• Title/Summary/Keyword: economic calculation

Search Result 371, Processing Time 0.031 seconds

Theoretical and Empirical Issues in Conducting an Economic Analysis of Damage in Price-Fixing Litigation: Application to a Transportation Fuel Market (담합관련 손해배상 소송의 경제분석에서 고려해야 할 이론 및 실증적 쟁점: 수송용 연료시장에의 적용)

  • Moon, Choon-Geol
    • Environmental and Resource Economics Review
    • /
    • v.23 no.2
    • /
    • pp.187-224
    • /
    • 2014
  • We present key issues to consider in estimating damages from price-fixing cases and then apply the procedure addressing those issues to a transportation fuel market. Among the five methods of overcharge calculation, the regression analysis incorporating the yardstick method is the best. If the price equation relates the domestic price to the foreign price and the exchange rate as in the transportation fuel market, the functional form satisfying both logical consistency and modeling flexibility is the log-log functional form. If the data under analysis is of time series in nature, then the ARDL model should be the base model for each market and the regression analysis incorporating the yardstick method combines these ARDL equations to account for inter-market correlation and arrange constant terms and collusion-period dummies across component equations appropriately so as to identify the overcharge parameter. We propose a two-step test for the benchmarked market: (a) conduct market-by-market Spearman or Kendall test for randomness of the individual market price series first and (b) then conduct across-market Friedman test for homogeneity of the market price series. Statistical significance is the minimal requirement to establish the alleged proposition in the world of uncertainty. Between the sensitivity analysis and the model selection process for the best fitting model, the latter is far more important in the economic analysis of damage in price-fixing litigation. We applied our framework to a transportation fuel market and could not reject the null hypothesis of no overcharge.

Reactions of As(V) with Fe(II) under the Anoxic Conditions (무산소 조건에서의 Fe(II)와 As(V)의 반응에 관한 연구)

  • Jung, Woo-Sik;Lee, Sang-Hun;Chung, Hyung-Keun;Kim, Sun-Joon;Choi, Jae-Young;Jeon, Byong-Hun
    • Economic and Environmental Geology
    • /
    • v.42 no.5
    • /
    • pp.487-494
    • /
    • 2009
  • The purpose of this study was to investigate the feasibility of As(V) reduction by aqueous Fe(II), and subsequent As(III) immobilization by the precipitation of As(III) incorporated magnetite-like material [i.e., co-precipitation of As(III) with Fe(II) and Fe(III)]. Experimental results showed that homogeneous As(V) reduction did not occur by dissolved Fe(II) at various pH values although the thermodynamic calculation was in favor of the redox reaction between As(V) and Fe(II) under the given chemical conditions. Similarly, no heterogeneous reduction of sorbed As(V) by sorbed Fe(II) was observed using synthetic iron (oxy)hydroxide (Goethite, ${\alpha}$-FeOOH) at pH 7. Experimental results for the effect of As(V) on the oxidation of Fe(II) by dissolved oxygen showed that As(V) inhibited the oxidation of Fe(II). These results indicate that As(V) could be stable in the presence of Fe(II) under the anoxic or subsurface environments.

Optimization of Illite Polytype Quantification Method (일라이트 폴리타입 정량분석법의 최적화)

  • Chung, Donghoon;Song, Yungoo;Kang, Il-Mo;Park, Chang-Yoon
    • Economic and Environmental Geology
    • /
    • v.46 no.1
    • /
    • pp.1-9
    • /
    • 2013
  • We proposed the revised full-pattern-fitting method of illite polytype quantification with background correction and scale factor correction of WILDFIRE(C) simulated pattern, and R% value ((${\sum}$|simulated-measured|/simulated)/ $n{\times}100$) calculation, and then verified the reliability of this method by applying for the test sample ($2M_1$:1M$$\frac{._-}{.}$$1:1), and by comparing the result with Grathoff and Moore method (1996). We confirmed that the proposed method showed the error range of less than 3.6%, which is much lower than the previous full-pattern-fitting methods, in spite of the impurities of the test sample. In the comparison with Grathoff and Moore method for 2 tested samples, we obtained the relatively higher $2M_1$ contents using Grathoff and Moore method, whereas we obtained the reliable results with less than 10% of R% values.

A Value Evaluation Research of the Old-growth and Giant Tree - Focus on Gyeongju Gyerim's Zelkova Serrata - (노거수의 가치 평가 연구 - 경주 계림숲 느티나무를 대상으로 -)

  • Son, Hee-Jun;Xia, Tian-Tian;Kim, Young-Hun;Kang, Tai-Ho
    • Journal of the Korean Institute of Traditional Landscape Architecture
    • /
    • v.34 no.4
    • /
    • pp.51-56
    • /
    • 2016
  • Old-growth and giant tree is a nonrenewable resource with great value. The purpose of this study is to provide scientific and reasonable evaluations for the preservation and management of the old-growth and giant tree. Until now the research of old-growth and giant tree's value evaluation and authoritative index is so insufficient and imperfection. Combining with the particularity of the old-growth and giant tree, this study analyzed the main value factors of the old-growth and giant tree and objectively selected the evaluation indicators. According to the actual situation value appraisal model of the old-growth and giant tree was builded. The main value factors can be divided into economic value, cultural history, growing place, tree state, tree form, tree vigor, protection level, growth environment, tree species, tree canopy, and so on. The evaluate indicators can be selected and the indicators' weight can be calculate using analytic hierarchy process methods(AHP). Based on economic value and indicators' weight, tree's total value can be revealed. After calculation and analysis, Gyeongju Gyerim Zelkova serrata's value evaluation results is 491,503,300 won. The research results of this study can provide scientific basis and reference to the old-growth and giant trees' value appraisal and loss compensation, and arouse people's environmental awareness.

