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Estimation of Willingness to pay for Realtime Route Guidance Information by Contingent Valuation Method (조건부가치측정법(CVM)을 이용한 실시간 경로안내시스템의 지불의사액 산정)

  • Do, Myung-Sik;Kim, Yoon-Sik
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.11 no.5
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    • pp.46-55
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    • 2012
  • This study proposes an estimate method of willingness to pay(WTP) for real-time route guidance systems using contingent valuation method(CVM) under double bounded dichotomous choice question(DBDCQ) and analysis for impact factors of WTP estimation. This study assumed that provided real-time traffic information service is optimal route concepts dealing with traffic conditions on origin-destination. Analysis targets were classified into two groups as short distance path and middle distance path for estimating WTP for realtime route guidance system in a year using the survival analysis method and the regression model with personal information, actual condition and satisfaction of information usage and users' awareness and usage of facilities. As a result, mean WTP of realtime route guidance system is 4,034won/year in short distance path, and 4,884won/year in middle distance path. Therefore real-time route guidance system for longer distance path is recognized as more valuable than shorter distance path. Moreover, the necessity of information was required on a higher income group and higher WTP was estimated on owners of vehicle group and lower awareness of a route group.

The Significance of Korean Proverb and Riddle in the sense of Bias (편향의 관점에서 본 한국의 속담과 수수께끼)

  • Kim, Kyung-Seop;Kim, Jeong-Lae
    • The Journal of the Convergence on Culture Technology
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    • v.3 no.4
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    • pp.35-42
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    • 2017
  • Behavior Economics, a branch of social sciences, which seeks to find the answers about why man sometimes does absurd economy-related things, came into existence through combining economics and psychology. To the contrary of the traditional economics', behavior economics has developed by explaining how man makes economy-related choices by means of applying their own cognitive principles. Individuals lack the information on the goods and services in the market, and don't know how to make best use of the obtained information, failing to achieve maximum utility. Therefore, man's rationality is meant to be confined to bounded rationality. It is the very Heuristic that does work in the process of this simplified decision making process. Heuristic utilizes established empirical notion and specific information, and that's why there can be cognitive biases sometimes leading to inaccurate judgment. As Oral Literature is basically based on heavy guesswork and perceptual biases of general public, it is imperative to contemplate oral literature in the framework of Heuristic of behavior economics. This thesis deals with thinking types and behavioral patterns of the short-piece proverbs, folklore language-game riddles on the basis of personal or public memory. As a result, it is evident that proverbs point out biases arising from human behaviors, while riddles make full or active use of biases.

Institutional and Individual Investors' Trading Patterns and Price Changes (기관 및 개인투자자의 거래행태와 가격변화)

  • Jo, Kyoo-Sung
    • The Korean Journal of Financial Management
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    • v.24 no.4
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    • pp.163-199
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    • 2007
  • This paper studies the stock market in which there are two types of investor, institutional and individual, whose information gathering and processing abilities are different. The institutional investor manages large funds and has powerful information sources. Whereas, the individual investor trades with a small amount of money and an information disadvantage. The model assumes that the institutional investor is more experienced and able to acquire relevant information earlier than the individual investor. On these assumptions, this paper shows a price continuation in the short run and a price reversal in the long run. The price continuation, or momentum, in the short run can be explained as follows. The early-informed institutional investor trades a stock, and as a result the stock price changes. Then the late-informed individual investor trades the same stock, and the stock price continues to move in the same direction in the short run. The reason for the price reversal in the long run is that since the individual investor has inferior information on the fundamental value of the stock, he tends to overreact to new information. So the stock price changes over its fundamental value initially and then regresses toward its fundamental value. In sum, both the price continuation and the price reversal are caused by the overreaction of the individual investor. The essay illustrates how these phenomena are stronger in the case where the proportion of the individual investor is higher. It also shows how the stock price goes up when the institutional investor buys a stock, while it goes down when the individual investor buys one.

