• Title/Summary/Keyword: Net-benefit

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A Study on the Effect of Government Support on the Innovation of Defense Industry: Evidence from Korean firms (방위산업 혁신에 대한 정부지원 효과에 관한 연구: 우리나라 방산기업을 중심으로)

  • Kong, Hee-Jung;Bong, Kang Ho;Park, Jaemin
    • Journal of Digital Convergence
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    • v.18 no.1
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    • pp.1-10
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    • 2020
  • In this study, an empirical analysis using Difference-in-Difference(DID) methods was conducted based on the data of domestic defense companies to look at the impact of government support on the performance of these defense industries. As a result, we found that the volume of sales and assets of defense enterprises does not increase or decrease solely on the benefit of government support. In addition, government support for net profit to total sales ratio and net profit to total assets ratio improved significantly, but the effect was only seen in the short term. Unlike previous studies that focused on identifying the existence of differences between industries, our research is different in that it is the first to analyze empirically within the Korean defense industry. It is also theoretically meaningful in that it looked at the effects of government support, especially in industries with unique characteristics that have yet to be known.

Optimal Network Design Using Sensitivity Analysis for Variable Demand Network Equilibrium (가변수요 통행배정의 민감도 분석을 통한 최적가로망 설계)

  • 권용석;박병정;이성모
    • Journal of Korean Society of Transportation
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    • v.19 no.1
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    • pp.89-99
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    • 2001
  • The conventional studies on equilibrium network design problem(ENDP) with fixed travel demand models assume that the future OD travel demand might not be changed even if the structure and the capacity of the network are improved. But this fixed demand assumption may loose its validity in the long-range network design because OD travel demand actually shifts with the network service level. Thus, it is desirable to involve the variable travel demand which is determined endogenously in the model in the optimal network design. In this paper a hi-level model formulation and solution procedure for ENDP with variable travel demand are presented. Firstly It is considered how to measure the net user benefits to be derived from the improved in link capacities, and the equilibrium network design problem considered here is to maximize the increase of net user benefit which results from a set of lift capacity enhancements within the budget constraints, while the OD travel demands and link travel times are obtained by solving the lower level network equilibrium problem with variable demand. And secondly sensitivity analysis is carried out to find the links to which the network equilibrium flow pattern is the most sensitive. Finally numerical example with simple network is carried out to test the validity of the model.

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Effect of short-term fattening period and castration method on productivity, serum testosterone, and economic efficacy in Hanwoo cattle

  • Jun Sang Ahn;Eung Gi Kwon;Hyun Jeong Lee;Ui Hyung Kim;Jeong Il Won;Sun Sik Jang;Byung Ki Park
    • Journal of Animal Science and Technology
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    • v.65 no.1
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    • pp.149-159
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    • 2023
  • The purpose of this study was to evaluate the effects of castration method and short-term fattening periods on Hanwoo cattle. Thirty-two Hanwoo calves (average body weight: 148.4 ± 19.8 kg) were used. The calves were randomly assigned in a 2 × 2 factor according to two castration methods (castration or hemi-castration) and two short-term finishing periods (24 months or 26 months). The final body weight increased significantly as the fattening period increased (p < 0.05), and the average daily weight gain was higher in the hemi-castration groups than in the castration groups (p < 0.05). After surgical castration, testosterone concentration was higher in the hemi-castration group than in the castration group during the entire experimental period (p < 0.05). The rib eye area was wider in the hemi-castration group than in the castration group (p < 0.01).An interaction effect was observed between the castration method and short-term fattening period (p < 0.05). Marbling and auction price scores differed between castration methods and were higher in the castration group than in the hemi-castration group (p < 0.01). Gross receipts and net income increased in the castration group compared to the hemi-castration group (p < 0.01) and showed a tendency to increase with the short-term fattening period, but there was no significant difference. Thus, castration to remove both testicles is essential for economic profit through producing high-quality Korean beef meat, and short-term fattening for 26 months, rather than 24 months, can benefit more by increasing carcass weight and meat quality.

