• Title/Summary/Keyword: economic estimation

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The Study on PMS System Development for Effective Asphalt Pavement Maintenance & Rehabilitation (아스팔트포장 도로의 유지관리체계 개선에 관한 연구)

  • Jo, Byung-Wan;Han, Sang-Joo
    • International Journal of Highway Engineering
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    • v.5 no.1 s.15
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    • pp.19-34
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    • 2003
  • In this study, developed economic and efficient Pavement Management System (PMS) that can produce suitable M/R method through estimation and analysis of pavement condition exactly, to overcome past unscientific pavement management limitations. First on the basis of data of the inside and outside of the country on PMS and pavement condition data of Seoul metropolitan, composed logical algorithm such as pavement condition investigation and analysis, detailed eye investigation whole system estimation etc, and it verified that this algorithm is suitable system through the inside and outside of the county PMS research examples and results of detailed eye investigation. Also, Considering user interface, developed PMS program and GIS program with such logical algorithm.

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Estimation of the Demand Function of the Information and Communication Construction Business

  • Kwak, Jeong Ho;Lee, Jemin Justin;Lee, Han-Joo;Lee, Bong Gyou
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.9 no.8
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    • pp.3249-3257
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    • 2015
  • The smart convergence environment, in which all industries are converged around ICT infrastructure -- with the eventual inclusion of both industry and culture -- looms. With the emergence of new convergence industries such as smart medicine, smart cities, and smart automobiles, the ICT infrastructure is recognized as the foundation of the overall economy. As such, the importance of the next generation of information and communication construction businesses, which constructs the ICT infrastructure, is highlighted under the smart convergence paradigm environment; various multilateral policies to foster the information and communication construction business -- led by the Ministry of Science, ICT, and Future Planning -- are being implemented. Like other infrastructure industries, however, the estimation of the demand function of the information and communication construction business overall is essential for effectively establishing promotional policies for information and communication construction businesses. However, there has been no study which theoretically estimates the market demand function in the information and communication construction business thus far. The pursuit of a creative economy is a national agenda, as the significance of accelerating the ICT infrastructure is emphasized. Therefore, this paper seeks to estimate quantitatively the demand function in the information and communication construction business using empirical data and a statistical model and then to present policy implications which will aid the development of the information and communication construction business.

A Study on the Ultimate Shear Strength Estimation of the Interior Joints of Steel Beam and Reinforced Concrete Column (철골보와 철근콘크리트기둥으로 구성된 내부 접합부의 극한전단강도 산정에 관한 연구)

  • Mun, Sang-Hun;An, Jae-Hyeok;Park, Cheon-Seok
    • Journal of the Korean Society of Safety
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    • v.21 no.2 s.74
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    • pp.57-62
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    • 2006
  • Recent trends in the construction of building frame feature the use of composite steel concrete members. One of such system, RCS(Reinforced Concrete column and Steel beam) system, is known as a type of system to maximize the structural and economic benefits in the most efficient manner. This paper is focusing on an study of ultimate shear strength estimation of the interior beam-column joints of RCS system, with reinforced concrete column and steel beam. Current design methods as well as the majority of the previous researches for ultimate shear strength of the interior beam-column joint of RCS system are not easy to apply actual manner. There is a need to propose the rational macro models based on analytical approach. In this study, design method variables for interior beam-column joints of RCS system is studied assuming shear resistance of steel web panel, diagonal concrete strut mechanism and truss mechanism. Finally, calculated results based on the proposed design model are compared with test data.

COMS GTO Injection Propellant Estimation using Monte-Carlo Method (몬테카를로방법을 이용한 천리안위성 궤도전이 소요추진제량 추정에 관한 연구)

  • Park, Eungsik;Huh, Hwanil
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.43 no.1
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    • pp.62-71
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    • 2015
  • Geostationary satellites use the thruster in order to control the location change and mount the suitable amount of liquid propellant depending on the operating lifetime. Therefore the lifetime of the geostationary satellite depends on the residual propellant amount and the precise residual propellant gauging is very important for the mitigation of economic losses arised from premature removal of satellite from its orbit, satellites replacement planning, slot management and so on. The propellant gauging methods of geostationary satellite are mostly used PVT method, thermal mass method and bookkeeping method. In this paper, we analysis the modeling of COMS(Communication, Ocean & Meteorological Satellite) bipropellant system for bookkeeping method and COMS GTO(Geostationary Transfer Orbit) injection propellant estimation using Monte-Carlo method.

Estimation the Natural Output Korea: A Bayesian DSGE Approach (한국의 자연 산출량 추정: 베이지안 DSGE 접근법)

  • Hwang, Youngjin
    • KDI Journal of Economic Policy
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    • v.31 no.1
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    • pp.1-25
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    • 2009
  • This paper attempts to estimate the natural rates of output and interest of Korea in a simple DSGE set-up with a few stylized New Keynesian features using Bayesian methods. The major findings of this paper are as follows. First, the estimates of output gaps are less volatile than the measures from conventional approaches, although they exhibit non-negligible variations depending on the model specification. Another key finding is that the hybrid type Phillips curve with a backward-looking component and/or habit formation in consumption may play an important role in characterizing the macroeconomic dynamics of Korea.

