• Title/Summary/Keyword: Expected Value

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Economic Feasibility Analysis of 'Hye-Ahn', a Government-Wide Big Data Platform (범정부 빅데이터 플랫폼인 '혜안'의 경제적 타당성 분석)

  • Myong-Hee Kim;Heung-Kyu Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.47 no.2
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    • pp.57-64
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    • 2024
  • The use of big data needs to be emphasized in policy formulation by public officials in order to improve the transparency of government policies and increase efficiency and reliability of government policies. 'Hye-Ahn', a government-wide big data platform was built with this goal, and the subscribers of 'Hye-Ahn' has grown significantly from 2,000 at the end of 2016 to 100,000 at August 2018. Additionally, the central and local governments are expanding their big data related budgets. In this study, we derived the costs and benefits of 'Hye-Ahn' and used them to conduct an economic feasibility analysis. As a result, even if only some quantitative benefits are considered without qualitative benefits, the net present value, the benefit/cost, and internal rate of return turned out to be 22,662 million won, 2.3213, and 41.8%, respectively. Since this is larger than the respective comparison criteria of 0 won, 1.0, and 5.0%, it can be seen that 'Hye-Ahn' has had economic feasibility. As noticed earlier, the number of analysis using 'Hye-Ahn' is increasing, so it is expected that the benefits will increase as time passes. Finally, the socioeconomic value gained when the results of analysis using 'Hye-Ahn' are used in policy is expected to be significant.

Vegetation community composition and changes of Jinaksan (Mt.) in Korea

  • Seungah Yang;Mira Lee;Badamtsetseg Bazarragchaa;Hyoun Sook Kim;Sang Myong Lee;Joongku Lee
    • Korean Journal of Agricultural Science
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    • v.50 no.2
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    • pp.207-222
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    • 2023
  • This study investigated 62 nested quadrat plots of Jinaksan to identify community classification and changes of the vegetation by using the phytosocial method and analyzed importance values. Vegetation types were classified into 8 communities: Quercus mongolica community, Q. variableis community, Q. aliena community, Pinus densiflora, Q. acutissima, Zelkova serrata, Carpinis laxiflora, and C. tschonoskii. The significance value was highest in Q. mongolica (62.75) followed by P. densiflora (55.16), Q. variabilis community (25.03), Z. serrata (22.17), Q. aliena (18.30), Prunus serrulata var. pubescens (16.86), C. laxiflora (13.25), Q. acutissima (10.72), C. tschonoskii (10.08), Q. serrata (8.02), Fraxinus sieboldiana (6.93), Acer pseudosieboldianum (6.73), and Styrax obassis (5.73). Quercus mongolica displayed a stable distribution pattern, presenting a reverse J-shaped curve from the diameter at breast height (DBH) analysis, and it was judged that current state would be maintained for a certain period. In addition, P. densiflora is expected to dominate for the time being and Quercus species are expected to gradually decrease.

The Influence of Expected Values for Appearance Management on Interest in Make-up and Cosmetics Evaluation Criteria (외모관리 기대가치가 화장관심도와 화장품 선택기준에 미치는 영향)

  • Park, Eunhee;Cho, Hyonju
    • Journal of Fashion Business
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    • v.18 no.1
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    • pp.22-36
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    • 2014
  • The purpose of this study is to examine the influence of expected values for appearance management on interest in make-up and cosmetics evaluation criteria. Questionnaires are being administered to 244 college students from the Deagu Metropolitan City and Kyungbook province. The frequency, factor analysis, reliability analysis, regression analysis, and t-test are used for data analysis. Expected values of appearance management are categorized into pleasure/satisfaction, other-expectancy, power value and conformity. Interest in make-up factors are found to be leadership in make-up, others-oriented, and appearance satisfactions. Cosmetics evaluation criteria are categorized into 4 factors such as skin suitability, pursuit of utility, non-essential attributes and symbolism. Pleasure/satisfaction, and conformity are the sub-variables of expected values for appearance management and have significant effects on leadership in make-up and others-oriented sub-variables for interest in make-up. Pleasure/satisfaction, and conformity, being the sub-variables of expected values for appearance management, have significant effects on skin suitability, the sub-variables of cosmetics evaluation criteria. And conformity has significant effects on symbolism, the sub-variables of cosmetics evaluation criteria. This indicates that women show high conformity for expected values of appearance management, leadership in make-up and others-oriented sub-variables for interest in make-up, and skin suitability of cosmetics evaluation criteria.

