• Title/Summary/Keyword: economic estimation

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A Simulation of Earthquake Loss Estimation for a Gyeongju Event (경주지역 발생 지진에 대한 지진손실예측 시뮬레이션)

  • Kang, Su-Young;Kim, Kwang-Hee;Suk, Bong-Chool;Yoo, Hai-Soo
    • Journal of the Korean Society of Hazard Mitigation
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    • v.8 no.3
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    • pp.95-103
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    • 2008
  • Knowledge of expected losses in terms of physical, economic, and social damages due to a potential earthquake will be helpful in the effort to mitigate seismic hazards. In this study, losses due to a magnitude 6.7 scenario earthquake in the Gyeongju area have been estimated using the deterministic method in HAZUS. The attenuation relation proposed by Sadigh et al.(1997) for site classes B, C, and D, which are assumed to represent the characteristics of the strong-motion attenuation in the Korean Peninsula, has been applied. Losses due to the hypothetical earthquake have been also calculated using other attenuation relationships to examine their roles in the loss estimation. The findings indicate differences among the estimates based on various attenuation relationships. Estimated losses of the Gyeongju area by a scenario earthquake using HAZUS should be seriously considered in the planning of disaster response and hazard mitigation.

A Study on the Forecasting Model of the Required Cost for the Long-term Repair Plan in Apartment housings (공동주택의 장기수선계획 소요비용 예측모델 연구)

  • Lee, Kang-Hee;Yoo, Uoo-Sang;Chae, Chang-U
    • KIEAE Journal
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    • v.11 no.3
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    • pp.63-68
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    • 2011
  • Building deterioration would be proceeded by various causes such as physical, social, economic degradation. The deterioration would be inevitably prevented or delayed to get the decent function and performance in various building part and components. The maintenance and management are continued to provide the decent living condition for the household. The maintenance means mainly a repair, including the on-time and longterm plan. The longterm repair would be conducted by the systemic preparation in management activity and a required cost. Therefore, the annual due for the longterm repair plan is important to prepare the repair cost in a required time. In this paper, it aimed at analyzing the longterm repair cost and modelling to forecast the required cost in total area, number of household and time elapse in apartment housing. The estimation model of a repair cost is used with a power function which has a good statistics. Results of this study are shown that the sample has a longterm repair due in a $2,032won/m^2{\cdot}yr$ averagely which is higher than $912won/m^2{\cdot}yr$ in domestic. Second, the longterm repair due is proportionally correlated with the time elapse in both a total area and the number of household. Third, the estimation model for the longterm repair amount is suitable for the power function which is most in any other estimation models. Fourth, the ration of the longterm plan repair due a year to the cumulated longterm amount is about 26%.

Estimating the CoVaR for Korean Banking Industry (한국 은행산업의 CoVaR 추정)

  • Choi, Pilsun;Min, Insik
    • KDI Journal of Economic Policy
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    • v.32 no.3
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    • pp.71-99
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    • 2010
  • The concept of CoVaR introduced by Adrian and Brunnermeier (2009) is a useful tool to measure the risk spillover effect. It can capture the risk contribution of each institution to overall systemic risk. While Adrian and Brunnermeier rely on the quantile regression method in the estimation of CoVaR, we propose a new estimation method using parametric distribution functions such as bivariate normal and $S_U$-normal distribution functions. Based on our estimates of CoVaR for Korean banking industry, we investigate the practical usefulness of CoVaR for a systemic risk measure, and compare the estimation performance of each model. Empirical results show that bank makes a positive contribution to system risk. We also find that quantile regression and normal distribution models tend to considerably underestimate the CoVaR (in absolute value) compared to $S_U$-normal distribution model, and this underestimation becomes serious when the crisis in a financial system is assumed.

