• Title/Summary/Keyword: marginal effects

Search Result 344, Processing Time 0.02 seconds

Measuring Attribute Levels Influencing Tourists' Preference for Restaurants in Tourist Area and Marginal Willingness to Pay: Among Tourists in Jeonnam Area (관광객 선호도에 영향을 미치는 관광지 음식점의 속성수준 평가 및 한계지불의사액 분석: 전남지역 관광객을 대상으로)

  • Kang, Jong-Heon;Jeong, Hang-Jin
    • Journal of the Korean Society of Food Culture
    • /
    • v.22 no.6
    • /
    • pp.794-800
    • /
    • 2007
  • The purpose of this study was to measure the tourists' preference for alternative restaurants with different combinations of 4 attribute levels: origin description, food type, price and service guarantee. A total of 210 questionnaires were completed from tourists who visited Kwangyang, Suncheon and Yeosu during Jan. 2 - Jan. 15, 2007. Conjoint experiment method was used to develop hypothetical restaurants. Ordinal probit model was used to measure the effects of attribute levels on the tourists' preference. Results of the study demonstrated that the ordinal probit model analysis result for the data indicated excellent model fit. The effects of attribute levels (origin description, traditional food, fusion food, price, service guarantee) on the tourists' preference were statistically significant. As expected, estimates of marginal willingness to pay for origin description(3.063), food type(2.349), and service guarantee(2.356) were statistically significant. Moreover, tourists were more willing to pay for origin description than other attribute levels. Tourists also considered the origin description as the very important attribute. In conclusion, based on conjoint analysis, a model was proposed of marginal willingness to pay of attribute levels. It should be noted that the original model was modified and should, preferably, be validated in future research.

An Empirical Study on the Analysis Model for Self Powered University Selection using University Information DB (대학 정보공시 데이터베이스(DB)를 활용한 자율개선대학선정 예측에 관한 실증연구)

  • Chae, Dong Woo;Jeon, Byung Hoon;Jung, Kun Oh
    • Journal of Information Technology Applications and Management
    • /
    • v.28 no.6
    • /
    • pp.97-116
    • /
    • 2021
  • Due to the decrease in the school-age population and government regulations, universities have made great efforts to secure their own competitiveness. In particular, the selection of universities with financial support based on the recent evaluation of the Ministry of Education has become a major concern enough to affect the existence of the university itself. This paper extracts three-year data from 124 major private universities nationwide, and quantitatively analyzes the variables of major universities selected as self-improvement universities, competency reinforcement universities, and universities with limited financial support. As a result of estimating the selection of self-powered universities using the ordered logit model by hierarchically inputting 12 variables, student competitiveness in the metropolitan area (1.318**), Educational Restitution Rate (4.078***), University operation expenditure index rate (1.088***) values were found. Significant positive coefficient values were found in the admission enrollment rate (45.98***) and the enrollment rate (13.25***). As a result of analyzing the marginal effects, the increase in the rate of reduction of education costs has always been positive in the selection of self-powered universities, but it was observed that the rate of increase decreases in areas of increase of 150% or more. On the contrary, the probability of becoming a Em-powered university was negative in all sectors, but on the contrary, it was analyzed that marginal effects increased at the same time point. On the other hand, the employment rate of graduates was not able to find direct significance with the result of the selection of Self powered universities. Through this paper, it is expected that each university will analyze the possibility and shortcomings of the selection of Self powered universities in policy making, and in particular, the risk of dropout of selection for the vulnerable field can be predicted using marginal effects. It can be used as major research data for both university evaluators, university officials and students.

Effects of Some Liming Materials Application on the Alleviation of the Symptoms of Mn Toxicity Inculding Marginal Leaf Chlorosis (석회류제의 시용이 엽연형 황피발생 억제에 미치는 영향)

  • Lee, Tae-Su;Kim, Myeong-Su;Hong, Sun-Geun
    • Journal of Ginseng Research
    • /
    • v.14 no.1
    • /
    • pp.44-49
    • /
    • 1990
  • Effect of liming material application on the prevention or cure of Mn toxicity symptoms including marginal leaf chlorosis in 3-year-old ginseng plants grown in acidic soils were investigated. It was found that the ratio of Fe to Mn was above about 0.5 and the ratio of Mn to Fe was below about 2.00 in 4-year old ginseng leaves when liming materials were applied in field experiments. It was apparent that the occurrence of marginal leaf chlorosis was decreasing affected by application of Ca, Mg and Fe. The appearance of marginal leaf chlorosis was decreased to about 78 percent in 4-year-old ginseng and to about 69 percent in 5-year-old ginseng, and then the fresh root weight was increased up to 66 percent in 4-year ginseng plants.

