• Environmental and Resource Economics Review
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• v.27 no.2
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• pp.339-362
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• 2018

In this paper, we simulate the contribution of an increasing renewable energy to demands for fossil fuels and power supply price by estimating a cost function for the Korean electric power generation sector. Since the renewable energy is a composite input, it is not feasible to compute the price index for renewable energy due to data limit. We estimate a restricted cost function, which is derived by minimizing the costs of fossil fuels conditional on the quantity of renewable energy set to its optimal level, jointly with supply relation. In particular, derivation of the shadow price of renewable energy would make it possible to analyze potential costs incurred by power plants.

• International journal of advanced smart convergence
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• v.13 no.1
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• pp.12-22
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• 2024

Software applications have a huge and inseparable impact on our lives. The complexity of the applications increases rapidly to support high performance and multifunction. Accordingly, the cost model for applications is increasingly important. Line of Code (LOC) and Man-Month (M/M) as the cost model measure the quantitative sides of the applications. Unlike them, Function Point (FP) measures the functionalities of the application. FP is efficient for estimating qualitative characteristics, but it is restricted to measuring the cost of an application using the wireless data broadcast which can support any number of clients. In this paper, we propose, a Function Point model for Information services using wireles data Broadcast (FPIB) to measure the development cost of an application that serves using the wireless data broadcast environment. FPIB adopts critical parameters of the wireless broadcast environment and the complexity of them to measure effectively the cost developing the application. Through the evaluation comparing the proposed FPIB with FP, we reveal the effectiveness of the proposed FPIB.

• Environmental and Resource Economics Review
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• v.13 no.1
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• pp.33-47
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• 2004

Even though the price of extracted but unprocessed coal has been available in Korea, the use of it as scarcity index would be inappropriate because of price subsidy. Following Halvorsen and Smith(1984), Kim and Lee(2002) derived estimates of the shadow price of unextracted coal by estimating the restricted cost function and differentiating with respect to the quantity of coal extracted. In Korea, however, due to the limited data the capital prices have been computed inconsistently case by case without relying on the robust formula like the Christensen-Jorgenson methodology used in US, which could result in biased estimators of the restricted cost function. In the paper the shadow prices of the resources in situ are obtained by measuring an input distance function defined by Shephard (1970), which requires only the data on the quantities of inputs and output. Empirical results for the Korean coal mining industry show that these shadow prices as a coal scarcity have increased fast by approximately three times in comparisons with those obtained by Kim and Lee.

• Environmental and Resource Economics Review
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• v.15 no.4
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• pp.673-692
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• 2006

In order to test for the dynamic optimality condition for the use of nonrenewable resource, it is necessary to estimate the shadow value of the resource in situ. In the previous literatures, a time series for in situ price has been derived either as the difference between marginal revenue and marginal cost or by differentiating with respect to the quantity of ore extracted the restricted cost function in which the quantity of ore is quasi-fixed. However, not only inconsistent estimates are likely to be generated due to the nonmalleability of capital, but the estimate of marginal revenue will be affected by market power. Since firms will likely fail to minimize the cost of the reproducible inputs subject to market prices under realistic circumstances where imperfect factor markets, strikes, or government regulations are present, the shadow in situ values obtained by estimating the restricted cost function can be biased. This paper provides a valid methodology for checking the dynamic optimality condition for a nonrenewable resource by using the input distance function. Our methodology has some advantages over previous ones: only data on quantities of inputs and outputs are required; nor is the maintained hypothesis of cost minimization required; adoption of linear programming enables us to circumvent autocorrelated errors problem caused by use of time series or panel data. The dynamic optimality condition for domestic coal mining does not hold for constant discount rates ranging from 2 to 20 percent over the period 1970~1993. The dynamic optimality condition also does not hold for variable rates ranging from fourth to four times the real interest rate.

• Journal of the korean Society of Automotive Engineers
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• v.14 no.6
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• pp.113-126
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• 1992

Recently the multi-kind, small-amount manufacturing system has been replacing the mass manufacturing system, and domestic machining inustry also is eager to absorb the new technology because of its high productivity and cost reduction. The optimization of the cutting condition has been a vital problem in the machining industry, which would help increase the productivity and raise the international competitiveness. It is intended in this study to investigate the machining costs per unit time which is essential to the analysis of the optimal cutting condition, to computer the cutting speed that lead to the minimum machining costs and the maximum production to suggest the cutting speed range that enables efficient speed cutting, and to review the machining economy in relation to cutting depth and feed. Also considered are the optimal cutting speed and prodution rated in rrelation with feed. It is found that the minimum-cost cutting speed increases and the efficient cutting speed range is reduced as machining cost per unit time increases since the cutting speed for maximum production remains almost constant. The machining cost is also lowered and the production rate increases as the feed increases, and the feed should be selected to satisfy the required surface roughness. The machining cost and production rate are hardly affected by the cutting depth if the cutting speed stays below 100m/min, however, they are subject to change at larger cutting depth and the high-efficient speed range also is restricted. It can be established an adaptive optimal cutting conditions can be established in workshop by the auto-selection progam for optimal operation. It is expected that this method for choosing the optimal cutting conditions might contribute to the improvement of the productivity and reduced the cost. It is highly recommended to prepare the optimal cutting conditionthus obtained for future use in the programing of G-function of CNC machines. If proper programs that automatically select the optimal cutting conditions should be developed, it would be helpful to the works being done in the machine shops and would result in noticeable production raise and cost reduction.

