• Title/Summary/Keyword: economic calculation

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Development of umbrella anchor approach in terms of the requirements of field application

  • Evirgen, Burak;Tuncan, Ahmet;Tuncan, Mustafa
    • Geomechanics and Engineering
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    • v.18 no.3
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    • pp.277-289
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    • 2019
  • In this study, an innovative anchoring approach has been developed dealing with all relevant aspects in consideration of previous works. An ultimate pulling force calculation of anchor is presented from a geotechnical point of view. The proposed umbrella anchor focuses not only on the friction resistance capacity, but also on the axial capacity of the composite end structure and the friction capacity occurring around the wedge. Even though the theoretical background is proposed, in-situ application requires high-level mechanical design. Hence, the required parts have been carefully improved and are composed of anchor body, anchor cap, connection brackets, cutter vanes, open-close ring, support elements and grouting system. Besides, stretcher element made of aramid fabric, interior grouting system, guide tube and cable-locking apparatus are the unique parts of this design. The production and placement steps of real sized anchors are explained in detail. Experimental results of 52 pullout tests on the weak dry soils and 12 in-situ tests inside natural soil indicate that the proposed approach is conservative and its peak pullout value is directly limited by a maximum strength of anchored soil layer if other failure possibilities are eliminated. Umbrella anchor is an alternative to conventional anchor applications used in all types of soils. It not only provides time and workmanship benefits, but also a high level of economic gain and safe design.

Research on Factors Affecting South Korea's OFDI Based on a Spatial Measurement Model

  • Su, Shuai;Zhang, Fan
    • Journal of Korea Trade
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    • v.26 no.1
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    • pp.99-112
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    • 2022
  • Purpose - This paper empirically investigates via a spatial lag model from the perspective of space economy to find the influencing factors of South Korea's OFDI along with 60 countries. Design/methodology - In the study of regional economic phenomena, we must first test the corresponding spatial correlation, and on this basis, complete the construction of the spatial model. For the target research object, after testing the spatial correlation, if there is spatial correlation, a spatial measurement model is needed. This paper uses the global Moran's I index for calculation. Based on the characteristics and research needs of the research object, this paper selects the spatial lag model to verify the existence of the spatial effect and factors affecting OFDI. Findings - Our results show that export scale, infrastructure, technology level, political stability, resource endowment, market size, distance and labor cost have a certain impact on Korea's OFDI, but at present the distance and market size factors are the most important influencing factors for South Korea's OFDI, The technical level and political stability have little effect on South Korea's OFDI, and are not main factors determining South Korea's OFDI. Originality/value - Through spatial measurement verification, it was found that the spatial effect has a significant impact on OFDI, along with more than 60 countries. On this basis, relevant suggestions are put forward, which have strong practical significance for South Korea's OFDI to achieve healthy and sustainable development.

Estimation of Utility Weights for Prostate-related Health States in Korea

  • Kim, Seon-Ha;Ock, Minsu;Jo, Min-Woo;Park, Sungchan
    • Journal of Preventive Medicine and Public Health
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    • v.55 no.3
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    • pp.243-252
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    • 2022
  • Objectives: Very limited previous research has investigated the utility weights of prostate-related diseases in the general population in Korea. The purpose of this study was to calculate the utility of prostate-related health states in the Korean general public using the standard gamble (SG) method. Methods: Seven health states for hypothetical prostate cancers, 1 for benign prostate hyperplasia, and 1 for erectile dysfunction were developed based on patient education material and previous publications. In total, 460 responses from the Korean general population were used to analyze the utility of prostate-related health states. Computer-assisted personal interviews were conducted, and utility values were measured using a visual analogue scale (VAS) and SG. Mean utility values were calculated for each prostate-related health state. Results: The mean utility values of prostate cancer derived from SG ranged from 0.281 (metastatic castration-refractory prostate cancer) to 0.779 (localized prostate cancer requiring prostatectomy). The utility value of benign prostate hyperplasia was 0.871, and that of erectile dysfunction was 0.812. The utility values obtained using the SG method in all conditions were higher than the values obtained by VAS. There were no significant demographic variables affecting utility values in multivariate analysis. Conclusions: Our findings might be useful for economic evaluation and utility calculation of screening and interventions for prostate-related conditions in the general population.

Research on optimal cost calculation for efficient maintenance of offshore wind farms (해상풍력단지의 효율적인 유지보수를 위한 최적 비용 산출 연구)

  • Hui-Seok Gu;In-Cheol Kim;Man-Bok Kim;Man-Soo Choi
    • Journal of Wind Energy
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    • v.14 no.3
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    • pp.61-68
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    • 2023
  • This paper aims to perform optimal operation and maintenance with an integrated monitoring system for offshore wind platforms. Based on the wind direction and wind speed data of existing wind farms, a monitoring system was established along with weather and weather data to maximize the operational efficiency of wind farms. Compared to wind power on land, offshore wind power is difficult to maintain due to weather, logistics and geographical limitations. Therefore, economic analysis of actual operation and maintenance is essential for large-scale offshore wind farms. In this paper, the availability of offshore wind farms was analyzed by using personnel resources, parts inventory, Crew Transfer Vessel (CTV) and Specialized service Operation Vessel (SOV) etc. before the actual operation and maintenance of wind farms. A comparative analysis was conducted to determine the optimum operating efficiency and economical maintenance costs.

