• Title/Summary/Keyword: marginal model

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Analysis of Marginal Productivity and Return to Scale Using Estimation of Production Function in Offshore Fisheries (근해어업 생산함수 추정을 이용한 규모수익 및 한계생산성 분석)

  • Sim, Seonghyun;Nam, Jongoh
    • Ocean and Polar Research
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    • v.39 no.4
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    • pp.301-318
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    • 2017
  • The production of Korean offshore fisheries has been gradually decreasing due to the severe depletion of offshore fisheries resources caused by excessive fishing efforts. The production of the offshore fisheries in 2016 was the lowest since 1975. So the federal and local governments in Korea adopted and implemented various fisheries management plans and policies in order to restore fisheries resources. However, these plans and polices have not been successful in re-establishing fisheries resources. Thus, in order to accurately diagnose the situation with regard to offshore fisheries, this study sought to estimate not only the return to scale by fishing gear of offshore fisheries, but marginal productivity of individual fishing gear based on production factors derived from offshore fisheries production functions. The study was organized in the following manner. First of all, this study estimates production functions of offshore fisheries. The Cobb-Douglas and the translog production functions are adopted as offshore fisheries production functions. Specifically, the functions are estimated by crew, vessels, and offshore resource as production factors. The offshore resource is estimated by the Clarke Yoshimoto Pooley model based on the surplus production model. Secondly, the fisheries production functions are extended to the fixed-effect model and the random-effect model with panel data. Thirdly, this study analyzes the return to scale of offshore fisheries and the marginal productivity of the production factors from the estimated offshore fisheries production function. In conclusion, this study suggests plans and countermeasures for productivity improvement by group (labor intensive or technology intensive) based on the characteristics of individual offshore fishing gear.

A Study on the Selection of Slack Bus at Application of Marginal Loss-Factor in a Competitive Electricity Market (경쟁적 전력시장에서 한계손실계수 적용시 기준모선 선정에 대한 연구)

  • Kim, Sang-Hoon;Lee, Kwang-Ho
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.58 no.2
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    • pp.264-269
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    • 2009
  • Marginal Loss Factor(MLF) is represented as the sensitivity of transmission loss, which is computed from the change of the generation at slack bus by the change of the load at the arbitrary bus. The MLF dependent on the selection of slack bus is one of the key factors affecting nodal pricing, Genco's profits, social welfare(SW) and Nash Equilibrium in a competitive electricity market. This paper addresses the methodology of slack bus selection by using Cournot model of Cost Based Pool market. Numerical results from sample cases show that the slack bus of MLF of the highest average is beneficial from the view points of SW.

Development of System Marginal Price Forecasting Method Using ARIMA Model (ARIMA 모형을 이용한 계통한계가격 예측방법론 개발)

  • Kim Dae-Yong;Lee Chan-Joo;Jeong Yun-Won;Park Jong-Bae;Shin Joong-Rin
    • The Transactions of the Korean Institute of Electrical Engineers A
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    • v.55 no.2
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    • pp.85-93
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    • 2006
  • Since the SMP(System Marginal Price) is a vital factor to the market participants who intend to maximize the their profit and to the ISO(Independent System Operator) who wish to operate the electricity market in a stable sense, the short-term marginal price forecasting should be performed correctly. In an electricity market the short-term market price affects considerably the short-term trading between the market entities. Therefore, the exact forecasting of SMP can influence on the profit of market participants. This paper presents a new methodology for a day-ahead SMP forecasting using ARIMA(Autoregressive Integrated Moving Average) model based on the time-series method. And also the correction algorithm is proposed to minimize the forecasting error in order to improve the efficiency and accuracy of the SMP forecasting. To show the efficiency and effectiveness of the proposed method, the case studies are performed using historical data of SMP in 2004 published by KPX(Korea Power Exchange).

