• The Journal of Fisheries Business Administration
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• v.25 no.1
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• pp.1-17
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• 1994

Coastal economic activities usually generate externalities to other economic activities. The conflicts between coastal economic activities, especially land fillings and reclamations, and fisheries in coastal waters pose a typical one, which sometimes causes some social conflicts. In this regard, as the contents and requirements for rules and regulations on fisheries compensation may have important implications for solving such problems, important is to review rationales fur the formulas in calculating fisheries compensation. The purpose of this paper is to review the formulas for fisheries compensation from the economic view points, to highlight some problems and to suggest more appropriate formulas. It is found that the current formulas of fisheries compensation are not properly based on economic concepts and valuation techniques. Main problems are related, as followings, to the coefficient(0.8) employed in the formula, to fishermen's own wages and to current values of invested assets such as fishing boats and nets, etc.. First, it is not clear what the coefficient(0, 8) means. In Japan's case, the coefficient was assumed to reflect the opportunity cost of fishermen's own wages, but it was disappeared from the formula after the self-wage came to be included in totaling fishing cost. As our new formula will include the self-wage in fishing cost, the coefficient(0.8) should be excluded. Second, according to our formula, the current value of invested assets is added to total operating compensation, which will overestimate total compensation. Therefore, it is suggested that total present value of the assets to be invested during the business life should be deducted from total operating compensation. Third, as the self-wage will be included in total cost, opportunity cost for finding new jobs should be newly added to the formula. Finally, this paper also conducted a comparative case study considering above-mentioned factors. The case study showed that the current formulas overestimated total fisheries compensation.

• Proceedings of the KIEE Conference
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• 2000.07d
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• pp.2365-2367
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• 2000

The deterministic errors of semiconductor gyros and accelerometers must be estimated and compensated to develop the low-cost IMU using them. Generally, the dominant errors of the low-cost IMU are bias and misalignment errors. Bias is sensitive to temperature. Therefore, in this paper, the effect on temperature of bias is analyzed and temperature compensation are carryed out. It is shown by experiment that the compensation is efficient.

• Proceedings of the Korea Information Processing Society Conference
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• 2011.11a
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• pp.1248-1251
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• 2011

Web Service technologies make the automation of business activities that are distributed across multiple enterprises possible. Existing extended transaction protocols typically resort to compensation actions to regain atomicity and consistency. A reservation-based transaction protocol is proposed to reduce high compensation risk. However, for a serial long running transaction processing, the resource that is reserved in the early stage may be released due to resource holding time expires. Therefore, our analysis theoretically illustrates a scheduling scheme that tries to prevent the loss of resource holding as well as gain an optimized execution plan with minimum compensation cost. In order to estimate cost of different schedules, we set up a costing model and cost metric to quantize compensation risk.

• The Journal of Fisheries Business Administration
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• v.31 no.2
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• pp.133-153
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• 2000

During the last several decades, Korea has been regarded as one of the fastest growing economies in the world. However, the small size of national land has not met the vigorous demand for land necessary to develop economic infra-structures such as large-scale harbors airports and highways. In order to satisfy the growing demand for land, the Korean government and industry have implemented the national land development programs to reclaim land from the sea fur the several decades. It is certain that these land development programs have resulted in a lot of property disputes between fishermen and public project administrators. This paper is to develop a quantitative model to estimate compensation for damages or restriction of charted fisheries resulting from large-scale public projects. In this paper, the compensation model is derived by using cost-volume-profit analysis framework because the compensation for charted fisheries basically depends on the factors such as the costs, production volume, profit of charted fisheries damaged or restricted by public projects. The model shows that the compensation for damages or restriction of charted fisheries is determined by the average annual profit, damage duration period, and the degree of fishery damages. In addition, the degree of fishery damages measured by the ratio of lost profit to annual average profit turns out to be determined by the following factors: annul profit, unit variable cost, decrease in production volume, the rate of increase in variable cost, and a change in fixed cost. Furthermore, this parer discusses the nam issues related to practices and regulation of the compensation for fishery damages in the current Fishery Act of Korea and suggests some appraisal methods which will be able to lead to theoretically correct and fair compensation for fisheries damages resulting from large-scale public projects.

