• Title/Summary/Keyword: economic cycle

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A STUDY ON THE LIFE-CYCLE FOR SELECTING A GRATING

  • Yun-Sik Kim;Dong-Wan Kang;Taehoon Hong;Chang-Taek Hyun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1189-1194
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    • 2009
  • A gutter-shaped U grating is a facility that is installed at the sides of a road to provide pedestrians with a rainwater-free road. The previous studies on this facility focused mainly on the progress of the efforts that are being made to improve its performance and interception efficiency so as to prevent damages in regional areas due to the heavy rains caused by climate change. The studies on its maintenance, however, are still inadequate. Therefore, this study was conducted to analyze and compare the life cycle costs and performance evaluations of the steel and magic gratings, which are installed in apartments. The results of the study show that the replacement period and rate of gratings differ depending on where they are installed. The initial capital investment cost of a magic grating installed at a road where many vehicles pass is quite high, but in terms of its maintenance and entire-life-cycle costs, its total expenses are lower than those of a steel grating. The results of this study are expected to serve as preliminary data for the selection of an adequate grating that is suitable for particular places in the design phase of construction projects.

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Redefining Liquidity for Monetary Policy

  • Kim, Kyunghun;Lee, Il Houng;Shim, Won
    • East Asian Economic Review
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    • v.22 no.3
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    • pp.307-336
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    • 2018
  • This paper proposes a monetary aggregate "Liquidity" that could serve as a useful indicator for gauging the appropriateness of monetary policy. If liquidity rises above a certain threshold, it is signaling that monetary policy is losing traction due to structural and other impediments even when the inflation gap remains open. This indicator supplements the financial cycle approach but adds value by providing a benchmark that is derived from the national account, and not based on its own trend. Over the last two decades, each time this measure rose above the threshold range, it was followed by a decline in GDP growth. The latter was greater when accompanied by a high physical asset value to GDP, e.g., an elevated property market.

Techno - Economic Issues of Electronic Journal for Implementation (전자저널 도입의 기술.경제적 타당성 검토)

  • 설성수;남수현;윤배현
    • Journal of Korea Technology Innovation Society
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    • v.1 no.1
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    • pp.69-82
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    • 1998
  • As a new medium for knowledge diffusion, E-Journal is expected to be a general type of scholarly communication. However, the techno - economic problems have hindered the advancement of the E-Journal. For the technical aspects, there are problems such as the standardization of document format, automatization of the document preparation, forward and backward link between documents. Also there are necessities for the support of the information infrastructure of digital library and information superhighway. For the economic domain, reengineering of total publishing cycle is considered and the new paradigm of peer review is analyzed. We pointed out that the main difficulties in the diffusion of E-Journal are on the promotion of service and technological advance, not the price and marketing strategy.

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Economic Analysis for Detection of Out-of-Control of Process Using 2 of 2 Runs Rules (2중 2 런규칙을 사용한 공정이상 감지방법의 경제성 분석)

  • Kim, Young Bok;Hong, Jung Sik;Lie, Chang Hoon
    • Journal of Korean Institute of Industrial Engineers
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    • v.34 no.3
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    • pp.308-317
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    • 2008
  • This research investigates economic characteristics of 2 of 2 runs rules under the Shewhart $\bar{X}$ control chart scheme. A Markov chain approach is employed in order to calculate the in-control average run length (ARL) and the average length of analysis cycle. States of the process are defined according to the process conditions at sampling time and transition probabilities are derived from the state definitions. A steady state cost function is constructed based on the Lorezen and Vance(1986) model. Numerical examples show that 2 of 2 runs rules are economically superior to the Shewhart $\bar{X}$ chart in many cases.

개도국의 기술개발 환경에 대한 국제 정치적 영향 요인 분석

  • 이태준;이광석
    • Journal of Technology Innovation
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    • v.10 no.2
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    • pp.131-148
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    • 2002
  • This paper explores how international political factors influence the role of conventional external factors in the course of technological learning. The research goes on to investigate whether the role of the techno-economic factors has changed due to the involvement of international political factors in the technological learning mechanism. To this end, this paper examines how US political intervention affected Korean technological learning in the back-end of the nuclear fuel cycle. The export policy, prior consent policy and international political influence of the US are employed as international political factors. The empirical findings show that international political factors are very likely to restrain the impact of the techno-economic factors on technological learning process. Accordingly, this paper hypothesizes that the role of techno-economic factors in the technological learning mechanism is weaker when international political intervention is involved.

