• Journal of the Korean Society for Railway
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• v.11 no.3
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• pp.263-271
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• 2008

This article considers how the rail track charges of the advanced countries are performed and derived political implication to Korail. In case of North America and Japan, rail track charges are being decided to collect the infrastructure maintenance cost. In European countries, the separation of infrastructure and operation is realized and the railroad track charges are based on MC+ principle. On the other hand, Korail is paying construction cost of KTX as well as maintenance cost in Korea. As for this, railroad reform including rail track charging should be reconsidered.

• KSII Transactions on Internet and Information Systems (TIIS)
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• v.6 no.12
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• pp.3366-3383
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• 2012

Reliance on the Internet has introduced Voice over Internet Protocol (VoIP) to various security threats. A reliable security protocol and an authentication scheme are thus required to prevent the aforementioned threats. However, an authentication scheme often demands additional cost and effort. Accordingly, a security framework for known participants in VoIP communication is proposed in this paper. The framework is known as Randomness-Optimized Self-Securing (ROSS), which performs authentication automatically throughout the session by optimizing the uniqueness and randomness of the communication itself. Elliptic Curve Diffie-Hellman (ECDH) key exchange and Salsa20 stream cipher are utilized in the framework correspondingly to secure the key agreement and the communication with low computational cost. Human intelligence supports ROSS authentication process to ensure participant authenticity and communication regularity. The results show that with marginal overhead, the proposed framework is able to secure VoIP communication by performing reliable authentication.

• Proceedings of the KIEE Conference
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• 2000.11a
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• pp.20-22
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• 2000

The transmission networks are not perfect conductors and a percentage of the power generated is therefore lost before it reaches the loads. This network loss contributes to the cost of suppling power to consumers, and must be considered if the most efficient dispatch and location of generators and loads is to be achieved. In this paper, we propose an approximate calculation of marginal loss factors to analyze characteristics of regional transmission loss. These static marginal loss factors are approximately calculated based on the KEPCO's expected summer peak load data of year 2000.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.54 no.10
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• pp.500-506
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• 2005

With the advent of electric power systems moving to a deregulated retail electricity market environment, calculating distribution service tariffs has become a challenging theme for distribution industries and tariff regulators. As distribution business remains as a monopoly, it is necessary to be regulated. And as multiple distribution companies compete with each other, it would be efficient to adopt competition to the determination of distribution service tariffs. This paper proposes a method to calculate distribution service tariffs using yardstick regulation, which can lead to competition among multiple distribution companies. The proposed method takes into account not only recovering revenue requirements but also the advantages of the yardstick regulation based on long-term marginal costs of distribution network expansion algorithms. A computer simulation is carried out to illustrate effectiveness of the proposed method and it is estimated that the algorithm can be applied to compute the distribution service tariffs under retail electricity markets.

• Journal of the Korean Regional Science Association
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• v.14 no.2
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• pp.51-64
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• 1998

This paper investigates how the factor inputs of firms are affected by the expectation about land-price increase in the future. We develope a two-factor (land and labor) model, in which expectation about land-price increase plays a key role in determining the "optimal" input level of labor and land. Expecting capital gains from input of the land when land price increases, firms input land up to the point where the marginal productivity of land falls short of the marginal cost of purchasing the land, in order to maximize the "joint-profit". That is, firms have an incentive to use more land than they do when capital gains are not expected. We mean joint-profit by profit in the standard sense plus capital gains. Once the land is input "excessively", the productivity of labor increase and labor is also input more, since land and labor are assumed as complementary in production. This mechanism works in the opposite direction when land price decrease. This paper suggests that land price fluctuation is a major destabilizer of an economy.or destabilizer of an economy.

• Structural Engineering and Mechanics
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• v.31 no.1
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• pp.11-24
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• 2009

In China, the oil and natural gas resources of Bohai Bay are mainly marginal oil fields. It is necessary to build both ice-resistant and economical offshore platforms. However, risk is involved in the design, construction, utilization, maintenance of offshore platforms as uncertain events may occur within the life-cycle of a platform under the extreme ice load. In this study, the optimum design model of the expected life-cycle cost for ice-resistant platforms based on cost-effectiveness criterion is proposed. Multiple performance demands of the structure, facilities and crew members, associated with the failure assessment criteria and evaluation functions of costs of construction, consequences of structural failure modes including damage, revenue loss, death and injury as well as discounting cost over time are considered. An efficient approximate method of the global reliability analysis for the offshore platforms is provided, which converts the implicit nonlinear performance function in the conventional reliability analysis to linear explicit one. The proposed life-cycle optimum design formula are applied to a typical ice-resistant platform in Bohai Bay, and the results demonstrate that the life-cycle cost-effective optimum design model is more rational compared to the conventional design.

