• Title/Summary/Keyword: present value

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Economic Analysis of pay-Fishing Construction Business (유료 낚시터 조성사업의 경제성 분석)

  • SONG, Jung-Hun;KIM, Do-Hoon
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.4
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    • pp.1092-1098
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    • 2015
  • Fishing population has been increasing with national income improvement and the five-day workweek in Korea. Recently commercial fishing facilities like pay fishing pond are emerging as demand of saltwater fishing increases, unlike the past when inland fishing was prominent. In order to do businesses, economic analysis should be done in advance. This study aimed to make an Economic analysis of Uljin pay-fishing place by estimating the cost and benefit, and calculating the rate of economic return. The results show the Uljin pay-fishing place's net present value of 3.5 billion won, internal rate of return of 14%, and benefit cost ratio of 1.16 at 5.5% social discount rate.

Eulerian-Lagrangian Hybrid Numerical Method for the Longitudinal Dispersion Equation

  • Jun, Kyung-Soo;Lee, Kil-Seong
    • Korean Journal of Hydrosciences
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    • v.5
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    • pp.85-97
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    • 1994
  • A hybrid finite difference method for the longitudinal dispersion equation, which is based on combining the Holly-Preissmann scheme with fifth-degree Hermite interpolating polynomial and the generalized Crank-Nicholson scheme, is described and comparatively evaluated with other characteristics-based numerical methods. Longitudinal dispersion of an instantaneously-loaded pollutant source is simulated, and computational results are compared with the exact solution. The present method is free from wiggles regardless of the Courant number, and exactly reproduces the location of the peak concentration. Overall accuracy of the computation increases for smaller value of the weighting factor, $\theta$of the model. Larger values of $\theta$ overestimates the peak concentration. Smaller Courant number yields better accuracy, in general, but the sensitivity is very low, especially when the value of $\theta$ is small. From comparisons with the hybrid method using cubic interpolating polynomial and with splitoperator methods, the present method shows the best performance in reproducing the exact solution as the advection becomes more dominant.

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A Statistical Study on the Mechanical Properties of Structural Steels (구조용강재의 기계적 성질에 관한 통계적 연구)

  • 장동일;이종득;경갑수;홍성욱
    • Proceedings of the KSR Conference
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    • 1999.11a
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    • pp.471-478
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    • 1999
  • In this study, we have Quantitatively estimated the mechanical properties of SM steels widely used in steel structures after correcting and analyzing the millsheets of the steels. From this result, in present, the mechanical properties of the steels produced in domestics have satisfied the prescribed values in Korean Standards on the whole. The mechanical properties of the steels were dependent of plate thickness and class of the steels. Also, there have been linear relations between the plate thickness and the mechanical properties of the steels. And the results of this study have shown the similar tendencies with the existing results. Because the upper limit value of yield strength are not prescribed in Korean Standards at present, it is necessary to prescribe the upper limit value of yielding ratio(or yield strength) in order to assure the deformation performance of the steels.

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Delamination analysis of multilayered beams with non-linear stress relaxation behavior

  • Victor I., Rizov
    • Coupled systems mechanics
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    • v.11 no.6
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    • pp.543-556
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    • 2022
  • Delamination of multilayered inhomogeneous beam that exhibits non-linear relaxation behavior is analyzed in the present paper. The layers are inhomogeneous in the thickness direction. The dealamination crack is located symmetrically with respect to the mid-span. The relaxation is treated by applying a non-linear stress-straintime constitutive relation. The material properties which are involved in the constitutive relation are distributed continuously along the thickness direction of the layer. The delamination is analyzed by applying the J-integral approach. A time-dependent solution to the J-integral that accounts for the non-linear relaxation behavior is derived. The delamination is studied also in terms of the time-dependent strain energy release rate. The balance of the energy is analyzed in order to obtain a non-linear time-dependent solution to the strain energy release rate. The fact that the strain energy release rate is identical with the J-integral value proves the correctness of the non-linear solutions derived in the present paper. The variation of the J-integral value with time due to the non-linear relaxation behavior is evaluated by applying the solution derived.

