• Title/Summary/Keyword: Economic Estimation

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Genetic and Phenotypic Parameter Estimates of Body Weight at Different Ages and Yearling Fleece Weight in Markhoz Goats

  • Rashidi, A.;Sheikahmadi, M.;Rostamzadeh, J.;Shrestha, J.N.B.
    • Asian-Australasian Journal of Animal Sciences
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    • v.21 no.10
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    • pp.1395-1403
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    • 2008
  • The objective of the present study was to estimate genetic parameters for economic traits in Markhoz goats. Data collected from 1993 to 2006 by the Markhoz goat Performance Testing Station in Sanandaj, Iran, were analyzed. The traits recorded as body weight performance at birth (BW), weaning (WW), six month (6MW), nine month (9MW), yearling (YW) and yearling fleece weight (YFW) were investigated. Least square analyses were used for estimation of environmental effects. Genetic parameters were estimated with single and multi trait analysis using restricted maximum likelihood (REML) procedures, under animal models. By ignoring or including maternal additive genetic effects and maternal permanent environmental effects, five different models were fitted for each trait. The effects of sex, type of birth, age of dam and year of birth on the all body weights were significant (p<0.01), but had no effects on YFW except year of birth. Age of kids had significant influences on WW and 6MW (p<0.01). A log likelihood ratio test was carried out for choosing the most suitable model for each trait. Total heritability estimates for YFW and growth traits varied from 0.16 for YFW and WW to 0.41 for YW. For all traits, maternal heritability was lower than direct heritability, ranging from 0.06 for BW to 0.01 for 6MW and 9MW. The magnitude of $c^2$ was more substantial for BW than the others, and relative importance was reduced from 0.12 for BW to 0.04 for 9MW. The direct additive genetic correlations estimates were positive and varied from 0.21 between BW-YW to 0.96 between WW-6MW. Direct additive genetic correlations between YFW and body weight traits were positive and ranged from 0.14 between BW-YFW to 0.67 between 6MW-YFW. For all traits, the corresponding estimates for phenotypic correlation were positive and lower than genetic correlations. The maternal additive genetic correlations between various traits were varied and ranged from -0.19 between 9MW-YFW to 0.96 between 6MW-9MW. The estimates of the maternal permanent environmental correlations between various traits were positive and ranged from 0.33 between WW-YFW to 0.93 between WW-6MW. Also, the environmental correlations between various traits ranged from 0.01 between BW-YFW and WW-YFW to 0.70 between 9MW-YW. Estimates of genetic parameters for various traits in this study confirm that selection should be applied on WW for genetic improvement in Markhoz goats.

Estimation of Water Production Cost from Seawater Reverse Osmosis (SWRO) Plant in Korea (국내 해수담수화 플랜트 생산수 단가 추정)

  • Hwang, Moon-Hyun;Han, Doseon;Kim, In S.
    • Journal of Korean Society of Environmental Engineers
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    • v.39 no.4
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    • pp.169-179
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    • 2017
  • This study was conducted to supply information that can be utilized as data for desalination plant construction in the future by estimating unit cost of water production in the potential site of Incheon, Daesan, Yeosu, Busan, Ulsan and Sokcho in Korea. The production costs in Sokcho and Ulsan were similar to those of Busan and Yeosu. Those four sites showed better economic range due to low construction cost for intake facility compared to Incheon and Daesan. Although the salinity measured in the above 6 sites did not show perceptible effect on the production cost, the difference of seasonal seawater temperature needs to be considered due to the change of flux in reverse osmosis (RO) membrane. It turned out that the most critical parameters are the amortization in a year by the analysis of life cycle and the capacity of plant. Incheon and Daesan showed the difference of production cost up to 29% at the condition of amortization in 25 year, and up to 22% depending on plant capacity. However, the production cost in this study did not take into account of other indirect costs, therefore, this should be considered as the minimum cost.

