• Title/Summary/Keyword: economic life

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Design of a Life Test Sampling Plan Based on the Cost Model

  • Kwon, Young-Il
    • International Journal of Reliability and Applications
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    • v.6 no.1
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    • pp.31-39
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    • 2005
  • An economic life test sampling plan for products with exponential lifetime distribution is developed. To reduce test time, a test plan with curtailed Type II censoring is considered. A cost model is constructed which involves three cost components; test cost, accept cost, and reject cost. Determination of optimal plan minimizing the expected average cost per lot is discussed with a constraint related to consumer's risk. Some numerical examples are provided.

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An Economic Order Quantity Model under Random Life Cycle (불확실한 수명주기의 제품에서의 경제적 주문량 모형)

  • Yun, Won-Young;Moon, Il-Kyeong
    • Journal of Korean Institute of Industrial Engineers
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    • v.19 no.1
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    • pp.73-77
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    • 1993
  • This paper considers an Economic Order Quantity Model under random life cycle. It is assumed that the life cycle of the product is unknown; a random variable. Three cost parameters are considered; ordering cost, inventory carrying cost and salvage cost. Expected total cost is the optimization criterion. We show that the optimal cycle length is unique and finite, and present a simple line search method to find an optimal cycle length.

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Economic Feasibility and Environmental Implications for the Use of Seaweed By-products as Feed for Ruminants (미이용 해조류를 활용한 축우용 사료화에 따른 경제성과 환경성 분석)

  • Nam Lee Kim;Il Ki Hwang;Sam Churl Kim;Young Ho Joo;Shin Kwon Kim
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.57 no.4
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    • pp.336-341
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    • 2024
  • In this study, the economic and environmental feasibility of seaweed by-products as livestock feed ingredients was evaluated. In the last three years (2021-2023), the estimated average annual production of domestic seaweed by-products, including processing residuals from sea mustard and kelp, was 210,000 tons. The economic feasibility analysis of using seaweed by-products as livestock feed indicated a net benefit of 482,237 KRW per ton. Additionally, substituting seaweed by-products at 0.25% 0.5%, 1%, and 2% in livestock compound feed generated net benefits of 6.5, 12.9, 25.9, and 51.7 billion KRW, respectively. The potential market value was analyzed from an environmental perspective by examining the greenhouse gas reduction potential of seaweed additives. By adding 2% laver, 2% sea mustard, and 0.25% sea mustard sporophyll to the feed, greenhouse gas emissions could be reduced by economic values estimated at 10.8, 11.4, and 15.6 billion KRW, respectively. The findings of this study suggest that the use of seaweed by-products livestock as feed ingredients can generate economic and environmental benefits.

A Study on Influence of the Life Satisfaction for the Elderly Women with Disabilities -Focusing on Moderation Effect of Preparation for the Later Life Factor - (고령여성장애인 삶의 만족도에 관한 연구 - 노후준비 조절효과를 중심으로 -)

  • Park, Ju Young
    • 재활복지
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    • v.17 no.4
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    • pp.53-77
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    • 2013
  • The purpose of this study was elderly women with disabilities to increase life satisfaction from the recognition that were original goals. Factors affecting life satisfaction confirm, and in influencing aging affects looked ready. In the case of non-disabled people was life satisfaction showed a link between preparation for the later life. Expected life satisfaction of elderly women with disabilities were equally applicable whether verification was carried out. The results of this study were as follows: First, the difference in life satisfaction according to demographic factors, psychological factors, health factors, economic factors, social factors were all of the factors in the elderly group of women with disabilities in accordance with the life satisfaction were different. Second, the factors that influence the life satisfaction for the elderly women with disabilities were psychological factors, health factors, economic factors, social factors and demographic factors. Third, in relation to independent variable and dependent variable, preparation for the later life factor was found operating as moderation variable in relations between level of economic status, chronic diseases. Based on this results, the implications for future studies on women with disabilities were discussed.

An Analysis on Changing Pattern of Economic Active Population by Working Life Table for Korean Men (우리나라 노동생명표에 의한 노동력추이 분석)

