• Title/Summary/Keyword: Economic Appraisal

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Analysis of Economic Effectiveness for Flood Control of Dam (댐의 홍수조절에 의한 경제적 효과분석)

  • Choi, Seung-An;Yi, Choong-Sung;Shim, Myung-Pil;Kim, Hung-Soo
    • Journal of Korea Water Resources Association
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    • v.40 no.5
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    • pp.383-396
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    • 2007
  • The studies on efficiency of flood control reservoir has been introduced into four categories including direct flood control contribution by reservoir, flow-duration change and environmental-ecological change in downstream of dam and flood damage estimation of flood plain. In spite of all the previous approaches, the quantification of the effect of reservoir on the flood control in planning stage is quite complex due to lack of a standard for quantifying feasibility of project. In this study, we develop a methodology that can clearly and accurately quantify the flood damage reduction together with the existing flood level reduction at downstream. The proposed approach uses three appraisal standards of flood control: 'potential safety', 'relative risk' and 'absolute risk' according to the risk by stage. The developed methodology was applied to the Namhan river basin with the storm event of July, 2006. The result shows the damage reduction of 4,189 billion won was estimated. The economic benefits for the flood control effect by dam will greatly contribute to the public understanding of the importance and the effect of the flood control by dam.

Modelling protection behaviour towards micronutrient deficiencies: Case of iodine biofortified vegetable legumes as health intervention for school-going children

  • Mogendi, Joseph Birundu;De Steur, Hans;Gellynck, Xavier;Makokha, Anselimo
    • Nutrition Research and Practice
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    • v.10 no.1
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    • pp.56-66
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    • 2016
  • BACKGROUND/OBJECTIVES: Despite successes recorded in combating iodine deficiency, more than 2 billion people are still at risk of iodine deficiency disorders. Rural landlocked and mountainous areas of developing countries are the hardest hit, hence the need to explore and advance novel strategies such as biofortification. SUBJECTS/METHODS: We evaluated adoption, purchase, and consumption of iodine biofortified vegetable legumes (IBVL) using the theory of protection motivations (PMT) integrated with an economic valuation technique. A total of 1,200 participants from three land-locked locations in East Africa were recruited via multi-stage cluster sampling, and data were collected using two, slightly distinct, questionnaires incorporating PMT constructs. The survey also elicited preferences for iodine biofortified foods when offered at a premium or discount. Determinants of protection motivations and preferences for iodine biofortified foods were assessed using path analysis modelling and two-limit Tobit regression, respectively. RESULTS: Knowledge of iodine, iodine-health link, salt iodization, and biofortification was very low, albeit lower at the household level. Iodine and biofortification were not recognized as nutrient and novel approaches, respectively. On the other hand, severity, fear, occupation, knowledge, iodine status, household composition, and self-efficacy predicted the intention to consume biofortified foods at the household level; only vulnerability, self-efficacy, and location were the most crucial elements at the school level. In addition, results demonstrated a positive willingness-to-pay a premium or acceptance of a lesser discount for biofortification. Furthermore, preference towards iodine biofortified foods was a function of protection motivations, severity, vulnerability, fear, response efficacy, response cost, knowledge, iodine status, gender, age. and household head. CONCLUSIONS: Results lend support for prevention of iodine deficiency in unprotected populations through biofortification; however 'threat' appraisal and socio-economic predictors are decisive in designing nutrition interventions and stimulating uptake of biofortification. In principle, the contribution is threefold: 1) Successful application of the integrated model to guide policy formulation; 2) Offer guidance to stakeholders to identify and tap niche markets; 3) stimulation of rural economic growth around school feeding programmes.

Numerical Analysis on the Crack Control of Concrete Lining Reinforced by Composite Fibers (복합섬유보강 콘크리트 라이닝 부재의 균열제어를 위한 수치해석적 연구)

  • Yang, Woo-Shik
    • Journal of the Korean Geosynthetics Society
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    • v.9 no.2
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    • pp.41-50
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    • 2010
  • The concrete lining of a tunnel constructed by NATM used to be regarded as facing material which does not support any load from the surrounding ground. But the recent appraisal of the decrepit tunnels revealed that rockbolts and shotcrete deteriorate with time resulting in loss of supporting capability. Consequently, concrete lining has to support part of the load which used to be supported by rockbolts and shotcrete, and thus should be regarded as the final supporting structure in a tunnel. One of the common, and perhaps the most serious problem in concrete lining is the longitudinal cracks taking place at the tunnel crown. The longitudinal cracks, mostly related to the construction procedures, can be developed by many reasons such as the lack of thickness, wrong materials, bad curing environment, and excessive external forces. Many efforts has been made to control and suppress these cracks but efficient and economic way is yet to be found. For efficient crack control in concrete lining, reinforcement by composite fibers, which is the mixture of steel fiber and nylon fiber, is suggested in this study.

