• Title/Summary/Keyword: Logit model

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Measuring Preferences of University Students for Family Restaurants in the Eastern Part of Chonnam (전남 동부권 패밀리레스토랑에 대한 대학생들의 선호도 평가)

  • 강종헌
    • Korean journal of food and cookery science
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    • v.19 no.5
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    • pp.581-590
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    • 2003
  • The purpose of this study was to identify the combinations of factors combinations conferring the highest utility of family restaurants to university students, and establish the relative importance of these factors in terms of their contribution to total utility. 196 of 200 questionnaires were utilized for the analysis. (Eds note: to whom were the questionnaires administered) Frequencies, crosstabs, and the conjoint, max. utility, BTL and Logit models, K-means cluster and one-way ANOVA analysesis, and the Friedman test were the statistical methods used for this study. The findings from this study were as follows: 1) the Pearson's R and Kendall's tau statistics (Eds note: these were not mentioned earlier) show that the model (Eds note: which model is this) fits the data well. 2) it was found that of all the respondents, especially the first and third clusters, regarded both the type of food and the price as very important factors. 3) it was found that all the respondents, especially the third cluster, most preferred a family restaurant (design and simulation) that provided less than 6 fusion and traditional foods. The first cluster most preferred family restaurant (design) that provided over 10 traditional and less than 6 ethnic foods. The second cluster most preferred a family restaurant (design and simulation) that provided over 10 traditional foods. 4) the results of the study have provided some insights into the effective types of family restaurant designs that can be successfully developed by those who manage menu variety, quality and type of food, price, and quality of service to university students dining at family restaurants.

An Analysis on the Effect of Having a Usual Source of Care for the Elderly: Focusing on the Healthcare Expenditure and the Subjective Health Status (노년기 상용치료원 보유의 효과 분석: 의료비와 주관적 건강상태에 대한 효과를 중심으로)

  • Jeon, Yeji;Sakong, Jin
    • Health Policy and Management
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    • v.31 no.4
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    • pp.531-543
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    • 2021
  • Background: Population aging is a serious problem in Korea. And we have experienced a rapid increase in the health expenditures of the elderly. The purpose of this paper is to analyze the effect of having a usual source of care (USC) for the elderly. Methods: This study used the Korea Health Panel Survey data of 2012, 2013, 2016, 2017, and 2018. The sample was the person who answered the USC questions among the elderly. The panel logit model was used to analyze the determinants of having USC and the panel simultaneous equation model was used to analyze the effect of having USC among the elderly on the medical expenses, medical utilization, and subjective health status. Results: The estimation result shows that age, income, marriage, and so forth turn out to be the factors of having USC. Having the clinic level USC is estimated to reduce the health care utilization and the health expenditure and to improve the subjective health status. Conclusion: It is expected that the result of our analysis will provide evidence for encouraging having USC.

The Differentiating Effects of Job Seekers' Spec on Actual Employment: Focusing on Screening Hypothesis and Dual Labor Market Theory (구직자의 취업스펙이 실제취업에 미치는 영향에 대한 탐색적 연구: 선별이론 및 이중노동시장이론을 중심으로)

  • Jisung Park;Chiho Ok
    • Asia-Pacific Journal of Business
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    • v.13 no.4
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    • pp.11-24
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    • 2022
  • Purpose - The purpose of this study was to examine how job seekers' spec influence their actual employment especially focusing on the differentiating effects of applicants' specs depending on whether general or decent job employment. Design/methodology/approach - This study conducted analyses on 54,443 samples that incorporated data from the Graduates Occupational Mobility Survey for three years (2017-2019) collected by the Korea Employment Information Service. The linear probability model and logit model were used to examine the research questions. Findings - The results analyzed with the hierarchical regression model showed that most job seekers' specs were statistically significant in predicting employment status. Interestingly, there is a difference between the factors predicting employment for a general job and a decent job. This study suggests academic and practical implications for future research in the selection/ recruitment field by clarifying the critical factors to influence applicants' employment. Research implications or Originality The results of this study follow the screening hypothesis which explains that the applicants' specs have significant impacts on actual employment. Also, the dual labor market theory, which explains that applicants' specs differently affect actual employment between general and decent jobs, was reaffirmed.

Application of Random Regret Minimization Model in the Context of Intercity Travel Mode Choice (지역간 수단선택에 있어서 확률적 후회 최소화 모형의 적용 연구)

  • Jin, Woo-Jeong;Lee, Jang-Ho
    • Journal of the Korean Society for Railway
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    • v.19 no.1
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    • pp.87-96
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    • 2016
  • The multinomial logit model, based on random utility maximization (RUM) theory, has been the predominant model used in travel mode choice contexts. In this paper, the travel mode choice model based on random regret minimization (RRM) theory is proposed as an alternative to the RUM model, and the applicability of the RRM model is examined. The presented model is applied to the case of inter-city travel mode choice in Korea. The empirical results show that the RUM model and RRM model have parameters that are consistent with the intuition. The goodness of fit statistics in the RRM model improved compared with the results of the RUM model. Consequently, these results show the possibility of using the RRM model in the context of travel mode choice.

