• Title/Summary/Keyword: Change rate of index

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CONSTRUCTION COST INDEX FOR APPLYING INDEX ADJUSTMENT RATE IN THE ROAD PROJECT

  • Jin-Young Chun;Sungkwon Woo
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1112-1117
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    • 2005
  • Construction cost index is generally used to estimate the new project cost based on past construction data and to adjust contract cost when the price change of various articles and items of expenditure composing the contract occurs. In Korea, it is mostly used for adjustment of construction contract cost due to fluctuation of prices. However index adjustment rate which is used for adjustment of construction contract cost had some problems in calculating cost index of each expenditure item that could not reflect properly the change of construction cost. For supplementing these problems, the research of developing construction cost index has been executed. Through the precedent research, these problems were partially resolved but still remain. Therefore this research proposes method of making cost index that utilizes representative items of labor, material, and equipment by analyzing bill of quantity of road construction, through analysis and comparison of precedent study. By using this method, it is expected to solve problems which were not reflected in precedent studies.

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An analysis on the change rate of housing rent price index (월세가격동향조사 통계의 가격지수 변동률 분석)

  • Yeon, Kyu Pil
    • 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.

A Study on Quantitative Performance Index for Phase-Change Cooling Systems (상변화 냉각시스템의 정량적 성능지수 연구)

  • Jang, Myeong-Eon;Song, Hye-Eun
    • Journal of the Korea Institute of Military Science and Technology
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    • v.23 no.3
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    • pp.237-245
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    • 2020
  • In this paper, I introduce Phase-Change Cooling for thermal management of high power devices that can be applied to High Power Laser and Electric Propulsion Systems which are composed of multiple distributed superheat sources. Phase-Change Cooling can be good used to efficient cooling of their heat sources. Phase-Change Cooling has extremely high efficiency of two-phase heat transport by utilizing heat of vaporization, relatively low flow rates and reduced pumps power. And I suggest TPI(Thermal Performance Index) which is a quantitative performance index of Phase-Change Cooling for thermal management. I quantify the performance of Phase-Change Cooling by introducing TPI. I present the test results of TPI's changing refrigerant, heat sink and flow rate of the Phase-Change Cooling system through the experiments and analyze these results.

The Effect of the Reduction in the Interest Rate Due to COVID-19 on the Transaction Prices and the Rental Prices of the House

  • KIM, Ju-Hwan;LEE, Sang-Ho
    • The Journal of Industrial Distribution & Business
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    • v.11 no.8
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    • pp.31-38
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    • 2020
  • Purpose: This study uses 'Autoregressive Integrated Moving Average Model' to predict the impact of a sharp drop in the base rate due to COVID-19 at the present time when government policies for stabilizing house prices are in progress. The purpose of this study is to predict implications for the direction of the government's house policy by predicting changes in house transaction prices and house rental prices after a sharp cut in the base rate. Research design, data, and methodology: The ARIMA intervention model can build a model without additional information with just one time series. Therefore, it is a time-series analysis method frequently used for short-term prediction. After the subprime mortgage, which had shocked since the global financial crisis in April 2007, the bank's interest rate in 2020 is set at a time point close to zero at 0.75%. After that, the model was estimated using the interest rate fluctuations for the Bank of Korea base interest rate, the house transaction price index, and the house rental price index as event variables. Results: In predicting the change in house transaction price due to interest rate intervention, the house transaction price index due to the fall in interest rates was predicted to change after 3 months. As a result, it was 102.47 in April 2020, 102.87 in May 2020, and 103.21 in June 2020. It was expected to rise in the short term. In forecasting the change in house rental price due to interest rate intervention, the house rental price index due to the drop in interest rate was predicted to change after 3 months. As a result, it was 97.76 in April 2020, 97.85 in May 2020, and 97.97 in June 2020. It was expected to rise in the short term. Conclusions: If low interest rates continue to stimulate the contracted economy caused by COVID-19, it seems that there is ample room for house transaction and rental prices to rise amid low growth. Therefore, In order to stabilize the house price due to the low interest rate situation, it is considered that additional measures are needed to suppress speculative demand.

Application of Mean Rate-of-Change Index to the Decomposition of Carbon Dioxide Emissions (평균 변화율지수에 의한 CO2 배출요인 분해방법)

  • Chung, Hyun-Sik;Rhee, Hae-Chun
    • Environmental and Resource Economics Review
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    • v.9 no.3
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    • pp.489-513
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    • 2000
  • This paper introduces a new method to estimate and decompose sources of carbon dioxide emissions using an input-output model with decomposition method free of residual usually associated with this kind of analysis. This method is different from others, using what we call 'mean rate-of-change index (MRCI)' for weights of the decomposed terms. Ang et al.(1998) asserted that logarithmic mean divisia index(LMDI) is superior to Laspeyres index(LI) or simple average divisia index(SADI) since it reduces residual to zero. We claim that our method is an improvement over the other methods because it enables residual free decomposition even when data contain negative values, the case which LMDI cannot handle. We demonstrate by way of showing some examples that our method is superior to LI, SADI(Proops, 1993 and Chung, 1998) or LMDI(Ang et al., 1998).

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A Study on the Reliability of Superconducting Fault Current Limiter and Adjacent Distribution Equipments (초전도한류기와 인근 배전설비의 신뢰도에 관한 연구)

  • Bae, In-Su;Kim, Sung-Yul;Kim, Jin-O
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.11
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    • pp.2122-2127
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    • 2009
  • This study presents the failure rate and repair rate of Superconducting Fault Current Limiter(SFCL) and adjacent distribution equipments. When the fault current penetrated SFCL, the supply of electric power to the customers can be partly continued. It is expected that SFCL makes to improve the reliability index of customers. Contrary to the expectations, the series connection between SFCL and distribution system could deteriorate the reliability index. To evaluate the reliability index in the distribution system including SFCL, the failure rate and repair rate of SFCL are required as well as that of distribution equipments. Also, the insertion of SFCL makes to change the failure rate and repair rate of adjacent equipments. This study proposes a method to calculate the failure rate and repair rate of a component combining SFCL and adjacent equipments.

