• KDI Journal of Economic Policy
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• v.14 no.4
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• pp.3-26
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• 1992

The pupose of this paper is to construct a price determination model of the Korean economy and to find out the propogation mechanism of monetary and fiscal policies. The model is a small-size macroeconometric model consisted of ten core equations : consumption, investment, exports, imports, consumer price index, wage rate, corporate bond rate, potential GNP, capital stock, and GNP identity. The model is a Keynesian model : consumer price index is determined by markup over costs, and wage rate is expressed by Phillipse curve ralation. Two features of the model, however, distinguish this model from other macroeconometric models of the Korean economy. First of all, the estimation of potential GNP and the capital stock is endogenized as suggested by Haque, Lahiri, and Montiel (1990). This allows us to calculate the level of excess demand, which is defined as the difference between the actual GNP and the potential GNP. Second, interest rate, inflation and wages are all estimated as endogenous variables. Moreover, all quantity variables include price variables as important determinants. For instance, interest rate is an important determinant of consumption and investment. Exports and imports are determined by the real effective exchange rate. These two features make the interactions between excess demand and prices the driving forces of this model. In the model, any shock which affects quantity variable(s) affects excess demand, which in turn affects prices. This strong interaction between prices and quantities makes the model look like a classical model over the long run. That is, increases in money supply, government expenditures, and exchange rate (the price of the U.S. dollar in terms of Korean won) all have expansionery effects on the real GNP in the short run, but prices, wage, and interest rate all increase as a result. Over the long run, higher prices have dampenning effects on output. Therefore the level of real GNP turns out to be not much different from the baseline level ; on the other hand, the rates of inflation, wage and interest rate remain at higher levels.

• Journal of Cadastre & Land InformatiX
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• v.50 no.1
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• pp.181-200
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• 2020

This study used the OLS model to estimate the determinants affecting the tenure of a home and then compared the predictive power of each model with SVM, Decision Tree, Random Forest, Gradient Boosting, XGBooest and LightGBM. There is a difference from the preceding study in that the Stacking model, one of the ensemble models, can be used as a base model to establish a more predictable model to identify the volume of housing transactions in the housing market. OLS analysis showed that sales profits, housing prices, the number of household members, and the type of residential housing (detached housing, apartments) affected the period of housing ownership, and compared the predictability of the machine learning model with RMSE, the results showed that the machine learning model had higher predictability. Afterwards, the predictive power was compared by applying each machine learning after rebuilding the data with the influencing variables, and the analysis showed the best predictive power of Random Forest. In addition, the most predictable Random Forest, Decision Tree, Gradient Boosting, and XGBooost models were applied as individual models, and the Stacking model was constructed using Linear, Ridge, and Lasso models as meta models. As a result of the analysis, the RMSE value in the Ridge model was the lowest at 0.5181, thus building the highest predictive model.

• Journal of Mechanical Science and Technology
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• v.16 no.7
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• pp.942-949
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• 2002

The use of a combined starter/generator integrated into the drive train of an automobile offers several possibilities for improvement of fuel economy The use of such a starter/generator system is made feasible by a switch from a 14 volts electrical system to a 42 volts system, however, the sizing of the components is not a trivial problem. This study combines a dynamic electromechanical model of the starter, battery and power electronics with the nonlinear mechanics of the piston/crankshaft system and a thermofluid model of the compression and expansion processes to investigate the cold start problem. The example involves the start of an eight cylinder engine at -25 degrees Celsius. This paper shows how the mechatronic V8 engine of an automotive starter/generator system for the startability works well.

• Architectural research
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• v.12 no.2
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• pp.85-92
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• 2010

In recent years, construction projects have been forced to cope with lack of skilled labor and increasing hazard circumstance of human operations. A construction robotic system has been frequently accomplished as one alterative for overcoming these difficulties in increasing construction quality, enhancing productivity, and improving safety. However, while the complexity of such a system increases, there are few ways to carry out an assessment of the system. This paper introduces a knowledge-based multi-criteria decision-making process to assist decision makers in systematically evaluating an automated system for a given project and quantifying its system performance index. The model employs linguistic terms and fuzzy numbers in attempts to deal with the vagueness inherent in experts' or decision makers' subjective opinions, considering the contribution resulted from their knowledge on a decision problem. As an illustrative case, the system, called Robotic-based Construction Automation, for constructing steel erection of high-rise buildings was applied into this model. The results show the model's capacities and imply the application to other extended types of construction robotic systems.

