• Title/Summary/Keyword: Economic comparison

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The Economic Feasibility of Building-Integrated Photovoltaics System Installed on the Roof of Residential Building - Focused on Comparison with Construction Cost of BAPV System Depend on Roof Finishing Materials

  • Oh, Byung-Chil
    • KIEAE Journal
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    • v.17 no.1
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    • pp.15-21
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    • 2017
  • Purpose: This study was on the economic feasibility of BIPV system, focused on comparison with construction cost of BAPV system depend on roof finishing materials, and to suggest basic data on the construction cost. Method: Construction cost of BAPV system was calculated, by selecting asphalt single, flat type roof tile, color steel plate, titanium zinc plate as roof finishing material of residential building and by sum up each cost for roof finishing construction and cost for 3kWp-volumed PV module installation. Also, the economic feasibility was analysed quantitatively by comparing the cost for BIPV system construction, installing same volumed PV module instead of roof finishing materials. Result: 1. By installing BIPV system instead of the roof finishing material, the cost of construction falls ; about 19% in case of the titanium zinc plate, which is the most expensive, and about 11% in case of the color steel plate. 2. Reducing amount of the construction cost gets larger because of installing BIPV module instead of the roof finishing material, as the construction cost for roof finishing material gets higher ; therefore, it is more economical than BAPV system in terms of whole cost of construction.

A Comparison of Determinants of International Remittance in Developed and Developing Countries (해외 송금 결정 요인: 개도국과 선진국의 비교 분석)

  • Seung-Hwan Yoon
    • Korea Trade Review
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    • v.47 no.2
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    • pp.89-101
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    • 2022
  • International remittances play a crucial role in the economic management of each country, especially in developing countries. Its functions are diverse, including procurement of foreign currency, serving as a cushion for the balance of payments and foreign exchange reserves by reducing the adverse external shocks, driving economic growth, easing the gap between the rich and the poor, and maintaining macroeconomic stability. However, previous studies on remittances have mainly focused on macro-and micro-economic aspects to analyze the determinants. Therefore, this study attempts to identify the determinants of remittances in 122 countries over the past 25 years from macroeconomic and educational aspects as well as institutional qualities. In addition, given the fact that almost all of the world's top 10 recipient countries in terms of GDP and total remittance size are developing countries, developed and developing countries are separated and analyzed for comparison, assuming that there may be a difference between the two groups. Results show that the coefficients of developed and developing countries are different in four areas: Control of Corruption (CC), Rule of Law (RL), Voice and Accountability (VA), and Regulatory Quality (RQ) among the six institutional variables of interest in this study. These results implicate that even the same institutions and policies should be applied and implemented differently depending on the circumstances of each country. In addition, as suggested by the World Bank, policymakers in all countries should double their policy efforts to lower the costs of remittance and improve access to the financial system for immigrants or dispatched workers to ensure a steady inflow of remittances.

An Analysis of the Household Consumption Expenditure Structure by the Korean Economic-Development Plan Years (한국경제개발 계획년도별 가계소비지출 구조분석)

  • 박선미;김영숙
    • Journal of Families and Better Life
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    • v.10 no.2
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    • pp.1-18
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    • 1992
  • The purpose of this study is to consider the socio-economic development and policy in each five-year economic development plan influences of urban households and to seek a plan of household stability and reasonable consumption expenditure on the aspect of Family economics. Data is based on the "Annual Report on the Family Income and Expenditure survey" of the National Bureau of Statistic Economic Planning Board, Republic of Korea and analyzed as follows: First, in analysis to the structure of consumption expenditure, the averaged percentage of each item to total consumption expenditure is estimated by each Economics Development Plan year. Second, in order to analyze the relative importance value of household consumption expenditure, priority correlation order is derived from comparison of characteristics of household consumption expenditures by multiple regression analysis. Third the patterns of consumption expenditure of salary and wage earner's households in all cities are estimated by the household consumption function, marginal propensity to consume, and income elasticity, according to socio-economic variable, and demographic variable. In the recent Korean economy, income level of household is increased and consumption expenditure level is largely increased because of the execution of economic development plan. But the improvement of income derives the increasment of the consumption needs and over-consumption trend is spread due to the import liberization. And above all, the reasonable household management and economic life are needed.

