• Proceedings of the SAREK Conference
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• 2008.06a
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• pp.142-147
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• 2008

This paper reports an analysis of self-pressurization in a closed cryogenic liquid storage system and its comparison with experimental data using liquid nitrogen. Partial equilibrium model(PEM), revised thermodynamic analysis of homogeneous model, has been applied for the pressurization in a closed tank. The vapor and liquid bulk temperature and the liquid-vapor interface temperature are separately calculated as their own representative values in this analysis. The analysis results of the partial equilibrium model are compared with the experimental data and other preceding homogeneous temperature models for validation.

• Journal of Biosystems Engineering
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• v.15 no.1
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• pp.44-51
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• 1990

Four models in current use for cereal grain drying, equilibrium model, Morey model, partial differential equation model and simplified partial differential equation model, were modified to be suitable for natural air drying of barley. The predicted by the four models and experimental results were compared. Three models except equilibrium model predicted moisture comtent and grain temperature very well. But equilibrium model overpredicted moisture content and grain temperature of bottom layer. The degree of prediction of the four models for relative humidities of exhaust air didn't differ much from one another and equally the four models predicted relative humidity statisfatorily. Morey model took much shorter computing time than any other models. Therefore, considering the degree of prediction and computing time Morey model was the most suitable for natural air drying of barley.

• The Korean Journal of Financial Management
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• v.12 no.1
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• pp.145-165
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• 1995

This paper studies a partial coordination situation where a set of countries coordinate their monetary policies among themselves;while the rest of the world choose their policies independently. Using a three-country orewlapping generations model, it is shown that nash partial-coordination equilibrium does not exist. This paper also studies the partial coordination under unanticipated productivity shocks.

• Journal of the Korean Regional Science Association
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• v.13 no.2
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• pp.45-54
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• 1997

A regional economy is characterized as a spatial economy. However the literature shows that it has been treated as a point economy since space is little recognized in regional modeling due to mathematical complication. This leads to the fact that regional model does not sufficiently represent regional characteristic. This paper attempts to construct a regional growth model in a partial equilibrium framework specifically taking into consideration land as a primary factor. The model is formulated largely neoclassical. Labor is assumed to move in response to differences in the wage rate, while capital is perfectly mobile across regions. The paper shows that two growth equilibrium points exist, one stable equilibrium point and the other unstable equilibrium point. The unstable growth equilibrium indicates the existence of minimum threshold that a region must overcome the minimum threshold to grow constantly. Consequently, directions of regional growth are characterized by two growth paths depending on the initial condition of a region. That is to say, a region below the minimum threshold is converging toward the lower stable equilibrium point over time. When a regional economy initially lies above the minimum threshold, it will grow forever. A regional economy is not thus necessarily converging a stationary is not thus necessarily converging a stationary equilibrium point through factor movement. Finally, the impacts of the presence of agglomeration economies and diseconomies are analyzed through the phase diagram. The paper also shows that agglomeration economies result in lowering the minimum threshold and in escalating the level of stable equilibrium However, when agglomeration diseconomies prevail, the results are opposite, i.e., rising the minimum threshold of growth and lowering the growth level of stable equilibrium.

• Journal of Korean Society of Forest Science
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• v.97 no.4
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• pp.458-466
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• 2008

This study was carried out to forecast long-term supply and demand of chestnut and to analyze the impacts of change in the environment of domestic and international chestnut markets. For these ends, the study developed a partial equilibrium market model, in which in-shelled chestnut market was vertically linked to shelled chestnut market. To examine the predictive ability of the model for the endogenous variables ex-post simulation was run for the period 1990 through 2003. In general, all endogenous variables reproduced the historical trends during the period except for disuse areas and newly established areas. The results of forecasting supply and demand show that domestic in-shelled chestnut production is estimated to decrease slightly from 76,447 ton in 2005 to 76,286 ton in 2020 and that exports of shelled chestnut continue to be decreased.

• The Journal of Fisheries Business Administration
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• v.43 no.2
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• pp.1-14
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• 2012

The main purpose of this study is to analyze the effect of Korea-China free trade agreement(FTA) on Korea's fisheries trade using the partial equilibrium analysis model of Feenstra(1995). The study tries to show the impact on trade flows and welfare of the elimination of tariffs Korea-China FTA on Korea's fisheries sector among several scenarios of trade liberalization. The results of the study indicate that the increase of fisheries export to China is lower than that of fisheries import from China. Therefore Korea-China FTA results in the decrease of domestic of fisheries production even though total welfare effect is positive. The study suggest several policy proposals for soft-landing of Korea-China FTA on Korea's fisheries sector. One of them is to lengthen the term of tariff elimination to minimize the impact on domestic fisheries sectors.

