• Title/Summary/Keyword: Alternative Economics

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A Study on the Selection of the Optimum Railroad Line using VE-LCC Analysis (VE-LCC 분석을 통한 철도의 최적노선 선정방안 연구)

  • Shin Tae-Kyun;Son Seok-Ku;Lee Seung-Hoon;Koo Kyo-Jin;Hyun Chang-Taek
    • Proceedings of the KSR Conference
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    • 2003.05a
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    • pp.315-320
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    • 2003
  • Selecting a railroad line requires the comparative evaluation of various elements. As a systematic approach to this selection it will be necessary to apply the VE study and the LCC analysis. This study proposes a methodology for selecting the optimum line of the ralroad using VE-LCC analysis. The VE study is performed by following four steps : Information analysis, Function analysis, Alternative evaluation, and Optimum plan selection. The economics evaluation in VE study is using LCC analysis and Sensitivity analysis. Cost items in LCC analysis are classified into bridge, tunnel, rail, and earthwork. We could select the optimum alte-rnatives considering not only cost elements hut also various evaluation element in VE-LCC analysis. The synthetic evaluation process of relative value composition and weighted matrix evaluation

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Multi-criteria Evaluation of Mobile Network Sharing Policies in Korea

  • Song, Young-Keun;Zo, Hangjung;Ciganek, Andrew P.
    • ETRI Journal
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    • v.36 no.4
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    • pp.572-580
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    • 2014
  • Mobile operators in saturated markets increasingly favor mobile network sharing (MNS) over facility-based competition. Previous research examining MNS primarily focused on its positive effects, while the negative effects were largely overlooked. This study proposes a decision-making model using an analytic hierarchy process technique to evaluate decision-making criteria among various types of MNS policies. The decision-making model was applied to Wireless Broadband services in Korea to determine the relative importance of both positive and negative evaluation criteria and preference among multiple types of MNS policies. Positive evaluation criteria (that is, efficiency) were far greater in importance than negative evaluation criteria (that is, competition harm). The preference for adopting MNS among five alternative approaches was also revealed. The study findings offer immediate policy insights in Korea and provide a decision-making framework for policy makers in other countries to utilize.

Count Five Statistics Using Trimmed Mean

  • Hong, Chong-Sun;Jun, Jae-Woon
    • Communications for Statistical Applications and Methods
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    • v.13 no.2
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    • pp.309-318
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    • 2006
  • There are many statistical methods of testing the equality of two population variances. Among them, the well-known F test is very sensitive to the normality assumption. Several other tests that do not assume normality have been proposed, but these tests usually need tables of critical values or software for hypotheses testing. McGrath and Yeh (2005) suggested a quick and compact Count Five test requiring only the calculation of the number of extreme points. Since the Count Five test uses only extreme values, this discards some information from the samples, often resulting in a degradation in power. In this paper, an alternative Count Five test using the trimmed mean is proposed and its properties are discussed for some distributions and normal mixtures.

Regional Analysis of Dew Possibility in Road Sign Using Meteorological Data (기상자료를 활용한 도로표지 결로의 지역별 발생가능성 분석)

  • Oh, Sei Chang;Kim, Jung Min;Choi, Kee Choo;An, Young Mi
    • International Journal of Highway Engineering
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    • v.15 no.5
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    • pp.195-202
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    • 2013
  • PURPOSES : This study analyzed the regional dew possibility in road sign using meteorological data. METHODS : Four years of meteorological data such as temperature, humidity, dew point, wind velocity were collected and analyzed. As a result of literature review, dew was frequent in large diurnal range, high humidity and weak wind. So, dew possibility was analyzed by (temperature-dew point ${\leq}1^{\circ}C$ and wind velocity ${\leq}$ 1.5m/s). RESULTS : The possibility was analyzed for each meteorological observation point and the point of Suncheon and Bonghwa were selected as the most likely points of dew in road sign. The area of East Coast, Kyungbuk and Kyungnam were relatively low potential. CONCLUSIONS : Alternative with high effect of preventing dew should be selected in high possibility dew area despite of low economics.

Effects of Overdispersion on Testing for Serial Dependence in the Time Series of Counts Data

  • Kim, Hee-Young;Park, You-Sung
    • Communications for Statistical Applications and Methods
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    • v.17 no.6
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    • pp.829-843
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    • 2010
  • To test for the serial dependence in time series of counts data, Jung and Tremayne (2003) evaluated the size and power of several tests under the class of INARMA models based on binomial thinning operations for Poisson marginal distributions. The overdispersion phenomenon(i.e., a variance greater than the expectation) is common in the real world. Overdispersed count data can be modeled by using alternative thinning operations such as random coefficient thinning, iterated thinning, and quasi-binomial thinning. Such thinning operations can lead to time series models of counts with negative binomial or generalized Poisson marginal distributions. This paper examines whether the test statistics used by Jung and Tremayne (2003) on serial dependence in time series of counts data are affected by overdispersion.

