• Title/Summary/Keyword: Private Consumption

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A Study on the Relationship between Economic Change and Air Passenger Demand: Focus on Incheon International Airport (경제환경 변화와 항공여객 수요 간의 관계 분석: 인천국제공항을 중심으로)

  • Kim, Seok;Shin, Tae-Jin
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.27 no.4
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    • pp.52-64
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    • 2019
  • The purpose of this study is to analyze the impact of macroeconomic variables on air passenger demand and provide useful information to airport managers and policymakers. Therefore, using the quarterly macroeconomic indicators from 2002 to 2017, the relationship with air passenger demand was demonstrated by multiple regression analysis. In the previous studies, they used GDP, Korea Treasury Bond, KOSPI index, USD/KRW Exchange Rate, and WTI Crude Oil Price variables. In this study, we used the Coincident Composite Index, Employment Rate, Consumer Sentiment Index, and Private Consumption Rate used as additional variables. It has confirmed that if the consumption of research results expands or the economic environment is right, it will affect the increase in international passengers. In other words, it confirmed that the overall economic situation acts as the main factor determining air passenger demand. It confirmed that the economic environment at the past has a significant impact on air passenger demand.

Blockchain Framework for Occupant-centered Indoor Environment Control Using IoT Sensors

  • Jeoung, Jaewon;Hong, Taehoon;Jung, Seunghoon;Kang, Hyuna;Kim, Hakpyeong;Kong, Minjin;Choi, Jinwoo
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.385-392
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    • 2022
  • As energy-saving techniques based on human behavior patterns have recently become an issue, the occupant-centered control system is adopted for estimating personal preference of indoor environment and optimizing environmental comfort and energy consumption. Accordingly, IoT devices have been used to collect indoor environmental quality (IEQ) data and personal data. However, the need to safely collect and manage data has been emerged due to cybersecurity issues. Therefore, this paper aims to present a framework that can safely transmit occupant-centered data collected from IoT to a private blockchain server using Hyperledger fabric. In the case study, the minimum value product of the mobile application and smartwatch application was developed to evaluate the usability of the proposed blockchain-based occupant-centered data collection framework. The results showed that the proposed framework could collect data safely and hassle-free in the daily life of occupants. In addition, the performance of the blockchain server was evaluated in terms of latency and throughput when ten people in a single office participated in the proposed data collection framework. Future works will further apply the proposed data collection framework to the building management system to automatically collect occupant data and be used in the HVAC system to reduce building energy consumption without security issues.

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An Analysis of the Current State of Window Constructions in Small-scale Private Architecture in Consideration of the Energy Consumption Efficiency Rating System (소규모 민간건축에 있어서 에너지소비효율등급제를 고려한 창호공사 현황분석)

  • Kang, Suk-Pyo;Jin, Eun-Mi
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.1
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    • pp.43-51
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    • 2015
  • At present, in the case of small and medium window manufacturers in South Korea, glazing and window frame manufacturers are divided into separate businesses. However, in the fenestration energy consumption efficiency rating system and the energy-saving design criteria for buildings, the coefficient of overall heat transmission standard for windows is defined by window sets, which integrate glazing and window frames. At most construction sites, windows are constructed by installing separately supplied glass and frames. Research that can integrate the reality and the system is therefore necessary. The present study first investigated and analyzed the on-site situation of the fenestration energy consumption efficiency rating system. According to the results, while overall understanding of the fenestration energy consumption efficiency rating system was high, satisfaction with it was low, and the general practice at construction sites was to use windows assembled on site rather than integrated window systems manufactured at factories, thus making it difficult to confirm that the current rating system was well applied on site. Consequently, the reality of industrial sites must be reviewed and a realistic alternative to the fenestration energy consumption efficiency rating system must be presented instead of focusing on theory.

