• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.18 no.11
• /
• pp.479-485
• /
• 2017

This study estimated the non-use values of the Gum river estuary which are not related to the direct or indirect use of the Gum river estuary using the contingent valuation method (CVM). The non-use values of the Gum river estuary were explained and asked to be evaluated in the CVM questionnaire and estimates of the WTPs(willingness-to-pay) were elicited using the Turnbull nonparametric estimation methods on the dichotomous choice CV data. Results found the Turnbull lower bounded mean WTP per year for non-use value of the Gum river estuary was estimated at 5,822 won (95% C.I. 5,295 ~ 6,349 won) from single dichotomous CV data, and 6,205 won (95% C.I. 5,701 ~ 6,710 won) from double dichotomous CV data. The mean of two WTP estimates, 6,014 won (95% C.I. 5,498 ~ 6,529 won), was used to calculate the annual total non-use value of the Gum river estuary. Therefore, the non-use value of the Gum river estuary was estimated at 220.3 billion won (95% C.I. 201.4 - 239.2 billion won) annually. This non-use value of the Gum river estuary was composed of the bequest value totaling 68.3 billion won (95% C.I. 62.5 - 74.2 billion won), the existence value of 58.0 billion won (95% C.I. 53.0 - 63.0 billion won), the option value of 57.7 billion won (95% C.I. 52.7 - 62.6 billion won), and the vicarious consumption value totaling 36.3 billion won (95% C.I. 33.1 - 39.4 billion won).

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.33 no.3
• /
• pp.1153-1163
• /
• 2013

Bonded concrete overlay is a favorable maintenance method since the material properties are similar to existing concrete pavements. In addition, bonded concrete overlay has advantage of structural performance based on being bonded together, both for the overlay layer and the existing pavement which perform as one monolithic layer. Therefore, it is important to have a suitable bond strength criteria for long term performance of bonded concrete overlay. This study aimed to investigate the affecting of bond strength on various bond characteristics, and to compare the bond strength between direct tensile test and indirect tensile test due to various conditions such as overlay materials, compressive and flexure strength of existing pavement, and deterioration status of existing pavement. As a result of this study, bond strength occurred by both of direct and indirect tensile test due to monotonic load is highly correlated such as coefficient of determination of 0.75 and P-value of 0.002. However, bond strength by indirect tensile test was relatively higher than bond strength by direct tensile test. It was known that correlation between direct and indirect tensile test was possible to use the characteristics analysis of bond fatigue behavior based on bond strength due to cyclic load which can simulate real field behavior of bonded concrete overlay.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.4
• /
• pp.391-402
• /
• 2021

This study aims to analyze the impact of the company's financial performance in mediating the relationship between Intellectual Capital and GCG on Corporate Value in banking companies listed on the Indonesia Stock Exchange (IDX). Also, this study analyzes the direct effect of intellectual capital and GCG on corporate value and the indirect effect through the company's financial performance. This study develops research of Chen et al. (2005) and measures Intellectual Capital with VAIC (Pulic, 1998). VAIC model is more accurate to measure Intellectual Capital because it can show potential intellectual use efficiently. The data used are banking companies listed on the IDX in 2014-2016 with purposive sampling technique and Data Analysis Technique used are path analysis. The results showed that the financial performance of banking companies was proven to mediate the relationship between intellectual capital and GCG. The role of GCG that can improve financial performance and corporate value is only GCG as measured by the ratio of independent commissioners and audit quality. Meanwhile, the financial performance and corporate value audited by the Big 4 will be greater than the financial performance and corporate value of the banking companies listed on the Indonesia Stock Exchange that are not audited by the Big 4.

• Environmental Analysis Health and Toxicology
• /
• v.30 no.sup
• /
• pp.6.1-6.4
• /
• 2015

Objectives This study is conducted to estimate the cost paid by the public suffering from disease possibly caused by chemical and to examine the effect on public health. Methods Cost-benefit analysis is an important factor in analysis and decision-making and is an important policy decision tool in many countries. Cost-of-illness (COI), a kind of scale-based analysis method, estimates the potential value lost as a result of illness as a monetary unit and calculates the cost in terms of direct, indirect and psychological costs. This study estimates direct medical costs, transportation fees for hospitalization and outpatient treatment, and nursing fees through a number of patients suffering from disease caused by chemicals in order to analyze COI, taking into account the cost of productivity loss as an indirect cost. Results The total yearly cost of the diseases studied in 2012 is calculated as 77 million Korean won (KRW) per person. The direct and indirect costs being 52 million KRW and 23 million KRW, respectively. Within the total cost of illness, mental and behavioral disability costs amounted to 16 million KRW, relevant blood immunological parameters costs were 7.4 million KRW, and disease of the nervous system costs were 6.7 million KRW. Conclusions This study reports on a survey conducted by experts regarding diseases possibly caused by chemicals and estimates the cost for the general public. The results can be used to formulate a basic report for a social-economic evaluation of the permitted use of chemicals and limits of usage.

• Journal of Environmental Impact Assessment
• /
• v.20 no.5
• /
• pp.615-625
• /
• 2011

As United Nation (UN) declared 2010 to be the International Year of Biodiversity, the biodiversity issue has gained much attention since the issue of climate changes. Also, related researches for protecting and conserving the biodiversity are accompanied in the world. In this study, National Ecology Information is obtained from Ministry of Environment and Korea Forest Service and is utilized to valuate biodiversity and ecosystem services in Pyeongchang, Kangwon-do in Korea. For this, they are categorized into direct- or indirect-use value and nonuse value. Research results show that the biodiversity and ecosystem services in Pyeongchang are assessed as 2 trillion and 460 billion won. From this research, we evaluate the economic value of biodiversity and ecosystem services, and also suggest the possibility to utilize them as basic information for a decision making to establish the biodiversity protection plan.

