• The Journal of Fisheries Business Administration
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• v.33 no.2
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• pp.31-48
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• 2002

This paper is aimed to analyze how to evaluate the choice of optimal management measures and level of control in fisheries management under the costly and imperfect management system by comparing with costless and perfect management system that is commonly assumed in the analysis of fisheries regulations. Fishermen would set the level of fishing efforts at the point where the marginal fishing profit for fishing effort is equal to the marginal level of fine under costly and imperfect management system. Therefore, under the case where the marginal fishing profit is higher than the marginal level of fine, the level of fishing efforts would be made at the point which is higher than the level of fishing efforts made under costless and perfect management system and is not a point where the economic profit is maximized in regulated fisheries. From this conclusion, the fishermens avoidance activities against regulations as well as the level of control in fisheries management substantially have an influence on the choice of fisheries management instruments. According to the analysis of optimal fisheries management policy, the economic profits in regulated fisheries are determined by the level of fisheries enforcement costs and total fishing profits, in which as enforcement costs increase the economic profits decrease. In addition, the economic profits vary in response to the level of control in avoidance activities. That is, as avoidance costs decrease, the economic profits increase. The determination of optimal level of control in fisheries management should be made at the point where the marginal regulation costs are equal to the marginal profits from regulated fisheries, in which marginal regulation costs are different according to the type of management measures. And the level of profits changes in response to different levels of avoidance activities. The management measure that can maximize the difference between the marginal regulation costs and marginal profits from regulated fisheries should be chosen as an optimal fisheries management instrument.

• Journal of Wetlands Research
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• v.8 no.2
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• pp.83-92
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• 2006

In this regard, we propose researches on the actual restoration costs of destroyed wetlands caused by development projects, as a way to derive the value of wetlands. And, we are willing to contribute in extracting the true value of wetlands by seeking the marginal cost of restoring destroyed wetlands, based on data such as biodiversity indicator which tells the recovery process of fauna and flora including fishes and birds. This means that once wetlands are destroyed, no one can tell the costs to restore them only in a view of costs which is one of two sides in economic analysis. Accordingly, knowing their restoration costs through derivation of marginal costs would give more precise decision-making for wetlands related projects.

• Proceedings of the KSR Conference
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• 2005.05a
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• pp.930-935
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• 2005

This study tried to suggest a new direction of rail freight pricing in Korea. Determinant factors of rail freight fare are collected and pricing principles are introduced. Marginal social costs are to be fare of rail freight in theory and those costs should be estimated in the near future. From the market pricing of North American rail freight carriers we can find a direction of future pricing and from the EU efforts to estimate social marginal costs we can also find research agenda.

• Journal of Korean Society for Quality Management
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• v.15 no.2
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• pp.20-26
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• 1987

An algorithm for the minimum total process percent defective under marginal costs is presented. Initial process is single series system, which is constructed by k process units, and each process is considered priority. Minimum of total process percent defective for parallel-series system exists when additional process setup costs are larger than marginal costs.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.5
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• pp.871-881
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• 2010

In the uniform price electricity market or bilateral electricity market, the energy transactions in which the network is not considered and ISO's system operation costs which ISO try to minimize are settled separately. In this paper, transmission loss, one of the ISO's system operation costs, was dealt. The conventional marginal loss allocation method gives economic signals but three aspects have to be considered; excessiveness, arbitrariness and cross-subsidy. In this paper, marginal loss compensation efficiency method was suggested which consider those aspects of the conventional marginal loss allocation method. Also the characteristics of the marginal loss compensation efficiency were analyzed in the appendixes. And simple 2-bus system and IEEE 14 bus system were used to explain these characteristics.

• KDI Journal of Economic Policy
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• v.44 no.1
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• pp.77-98
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• 2022

This paper empirically verifies that the types of capital adjustment costs serve as an important mechanism in relation to investment decision-making after confirming that the investment dispersion of Korean firms is pro-cyclical and can affect business cycles. Specifically, it is found through empirical methods using corporate financial data that capital adjustment costs generally assumed to take a quadratic form in macroeconomics are asymmetric and irreversible in the Korean economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that the substitution effect of the marginal value to the marginal cost for one unit of investment in the inter-temporal investment decision is affected by that cost with regard to the resale of owned equipment assets, as opposed to new investments in equipment assets. We ultimately show, albeit indirectly, that investment dispersion can affect business cycles as capital adjustment costs influences investment decisions. What is implied is that the capital adjustment cost is not merely an exogenously deep parameter that fits the dynamics of business cycles in a macroeconomic model but could instead be a policy variable that can be endogenized through government policies.