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Characterization of Convective Weather Systems in the Middle Himalaya during 1999 and 2000 Summer Monsoons (1999년과 2000년 여름몬순기간 동안 히말라야 지역에 발생한 대류계의 특성에 관한 연구)

  • Kim, Gwang-Seob;Noh, Joon-Woo
    • Journal of Korea Water Resources Association
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    • v.36 no.3 s.134
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    • pp.495-505
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    • 2003
  • Convective weather systems such as organized mesoscale convective systems (Mesoscale Convective Complex, MCC and Convective Cloud Clusters, CCC) and much weaker Disorganized Short-lived Convection (DSC) in the region of India and Nepal were analyzed using the Meteosat-5 IR imagery. The diurnal march and propagation of patterns of convective activity in the Himalayas and Northern Indian subcontinent were examined. Results indicate that infrared satellite images of Northern India and along the southern flank of the Himalayas reveal a strong presence of convective weather systems during the 1999 and 2000 monsoons, especially in the afternoon and during the night. The typical MCCs have life-times of about 11 hours, and areal extent about $300,000km^2$. Although the core of MCC activity remains generally away from the Middle Himalayan range, the occurrence of heavy precipitation events in this region can be directly linked to MCCs that venture into the Lesser Himalayan region and remain within the region bounded by $25^{\circ}-30^{\circ}N$. One principal feature in the spatial organization of convection is the dichotomy between the Tibetan Plateau and the Northern Indian Plains: CCCs and DSCs begin in the Tibetan Plateau in the mid-afternoon into the evening; while they are most active in the mid-night and early morning in the Gangetic Plains and along the southern facing flanks of the Himalayas. Furthermore, these data are consistent with the daily cycle of rainfall documented for a network of 20 hydrometeorological stations in Central Nepal, which show strong nocturnal peaks of intense rainfall consistent with the close presence of Convective Weather Systems (CWSs) in the Gangetic Plains (Barros et al. 2000).

A Study on the Non-market Economic Value of Marine ranches and Marine Forests Using Contingent Valuation Method (조건부가치측정법(CVM)을 이용한 바다목장과 바다숲의 비시장 경제가치 연구)

  • Kim, Soon-Mi;So, Ae-Rim;Shin, Seung-Sik
    • The Journal of Fisheries Business Administration
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    • v.51 no.3
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    • pp.1-15
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    • 2020
  • The Korean government has been carrying out the marine ranch development project since 1998 with the purpose of responding to the decrease in coastal fishery resources and fishery income, preparing a systematic management system for the sustainable use of fishery resources and realizing advanced fisheries power by expanding and upgrading fisheries resource development projects. In addition, the government established the Korea Fisheries Resources Agency and promoted projects for the protection and management of fishery resources by increasing basic productivity by artificially creating marine forests in areas where whitening events occur. Since the project of building marine ranches and marine forests requires immense government financial support, it is important to estimate the economic value and thoroughly evaluate the feasibility of the project. In this paper, the project of non-market economic value of the development of marine ranches and the development of marine forests was estimated. CVM (Contingent Valuation Method) was applied as a methodology for benefits estimation. Prior to the analysis, a one-on-one interview survey was conducted with participation of 512 residents and 514 residents respectively for the project of creating a marine ranch and developing a marine forest. A DBDC (Double-Bounded Dichotumous Choice) model was applied in the WTP (Willingness To Pay) analysis model and the socioeconomic variables of the surveyor, such as sex, age, education and income, were reflected in the model. The economic benefits from the two projects, namely, building of marine ranches and developing marine forests were estimated to be equal to 4,608 won and 7,772 won per household per year, respectively. According to the results of the survey, it seems that respondents think that marine forests are more valuable than marine ranches. This is as a result of ordinary citizens' thought that the marine ranches are more cost-effective than the marine forests. The benefits estimated through this study can be used for analysis of economic feasibility prior to carrying out the project of building marine ranches and developing marine forests, and are considered to be the valuable for policy-making purposes and finding social and economic consensus.

Gill Ultrastructure of the Granular Ark, Tegillarca granosa (Bivalvia: Acridae) (꼬막, Tegillarca granosa 아가미의 미세구조)

  • Ma, Kyung-Hwa;Lee, Jung-Sick
    • Applied Microscopy
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    • v.33 no.3
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    • pp.223-231
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    • 2003
  • Histology and ultrastructure of the gill in the granular ark, Tegillarca granosa are described using light and transmission electron microscopy. The gill of the clam have typical structure of the filibranch type. The gill filament have several band of lateral and apical cilia. The epithelial layer surrounding the hemolymph sinus is simple and consists of epithelial cells, ciliated cells and secretory cells. The epithelial cells are usually squamous and covered with microvilli. The ciliated cells are usually columnar and can be divided into two types (A and B). Type A cells are more abundance and have lower electron density than B cells. Ultrastructure of the cilia showed that '9+2' microtubular structure of the axial filament and '$2{\times}9$' proximal centriole structure in the cross section. Secretory cells are mainly observed in the apical region of the filament and can be divided into three types of A, B and C with morphological features of the secretory granules. Type A cells of oval shaped are more abundance than other secretory cells and contains numerous secretory granules of low electron dense. Type B cells contains secretory granules of membrane-bounded and high electron dense. Secretory granules of type C cells are elliptical and fine granules surrounding the homogeneous core materials.

