• Journal of Korean Society of Transportation
• /
• v.8 no.2
• /
• pp.27-41
• /
• 1990

In this study the economic impacts of government support of shipping industry in the labor rich country are appraised in a general equilibrium model. Shipping industry subsidies (which are supposed to be supplied by lump-sum tax) will decrease disposable income by shifting productive resources from traded goods to the comparatively disadvantageous transport sector, and at the same time reduce the implicit tariff effect by lowering transport costs. The net effect of shipping industry subsidies is to increase social welfare because the latter positive effect of shipping industry subsidies is to increase social welfare because the latter positive effect dominates the former negative effect. Such an increase in social welfare can never be expected from competitive traded goods industry subsidies in the case of which social welfare will actually decrease because of inefficient resource allocation resulting from the subsidies. In addition it is worth noting that the subsidies on the most capital intensive shipping industry will rectify unevenness in income distribution by raising relative price of labor contrary to subsidies on capital intensive traded goods.

• Culinary science and hospitality research
• /
• v.3
• /
• pp.5-22
• /
• 1997

A foodservice manager always is concerned with which of the menus or potential menus, or which of the menu items is best for the operation. A menu may be profitable but not popular, or vice versa. How dose one compare one menu with another\ulcorner A technique to accomplish this is Menu Scoring, which was developed by Michael Hurst. It can be used to analyze possible menu changes by estimating sales of the new items and seeing what the new menu score will be. But menu scoring considers food costs, limited menu and relation only. After the menu score is calculated, management can determine more effectively why one score differs from another. Thus, this study is focused on the general equilibrium effect analysis. It will be attained from menu formation and menu type. I concluded that one can also change menu prices and see how menu popularity and profitability and the resulting menu score are affected through this study.

• East Asian Economic Review
• /
• v.20 no.1
• /
• pp.67-90
• /
• 2016

This paper provides an assessment of the potential economic impacts of the Vietnam-Korea free trade agreement on Vietnam, by using general equilibrium modeling. The results show that Vietnam-Korea FTA will increase aggregate welfare for both countries in the long run. The most important gains accrue from better allocation of resources consequent to trade liberalization. All the sectoral differences and changes are consistent with the trade profiles of the two countries, and the long-run results are more pronounced than those of the short-run. In comparison with other ASEAN countries, the CGE analysis suggests that Vietnam's agriculture exports to Korea would especially rise in the long run. However, there will be strong competition in this sector among ASEAN members. Thus, an earlier conclusion of a comprehensive FTA with Korea is expected to be a good strategy for Vietnam, so as to avoid the direct competition with ASEAN members in the future.

• Journal of the Korean Operations Research and Management Science Society
• /
• v.7 no.1
• /
• pp.31-43
• /
• 1982

A general equilibrium growth model is constructed to analyse the income distributional impacts of the 1973 world oil crisis upon the Korean economy. Our results show that all consumer groups experienced a virtually uniform percentage reduction in their income levels. This implies that a lower income groups may be more damaged in a relative sense. In any rate, there were no domestic groups who benefit from the international oil crisis. This model could be used to figure out which social group will be most vulnerable against the next possible oil crisis we may expect in the future. Our result nay provide us a guideline for a compensating program to protect such groups against an external shock.

• International Commerce and Information Review
• /
• v.9 no.1
• /
• pp.313-331
• /
• 2007

In a rapidly changing environment of international trade, the purpose of this study is to examine economic benefits and losses of each country involved in the negotiation on the Free Trade Agreement (FTA) in Northeast Asia and to prepare strategies for the negotiation in the FTA between Korea and China. Previous researches on FTA have been made mainly from the macroeconomic perspective. The approach in this study is a combination of regulatory, reviewing regulations, and economic making quantitative analysis of the economic effects of FTA, which are the basic background of FTA. In economic analysis, I estimated the macroscopic economic effects of FTA by examining the effects of FTA on the trade balance, GDP and production of focal countries through the Computable General Equilibrium(CGE) model using GTAP data set.

