• Journal of the Korean Society for Aviation and Aeronautics
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• v.19 no.2
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• pp.52-57
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• 2011

The procedures of Continuous Descent Approach(CDA) is designed to minimize the thrust required during landing, thereby reducing fuel consumption, noise and emissions compared to conventional approach procedures. Widespread implementation of CDA would result in significant reductions in the environmental impact and aircraft operation costs. This paper estimated the possible economic effects from the perspective of airliners through cost-benefit analysis, provided that the CDA is introduced. It is now proposed that a more comprehensive analysis model, which includes the reduced ATC communication burden between controllers and pilots, not to mention the economic aspect, should be established for the improvement.

• Ocean and Polar Research
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• v.33 no.1
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• pp.77-83
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• 2011

In this study we examined the economic value of restoration technology for oil spill using contingent value methods. One and one half approach to questionnaires can be taken when analyzing tax payer situations as well as single bound approach. The results of the empirical analysis suggest three conclusions. First, the economic value of the restoration technology considered are estimated to be between 8,439 won to 11,867 won per month. Second, the WTP is estimated differently depending on the approaches, OOHB and SB, and the degrees of difference are very sensitive to the model specifications. This empirical result supports the argument for using interval for the economic value when using CVM. Third, the empirical results may provide useful input to policy authorities attempting to estimate the economic justification of the R&D investment for developing an ocean environmental restoration technology.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.48 no.3
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• pp.203-211
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• 1999

This paper presents a new approach on genetic on genetic algorithm to economic dispatch problem for valve point discontinuities. Proposed approach in this paper on genetic algorithms improves the performance to solve economic dispatch problem for valve point discontivuities through improved death penalty method, generation-apart elitism, atavism and sexual selection with sexual distinction. Numerical results on a test system consisting of 13 thermal units show that the proposed approach is faster, more robust and powerful than conventional genetic algorithms.

• Proceedings of the KIEE Conference
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• 1996.11a
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• pp.172-174
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• 1996

This paper presents a new approach on genetic algorithms to economic dispatch problem for valve point discontinuities. Although it has been already shown that genetic algorithm was more powerful to economic dispatch problem for valve point discontinuities than other optimization algorithms, proposed approach in this paper on genetic algorithms improves the performance to solve economic dispatch problem for valve point discontinuities through combination in penalty function with death penalty, generation-apart elitism and heuristic crossover. Numerical results on an actural utility system consisted of 13 thermal units show that the proposed approach is faster and robuster than the classical genetic algorithm.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.43-54
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• 2021

Human capital and innovation capacities are essential elements and one of the sustainable approaches to driving economic growth. However, there is debate among scholars concerning these two factors in fostering economic growth. This study investigates the relationships between human capital and innovation capacity and economic growth in selected ASEAN countries, namely, Malaysia, Thailand, and Indonesia. Economists widely discussed the interrelation of human capital and innovation. A large body of literature stated that human capital is an essential factor and engine of economic growth. Innovation has become key in transforming the economic development of developing countries. We analyze human capital (HC) and innovation capacity (INC) using static panel data analysis. The data analysis shows that the fixed-effect model is the best model in this study. Further, human capital (HC) has a significant positive relationship with economic growth. Meanwhile, innovation capacity has no significant relationship with economic growth. We also found that Malaysia's coefficient of human capital and innovation capacity is higher and more efficient than in Thailand and Indonesia. In conclusion, human capital and innovation capacity are crucial elements for measuring economic growth. Skilled human capital contributes significantly to the economic growth and economic development of a nation.

