• Title/Summary/Keyword: cross elasticity

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An Analysis of Coffee Demand System in Korea using AIDS (준이상 수요체계(AIDS)를 이용한 한국의 커피수요분석)

  • Li, Ming-Huan;Jung, Kun-Oh
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.1
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    • pp.72-80
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    • 2014
  • This study is to estimate a demand of coffee in Korea. And based on assumed data, this study is to investigate price elasticity, income elasticity and cross-price elasticity of coffee demand. The data used in this study is the household income and expenditure survey micro data (2003~2012) provided by the National Statistical Office. And LA/AIDS model and SUR method were utilized in order to forecast coffee demand. As a result, price elasticity and income elasticity are found to be correspond with economic theory as they were assumed to -0.259, 0.455 respectively. Meanwhile, it indicated characteristic of essential good by showing negative (-) income odds ratio estimate. When it comes to cross-price elasticity of coffee and cigarette, it was found to be a complementary relation as its cross-price elasticity was assumed to -0.121. Besides, it was found that male consume more coffee than female, while people in their age of 50s consumes mostly. In conclusion, this study suggests necessity of reconsidering coffee as important goods when Consumer Price Stabilization Policy is determined, as coffee shows characteristic of essential goods which is inelastic.

The Analysis of Load Management Effect in Shor-Term Generation Expansion Planning (단기 전력우급계획에서의 부하관리 효과 분석연구)

  • 김준현;정도영
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.41 no.9
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    • pp.994-1002
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    • 1992
  • With regard to price elasticity and cross elasticity of electricity, optimal generation expansion planning method including load management effect is suggested. In addition, optimal peak time price can be determined simultaneously, and we adopt peak time tariff as load management strategy. Instead of using hourly marginal demand curves where we can get customer surplus, we used chronological load curve with constraints to preserve social welfare. This method is proved useful in short-term generation expansion planning.

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Study on the Mechanical Properties of Tropical Hybrid Cross Laminated Timber Using Bamboo Laminated Board as Core Layer

  • GALIH, Nurdiansyah Muhammad;YANG, Seung Min;YU, Seung Min;KANG, Seog Goo
    • Journal of the Korean Wood Science and Technology
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    • v.48 no.2
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    • pp.245-252
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    • 2020
  • This study was performed to analyze the mechanical properties of tropical hybrid cross-laminated timber (CLT) with bamboo laminated board as the core layer in order to evaluate the possibility of its use as a CLT material. Bamboo board was used as the core layer and the tropical species Acacia mangium willd., from Indonesia, was used as the lamination in the outer layer. The modulus of elasticity (MOE), modulus of rupture (MOR), and shear strength of the hybrid CLT were measured according to APA PRG 320-2018 Standard for Performance-Rated Cross-Laminated Timber. The results show that the bending MOE of the hybrid CLT was found to be 2.76 times higher than SPF (Spruce Pine Fir) CLT. The reason why the high MOE value was shown in bamboo board and hybrid CLT applied bamboo board is because of high elasticity of bamboo fiber. However, the shear strength of the hybrid CLT was 0.8 times lower than shear strength of SPF CLT.

The buckling of a cross-ply laminated non-homogeneous orthotropic composite cylindrical thin shell under time dependent external pressure

  • Sofiyev, A.H.
    • Structural Engineering and Mechanics
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    • v.14 no.6
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    • pp.661-677
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    • 2002
  • The subject of this investigation is to study the buckling of cross-ply laminated orthotropic cylindrical thin shells with variable elasticity moduli and densities in the thickness direction, under external pressure, which is a power function of time. The dynamic stability and compatibility equations are obtained first. These equations are subsequently reduced to a system of time dependent differential equations with variable coefficients by using Galerkin's method. Finally, the critical dynamic and static loads, the corresponding wave numbers, the dynamic factors, critical time and critical impulse are found analytically by applying a modified form of the Ritz type variational method. The dynamic behavior of cross-ply laminated cylindrical shells is investigated with: a) lamina that present variations in the elasticity moduli and densities, b) different numbers and ordering of layers, and c) external pressures which vary with different powers of time. It is concluded that all these factors contribute to appreciable effects on the critical parameters of the problem in question.

Price and Distance Effects on Mexican Cross-Border Shopping:Implications for a Borderlands Economy

  • Arthur L. Silvers;Kim, Hak-Hoon
    • Journal of the Korean Regional Science Association
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    • v.12 no.2
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    • pp.59-68
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    • 1996
  • Common belief in border regions holds that Mexican cross-border shoppers play a larger role in the regional economic base than they do and that NAFTA will provide a bigger stimulus to the regional economy than it is likely. In the regional economy than it is likely. In the first case, price elasticities are implicitly underestimated as highly inelastic and in the latter case, overestimated as highly elastic. This paper provides empirical evidence on the effects of distance and real exchange rates as price proxies on both field survey and population-imputed estimates of cross-border shopping. After estimating both distance-based and real exchange rate-based estimates of price elasticities of Mexican shopper demand for U.S. border-region goods, implications are obtained concerning the relative importance for U.S. border-regon economies of more distant Mexican markets, and the likely impacts of NAFTA.

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Frequency, bending and buckling loads of nanobeams with different cross sections

  • Civalek, Omer;Uzun, Busra;Yayli, M. Ozgur
    • Advances in nano research
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    • v.9 no.2
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    • pp.91-104
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    • 2020
  • The bending, stability (buckling) and vibration response of nano sized beams is presented in this study based on the Eringen's nonlocal elasticity theory in conjunction with the Euler-Bernoulli beam theory. For this purpose, the bending, buckling and vibration problem of Euler-Bernoulli nanobeams are developed and solved on the basis of nonlocal elasticity theory. The effects of various parameters such as nonlocal parameter e0a, length of beam L, mode number n, distributed load q and cross-section on the bending, buckling and vibration behaviors of carbon nanotubes idealized as Euler-Bernoulli nanobeam is investigated. The transverse deflections, maximum transverse deflections, vibrational frequency and buckling load values of carbon nanotubes are given in tables and graphs.