  • PDF

A Study on the Effects of the System Marginal Price Setting Mechanism of the Cost Function in Operating Modes of the Combined Cycle Power Plants in Korea Electricity Market (한국전력시장에서 복합발전기의 운전조합별 비용함수의 계통한계가격(SMP) 결정메커니즘 영향에 관한 연구)

  • Yoon, Hyeok Jun
    • Environmental and Resource Economics Review
    • /
    • v.30 no.1
    • /
    • pp.107-128
    • /
    • 2021
  • It has been recognized that implementing the marginal price mechanism to CBP is not acceptable due to the lack of revenue of the marginal generators. This study shows that it is not the problem of marginal price mechanism but the structural problems originated by the suspension of restructuring, the technical limits of RSC program and inaccuracy of the generation cost estimation method. This study explains the method to calculate the cost function in operating modes of the CC generators and proposes the modeling for the CC generators in RSC program. To implementing the cost function in operating modes could give an opportunity to change the price setting mechanism from average to marginal cost. The price setting mechanism based on the marginal cost will be one of the main points to provide the right price signals and to introduce a real-time and A/S markets to prepare the energy transition era.

Study on The Influence of Road Capital to Industry and Productivity Growth in South Korea (한국 도로 자본이 산업에 미친 영향과 생산성 분석)

  • Kook, Woo Kag
    • International Journal of Highway Engineering
    • /
    • v.15 no.2
    • /
    • pp.169-181
    • /
    • 2013
  • PURPOSES : This study is to suggest the Influence of road capital to industry and productivity growth in South Korea. METHODS : Based on the literature review, The relevant policy questions addressed in this report are : cost reduction and Scale elasticities of road, effect of road capital stock on demand for labor, capital and materials, marginal effect of road, industry TFP growth decomposition. RESULTS : The marginal benefits of the road capital at the industry level were calculated using the estimated cost elasticities. Demand for the road capital services varies across industries as do the marginal effects. The marginal benefits are positive for the principal industries. This suggests that for these industries the existing stock of road capital may be under supplied. The contribution of road capital to TFP growth is positive in principal industries. The main contribution of road capital is in the manufacturing industries ; the magnitudes of contribution varies among industries. These results indicate that growth in exogenous demand is most important contributor to TFP growth. CONCLUSIONS : The road capital have a significant effect on employment, private capital and demand for materials inputs in all industries. At a given level of output, an increase in road capital lead to variety to demand for all inputs in all industries.

AN EXPERIMENTAL STUDY OF THE EFFECTS OF DENTIN ADHESIVES ON MARGINAL ADAPTATION OF LIGHT CURED COMPOSITE RESIN (상아질 접착제의 사용에 의한 광중합성 복합레진의 변연접합도에 관한 실험적 연구)

  • Park, Seong-Ho;Lee, Chung-Suck;Park, Dong-Soo;Lee, Chan-Youg;Lee, Seung-Jong
    • Restorative Dentistry and Endodontics
    • /
    • v.15 no.1
    • /
    • pp.141-152
    • /
    • 1990
  • The purpose of this study was to evaluate the effects of dentin adhesives(Gluma$^{(R)}$ and Scotchbond 2$^{(R)}$) on the marginal adaptation of light cured composite resin (Heliosit$^{(R)}$) by using SEM. The recently extracted 30 teeth were used and round cavities were prepared on the occlusal surfaces of the teeth with predesigned depth and diameter. The teeth were divided into three groups. Group 1 : Gluma$^{(R)}$ + Heliosit$^{(R)}$ Group 2 : Scotchbond 2$^{(R)}$ + Heliosit$^{(R)}$ Group 3 : Enamelbond$^{(R)}$ + Heliosit$^{(R)}$ Filling with Heliosit, the teeth were stored in saline solution for 24 hours. After the thermocycling procedure, the teeth were cut vertically into the restorations. The SEM observation was carried out to evaluate the marginal adaptation of the composite resin. The following results were obtained. The following results were obtained. 1. The groups using Gluma$^{(R)}$ and Scotchbond 2$^{(R)}$ showed better than the control group on marginal adaptation to the dentin. 2. The group using Gluma$^{(R)}$ was superior to the group using Scotchbond 2$^{(R)}$, but the difference was not significant. 3. In all groups, the marginal gaps were wider on the pulpal walls than on the lateral walls of restorations.