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A System Dynamics Approach to Assessing Regional Disparity from Competitions of Online Shopping Malls (지역과 수도권 쇼핑몰 간 경쟁분석을 통한 지역격차 연구)

  • 연승준;김상욱;황주성
    • Korean System Dynamics Review
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    • v.2 no.1
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    • pp.5-28
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    • 2001
  • The advent of Electronic Commerce is raising two hypothetical questions conflicting each other in economic point of view. The one is that cyberspace will eventually resolve the problem of economic disparity by presenting equal opportunities to local companies through the removal of barriers in terms of time and space. The other is that the problem of economic disparity will be amplified by the vicious cycle of reproduction on an enlarged scale residing in the new rules of digital economy. As an initial attempt to tackle the questions listed above, by introducing systems thinking and adopting the systems dynamics simulation technique this paper puts an effort to find some tentative answers to the questions possibly raised about the impact of electronic commerce on local economy on which little research has been conducted so far. The general scheme for the dynamism of systems where two groups of electronic malls compete each other and the findings presented in the paper would perhaps provide some ideas and directions for further study.

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The Analysis of household Income and Expenditure For Family Economic Planning -for the Housewives in Busan- (장기 생활설계를 위한 가계 분석)

  • 김영숙
    • Journal of Families and Better Life
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    • v.1 no.2
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    • pp.59-73
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    • 1983
  • The purpose of this study is to establish the family economy planning in the side of economic welfare and to discuss its problems. Hypothesis testing and survey analysis whether nuclear family have been formed in the urban communities or not are investigated. Also, survey of family economic period are classified in the following manner. First, as the beginning of family, they are interested in savings, children's education and investment of an estate. Third, as the contracting period of family, they rely upon other's financial supports. Therefore, it is desirable for each family to establish family life cycle planning. As the results of hypothesis testing, 1) Nuclear family have been formed in urban communities. 2) The age of housewives is not concerned with whether their husband's parents live in the same house or not. 3)The age of housewives is not concerned with whether their parents lived with them or not. 4) The relationship between the age of housewives and monthly income is not significant. 5) The relationship between the age of housewives and monthly expenditure is significant. 6)The relationship between the age of housewives and monthly savings is not significant.

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Marine Crime and Business Cycle (해상범죄와 경기변동)

  • 나호수
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.7 no.3
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    • pp.107-116
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    • 2001
  • The relatively rapid rising trends of crime rates in marine situations leads to social concerns in Korea. This study reviews some theoretical backgrounds of the economics of crime and apply econometric models to Korean marine crimes. We find that there is a positive relationship between marine crime rates and unemployment rates in Korea and the degree of the relationship is higher in the 1990s' in comparison with the results of 1970s' and 1980s'. This findings are compatible with the previous theoretical researches in advanced countries. These findings show that recently the structure of our economy and the economic behaviors of economic agents in Korea have been similar to those of the advanced economies. Therefore this study shows that there exists the additional social costs of economic depression by causing the social crimes and the necessity of public policies to reduce unemployment rates would be higher.

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Economic Feasibility and Technology Trends for UAV Development (무인항공기 개발의 경제성과 기술 발전 추세)

  • 김성배
    • Journal of the military operations research society of Korea
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    • v.28 no.1
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    • pp.136-149
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    • 2002
  • The UAV(Unmanned Aerial Vehicle) offers numerous benefits to the military. The benefits it can provide are to perform an operation without loss of life and economic life cycle cost. This clearly showed us the benefits of using UAVs in the operation, especially in politically hostile and sensitive areas. While the American military first used UAVs, it is Israel that has used them best in real situations. In this paper, it is summarized the types and the OPCONs (Operational Concept) of UAVs and the values. Looking at the technology trends, and it is showed the benefits of UAV in the economic side feasibility, to emphasis on the future values of the UAVs as a newly emerging weapon systems.

Study on feasibility analysis for ground source heat pump system using the building foundation (건물기초 이용 지열시스템의 도입 타당성 분석에 관한 연구)

  • Chae, Ho-Byung;Nam, Yujin
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.05a
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    • pp.155-157
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    • 2013
  • Ground source heat pump(GSHP) systems have been attracted as high-efficient energy-saving technology, but the building clients and designers have hesitated to use GSHP systems which is a expensive initial installation and a uncertain economic feasibility. Therefore In order to reduce the initial cost, many researchers have focused on the energy-pile system using the structure of the building as a heat exchanger. Even though many of experimental studies for energy pile system have been conducted, there was not enough data of a quantitative evaluation with the economic analysis and comprehensive analysis for energy-pile. In this study, the feasibility study for the energy pile system with a barrette pile was conducted by the performance analysis and LCC assessment.

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