• Ocean and Polar Research
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• v.27 no.3
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• pp.323-333
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• 2005

The paper is to serve as a guide for deciding on a desirable direction for the vessel buyback program, reviewing their performance and economic effects from fish harvest reduction due to not reaching MSY. Compared with maximum willingness to pay for vessel buyback programs designed to avoid economic losses occurring as a result of overfishing, the portions of investment costs for buyback program are so small comparatively to the range of 0.32% to 12.19% at the annual base. The economic loss effects occurred in terms of the reduction of fishing harvest are comprehensively estimated at the present value of 30,877 billion won since 1971, and exceeded the revenues for fish harvests from 1999. In order to resole fish stocks through a vessel buyback program, this paper recommends that the yield should be reduced to less than the intrinsic growth rate. Otherwise, the buyback program policy eventually fails regardless of the temporal effect of benefits. This paper further argues that technical policy tools such as fishing grounds, fishing seasons, size of fish and minimum size of meshes should be effectively utilized.

• 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.

• Asian Journal of Innovation and Policy
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• v.11 no.1
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• pp.110-147
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• 2022

Many megacities are exposed to natural hazards such as earthquakes, and when located in coastal regions, are also vulnerable to hurricanes and tsunamis. The physical infrastructures of transportation systems in megacities have become so complicated that very few organizations can understand their response to extreme events such as earthquakes and can effectively mitigate subsequent economic downfalls. The technological advances made in recent years to support these complex systems have not grown as fast as the rapid demand on these systems burdened by population shift toward megacities. The objective of this paper is to examine the risks imposed on and recoveries of transportation systems in megacities as the result of extreme events such as an earthquake. First, the physical damage to transportation infrastructure, loss of the transportation system performance, and the corresponding economic loss from disruptions to passenger and freight traffic is evaluated. Then, traffic flows are re-routed to reduce vehicles' delay due to earthquakes using a microscopic traffic flow simulator with an optimization model and macroscopic terminal simulator. Finally, the economic impact of the earthquake is estimated nationwide. Southern California is regarded as the region of study. The results demonstrate the effectiveness of the integrated model and provide what and how to prepare innovative resilience policies of urban infrastructure for a natural disaster occurrence.

• Journal of Korea Port Economic Association
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• v.20 no.2
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• pp.73-87
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• 2004

The purpose of this paper is to setup reasonable criterion for underwriters to reimburse the expenses of suing and labouring incurred by assured, using game theory. As for the upper limit for the reimbursement, MIA and ICC do not mention at all but stipulate that proper and reasonable expenses shall be reimbursed, while ITC-Hulls set the amount insured as the upper limit to compensate the sum of expenses and damage loss. And as for failed measures of averting and minimizing loss, MIA and ICC do not mention either, while ITC-Hulls stipulates underwriters shall compensate the expenses and damage loss within the amount insured. The main results of this paper are as follows: First, it is for the benefit of underwriters to reimburse the expenses incurred to take such reasonable measures to avert or minimizing a loss which would be recoverable under the insurance. Second, the expenses of single measure should not be above the amount insured. Third, even if the measures failed, the expense should be reimbursed if it is less than the expected value of the subject-matter insured that could be recovered by the measures. Last, if the measures are taken several times individually, even if the sum of expenses might be above the amount insured, it should be reimbursed.

• Journal of the Society of Naval Architects of Korea
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• v.57 no.3
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• pp.124-132
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• 2020

The purpose of this paper is to establish the basic procedure and method for selection of preferred anti-fouling paint considering economic analysis according to ship's speed loss based on ISO 19030 that has been published in 2016 to prescribe practical methods for measuring changes in ship specific hull and propeller performance. In this study, six (6) anti-fouling paint products have been assumed for alternatives with each target maximum average speed loss and carried out comparison of the alternatives and sensitivity analysis in assumed conditions for selection of the preferred alternative.

