• Journal of Korea Water Resources Association
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• v.52 no.spc2
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• pp.823-833
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• 2019

This study presents the impact of natural flow patterns on downstream fish habitat and economic outcomes in the Dal Stream, Korea. The study reach is 3.35 km long, located downstream form the Goesan Dam. To assess such impact, this study performed physical habitat simulations. The River2D model was used for the computation of the flow and the HSI model for the habitat simulation. Two physical habitat variables, flow depth and velocity, were used. The Zacco platypus, Zacco temminckii, Coreoleuciscus splendidus, and Opsariichthys bidens were selected as the target species in the study area. Using the building block approach (BBA), the scenarios for the hydropeaking mitigation were presented. Scenario 1 and scenario 2 were proposed by using the magnitude - duration concept and averaged the hydrologic data over the each month, respectively. Simulation results indicated that the scenarios effects significantly increased by about 18.6% for the weighted usable area (WUA). In addition, hydroelectric power benefits with both scenarios were investigated. It was revealed that the change of storing and releasing water decreased by about 27% for hydroelectric power benefits. In order to increase economic benefits, the scenario was modified with the discharges corresponding to the hydropeaking condition except the flood season. As a result, the hydroelectric power benefits were almost the same, however the aquatic habitat for the target species increased by about 5%. The change of dam re-operations through natural flow patterns provides an opportunity to minimize environmental and economic benefits in order to balance water management.

• Korean Management Science Review
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• v.21 no.3
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• pp.129-147
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• 2004

Scenario analysis for strategic planning, unlike most forecasting methods, provides a qualitative, contextual description of how the present will evolve into the future. It normally tries to identify a set of possible futures, each of whose occurrence is plausible but not assured. In this paper, we propose the use of Cross Impact Analysis(CIA) approach for scenario generation about the future of Korean IT environments. In this analysis, we classified IT environments into technical, social, legislative, and economic factor. And various variables and events were defined in each factor. From the survey collected from IT related experts, we acquire probability of occurrence and compatibility estimates of every possible pairs of events as input. Then 2 phase analysis is used in order to choice events with high probability of occurrence and generate scenario. Finally, after CIA using Monte Carlo simulation, a detail scenario for 2010 was developed. These scenario drawn from the CIA approach is a result considered by cross impacts of various events.

• 한국방재학회:학술대회논문집
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• 2009.02b
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• pp.13-24
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• 2009

This paper introduces various kinds of applications of the scenario-based seismic risk assessment in Taiwan. Seismic scenario simulation (SSS) is a GIS-based technique to assess distribution of ground shaking intensity, soil liquefaction probability, building damages and associated casualties, interruption of lifeline systems, economic losses, etc. given source parameters of an earthquake. The SSS may integrate with rapid earthquake information release system to obtain valuable information and to assist in decision-making processes to dispatch rescue and medical resources efficiently. The SSS may also integrate with probabilistic seismic hazard analysis to evaluate various kinds of risk estimates, such as average annual loss and probable maximum loss in one event, in a probabilistic sense and to help proposing feasible countermeasures.

• Journal of Korea Port Economic Association
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• v.25 no.4
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• pp.165-182
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• 2009

This study analyzed the economic analysis on the Cambodian inland waterway from Phnom Penh to Chong Kneas. The social discount rate of 3.5% was applied for the cost and benefit of projects and converted to the current values in 2009. The benefits were supposed as the triangle distribution with minimum, mode, and maximum value corresponding to pessimistic, moderate and optimistic prospect separately. And the distributions of costs were the normal. As the result of probabilistic simulations, the average of B/C for scenario A showed relatively the highest with 0.25 and its 90% confidence interval 0.16~0.35. The average B/C of scenario B is 0.10 with the 90% confidence interval 0.06~0.13 and the one of scenario C is 0.15 with 90% confidence interval 0.12~0.19. Therefore it was concluded as low economic feasibility to install inland waterway aids to navigation along the surveyed waterway. However, the performance of the project should be determined by its political analysis as well as the economic.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.53 no.2
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• pp.121-128
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• 2004

This paper presents a new approach for determining an accurate incentive levels of Direct Load Control (DLC) program using sequential Monte Carlo Simulation (MCS) techniques. The economic analysis of DLC resources needs to identify the hourly-by-hourly expected energy-not-served resulting from the random outage characteristics of generators as well as to reflect the availability and duration of DLC resources, which results the computational explosion. Therefore, the conventional methods are based on the scenario approaches to reduce the computation time as well as to avoid the complexity of economic studies. In this paper, we have developed a new technique based on the sequential MCS to evaluate the required expected load control amount in each hour and to decide the incentive level satisfying the economic constraints. In addition, the mathematical formulation for DLC programs' economic evaluations are developed. To show the efficiency and effectiveness of the suggested method, the numerical studies have been performed for the modified IEEE reliability test system.

