• 한국지능시스템학회논문지
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• 제24권4호
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• pp.379-384
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• 2014

이 논문은 불완전 경쟁시장의 형태를 가지고 있는 전력시장과 탄소배출권시장에서 수익 극대화를 추구하는 발전회사의 전략적 입찰행위를 분석하는데 사용할 수 있는 쿠르노(Cournot) 기반의 전력시장 모델링 기법을 제안한다. 제안된 전력시장의 모델은 크게 두 부분으로 구성되어있다. 첫 번째 모델은 쿠르노 모델을 이용한 발전회사의 전략적 행위에 대한 모델이며, 두 번째 모델은 환경적 후생을 고려하여 전체 사회적 후생을 극대화하기 위한 시장운영자에 대한 모델이다. 두 모델의 결합을 통하여 배출권 거래를 고려한 전력시장의 모델이 구성되었으며, 이에 대한 내쉬균형점(Nash Equilibrium)을 계산하기 위하여 2단계 최적화 기법(Two-level optimization)을 사용하였다. 제안된 모델을 3개의 발전회사가 존재하는 샘플 전력시장에 적용하여 그 효용성을 검토하였다.

• 한국산학기술학회논문지
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• 제19권7호
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• pp.415-422
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• 2018

Lycorma delicatula는 꽃매미로 알려져 있으며, 베트남, 인도, 남중국과 같은 동남아시아의 토착 해충이다. 꽃매미는 한국에 유입되어 최근 몇 년간 급속히 퍼져 특히 과일 나무에 피해를 입히고 있다. 본 연구의 목적은 Lycorma delicatula의 사례를 이용하여 미발생 병해충 영향 분석을 위한 연구방법과 추정 결과를 제시하는 것이다. 본 연구에서는 Lycorma delicatula 발생으로 인한 농가의 직접소득감소를 측정하기 위해 부분예산(partial budget) 방법을 사용하였고, 해충 발생으로 인한 사회후생 변화를 조사하기 위해 부분균형(partial equilibrium) 모형을 사용하였다. 또한 병해충 발생 적합도를 고려한 다양한 기후 시나리오 하에서 Lycorma delicatula 발생 위험이 농가소득에 미치는 영향을 추정하였다. 기후변화가 지속됨에 따라 국내 생태계는 점점 돌발 외래 병해충에 취약해질 것으로 예상되며, 이에 따른 경제적 피해는 더욱 증가할 것으로 전망된다. 나아가 이 연구는 향후 국가 해충 방제 및 검역 시스템의 효율성 평가의 기반이 될 수 있을 것으로 기대된다.

• Asia pacific journal of information systems
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• 제23권2호
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• pp.67-86
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• 2013

This study first provides a stylized model that captures the essential features of the SC (Social Commerce) business and the competition process. The model focuses on the relationship between key decision issues such as marketing inputs and market value. As more SCs join the industry, they are inevitably faced with fierce competition, which may lead to sharp increase in the total marketing and advertising expenditure. This type of competition may lead the industry away from its optimal development path, and at worst, toward a disruption of the entire industry ecosystem. Such being the case, another goal of this study is to examine the possibility that the ToC (Tragedy of the Commons) may occur in the SC industry. We build game models, each of which assumes homogeneity and heterogeneity of SC providers, respectively, and derive explicit equilibrium solutions from both models. Our basic analysis presents Nash equilibria in both models and shows that SC providers are inevitably faced with fierce competition, which may lead to sharp increase in the total marketing expenses. We also compare the game outcomes with one with a hypothetical social planner who determines the total marketing level that optimizes the entire market value. Then, ToC can be defined to describe the situation where the total marketing efforts exceed the socially optimal level of marketing efforts. In both models, we examine the possibility of the ecosystem disruption and specify the conditions under which ToC may occur. However, the chance of avoiding ToC is higher with heterogeneous players than with homogeneous players. To supplement our analytical results, we develop a simulation model which incorporates a market dynamics based on the gap between actual marketing efforts and socially optimal marketing level. Simulation experiments present some lessons and insights which also confirm out findings from equilibrium analysis. For example, heterogeneity in SC providers alleviates the severity of ToC and makes it faster for survivors to escape from the ToC trap. As a result, the degree of industrial concentration tends to increase, which also explains the 'rich-get-richer' phenomenon observed in some empirical studies on the SC industry. Lastly, based on our analytical and experimental results, we come up with some measures to avoid ToC and overcome the shortcomings intrinsic to the current business model. And further discussions provide strategic implications and policy directions to overcome the possible trap of ToC in this ecosystem, and eventually help the industry to sustainably develop itself toward the next level. To name a few examples of policy measures, regulations on the marketing activities so that the overall marketing expenses cannot go beyond the socially optimal level; institutional guidelines and rules to straightening up the distortions in the way that SC providers view the marketing costs (the current marketing costs are underestimated, thereby encouraging SC providers to increase marketing expenditure); and so on.

