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http://dx.doi.org/10.5762/KAIS.2016.17.8.127

A Study on the Technology Evaluation of Development of New Variety of Citrus Unshiu  

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.17, no.8, 2016 , pp. 127-132 More about this Journal
Abstract
This study evaluated the economic value of the development of a new variety of Citrus unshiu using the income approach, Net Present Value (NPV), Internal Rate of Return (IRR), and Benefit/Cost (B/C) ratio. The new variety of Citrus unshiu was developed by the national institute of horticultural and herbal science in Korea, rural development administration. The technological evaluation of the development of a new variety of Citrus unshiu can be used to improve the efficiency and practicality of the development of a new variety of citrus. From the research results, the technological value of development of a new variety of Citrus unshui was evaluated at 109,455(discount rate=8%, minimum), 195,040(discount rate=4%, maximum), and 145,375(discount rate=6%, average) million won. The IRR was 51.4%, which was greater than the discount rate(4~8%). The NPV was evaluated at 145.3 billion won(discount rate=6%, average), 195.0 billion won(discount rate=4%, maximum) and 109.4 billion won(discount rate=8%, minimum), all of which were greater than 0. The B/C ratio was evaluated at 60.9(discount rate=6%, average), 81.3(discount rate=4%, maximum) and 46.1(discount rate=8%, minimum), all of which were greater than 1. Therefore, the economic validity of the development of a new variety of Citrus unshiu was identified by this technological evaluation.
Keywords
Citrus Unshiu; IRR; NPV; B/C; New variety; Technology Evaluation;
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Times Cited By KSCI : 3  (Citation Analysis)
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1 Ko, Seong-Bo, Study of the Technology Evaluation of Development of Environment-friendly Controlling Method of Mushroom, Journal of The Korea Academia-Industrial cooperation Society, vol. 15, no. 11, pp. 6652-6658, 2014. DOI: http://dx.doi.org/10.5762/KAIS.2014.15.11.6652   DOI
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3 Ko, Seong-Bo, A Study on the Technology Evaluation of Development of Separation and Purification Techniques of Flavonoid in Citrus, Journal of The Korea Academia-Industrial cooperation Society, vol. 15, no. 1, pp. 243-248, 2014. DOI: http://dx.doi.org/10.5762/KAIS.2014.15.1.243   DOI
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