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Application of Economic Risk Measures for a Comparative Evaluation of Less and More Mature Nuclear Reactor Technologies

  • Andrianov, A.A.;Andrianova, O.N.;Kuptsov, I.S.;Svetlichny, L.I.;Utianskaya, T.V.
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.16 no.4
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    • pp.431-439
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    • 2018
  • Less mature nuclear reactor technologies are characterized by a greater uncertainty due to insufficient detailed design information, operational data, cost information, etc., but the expected performance characteristics of less mature options are usually more attractive in comparison with more mature ones. The greater uncertainty is, the higher economic risks associated with the project realization will be. Within a comparative evaluation of less and more mature nuclear reactor technologies, it is necessary to apply economic risk measures to balance judgments regarding the economic performance of less and more mature options. Assessments of any risk metrics involve calculating different characteristics of probability distributions of associated economic performance indicators and applying the Monte-Carlo method. This paper considers the applicability of statistical risk measures for different economic performance indicators within a trial case study on a comparative evaluation of less and more mature unspecified LWRs. The presented case study demonstrates the main trends associated with the incorporation of economic risk metrics into a comparative evaluation of less and more mature nuclear reactor technologies.

A Study on The Utility Estimation about Employment of The Disabled (AHP를 이용한 장애인고용의 효용성평가 연구)

  • Na, Hea-Sook
    • Journal of the Korea Safety Management & Science
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    • v.10 no.2
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    • pp.225-235
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    • 2008
  • It is expected that the change of industrial structure of Knowledge based economy, and service based economy would affect on economic life of physically-challenged person with no exceptions. There have been some former studies which have been misunderstood the employment of disabled due to the declining employment of the disabled and prejudice to the disabled based on biased perspective and public opinion. This study have analyzed the employment conditions of the ordinary workers and disabled workers out of those prejudices and biased opinions. Wage, economic activity ratio, age, educational background and industry those 5 parameters are brought for analyzing the two comparison group. Each parameter have compared based on the statistical data of ordinary workers and disabled workers for past 7 years. Weight between each parameter have been drawn by collecting the experts' opinion using AHP(Analytic Hierarchy Process), and utility of employment of two comparison groups have been estimated through progress inclination of each parameter. Through the estimated outcome, present condition and controversial issues and way of improvement of domestic employment of ordinary workers and the disabled is mentioned.

Penalty Factor Computation Algorithms for Economic Load Dispatch Based on B-Coefficient and AC Load Flow and their Performance Comparison (경제급전을 위한 B-계수와 조류계산에 의한 페널티계수 산정법의 개발 및 성능비교)

  • Nam, H.K.;Moon, Y.H.;Choi, H.K.;NamKung, J.Y.
    • Proceedings of the KIEE Conference
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    • 1999.11b
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    • pp.206-209
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    • 1999
  • This paper presents an improved method of calculating the penalty factors for economic load dispatch based on B-coefficient and AC load flow and their performance comparison. The algorithm for calculating B-coefficients by Meyer is improved and its performance is compared with that of AC load flow. The B-coefficient method is superior to the load flow method in its simplicity and computation speed. However accuracy of the B-coefficient method is not satisfactory when it is applied to the ill-conditioned systems where generators produce excessive reactive power.

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Road Alignment Design Using GIS

  • Kang, In-Joon;Lee, Jun-Seok;Kim, Tae-Hun;Park, Hyun
    • Korean Journal of Geomatics
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    • v.1 no.1
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    • pp.15-20
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    • 2001
  • In this study, several basic data for road design and GIS data were used for selecting the optimized road alignment database system. The cut and fill volumes were compared with existing manual road design method through the analysis and data application in this database system. We solved and estimated objective, economic, environmental and technical problems caused in road construction comparing existing manual method with the road alignment which was selected in GIS automatically. Also, we performed three dimensional simulation with the existing road design program and simulation of virtual reality through Virtual GIS. This study showed the method in selecting the optimized road alignment through the analysis and comparison of the selected road alignment. The goal of this study is comparison and analysis of definite cut and fill volume and environmental problem after the road construction through analyzing and comparing the social, economic, technical and environmental aspect in the road alignments with various statistic data.

