• Title/Summary/Keyword: inversion market

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Analysis of the Stumpage Valuation for Pinus koraiensis Stands in the Research Forest of Kangwon National University

  • Woo, Hee-Sung;Choi, Sang-Hyun;Ahn, Seung-Il;Woo, Jong-Choon
    • Journal of Forest and Environmental Science
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    • v.28 no.1
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    • pp.24-29
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    • 2012
  • This paper assesses the stmpage value of Korean white pine (Pinus koraiensis) stands in the Research Forest of Kangwon National University. Assessment was done by means of the cost value method (Faustmann formula) for age class I, Glaser method for age class II-V, and inversion market method for age class over VI. Generally the value of stumpage is calculated by the inversion market method in the market. However, immature trees and middle age class trees are not assessed in market, and the Korean forest is not old enough to harvest. So, when forests are damaged by attacks from forest fire, blight and harmful insects, the forest cannot be compensated for the loss from the government or insurance company. For this reason, the value of all-age class trees are calculated by using appropriate methods. As a result, the value of age I class stands (0.3 ha) is calculated as 1,786,305 (won), age II-Vclass stands (22.1 ha) 206,677,975 (won) and age VI class and over stands (24.8 ha) 523,789,603 (won).

Demand Forecasting with Discrete Choice Model Based on Technological Forecasting

  • 김원준;이정동;김태유
    • Proceedings of the Technology Innovation Conference
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    • 2003.02a
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    • pp.173-190
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    • 2003
  • Demand forecasting is essential in establishing national and corporate strategy as well as the management of their resource. We forecast demand for multi-generation product using discrete choice model combining diffusion model The discrete choice model generally captures consumers'valuation of the product's qualify in the framework of a cross-sectional analysis. We incorporate diffusion effects into a discrete choice model in order to capture the dynamics of demand for multi-generation products. As an empirical application, we forecast demand for worldwide DRAM (dynamic random access memory) and each of its generations from 1999 to 2005. In so doing, we use the method of 'Technological Forecasting'for DRAM Density and Price of the generations based on the Moore's law and learning by doing, respectively. Since we perform our analysis at the market level, we adopt the inversion routine in using the discrete choice model and find that our model performs well in explaining the current market situation, and also in forecasting new product diffusion in multi-generation product markets.

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Progress of Nanofiltration Hollow Fiber Membrane (NF용 중공사 분리막의 발전)

  • Jang, Hanna;Kim, Seongjoong;Lee, Yongtaek;Lee, Kew-Ho
    • Applied Chemistry for Engineering
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    • v.24 no.5
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    • pp.456-470
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    • 2013
  • Hollow-fiber membranes, is one of the new technologies that is growing rapidly in the past few decades. In addition, separation membranes using polymer materials, have attracted attentions in various fields including gas separation, fuel cells, water treatment, wastewater treatment, and organic separation. Nanofiltration (NF) membranes having the separation characteristics in the intermediate range between ultrafiltration and reverse osmosis (RO) membranes for liquid separation, with relatively low investment cost and operating pressure lower than that of RO membranes, have high permeance and rejection performance of multivalent ions as well as organic compounds of molecular weight between $200{\sim}1000gmol^{-1}$. In this paper, we would like to review the research trends on the various structure control and characterization of NF hollow fiber membranes with respect to materials and the methods of preparation (phase inversion method and interfacial polymerization method). Currently, most of NF membranes have been manufactured by plate and frame types or spiral wound types. But hollow fiber types have delayed in commercial products, because of the weak strength when to produce on the basis of the existing materials, therefore the development of new materials or improvement of existing materials will be needed. If improving manufacturing technology is available, hollow fiber types will replace spiral wound types and gradually show a higher market share.