• Environmental and Resource Economics Review
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• v.23 no.3
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• pp.365-408
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• 2014

The purpose of this paper is to compare efficiencies, two stage efficiencies, and the reduction of economic growth due to the restraint of $CO_2$ and fossil fuel in two efficiency approach by pointing out the limit of traditional efficiency approach and introducing material balance approach. The efficiencies under the traditional approach and the material balance approach report significant gaps when they are analyzed in detail. Especially, in case not including fossil fuels, the low income countries show the bad performance of production efficiencies, but OECD and high-middle income countries reveal the better performance than that of the low countries. It fails to reflect the reality justly. Based on the material balance approach, the low income countries report the higher performance and the alleviated effect of environmental components for economic growth than OECD's.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.35 no.1
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• pp.10-15
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• 2012

This paper considers an economic design problem of a tree-based network which is a kind of computer network. This problem can be modeling to be an objective function to minimize installation costs, on the constraints of spanning tree and maximum traffic capacity of sub tree. This problem is known to be NP-hard. To efficiently solve the problem, a tabu list coupled genetic algorithm approach is proposed. Two illustrative examples are used to explain and test the proposed approach. Experimental results show evidence that the proposed approach performs more efficiently for finding a good solution or near optimal solution in comparison with a genetic algorithm approach.

• Journal of Distribution Science
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• v.12 no.5
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• pp.93-107
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• 2014

Purpose - The pool of entrepreneurs with progressive qualities such as creativity and innovation was considered concurrently with such factors as work and capital that stimulate economic development and growth. This study aims to present a model to support the development of a strategic approach for achieving an overall academic entrepreneurship system in Iran. Research design, data, and methodology - The research design of this study is based on applied research because of its objectives, using principles and techniques formulated for basic research to solve operational and real organizational issues. This design also drives the method used, describing and interpreting the findings. Secondary data (library research) was used for this study's data collection. Because of this research's essential characteristics, no hypothesis is launched, and no research setting, questionnaire design, population or population sampling, validity or reliability tests, or statistical analysis are needed. Results and Conclusions - The model is created using a strategic approach acting in an octal setting comprising social, cultural, legal, economic, political, technological, competitive, and natural environments to present a conceptual framework for future studies.

• Korean Management Science Review
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• v.27 no.2
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• pp.21-29
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• 2010

We consider an economic approach for spectrum operations in mobile networks. We present the investment function of base stations according to the number of FAs assuming the linearity of cell splitting. We show that there is an economic amount of spectrum which corresponds to the optimal number of FAs that minimizes the investment. We analyze the impact of the cost structure and the traffic distribution in base stations on the economic amount of spectrum. This paper is applicable to an economic spectrum operation for mobile operators. In addition, the national regulatory authority can use the economic amount of spectrum as the minimal amount for spectrum allocation.

• Journal of Arbitration Studies
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• v.34 no.1
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• pp.27-50
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• 2024

This paper examines issues concerning conflicts between arbitral awards and public interests, particularly with respect to economic sanctions. Sanctions have been widely used by political entities, such as States and organizations, as means to promote public interests and to resolve cross-border disputes. In particular, economic sanctions have been increasingly more visible in recent years due to the accelerating fragmentation of the international communities, and their magnitude and range of the impacts have grown accordingly. For example, the U.S. and the EU have imposed economic sanctions on Russia and related persons in response to Russia's invasion of Ukraine. The U.S. recently re-introduced a comprehensive economic sanction on Iran. One of the notable impacts of the sanctions, particularly economic sanctions, is that on international arbitration. Sanctions are essentially built on the notion of the protection of public interests, and public interests are some of the few grounds upon which recognition and enforceability or arbitral awards may be rejected. However, jurisprudence on such conflict between sanctions and arbitral awards have not been sufficiently addressed in Korea because court case and administrative decision records on this conflict have not been sufficiently accumulated. In this regard, this paper begins with offering a survey of the concept of public interests, economic and trade sanctions, arbitral awards and their enforceability, and the relationships between them. It then examines the mechanism upon which public interests, trade and economic sanctions may lead certain arbitral awards unenforceable. Next, the paper suggests judiciaries' balanced approach toward the public interests protected by trade and economic sanctions and the predictability and fairness in the enforcement of arbitral awards. Finally, this paper concludes with the methods of the implementation of such balanced approach.