• Title/Summary/Keyword: Value of time

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A Study of the Value of Travel Time Reliability (통행시간 신뢰성 가치에 관한 연구)

  • Cho, Hanseon
    • International Journal of Highway Engineering
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    • v.15 no.4
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    • pp.155-165
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    • 2013
  • PURPOSES : Benefits for improvement of travel time reliability obtained from construction of new highways should be considered as a major factor in the feasibility study for highway constructions. The purpose of this study is to develop a method of estimation for the value of travel time reliability. METHODS : Highway type (urban/rural highway) and traffic flow type(interrupted/uninterrupted) was considered to estimate he value of travel time reliability. And Double-bounded Dichotomous Choice among Contingent Valuation Method(CVM) was applied to survey the willingness-to-pay of drivers when travel time reliability is improved. Finally the value of travel time reliability was estimated using the results of survey and logit model. The value of travel time reliability was estimated considering travel objectives, time constraint travel and non-time constraint travel. RESULTS: The value of travel time reliability of business trip is higher than that of non-business trip. The value of travel time reliability of time constraint travel is higher than that of non-time constraint travel. The value of travel time reliability in urban area is higher than that in rural area. CONCLUSIONS: It was concluded that the proposed method in this study is more realistic and proper to estimate the value of travel time reliability because it reflects the situations of time constraint travel and non-time constraint travel.

Estimation and Application of the Value of Travel Time by Time Period: A Case Study of Downtown Highway Expansion Project (시간대별 통행시간가치 추정 및 적용: 도심부 도로 확장 사업 사례연구를 중심으로)

  • Lee, Jae-Young;Choi, Keechoo
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.1D
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    • pp.7-15
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    • 2011
  • The travel time value is important factor for the evaluation of feasibility the transportation facility investment. The existing method for calculation of the travel time for each mode uses daily average trip purpose. So the value of travel time is constant because it is estimated with only daily average proportion. This daily constant time value can distort the results of future demands of toll roads or economic appraisals for the projects. The proportion of the trip purpose varies by time periods. Accordingly the value of travel time also varies by time periods. In this study, times periods are classified as morning peak, evening peak, business time off-peak, and non-business time off-peak. And trip purpose proportions are sorted by each time period from raw data of Seoul household trip study, then the value of travel time for each time period is estimated with these sorted purpose proportions. A case study of Seoul Jung-gu and Yongsan-gu performed with newly estimated time value by time periods. The result of benefit calculation with the daily constant time value is overestimated approximately annual 2.5 billion Won compared by time values by time periods. The demands of toll roads are also overestimated with the existing daily constant time value by daily 3,500 vehicles and total revenue of toll roads are overestimated by annually 1 billion Won. In conclusion, the value of travel time by each time period enables the more precise economic evaluation of the transportation facility investment projects, mode choice behavior, and route choice behavior especially for toll roads.

Estimation of the Setting Time of the Super Retarding Concrete Combining Mineral Admixtures (혼화재를 조합 사용한 초지연 콘크리트의 응결시간 추정)

  • Han, Min-Cheol
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.3
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    • pp.111-117
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    • 2008
  • This study provides the setting time prediction method of super retarding concrete incorporating mineral admixtures at the same time including fly ash(FA), blast furnace slag(BS) based on maturity method. The setting time was retarded, as super retarding agent contents increase and curing temperature decreases. In addition, apparent activation energy by Arrhenius function was ranged from $24{\sim}35KJ/mol$ with slightly difference along with mixture proportion. This value is smaller than existing value $30{\sim}50KJ/mol$. It is Indicated that equivalent age using setting time can be a proper method to predict setting time and it also exhibited comparable relativity between prediction value and measurement value. Therefore, this study provided setting time prediction value with super retarding agent contents and mineral admixture combination. Setting time prediction equation provided herein is possibly valid for estimating precise setting time of the super retarding concrete at the job site.