A Study on the Optimal Method of Eco-Friendly Recycling through the Comparative Analysis of the Quantitative Calculation and Scope of Recycling

  • Seung-jun WOO;Eun-gyu LEE;Chul-hyun NAM;Kang-hyuk LEE;Woo-Taeg KWON;Hee-Sang YU
    • Journal of Wellbeing Management and Applied Psychology
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    • v.7 no.3
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    • pp.1-11
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    • 2024
  • Purpose: The purpose of this study is to present an efficient emission reduction ratio of plastic to reduce carbon dioxide, the main cause of greenhouse gases. Research design, data and methodology: This study calculated the absolute value of carbon dioxide by setting an equation through the emission coefficient using the US EPA's WARM model. Results: In the recycling ratio of 70%, it was found that the energy recovery ratio was 15.6%, which was the energy recovery ratio without generating carbon dioxide. When carbon dioxide is generated by changing plastic waste emissions, optimal efficiency is achieved by reducing emissions by 10% to 30% of energy recovery ratio, 20% to 50% of energy recovery ratio, and 30% to 80% or more of energy recovery ratio. Conclusions: The recycling rate should be set at a minimum of 70%, so that a carbon dioxide-free energy recovery rate could be obtained during the recycling process, supporting an eco-friendly basis for environmental policies aimed at this rate. In addition, it was possible to suggest that it is essential to reduce emissions by at least 30% for eco-friendly recycling measures that can achieve both economic and environmental feasibility in the energy recovery process through incineration during recycling in Korea.

A deep neural network to automatically calculate the safety grade of a deteriorating building

  • Seungho Kim;Jae-Min Lee;Moonyoung Choi;Sangyong Kim
    • Smart Structures and Systems
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    • v.33 no.4
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    • pp.313-323
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    • 2024
  • Deterioration of buildings is one of the biggest problems in modern society, and the importance of a safety diagnosis for old buildings is increasing. Therefore, most countries have legal maintenance and safety diagnosis regulations. However, the reliability of the existing safety diagnostic processes is reduced because they involve subjective judgments in the data collection. In addition, unstructured tasks increase rework rates, which are time-consuming and not cost-effective. Therefore, This paper proposed the method that can calculate the safety grade of deterioration automatically. For this, a DNN structure is generated by using existing precision inspection data and precision safety diagnostic data, and an objective building safety grade is calculated by applying status evaluation data obtained with a UAV, a laser scanner, and reverse engineering 3D models. This automated process is applied to 20 old buildings, taking about 40% less time than needed for a safety diagnosis from the existing manual operation based on the same building area. Subsequently, this study compares the resulting value for the safety grade with the already existing value to verify the accuracy of the grade calculation process, constructing the DNN with high accuracy at about 90%. This is expected to improve the reliability of aging buildings in the future, saving money and time compared to existing technologies, improving economic efficiency.

An Analysis on the Conditions for Successful Economic Sanctions on North Korea : Focusing on the Maritime Aspects of Economic Sanctions (대북경제제재의 효과성과 미래 발전 방향에 대한 고찰: 해상대북제재를 중심으로)

  • Kim, Sang-Hoon
    • Strategy21
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    • s.46
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    • pp.239-276
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    • 2020
  • The failure of early economic sanctions aimed at hurting the overall economies of targeted states called for a more sophisticated design of economic sanctions. This paved way for the advent of 'smart sanctions,' which target the supporters of the regime instead of the public mass. Despite controversies over the effectiveness of economic sanctions as a coercive tool to change the behavior of a targeted state, the transformation from 'comprehensive sanctions' to 'smart sanctions' is gaining the status of a legitimate method to impose punishment on states that do not conform to international norms, the nonproliferation of weapons of mass destruction in this particular context of the paper. The five permanent members of the United Nations Security Council proved that it can come to an accord on imposing economic sanctions over adopting resolutions on waging military war with targeted states. The North Korean nuclear issue has been the biggest security threat to countries in the region, even for China out of fear that further developments of nuclear weapons in North Korea might lead to a 'domino-effect,' leading to nuclear proliferation in the Northeast Asia region. Economic sanctions had been adopted by the UNSC as early as 2006 after the first North Korean nuclear test and has continually strengthened sanctions measures at each stage of North Korean weapons development. While dubious of the effectiveness of early sanctions on North Korea, recent sanctions that limit North Korea's exports of coal and imports of oil seem to have an impact on the regime, inducing Kim Jong-un to commit to peaceful talks since 2018. The purpose of this paper is to add a variable to the factors determining the success of economic sanctions on North Korea: preventing North Korea's evasion efforts by conducting illegal transshipments at sea. I first analyze the cause of recent success in the economic sanctions that led Kim Jong-un to engage in talks and add the maritime element to the argument. There are three conditions for the success of the sanctions regime, and they are: (1) smart sanctions, targeting commodities and support groups (elites) vital to regime survival., (2) China's faithful participation in the sanctions regime, and finally, (3) preventing North Korea's maritime evasion efforts.