• Environmental and Resource Economics Review
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• v.22 no.3
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• pp.499-520
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• 2013

This study proposes an iterative approach to the estimation of the marginal abatement costs of undesirable outputs by computing the slope of the efficient production possibilities frontier on the basis of the efficient projection points generated by the directional output distance function approach due to Fare et al. (2005) based on duality theory. In case of the latter methodology, the estimated marginal abatement costs differ significantly depending on the choice of the directional output vector. In addition, depending on the curvature of the underlying PPF the efficient projection points may be located at a significant distance away from their actually observed counterparts. While it would be more logical to estimate marginal abatement costs as a PPF slope at a point corresponding to the actually observed emissions level, the methodology based on duality theory is likely to produce unstable results due to the problems associated with applying the theorem of implicit function differentiation. Since our methodology is not based on duality theory, our results are immune to both of these problems. We apply our methodology to a sample of Western European countries for the period of 1995-2011 to illustrate our approach.

• Environmental and Resource Economics Review
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• v.27 no.3
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• pp.399-420
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• 2018

This study has attempted environmental economic analysis on the cost structure of offshore fisheries based on fishery management data published by the Fisheries Research Institute to examine the effect of the environmental policy on the fisheries for the effective implementation of the Paris Convention. Under the assumption that both fisheries and carbon dioxide are simultaneously produced, the cost structure of offshore fisheries were analyzed. Cost function in a translog form was estimated and SUR (Seemingly Unrelated Regression) model was used for the analysis. Here, $CO_2$ emission of offshore fishery was calculated by using National Federation of Fisheries Cooperatives' data on supply of tax exemption oil (2003~2016). The cost function estimation showed that there is a weak disposition between catches and $CO_2$ emissions during the sample period, and the marginal abatement cost (MAC) is estimated at 1,457 won per year. In addition, for the same period, when 1% of $CO_2$ per horsepower is to be reduced MAC increases by 2.2%, and when 1% of $CO_2$ per 1 ton of catch is to be reduced, MAC increases by 1.4%.

• Journal of Climate Change Research
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• v.8 no.3
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• pp.213-220
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• 2017

The purpose of this study is to analyze effects of Greenhouse Gas (GHG) emission reduction in district energy business mainly based on Combined Heat and Power (CHP) plants. Firstly this paper compares the actual carbon intensity of power production between conventional power plants and district energy plants. To allocate the GHG from CHP plants, two of different methods which were Alternative Generation Method and Power Bonus Method, have been investigated. The carbon intensity of power production in district energy plants ($0.43tonCO_2e/MWh$) was relatively lower than conventional gas-fired power plants ($0.52tonCO_2e/MWh$). Secondly we assessed the cost effectiveness of reduction by district energy sector compared to the other means using TIMES model method. We find that GHG marginal abatement cost of 'expand CHP' scenario (-$134/ton$CO_2$) is even below than renewable energy scenario such as photovoltaic power generation ($87/ton$CO_2$). Finally the GHG emission reduction potential was reviewed on the projected GHG emission emitted when the same amount of energy produced in combination of conventional power plants and individual boilers as substitution of district energy. It showed there were 10.1~41.8% of GHG emission reduction potential in district energy compared to the combination of conventional power plants and individual boilers.

• Journal of The Korean Society of Agricultural Engineers
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• v.48 no.6
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• pp.31-41
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• 2006

The analysis used in this work was cost-benefit analysis method. All future costs and returns of a given mushroom house were discounted to the time of initial investment (present) by means of 3.5% discount rate. Then the cost of ownership was compared to the return from the system. This analysis method has been developed and coded into a balance sheet for use on a EXCEL program. Using this programmed analysis,a large number of the case studies were examined using different combinations of economic conditions. These results will be very useful to individuals considering investment in a mushroom house, or any similar production system. By the way of the sensitivity analysis for each important parameter, the change of the marginal cost-benefit period could be finally determined. These parameters were typically construction cost of mushroom house, cost of cooling system, required cooling and heating energy amounts, unit price of mushroom media bottle, growing number of media bottles, production weight per unit bottle, sale price of mushroom, and annual number of growing period, etc.