• Title/Summary/Keyword: the estimation of policy

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M/G/1 Queueing Model for the Performance Estimation of AS/RS (자동창고시스템의 성능평가를 위한 M/G/1 대기모형)

  • Lee, Mun-Hwan;Lim, Si-Yeong;Heo, Seon;Lee, Yeong-Hae
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2000.04a
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    • pp.253-256
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    • 2000
  • In general, Automated Storage/Retrieval Systems (AS/RS ) have racks of equal sized cells to utilize the concept of unit-load. Most of the techniques for the performance estimation of a unit-load AS/RS are a static model or computer simulation. Especially, their models were developed under assumption that the Storage/Retrieval (S/R) machine performs only single command (SC) or dual command (DC). In reality, defending on the operating policy and the status of the system at a particular time, the S/B machine performs a SC or a DC, or becomes .: idle. In order to resolve these weak points, we propose a stochastic model for the performance estimation of unit-load AS/RS by using a single-server queueing model. Expected numbers of waiting storage and retrieval commands are found

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Effectiveness of Monetary Policy in Korea Due to Time Varying Monetary Policy Stance (거시경제 및 통화정책 기조 변화가 통화정책의 유효성에 미친 영향 분석)

  • Kim, Tae Bong
    • KDI Journal of Economic Policy
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    • v.36 no.3
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    • pp.1-23
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    • 2014
  • This paper has studied the monetary policy in Korea with a time varying VAR model using four key macroeconomic variables. First, inclusion of the exchange rate was a crucial factor in evaluating Korean monetary policy since the monetary policy demonstrated sensitivity to exchange rate movements during the crisis periods of both the Asian financial crisis of 1997 and the global financial crisis of 2008. Second, a specification of the stochastic volatilities in TVP-VAR model is important in explaining excessive movements of all variables in the sample. The overall moderation of variables in 2000s was more or less due to a reduction of the stochastic volatilities but also somewhat due to the macroeconomic fundamental structures captured by impulse response functons. Third, the degree of the monetary policy effectiveness of inflation was mitigated in recent periods but with increased persistence. Lastly, the monetary policy stance towards inflation stabilization has advanced ever since the inflation targeting scheme was adopted. However, there still seems to be a room for improvement in this aspect since the degree of the monetary policy stance towards inflation stabilization was relatively weaker than to output stabilization.

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A Study on the Impact of China's Monetary Policy on South Korea's Exchange Rate

  • He, Yugang
    • The Journal of Industrial Distribution & Business
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    • v.9 no.6
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    • pp.15-24
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    • 2018
  • Purpose - The adjustment of one country's monetary policy can cause the macroeconomic change of other countries. Due to this, this paper attempts to analyze the impact of China's monetary policy on South Korea's exchange rate. Research design, data, and methodology - Based on the flexible-price monetary model, sets of annual time series from 1980 to 2017 are employed to perform an empirical estimation. The vector error correction model is also used to exploit the short-run relationship between both of them. Of course, the South Korea's real GDP, the China's real GDP, South Korea's interest rate, the South Korea's interest rate and the South Korea's monetary supply are treated as independent variables in this paper. Result - The long-run findings reveal that the China's money supply has a negative effect on South Korea's exchange rate. Respectively, the short-run findings depicts that the China's money supply has negative a effect on South Korea's exchange rate. Of course, other variables selected in this paper also have an effect on South Korea's exchange rate whatever positive or negative. Conclusions - As the empirical evidence shows, the China's monetary policy has a negative effect on South Korea's exchange rate whenever in the long run or in the short run.

A Study on Community Revitalization Policy through Analysis of Urban Regeneration Cases -Focussing on the Cases of the Urban Regeneration in the UK, Germany and Korea- (도시재생 사례분석을 통한 커뮤니티 활성화 정책에 관한 연구 -영국·독일·한국의 도시재생 사례를 중심으로-)

  • Jang, Yong Il;Kim, Chang-Sung
    • KIEAE Journal
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    • v.16 no.5
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    • pp.93-101
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    • 2016
  • Purpose : This research aims to present policy plans for community vitality in the field of the urban regeneration project by analyzing aspects for vitality via domestic and abroad city policies and cases. Methods: The research method works as follows: The first step is 1) to introduce the concept of evaluation matrix to analyze cases of urban generation, 2) to apply to the proposed evaluation matrix, and then 3) to analyze communities' decline diagnosis, counterstrategies, and promotion process. And the second step is to draw features and evaluation of cases and to present the policy plan for communities' vitality with the urban regeneration project in South Korea via a comprehensive analysis. Result : This research confirmed the fact that when different sectors is expanded toward a mutual cooperation, communities are vitalized, having a mutual effect on other related sectors by taking a part in the community positively. Especially in the base of each characteristic and estimation, when various activities and socio-economic programs with residents are promoted in the integrated system, communities are successful. Through this results we present four policy plans for community vitality of the urban regeneration project in South Korea.

A Study on the Rural Activation Project and the Special Economic Zone for Regional Development Policy (농촌활성화사업과 지역특화발전특구제도의 고찰)

  • Jung, Jinju
    • Journal of the Korean Institute of Rural Architecture
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    • v.7 no.3
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    • pp.1-8
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    • 2005
  • Decrease in Population and graying of rural area by industrialization and urbanization are gone continuously. This makes happened various rural problems and the differential of standard of living with is arising day by day. Government is unfolding rural supporting project to solve continuously these problems. Recent Projects which are choosing not top-down process by government leading but bottom-up process through village inhabitants' participation and expert consultant get positive estimation. But those have difficulties because the support is attained only in the beginning step not continuously and inhabitants' number by graying is decreasing. The Special Economic Zone for Regional Development Policy is new access that regulation can differ according to special quality of each area depending on Localization Age. Through this transfer the competence that can mitigate or reinforce various regulations according to special quality of area in local government. So, back and maintain activation systematically so that each area could be developed specially. The purpose of The Special Economic Zone for Regional Development Policy is the activation of regional economy through development that regional specific character is. And there is characteristic that local government plans and takes the lead in all project contents, government gives regulation benefit by appointing the special economic zone and do not support finance and various tax remissions. Through investigation of such new policy, I wish to recognize what long-term plan and method could be possible to success rural activation continuously.