A Study on the Changes of Return Period Considering Nonstationarity of Rainfall Data (강우자료의 비정상성을 고려한 재현기간 변화에 관한 연구)

  • Shin, Hongjoon;Ahn, Hyunjun;Heo, Jun-Haeng
    • Journal of Korea Water Resources Association
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    • v.47 no.5
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    • pp.447-457
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    • 2014
  • This research focuses on the changes of return period for nonstationary rainfall data in which exceedance or nonexceedance probability varies depending on time. We examined two definitions of return period under nonstationarity and also performed nonstationary frequency analysis using the nonstationary Gumbel model to investigate variations of return period in Korea. Seogwipo, Inje, Jecheon, Gumi, Mungyeong, and Geochang were selected as subject sites of application. These sites have a trend in rainfall data as well as having more than 30 years data. As the results of application, the return periods considering nonstationarity are different with those considering stationarity. The differences of return periods between nonstationarity and stationarity increase as growing return period increases. In addition, the return period using the expected waiting time method shows lower value than that using the expected number of event method.

Analysis of the Value Relevance on International Financial Reporting Standards Fair Value in China (중국의 국제기업회계기준 공정가치의 가치 관련성 분석)

  • Kim, Dong-Il
    • Journal of Digital Convergence
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    • v.12 no.9
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    • pp.75-81
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    • 2014
  • This study is analyzed using the Shanghai stock market and Shenzhen stock market data in order to analyze the usefulness of accounting information to appear from the introduction of international accounting standards in China. Summarized the relevant previous researches for objective study approach, studied the hypothesis based on the empirical analysis and set a hypothesis as adjusting the stuffs to fix in this research model. In this study, Analyzed the hypothesis to input of detailed variables for analyzing the value relevance between periods before fair value and after fair value. Also, in this hypothesis study, analyzed and estimated to affect the quality of information the acceptant period when compare with acceptant periods and before periods of fair value. These results suggested that impact the net asset value per share and earnings per share of the company because the value of the relationship had statistically significant at the level of relevance. Therefore, in the future studies about fair value assessment, will be expected that usefulness of the enterprise value evaluation method enable to discuss it such as critical sucess factors.

Economic Value of Marine Forests in Korea (우리나라 바다숲의 경제적 가치)

  • Kang, Seok-Kyu
    • The Journal of Fisheries Business Administration
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    • v.49 no.1
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    • pp.17-35
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    • 2018
  • This study is to evaluate economic value of the ecosystem service benefits of the marine forests provided to our society on the basis of the global standard valuation manual. The main results of this study are summarized as follows: First, the ecosystem service benefits of marine forests are worth 771,121,551 won per hectare for a year in Korea. Second, when evaluating value based on the services benefits of the marine forests, as resource provisioning service, the annual value of the fishery potential production amounts to 58,512,271 won per hectare. The annual value of the environmental and regulatory services is estimated to total 29,574,000 won per hectare including 546,488 won per hectare for climate regulation, 85,342 won per hectare for pollution purification, and 28,942,170 won per hectare for erosion protection. The annual value of the culture and tourinsm services is estimated to total 15,317,647 won per hectare including 5,011,765 won per hectare for skin scuba service and 10,305,882 won per hectare for sea fishing. Also, the aunnual non-use value is estimate to 637,800,000 won per hectare. Third, assuming that the value of the sea forests increases proportionally to the unit area, the marine forests can be valued at 12.7 trillion won per year based on 12,208.2 hectares of marine forests creation area and 4,272.6 hectares of natural seaweed beds. Fourth, the total economic value of the marine forests can be estimated at 244 trillion won in 2016, if the value of the marine forests permanently continues in the future by applying 5.5% of the social discount rate. The results of this study are expected to serve as a valuable information for improving awareness of the value of marine forests ecosystem and ensuring the validity of the marine forests creation policy by converting the value of the marine forests's ecosystem service into monetary units.

A Study on the Value Added Criterion of Rules of Origin under FTAs with the US and EU: Focusing on Automotive Sector

