program.

Economic Feasibility Analysis of Marine Ecosystem Restoration Technology Program (해양생태계 복원기술개발 사업의 경제적 타당성 분석)

  • Kwon, Young-Ju;Paik, Sang-Kyu;Yoo, Seung-Hoon
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.20 no.2
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    • pp.130-142
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    • 2014
  • The Korean government is considering implementation of the marine ecosystem restoration technology program (MERTP) to analyze the current status of the marine ecosystems and causes for the ecosystem deterioration as well as to eventually establish a master strategic plan for restoring ecosystem functions and preventing ecosystem functional loss. In order to determine likelihood of successful implementation, it is essential to perform an analysis of the economic feasibility of the program. The present study assessed economic feasibility of the MERTP. To this end, the dichotomous choice contingent valuation (CV) method is used. In particular, dichotomous choice (DC) format is employed as a method of eliciting willingness-to-pay (WTP) response to incentive-compatible mechanisms. The study also employed the spike model to deal with zero WTP responses from the DC CV survey. This survey of 1,000 randomly selected households in accordance with the guidelines provided by the National Oceanic and Atmospheric Administration (USA) was carried out nationwide in 2013. And, the respondents were asked in person-to-person interviews about their WTP for implementing the MERTP. The results showed that the annual mean WTP was estimated to be 5,414 won per household. Consequently, the annual benefit from the MERTP would be about 98.6 billion won for the next five years. Economic feasibility assessment utilizing the MERTP investment cost and expansion cost of the value provided that net present value, benefit/cost ratio, and internal rate of return are 337.8 billion won, 5.20, and 65.9 %, respectively, which are bigger than 0, 1.0, and 5.5 %, and that the MERTP passes the cost-benefit analysis.