• Title/Summary/Keyword: marginal aggregate

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Probabilistic Precontract Pricing for Power System Security (전력계통 안정성확보를 위한 확률적 예약요금제)

  • 임성황;최준영;박종근
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.43 no.2
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    • pp.197-205
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    • 1994
  • Security of a power system refers to its robustness relative to a set of imminent disturbances (contingencies) during operation. The socially optimal solution for the actuall level of generation/consumption has been well-known spot pricing at shot-run marginal cost. The main disadvantage of this approach arises because serious contingencies occur quite infrequently. Thus by establishing contractual obligations for contingency offering before an actual operation time through decision feedback we can obtain socially optimal level of system security. Under probabilistic precontract pricing the operating point is established at equal incremental cost of the expected short-run and collapse cost of each participant. Rates for power generation/consumption and for an offer to use during a contingency, as well as information on the probability distribution of contingency need for each participant, are derived so that individual optimization will lead to the socially optimal solution in which system security is optimized and the aggregate benefit is maxmized.

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Analysis of Management Status and Optimum Production Scale of Quarrying Firms in Korea -Comparative Analysis of Aggregate and Building-Stone Quarrying Firms- (산지채석업체(山地採石業體)의 경영실태(經營實態) 및 적정규모설정(適正規模設定) -골재용(骨材用) 채석업체(採石業體)와 건축용(建築用) 채석업체(採石業體)의 비교(比較) 분석(分析)-)

  • Joung, Ha Hyeon;Cho, Eung Hyouk
    • Journal of Korean Society of Forest Science
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    • v.80 no.1
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    • pp.72-81
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    • 1991
  • This study was carried out to provide necessary information for improving quarrying industry management in Korea. The results of the study are summarized as follows : 1. In aggregate and building-stone quarrying firms the managers over 40 years of age are 97% and 89.1%, the ones above education level of high school are 90% and 85% and the ones not more than 10 years of quarrying experience are 70% and 52%, respectively. Accordingly it can be pointed out that most of the managers of two types of firms are relatively old, have high educational background, while quarrying experiences of building-stone firm managers are longer than that of aggregate firm managers. 2. Most of the management forms are social corporation(60%) for aggregate quarry firms and private management(76%) for building-stone firms. Average areas of permitted stone-pits of aggregate and building-stone quarries are about 2.86ha and 1.66ha respectively. That is, aggregate quarrying firms are carried on a larger scale than building-stone quarrying firms. 3. The yearly average product of aggregate quarrying firms has increased steadily from $88.961m^3$ in 1985 to $144.028m^3$ in 1988, while, in case of building-stone quarry firms, it has significantly increased from $4.155m^3$ to $19.462m^3$ from 1985 to 1987, but reduced to $13.400m^3$ in 1988. Unstable production activities of building-stone quarrying firms may require continuous government support. 4. Major cost items are equipment rental, depreciation, salaries, repair, maintenance for aggregate quarrying firms, and salaries, depreciation, fuel, tax for building-stone quarrying firms. The yearly average rate of return is about 9.7% for aggregate quarry firms and 2.6% for building-stone quarry firms. It can be pointed out that aggregate quarrying firms is better managed than building-stone quarrying firms. 5. The production elasticity of salary for aggregate quarrying firms is 0.495, that of employees is 0.559, and that of capital service is 0.513. The sum of the elasticities is 1.257>1. Fur building-stone quarrying firms, that of employees is 0.492, that of variable costs is 0.192, and that of capital service is 0.498. The sum of elasticities is 1.172>1, thus denotes the increasing returns to scale for both types quarrying firms. 6. The ratio of marginal value product to opportunity cost of empolyees is 2.54, that of variable costs is 3.62, and that of capital service is 1.45, in aggregate quarrying firms. That of employees is 2.47, that is variable costs was 2.34, and that of capital service is 19.67 in building-stone quarrying firms. Therefore the critical factors for more expansion of management scale in aggregate quarrying firms are variable cost and employees, and are capital service in building-stone quarry ing firms. 7. The break-even points of stone sales are about 0.587 billion won and 0.22 billion won in aggregate and building-stone quarrying firms respectively. The optimum sales Level for profit maximization are about 2.0 billion and 0.5 billion in aggregate and building-stone quarry firms respectively.

