• Journal of Korean Society of Transportation
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• v.26 no.1
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• pp.103-112
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• 2008

In the feasibility analysis, Braess' Paradox results in the negative social benefit in spite of adding transportation facilities. Consequently, it has been difficult to judge on the investment of SOC projects. This research aims to analyze the Braess' Paradox in the feasibility analysis and to seek a remedy for the Paradox. Several experiments were conducted on the simple network under the various conditions. From the experiments, following findings were validated: Braess' Paradox occurred only if travel demands met within certain intermediate range. In terms of traffic assignment method, the SO was more likely to reduce the effect of the Braess' Paradox than the UE. However, the Braess' Paradox in the benefit of operating cost saving occurred in all cases and the paradox in the total benefit continued. In order to solve the problem, new link cost function considered travel time and operating cost simultaneously were suggested. As a result, the negative benefit was significantly decreased in the UE case and total negative benefit was no longer shown in the SO case through the analysis.

• Journal of the Korean Institute of Gas
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• v.13 no.3
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• pp.22-27
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• 2009

Recently Urban Gas Business Companies have been allowed to construct High Pressure Natural Gas pipelines, if they adopt the Risk Reduction Measures(RRMs) recommended by Korea Gas Safety Corporation(KGS) after safety assessment. This paper presents a Cost Benefit Analysis(CBA) method, when KGS performs safety assessment and recommends RRMs to Safety Appraisal Committee, to help the Committee make judgements on whether the proposed RRMs are reasonably practicable. We carried out quantitative risk assessment to high pressure natural gas pipelines as a case study and analysed cost benefit for the suggested RRMs. In conclusion, we found out the presented CBA method using PF was proper in Korea.

• Journal of Environmental Policy
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• v.8 no.3
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• pp.53-79
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• 2009

This study conducted a regulatory impact analysis regarding the introduction of the Korean version of REACH(Registration, Evaluation and Authorization of Chemicals). The direct cost of the Korean REACH is estimated at a total of 101 billion Korean won over the 11 year period. The cost includes pre-registration, testing, registration, Chemical Safety Assessment(CSA) and Chemical Safety Report(CSR), evaluation, and the authorization costs of 15,223 chemical substances produced and imported more than 1 ton per year in Korea in 2006. With regard to the benefit, the only public health benefit is included in the estimation. Based on the available foreign and domestic data, this study estimated that the economic values of public health benefits are in the range of 33.2~138.6 billion Korean won if only the savings of the National Health Expenditures are considered and it reaches 203.9~1,640.3 billion Korean won if the willingness to pay(WTP) for disease prevention is included. This study proved that the Korean REACH passed the cost/benefit criteria. The benefit-cost ratio of the Korean REACH, however, is estimated to be lower than its EU counterpart. Thus it is suggested that a rigorous study to reduce the costs to industry be required before the Korean government introduces the Korean REACH.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.5D
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• pp.461-465
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• 2010

The objective of this study is to calculate road user costs that caused by the expansion work of metropolitan arterial highway and to analyze the costs that affect economic feasibility evaluation. "Taerung~Guri IC" section of Bukbu Expressway was selected as a case study. As a result, it shows that these costs could be a factor for determining economic feasibility for some projects. However, decreased capacity and free-flow speed are seriously different as period, type, length and traffic volume of work zones. These factors that decrease traffic capacity and free-flow speed should be deeply researched in the future.

• Journal of Korea Spatial Information System Society
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• v.2 no.2 s.4
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• pp.59-74
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• 2000

Because efficiency of the 1st-phase NGIS investment(1995-2000) has not been clearly measured, the action taken in the 2nd-phase NGIS project requires NGIS budgets to be evaluated in terms of effectiveness. Especially, the effective investments in local governments are critical for the NGIS projects, because they execute the much larger amount of budgets in total than other GIS projects. As indicated, for the successful NGIS implementation, it is important to obtain continuous political and financial supports from decision makers. As a persuasion measure for the budget appropriation, CBA(Cost-Benefit Analysis) and CEA(Cost-Efficiency Analysis) can play an important role for the decision makers. The major concern of this paper is how to measure the costs and benefits of the GIS implementation by considering important characteristics of the GIS projects in local governments, and existing theories are reviewed for this concern. The GISs in local governments can have different stages in terms of its evolution and the effectiveness of the applications can be represented variously. To identify categories for measuring costs and benefits of the various GISs, case studies and success stories are reviewed from both the foreign and domestic research. The categories of costs and benefits are determined from the tangible and intangible aspects. The categories for the quantitative and qualitative measure are proposed to evaluate the GISs in local governments. After measuring costs and benefits, three key evaluation methods in cost-benefit analysis are suggested as follows: 1) the benefit: cost ratio (B/C), 2) Internal Rate of Return (IRR), and 3) the net present values (NPV) of the costs and benefits. The sensitivity and uncertainty analysis are also helpful to make a decision for the GIS budget appropriation in local governments. In conclusion, although cost-benefit analysis is not an easy undertaking, it is certain that it can play an important role in the future for the GIS funding decisions in local governments.