Empirical study of the scale economies of office buildings in Seoul (서울시 오피스빌딩 규모의 경제에 관한 실증분석)

  • Keum, Sang Su
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.11
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    • pp.6630-6638
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    • 2014
  • The concerns for higher returns among investors in Korea are increasing as local interest rates lag behind the global market. The aim of this study was to provide a basis for estimating the precise return on investment to private investors and stakeholders of office buildings by identifying the optimal scale estimation of office building space, derived from managerial expenses. The literature on the economies theories of scales were reviewed, and the average administrative costs on an appropriate scale were assessed by cross-analysis and regression analysis using the U-shaped quadratic and cubic function. The findings suggest that the average office building managerial costs are approximately 6-11% according to the region, 10-13% according to the grade, and 8-9% according to size. Corporate-owned buildings represent the highest in terms of the average managerial costs, and there is an approximately 11.5% difference when it comes to outsourcing. In addition, the elapsed year showed that approximately 5.3 years to meet the lowest U-shaped curve of the average managerial cost. The 'Total floor area' variable shows a ${\bigcap}$-shape as it continue to increase to 72,000-Pyung then decrease gradually. This study presents the fundamental proposition of efficient and practical management of cost, lease and operation for real estate management firms by utilizing LCC.

The Policy Effects on Traditional Retail Markets Supported by the Korean Government (정부의 전통시장 지원 정책 효과에 대한 실증연구)

  • Lee, Kyu-Hyun;Kim, Yong-Jae
    • Journal of Distribution Science
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    • v.13 no.11
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    • pp.101-109
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    • 2015
  • Purpose - A traditional retail market is a place that offers economic opportunity to employees and employers alike it also is a place where the community can meet. The Korean government has invested three trillion won to improve physical and non-physical aspects in traditional retail markets since 2004. However, little research on this has been conducted. We explore this research gap that could lead to theory extension. We analyze consumption behavior with respect to traditional retail markets through an empirical analysis, thus overcoming limits in previous research. We empirically analyze policy effects of traditional retail market projects supported by the Korean government. Research design, data, and methodology - We propose a traditional retail market improvement plan via the relation between cause and effect resulting from the analysis. More specifically, logit analysis was carried out with 1,754 consumers in 16 cities nationwide. In order to analyze consumer consumption behaviors nationwide, the probability was analyzed using a logit model. This research analyzes the link between support and non-support by the Korean government using binary values. The dependent variable is whether Korean government support is implemented; the binomial logistic regression is used as the statistical estimation technique. The object variables are:1 (support) or 0 (nonsupport), and the prediction value is between 1 and 0. As a result of the factor analysis of questions related to attributes of service quality, four factors were extracted: convenience, product, facilities, and service. Results - The results indicate that convenience, product, and facilities have a significant influence on consumer satisfaction in accordance with the government's traditional retail market support. Additionally, the results reveal that convenience, product, facilities, and service all have a significant influence on consumer satisfaction in a traditional retail market's service quality and consumer satisfaction. Finally, the analysis indicates that the highly satisfied traditional retail market customer has a significant influence on revisit intention. Moreover, the results reveal that the highly satisfied traditional retail market customer has a significant influence on recommendation intention. Conclusions - This research focused on consumers nationwide to measure policy effects of traditional retail markets compared to previous research that focused on one traditional retail market or a specific area. We verified the relationship of service quality and customer satisfaction and consumer behavior based on service quality theory. The results indicate that consumer satisfaction of traditional retail markets supported by service quality factors has a significant impact. In a concrete form, the results indicate that these effects are from facility modernization projects and marketing support projects of the Korean government. The results also imply that these facility and management support effects from the Korean government have been consistent. We realize that the Korean government has to selectively support traditional retail markets in major cities and small and medium-sized cities. To that end, the Korean government needs to select a concentration strategy for the revitalization of traditional retail markets.

Estimation of Appropriate Infiltration Rate and the Effects of the Flowerbed Type Infiltration System (화단형 침투시설의 단위설계침투량 산정 및 효과분석)