• East Asian Economic Review
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• v.25 no.2
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• pp.205-230
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• 2021

This study examines the impact of the number of coronavirus cases on regime-switching in stock return volatility. This study documents the empirical evidence that the COVID-19 cases had an asymmetric effect on the regime of stock return volatility. When the stock return is in the low volatility regime, the probability of switching to the high volatility regime in the next trading day increases as the number of cumulative cases increases. In contrast, in the high volatility regime, the effect of cumulative cases on the transition probability is not statistically significant. This study also documents the evidence that the government measures against the pandemic contribute to promoting the high volatility regime of the KOSPI during the pandemic. Besides, this study projects future stock prices through the Monte Carlo simulation based on the estimated parameters and the predicted number of the COVID-19 new cases. Under a scenario where the number of new cases rapidly increases, stock price indices in Korea are expected to be in a downward trend over the next three months. On the other hand, under the moderate scenario and the best scenario, the stock indices are likely to continue to rise.

• Journal of the Economic Geographical Society of Korea
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• v.16 no.2
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• pp.262-274
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• 2013

Heavy rain and heavy snow as representative extreme weather are recently an issue in urban area. The paper aims at modeling the scenarios of evacuation that minimizes economic loss of the designated urban area with improving travel efficiency by providing road closure information facing an extremely heavy rainfall. The paper develops a model by using a NetLogo toolkit applied to the study area of Seocho-dong, Seocho-gu, Seoul. The model conducts a simulation of travel time under different scenarios of information provision. The simulation results show that it is efficient to provide the information of road closure to 20~40% of the drivers under the scenario of humid road or rainfall less than 20mm, whereas to 40~60% of the drivers under the scenario of heavy rainfall more than 20mm.

• Journal of Korea Technology Innovation Society
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• v.14 no.spc
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• pp.1096-1127
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• 2011

This research focus on estimating the economic effects of TOD system development from the perspective of new market creation, R&D planning cost reduction and increase of R&D projects' commercialization success rates. The research is conducted through simulation and scenario analysis with assumptions about economic effect parameters. Scenario analysis shows that scenario 1 (the application ratio of the new TOD system to total Korean R&D programs' planning is 1.4%) results in total economic effects, 921.3 billion won in 2011 price with B/C ratio 6.15, that scenario 2 (the application ratio is 1.9%) results in total economic effects, 1,250.3 billion won in 2011 price with B/C ratio 8.34, and that scenario 3 (the application ratio is 0.9%) results in total economic effects, 592.2 billion won in 2011 price with B/C ratio 3.95. The research contributed to the prior evaluation of economic validity of "R&D on Technology Opportunity Development (TOD) system" and to cultivating the new methodology of economic benefit estimation in the area of R&D on system development.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.10
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• pp.39-45
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• 2016

This study analyses the macroeconomic effects of the direct payment system (DPS) for environment-friendly agriculture in Korea. We utilized the applied general equilibrium model (AGE model) for the general agricultural sector as well as the environmentally-friendly agricultural sector. We considered several scenarios based on various direct payment amounts to measure and analyze economic impacts. Scenario 1 considers the current direct payment system. Scenario 2 examines an additional 5% increase from the direct payment amount in scenario 1. Scenario 3 reviews an increase of 10% in direct payment amount while Scenario 4 considers an additional increase of 15% compared with Scenario 1. Lastly, scenario 5 examines a 20% increase in direct payment amounts compared with scenario 1. In addition, the baseline considers conditions prior to the introduction of the direct payment system. The simulation analysis results show that capital formation, production volume, and labor productivity increased in the environment-friendly agricultural sector. In contrast, employment in the environment-friendly agricultural sector decreased. The price of environment-friendly agricultural products following the introduction of the DPS remain consistent with the price of environment-friendly agricultural product before introducing the DPS. This results from price elasticity of supply and demand are inelastic, and there is no change in the income of consumers during the analysis period. However, additional research is necessary for improvement of the model using complementary statistical data for the environmental-friendly agriculture sector.

• Journal of The Korean Society of Agricultural Engineers
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• v.65 no.1
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• pp.41-49
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• 2023

To utilize the hydraulic and hydrological models when simulating floods in agricultural watersheds, it is necessary to consider agricultural reservoirs, farmland, and farmland drainage system, which are characteristics of agricultural watersheds. However, most of them are developed individually by different researchers, also, each model has a different simulation scope, so it is hard to use them integrally. As a result, there is a need to link each hydraulic and hydrological model. Therefore, this study established an integrated flood simulation system for the comprehensive flood simulation of agricultural reservoir watersheds. The system can be applied easily to various watersheds because historical weather data and the SSP (Shared Socio-economic Pathways) climate change scenario database of ninety weather stations were built-in. Individual hydraulic and hydrological models were coded and coupled through Python. The system consists of multiplicative random cascade model, Clark unit hydrograph model, frequency analysis model, HEC-5 (Hydrologic Engineering Center-5), HEC-RAS (Hydrologic Engineering Center-River Analysis System), and farmland drainage simulation model. In the case of external models with limitations in conceptualization, such as HEC-5 and HEC-RAS, the python interpreter approaches the operating system and gives commands to run the models. All models except two are built based on the logical concept.