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http://dx.doi.org/10.5762/KAIS.2014.15.11.6652

Study of the Technology Evaluation of Development of Environment-friendly Controlling Method of Mushroom  

Ko, Seong-Bo (Dept. of Applied Economics in Jeju National University, Research Institute for Subtropical Agriculture and Animal Biotechnology & Sustainable Agriculture Research Institute)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.15, no.11, 2014 , pp. 6652-6658 More about this Journal
Abstract
This study evaluated the economic value of the development of an environment-friendly controlling method of mushroom using IRR and NPV. The environment-friendly controlling method of mushrooms was developed by the national institute of horticultural and herbal science in Korea rural development administration. This technology can be used to improve the efficiency and practicality of cultivation of mushroom. The research results show that the technological value of the development of an environment-friendly controlling method of mushroom was evaluated at 135.4 billion won (average), 182.6 billion won (maximum), and 88.1 billion won (minimum) based on the discount rate of 7.3%. The IRR was 1,958.5% - 4,054.4%, which was greater than the discount rate (6%~10%). The NPV was evaluated at 134.8 billion won (average), 218.1 billion won (maximum) and 87.5 billion won (minimum) based on the discount rate of 7.3%. Therefore, the economic validity of the development of an environment-friendly controlling method of mushrooms was identified by the results of a technology evaluation.
Keywords
Mushroom; IRR; NPV; Environment-friendly Controlling Method; Technology Evaluation;
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Times Cited By KSCI : 3  (Citation Analysis)
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