Polymer Hydrogels Formulated with Various Cross-Linkers for Food-Surface Application to Control Listeria monocytogenes

  • Kim, Sejeong;Oh, Hyemin;Lee, Heeyoung;Lee, Soomin;Ha, Jimyeong;Lee, Jeeyeon;Choi, Yukyoung;Yoon, Yohan
    • Journal of Food Hygiene and Safety
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    • v.32 no.5
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    • pp.443-446
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    • 2017
  • This study investigated the physical properties of polymers and antimicrobial activities of organic acids on Listeria monocytogenes to develop hydrogels. ${\kappa}-carrageenan$ (1, 2, and 3%), carboxymethylcellulose (CMC; 1, 3, and 5%), and agar (1.5 and 3%) were mixed with cross-linkers ($Na^+$, $K^+$, $Ca^{2+}$, and $Al^{3+}$) or each other by stirring or heating to form cross-linkage, and their physical properties (hardness, elasticity, and swelling) were measured. The hydrogels formulated with organic acid (1, 3, and 5%) were analyzed by spot assay against L. monocytogenes. ${\kappa}-carrageenan$ formed hydrogels with high hardness without other cross-linkers, but they had low elasticity. The elasticity was improved by mixing with other cross-linkers such as $K^+$ or other polymer, especially in 3% ${\kappa}-carrageenan$. CMC hydrogel was formed by adding cross-linkers $Al^{3+}$, $Na^+$, or $Ca^{2+}$, especially in 5% CMC. Thus, stickiness and swelling for selected hydrogel formulations (two of ${\kappa}-carrageenan$ hydrogels and three of CMC hydrogels) were measured. Among the selected hydrogels, most of them showed appropriate hardness, but only 3% ${\kappa}-carrageenan-contained$ hydrogels maintained their shapes from swelling. Hence, 3% ${\kappa}-carrageenan+0.2%$ KCl and 3% ${\kappa}-carrageenan+1%$ alginate+0.2% KCl+0.2% $CaCl_2$ were selected to be formulated with lactic acid, and showed antilisterial activity. These results indicate that 3% ${\kappa}-carrageenan$ hydrogels formulated with lactic acid can be used to control L. monocytogenes on food surface.

Elastic solution of a curved beam made of functionally graded materials with different cross sections

  • Arefi, Mohammad
    • Steel and Composite Structures
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    • v.18 no.3
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    • pp.659-672
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    • 2015
  • This research deals with the analytical solution of a curved beam with different shapes made of functionally graded materials (FGM's). It was assumed that modulus of elasticity is graded along the thickness direction of curved beam based on a power function. The beam was loaded under pure bending. Using the linear theory of elasticity, the general relation for radial distribution of radial and circumferential stresses of arbitrary cross section was derived. The effect of nonhomogeneity was considered on the radial distribution of circumferential stress. This behavior can be investigated for positive and negative values of nonhomogeneity index. The novelty of this study is application of the obtained results for different combination of material properties and cross sections. Achieved results indicate that employing different nonhomogeneity index and selection of various types of cross sections (rectangular, triangular or circular) can control the distribution of radial and circumferential stresses as designer want and propose new solutions by these options. Increasing the nonhomogeneity index for positive or negative values of nonhomogeneity index and for various cross sections presents different behaviors along the thickness direction. In order to validate the present research, the results of this research can be compared with previous result for reachable cross sections and non homogeneity index.

A System-wide analysis of Korean urban households' alcoholic demand (도시가계의 주류 소비지출 분석)

  • 김원년
    • Korea journal of population studies
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    • v.25 no.2
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    • pp.271-291
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    • 2002
  • According to a system-wide analysis utilizing the raw data of Korean urban households survey, the expenditure elasticity estimate of alcoholic demand is around 0.71, which implies the demand for alcoholic consumption is relatively necessary The own price elasticity estimates are pretty elastic between -1.79 and 2.10. The trend of price elasticity estimates shows to be more elastic recently from the past.

An Econometric Analysis of Imported Softwood Log Markets in South Korea - on the Basis of the Lagged Dependent Variable -

  • Park, Yong Bae;Youn, Yeo-Chang
    • Journal of Korean Society of Forest Science
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    • v.98 no.2
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    • pp.148-155
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    • 2009
  • The objective of this study is to know market structures of softwood logs being imported to South Korea from log producing countries. Import demand of softwood logs imported to South Korea from America, New Zealand and Chile is fixed as a function of log prices, the lagged dependent variable and output. On the basis of the adaptive expectations model, linear regression models that the explanatory variables included and the lagged dependent variable were estimated by Seemingly Unrelated Regression Equations (SURE). The short-run and long-run own price elasticity of America's softwood log import demand is -1.738 and -4.250 respectively. Then long-run elasticity is much higher than short-run elasticity. Short-run and long-run crosselasticity of New Zealand's softwood log import demand with respect to American's softwood log import price are inelastic at 0.505 and 0.883 respectively. Short-run and long-run cross-elasticity of Chile's softwood log import demands with respect to American's softwood log import prices were highly elastic at 2.442 and 4.462 respectively. Long-run elasticity was almost twice as high as short-run elasticity.