• Title/Summary/Keyword: elasticity

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Price Elasticity Response to Gasoline Price Liberalization (휘발유가격 자유화에 따른 가격탄력성의 변화)

  • Kim, Youngduk
    • Environmental and Resource Economics Review
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    • v.11 no.4
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    • pp.525-556
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    • 2002
  • This paper investigates effect of gasoline price liberalization on price elasticity of gasoline demand. By using a model where a consumer optimizes her gasoline consumption and number of visits to gas station, we derive price elasticity of gasoline demand and its response to variation of size and frequency in price changes. It shows that price elasticity is decreased with increase in the size and frequency when the price rises. Since price liberalization increases the frequency but reduces the size, the effect of the liberalization on the price elasticity may not be determined. However, price liberalization can make the elasticity higher when the size reduction effect exceeds the frequency increase effect, which is consistent with empirical evidence provided by existing studies.

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A Time-Series Analysis on the Household Educational Expenditure (가계의 교육비 지출에 관한 시계열 분석)

  • 이성림
    • Journal of the Korean Home Economics Association
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    • v.40 no.7
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    • pp.101-118
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    • 2002
  • This study examined the levels and trends in the household expenditure in both public and private education. Between 1982 and 2000, the level of the total educational expenditure increased by 5% in each year on average, increased by 2.2% for public education, and by 11.4% for private education. On the public educational expenditure, the consumption expenditure elasticity was 0.2 and the price elasticity was 1.49. On the private educational expenditure, the consumption expenditure elasticity was 1.5 and became below 1 after 1998, and the price elasticity was 2.63. The results indicated that the educational expenditure was necessary rather than luxurious and there was excess demand for private education. The level of the educational expenditure would continue to increase without reforms both in the supply and demand sides.

Preparation and Characterization of Stretch Fabric : Shrinkage and Elasticity Properties (신축성사 개발 및 물성평가 : 수축률 및 신축성의 평가)

  • Kang, Ki-Hyuk;Kim, Young-Sung;Son, Young-A
    • Textile Coloration and Finishing
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    • v.22 no.2
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    • pp.173-179
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    • 2010
  • In this study, we determine the stretch and shrinkage properties of conjugated yarns. The shrinkage(%) and elasticity(%) were determined by applying twist conditions of 0, 350, 800, 1000, 1200, 1400, 1600, 2000 T/M (twisting per meter). It is found that the shrinkage(%) and elasticity(%) gradually decreased with increasing T/M. Especially the elasticity(%) dramatically decreased over 1400 T/M condition. In contrast, it is showed that the handle and drapery properties decreased below 1000 T/M, which indicates that the optimal T/M condition could be 1000~1400. The effect of shrinkage(%) and elasticity(%) with different steam setting temperatures (60, 70, 80 and $90^{\circ}C$) was also determined. The shrinkage(%) decreased with increasing setting temperature, while the elasticity not changed. In this context, the optimal steam setting temperature could be $80^{\circ}C$ because it is not easy to weave with the yarns which was set below $80^{\circ}C$. The elasticity(%) decreased with increasing the density of warp and weft. To produce soft handle, excellent drapery and good stretch fabrics, the warp density needs to be reached by 90% of the ideal warp density. In the case of NaOH treatments to the fabrics, the elasticity(%) increased with increasing weight reduction. Therefore, this study have demonstrated that the conjugated yarns with core yarn and the SDY CD(cation dyeable spindraw yarn) as an effect yarn would be appropriate to produce excellent mixture-yarn, which displays clean appearance, good handle and excellent elasticity, The optimized conditions are as follows; 1000~1200 twist per meter, $80^{\circ}C$ steam setting temperature, 90% of ideal warp density and relaxation condition treated with 5g/l NaOH concentration.

Analysis of Air-water Temperature Elasticity Taking into Account the Confidence Interval in Major Tributary of Nakdong River (낙동강 주요 지류의 신뢰구간을 고려한 기온-수온 탄성도 분석)

  • Park, Jaebeom;Kal, Byungseok;Kim, Seongmin
    • Journal of Wetlands Research
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    • v.22 no.3
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    • pp.178-186
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    • 2020
  • In this study, the elasticity was calculated and sensitivity analysis was performed using air-water temperature data of the major tributaries of the Nakdong River. We developed a nonparametric elasticity analysis technique capable of estimating the confidence interval for elasticity and verifying the hypothesis, and examined its applicability compared to the existing method using the median value. It is analyzed that the elasticity of winter is low and the elasticity of summer and autumn is high, so that the fluctuation of water temperature and water quality according to the fluctuation of air temperature is large. The spatial elasticity tends to be low in the Geumho River area, which is influenced by artificial factors such as sewage treatment plant effluent, small and medium-sized livestock wastewater, and small-scale factory wastewater. Since the elasticity of major tributaries of the Nakdong River is over weak and is reasonable at a significance level of 5%, it was analyzed that the air-water temperature fluctuation caused by climate changes is large.

The Effect of Facial Embedding Therapy on Skin Elasticity and Moisture Content (안면 매선요법이 피부 탄력도 및 수분 유지도에 미치는 영향)

  • Lee, Ki-Su;Ko, Min-Kyung;Lee, Jeong-Hwan;Kim, Min-Jung;Hong, Kwon-Eui
    • Journal of Acupuncture Research
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    • v.28 no.5
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    • pp.111-119
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    • 2011
  • Objective : Facial embedding therapy is a korean medical treatment technique for face lifting. The authors aimed to evaluate the effects of embedding therapy on facial skin elasticity and moisture content. This paper was written to provide objective datas about Facial embedding therapy. Results : Mean elasticity of both $ST_3$ increased after facial embedding therapy. skin elasticity of both $ST_3$ showed significant improvement. Mean moisture content of both $ST_3$ increased after facial embedding therapy. skin moisture content of both $ST_3$ showed significant improvement. Conclusion : Mean elasticity and moisture content of both $ST_3$ increased after facial embedding therapy. Facial embedding therapy may be an effictive treatment for improving elasticity and moisture content of skin in clinic.

