• Korean Journal of Organic Agriculture
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• v.25 no.1
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• pp.23-35
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• 2017

The objective of this study is to analyze a price of environment-friendly and conventional rice with POS data. And we estimate the value of environment-friendly's certification with hedonic price model. In case of price level, organic and pesticide-free rice is higher than conventional rice, 22.5% and 10.6%, respectively. In contrast, price variation of conventional rice is higher environment-friendly rice. The value of organic and pesticide are 839.5 Won and 313.7 Won, respectively. As time goes by, the certification's value goes down in environment-friendly rice. In particular, price level and certification's value of pesticide-free rice is similar with conventional rice. The results of this study show that price of the environment-friendly rice is not higher than expected. Therefore it is necessary to establish a new marketing and promotion strategies for environment-friendly rice.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2019.11a
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• pp.118-119
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• 2019

In this study, we compared the proctor penetration resistance test value of the concrete using CGS for Fine Aggregate and the hardness value of the Durometer. The results are summarized as follows. 1) Surface finish The Durometer C type setting time measurement value was about 45 HD, and the hardness value of the Durometer D type was about 5HD. 2) The proctor penetration resistance test value and the hardness value of the Durometer are highly correlated and are expected to be easy to use.

• Journal of the Korean Society of Clothing and Textiles
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• v.29 no.7 s.144
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• pp.987-996
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• 2005

For cationization, if chitosan, which has the affinity for a human body and reacts easily without inducing any pollution, is used, cationization of Tencel blended fabrics can be expected and further expansion of its use as a new susceptible material can be expected. Therefore, in this study, in order to compare a Tencel/cotton and a Tencel/Cotton/PET as Tencel blended fabrics with a Tencel single fabric, the fabric samples were used and processed with chitosan after NaOH pretreatment and enzyme treatment thereof, and then its adherent efficiency was enhanced by using a crosslinking agent, and then it was got to be finished with a softener. The fibril of Tencel fabric was controlled by enzyme treatment so that the surface of the Tencel blended fabrics got to be smooth. Chitosan adhered to the surface of the Tencel blended fabrics in the form of particles through its processing with chitosan. Chitosan treatment caused little change in the crystal structure thereof and the thermal stability of the Tencel/Cotton/PET fabric was slightly improved. The total hand value(THV) calculated on the basis of the change due to chitosan treatment was increased in all samples.

• Agribusiness and Information Management
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• v.9 no.2
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• pp.22-26
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• 2017

This study aims to understand why public information systems in agricultural fields have shown lower performances than other industrialized fields and industries and how these problems would be fixed and overcame. To accomplish this research purpose, this study would overview the previous studies on developing agricultural information systems in public sectors and would find out meaningful and considerable factors. This study would accept the methodologies of literature review and systems thinking approaches to understand the relationships among the found factors and to suggest the conceptual research model. Agricultural information system should take care to reduce implement and maintenance costs to reduce the negative relationships between costs and expected service value and between expected service value to perceived service value. Also, it should be understood that impersonal response would reduce the eager to use the services, so the government sectors should consider positively to adopt the concept of CRM even though the government sectors traditionally have ignored its necessity. The failure of public information systems/services may be caused not only by lack of the contents but also by the failure of the persistent post management.

• Journal of Biosystems Engineering
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• v.26 no.2
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• pp.155-162
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• 2001

The greenhouse heating system with heat pump was built for development of simulation model and validation. The computer simulation model for the system to predict temperature of air and soil and moisture content of soil in the greenhouse were developed, and its validity was justified by actual data. From the analysis of experimentally measured data and the simulation output, following results were obtained. 1. The expected values of inside air temperature for the heating system with heat pump were very much close to the experimental values. 2. In the heating system with heat pump, the expected values of day time surface temperature of soil by computer simulation were very much similar to the measured values, but those of night time were higher than the measured value by at most 2.0$\^{C}$. 3. The simulation model predicted temperature of greenhouse film as of 1$\^{C}$ below than the mean value of ambient air and greenhouse air temperature. 4. Heat loss value of daytime was found to be larger than that of nigh as much as 1.3 to 2.3 times for the heating system with heat pump. 5. In the heating system with heat pump, when the lowest ambient temperature was -8$\^{C}$∼-7$\^{C}$ the air temperature of greenhouse was 5$\^{C}$∼6$\^{C}$, thus the heat pump heating system contributed in greenhouse heating by 13$\^{C}$.

