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A Study on Economic Assessment of Image Processing Technologies for Meteorological Satellites  

Cho, Nam-Wook (서울과학기술대학교 글로벌융합산업공학과)
Ahn, Jae-Kyoung (서울과학기술대학교 글로벌융합산업공학과)
Sohn, Seung-Hee (국가기상위성센터 위성운영과)
Lee, Bong-Ju (기상청)
Song, Jun-Woo (국가기상위성센터 위성운영과)
Publication Information
Journal of Satellite, Information and Communications / v.7, no.1, 2012 , pp. 13-20 More about this Journal
Abstract
Despite of growing concern for developing meteorological satellites, poor investment has been realized to acquire effective and efficient satellite image processing technologies. In this study, not only qualitative exploration on mapping each elementary technology into related industries but quantitative inter-industry analysis induced from Total Cost of Ownership (TCO) of the Korean satellite image processing system were performed. Furthermore, economic assessment has been made by estimating internal rate of return(IRR) for the benefits returned versus TCO of the system. The results showed that agriculture and fisheries industry, tourist and leisure industry, and transportation industry were highly related with the acquisition of the system, and that 9.1 billion won of production-induced effects, 3.3 billion won of value-added-induced effects, and 54 individuals of employment-induced effects were anticipated except for those of directly relevant industries. Even in the pessimistic scenario, 7% of IRR exceeding 5.5% assumed as current public rate was postulated, consequently, the investment was fairly justified.
Keywords
Meteorological Satellite Image Processing System; Economic Assessment; Total Cost of Ownership; Internal Rate of Return; Inter-industry Analysis;
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