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http://dx.doi.org/10.5762/KAIS.2016.17.11.340

An Economic Ripple Effect Analysis of Domestic Supercomputing Modeling and Simulation  

Kim, Myungil (Supercomputing Modeling & Simulation Center, KISTI)
Park, Sung-Uk (NTIS Center, KISTI)
Kim, Jaesung (Supercomputing Modeling & Simulation Center, KISTI)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.17, no.11, 2016 , pp. 340-347 More about this Journal
Abstract
Since the 1970s, manufacturing has been one of the key driving forces that has led to Korea's economic growth. However, this growth rate has been reduced significantly since the 2000s, and shows that revenues and employment are steadily decreasing. In addition, while manufacturing investment in Korea has dropped sharply, the United States, Germany, Japan, and other major countries have increased investment in manufacturing. These countries have promoted manufacturing innovation strategies that include the convergence of information and communications technologies (ICT) and manufacturing. For manufacturing innovation, it is important for time and cost savings required for product development to be achieved by changes in the production process, especially product design. Modeling and simulation (M&S) is a process that replaces physical product design, mockup making, and testing, with virtual product creation (modeling) and engineering analysis (simulation). In this paper, we analyze the economic ripple effect of supercomputing M&S using an input-output model technique based on the input-output tables published by the Bank of Korea. When we set the M&S budget (about US$16 million for the last 10 years) of the Korea Institute of Science and Technology Information (KISTI) as input coefficients, the effect on production inducement, value-added inducement, and employment inducement was analyzed to be US$24 million, US$13.4 million, and 267, respectively.
Keywords
Economic Ripple Effect; Manufacturing; Modeling; Simulation; Supercomputing;
Citations & Related Records
Times Cited By KSCI : 4  (Citation Analysis)
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