Cost-Benefit Analysis on Marine Transportation Safety Facility Using CVM(Contingent Valuation Method) (CVM을 이용한 해상교통안전시설 투자 편익 분석)

  • Kim, Sooyeob;Lee, Gunwoo
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2014.06a
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    • pp.73-75
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    • 2014
  • Marine transportation facility is public goods for the general public and their safety. The study used the Contingent Valuation Method (CVM), a method to estimate economic value of non-market goods, such as environmental goods. In order to analyze economic effects of marine accidents preventable by the VTS, the study estimated costs caused by marine accident cases. It conducted surveys with people and shipping companies in local areas where VTS is to be established in the future. According to a survey with people in areas where marine transportation control center is to be built (Tongyoung), the yearly benefit from building new VTS is estimated at KRW 11billion. If fees are paid in the form of income tax for five years from 2014, corresponding benefits during the same period will reach KRW 47.3 billion in current value. An analysis on economic validity of VTS establishment in Tongyong showed the B/C ration stood at 3.193, far higher than 1. The Net Present Value (NPV) was KRW 32.5 billion and the Internal Rate of Return (IRR) turned out to be 37.4% which was higher than social discount rates of 53.5%. On balance, the establishment has reasonable economic validity.

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Study on Installation Capacities of Wastewater Reclamation and Reusing System Applying to Contact Aeration Process using Cost-benefit Analysis (경제성분석을 이용한 접촉폭기방식 중수도의 설치규모분석에 관한 연구)

  • Nam, Young-Woo;Park, Tae-Uk
    • Journal of Korean Society of Environmental Engineers
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    • v.22 no.11
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    • pp.1945-1954
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    • 2000
  • This study provides economical installation capacities for wastewater reclamation and reusing system in 7 areas of South Korea applying to contact aeration process using NPV(net present value) model based on cost-benefit. First. considering only private benefits. economical installation capacities for wastewater reclamation and reusing system applying to contact aeration process in household use were more than $500m^3/day$ in Pusan. $1,000m^3/day$ in Taegu. $2,000m^3/day$ in Kwangju. However. installation capacities in Seoul. Inchen, Taejon, and Ulsan were not optimal for $3,000m^3/day$. Therefore, supply ways of wastewater reclamation and reusing system in household use in the latter areas were more optimal local recirculation system than individual recirculation system. Economical installation capacities for wastewater reclamation and reusing system in business use were more than $100m^3/day$ in Seoul. Pusan. and Kwangju and which were $300m^3/day$ in Taegu, Inchen, Taejon, and Ulsan. Economical installation capacities for wastewater reclamation and reusing system in commercial use were more than $100m^3/day$ in Seoul, Pusan, Taegu, Kwangju, Taejon, and Ulsan, and which were $300m^3/day$ in Inchen. Second, considering only social benefits. economical installation capacity for wastewater reclamation and reusing system applying to contact aeration process was more than $100m^3/day$.

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Analysis of Effects on Adoption of a Safety e-Reporting System (안전신고 제도(안전신문고) 도입에 따른 효과 분석)

  • Lee, Jun;Cho, Sangmyeong;Park, Eunmi;Lee, Sanghwa
    • Journal of Korean Society of Disaster and Security
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    • v.12 no.4
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    • pp.27-41
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    • 2019
  • To analyze the effectiveness of the safety e-reporting system, the present study carried out analysis of safety e-reporting data reported between September 2014 and July 2019, and selected items for measuring the effectiveness of safety e-reporting. Using these items, the effects of adopting the reporting system for the four major parking violations was analyzed, alongside an analysis of effects in terms of traffic accidents using the unit model. When we count the securement of the tax revenue through measures such as charging fines as the beneficial factor per case, the estimation of the benefit is around 62,000 KRW per case. Summing the two factors up, the total value of citizen's reports pertaining to the big four parking violations is about 275,000 KRW per case. Most of the reports made through the Safety e-Report system are about traffic and facilities. When we calculate the total annual benefit with the representative reporting value defined with traffic and facilities, the system received a total of 1,164,439 cases from 2014 to 2019, while citizens reported 52,721 cases for the big four parking violations from April to July 2019. As the value of a safety report is around the net benefit for last five years is around 27,340,000,000 KRW.