• 상하수도학회지
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• 제10권3호
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• pp.100-114
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• 1996

Besides insufficient water, water contamination confronts us with 'water crises' of both quantity and quality. However, the daily water consumption per capita of Korea is greater than that of other developed countries. Because of the current low water price, which is lower than a half of production cost, not only does it become difficult to cope promptly with rapidly increasing water demand and water contamination, but it also causes waste of water. We should, therefore, switch over from supply side management-oriented policy to demand side management-oriented policy through a raise of the water rate. This study carries out a cost analysis based on fair return method which is the principle of water pricing in Korea, and it estimates, through equilibrium analysis, long run marginal cost(LRMC), which satisfies allocative efficiency and reflects true social cost to additional one-unit water supply. Based on the results, this study proposes that the estimated LRMC is the optimal price level in water pricing, which is the most important of the demand side management policies. In the end, water conservation effect, price pervasive effect, and social welfare effect are analyzed.

• The Journal of Asian Finance, Economics and Business
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• 제7권1호
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• pp.37-46
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• 2020

The paper examines the dynamic relationship of domestic credit and stock market liquidity on the economic growth of the Philippines from 1995 to 2018 applying the autoregressive distributed lag (ARDL) bounds testing approach to cointegration, together with Granger causality test based on vector error correction model (VECM). The ARDL model indicated a long-run relationship of domestic credit and stock market liquidity on GDP growth. When the GDP per capita is the dependent variable there is weak cointegration. Also, the Johansen cointegration test confirmed the existence of long-run relationship of domestic credit and stock market liquidity both on GDP growth and GDP per capita. The VECM concludes a long-run causality running from domestic credit and stock market liquidity to GDP growth. At levels, domestic credit has significant short-run causal relationship with GDP growth. As for stock market liquidity at first lag, has significant short-run causal relationship with GDP growth. With regards to VECM for GDP per capita, domestic credit and stock market liquidity indicates no significant dynamic adjustment to a new equilibrium if a disturbance occurs in the whole system. At levels, the results indicated the presence of short-run causality from stock market liquidity and GDP per capita. The CUSUMSQ plot complements the findings of the CUSUM plot that the estimated models for GDP growth and GDP per capita were stable.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.31-38
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• 2021

This study contributes to the existing literature and tries to analyze the validity of the Fisher hypothesis in the Philippines. Using monthly data from January 1995 to December 2020, the empirical analysis used the Engle-Granger and Johansen cointegration testing technique. The correlation coefficient suggests a strong positive association. All things being equal, a rise in inflation leads to a rise in the nominal interest rate. The unit-root tests show that inflation and the nominal interest rate are both stationary. Based on both Engle-Granger and cointegrating regression Durbin-Watson tests, the nominal interest rate and inflation are cointegrated. Likewise, the results from Johansen cointegration indicate that there exists a long-run relationship between the variables. However, we rejected a one-to-one relationship between nominal interest rate and inflation. The error correction term coefficient (ECM) shows that it is statistically significant suggesting that the nominal interest rate adjusts to the inflation rate with a lag. The Pair-wise Granger Causality test reported a bi-directional causal relationship between nominal interest rate and inflation. Inflation targeting has been the monetary policy framework of choice for most central banks. In essence, the conclusions of this study are useful to central banks because they help them better comprehend the long-run equilibrium relationship between the nominal interest rate and inflation.

