• Journal of Energy Engineering
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• v.11 no.4
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• pp.317-323
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• 2002

This paper proposed the calculation method of the generation operating avoided cost to cost-effectiveness evaluation of energy conservation programs that compounded the Proxy Plant Method and Load Decrement Method. This method introduced an operating index of the Energy Efficiency Demand-Side Management (EEDSM) resources based on the end-user's behaviors on the electricity power usage. The operation index is applied to calculate the hourly operating capacity of diffused high-efficiency appliances. And the operating capacity on the peak load hours for reference load is computed through the reduction of the peak load that contributes to that hour. Also, the proposed method evaluated the effect of EEDSM resources. The IEEE-RTS is adopted as a sample system to analyze impacts of an EEDSM. This paper, we have analyzed the effect of EEDSM upon the changes in the generation of generator, generation cost and the system marginal price (SMP). This method can be used to evaluate the impact of the diffused DSM resource and to estimate the impact in short-term EEDSM program. Further, result of the calculation can be utilized to pabulum for effect analysis of EEDSM resources.

• Proceedings of the KSR Conference
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• 2011.05a
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• pp.1300-1305
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• 2011

Environmental Impact is getting more attention in many feasibility studies for railroad-related projects and research items. For sustainable growth and green transportation, the benefits typically used for feasibility studies in railway-related projects, are composed mostly of economic criterions which is not considering growing attention on changing paradigm. Based on the analysis of current methodologies, improvements in estimating environmental impact especially on noise and pollution are suggested.

• Journal of Korea Port Economic Association
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• v.37 no.1
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• pp.1-18
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• 2021

A coastal marine ranching project in Uleungdo had been conducted for 5 years from 2013 to 2017 with investment costs of 5 billion won, for the special purpose of the deployment of artificial reefs, the release of young fishes. The paper focuses on an ex-post analysis of the economic feasibility for the project after completing the project, which is apart from a preliminary viability. For economic analysis, the economic benefits are derived from direct benefits including increasing effects of fisheries income and saving effects of harvesting costs, and indirect benefits including increasing effects of recreational fishing and preservation effects of coastal marine ecosystems while economic costs include releasing and purchasing costs of artificial reef and juvenile fish, R&D costs, maintenance costs and harvesting costs. The result shows that the project should not be accepted according to NPV=-0.125 billion won, IRR=4.5% and B/C ratio=0.98 under Scenario 1 which considers direct benefits and indirect benefits excluding the preservation values, while the project should be accepted under Scenario 2 indicating NPV=30.9 billion won, IRR=11.3% and B/C ratio=1.49 which considers the direct benefits as well as the indirect ones including the preservation values, based on 4.5% of the social rate of discount.

• Information Systems Review
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• v.8 no.1
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• pp.265-285
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• 2006

The purpose of this research is to identify the major evaluation criteria of IT investment projects and establish the importance weights of criteria through AHP analysis. Seven evaluation criteria which have been drawn from prior studies and industry practices are direct costs, indirect costs, financial benefits, strategic value, risk, technical necessity, and political considerations. Data have been collected from 95 IT projects in 40 public organizations and private firms in Korea. After having applied the data reliability test, 79 projects have been selected. The results of AHP analysis show the importance weights and priorities of seven evaluation criteria as follows: financial benefits 25.2%, strategic value 22.36%, direct costs 14.34%, risk 12.10%, technical necessity 11.55%, political considerations 8.3%, and indirect costs 6.48%. And the weights of seven criteria shows considerable differences among three different IT project types such as transactional, informational, and infrastructural.

• Journal of Navigation and Port Research
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• v.35 no.1
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• pp.23-30
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• 2011

This study was carried out in order to verity the usefulness of FSA(Formal Safety Assessment) methods as a tool to conduct a safety assessment of general cargo ships flying the Korean flag, and to provide useful information on 'the Safety of General Cargo Ships' for IMO committee's discussion on the matter at a future session. In the previous paper, "A Study on High-level FSA for Korean-flagged General Cargo Ships(1)", the concepts of the FSA methodology and its five steps were described and the results of Hazard Identification(Step 1) and Risk Analysis(Step 2) from the FSA study for the Korean-flagged general cargo ships were discussed. Subsequent to the Steps 1 & 2, the identification of Risk Control Options(RCOs-Step 3) for eliminating or reducing either the frequency or the severity of the risks identified and their Cost-Benefit Assessment(CBA-Step 4) were undertaken. In this paper, the results of the Steps 3 & 4 are discussed, and some recommendations are made.