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Studies on the Estimation of Catchment Eyapotranspiration by the Water Balance Method in the Geum River Basin, Korea (물 수지법에 의한 우리나라 하천유역(금강)의 계절(기)별 증발산량 추정에 관한 연구)

  • 엄병현;조진구;이문수;최수명
    • Magazine of the Korean Society of Agricultural Engineers
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    • v.25 no.2
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    • pp.42-53
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    • 1983
  • In Korea, the demand for water is increasing greatly due to Korea's raqid economic progress which is similar to Japan's. A correct estimation of the runoff factors is the question that must be settled first to establish the appropritae plans for water use and water resources. of these plans the estimation of catchment evapotranspiration for every river basin is the subject of the most importance. It is impossible theoretically to measure evapotranspiration directly, because it is an at mospheric translatory phenomenon. Many approaches have been devised to estimate evapotranspiration, but each of these methods estimates from information taken from a specified point, and these methods are considered incomplete for estimating catchment evapotranspiration. In this paper, the seasonal evapotranspiration estimating method that was proposed by Linsly and was applied in the Kamigamo exprimental basin (subjected to Kyoto Univ.) by Takase et al, was used for the Geum river which is the main river in Korea. Conclusion of experiment. 1) The average annual Ec in this river basin from 1966 to 1972 was 470mm. That is considered appropriate since the average value for the six other large river basin in korea was 485mm. 2) The Ec/Ep and Ec/Epm ratios were 0.43 and 0.52, respectively (Ec : estimated evapotranspiration by water balance method, Ep : average pan evaporation, Epm : evaporation by Penman method). The seasonal Ec/Ep ratios were : 0.4 in spring, 0.6 in summer, 0.4 in autumn and 0.2 in winter. These are rather small when compared to Japan's or England's. 3) The reason for this was that the precipitational difference in wet and dry seasons were greater, an there was not sufficient soil moisture harmonize with the evapotranspiration capacity in the dry season, and that evapotranspiration was small due to the numerous barren mountains.

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An Empirical Study on Variations in ICT Development Level and ODA Policies (저개발 국가의 정보화 수준에 관한 분석과 원조정책 상 시사점)

  • Jang, Jong-Moon;Sung, Tae-Eung;Bae, Kuk-Jin;Yoon, Choong-Han
    • Journal of Korea Technology Innovation Society
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    • v.15 no.2
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    • pp.323-344
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    • 2012
  • We investigate and analyze the effect of population density on digital divide in Africa by applying the panel data analysis therein. From the estimation results based on the panel data analysis, it has been found that population density as well as both levels of income and education has a significant effect on the digital divide in African region. In particular, the fact that the variable of population density makes a significantly influential role implies that the construction cost of information infrastructure in Africa behaves such a considerable obstacle to Africa wishing to enter into information society. In conclusion, throughout the integration of the estimation results in the paper, the following implications for economic cooperation with Africa can be drawn. The estimation results mentioned above strongly imply that the variable referred to as population density should be considered in selecting which countries to assist for construction of information infrastructure.

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Determination of Pattern Models using a Convergence of Time-Series Data Conversion Technique for the Prediction of Financial Markets (금융시장 예측을 위한 시계열자료의 변환기법 융합을 이용한 패턴 모델 결정)

  • Jeon, Jin-Ho;Kim, Min-Soo
    • Journal of Digital Convergence
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    • v.13 no.5
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    • pp.237-244
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    • 2015
  • Export-led policies, FTA signed and economics of scale through a variety of market-oriented policies, such as regulations to improve market grew constantly. Accordingly, the correct decision making accurately analyze the economics market for decision, a problem has been an important issue in predicting. For accurate analysis and decision-making of the most common indicators of the stock market by proposing a number of indicators of economic transformation techniques were applied to the convergence model combining estimation and forecasts problem confirmed its effectiveness. Experimental result, gave the model estimation method to apply a transform to show the valid combinations proposed model state estimation result was confirmed in a very similar exercise aspect of the physical problem and the KOSPI index prediction.