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A Study on The Utility Estimation about Employment of The Disabled (AHP를 이용한 장애인고용의 효용성평가 연구)

  • Park, Jae-Hyun
    • Proceedings of the Safety Management and Science Conference
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    • 2008.11a
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    • pp.405-419
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    • 2008
  • It is expected that the change of industrial structure of Knowledge based economy, and service based economy would affect on economic life of physically-challenged person with no exceptions. There have been some former studies which have been misunderstood the employment of disabled due to the declining employment of the disabled and prejudice to the disabled based on biased perspective and public opinion. This study have analyzed the employment conditions of the ordinary workers and disabled workers out of those prejudices and biased opinions. Wage, economic activity ratio, age, educational background and industry those 5 parameters are brought for analyzing the two comparison group. Each parameter have compared based on the statistical data of ordinary workers and disabled workers for past 7 years. Weight between each parameter have been drawn by collecting the experts' opinion using AHP(Analytic Hierarchy Process), and utility of employment of two comparison groups have been estimated through progress inclination of each parameter. Through the estimated outcome, present condition and controversial issues and way of improvement of domestic employment of ordinary workers and the disabled is mentioned.

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Economic development, Social Condition, and Social Welfare Development : An International Comparison of Social Welfare Development (경제수준, 사회수준, 그리고 사회복지수준 : 국제간 사회복지수준 비교)

  • Kim, Chul-Soo
    • Korean Journal of Social Welfare
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    • v.55
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    • pp.155-179
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    • 2003
  • This paper compares two indicators, economic development and social condition, to find a better way to measure the level of social welfare development. The results show that social condition is more adequate indicator than economic development. The social condition has high correlation with the development of social welfare in all the 78 countries as well as in five groups of countries when the economic development is controlled. The comparison of two indicators reveals important findings. Among other things, the higher the level of social condition compared with economic development, the larger the social welfare expenditure. This tendency is particularly strong among the western European countries and former socialist countries. This result implies that the macro-level policy of social redistribution is also important for the development of social welfare in addition to micro-level policy of income redistribution. As we expected, the results show that the level of Korean social welfare development is very low. Considering our levels of economic development and social condition, predicted social welfare expenditure from regression model is at least 17% of GDP, but we are spending only 30% of this predicted expenditure. Another serious problem in Korean social welfare is unbalanced expenditure between social insurance and public assistance. On the basis of these results, this paper suggests three implications for social policy to improve Korean social welfare: First of all, the gap between predicted and actual expenditures should be closed to improve the minimum level of social welfare. Secondly, the level of social condition itself should be improved to increase the public awareness of social welfare. Finally, the wide difference in expenditure between universal and selective social welfare programs should also be removed to decrease the relative deprivation of the poor.

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Position Value for Relative Comparison of Healthcare Status of Korea in 2020 (2020년 한국 보건의료의 상대적 위치와 추이: 경제협력개발기구 국가와 비교)

  • Yu Shin Park;Minah Park;Eun-Cheol Park
    • Health Policy and Management
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    • v.33 no.2
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    • pp.203-213
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    • 2023
  • This study examined the trend of healthcare status and compared the status of South Korea and other member of the Organization for Economic Cooperation and Development (OECD) using the OECD health statistics 2022. We used the OECD health statistics from 2022 and a position value for relative comparison (PARC) index to compare the five elements of the healthcare system. The study also used a Mann-Kendall test to analyze the trend of the PARC values from 2000 to the present year. The findings of the study indicate that many South Korea's PARC values were higher than the OECD median. But practicing physician in supply part and medical cost were lower than OECD median but the trend significantly increased. Medical accessibility part and quality of care part except primary care, and mental health had a high relative position but the trend did not increased significantly. After outbreak of coronavirus disease 2019, there were changes in medical accessibility. Health screening and vaccinations showed an overall decline in 2020 compared to 2019. These results suggest that policymakers need to take necessary steps for a sustainable healthcare system in the country.