• Title/Summary/Keyword: Price-Estimation

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A Study on the Import-Export Modeling and GIS Analysis of the International Provisions for the Agricultural Policy Decision Support (농업정책결정지원을 위한 국가간 식량 수급 모델링 및 GIS 분석에 관한 연구)

  • 김대식;이상무
    • Journal of Korean Society of Rural Planning
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    • v.4 no.2
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    • pp.117-127
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    • 1998
  • In this study, a model was developed to analyze the capacity and the total price of the agricultural products marketing between nations through the estimation of the production and consumption amount of the agricultural products in each nation and the analysis of the price and transport cost to each nation. The method which can contribute to the agricultural policy decision support was devised. The main concept of the method is to compute the potential import-export amount and total cost among the nations. In the application, wheat was selected to evaluate the model. The application results showed that the model could analyzed the unit consumption and storage amount per capital of each nation and the price and transport cost per unit weight from each export nation, provided the policy decision maker with the basic data analyzed by GIS.

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Estimation of the Benefit of Electronic Banking Information Service Using Hedonic Price Technique (헤도닉 가격 기법을 이용한 전자금융 정보서비스 편익 추정에 관한 연구)

  • Lee, Hyung-Seok;Park, Kwang-Tae
    • Asia pacific journal of information systems
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    • v.11 no.4
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    • pp.43-62
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    • 2001
  • Recently, as information and communication technology is swiftly developed, consumers feel more convenient in making use of as well as access to the banking service. This change must affect consumer's benefit, however, there are rare previous studies and methods for measuring it. Thus, we utilize hedonic price technique to estimate consumer's benefit of electronic banking information. The results indicate that the price elasticity of consumer's communication service expenditure regarding the use of electronic banking information is about 0.057%. That is, users have willingness to pay 57 Won more than current communication fee for acquiring the additional electronic banking information.

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Standard Process Rationalization Research of Estimation Cost for Automotive Parts Industry (자동차 부품산업의 견적원가 산정을 위한 표준 프로세스 합리화 방안 연구)

  • Kim, Young-Cheol;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.18 no.4
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    • pp.115-122
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    • 2016
  • Price quotations for SOR / RFQ from OEM clients is a very important process in the automotive parts industry. However, OEM clients are demanding a price quote on short duration but it takes long delivery time due to sales, research and development, purchasing, production and cost management departments role and jobs focused on detail and responsibility. And to provide a reasonable alternative with eliminating the waste of non-value processes is to achieve OEM clients satisfaction through standardized and parallel processing, IT system based on the systems and processes of global benchmark companies.

Estimation of Carbon Emissions Price Using Big Data Analysis Method (빅데이터 분석기법을 활용한 탄소배출권 가격 예측)

  • Im, Giseong;Park, Sangwon;Jang, Jiyoung;Lee, Minwoo;Han, Seungwoo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.11a
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    • pp.50-51
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    • 2019
  • Globally, South Korea is a country that has a lot of $CO_2$ emissions and has steadily increased its total greenhouse gas emissions since the 1990s. With the recent implementation of the carbon emission trading system in Korea, the importance of calculating $CO_2$ emissions of construction equipment is increasing, hence the need for accurate calculation of environmental penalties through allocating carbon emission rights. This study presents a methodology to predict the price of carbon credits using big data analysis method. This methodology is based on correlating and regression analysis of trends in carbon emission prices and search volumes. This study aims to support faster and more accurate budget calculations in the planning of the construction process based on the predicted price of carbon emission rights.

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Graphical Estimation of the Parameters of the Stable Laws

  • Paulson, Albert-S.;Won, Hyung-Gyoo
    • Management Science and Financial Engineering
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    • v.2 no.1
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    • pp.103-122
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    • 1996
  • This paper presents an easily used graphical procedure for simultaneous estimation of the index, skewness, scale, and location parameters of the stable laws. First, the index $\alpha$ and skewness $\beta$ are estimated through the joint use of a tail length statistic $\widetilde{K_t}$ and a skewness statistic $\widetilde{K_s}$, both of which are functions of order statistics. Next, the function of order statistics needed for estimation of scale $\sigma$ and location $\mu$ are determined from a nomogram indexed on the estimates of $\alpha$ and $\beta$. Some applications and examples are provided.

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PFC Dual Boost Converter Based on Input Voltage Estimation for DC Inverter Air Conditioner

  • Park, Gwi-Geun;Kwon, Kee-Yong;Kim, Tae-Woong
    • Journal of Power Electronics
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    • v.10 no.3
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    • pp.293-299
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    • 2010
  • In this paper, a single-phase PFC (Power Factor Correction) dual boost converter based on input voltage estimation is studied for DC inverter air conditioner. It is focused on improving input power factor and power quality to satisfy the recent harmonic current regulation standards. Furthermore the input voltage estimation is introduced for price competitive products. A low cost and reasonable control system is implemented using a specified high-speed 32-bit microprocessor. Their effectiveness are verified through theoretical analysis and experiments.