A Study on the ICT Construction in Korea through Benchmarking Japanese Systems and Policies - Focused on Earthwork (일본의 제도·정책 벤치마킹을 통한 국내 건설 ICT 시공 방안에 관한 연구-토공사를 중심으로)

  • Park, Soo-Hyun;Kim, Jeong-Hwan;Seo, Jong-Won;Shim, Ho
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.41 no.4
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    • pp.429-439
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    • 2021
  • In order to cope with the decrease of construction manpower caused by the aging population and to improve construction productivity, Japanese Ministry of Land, Infrastructure, Transport and Tourism has been promoting construction methodology using ICT (Information & Communication Technology) since 2016. The ministry has established and implemented new cost estimation standards, delivery systems, and government support policies to boost automated earthwork using ICT, and is expanding the types of automated construction methodology applied at the construction sites. To utilize ICT at construction sites in Korea, as in case of Japan, laws, systems, and policies should be readjusted first. By comparing the ICT-related systems and policies between Japan and Korea, this paper scrutinizes critical benchmarking factors. As a result, we have reached the conclusion that in order to promote ICT methodology at Korean construction sites, Korean government should establish ICT-related cost estimation standards, delivery systems, and economic support policies in advance.

Development of Estimation Functions for Strong Winds Damage Based on Regional Characteristics : Focused on Jeolla area (지역특성 기반의 강풍피해 예측함수 개발 : 전라지역을 중심으로)

  • Song, Chang Young;Yang, Byong Soo
    • Journal of Korean Society of Disaster and Security
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    • v.13 no.4
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    • pp.13-24
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    • 2020
  • Abnormal weather conditions have lately been occurring frequently due to the rapid economic development and global warming. Natural disasters classified as storm and flood damages such as heavy rain, typhoon, strong wind, high seas and heavy snow arouse large-scale human and material damages. To minimize damages, it is important to estimate the scale of damage before disasters occur. This study is intended to develop a strong wind damage estimation function to prepare for strong wind damage among various storm and flood disasters. The developed function reflects weather factors and regional characteristics based on the strong wind damage history found in the Natural Disaster Yearbook. When the function is applied to a system that collects real-time weather information, it can estimate the scale of damage in a short time. In addition, this function can be used as the grounds for disaster control policies of the national and local governments to minimize damages from strong wind.

An Estimation of Domestic Regional Energy Efficiency Using Stochastic Distance Function (확률적 거리함수를 활용한 지역별 에너지효율성 추정)

  • Jeong, Dasom;Kang, Sangmok
    • Environmental and Resource Economics Review
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    • v.30 no.4
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    • pp.581-605
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    • 2021
  • The purpose of this study is to provide basic data for improving energy efficiency by estimating the regional energy efficiency in Korea using the stochastic frontier approach beyond the energy intensity that has been traditionally used as an indicator of energy efficiency. In this paper, energy efficiency and energy intensity efficiency were estimated as a stochastic distance function from 1998 to 2018 for 16 cities and provinces in Korea. In addition, the robustness of energy efficiency according to the capital stock estimation methods which had been mixed in previous studies was reviewed. As a result of the analysis, there is a significant change in regional rankings according to the three energy efficiency indicators, so they should be used complementary to each other. Second, while the energy efficiency improved little by little over time, the energy intensity efficiency decreased slightly though. Lastly, energy efficiency by region according to the capital stock estimation method was not robust. Care must be taken in estimating capital stock, which is important in economic analysis.

Cost Estimation of Intermittent Aerobic Digestion (간헐포기소화의 비용 평가)

  • Kim, Woon Joong;Kim, Seong Hong;Kim, Hee Jun
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.26 no.1B
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    • pp.113-118
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    • 2006
  • Cost estimation of an intermittent aerobic digestion technology was carried out in this study. Aeration ratio is one of the most important design factors and it affects installation and power consumption cost. For the purpose, digestion efficiency was fixed at 35% of SS reduction and the reactor type was assumed a 2-chamber sequencing batch reactor (SBR). Installation cost and power consumption cost were evaluated and converted in terms of present value that could reflect the rate of discount and the rate of economic growth. The lower aeration ratio needs higher installation cost but lower power consumption cost. From the point of only installation cost, conventional aerobic digestion is cheaper than intermittent aerobic digestion. But intermittent aerobic digestion is better economical for more than 10 years of estimated service life. The optimal aeration ratio was dependent on the service life and it was lower as the estimated service life increased. For the 45 years as the service life, the optimal aeration ratio was estimated 0.3 and the total cost was 64% of the conventional aerobic digestion.