Reological Studies on Cocoon Filament III. Stretching Strength and Elasticity Index of Cocoon Filament in Stretching Transformation (견사의 탄성적 성질에 관한 연구 III. 신장변형과정에 있어서의 인장강도 및 Elasticity Index에 대하여)

  • 남중희
    • Journal of Sericultural and Entomological Science
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    • v.15 no.1
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    • pp.31-35
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    • 1973
  • Strength, elongation and elasticity are essential properties with regard to the tensile properties of raw silk thread. The reasonable harmony of the above three physical characters appears to be the specific nature of the raw silk thread and the dynamical functions are determined by the cocoon filament forming the raw silk. From such viewpoint, the author has studied the tensile property of the thread when the cocoon filament is stretched and transformed. The results obtained are as follows: 1) The stretching strength of the inner layer filament is stronger than that of the outer and medium layer ones. 2) The stretching strength of the filaments is influenced by the moisture-heat denaturalization of cocoon layer sericin in the drying process. 3) The more transformed functions by the stretching become, the lower the elasticity index of the cocoon filament was shown. 4) When cocoon layer sericin is denatured by moisture and heat, elasticity index of the filament is decreased.

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The Potential Effects of Climate Change on Streamflow in Rivers Basin of Korea Using Rainfall Elasticity

  • Kim, Byung Sik;Hong, Seung Jin;Lee, Hyun Dong
    • Environmental Engineering Research
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    • v.18 no.1
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    • pp.9-20
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    • 2013
  • In this paper, the rainfall elasticity of streamflow was estimated to quantify the effects of climate change on 5 river basins. Rainfall elasticity denotes the sensitivity of annual streamflow for the variations of potential annual rainfall. This is a simple, useful method that evaluates how the balance of a water cycle on river basins changes due to long-term climate change and offers information to manage water resources and environment systems. The elasticity method was first used by Schaake in 1990 and is commonly used in the United States and Australia. A semi-distributed hydrological model (SLURP, semi-distributed land use-based runoff processes) was used to simulate the variations of area streamflow, and potential evapotranspiration. A nonparametric method was then used to estimate the rainfall elasticity on five river basins of Korea. In addition, the A2 (SRES IPCC AR4, Special Report on Emission Scenarios IPCC Fourth Assessment Report) climate change scenario and stochastic downscaling technique were used to create a high-resolution weather change scenario in river basins, and the effects of climate change on the rainfall elasticity of each basin were then analyzed.

Nondestructive Evaluation of Strength Performance for Heat-Treated Wood Using Impact Hammer & Transducer

  • Won, Kyung-Rok;Chong, Song-Ho;Hong, Nam-Euy;Kang, Sang-Uk;Byeon, Hee-Seop
    • Journal of the Korean Wood Science and Technology
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    • v.41 no.5
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    • pp.466-473
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    • 2013
  • Nondestructive evaluation (NDE) technique method using a resonance frequency mode was carried out for heat-treated wood under different conditions. The effect of heat treatment on the bending strength and NDE technique using the resonance frequency by impact hammer and force transducer mode for Korean paulownia, Pinus densiflora, Lidiodendron tulipifera and Betula costata were measured. The heat treatment temperature has been investigated at $175^{\circ}C$ and $200^{\circ}C$, respectively. There were a close relationship of dynamic modulus of elasticity and static bending modulus of elasticity to MOR. In all conditions, It was found that there were a high correlation at 1% level between dynamic modulus of elasticity and MOR, and static modulus of elasticity and MOR. However, the result indicated that correlation coefficient is higher in dynamic modulus of elasticity to MOR than that in static modulus of elasticity to MOR. Therefore, the dynamic modulus of elasticity using resonance frequency by impact hammer mode is more useful as a nondestructive evaluation method for predicting the MOR of heat-treated wood under different temperature and species conditions.

The Analysis of Load Management Effect in Shor-Term Generation Expansion Planning (단기 전력우급계획에서의 부하관리 효과 분석연구)

  • 김준현;정도영
    • The Transactions of the Korean Institute of Electrical Engineers
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    • v.41 no.9
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    • pp.994-1002
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    • 1992
  • With regard to price elasticity and cross elasticity of electricity, optimal generation expansion planning method including load management effect is suggested. In addition, optimal peak time price can be determined simultaneously, and we adopt peak time tariff as load management strategy. Instead of using hourly marginal demand curves where we can get customer surplus, we used chronological load curve with constraints to preserve social welfare. This method is proved useful in short-term generation expansion planning.

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Elasticities in Electricity Demand for Industrial Sector (산업용 전력수요의 탄력성 분석)

  • Na, In Gang;Seo, Jung Hwan
    • Environmental and Resource Economics Review
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    • v.9 no.2
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    • pp.333-347
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    • 2000
  • We employed various econometic methods to estimate the production index elasticity and the price elasticity of elecricity demand in Korea and compared the forecasting power of those methods. Cointegration models (ADL model, Engle-Granger model, Full Informtion Maximum Likelihood method by Johansen and Juselius) and Dynamic OLS by Stock and Watson were considered. The forecasting power test shows that Dynamic OLS has the best forecasting power. According to Dynamic OLS, the production index elasticity and the price elasticity of electricity demand in Korea are 0.13 and -0.40, respectively.

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