• Title/Summary/Keyword: Surplus production

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An Analysis on the Determinants of Employment in Chinese Economy (중국경제의 고용결정요인분석)

  • Yoo, Il-Seon
    • International Area Studies Review
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    • v.15 no.2
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    • pp.175-196
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    • 2011
  • The developing countries have a lot of dormant resources, attempting the take-off of economic growth. The theory of 'vent for surplus' and Lewis model provide a good cornerstones to analyze the effect of export, FDI and domestic production on employment. This paper attempts to do empirical test to figure out what factor is significant as the determinant of Chinese employment. For this test, the estimation equations are derived from the Cobb-Douglas production function. The results are that the domestic production affects the most positive employment, compared to FDI and export. Unlikely general expectation, export doesn't have an substantial effect on employment in China. It is also found that the absorption of technology through export is lower than that of FDI in terms of the effect of technology on employment. So it is suggested that the employment policy should be shifted toward the increase of domestic production by using FDI rather than by promoting export industry. to reduce the internal imbalance.

A State-space Production Assessment Model with a Joint Prior Based on Population Resilience: Illustration with the Common Squid Todarodes pacificus Stock (자원복원력 개념을 적용한 사전확률분포 및 상태공간 잉여생산 평가모델: 살오징어(Todarodes pacificus) 개체군 자원평가)

  • Gim, Jinwoo;Hyun, Saang-Yoon;Yoon, Sang Chul
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.55 no.2
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    • pp.183-188
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    • 2022
  • It is a difficult task to estimate parameters in even a simple stock assessment model such as a surplus production model, using only data about temporal catch-per-unit-effort (CPUE) (or survey index) and fishery yields. Such difficulty is exacerbated when time-varying parameters are treated as random effects (aka state variables). To overcome the difficulty, previous studies incorporated somewhat subjective assumptions (e.g., B1=K) or informative priors of parameters. A key is how to build an objective joint prior of parameters, reducing subjectivity. Given the limited data on temporal CPUEs and fishery yields from 1999-2020 for common squid Todarodes pacificus, we built a joint prior of only two parameters, intrinsic growth rate (r) and carrying capacity (K), based on the resilience level of the population (Froese et al., 2017), and used a Bayesian state-space production assessment model. We used template model builder (TMB), a R package for implementing the assessment model, and estimating all parameters in the model. The predicted annual biomass was in the range of 0.76×106 to 4.06×106 MT, the estimated MSY was 0.13×106 MT, the estimated r was 0.24, and the estimated K was 2.10×106 MT.

Reduction of Nitrogen and Phosphorus from Livestock Waste A Major Priority for Intensive Animal Production - Review -

  • Yano, F.;Nakajima, T.;Matsuda, M.
    • Asian-Australasian Journal of Animal Sciences
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    • v.12 no.4
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    • pp.651-656
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    • 1999
  • In current animal production in Japan, a large surplus of nitrogen and phosphorus is given to animals as their feed which are mostly imported from outside of our own country. Today, an excess of nitrogen and phosphorus from animal manure has been spread out of the area of animal production and the surroundings. These components have become the major reason for eutrophication of ground, surface and inland water. Nutritional studies for the reduction of nitrogen and phosphorus from animal waste has been done by many researchers. The reduction of excess protein in animal feed and the supplementation of deficient essential amino acids to feed have a possibility to increase the biological value of feed and to reduce nitrogen excretion, especially, via urine. The use of phytase activity to degrade phytate and to release utilizable inorganic phosphorus make it possible to cut an excess supply of feed additive inorganic phosphorus and to reduce phosphorus excretion from animal waste.

EMDTC model Development of Solar-Powered Hydrogen Production system (PV-SPE 시스템 최적 운전 기법에 관한 연구)

  • Lee, Dong-Han;Kim, Jong-Hyun;Park, Min-Won;Yu, In-Keun
    • Proceedings of the KIEE Conference
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    • 2005.04a
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    • pp.274-276
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    • 2005
  • This paper present an effective modeling scheme of SPE cell system for hydrogen production. As oxygen and hydrogen produced by water electrolysis using SPE are high purity, we can use oxygen in biomedical and hydrogen could be used in many ways. Recently, it is under the eye as a surplus power storage system. PSCAD/EMTDC model of SPE cell system for hydrogen production to efficiently utilize solar cell energy is showed in this paper. The simulated results are then verified by comparing them with the actual values obtained from the data acquisition system. Authors are sure that it is a useful method to the researchers who study SPE cell system for hydrogen production.

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Modeling of SPE cell for hydrogen production using EMTDC (EMTDC를 이용한 수소제조용 SPE 셀의 모델링)

  • Kim Se-Heon;Park Min-won;Yu In-Keun
    • Proceedings of the KIEE Conference
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    • summer
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    • pp.1495-1497
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    • 2004
  • This paper presents an effective modeling scheme of SPE cell system for hydrogen production. As oxygen and hydrogen produced by water electrolysis using SPE are high purity, we can use oxygen in biomedical and hydrogen could be used in many ways. Recently, it is under the eye as a surplus power storage system. PSCAD/EMTDC model of SPE cell system for hydrogen production to efficiently utilize Solar cell energy which produces effectively hydrogen energy is showed in this paper. The simulated results are then verified by comparing them with the actual values obtained from the data acquisition system. Authors are sure that it is a useful method to the researchers who study SPE cell system for hydrogen production.

