• Title/Summary/Keyword: economic estimation

Search Result 1,212, Processing Time 0.034 seconds

A Longitudinal Analysis of the Union Effect on the Wages (패널자료를 이용한 노동조합의 임금효과 분석)

  • Cho, Dong Hun
    • Journal of Labour Economics
    • /
    • v.31 no.2
    • /
    • pp.103-128
    • /
    • 2008
  • This paper estimates the union effect on the wages using Korean Labor and Income Panel Study by using fixed-effect estimation. While the cross-sectional estimates show the size of 4.6% increase in the wages of workers in the union compared 10 the observationally identical workers in the non-union jobs, the union wage effect is estimated as 2.1% increase in the panel study. This shows that there exits an substantial upward-bias in the cross-sectional estimation of union wage effect.

  • PDF

Implementation of Small Sized Designs for Economic Estimation of Second-Order Models (2차 모형의 경제적 추정을 위한 소형실험계획의 활용)

  • Kim, Jeong-Suk;Byeon, Jae-Hyeon
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 2006.11a
    • /
    • pp.531-534
    • /
    • 2006
  • Response surface methodology (RSM) is a useful collection of experimentation techniques for developing, improving, and optimizing products and processes. When we are to estimate second-order regression model and optimize quality characteristic by RSM, central composite designs and Box-Behnken designs are widely in use. However, in developing cutting-edge products, it is very crucial to reduce the time of experimentation as much as possible. In this paper small-sized second-order designs are introduced and their estimation abilities are compared in terms of D-optimality, A-optimality, and variance of regression coefficients, ease of experimentation, number of experiments. Then we present a guideline of using specific designs for specific experimentation circumstances. The result of this study will be beneficial to experimenters who face experiments which are expensive, difficult, or time-consuming.

  • PDF

An Expert System for Short Term Load Forecasting by Fuzzy Decision (Fuzzy Decision을 사용한 단기부하예측 전문가 시스템)

  • Park, Young-Il;Park, Jong-Keun
    • Proceedings of the KIEE Conference
    • /
    • 1988.11a
    • /
    • pp.118-121
    • /
    • 1988
  • Load forecasting is an important issue as for the economic dispatch and there have been many researches which are classfied into two classes, time series method and factor analysis method. But the former is not adaptive for a sudden change of a correlated factor and the latter is not inefficient as the factor estimation is not easy. To make matters worse, both of them are not good for the estimation of special days. It is because the load forecasting is not a problem modeled precisely in mathematics, but a problem requires experience and knowledge those can solve it case by case. In this viewpoint, an expert system is proposed which can use complicated experience of an expert by use of fuzzy decision.

  • PDF

Development of Flood Vulnerability Index Estimation System (이상홍수 취약성 평가 시스템의 개발)

  • Jang, Dae-Won;Kim, Byung-Sik;Kim, Bo-Kyung;Yang, Dong-Min;Seoh, Byung-Ha
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2008.05a
    • /
    • pp.410-413
    • /
    • 2008
  • We constructed the regional flood risk and damage magnitude using hazard and vulnerabilities which are climatic, hydrological, socio-economic, countermeasure, disaster probability components for DB construction on the GIS system. Also we developed the Excess Flood Vulnerability index estimation System(EFVS). By the construction of the System, we can perform the scientific flood management for the flood prevention and optional extreme flood defenses according to regional characteristics. In order to evaluate the performance of system, we applied EFVS to Anseong-chen in Korea, and the system's stabilization is appropriate to flood damage analysis.

  • PDF

A Study on the Appropriate Estimation Method of Oil Pollution Damage for Mariculture Fisheries (유류오염에 의한 양식생물의 적정피해사정방안에 관한 연구)

  • Kang, Young-Joo;Kim, Ki-Soo
    • The Journal of Fisheries Business Administration
    • /
    • v.42 no.1
    • /
    • pp.19-35
    • /
    • 2011
  • This paper tries to show the appropriate estimation method of oil pollution damage for mariculture fisheries. The International Oil Pollution Fund 1992(also known as the IOPC Fund 1992) has made up the Claims Manual to assist claimants by giving a general overview of the Fund's obligation to pay compensation. Section III of the Manual provides more specific information to assist claimants in presenting their claims concerning about economic losses in the fisheries, mariculture and fish processing sectors. The paper tries to suggest reform proposals for current etimation method of damages of maricluture fisheries contaminated by oil spillover using the population biology of living resources charaterized with age distribution.