  • PDF

An Experimental Study on the Effects of the Margin Designs and Composite Resins on the Marginal Leakage of Class V Resin Restorations (V 급 와동 변연부 형태 및 복합레진 종류에 따른 변연 누출에 관한 실험적 연구)

  • Sin, Yong-Pil;Lee, Chan-Young;Lee, Seung-Jong;Lee, Chung-Suck
    • Restorative Dentistry and Endodontics
    • /
    • v.12 no.1
    • /
    • pp.107-116
    • /
    • 1986
  • The primary aim of this study was to assess the effects of the margin designs and composite resins on the marginal leakage of Class V resin restorations. 60 Class V cavities with $90^{\circ}$ butt joint, 60 with $45^{\circ}$ bevel joint, and 60 with concave joint were prepared on the labial surfaces of 38 extracted anterior teeth and the buccal and lingual surfaces of 71 premolars, and classified as the butt group, bevel group and concave group, respectively. After completion of the cavity preparation, Heliosit${(R)}$ was filled in 20 butt joint cavities, 20 bevel joint cavities, and 20 concave cavities. And Hi-Pol$^{(R)}$ and Palfique$^{(R)}$ were filled in the same manner, respectively. After finishing, all specimens were subjected manually to 50 thermal cycles at $4^{\circ}C$, $37^{\circ}C$, and $60^{\circ}C$. They were immersed in 0.5% methylene blue solution for 24 hours, and buccolingually sectioned with sectioning machine. The sectioned specimens were examined under the light microscope. The results indicated the following: 1. The bevel group showed the least amount of marginal leakage compared with the other two design groups, but the statistical analysis showed no significant difference at the 95% confidence level. 2. Hi-Pol$^{(R)}$ group showed the most severe marginal leakage compared with the other composite resin materials, but there was no significant difference in the groups. 3. The bevel-Heliosit$^{(R)}$ subgroup, which was filled with Heliosit$^{(R)}$ in the beveled cavities, showed the least amount of marginal leakage, but there was no significance in all the subgroups.

  • PDF

Second-Order REML for Random Effects Models

  • Ha, Il-Do;Cho, Geon-Ho
    • Journal of the Korean Data and Information Science Society
    • /
    • v.12 no.1
    • /
    • pp.19-25
    • /
    • 2001
  • Random effects models which describe the dependence via random effects in various correlated data have recently received considerable attention in the biomedical literature. They include mixed linear models (MLMs), generatized linear mixed models (GLMMS) and hierarchical generalized linear models (HGLMs). For the inference Lee and Nelder (2000) proposed the first-and second-order REML (restricted maximum likelihood) methods based on hierarchical-likelihood of tee and Welder (1996). In this paper, for Poisson-gamma HGLMs the new methods are theoretically compared with marginal likelihood methods and both methods are illustrated by two practical examples.

  • PDF

Bayesian Analysis for the Error Variance in a Two-Way Mixed-Effects ANOVA Model Using Noninformative Priors (무정보 사전분포를 이용한 이원배치 혼합효과 분산분석모형에서 오차분산에 대한 베이지안 분석)

  • 장인홍;김병휘
    • The Korean Journal of Applied Statistics
    • /
    • v.15 no.2
    • /
    • pp.405-414
    • /
    • 2002
  • We consider the problem of estimating the error variance of in a two-way mixed-effects ANOVA model using noninformative priors. First, we derive Jeffreys' prior, a reference prior, and matching priors. We then provide marginal posterior distributions under those noninformative priors. Finally, we provide graphs of marginal posterior densities of the error variance and credible intervals for the error variance in two real data set and compare these credible intervals.

A General Mixed Linear Model with Left-Censored Data

  • Ha, Il-Do
    • Communications for Statistical Applications and Methods
    • /
    • v.15 no.6
    • /
    • pp.969-976
    • /
    • 2008
  • Mixed linear models have been widely used in various correlated data including multivariate survival data. In this paper we extend hierarchical-likelihood(h-likelihood) approach for mixed linear models with right censored data to that for left censored data. We also allow a general random-effect structure and propose the estimation procedure. The proposed method is illustrated using a numerical data set and is also compared with marginal likelihood method.