• Management & Information Systems Review
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• v.33 no.2
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• pp.301-315
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• 2014

The purpose of this study is to estimate the economic value of the Kumjung Mountain, using a Individual Travel Cost Model(ITCM). This paper compares Poisson and negative binomial count data models to measure the tourism demands. Interviewers were instructed to interview only individuals. So the sample was taken in 700. A dependent variable that is defined on the non-negative integers and subject to sampling truncation is the result of a truncated count data process. The results suggest that the truncated negative binomial model is improved overdispersion problem and more preferred than the other models in the study. This study emphasizes in particular 'travel cost' that is not only monetary cost but also including opportunity cost of 'travel time'. According to the truncated negative binomial model, estimates the Consumer Surplus(CS) values per trip of about 60,669 Korean won and the total economic value was estimated to be 252,383 Korean won.

• Journal of Korean Society for Quality Management
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• v.17 no.2
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• pp.142-148
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• 1989

In order to determine the level of service which minimizes the total of expected cost of service and the expected cost of waiting for that service, the important considerations are to evaluate the distance traveled to and from a service facility (D) and the expected number of mechanics in queueing system (L). The travel-time models are very useful when the servers must travel to the customer from the service facility. Thus, in this paper we studied on the determination of the optimal service level by the travel-time models. In order to decide the optimal service level, (D) has been introduced as a uniform distribution and (L) has been introduced as M/M/S model of queueing theory.

• Proceedings of the KSR Conference
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• 2010.06a
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• pp.2297-2302
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• 2010

The status and effectiveness of Bi-modal Tram is analyzed through the comparison of the transport effectiveness and operation cost between the public transportation systems (bus, light rail transit) considering the vehicle and operation characteristic of new transit system Bi-modal Tram. The standard operation schedule is established in consideration of the vehicle specification and operation characteristic of main public transportation modes, and then the annual average operation cost is estimated depending on the volume, speed, analysis length for respective public transportation mode. Through analyzing the operation cost and distribution characteristic of public transportation modes depending on the transport volume and travel speed, the operational efficiency suitable for the city is derived. It is concluded that the operational efficiency of Bi-modal Tram is superior to that of the bus and light rail transit on the aspect of travel volume and operation speed.

• Journal of Korean Society of Transportation
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• v.28 no.6
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• pp.159-166
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• 2010

Trip distribution is to connect travel demand for each OD pair based on travel cost, trip production and attraction derived from trip generation step. In real world the travel cost is a function of travel demand, but existing models could not fully consider such functional relation between travel cost and demand, which leads to an equilibrium in trip distribution model. This paper proves the equilibrium trip distribution by using gravity model. In order to obtain such equilibrium this paper also presents a solution algorithm based on fixed point theorem. The algorithm will be tested with an example and confirmed the equilibrium solution of trip distribution.

• Journal of the military operations research society of Korea
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• v.26 no.1
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• pp.89-99
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• 2000

This paper deals with a heuristic algorithm for the vehicle routing-scheduling problem to minimize the total travel distance and the total cost. Because the aim of the Clarke-Wright method, one of famous heuristic methods, is to minimize the total travel distance of vehicles, it cannot consider the cost if the cost and the travel distance is not proportional. In the Clarke-Wright method, the route of each vehicle is found by using the saving matrix which is made by an assumption that the vehicle comes back to the starting point. The problem dealt with in the paper, however, does not need the vehicle to come back because each vehicle has its hoping-start-points and hoping-destination-points. Therefore we need a different saving matrix appropriate to this occasion. We propose a method to find an initial solution by applying network simplex method after transforming the vehicle routing-scheduling problem into the minimum cost problem. Moreover, we propose a method to minimize the total travel distance by using the modified saving matrix which is appropriate to no-return occasion and the method for the case of plural types of vehicles and freights.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.6D
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• pp.599-604
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• 2010

In this study, the value of travel time was estimated with reflecting the fuel cost according to travel distance. The main objective of this study is whether the addition of the fuel cost as a factor for route choice behavior is appropriate or not, through the stated preference survey. The route choice model was developed using SP survey technique with the consideration of level difference and the value of travel time, toll and fuel costs. Consequently, the fuel cost is identified as a main factor like travel time and toll cost in choosing routes from drivers' viewpoints. Nevertheless, since toll costs are recognized as out-of-pocket expenses whereas fuel costs as periodical expenses, it seems drivers are more sensitive to toll than fuel costs.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.20 no.1
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• pp.22-39
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• 2021

This study estimated mode choice models for access travel and neighborhood travel from an SP survey in metropolitan areas where shared e-scooter services are offered. Model results show that travel time and travel cost have negative effects on mode utility. It is also revealed that people are more sensitive to travel time in access travel, whereas they are more influenced by travel cost in neighborhood travel. Looking at individual and household attributes, it has a positive effect when under 40 yerars of age, owning bikes, being a public transportation user, while it has been shown a negative effect in less than 3 million won in monthly household income and owning individual cars.

• Journal of Environmental Impact Assessment
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• v.22 no.4
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• pp.291-302
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• 2013

The aim of this study is to assess the social value of Ham-Pyung Butterfly Festival in the year of 2011. The tool for the assesment is the zonal travel cost method. The result of the study can be summed up as follows; First, the average individual consumer's surplus measures approximately from 29,700 to 30,100 Won. Second, the total consumer's surplus, that is the social value of the festival, ranges approximately from 7.6 to 7.7 billion Won. The most beneficiary of the event is turned up to be the people who are living in the outside of Ham-Pyung and go on a tour there. For that reason, the central government looks to have the obligation to support and to sponsor the festival.

• Journal of the Korea Safety Management & Science
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• v.12 no.1
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• pp.119-126
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• 2010

This paper presents an economic analysis for the travel aids service system for visually handicapped persons through RFID (Radio Frequency Identification). This research estimates both cost and economic effect of the service. By using input-output analysis technique, three kinds of repercussion effects - domestic production, value added, and workers induced by the travel aids service - are also calculated. To evaluate the profitability of the service, we investigate the procedures through which the service has an effect on the interested parties and develop formulas describing the procedures. The benefit of the service have been generally obtained by measuring the willingness to pay (WTP). This paper, however, obtains the monetary value of benefit by estimating the parameters of the formulas, so that a close improvement of the service may be possible with the result of the economic analysis.

• Journal of Korean Society of Transportation
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• v.26 no.3
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• pp.145-153
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• 2008

This study proposes a facility location model in consideration of spatial coverage and travel cost as an effort to make objective and effective decisions of natural gas filling stations. The proposed model is developed for fixed stations and consists of two stages. The first stage employs a heuristic algorithm to find a set of locations which satisfy the spatial coverage constraints determined by the maximum travel distance between the filling stations and bus depots. In the second stage, the optimal location of filling stations is determined based on the minimum travel cost estimated by using a modified transportation problem as well as the construction and maintenance costs of the filling stations. The applicability of the model is analyzed through finding the optimal location of filling stations for the city of Anyang, a typical medium-sized city in metropolitan Seoul, based on the demand of natural gas buses. This study is expected to help promote the spread of natural gas buses by providing a starting point of a objective and reasonable methodological perspective to address the filling station location problem.