• Title/Summary/Keyword: economic analysis method

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Can Renewable Energy Replace Nuclear Power in Korea? An Economic Valuation Analysis

  • Park, Soo-Ho;Jung, Woo-Jin;Kim, Tae-Hwan;Lee, Sang-Yong Tom
    • Nuclear Engineering and Technology
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    • v.48 no.2
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    • pp.559-571
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    • 2016
  • This paper studies the feasibility of renewable energy as a substitute for nuclear and energy by considering Korean customers' willingness to pay (WTP). For this analysis, we use the contingent valuation method to estimate the WTP of renewable energy, and then estimate its value using ordered logistic regression. To replace nuclear power and fossil energy with renewable energy in Korea, an average household is willing to pay an additional 102,388 Korean Won (KRW) per month (approx. US $85). Therefore, the yearly economic value of renewable energy in Korea is about 19.3 trillion KRW (approx. US $16.1 billion). Considering that power generation with only renewable energy would cost an additional 35 trillion KRW per year, it is economically infeasible for renewable energy to be the sole method of low-carbon energy generation in Korea.

The Development on the Estimate method for the Cost-Effect Analysis of the Electrical Safety Management (전기안전 업무의 비용효과 분석을 위한 전기화재 손실비용 추정방법 개발)

  • Yoo, Jae-Geun
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.64 no.2
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    • pp.349-352
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    • 2015
  • This paper estimates electrical fire damage cost-effect to analyze electrical safety efficiency by applying a cost-benefit analysis method for analyzing the efficiency of a business public interest. Electrical fire loss statistics data was presented as direct costs and casualties, including deaths due to an electrical fire, this paper adds overhead "Incidental Cost of Accidents to the Employer" by W. H. Heinrich was applied to estimate the cost of economic loss. Also wounded, including the loss of human deaths by referring to the car accident insurance claims costs and human development estimated the losses caused by an electrical fire. And to perform a cost-benefit analysis of the electrical safety as a result of future work. In this paper, the economic effect of the electric field of safety and public interest work to systematically presented.

Evaluation of wind power potential for selecting suitable wind turbine

  • Sukkiramathi, K.;Rajkumar, R.;Seshaiah, C.V.
    • Wind and Structures
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    • v.31 no.4
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    • pp.311-319
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    • 2020
  • India is a developing nation and heavily spends on the development of wind power plants to meet the national energy demand. The objective of this paper is to investigate wind power potential of Ennore site using wind data collected over a period of two years by three parameter Weibull distribution. The Weibull parameters are estimated using maximum likelihood, least square method and moment method and the accuracy is determined using R2 and root mean square error values. The site specific capacity factor is calculated by the mathematical model developed by three parameter Weibull distribution at different hub heights above the ground level. At last, the wind energy economic analysis is carried out using capacity factor at 30 m, 40 m and 50 m height for different wind turbine models. The analysis showed that the site has potential to install utility wind turbines to generate energy at the lowest cost per kilowatt-hour at height of 50 m. This research provides information of wind characteristics of potential sites and helps in selecting suitable wind turbine.

Fulfilling the Export Potential of Agricultural Production in the Context of Aggravating Global Food Crisis

  • Hassan Ali Al-Ababneh;Ainur Osmonova;Ilona Dumanska;Petro Matkovskyi;Andriy Kalynovskyy
    • International Journal of Computer Science & Network Security
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    • v.24 no.7
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    • pp.128-142
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    • 2024
  • Creation and implementation of export-oriented strategy is an urgent issue of economic development of any country. In an export-oriented model of economic development, exports should be a means of promoting economic growth and a tool to strengthen existing and potential competitive advantages. Agricultural production is the key factor in exports and the source of foreign exchange earnings in many countries. However, the export potential of agricultural producers may be inefficiently fulfilled due to the heterogeneity of countries in terms of economic development, trade relations and border policy. The aim of the research is to study the nature, main trends and problematic aspects of fulfilling the export potential of agricultural production in the context of aggravating food crisis. The study involved general scientific methods (induction and deduction, description, analysis, synthesis, generalization) and special (statistical method, economic analysis, descriptive statistics and interstate comparisons, graphical method). The need to ensure food security by countries around the world urges the importance of the agricultural sector as a catalyst for economic development, sources of foreign exchange earnings, investment direction, etc. The study of agricultural specialization led to the conclusion that wheat and sugar are goods with the highest export potential. It is substantiated that the countries of South America, OECD, North America and Europe have the highest level of realization of export potential of agricultural production, and African countries are import-dependent. In addition, the low export orientation of Africa and Asia due to the peculiarities of their natural and climatic conditions is established based on the assessment of export-import operations in the regional context. The internal and external export potential of each of the regions is analysed. Economic and mathematical simulation of assessing the impact of the most important factors on the wheat exports volumes was applied, which allowed predicting wheat exports volume and making sound management decisions regarding the realization of the export potential of agricultural companies. The inverse correlation between the exports volume and wheat consumption per capita, and the direct correlation between the effective size and area of land used for wheat cultivation was established through the correlation and regression analysis.

