• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.6
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• pp.797-803
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• 2012

In this paper, for minimizing the real-time operating load losses of the power transformer, a SCADA optimum operating system was developed, and the economic analyses on the test operation were performed. Transformer loss DB which reflects the economic integration operation criteria was constructed by referring the transformer manufacturer's loss data(iron loss, copper loss). Based on the loss DB, each substation transformer real-time loss was calculated according to the size of the transformer loads, and if integration or separation transformer operating conditions minimizing the loss are met, then a window pops-up and the dispatcher performs the substation equipments operation according to the procedure provided by this system. With the existing SCADA main program, the relation database of the substation facilities and integration/separation operation algorithm were developed and applied to Auto MTR Processor and pconn Processor Task module. Seven stations test data for seven months were analyzed for the economic analyses, and the results showed that Cost-Benefit ratio was 2.64, and IRR(Internal Rate of Return), 36%, which asserted the economic justification of the proposed system.

• Journal of the Korean Statistical Society
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• v.4 no.1
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• pp.39-56
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• 1975

Ever since Gauss discussed the least-squares method in 1812 and Bertrand translated Gauss's work in French, the least-squares method has been used for various economic analysis. The justification of the least-squares method was given by Markov in 1912 in connection with the previous discussion by Gauss and Bertrand. The main argument concerned the problem of obtaining the best linear unbiased estimates. In some modern language, the argument can be explained as follow.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.23 no.54
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• pp.167-177
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• 2000

The problem of system reliability is very important issue in the nuclear power plant, because the failure of its system brings about extravagant economic loss, environment destruction, and quality loss. This paper therefore proposes a normalized scoring model by the qualitative factors order to evaluate the robust reliability of nuclear power plants under uncertainty. Especially, the qualitative factors including risk, functional, human error, and quality function factors for the robust justification has been also introduced. Finally, the analytical reliability and safety assessment model developed in this paper can be used in the real nuclear power plant.

• Ocean and Polar Research
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• v.33 no.1
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• pp.77-83
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• 2011

In this study we examined the economic value of restoration technology for oil spill using contingent value methods. One and one half approach to questionnaires can be taken when analyzing tax payer situations as well as single bound approach. The results of the empirical analysis suggest three conclusions. First, the economic value of the restoration technology considered are estimated to be between 8,439 won to 11,867 won per month. Second, the WTP is estimated differently depending on the approaches, OOHB and SB, and the degrees of difference are very sensitive to the model specifications. This empirical result supports the argument for using interval for the economic value when using CVM. Third, the empirical results may provide useful input to policy authorities attempting to estimate the economic justification of the R&D investment for developing an ocean environmental restoration technology.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.20 no.6
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• pp.157-169
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• 2010

As the information society changes into the ubiquitous computing society, the importance of information security has increased. Governments and enterprises are carrying out various information security activities to operate their information asset effectively. Since 2006, the Korean government has implemented 'Advance Diagnosis' policy to analyze the vulnerability of the information security from the early stage of the information system development to secure the information stability. This study proposes an analyzing framework for the economic effects of Advance Diagnosis for Information Security and presents an illustrative application em a real Advance Diagnosis case. The results of this study can be applied to secure the economic justification of government policies for the security of information systems.

• Journal of Korean Society of Transportation
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• v.12 no.1
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• pp.151-172
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• 1994

The objective of study is to evaluate design standards related to the allowable truck speeds, taper length and sign requirements together with the operating practices and economic justification for climbing lanes. Field surveys were carried out on seven climbing lanes, three on two-lane and four on four-lane freeways. Data collected are traffic volume, speed, usage rate and delay. It is found that current design criteria for determining the length of climbing lane, taper lengths, and traffic sign requirements must be upgraded. It is also recommended that regulations on the use of climbing lane be established to make it more effective. Further, economic analysis revealed that the climbing lane is economically justified for two-lane and four-lane freeway if the AADT is over 4,577 and 5,116 vehicles respectively.