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A Study on the Indoor Location Determination using Smartphone Sensor Data For Emergency Evacuation (스마트폰 센서 데이터를 이용한 실내 응급대피용 위치 추정 연구)

  • Quan, Yu;Jang, Jung-Hwan;Jin, Hye-Myeong;Jho, Yong-Chul;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.21 no.4
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    • pp.51-58
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    • 2019
  • The LBS(Location Based Service) technology plays an important role in reducing wastes of time, losses of human lives and economic losses by detecting the user's location in order by suggesting the optimal evacuation route of the users in case of safety accidents. We developed an algorithm to estimate indoor location, movement path and indoor location changes of smart phone users based on the built-in sensors of smartphones and the dead-reckoning algorithm for pedestrians without a connection with smart devices such as Wi-Fi and Bluetooth. Furthermore, seven different indoor movement scenarios were selected to measure the performance of this algorithm and the accuracy of the indoor location estimation was measured by comparing the actual movement route and the algorithm results of the experimenter(pedestrian) who performed the indoor movement. The experimental result showed that this algorithm had an average accuracy of 95.0%.

The Improvement of the Rainfall Network over the Seomjinkang Dam Basin (섬진강댐 유역의 강우관측망 개량에 관한 연구)

  • Lee, Jae-Hyoung;Shu, Seung-Woon
    • Journal of Korea Water Resources Association
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    • v.36 no.2
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    • pp.143-152
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    • 2003
  • This paper suggests the improvement of the Sumjinkang for the estimation of areal averages of heavy rainfall events based on the optimal network and three existing networks. The problem consists of minimizing an objective function which includes both the accuracy of the areal mean estimation as expressed by the Kriging variance and the economic cost of the data collection. The wellknown geostatistical variance-reduction method is used in combination with SATS which is an algorithm of minimization. At the first stage, two kinds of optimal solutions are obtained by two trade-off coefficients. One of them is a optimal solution, the other is an alternative. At the second stage, a quasi optimal network and a quasi alternative are suggested so that the existing raingages near to the selected optimal raingages are included in the two solutions instead of gages of new gages.

Estimation of Wage Equation for College Graduates with Correction for Selection Bias upon Working State (대졸청년층의 취업지역에 대한 자기선택을 고려한 임금함수 추정)

  • Lee, Chiho
    • Journal of Labour Economics
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    • v.42 no.3
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    • pp.39-74
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    • 2019
  • In this paper, the wage equations of local labor markets for college graduates in Korea are estimated by Dahl(2002)'s methodology to correct for selection bias. The results suggest that the variations of coefficients in wage equations across the local labor markets are mostly remained after correcting for selection bias. The gender wage gap is hardly affected by selection bias. The variations of return to education and the major premium are reduced about 18% and 11% respectively. Meanwhile, the selection bias is negligible in the national capital region, which suggests that college graduates prefer the national capital region regardless of their gender, level of education, and major.

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Comparison of forecasting performance of time series models for the wholesale price of dried red peppers: focused on ARX and EGARCH

  • Lee, Hyungyoug;Hong, Seungjee;Yeo, Minsu
    • Korean Journal of Agricultural Science
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    • v.45 no.4
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    • pp.859-870
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    • 2018
  • Dried red peppers are a staple agricultural product used in Korean cuisine and as such, are an important aspect of agricultural producers' income. Correctly forecasting both their supply and demand situations and price is very important in terms of the producers' income and consumer price stability. The primary objective of this study was to compare the performance of time series forecasting models for dried red peppers in Korea. In this study, three models (an autoregressive model with exogenous variables [ARX], AR-exponential generalized autoregressive conditional heteroscedasticity [EGARCH], and ARX-EGARCH) are presented for forecasting the wholesale price of dried red peppers. As a result of the analysis, it was shown that the ARX model and ARX-EGARCH model, each of which adopt both the rolling window and the adding approach and use the agricultural cooperatives price as the exogenous variable, showed a better forecasting performance compared to the autoregressive model (AR)-EGARCH model. Based on the estimation methods and results, there was no significant difference in the accuracy of the estimation between the rolling window and adding approach. In the case of dried red peppers, there is limitation in building the price forecasting models with a market-structured approach. In this regard, estimating a forecasting model using only price data and identifying the forecast performance can be expected to complement the current pricing forecast model which relies on market shipments.

Valuation of Public Data Using Stated Preference Method: The Case of Agriculture Soil Database (진술선호방법을 이용한 공공 데이터의 가치 평가: 농업토양정보 데이터베이스 사례)

  • Lee, Sang-Ho;Ha, Sung-Ho;Jeong, Ki-Ho
    • The Journal of Information Systems
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    • v.27 no.4
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    • pp.149-165
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    • 2018
  • Purpose As Korean economy has been sluggish in recent years, firms' interest in publicly financed projects has increased due to the relatively increasing proportion in the economy. Since 1999, publicly financed projects in Korea need to undergo preliminary feasibility study to evaluate economic efficiency and policy quality if they are larger than a certain scale. The benefits of public projects are one of the most important factors in the preliminary feasibility study but are difficult to estimate due to their nature. Design/methodology/approach This study estimates the benefits of the agricultural soil information database, a public database in Korea. The method used in the study is the stated preference method which is formally used in Korea's preliminary feasibility study. Data are collected through surveys and a logit model is constructed to be estimated by the maximum likelihood estimation method. Findings As the first study evaluating a public database, this study can be used as a baseline in all public database projects developed in the future. In addition, this study can contribute to improving the understanding of both private companies and public organizations who are interested in the cost-benefit analysis and estimation procedure for the publicly financed projects.