A Study of Economic Aspects on 3-D Scanning Measurement during Tunnel Construction (3차원 스캔을 이용한 터널계측의 경제성에 관한 연구)

  • Choi, Won-Il;Park, Geun-Young;Cho, Kook-Hwan
    • Journal of the Korean Society of Hazard Mitigation
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    • v.10 no.2
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    • pp.77-81
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    • 2010
  • D&B(Drill & Blast) method in tunnel construction requires accurate and rapid measurement of the ground movement, which is essential for feedback analysis. Case study and adaptability of IT technique for tunnel survey are discussed in this paper. The application of laserscannig and existing light wave instrument method in the field of tunnel construction were reported in several advanced country including Austria and Japan. Survey for the shoulder movements by IT survey method was conducted at a subway construction site and the results were compared to the conventional method. Also, the economic aspects of laserscannig method were analyzed using measured data which were categorized by expenses, frequency, interval and period in the field of construction. Therefore IT survey solution may contribute to execute more economic and safe construction

An Experimental Study on Velocity Analysis by Automatic Velocity Analysis Algorithms in Layers Having Lateral Velocity Anomaly (수평적 속도변화대에서 자동속도분석 알고리즘을 이용한 속도분석 실험연구)

  • Yoon, Kwang Jin;Yang, Seung Jin
    • Economic and Environmental Geology
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    • v.30 no.5
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    • pp.469-476
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    • 1997
  • In the conventional velocity analysis, the peaks of a semblance panel are picked and the stacking velocities of the peaks are assumed as RMS velocities from which interval velocities are determined. This velocity analysis technique is correct only for horizontal homogeneous layes and incurs error in a layer whose velocity varies laterally. Tediousness of peak picking and error in velocity analysis can be reduced by automatic velocity analysis techniques. An automatic velocity analysis algorithm has been presented in order to improve these problems by considering the stacking velocity from the view point of interval velocity model and by relating the stacking velocity and the interval velocity with the traveltimes. In this paper, we apply the automatic velocity analysis method to simple models having lateral velocity anomaly to verify the effectivenesses and limits of this method. From the results of numerical experiments, we can determine the interval velocites without pickings of the stacking velocities in the one-dimensional velocity analysis and the general patterns of the laterally varying interval velocities appear in the two-dimensional case. However, the interval velocity and the depth of velocity anomaly determined by two-dimensional automatic velocity analysis are somewaht discrepant in those of the theoretical model.

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Modelling and Factor Analysis of Pricing Determinants in the State-Regulated Competitive Market: The Case of Ukrainian Flour Market

  • Dragan, Olena;Berher, Alina;Plets, Ivan;Biloshkurska, Nataliia;Lysenko, Nataliia;Bovkun, Olha
    • International Journal of Computer Science & Network Security
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    • v.21 no.7
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    • pp.211-220
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    • 2021
  • The aim of the study is to implement a factor analysis of the determinants of pricing in a state-regulated competitive market using economic and mathematical modelling methods and to develop ways to improve the pricing environment of the market under study. The purpose of the work defines the main objectives: (i) to investigate the features of the competitive model of the Ukrainian flour market; (ii) to analyse the current price conjuncture of the flour market and the dynamics of the main determinants of pricing; (iii)to develop ways of improving the price situation on the flour market on the basis of the factor analysis on the results of economic and mathematical modelling. In order to ensure the reliability and validity of the research results, the following methods were applied: the logical-dialectical method of scientific knowledge in the study of the main theoretical aspects of flour market functioning, the method of logical generalisation and synthesis, comparison, factor analysis, correlation and regression analysis, the graphical method, etc. It has been shown that pricing in a state-regulated competitive market has its own characteristics. For example, in the flour market the price of goods cannot be influenced by producers (sellers) by any methods, therefore determinants of pricing by indirect influence have been taken into account. The five-factor power model of wheat flour price has been constructed. It was substantiated that the price of wheat flour in Ukraine is mostly influenced by consumer price index (0.92 %). The received complex model of wheat flour price may be used also for medium-term forecasting and working out the ways of price formation optimization in the flour market.