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Wood Anatomy of Some Korean Angiosperm (II) - A Comparative Wood Anatomy of Juglandaceae - (국산(國産) 활엽수재(闊葉樹材) 자원(資源)의 목재조직(木材組織) (II) - 가래나무과(科) 수목(樹木)의 비교목부조직(比較木部組織) -)

  • Park, Sang-Jin;Kang, Ae-Kyung;Kim, You-Jung;Kim, Jae-Woo;Lee, Jung-Suk
    • Journal of the Korean Wood Science and Technology
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    • v.23 no.3
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    • pp.82-87
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    • 1995
  • Anatomical characteristics of genus Platycarya, Juglans and Pterocarya of Juglandaceae occurring in Korea were described and coded based on the IAWA list. Juglandaceae are ring-porous or semi-ring-porous. Vessels have simple perforation plates and helical thickenings in some genus. Axial parenchyma cells were abundant, most apotracheal but rarely paratracheal and rays with 1-5 seriate. Platycarya is ring-porous wood with 2-3 rows of vessels in the pore zone. Helical thickenings were found only in small vessel of latewood. Axial parenchyma were commonly diffuse-in-aggregates or vasicentric. Rays 3-5 seriate. belonging to Kribs' heterogeneous II or III type with frequent occurrence of rhomboidal crystals. Juglans are semi ring-porous with few vessels in $mm^2$ and pores are commonly solitary. Axial parenchyma were diffuse-in-aggregate or marginal. Rays were mostly homocellular and 3-5 seriates. Pterocarya is similar to Juglans in anatomical features but the reticulate parenchyma consisting of 1 layer on transverse section and biseriate rays.

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A Comparison Analysis of the Labor Efficiency between Quality-Adjusted Labor and Quality-Unadjusted Labor in Jeju Mandarin Production -Based on the Difference in Market Wages- (농업 노동의 질적 차이를 반영한 감귤 생산 노동투입 효율성 비교 분석 -시장 임금차이를 기준으로-)

  • Lee, Bong-Sil;Yu, Young-bong
    • Journal of Agricultural Extension & Community Development
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    • v.28 no.3
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    • pp.153-165
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    • 2021
  • This study aims to analyze the difference in production elasticity based on the types of agricultural labor input regarding its qualitative difference in Jeju mandarin production. To estimate the production function of qualityadjusted labor, we have set up a Quality-Adjusted Index based on the market wage of the agricultural field. We have conducted a multiple regression analysis of the newly estimated labor inputs using the Ordinary Least Squares regression. Results show that the production efficiency of aggregate total labor hours (quality-unadjusted labor input) is overestimated compared to quality-adjusted labor with qualitative labor homogeneity. Moreover, by analyzing household labor and employment labor, we have observed that the marginal productivity of household labor exceeds that of employment labor. In conclusion, this study verifies that securing labor input homogeneity is crucial for analyzing agricultural labor hours' economic efficiency accurately.

Modeling and Analysis of Wireless Lan Traffic (무선 랜 트래픽의 분석과 모델링)

  • Yamkhin, Dashdorj;Lee, Seong-Jin;Won, You-Jip
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.33 no.8B
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    • pp.667-680
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    • 2008
  • In this work, we present the results of our empirical study on 802.11 wireless LAN network traffic. We collect the packet trace from existing campus wireless LAN infra-structure. We analyzed four different data sets: aggregate traffic, upstream traffic, downstream traffic, tcp only packet trace from aggregate traffic. We analyze the time series aspect of underlying traffic (byte count process and packet count process), marginal distribution of time series, and packet size distribution. We found that in all four data sets there exist long-range dependent property in byte count and packet count process. Inter-arrival distribution is well fitted with Pareto distribution. Upstream traffic, i.e. from the user to Internet, exhibits significant difference in its packet size distribution from the rests. Average packet size of upstream traffic is 151.7 byte while average packet size of the rest of the data sets are all greater than 260 bytes. Packets with full data payloads constitutes 3% and 10% in upstream traffic and the downstream traffic, respectively. Despite the significant difference in packet size distribution, all four data sets have similar Hurst values. The Hurst alone does not properly explain the stochastic characteristics of the underlying traffic. We model the underlying traffic using fractional-ARIMA (FARIMA) and fractional Gaussian Noise (FGN). While the fractional Gaussian Noise based method is computationally more efficient, FARIMA exhibits superior performance in accurately modeling the underlying traffic.