• Asian Pacific Journal of Cancer Prevention
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• v.15 no.6
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• pp.2713-2717
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• 2014

Background: Cancer imposes significant economic challenges for individuals, families, and society. Households of cancer patients often experience income loss due to change in job status and/or excessive medical expenses. Thus, we examined whether changes in economic status for such households is affected by catastrophic health expenditures. Materials and Methods: We used the Korea Health Panel Survey (KHPS) Panel $1^{st}-4^{th}$ (2008-2011 subjects) data and extracted records from 211 out of 5,332 households in the database for this study. To identify factors associated with catastrophic health expenditures and, in particular, to examine the relationship between change in economic status and catastrophic health expenditures, we conducted a generalized linear model analysis. Results: Among 211 households with cancer patients, 84 (39.8%) experienced catastrophic health expenditures, while 127 (40.2%) did not show evidence of catastrophic medical costs. If a change in economic status results from a change in job status for head of household (job loss), these households are more likely to incur catastrophic health expenditure than households who have not experienced a change in job status (odds ratios (ORs)=2.17, 2.63, respectively). A comparison between households with a newly-diagnosed patient versus households with patients having lived with cancer for one or two years, showed the longer patients had cancer, the more likely their households incurred catastrophic medical costs (OR=1.78, 1.36, respectively). Conclusions: Change in economic status of households in which the cancer patient was the head of household was associated with a greater likelihood that the household would incur catastrophic health costs. It is imperative that the Korean government connect health and labor policies in order to develop economic programs to assist households with cancer patients.

• Wind and Structures
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• v.30 no.1
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• pp.1-13
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• 2020

The loss prediction and assessment during extreme events such as wind hazards is always crucial for the group low-rise residential buildings. This paper analyses the effect of variation in building density on wind-induced loss for low-rise buildings and proposes a loss assessment method consequently. It is based on the damage matrices of the building envelope structures and the main load-bearing structure, which includes the influence factors such as structure type, preservation degree, building density, and interaction between different envelope components. Accordingly, based on field investigation and engineering experience, this study establishes a relevant building direct economic loss assessment model. Finally, the authors develop the Typhoon Disaster Management System to apply this loss assessment methodology to practice.

• Journal of the Korean Institute of Electrical and Electronic Material Engineers
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• v.18 no.4
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• pp.370-374
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• 2005

AC loss of a superconducting conductor has a strong influence on the economic viability of a superconducting fault current limiter, which offers an attractive means to limit short circuit current in power systems. Therefore, the AC loss characteristics in several fault current limiting elements of a coil type have been investigated experimentally. The test result shows that AC losses measured in the fault current limiting elements depend on arrangement of a voltage lead. The AC loss of a bifilar coil is smallest among the fault current limiting elements of the coil type. The measured AC loss of the bifilar coil is much smaller than that calculated from Norris's elliptical model. However, the loss measured in a meander, which is frequently used in a resistive fault current limiter, agrees well to the theoretical one.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.59 no.5
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• pp.871-881
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• 2010

In the uniform price electricity market or bilateral electricity market, the energy transactions in which the network is not considered and ISO's system operation costs which ISO try to minimize are settled separately. In this paper, transmission loss, one of the ISO's system operation costs, was dealt. The conventional marginal loss allocation method gives economic signals but three aspects have to be considered; excessiveness, arbitrariness and cross-subsidy. In this paper, marginal loss compensation efficiency method was suggested which consider those aspects of the conventional marginal loss allocation method. Also the characteristics of the marginal loss compensation efficiency were analyzed in the appendixes. And simple 2-bus system and IEEE 14 bus system were used to explain these characteristics.

• 전기의세계
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• v.14 no.4
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• pp.8-17
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• 1965

Firstly, this study has analyzed the following factors affecting the optimum specifications and design of distributive transformers: 1. Facilities installation cost per unit power output. 2. Facilities operating & maintenance cost per unit power output. 3. Production cost per unit power output. 4. Load factor. 5. Loss factor. Secondly, it has clarified the relations between the following factors and the specifications and design of distributive transformers; 1. No-load loss., 2. Load loss., 3. Voltage regulation., 4. Exciting current. Finally, it has determined the method of the most economic design for the transformers using the above factors and relations, and, for optimum the illustrative purpose, suggested their optimum specifications, way of evaluation, and merits by means of typical example.