• Title/Summary/Keyword: opportunity cost method

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An Efficient Estimation of Place Brand Image Power Based on Text Mining Technology (텍스트마이닝 기반의 효율적인 장소 브랜드 이미지 강도 측정 방법)

  • Choi, Sukjae;Jeon, Jongshik;Subrata, Biswas;Kwon, Ohbyung
    • Journal of Intelligence and Information Systems
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    • v.21 no.2
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    • pp.113-129
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    • 2015
  • Location branding is a very important income making activity, by giving special meanings to a specific location while producing identity and communal value which are based around the understanding of a place's location branding concept methodology. Many other areas, such as marketing, architecture, and city construction, exert an influence creating an impressive brand image. A place brand which shows great recognition to both native people of S. Korea and foreigners creates significant economic effects. There has been research on creating a strategically and detailed place brand image, and the representative research has been carried out by Anholt who surveyed two million people from 50 different countries. However, the investigation, including survey research, required a great deal of effort from the workforce and required significant expense. As a result, there is a need to make more affordable, objective and effective research methods. The purpose of this paper is to find a way to measure the intensity of the image of the brand objective and at a low cost through text mining purposes. The proposed method extracts the keyword and the factors constructing the location brand image from the related web documents. In this way, we can measure the brand image intensity of the specific location. The performance of the proposed methodology was verified through comparison with Anholt's 50 city image consistency index ranking around the world. Four methods are applied to the test. First, RNADOM method artificially ranks the cities included in the experiment. HUMAN method firstly makes a questionnaire and selects 9 volunteers who are well acquainted with brand management and at the same time cities to evaluate. Then they are requested to rank the cities and compared with the Anholt's evaluation results. TM method applies the proposed method to evaluate the cities with all evaluation criteria. TM-LEARN, which is the extended method of TM, selects significant evaluation items from the items in every criterion. Then the method evaluates the cities with all selected evaluation criteria. RMSE is used to as a metric to compare the evaluation results. Experimental results suggested by this paper's methodology are as follows: Firstly, compared to the evaluation method that targets ordinary people, this method appeared to be more accurate. Secondly, compared to the traditional survey method, the time and the cost are much less because in this research we used automated means. Thirdly, this proposed methodology is very timely because it can be evaluated from time to time. Fourthly, compared to Anholt's method which evaluated only for an already specified city, this proposed methodology is applicable to any location. Finally, this proposed methodology has a relatively high objectivity because our research was conducted based on open source data. As a result, our city image evaluation text mining approach has found validity in terms of accuracy, cost-effectiveness, timeliness, scalability, and reliability. The proposed method provides managers with clear guidelines regarding brand management in public and private sectors. As public sectors such as local officers, the proposed method could be used to formulate strategies and enhance the image of their places in an efficient manner. Rather than conducting heavy questionnaires, the local officers could monitor the current place image very shortly a priori, than may make decisions to go over the formal place image test only if the evaluation results from the proposed method are not ordinary no matter what the results indicate opportunity or threat to the place. Moreover, with co-using the morphological analysis, extracting meaningful facets of place brand from text, sentiment analysis and more with the proposed method, marketing strategy planners or civil engineering professionals may obtain deeper and more abundant insights for better place rand images. In the future, a prototype system will be implemented to show the feasibility of the idea proposed in this paper.

On Slimming down the Functions Room of Light Rail Transit Stations by Utilizing an Enhanced DSM Method (개선된 DSM 기법을 통한 경전철 정거장 기능실의 슬림화에 관한 연구)

  • Kim, Joo-Uk;Park, Kee-Jun;Kim, Young-Min;Lee, Jae-Chon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.2
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    • pp.927-939
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    • 2015
  • It appears that the rapid advance in technology has allowed to broaden the variety of rail systems technology, thereby fostering new business opportunity in rail industry. The direction of rail systems operations is mainly two fold. In one direction, long distance operations between mega cities are pursued with help of high speed trains under development. In the other case, relatively short distance operations for covering intra-city or suburban area are becoming popular. A good example of the latter case is light rail transit (LRT) systems. Due to the short distance operation, it is thus expected that both the development and operation cost for LRT systems be reduced to some extent. The cost reduction desired in there can be gained by scaling down the sizes of both the trains and stations as compared to those of normal rail systems. However, it is not well known how the LRT stations can be scaled down. The objective of this paper is to study on how to slim down the stations (particularly, the functions room) of LRT systems. To achieve the objective, an approach is studied based on a modified method of design structure matrix (DSM). Specifically, using the enhanced DSM method, an integrated architecture is developed for the functions room, in which equipments are housed to perform the functions of electricity, signaling, and communication for LRT stations. The use of the result indicates that the desired reduction can be obtained with the approach taken in the paper.

