• Title/Summary/Keyword: Economic Estimation

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Evaluations of Small Area Estimations with/without Spatial Terms (공간 통계 활용에 따른 소지역 추정법의 평가)

  • Shin, Key-Il;Choi, Bong-Ho;Lee, Sang-Eun
    • The Korean Journal of Applied Statistics
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    • v.20 no.2
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    • pp.229-244
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    • 2007
  • Among the small area estimation methods, it has been known that hierarchical Bayesian(HB) approach is the most reasonable and effective method. However any model based approaches need good explanatory variables and finding them is the key role in the model based approach. As the lacking of explanatory variables, adopting the spatial terms in the model was introduced. Here in this paper, we evaluate the model based methods with/without spatial terms using the diagnostic methods which were introduced by Brown et al. (2001). And Economic Active Population Survey(2005) is used for data analysis.

A Survey Research for Power Demand Forecast Criteria of new Industry Complex (산업수용가에 대한 전력수요 예측기준에 관한 조사연구)

  • Nam, Kee-Young;Choi, Sang-Bong;Jeong, Seong-Hwan;Ryoo, Hee-Suk;Kim, Dae-Kyung
    • Proceedings of the KIEE Conference
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    • 2003.07a
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    • pp.86-88
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    • 2003
  • New cities and industrial complexes are being developed actively according to the government's policy. To determine the size of investment, number of power lines and substations for stable power supply to newly developed industrial complexes, the accurate estimation of power demand is necessary. "The standards for the estimation of power demands in newly developed residential and industrial complexes" established by KEPCO in 1991 have been used up to now. But the background for the estimation of power demands is weak and the accuracy has not been verified. Also, it has been passed above 10 years since their establishment and the social & economic situations have changed a lot, which requires an urgent revision. Through this survey and analysis of existing areas, new standards that will enable more accurate estimation of power demands in new cities and industrial complexes to be developed in the future are established by calculating the some kinds of power demand factors.

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Estimation of Fishery Resource Rebuilding and Economic Effects on Coastal Gill-net Fishery as a Result of Korean Vessel Buy-back Program (우리나라 어선감척사업의 연안자망어업에 대한 어자원회복 및 경제적 효과 추정)

  • Jeong, Minju;Nam, Jongoh
    • Ocean and Polar Research
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    • v.39 no.3
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    • pp.221-232
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    • 2017
  • The purpose of this study is to estimate the extent of fisheries resource rebuilding and other economic effects on coastal gill-net fishery as a result of the Korean vessel buy-back program using with-without analysis based on methods estimating sustainable yields for all species caught by coastal gill-net fishery. Based on the results of with-without analysis, maximum sustainable yields (MSY) of all species caught by coastal gill-net fishery have been increased by the Korean vessel buy-back program. In addition, profits per vessel of maximum economic yield (MEY) of the species have been improved by the program. Further, yields and a producer surplus per vessel under an equilibrium of open access (OA) have increased because of the program. In detail, first of all, at the MSY level, the vessel buy-back program has led to about 21% fisheries resource recovery, and at the MEY level, it has led to about a 19% resource recovery. Secondly, at the MEY level and the OA level, the producer surplus per vessel has been increased by about 24% and 22% respectively by the vessel buy-back program.

Conceptual Design of a Hazard Evaluation Process for Constructing the Korean Hazard Information System : Focused on Flood Hazard (한국형 재해정보시스템 구축을 위한 재해평가 프로세스 개념설계 : 홍수재해를 중심으로)

  • Jeong, Keun-Chae
    • IE interfaces
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    • v.21 no.4
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    • pp.365-377
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    • 2008
  • In this paper, for constructing the Korean Hazard Information System (KHIS), we conceptually design a hazard evaluation process. We first deal with a hazard evaluation process focused on flood hazard to give the most immense damage and loss. The hazard evaluation process is consist of a damage evaluation process and a loss evaluation process, and is used for transforming hazards from natural disasters into economic measures. The proposed process is developed based on the famous FEMA (Federal Emergency Management Agency)'s $HAZAS^{@MH}$methodology. We modify the FEMA's process to be mutually exclusive and collectively exhaustive, that is all losses from the hazards are included into the estimation process but the losses are not duplicated in the process. In addition to this, we define the loss process specifically by considering the characteristics from the hazard environments of Korea. We can expect that KHIS for evaluating economic losses from natural hazards can be developed based on the conceptual design for the economic loss evaluation process, and KHIS can be used as a useful tool for analyzing the feasibilities of mitigation plans in central/local governments.