• Korean Journal of Agricultural Science
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• v.48 no.4
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• pp.815-829
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• 2021

The purpose of this study is to construct a flatfish outlook model that is consistent with the "Fisheries outlook" monthly publication of the fisheries outlook center of the Korea Maritime Institute (KMI). In particular, it was designed as a partial equilibrium model limited to flatfish items, but a model was constructed with a dynamic ecological equation model (DEEM) system, considering biological breeding and shipping times. Due to limited amounts of monthly data, the market equilibrium price was calculated using a recursive model method as the inverse demand. The main research results and implications are as follows. As a result of estimating young fish inventory levels, the coefficient of the young fish inventory in the previous period was estimated to be 0.03, which was not statistically significant. Because there is distinct seasonality, when estimating the breeding outcomes, the elasticity of breeding in the previous period was found to exceed 0.7, and it increased more as the weight of the fish increased, in addition, the shipment coefficient gradually increased as the weight increased, which means that as the fish weight increased, the shipment compared to the breeding volume increased. When estimating shipments, the elasticity of breeding in previous period was estimated to respond elastically as the weight increases. The price flexibility coefficient of the total supply was inelastically estimated to be -0.19. Finally, according to a model predictive power test, the Theil U1 was estimated to be very low for all of the predictors, indicating excellent predictive power.

• The Journal of Fisheries Business Administration
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• v.47 no.4
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• pp.65-75
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• 2016

The purpose of this study was to analyze the production and marketing control effects of aqua-cultured flounder required for stable income growth of aqua-cultured household. We analyzed the supply and demand structure of cultured flounder using the partial equilibrium model approach. And we estimated the optimal yield of cultured flounder and analyzed the effect of marketing control through constructed model. The main results of this study are summarized as follows. First, the fitness and predictive power of the estimated model showed that the RMSPE and MAPE values were less than 5% and Theil's inequality coefficient was very close to 0 rather than 1. It was evaluated that the prediction ability of the aqua-cultured flounder supply and demand model by dynamic simulation was excellent. Second, dynamic simulation based on policy simulation was conducted to analyze the price increase effect of production and shipment control of cultured flounder. As a result, if the annual production volume is reduced by 1%, 5%, and 10% among 32,852~37,520 tons, it is analyzed that the price increase effect is from 1.2% to 12.5%. Finally, this study suggests that the production and marketing control can increase the price of aqua-cultured flounder in the market. In this paper, we propose a policy implementation of the total supply system instead of conclusions.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.7
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• pp.415-422
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• 2018

Lycorma delicatula, known as spotted lanternfly, is a planthopper native to Southeast Asia, including Vietnam, India and South China. This species damages local fruit trees and has spread rapidly in South Korea in recent years. The purpose of this study is to present the methods and estimation results pertaining to the risk of invasive species like Lycorma delicatula. We used a partial budget (PB) method to assess direct income reduction of farm households and a partial equilibrium (PE) model to examine social welfare change from the outbreak of Lycorma delicatula. We also estimated the future economic impacts of Lycorma delicatula under various climate scenarios considering habitat suitability. As climate change progresses, domestic ecosystems are expected to become increasingly vulnerable to pest outbreaks leading to further economic damage. We believe that this study can be a base to evaluate efficiency of the national pest control and quarantine system.

• Korean Journal of Mathematics
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• v.31 no.1
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• pp.17-23
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• 2023

For a locus with two alleles (I^A and I^B), the frequencies of the alleles are represented by $$p=f(I^A)={\frac{2N_{AA}+N_{AB}}{2N}},\;q=f(I^B)={\frac{2N_{BB}+N_{AB}}{2N}}$$ where N_AA, N_AB and N_BB are the numbers of I^AI^A, I^AI^B and I^BI^B respectively and N is the total number of populations. The frequencies of the genotypes expected are calculated by using p², 2pq and q². Choi defined the density and operator for the value of the frequency of one gene and found the adapted partial differential equation as a follow-up for the frequency of alleles and applied this adapted partial differential equation to several diploid model [1]. In this paper, we find adapted equations for the model for selection against recessive homozygotes and in case that the alley frequency changes after one generation of selection when there is no dominance. Also we consider the triploid model with three alleles I^A, I^B and i and determine whether six genotypes observed are in Hardy-Weinburg for equilibrium.