Customer's Time Orientation: Moderating Effects on the Service Convenience-Shopping Performance Linkages in Retail Contexts (고객의 시간 지향성: 소매업체에서의 서비스 편의성과 쇼핑 성과의 관계에 대한 조절효과)

  • Kim, Mi-Jeong;Park, Chul-Ju
    • Journal of Distribution Science
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    • v.14 no.2
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    • pp.123-133
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    • 2016
  • Purpose - Understanding how service convenience drives shopping performance is imperative for retailers such as department and large discount stores. Retailers have to enhance shopping productivity by reducing the costs of shopping, as convenience triggers customers' perceived shopping value, leading to customer satisfaction, and ultimately patronage behavior. Consumers, generally considering time as a scarce resource, are more sensitive to the time costs of tasks in regard to shopping trip, differently from forming perceptions of convenience in time orientation. Therefore, this study attempts to examine the moderating effects of consumers' time orientation on the relationships among service convenience of retailers and shopping performances such as shopping value and service performances. Research design, data, and methodology - The department and discount store chains were chosen as the point of analysis in this study. Data were collected from a survey of real-life consumers and all respondents were screened to ensure only those who had visited in the department and discount store chains within past six month prior to the day of data collection. Out of 600 self-reported surveys that were distributed, a total of 530 responses were returned and after excluding 20 incomplete responses, the final sample size was 510. The three hypotheses were proposed and tested in this study. The one hypothesis was on the moderating effects of time orientation for the effects of service convenience on shopping value (hedonic and utilitarian shopping value). The other two hypotheses were on the comparisons between high and low time-oriented customers with the effects in shopping value from service performance. Hierarchical moderated regression analysis was used to test the hypotheses. Results - The results suggest that the effect of service convenience on utilitarian shopping value and the positive effect of utilitarian shopping value on customer satisfaction are greater in low time orientation than high time orientation customers. Conversely, when customers are highly oriented toward time, the effects of hedonic shopping value on customer satisfaction and revisit intention are greater than for customers who are lowly oriented toward time. Conclusions - This study has two-fold significance. First, this study contributes to the consumer behavior and services marketing literature by incorporating customers' time orientation into the service convenience-shopping performance. Although the effect of service convenience on shopping performance might differ from customers' perceptions concerning shopping, there has been little investigation or comparison between customers' perception on time. This study is a first attempt to consider how the effects of service convenience on shopping value and service performance vary with differing levels of customers' time orientation. This study advances prior studies by showing that the service convenience-shopping value and service convenience-service performance relationships vary across different combinations of the customer's time orientation. The findings of this study suggest that the retailers need to enhance the experiential aspects of the stores for their high time-oriented customers. Conversely, for the low time-oriented customers, the retailers should boost the visual distinctiveness and ease of store navigation.

EIGENVALUES OF SECOND-ORDER VECTOR EQUATIONS ON TIME SCALES WITH BOUNDARY VALUE CONDITIONS

  • Wang, Yi
    • Journal of applied mathematics & informatics
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    • v.29 no.1_2
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    • pp.267-277
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    • 2011
  • This paper is concerned with eigenvalues of second-order vector equations on time scales with boundary value conditions. Properties of eigenvalues and matrix-valued solutions are studied. Relationships between eigenvalues of different boundary value problems are discussed.

Influence of Older Consumers' Future Time Perspective on the Intention to Purchase Masstige Brand Fashion Products

  • Hyeyoon BAE
    • The Journal of Economics, Marketing and Management
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    • v.11 no.4
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    • pp.89-99
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    • 2023
  • Purpose: This study explores the relationship between future time perspective and older consumers' masstige product consumption, specifically, their intention to purchase masstige brand products, with a focus on their motivational drives from an functional value and symbolic value perspective. Research design, data and methodology: Data were collected through an online questionnaire from 419 people aged 54 to 64 years in South Korea and the hypotheses were examined using structural equation modeling. Results: Our results indicated that middle-aged and older consumers who have expanded future time perspective have higher intention to purchase masstige brands and their functional value and symbolic value of masstige brands were found to mediate future time perspective and intention to purchase masstige brands. Conclusions: The findings offer insights into masstige brand consumption by older South Korean consumers that may be useful for both academics and marketers.

