• Title/Summary/Keyword: Total demand

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Demand Analysis of Clothing and Footwear: The Effects of Price, Total Consumption Expenditures and Economic Crisis

  • Kim, Kisung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.36 no.12
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    • pp.1285-1296
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    • 2012
  • This study investigates the effects of changes in price, total consumption expenditures and economic sitations on Korean household demands for clothing and footwear using time-series data. The clothing and footwear category was reclassified as clothing, footwear and clothing services items for the demand analysis. This study utilized the Linearized Almost Ideal Demand System (LAIDS) model to analyze household demand. The results indicate that price and total consumption expenditures are significantly related to Korean household consumption expenditure allocations for clothing and footwear items. The effects of the IMF bailout crisis in 1997 and the global financial crisis in 2008 on household expenditure shares for clothing and footwear items were very weak and statistically insignificant. All the demand elasticities were estimated with respect to total consumption expenditures and prices. Clothing was expenditure elastic (greater than one) and other items were classified as inelastic. All the own price elasticities of demands were negative (other than clothing). Through the estimations of cross price elasticity the relationships between the demands for items and other item prices were evaluated (i.e., substitutes and complements).

Generator Scheduling Considering System's Reliability and Demand Response (시스템의 신뢰도와 수요 반응을 고려한 발전 운영)

  • Kwag, Hyung-Geun;Kim, Jin-O
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.5
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    • pp.929-935
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    • 2011
  • Customers hardly change to electric prices in old days because electricity is essential commodity, while demand changes with price after deregulation. It's explained by price-based demand response with demand-elasticity matrix. Also all of the customers have had identical demand-price elasticity matrix till now. But in a practical power system, various customers are present with taking a variety of demand-price elasticity. Therefore this paper proposes demand-price sensitivity to represent different demand-price elasticity. Also as proposing demand-reliability sensitivity, it is modeling various customers' characteristics to reliability. And then this paper calculates total expected interruption cost of customer from the customer interruption cost and the demand-reliability sensitivity. A total expected interruption cost of system is shown as opportunity cost of a generation cost.

Generalized Replacement Demand Forecasting to Complement Diffusion Models

  • Chung, Kyu-Suk;Park, Sung-Joo
    • Journal of Korean Institute of Industrial Engineers
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    • v.14 no.1
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    • pp.103-117
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    • 1988
  • Replacement demand plays an important role to forecast the total demand of durable goods, while most of the diffusion models deal with only adoption data, namely initial purchase demand. This paper presents replacement demand forecasting models incorporating repurchase rate, multi-ownership, and dynamic product life to complement the existing diffusion models. The performance of replacement demand forecasting models are analyzed and practical guidelines for the application of the models are suggested when life distribution data or adoption data are not available.

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A Study on the Long-Term Forecast of Timber demand in Korea (우리나라 목재수요의 장기예측에 관한 연구)

  • Lee, Byeong-Yil;Kim, Se-Bln;Kwon, Yong-Dae
    • Korean Journal of Agricultural Science
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    • v.25 no.1
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    • pp.41-51
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    • 1998
  • This study not only carried out to grasp about the sununarized characteristics of the relationship between international timber market and production trend of wood products, but also focused on the analysis of korean wood demand and the long-term forecast with econometric analysis. The result of regression analysis for wood demand in Korea is that coniferous roundwood demand(CIWD) is explained by coniferous foreign roundwood price(CWRI), Gross domestic product(GDP), a dummy variable. Non-coniferous roundwood demand(NCIWD)is explained by non-coniferous roundwood price(NCWRI), coniferous roundwood price(CWRI), a dummy variable. As the result of long-term forecast by base case, the total roundwood demand was forecasted $11,107,000m^3$ in the year 2000, $11,781,000m^3$ in 2005, $12,565,000m^3$ in 2010. As the result of scenario 1, total roundwood demand was forecasted $11,027,000m^3$ in 2000, $11,435,000m^3$ in 2005, $11,952,000m^3$ in 2010. And as the result by scenario 2, total roundwood demand was forecasted $11,341,000m^3$ in 2000, $12,208,000m^3$ in 2005 $13,257,000m^3$ in 2010.

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덕유산 국립공원의 이용특성 및 휴양편익에 관한 연구

  • Yun, Yeo-Chang
    • 공원문화
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    • s.26
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    • pp.26-32
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    • 1984
  • There have been few researches on the factors affecting forest recreation demand and demand for and value of forest recreation in Korea. This study has three main objectives as follows; First, to introduce the nature of recreation demand, the factors affecting forest recreation demand, and the methods of measuring demand for and benefits from forest recreation by reviewing related literatures. Secondly, to investigate the visitors' characteristics, patterns of recreation activities, and their attitudes for the recreation environments at the Deogyu National Park through interviewing them with the questionaire. Thirdly, to estimate the demand for and benefits of forest recreation at the National Park by Travel Cost Method. The survey was dealt by three trained interviewers at the enterance of the park for 5 days from September 26 to October 10, 1982. The 430 respondents were sampled randomly among 9,391 visitors with 4.6% of sampling rate. As the results, the study revealed that most of visitors to Deogyu National Park were from urban areas and belonged to the intermediate-upper income classes, and that most of them traveled more than 250 km or 4 hours to the site from their origins. And more respondents answered that the recreation environments of the cite were more or less better than other recreation areas. From the date of travel distances and participation rates of 13 cities or counties, the demand schedule of forest recreation at the National Park was established. The estimated equation of total experience demand curve is; Log $VR_i$ 2.6353 – 1.021 Log $D_i$ $R^2=0.9451$ where, $VR_i$ $(%\times1000)$ = Participation rate of the ith origin $D_i$ (km) = Travel distance from the ith origin From the total experience demand curve, the demand curve of recreation resources was built by adding travel cost in distance (km). The regression equation of the recreation resources at the Nation park is; Log V = 4.0304 – 0.8167 Log D $R^2=0.9060$ From the demand schedule of recreation resources, the recreational bendfits of Deogyu National Park was estimated. The estimated bendfits to a visitor from the forest is equivalent to the travel cost of 2,372 km. The study also found out that the demand for recreation resources was less elastic than the demand for the total recreation experience at the Deogyu National Park.