Attitudes toward Work and Time Perspective and Their Relationship to Dogmatism in Korean Adolescent Vocational and Non-Vocational Trainees (한국 직업청소년(職業靑少年)과 일반청소년(一般靑少年)의 노동관(勞動觀), 미래관(未來觀) 및 독단주의(獨斷主義)와의 관계 연구)

  • Kim, Kyung Hee
    • Korean Journal of Child Studies
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    • v.5
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    • pp.81-105
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    • 1984
  • The intention of this study was: 1) to standardize the Korean version of the Dogmatism Scale, 2) to examine whether environmental structure affects value systems such as attitudes toward work, time perspective and the personality dimension of dogmatism in adolescent vocational and non-vocational trainees, 3) to examine relationships between those value systems and group differences in personality characteristics of vocational and non-vocational trainees, 4) to observe whether there are differences between high-dogmatism and low-dogmatism subjects with regard to attitudes toward work and future time perspective. The subjects for the study included 841 adolescent vocational (226) and nonvocational (615) from vocational training centers, schools and universities in Seoul. The instruments used in this study were 1) a questionnaire for attitudes toward work, 2) the Future Time Perspective (FTP) developed by Christiansen and 3) the Dogmatism Scale. The results of the present study indicated that behavior settings or environmental variables such as organization type affect the formation of attitudes and of dogmatism in adolescents. The results also showed that dogmatism relates to future time perspectives. This differs from Rokeach's theoretical statements. Dogmatism in this study was related to time perspective, the relationships were optimistic in emotional areas, long-term in direction and concrete in structure. The inconsistency between the results of the present study and Rokeach's suggests further study. A "Psycho-Environmental Model" for the formation of value systems based on the results of this and earlier research of the author were discussed.

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A Study on Economic Evaluation of SNG Project using Real Option Valuation Model (실물옵션을 이용한 SNG 사업투자의 경제성 평가 연구)

  • Kang, Seung Jin;Hong, Jin Pyo
    • Transactions of the Korean hydrogen and new energy society
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    • v.25 no.3
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    • pp.319-335
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    • 2014
  • This study attempts to suggest an economic analysis model for SNG projects, which can reflect the future uncertainty objectively and applies the real option valuation incorporating the flexible investment decision. Based on this analysis model, net present value and internal rate of return were estimated by using preliminary feasibility study report of SNG project. And economic evaluation of SNG project was performed with real option valuation using binomial option model. Through this, the difference of analysis results between the real option valuation model and the discounted cash flow model were compared and the usefulness of the real option valuation model was confirmed. From the actual proof analysis, it is confirmed that the real option valuation model showed higher SNG project value than the discounted cash flow model did. It was confirmed that by applying the real option valuation model, economic analysis can be performed on not only the current straightforward SNG project, but also various future portfolios having options such as expansion, modification, or decommission.

Position Value for Relative Comparison of Healthcare Status of Korea in 2014 (2014 한국의 보건의료의 상대적 위치와 추이: 경제협력개발기구 국가와 비교)

  • Lee, Sang Ah;Park, Eun-Cheol
    • Health Policy and Management
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    • v.27 no.1
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    • pp.88-94
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    • 2017
  • The aim of this study was to investigate the current and trend of healthcare status of South Korea compared to Organization for Economic Cooperation and Development (OECD) countries. We used the position value for relative comparison (PARC) method for measuring the healthcare status of South Korea by five parts of healthcare policy (demand, supply, accessibility, quality, and cost). Additionally, we conducted Mann-Kendall test for analyzing the trend of PARC from 2000 to the present. Demand, supply, accessibility, and quality of healthcare of Korea were located upon the average of OECD countries, and showed an increasing trend from 2000 to the present. However, primary care and screening for cervical cancer were placed at a lower level compared the OECD average. In conclusion, the current state of healthcare in Korea seems to be generally beyond the average among OECD countries. However, some parts, including primary care, need to be improved.

