• Title/Summary/Keyword: economic analysis method

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A Comparative Analysis of the Functional Values for Wastewater Treatment and Atmospheric Regulation in Coastal Wetland and Rice Paddy Ecosystems (갯벌과 간척농지의 수질 및 대기조절가치의 비교분석)

  • Pyo, Hee-Dong
    • Environmental and Resource Economics Review
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    • v.10 no.1
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    • pp.95-126
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    • 2001
  • Functional values for wastewater treatment and atmospheric regulation in coastal wetland and rice paddy ecosystems are quantified, and an illustration is given on how to integrate biophysical parameters into a valuation framework. This is one of most controversial issues in economic analysis for wetland preservation versus wetland conversion to agricultural use. This paper includes theoretical considerations for estimating functional values of environmental ecosystems, and the integration of biophysical data and replacement cost method employed. Specific physical and geographical characteristics and data on ecosystem functions and services in coastal wetlands and rice paddies are addressed for evaluating their values in economic terms. In particular this paper indicates double counting problems and overestimation in the previous studies, and demonstrates how to avoid them and to maintain the consistency of valuation process involving a least-cost method, thus enables an accurate integration of the coastal wetland ecology and wetland economics. As a result which is far away from the previous studies, the total economic present value of wastewater assimilation by coastal wetland is estimated at 7,484,640 won/ha, and the net present value of positive effect for atmospheric regulation, negative effects for air pollution and water pollution by rice paddy is estimated at -37,934 won/ha, assuming that resources are infinitely long-lived and the annual value and the rate of discount (10%) is constant every year. In conclusion, for further reliability and validity of functional values for natural resources it is very noteworthy that a general equilibrium framework that could directly incorporate the interdependence between ecosystem functions and services would be preferred to the partial equilibrium framework.

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A Study on the Economic Analysis for Installation Method of Storage Tank in LPG Filling Station (LPG 충전소 저장탱크의 설치방법에 따른 경제성 분석에 관한 연구)

  • Huh, Yong-Jeong;Lim, Ju-Yeon;Youm, Moo-Youl;Leem, Sa-Hwan
    • Journal of the Korean Institute of Gas
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    • v.20 no.1
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    • pp.23-28
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    • 2016
  • "Eco-friendly" automobile has been a symbol of the Low Carbon, Green Growth strategy that Korea government decided to pursue. In line with the recent policy trend, a number of new LPG stations are being constructed. However, communities where mass storage are installed have been suffered from risk of serious accidents. In this work, economic analyses for different installation methods has been performed to prevent accidents in LPG filling station. The review shows that the underground storage is beneficial for the maintenance and the effective land use.

An Extended Benefit-Cost Analysis of Land Consolidation and On-farm Development Project -With Respect to Jigok Land Consolidation and On-farm Development Project in Seosan, Chungnam Province, Korea- (경지정리사업의 확장편익-비용분석 - 충남서산시 지곡지구를 중심으로 -)

  • Lim, Jae-Hwan;Lee, Min-Soo
    • Korean Journal of Agricultural Science
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    • v.29 no.1
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    • pp.66-83
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    • 2002
  • The economic feasibility analysis including benefit-cost ratio and internal rate of return of a land consolidation and on-farm development project was mainly depended upon the direct benefits and costs arising during project life. Therefore the projects were neglected in allocating the government's financial funds and loans on account of the low economic rate of return of the project. Accordingly the extended benefit-cost analysis method should be introduced and adapted to cover not only the benefit s such as non-market values of environmental and food security fun ct ions of the project but also market values of the project outputs. The main purposes of this study are (1) to prepare a guide line for economic feasibility analysis based on the IBRD and ADB guidelines, (2) to estimate the benefits from productivity increase, labor saving, savings of O&M cost of farm mechanization and project facilities, savings of farmer's burden for their public health, increasing environmental and public functional value of paddy fields, improving food security condition and formation of peaceful and uncontroversial rural society by implementing the land consolidation and on-farm development, (3) to introduce the newly adapted analytical method as the extended benefit cost analysis which could make possible to be included the values of non-market goods such as the food security and the environmental public function of paddy fields. To carry out this study, the existing publications on the guidelines for economic agricultural projects were reviewed and consultation was made with a For the post evaluation study of the land consolidation and on-farm development project, field survey in Jigok and other comparative area were made to get available information. According to the project completion report, Jigok land consolidation and on-farm development project has 55ha of benefit area out of 69ha of gross area. The project was started in November 11th, 2000 and completed october 30th, 2001. The total project costs were amounted to 2,548 million won and the annual project benefits were estimated at 335million won evaluated by domestic market prices. The ERR(Economic Rate of Return) and SRR(Social Rate of Return) of the project based on the shadow pricing system were estimated at 4.4% and 16% respectively. On the other hand, the ERR and SRR based on the domestic market value system were amounted to 6.37% and 14.62%. In conclusion, Korean land consolidation and on-farm development projects have not carried out from the view point of economic rate of return under shadow pricing system but from the view point of domestic pricing system. For the future feasibility studies on land consolidation projects have to be carried out including the non-market values as environmental and food security function of the projects.