• Proceedings of the Korea Water Resources Association Conference
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• 2006.05a
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• pp.953-957
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• 2006

농업용수관리자동화사업의 시행은 수자원관리 중에서 용수절약 및 유지관리비 절감을 위해 도입된 용수관리 개선방안 중의 하나이다. 현재 대부분의 수리시설이 수원공 관리인과 수로감시원의 인력에 의해 관리되고 있으며 2004년 수리시설물의 관리비 집행내역을 살펴보면 시설유지비 54.2 %, 개보수비 34.2 %, 적립금 및 기타 비용이 11.6 %를 차지하고 있다. 이 중의 시설유지비는 인거비의 상승으로 1999년 41.4 %에서 2004년 54.2%로 증가되었으나 개보수비는 같은 기간에 41.5 %에서 34.2 %로 감소된 것으로 나타났다(농업생산기반정비사업 통계연보, 2005). 따라서 농업용수관리자동화는 시설관리비와 개보수비의 절감 그리고 적정한 용수관리에 의한 용수절감을 위해서 더욱 확대 보급할 필요가 있다. 본 연구에서는 농업용수관리자동화 사업이 추진되어 운영되고 있는 충주지구를 선정하여 총사업비, 인건비, 유지관리비(통신료, 전력사용료 등), 수선유지비, 기타비용 등의 비용과 인력절감효과, 용수절감효과, 재해경감효과, 공익적효과 등의 편익을 분석하였다. 농업용수관리자동화시설에 대한 비용-편익 분석을 한 결과, 경제적인 효과가 있는 것으로 나타났으며 지속적인 사업의 시행을 위해서는 시설에 대한 교육, 전문인력의 보충, 운영 및 유지관리비의 투자가 병행되어야 한다고 판단된다.

• Proceedings of the Korea Water Resources Association Conference
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• 2016.05a
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• pp.253-253
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• 2016

여러 정부부처 및 지자체에서 도시지역 홍수 피해 및 비점오염원 저감 방안의 해법으로 LID 시설의 설치를 권장하고 있다. 하지만 LID 기술의 국내 도입 기간이 짧아 우리나라 환경에 맞는 LID 시공을 할 수 있는 업체가 한정적이고 시공경험도 많지 않아 시공 비용에 대한 경제성 분석이 어렵다. 이러한 문제점으로 인해 LID 설치 비용의 과대 인식과 실효성에 대한 불안감이 만연하여 시설 설치에 어려움을 겪고 있다. 이와 관련하여 GI&LID 연구단에서 LID 통합설계모듈 등의 모형 개발 연구가 활발히 진행중이나 이에 앞서 금번 연구에서는 SWMM 모형을 이용하여 분석을 수행하였고, 가시적인 비교가 용이하고 최근 가장 큰 피해를 가져왔던 2014년 홍수 사상을 대상으로 연구를 진행하였다. 본 연구에서는 도시내 급경사면이 많고 불투수면적율이 높아 유속이 빠르고 완경사로 변화되는 구간에 홍수 및 토석류가 집중되어 홍수피해에 취약한 부산시 온천천 유역을 대상으로 LID 시설을 모의 설치 및 시뮬레이션 하고 재해연보 상의 홍수피해 복구액과 비교하였다. 이를 통해 LID 시설 설치시 비용-편익을 분석하고 이점을 제시하여 추후 있을 LID 시공 및 관련 연구에 도움이 되고자 한다.

• Economic and Environmental Geology
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• v.42 no.2
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• pp.133-141
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• 2009

For economic impact analysis on a R&D project of high-yield groundwater development in Jeju conducted by KIGAM from 2004 to 2007, benefit/cost ratio(BCR), net present value(NPV), and internal rate of return(IRR) were calculated by contingent valuation method(CVM), production function analysis, domestic water market analysis and technology factor analysis. Measurable direct impact parameters among the major outputs of this R&D project consisted the estimation 4 high-yield and high mineral groundwater reserve in Jeju. Annual use of the reserve by piped water and bottled water was estimated as 12.23 million ton and its monetary value was calculated as 293.4 million dollar in 2006 year value applied of 5.5% discount rate. Economic impact of this R&D project in NPV of year 2006, with applying a discount rate of 5.5%, was identified and estimated as 13.66 million dollar in NPV, 4.05 points in BCR, and 22.74% in IRR, respectively. Additional early launch benefit was 5.58 million dollar. Even increased of the 1% discount rate, NPV of this R&D project was also positive as 12.18 million dollar and BCR was 3.71.

• Journal of Soil and Groundwater Environment
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• v.10 no.1
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• pp.18-25
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• 2005

For economic impact analysis on a R&D project of groundwater remediation in the metropolitan areas conducted as a fundamental research programme of KIGAM from 1998 to 2002, benefit/cost ratio(BCR), net present value(NPV), and internal rate of return(IRR) were calculated using a contingent valuation method(CVM). Measurable direct benefit parameters among the major outputs of this project consist of setup of drinking water facilities and groundwater information data valuation. In this study, economic impact of the project in NPV of year 2002, with applying a discount rate of $10.0\%$, was identified and estimated as 5.09 billion won in cost, 67.69 billion won in benefit, 62.60 billion won in NPV, 13.3 points in BCR, and $152\%$ in IRR, respectively.

• Environmental and Resource Economics Review
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• v.12 no.1
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• pp.75-90
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• 2003

In this paper we have shown that a Pigouvian tax is an adequate resolution of congestion externality to attain Pareto optimality using utility maximization. For this objective, taking an open access freeway as an example, we not only derived both marginal private benefit and marginal social benefit, but also assessed the divergence between marginal private benefit and marginal social benefit. As a result, we identified that the amount of a Pigouvian tax should be the same amount as the external time cost, which is the value of the marginal time cost to Individual a incurred by Individual b through freeway congestion. This Pigouvian tax coincides with the profit or wealth maximizing toll suggested by literature on the basis of profit maximization. In addition, because an open access freeway is accounted as common property resource, we proved that average social congestion cost is essentially equal to marginal private congestion cost in our model. Finally, we showed that the optimal value of trip derived in our model is the same as that generated on profit maximization approach.