A Study on the Evaluation Method of the Life-Time Household Work (주부의 생애가사노동가치의 평가방법에 관한연구)

  • 김선희
    • Journal of the Korean Home Economics Association
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    • v.32 no.5
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    • pp.55-66
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    • 1994
  • The aim of this study is to propose the reasonable method of evaluation on the value of the life-time household work. for homemaker claim her share in the matrimonial property in relation to her life-time household work and to provide the basic data to measuring proper compensation for homemaker and calculating of the donation tax and inheritance tax amount. Tom compare the difference of the method of evaluation on the value of the life-time household work is evaluted by three methods: the model of the life-time household work which is reflected major variables in the FLC frame work marital stage, total marital period. The major findings are as follows: 1) Among the three evaluation me? The method of Total marital period is evaluatied the lowest value of the life-time household work. 2) The evaluation method of marital stage is more resonable method than the method of total marital period habe a convenience of evaluation but it dos'nt reflected major variables which influence the value of life-time household work. 3) the most resonable method of evaluation on the value of the life-time household work is revealed the model of the life-time household work which is reflected major variables in the FLC frame work the age of first and last offspring marital period.

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Implementation of Real Time 3 channel Transmission System Using ECG Data Compression Algorithm by Max-Min Slope Update (최대 및 최소 기울기 갱신에 의한 ECG 압축 알고리듬을 이용한 실시간 3채널 전송시스템 구현)

  • 조진호;김명남
    • Journal of Biomedical Engineering Research
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    • v.16 no.3
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    • pp.271-278
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    • 1995
  • An ECG data compression algorithM using max-min slope update is proposed and a real time 3 channel ECG transmission system is implemented using the proposed algorithm. In order to effectively compress ECG data, we compare a threshold value with the max-min slope difference (MMSD) which is updated at each sample values. If this MMSD value is smaller than the threshold value, then the data is compressed. Conversely, when the MMSD value is larger than threshold value, the data is transmitted after storing the value and the length between the data which is beyond previous threshold level. As a result, it can accurately compress both the region of QRS, P, and T wave that has fast-changing and the region of the base line that slope is changing slow. Therefore, it Is possible to enhance the compression rate and the percent roms difference. In addition, because of the simplicity, this algorithm is more suitable for real-time implementation.

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CSR Impact on the Firm Market Value: Evidence from Tour and Travel Companies Listed on Chinese Stock Markets

  • LEE, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.159-167
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    • 2020
  • The study examines the impact of corporate social responsibility (CSR) activity on the firm market value, in particular, market capitalization of tour operators listed on Chinese stock markets. This study employs panel data analysis methods to examine endogeneity concerns in observational data. The balanced panel data includes a total of 1,296 observations with 27 cross-sections of tour operators listed on Chinese stock markets and with 48 time-specific periods from March 2006 to December 2017. The results indicate that CSR activity has a negative impact on the market value of the firm for the concurrent period, but from one-period time lag and afterwards CSR activity has a strong positive impact on the market value and sustains its positive impact on the market value even for a two-period time lag. The findings suggest that the economic effect of CSR activity on the firm market value tends to take some degree of lagged effects to be fully showcased in the market capitalization of tour operators and travel companies listed on Chinese stock markets. The findings suggest that, though CSR activity may carry some financial risk for an immediate short-term, tour operators must put a lot of time and effort into making CSR actions effective.

The Study of Isometric Endurance Time by Task Type and Maximum Voluntary Contraction (작업형태 및 최대 수의적 수축에 따른 등척성 근지구력에 관한 연구)

  • Sim, Jeong-Hun;Lee, Sang-Do
    • Journal of the Ergonomics Society of Korea
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    • v.22 no.2
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    • pp.57-69
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    • 2003
  • This study was performed to investigate the isometric endurance time as percentages of maximum voluntary contraction. Electromyogram(EMG) and Borg's CR-I0 value were measured by push-pull-up-down tasks for 10 healthy males. The normalized EMG value and the MPF(mean power frequency) were used to estimate the muscle recruitment pattern and the development of muscle fatigue. The subjects exerted and maintained 5 levels of %MVC(maximum voluntary contraction) in $90^{\circ}$ shoulder flexion/ 180oelbow extension at sitting posture. The up-task showed the lower endurance time and higher Borg's CR-I0 value than the other task types. Comparing Rohmert's curve with the endurance time of task types. Rohmert's curve overestimated the endurance time of up-task and underestimated the endurance time of push-pull-down tasks. The normalized EMG value showed that muscles recruitment patterns were different from task types. The 4 muscles(biceps brachii muscle, tricep brachii muscle. middle deltoid muscle. trapezius muscle) recruitment patterns of up-task were higher than those of other tasks. The MPF value decreased with the endurance time, and the shift of MPF at up-task was larger than that of the other task types.