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Current State of the Education, Starting Business of Farmstead Natural Cheese in Korea (한국 목장형 치즈 생산 교육, 창업 현황)

  • Cho, Sung-Gyun;Bae, In-Hyu
    • Journal of Dairy Science and Biotechnology
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    • v.24 no.2
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    • pp.11-20
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    • 2006
  • Korea dairy industry has a long and chronic problems to consume raw milk , those are surplus milk and decline the market milk consumption continued about 10 years. This study was aim to propose and to find the solution for dairy industry problems. After WTO system, with the importation of dairy products, domestic milk production has fell into the situation of excess supply and huge inventory of dried milk, the milk powder stocks have increased since 2002. That made a chronic decline milk consumption in Korea. The core of chronic problem of Korea dairy industry is the decreasing in market milk consumption. If they have a settlement of any other way using their raw milk to process and consumption to market milk, there will be a solution to solve the chronic problems in this situation. Especially, that will be a development of small farm scale natural cheese production and consume. This may be lead a situation of increase the raw milk consumption, because natural cheese making needs much of raw milk more than market milk. But there are very low technical level of farmers cheese making status, so they need a cheese making educational program for their commercial level of cheese products. Under these situation, there are needed a way out of educational system for the dairy farmers to obtain the high level of cheese making technology from the trustable and scientific organization. The natural cheese making technique of dairy farmers should be accumulated to get the consumers' solid recognition of high quality of natural cheese as LOHAS(Lifestyle Of Health And Sustainability) foods.

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Estimating Optimal Harvesting Production of Yellow Croaker Caught by Multiple Fisheries Using Hamiltonian Method (해밀토니안기법을 이용한 복수어업의 참조기 최적어획량 추정)

  • Nam, Jong-Oh;Sim, Seong-Hyun;Kwon, Oh-Min
    • The Journal of Fisheries Business Administration
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    • v.46 no.2
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    • pp.59-74
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    • 2015
  • This study aims to estimate optimal harvesting production, fishing efforts, and stock levels of yellow croaker caught by the offshore Stow Net and the offshore Gill Net fisheries using the current value Hamiltonian method and the surplus production model. As analyzing processes, firstly, this study uses the Gavaris general linear model to estimate standardized fishing efforts of yellow croaker caught by the above multiple fisheries. Secondly, this study applies the Clarke Yoshimoto Pooley(CY&P) model among the various exponential growth models to estimate intrinsic growth rate(r), environmental carrying capacity(K), and catchability coefficient(q) of yellow croaker which inhabits in offshore area of Korea. Thirdly, the study determines optimal harvesting production, fishing efforts, and stock levels of yellow croaker using the current value Hamiltonian method which is including average landing price of yellow croaker, average unit cost of fishing efforts, and social discount rate based on standard of the Korean Development Institute. Finally, this study tries sensitivity analysis to understand changes in optimal harvesting production, fishing efforts, and stock levels of yellow croaker caused by changes in economic and biological parameters. As results drawn by the current value Hamiltonian model, the optimal harvesting production, fishing efforts, and stock levels of yellow croaker caught by the multiple fisheries were estimated as 19,173 ton, 101,644 horse power, and 146,144 ton respectively. In addition, as results of sensitivity analysis, firstly, if the social discount rate and the average landing price of yellow croaker continuously increase, the optimal harvesting production of yellow croaker increases at decreasing rate and then finally slightly decreases due to decreases in stock levels of yellow croaker. Secondly, if the average unit cost of fishing efforts continuously increases, the optimal fishing efforts of the multiple fisheries decreases, but the optimal stock level of yellow croaker increases. The optimal harvest starts climbing and then continuously decreases due to increases in the average unit cost. Thirdly, when the intrinsic growth rate of yellow croaker increases, the optimal harvest, fishing efforts, and stock level all continuously increase. In conclusion, this study suggests that the optimal harvesting production and fishing efforts were much less than actual harvesting production(35,279 ton) and estimated standardized fishing efforts(175,512 horse power) in 2013. This result implies that yellow croaker has been overfished due to excessive fishing efforts. Efficient management and conservative policy on stock of yellow croaker need to be urgently implemented.