• Environmental and Resource Economics Review
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• v.20 no.3
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• pp.459-487
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• 2011

A/R CDM project has properties such as irreversibility and uncertainty that Real Option Analysis can be applied to its modelling. This study tries to model A/R CDM using Real Option under CER price uncertainty, and conducts empirical test with the Posco A/R CDM Project case. For precise comparison and decision-making, l-CER's expected present value is calculated from the Spot CER price. As a result, the critical value of the project is lower than the expected l-CER price, which means that the decision to invest made by the project owner is profitable. We can also find out that the level and the range of the discount rate, where is applied to, affect the result; the critical value of the project and the decision-making.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.4
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• pp.21-30
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• 2022

To mitigate the environmental impacts of the energy sector, the government of South Korea has made a continuous effort to facilitate the development and commercialization of renewable energy. As a result, the efficiency of renewable energy plants is not a consideration in the potential site selection process. To contribute to the overall sustainability of this increasingly important sector, this study utilizes the Black-Scholes model to evaluate the economic value of potential sites for off-site wind farms, while analyzing the environmental mitigation of these potential sites in terms of carbon emission reduction. In order to incorporate the importance of flexibility and uncertainty factors in the evaluation process, this study has developed a site evaluation model focused on system dynamics and real option approaches that compares the expected revenue and expected cost during the life cycle of off-site wind farm sites. Using sensitivity analysis, this study further investigates two uncertainty factors (namely, investment cost and wind energy production) on the economic value and carbon emission reduction of potential wind farm locations.

• SUVANNABHUMI
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• v.15 no.1
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• pp.255-275
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• 2023

Trade between South Korea and Malaysia has been steadily increasing since the conclusion of the multilateral Free Trade Agreement (FTA) between the Association of Southeast Asian Nations (ASEAN) and South Korea. Bilateral FTAs such as Singapore-South Korea, Vietnam-South Korea, and Indonesia-South Korea came into effect to enhance the economic cooperation between South Korea and major ASEAN countries. However, the bilateral FTA between South Korea and Malaysia, known as Republic of Korea-Malaysia FTA, is still under negotiation. Therefore, this study aims to analyze the economic impact of a possible FTA between these two countries. To examine the economic effects of bilateral FTAs, this study analyzes the trade structure and change in the value of trade between Malaysia and South Korea using panel data analysis. Two significant findings were identified by the analysis. First, the Republic of Korea-Malaysia FTA is expected to promote trade and have a positive effect on the Gross Domestic Product (GDP) of South Korea. Second, the result of the calculated price elasticity based on substituting figures such as tariff, demand elasticity, and export value is that the value of manufacturing exports is expected to considerably get an increase. Therefore, an early FTA between South Korea and Malaysia would be beneficial for both national economies.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.3
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• pp.10-17
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• 2016

Control Chart is a graph which dots the characteristic values of a process. It is the tool of statistical technique to keep a process in controlled condition. It is also used for investigating the state of a process. Therefore many companies have used Control Chart as the tool of statistical process control (SPC). Products from a production process represent accidental dispersion values around a certain reference value. Fluctuations cause of quality dispersion is classified as a chance cause and a assignable cause. Chance cause refers unmanageable practical cause such as operator proficiency differences, differences in work environment, etc. Assignable cause refers manageable cause which is possible to take actions to remove such as operator inattention, error of production equipment, etc. Traditionally ${\bar{x}}-R$ control chart or ${\bar{x}}-s$ control chart is used to find and remove the error cause. Traditional control chart is to determine whether the measured data are in control or not, and lets us to take action. On the other hand, RNELCC (Reflected Normal Expected Loss Control Chart) is a control chart which, even in controlled state, indicates the information of economic loss if a product is in inconsistent state with process target value. However, contaminated process can cause control line sensitive and cause problems with the detection capabilities of chart. Many studies on robust estimation using trimmed parameters have been conducted. We suggest robust RNELCC which used the idea of trimmed parameters with RNEL control chart. And we demonstrate effectiveness of new control chart by comparing with ARL value among traditional control chart, RNELCC and robust RNELCC.

• Journal of the Korean Data and Information Science Society
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• v.27 no.4
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• pp.959-967
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• 2016

Distributional assumptions on equity returns play a key role in valuation theories for derivative securities. Elberlein and Keller (1995) investigated the distributional form of compound returns and found that some of standard assumptions can not be justified. Instead, Generalized Hyperbolic (GH) distribution fit the empirical returns with high accuracy. Hu and Kercheval (2007) also show that the normal distribution leads to VaR (Value at Risk) estimate that significantly underestimate the realized empirical values, while the GH distributions do not. We consider saddlepoint approximations to estimate the VaR and the ES (Expected Shortfall) which frequently encountered in finance and insurance as measures of risk management. We supposed GH distributions instead of normal ones, as underlying distribution of linear portfolios. Simulation results show the saddlepoint approximations are very accurate than normal ones.