Bioethanol Production Using Lignocellulosic Biomass - review Part I. Pretreatments of biomass for generating ethanol

  • Sheikh, Mominul Islam;Kim, Chul-Hwan;Yesmin, Shabina;Lee, Ji-Yong;Kim, Gyeong-Chul;Ahn, Byeong-Il;Kim, Sung-Ho;Park, Hyeon-Jin
    • Journal of Korea Technical Association of The Pulp and Paper Industry
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    • v.42 no.5
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    • pp.1-14
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    • 2010
  • Bio-ethanol is a promising alternative energy source for reducing both consumption of crude oil and environmental pollution from renewable resources like lignocellulosic biomass such as wood, forest residuals, agricultural leftovers and urban wastes. Based on current technologies, the cost of ethanol production from lignocellulosic materials is relatively high, and the main challenges are the low yield and high cost of the hydrolysis process. Development of more efficient pretreatment technology (physical, chemical, physico-chemical, and biological pretreatment), integration of several microbiological conversions into fewer reactors, and increasing ethanol production capacity may decrease specific investment for ethanol producing plants. The purpose of pretreatment of lignocellulosic material is to improve the accessible surface area of cellulose for hydrolytic enzymes and enhance the conversion of cellulose to glucose and finally high yield ethanol production which is economic and environmental friendly.

The Office of Science and Technology Innovation and its Implications for Policy Coordination (과학기술혁신본부와 정책조정 방식 변화)

  • 김성수
    • Journal of Technology Innovation
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    • v.13 no.3
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    • pp.153-173
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    • 2005
  • The Office of Science and Technology Innovation (OSTI) was created by a different method of organizational change from that of precedent administrative reforms. According to results of the new method, the OSTI case can be widely applied to other ministries as an alternative model for governmental reform. The theory part introduced two approaches of organizational reform, namely structural approach which focuses on the level of hierarchial authority and process approach which emphasizes the flow of information/expertise in organizational operation. It also discussed various ways of understanding for S&T policy coordination. After this, the paper reviewed details of the OSTI reform with special reference to implications for the mode of S&T policy coordination. It concludes that the OSTI may offer an opportunity to strengthen the coordination mechanism of the process approach.

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Economic Effect of Local Feed Utilization in Korea

  • Lee, Byung Oh;Yang, Jeong Hee;Park, Sang Youn;Lee, Byeong Soon
    • International Journal of Advanced Culture Technology
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    • v.6 no.4
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    • pp.214-225
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    • 2018
  • Rice straw is the principal forage for Korean cattle. Limited supply of domestic forage forces Korea to depend on imported forage. Utilizing locally available domestic feed as an alternative would lead to self-sufficiency and stability in cattle farm management. Locally available feed can be utilized as forage. The challenge of collecting local feed has been overcome by machines that have been developed to harvest feed. Local feed can be completely consumed in the production regions, thus reducing transportation costs and increasing price competitiveness. Hitherto, studies have focused on feed technologies and price competitiveness, among other factors, while the substitution of forage has not been examined. This study conducts a quantitative analysis to estimate the extent to which local feed can replace existing forage. We find that local feed is cheaper, and abundantly available, and can thus replace high-quality forage.

A guideline for the statistical analysis of compositional data in immunology

  • Yoo, Jinkyung;Sun, Zequn;Greenacre, Michael;Ma, Qin;Chung, Dongjun;Kim, Young Min
    • Communications for Statistical Applications and Methods
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    • v.29 no.4
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    • pp.453-469
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    • 2022
  • The study of immune cellular composition has been of great scientific interest in immunology because of the generation of multiple large-scale data. From the statistical point of view, such immune cellular data should be treated as compositional. In compositional data, each element is positive, and all the elements sum to a constant, which can be set to one in general. Standard statistical methods are not directly applicable for the analysis of compositional data because they do not appropriately handle correlations between the compositional elements. In this paper, we review statistical methods for compositional data analysis and illustrate them in the context of immunology. Specifically, we focus on regression analyses using log-ratio transformations and the alternative approach using Dirichlet regression analysis, discuss their theoretical foundations, and illustrate their applications with immune cellular fraction data generated from colorectal cancer patients.

Do NPV and IRR Measure the Profitability of Investment Opportunities? Conditions as Measures of Profitability (NPV와 IRR은 투자기회들의 수익성을 측정하는가? 수익성 척도로서 조건들)

  • Jinwook Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.45 no.4
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    • pp.167-173
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    • 2022
  • Investors must adopt profitable investment opportunities to maximize their wealth. Almost all investment, finance, engineering economics textbooks explain that net present value (NPV) measures the profitability (or value) of investment opportunities in absolute size, and internal rate of return (IRR) measures the profitability of investment opportunities in relative proportions. However, NPV is a measure of the relative size of the return on investment opportunity to do-nothing alternative. Moreover, IRR can occur in multiple investment opportunities and may not exist. To make matters worse, IRR and NPV also have conflicting problems in accept-or-reject decisions. In this study, the reason why NPV and IRR cannot accurately measure the profitability of investment opportunities is identified, and fundamental characteristics that investment opportunity profitability measures should have are presented.