• The Journal of Fisheries Business Administration
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• v.34 no.1
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• pp.9-30
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• 2003

This paper tries to suggest a rational proposal for the distribution of compensation of common property fisheries damages caused by a large scale coastal reclamation. For the purpose the paper introduces the approach of alternative cost of the use of fishing ground. The background of the paper is the legal conflict between tenants and non-tenants, both of whom are common owners of seaweed cultivation ground, in the distribution of compensation for damages. In principal, so far as the seaweed cultivation right is a common property of the fishing association, the compensation is also a common property of it. Therefore the distribution method of the compensation entirely depends on the decision of the association. But in case that the numbers of non-tenants is larger than those of tenants, the distribution of the compensation is usually unfavorable to the tenants even though the latter is the key contributor to the realization of present value of the common property. The paper aims to show an appropriate distribution method based on the economic principle of optimal distribution. In others words, the value added to the economic value of alternative use of the fishing ground should be distributed to the tenants. the value amount of alternative use of the fishing ground should be equally distributed to the members of the association.

• Journal of the Korean Society of Safety
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• v.16 no.2
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• pp.103-109
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• 2001

When workers get accidents in doing their works, industrial accident insurance covers the compensation for the accidents. Generally, this kind of costs is applied in terms of Direct Cost. In our society circumstance to terminate the accident, many kinds of cost (Non-Insurance Cost) are also discharged. Non-Insurance Cost resulted from additional compensation for insurance allowance, is the important basic data source to estimate Loss Cost. Several studies have been done for the output of accident cost, but companies have difficult to apply these studies into practice and generalize the amount of accident loss cost. This study means to suggest improving solutions for the output of Accident Loss Cost and to reduce Opportunity Cost caused by Industrial Accident.

• The Journal of Fisheries Business Administration
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• v.42 no.3
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• pp.1-13
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• 2011

It is necessary to set up a standard of estimation for annual unit price of sale and cost, damage rate for calculating compensation against fishery damage objectively. Two items on the unit price and cost have regulations but the damage rate has not, so it may occurred some problems such as reasonability and balance because the estimation should be handling by an appraiser's knowledge and experience. This study has analyzed using Regression model and searched variable costs and fixed costs about each items appraisers to operate in the present. It is compare profit damage index is calculated by an estimated model and an appraised example. This analysis showed highly 23-30% estimated model more than appraised example. It means the overestimation for fishery damage. This difference has caused by limited data, lack of sample, much difference in the standard deviation, and has not classified each kind of business and weight of coastal fishery, the overestimation more than what expected. This study has analyzed that the applied rate of fixed and variable cost in relation to the compensation in the cost of coastal fishery is very valuable.

• Journal of Electrical Engineering and Technology
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• v.10 no.4
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• pp.1502-1507
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• 2015

This paper deals with shunt compensation to eliminate voltage violation and enhance transfer capability, which is motivated towards implementation in the Korean power system. The optimal shunt compensation algorithm has demonstrated its effectiveness in terms of voltage accuracy and reducing the number of actions of reactive power compensating devices. The main shunt compensation devices are capacitor and reactor. Effects of control devices are evaluated by cost computations. The control objective at present is to keep the voltage profile of a key bus within constraints with minimum switching cost. A robust control strategy is proposed to make the control feasible and optimal for a set of power-flow cases that may occurs important event from system. Case studies with metropolitan area of the Korean power system are presented to illustrate the method.

• The Journal of the Korea Contents Association
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• v.12 no.7
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• pp.358-367
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• 2012

The importance of physical changes in volume due to changes in temperature has been known for more than a century by the petroleum industry. To examine whether there are any differences between the economic effect of automatic temperature compensation and that of installation cost. The results of the analysis show that there are no ineffective in automatic temperature compensation installation. Analysis showed the increase of price oil will impact negatively on the automatic temperature compensation, appropriate level of economic cost and economic benefit should be calculated for the policy implementation in the future's study.

• Journal of Korean Society for Geospatial Information Science
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• v.22 no.1
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• pp.13-22
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• 2014

Recently, many civil appeals have been occurred in land management work because of discord between cadastral records and actual land use pattern. it is important to select parcels for land alternation exactly using land information and to evaluate compensation cost according to scenarios for advancing this problem. This study operated GIS spatial overlay based on serial cadastral maps and actual-width of the road and analyzed the number and area of the parcels for land alternation by the land classification and ownership applying fuzzy membership function according to occupation ratio to road. Also compensation cost was calculated according to scenarios using individual public land price information of the parcels for land alternation and was arranged by district as Eup and Myeon according to land classification and ownership. This study can efficiently support the work of the parcels for land alternation complying with the financial condition of local government, by supplying compensation cost according to scenarios to the parcels of land alternation by district as Eup and Myeon.