• Journal of the Korean Society for information Management
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• v.22 no.3 s.57
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• pp.147-162
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• 2005

This study aims to suggest a new approach to economic valuation of the special library, in response to the necessity of economic justification of the special library operated by firms and research institutes. Benefit measurement elements and analysis methods to be used in the study were derived through feasibility evaluation on models in previous studies, and objectivity and applicability were the criteria for feasibility evaluation. Depending on which type of resources are used in providing service, different benefit measurement elements and methods were applied. Based on this, calculation formula for service valuation of special library was presented. The development of analysis model for economic valuation of special library made it possible to objectively prove the value of the special library, and is considered to provide an opportunity to publicize the real value of the special library.

• Journal of Distribution Science
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• v.14 no.11
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• pp.29-36
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• 2016

Purpose - Intense debate is occurring over support for farmers in Korea, specifically on the justification, policy design, and equality issues of the farm support programs. Given this debate, a new type of farm program in the US, a market flexible revenue program(the Average Crop Revenue Election, ACRE), is examined. ACRE stands in contrast to traditional programs that tie payments to price and have parameters that are fixed or change only infrequently. Research design, data, and methodology - Based on the ACRE program formulas, the potential payments are estimated by crop year, program crop and geographical area using the FSA acreage and payment rate data. Results - If all US farm program acres were in ACRE over the 2009-2013 crop years, payments would have totaled $7.95 billion or 1.2 percent of average market receipts for US crops. Enacting ACRE as a revenue program instead of a similarly-structured price-only program increased payments by $1.75 billion or 28 percent. Conclusions - Potential payments by ACRE largely reflected the distribution of the value of production across the program crops eligible for ACRE as well as across state geographical areas. If program parameters can be made acceptable and if data availability issues can be addressed, market flexible revenue programs offer a farm policy option that can address many of the concerns that have arisen over farm policy in Korea.

• Korean Journal of Organic Agriculture
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• v.29 no.3
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• pp.317-332
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• 2021

This study estimated the predictive onion yield through Stepwise regression of big data and weather variables by onion growing season. The economic feasibility of onion observations using big data was analyzed using estimated predictive data. The social welfare effect was estimated through the model of Harberger's triangle using onion yield prediction with big data and it without big data. Predicted yield using big data showed a deviation of -9.0% to 4.2%. As a result of estimating the social welfare effect, the average annual value was 23.3 billion won. The average annual value of social welfare effects if big data was not used was measured at 22.4 billion won. Therefore, it was estimated that the difference between the social welfare effect when the prediction using big data was used and when it was not was about 950 million won. When these results are applied to items other than onion items, the effect will be greater. It is judged that it can be used as basic data to prove the justification of the agricultural observation project. However, since the simple Harberger's triangle theory has the limitation of oversimplifying reality, it is necessary to evaluate the economic value through various methods such as measuring the effect of agricultural observation under a more realistic rational expectation hypothesis in future studies.

• The Journal of Economics, Marketing and Management
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• v.11 no.6
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• pp.35-41
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• 2023

Purpose: This study aims to determine the marketability of the heritage sites in Region III, Philippines. More specifically, it will obtain information on the: (a) profile of the heritage sites in Central Luzon; (b) dimensional issues of their marketability along social, environmental, and economic lines; (c) quality of services in terms of tangibility, responsiveness, empathy, assurance, and reliability; and (d) its business model canvas. Research design, data, and methodology: This will utilize a descriptive survey of the heritage sites in Central Luzon, namely: Aurora, Nueva Ecija, Bulacan, Pampanga, Tarlac, Zambales, and Bataan. There will be 60 respondents, including 5 facilitators, 24 residents, and 31 tourists. The results will be statistically measured through the measures of central tendencies, dispersion, and the test of significance. Result and conclusion: This study will comprehensively examine the local tourism sector, benefiting various stakeholders. It serves as a valuable resource for tourists by providing insights into destination marketing strategies and enhancing heritage tourism experiences. Administrators benefit from coping strategy evaluations, aiding in the formulation of effective strategies aligned with industry goals. Tourism businesses align with industry objectives and the study streamlines ordinances for site protection for local government units. Additionally, the community gains empowerment through insights into employable activities and potential businesses, influencing assessments of the justification for local preservation ordinances.