• Environmental and Resource Economics Review
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• v.22 no.3
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• pp.499-520
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• 2013

This study proposes an iterative approach to the estimation of the marginal abatement costs of undesirable outputs by computing the slope of the efficient production possibilities frontier on the basis of the efficient projection points generated by the directional output distance function approach due to Fare et al. (2005) based on duality theory. In case of the latter methodology, the estimated marginal abatement costs differ significantly depending on the choice of the directional output vector. In addition, depending on the curvature of the underlying PPF the efficient projection points may be located at a significant distance away from their actually observed counterparts. While it would be more logical to estimate marginal abatement costs as a PPF slope at a point corresponding to the actually observed emissions level, the methodology based on duality theory is likely to produce unstable results due to the problems associated with applying the theorem of implicit function differentiation. Since our methodology is not based on duality theory, our results are immune to both of these problems. We apply our methodology to a sample of Western European countries for the period of 1995-2011 to illustrate our approach.

• Journal of Periodontal and Implant Science
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• v.41 no.5
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• pp.248-252
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• 2011

Purpose: The anterior region is a challenge for most clinicians to achieve optimal esthetics with dental implants. The provisional crown is a key factor in the success of obtaining pink esthetics around restorations with single implants, by soft tissue and inter-proximal papilla shaping. Provisional abutments bring additional costs and make the treatment more expensive. Since one of the aims of the clinician is to reduce costs and find more economic ways to raise patient satisfaction, this paper describes a practical method for chair-side fabrication of non-occlusal loaded provisional crowns used by the authors for several years successfully. Methods: Twenty two patients (9 males, 13 females; mean age, 36,72 years) with one missing anterior tooth were treated by using the presented method. Metal definitive abutments instead of provisional abutments were used and provisional crowns were fabricated on the definitive abutments for all of the patients. The marginal fit was finished on a laboratory analogue and temporarily cemented to the abutments. The marginal adaptation of the crowns was evaluated radiographically. Results: The patients were all satisfied with the final appearance and no complications occurred until the implants were loaded with permanent restorations. Conclusions: The use of the definitive abutments for provisional crowns instead of provisional abutments reduces the costs and the same results can be obtained.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.63 no.3
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• pp.131-137
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• 2014

It is expected that there will be delay of scheduled transmission network reinforcement and huge investment of renewable energy resources in Korea. As transmission capacity expansion delayed, supplying power to Seoul metropolitan area will not be increased as scheduled. In addition, uncertain renewable energy out of Seoul metropolitan area can cause transmission congestion in the future power system. These two combining effects will make the difference in locational marginal prices(LMP) and congestion costs increase. In that sense, this paper will analyze how much the congestion costs for Korea power system are incurred in the future power system. Most of previous approaches to analyze the congestion costs for electric power system are based on the optimal power flow model which cannot deal with hourly variation of power system. However, this study attempted to perform the analysis using market simulation model(M-Core) which has the capability of analyzing the hourly power generation cost and power transmission capacity, and market prices by region. As a result, we can estimate the congestion costs of future power system considering the uncertainty of renewable energy and transmission capacity.

• The Korean Journal of Air & Space Law and Policy
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• v.17
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• pp.29-54
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• 2003

The objectives of this study are to develop more practical and efficient model concerned with airport charge, especially with aircraft landing charge. This study utilizes average pricing and marginal pricing theory as well as cost accounting theory. The average pricing method is useful to make total costs recovery possible in uncongested situation where the marginal costs are too low to recover the total costs of service. The utilization of cost accounting theory with marginal cost pricing theory would improve the practical applicability of the model. In addition, it is necessary to apply cost accounting information in order to estimate more exact cost for the service of landing and take-off of each aircraft type.