Quasi-fiscal Activities of the Bank of Korea (한국은행의 준(準)재정활동)

  • Koh, Youngsun
    • KDI Journal of Economic Policy
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    • v.25 no.1
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    • pp.99-145
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    • 2003
  • Quasi-fiscal activities (QFAs) refer to those activities that public corporations carry out to achieve policy objectives of the government. QFAs often lead to the understatement of the government involvement in the economy and the overstatement of its financial balance, thereby lowering fiscal transparency and hiding fiscal risks. Central banks, as public corporations, perform various QFAs in many countries. I define QFAs in this case as those activities that are not directly related to the intrinsic function of central banks, whose responsibility lies in the administration of monetary policy and the provision of banking services for the government and commercial banks. In Korea, the Bank of Korea (BOK) has been an active source of QFAs. Of particular importance are the policy loans to commercial banks to promote their lending to small- and medium-sized enterprises and others. The outstanding stock of policy loans increased rapidly in the aftermath of the recent economic crisis, and stood at 7.6 trillion won (20 percent of the reserve money) at the end of 2002. Another important QFA by BOK stems from the transfer of part of its profits to the central government. The accumulated transfer during 1998-2002 amounted to 9.9 trillion won. My calculation shows that if these and other QFAs had been carried out by the government as explicit fiscal activities, the consolidated central government financial balance would have been below the actual balance by about 0.5 percent of GDP in each year since the economic crisis. It is suggested that the QFAs by BOK be reduced in coming years not only to enhance fiscal transparency but also to expand the flexibility of BOK's reserve management. Abolishing policy loans and minimizing transfers to the government would be the first step in this direction. BOK should also consider paying interest on the government deposit held in BOK.

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A Study on the Development of an Economic Efficiency Model Considering Vehicle Operating Cost Properties of Signalized Intersections (신호교차로의 차량운행비용 특성을 고려한 경제성분석 모형개발)

  • Byeon, Eun-A;Kim, Yeong-Chan;An, So-Yeong;Go, Gwang-Deok;Yun, Su-Yeong
    • Journal of Korean Society of Transportation
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    • v.27 no.2
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    • pp.199-206
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    • 2009
  • In relation with economical efficiency analysis on investment evaluation of transportation system, among vehicle operating cost saving benefit that is applied to general preliminary assessment guidelines and investment evaluation guidelines, oil expense calculated data which concentrated and analyze on the relationship between oil consumption amount on running state and running speed. For uninterrupted flow which does not have stopped delay due to traffic signal, consideration for reduction benefit is possible due to the changes of running speed and travel time however, for interrupted flow which the stopping occurs due to signal control on actual signal intersection has no consideration for stopping delay time reduction and stopping rate improvement thus reflection of reality on improved effect analysis is difficult. Therefore, this research makes a framework to analyze benefits that reflects the features of signalized intersections by benefits associated with decrease of stopping delay time with existing research and developing vehicle operating cost calculation model formula. Vehicle operating cost has been redefined considering the stopping delay time by applying the oil consumption amount at idling and the economical benefit between conventional model and newly developed model when applied for the optimization of traffic signal system on the two roads in Seosan city has been analyzed comparative. While the importance of traffic system maintenance is being emphasized due to the increase of congested areas on roads, it is expected to assist in more realistic economical analysis which reflect the delay improvement through the presentation of an economic analysis model that considers the features of signalized intersections in signal optimization system improvements and effect analysis of congestion improvement projects`.

Energy Economic Analysis of Standard Rural House Model with PV System (PV 시스템이 적용된 농어촌 주택 표준모델의 에너지 경제성 분석)

  • Lee, Chan Kyu;Kim, Woo Tae
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.4
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    • pp.1540-1547
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    • 2013
  • The energy economic analysis of the standard rural house model with PV system was performed based on annual energy demand calculation using the EnergyPlus to contribute in reducing building energy which occupies 25% of national energy consumption and in developing a low-energy & eco-friendly house model. Two types of PV system installation was considered to cover electricity demand for cooling, electric, and heating devices. For the selected house model, heating energy demand is 7 times higher than cooling energy demand. For the Case1, it is favorable to use electricity from PV system for cooling and electric devices and to sell surplus electricity. For the Case2, it is favorable to use electricity from PV system for cooling, electricity and heating devices and to sell surplus electricity. Considering the installation cost of PV system and heat pump air conditioning system, the break-even point of Case1 and Case2 are about 13 and 11 years respectively. Although the installation cost of Case2 is more expensive, Case2 provides three times more profit than Case1 after the break-even point. Because the expected average life time of the selected PV system is 25 years, Case2 is more favorable option for the given standard rural house model.