• Journal of Cadastre & Land InformatiX
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• v.45 no.1
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• pp.207-224
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• 2015

The purpose of this study is to review the various valuation techniques of intangible assets. The value of intangible asset by the income approach can be measured as the present value of the economic benefit over the intangible asset's remaining useful life. The typical methods used in intangible asset economic income projections include extrapolation method, life cycle analyses, sensitivity analyses, simulation analyses, judgment method, and tabula rasa method. There are several methods available for estimating capitalization rates and discount rates for intangible asset, in which we have discussed market extraction method, capital asset pricing model, built-up method, discounted cash flow model, and weighted average cost of capital method. As the capitalization methods for intangible asset, relief-from-royalty method, excess earnings capitalization method, profit split method, residual from business enterprise method, postulated loss of income method and so on have been reviewed.

• Journal of Korean Society of Environmental Engineers
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• v.28 no.1
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• pp.74-80
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• 2006

Benefit transfer is a method, which obtains an estimate for the economic valuation of non-marketed commodities at a given site through the analysis of studies that have been previously carried out to value similar commodities at a different location. The objective of this study was to estimate benefit transfer values for the construction of the integrated sewerage system in the catchment area of dams in Korea. For pooled data analysis, five models were suggested in this study. Among five models, model 2 showed only 6 to 7% errors when the willingness-to-pay(WTP) predicted in the policy-site, Dam Soyang was compared with that estimated using contingent valuation method(CVM) in the study-sites, Dams Namgang, Hapcheon, and Daecheong. However, the WTP estimate predicted by model 1 showed the absolute errors of 42 to 47% when it was compared with WTP estimated using CVM in Dams Andong and Imha. It seemed that residents of Dams Andong and Imha have feeling of being victimized since two dams were constructed very adjacently, the upstream area was designated as drinking water source protection zone, and thereafter their developmental economical actions have been significantly restricted.

• Journal of Fisheries and Marine Sciences Education
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• v.26 no.6
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• pp.1322-1331
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• 2014

대부분 선진국 수산업은 국가경제에 차지하는 비중은 미미하나 해양생태 보전이나 해양식량안정 등의 중요성을 고려하여 국가개발 전략적 관점에서 큰 관심을 둔다. 그리고 인구나 식량소비 규모에 비해 수산자원이 풍부한 저개발국의 수산업은 국가경제 발전의 주요한 산업적 역할을 수행한다. 최근 한국을 포함한 일부 선진국에서는 창조경제적 수산업을 통하여 새로운 성장동력을 개발하여 수산업의 산업적 역할을 보다 산업화하는 전략적 발전을 지속적으로 추진하고 있다. 수산업의 창조경제적 발전은 주로 수산자원의 합리적 보존관리, 어업인의 소득증대와 어촌사회 복지향상뿐만 아니라 새로운 수산물 시장수요 창출 등에 주안점을 두고 있다. 본 연구에서는 수산창조지수(ICSF; Index of Creativity Space for Fisheries)를 분석하여 수산업의 지속적 개발 내지 회복에 있어 창조경제적 요인의 역할과 중요성을 평가하였다. 수산업의 창조성을 결정하는 수산창조지수(ICSF)는 기술(technology), 재능(talent), 다양성(tolerance)의 결합적 결과로 구성된다. 이를 통하여 창조경제적 측면에서 수산업의 지속적 발전 가능 잠재력을 평가하게 된다. 수산창조지수(ICSF)를 이용하여 한국 수산업이 지니는 창조성을 분석한 결과 대부분 수산분야에서 창조성을 기반으로 하는 지속적 수산업 발전 전략에 높은 관심을 보였다. 특히 한국 수산업은 보다 효과적인 자원 및 어업관리 정책의 이행을 통하여 창조경제적 편익의 증대를 모색하는 전략이 높이 평가되었다.