Estimation Economic Value of Multi-Functionality and Preservation Program of Traditional Stone Fences in Korea (내륙지방 전통담장의 가치평가 및 보전 방안)

  • Rhee, Sang-Young
    • Journal of Korean Society of Rural Planning
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    • v.13 no.2
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    • pp.51-61
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    • 2007
  • The purpose of this paper is to estimate the economic value of Multi-functionality Roles including landscape and so on, which traditional stone fences in Korea possess, using Dichotomous Choice Contingent Valuation Method (DC-CVM). The stone fences is life cultural heritance of regional residents. It has functions like Development of Favorable Landscapes, Maintenance of Cultural Heritage, and Recreation/Relaxation. Expectation from regional visitors shows that the existence and inheritance value of the stone wall is higher then we expected. According to the research that we had done from the people that had agreed to contribute the stone wall. moreover the public commercial value of regional tradition stone was not only 2,900 billion won but also it will increase an economic gain in every year. Therefore, preserving the stone wall that has Multi-functional Roles and values can lead to huge economic value in the future. But farmhouses in the stone wall conservation area are being supported 9 billion won in every year. This is only 0.03% of the income that farmhouse earns per year. Thus, stone wall preservation policy and plan can raise green-tour commercial value of inland area as a long-term inside measurement. Those will have to be propelled continuously.

A Study on the Economic Feasibility of 4-bed Rooms in Public Hospitals (공공병원의 4인병실 도입에 따른 경제적 타당성에 관한 연구)

  • Kwon, Soonjung;Chai, Choul Gyun;Choi, Kwangseok
    • Journal of The Korea Institute of Healthcare Architecture
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    • v.20 no.3
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    • pp.41-48
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    • 2014
  • Purpose: At the moment, a lot of Public Hospitals in Korea have adopted 5 or 6 bedrooms as a standard multi-bedroom type. However 5-6 bedrooms have many problems related to inpatient satisfaction and nosocomial diseases. Therefore 4 bedroom is under considering for standard multi-bed room in Public Hospitals in Korea. This paper tries to prove that adoption of 4 bedroom in Public Hospitals has nothing to do with economic loss which is now an obstacle in adopting 4 bedrooms. Methods: 3 Methods have been used in this paper. 1) Comparative analysis between medical insurance fee and service cost for hospitalization has been conducted through literature survey. 2) Scenario analysis has been used for the estimation of inpatient number when 4 bedrooms are adopted in Public Hospitals. 3) Relation analysis between profit and proportion of 4 bedroom in Public Hospitals. Results: Adoption of 4 bedroom as a standard multi-bedroom in Public Hospitals has been proved to have nothing to do with the economic loss of hospitals. Implications: It is necessary to introduce and expand 4 bedrooms instead of 5-6 bedrooms in hospitals for the upgrade of hospital environment and easy control of cross infection in inpatient bedrooms.

An Analysis of Urban Residential Crimes using Eigenvector Spatial Filtering (아이겐벡터 공간필터링을 이용한 도시주거범죄의 분석)

  • Kim, Young-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.12 no.2
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    • pp.179-194
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    • 2009
  • The spatial distribution of crime incidences in urban neighborhoods is a reflection of their socio-economic environment and spatial inter-relations. Spatial interactions between offenders and victims lead to spatial autocorrelation of the crime incidences. The spatial autocorrelation among the incidences biases the interpretation of the ecological model in OLS framework. This research investigates residential crimes using residential burglaries and robberies occurred in the city of Columbus, Ohio, for 2000. In particular, the spatial distribution of incidence rates of residential crimes are accounted in OLS framework using eigenvectors, which reflect spatial dependence in crime patterns. Result presents that handling spatial autocorrelation enhanced model estimation, and both economic deprivation and crime opportunity are turned out significant in estimating residential crime rates.