A Survey of Plastid Crystals and Microtubules in Flowering Plants (꽃피는식물 색소체 내 결정구조와 미세소관의 발달양상 조사 연구)

  • Kim, In-Sun
    • Applied Microscopy
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    • v.39 no.2
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    • pp.73-80
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    • 2009
  • The plastid inclusion has long been known to exist in leaves of numerous plant species, especially in those of flowering plants. Among the inclusions, crystalline bodies are the most frequently distinguished structures of the foliar plastids, however, microtubules and phytoferritins are also reported occasionally. The crystalline inclusions vary in shape, and are located either in the stroma or within intrathylakoidal spaces, whereas microtubules and phytoferritins are more uniform in shape and are formed in the stroma. In crystalline structures, the composing elements exhibit a lattice pattern and/or paralleled tubules that are either bounded by membranes or exist without membrane enclosing. Other types of inclusions have not been shown to be enclosed by any membranous structures. According to the current survey, the plastid inclusion, with the exception of phytoferritins, has been shown to exhibit a crystalline or tubular pattern, and has been reported in more than 56 species of various families. Their occurrence is not restricted to any photosynthetic pathway, but is found to be randomly distributed among C-3, C-4 and CAM species, without phylogenetic relationships. The progress in plastid inclusion research reveals more information about the function and complexity, but the need for characterizing the 3-D structure of the crystalline inclusions also has been acknowledged in previous studies. A 3-D characterization would utilize tilting and tomography of serial sections with appropriate image processing that would provide valuable information on the sub-structures of the crystalline inclusions. In fact, recent studies performed on 3-D reconstruction of the plastid inclusions revealed important information about their comprising elements. In this article, the crystals and microtubules that have been reported in various types of plastids have been reviewed, with special consideration given to their possible sub-cellular function within the plastids.

Geology and Ore Deposits in the Haman-Kunbuk Copper District (함안군북지구(咸安郡北地區)의 지질(地質)과 동광상(銅鑛床))

  • Moon, Chung Uk;Kim, Myung Whan;Lee, Ji Hern;Choi, Chung Jung
    • Economic and Environmental Geology
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    • v.3 no.2
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    • pp.55-73
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    • 1970
  • The district investigated covers the central and southern portions of the Uiryong Quadrangle amounting to $40km^2$ in area and is bounded approximately by geographical coordinates of $128^{\circ}$ 28' $40^{{\prime}{\prime}}{\sim}128^{\circ}$ 24' 25"E in longitude and $35^{\circ}10{\prime}{\sim}35^{\circ}14^{\prime}06^{{\prime}{\prime}}N$ in latitude. The purpose of this investigation was to provide basic information in drawing up a comprehensive development plan of the copper ore deposits known to exist in the HamanKumbuk district with special emphasis given to the ascertainment of geological and paragenetic characteristics. The area consists chiefly of shale, sandy shale and chert, all belong to Kyongsang System of Cretaceous age. Intruded into these rocks are andesite, granodiorite, basic dikes, and acidic dikes. The mineralization which took place in the area, consists of mostly fissure-filling vein deposits, numbering several tens, with varying magnitudes. The fissures and shear zones created in rocks, such as chert and granodiorite, hosted the deposition of mineralizing vapors and/or hydrothermal solutions along their openings. The strike lengths of these veins vary from 50 to 600 meters in extension and 0.1 to 3 meters in width. Although the degree of fluctuation in width is great, it averages 0.3m. The stuctural patterns, which apparently affected the deposition of veins, are fissure patterns, trend NS to $N30^{\circ}W$, and steep-pitching tension fractures as well as normal fault pattern. Ore minerals associated with vein matters are primarily chalcopyrite and small amounts of scheelite, cobaltiferous arsenopyrite, and gold and silver intimately associated with sulphide minerals. Associated with these ore mineral are pyrite, pyrrhotite, magnetite, specularite and arsenopyrite. Gangue minerals noted are quartz, calcite, chlorite, tourmaline and hornblende. In terms of the compositions of associated minerals, the vein deposits in the district could be grouped under the following four categories: 1. Pyrrhoitite, Arsenopyrite, Gold and Silver Bearing Copper Vein (Type I) 2. Calcite-Scheelite-Copper Vein (Type II) 3. Magnetite-Pyrite-Copper Vein (Type III) 4. Tourmaline Copper Vein (Type IV) Of the four types, the first and the fourth are presently yielding relatively higher grades: of copper ores and concentrates. The estimated ore reserves total some 222,000 metric tons with the following breakdown in terms of metal contents: Name of Mines Au(g/t) Ag(g/t) Cu(%) Reserves(M/T) Kunbuk 15.92 78.69 6,074 60.498 Cheil Kunbuk - - 1.040 60,847 Haman - - 2.688 101,204 222,549 As rehabilitation of old workings and/or exploration of veins at depth proceed, additional estimation of ore reserves may become apparent and necessary. With regard to the problem of beneficiation and upgrading of low-grade ores in the district, it would be advisable to make decisions on location, treating capacity and mill flowsheet after sufficient amount of exploration is completed as suggested in the report.