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Estimating Economic Value of Environmental Resource - Focussed on the Preservation Value of Bong-seo Mt. by Using the CVM in Cheonan City (환경자윈의 경제적 가치평가에 관한 연구 - 천안시 봉서산의 보존가치 추정을 중심으로 -)

  • 이지은;허승욱
    • Korean Journal of Organic Agriculture
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    • v.11 no.1
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    • pp.39-53
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    • 2003
  • This study attempted to estimating economic value of environmental resource by using the contingent valuation method(CVM), known as one of the tool measuring the economic benefits. To analysis the preservation value of Bong-seo Mt.. the surveys were conducted for citizens resident in Cheonan city. The sample sizes of the survey were 200 respectively. The survey method adopted face-to-face interview method as a mean of correcting useful response. This study considers models for evaluating the willingness to pay(WTP) based on payment card contingent valuation survey data and has attempted to measure goodness of fit for the data obtained from the survey design. It was estimated that the average WTP of Cheonan citizens for a maintenance and management of Bong-seo Mt. was 5,010 won per month and 60 ,118 won per year. When it is translated by total number of households in Cheonan city, there is the preservation value of approximately 8.8 billion won per year. On the other hand, total expense of development increased about 1.7 times over including application of the preservation value.

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Spectral Analysis Technique Applied to Magnetic Profile Data for Magnetic Depth Estimates (측선자력의 스펙트럼분석에 의한 자성체 심도추정)

  • Baag, Czango;Baag, Chang-Eob
    • Economic and Environmental Geology
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    • v.22 no.1
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    • pp.81-87
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    • 1989
  • Many depth estimation techniques for magnetic exploration, such as the slope methods, graphica1 methods, spectral analysis, and Fourier ana1ysis have been published. Nevertheless, it appears that the half-slope method of Peters(1949)and the maximum-slop method of Vacquier et. al. (1951)are more popular and widely used by geophysicists in the hydrocarbon exploration industry. The slope methods are not only simpler and easier to use but are also genera1ly reliable. The spectral method is fast, effective, and powerful in the determination of an average depth. The often unreliable results produced from spectral techniques are attributed to their application to isolated magnetic anomaly cases. The reliability and limitations associated with the method are given in order to minimize problems and increase accuracy in the application of the method.

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Model Development for Increasing Shippers′ Attraction of Small and Medium Ports: With the Focus on Kunsan Ports (중소형항만의 화주유인증대를 위한 모형개발에 관한 연구 - 군산항을 중심으로-)

  • 여기태;박은보;강래영
    • Journal of Korea Port Economic Association
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    • v.20 no.1
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    • pp.141-151
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    • 2004
  • Although the small and medium ports are actually competing with various strategies, the definition and structural understanding of small and medium ports are not known very much. Therefore this study has launched from this fact, and has the objective of obtaining the structural model for increasing shippers' attraction of small and medium ports. The process began by abstracting the components that composed the success factors through recent research, and grouping it by FA(Factor Analysis) method. Also, by using the FSM(Fuzzy Structural Modeling) method to understand the structure of the grouped components, and the structural model for increasing shippers' attraction of small and medium ports was able to obtain as the result. When analyzing the obtained structural model, easiness of shipment, connection to hubport and efficiency of hinterland network came out to be the most important component groups.

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Surface Roughness Characterization of Rock Masses Using the Fractal Dimension and the Variogram (Fractal 차원과 Variogram을 이용한 암반 불연속면의 굴곡도 특성 서술)

  • Lee, Young-Hoon
    • Economic and Environmental Geology
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    • v.27 no.1
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    • pp.81-91
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    • 1994
  • There has been considerable research dealing with the influence of surface roughness along surfaces of rock discontinuities in relation to the peak shear strength of rock masses. Concepts accepted recently for measuring such strength include estimation of a roughness coefficient such as developed by Barton's studies. The method for estimation the Joint Roughness Coefficient (JRC) value of a measured roughness profile is subjective. The aim of this research is to estimate the JRC value of the roughness of a surface profile in a rock mass system using an objective method. The study of roughness of surfaces has included measurement of fractal geometric characteristics. Once the irregularity of the surface has been described by the fractal dimension, the spatial variation of the surface irregularities can be described using variogram and drift analysis. An empirical relationships between the roughness profiles of selected JRC ranges and their fractal dimension with variogram and drift were derived. The application of analyses of fractal dimension, variogram and drift was novel for the analysis of roughness profiles. Also, an empirical equation was applied to experimental data.

