• Title/Summary/Keyword: Alternative Economics

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An Analysis of the Factors that Influence the Choice of R&D Collaboration : Evidence from Korean Manufacturing Companies (기업의 연구협력 선택에 미치는 요인분석 : 한국 제조업체를 대상으로)

  • Choi, Hyung-Pil;Lee, Jae-Ho
    • Journal of Technology Innovation
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    • v.18 no.1
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    • pp.153-175
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    • 2010
  • Firms must focus on innovative activities via R&D investment in order to secure competitive advantage and sustainable growth. However, their innovative activities do not always result in successful outcomes and are often obstructed by uncertainty and non-appropriability of technology being developed and by insufficient internal resources and capabilities to tap into it. In this situation, collaboration with external partners can be a part of good alternative strategy to solve those problems. This paper aims to analyze what factors lead to Korean manufacturing companies’ decision to collaborate with external partners for technology innovation. For empirical analysis, we used the Korean Innovation Data compiled by STEPI, government-funded research institute in Korea. The research findings are: 1) firms tend to participate in external collaboration for product innovation with greater firm size, more past collaboration experiences and when they belong to high-tech industries 2) unlike our expectation, our chosen ‘innovation-impeding’ factors are found not to contribute to the enhancement of collaboration for product innovation.

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Restoration of Local Community Based on Apartment Residential Space (아파트 주거공간에 기초한 지역공동체 형성에 관한 연구)

  • Yim, Seok-Hoi;Lee, Chul-Woo;Jeon, Hyeong-Soo
    • Journal of the Korean association of regional geographers
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    • v.9 no.3
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    • pp.314-328
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    • 2003
  • This study aims at exploring the restoration of local community based on apartment residential space through the questionnaire survey of residents and community movement organizers. Apartment residential space has a serious limit to the restoration of local community due to the physical feature of closing compartment. But, at the same time, it has many communal elements as well. The survey shows that residential community movements are developing beyond compensatory community movement, although it is yet to be an ideal type of local community in a nonnative sense. Generally, apartment women's associations, together with the representative commission of residents, play a key role in residential community movements. Particularly, community movement activities have a positive effect on improving the neighborhood relationship. Residents themselves think so as well. This study implies the value and possibility of apartment residential movement as an alternative strategy against contemporary urban problems.

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Application and evaluation of design projects: A case study in a mechanics of materials course (디자인 프로젝트의 적용과 평가: 재료역학 수업의 사례연구)

  • Kim Ju-Hu
    • Journal of Engineering Education Research
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    • v.6 no.1
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    • pp.15-21
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    • 2003
  • This paper reports the results of course restructuring employing design projects in an introductory mechanics of materials course at Pennsylvania State University. Unlike traditional lecture courses, students were encouraged to learn the rudiments of mechanical design and how materials standards, economics, manufacturing, environmental, legal (liability) and societal (safety) concerns relate to design. Through conducting collaborative design projects, the instructors helped students to acquire more advanced skills such as team-based decision making, integration and establishment of criteria, use of modern design theory, consideration of alternative solutions, and application of realistic constraints. In order to examine the impact of new course changes on students' learning, a survey was conducted in 1998 Fall semester. According to the results of survey analyses, students reported high values on this introductory mechanics of materials course. However, they did not give high values on the design projects. Rather, they preferred lecture sessions. Additionally, it was also found that students who earned higher grades from a prerequisite course(statics) showed lower values on the design projects. Implications for engineering educators and suggestions for future research studies were discussed.

An Evaluation on Price Forecasts for Broiler by Agricultural Outlook (농업 관측 육계 가격 예측치에 대한 평가)

  • Hong, Seung-Jee
    • Korean Journal of Poultry Science
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    • v.39 no.3
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    • pp.233-239
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    • 2012
  • Public forecasts for broiler's prices such as Korea Rural Economic Institute (KREI) outlook information are important for producers and agribusiness decision makers in enhancing economic decision making. However, the KREI forecasts have not been fully evaluated so far. In this study agricultural outlook price forecasts for broiler are evaluated under accuracy-based measures and classification-based measures which test the ability to categorize price movements directionally or within a forecasted range. Agricultural outlook price forecasts for broiler are efficient but biased. In the aspect of the monthly direction of price change 59% of its forecasts over the sample period are correct, and actual prices fall within the forecasted range 32% of the time. Results suggest that it is necessary and meaningful for the agricultural outlook center to evaluate the current forecasting method and try to find an alternative method for improving the forecasting technique.

The Effect of Portal Search Intensity on Stock Price Crash (포털 검색 강도가 주가 급락에 미치는 영향에 관한 연구)

  • Kim, Min-Su;Kwon, Hyuk-Jun
    • The Journal of Society for e-Business Studies
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    • v.22 no.2
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    • pp.153-168
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    • 2017
  • Recent studies focus on the role of investor attention and transparency in stock-related information in explaining stock return and trading volume. Moreover, recent literatures predict that firm opacity will increase the likelihood of future stock price crashes. In this paper, we investigate, using Naver Trend, the relation between portal search intensity and stock price crash. Using various alternative measures of stock price crash risk and search intensity, we demonstrate that stocks with larger volume of portal search are less likely to experience stock price crashes. These results are consistent with our hypothesis that accumulated firm opacity cause future stock price crash. Finally, our results still hold even after we control for the potential effect of endogeneity in the regression specifications.