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Stratigraphy of the Kachi-1 Well, Kunsan Basin, Offshore Western Korea (한국 서해 대륙붕 군산분지 까치-1공의 층서)

  • Ryu, In-Chang;Kim, Tae-Hoon
    • Economic and Environmental Geology
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    • v.40 no.4
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    • pp.473-490
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    • 2007
  • Strata of the Kachi-1 well, Kunsan Basin, offshore western Korea, were analyzed by using integrated stratigraphy approach. As a result, five distinct unconformity-bounded units are recognized in the well: Triassic, Late Jurassic-Early Cretaceous, Early Cretaceous, Late Cretaceous, and Middle Miocene units. Each unit represents a tectono-stratigraphic unit that provides time-sliced information on basin-forming tectonics, sedimentation, and basin-modifying tectonics of the Kunsan Basin. In the late Late Jurassic, development of second- or third-order wrench faults along the Tan-Lu fault system probably initiated a series of small-scale strike-slip extensional basins. Continued sinistral movement of these wrench faults until the Late Cretaceous caused a mega-shear in the basin, forming a large-scale pull-apart basin. However, in the Early Tertiary, the Indian Plate began to collide with the Eurasian Plate, forming a mega-suture zone. This orogenic event, namely the Himalayan Orogeny, continued by late Eocene and was probably responsible for initiation of right-lateral motion of the Tan-Lu fault system. The right-lateral strike-slip movement of the Tan-Lu fault caused the tectonic inversion of the Kunsan Basin. Thus, the late Eocene to Oligocene was the main period of severe tectonic modification of the basin. After the Oligocene, the Kunsan Basin has maintained thermal subsidence up to the present with short periods of marine transgressions extending into the land part of the present basin.

Water Masses and Frontal Structures in Winter in the Northern East China Sea (동중국해 북부해역의 겨울철 수계와 전선구조)

  • 손영태;이상호;이재철;김정창
    • The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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    • v.8 no.3
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    • pp.327-339
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    • 2003
  • During the winter in February 1998, January and April 1999, interdisciplinary research was conducted in a large area including the South Sea of Korea and northern East China Sea to examine distribution and structure. Water masses identified from the observed data are Warm Water originated from Tsushima Warm Current, Yellow Sea Cold Water (Northern or Central Cold Water) and Korean Southern Sea Cold Water. In the southern Yellow Sea, Warm Water originated from Tsushima Warm Current, flowing into the Cheju Strait after turning around the western Cheju Island, makes a front of '┍' shape, which is bounded by the Yellow Sea Central Cold Water in the southern part of Daeheuksan Island and by the Yellow Sea Northern Cold Water in the eastern part of the Yangtze Bank. This front changes its corner shape and position with strength of the warm water extension toward northwestern Yellow Sea. The position and structure of the fronts off the southwestern tip of the Korean peninsular and near the Yangtze Bank varies with observation period. In the front in the South Sea of Korea, cold coastal water which if formed independently due to local cooling, ,sinks along the sloping bottom. We explained the processes of variations in the distribution and structure of these winter fronts in terms of up-wind and down-wind flow by the seasonal monsoon, heat budget through the sea surface and density difference across the fronts.