• Title/Summary/Keyword: resource estimation

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Study on Variability of WTP Estimates by the Estimation Methods using Dichotomous Choice Contingent Valuation Data (양분선택형 조건부가치측정(CV) 자료의 추정방법에 따른 지불의사금액의 변동성 연구)

  • Shin, Youngchul
    • Environmental and Resource Economics Review
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    • v.25 no.1
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    • pp.1-25
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    • 2016
  • This study investigated the variability of WTP estimates(i.e. mean or median) with ad hoc assumptions of specific parametric probability distributions(i.e. normal, logistic, lognormal, and exponential distribution) to estimate WTP function using dichotomous choice CV data on mortality risk reduction. From the perspective of policy decision, the variability of these WTP estimates are intolerable in comparison with those of Turnbull nonparametric estimation method which is free from ad hoc distribution assumptions. The Turnbull nonparametric estimation can avoid a kind of misspecification bias due to ad hoc assumption of specific parametric distributions. Furthermore, the WTP estimates by Turnbull nonparametric estimation are robust because the similar estimates are elicited from a dichotomous choice or double dichotomous choice CV data, and the statistically significant WTP estimates can be obtained even though it is not possible by parametric estimation methods. If there are considerable variability among those WTP estimates by parametric estimation methods in condition with no criteria of model adequacy, the mean WTPs from Turnbull nonparametric estimation can be the robust estimates without ad hoc assumptions, which can avoid controversial issues in the perspective of policy decisions.

The Evaluation Model for Natural Resource Conservation Areas - Focused on Site Selection for the National Trust - (자연자원 보전지역의 평가모형 - 내셔널 트러스트 후보지 선정을 중심으로 -)

  • 유주한;정성관
    • Journal of the Korean Institute of Landscape Architecture
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    • v.30 no.2
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    • pp.39-49
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    • 2002
  • The purpose of this study is to propose an objective and rational methodology for the selection of proposed sites far the National Trust(NT), which is the new alterative proposal far the conservation of natural environments destroyed by injudicious land development and economic growth. That is to enforce many analysis for the effective estimation of rare ecological and landscape resources and to propose a model based on estimation and united indicators. Using the estimative model, we apply it to the selection of the proposed site in micro scale and simultaneously offer the basic methodology of effective and systematic land conservation in macro scale. The results of this study are as follows: 1) The results of analysis for the reliability of estimative items and indicators, presented no problem in that the coefficient of reliability was over 0.7. 2) The correlation measure of the estimative indicator indicated that 'succession'and 'regenerating restorability' were highly correlative in the item of plants. Another three items showed a tendency to be alike. 3) The results of factor analysis on the characteristics of indicators, classified plants into four categories including a stable factor. The item of animals was classified as a stable and rare factor. The item of landscape was classified as a physical and mental factor and the environment as a pollutional and conditional factor. 4) The model of estimation created through factor analysis was valid for the approval of the regression model because significant probability was 0.00. When we consider the NT proposed site as a complex body that is composed of diverse natural and manmade resources, certainly the synthetic methodology of estimation is needed. If these studies are carried out, NT sites will be selected more rationally and effectively than at present. Consequently, they have the potential to play a core role of natural ecosystem conservation in Korea.

ON THE ROBUSTNESS OF CONTINUOUS TRAJECTORIES OF THE NONLINEAR CONTROL SYSTEM DESCRIBED BY AN INTEGRAL EQUATION

  • Nesir Huseyin;Anar Huseyin
    • The Pure and Applied Mathematics
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    • v.30 no.2
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    • pp.191-201
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    • 2023
  • In this paper the control system described by Urysohn type integral equation is studied. It is assumed that control functions are integrally constrained. The trajectory of the system is defined as multivariable continuous function which satisfies the system's equation everywhere. It is shown that the set of trajectories is Lipschitz continuous with respect to the parameter which characterizes the bound of the control resource. An upper estimation for the diameter of the set of trajectories is obtained. The robustness of the trajectories with respect to the fast consumption of the remaining control resource is discussed. It is proved that every trajectory can be approximated by the trajectory obtained by full consumption of the control resource.

