• Title/Summary/Keyword: economic uncertainty

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Economic Assessment of Coal-fired & Nuclear Power Generation in the Year 2000 -Equal Health Hazard Risk Basis- (2000년대 원자력과 유연탄 화력 발전의 경제성 평가 -동일 보건 위험도 기준-)

  • Seong, Ki-Bong;Lee, Byong-Whi
    • Nuclear Engineering and Technology
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    • v.21 no.3
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    • pp.171-185
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    • 1989
  • On the basis of equal health hazard risk, economic assessment of nuclear was compared with that of coal for the expansion planning of electric power generation in the year 2000. In comparing health risks, the risk of coal was roughly ten times higher than that of nuclear according to various previous risk assessments of energy system. The zero risk condition can never be achievable. Therefore, only excess relative health risk of coal over nuclear was considered as social cost. The social cost of health risk was estimated by calculation of mortality and morbidity costs. Mortality cost was $250,000 and morbidity cost was $90,000 in the year 2000.(1986US$) Through Cost/Benefit Analysis, the optimal emission standards of coal-fired power generation were predicted. These were obtained at the point of least social cost for power generation. In the year 2000, the optimal emission standard of SOx was analyzed as 165ppm for coal-fired power plants in Korea. From this assessment, economic comparison of nuclear and coal in the year 2000 showed that nuclear would be more economical than coal, whereas uncertainty of future power generation cost of nuclear would be larger than that of coal.

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Coerced Debt Victimization and Interventions: Focusing on Domestic Violence Research in the United States (강요된 빚 피해 및 개입방안: 미국의 가정폭력 연구를 중심으로)

  • Park, Eonju
    • The Journal of the Korea Contents Association
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    • v.22 no.6
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    • pp.596-605
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    • 2022
  • This study aimed to introduce research on coerced debt victimization and interventions in the context of domestic violence. To achieve the aim, this study reviewed existing studies on coerced debt conducted in the US. This study discussed the followings: First, coerced debt was theorized by coerced control theory of domestic violence and control mechanisms of economic abuse and conceptualized as fraud and force. Second, the effects of coerced debt included credit damage, economic dependence, and barriers to housing, employment, and safety. Third, to intervene the victimization, service providers should endure uncertainty and its time consuming process of recovering, provide an intense and personalized advocacy, and overcome the problems of absence of policies to support the victims. Finally, service providers should have educations and training programs on the assessment and intervention skills of coerced debt acknowledging empowerment and safety of the victims as the most important.

Barriers to E-Commerce Business Model in Cambodia and The Suggestion: A Case Study

  • Khoeurn, Saksonita;Kim, Yun Seon
    • Asia Pacific Journal of Business Review
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    • v.2 no.1
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    • pp.69-85
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    • 2017
  • Electronic commerce (e-commerce) has seen as the potential to improve profitability and productivity in many areas as well as gaining notable attention in many countries. Despite, there has been some uncertainty about the e-commerce impacts for developing countries. The sufficient basic infrastructural deficiency, socio-political, economic and the lack of government public ICT policies have formed the significant barriers to the adoption and e-commerce growth in developing countries. Even though there are many researchers have found the common barriers to e-commerce in the developing nations, all business models targeting those countries are not equally successful. Small companies' persistence failed to challenge the e-commerce barriers in Cambodia because the firms didn't know the correct business model to succeed in this country online market. Therefore, this study will discuss the existing barriers which lead to limit e-commerce growth in Cambodia and the suggested solutions with the suitable business model for the e-commerce business in the country too.

Optimal Design of Rubble Mound Breakwater Used by Partial Safety Factor Method (부분안전계수를 이용한 경사식 방파제의 최적설계기법)

  • 이동훈;민석진;김성득
    • Journal of Ocean Engineering and Technology
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    • v.17 no.6
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    • pp.23-31
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    • 2003
  • As there are so many uncertainties associated with using the determinism analysis method in the design of rubble mound breakwater, it is impossible for a designed construction to provide ultimate stability. First of all, due to the uncertainty of Load and Resistance, a safety level concerning the destruction mode of construction must be given. Then, the optimization design should be processed. After all, we can say that it is a more reasonable design method than the design used by the stability rate. In this study, an established design process is accomplished using Hudson's equation and an economic analysis with the breakwater's section is also conducted. Hudson's equation is compared to Van der Meer's equation. These results are utilized to drop a damage rate, increase the stability of construction, and determine the optimization section of the breakwater.

Robust EOQ Models with Decreasing Cost Functions (감소하는 비용함수를 가진 Robust EOQ 모형)

  • Lim, Sung-Mook
    • Journal of the Korean Operations Research and Management Science Society
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    • v.32 no.2
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    • pp.99-107
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    • 2007
  • We consider (worst-case) robust optimization versions of the Economic Order Quantity (EOQ) model with decreasing cost functions. Two variants of the EOQ model are discussed, in which the purchasing costs are decreasing power functions in either the order quantity or demand rate. We develop the corresponding worst-case robust optimization models of the two variants, where the parameters in the purchasing cost function of each model are uncertain but known to lie in an ellipsoid. For the robust EOQ model with the purchasing cost being a decreasing function of the demand rate, we derive the analytical optimal solution. For the robust EOQ model with the purchasing cost being a decreasing function of the order quantity, we prove that it is a convex optimization problem, and thus lends itself to efficient numerical algorithms.