ONE-VISIT APEXIFICATION USING MINERAL TRIOXIDE AGGREGATE (MTA를 이용한 미성숙 영구치의 즉일 치근단형성술)

  • Yeom, Soon-Joon;Park, Ki-Tae
    • Journal of the korean academy of Pediatric Dentistry
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    • v.28 no.3
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    • pp.480-487
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    • 2001
  • In children and adolescents, oral and maxillofacial trauma is one of the most common causes of dental and periodontal damage, which often induces crown fracture of the permanent anterior teeth. Frequently, these traumatized teeth lose their vitality, and require routine endodontic treatment if their root apices are closed. However if their apices are not fully closed, further root formation should be promoted by apexification or apexogenesis. Calcium hydroxide is a biocompatible & bacteriostatic material, and is widely used for apexification. However it has several disadvantages which include the need for multiple visits and patient cooperation, low strength and technical sensitivity in a broad apex. In one-visit apexification using IRM or SuperEBA, patient's visits can be minimized. However, their biocompatibility is questionable. Mineral trioxide aggregate(MTA) is a relatively new material. It is considered biocompatible with periapical hard tissue and has good marginal sealing ability. MTA is also known to help facillitate the growth of the cementum around it. In this case report, apexification with MTA was attempted on traumatized maxillary central incisors with immature root apices, and favorable clinical results were achieved.

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Global Value Chain and Misallocation: Evidence from South Korea

  • Bongseok Choi;Seon Tae Kim
    • Journal of Korea Trade
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    • v.26 no.4
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    • pp.1-22
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    • 2022
  • Purpose - This paper empirically investigates the effect of a rise in the global value chain (GVC) on the industry-level efficiency of resource allocation (based on plant-level inefficiency measures) in Korea, with a focus on various channels through which a rise in the GVC can increase competition among firms and thus induce resources to be allocated more efficiently across firms. Design/methodology - We empirically investigate the relationship between the industry-specific importance of GVC and the industry-level allocative inefficiency that is measured as the dispersion of the plant-level marginal revenue of capital (MRK) as in Hsieh and Klenow's (2009) influential model. We compute MRK dispersion for industries sorted by various characteristics that are closely related to firm/industry sensitivity to the GVC. In other words, we compute the average industry-level MRK dispersion for industries sorted by industry-specific importance of GVC and compute the difference between the two groups of industries (higher vs. lower than the median GVC); we also calculate the difference between industries sorted by industry-specific export (import) intensity. This is our difference-in-difference estimate of the MRK dispersion associated with the GVC for the export (import)-intensive industry versus the non-export (non-import)-intensive industry. This difference-in-difference estimate of the MRK dispersion conditional vs. unconditional on firm-level productivity is then calculated further (triple-difference estimate). Findings - A rise in GVC is associated with a decrease in the MRK dispersion in the export-intensive industry compared to the non-export-intensive industry. The same is true for industries that rely heavily on imports versus those that do not (i.e., import intensive vs. non-intensive). Furthermore, the reduction in the MRK dispersion in the export-intensive industry associated with an increase in the GVC is disproportionately greater for high-productivity firms. In contrast, the negative relationship between GVC and MRK dispersion in the import-intensive industry is disproportionately smaller for high-productivity firms. Originality/value - Existing studies focus on the relationship between GVC and aggregate output, exports, and imports at the country level. We investigate detailed firm/industry-level mechanisms that determine the relationship between GVC, trade, and productivity. Using the plant-level data in South Korea, we investigate how GVC is related to the cross-firm MRK dispersion, an important measure of allocative inefficiency, based on Hsieh and Klenow's (2009) influential economic theory. This is the first study to provide plant-level evidence of how GVC affects MRK dispersion. Furthermore, we examine how the relationship between GVC and MRK-dispersion varies across export intensity, import intensity, and firm-level productivity, providing insight into how GVC can affect firms' exposure to competition in the global market differently depending on market conditions and thus generate trade-related productivity gains.