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Econometric Estimation of the Climate Change Policy Effect in the U.S. Transportation Sector

  • Choi, Jaesung
    • Journal of Climate Change Research
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    • v.8 no.1
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    • pp.1-10
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    • 2017
  • Over the past centuries, industrialization in developed and developing countries has had a negative impact on global warming, releasing $CO_2$ emissions into the Earth's atmosphere. In recent years, the transportation sector, which emits one-third of total $CO_2$ emissions in the United States, has adapted by implementing a climate change action plan to reduce $CO_2$ emissions. Having an environmental policy might be an essential factor in mitigating the man-made global warming threats to protect public health and the coexistent needs of current and future generations; however, to my best knowledge, no research has been conducted in such a context with appropriate statistical validation process to evaluate the effects of climate change policy on $CO_2$ emission reduction in recent years in the U.S. transportation. The empirical findings using an entity fixed-effects model with valid statistical tests show the positive effects of climate change policy on $CO_2$ emission reduction in a state. With all the 49 states joining the climate change action plans, the U.S. transportation sector is expected to reduce its $CO_2$ emissions by 20.2 MMT per year, and for the next 10 years, the cumulated $CO_2$ emission reduction is projected to reach 202.3 MMT, which is almost equivalent to the $CO_2$ emissions from the transportation sector produced in 2012 by California, the largest $CO_2$ emission state in the nation.

A Study on Control Scheme for Fairness Improvement of Assuared Forwarding Services in Differentiated Service Network (DiffServ 망에서 AF 서비스의 공평성 향상을 위한 제어 기법)

  • Kim, Byun-gon;Jeong, Dong-su
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2015.05a
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    • pp.649-652
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    • 2015
  • Previous marking policy for the AF service of TCP traffic in the Diffserv network have no sufficient consideration on the effect of RTT and target rate. In this paper, in order to improve fairness Index by the effect RTT difference of TCP traffic, we propose the modified TSW3CDM(Time Sliding Window Three Color Dynamic Marker) based on average transfer rate estimation and the flow state. The proposed algorithm is dynamic marking policy that do allocate band width in proportion to transmission rate. To evaluate the performance of the proposed algorithm, We accomplished a computer simulation using NS-2. From simulation results, the proposed TSW3CDM algorithm improves fairness index by comparison with TSW3CM.

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A Study on the Import-Export Modeling and GIS Analysis of the International Provisions for the Agricultural Policy Decision Support (농업정책결정지원을 위한 국가간 식량 수급 모델링 및 GIS 분석에 관한 연구)

  • 김대식;이상무
    • Journal of Korean Society of Rural Planning
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    • v.4 no.2
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    • pp.117-127
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    • 1998
  • In this study, a model was developed to analyze the capacity and the total price of the agricultural products marketing between nations through the estimation of the production and consumption amount of the agricultural products in each nation and the analysis of the price and transport cost to each nation. The method which can contribute to the agricultural policy decision support was devised. The main concept of the method is to compute the potential import-export amount and total cost among the nations. In the application, wheat was selected to evaluate the model. The application results showed that the model could analyzed the unit consumption and storage amount per capital of each nation and the price and transport cost per unit weight from each export nation, provided the policy decision maker with the basic data analyzed by GIS.

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On the New Age Replacement Policy (새로운 연령교체 방식의 개발)

  • Seo, Sun-Keun
    • Journal of Applied Reliability
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    • v.16 no.4
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    • pp.280-286
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    • 2016
  • Purpose: Recently, Jiang defines the tradeoff B life to minimize a sum of life lost by preventive maintenance (PM) and corrective maintenance (CM) contribution parts and sets up an optimal replacement age of age replacement policy as this tradeoff life. In this paper, Jiang's model only considering the known lifetime distribution is extended by assigning different weights to two parts of PM and CM in order to reflect the practical maintenance situations in application. Methods: The new age replacement model is formulated and the meaning of a weight factor is expressed with the implied cost of failure under asymptotic expected cost model and also discussed with one-cycle expected cost criterion. Results: The proposed model is applied to Weibull and lognormal lifetime distributions and optimum PM replacement ages are derived with corresponding implied cost of failure. Conclusion: The new age replacement policy to escape the estimation of cost of failure in classical asymptotic expected cost criterion based on the renewal process is provided.

A Panel Study on the Effect of Obesity and the Chronic Diseases on the Health Care Expenditures (비만과 만성질환이 의료비에 미치는 효과에 대한 패널분석)

  • Kim, Sang-Hyun;Sakong, Jin
    • Health Policy and Management
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    • v.25 no.3
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    • pp.152-161
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    • 2015
  • We analyze the determinants of obesity and the chronic diseases using the Korea Health Panel data. Also we analyze the effect of obesity and the chronic diseases on the health care expenditures. Through this study, to reduce the health care expenditures, we suggest the policy implication that might curb the obesity and the chronic diseases. We estimate the determinants of obesity, the chronic diseases, and the health care expenditures using 2SLS (two stage least squares) estimation method under the simultaneous equations framework. Result says that obesity and chronic diseases significantly have positive effects on the health care expenditures. Also the determinants of the health care expenditures that have positive effects are age, income and health care utilization variables.