Potential of Agricultural Residues for Small Biomass Power Generation in Thailand

  • Panklib, Thakrit
    • International Journal of Advanced Culture Technology
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    • v.4 no.1
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    • pp.1-9
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    • 2016
  • The demand for energy in Thailand has been continually increasing as the economic and social country grows. Approximately 60% of Thailand's primary energy is imported, mostly petroleum products. In 2008 Thailand's total energy consumption was 80,971 ktoe and the net price of energy imported was up to 1,161 billion Baht which is equivalent to 12.8% of GDP at the current price. The energy consumption or energy demand has been growing at an annual compounded growth rate of 6.42% and the peak electric power demand and electricity consumption was recorded at 22,568 MW and 148,264 GWh and grew at a rate of 7.0% and 7.5% per annum during the period from 1989 to 2008. The gross agriculture production in 2008 was recorded at 135.4 Mt which represents agriculture residue for energy at 65.73 Mt, which is equivalent to energy potential of about 561.64 PJ or 13,292 ktoe an increase in average of 5.59% and 5.44% per year respectively. The agricultural residues can converted to 15,600 GWh/year or 1,780 MW of power capacity. So, if government sector plan to install small biomass gasification for electricity generation 200 kW for Community. The residue agricultural is available for 8,900 plants nationwide. The small biomass power generation for electricity generation not only to reduce the energy imports, it also makes the job and income for people in rural areas as well. This paper's aim is to report the energy situation in Thailand and has studied 5 main agricultural products with high residue energy potential namely sugarcane, paddy, oil palm, cassava, and maize appropriate for small electricity production. These agricultural products can be found planted in many rural areas throughout Thailand. Finally, discuss the situation, methods and policies which the government uses to promote small private power producers supplying electricity into the grid.

Korean Geographies of Retailing and Consumption (국내 소매.소비지리학의 연구 동향과 과제)

  • Chung, Su-Yeul
    • Journal of the Economic Geographical Society of Korea
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    • v.14 no.3
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    • pp.394-406
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    • 2011
  • The retailing industry in Korea has developed with new store formats: supermarket, convenient store, discount Store, and super-super market. Also, there are confrontation and conflict between them, becoming a national issue. This study reviews the existing literatures in Korean geography of retailing and consumption and attempts to set forth the future research themes and topics. The review shows that the existing literatures disproportionately focus on location, diffusion, and market area of the new store formats. The future research themes and topics includes the marketplace combined with recreation, donation, environment-friendliness, or social welfare; marketplace as a part of global production and distribution system; expansion of marketplace into homes which are longstanding private space; spatial structure of retailing at various geographical scale.

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Analysis of Consumer Purchase Factors through Online Marketing of Convenience Store PB Products (편의점 PB상품의 온라인 마케팅을 통한 소비자 구매 요인 분석)

  • Park, Jung-Hoon;Kim, Seung-In
    • Journal of Digital Convergence
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    • v.18 no.5
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    • pp.399-404
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    • 2020
  • The purpose of this study is to find out the consumer's purchasing behavior and its factors when a convenience store brand is marketing new PB products online. For this study, we surveyed 2030 millennials about the purchase behavior of convenience store PB products and the paths to encounter PB products. As a result, consumers who purchase convenience store PB products were exposed to the product through SNS or YouTube, and they tended to join the trend by posting on SNS after purchase. In this study, we want to examine the consumption trends of millennials that have this type of consumption and the concept of online marketing that affects them. It is hoped that future consumer purchases will continue to be valuable consumption rather than relying on trends.

