• Title/Summary/Keyword: economic terms

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A Study on the Economic Evaluation Model of Splice of Reinforcement Bar(SD500) (초고강도 철근이음의 경제성 평가모델 개발에 관한 연구)

  • Kim, Jae-Yeob;Kim, Dae-Won
    • Journal of the Korea Institute of Building Construction
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    • v.8 no.1
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    • pp.71-76
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    • 2008
  • Recently, the high-rise apartment housings have become a prototype of the urban residential dwelling in Korea and the numbers of one have steadily been increasing. According to this trend, the strength of the construction materials is also fortified to assure the stability and durability of the buildings. Specially, Re-bar of SD500 type is largely used at the construction sites of high-rise building. This study analyzes the current usage of SD500 high-strength re-bar at domestic construction sites. Through the result of this analysis, we develop Economic Evaluation Model that measure economic efficiency of lap splice and coupler splice, which are most commonly used in connection SD500. The evaluation method was applied to construction sites in Seoul in December 2006, and the result revealed that coupler splice is relatively superior in terms of cost efficiency when the re-bar diameter is longer and the concrete strength is lower.

An estimation on the market environment of Uzbekistan and the strategic direction for the Economic Cooperation (우즈베키스탄 시장의 환경 평가와 경제교류 전략의 방향성 분석)

  • Kim, Joong-Kwan
    • International Commerce and Information Review
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    • v.12 no.3
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    • pp.101-121
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    • 2010
  • This paper focuses on establishing strategies to ensure entry to the Uzbekistan in the process of developing business opportunities and managing industry. The study provides initiatives to maintain industrial competitiveness as well as policy guidance for entry and management on the Uzbekistan's industry. The most prominent feature of Uzbekistan's industrial development policy during the past decade is that it has undertaken an integrated policy approach to development which brought about sustainable economic development. In this development process, trade policy, manpower development policy, and technology policy were well coordinated and complementary to industrial policy in the Uzbekistan. This paper attempts to analyze Uzbekistan's custom and system in terms of broad industrial policy concept through resource and economic environment of Uzbekistan and to derive some lessons of market evaluation and policy implication for Korean government and industrial line.

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Economic Evaluation of New Agro-biotechnology Product Using the Stated Preferences Theory (기술된 선호이론을 통한 농업생명공학 신상품의 경제성 분석연구)

  • Hyun, Byeong-Hwan;Chung, Hyeok;Shin, Hyo-Jung;Yoon, Seok-Gi
    • Journal of Technology Innovation
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    • v.5 no.1
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    • pp.249-265
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    • 1997
  • With current difficulties in Korean agricultural sector, the biotechnology is considered as the most important factor to offset the inferiority in the agriculture. New products by using the biotechnology would be commercialized and consumed by both producers and consumers. Before its production and distribution, researches on new product should be undertaken in many aspects, especially in terms of economic aspects. Main objectives of this study are to measure the economic value of the new product using the agro-biotechnology, here potato microtubers, and to examine whether the stated peferences theory, the Contingent Valuation Method(CVM), could be accepted in the economic analysis for the new biotech product. Through the demand function derived from the consequences of functional relationship relationship, the consumer's surplus was estimated.

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Comparative Analysis of Competitiveness in the Steel Distribution Industry between Korea and Japan

  • Lee, Jae-Sung
    • Journal of Distribution Science
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    • v.12 no.3
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    • pp.25-32
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    • 2014
  • Purpose - This study reviews changes in the steel export-import structure between Korea and Japan using a trade related index; it focuses on analyzing comparative advantage based on time-series analysis statistics data using the trade intensity index (TII), revealed comparative advantage index (RCA), and trade specialization index (TSI). Research design, data, and methodology - In terms of their economic phase, Korea and Japan have a mutually complementary character. Therefore, this study aims to understand each country's trade structure to strengthen Korea-Japan economic cooperation, examine trade drawbacks, analyze factors that affect trade, and identify ways to improve and expand trade. Results - The results indicate immense potential for mutual cooperation and complementariness, which will yield guaranteed adequate profits comparable to those of any regional economic integrated community. Conclusion - From our viewpoint, Northeast economic cooperation can facilitate industry technological cooperation with Japanese partners in the prevailing environment that is characterized by increasing competition among industries and the need to secure stable resource supplies as well as the expansion of the export market and diversification, which can have significant positive implications.

A Study on the perception of shippers on the port of Pyeongtaek and its development strategies (경기화주들의 평택항에 대한 인식도와 발전전략)

  • 이충배
    • Journal of Korea Port Economic Association
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    • v.18 no.1
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    • pp.135-157
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    • 2002
  • The fact that Pyeongtaek Port is located ideally at the central point of the Yellow Sea's Economic Zone and it is very close to the metropolitan area of South Korea which occupies more than 50 percent of the total trade volume in terms of tonnage is providing a good prospect of development for the Port of Pyeongtaek. This study examines the perception of shippers in Kyonggi-do on the development of Pyeongtaek Port, giving some suggestions to the Pyeongtaek Port Authority. It begins with a description of the port such as current economic status, statistics on the economy, trade and investment regarding the Port of Pyeongtaek. According to a particular questionnaire survey conducted in December 2001, the major obstacles to the utilization of the port are as follows: a shortage of liner shipping routes, lack of container handling facilities including container terminal, crane etc., and port sales promotion activity. Therefore the port should make aggressive efforts to attract container cargoes to and from China by expanding port facilities, implementing effective marketing strategies, introducing a customs-free zone/free trade zone, and strengthening port sales etc.

