• Title/Summary/Keyword: age-based model

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Evaluation of Life Annuity Plans Based on Utility Maximization : Focused on Comparison with Money's Worth Ratio (효용 최적화를 통한 종신연금 계획의 가치 추정 : Money's Worth 비율과의 비교를 중심으로)

  • Yang, Jae-Hwan;Yuh, Yoon-Kyung
    • Korean Management Science Review
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    • v.27 no.1
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    • pp.45-60
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    • 2010
  • This study evaluates life annuity plans based on two different types of measures : financial benefit and utility on consumption. The financial benefit is measured by Money's Worth (MW) ratio and return on annuity. For the measure of utility, an optimization problem is formulated with the objective of maximizing utility on consumption. To solve the optimization model, we use Dynamic Programming (DP) technique. The both types of measures are applied to cases of Korean pre-retirees at age 40 with different accumulation years of annuity (i.e. level of annuity asset at the age of retirement) and different timings of annuitization. Our results generally indicate that the utility based optimization model is superior to the financial measures in terms of providing a better evaluation of an annuity plan due to its capability to consider an individual's financial situation during his/her retirement period. Also, they suggest that the level of annuity asset is an important factor when an individual determines the optimal annuitization timing.

The Trajectory of Outpatient Medical Service Use and Its Predictors: Focusing on Age Variations (노년기 외래의료서비스 이용 궤적 및 예측요인 : 연령 차이를 중심으로)

  • Kahng, Sang-Kyoung
    • Korean Journal of Social Welfare
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    • v.62 no.3
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    • pp.83-108
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    • 2010
  • This study aims to estimate the trajectory of outpatient medical service use and examine what factors are associated with the trajectory among older adults 60 and over with specific focuses on age variations. Using the first three waves of the Korean Welfare Panel Study data, the trajectory and predictors were examined through the Latent Growth Curve Modeling and age variations were examined through the Multi-group Comparison Analyses. The research model was developed based on the Anderson Model. The results showed that study participants tend to increase outpatient medical service use with years. Individuals 75 or younger presented a much faster increasing rate of medical service use than those 75 and over. Similar to the findings of the previous studies, most predisposing factors, resource factors, and needs factors were found to be associated with the trajectory of outpatient medical service use. Needs factors were more closely associated with the medical service use trajectory than resource factors. With regard to age variations in predictors, few significant age variations were found. Based on the finding of the study, implications and future research directions were discussed.

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SARAPAN-A Simulated-Annealing-Based Tool to Generate Random Patterned-Channel-Age in CANDU Fuel Management Analyses

  • Kastanya, Doddy
    • Nuclear Engineering and Technology
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    • v.49 no.1
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    • pp.267-276
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    • 2017
  • In any reactor physics analysis, the instantaneous power distribution in the core can be calculated when the actual bundle-wise burnup distribution is known. Considering the fact that CANDU (Canada Deuterium Uranium) utilizes on-power refueling to compensate for the reduction of reactivity due to fuel burnup, in the CANDU fuel management analysis, snapshots of power and burnup distributions can be obtained by simulating and tracking the reactor operation over an extended period using various tools such as the $^*SIMULATE$ module of the Reactor Fueling Simulation Program (RFSP) code. However, for some studies, such as an evaluation of a conceptual design of a next-generation CANDU reactor, the preferred approach to obtain a snapshot of the power distribution in the core is based on the patterned-channel-age model implemented in the $^*INSTANTAN$ module of the RFSP code. The objective of this approach is to obtain a representative snapshot of core conditions quickly. At present, such patterns could be generated by using a program called RANDIS, which is implemented within the $^*INSTANTAN$ module. In this work, we present an alternative approach to derive the patterned-channel-age model where a simulated-annealing-based algorithm is used to find such patterns, which produce reasonable power distributions.