The Relationship Between Temperature and Spring Phytophenological Index (기온과 봄 식물계절지수와의 관계)

  • Jang, Jung Gul;Yoo, Sung Tae;Kim, Byung Do;Son, Sung Won;Yi, Myung Hoon
    • Korean Journal of Plant Resources
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    • v.33 no.2
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    • pp.106-115
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    • 2020
  • In order to find out the relationship between spring phytophenological index and temperature index for the past nine years (2010~2018), this study identified the relationship between temperature changes and trends in spring phytophenological index of sprouting, flowering and leaf unfolding of Pinus densiflora Siebold & Zucc., Larix kaempferi (Lamb.) Carrière, Quercus mongolica Fisch. ex Ledeb., Rhododendron mucronulatum Turcz., Lindera obtusiloba Blume and Acer pseudosieboldianum (Pax) Kom. in Daegu Arboretum, Palgong mt., Juwang mt. and Gaya mt. The change in temperature was caused by an increase in the monthly average temperature between March and April compared to February for nine years, and the average temperature of Daegu Arboretum and Palgong mt. were higher by region. The sprouting, flowering and leaf unfolding were the fastest of the Lindera obtusiloba and the slowest of the Pinus densiflora for each species, and the fastest plant season in Daegu arboretum came. SPI (Spring Phytophenological Index) tends to advance by -1.267~-6.151/9 years, with the largest Pinus densiflora (-6.151/9 years), with the lowest rate of change for Rhododendron mucronulatum (-1.267 days/9 years). Species which shows significant values in sprouting, flowering and leaf unfolding is Rhododendron mucronulatum and Pinus densiflora, which correlate with the mean temperature of January to March. As a result of checking the time series change of SPI, the change rate in the four regions was all negative and the phenolocal index was all accelerating. Among them, the rate of change was greater in inland areas such as Daegu arboretum, Palgong Mt. and Gaya mt. and the rate of change was slightly lower in the case of Juwang mt., which is somewhat distant.

A Study of Thermal Performance Evaluation Index for Building (건물의 열성능 평가 지표에 관한 연구)

  • Kim, Mi-Hyun;Suh, Seung-Jik
    • Journal of the Korean Solar Energy Society
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    • v.27 no.4
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    • pp.67-75
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    • 2007
  • This study intends to the adequacy inspection of the room temperature variation rate that is available in the building heat performance evaluation index, so we performed the sensitivity analysis about the room temperature variation rate and the energy consumption in the room. For these purpose, we supposed the models which are composed of the various window area, insulation thickness and ventilation rate. Then we analyzed the simulation using the ESP-r and Seoul weather data. In this research, the pattern of the increasing & decreasing rate of annual load according to the change of the various design factors is similar to the pattern of increasing & decreasing rate of not the K-values but the room temperature variation rate. Also we derive the optimum value of the various design factors and the room temperature variation rate in this analysis model. Further study is to be required the development of convenient tool to use in the real design.

A High Impedance Fault Detection Algorithm Using Wavelet Transform (Wavelet 변환을 이용한 배전 계통의 고 저항 사고 검출 알고리즘)

  • Nam, S.R.;Kang, Y.C.;Kim, S.S.;Sohn, J.M.;Park, J.K.;Jang, S.I.;Kim, K.H.;Kim, I.D.
    • Proceedings of the KIEE Conference
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    • 1997.07c
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    • pp.975-978
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    • 1997
  • This Paper presents a high impedance fault (HIF) detection algorithm of distribution systems using wavelet transform. Two HIFs on dry soil and sandy soil were simulated on various load conditions in 22.9 kV distribution systems using EMTP, and the current wavelets were decomposed by wavelet transform. The current root mean square(rms) change, the index change rate and the relative amplitude change were used as the multi-criteria for a HIF detection. The index change rate and the relative amplitude were made using the wavelet coefficients.

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A Study on the Policies to improve the Escalating Regulations of Construction Price - With a Focus on Results of a Delphi Survey - (물가 변동에 따른 건설공사비 조정 제도의 개선 방안 - 델파이(Delphi) 설문 조사 결과를 중심으로 -)

  • Choi Min-Soo
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.6 s.22
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    • pp.203-211
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    • 2004
  • This study is the results to survey on the problems and improvable Policies for current escalation system in construction contracts, through a Delphi survey to experts. From the survey results, it is desirable to decide the fluctuation rate of construction cost, which is the requirement of escalation clause, on the basis of inflation rate or construction cost index. The desirable price fluctuation rate is proposed as a $3\%$ level. However, it is difficult for construction companies to cope with the sudden increase of material price in advance, arising from short-term shock factors such as exchange rate and international raw material's price. Accordingly escalation system for specified materials, as an exceptional mode, should be introduced. As a method to calculate the fluctuation rate, ARCA(adjustment rate for the categories of articles) is more desirable than ARI(adjustment rate for an index), because the ARCA can be more reflected the characteristics of each construction work.To rationalize the ARI method, it is needed to announce the wage index, material index and machinery expense index via detailed classification by construction types. Also, it is desirable to prescribe the bidding date as a starting date of the price change, rather than contact signing date. considering the price change can happen since the biddiilg stage.