Assessment of Economic Value of Sangkwan Multi-Purpose Reservoir (II): Benefits of Recreational Water (상관 다기능 저류지 조성의 경제적 편익 평가(II): 레크리에이션용수 공급편익을 중심으로)

  • Lee, Joo-Suk;Ryu, Moon-Hyun;Yoo, Seung-Hoon
    • Journal of Korea Water Resources Association
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    • v.46 no.10
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    • pp.997-1004
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    • 2013
  • There is imminent need to find a way to measure the recreational benefits of water so that appropriate actions can be taken to make a multi-purpose reservoir. Therefore, this study attempts to apply a choice experiment to quantifying the recreational benefits of a multi-purpose reservoir, using a specific case study of Sangkwan multi-purpose reservoir. We consider the trade-offs between price and attributes of recreational attributes for selecting a preferred alternative and derive the marginal willingness to pay (MWTP) estimate for each attribute. The results show that the MWTP for providing additional 10,000 ton of water is estimated to be 3 won per household per year. The MWTP for improving 1 level of water quality is computed to be 645.5 won per household per year. Moreover, the MWTP for providing recreation facilities is calculated to be 1,518.6 won per household per year. This study allows us to provide policy-makers with useful quantitative information that can reduce uncertainty in the decision-making process related to a multi-purpose reservoir construction projects.

Differential Changes in Commuter's Mode Choice after the Intergrated Public Transit System in Seoul Metropolitan City (서울시 대중교통체계 개편 이후 통근 교통수단 선택의 차별적 변화)

  • Lee, Hye-Seung;Lee, Hee-Yeon
    • Journal of the Korean Geographical Society
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    • v.44 no.3
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    • pp.323-338
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    • 2009
  • This study analyzes the changes in commuter's mode choice between 2002 and 2006 according to the implement of the integrated public transit system in Seoul metropolitan city. Especially this study focuses on differential changes in a transit modal choice among socioeconomic status, trip purpose and spatial characteristics of origin and destination. The probability of public transit use against automobile is modeled as a function of socioeconomic variables, spatial characteristics of origin and destination and the utility of the commuter's mode. The results from conditional logit model analyses suggest that people with lower income show the larger changes in the ratio of public transit choice between 2002-06. Also both higher density, more accessible to public transit and more diverse land uses in residence zone and in work place generally increase the ratio of public transit choice between 2002-06. Car and subway have the most strong alternative relation in commuter's mode choice. The findings give an important implication that the integrated public transit system has differential impacts on commuter's mode choice in Seoul.

A Study on Estimating Regional Water Demand and Water Management Policy (물 수요함수 추정과 지역 물 관리 정책 연구)

  • Lim, Dongsoon
    • Journal of Digital Convergence
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    • v.16 no.7
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    • pp.1-8
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    • 2018
  • In Korea, water supply capacity and facility investments had been emphasized around the 1980s. The water pricing have gained focuses in water policy since the 1990s. This study analyzes a water demand and estimates the relation of water demand and other socio-economic variable, using econometric models on the city of Busan. Water price and income are two key elements to explain water demand. Modeling approach using translog function provides better results, and water demand responds positively to population and income. Energy and water prices are negative factors in deciding water demand. It is requested that water pricing needs to reflect more production costs. Alternative approaches such as water saving facilities by household and use of digital water information should be emphasized for efficient water management in a local community.

An evaluation of a crushed stone filter and gabion retaining wall for reducing internal erosion of agricultural reservoirs

  • Lee, Young-Hak;Lee, Dal-Won;Ryu, Jung-Hyun;Kim, Cheol-Han;Heo, Joon;Shim, Jae-Woong
    • Korean Journal of Agricultural Science
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    • v.47 no.3
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    • pp.485-496
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    • 2020
  • Recent changes in the disaster environment have greatly increased the possibility of internal erosion in deteriorated reservoirs; thus, countermeasure methods are required to enhance the drainage performance of embankments. Sand filters have been mainly used to prevent internal erosion; however, due to the sand depletion and environmental problems, new alternative materials are required to replace the sand in the filter zone. In this study, crushed stone was used instead of sand as a material that could satisfy permeability, material supply, demanding conditions, and economic efficiency. Although crushed stone has excellent drainage performance, it has a clogging phenomenon due to its high permeability. Accordingly, the materials need to be separated with a geotextile wrapping method. Additionally, the 3D numerical analysis and a large model experiment were conducted to evaluate the seepage characteristics and in-site application of the crushed stone filter. As a result, the crushed stone filter showed an excellent dispersion effect by reducing the pore water pressure by about 9.5 times that of the sand filter. In addition, it was shown that the safety factor for piping increased significantly by reducing internal erosion. When comparing the economics and supply and demand conditions of the material, crushed stone was evaluated as an effective method to reduce the internal erosion of embankments at deteriorated reservoirs.

An Analysis of the International Transportation Route at the Sight of Wind Power Equipment Manufacturing Company (풍력발전부품 제조업체의 관점에서 본 국제 운송경로 분석)

  • Yun, Seok-Hwan;Park, Jin-Hee
    • Journal of Navigation and Port Research
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    • v.39 no.4
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    • pp.361-370
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    • 2015
  • Wind energy began to receive attention as a new alternative fuel since 20 years ago and is growing as a booming global business model. Global wind power generation in the world has been continuously increasing for the past 10 years, accounting for over 30% of cumulative rate compared to total power generation. Global demand for wind power generation is gradually expanding due to restriction on carbon emission and environmental problems caused by increased greenhouse effect. Accordingly in this study, current transportation routes are classified into three types including access-priority route, economics-priority route, and convenience- priority route depending on distribution characteristics of wind power equipment in order to suggest transportation methods other than ships. The three types of transportation route that this study declared can make the Wind power equipment manufacturing companies can judge not only the duration of transportation but also effectiveness and economic feasibility. It means that the manufacturers can analyze and compare the effectiveness and economic feasibility, which are proceed by the shipping company and freight forwarder until now days.