[KSCI] Korea Science Citation Index Service

http://dx.doi.org/10.7782/JKSR.2016.19.3.373

Establishing the Methodology of Economic Analysis to Take into Account Opportunistic Valuation for a Radio Communication & Train Control System

Cho, Shin-hyung (Department of Civil and Environmental Engineering, Seoul National University)
Seo, Young-hyun (Department of Civil and Environmental Engineering, Seoul National University)
Kho, Seung-young (Department of Civil and Environmental Engineering, Seoul National University)
Rhee, Sung-mo (Institute of Construction and Environmental Engineering, Seoul National University)

Publication Information

Journal of the Korean Society for Railway / v.19, no.3, 2016 , pp. 373-379 More about this Journal

Abstract

Development of a train wireless signal control system using LTE-R technology is expected to have a great ripple effect to the existing signal control market. To make inroads into the international market, it is an urgent issue to practicalize the train wireless signal control system. Because it will require a huge budget to commercialize the wireless signal control system, it is necessary to analyze the feasibility beforehand, with a consideration of the domestic and foreign marketability and the impact on related industries. This study investigated the effect of the practicalization of train control system on future railway and national industrial sectors. We suggested the establishment of a framework for economic feasibility analysis, one that can provide criteria for opportunistic valuation. We also verified this framework through case analysis.

Keywords

KRTCS(Korea radio train control system); Input-output table; Economic feasibility; Economic ripple-effect;

Citations & Related Records

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