A Study on DSM Potential Estimation for Residential Sector (주거용 DSM 잠재량 추정에 관한 연구)

  • Park Jong Jin;Rhee Chang Ho;Kim Jin O
    • Proceedings of the KIEE Conference
    • /
    • summer
    • /
    • pp.639-641
    • /
    • 2004
  • This paper presents the evaluaton procedures and the estimation model for DSM Potential by stage on residential sector in Korea. In general, the evaluation process of the potential savings for DSM measures or programs consists of baseline electricity consumption forecast and potential evaluation such as maximum technical potential(MTP), phased-in technical potential(PTP), economic potential (EP), and achievable potential(AP). The purpose of this paper is to establish the evaluation process of those DSM potential for residential sector.

  • PDF

Theoretical Approach for Estimation of Value in Home Production (가정생산의 가치산정을 위한 이론적 접근)

  • 채경희;문숙재
    • Journal of Families and Better Life
    • /
    • v.7 no.1
    • /
    • pp.43-57
    • /
    • 1989
  • In the materialistic societies, individuals get money return according to the importance of their roles. But unlike wage workers who are engaged in market production , housewives engaged in home production do not get that return. It is because the result of home production is not transacted in the market and the price is not given to it, so the value of home production is not estimated. Hence this study trcognizes again the value of home production, suggests the estimation methods of it in input and output based on home production systems and attempts to actualize those methods socially. This home production develops the human attributes of family members to act as a member of a society and potentially contributes to home income and Gross National Products, so it has social and economic value. In spite of that significance, the value of home production is not estimated, so its nor recognized and housewives engaged in home production are not acknowledged their ability. Hence based on home production systems form input to output, this study suggested opportunity cost method and market cost method in input, method by saving money expenditure, hybrid method and method by comparing with market in output.

  • PDF

The Success requirement of implementing Medicare's SGR in Korea (Medicare의 SGR을 우리나라에 도입하기 위한 전제)

  • 오동일
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.3 no.3
    • /
    • pp.221-226
    • /
    • 2002
  • The SGR system which is the basis for setting Medicare conversion factor updates was enacted since 1992. The SGR sets a target rate of spending growth based on factors influencing medical costs. In our situation of Fee Contracts in Korea, there exist much conflicts with SGR. This article seeks how we can implement the SGR system successfully in Korea. The major points are estimation of real economic parameters, adjustment of prior estimation, consideration of important factors influencing medical costs.

  • PDF

A new model based on Lomax distribution

  • Alshingiti, Arwa M.;Kayid, M.;Aldossary, H.
    • International Journal of Reliability and Applications
    • /
    • v.15 no.1
    • /
    • pp.65-76
    • /
    • 2014
  • In this article, a new model based on Lomax distribution is introduced. This new model is both useful and practical in areas such as economic, reliability and life testing. Some statistical properties of this model are presented including moments, hazard rate, reversed hazard rate, mean residual life and mean inactivity time functions, among others. It is also shown that the distributions of the new model are ordered with respect to the strongest likelihood ratio ordering. The method of moment and maximum likelihood estimation are used to estimates the unknown parameters. Simulation is utilized to calculate the unknown shape parameter and to study its properties. Finally, to illustrate the concepts, the appropriateness of the new model for real data sets are included.

  • PDF

The effect of SMRT Line 7 extension on the demand of Gyongin Line (도시철도 7호선 연장 개통에 따른 경인선 수요변화 연구)

  • Kim, Ick-Hee;Yang, You-Kyung
    • Proceedings of the KSR Conference
    • /
    • 2008.06a
    • /
    • pp.1407-1415
    • /
    • 2008
  • Recently, there has been growing interest in Gyongin Line demand estimation, because SMRT(Seoul Metropolitan Rapid Transit Corporation) Line 7 will be extended west by 9.8km from Onsu to meet the Gyongin Line at Bupyeong-gu Office. This study was designed to estimate the change of traffic demand in Gyongin Line before and after the completion year 2011, also provide against the economic loss caused by the derived demand from Gyongin Line to SMRT Line 7. In this paper we give preliminary results for the strategic plans for traffic demand estimation and train operating plan in Gyongin Line by analyzing transport performance of Seoul metropolitan subway, and an additional study on the transportation market and the urban development plan is needed for more accurate results.

  • PDF