  • Han, Young-Hae;Lee, Tae-Goo
    • Journal of the Korean Institute of Landscape Architecture
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    • v.40 no.5
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    • pp.140-147
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    • 2012
  • This study developed a flowerbed type infiltration system that could control the amount of runoff discharge under a certain level estimated its proper design infiltration rate, and analyzed the effects of its implementation. Analyzing the performance of infiltration system is the one of the essential processes that should be under review to predict its effects after implementation when a rainwater infiltration system is included in a district-based plan. To estimate the unit design infiltration rate of this system, the runoff decrease effect was analyzed by varying the unit infiltration rate of the system applied to the parking lot adjacent to the Korea Institute of Construction Technology laboratory building by using a water balance analysis program. After varying the unit design infiltration to $0.1{\sim}3m^3/m^2.day$ to analyze the variation in the rate of runoff, 80% of the runoff was infiltrated at $1.0m^3/m^2.day$, and the unit infiltration design rate at the time was 0.0416(m3/m2.hr). It was also found that the unit design infiltration rate obtained from a field infiltration test of the developed system was about $0.045m^3/hr$. Based on this study, it was possible that infiltration rate is estimated to consider the economic scale and environmental effect. It is significant to apply the spatial plan of rainwater infiltration system as green infrastructure.

Gyroscope Signal Denoising of Ship's Autopilot using Kalman Filter and Multi-Layer Perceptron (칼만필터와 다층퍼셉트론을 이용한 선박 오토파일럿의 자이로스코프 신호 잡음제거)

  • Kim, Min-Kyu;Kim, Jong-Hwa;Yang, Hyun
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.25 no.6
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    • pp.809-818
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    • 2019
  • Since January 1, 2020, the International Maritime Organization (IMO) has put in place strong regulations to reduce air pollution caused by ships by lowing the upper limit of ship fuel oil sulfur content from 3.5% to 0.5% for ships passing through all sea areas around the world. Although it is important to reduce air pollutants by using fuel oil with low sulfur content, reducing the amount of energy waste through the economic operation of a ship can also help reduce air pollutants. Ships can follow designated routes accurately even under the influence of noise using autopilot systems. However, regardless of their quality, the performance of these systems is af ected by noise; heading angles with added measurement noise from the gyroscope are input into the autopilot system and degrade its performance. A technique to solve these problems reduces noise effects through the application of a Kalman filter, which is widely used in condition estimation. This method, however, cannot completely eliminate the effects of noise. Therefore, to further improve noise removal performances, in this study we propose a better denoising method than the Kalman filter technique by applying a multi-layer perceptron (MLP) in forward direction motion and a Kalman Filter in rotation motion. Simulations show that the proposed method improves forward direction motion by preventing the malfunction of a rudder more so than merely using a Kalman Filter.

A Study on the Adoption of Farming Technology in Controlled Strawberry Cultivation -with Reference to Nonsan County in Chungnam Province- (딸기재배농가(栽培農家)의 기술수용(技術受容)에 관한 연구(硏究) -충남(忠南) 논산지방(論山地方)을 중심(中心)으로-)

  • Kwon, Yong Dae;Oh, Sea Chul
    • Korean Journal of Agricultural Science
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    • v.20 no.2
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    • pp.221-236
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    • 1993
  • Economic conditions of Korean agriculture have been aggravated since farmers experienced the shortage of labor, instability of farm product price, lack of capital and pressure of opening domestic market. Nevertheless, agriculture must be maintained because structure of national economy can not be progressed without balanced growth of food industry. So the problem that we must solve is to keep agriculture competitive. In that case technology is important in terms of improving productivity, overcoming labor shortage and stabilizing price. This paper is to study the technology adoption on the farm level, focusing on the theories of technology adoption, their empirical test and effect of technology adoption on the farm household income. In this study five theories-independent model, linear model, middle class conservation model, modified middle class conservation model, basic needs and wealfare model- were introduced concerning differentiated technology adoption rate by farmers' class. Based on the survey of controlled strawberry farming in Nonsan County, Chungnam Province, who adopted six kinds of technology, modified middle class conservation model was found to explain five kinds of technology adoption pattern and linear model was useful to explain one kind of technology, that is, irrigation method, These results may mean that controlled strawbary cultivators of middle class were reluctant to accept new technology. There are many variables to effect on the technology accepting rate, that is, farmer's age, labor capacity, education level, cultivation career, size of total cultivated land, and size of strawberry farming land. LOGIT model was used to find which variable influence the technology adoption rate. Results of estimation showed that variables of cultivation career and total land size, of which coefficients were statistically significant at the 5 percent level, might be main influential factors in accepting more than three farming techniques. There was a significant income difference between farm households accepting new methods and those rejecting them. Especially in case of low class of farming group, income of farmers who was adopting new technology was examined to be much higher than that of farmers who did not adopt. This result suggests that new technology play an important role in increasing farm household income. Finally this study emphasized that there is a need to develop proper measure of technology transfer considering various socioeconomic conditions of farm households.