Application of Back-propagation Algorithm for the forecasting of Temperature and Humidity (온도 및 습도의 단기 예측에 있어서 역전파 알고리즘의 적용)

  • Jeong, Hyo-Joon;Hwang, Won-Tae;Suh, Kyung-Suk;Kim, Eun-Han;Han, Moon-Hee
    • Journal of Environmental Impact Assessment
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    • v.12 no.4
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    • pp.271-279
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    • 2003
  • Temperature and humidity forecasting have been performed using artificial neural networks model(ANN). We composed ANN with multi-layer perceptron which is 2 input layers, 2 hidden layers and 1 output layer. Back propagation algorithm was used to train the ANN. 6 nodes and 12 nodes in the middle layers were appropriate to the temperature model for training. And 9 nodes and 6 nodes were also appropriate to the humidity model respectively. 90% of the all data was used learning set, and the extra 10% was used to model verification. In the case of temperature, average temperature before 15 minute and humidity at present constituted input layer, and temperature at present constituted out-layer and humidity model was vice versa. The sensitivity analysis revealed that previous value data contributed to forecasting target value than the other variable. Temperature was pseudo-linearly related to the previous 15 minute average value. We confirmed that ANN with multi-layer perceptron could support pollutant dispersion model by computing meterological data at real time.

Motives for Participating in Sharing Economy: Intentions to Use Car Sharing Services

  • Joo, Jae-Hun
    • Journal of Distribution Science
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    • v.15 no.2
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    • pp.21-26
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    • 2017
  • Purpose - Sharing economy is a promising research topic as a complementary approach for solving difficult issues resulting from market economy. Motive factors for consumer participation in sharing economy are necessary to facilitate the growth of sharing economy. This study analyzes motives for participating in sharing economy using samples from a car sharing service in South Korea. Research design, data, and methodology - Four hypotheses drawn from a new research model integrating the relationships between economic and social value, social value, and the intention to use sharing economy services were proposed. 292 valid samples were collected from Socar users in South Korea. Multiple regression analysis was employed to test the hypotheses. Results - An empirical study identified the importance of convenience and time savings as determinants of intention to use continuously a car sharing service. Cost savings and social value did not significantly influence the intention to use car sharing service. Conclusions - The present study implies that managers working in sharing economy don't have to miss a role of convenience. Although a new finding implies that convenience is an important factor influencing car sharing service, the present study has a limitation of generality that samples are mostly collected from the age range of 20 to 30 years.

The Concept of Ugliness Expressed in Modern Dress -Form the Middle of 1980's to 1994- (현대 복식에 표현된 추의 개념 -1980년대 중반부터 1994년까지를 중심으로-)

  • 안선경;양숙희
    • Journal of the Korean Society of Clothing and Textiles
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    • v.19 no.2
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    • pp.173-189
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    • 1995
  • purpose of this study is to analyze the various phenomenon related to the subjectivism of aesthetic value for dress, which is impossible to describe with only functionalism, practically and objectivism of aesthetic value for dress based on Karl Rosencrantz\ulcorners theory of the Aesthetics of ugliness from the middle of 1980's to present. In other words, the ugliness had been selected and erected as the opposite meaning of beauty to head toward ultimate beauty, and clarify that ultimate beauty is achieved through the combination of beauty is achieved through the combination of beauty and ugliness. First, the ugliness and Rosencrantz\ulcorners theory of the Aesthetics of Ugliness had been examined theoretically in the aspect of the subjectivism of aesthetic value for dress and aesthetic category. The relationship between the artistic styles related to ugliness, such as Avant-garde, Primitivism of Expressionism, Grotesque, Decadence, Kitsch, Pastich\ulcornerParody, from the late 19c to present, and the dresses representing the ugly look such as Cyber Punk, Exotic look, Detester, Grunge, Hip-hop, etc, of 1990's had been studied by using photographic materials. In this study, the basic concepts of ugliness, including formlessness, inaccuracy and deformation, formed by K. Rosencrantz had been used to reveal the interaction between modem costume and the theory of ugliness.

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