• Title/Summary/Keyword: Cost Estimating Model

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Estimating the Value of Travel Time for Intercity Leisure Trips (지역간 여가통행의 시간가치 산정 연구)

  • Lee, Jang-Ho
    • Journal of Korean Society of Transportation
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    • v.30 no.6
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    • pp.59-70
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    • 2012
  • The relative importance of leisure trip has been increased after adopting the five-day workweek system and considering the higher income level. Thus, the value of travel time for intercity leisure trips should be estimated to conduct a reasonable benefit/cost analysis for railway construction projects. In this paper, the value of travel time was estimated separately for each trip purpose such as business, leisure, and other non-business than leisure. The estimated values of leisure travel time ranged from 5,310 to 14,185 (won/hr) by altering travel mode, and were increased by 42-107% when comparing with those of non-business travel time. Besides, how to apply the value of intercity leisure travel time for B/C analysis of railway projects was suggested. For the construction case of a railway connecting Chuncheon and Sokcho, the estimated benefit was increased by 2.3%.

A Study on Differences of Economic Benefits by Volume Calibration in Road Construction Projects (도로시설 규모산정에 있어서 교통량 정산과정에 따른 경제적 편익 차이에 관한 연구)

  • Kim, Sang-Gu;Kim, Geun-Deok
    • Journal of Korean Society of Transportation
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    • v.27 no.5
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    • pp.7-16
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    • 2009
  • This paper proposes a plan which can raise the accuracy of economic benefit estimation in road construction projects. The point of existing economic appraisals may be that the speeds forecasted by models are different from the field speeds because only volumes are calibrated in the road network. The result of such a calibration has an influence on estimating wrong economic benefits in terms of vehicle operating cost savings, travel time savings, and air pollution savings. Then this study performs a calibration when volumes are at the same amount but the calibration between the field speeds and model speeds is different from each other with two different volume-delay functions; the differences of benefits are confirmed according to two different speed calibrations. Three improvement schemes, including the development of a new volume-delay function, are proposed in this study in order to solve the problem of current benefit calculations. The outcome of this study will help practitioners perform more accurate benefit calculations and reasonable economic appraisals.

Traffic Flow Sensing Using Wireless Signals

  • Duan, Xuting;Jiang, Hang;Tian, Daxin;Zhou, Jianshan;Zhou, Gang;E, Wenjuan;Sun, Yafu;Xia, Shudong
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.15 no.10
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    • pp.3858-3874
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    • 2021
  • As an essential part of the urban transportation system, precise perception of the traffic flow parameters at the traffic signal intersection ensures traffic safety and fully improves the intersection's capacity. Traditional detection methods of road traffic flow parameter can be divided into the micro and the macro. The microscopic detection methods include geomagnetic induction coil technology, aerial detection technology based on the unmanned aerial vehicles (UAV) and camera video detection technology based on the fixed scene. The macroscopic detection methods include floating car data analysis technology. All the above methods have their advantages and disadvantages. Recently, indoor location methods based on wireless signals have attracted wide attention due to their applicability and low cost. This paper extends the wireless signal indoor location method to the outdoor intersection scene for traffic flow parameter estimation. In this paper, the detection scene is constructed at the intersection based on the received signal strength indication (RSSI) ranging technology extracted from the wireless signal. We extracted the RSSI data from the wireless signals sent to the road side unit (RSU) by the vehicle nodes, calibrated the RSSI ranging model, and finally obtained the traffic flow parameters of the intersection entrance road. We measured the average speed of traffic flow through multiple simulation experiments, the trajectory of traffic flow, and the spatiotemporal map at a single intersection inlet. Finally, we obtained the queue length of the inlet lane at the intersection. The simulation results of the experiment show that the RSSI ranging positioning method based on wireless signals can accurately estimate the traffic flow parameters at the intersection, which also provides a foundation for accurately estimating the traffic flow state in the future era of the Internet of Vehicles.

A Deep Learning Based Device-free Indoor People Counting Using CSI (CSI를 활용한 딥러닝 기반의 실내 사람 수 추정 기법)

  • An, Hyun-seong;Kim, Seungku
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.24 no.7
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    • pp.935-941
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    • 2020
  • People estimation is important to provide IoT services. Most people counting technologies use camera or sensor data. However, the conventional technologies have the disadvantages of invasion of privacy and the need to install extra infrastructure. This paper proposes a method for estimating the number of people using a Wi-Fi AP. We use channel state information of Wi-Fi and analyze that using deep learning technology. It can be achieved by pre-installed Wi-Fi infrastructure that reduce cost for people estimation and privacy infringement. The proposed algorithm uses a k-binding data for pre-processing process and a 1D-CNN learning model. Two APs were installed to analyze the estimation results of six people. The result of the accurate number estimation was 64.8%, but the result of classifying the number of people into classes showed a high result of 84.5%. This algorithm is expected to be applicable to estimate the density of people in a small space.