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Methodological Approaches to Estimation of Economic Growth and Sustainable Development: Kazakhstan's Experience

  • NURLANOVA, Nailya K.;OMAROV, Akedil K.;SATPAYEVA, Zaira T.
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.4
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    • pp.317-324
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    • 2020
  • The study aims to analyze the theoretical background of the economic growth and sustainable development; systematization of scientists view on monitoring and economic and innovative evaluation, analysis and diagnosis of factors affecting these processes. Rating characteristics of the level of innovative resources development obtained based on the comparative analysis of Kazakhstan regions. Calculations were done based on official statistics during 2010 and 2015-2017. Based on obtained data there has been grading of the country regions and their ratings were determined by the level of development of innovative resources. This research identifies areas and mechanisms to ensure balanced sustainable development of the national economy. The findings suggest that sustainable development of the state is affected by the innovative activity of the regions, the sustainable development of which is ensured by innovative enterprises. Transition to the model of sustainable territorial development involves the formation of such conditions and the use of mechanisms under which the natural base of this development is not destroyed, the environment suitable for human existence is preserved and reproduced. The findings of this research support for pursuing a national policy of reducing regional imbalances, and promoting a more balanced and sustainable development of the whole country.

Estimation of Socio-Cultural Value and Preservation Program of Grassland in Jeju (제주초지의 사회.문화적 기능 가치평가 및 보전방안)

  • Rhee, Sang-Young
    • Journal of Korean Society of Rural Planning
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    • v.13 no.4
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    • pp.23-30
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    • 2007
  • The purpose of this paper is to estimate economic value of multi-functionality roles including landscape and so on, which grassland in Jeju possesses, using Dichotomous Choice Contingent Valuation Method (DC-CVM). Grassland is life cultural heritance of regional residents in Jeju. It has functions like development of favorable landscapes, maintenance of cultural heritage, and recreation/relaxation. Expectation from regional visitors shows that the existence and inheritance value of grassland is higher than we expected. According to the research that we had done from the people that had agreed to contribute grassland. moreover the public commercial value of grassland was not only $397{\sim}419$ billion won but also it will increase an economic gain in every year in Jeju. Therefore, preserving grassland that has multi-functional roles and values can lead to huge economic value in the future in Jeju. Moreover, farm households which are located in the grassland conservation area would be supported $15{\sim}31$ billion won in every year for grassland conservation but it is only $4{\sim}8%$ of the economic value of grassland i.e. $3,971{\sim}4190$ billion won. Thus, grassland preservation policy and plan can raise green-tour commercial value of Jeju area as a long-term inside measurement. Those will have to be propelled continuously.

Design and Economic Evaluation on a POP Inventory Control System in SCM Using RFID (SCM 환경에서의 RFID를 이용한 생산시점 재고관리 시스템 설계 및 경제성 평가)

  • Cho, Jae Hyung
    • The Journal of Society for e-Business Studies
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    • v.19 no.1
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    • pp.1-14
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    • 2014
  • This paper presents the development of a stock control system of POP system design based on RFID in SCM and its economic efficiency. A stock control system is proposed for 900MHz passive type RFID system. The RFID system is composed of a RFID reader and four antennas to read the tag IDs. A cost estimation model is adapted based on the total product profit by various tag prices. The result of the economic efficiency analysis can indicate any invested model for the automation system which have initial investment should be used. This solution indicates the limit of the break even point according to the input. And it can be concluded that the stock control can be developed by RFID readers and passive tags with directional arrangement of several antennas. Also, the economical evaluation model can be a decision method for company to adapt the new developed system.