• Ocean and Polar Research
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• v.34 no.2
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• pp.175-183
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• 2012

A project to build a large oceanographic research ship was proposed to improve the level of ocean research. This paper attempts to measure the non-market benefits of the project. To this end, the dichotomous choice contingent valuation method is used. In particular, the recently proposed one and one-half bounded model is applied. The model can reduce the potential for response bias compared to the double bounded model, while maintaining much of its efficiency. Moreover, in order to deal with zero WTP observations, a spike model is adjusted for our data. A survey of 500 randomly selected households was implemented in the Metropolitan area. The respondents were asked in person-to-person interviews about how they would be willing to pay for implementing the project. Overall, respondents accepted the contingent market, and were willing to contribute a significant amount (3,244 won), on average, per household per year. The aggregate value of the project nationwide would amount to approximately 40.1 billion won per year.

• The Korean Journal of Applied Statistics
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• v.23 no.1
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• pp.29-39
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• 2010

The purpose of this paper is to analyse the advantages of with-profits and make a proposal for invigorating with-profits business. The data of life insurance companies in the U.K. is used and correlation and regression are employed. The implications are drawn from the analysis. The results and implications of this paper are summarized as follows. Firstly, the with-profits policies increase premium income. There is no positive relationship between with-profits policies and operating costs. The companies that are financially sound sell more with-profits policies than those not solvent. Secondly, with regard to implications for insurance companies, they can make full use of with-profits policies for marketing purpose and the main product in the product portfolio. Finally, with regard to implications for the policyholders, the with-profits policies are not expensive by comparison with the without-profits policies. The with-profits policies provide benefit to the policyholders on a solvency basis.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.17 no.6
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• pp.1-13
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• 2018

The number of deaths in Korea is higher than the OECD average. Therefore, an e-Call system is being developed as a vehicle ICT-based emergency rescue system that automatically detects an accident in the event of a vehicle accident and transmits related information to the center. In order to overcome the limitations of social acceptability and function of e-Call system, we propose a model that allows users to be aware of the necessity of service voluntarily. We predicted the market share of e-call services according to the proposed business model and analyzed it through B/C analysis. Benefits are calculated on a penetration basis, and device purchase and communications costs are calculated for each period. B/C analysis shows that pessimistic scenarios are 0.98 in 2025 and 1.01 in 2030. In an optimistic scenario, it is 1.05 in 2025 and 1.20 in 2030, which is more economical.

• Journal of the Korean Institute of Landscape Architecture
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• v.45 no.6
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• pp.10-27
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• 2017

Recently, the importance of recognizing the natural environment and the need for its conservation are increasing due to rapid urbanization. Suncheon Bay, designated as Scenic Site No. 41 and one of the World's Five Greatest Coastal Wetlands, is the only tideland among the tidal flats in Korea, which has salt marsh reserves. It has high conservation value from the ecological aspect. In addition to the Suncheon Bay National Garden, it provides various benefits not only to visitors but to local residents as well in terms of economics, environmental issues, and history and cultural aspects. Two million tourists visit the site annually, which has constantly highlighted the limits of ecological capacity. The valuation of the Suncheon Bay wetland is more important for the sustainability of the Suncheon Bay wetland than for its value as a tourism resource for the activation of the local economy. This study used the Logit model, which is commonly used among probabilistic choice models, to evaluate the economic value of Suncheon Bay wetland with the contingent valuation method(CVM). Applying the conservation value of the Suncheon Bay wetland to the benefit of KRW 8,200 for 1 person and 1 day, the benefit from exploration is KRW 2,050, the management and conservation value is KRW 3,034, and the heritage value is KRW 3,116. The results of this study are that benefit from the annual exploration of Suncheon Bay wetland was KRW 44.3 in billion, the management and conservation value was KRW 6.55 in billion, and the heritage value was KRW 6.73 in billion. When converted to the number of paying visitors per year, the conservation value is about KRW 177.1 billion. This study was conducted to evaluate the use and conservation aspects of the economic value of Suncheon Bay wetland. Based on the latent value of the Suncheon Bay wetland, it provides basic data about the efficient management and policy establishment of Suncheon Bay wetland. The study is significant in that the ecological sustainability of the Suncheon bay wetland and the value of non-marketable were evaluated based on the recognition of 'benefit through exploration', 'management and conservation value' and 'value of heritage'. It can be used as policy decision data on the integrated collection of the admission fee of the Suncheon Bay wetland and Suncheon Bay National Garden.