Economic Impact Analysis on High-yield Groundwater Development R&D Project in Jeju (제주도 청정 대용량 지하수개발 연구사업의 경제적 효과분석)

  • Ahn, Eun-Young;Kim, Seong-Yong
    • Economic and Environmental Geology
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    • v.42 no.2
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    • pp.133-141
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    • 2009
  • For economic impact analysis on a R&D project of high-yield groundwater development in Jeju conducted by KIGAM from 2004 to 2007, benefit/cost ratio(BCR), net present value(NPV), and internal rate of return(IRR) were calculated by contingent valuation method(CVM), production function analysis, domestic water market analysis and technology factor analysis. Measurable direct impact parameters among the major outputs of this R&D project consisted the estimation 4 high-yield and high mineral groundwater reserve in Jeju. Annual use of the reserve by piped water and bottled water was estimated as 12.23 million ton and its monetary value was calculated as 293.4 million dollar in 2006 year value applied of 5.5% discount rate. Economic impact of this R&D project in NPV of year 2006, with applying a discount rate of 5.5%, was identified and estimated as 13.66 million dollar in NPV, 4.05 points in BCR, and 22.74% in IRR, respectively. Additional early launch benefit was 5.58 million dollar. Even increased of the 1% discount rate, NPV of this R&D project was also positive as 12.18 million dollar and BCR was 3.71.

Analysis of the 2015 reform plan of government employees pension system (GEPS) through monte carlo simulations (모의실험을 통한 2015년 공무원 연금제도 개정안의 효과분석)

  • Lee, Jieun;Song, Seongjoo
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.1
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    • pp.19-32
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    • 2016
  • Due to the increasing fiscal burden and structural unbalanced premium/benefit costs, the new reform on the government employees pension system (GEPS) was considered even after the recent reform in 2009. This article examines the various effects of recent amendment in 2015 on GEPS using a simple probabilistic model. We consider effects on both sides, the pensioners and the government. First of all, the expected net value of pension payment for an individual employee was calculated based on the supposed survival distribution. The fairness of individual pension holders was compared using the benefit-cost ratio. Secondly, from pension system users' point of view, the default probability and the government subsidy were examined by Monte-carlo simulation. From the simulation experiment, we could see that the 2015 reform plan indeed reduces the default probability and the size of the fiscal burden of government by increasing the premium and decreasing the benefit. However, the size of the effect is not very standout at this moment because the number of new employees who are fully subject to the reform will be much smaller than the number of previous employees for a while. Thus, the effect of the reform is expected to appear in a slow manner.

Sex-linked Dwarf Gene for Broiler Production in Hot-humid Climates

  • Islam, M.A.
    • Asian-Australasian Journal of Animal Sciences
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    • v.18 no.11
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    • pp.1662-1668
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    • 2005
  • This review has been done to examine sex-linked dwarf gene in broiler production in hot-humid climates. Introduction of sex-linked dwarf gene especially in hot harsh tropical environments brings a great advantage for broiler production. The heavy broiler parent suffers due to the stress of these adverse climates. Sex-linked dwarf genes reduce body weight, egg weight, but are superior for adaptability under harsh tropical environments, with a lower requirement for housing and feed, better survivability and reproductive fitness giving fewer defective eggs, more hatching eggs, better fertility, hatchability, feed conversion efficiency and resistance to disease. Overall the cost of chick production from dwarf hens is lower than from their normal siblings. Market weights of broilers from sexlinked dwarf dams is almost similar to those of broilers from normal dams with normal sires. But the net benefit of broiler production from sex-linked dwarf dams is found to be greater than that of broilers from normal dams. This will be the most important to the rural communities in Bangladesh and in other countries where the similar environment and socio-economic conditions exist. Therefore, sexlinked dwarf hens might be used in broiler breeding plan as well as broiler production in the tropics.

Custody Transfer of Bundle layer in Security Mechanism for Under water Inter net of Things (UIoT)

  • Urunov, Khamdamboy;Namgung, Jung-Il;Park, Soo-Hyun
    • Journal of Korea Multimedia Society
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    • v.18 no.4
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    • pp.506-523
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    • 2015
  • The intent is to determine whether or not the custody transfer is helpful for data transmission in challenging underwater communications when running Bundle protocol or underwater protocols. From the point of view defending side, Underwater Acoustic Network (UAN) will be a serious threat for its strong functionality long rang and high precision of surveillance and detection. Therefore, countermeasures must be taken to weaken its effect. Our purpose is analyzed that how to benefit from the UIoT to learn from, exploit and preserve the natural underwater resources. Delay/Disruption Tolerant Network (DTN) is essential part of the network heterogeneity communication network. The vulnerability and potential security factors of UIoT are studied thereafter. Security mechanisms for an underwater environment are difficult to apply owing to the limited bandwidth. Therefore, for underwater security, appropriate security mechanisms and security requirements must be defined simultaneously. The paper consists of mathematical and security model. Most important point of view in the security challenges of effective Buffer and Storage management in DTN.