Determinants of NIMBY Attitudes of Local Residents in Jeju, Korea - An Application of Two-choice Model - (제주시 지역주민들의 님비 행위 결정요인에 대한 연구: 2변수 선택모형의 적용)

  • Kim, Hyuncheol
    • Environmental and Resource Economics Review
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    • v.13 no.4
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    • pp.685-715
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    • 2004
  • This study applies two-choice model to identify the major determinants of NIMBY attitudes when a large-scale composting facility is built around a residential area. Using a survey data of residents in Jeju City, Korea, logit estimation is implemented. The empirical results are consistent with the implication of the specified model: a representative resident's NIMBY attitude is positively (negatively) affected by "Negative Neighborhood Characteristic Variables" ("Positive Wealth Attribute variables"). Socio-demographic variables may be summarized as mostly statistically insignificant, which implies that policy makers may have to take into consideration their region-specific socio-demographic factors instead of simply emulating the policies which have been successful elsewhere.

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Estimation of Crude Oil Price Dynamics and Option Valuation (원유가격의 동태성 추정과 옵션가치 산정)

  • Yun, Won-Cheol;Park, Hojeong
    • Environmental and Resource Economics Review
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    • v.14 no.4
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    • pp.943-964
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    • 2005
  • This study estimated a wide range of stochastic process models using the frameworks of CKLS (1992) and Nowman and Wang (2001). For empirical analysis, the GMM estimation procedure is adopted for the monthly Brent crude oil prices from January 1996 to January 2005. Using the simulated price series, European call option premiums were calculated and compared each other. The empirical results suggest that the crude oil price has a strong dependency of volatility on the price level. Contrary to the results of previous related studies, it shows a weak tendency of mean reversion. In addition, the models provide different implications for pricing derivatives on crude oil.

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An Efficient Network Resource Reservation Mechanism with Mobility in Nested Heterogeneous Mobile Networks (중첩 이종 무선 망 환경에서 단말의 이동 속도를 고려한 효과적인 망 자원 예약)

  • Park, In-Soo;Tak, Dong-Kuk;Kim, Won-Tae;Park, Yong-Jin
    • Journal of the Institute of Electronics Engineers of Korea TC
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    • v.44 no.10
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    • pp.83-98
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    • 2007
  • The handover between different radio access networks, especially where their coverage overlaps, suffers various complications since the different access networks provide different service characteristics. One way to reduce service interruptions and QoS (i.e., bandwidth, throughput, delay) degradations during the inter-technology handover is to reserve the required resource in advance. The resource reservation algorithm should minimize the handover latency and maximize the resource utilization based on the accurate estimation on mobile's location, velocity, movement pattern and service requirements. In this paper, we propose a resource reservation algorithm based on the mobile terminal velocity and the cell selection probability, which maximizes resource utilization ana reduces network overhead. We compare the proposed algorithm with PMS(Predictive Mobility Support) and VCDS(Velocity and Call Duration Support scheme) based on 3-layer network model under various scenarios.

Estimation of Nursing Cost for Hemodialysis Using RBRVS(Resource Based Relative Value Scale);Moderately Intensive Patient (상대가치를 이용한 혈액투석실 간호수가 산정;중등도 대상자를 중심으로)

  • Kim, Moon-Sil;Moon, Sun-Young;Kim, Jung-A;Shim, Ok-Su;Kim, Ji-Hyun
    • Journal of Korean Academy of Nursing Administration
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    • v.9 no.2
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    • pp.205-216
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    • 2003
  • Purpose : This study wad aimed to estimate nursing cost for hemodialysis of secondary hospitals using Resource Based Relative Value Scale(RVRBS). Method : The first, calculated nursing workload for the hemodialysis of secondary hospitals. Second, measured each spent time according to 14 nursing behaviors. Third, computed Resource Based Relative Value(RBRV) scores and nursing expenses of hemodialysis nurse. Finally, estimated nursing cost for hemodialysis of secondary hospitals, Result & Conclusion : The mean RBRV scores for each nursing behaviors were from 218.9 to 383.9 point(mean=312.7). The high RBRV socres were 383.9(Complication during hemodialysis), 353.7(Access patient vascular), 345.7 (Patient Teaching). Nursing cost for hemodialysis was estimated 23,234(won).

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