• Journal of Environmental Policy
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• v.8 no.3
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• pp.163-180
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• 2009

This study attempts to investigate the preference uncertainty of respondents involved in stating their Willingness to Pay (WTP). For the Contingent Valuation Method (CVM) survey, we employed two approaches using two split samples. The respondents of one sample were given the opportunity to express intensity of preference through Multi-bounded Discrete Choice (MBDC) WTP questions, while those in the other sample were given Dichotomous Choice (DC) WTP questions. By incorporating the two elicited degrees of preference uncertainty into examining the WTP responses, we compared the two approaches. In comparing the DC model with the MBDC model, the mean WTP for the DC model was similar to PRYES in the MBDC Model. We concluded that the MBDC model estimates the various mean WTP while considering the preference uncertainty.

• Korean Journal of Organic Agriculture
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• v.26 no.1
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• pp.19-31
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• 2018

In general, an increase in consumer income increases interest in safe foods and increases consumption of environmental friendly foods. Meanwhile, even in Malawi, interest in safe food and environmentally friendly food has been increasing due to increase in per capita income, but research related to this has not been done yet. The purpose of this study is to estimate the value of environmentally friendly foods in Malawi consumers. For this purpose, we surveyed the consumption patterns and estimated the value of organic chicken for consumers visiting supermarkets. As a value estimation technique, Contingent Valuation Method (CVM) was used. Probit model analysis showed that price, expenditure on regular chicken, and knowledge of organic food affect the willingness to pay for organic chicken. CVM analysis shows that Malawi supermarket consumers are willing to pay MK2,514 (3.59) dollars per kilo of organic chicken, which is 25.7% higher than the average price of a regular chicken. Thus, Malawi supermarket consumers can deduce that they have a higher value for environmentally friendly food than regular food. These findings can be used in formulating policies on food safety by government officials, organic chicken meat marketing strategies by supermarket mangers, decision making to enhance organic food production by producers, in order to develop organic food industry.

• Journal of the Korean Data and Information Science Society
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• v.14 no.2
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• pp.209-216
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• 2003

Contingent valuation method (CVM) is a main evaluation method of nonmarket goods for which markets either do not exist at all or do exist only incompletely; an example is environmental good. A dichotomous choice approach, the most popular type of CVM in environmental economics, employs binary discrete choice models as statistical estimation models. In this paper, we propose a semiparametric dichotomous choice CVM method using local linear model of Fan and Gijbels (1996) in which probability distribution of error term is specified parametrically but latent structural function is specified nonparametrically. The computation procedures of the proposed method are illustrated with a simple design of simulations.

• Environmental and Resource Economics Review
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• v.10 no.3
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• pp.387-412
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• 2001

This paper is to empirically test scope effects proposed to judge the internal consistency of contingent valuation method. The application was illustrated for the case of estimating people's WTP for improving water quality at Man Kyoung River in the Chon Buk area. The CV survey was carefully designed and implemented by carrying out recommendations from the NOAA Blue Ribbon panel. Using a split sample, we conducted the Cochran-Mantel-Haenszel test with the frequency distribution of no responses, calculated the Turnbull low bound mean for WTP, and measured the mean WTP from estimated variation functions. The test results consistently exhibited that the CV estimates of WTP were adequately responsive to the size of water quality changes being offered. The mean WTP for improving water quality suitable for swimming (5,171 and 5,212 won) was significantly larger than that for agricultural use and fishing activity (3,280 and 3,136 won).

• Proceedings of the SAREK Conference
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• 2009.06a
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• pp.650-655
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• 2009

In this study, a consumer willingness to pays for residential heating systems are estimated by economic valuation method. The major Korean residential heating systems in apartments are central heating system (CH), district heating system (DH), and individual heating system (IH). However, DH and IH systems are adopted in newly constructed apartments. Each heating system has own characteristics which residents can identify and value. 700 households in apartment were surveyed to analyze the preference of the residential heating systems and to estimate willingness to pay. We find that the households in DH system are more satisfied with their heating system than the households in other systems overall and that consumers prefer an apartment with DH system than with IH system and the willingness to pay for IH system is less than DH system. The results indicate that DH system has the relative premium which may be caused by the safety and the convenience to manage the system.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.29 no.1
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• pp.143-150
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• 2006

Box-Cox model and T-factor method have been widely used to measure economic depreciations for industrial property. The Box-Cox model which combines economic efficiency with depreciation pattern is here extended to the reliability function. To do so a Rayleigh distribution which has been used to estimate the reliability of current assets was chosen as an efficiency curve of marginal productivity. Such an approach provides the possibility to classify the efficiency curves into four categories. It is also possible to analyze the types of depreciation curves. Therefore, the power family of a non-linear Box-Cox model could be set at certain constant values, then the model can be transformed into a linear model to estimate the economic depreciation rates by utilizing the reliability function. Estimating the resultant linear regression equation requires minimal number of observations, while at the same time facilitating the test of hypothesis on depreciation rates.

• Journal of Digital Contents Society
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• v.6 no.4
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• pp.229-234
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• 2005

Companies are attempting application of open source software development approach method as new alternatives to solve roiling pints of the existing software developments such as quality of software, development speeds and cost. On the other hand, various analyses about open source software were performed, but concrete procedures or the results of suitable study about a way to utilize open source for a software development in actual industry are not yet. This study presented process model for identification, valuation selection of suitable open source, and modification application or commercializing.

• Journal of Software Assessment and Valuation
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• v.8 no.2
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• pp.45-51
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• 2012

This paper is to identify and assess vulnerabilities of services considering the nature of service layers for analyzing vulnerability of SOA security. It is a model driven approach which provides the way to present security requirements of the business model and identify the vulnerabilities of the services to extract the secure service model. We validate the proposed method with the analytic evaluation because the predictive nature of our methodology poses some specific challenges for its validation.

• Journal of Software Assessment and Valuation
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• v.15 no.2
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• pp.129-140
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• 2019

In the IoT environment, there is a huge amount of heterogeneous devices with limited capacity. Existing trust evaluation methods are not adequate to accommodate this requirement due to the limited storage space and computational resources. In addition, since IoT devices are mainly human operated devices, the trust evaluation should reflect the social relations among device owners. There is also a need for a mechanism that reflects the tendency of the trustor and environmental factors. In this paper, we propose an adaptable trust evaluation method for SOA-based IoT system to deal with these issues. The proposed model is designed to minimize the confidence bias and to dynamically respond to environmental changes by combining direct evaluation and indirect evaluation. It is expected that it will be possible to secure trust through quantitative evaluation by providing feedback based on social relationships.

• Journal of the Korea institute for structural maintenance and inspection
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• v.28 no.5
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• pp.30-37
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• 2024

The valuation of infrastructure assets is typically conducted using the straight-line method, which employs the depreciated replacement cost as a basis. However, this approach has the limitation of failing to accurately reflect the actual value of the facility. In light of these considerations, the performance-based depreciation (PBD) method has been proposed as a means of evaluating the asset value of bridges on the basis of their performance, although it is not designed to take account of the environmental characteristics of individual bridges. This study proposes a hazard-performance based depreciation (HPBD) method that considers the risk level of individual bridges in the PBD method proposed in previous studies. The applicability of the proposed method was evaluated on more than 8,000 bridges. The risk factors for deterioration of bridges were selected, the hazard level of individual bridges was evaluated, and weights based on the hazard level were applied to the PBD method. The evaluation resulted in a present value comparable to that of the PBD method and a relatively high future value. It is postulated that the HPBD method, which considers the risk characteristics of individual bridges, can be used for a more reasonable evaluation and decision-making process.