Estimating the Value of Statistical Life by Analysing Disease Protective Behavior: Focusing on Medical Examination of Cancer (질병예방행위 분석을 통한 확률적 인간생명가치 추정: 암 검진 행위 분석을 중심으로)

  • Shin, YoungChul
    • Environmental and Resource Economics Review
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    • v.17 no.4
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    • pp.845-873
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    • 2008
  • This study estimates the VSL(value of a statistical life) as well as the WTP(willingness to pay) for mortality risk reduction using sample selection model with data on liver cancer examination which is associated with little possibility of multi-purpose(i.e. joint production) in averting behavior. The marginal benefits of mortality risk reduction are estimated by applying for household production function model with medical expense and the time required for medical examination of liver cancer. Individuals are more likely to take liver cancer test if they are male, older, higher educated, those with spouse, smoker, more income of household, and more anxious about their health. The costs of liver cancer examination are statistically significantly affected with expected signs by size of mortality risk reduction, sex, period of eduction, those with spouse, and household income. The marginal effect of mortality risk reduction owing to taking liver cancer examination is estimated at 321,097 won. The costs of liver cancer examination are increased by 905 won with more one year of education period and by 1,743 won with more one million won in household income. On liver cancer examination, male spends more 12,310 won than female and those with spouse pay more 7,969 won than those without spouse. Therefore the VSL from mortality risk reduction due to liver cancer examination is 321.10 million won at mean size of mortality risk reduction and mean cost of liver cancer examination. The results of sensitivity tests on costs and effects of liver cancer test shows that the VSLs are estimated in a range from 160.55 million won to 642.19 million won.

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The Econometric Evaluation of the Impact of R&D Incentive on Technological Outcomes (R&D지원정책이 기술성과에 미치는 영향분석)

  • Lee, Johng-Ihl;Kim, Chan-Jun
    • Journal of Korea Technology Innovation Society
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    • v.10 no.1
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    • pp.1-21
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    • 2007
  • Among numerous policy influencers' and researchers' advices and policy suggestions, there is little opposition to the proposition that technology is essential to the economic development. The role of technology has never been more emphasized than today in Korea as in any other countries. The effects of the government's innovation policy on corporate R&D activities and more broadly the economic welfare of a whole nation are widely recognized with intuitional and empirical evidence. That is, various R&D incentives reduce the marginal cost of a firm's R&D efforts, inducing as much increase of its R&D investment to result in a better chance to acquire target technology. This paper examines the impact of R&D incentives on the technological outcomes by analyzing individual firms' investment behaviors subject to the government's R&D incentive policies. An econometric model of technological outcomes is estimated on a project level with cross-sectional data. "Probit model" is employed for estimations. Special attention was given to the effectiveness of R&D programs by estimating policy impact by types of investment. The data were collected from 928 different R&D projects completed between 1987 and 1993. With the single equation approach, we were able to find that the structure of investment is a far more significant factor in technological outcomes than the total amount of investment. The analysis also shows that the two types of firms' matching investment, in-kind and cash, do not bear a complementary, but a substitutive relations to each other. It also reconfirms the proposition that R&D incentives increase firm's financial investment. Despite many supportive studies emphasizing the cooperation between innovation performers, it is also found that the larger the number of institutions involved in a project, the less likely it leads to a technological success, And meeting the proposed deadlines without postponing is estimated to be a good barometer to predict the outcome of an R&D project. Also the probabilities of success for major variables are represented for policy implications, after calculating marginal effects.

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Analysis and Estimation of Factors Affecting Travel Time Budget (통행시간예산의 요인분석 및 추정)

  • Kim, Tae-Ho;Park, Je-Jin;Lee, Ki-Young;Park, Yong-Duk
    • International Journal of Highway Engineering
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    • v.11 no.3
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    • pp.13-21
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    • 2009
  • The traveler's travel pattern has significantly changed due to the social and economic changes. The travel time among the traveler's pattern is the limited resource. The travelers are trying to maximize the utility of travel with the least travel cost. So, the travelers travel with their own travel time budget in mind, which they can pay or choose to pay for the optimal maximization of the utility of the individuals. This research is to group and extract the specific factors which affect the travel time budget by utilizing the CART analysis method, which enables the analysis of traveler's characteristics and their interrelationship based on the data collected from "2002 Household Travel Practice Research" and then try to derive a model for estimating the traveler’s travel time budget. The result of CART analysis shows that the factors which affect the travel time budget include the traveler's age, size of house, type of house, type of employment, job and relation to the head of household. Considering the affecting factors derived, I developed an estimation model. From that model, we found that the age, size of house and type of house were positively (+) related to the travel time budget while the homeworking people who have less travel frequency as a type of employment were negatively (-) related to it. In particular, from the point of type of job, the housewives, children not yet old enough to attend schools and people who are working in the agricultural, or marine product industries were found to have the negative (-) value while the people who have the administrative, office, management jobs were found to have the positive (+) value.

