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http://dx.doi.org/10.14578/jkfs.2013.102.4.506

Feasibility Study on the Construction of a Wood Industrialization Services Center for a Wood Industry Cluster Establishment in Jeollanam-do  

An, Ki-Wan (Division of Forest Resources, Chonnam National University)
Park, Kyung-Seok (Division of Forest Economics & Management, Korea Forest Research Institute)
Ahn, Young Sang (Division of Forest Resources, Chonnam National University)
Publication Information
Journal of Korean Society of Forest Science / v.102, no.4, 2013 , pp. 506-514 More about this Journal
Abstract
This study examined the feasibility on the construction of a wood industrialization service center for a wood industry cluster establishment in Jeollanam-do. Construction of the wood industrialization service center is based on a discount rate of 3.5%, an investment period of 4 years, a business operations period of 16 years and an investment cost of 24600 million won; the total amount of the net present value, the cost-benefit ratio and the internal rate of return were assumed to be 2.579 million won, 2.51%, and 10.1%, respectively. In addition, the production inducement coefficient, the induced production effect, the income-induced coefficient, the income inducement effect, the employment inducement coefficient, and the employment inducement effect were estimated 1.4345, 35287 million won, 0.1655, 4000.7 million won, and 0.4665, 1,145 people, in the effects of the wood related industries using the multi-regional input-output model, respectively. Financial independence of operating income to cover its own costs incurred in accordance with the operating project might be practicable.
Keywords
wood industry cluster; wood industrialization services center; business incubation policy; forest service;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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