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Smart Plant Disease Management Using Agrometeorological Big Data (농업기상 빅데이터를 활용한 스마트 식물병 관리)

  • Kim, Kwang-Hyung;Lee, Junhyuk
    • Research in Plant Disease
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    • v.26 no.3
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    • pp.121-133
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    • 2020
  • Climate change, increased extreme weather and climate events, and rapidly changing socio-economic environment threaten agriculture and thus food security of our society. Therefore, it is urgent to shift from conventional farming to smart agriculture using big data and artificial intelligence to secure sustainable growth. In order to efficiently manage plant diseases through smart agriculture, agricultural big data that can be utilized with various advanced technologies must be secured first. In this review, we will first learn about agrometeorological big data consisted of meteorological, environmental, and agricultural data that the plant pathology communities can contribute for smart plant disease management. We will then present each sequential components of the smart plant disease management, which are prediction, monitoring and diagnosis, control, prevention and risk management of plant diseases. This review will give us an appraisal of where we are at the moment, what has been prepared so far, what is lacking, and how to move forward for the preparation of smart plant disease management.

Values of travel time reliability (통행시간 신뢰성 가치 산정에 관한 연구)

  • Chang, Justin Su-Eun;Kang, Ji-Hye
    • Journal of Korean Society of Transportation
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    • v.26 no.6
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    • pp.133-142
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    • 2008
  • The term, travel time reliability, refers to variations in journey time that travelers cannot predict. This issue has been one of the main research topics in transport studies. This paper, especially, investigates the value of travel time reliability. The marginal substitution rate method is suggested as the way for the valuation and travelers' stated preference data are collected based on a choice experiment. A mode choice model is estimated using the data surveyed. The parameters of travel costs and travel time reliability from the model are used to calculate the marginal substitution rate that is interpreted as the value of travel time reliability. The value is arranged by travel areas of intercity and urban trips and by journey purposes of working and non-working types. The result of this research is expected to be helpful of conducting more cautious economic feasibility studies of transport schemes.

The Derivation of a Model to Estimate Compensation for Damages in Chartered Fisheries by Using CVP Analysis (CVP 분석을 이용한 면허어업 손실보상액 평가 모형의 도출)

  • 정형찬
    • 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.

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Using Multilevel Model for Evaluation on Community Support Program (다층모형을 활용한 상수원 관리지역 주민지원사업 평가에 관한 연구)

  • Kim, Dong Hyun;Jung, Juchul
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.3D
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    • pp.469-476
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    • 2011
  • The purposes of research is to understand the need of and the effectiveness of multilevel model to evaluate community support program in watershed areas. If the properties of policy target have hierarchical characteristics, the multilevel analysis is an adequate method to evaluate and test the effectiveness of policy. Also, the technique of multilevel modeling is extended to testing the relevance between performance appraisal and policy effectiveness. The case study of watershed region's community support program was estimated using satisfaction and economic aid level of policy target. This research has three results. First, the multilevel analysis should be used in nested data structure to estimate the effect of policy intervention. Second, the indexes of multilevel modeling should be used complementally to that of the traditional index approach. Third, the spatial hierarchical structure should be considered as the hierarchical structure in policy evaluation.

Appraisal of the Effectiveness of Preparation for International Exposition Yeosu Korea 2012: Focusing on the Transport Management Measures (2012 여수세계박람회 준비의 실효성 평가: 교통대책을 중심으로)

  • Choi, Changho
    • Journal of Korea Port Economic Association
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    • v.29 no.1
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    • pp.99-122
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    • 2013
  • International Exposition Yeosu Korea 2012 was held from May 12th 2012 to August 12th 2012 in New Port area of Yeosu-city, Jeollanam-do, Korea. 105 Nations and 10 international organizations participated in this mega event, and the total number of visitors amounts to 8.2 million. This study appraises the effectiveness of preparation for Yeosu Exposition. The main focus of this study is not on criticizing the problems that occurred in the transport measures. Instead, it looks at the current aspects of establishment and execution process and suggests how they can be applied differently in future transport management for international mega events held in Korea. The suggestions of this study are as follows. First, when establishing transport management plans for international mega events, the geographical features and trip resistance of the venue must be taken into consideration. Second, tasks should be distributed distinctly between the central government and the local government in order to prevent any dissension or inefficiency. Third, transport management needs to be consistent and transport guidance should be efficient in an effort to minimize visitor inconvenience. Last, transport management must be regarded as objective and rational from the outside view and the budget should follow timely based on this account.