Estimation of optimal price of freeway traffic information using a price-sensitivity analysis (가격민감도 기법을 이용한 고속도로 교통정보의 적정가치 산정 연구)

  • Lee Eui-Eun;Kim Jun-Jung
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.2 no.1 s.2
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    • pp.85-92
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    • 2003
  • Due to the expansion of freeway networks in Korea, drivers have more routes to choose. Traffic information on various alternative roadway sections and routes may help drivers choose the optimal route that minimizes travel time or cost. Traffic information on roadways is, therefore, invaluable in sense that individual drivers could reduce their travel time or cost by selecting optimal routes, and furthermore total travel cost of the system could be lowered. However, consensus about the price of traffic information that drivers are willing to pay is not made yet. Current price of traffic information is decided according to the price of similar information such as stock, weather and so on. To investigate the value of traffic information, a survey was conducted at freeway rest areas near Seoul Megalopolis area including Kyunggi Province. Eight hundred drivers who had travelled on freeway within a year were randomly selected. Purposive Quota Sampling was used. A price-response function, a relationship between price and sales, was obtained based on the survey, followed by sensitivity analysis

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An Empirical Analysis on A Refiner's Asymmetric Gasoline Price Adjustment (정유사 휘발유 공급가격의 비대칭적 가격조정에 대한 실증분석)

  • Kim, Youngduk
    • Environmental and Resource Economics Review
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    • v.22 no.4
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    • pp.613-641
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    • 2013
  • This paper uses the error correction model to analyse dynamic gasoline price adjustments of the four refiners. Unlike the existing studies, this model allows a refiner's asymmetric adjustment to changes in the other refiners' prices as well as in its own price and costs. With the estimation results, we can obtain the following findings. First, there are the asymmetric price adjustments to changes in exchange rate and international gasoline price, but showing opposing directions. Second, for most of the refiners, the prices respond immediately to the lagged deviation from the long run equilibrium price, but asymmetrically respond for a few refiners. Third, there are some refiners that adjust their price to the other refiners' price deviation from the long run equilibrium. For some refiners, there are competitive price adjustments to the others' price deviations. These findings imply that a refiner faces inelastic demand, intends to maintain implicitly a relative level of its own price to others, and tends to respond competitively to the others' price deviation from the equilibrium.

An Empirical Study on Determining Factors of estimation cost: Focused on Defense Goods (예정가격 결정요인에 관한 연구: 방산물자를 중심으로)

  • Song, Young-Il;Kim, Dong-Uk;Shim, Suk-Hwa
    • Journal of the military operations research society of Korea
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    • v.37 no.1
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    • pp.99-118
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    • 2011
  • According to the National Contract Law, when determining Estimation cost Contract officers should consider contract quantity, contract period, supply and demand condition, difficulty of contract enforcement, terms and condition, and other various conditions based market price, costing based pricing, and appraisal. And they should not overestimate or underestimate the estimation cost. But the estimation cost system is used as preparedness for audit against the contract law. In this study, we identified the factors affecting estimation cost and analyzed their influence on estimation cost.

Impact Analysis of an Eco-Park on the Adjacent Apartment Unit Price by Using the Hedonic Model - With a Focus on the Cheongju Wonheung-ee Park and Adjacent Apartments - (헤도닉 모델에 의한 생태공원의 인접 아파트 가격 영향 분석 - 청주 원흥이공원과 인접 아파트를 대상으로 -)

  • Ko, Hye-Jin;Yun, Ki-Bum;Shim, Young-Ju;Hwang, Hee-Yun
    • Journal of the Korean housing association
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    • v.22 no.5
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    • pp.47-57
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    • 2011
  • The purpose of this research is to demonstrate the necessity of conserving and maintaining eco-parks by estimating their economic value. Wonheung-ee Park in Sannam 3 District of Cheongju City was chosen as the subject and a quantitative estimation was conducted. The quantitative analysis utilized the hedonic price model that estimates the value of non-market goods. The summarized results of this study are follows. The subject park influenced the prices of its neighboring apartments. The most important factor was the distance between the park and the subject apartment. When the distance was longer than 400m, the impact was greatest. The quantitative assessment also showed that apartment prices and the distance between an apartment and the park had a negative relationship. When the distance increased by 1%, apartment prices decreased by 0.430%. This means that within a certain distance, the closer an apartment is to the park, the higher is the price. Demonstrating the economic value of eco-parks, this study also supports the importance of preserving eco-areas. It generally shows that when we develop a city, we should refrain destroying the ecosystem.