An Alternative Approach for Setting Equilibrium Prices of Sericultural Products (잠사류의 균형 가격모색)

  • 이질현
    • Journal of Sericultural and Entomological Science
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    • no.12
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    • pp.47-50
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    • 1970
  • There are many factors affecting the development of sericultural industry in Korea. The setting of a rational pricing system for sericultural products is one of important activities of the Korean Government to improve the incentives to producers. The determination o: the prices for many years were based on the production costs including a certain level of profits. Some of cost items are in conflict both in cocoon producers and silk-reeling industries. Government officials have to evaluate these conflicting problems and estimate the consequences of their decisions. In this situation the final decision often became political decisions. This analysis is aimed at providing an alternative method of setting the prices of sericultural products. The criteria of the equilibrium employed in this analysis are based on economic principle which equilibrium condition is determined by the relationships between the marginal productivity of input factors and factor prices. In order to obtain the related information Cobb-Douglas'functions were fitted using KIST computer and data were obtained mostly from the Bank of Korea and the Ministry of Agriculture and Forestru, An important assumption is that "Opportunity Costs" of factors input in both cocoon production and silk-Peeling industries are same, The major finding s obtained are as followings. 1) The sum of coefficient of production elastisity in silk-reeling industries is greater than one. Silk-reeling industries are operating under the situation of increasing return to scale and it is, therefore, expected to develop the industries as the capital-intensive large scale. 2) The cocoon producing farmers are under the situations of the decreasing return to scale and it is expected to continue their cocoon farming as the labor-intensive small scale, assuming the present level of production technology. As the development of commercial farming, the resources input in cocoon production will be shifted to the production for higher profitable crops, 3) The price elastisity of production is higher in cocoon production than in silk-reeling industries. It is expected that the price changing effects on domestic production will be resulted from cocoon producers. 4) Based on analysis results of marginal productivities and the opportunity costs of resources, cocoon price for meeting equilibrium price condition is to be increased by 8-16 percent or standard price level of silk increased by 6-8 percent. There were the possibilities of over evaluation on opportunity cost of resources input in silk-reeling industries, or income transfered from the farmers to the industries. It is recommended that the prices for meeting equilibrium price conditions are to be determined by 72 percent for cocoon and 28 percent for silk-reeling costs, based on standard level of the exporting prices.

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Effectiveness Evaluation of the Tube Voltage Measurement by using Additional Filter (부가필터를 이용한 kVp 측정의 실효성 평가)

  • Hwang, Jun-Ho;Lee, Kyung-Ho;Choi, Yoon-Bong;Kang, Byung-Sam
    • Journal of radiological science and technology
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    • v.38 no.4
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    • pp.355-363
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    • 2015
  • Advancement in the medical field provides an opportunity for the development of medical equipment and also enable accurate diagnosis for the inspection and the treatment of diseases. The aging of equipment due to the frequent operation produce uncertainty in the patient exposure dose, so a quality control was implemented by establishing a safety management system on a regular basis. The x-ray tube voltage (kVp), which is directly involved in the patient exposure dose and the life of the equipment, needs periodic performance for the quality control, but it has a limitation due to the time and the cost. In this study, we proposed a new method for measuring the kVp with ease by using the Y and Cu to solve the problem of the time and cost. We also evaluated the usefulness and the effectiveness of the new method and its accuracy through the kVp measurement. After securing the condition, the amount of the tube current and evaluating the usefulness and effectiveness of kVp measured using Y and Cu. The density range used was at 0.5-1.0, kVp was in the range of ${\pm}10%$, then, we recorded the change in concentration as % of Y and Cu. This experiment showed that when Cu and Y was at 75 kVp, concentration was the same, and when the kVp was changed to 65 ~ 85 %, a gradual increase in concentration to 85 ~ 110 % was noted.

