Korean Journal of Construction Engineering and Management (한국건설관리학회논문집)

Korea Institute of Construction Engineering and Management (한국건설관리학회)
권호 표지
DOI QR코드

DOI QR Code

Technology Valuation Evaluation Model of Decision Making System using Income Approach for Commercialization in LNG Plant Construction

수익접근법을 활용한 LNG 플랜트공사의 의사결정지원시스템 기술가치 평가

  • Park, Hwan Pyo (Construction Management & Economy Research Division, Korea Institute of Civil Engineering and Building Technology) ;
  • Han, Jae Goo (Construction Management & Economy Research Division, Korea Institute of Civil Engineering and Building Technology) ;
  • Chin, Kyung Ho (Construction Management & Economy Research Division, Korea Institute of Civil Engineering and Building Technology)
  • 박환표 (한국건설기술연구원 건설관리경제연구실) ;
  • 한재구 (한국건설기술연구원 건설관리경제연구실) ;
  • 진경호 (한국건설기술연구원 건설관리경제연구실)
  • Received : 2014.01.10
  • Accepted : 2014.05.13
  • Published : 2014.07.31
Download PDF
⟨ Previous Next ⟩

Abstract

The proportion of investment in national R&D projects in construction and transportation has been increasing continuously; in terms of the size of R&D projects, there are many medium- to large-sized projects of over KRW 10 billion. However, in spite of such continuous increase in R&D investments, there are many technologies developed but not commercialized, i.e., the quiescence of technology. Accordingly, it is necessary to link the R&D results to commercialization by expanding the scope of R&D projects. In this context, this study presented objective reference prices to be used in contracting/transacting technology and implementing commercialization strategy by conducting technology valuations against on-going research projects with earnings approach, and by estimating value of patented technology. Sum of free cash flow (business value) that can be generated during the life of the technology was estimated as KRW 512 million by reflecting a discount rate of 16.34% to convert it into the present value. In addition, the technology value was computed as KRW 227million by applying a technology factor of 44.39% to the above value. Based on the technology value estimated in this way, it is necessary to establish industrialization and commercialization strategy of the technology.

건설교통분야의 국가R&D사업 투자비중은 지속적으로 증가 추세이고, R&D 규모측면에서도 100억원 이상의 중대형 규모의 연구개발사업들이 많이 나타나고 있다. 그러나 국내에서는 지속적인 연구개발투자에도 불구하고 개발된 기술의 사업화가 추진되지 않는 기술 휴면화 현상이 대두되고 있고, 기술개발에 한정되어 있는 R&D사업 범위 확대를 통해 R&D성과를 사업화와 연계시킬 수 있는 방안 마련이 필요하다. 따라서 본 연구는 수익접근법을 이용한 기술가치 평가를 현재 진행 중인 연구사업에 대하여 기술가치 평가를 수행하여, 특허기술의 가치를 금액으로 산정하여 기술실시계약시 합리적이고 객관적인 기술거래 기준가격과 사업화 전략 등을 제시하였다. 해당 기술수명 기간 동안 창출 가능한 잉여현금흐름(FCF) 합계액(사업가치)은 할인율 16.34%를 반영하여 현재가치로 환산할 경우 512백만 원이 산출되었고, 해당 사업가치에 산업기술 요소법을 통해 구해진 기술기여도 44.39%를 적용한 결과 기술가치는 227백만 원으로 도출되었다. 이렇게 도출 기술가치 평가를 기반으로 기술의 사업화 및 상용화 전략수립이 필요하고, 이에 대한 사업화 요건과 마케팅 전략 등의 연구가 추후 추진될 필요가 있다.

Keywords

References

  1. Cho, K.S., (2011). "Technology Valuation in Construction and Transportation Sector", Korea Invention Promotion Association, p. 1.
  2. Baek, D.H., Yoo, S.H., Jung, H.S., Sul, W.S., Hong, K.P., and Kim, H., (2004). "Developing a Technology Valuation Model and a Web-based Technology Valuation System for Promoting the Technology Transfer", Journal of the Korea Society of Management Information Systems, 6(1), pp. 123-139.
  3. Hong, S.J., (2006). "A Study on Construction Technology Valuation System & Methodology", Hanyang University Master's Thesis, pp. 12-13.
  4. Kim, E.H., (2011). "A Study of Evaluating on Values of Customized Spatial Information Technology", Journal of Korea Space Information Society, 19(2), pp. 1-7.
  5. Kim, Y.H, Kwak, T.W., and Wang, H.S., (2006). "Actual Application of Technology Valuation Using Earnings Approach", Accounting Research Institute of Chungnam National University, pp. 83-84.
  6. Lee, K.H., (2011). "A Study on the Intellectual Property Rights and Technology Value Assessment", Baejae University Master's Thesis, p. 70.
  7. Lim, D.H., (2010). "A Research on Local SMB's Technology Valuation Evaluation Policy", Journal of the Korean Association for Local Government Studies, 11(4), pp. 101-119.
  8. Park, H. P., Han, J. K., and Jin, K. H. (2014). "Development of a decision making model for construction management in LNG plant construction - Focused on construction stage-", Korean journal of Construction Engineering and Management, KICEM, 15(3), pp. 47-57. https://doi.org/10.6106/KJCEM.2014.15.3.047
  9. Park, H. P., Hong, T. H., and Jin, K. H. (2008). "Methodology Development for Analyzing Performance of Star Technology", Korean journal of Construction Engineering and Management, KICEM, 9(5), pp. 194-203.
  10. Weston Anson and Donna Suchy, Fundamentals of Intellectual Property Valuation : A Primer for Identifying and Determination Value, 2005 The ABA Section of Intellectual Property Law, 2005