• Title/Summary/Keyword: contingent value

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Characteristics of Work Impact on Contingent Worker's Happiness (비정규직 임금노동자의 행복에 영향을 미치는 일의 특성 연구)

  • Kim, Hyosun
    • The Journal of the Korea Contents Association
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    • v.18 no.6
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    • pp.643-651
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    • 2018
  • The purpose of this study is to explore which factor influences on the happiness of full-time contingent worker at workplace. The study used the data of 12th Korean Education Employment Panel(KEEP), and occupied hierarchical multiple regression analysis to examine which factor affected their happiness in particular focused on job satisfaction and work characteristics of them. The results of the study showed firstly, work satisfaction and communication in workplace impacted on employees' happiness. Secondly non-regular worker's own education and skill affected on happiness, and also clearly communication and work satisfaction impact on their happiness as well as regular workers. Finally the research recommended that organization should analyze job related knowledge and skill their contingent employees hold before allocating them and help their happiness in order to organization's productivity and value creation.

Estimating the Stock Value of Woraksan National Park Using Turnbull Distribution-Free Model (Turnbull 분포무관모형을 이용한 월악산국립공원의 자산가치 평가)

  • Han, Sang-Yoel
    • Journal of Korean Society of Forest Science
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    • v.96 no.3
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    • pp.283-289
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    • 2007
  • Benefit-cost analysis is a useful tool for organizing information on the relative value of alternative public investments like national park preservation projects. When the value of all significant benefits and costs can be expressed in monetary terms, the net value (benefits minus costs) of the alternatives under consideration can be computed and used to identify the alternative that yields the greatest increase in public welfare. However, since goods and services of national parks are not commonly bought or sold in the marketplace, it can be difficult to express the outputs of a national park preservation project in monetary terms. In this case the dichotomous choice contingent valuation is employed to elicit the public benefit value. In this paper, a distribution-free approach, Turnbull empirical distribution model, is employed to analysis the benefit value of Woraksan National Park. The result is shown that annual use and preservation values of Woraksan National Park are estimated 6.5 and l37.4 billion won. Also, flow and stock values are estimated 143.9 and 3,021.7 billion won, respectively.

Preservation Value of Endangered Alpine Coniferous Species (멸종위기 고산지역 침엽수종 보전가치 평가)

  • Sang-Hyun Lee;Dong-Hyoung Lee;Jun-Gi Byeon
    • Journal of Korean Society of Forest Science
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    • v.112 no.3
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    • pp.322-330
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    • 2023
  • Amid the recent intensification of climate change, the decline of subalpine coniferous species is evident. Accordingly, the Korea Forest Service is conducting research to establish conservation measures, identify the causes of the decline of subalpine coniferous species, and establish conservation strategies for seven species of conifers in the alpine region. This study used an economic value evaluation method to present objective data to inform the need for and value of conservation of endangered coniferous species through the recognition of endangered coniferous species and evaluation of conservation value among coniferous species conservation strategies in endangered alpine areas. A contingent valuation method was applied. As a result, the estimated conservation value per household of endangered alpine coniferous species was 49,181 won.

Estimating the Economic Value of Ecotourism in Anmyeondo Tidal Wetlands Using the Contingent Valuation Method (조건부가치측정법을 이용한 안면도갯벌의 생태관광에 대한 경제적 가치추정)

  • Pyo, Hee-Dong;Chae, Dong-Ryul
    • Ocean and Polar Research
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    • v.26 no.1
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    • pp.77-86
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    • 2004
  • The paper is to estimate the economic value of ecotourism in Anmyeondo tidal wetlands using a double-bounded dichotomous choice (DBDC) model of the Contingent Valuation Method (CVM). For the reliability and the validity of CVM a survey was conducted for 511 visitors by personal interview method in Anmyeondo during August 2000, and respondents were asked for maximum Willingness-To-Pay (WTP) to buy a ticket fer the tidal flat's ecotourism. Overall, respondents answered that they would be willing to pay 55,879 won for a ticket under the study. All equations and results estimated are statistically significant at the 1% or 5% level. For the aggregation of WTP estimates, the sample values are extended to the total annual number of visitors in Anmyeondo area during 1998. A conservative estimate, which considers the calibration factor (0.5) recommended by NOAA (1994) and a positive response rate (83.17%), is 73 billion won.

Measuring the Economic Value of Restoring Hampyeong Stream Space

  • Lee, Hee-Chan;Leem, Joo-Whan;Kim, Kyu-Ho
    • Korean Journal of Environment and Ecology
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    • v.29 no.2
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    • pp.292-303
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    • 2015
  • The objective of this study is to evaluate the spatial restoration of Hampyeong Stream and to analyze the determinants of demand for the multi-functionalities of the stream. A Contingent Valuation Method (CVM) was used to estimate the multi-functional public benefits of restored stream area, and major determinants were scrutinized by establishing a demand model. The research data was collected by conducting a survey intended for Hampyeong's local residents, resulting in 284 valid samples. In terms of determinants that affect willingness to pay (WTP), 'physical factor of waterfront area' and 'experience factor of stream space' showed a significantly positive influence on WTP. As a result of applying a double-bounded CVM, the willingness to pay for the restored Hampyeong Stream area indicated a potential contribution of 22,523 won (17,362~27,459 won, 95% confidence interval). When multiplying the number of households in Hampyeong-gun, the total annual value of Hampyeong Stream spatial restoration is approximately 302million won.