• Journal of Environmental Policy
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• v.6 no.1
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• pp.61-81
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• 2007

Types of agricultural policy can be catagorized into two general cases: price and income supports. Income supports are any government program designed to provide farmers with higher incomes than they would receive otherwise. These direct cash payments to farmers are known as "deficiency payment" or "direct payment" because they compensate the farmer for the failure of the market to provide farmers with adequate prices. The direct payment to environment-friendly agriculture is a form of income supports for the agriculture production using less pesticides and chemical fertilizers. Because no significant regulation exists on the use of fertilizers substituting chemical fertilizers for crop, the role of the payment on reducing environmental impacts of agriculture is not entirely clear. This uncertainty is likely to be particularly severe in the case that farmers with low-quality land showing greater demand for fertiliser have an incentive to transition to environment-friendly agriculture. The paper shows the case of the current payment system in Korea.

• Journal of Forest and Environmental Science
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• v.19 no.1
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• pp.108-123
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• 2003

The importance of environmental resources has been recognized over the world after Rio declaration(1992). so it is moved to monetarize environmental resources. The studies on the evaluation of nonmarket goods began also in the early 1990 in Korea. In practice the preliminary feasibility studies(PFS) are carried out since 1999 in case of major public investments projects. In PFS the Benefit-Cost analysis is practically used. which is considering the evaluation of environmental resources. But the methods for the evaluation have not been fixed up. In this study It is introduced to the theory and major methods for the evaluation of environmental resources. In the theory the evaluation is handled in aspect of demand function and supply function. The optimum level can be extracted from the two functions. In the method. travel cost method(TCM), hedonic price method(HPM) and contingent valuation method(CVM) are introduced according to the market structures.

• Food Industry And Nutrition
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• v.20 no.2
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• pp.8-12
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• 2015

나트륨(소금)의 경우 식품에 관능적 특성 부여 및 가공과정에 필수적인 물질이나 과다 섭취의 경우 고혈압 등 심혈관계 질환을 발생을 증가시키는 등 사회적인 문제가 되고 있다. 특히 한국인의 경우 장류, 젓갈 및 김치 등의 식품문화가 발달되어 WHO의 권장섭취량의 2배 이상 섭취하고 있는 실정이다. 나트륨 저감화의 경우 국민복지 향상, 의료비용 절감 및 사회적 편익비용 발생 등의 이유로 국가적 차원에서 나트륨 절감이 시급한 상황이다. 현재 식품의약품안전처 및 보건복지부 등에서 나트륨 저감화를 위한 다양한 정책 등을 추진하고 있다. 또한 세계적으로 무기염류 대체소금, 염미증진제 및 향미개선제 등의 개발 노력이 활발히 이루어지고 있는 상황이다. 그러나 낮은 관능적 특성 및 무기염류의 과량 사용에 관한 부작용 등으로 인하여 급증하는 소금대체 및 보완제 시장수요에 미치지 못하는 실정이다. 따라서 저염화 및 관능적으로 우수한 소금 대체소재 및 염미 증강물질 개발이 요구된다. 염미 및 지미상승 식물성 발효 조성물(SAP)의 경우 분리대두단백 등의 식물성 원료와 전통 장류의 제조원리를 응용한 염미증진제 또는 향미개선제이다. 관능적 특성을 조사한 결과 기존 사용되는 저염 소재에 비하여 염미 등의 관능적 특성이 우수하여 염미 및 관능적 특성 증진 소재로 활용 가능성이 높았으며 무기염류의 단점인 낮은 관능적 특성 및 무기염류에 의한 부작용 등의 우려가 없는 소재이다. 향후 염미 및 지미 상승 식물성 발효 조성물(SAP) 등의 활용방안 개발 및 적용분야 확대 등으로 국내 저염 식품 산업의 전반적 발전에 도움이 될 것으로 생각된다.