Sampling, Surveillance and Forecasting of Insect Population for Integrated Pest Management in Sericulture

  • Singh, R.N.;Maheshwari, M.;Saratchandra, B.
    • International Journal of Industrial Entomology and Biomaterials
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    • v.8 no.1
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    • pp.17-26
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    • 2004
  • Pest monitoring through field surveys and surveillance helps in forecasting the population build up of pest. It reduces the load of pesticides application and forms the basis of Integrated Pest Management in sericulture. Common sampling techniques for quantifying pest populations and damage caused by them are reviewed emphasizing the need for quick and simple sampling methods. Various direct and indirect sampling methods for establishing pest populations are discussed and methods have been discussed to use indirect sampling method under IPM programme in sericulture. The use of pheromone lures and traps forms one of the important ingredients of integrated pest management, which calls for integration of all available methods in a cost effective and environmental friendly manner offering consistent efficacy. Silk-worms feed on the variety of silk host plants and spin cocoons. Each silk host plant is attacked in the field by number of insect pest species. Several pests are common to mulberry, tasar, oak tasar, muga and eri host plant but pest status and seasonal abundance differs from each crop. The key pests are serious perennially occurring persistent species which cause considerable yield loss every year on large areas and require control measure. Regular occurrence of minor pest is noticed but sudden increase in its population is not known. The occasional pests are sporadic but potential causing sufficient damage. Silk losses due to attack of all the pests have not been calculated. However, information on pest biology and ecology, and control practices being practiced is available but the period of outbreak of major pests and predators on silkworms and its host plant needs to be reinvestigated. Pest and predators forecasting based on surveillance information may provide an opportunity to minimize the losses, particularly to reduce expenditure involved in pest management.

Strength and Fatigue Properties of Recycled Concretes Under 50% Recycled Aggregate Ratio (재생골재 50% 이하 첨가된 재생콘크리트의 강도 및 피로저항 특성)

  • Doh, Young-Soo;Kim, Sung-Tae;Kim, Kwang-Woo
    • International Journal of Highway Engineering
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    • v.7 no.2 s.24
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    • pp.13-22
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    • 2005
  • Using recycled aggregate from demolished concrete structures provides a peat opportunity fur conserving natural resources. In many parts of world, virgin aggregate deposits have been depleted, and transporting aggregates over long distances can be much more expensive than using a low-cost recycled aggregate. In Korea, about 7-million tons of concrete occurs annually, out of this, about 2-3 million tons are available for recycling. This study is to present the method of utilizing the recycled aggregate. The recycled aggregate concretes were made for compressive strength test, flexural strength test and fatigue test using w/c of 40, 50 and 60%. The replacing rates of recycled aggregate to virgin aggregate were 0, 25 and 50%. The purpose of this study is to compare the fatigue lift of recycled aggregate concrete with that of virgin aggregate concrete. It was shown that the fatigue life of recycled concrete was function of recycled aggregate replacement ratio and water cement ratio.

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Low-Cost Small Satellite Research and Development as an Education Tool (교육용 도구로서의 저가 소형위성 연구 및 개발)

  • 문병영;장영근;이병훈
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.34 no.10
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    • pp.80-91
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    • 2006
  • A method of multidisciplinary education has been implemented for satellite design, based on HAUSAT-1 and 2 ultra-small satellite development projects, in order to provide practical knowledge and experience to students studying satellite engineering. HAUSAT-1 was the nation's first 1kg-class ultra-small satellite. HAUSAT-2 nano-satellite is currently under a Proto-Flight Model development. These design projects make it possible to achieve the goal of science and technical research, which is representative of a university function, and the goal of molding professionals through providing an integrated function of system design education. An integrated system design, like satellite system, provides all participating students with an opportunity to directly/indirectly experience the entire system development process and encourage growth of multidisciplinary system education that has lately become an important issue.