Estimation of the Optimal Harvest and Stock Assessment of Hairtail Caught by Multiple Fisheries (다수어업의 갈치 자원평가 및 최적어획량 추정)

  • Nam, Jongoh;Cho, Hoonseok
    • Ocean and Polar Research
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    • v.40 no.4
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    • pp.237-247
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    • 2018
  • This study aims to estimate optimal harvests, fishing efforts, and stock levels of hairtail harvested by the large pair bottom trawl, the large otter trawl, the large purse seine, the offshore long line, and the offshore angling fisheries by using the surplus production models and the current value Hamiltonian method. Processes of this study are as follows. First of all, this study estimates the standardized fishing efforts regarding the harvesting of the hairtail by the above five fishing gears based on the general linear model developed by Gavaris. Secondly, this study estimates environmental carrying capacity (k), intrinsic growth rate (r), and catchability coefficient (q) by applying the Clarke Yoshimoto Pooley (CY&P) model among various surplus production models. Thirdly, this study estimates the optimal harvests, fishing efforts, and stock levels regarding the hairtail by the current value Hamiltonian method, including the average landing price, the average unit cost, and the social discount rate. Finally, this study attempts a sensitivity analysis to figure out changes in optimal harvests, fishing efforts, and stock levels due to changes in the average landing price and the average unit cost. As results induced by the current value Hamiltonian method, the optimal harvests, fishing efforts, and stock levels regarding the hairtail caught by several fishing gears were estimated as 33,133 tons, 901,080 horse power, and 79,877 tons, respectively. In addition, from the results of the sensitivity analysis, first of all, if the average landing price of the hairtail constantly increases, the optimal harvests of it increase at a decreasing rate, and then harvests finally slightly decrease as a result of decreases in stock levels. Secondly, if the average unit cost of fishing efforts continuously increases, the optimal fishing efforts decreases, but optimal stock levels increase. Optimal harvests start climbing and then decrease continuously due to increases in the average unit cost. In summary, this study suggests that the optimal harvests (33,133 tons) were larger than actual harvests (25,133 tons), but the optimal fishing efforts (901,080 horse power) were much less than estimated standardized fishing efforts (1,277,284 horse power), corresponding to the average of the recent three years (2014-2016). This result implies that the hairtail has been inefficiently harvested and recently overfished due to excessive fishing efforts. Efficient management and conservation policies on stock levels need to be urgently implemented. Some appropriate strategies would be to include the hairtail in the Korean TAC species or to extend the closed fishing season for this species.

The Effects of National Policies on Food Consumption Patterns in the 1950's - This Study Focused on Articles Written between $1950{\sim}1959$ - (1950년대 국가정책이 음식소비문화에 미친 영향 - 신문기사를 중심으로($1950{\sim}1959$) -)

  • Kim, Mi-Hye;Chung, Hae-Kyung
    • Journal of the Korean Society of Food Culture
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    • v.24 no.1
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    • pp.10-22
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    • 2009
  • This study was conducted to evaluate changes in food consumption during the 1950's on the basis of articles that reflected national policy and changes in society during that time period. Many factors are involved in the development and changes in food consumption culture, and these factors can affect each other. As a result, the process involved in the development of food consumption culture acts as a living system. This study evaluated the food consumption culture during the 1950's because this period was subjected to obvious influences that may explain the modern food consumption market logic and commercialism. Changes in the national food consumption are dependent on natural changes such as income enlargement or cultural exchange with a foreign country. Accordingly, food consumption during the 1950's was influenced by changes in economical, social, and political needs. In addition, the influx of surplus agricultural products from the United States had an adverse effect on local agriculture and resulted in an increased external dependence on food during the 1950s. Moreover, the import of raw materials and simple manufacturing techniques led to the development of an industrial food processing industry that enabled accelerated mass production of food at a low-price. Furthermore, the importation of surplus agricultural products from the United States that were used as the raw materials for foods that had traditionally been produced domestically led to an increased burden and qualitative decline in the local food-service industry. Taken together, the results of this study indicate that during the 1950's fresh food began to be replaced with processed foods in Korea.

Application Case of Safety Stock Policy based on Demand Forecast Data Analysis (수요예측 데이터 분석에 기반한 안전재고 방법론의 현장 적용 및 효과)

  • Park, Hung-Su;Choi, Woo-Yong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.3
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    • pp.61-67
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    • 2020
  • The fourth industrial revolution encourages manufacturing industry to pursue a new paradigm shift to meet customers' diverse demands by managing the production process efficiently. However, it is not easy to manage efficiently a variety of tasks of all the processes including materials management, production management, process control, sales management, and inventory management. Especially, to set up an efficient production schedule and maintain appropriate inventory is crucial for tailored response to customers' needs. This paper deals with the optimized inventory policy in a steel company that produces granule products under supply contracts of three targeted on-time delivery rates. For efficient inventory management, products are classified into three groups A, B and C, and three differentiated production cycles and safety factors are assumed for the targeted on-time delivery rates of the groups. To derive the optimized inventory policy, we experimented eight cases of combined safety stock and data analysis methods in terms of key performance metrics such as mean inventory level and sold-out rate. Through simulation experiments based on real data we find that the proposed optimized inventory policy reduces inventory level by about 9%, and increases surplus production capacity rate, which is usually used for the production of products in Group C, from 43.4% to 46.3%, compared with the existing inventory policy.