• KDI Journal of Economic Policy
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• v.12 no.4
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• pp.47-69
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• 1990

Using an aggregator model, we look into the possibilities for substitution between Korea's exports, imports, domestic sales and domestic inputs (particularly labor), and substitution between disaggregated export and import components. Our approach heavily draws on an economy-wide GNP function that is similar to Samuelson's, modeling trade functions as derived from an integrated production system. Under the condition of homotheticity and weak separability, the GNP function would facilitate consistent aggregation that retains certain properties of the production structure. It would also be useful for a two-stage optimization process that enables us to obtain not only the net output price elasticities of the first-level aggregator functions, but also those of the second-level individual components of exports and imports. For the implementation of the model, we apply the Symmetric Generalized McFadden (SGM) function developed by Diewert and Wales to both stages of estimation. The first stage of the estimation procedure is to estimate the unit quantity equations of the second-level exports and imports that comprise four components each. The parameter estimates obtained in the first stage are utilized in the derivation of instrumental variables for the aggregate export and import prices being employed in the upper model. In the second stage, the net output supply equations derived from the GNP function are used in the estimation of the price elasticities of the first-level variables: exports, imports, domestic sales and labor. With these estimates in hand, we can come up with various elasticities of both the net output supply functions and the individual components of exports and imports. At the aggregate level (first-level), exports appear to be substitutable with domestic sales, while labor is complementary with imports. An increase in the price of exports would reduce the amount of the domestic sales supply, and a decrease in the wage rate would boost the demand for imports. On the other hand, labor and imports are complementary with exports and domestic sales in the input-output structure. At the disaggregate level (second-level), the price elasticities of the export and import components obtained indicate that both substitution and complement possibilities exist between them. Although these elasticities are interesting in their own right, they would be more usefully applied as inputs to the computational general equilibrium model.

• Journal of the Korean Institute of Gas
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• v.23 no.6
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• pp.33-38
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• 2019

In order to invigoration the hydrogen economy, production of hydrogen needed for hydrogen charging stations and hydrogen fuel cells is needed. Generally, it is reforming used to coal fuel or natural gas. Other technologies include water electrolysis using pure water. Among these water electrolysis technologies, development is mainly carried out using PEM(Polymer Electrolyte Membrane electrolysis). In this study, the company aims to identify potential harmful hazards to PEM electrolysis hydrogen stations in the development stage among hydrogen charging stations. In order to find the hazardous factors in the facilities of the electrolysis and hydrogen charging stations, we were analyzed by Failure Mode & Effect Analysis(FMEA).

• Environmental and Resource Economics Review
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• v.21 no.1
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• pp.3-25
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• 2012

Generally speaking, firms, faced with a regulatory environment, are likely to use more or less inputs than optimal level due to allocative inefficiency of inputs. This paper, first, tests allocative efficiency of fuel inputs and calculates the divergence between the actual and optimal levels of each fuel input conditional on the optimal level of capital stock in Korean thermal power industry. Then, given that each fuel is efficiently allocated. potential reduction of $CO_2$ is estimated over the period 1987~2008. The null hypothesis of allocative efficiency with respect to all fuels is rejected, indicating that thermal power plants fail to attain cost minimization subject do market prices. Allocative efficiency between each pair of fuels is also tested; efficient uses of fuels relative to each other are all rejected. Empirical results indicate that coal and gas are used more and oil is used less than optimal level. On average, more than 10 million tons of $CO_2$ per year could be reduced by achieving allocative efficiency of fuels.

• Applied Chemistry for Engineering
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• v.24 no.1
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• pp.10-17
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• 2013

Heavy oil residue upgrading process was being used in conventional refinery process. Recently, as the importance of non conventional energy development is growing up, the commercial projects of heavy oil upgrading are getting more active than before. For having competitive business model in the resource competition, non conventional energy development should be considered as an important business strategy. In developing oil sands, extra heavy oil, and shale gas, canadian oil sands and extra heavy oil have great importance in substitution of conventional oil consumption. In oil sands development, the bitumen, which is extracted from oil sands, has great value after upgrading or refining process. Similar process is being used current conventional refinery process. The bitumen is highly viscous hydrocarbon. This bitumen includes impurities which can not be treated in conventional refinery process. As this reason, specified process is needed in bitumen or extra heavy oil upgrading process. Moreover, there will be additional specified facilities in the process of production, transportation and marketing. In oil sands, there are various kinds of commercial upgrading process. Extraction, dilution, coking and cracking method were being used commercially.

• Journal of the Korean Society of International Agriculture
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• v.31 no.1
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• pp.8-16
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• 2019

Alternatives for increasing the competitiveness of locally manufactured agricultural machinery in domestic and foreign markets has been proposed. This was done by analyzing the major agricultural machinery's price and market share as well as their performance and quality. In the Korean domestic market, the market share of Japanese agricultural machinery has been identified to be 14.5% for tractors, 31.1% for combine harvesters, and 35.8% for rice transplanters, and on track for further increase. Japanese manufacturers' domestic patent shares are 58.5% for tractors, 79.9% for combine harvesters, and 69.8% for rice transplanters, showing the dire need for Korean domestic firms to expand their technological rights. To strengthen the industrial competitiveness of agricultural machinery, therefore, researches that develop the fundamental and elemental technology to reduce the frequency of breakdown should be needed in the short term. To achieve this, it is imperative to establish technology roadmap, promote greater cooperation between academia and industry, and systematically increase research funding. In addition, as a long-term solution for enhancing the competitiveness, an establishment of Agricultural Equipment Technology Institute is strongly recommended to systematically support R&D for developing core technologies, particularly high-quality components that guarantee durability and quality.