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Estimation of Forest Growing Stock by Combining Annual Forest Inventory Data (연년 산림자원조사 자료를 이용한 임목축적 추정)

  • Yim, Jong Su;Jung, Il Bin;Kim, Jong Chan;Kim, Sung Ho;Ryu, Joo Hyung;Shin, Man Yong
    • Journal of Korean Society of Forest Science
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    • v.101 no.2
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    • pp.213-219
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    • 2012
  • The $5^{th}$ national forest inventory (NFI5) has been reorganized to annual inventory system for providing multi-resources forest statistics at a point in time. The objective of this study is to evaluate statistical estimators for estimating forest growing stock in Chungcheongbuk-Do from annual inventory data. When comparing two estimators; simple random sampling (SRS) and double sampling for post-stratification (DSS), for estimating mean forest growing stock ($m^3/ha$) at each surveyed year, the estimate for DSS in which a population of interest is stratified into three sub-population (forest cover types) was more precise than that for SRS. To combine annual inventory field data, three estimators (Temporally Indifferent Method; TIM, Moving Average; MA, and Weighted Moving Average; WMA) were compared. Even though the estimated mean for TIM and WMA is identical, WMA-DSS is preferred to provide more smaller variance of estimated mean and to adjust for catastrophic events at a surveyed year (so-called "lag bias") by annual inventory data.

Trend/Cycle Decomposition Using DSGE Models (DSGE 모형을 이용한 추세와 경기순환변동분의 분해)

  • Hwang, Youngjin
    • KDI Journal of Economic Policy
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    • v.34 no.4
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    • pp.117-156
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    • 2012
  • This paper decomposes and estimates trend/cyclical components of some key macro variables-GDP, inflation, and interest rate, using a simple DSGE model along with flexible trend specification. The extracted cyclical components of output and interest rate are similar to HP-filtered counterparts, despite some differences in persistence and volatility, while inflation resembles that from BK filtering. This implies that the usual practice of applying a single filtering method to the data of interest may be problematic. When the baseline model is extended to incorporate consumption habit and price indexation, habit turns out to be important in explaining the persistence of business cycles. Comparison of several alternative models shows that the usual practice of estimation of DSGE model using filtered data leads to biased results. Finally, various sensitivity analyses illustrate that (1) allowing for correlation between structural cyclical shocks and trend shocks and (2) including irregular components (in inflation rate) may deliver interesting/important implication for gap estimates.

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Calculation of Total Benefit by the Contingent Valuation Method for Cost-Benefit Analysis: Focusing on Income and Distance-Decay Effects (비용편익분석을 위한 조건부가치측정법에서의 총편익 산정: 소득효과 및 거리-소멸 효과를 중심으로)

  • Lee, Jongyearn
    • KDI Journal of Economic Policy
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    • v.36 no.1
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    • pp.43-80
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    • 2014
  • This study suggests a model for calculating total benefit rigorously to use the contingent valuation method (CVM) in cost-benefit analysis (CBA). Estimating households' willingness to pay through survey method, the study attempts to demonstrate if a respondent's income and the distance between a respondent's residence and the location of a target facility affect her willingness to pay. The estimation results from a structural model show that income and distance-decay effects exist and that the calculated total benefit varies largely when these effects are ignored. The study emphasizes the effects of income and distance-decay on the total benefit must be carefully considered in using CVM for CBA. Even though the total project cost is precisely estimated, the benefit/cost (B/C) ratio may differ largely when the total benefit is not correctly calculated. Also, an ad hoc model generates significantly different estimates from the utility difference model this study adopted. The difference in estimates suggests that the total benefit has to be estimated by a structural model. Finally, simulations are performed to check the validity of the model as well as to predict consequences when income and distance-decay effects are not properly treated. The results from simulations reveal it is not desirable to ignore those effects considering the perspectives of balanced regional development.

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