A Study on Non Destructive Evaluation of the Steam Turbine L-0 Blades

  • Mizanur, Rahman Md.;Rezk, Osama;Ouma, Victor Otieno;Vaysidin, Saidov;Gomaa, M. Abdullatif;Jung, JaeCheon;Lee, YongKwan
    • Journal of the Korean Society of Systems Engineering
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    • v.12 no.1
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    • pp.59-71
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    • 2016
  • The Nuclear and Fossil Steam Turbines record a considerable number of failures annually. Some of these failures reported are as result of blade failure. The failure of the L-0 blade in a Steam Turbine is one of the most reported blade failure in Nuclear and Fossil steam turbines. This paper seeks to identify the best Non Destructive Evaluation (NDE) method or methods to be used in the steam turbine L-0 blades inspection process. The development of systems engineering processes presents an opportunity to apply NDE inspection to the L-0 blades. This process apply computer modelling of the L-0 using ANSYS and by simulating the stresses experienced by the L-0 blade during operation it is possible to identify the most susceptible areas for crack formation and growth. The results from these models compared to industry data for validation. The analysis of these results used to predict the most probable failure location and failure modes. Therefore NDE inspection can be applied to these areas with greater degree of accuracy. This would be beneficial in the increasing the accuracy in the detection of cracks and hence save inspection time and the overall inspection cost. Furthermore, not only the location for crack formation and NDE inspection determined but also best the NDE inspection technique/techniques to be applied appropriately on the L-0 blade are prescribed.

Self Management of Pain by Folk Remedies in Patient with Chronic Arthritis (만성 관절염 환자의 민간요법을 이용한 자가통증조절 행태)

  • Kim, Jong-Im;Kang, Hyun-Sook
    • Journal of muscle and joint health
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    • v.6 no.2
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    • pp.242-252
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    • 1999
  • The purpose of this study was to explore self management of pain by folk remedies in patient with chronic arthritis. The participant of this study were 90 volunteers who were visit C hospital and who want to counsel with researcher for their pain control by convenient sampling method. The results of this study were summarized as follows : The subjects were the 90 patients who had been diagnosed rehumatoid arthritis(52.5%)and osteoarthritis(47.8). 93.3% of participants were women. Mean age of participants was 53.7 and duration of arthritis was 7 years. Mean pain score was 5.5cm. Eighty five kinds of folk remedies were used for pain management. The mean cost for folk remedies was 3,723,207 won and the patients with rheumatoid arthritis paid to folk remedies as much as 3 times. The perceived effect score of pain management by folk remedies was 2.932(the range of perceived effect score were 0-10cm). Percentage of discontinue to use folk remedies was 82.8% and the major reason of discontinue to use folk remedies was no effect to pain control(50.4%). Some participants(30.5%) were experienced side effect such as exacerbation of pain(50.5%). In conculusion, chronic arthritis patients have been experienced various kind of folk remedies for the management of their pain. But the effect of pain control was very low. The important weakness of folk remedies were economical waste and loss of opportunity to treatment for arthritis. The nurse who care for arthritis should be teach about weakness of folk remedies for their pain control to the patients with arthritis.

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Comparative Evaluation between Administrative and Watershed Boundary in Carbon Sequestration Monitoring - Towards UN-REDD for Mt. Geum-gang of North Korea - (탄소 저장량 감시에서 배수구역과 행정구역의 비교 평가 - 금강산에 대한 UN-REDD 대응 차원에서 -)

  • Kim, Jun-Woo;Um, Jung-Sup
    • Journal of Environmental Impact Assessment
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    • v.22 no.5
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    • pp.439-454
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    • 2013
  • UN-REDD (United Nations programme on Reducing Emissions from Deforestation and forest Degradation) is currently being emerged as one of important mechanism to reduce carbon dioxide in relation to the deforestation. Although administrative boundary has already gained world-wide recognition as a typical method of monitoring unit in the process of GHG (Greenhouse Gas) reduction project, this approach did not provide a realistic evidence in the carbon sequestering monitoring in terms of UN-REDD; the meaningful comparison of land use patterns among watershed boundaries, interpretation for distribution trends of carbon density, calculation of opportunity cost, leakage management, etc. This research proposes a comparative evaluation framework in a more objective and quantitative way for carbon sequestering monitoring between administrative and watershed boundary approaches. Mt. Geumgang of North Korea was selected as a survey objective and an exhaustive and realistic comparison of carbon sequestration between the two approaches was conducted, based on change detection using TM satellite images. It was possible for drainage boundary approach to identify more detailed area-wide patterns of carbon distribution than traditional administrative one, such as estimations of state and trends, including historical trends, of land use / land cover and carbon density in the Mt. Geumgang. The distinctive changing trends in terms of carbon sequestration were specifically identified over the watershed boundary from 4.0% to 34.8% while less than 1% difference was observed in the administrative boundaries, which were resulting in almost 21-22%. It is anticipated that this research output could be used as a valuable reference to support more scientific and objective decision-making in introducing watershed boundary as carbon sequestering monitoring unit.