• Journal of Korea Water Resources Association
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• v.39 no.12 s.173
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• pp.1057-1066
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• 2006

Water is an indispensable input to human's existence and industrial production. A water supply project would demand considerable costs, but produce economic benefits, which are importantly utilized in the project evaluation. In this situation, this study attempts to value the economic benefits from the residential water supply in Seoul. In particular, yearly consumer surplus and economic value of water supply for eleven water authority agencies in Seoul are measured during the period 2001-2004. Information on price elasticity required in calculating consumer surplus is obtained from direct estimation of the residential water demand function, and the consumer surplus is assessed by using a recently developed formula. Price elasticities used here are -0.810 and -1.011, and the estimated consumer surplus and economic value amount to 131.9 to 164.6 billion won and 398.6 to 431.3 billion won, respectively.

• Korean Chemical Engineering Research
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• v.48 no.4
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• pp.457-461
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• 2010

After the industrial revolution, quantity production system has made the life of mankind rich and to fulfill the consumer's desire competitive power of the enterprise constantly make has made effort in quality, price and engineering department not remaining simple manufactures. But in such a change production lacked safety. Consequently, the main study studied in return domestic organization which produces a chemistry fiber rope to be used fact vessel or as a athletic equipment safety countermeasure. One of the assesment method on product liability, Checklist is showed that It can be used not as an evaluation but as a development factor of company. Also, checklist that used a study could expect that assist the company of management structure as well as improvement of product safety.

• Environmental and Resource Economics Review
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• v.14 no.3
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• pp.595-626
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• 2005

The purpose of this paper is to estimate technical efficiency, scale efficiency, and environmental efficiency by income level of Korean farms, and analyze the factors to decide three efficiencies. Depending on the non-parametric methods, we estimate technical using inputs and outputs of total farms without assuming of goods or behavior of optimization. The average technical efficiency of total firms under constant return to scale and strong disposability is 0.437. The technical inefficiency was caused by 47.7% in pure technical inefficiency, 11.3% in scale failure, and 3.2% in environmental inefficiency. The number of firms under increasing return to scale occupied almost 70% and 27% of total firms respectively. Higher are income class, middle debt & long debt per asset, and N effluents per cultural land, higher technical efficiency. The increases of BOD discharges per cultural land and machines per cultural land deteriorate environmental efficiency.

• Electronics and Telecommunications Trends
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• v.28 no.5
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• pp.111-121
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• 2013

인쇄전자(printed electronics) 기술은 인쇄가 가능한 기능성 전자 잉크 소재를 이용하여 초저가격의 프린팅 공정을 통해서 다양한 전자소자를 제작하는 기술로써, 차세대 ICT 기기의 제작에 적합한 전자제품을 생산하는데 적합한 공정기술로 잘 알려져 있다. 현재 인쇄전자의 기술수준은 일부 요소 부품들을 제작하고 간단한 전자회로를 구현하는 수준에 머무르고 있으나, 도체, 반도체, 절연체의 여러 잉크 소재 및 다양한 초미세 인쇄공정 기술의 개발이 진행됨에 따라 향후 폭넓은 분야에 적용될 것으로 기대된다. 이러한 인쇄전자의 관련 기술 중에서 최근 삼차원(3D) 프린팅 기술이 부상하고 있는데, 지난해 Economist에서는 3D 프린팅을 제3차 산업혁명을 가져올 기술 중 하나로 소개했으며, 세계경제포럼(WEF: World Economic Forum)에서는 2013년 10대 유망 기술 중 하나로 선정했다. 올해 초, 미국의 오바마 대통령은 국정연설에서 거의 모든 제품의 생산 방식을 바꿀 수 있는 잠재력을 가진 기술로 3D 프린팅을 언급했고, Optomec에서는 전자소자용 3D 프린팅 기술을 선보였다. 본 논문에서는 최근에 많이 연구되는 모바일용 무선통신소자나 차세대 디스플레이 백플레인용의 인쇄전자 기술과 상품의 모형인 목업(Mock-up)을 제작할때뿐 만 아니라 전자소자 제작에도 적용이 가능한 3D 프린팅 기술에 대하여 논하고자 한다.

• Monthly Korean Chicken
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• v.15 no.2
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• pp.84-89
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• 2009

모든 원자재 가격이 오르면서 육계산업의 핵심요소 중 하나인 병아리 생산비용이 수당 550원 이상이 되었다. 이러한 현실은 많은 것을 의미하는데 그중 하나가 병아리 한 마리 한 마리의 가치가 높아졌다는 것이고, 한 마리의 병아리라도 소홀할 수 없는 개체개념이 생겼다는 것이다. 육계의 특성상 대군 밀집사육을 하다 보니 소나 돼지처럼 한 마리의 개체개념이 상대적으로 약한 편이지만 이제는 개체관리에도 신경써야 할 시기가 왔다고 판단된다. 육계의 사육일정이 단축되어 29일령에 1.6kg이상 출하해도 놀라운 일이 아닐 정도로 육계사육의 증체속도도 매우 빨라졌다. 따라서 육추기간 동안의 사육 상태에 따라 출하성적 전체에 영향을 주고 있다는 것이다. 이러 이유로 필자의 원고방향도 육추관리에 더 많은 관심을 갖게 된 것이다. 이번 2월호에서는 농장마다 조건이 모두 다르기 때문에 육추방법이 같을 수는 없지만 육추관리에서의 5가지 기준은 어느 농장이나 동일한 기준을 준수해야 한다. 그 기준을 알아보고자 한다.