• Journal of Korea Technology Innovation Society
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• v.4 no.2
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• pp.172-181
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• 2001

This is a paper to understand the economic effects of the measurement standards by translog cost function. The data, as of the end of 1998, are from a survey of 514 firms in Korean industry. The analysis is compared to that of 1992 data analysis to check the trend. There are a little differences on the estimated coefficients, but there is no basic difference on trend of economic effects. The Investment on measurement standards have been contributed positively on the major managerial indicators such as productivity, profit, and so on.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.465-471
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• 2011

In order to make an feasibility analysis of such as rail and road transportation infrastructure, it is common to perform economic analysis. one of the most important thing is how to estimate the operation cost of freight rail because that is required during the analysis time period and sometimes that takes more cost than the construction cost. Therefore, this study is to perform the verification of freight rail operation cost which is applied to the economic analysis of railway investment analysis. for this, it is compared truck operation cost variation with freight rail operation cost, when freight volume is converted from road to railway. In conclusion the cost variation of railway part is bigger than road part so it is necessary to improve the operation cost of freight rail estimation process.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.28 no.3
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• pp.103-109
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• 2016

The purpose of this study is to perform comparative economic evaluation for the systems of ground source heat pump (GSHP) and district heating and cooling (DHC) by focusing on the analysis of operation case of GSHP. The adapted research object is a public office building located in Seoul. The capacity of ground source pump is about 3,900 kW. Ground heat exchanger is closed loop type. The analysis period for life cycle cost is 30 years. Economic evaluation is assessed from the viewpoints of the following four parts: initial cost, energy cost, maintenance and replacement cost, and environment cost. The total life cycle cost of GSHP is approximately 8,447 million won. The cost of the DHC System is approximately 3,793 million won. The cost of the DHC is approximately 46% lower than GSHP system under the condition of current rate for GSHP and DHC.

• International Journal of Reliability and Applications
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• v.6 no.1
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• pp.31-39
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• 2005

An economic life test sampling plan for products with exponential lifetime distribution is developed. To reduce test time, a test plan with curtailed Type II censoring is considered. A cost model is constructed which involves three cost components; test cost, accept cost, and reject cost. Determination of optimal plan minimizing the expected average cost per lot is discussed with a constraint related to consumer's risk. Some numerical examples are provided.

• Ocean and Polar Research
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• v.26 no.2
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• pp.187-197
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• 2004

The purpose of this paper is to investigate economic feasibility of manganese nodules in Korea area (Clarion-Clipperton Fracture Zone). We assumed that the production scale of manganese nodules were 3.0MT or 1.5MT and analyzed that the capital cost and operating cost were estimated in the four sectors, exploration, mining, transportation and metallurgical process. The capital cost and operating cost evaluation reflects the latest technical practices. First, for analyzing economic feasibility, the scenario suggests that the production of 4 metals can be made for 25 years. Assuming the discount rate at 8.0%, equity capital at 50% and tax at 27%. When manganese nodule were mininged 3.0 MT, economic feasibility analyses showed that IRR was 12.8 and pay-back period was 9.2 years, and when manganese nodules were mininged 1.5 MT, economic feasibility analyses showed that IRR was 4.0 and pay-back period was 11.8 years. This study indicated there is economic validity of at the product of manganese nodules 3.0 MT. In addition, we carried out a sensitivity analysis at the change of cobalt price on mining 1.5 MT. The result of sensitivity analysis clearly showed that economic validity is high at increasing of cobalt price 50% up.

• 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.

• Ocean and Polar Research
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• v.39 no.1
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• pp.51-59
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• 2017

The purpose of this paper is to estimate the economic value of beaches which are the major part of the East Sea Coast. ITCM (Individual Travel Cost Method) is applied to estimate the economic value of its beaches using Poisson, negative binomial, truncated Poisson and truncated negative binomial models. The consumer surplus during length of stay per capita is 214,088 won in beaches overall on the East Sea Coast, 206,398 won in Gangwon-do beaches and 271,171 won in Gyeongbuk/Ulsan beaches. Annual total economic value of its beaches considering the number of visitors at beaches is 6,269 billion won (3,970 billion won in Kangwondo beaches, 2,299 billion won in Kyungbuk/Ulsan beaches).

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.12
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• pp.603-610
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• 2002

In this paper, a new economic dispatch algorithm for unit commitment is proposed to improve both the accuracy of the final solution and the calculation speed of economic dispatch. By using the inverse incremental cost functions, economic dispatch can be transformed into a simple optimization problem associated with an n-th order polynomial equation. The proposed method remarkably reduces the computation time with adaptability to any higher order generation cost functions. The proposed method is tested with sample system, which shows that the proposed algorithm yields more accurate and economical generation scheduling results with high computation speed.

• Journal of the Korean Home Economics Association
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• v.40 no.10
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• pp.161-176
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• 2002

This study is a basic research for the estimation of the value of unpaid household labor within the national economy system to be reflected in the related policy-making. By measuring economic value of unpaid household labor and estimating the ration to GDP, this study attempted to confirm the productivity of the unpaid household labor and thus contribute to the improvement of socio-economic status of women. Especially, it focused on the development of a standard of estimating unpaid household labor as a method applicable to the present economic and legal system. To organize the method of economic valuation of unpaid household labor and calculate the ration to GDP, this study used three approaches: replacement cost method individual function, replacement cost method generalist and opportunity cost method. Although the estimated result revealed that the economic value of unpaid household labor showed a great extent of deviation according to the estimating methods and the wage rate, total value of household labor ranged from one hundred and thirty eight to two hundred and thirty trillion wens, about 28-48% of GDP in Korea.

• Proceedings of the KSR Conference
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• 2011.10a
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• pp.461-464
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• 2011

Rail transport has been considered as an environmental-friendly transport mode compared with other transport modes such as ship, truck, and aircraft. However, rail industry can not avoid a duty of alleviating Greenhouse gases emission owing to the Korean government polices for green growth which is an economic paradigm that simultaneously pursues growth and environmental improvement. The purpose of this research is to develop a methodology of determining an economic speed of freight train to be green freight train by considering fuel cost, environmental cost, and time cost. In the methodology, we first define a cost function based on cost factors and then suggest an economic speed of freight train by deriving a property.