  • Chung, Jae-Wan;Han, Ki-Moon
    • Journal of Korea Trade
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    • v.23 no.6
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    • pp.1-13
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    • 2019
  • Purpose - This study deals with a strategic plan for meeting the value added criteria effectively, which is one of the methods of determining origin used in preferential trade such as FTA. Automobile products, one of the major Korean export items, were selected to give a practical use against the FTA requirements. Design/methodology - This study is based on the value-added criteria of the Korea-US and Korea-EU FTAs that apply various value-added criteria. The Korea-US FTA adopts the RVC method based on the integration, deduction and net cost methods, while the MC method is employed in the Korea-EU FTA. The methodology used in this work is an extended literature review, analysis of the value-added criteria applied to automobile products under Korea-US and Korea-EU FTA with some secondary statistics. Findings - Based on in - depth analysis of the value - added criteria requirements for automobile products stipulated in the Korea - US FTA and the Korea - EU FTA, two strategic considerations are suggested. First is 'appropriate value-added strategy' and the second is 'strategy of changing production and trade structure'. The second strategy is a bit used in Korea but this is not considered best if the first strategy is ignored or forgotten. The second one is meaningful when this becomes inevitable. Research limitations/implications - This study is primarily designed to assist Korean auto mobile industry players exporting to EU and USA but this may help to auto part or material producers in FTA counter party territories being EU or USA as the preferential tariffs are applied on a inter region basis. A further research other than auto mobiles using other major FTAs might be followed later. Originality/value - There has been so far little research on strategic factors to meet the value-added origin requirements. This study, therefore, is expected to contribute facilitating the decision of FTA origin and to improve the utilization of FTA by allowing exporting companies using value added criterion to more smoothly meet origin requirements. This will also enable the tax authorities to utilize the value-added criterion to validate effectively the origin of imports where preferential tariffs are applied.

Development of a Shortest Path Searching Algorithm Using Minimum Expected Weights (최소 기대 부하량을 이용한 최단경로 탐색 알고리즘 개발)

  • Ryu, Yeong-Geun
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.12 no.5
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    • pp.36-45
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    • 2013
  • This paper developed a new shortest path searching algorithm based on Dijkstra's algorithm and $A^*$ algorithm, so it guarantees to find a shortest path in efficient manner. In this developed algorithm, minimum expected weights implies the value that straight line distance from a visiting node to the target node multiplied by minimum link unit, and this value can be the lowest weights between the two nodes. In behalf of the minimum expected weights, at each traversal step, developed algorithm in this paper is able to decide visiting a new node or retreating to the previously visited node, and results are guaranteed. Newly developed algorithm was tested in a real traffic network and found that the searching time of the algorithm was not as fast as other $A^*$ algorithms, however, it perfectly found a minimum path in any case. Therefore, this developed algorithm will be effective for the domain of searching in a large network such as RGV which operates in wide area.

Shot Boundary Detection Algorithm using Multi-Pass Mechanism (Multi-Pass 구조를 가지는 Shot 경계 검출기법)

  • Seong Changwoo;Kang Dae-Seong
    • Journal of the Institute of Convergence Signal Processing
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    • v.1 no.1
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    • pp.58-63
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    • 2000
  • This paper describes an efficient algorithm for shot boundary detection in MPEG video stream. There are two types of shot boundary: abrupt and gradual. The proposed algorithm for detecting the abrupt shot boundaries used DCT DC value in compressed domain. The proposed algorithm of the gradual change detection consists of two-pass mechanism. In the first pass, the expected positions of shot boundaries are extracted using ratio value of motion vectors. After decoding frames that are extracted in the first pass, we will make the dissolving image using (n)th and (n+2)th image of expected position. The gradual shot boundaries are selected by similarity of the dissolving image and the image of (n+1)th expected position. As applying the algorithm for detecting shot boundaries, the gradual changes as well as the abrupt changes are detected efficiently. Experimental results indicate that the proposed method is computationally fast for detecting shot boundaries and robust to the variation of the video characteristic that is different for the kind of videos.

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A Study on Blockchain Technology Adoption and Intention of Logistics Firms in Korea

  • Kim, Seong Ho
    • Journal of the Korea Society of Computer and Information
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    • v.25 no.2
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    • pp.231-239
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    • 2020
  • Cryptocurrency, represented by Bitcoin, initially received little public attention, but recently raised global cryptocurrency investments with recognition of future value. The academic interest in cryptocurrency lies elsewhere. This is because the future value of cryptocurrency is likely to be highly applicable to the technology underlying cryptocurrency. The technology is the blockchain. The purpose of this study is to find out what factors influence logistics companies to adopt blockchain technology. Based on the TOE frame, this study presented expected profit, organizational readiness, technology compatibility, and competitive pressure as factors of adoption of blockchain technology. And the effects of these factors on the adoption intention of logistics companies were analyzed empirically. A survey was conducted on Korean logistics companies. Analysis of the collected data showed that expected profit, organizational readiness, technology compatibility, and competitive pressures influence the intention to adopt blockchain technology. Among them, however, expected profit and organizational readiness were found to have the greatest influence on adoption intention.