• Journal of Navigation and Port Research
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• v.39 no.5
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• pp.409-415
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• 2015

According to the globalization of world economy on distribution and sales, logistics and transportation parts are playing an important role. Especially, they have to decide what is the key factor of route choice model and how to choose the right transport route in multimodal transport system. By considering the key factors in rote choice model for freight forwarders between Mongolia and Korea, this paper propose 4 main factors: Cost, Delivery time, Freight and Logistics service with 13 sub factors. The importance of factors is surveyed base on AHP through interview with freight forwarders. In results, the empirical insights about current status of Mongolian forwarders are provided with different factors between transportation modes. Expecially, the Time factor is a role factor to choose transport route for air transportation forwarders.

• Journal of applied mathematics & informatics
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• v.26 no.1_2
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• pp.337-347
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• 2008

Based on social welfare maximum theory, the optimal scale of power plants entering generation power market being is researched. A static non-cooperative game model for short-term optimization of power plants with different cost is presented. And the equilibrium solutions and the total social welfare are obtained. According to principle of maximum social welfare selection, the optimization model is solved, optimal number of power plants entering the market is determined. The optimization results can not only increase the customer surplus and improve power production efficiency, but also sustain normal profits of power plants and scale economy of power production, and the waste of resource can also be avoided. At last, case results show that the proposed model is efficient.

• IE interfaces
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• v.20 no.3
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• pp.387-394
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• 2007

Numerous countries promote business programs to revitalize local economy, increase employment, and nurture high-tech industries. Recently, a number of business incubators have been established and operated with aims to adapt to changing environment and increase economic competitiveness in Korea. To give satisfactory results of governmental policy, the requirement to develop the evaluation model to support effective operations of business incubators using the objective and rational criteria is growing. The purpose of this study is to develop evaluation model in Business Incubator using Data Mining Process. We suggested the evaluation model of business incubator, 'Score-5 RS' consists of making evaluation factor process using weighted sum and 5-grade classification and analyzing process by Decision Tree algorithm.

• International Journal of Automotive Technology
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• v.5 no.3
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• pp.145-153
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• 2004

Potential fuel economy improvements and environmental legislation have renewed interest in Gasoline Direct Injection (GDI) engines. Computational models of fuel injection and mixing processes pre-ignition are being developed for engine optimisation. These highly transient thermofluid models require verification against temporally and spatially resolved data-sets. The authors have previously established the capability of PDA to provide suitable temporally and spatially resolved spray characteristics such as mean droplet size, velocity components and qualitative mass distribution. This paper utilises this data-set to assess the predictive capability of a numerical model for GDI spray prediction. After a brief description of the two-phase model and discretisation sensitivity, the influence of initial spray conditions is discussed. A minimum of 5 initial global spray characteristics are required to model the downstream spray characteristics adequately under isothermal, atmospheric conditions. Verification of predicted transient spray characteristics such as the hollow-cone, cone collapse, head vortex, stratification and penetration are discussed, and further improvements to modelling GDI sprays proposed.

• Asia-Pacific Journal of Business
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• v.7 no.1
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• pp.1-10
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• 2016

This study attempts to investigate the effects of different types of debts on economic growth in Bangladesh using time series data spanning from 2000 to 2015. In this study, the RDL model has been applied to determine the long run relationship among the selected variables. The result of the ARDL model shows that there exists a long term relationship between economic growth and the debt variables. It was evident from the findings that there exists bidirectional causality between public sector external debt and economic growth. Causality between private external debt and economic growth has been found to be insignificant. However, causality between domestic debt and economic growth showed a unidirectional causality from domestic debt to economic growth and not vice versa. Causality tests suggest that impact of domestic debt on economic growth is more effective compared to external debts.

• Journal of Korean Society of Rural Planning
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• v.17 no.4
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• pp.75-85
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• 2011

To revitalize rural economy and to generate job opportunities in the Korean countryside through the specialized production of high-valued/environment-friendly farm products and the active promotion of green tourism in the farmland-remodelling project sites in 4 main riverside areas, this study developed the regionally differentiated development models of future-oriented agri-business complex. Through two rounds' expert group consulting/checking, related literatures review and similar case-projects benchmarking, a tentative model system was made and corrected, and finally, 6-development types with 24 model complexes proposed.