Analysis of Green Vehicle Purchasing Behavior Using Logit Model (로짓모형을 이용한 친환경차 구매행태 분석)

  • HAHN, Jin-Seok;LEE, Jang-Ho
    • Journal of Korean Society of Transportation
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    • v.34 no.2
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    • pp.135-145
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    • 2016
  • This study assumes a vehicle choice model based on the multinomial model and analyzes the vehicle choice behaviors of consumer. An SP survey targeting drivers was implemented and data was collected for model estimates, with the possible choice options of the survey takers limited to gasoline, HEV, PHEV, and EV vehicles. The explanatory variable mostly displayed a significance level of under 5%, and excluding variables for price and fuel the remaining variables were all consistent with the logical direction with the plus (+) sign and the results were determined to be rational. Consumers selecting mid-size & full-size vehicles are able to afford more than consumers that selected other vehicle types, so there was relatively little consideration given to low fuel costs when compared to vehicle price. For this reason, it was determined that for the full-size vehicle model the fuel variable could be disregarded. Socio-economic variables that were statistically significant were the age and infor variables for the sub-compact & compact, the age, infor and inc3 variables for the mid-sized & full-size vehicles.

A System Dynamics Model for Growth Prediction of Low Birth Weight Infants (시스템다이내믹스를 이용한 저출생체중아의 성장예측모형)

  • Yi, Young-Hee
    • Korean System Dynamics Review
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    • v.11 no.3
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    • pp.5-31
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    • 2010
  • The purpose of this study is to develop a system dynamics model for growth prediction of low birth weight infants(LBWIs) based on nutrition. This growth prediction model consists of 9 modules; body weight, height, carbohydrate, protein, lipid, micronutrient, water, activity and energy module. The results of the model simulation match well with the percentiles of weights and heights of the Korean infants, also with the growth records of 55 LBWIs, under 37 weeks of gestational age, whose weights are appropriate for their gestational age. This model can be used to understand the current growth mode of LBWIs, predict the future growth of LBWIs, and be utilized as a tool for controlling the nutrient intake for the optimal growth of LBWIs in actual practice.

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Age Effects of Social Capital on the Economic Well-Being in Korea (중년기 및 노년기 사회자본의 경제적 복지 효과 비교)

  • Seo, Jiwon
    • Journal of the Korean Home Economics Association
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    • v.51 no.2
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    • pp.207-218
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    • 2013
  • Social capital theory provides a framework for analyzing the economic well-being. The purpose of this study is to analyze the age effect of social capital by comparing middle aged and the elderly, as well as to investigate the independent effects of social capital on their subjective economic well-being, respectively. The two concepts of "trust" and "social network" were used to measure the level of social capital. Comparisons between the age groups were made regarding the relationships between social capital and economic well-being of four age groups, including younger middle-aged, older middle-aged, younger elderly, and older elderly. Data from the $2^{nd}$ wave of the Korean Longitudinal Study of Ageing (KLoSA) were used. The final sample for this analysis is 8,406 respondents aged 45~84. The major findings are as follows. First, the level of social capital, trust and social network, is statistically different by age groups. Second, the model fits in the case of model including social capital variables are all larger than their counterparts in the four age groups. Third, social capital is "resource" that can contribute to increasing the subjective economic well-being. Based on the empirical results, implications for welfare policies related with issues of social security for the elderly in Korea are provided.

Stand Structure of the Natural Broadleaved-Korean Pine Forests in Northeast China

  • Li, Fengri;Ma, Zhihai
    • Journal of Korean Society of Forest Science
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    • v.94 no.5 s.162
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    • pp.321-329
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    • 2005
  • Based on the data representing four typical Korean pine forest types, the age structure, DBH distribution, species composition, and forking rule were systemically analyzed for old-growth Korean pine forest in Liangshui Nature Reserve, northeast China. The age structure of Korean pine trees was strongly uneven-aged with one dominated peak following normal distribution, and age of trees varied from 100 to 180 years within a stand. The DBH and height differences in same age class (20 years) varied from 28 cm~64 cm and 5 to 20 m, respectively. Many conifer and hard wood species, such as spruce, fir, costata birch, basswood, oak, and elm, were mixed with dominated trees of Korean pine. The canopy of the old-growth Korean pine forest can be divided into two layers, and differences of mean age and height between Layer I and Layer II were ranged 80~150 years and 7~13 m, respectively. The Weibull function was used to model the diameter distribution and performed well to describe size-class distribution either with a single peak in over-story canopy and inverse J-shape in under-story canopy for old-growth Korean pine stands. The forking height of Korean pine trees ranged from 16m to 24 m (mean 19.4 m) and tree age about 120 to 160 years old. The results will provide a scientific basis to protect and recover the ecosystem of natural old-growth Korean pine and also provide the model in management of Korean pine plantation.