Reputation Effects in Professors' Research Performances (교수의 연구 성과에 있어서 평판효과)

  • Lee, Daechang;Jeon, Seonghoon
    • Journal of Labour Economics
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    • v.32 no.1
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    • pp.1-29
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    • 2009
  • This paper exploited the data reported in BK21 program of professors' research performances and analyzed the effects of reputational concerns on professors' research performances. According to the established theory of reputation effects in incentive provision, a professor's research incentive gets stronger if one's ability is less known, and one's colleagues' abilities are better known. We confirmed this theoretical hypothesis of reputation effects. Moreover, we found that a professor's research incentive was larger under inter-generational grouping in terms of age distribution and homogeneous grouping in terms of ability uncertainty.

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Elaboration of Real Options Model and the Adequacy of Volatility

  • Sung, Tae-Eung;Park, Hyun-Woo
    • Asian Journal of Innovation and Policy
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    • v.6 no.2
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    • pp.225-244
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    • 2017
  • When evaluating the economic value of technology or business project, we need to consider the period and cost for commercialization. Since the discounted cash flow (DCF) method has limitations in that it can not consider consecutive investment or does not reflect the probabilistic property of commercialization cost, we often take it desirable to apply the concept of real options with key metrics of underlying asset value, commercialization cost, and volatility, while regarding the value of technology and investment as the opportunity value. We at this moment provide more elaborated real options model with the effective region of volatility, which reflects the uncertainty in the option pricing model (OPM).

A qualitative study on job-seeking stress for university students majoring healthcare (보건계열 대학생의 취업 스트레스에 관한 질적 연구)

  • Oh, Yeseul;Oh, Eun-Hwan
    • The Journal of Korean Society for School & Community Health Education
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    • v.14 no.1
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    • pp.25-36
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    • 2013
  • Objectives: The study was performed to investigate job-seeking stress for university students who have a major in healthcare. Methods: For the analysis, 10 fourth-year students who are willing to get a job were interviewed. Interviews were conducted from October 2011 to November 2011 for 2 weeks. The data were collected with semi-structured open-ended questions and analysed by the method of Consensual Qualitative Research(CQR). Results: The main reasons for the job-seeking stress for students were insufficient preparation for getting a job, uncertainty, anxiety, pressure, and age. A reinforcing factor for stress was family. Conclusions: Universities should provide educational, psychological, and economic supports to job-seeking students majoring healthcare because of their relatively fewer opportunities for getting a job compared to those who have a major in non-healthcare.

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A Study on Demand Forecasting Model of Domestic Rare Metal Using VECM model (VECM모형을 이용한 국내 희유금속의 수요예측모형)

  • Kim, Hong-Min;Chung, Byung-Hee
    • Journal of Korean Society for Quality Management
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    • v.36 no.4
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    • pp.93-101
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    • 2008
  • The rare metals, used for semiconductors, PDP-LCS and other specialized metal areas necessarily, has been playing a key role for the Korean economic development. Rare metals are influenced by exogenous variables, such as production quantity, price and supplied areas. Nowadays the supply base of rare metals is threatened by the sudden increase in price. For the stable supply of rare metals, a rational demand outlook is needed. In this study, focusing on the domestic demand for chromium, the uncertainty and probability materializing from demand and price is analyzed, further, a demand forecast model, which takes into account various exogenous variables, is suggested, differing from the previously static model. Also, through the OOS(out-of-sampling) method, comparing to the preexistence ARIMA model, ARMAX model, multiple regression analysis model and ECM(Error Correction Mode) model, we will verify the superiority of suggested model in this study.

TSAS : A COMPUTERIZED PROCESS CONTROL SYSTEM AT A U.S. PETROLEUM COMPANY (TSAS : 미국석유회사의 자동 Process 통제시스템)

  • Yu, Sang-Jin
    • Asia pacific journal of information systems
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    • v.6 no.1
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    • pp.5-20
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    • 1996
  • Today's firms exist and run business in an uncertain and rapidly changing environment in terms of industry, market, technology, economic conditions, and culture. To be competitive, at least to survive, firms must cope with and manage uncertainty effectively. In other words, firms should be equipped with powerful weapons to capture competitive advantage over their competitors. There are several ways for a firm to capture competitive edge over its competitors such as cost leadership, quality of the products and services, manpower, higher productivity, and technology. Among these, technology, especially information technology, could be the most effective weapon for competitive advantages since it is possible to monitor competitors' movement as well as to provide appropriate information with both planning and control phases through an information system. In this paper, a competitive weapon in action, a Process Control System which is developed by and installed at a U.S petroleum company would the described.

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