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The Effect of Economic Participatory Change on Unmet Needs of Health Care among Korean Adults (한국 성인의 경제활동 참여변화가 미충족 의료에 미치는 영향: 4·5차 한국의료패널자료를 이용하여)

  • Song, Hai-Yan;Choi, Jae-Woo;Park, Eun-Cheol
    • Health Policy and Management
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    • v.25 no.1
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    • pp.11-21
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    • 2015
  • Background: The objective of this research is to investigate and provide analysis of the economic participatory change affecting the unmet needs of health care in Korean adults. Methods: We used Korea health panel 4th and 5th data of 10,261 adults. The method of investigation is threefold. First, We identified the regional factors affecting unmet needs of health care. Second, we analyzed the effect of economic participatory change as it affects the unmet needs of health care. Third, we also investigated whether there were discernable differences between the age subgroups. Results: It was determined that influencing factors included sex, education, economic level, and health status. And after the subgroup analysis of age, we found that the economic participatory change was associated with the economical unmet needs of health care especially for those over 40 years of age. Also the population are facing unemployment enduring particular economic hardship in meeting their medical needs. Conclusion: This study finds that there are some policy recommendations for the sake of medical service equality. Medical welfare policy for those 40 years of age and older has been identified as an area that needs improvement. And considering that those 40 years of age and older are facing unemployment enduring particular economic hardship in meeting their medical needs, this study finds a need for government sponsored medical stipends or subsidizing of medical premiums, co-payment, and other fees.

The Analysis of North Korea's Economic Policy Trends through Topic Modeling (토픽모델링을 통한 북한의 경제정책 동향 분석)

  • Kang, Kyung Hwa
    • Smart Media Journal
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    • v.9 no.4
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    • pp.44-51
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    • 2020
  • Since the mid-to-late 1990s, there have obviously been many changes in the North Korean economy. Since the change has been more pronounced since Kim Jong Un took power in 2012, the purpose of the paper is to track the trend of economic policy by timing. In this paper, I use LDA Topic Modeling, a text-mining analyzer method, to analyze the economics journal "Economic Research," which is a representative literature in the economic field published in North Korea. An in-depth analysis of the "economic research," which has an unrivaled position as an economic journal produced in North Korea, can be said to be an essential task in tracking the reality, limitations facing the economy and alternatives that North Korean authorities are aware of. Through the "Economic Research," where various topics of debate on the North Korean economy are hidden, the North Korean leader's economic policy flow is examined and the contents of the "change" intended by the current Kim Jong-un regime are analyzed.

Estimation of Optimum Capacity for Rainwater Storage Facilities based on Mass Balance and Economic Analysis (Mass-balance 및 경제성 분석에 의한 빗물저류시설 적정 규모 산정)

  • Kim, Youngmin;Lee, Sangho;Lee, Jung-Hun;Kim, Ree-Ho
    • Journal of Korean Society of Water and Wastewater
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    • v.22 no.2
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    • pp.233-238
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    • 2008
  • Recently, rainwater harvesting facilities have increasingly constructed mainly in elementary schools and government buildings. Nevertheless, few methods are available for efficient planning and design of rainwater harvesting facilities by considering the weather conditions and purpose of rainwater management in each site, which may lead to a construction of uneconomic facilities. The current method estimates the size of rainwater storage tank by multiplying the size of building or plottage with a certain ratio and has many limitations. In this study, we first developed a method for planning and design of rainwater storage facilities using $Rainstock^{TM}$ model, which is based on mass balance, and economic analysis. Then, the model was applied for the design of a rainwater harvesting facility in a building with the catchment area of $1,000m^2$. The model calculation indicated that the economic feasibility of rainwater harvesting depends on not only the size of storage tank but also the water usage rate. When the water usage rate is $1m^3/day$, the rainwater harvesting facility is not cost-effective regardless of the size of the storage tank. With increasing the water usage rate, the economical efficiency of the facility was improved for a specific size of the storage tank. Based on the model calculation, the optimum tank sizes for $5m^3/day$ and $10m^3/day$ of water usage rates were $24m^3$ and $57m^3$, respectively. It is expected that the model is useful for optimization of rainwater storage facilities in planning and designing steps.