• International Journal of Highway Engineering
• /
• v.15 no.2
• /
• pp.113-119
• /
• 2013

PURPOSES : The objectives of this study are to develop the eco-friendly pavement material using polyurethane binder and evaluate mechanical properties of the developed binder and concrete. METHODS : The bending beam test was conducted to select the sample candidates of polyurethane binder based on the bending strength. The characteristics of viscosity, curing time, and temperature change of sample binder was examined on different temperature conditions. The mechanical properties of polyurethane binder was estimated using the dynamic modulus testing. The indirect tensile strength test was conducted on polyurethane binder concrete with different gradation and binder content for evaluating the mechanical properties of concretes. RESULTS : Based on the beading beam test, four different binder samples were prepared for estimate the mechanical properties. The viscosity of polyurethane binder tends to increase with increase of liquid temperature and the hardening phenomenon begins 10 to 15 minutes at room temperature after mixing the resin and hardener. It is observed that the dynamic modulus of binder increases as loading frequency increases and change of modulus is found to be the highest in the PU-2I binder type. The PU-2I binder concretes shows the largest value of indirect tensile strength and indirect tensile energy. CONCLUSIONS : The use of polyurethane binder as pavement materials is capable of increasing the pavement performance and reducing the detrimental environmental effect during the highway construction.

• Progress in Medical Physics
• /
• v.21 no.3
• /
• pp.239-245
• /
• 2010

The purpose of this study is to comprehensively compare and evaluate the characteristics of image quality for digital mammography systems which use a direct and indirect conversion detector. Three key metrics of image quality were evaluated for the direct and indirect conversion detector, the modulation transfer function (MTF), normalized noise power spectrum (NNPS), and detective quantum efficiency (DQE), which describe the resolution, noise, and signal to noise performance, respectively. DQE was calculated by using a edge phantom for MTF determination according to IEC 62220-1-2 regulation. The contrast to noise ratio (CNR) was evaluated according to guidelines offered by the Korean Institute for Accreditation of Medical Image (KIAMI). As a result, the higher MTF and DQE was measured with direct conversion detector compared to indirect conversion detector all over spatial frequency. When the average glandular dose (AGD) was the same, direct conversion detector showed higher CNR value. The direct conversion detector which has higher DQE value all over spatial frequency would provide the potential benefits for both improved image quality and lower patient dose in digital mammography system.

• Journal of the Economic Geographical Society of Korea
• /
• v.12 no.4
• /
• pp.702-717
• /
• 2009

This study estimates the willingness-to-pay(WTP) for conserving Sindu coastal sand dune and asset value of Sindu coastal sand dune by means of contingent valuation method. CV market scenario is designed to elicitate his/her WTP considering use value and nonuse value of Sindu coastal sand dune. The yearly WTP for Sindu coastal sand dune is 3,059 won(95% C.I. 2,591~3,612 won) in the case of a househodl, therefore amounts to 44 billion won(95% C.I. 37~52 billion won) for the whole nation. We estimate the asset value of Sindu coastal sand dune by 7.5% discount rate to be 587 billion won with 95% confidence interval of 497 to 693 billion won. The direct use value which has accounted for 13.4% is 79 billion won(95% C.I. 67~93 billion won), and the indirect use value which has accounted for 30.2% amounts to 177 billion won(95% C.I. 150~209 billion won), and the option value which has accounted for 19.4% is 114 billion won(95% C.I. 97~135 billion won), and the conservation value which has accounted for 37.0% amounts to 217 billion won(95% C.I. 184~256 billion won).

• Korean Journal of Veterinary Research
• /
• v.32 no.3
• /
• pp.377-380
• /
• 1992

The value of the cell enzyme-linked immunosorbent assay as a possible replacement for the indirect immunofluorescence antibody test for the estimation of antibodies against BD virus was assessed in four animal models. The serum antibody response was measured by both assay systems;the variability of both tests was less than one diluent step, and correlation of the two tests was assessed using regression analysis. The study showed that the all four animal models gave satisfactory correlation of CELISA and IFA. There, CELISA is acceptable for use in mouse, rabbit, chicken and rat models.

• Magazine of the Korean Society of Agricultural Engineers
• /
• v.42
• /
• pp.85-91
• /
• 2000

Dwindling supplies and increasing costs of conventional highway materials used in road construction as well as concerns over shrinking landfill spaces prompt researchers to investigate the use of waste products, such as fly ash, as substitute materials in highway construction. The highway industry is capable of utilizing waste materials in large quantities if their effect on pavement performance proves to be technically, economically and environmentally satisfactory. This research examines the effects of fly ash when used as partial replacement of aggregate in asphaltic concrete mixtures. And measuring the effect of fly ash on bulk specific gravity, air void, indirect tensile strength (ITS) under dry and wet conditioning as well as the tensile strength ratio (TSR) of asphaltic concrete mixture. The results indicated that asphaltic concrete mixtures containing 2% and 5% fly ash produced about the same TSR value as control mixture. And all of the mixtures met the minimum ITS and TSR requirements established by the South Carolina Department of Transportation (SC DOT) for Type 1A surface courses. At this point and with this limited study, these asphaltic concrete mixtures is recommended in several applications such as parking lot, secondary roads and driveways.