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http://dx.doi.org/10.5345/JKIC.2010.10.3.071

Analysis of Economic Effectiveness in the Results of Construction R&D  

Park, Hwan-Pyo (한국건설기술연구원 건설관리경제연구실)
Publication Information
Journal of the Korea Institute of Building Construction / v.10, no.3, 2010 , pp. 71-81 More about this Journal
Abstract
In 1994, Korean construction research and development (R&D) projects received investments amounting to 1.2 billion KRW, an amount that rose to 164.8 billion KRW in 2007. Under the current system, construction researchers submit the application records of Construction Research and Development (R&D) in construction projects to the Korea Institute of Construction & Transportation Technology Evaluation and Planning. The performance of Construction R&D projects has thus been dependent on the subjective reporting of the results by the researchers themselves. For this reason, it is difficult to secure confidence in the records of Construction Research and Development. Therefore, this research suggested measures for revitalizing Construction Research and Development, analyzed approaches to cost-saving in Construction Research and Development, and analyzed economic effectiveness in the results of construction R&D.
Keywords
Construction R&D Results; Economic Effectiveness Analysis; Cost-saving; Indirect Effectiveness Analysis;
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