• Title/Summary/Keyword: economic cycle

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Economic Strategy: Correlation between Macro and Microeconomics on Income Inequality in Indonesia

  • SALIM, Agus;RUSTAM, Andi;HAERUDDIN, Haeruddin;ASRIATI, Asriati;PUTRA, Aditya Halim Perdana Kusuma
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.681-693
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    • 2020
  • This study sees a critical gap in the previous body of research, which it seeks to fill; the disclosure of the unemployment ratio correlation has only been measured by the level of economic growth. This study is to add investment variables and government expenditure variables that objectively aim to measure the level of effectiveness in handling the unemployment ratio, which is then a measurement of the effectiveness of unemployment. Economic growth is measured by its impact on income inequality through empirical, conceptual relationships as a critical review and economic strategy for the future. The research uses secondary data on Indonesian macro and microeconomics since 2003-2018, then testing uses a quantitative approach to correlation, regression, and scatterplot. The results of this study show correlations between variables, and volatiles on the graphs show a similar trend. In other words, variables are bound together and support each other. The strategy of prioritizing the scale of government expenditure and investment to reach the target is the primary concern, so that the economic cycle can be optimal and equipped to face the possibility of an economic recession in the future. Many factors cause complex income inequality, though investment does not show a correlation to income inequality.

Application of Economic Risk Measures for a Comparative Evaluation of Less and More Mature Nuclear Reactor Technologies

  • Andrianov, A.A.;Andrianova, O.N.;Kuptsov, I.S.;Svetlichny, L.I.;Utianskaya, T.V.
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.16 no.4
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    • pp.431-439
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    • 2018
  • Less mature nuclear reactor technologies are characterized by a greater uncertainty due to insufficient detailed design information, operational data, cost information, etc., but the expected performance characteristics of less mature options are usually more attractive in comparison with more mature ones. The greater uncertainty is, the higher economic risks associated with the project realization will be. Within a comparative evaluation of less and more mature nuclear reactor technologies, it is necessary to apply economic risk measures to balance judgments regarding the economic performance of less and more mature options. Assessments of any risk metrics involve calculating different characteristics of probability distributions of associated economic performance indicators and applying the Monte-Carlo method. This paper considers the applicability of statistical risk measures for different economic performance indicators within a trial case study on a comparative evaluation of less and more mature unspecified LWRs. The presented case study demonstrates the main trends associated with the incorporation of economic risk metrics into a comparative evaluation of less and more mature nuclear reactor technologies.

A study on the economic feasibility and the LCCO2 of Main floor covering materials in day care centers (어린이집 주요 바닥마감재의 경제성 및 LCCO2 분석에 관한 연구)

  • Kim, Dong-Pil;Cho, Kyu-Man
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.12 no.1
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    • pp.25-34
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    • 2013
  • As the construction industry develops, environmental pollution gets increasingly serious, giving damage including the increase of incidence of respiratory diseases and skin diseases among children with weakened immune systems, rather than adults. In daycare centers, infants and children spending much of their time, have high frequency of contact with the interior floor finish material. However, the majority of the child care centers don not use eco-friendly flooring but ordinary monorium flooring, because the initial investment cost of the eco-friendly flooring is higher than ordinary monorium flooring. Therefore, in this study, life cycle costs including the initial investment cost of the eco-friendly flooring and ordinary monorium flooring were calculated, demonstrating that the eco-friendly flooring is more economical than ordinary monorium flooring in terms of life-cycle cost. In addition, the analysis of the environmental performance also showed the excellence of the eco-friendly floor finishes. It is expected that the use of the eco-friendly floor finishes will increase due to their excellence in the aspect of life cycle cost and eco-friendly performance, through this study.

