• Title/Summary/Keyword: Compensation Cost

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A review of economic valuation methods for rural women′s labor (여성농업인 노동의 경제적 가치평가 방법에 관한 소고)

  • 최윤지;유소이;최현자
    • The Korean Journal of Community Living Science
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    • v.13 no.1
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    • pp.25-40
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    • 2002
  • Recently the rural women's role has been changed from assisting men to leading major farm work. However, contribution of women in the rural area has not beers fairly evaluated. Hence, it has been difficult for the rural women to receive the reasonable compensation if they injured, had some disasters or were divorced. Therefore this study tried to suggest economic methods such as market cost approach, opportunity cost method and shadow wage method for evaluating rural women's labor. It might provide some information for helping to establish the status of rural women as a income earner through estimating money value of labor contributed by rural women and furthermore, be useful information to improve the efficiency of farm labor by exploring the relationship between value of labor and actual income. Hence, it might help improve the economic situation and life at home of rural women, solve difficulties in the real life and reduce disparity of economic distribution between urban and rural area.

Economic value evaluation of operating reserve based on opportunity cost (기회비용에 의한 운전예비력의 경제적 가치 평가)

  • Yoon, Yong-Beum;Lee, Jae-Gul;Ahn, Nam-Sung
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.751-753
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    • 2005
  • In this raper, Economic value of reserve margin i.i presented by opportunity cost for Korean power system, and the level of compensation for spinning reserve that is necessary to operate power system stably is proposed. The generator that is giving up for opportunity to participate in energy market must take opportunity cost. it is relative to not only whole demand level but also marginal cost of each resource. In this paper, assume that all resource in Korea is equivalent to six generator for simulation. and we evaluate value of reserve in the time of high demand and low demand. Also we propose the way to improve a evaluation method by examine relationship between capacity payment and value of reserve.

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A Study on the Optimization of Quality Cost for Product Liability (제품책임(製品責任)을 위한 품질비용(品質費用) 최적화(最適化)에 관한 연구(硏究))

  • Go, Bok-Su;Jo, Nam-Ho
    • Journal of Korean Society for Quality Management
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    • v.18 no.1
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    • pp.116-128
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    • 1990
  • Consumer's demand level for products and goods selection power is considerably improved. The pressure of loss compensation is also being accelerated by products which bring damage on property. The producer prevents the loss from causing poor products and considering the quality cost allotment in these circumstances. That is to say, producer should be concerned with the strategy of product liability prevention instead of passive defence policy. This paper intends to estabilish the optimum quality cost in considering product liability, and present the correlation of quality cost elements and multiple regression analysis. It can utilized in qualitycost and budget planning.

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A Study on the Effective Enhancement of the Load Power Factor Using the Load Power Factor Sensitivity of Generation Cost (발전비용의 부하역률 감도를 이용한 효율적인 역률 개선 연구)

  • Lee, B.H.;Oh, M.H.;Kim, J.H.;Shim, K.B.
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.196-198
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    • 2003
  • The low load power factor causes various problems such as the increase of the power loss and the voltage instability. The demand of reactive power increases continuously with the growth of active power and the restructuring of electric power companies makes the integrated management of ractive power troublesome, from which the systematic control of load power factor is required. In this paper, the load power factor sensitivity of the generation cost is derived and its effects in supplying the reactive power and enhancing the load power factor are analyzed in a small-scale power system. The load power factor sensitivity of the generation cost is applied for determining the locations and capacities of reactive power compensation devices. It is shown that the generation cost can be reduced and the system power factor can be enhanced effectively using the load power factor sensitivity.

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Analysis on the Determinants of Land Compensation Cost: The Use of the Construction CALS Data (토지 보상비 결정 요인 분석 - 건설CALS 데이터 중심으로)

  • Lee, Sang-Gyu;Seo, Myoung-Bae;Kim, Jin-Uk
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.10
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    • pp.461-470
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    • 2020
  • This study analyzed the determinants of land compensation costs using the CALS (Continuous Acquisition & Life-Cycle Support) system to generate data for the construction (planning, design, building, management) process. For analysis, variables used in the related research on land costs were used, which included eight variables (Land Area, Individual Public Land Price, Appraisal & Assessment, Land Category, Use District 1, Terrain Elevation, Terrain Shape, and Road). Also, the variables were analyzed using the machine learning-based Xgboost algorithm. Individual Public Land Price was identified as the most important variable in determining land cost. We used a linear multiple regression analysis to verify the determinants of land compensation. For this verification, the dependent variable included was the Individual Public Land Price, and the independent variables were the numeric variable (Land Area) and factor variables (Land Category, Use District 1, Terrain Elevation, Terrain Shape, Road). This study found that the significant variables were Land Category, Use District 1, and Road.

Changes and Challenges in the Concept of Industrial Accident Insurance in Korea (산업재해 인정 형태 변화와 보상체계 합리화 연구)

  • Kim, Jin-Soo;Ra, Ji-Hun;Lee, Seong-Young
    • Korean Journal of Social Welfare
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    • v.59 no.3
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    • pp.59-73
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    • 2007
  • The compensation system in industrial accident insurance is systemized with "either receiving all or no benefits at all" according to "admited or denied as an industrial accident". Therefore, they are centered on the decision as "industrial accident" or "non-industrial accident", but judging between the two is very complicated, and has inherent conflicting factors. In the early stage of industrialization, industrial accident compensation was based on the indemnity liability for employer's faults. In order to be compensated any damage, the injured worker should prove that the accident was not due to his or her faults. However it was very difficult for injured worker or his or her family to prove the employer's faults, so it was almost impossible to get compensation. Thereafter industrialization progress and improvement of workers' political status lead to conversion from principle of liability with employer's faults to principle of liability without employer's faults. In addition to that, coverage of industrial accident compensation was also expanded. This improvement strengthened the benefit payment principle of "All or Nothing". Even though the "All or Nothing" principle provokes tremendous criticism, the reason why it's difficult for industrialized countries to adopt partial compensation system, is that partial compensation system worsens the administrative hardship, therefore industrialized countries overcome the restrictions of the "All or Nothing" principle with making balance in provisions for any risk to some extent. However, in Korea because the general compensation system for covering medical cost and income loss from accidents, is not equipped, it could be possible to cause acute conflicts with regard to coverage of industrial accidents. Therefore it is required to improve the industrial accident insurance with the acceptance of the significance and logic of discriminated compensation, and create the integrated compensation system in the long run.