A Method for Detecting the Exposure of an OCSP Responder's Session Private Key in D-OCSP-KIS (D-OCSP-KIS에서 OCSP Responder의 세션 개인키의 노출을 검출하는 방법)

  • Lee, Young-Gyo;Nam, Jung-Hyun;Kim, Jee-Yeon;Kim, Seung-Joo;Won, Dong-Ho
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.15 no.4
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    • pp.83-92
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    • 2005
  • D-OCSP-KIS proposed by Koga and Sakurai not only reduces the number or OCSP Responder's certificate but also criers the certificate status validation about OCSP Responder to the client. Therefore, D-OCSP-KIS is an effective method that can reduce the communication cost, computational time and storage consumption in client, but it has some problems. In case an attacker accidentally acquires an OCSP Responder's session private key in a time period (e.g., one day), she can disguise as the OCSP Responder in the time period unless the OCSP Responder recognizes. She can offer the wrong response to the client using the hash value intercepted. And the server and user on I-commerce can have a serious confusion and damage. And the computation and releasing of hash chain can be a load to CA. Thus, we propose a method detecting immediately the exposure of an OCSP Responder's session private key and the abuse of hash value in D-OCSP-KIS.

A Study on Furniture Market of South Korea in New Normal - Focus on Economic Perspectives - (뉴 노멀시대 한국의 가구 시장 연구 - 경제적 관점을 중심으로 -)

  • Jung, Jaenah
    • Journal of the Korea Furniture Society
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    • v.29 no.1
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    • pp.8-17
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    • 2018
  • Economic crisis in 2008 has changed South Korean market including furniture related field. Owing to Subprime Mortgage Crisis, new economic order, in other words, New Normal was established. Low growth rate, low interest, high unemployment rate, high risks, regulation strengthening, and all that sort of negative things have became generalized. South Korean economy has developed drastically since the Korean War, however recent economic crisis and Internet and smart phone have leading roles in shaping new consumption market. In a way, furniture market has expanded despite economic recession. Total service for housing is suited to South Korean consumers and shortened Product Life Cycle induces consumers to buy more furniture. In addition, Internet and smart phone allow people to show off their private spaces to unspecified masses. As a result, consumer prefers inexpensive and expendable furniture. It is certain that furniture market makes quantitative growth, but qualitative sides are questionable. Even though the study is focused on the existent circumstances, It will help to find out the proper ways of future furniture market in South Korea.

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Asset Price, the Exchange Rate, and Trade Balances in China: A Sign Restriction VAR Approach

  • Kim, Wongi
    • East Asian Economic Review
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    • v.22 no.3
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    • pp.371-400
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    • 2018
  • Although asset price is an important factor in determining changes in external balances, no studies have investigated it from the Chinese perspective. In this study, I empirically examine the underlying driving forces of China's trade balances, particularly the role of asset price and the real exchange rate. To this end, I estimate a sign-restricted structural vector autoregressive model with quarterly time series data for China, using the Bayesian method. The results show that changes in asset price affect China's trade balances through private consumption and investment. Also, an appreciation of the real exchange rate tends to deteriorate trade balances in China. Furthermore, forecast error variance decomposition results indicate that changes in asset price (stock price and housing price) explain about 20% variability of trade balances, while changes in the real exchange rate can explain about 10%.

An Optimal Strategy for Private Life Annuity by Utilizing AEW (AEW를 활용한 개인종신연금의 최적화 전략)

  • Yang, Jae-Hwan;Yuh, Yoon-Kyung
    • IE interfaces
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    • v.24 no.3
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    • pp.173-186
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    • 2011
  • In this paper, we evaluate life annuity plans for Korean pre-retired single and married couple participating Korea National Pension (KNP) and find optimal life annuity strategy by using utility-based measurements called AEW (Annuity Equivalent Wealth). Specifically, we extend a previous study to obtain a detailed optimal combination of annuitizing age and wealth in terms of percentage of net wealth at the time of retirement. A nonlinear optimization model is formulated with the objective of maximizing utility on consumption and bequest, and the dynamic programming (DP) technique is used to solve this problem. We find that there exist consistent patterns in optimal combinations of annuitizing age and wealth. Also, for all cases the optimal combination is significantly better than several other combinations. The results indicate that using the optimal approach can be beneficial to practitioners in insurance industry and prospective purchasers of life annuity. We conclude the paper with some discussions and suggestions.