A Study on the Relativity between Fashion Style and Economic Environmental Changes Expressed in Women Magazine (여성잡지에 표현된 패션스타일과 경제환경 변화간의 상관성 연구)

  • Kim, Sae-Bom;Lee, Eun-Sook
    • Fashion & Textile Research Journal
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    • v.10 no.5
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    • pp.601-606
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    • 2008
  • The purpose of this study was to reveal relations between fashions and economic by analyzing the fashion style expressed in women magazine advertisements. The method of this study was used content analysis with 1933 samples in women magazine ('Women Sense', 'Yeosung Dong-A', and 'Jubu Saeng-hwal') which were issued in March, June, September, and December from 1994 to 2002. The data analyses were divided six elements: silhouette, color, pattern, length of skirt & slacks, adjustment, and breadth of collar lapel. The results of this study were as follows; 1. The silhouette of the period before and after economic crisis was expressed in square silhouette. 2. The color of the period before economic crisis was expressed in white and black. The period after economic crisis was expressed in white, warm colors, secondary colors with black. 3. The pattern was expressed in plain pattern. 4. The length of skirt & slacks was expressed in various lengths. 5. The Adjustment was expressed in single button. 6. The breadth of collar lapel of the period before economic crisis was expressed in large breadth. The period after economic crisis was expressed in small breadth.

Food and Nutrient Consumption Patterns of Korean Adults by Socioeconomic Status (사회경제수준에 따른 한국인의 식품 및 영양소 섭취 양상)

  • 김영옥
    • Korean Journal of Community Nutrition
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    • v.6 no.4
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    • pp.645-656
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    • 2001
  • The relationship between socio-economic status and food and nutrient consumption patterns was studied in 7,370 Koreans aged 20 years and older in the 1995 Korean Health and Nutrition Survey. The aim of this study was to investigate the effect of rapid economic growth on food and nutrient consumption for Korean adults in the last 30 years. Monthly household income, and individual's educational level and occupation were chosen as variables of socio-economic status for individuals. A one day 24 hour recall method was used for the dietary survey. One way analysis of varience was adopted to test tole association between socio-economic variables and food and nutrient consumption patterns. Individuals who had a high socio-economic status had significantly higher daily intake of most of the nutrients including calcium, vitamin A, vitamin B$_2$which reached above the recommended dietary allowances(RDA) and a higher percentage energy consumption from fat. In addition, individual who belonged to a low socio-economic status consumed less animal foods, including meat, egg, milk and consumed low proportion of energy from fat. The results suggest that in spite of rapid economic growth during the last 30 years in Korea, individuals who belonged to low sorio-economic status categories are still nutritionally vulnerable. Among the sorio-economic variables, income and education except occupation were the influential factors on the food and nutrient consumption of Koreans. Therefore, nutrition policy should focus on influencing the dietary patterns of lower social class individuals to improve the health status of the population as a whole.

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The Impact of Credit and Stock Market Development on Economic Growth in Asian Countries

  • NGUYEN, Bao K.Q.;HUYNH, Vy T.T.;TO, Bao C.N.
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.9
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    • pp.165-176
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    • 2021
  • The paper has used the Solow-Swan growth model to analyze the long-term impact of credit market development and stock market development on economic growth in Asia from 2000 to 2019. The empirical model is performed with panel cointegration analysis by Common Correlated Effects (CCE) method with cross-sectional dependencies. The results find that there exists a cointegration relationship among stock market, credit market development, and economic growth. These results also show that financial structure improves the exact impact of financial development on economic growth, namely the opposite effect of stock market development and credit market development. Moreover, the Granger causality test reveals a bi-directional relationship between credit market development and economic growth, while only unidirectional causality from stock market development to economic growth for the whole group panel. And it is different for a specific country, according to Kónya's test. The view of the new structuralism does not apply in the Asian financial system when we estimate the Nonlinear Autoregressive Distributed Lag model (NARDL) to analyze the asymmetric relationship between financial structure and economic growth. On the whole, policymakers can draw on the findings to provide policy implications to improve their country's financial system as well as pursue the goal of sustainable economic growth.