Generalized methods of moments in marginal models for longitudinal data with time-dependent covariates

  • Cho, Gyo-Young;Dashnyam, Oyunchimeg
    • Journal of the Korean Data and Information Science Society
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    • v.24 no.4
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    • pp.877-883
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    • 2013
  • The quadratic inference functions (QIF) method proposed by Qu et al. (2000) and the generalized method of moments (GMM) for marginal regression analysis of longitudinal data with time-dependent covariates proposed by Lai and Small (2007) both are the methods based on generalized method of moment (GMM) introduced by Hansen (1982) and both use generalized estimating equations (GEE). Lai and Small (2007) divided time-dependent covariates into three types such as: Type I, Type II and Type III. In this paper, we compared these methods in the case of Type II and Type III in which full covariates conditional mean assumption (FCCM) is violated and interested in whether they can improve the results of GEE with independence working correlation. We show that in the marginal regression model with Type II time-dependent covariates, GMM Type II of Lai and Small (2007) provides more ecient result than QIF and for the Type III time-dependent covariates, QIF with independence working correlation and GMM Type III methods provide the same results. Our simulation study showed the same results.

Marginal Abatement Cost Analysis for the Korean Residential Sector Using Bottom-Up Modeling (상향식 모형을 이용한 국내 주거부문의 온실가스 한계감축비용 분석)

  • Chung, Yongjoo;Kim, Hugon;Paik, Chunhyun;Kim, Young Jin
    • Journal of Energy Engineering
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    • v.24 no.1
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    • pp.58-68
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    • 2015
  • A marginal abatement cost analysis has been conducted to analyze the effects of abatement measures on greenhouse gas (GHG) emissions for the Korean residential sector. A bottom-up model using MESSAGE has been developed by defining the energy demand and constructing the reference energy system for the residential sector. A great amount of activity data has also been analyzed. Abatement potentials and related costs of individual abatement measures are investigated. The result from the marginal abatement cost analysis may provide general guidelines and procedures for the establishment of GHG abatement polices.

Marginal Likelihoods for Bayesian Poisson Regression Models

  • Kim, Hyun-Joong;Balgobin Nandram;Kim, Seong-Jun;Choi, Il-Su;Ahn, Yun-Kee;Kim, Chul-Eung
    • Communications for Statistical Applications and Methods
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    • v.11 no.2
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    • pp.381-397
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    • 2004
  • The marginal likelihood has become an important tool for model selection in Bayesian analysis because it can be used to rank the models. We discuss the marginal likelihood for Poisson regression models that are potentially useful in small area estimation. Computation in these models is intensive and it requires an implementation of Markov chain Monte Carlo (MCMC) methods. Using importance sampling and multivariate density estimation, we demonstrate a computation of the marginal likelihood through an output analysis from an MCMC sampler.

A Comparative Study on Optimal Generation Maintenance Scheduling with Marginal Maintenance Cost and Levelized Risk Methods (한계보수비용법 및 위험지수 평준화법에 의한 최적전원보수계획의 비교)

  • 이봉용;심건보
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.41 no.1
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    • pp.9-17
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    • 1992
  • Proper resource allocation is also a very important topic in power system problems, especially in operation and planning. One such is optimal maintenance problem in operation and planning. Least cost and highest reliability should be the subjects to be pursued. A probabilistic operation simulation model developed recently by authors is applied to the proboem of optimal maintenance scheduling. Three different methods are compared, marginal maintenance cost, levelized risk and maintenance space. The method by the marginal maintenance costs shows the least cost, the highest reliability and the highest maintenance outage rates. This latter characteristics may considerably influence the results of genetation planning, because the usual maintenance outages obtained from the other methods have shown to be lower.