Analysis of Factors for Improvement of Economic Feasibility of Construction Cost to Spread Application of OSC Construction Method for Apartment Housing (공동주택 OSC공법 적용 확산을 위한 공사비 분야 경제성 개선 요인 분석 - PC 부재 설계, 제작, 운송, 시공을 중심으로 -)

  • Yun, WonGun;Shin, Eun-Young;Kang, Tai-Kyung
    • Korean Journal of Construction Engineering and Management
    • /
    • v.22 no.6
    • /
    • pp.55-63
    • /
    • 2021
  • Recently, as the problem of the traditional on-site labor-intensive construction production method has been raised due to changes in construction work labor and site conditions, the OSC method is gradually spreading as an alternative to this. Even in apartment houses, the application of the PC method is expanding centered on the underground parking lot, but the high cost structure is a problem compared to the conventional formwork method. In this study, factors affecting the calculation of construction cost in the economic evaluation, which are the core of determining the construction method for apartment buildings, are derived through domestic and foreign literature review and expert advice, the importance was analyzed through an opinion survey targeting industry experts. The measures to reduce construction cost were mainly derived from the improvement of the design and manufacturing process. It is expected that the factors affecting the construction cost and improvement measures of the PC method derived from this study will serve as a direction for technology development to spread the application of the PC method for apartment houses in the future.

Validation on the Bodywave Magnitude Estimation of the 2017 DPRK's Nuclear Test by Source Scaling (지진원 상대비율 측정법을 이용한 2017년 북한 핵실험의 실체파 규모 검증)

  • Kim, Tae Sung
    • Economic and Environmental Geology
    • /
    • v.51 no.6
    • /
    • pp.589-593
    • /
    • 2018
  • Democratic Peoples' Republic of Korea (DPRK) conducted the $6^{th}$ underground nuclear test at the Punggye-ri underground nuclear test site on September 27, 2017 12 hours 30 minutes of Korean local time. Comprehensive Nuclear-Test Ban Treaty Organization (CTBTO) under U.N. announced the body wave magnitude of the event was mb 6.1 while U.S. Geological Survey (USGS)'s calculation was mb 6.3. In this study, the differences of the magnitude estimates were investigated and verified. For this purpose, a source scaling between the $5^{th}$ and $6^{th}$ event, which's epicenters are 200 meters apart, was performed using seismic data sets from 30 broadband stations. The relative amplitude variations of the $6^{th}$ event compared to the $5^{th}$ event in the frequency domain was analyzed through the scaling. The increased amount of the bodywave magnitude $m_b$ for the $6^{th}$ event was calculated at 1 Hz, which was compared to those from USGS and CTBTO's calculations.

Evaluation of Flood Regulation Service of Urban Ecosystem Using InVEST mode (InVEST 모형을 이용한 도시 생태계의 홍수 조절서비스 평가)

  • Lee, Tae-ho;Cheon, Gum-sung;Kwon, Hyuk-soo
    • Journal of the Korean Society of Environmental Restoration Technology
    • /
    • v.25 no.6
    • /
    • pp.51-64
    • /
    • 2022
  • Along with the urbanization, the risk of urban flooding due to climate change is increasing. Flood regulation, one of the ecosystem services, is implemented in the different level of function of flood risk mitigation by the type of ecosystem such as forests, arable land, wetlands etc. Land use changes due to development pressures have become an important factor in increasing the vulnerability by flash flood. This study has conducted evaluating the urban flood regulation service using InVEST UFRM(Urban Flood Risk Model). As a result of the simulation, the potential water retention by ecosystem type in the event of a flash flood according to RCP 4.5(10 year frequency) scenario was 1,569,611 tons in urbanized/dried areas, 907,706 tons in agricultural areas, 1,496,105 tons in forested areas, 831,705 tons in grasslands, 1,021,742 tons in wetlands, and 206,709 tons in bare areas, the water bodies was estimated to be 38,087 tons. In the case of more severe 100-year rainfall, 1,808,376 tons in urbanized/dried areas, 1,172,505 tons in agricultural areas, 2,076,019 tons in forests, 1,021,742 tons in grasslands, 47,603 tons in wetlands, 238,363 tons in bare lands, and 52,985 tons in water bodies. The potential economic damage from flood runoff(100 years frequency) is 122,512,524 thousand won in residential areas, 512,382,410 thousand won in commercial areas, 50,414,646 thousand won in industrial areas, 2,927,508 thousand won in Infrastructure(road), 8,907 thousand won in agriculture, Total of assuming a runoff of 50 mm(100 year frequency) was estimated at 688,245,997 thousand won. In a conclusion. these results provided an overview of ecosystem functions and services in terms of flood control, and indirectly demonstrated the possibility of using the model as a tool for policy decision-making. Nevertheless, in future research, related issues such as application of models according to various spatial scales, verification of difference in result values due to differences in spatial resolution, improvement of CN(Curved Number) suitable for the research site conditions based on actual data, and development of flood damage factors suitable for domestic condition for the calculation of economic loss.