  • 조진만
    • Korea journal of population studies
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    • v.13 no.2
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    • pp.1-18
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    • 1990
  • This is a study which attempt to analyze changing patierns of economic active popu-lation, t o estimato- future patterns, and exa- mine vartons problems arises by changing c ire u mst ances of t he labor force market in- clunging soici al, economic ic, heathl th and demoi-graph ic aspects. We have constructed series of wotking life table which are useful in syt uiolyioig the lirocess of growth and structural change of labor force. Work i ng life tables represent ihie life eyele of econrmic' activity in hi ypothetical cohorts, that is. gen-erat i on of men Sn bject at eat' b period ot f their lives th given ra to's o mor tali it y and of par-- tici pation in economic activities. The tabloes prot' ide measorues of the alvet'age he ng t able of economically aeti \- e life. and agespecific rates of en trannee' into and retirement from the hahn' force. In const routing working life tables, age-specific activity rates and life tabole popula- titoto which represents contemporary condi-tions of moortality in Korea au'e the basic' maltoerials. We have derived the age-specific rates foorm economically active population survey, whoich were conducted by the Bureau of Statistics, Economic Planning Borard of the Korean government. Working life tables are constructed for men wtable these materi- als in the year of 1970, 1980 and 1988 by a modified Wolfbein-Wool's method. Some of the findings may be summerized as follow : 1) A central part of constructing working life table is calculation of stationary' economic active population, which represents the number of men in the stationtary population extoected to be in the labor force at each age group in the life span. The stationary economic active population by age have generally a universal pattern, where they rise sharply in the early twenties, approach its' peak in the thirties decline thereafter. at first graolually and then more rapidly at an advanced age. Korean men show the same general pa ttern of age distribution of stationary eco-- nomic active population with sharp increase hegining from the age interval of 20 to 24, reaching to maximum level at older age. The population. however, presumably, increased substantially due to increaseing school atte endance rates. Another difference exiSts in the youngest age groups, that is the activity rate in the year of 1988 is lower than that of Japan. The table shows an analysis of changes in the age distrihution of labor force between 1970, 1980 and 1988. 2) It was shown an analysis of changes in the age distribution and cause of separation from labor force. The entrance rate to labor force has increased from 18~\5 persons to 299 persons per 1000 head of stationary population between that of 1980 than that of 1988 for Korean men in 20~24 age group. The entrace rate to labor force shows a rapid entrance appearance concentrated on the 15~24 age group. The separation rate from labor force by retirment in Korea in the year of 1988 shows a great difference of the about four times as much as that of Japan. 3) The functions of table illustrate the patterns of working life of males in Korea in 1970, 1980 and 1988. The average remaining number of economically active years, e at age 15 in 1988 is 46.39 which is 2.12 years of increase compared with that of at age 15 in 1970,1980 and 1988 are 43.90,44.27 and 46.39 respectively, showing steadily increase dur- ing the past double decade the increase in the length of economically active life various age may be considered to have come both from extention of general life expectancy and from increasing entrance rate to economic activity in high age that of working is far greater in 1988 than that of 1980. The gaps between expectation of life and average remaining years of economically active widened due to rapid improvement of mortality level in Ko- rea. This observation together with the population pressure by the appearance of a group of younger population implies that constant increase of economically inactive population among older age group.

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Sexual Life and Life Satisfaction of Rural Elderly (어촌지역 노인들의 성생활과 삶의 만족도)

  • Lee, Inn-Sook;Kim, Hyang-Sook
    • Journal of Korean Public Health Nursing
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    • v.21 no.2
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    • pp.158-170
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    • 2007
  • Purpose: To measure the sexual life and life satisfaction of the elderly in a rural sea village. Method: Data were collected from November 20, 2006 to January 10, 2007 through a personal. interview with 262 elderly registered at one primary health care post in Gyeongsangnam do using a questionnaire. Results: The mean life satisfaction score was each 20.9. Of the scores related to life satisfaction according to general characteristics, there were statistically significant differences in age(p=.003, p=.026), education level(p=.036), presence of spouse(p=.016), residence(p=.039), economic status(p=.000, p=.013), monthly spending(p=.000, p=.000), economic supporter(p=.001, p=.022), and perceived health condition(p=.005, p=.009). Of the scores related to life satisfaction according to sexual life characteristics, there were statistically significant differences in importance of sexual life(p=.000, p=.047), performance of sexual life(p=.018), frequency of sexual life(p=.006), satisfaction of sexual life(p=.002, p=.005), and sexual life of youth(p=.022, p=.000). Conclusion: We should investigate influencing factors on sexual life and life satisfaction of the elderly and include knowledge about sexual life of the elderly in health promotion programs for the elderly.

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The Development of the Method of Determining Remaining Cited-patent Life Time Using the Survival Curve Analysis (생존곡선을 활용한 잔존 인용특허 수명 추정에 관한 연구)

  • Jun, Seung-Pyo;Park, Hyun-Woo;Yoo, Jae Young
    • Journal of Korea Technology Innovation Society
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    • v.15 no.4
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    • pp.745-765
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    • 2012
  • When attempting to use the income approach for the purpose of technology valuation, it is essential to identify the economic life of the technology in question. From the mid-2000s up to the present, the methods proposed by major Korean institutions for estimating the economic life of technologies have been based on cited patent life (CLT), which is one of the types of technology life. The present study utilizes cited patent life (CLT) to estimate the economic life of technology for the purpose of technology valuation, and proposes a new method of analyzing cited patent life, a method that has been improved by taking into consideration the elapsed period and the time period of investment required for commercialization, two factors which have been hitherto overlooked. Survival curve analysis is a method that has already been widely utilized to estimate the economic life of tangible assets, and this study applies the same method to the calculation of the cited patent life index of technology to provide a more objective method for determining the lifetime of a technology. The remaining life expectancy of cited patent life based on the number of elapsed years was calculated and used to determine the life expectancy of a technology that has reached a specific number of elapsed years, which is referred to as the remaining cited-patent life time (r-CLT).

