| Title |
A Study on the Analysis of Apartment Price affected by Urban Infrastructure System - Electricity Substation |
| Authors |
Hwang, Sungduk ; Jeong, Moonoh ; Lee, Sangyoub |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2015.16.1.074 |
| Keywords |
Urban Infrastructure System ; Electricity Substation ; Hedonic Price Function ; ANNs ; Housing price |
| Abstract |
As one of urban infrastructure system, the electricity substation is critical for urban life and industrial activity as the electricity demands get higher than ever. However the substation is generally regarded as unpleasant or dangerous facility, which finally results in the continuous opposition movement by resident due to the belief of unidentified negative effect in apartment prices. Accordingly, as the scientifically objective and quantitative analysis is required to solve the social conflict, this study intends to examine the variation affected by urban infrastructure system, expecially for substation. After the independent variable defining the price of apartment and the dependent variable, which is apartment price, are identified and their spatial data has been filed, the forecasting model has been developed through the hedonic price function as well as artificial neural networks system. The research finding indicated that the spatial range affected by substation is not notable and the range of some case was applicable for less than 600m. It is expected that these research findings can be applied for establishing the one of solid cases for the analysis of economical effect to local housing market by the urban infrastructure system. |