A Study on Improvement of throughput-linked Port Development (Trigger Rule) System (물동량 연동 항만개발제도 개선방안 연구)

  • LEE, Su-Young;LEE, Na-Young
    • Journal of Korea Port Economic Association
    • /
    • v.39 no.3
    • /
    • pp.179-189
    • /
    • 2023
  • Korea's port development adjusts the completion time and size of port facilities according to the future port throughput. The current port development system, which is referred to as "throughput-linked port development (Trigger Rule)", has received positive evaluation for efficiently executing the limited port development budget. Recently concerns have been growing over deteriorating service levels in port facilities in Korea due to accelerated aging of terminal facilities. However, the current port development system does not possess any standard for assessing the level of service and utilizing development indicators. The purpose of this paper is to calculate the Port Service Index (PSI) by selecting indicators to measure the Level of Service (LOS) of ports and deriving weights between the indicators, so that the current "throughput-linked port development (Trigger Rule)" can be linked with the level of service. Based on the result of analysis on a variety of preceding studies, the ship waiting rate, berth productivity, ship turnaround time and ship productivity were selected as four indicators to constitute the Port Service Index. The AHP and entropy methodologies were used to derive weights for each of four indicators which were later combined to calculate the comprehensive weight. The calculation formula of the Port Service Index (PSI) was derived by using the aggregated weights of each indicator, based on which the LOS of domestic container and bulk terminals were evaluated and this measurement result was divided into 6 classes to define each LOS. This paper contributes to draw the improvement measures for port development system that are able to connect the quantitative indicator of throughput, as well as a qualitative indicator of the level of "service".

A Study on the Calculation Method for Flexural Strength of One-way Hollow Slabs (일방향 중공슬래브의 휨강도 산정방법에 관한 연구)

  • Kim, Hyun-Su;Lim, Jun-Ho;Kang, Joo-Won
    • Journal of the Computational Structural Engineering Institute of Korea
    • /
    • v.25 no.6
    • /
    • pp.541-548
    • /
    • 2012
  • The hollow slab has advantages that its self-weight does not greatly increase notwithstanding the increase of its thickness and its flexural performance does not significantly degrade in comparison with general reinforced concrete slab. However, the utilization of the hollow slab is currently being underestimated in spite of structural system that enables economic design of building and construction of eco-friendly structure. the significant reasons for this situation is that the method of structural analysis and design for hollow slab is not generalized. In this study, to consider practical compressive zone of hollow slab, the equation for its flexural strength is proposed by the volume of compressive stress block according to neutral axis location in hollow section assumed. Existing estimation method of flexural strength of hollow slab considering only compressive zone above hollow part is evaluated as the most conservative method and the method estimating flexural strength by two alternative cross-section of hollow slab is evaluated as more practical method.

Development of a Resource-based Relative Value Scale and Its Conversion Factor for Advanced Nursing Practices in the National Health Insurance (중환자 전문간호행위에 대한 건강보험 상대가치 및 환산지수 개발)

  • Kim, Jin-Hyun;Kim, Myung-Ae;Kim, Mi-Won;Kim, Kyung-Sook;Yoo, Cheong-Suk
    • Journal of Korean Academy of Nursing
    • /
    • v.41 no.3
    • /
    • pp.302-312
    • /
    • 2011
  • Purpose: The purpose of this study was to develop a resource-based relative value scale (RBRVS) and its conversion factor for advanced nursing practices carried out by critical care nurse practitioners (CCNP) in intensive care units. Methods: The methodology was developed by calculating CCNP's RBRVS for 32 advanced nursing services based on CCNP's workload and time spent in the context of national health insurance. A cost analysis was performed to estimate the conversion factor of CCNP's RBRVS. The share of CCNP's contribution to fee-for-service in intensive care units was also analyzed. Results: Calculation of the RBRVS of 32 advanced nursing practices showed a range of points from 100.0 to 1,181.4 and an average of 296.1 points. The relevant conversion factor for advanced nursing practices in CCNP were estimated at 37.3-48.4 won. The contribution rate of CCNP's advanced nursing practices in the relative value scale of the national health insurance was estimated at 0.1-31.3%. Conclusion: Measuring the economic value of advanced nursing services will be a basis for esta-blishing a reimbursement system for CCNP's practices and thus encourage a social demand for advanced nurse practitioners.