A Case study of Life Cycle Cost Analysis on Apartment houses and Han-Ok (아파트와 한옥의 LCC(Life Cycle Cost)분석 사례 연구)

  • Kim, Keun-Woo;Yun, Seok-Heon
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.6
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    • pp.1-6
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    • 2010
  • To analyze the total cost of ownership in a building construction project, we have to consider initial plan, maintenance and operation cost, in addition to the design and construction cost. This is called "Life Cycle Cost (LCC)." Currently, it is difficult to analyze LCC because of a lack of data and the appropriate criteria. This study tries to suggest a way to analyze the LCC of building construction projects, and apply it to case studies of modern apartment houses and Han-Ok, a type of traditional Korean house. The case studies found that a Han-Ok is more efficient than a modern apartment house from an LCC point of view, in terms of maintenance and operation cost.

A Study on the Evaluation Method of Close-to-Nature Stream Improvement Works (자연 친화적인 하천 정비사업의 평가방법에 관한 연구)

  • Kim, Seok-Gyu;Kim, Chul
    • Journal of Korea Water Resources Association
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    • v.40 no.7
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    • pp.503-510
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    • 2007
  • In the area of such a nature-friendly stream improvement, it is not established yet which engineering method is suitable for stream environment, due to lack of technology. Therefore, although nature-friendly stream improvement was done with expensive engineering method, the effect has not been fully confirmed, which results from the absence of overall valuation tool of stream improvement. In this regard, it is necessary to develop and apply comprehensive and diverse valuation methods covering stream functions to the analysis of stream improvement. In this study, we collected data from years' of monitoring on the Gyeongcheon river, which is located in Sunchang-eup, Jeollabuk-do and recently underwent an nature-friendly stream improvement work. Based on the data, we developed a series of valuation methods such as stream naturalness evaluation, life cycle evaluation, amenity evaluation, and economic benefit analysis to consider the environmental function of stream from a comprehensive perspective. Stream naturalness evaluation is a quantitative analysis of how natural a stream is, and includes additional valuation items such as ecosystem and water quality for the purpose of overall valuation, unlike existing research focusing on physical elements and structural characteristics of a stream. We developed a method of stream valuation with life cycle assessment to river reorganization project. Amenity evaluation method was developed as a means to analyze residents' satisfaction with stream improvement through questionnaires. Economic benefit analysis was developed as a means to determine the attributes of environmental water supply, ecosystem, river maintenance, and water quality and predict economic benefits using contingent valuation method (CVM) and multi-attribute utility analysis (MAUA) method in order to analyze economic benefits brought in by stream improvement. It is considered that the four methods developed in this study make possible to conduct an overall and quantitative analysis of stream improvement.

Development Plans by Life-Cycle of Rural Experience Tourism Village using Positioning Analysis - Focused on Hapjeon-village - (상한위치분석을 통한 농촌체험관광마을의 생애주기별 발전방안 -합전마을을 중심으로-)

  • Choi, Aesoon;Jung, Nam Su;Jeong, Dayeong;Song, Yi;Eom, Seong Jun;Choi, Se Hyun;Rhee, Shinho
    • Journal of Korean Society of Rural Planning
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    • v.20 no.2
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    • pp.11-22
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    • 2014
  • In this study, the objectives are to provide rural experience tourism village business courses and development direction in between individual farmers and the village in base on rural development business of Hapjeon-village. The developmental process of a farm-stay village can be categorized into the period of six stages: 1) a conception stage 2) an adoption stage 3) a growth stage 4) an expansion stage 5) a stagnation stage 6) a recovery stage. Farm Stay Villages, Individual Farmhouses or Producer Groups can be placed in four different quadrant areas of a graph, depending on the pursuing direction and results of core values by having the X-axis for economic factors (public profits, individual profits) and by having the Y-axis for emotional factors (self-actualization, conflicts). The first quadrant area is designated for ideal individual farmhouses and producer groups for having achieved the status of economic self-reliant and high emotional satisfaction. The second quadrant is for ideal self-actualized communal villages having achieved the independent public interest and public profitable status. The third quadrant is reserved for villages experiencing communal conflicts and no economic self-reliant stagnant status. The fourth guardant area is allocated for individual farmhouses and producer groups having achieved self-reliant economic status, yet having communal conflicts. Using the aforementioned concept, the government shall design village development projects and prepare realistic and achievable goals and place them in as a systematic device in future projects.

