• Journal of Korean Society for Atmospheric Environment
• /
• v.30 no.3
• /
• pp.270-280
• /
• 2014

The objective of this research is to quantitatively valuate the economic value of analysis model related to climate change mitigation and adaptation. Due to the fact that the subject of this research, which is the Korean climate change mitigation and adaptation model, has not been actualized, a conjoint analysis applying stated preference data has utilized. As results, among the many attributes considered in this research, the value of the attribute related to reflecting Korea's current situation is analyzed to be largest in both greenhouse gas (GHG) mitigation model and climate change adaptation model. Additionally, if all the considered functional aspects are assumed to be feasible, the economic value of the Korean GHG mitigation model is assumed to be 60.3 billion Korean won(KRW) and the Korean climate change adaptation model is assumed to be 51 billion KRW.

• Proceedings of the KIEE Conference
• /
• 2005.07a
• /
• pp.769-771
• /
• 2005

Interconnection of electric power systems, as an alternative for energy cooperation under regional economic bloc, has been under extensive debate before progressing the restructure in electric power industry and rapidly expanded in many regions after 1990s. Especially, since northeast asia has strong supplementation in resource, load shape, fuel mix etc., electric power system interconnection in this region may bring considerable economic benefits. In this paper, we evaluate economic benefits from CO2 emission abatement and effectiveness on the fuel mix in Korea by the interconnection in northeast asia. For this analysis, we evaluate effects of CO2 emission abatement under various system interconnection scenarios and compare the results of fuel mix in Korean electric power system with and without transacted electricity via interstate electric power system in northeast asia.

• The Journal of Fisheries Business Administration
• /
• v.36 no.2 s.68
• /
• pp.121-134
• /
• 2005

In order to evaluate the effectiveness of management measures and to provide policy suggestions for the allocation of total allowable catch between recreational and commercial sectors, the economic value of red grouper recreational fishery in the United States Gulf of Mexico was estimated using a Travel Cost Method(TCM), Due to the characteristic of count data, a Poisson model(PM) and a Negative binomial model(NBM) were used in the TCM. Results of models showed that the NBM was statistically more suitable than the PM since the overdispersion problem occurred in the PM. Results also indicated all signs of the estimated parameters were as expected and were significant, except for a Boat parameter in both models. Based on the results of NBM, the total economic value of the recreational red grouper fishery was estimated to be $\$698.6$ and the value per trip was $\$179.5$. In addition, the total changes in expected consumer surplus due to changes in catch rates was $ \$42.3$.

• The Transactions of the Korean Institute of Electrical Engineers A
• /
• v.49 no.5
• /
• pp.199-204
• /
• 2000

This paper presents new approaches for the calculation for the calculation of each user's wheeling prices based on the economic analysis method with focus on the postage stamp rule. The suggested postage stamp rules can overcome the following problems embedded in the conventional accounting-costs-based methods such as the volatileness of wheeling prices depending deprieciation methods, emerging the wheeling free-riders due to the difference between accounting life-time and technical life-time, price discrimination between firm and non-firm network users, etc. To solve these problems we suggest new postage stamp rules employing capital recovery factor for investment costs treatment and applying technical life-time. Furthermore, we have suggested a new formulation for non-firm wheeling users based on the wheeling energies. In the case study, the results of suggested postage stamp methodologies are compared with those of conventional approaches.

• Journal of Ocean Engineering and Technology
• /
• v.16 no.6
• /
• pp.76-81
• /
• 2002

The purpose of this study is to set up the optimum economical formation of the purse seiner fishing system. For this task, the characteristics of existing purse-seiner fishing system were reviewed, and the possible formations of the fleet in tile purse-seiner fishing system were examined through the reallocation of function for each individual vessel. In addition, economic evaluations of the possible formations of the fleet are carried out. Consequently, it was found that 2-vessel formations have the most economic efficiency. Then, a conceptual system design for the main vessel in the 2-vessel formations was performed. As a result, this paper can be used as a helpful guideline to develop the most profitable and economical fishing system in the fleet type fishery.

• Proceedings of the KSR Conference
• /
• 2010.06a
• /
• pp.437-441
• /
• 2010

The SOC project such as road and railway performs a preliminary feasibility study according to the priority of the individual projects after establishing the master plans. For a preliminary feasibility study, feasibility evaluation should be performed according to the transport demand estimation and economic analysis. The feasibility of individual project will be performed by focussing on the results of analyzing economic feasibility. In case that analysis of the traffic demand and the economic feasibility every phase is performed, a lot of time and expense will be required in the course of promoting projects. So this study could give help to determine the priority of the project by intuitive method only in the phase to establish the master plan and a preliminary feasibility study.

• Journal of Korean Society for Quality Management
• /
• v.24 no.3
• /
• pp.65-76
• /
• 1996

This paper is concerned with designing $\bar{X}$-control charts when an estimate error may be Inevitable. Estimate error offen can not be avoided in estimating or measuring the parameter values of the cost model for the control charts. The bounded interval is a common practice to compensate for inherent estimating error. We introduce the 'propagation of error technique to deal with the economic design of the $\bar{X}$-control charts with imprecise information on the cost model parameters. A numerical example is presented to show· its ability in the economic design of $\bar{X}$-control charts.

• Korean Journal of Child Studies
• /
• v.26 no.1
• /
• pp.183-202
• /
• 2005

This study performed intensive indicators based on a model of economics of education. Trends of childcare in Korea were obtained by producing values developed with statistical data. Results showed that such simple initial indicator values as numbers of children, institutions and teachers have improved. However, intensive indicator values that take demographic and economic conditions into consideration have not reached the same rate of progress as the initial indicator values. In other words, qualitative growth remains at an unsatisfactory level in comparison to quantitative growth and to qualitative growth in members of the Organization for Economics Cooperation and Development (OECD).Thus, financial investment by the government should be expanded in order to reach the desired level of high quality in daycare for children.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.22 no.50
• /
• pp.313-322
• /
• 1999

EVA(Economic Value Added) is a management performance evaluation tool that determines whether a business is earning more than its true cost of capital. Leading corporations like Coca-Cola, AT&T and Briggs&Stratton have set up EVA measurement systems throughout their organizations. EVA reflects opportunity cost of equity ignored in calculating accounting profit and emphasizes the efficiency of capital employed by measuring how much the manufacturing and selling activities produce the economic profit in excess of cost of gross capital. In this paper, we define the concept of EVA and present an example to show the usefulness of EVA.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
• /
• v.24 no.4
• /
• pp.289-296
• /
• 2012

The aim of this study is to investigate the performance of a heating and cooling system with aquifer thermal energy storage(ATES heat pump system) known as one of the underground thermal energy storage application systems. The ATES system was composed of heat pump unit and ATES, which was installed in a factory building located in Anseoung. The system represented very high heating and cooling performance, and showed nearly constant COP at each heating and cooling season due to the stability of EWT. The economic analysis about an ATES system and a conventional system was also executed. The conventional system adopted an air-conditioner in the summer season and a LNG boiler in the winter season. The payback period of the ATES system was estimated by 6.62 years.