Diagnostic Accuracy of Ultrasonograph Guided Fine-needle Aspiration Cytologic in Staging of Axillary Lymph Node Metastasis in Breast Cancer Patients: a Meta-analysis

  • Wang, Xi-Wen;Xiong, Yun-Hui;Zen, Xiao-Qing;Lin, Hai-Bo;Liu, Qing-Yi
    • Asian Pacific Journal of Cancer Prevention
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    • v.13 no.11
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    • pp.5517-5523
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    • 2012
  • Purpose: To evaluate the diagnostic accuracy of ultrasonograph and fine-needle aspiration cytologic examination (USG-FNAC) in the staging of axillary lymph node metastasis in breast cancer patients.Methods: We conducted an electronic search of the literature addressing the performance of USG-FNAC in diagnosis of axillary lymph node metastasis in databases such as Pubmed, Medline, Embase, Ovid and Cochrane library. We introduced a series of diagnostic test indices to evaluate the performance of USG-FNAC by the random effect model (REM), including sensitivity, specificity, likelihood ratios, and diagnostic odds ratios and area under the curve (AUC). Results: A total of 20 studies including 1371 cases and 1289 controls were identified. The pooled sensitivity was determined to be 0.66 (95% CI 0.64-0.69), specificity 0.98 (95% CI 0.98-0.99), positive likelihood ratio 22.7 (95% CI 15.0-34.49), negative likelihood ratio 0.32 (95% CI 0.25-0.41), diagnostic OR 84.2 (95% CI 53.3-133.0). Due to the marginal threshold effect found in some indices of diagnostic validity, we used a summary SROC curve to aggregate data, and obtained a symmetrical curve with an AUC of 0.942. Conclusion: The results of this meta-analysis indicated that the USG-FNAC techniques have acceptable diagnostic validity indices and can be used for early staging of axillary lymph node in breast cancer patients.

Time Series Representation Combining PIPs Detection and Persist Discretization Techniques for Time Series Classification (시계열 분류를 위한 PIPs 탐지와 Persist 이산화 기법들을 결합한 시계열 표현)

  • Park, Sang-Ho;Lee, Ju-Hong
    • The Journal of the Korea Contents Association
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    • v.10 no.9
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    • pp.97-106
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    • 2010
  • Various time series representation methods have been suggested in order to process time series data efficiently and effectively. SAX is the representative time series representation method combining segmentation and discretization techniques, which has been successfully applied to the time series classification task. But SAX requires a large number of segments in order to represent the meaningful dynamic patterns of time series accurately, since it loss the dynamic property of time series in the course of smoothing the movement of time series. Therefore, this paper suggests a new time series representation method that combines PIPs detection and Persist discretization techniques. The suggested method represents the dynamic movement of high-diemensional time series in a lower dimensional space by detecting PIPs indicating the important inflection points of time series. And it determines the optimal discretizaton ranges by applying self-transition and marginal probabilities distributions to KL divergence measure. It minimizes the information loss in process of the dimensionality reduction. The suggested method enhances the performance of time series classification task by minimizing the information loss in the course of dimensionality reduction.

SO2 Emission Permits Tradable under Exchange Rates : U.S. Case (다수 거래비율하에서의 SO2 배출권 거래 : 미국 사례)

  • Hlasny, Vladimir
    • Environmental and Resource Economics Review
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    • v.20 no.4
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    • pp.689-733
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    • 2011
  • This study evaluates a novel scheme to trade sulfur dioxide emission permits subject to non-uniform rates. These rates are based on generators' marginal costs of compliance with environmental policy in a hypothesized least social-cost solution. This scheme is compared against the existing trading program used by the U.S. Environmental Protection Agency, featuring permits tradable one for one. Both policies are modeled to yield identical aggregate emissions. A numerical partial-equilibrium model of the U.S. energy industry is used to infer sulfur dioxide concentrations and health damages, as well as producer and consumer surplus, under the two policies. Regional pollution levels are found to vary across the two policies significantly. The system of exchange rates is estimated to outperform the uniform-trading scheme by $2.2 billion in industry profits and $2.1 billion in health damages, but to reduce consumer surplus by $6.7 billion. Paradoxically, exchange rates are thus estimated to lower total welfare by $2.5 billion. This is due to conceptual mechanism-design problems, as well as empirical issues.

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