• Korean System Dynamics Review
• /
• v.10 no.1
• /
• pp.5-32
• /
• 2009

This paper revisited the key advances on System Dynamics modeling about traditional macro-economic models and economic growth structures, and then tries to elaborate a new model based on the endogenous growth theory that incorporates new growth factors, relevant to knowledge/technology as well as the Environment, into traditional growth models. Accordingly, the new model augments the acceleration and multiplier loops and the balancing ones representing market clearing mechanism with a simple numerical example. The authors thus provides macroeconomic System Dynamics analysts with a milestone to model macro-economic structures reflecting on traditional and cutting-edge theories on sustainable economic growth and general equilibrium modeling.

• Proceedings of the Computational Structural Engineering Institute Conference
• /
• 1999.10a
• /
• pp.325-332
• /
• 1999

As part of the conceptual disign of cable and membrane structures, the adequate shape is decisive with respect to load bearing behaviour and aesthetic expression of the structure. The force densities which are the force-length ratio are very useful parameters for the description of equilibrium state of any general cable-net structures. Because equilibrium states are obtained by solving linear equations the force desity method has a advantage compared with other solution strategies. But if there are futher restrainted conditions in force density the linear method will be extended to nonlinear one. The numeriacl methods are based upon least square and general inverse method for sieving nonlinear eqations. In this paper, the results from two methods is compared through several examples.

• Environmental and Resource Economics Review
• /
• v.5 no.1
• /
• pp.1-39
• /
• 1995

본 연구는 에너지정책을 종합적 차원에서 일반경제정책과 병행하여 정량적으로 분석할 수 있는 수리모형 (numerical multi-sector general equilibrium model)을 개발하기 위하여 시도되었다. 모형은 크게 (i) 가격/기술변화 반응적인 투입-산출계수를 내생화한 "산업간 거래모형 (inter-industry production model)", (ii) 민간에 의한 최종부문 수요를 나다내는 "소비자 선택모형 (consumer choices model)", 그리고 (iii) 생산물시장과 본원적 투입요소시장, 수출입시장 등에서 민간기업 정부 및 해외라는 개별 경제주체간의 행태를 반영하는 "거시경제 (성장) 모형 (macro-econometric growth model)"으로 구성되어 있다. 이러한 방법은 분석경제를 충분히 세분하고 제(諸)경제변수들의 동시결정적 과정을 중시한 일반균형적 /부문적 접근방법 (general equilibrium/sectoral approaches)을 취함으로써 지금까지 단순한 거시경제모형(aggregate macroeconomic models)이나 전통적 산업연관모형 (static input-output models)에만 의존해 오던 경제예측이나 경제 및 에너지관련 정책의 효과분석이 한층 더 강화될 수 있을 것으로 기대된다.

• 한국방재학회:학술대회논문집
• /
• 2008.02a
• /
• pp.557-560
• /
• 2008

In this paper, it discusses about the stability of rock slope of pyroclastic rock, which can easily meet at construction site. Basically carry out the investigation about the development of a surface of discontinuity, too. With that, it refers to the basic groups of sedimentary rock, treats of general details about investigation of rock slope and stability analysis, and discusses general characteristics and stability analysis case study about rock slope of pyroclastic rock. Achieved basic geological investigation on rock slope of pyroclasic rock, and examine the stability of slope by doing limit equilibrium and geometric stability analysis due to the result of investigation. It is considered to be able to accumulate many data about slope design of pyroclastic rock hereafter estimating degrees of rock mass properties of pyroclastic rock quantitatively.

• Transactions of the Korean Society of Mechanical Engineers
• /
• v.11 no.2
• /
• pp.287-295
• /
• 1987

The general equation of equilibrium is presented for a stiffened plate on which the stiffeners having rectangular cross-sections are attached by one or both sides with arbitrarily angles. The principle of minimum potential energy is applied using the concept of adjusted-centroid to derive the equilibrium equation for the stiffened plate. Equivalent rigidities in the present theory are in good agreement with the experiments by the vibration method.