• Proceedings of the Polymer Society of Korea Conference
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• 2006.10a
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• pp.129-129
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• 2006

Conventional solvent-based polyurethane (PU) is well established for wide applications, such as textile treatments, surface coating, adhesive and so on. Due to the demands of safety, economic, and environmental protection, the solvent-based PU is restricted and has been phasing out and aqueous-based PU is becoming the world market trend, which is an environmental friendly product. The chemical resistance, physical and mechanical properties of aqueous-based PU are still not competible with solvent-based PU. Because of aqueous-based PU is a linear thermoplastic polymer with lower average molecular weight. Their improvements are normally performed by a post-curing reaction or a polymer hybridization to enhance the polymer cross-linking density. Hybridization of PU with aqueous-based epoxy resin or acrylate emulsion and then cured by a curing agent for improving the performance properties and reducing the cost of aqueous-based PU.Furthermore, a special function is added to aqueous-based PU increasing the application value, for examples, flame retardation, polymeric dyes, hydrophilic and etc.

• Journal of The Korean Society of Agricultural Engineers
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• v.50 no.6
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• pp.75-81
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• 2008

The purpose of this study was to develop an optimum equipment model considering various objective functions and variables of agricultural reservoir. Traditional optimum function for feasibility assessment is based on economic benefit, but we tried new approach of feasibility assessment based on the number of beneficiary. The data of Yuraimi reservoir and Yongbong reservoir in Yesan-gun such as numbers of related people, construction costs, safe diagnosis have been gathered for applying developed model. Data are used for determining optimum strategy with restricted cost. For verifying results of optimum maintenance, real maintenance data of Yuraimi reservoir were compared with simulated strategy. Results show that simulated maintenance strategies are 3 times more effective than real maintenance data.

• Journal of Korean Society for Atmospheric Environment
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• v.9 no.E
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• pp.397-400
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• 1993

The possible air pollution problems in a proposed underground highway are discussed using carbon monoxide (CO) as an indicator. Carbon monoxide concentrations in the underground highway depend on several factors, including the size of tunnel, the number of automobiles, the CO emission rate, and the tunnel ventilation rate. Using the estimated values, CO concentrations in the underground highway can be predicted. Without proper ventilation system, CO concentration in the underground highway can be dangerous level. However, the cost of operating the mandatory mechanical ventilation system may be tremendouslyy high and may be technically unrealistic to implement. If the underground highway is constructed with proper ventilation system, a continuous air pollution monitoring system with alarming function must be installed to alert personnel of serious air pollution built up in the underground highway. Traffic must be restricted, whenever the inside air pollution levels exceed agreed values. Short distances between evacuation exits are necessary for emergency situations or malfunction of ventilation system.

• Journal of the Korea Society of Computer and Information
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• v.27 no.5
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• pp.77-84
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• 2022

In this paper, we propose a novel unsupervised feature selection method. Conventional unsupervised feature selection method defines virtual label and uses a regression analysis that projects the given data to this label. However, since virtual labels are generated from data, they can be formed similarly in the space. Thus, in the conventional method, the features can be selected in only restricted space. To solve this problem, in this paper, features are selected using orthogonal projections and low-rank approximations. To solve this problem, in this paper, a virtual label is projected to orthogonal space and the given data set is also projected to this space. Through this process, effective features can be selected. In addition, projection matrix is restricted low-rank to allow more effective features to be selected in low-dimensional space. To achieve these objectives, a cost function is designed and an efficient optimization method is proposed. Experimental results for six data sets demonstrate that the proposed method outperforms existing conventional unsupervised feature selection methods in most cases.

• Journal of the Korean Orthopaedic Association
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• v.56 no.6
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• pp.540-545
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• 2021

A transverse fracture is the most common type of displaced patella fracture requiring surgery. These fractures are commonly fixed with parallel Kirschner wires or screws that cross the fracture line, often with an additional tension band. Nevertheless, conventional fixation methods of patella fractures have prevalent complications caused by the protrusion of wires or pins. These complications necessitate additional surgery for hardware removal, increase medical cost, and can limit the function of the knee joint. This paper reports cases treated with a minimally invasive load-sharing percutaneous suture of the patella tendon. The procedure provides reliable fixation for transverse patella fractures, minimizes soft tissue injuries, preserves blood flow, and reduces postoperative pain. In addition, the procedure also reduces the irritation and pain caused by the internal fixture, thereby reducing the risk of restricted knee joint movement.