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A study on Development of Korean - Energy System Management Model for Effect Analysis of Integrated Demand Management (통합수요관리 효과분석을 위한 한국형 Energy System Management 모형 개발에 관한 연구)

  • Kim, Yong-Ha;Jo, Hyun-Mi;Kim, Ui-Gyeong;Yoo, Jeong-Hui;Kim, Dong-Gun;Woo, Sung-Min
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.60 no.6
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    • pp.1103-1111
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    • 2011
  • This paper is developed to Energy Balance Flow show the flow of total energy resource be used nationally. The Energy Balance Flow is applicable of demand management factor through the analysis of foreign energy model of supply and demand and energy statistic data in the country. This study is based on and developed to Energy system management model is able to appraisal efficient of energy cost cutting, CO2 emission reduction and Energy saving at the national level calculated effect reached amount of primary energy to change of energy flow followed application of demand side management factor is able to appraisal quantitatively at the total energy to model of demand and supply.

Scenario Analysis of Natural Gas Demand for Electricity Generation in Korea (전력수급기본계획의 불확실성과 CO2 배출 목표를 고려한 발전용 천연가스 장기전망과 대책)

  • Park, Jong-Bae;Roh, Jea Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.63 no.11
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    • pp.1503-1510
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    • 2014
  • This study organizes scenarios on the power supply plans and electricity load forecasts considering their uncertainties and estimates natural gas quantity for electricity generation, total electricity supply cost and air pollutant emission of each scenario. Also the analysis is performed to check the properness of government's natural gas demand forecast and the possibility of achieving the government's CO2 emission target with the current plan and other scenarios. In result, no scenario satisfies the government's CO2 emission target and the natural gas demand could be doubled to the government's forecast. As under-forecast of natural gas demand has caused the increased natural gas procurement cost, it is required to consider uncertainties of power plant construction plan and electricity demand forecast in forecasting the natural gas demand. In addition, it is found that CO2 emission target could be achieved by enlarging natural gas use and demand-side management without big increase of total costs.

Analysis of the Income and Price Elasticities of Timber Demand in Korea (목재수요(木材需要)의 소득(所得) 및 가격탄력성(價格彈力性) 분석(分析))

  • Park, Myong Kyu;Park, Suck Hee
    • Journal of Korean Society of Forest Science
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    • v.54 no.1
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    • pp.41-48
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    • 1981
  • The income and price elasticities of the timber demand for the 27 years (1953~79) in Korea were analyzed by the 3 economic growth stages - in 1953~61, in 1962~71, in 1972~79-. The results obtained are as follows : 1. In 1953~79, the income and price elasticities of the total timber demand were respectively 1.87 and -0.47 ; those of the domestic timber demand were respectively 0.09 and -0.30 ; those of the foreign timber demand were respectively 2.50 and -0.11. 2. In 1953~61, the income and price elasticities of the total timber demand were respectively 2.11 and -0.86 ; those of the domestic timber demand were respectively -2.94 and -0.57 ; those of the foreign timber demand were respectively 1.20 and 0.43. 3. In 1962~71, the income and price elasticities of the total timber demand were respectively 2.89 and -0.20 ; those of the domestic timber demand were respectively 1.38 and -0.25 ; those of the foreign timber demand were respectively 3.54 and -0.42. 4. In 1972~79, the income and price elasticities of the total timber demand were respectively 1.07 and 0.17 ; those of the domestic timber demand were respectively 1.12 and 0.12 ; those of the foreign timber demand were respectively 1.22 and 0.17.

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A Families's Burden on a Cerebrovascular Accident Patient and the Demand for Nursing Home (뇌혈관질환자 가족의 부담감과 가정간호 요구도)

  • Cho, Kyung-Hee;Kim, Kyung-Hee
    • The Journal of Korean Academic Society of Nursing Education
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    • v.12 no.1
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    • pp.95-103
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    • 2006
  • Purpose: This is to find out the correlation between a families burden on a cerebrovascular accident patient and the demand for nursing home. Method: The data was established by using structured questionnaires for 102 nursing families of cerebrovascular accident patient at three university hospitals. Result: 1) The total burden was showed to be at 3.21, which was some what higher than average. Total average of demand for nursing home was at 3.30, which was higher than average. 2) This showed static correlations between the economic, social, physical dependent and psychological burden, and demand for nursing home. The result represents that the higher burden showed a significantly positive correlation to the higher demand for nursing home. Conclusion: If a systemic support of nursing home is prepared the differentiated nursing home matched perfectly on each burden, the burden on a family of the patient can be decreased effectively.

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Effect of Customer Demand on Total Inventory Cost and Order Fill Rate in a Supply Chain (고객 수요가 공급 사슬의 총재고비용과 주문만족율에 미치는 영향)

  • Park, Kyoung-Jong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.32 no.3
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    • pp.93-98
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    • 2009
  • This paper studies that $\sigma$ values(10, 20, 50) and $\rho$ values(-0.6, -0.3, 0.0, 0.3, 0.6) affect the total inventory cost of a supply chain and order fill rate when the market demand process follows a general auto-correlated AR(1) process without seasonality. $\sigma$ indicates the degree of demand fluctuation and $\rho$ means the trend of demand. ANOVA tests using a 5% significance level are performed in SPSS to examine significant performance changes among various cases.