Economic Effects of the Management Model far Environment Pollution in Gwangyang Bay (광양만 환경오염 관리모델 연구의 경제적 파급효과 분석)

  • Nam Kwanghyun;Kwon Sukjae;Oh Weeyeong
    • Journal of Korea Technology Innovation Society
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    • v.7 no.3
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    • pp.657-679
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    • 2004
  • The purpose of this paper is to measure economic impact of marine environment conservation research development project. Benefit-Cost(B/C) analysis and Contingent Valuation Methods(CVM) are used to valuate the benefits from the research development projects. A period of three years for research development fund is considered as a part of the costs and adjusted to the net present value (NPV) of the 2002 ending period. The environmental charges for marine environment improvement are considered for the benefit measurement. The benefits are estimated by using monthly average willingness to pay, which is 2,289 Korean won. The contribution of the developing a management model for environmental pollution in the Gwangyang Bay is evaluated utilizing survey data and information. Based on the assessment by expert groups, the contribution of the model was 37.5%. The research results showed that B/C ratio is 20.61, NPV is 89,200 million Korean won, and social rate of return is 185.7%. When the level of contribution is over 1.83% at the assessment of potential influence, it is recognized to be economically feasible. This research presents a quantitative framework for Research and Development projects for marine environment conservation, and it can be applied to decision making for the investment size of R&D projects.

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Economic Valuation of Official Management for Invasive Insects and Diseases in Fruits (과실 병해충에 대한 공적방제조치의 가치분석)

  • Kwon, Daeyoung;Son, Minsu;Kim, Brian H.S.
    • Journal of Korean Society of Rural Planning
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    • v.20 no.4
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    • pp.67-76
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    • 2014
  • The objective of this study is to estimate the economic value of official management and control for invasive insects and diseases in fruits. The direct and indirect effect of this control measure can be the changes in price of fruits and related goods, changes in export volume of domestic fruits, changes in total volume of fruit production, and reduce the risk in food safety. The contingent valuation method with the single-bounded dichotomous choice is employed to estimate each household's willingness-to-pay (WTP) to maintain official management and control measures. The total number of sample consists 2,050 respondents between the ages of 19-60 years, and the survey is conducted using Web-based survey. The estimated results for mean WTP is 5,443won per month per household. Therefore, the total economic value of official management and control on fruit in Korea is estimated to be approximately 94.4 billion won per month.

An Investigation on Organizational Characteristics Influences on Information Systems Issues in the Korean Firms (조직적 특성에 따른 정보시스템 주요관리이슈의 선택에 관한 연구)

  • Han, Jae-Min;Mun, Tae-Su;Park, Hui-Chan
    • Asia pacific journal of information systems
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    • v.5 no.2
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    • pp.51-78
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    • 1995
  • This paper suggests a contingent perspective for analyzing information systems issues of the Korean firms. The contingent perspective includes such corporate characteristics as industry, organizational size, strategy, and value-added application function. This research surveyed 119 corporations in manufacturing, banking, distribution, and construction industries. Among those samples 104 data of corporate IS managers turned out to be statistically valid. As a result, those issues are ranked as the most urgent and important IS issues: strategic IS planning, system integration, application of database, process standardization, and network planning and implementation. Furthermore, factor analysis says that thirty issues to be surveyed are to be grouped into seven factors such as IS planning, user/education, database, applications of IT, system management, distributed computing technology, and network applications. It also found through Pearson correlation and ANOVA that organizational characteristics highly influences the IS issues the corporations face.

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Valuation of National Parks by Types of Resources-Application if Contingent Valuation Method- (국립공원의 자원특성법 경제적 가치 평가-가상가치평가법 적용-)

  • 이충기;김용근;김용식;한상열
    • Korean Journal of Environment and Ecology
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    • v.15 no.1
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    • pp.79-91
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    • 2001
  • 본 연구의 목적은 대표적인 6개 국립공원에 대하여 자연 및 문화자원의 이용가치와 비이용가치를 이선선택형가상가치평가법을 이용하여 측정하는 것이다. 측정결과 이용가치의 경우높게는 17,208원/1인(설악산국립공원)에서 낮게는 5,758원/1인(태안해안국립공원)의 범주로 나타났다. 또한 비이용가치의 경우 높게는 16,198원/1인(북한산국립공원)에서 낮게는 12,756원/1인(한려해상국립공원)의 범주로 나타났다. 본 연구결과는 국립공원이 현재의 입장료(1,000원/1인)와 국립공원의 유지관리비(3.700원/1인)를 능가하는 상당한 정도의 이용가치와 비이용가치를 창출하고 있다는 사실을 지적해준다. 따라서 국민의 경계적 편익을 유지하기 위해서 정부는 국립공원의 유지. 관리비용을 계속 지원해야만 할 것이다.

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Estimating Environmental Impact Caused to the Isahaya Bay Wetland by Applying Remote Sensing and CVM

  • Ahmed, K. S. Sarwar Uddin;Gotoh, Keinosuke;Tachiiri, Kaoru
    • Proceedings of the KSRS Conference
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    • 2003.11a
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    • pp.540-542
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    • 2003
  • This study aims at integrating economic tools and remote sensing for environmental impact valuation of the Isahaya Bay Wetland (IBW). In doing so, we have used potential behavioral economic valuation technique: contingent valuation method and satellite remote sensing technique: land cover mapping. From the results of the study, we are able to bracket a range of values from (22 to 200 billion yen) for arriving at the true economic value lost due to the initiation of reclamation project on the IBW and would provide a new dimension to get nearer to the more accurate environmental impact assessment.

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