Communication Strategies for Agricultural Technology Center in the Digital Age (디지털시대의 농업기술센터의 커뮤니케이션 전략)

  • Lee, Chae-Shik;Suh, Gyu-Sun
    • Journal of Agricultural Extension & Community Development
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    • v.7 no.2
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    • pp.295-306
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    • 2000
  • The objectives of this paper were to review the difference between the analog and digital age, and to suggest new communication strategies for Agricultural Extension Service Centers in the digital age. Literature review and discussion on the information age and its supporting technologies, such as the Internet and other digital tools, has enabled communication to occur during time periods and in locations based upon individual needs. With increasing number of internet subscribers using email and the world wide web, the internet is now considered a new mass media for communication, and may soon consider such electronic connectivity as essential in agricultural extension services. Communication strategies in the future should recognize and adapt to the changing needs farmers and extension educators in the information age. Utilization of internet technology and digital tools in communication may attract and retain farmers and extension educators in the future, thus. some of new strategies for communication in agricultural extension services should include the following; 1) traditional linear model should be change into interactive model in communication. 2) Agricultural extension service should include creative role with diffusion process. 3) Agricultural extension service should establish new receiver paradigm and form new partnership with farmer.

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3D finite element simulation of human proximal femoral fracture under quasi-static load

  • Hambli, Ridha
    • Advances in biomechanics and applications
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    • v.1 no.1
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    • pp.1-14
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    • 2014
  • In this paper, a simple and accurate finite element model coupled to quasi-brittle damage law able to describe the multiple cracks initiation and their progressive propagation is developed in order to predict the complete force-displacement curve and the fracture pattern of human proximal femur under quasi-static load. The motivation of this work was to propose a simple and practical FE model with a good compromise between complexity and accuracy of the simulation considering a limited number of model parameters that can predict proximal femur fracture more accurately and physically than the fracture criteria based models. Different damage laws for cortical and trabecular bone are proposed based on experimental results to describe the inelastic damage accumulation under the excessive load. When the damage parameter reaches its critical value inside an element of the mesh, its stiffness matrix is set to zero leading to the redistribution of the stress state in the vicinity of the fractured zone (crack initiation). Once a crack is initiated, the propagation direction is simulated by the propagation of the broken elements of the mesh. To illustrate the potential of the proposed approach, the left femur of a male (age 61) previously investigated by Keyak and Falkinstein, 2003 (Model B: male, age 61) was simulated till complete fracture under one-legged stance quasi-static load. The proposed finite element model leads to more realistic and precise results concerning the shape of the force-displacement curve (yielding and fracturing) and the profile of the fractured edge.

Thermo-mechanical behavior of prestressed concrete box girder at hydration age

  • Zhang, Gang;Zhu, Meichun;He, Shuanhai;Hou, Wei
    • Computers and Concrete
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    • v.20 no.5
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    • pp.529-537
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    • 2017
  • Excessively elevated temperature can lead to cracks in prestressed concrete (PC) continuous bridge with box girder on the pier top at cement hydration age. This paper presents a case study for evaluating the behavior of PC box girder during the early hydration age using a two-stage computational model, in the form of computer program ANSYS, namely, 3-D temperature evaluation and determination of mechanical response in PC box girders. A numerical model considering time-dependent wind speed and ambient temperature in ANSYS for tracing the thermal and mechanical response of box girder is developed. The predicted results were compared to show good agreement with the measured data from the PC box girder of the Zhaoshi Bridge in China. Then, based on the validated numerical model three parameters were incorporated to analyze the evolution of the temperature and stress within box girder caused by cement hydration heat. The results of case study indicate that the wind speed can change the degradation history of temperature and stress and reduce peak value of them. The initial casting temperature of concrete is the most significant parameter which controls cracking of PC box girder on pier top at cement hydration age. Increasing the curing temperature is detrimental to prevent cracking.