• Title/Summary/Keyword: Short Production Run

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The Role of Water Utility Industry to the National Economy (수도사업의 국민경제적 역할분석)

  • Kim, Tae-Yu;Yu, Seung-Hun;Heo, Eun-Nyeong
    • Journal of Korea Water Resources Association
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    • v.30 no.4
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    • pp.367-377
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    • 1997
  • In order to set public policy to overcome 'water crises' on both quantity and quality of water, we looked into the national-economic role of Korea water utility by two approaches. First, we examined the relationship between water consumption and economic growth during 1978-94, a period of rapid increase in water consumption caused by prompt industrialization and urbanization. The price and income elasticities of aggregate and sectoral demand for water were estimated. Second, we developed a static input-output(I-O) framework for analysing water issues in the short run. In addition, we discussed two topics in its application: i) sectoral failure(shortage) costs by supply-driven I-O model, ii) Leontief price model's sectoral pervasive effects of price due to rise in water rate. In conclusion, we found that investments to water sector and water shortage has a big influence on the standard of living and industrial production. Also we found that raising water rate to encourage conservation or to create investment funds decreases demand for water significantly but has a small influence on overall price levels.

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A Study on the Effectiveness of Sanctions against Russian Energy Sector-Focusing on the Oil and Gas Sector (대러 에너지 제재의 효과성에 대한 연구 -석유가스 부문을 중심으로)

  • Won-Soon Kwon;Ju-young Ko
    • Korea Trade Review
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    • v.48 no.1
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    • pp.165-191
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    • 2023
  • The US and EU have imposed energy sanctions on the Russian oil and gas sector in response to the Ukraine crisis. One of the key measures is to cut oil and gas imports from Russia. The US and EU are both the senders of sanctions against Russia. However, there is a fundamental difference between them. While the US is the net oil and gas exporter, most EU member states are heavily dependent on Russian oil and gas. If the US and other major oil and gas exporting countries can replace Russia in the EU energy market, the effectiveness of energy sanctions against Russia can be guaranteed. Our result shows that it is difficult for the major oil and gas exporters to fully replace Russia in the short run because of the lack of additional production capacity and infrastructure. We conclude that the US and EU's energy sanctions against Russia can not guarantee its effectiveness. We argue that other measures, such as diplomacy, should be taken to settle the conflicts in Ukraine.

The Development of Iodine-123 with MC-50 Cyclotron (MC-50 싸이클로트론을 이용한 $^{123}I$ 제법 연구)

  • Suh, Yong-Sup;Yang, Seung-Tae;Chun, Kown-Soo;Lee, Jong-Doo;Han, Hyon-Soo
    • The Korean Journal of Nuclear Medicine
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    • v.25 no.2
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    • pp.286-293
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    • 1991
  • $^{123}I$, which is applied for the thyroid and other in vivo kinetic study, has a special role in life sciences. The 159 KeV $\gamma-ray$ from $^{123}I$ is almost ideally appropriate for the current imaging instrumentation. Its decay mode (electron capture) and short half-life (13.3 hr) reduced the burden of radiation dose to the patients, and its chemical property makes it easy to synthesize the labelling compounds. In this experiment, the production of $^{123}I$ via the nuclear reaction $^{124}Te(p,2n)^{123}I$ with 28 MeV protons was sutdied. $TeO_2$ is used as a target material, because it has good physical properties. The target was prepared with $TeO_2$ powder and was molten into a ellipsoidal cavity (a=14 mm, b=10 mm, $270.8mg/cm^2$ thick) of pure platinum. The irradiation was carried out in the external proton beam with incident energies range from 28 MeV to 22 MeV, and current was $30{\mu}A$. The loss of $TeO_2$ target was significantly reduced by using $4\pi-cooling$ system in irradiation. The dry distillation method was adopted for the separation of $^{123}I$ from irradiated target, and when it was kept 5 minutes at $780^{\circ}C$, its result was quantitative. The loss of the target material $(TeO_2)$ was below 0.2% for each production run and $^{123}I$ from the dry distillation apparatus was captured with 0.01 N NaOH in $Na^{123}I$ form, then the pH of the solution was adjusted to $7.5\sim9.0$ with HC1/NaOH. The $Na^{123}I$ solution was passed through $0.2{\mu}m$ membrane filter, and sterilized under high pressure and temperature for 30 minutes. The production of $^{123}I$ is acceptable for clinical application based on the quality of USP XXI.

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Analysis of Export Behaviors of Busan, Incheon and Gwangyang Port (부산항, 인천항, 광양항의 수출행태분석)

  • Mo, Soowon;Chung, Hongyoung;Lee, Kwangbae
    • Journal of Korea Port Economic Association
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    • v.32 no.3
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    • pp.35-46
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    • 2016
  • This study investigates the export behavior of Busan, Gwangyang and Incheon Port. The monthly data cover the period from January 2000 to December 2015. We employ six export functions composed of various exchange rates and industrial production index. This paper finds that the nominal effective exchange rate is more appropriate for explaining the export behaviors of the three ports, regardless of the narrow and wide indices which comprise 26 and 61 economies for the nominal and real indices respectively. This paper tests whether exchange rate and industrial production are stationary or not, rejecting the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. The error-correction model is estimated to find that both Gwangyang and Incheon ports are much slower than Busan port in adjusting the short-run disequilibrium and Gwangyang port is a little slower than Incheon port. The rolling regressions show that the influence of exchange rate as well as industrial production tends to decrease in all of three ports. The variance decomposition, however, shows that the export variables are very exogenous and the export of Busan Port is the least exogenous and that of Gwangyang Port the most. This result indicates that the economic variables such as exchange rate and economic activity affect the export of Busan Port more strongly than that of Gwangyang and Incheon Port.