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Estimation of Bridge Vehicle Loading using CCTV images and Deep Learning (CCTV 영상과 딥러닝을 이용한 교량통행 차량하중 추정)

  • Suk-Kyoung Bae;Wooyoung Jeong;Soohyun Choi;Byunghyun Kim;Soojin Cho
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.28 no.3
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    • pp.10-18
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    • 2024
  • Vehicle loading is one of the main causes of bridge deterioration. Although WiM (Weigh in Motion) can be used to measure vehicle loading on a bridge, it has disadvantage of high installation and maintenance cost due to its contactness. In this study, a non-contact method is proposed to estimate the vehicle loading history of bridges using deep learning and CCTV images. The proposed method recognizes the vehicle type using an object detection deep learning model and estimates the vehicle loading based on the load-based vehicle type classification table developed using the weights of empty vehicles of major domestic vehicle models. Faster R-CNN, an object detection deep learning model, was trained using vehicle images classified by the classification table. The performance of the model is verified using images of CCTVs on actual bridges. Finally, the vehicle loading history of an actual bridge was obtained for a specific time by continuously estimating the vehicle loadings on the bridge using the proposed method.

A Study On The Economic Value Of Firm's Big Data Technologies Introduction Using Real Option Approach - Based On YUYU Pharmaceuticals Case - (실물옵션 기법을 이용한 기업의 빅데이터 기술 도입의 경제적 가치 분석 - 유유제약 사례를 중심으로 -)

  • Jang, Hyuk Soo;Lee, Bong Gyou
    • Journal of Internet Computing and Services
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    • v.15 no.6
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    • pp.15-26
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    • 2014
  • This study focus on a economic value of the Big Data technologies by real options model using big data technology company's stock price to determine the price of the economic value of incremental assessed value. For estimating stochastic process of company's stock price by big data technology to extract the incremental shares, Generalized Moments Method (GMM) are used. Option value for Black-Scholes partial differential equation was derived, in which finite difference numerical methods to obtain the Big Data technology was introduced to estimate the economic value. As a result, a option value of big data technology investment is 38.5 billion under assumption which investment cost is 50 million won and time value is a about 1 million, respectively. Thus, introduction of big data technology to create a substantial effect on corporate profits, is valuable and there are an effects on the additional time value. Sensitivity analysis of lower underlying asset value appear decreased options value and the lower investment cost showed increased options value. A volatility are not sensitive on the option value due to the big data technological characteristics which are low stock volatility and introduction periods.

Suggestion of Improving and Estimating Parking Space Section Considering Proper Position of Car-Stopper (카스토퍼 설치위치를 고려한 주차단위구획 산정 및 개선방안 제시)

  • Kwon, Sung-Dae;Park, Je-Jin;Lee, Jun-Young;Ha, Tae-Jun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.3
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    • pp.1095-1104
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    • 2013
  • The number of vehicles registered in Korea is rapidly increasing and will reach 18.26 million as of June 2011. The rapid increase of large-size passenger cars and RVs among this number is causing damage to other vehicles when parked in currently installed parking lots, increased civil complaints from the damage, and inconveniences to people trying to pass through parking lots as well. In particular, the car-stoppers indiscriminately installed at the parking lots are also causing accidents and adding to parking problems, causing economic losses. Accordingly, there should be new regulations for the amount of parking space per vehicle and for locations to install the car-stoppers. The research has first reviewed the distribution ratio of vehicle models from home and abroad for the width and length of the vehicles by each model, parking space per vehicle where the car-stoppers are installed and examples of changes in distribution ratio. In addition, the amount of parking space per vehicle was calculated with consideration for various specifications by each car model. As a result, margin width of full sized car is decreased by 18~21mm on the existing width. This is judged decreases accident of parking lot, because length of the front of car is not deviate parking Space Section. In conclusion, presented improvement ideas for parking plans with enhanced convenience and safety from the aspect of the drivers. Parking lot relevant businesses will also be maximized in terms of cost and efficiency when the criteria for the structure of parking lots and their installation is established and the improved parking plan is applied in the future.