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Economic Assessments of LFAC and HVDC Transmissions for Large Offshore Wind Farms

  • Park, Taesik;Kwak, Nohong;Moon, Chaeju;Cha, Seungtae;Kwon, Seongchul
    • KEPCO Journal on Electric Power and Energy
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    • v.1 no.1
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    • pp.73-77
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    • 2015
  • Offshore wind farms extend a distance from an onshore grid to increase their generating power, but long distance and high power transmissions raise a lot of cost challenges. LFAC (Low Frequency AC) transmission is a new promising technology in high power and low cost power transmission fields against HVDC (High Voltage DC) and HVAC (High Voltage AC) transmissions. This paper presents an economic comparison of LFAC and HVDC transmissions for large offshore wind farms. The economic assessments of two different transmission technologies are analyzed and compared in terms of wind farm capacities (600 MW and 900 MW) and distances (from 25 km to 100 km) from the onshore grid. Based on this comparison, the economic feasibility of LFAC is verified as a most economical solution for remote offshore wind farms.

Dollarization in North Korea: Evidence from a Survey of North Korean Refugees

  • Mun, Sung Min;Jung, Seung Ho
    • East Asian Economic Review
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    • v.21 no.1
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    • pp.81-100
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    • 2017
  • This study measures the degree of dollarization in North Korea using results from a survey of 231 North Korean refugees. Specifically, we compare foreign currency use of households as both store-of-value substitutes (i.e., asset substitution) and transaction substitutes (i.e., currency substitution) before and after the confiscatory currency reform of 2009. The degree of dollarization has advanced since the currency reform in terms of both asset and currency substitutions. Survey results also indicate that the Chinese yuan is frequently used in the Sino-North Korean border area, whereas the US dollar is predominantly used in non-border areas. Furthermore, foreign currency increasingly serves as a medium of exchange not only for large transactions but also for smaller transactions, such as food purchases.

Economic feasibility of thermoelectric power generation technology for energy harvesting (에너지 하베스팅을 위한 열전발전 기술의 경제적 타당성 평가)

  • Moon, Jihong;Hwang, Jungho;Yang, Changwon;Lee, Uendo
    • 한국연소학회:학술대회논문집
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    • 2015.12a
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    • pp.323-323
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    • 2015
  • In recent years, increasing concerns of environmental issues of global warming and limitations of conventional energy resources have resulted in extensive researches into energy harvesting from unused energy. Thermoelectric generation (TEG) is a promising technology for waste heat to power, and various kinds of applications are possible if a waste heat source meets the requirements of TEG operation. In terms of commercialization, economic feasibility is important for an emerging technology like TEG. In this study, economic analysis was conducted for the application of TEG on various sources of waste heat.

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A Study of Determination on Usage Life of Production Facilities for Economic LCC (경제적 LCC 를 위한 생산설비의 사용년수에 관한 연구)

  • Yoo, Il-Geon;Park, Won-Jun
    • IE interfaces
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    • v.6 no.2
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    • pp.37-51
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    • 1993
  • This paper studies the economic replacement method for production facilities which requires huge investment but are necessary for higher productivity and competability of products. That is, the general models for the decision of economic life of properties which minimizes the total costs throughout the usage life(Life cycle costs) are generated. Main factors which make influences for the decision of econmic life can be divided by three. These are the change of salvage value, repair and maintenance costs, and availability of production facilities with the passage of usage time. In this paper, the real world data for these three factors are collected and analyzed for the extraction of representative standard forms with the passage of time. And general models for economic replacement methods and optimal usage terms are presented through tables with the combination of the standard forms of these three main factors.

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Multi Area Economic Dispatch using Secant Method

  • Sudhakar, A.V.V.;Chandram, Karri;Jayalaxmi, A.
    • Journal of Electrical Engineering and Technology
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    • v.8 no.4
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    • pp.744-751
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    • 2013
  • In this paper, Secant method is proposed to solve multi area economic dispatch (MAED) problem. Generator limits of all generators in each area are calculated at given area power demands plus export (or import) using secant method and the generator limits of all generators are modified as modified generator limits. Central economic dispatch (CED) problem is used to determine the output powers of all generators. Here, Secant method is applied to solve the CED problem. The proposed approach has been tested on two-area (two generators in each area) system and four-area (four generators in each area) system. It is observed from various cases that the proposed approach provides optimally best solution in terms of cost with tie line loss with less computational burden.