An Estimation of ASL in Appraisal : Using Korea National Wealth Survey Data (유형고정자산 감정을 위한 내용연수 산정)

  • Oh, H.S.;Lee, S.J.;Kwon, J.H.;Jung, N.Y.;Cho, J.H.
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.2
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    • pp.141-152
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    • 2018
  • Although the 1997 Raw Data of the National Wealth Statistical Survey (South Korea) is timely 20-year-old data, it is meaningful as a benchmarking in the capital stock estimations of Korea, which is estimated by PIM (permanent inventory method). In the case of machinery/equipment, it is the data that can analyze in depth the changes in the industrial structure of Korea. In the case of ASL (average service life) which has economic concept, since the change of ASL is not so large, ASL yielded by the Raw Data of the 1997 National Wealth Statistical Survey is meaningful as reference value for the ASL estimated by the Bank of Korea and the National Statistical Office. As you know Japan has changed its service life due to changes in its industrial structure. However, many of its assets are still used for the years indicated in Showa (before 1989). The same trend with other countries such as Japan. However, the United States is constantly devoted to assessing the useful ASL and value of assets by distinguishing between the Hulten-Wykoff models and those not. Korea has also benchmarked the useful ASL of the United States and Japan when it conducted its own survey every 10 years by due diligence until 1997. In this study, the 'constraint' Iowa curve estimation by the Raw Data of the 1997 National Wealth Statistical Survey is based on the age records of the assets and the maximum age of the assets appropriately derived. And then we made modified Iowa curve by smoothing. From this modified one, we suggested ASL by asset. After 1997, the vintage disposal data directly were collected by the National Statistical Office with Oh Hyun Seung, Cho Jin Hyung, in order to estimate the useful ASL. Since then, the B/S team of the Economic and Statistics Bureau of the Bank of Korea has been working on a new concept of content training.

Analysis of National Land Expansion Effect of Saemangeum Integrated Tidal Land Reclamation Project (새만금 간척종합개발사업(干拓綜合開發事業)의 국토확장효과(國土擴張效果) 분석(分析))

  • Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.27 no.2
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    • pp.141-157
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    • 2000
  • This study is aimed at identifying the socio-economic value of the total area of 23,500ha of paddy field which will be reclaimed in year 2003. In Korea, tidal land reclamation projects has been carried out not only for paddy field expansion to meet national food security but also for national land expansion to cope with the shortage of land supply in implementing urbanization and industrialization. As of end of 1999, 75,738ha of tidal land reclamation, 48.3%, out of 156,666ha has been carried out in Korea. In spite of continuous implementation of tidal land reclamation, 48.3%, out of 156,666ha has been carried out in Korea. In spite of continuous implementation of tidal land reclamation projects, the appraisal of the national land expansion value has not been made even though the severe competitiveness of land use in economic development. Agricultural land about 20,000 - 30,000ha per year has been converted to urban and industrial land and the converted areas have been produced higher added value than that of the farm land. Accordingly, farm land expansion equivalent to the converted area have to be reclaimed to cope with the food shortage and security in the future. In relation to the study, demand and supply of rice, the staple food of Korean, has been projected up to year 2025. The study results are as follows: 1. Under the assumption of continuing the present tendencies of rice consumption, population increase, farming practices and farm land conversion, paddy area requirement to meet self sufficiency of rice were forecasted as 136,950ha in 2015, 193,460ha in 2020 and 218,482ha in 2025 respectively. 2. The average converted price of paddy per pyeong in Kimje city, Puna Gun and Gunsan city was estimated at 241,150won and average farm land price was amounted to 63,760won. The differential rent was estimated at 177,400won per pyeong which was used as a criteria for valuation of national land expansion effect of the tidal land reclaimed by Saemangeum project. The total land rent of 23,250ha expanded by tidal land reclamation was amounted to 12,361 billion won. Annual expected value of the expanded national land was estimated at 988.9 billion won considering 8% of annual discount rate in Korea. 3. Tidal land resource for paddy area development is limited comparing with the future requirement of paddy area to cope with self sufficiency of rice consumption. Accordingly farm land conversion to urban and industrial land should be regulated and protected in the sense of sustainable development in the future.

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