• 한국지반공학회:학술대회논문집
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• 한국지반공학회 1999년도 봄 학술발표회 논문집
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• pp.521-528
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• 1999

As the size of our industry and population inclose, the byproducts such as municipal solid wastes, industrial wastes are in the increasing phase. The treatment of such things is rising as a social problem. Today, the final disposal of these wastes depends mostly on the landfill, and the sanitary landfill is required and designed for preventing soil and groundwater contamination. Clays have been used for a liner material of a sanitary landfill, however, the high quality clay is hard to come by and quite expensive as a lining material in our country. Using the waste lime produced abundantly every year from chemical processes was studied here, made from the proper mixing of the bentonite and the waste lime meets the regulations from the USEPA. The soil property index tests (sieve analysis, specific gravity test Atterberg limit test) were performed, and at last to confirm the sorption characteristics of the bentonite and the waste lime the sorption isotherm equilibrium test and the sorption isotherm were performed with Toluene and Ethylbenzene which are the main components of the leachate from the landfill.

• 의료ㆍ복지 건축 : 한국의료복지건축학회 논문집
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• 제11권2호
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• pp.7-16
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• 2005

Recently, as the population of the elderly rapidly increases, the number of the special care facility for the elderly is a big social issue. Especially, special care facilities(nursing home, skilled nursing home, etc) for the elderly in Seoul are insufficient now. So this study quantitatively estimates nursing home beds needed in seoul in 2007, 2012 and 2017, and proposes an allocation of these facilities in Seoul. This study is to clarify problems in supply of long-term care facilities and present a solution for them. The main outcome of this study can be summarized into three parts; first, as architectural planning and supply estimation of long term care facility, an aged population of cities and countries in Seoul should be considered. Second, when the allocation of long term care facility in Seoul, the type of facilities, regional equilibrium etc. should be considered. Third, nursing home and residential care home are linked with the other area.

• 보건행정학회지
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• 제7권1호
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• pp.1-31
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• 1997

In many people's minds, health promotion is simply a more modern term covering roughly the same field as disease prevention or life style related reduction of the risk factors of chronic disease. A review of the modern literature of health promotion make it clear that there is more to this term than what is involved in functioning as a synonym for disease prevention. Therefore, in order to reach a clear understanding of what health promotion is, this study suggest the concept of the health balance model. Health balance is represented in terms of an equilibrium between physical, social, and life-style-related health challenges on the one hand and health potential on the other hand. Thus, health promotion strategies encompasses both the reduction of health challenges and the strengthening of health potential. Many elements of reducing health challenge are mainly related to the regulation laws. Aspects of strengthening of health potential are related to activities of health center. Therefore, health promotion strategies at a community level should be included in regional health planning which is implemented by health center.

• 한국경영과학회지
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• 제21권1호
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• pp.51-69
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• 1996

We consider a consumer self-selection model in which a regulated firm faces two market segments with differing valuation of quality of telecommunication services and examine some economic implications from the behaviors of the firm. In the context of a regulated monopolist, even though the results depend on the degree of privatization, the firm could lower the quality of the low-end model and reduce the price of the high-end in order to alleviate cannibalization. This justifies the provision of universal service policy in the telecommunications market. Based on this self-selection model, we also analyze an extended model of product introduction and show that the monopolist will introduce new product with the same introduction time of social planner. However, when we consider competition among firms, the market equilibrium may not guarantee the efficient time of product introduction.