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An Analysis of the Household Consumption Expenditure Structure by the Korean Economic-Development Plan Years (한국경제개발 계획년도별 가계소비지출 구조분석)

  • 박선미;김영숙
    • Journal of Families and Better Life
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    • v.10 no.2
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    • pp.1-18
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    • 1992
  • The purpose of this study is to consider the socio-economic development and policy in each five-year economic development plan influences of urban households and to seek a plan of household stability and reasonable consumption expenditure on the aspect of Family economics. Data is based on the "Annual Report on the Family Income and Expenditure survey" of the National Bureau of Statistic Economic Planning Board, Republic of Korea and analyzed as follows: First, in analysis to the structure of consumption expenditure, the averaged percentage of each item to total consumption expenditure is estimated by each Economics Development Plan year. Second, in order to analyze the relative importance value of household consumption expenditure, priority correlation order is derived from comparison of characteristics of household consumption expenditures by multiple regression analysis. Third the patterns of consumption expenditure of salary and wage earner's households in all cities are estimated by the household consumption function, marginal propensity to consume, and income elasticity, according to socio-economic variable, and demographic variable. In the recent Korean economy, income level of household is increased and consumption expenditure level is largely increased because of the execution of economic development plan. But the improvement of income derives the increasment of the consumption needs and over-consumption trend is spread due to the import liberization. And above all, the reasonable household management and economic life are needed.

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Economic Preparations for Aging of the Middle and Old-Aged and Their Determinants (중.고령자의 경제적 노후준비와 결정요인)

  • Park, Chang-Je
    • Korean Journal of Social Welfare
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    • v.60 no.3
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    • pp.275-297
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    • 2008
  • The purpose of this study is to analyse economic preparations for aging of the middle and old-aged and their determinants empirically, and then to discuss the findings and implications for the results of analysis. Data from The Social Statistics Survey conducted by Korea National Statistical Office are used in this study. From this dataset, 18,354 Middle and Old Citizens aged between 45 and 59 were selected for this study. The Conceptual framework for this study was based on Andersen's behavioral model and logistic model was used to investigate factors that affect economic preparation for aging. The results of this study can be summarized as follows. First, Proportion of middle and old citizen with no economic preparation for aging was high, and old-aged had lower level of economic preparation for aging than relative less aged. Second, male, education level, marital status, economic activities, recognition of present income, housing ownership, residental location, and total life condition improvement is positively and statistically significantly associated with economic preparations for aging. Third, while male, age, and economic activities is negatively and statistically significantly associated with private economic preparations for aging, education level, recognition of present income, and total life condition improvement is positively and statistically significantly associated with private economic preparations for aging. Fourth, while male, education level, marital status, economic activities, recognition of present income, housing ownership, residental location, and total life condition improvement, expectation of future income is positively and statistically significantly associated with secondary economic preparations for aging, age is negatively and statistically significantly associated with secondary economic preparations for aging.

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The Effects of Related Factors on Quality of Life for the Elderly (노인의 삶의 질 관련요인 분석)

  • Kang, Lee-Ju
    • Journal of Families and Better Life
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    • v.26 no.5
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    • pp.129-142
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    • 2008
  • This study examines how economic and psychological characteristics affect the quality of life (QoL) of elderly individuals age 60 and older, who live in the Seoul-metropolitan area. Relationships among socio-demographic status, economic conditions, psychological characteristics, family life, health status, and QoL are examined by t-test and ANOVA(Duncan's test as post hoc multiple comparisons), and the multiple regression analysis is used to estimate QoL determinants in the elderly. The major findings of the study are as follows. First, younger age, higher education levels, better health status, harmonious family relations, higher levels of household income, lower levels of loneliness, and higher self-esteems are related to higher QoL levels. Second, the impacts of factors on QoL are differentiated according to tercile groups that divide monthly allowance of respondents into three categories: below normal (threshold amount below 21MW), near normal (threshold amount between 21MW and 35MW), and above normal (threshold amount above 35MW). For each tercile group, poor health status or higher loneliness have negative effects on QoL, while harmonious family relationship has a positive effect. For the below-normal group, years of education or self-esteem have positive effects, while age or retirement status have negative effects when controlling for other factors. For the near-normal group, being married, or perceived financial insecurity create lower QoL levels, while higher self-esteem increases QoL levels. For the above-normal group, being widowed, employed, or retired have positive effects on QoL, when controlling for other variables. Third, even among elderly with high allowances, the effects of health status and family relationship are significant determinants that explain QoL levels. This result suggests that, for te elderly, poor health status and poor family relationships severely decrease QoL in later life, regardless of economic condition.