A study on composite precedence indices focusing on Jeju (제주지역 경기선행종합지수에 관한 연구)

  • Kim, Kye Chul;Kim, Myung Joon;Kim, Yeong-Hwa
    • The Korean Journal of Applied Statistics
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    • v.29 no.1
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    • pp.243-255
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    • 2016
  • The developed composite index has limits to estimate and predict economic status due to economic pattern change and the response change of explanatory variables. A higher precedence individual indicators should be selected to predict the future accurately. In this study, effectiveness of Jeju Island precedence indicators consists of constituents in the area, the consumer price index, services production index, mining and manufacturing production index. The average temperature of Seogwipo and credit card purchase amount is reviewed as an economic turning point consideration and time lag correlation analysis with real data. In addition, we suggest the proper reference cycle in Jeju composite precedence index and evaluate the configuration in leading indicators for Jeju by comparing national economic indicators. Based on the derived results, the current problems of Jeju Island precedence indicators will be illustrated and the improvement methods to estimate a regional composite index will be suggested.

Economic Assessment of the Heat Recovery from Incineration Plants Based on Regression Analysis (회귀분석을 이용한 소각장의 소각열 회수 경제성 분석 연구)

  • Yoon, Jungmin;Son, Hyeongmin;Park, Dong Yoon;Chang, Seongju
    • Resources Recycling
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    • v.23 no.3
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    • pp.3-12
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    • 2014
  • This study aims at providing an economic assessment for incineration plants which recover heat during its incineration process. In this study, Life Cycle Cost(LCC) of incineration plants is performed based on each regression analysis formula for construction cost, operation cost, and heat generation in order to compare economic feasibility. The result shows that the incineration plant recovering waste heat while processing 80 tons of waste per day increases both initial investment and operation cost but this type of an incineration plant has economical predominance from the recovered waste heat over the one that does not recover heat when being operated for more than eleven years if the retrieved heat replaces the use of LNG. And its payback time reaches more than 19 years in case of selling heat and performing emission trading.

Economic Analysis of Geothermal Energy Facilities Applied to Public Buildings (공공 건축물 지열에너지설비 적용에 따른 경제성 분석)

  • Jang, Young Jun;Kim, Sangyong;Shin, Yoonseok;Kim, Gwang-Hee
    • Journal of the Korea Institute of Building Construction
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    • v.14 no.5
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    • pp.423-432
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    • 2014
  • The aim of this study to propose an efficient method in selecting the type of new and renewable energy applied in at the planning phase of buildings. This study applied geothermal energy facilities with high adaptability to buildings. This study considered the energy reduction and reduced cost by comparing the values with the energy consumption before applying of geothermal energy facilities. In order to propose more reliable criteria of economic evaluation, maintenance costs reflecting the replacement cycles and initial construction costs by drawings and specifications for installation facilities for practical geothermal energy based on construction statement for life-cycle cost analysis. The results will help to effectively select economic types of facilities for new and renewable energy of the planning phase of buildings.

Analysis of Economic Feasibility and Reductions of Carbon Dioxide Emission of Geothermal Heating and Cooling System using Groundwater (지하수를 이용한 지열 냉난방시스템의 경제성 및 이산화탄소 저감량 분석)

  • Kim, Jin-Sung;Song, Sung-Ho;Jeong, Gyo-Cheol;Cha, Jang-Hwan
    • The Journal of Engineering Geology
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    • v.25 no.4
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    • pp.599-612
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    • 2015
  • The development of renewable energy technologies that can replace fossil fuels is environmentally important; however, such technologies must be economically feasible. Economic analyses are important for assessing new projects such as geothermal heating-cooling systems, given their large initial costs. This study analyzed the economics and carbon dioxide emissions of: a SCW (standing column well), a vertical closed loop boiler, a gas boiler, and an oil boiler. Life cycle cost analysis showed that the SCW geothermal heating-cooling system had the highest economic feasibility, as it had the highest cost saving and also the lowest carbon dioxide emissions. Overall, it appears that geothermal systems can save money when applied to large-scale controlled agriculture complexes and reclaimed land.