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Empirical analysis of conversion of marginal companies in manufacturing to normal companies : Focusing on company's R&D activities and government's support effect (제조업 한계기업의 정상기업 전환에 대한 실증분석 : 기업의 R&D 활동과 정부 지원효과를 중심으로)

  • Baek, Chulwoo;Jeong, Min Woo;Lee, Hyonik;Lee, Yoon Been;Noh, Meansun;Son, Byoungho
    • Journal of Technology Innovation
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    • v.29 no.2
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    • pp.59-85
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    • 2021
  • This study aims to examine whether the characteristics such as a start-up company, possessing a research organization, and benefiting from government R&D programs significantly contributed to the conversion of marginal companies to normal companies, from the viewpoint of technological innovation. The result shows supporting government R&D programs to start-up companies that have become a marginal company positively contributes to the transition to a normal company, centering on the high-tech industry. In addition, it was confirmed that the research organization of marginal companies positively contributed to the transition to a normal company. These results imply that a paradigm shift from the existing industrial policy focusing on restructuring of marginal companies to a selective support policy for marginal companies with a high possibility of transition to normal companies is strongly needed. It is also necessary to strengthen the strategic use of government R&D programs to support the transition of a marginal company to a normal company.

Investigation of the marginal fit of a 3D-printed three-unit resin prosthesis with different build orientations and layer thicknesses

  • Yang, Min-Seong;Kim, Seong-Kyun;Heo, Seong-Joo;Koak, Jai-Young;Park, Ji-Man
    • The Journal of Advanced Prosthodontics
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    • v.14 no.4
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    • pp.250-261
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    • 2022
  • PURPOSE. The purpose of this study was to analyze the marginal fit of three-unit resin prostheses printed with the stereolithography (SLA) method in two build orientations (45°, 60°) and two layer thicknesses (50 ㎛, 100 ㎛). MATERIALS AND METHODS. A master model for a three-unit resin prosthesis was designed with two implant abutments. Forty specimens were printed using an SLA 3D printer. The specimens were printed with two build orientations (45°, 60°), and each orientation was printed with two layer thicknesses (50 ㎛, 100 ㎛). The marginal fit was measured as the marginal gap (MG) and absolute marginal discrepancy (AMD), and MG and AMD measurements were performed at 8 points per abutment, for 16 points per specimen. All statistical analyses were performed using SPSS software. Two-way analysis of variance (ANOVA) was separately performed on the MG and AMD values of the build orientations and layer thicknesses. Moreover, one-way ANOVA was performed for each point within each group. RESULTS. The margins of the area adjacent to the pontic showed significantly high values, and the values were smaller when the build orientation was 45° than when it was 60°. However, the margin did not differ significantly according to the layer thicknesses. CONCLUSION. The marginal fit of the three-unit resin prosthesis fabricated by the SLA 3D method was affected by the pontic. Moreover, the marginal fit was affected by the build orientation. The 45° build orientation is recommended.

Effect of cement space on marginal and internal fit of a zirconia core fabricated using by additive manufacturing (시멘트 공간이 적층 가공으로 제작한 지르코니아 하부구조물의 변연 및 내면 적합도에 미치는 영향)

  • Ji-Won Min;Se-Yeon Kim;Jae-Hong Kim
    • Journal of Technologic Dentistry
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    • v.46 no.1
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    • pp.1-7
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    • 2024
  • Purpose: The goal of this study was to determine the clinical acceptability of various cement space settings for the marginal and internal fit of a zirconia core manufactured using additive manufacturing. Methods: The maxillary right incisor served as the master model. After scanning the maxillary right incisor with a dental 3D (three-dimensional) scanner, the stereo lithography file was created using different cement space settings of 40, 120, and 200 ㎛ using computer-aided design software (Dental System 2018; 3Shape). The marginal and internal fit of the 3 groups were determined using the silicon replica technique. Measurement points were divided into the following three categories: margin, axial wall, and incisal. To ensure more accurate measurements, these three measurement points were divided into 8 points. The Shapiro-Wilk, one-way ANOVA, and Tukey's honestly significant difference test (for all tests α=0.05) were the statistical analyses that were included in the study. Results: The CS (cement space)-200 group had better marginal and internal fit than the CS-40 and CS-120 groups, and there were statistically significant differences at the marginal and incisal points, except for the axial wall points. CS-200 group, both marginal and internal fit were within 120 ㎛, which is the clinically acceptable value. Conclusion: This study suggests that a 200 ㎛ cement space setting is ideal for optimal marginal and internal fit of 3D-printed ceramic crowns.