The Influence of Traffic Islands on Pedestrian Safety (교통섬 설치가 보행자 교통사고에 미치는 영향 연구)

  • Lee, Su-Beom;Kim, Myeong-Suk;Jang, Il-Jun;Kim, Jang-Uk
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.107-115
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    • 2009
  • Traffic islands were introduced for drivers and pedestrians to use the road in a safe and orderly way and were also a specified zone between traffic lanes to divide conflicting traffic flows and to provide pedestrian refuge. However, existing research and relevant standards described its purpose and effects only but not a safety standard to decide whether the traffic island warranted. This study was to introduce a parameter which had a high relationship with accidents by analyzing road and traffic conditions and traffic accident data at urban intersections. Based on the relationship between the parameter and the traffic accidents at the intersection, a pedestrian accident probability model was made by using a logit model. In addition, the study reviewed a pedestrian accident probability corresponding to traffic volume and size of the intersection during design of the intersection and then suggested the effectiveness of the traffic island in terms of traffic safety. In conclusion, when a large-scale intersection has significant traffic volumes, a high probability of traffic island-induced pedestrian accidents appears, while in the case of small volumes, the probability is low. Targeted design and operations of a traffic islands is necessary, because its introduction itself does not enhance pedestrian safety in all cases at all intersections. This study can be a useful reference for further development to set up a scheme of the traffic islands in terms of traffic safety.

Analyzing Factors to Affect Trip Mode Chaining Behavior Using Travel Diary Survey Data in Seoul (가구통행실태조사 자료를 활용한 서울시 연계수단 통행행태의 영향요인 분석 연구)

  • Kim, Su jae;Choo, Sang ho;Kim, Ji yoon;Han, Jae yoon
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.17 no.1
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    • pp.55-70
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    • 2018
  • Recently, as shared transportation services has expanded, integrated mobility services that link personal transportation and public transportation are paid attention. To do this, it is necessary to analyze trip mode chaining behavior. This study analyzed the characteristics of the trip mode chaining behavior using the 2010 travel diary survey in Seoul, and analyzed factors to affect mode choice of trip chaining through the multinomial logit model. The transportation means were classified into passenger cars, city buses, intercity buses, railways, taxis, and others, and 25 trip mode chaining types were identified. Among them, the trip share connected between city bus and railways was the highest. It was also found that the trip mode chaining occurred mainly at commuting and in the morning and afternoon peak. According to the model results, the mode choice of trip chaining is significantly influenced by individual attributes (sex and age), household attributes (car ownership and income), trip attributes (trip purpose, trip time and trip length), and arrival area attributes (number of subway lines and bus lines, ratio of commercial area, land use mix and central region).

A Study on the Choice Factors and Possibility of Traditional Market - Compared to Other Competing Markets Based on Consumer Behavior Analyses - (소비행태분석을 통한 전통시장과 경쟁시장 간 선택요인 및 이용확률 비교분석)

  • Kim, Hyun-Joong;Cho, Kyu-Young;Lee, Seong-Woo
    • Journal of Distribution Research
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    • v.15 no.5
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    • pp.81-102
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    • 2010
  • The present study analyzes the choice factors and possibility of traditional and other competing markets through consumer behavior analyses in order to suggest factors that can help reactivate traditional markets. Hence, Multinomial Logit Model is used as it is an optimum model to understand discrete selection. The results suggested some tendencies regarding traditional market. For example, traditional market is more activated when the market is large and has more parking spaces, and when the level of consumer satisfaction is high. While, increased travel distance and time have negative effects on visitor's choice. Governmental supports are turned out to have less to do with the consumer attraction. People with higher incomes tend to prefer other types of market. The results also suggested there is more likelihood of traditional markets being reactivated if the market is not fiercely competing with other types of markets. Internet market is ranked top in consumer's choice possibility, while traditional market is ranked at the bottom. The plausible factors to reactivate traditional market were physical factors(including increasing shops and parking facilities), which is followed by governmental support.