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Determinants of selecting a doctor in specialized medical institutions and general hospitals (종합전문요양기관과 종합병원의 선택진료 결정요인)

  • An, Byeung-Ki;Park, Jae-Yong
    • Health Policy and Management
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    • v.21 no.4
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    • pp.599-616
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    • 2011
  • This research was performed to investigate the determination factors of medical service to cover the fee for selecting a doctor which is one of the most important causes of debilitating national health insurance in Korea. Data was from Korea Health Panel and analyzed by Dutton(1986)'s medical service model which was an extended Anderson Model and was widely used in the researches on determination factors of medical service. The results were as follows; In the determinants of selecting a doctor in specialized medical institutions and general hospitals, patients with serious diseases selected doctors more often than other patients. By industrial accident compensation insurance law and enforcement ordinances, insurance covers the fee of selecting a doctor in the hospitals appointed by Labor Welfare Corporation for the patients in critical conditions under industrial accident compensation insurance, while health insurance patients pay the fee themselves for selecting a doctor in all cases. It is suggested that patients with serious diseases proved by medical opinion be provided with health care insurance in selecting a doctor and that the health insurance benefit coverage be enhanced by staged lowering of patient's cost-sharing.

An Analysis of Container Terminal Facilities Leasing Fee by Assessing Total Sea-Transportation Costs (총 해상운송비용 평가를 통한 컨테이너터미널 전대사용료 분석)

  • Kim, Hyun
    • Journal of Navigation and Port Research
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    • v.28 no.8
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    • pp.709-714
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    • 2004
  • This paper first tries to analyze total sea transport costs for the transshipment in Busan Port in comparison with direct transport to 4 Chinese Ports, Dalian, Tinajin, Qingdao and Shanghai, based on vessel operation scenarios. The results found that the transshipment in Busan port for the 4 Chinese ports are more expensive than the direct calling to the 4 ports, which implies that Busan port needs to make compensation as an incentive to the carriers providing transshipment service to it in order to keep their royalty. For the compensation, it suggested a method of calculating the Container Terminal Facilities Leasing Fee to levy additional revenue by port authority.

The Effect of Control-Ownership Disparity on Cost Stickiness

  • Chae, Soo-Joon;Ryu, Hae-Young
    • Journal of Distribution Science
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    • v.14 no.8
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    • pp.51-57
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    • 2016
  • Purpose - If control-ownership disparity is large, managers will not actively reduce costs; rather, they will maintain unutilized resources or possess surplus resources even when sales decrease with the purpose of increasing personal utility from status, power, compensation, and prestige. These managers' utility maximizing tendencies cause cost stickiness. We examine whether asymmetric behavior related to costs becomes stronger when there is a large disparity between ownership and control rights. Research design, data, and methodology - We construct a regression model to examine the relationship between control-ownership disparity and cost stickiness. STICKY, a dependent variable representing cost stickiness is a value found using the method of Weiss (2010), and Disparity is an interest variable that shows control-ownership disparity. Results - This study is based from the unique situations in Korea, in which high control-ownership disparity is common in firms. Large control-ownership disparity was found to increase cost stickiness of corporations. Conclusions - The results of this study imply that controlling shareholders may be regarded as a threat to the interests of minority shareholders and corporate values especially when controlling shareholders have significant influence over managers or the power to make managerial decisions as owners of a corporation.

A Study on the Measures to Improve the Assessment Method for Loss Compensation of Landscape Plants (조경수의 손실보상 감정평가 개선에 관한 연구)

  • Park, Yool-Jin;Lim, Yoen-Hong
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.20 no.3
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    • pp.19-31
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    • 2017
  • Plants are the basis for sustainable green growth, and the value of existence and importance of trees including landscape Plants can't be emphasized enough. Therefore, they are precious living things thriving in all sorts of public services, and continuous civil complaints for justifiable compensation of landscape Plants are filed. First, the standard formula of planting intervals according to production target specifications is calculated using root-collar caliper and diameter at breast height, and apply (1) standard medium sized trees which have not yet reached commercialization [deciduous tree production goal (R(B) less than 6cm]= (target standard)= [target standard $R(cm){\times}15{\times}0.7$]. (2) In case of commercialization(R6~R10)= [target standard $R(cm){\times}15{\pm}5%$], (3) In case of more than R12= [target standard $R(cm){\times}15{\times}130%$] shall be applied. In case of using diameter at breast height (4) In case of commercialization(B6~B10)= [target standard $B(cm){\times}20{\times}15{\pm}5%$], (5) In case of more than B12= [target standard $B(cm){\times}20{\times}130%$] shall be applied. Second, appraisal methods based on tree classification of compensation for loss are classified according to planted locations. (1) landscape trees within a house=[price of arrival at the site+planting cost], (2) landscape trees in places such as arboretum=[management technology of tress + relocation expenses considering scarcity of the trees (3) landscape trees in a place of loads= [landscape tree production cost + work out added price. In case of producted landscape threes (4) landscape trees ready to be commercialized as sales loss.