An Economic Review on the Short-run Storability of Field Citrus in Jeju (노지감귤 단기 저장가능성에 대한 경제적 효과 검토)

  • Ahn, Kyeong Ah;Moon, Tae Wan;Kim, Bae Sung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.8
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    • pp.392-402
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    • 2018
  • Citrus fruits can be classified as field citrus, greenhouse citrus, citrus produced by rain proof cultivation and late-harvested citrus such as Hallabong, Chunhaehyang, and Jinjihyang according to cultivation method or variety in Jeju province of Korea. The consumption of late-harvested citrus has been increasing steadily since 1990 because the sugar content of the fruits is ordinary higher than field citrus. The cultivation land of citrus produced by rain proof cultivation has been also enlarged continuously aided by Korean government support program and quality increasing effect of this cultivation method. However, the cultivation land of field citrus has been decreasing since 2010. In spite of such a decrease of cultivation land, recently the price of field citrus rather declined according to increasing of yield per 10a. For the estimation and forecast of the long-term supply-demand model in the field citrus, we constructed a partial balance model for the individual field citrus and estimated individual equation in each item's model by using the econometric method. As a result of the production storage scenario analysis, the cultivation area is expected to store 5%(14.49ha), 10%(14.97ha). 15%(15.50ha) of citrus production in 2027. This study reviews the structure of storage, and storability in Jeju field citrus and suggest several policy implications.

The Behavioral Analysis of the Trading Volumes of Gwangyang Port: Comparison with Incheon and Pyeongtaek-Dangjin Port (광양항의 물동량 행태분석: 인천항, 평택.당진항과 비교)

  • Mo, Soowon
    • Journal of Korea Port Economic Association
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    • v.28 no.3
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    • pp.111-125
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    • 2012
  • This study investigates the behavioral characteristic difference of the container volumes of three ports-Gwangyang, Incheon, and Pyeongtaek-Dangjin. All series span the period January 2003 to December 2011. I first test whether the series are stationary or not. I can reject the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. I hitherto make use of error-correction model and find that Gwangyang port is the slowest in adjusting the short-run disequilibrium, whereas the adjustment speed of Incheon is much faster than that of Gwangyang. The impulse response functions indicate that container volumes increase only a little to the negative shocks in exchange rate, while they respond positively to the shocks in the business activity in a great magnitude and decay very slowly to its pre-shock level. meaning that the shocks last very long. The accumulative response to the exchange rate increase of 20 won per dollar and the 5 point industrial production increase is the smallest in Gwangyang, no more than a half of that of two ports. The intervention-ARIMA models also forecast that Gwangyang port will have much lower growth rate than Incheon and Pyeongtaek-Dangjin port in trading volumes.

A Study on Netwotk Effect by using System Dynamics Analysis: A Case of Cyworld (시스템 다이내믹스 기법을 이용한 네트워크 효과 분석: 싸이월드 사례)

  • Kim, Ga-Hye;Yang, Hee-Dong
    • Information Systems Review
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    • v.11 no.1
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    • pp.161-179
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    • 2009
  • Nowadays an increasing number of Internet users are running individual websites as Blog or Cyworld. As this type of personal media has a great influence on communication among people, business comes to care about Network Effect, Network Software, and Social Network. For instance, Cyworld created the web service called 'Minihompy' for individual web-logs, and acquired 2.4milion users in 2007. Although many people assumed that the popularity of Minihompy, or Blog would be a passing fad, Cyworld has improved its service, and expanded its Network with various contents. This kind of expansion reflects survival efforts from infinite competitions among ISPs (Internet Service Provider) with focus on enhancing usability to users. However, Cyworld's Network Effect is gradually diminished in these days. Both of low production cost of service vendors and the low searching/conversing costs of users combine to make ISPs hard to keep their market share sustainable. To overcome this lackluster trend, Cyworld has adopted new strategies and try to lock their users in their service. Various efforts to improve the continuance and expansion of Network effect remain unclear and uncertain. If we understand beforehand how a service would improve Network effect, and which service could bring more effect, ISPs can get substantial help in launching their new business strategy. Regardless many diverse ideas to increase their user's duration online ISPs cannot guarantee 'how the new service strategies will end up in profitability. Therefore, this research studies about Network effect of Cyworld's 'Minihompy' using System-Dynamics method which could analyze dynamic relation between users and ISPs. Furthermore, the research aims to predict changes of Network Effect based on the strategy of new service. 'Page View' and 'Duration Time' can be enhanced for the short tenn because they enhance the service functionality. However, these services cannot increase the Network in the long-run. Limitations of this research include that we predict the future merely based on the limited data. We also limit the independent variables over Network Effect only to the following two issues: Increasing the number of users and increasing the Service Functionality. Despite of some limitations, this study perhaps gives some insights to the policy makers or others facing the stiff competition in the network business.