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A Study on the Relationship between Branding and Business Strategies of Korean Start-ups (한국 벤처창업기업의 상표와 비즈니스 전략간 연관성 분석)

  • Hyukjoon Kim;Yoo-Jin Han
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.19 no.2
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    • pp.27-43
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    • 2024
  • Recently, the importance of trademarks as a core resource of corporate competitiveness to protect and differentiate products and services is increasing. Global companies are focusing hard to secure trademark rights to manage brands that reflect their core values and to respond to increasingly frequent trademark disputes, while start-ups and individuals are working hard to secure trademark to run stable businesses and attract investment funds. Meanwhile, this study conducts an empirical analysis to identify the relationship between the brand and business strategy of domestic venture startups. The analysis data used was the response data of 2,230 corporate companies from the 2021 Venture Business Precision Survey, and the propensity score matching method, structural equation model analysis, and binomial logit analysis were used as analysis methods. As a result of the analysis, it was confirmed that domestic venture startups' trademark ownership does not make a significant difference in terms of the level of business strategy. This was confirmed to be because the brands of domestic venture start-ups mainly advance their business strategies only through the internal competency process, while the advancement of business strategies through the external competency process is very minimal. Meanwhile, it was confirmed that the level of cost advantage strategy among the business strategy levels of venture start-ups strengthens the tendency to hold trademarks, indicating that the higher the completeness of the cost advantage level, the more likely it is to expand trademark ownership for stable sales and supply of products and services through trademark ownership and to convert to high value-added in the future.

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A Study on the Economic Valuation of the Suncheon Bay Wetland according to the Logit Model (로짓모형에 따른 순천만습지의 경제적 가치평가)

  • Lee, Jeong;Kim, Sa-rang;Kweon, Dae-gon;Jung, Bom-bi;Song, Sung-hwan;Kim, Sun-hwa
    • Journal of the Korean Institute of Landscape Architecture
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    • v.45 no.6
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    • pp.10-27
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    • 2017
  • Recently, the importance of recognizing the natural environment and the need for its conservation are increasing due to rapid urbanization. Suncheon Bay, designated as Scenic Site No. 41 and one of the World's Five Greatest Coastal Wetlands, is the only tideland among the tidal flats in Korea, which has salt marsh reserves. It has high conservation value from the ecological aspect. In addition to the Suncheon Bay National Garden, it provides various benefits not only to visitors but to local residents as well in terms of economics, environmental issues, and history and cultural aspects. Two million tourists visit the site annually, which has constantly highlighted the limits of ecological capacity. The valuation of the Suncheon Bay wetland is more important for the sustainability of the Suncheon Bay wetland than for its value as a tourism resource for the activation of the local economy. This study used the Logit model, which is commonly used among probabilistic choice models, to evaluate the economic value of Suncheon Bay wetland with the contingent valuation method(CVM). Applying the conservation value of the Suncheon Bay wetland to the benefit of KRW 8,200 for 1 person and 1 day, the benefit from exploration is KRW 2,050, the management and conservation value is KRW 3,034, and the heritage value is KRW 3,116. The results of this study are that benefit from the annual exploration of Suncheon Bay wetland was KRW 44.3 in billion, the management and conservation value was KRW 6.55 in billion, and the heritage value was KRW 6.73 in billion. When converted to the number of paying visitors per year, the conservation value is about KRW 177.1 billion. This study was conducted to evaluate the use and conservation aspects of the economic value of Suncheon Bay wetland. Based on the latent value of the Suncheon Bay wetland, it provides basic data about the efficient management and policy establishment of Suncheon Bay wetland. The study is significant in that the ecological sustainability of the Suncheon bay wetland and the value of non-marketable were evaluated based on the recognition of 'benefit through exploration', 'management and conservation value' and 'value of heritage'. It can be used as policy decision data on the integrated collection of the admission fee of the Suncheon Bay wetland and Suncheon Bay National Garden.

The Factors Affecting Early Retired Men's Subjective Life Satisfaction (조기은퇴남성의 주관적 삶의 만족도에 미치는 영향요인 분석)

  • Kim, Ji-Kyung;Song, Hyun-Ju
    • Journal of Families and Better Life
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    • v.27 no.3
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    • pp.31-43
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    • 2009
  • Using the first wave of KLoSA(Korean Longitudinal Study of Ageing) beta version, this study analyzed factors affecting early retired men's subjective life satisfaction through Binary Logit and Multiple Regression. Total 552 men were selected as a sample. The main results of empirical analysis in this study were as follows: The retirement reason(health-) and monthly household income(+) affected whether they were satisfied with the retirement life or not and subjective life satisfaction over all. Especially, the retirement reason(health-) had a stronger effect on whether early retired min were satisfied with the retirement life or not and their subjective life satisfaction than monthly household income revealed significant variable in previous studies. This result represents that the retiree's life satisfaction analysis model must include retiree's characteristics at the time of retirement as well as retiree's current status characteristics or socio-economic characteristics.