• Journal of the Earthquake Engineering Society of Korea
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• v.9 no.4 s.44
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• pp.43-54
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• 2005

This paper presents cost-effectiveness evaluation of semi-active control system for cable-stayed bridge under earthquake excitations with various magnitudes and frequency contents. Semi-active control system, which is operated by using Bi-stale control method on the basis of linear quadratic Gaussian (LQG) optimal controller, is designed for the benchmark control problem proposed by Dyke et at. The cost-effectiveness of the proposed control system is defined by the ratio of life-cycle costs between a bridge structure with shock transmission units and a bridge structure with the semi-active control devices. The simulated results show that the damper cost has little influence on the cost-effectiveness of the semi-active control system while the cost-effectiveness is quite sensitive to the damage cost induced by the bridge failure. It is also found that the semi-active control system guarantees relatively high cost-effectiveness for the cable-stayed bridge subject to the ground motions in the regions of moderate seismicity with soft soil condition and strong seismicity with stiff soil condition.

• Journal of Environmental Policy
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• v.12 no.2
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• pp.33-57
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• 2013

This paper test the relationship among determinants of environmental investments, level of environmental investments, eco-efficiency (carbon productivity). The results show that profitability, leverage and R&D costs have a negative impact on environmental investments, and controlling ownership have a positive impact on environmental investments as well as environmental protection costs. The analysis also show that firms increasing environmental investments are able to gain superior environmental performance ($CO_2$ emission), but are negatively relationship with financial performance. Finally, the findings prove that differences exist in the relationship between determinants and effect of environmental investments when grouped by industry characteristics.

• Information and Communications Magazine
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• v.22 no.10
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• pp.24-34
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• 2005

시스템을 설계하고 제작한 후에 그 시스템과 구성 요소가 최종적으로 음질에 미치는 영향을 평가하는 일은 필수적이다. 음질평가 기법은 크게 두 가지가 있다. 첫 번째는 사람의 귀로 듣고 평가하는 주관평가 방법이고, 두 번째는 측정 데이터로부터 객관적으로 성능을 평가하는 방법이다. 주관적 음질평가 방법은 사람이 직접 귀로 듣고 평가하는 방법이기 때문에, 여러 가지 불안정한 요소를 안고 있다. 주관 평가자의 신체적$\cdot$심리적 상태에 따라 평가가 달라질 수 있으며, 개개인에 따라 다른 결과를 내기도 한다. 따라서, 주관평가 결과의 신뢰성을 확보하기 위해서는 통계적인 데이터를 얻고 평가자를 올바르게 훈련시켜야 한다. 그러기 위해서는 시간과 비용이 많이 소비된다. 따라서 측정 데이터로부터의 정교한 계산을 통하여 라우드스피커의 음질을 신뢰할만한 수준으로 평가할 수 있다면 신뢰성을 확보할 수 있을 뿐 아니라 시간 및 비용 절감 효과를 볼 수 있다. 본 연구에서는 측정 데이터로부터 시스템의 음질을 신뢰할만한 수준으로 평가할 수 있는 기법을 새롭게 제안한다. 이것은 ITU-R Recommendation BS. 1387인 PEAQ를 사용하여 라우드스피커의 음질을 평가하는 방법이다.

• International Journal of Highway Engineering
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• v.7 no.4 s.26
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• pp.49-56
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• 2005

The effect of modified asphalts is evaluated by simple comparison of a single parameter (i.e., tensile strength, stiffness, etc.) between modified asphalt mixture and unmodified mixture. The use of a single parameter to evaluate the effect of modified asphalt must be questioned. Rather, a single unified framework that accounts for changes in key mixture properties is needed to effectively evaluate the modified asphalt mixtures. This study used a new performance-based fracture parameter as a single unified framework, the Energy Ratio (ER), for quantifying the effect of modified asphalts oil the fracture resistance of mixtures. The Energy Ratio was then used as a performance criterion for calculating the construction cost of two modified asphalt pavements (SBS and Crumb Rubber) and unmodified asphalt pavement. The results showed that the Energy Ratio of SBS modified asphalt was higher than those of crumb rubber and unmodified asphalt. Cost analyses indicated that the construction cost of the AC layer would be reduced by up to 24% by SBS modification. Based on the results, the Energy Ratio is capable of evaluating the effect of modified mixtures, and may form the basis of a promising fracture criterion for performance-based thickness design in asphalt pavements.

• The Korean Journal of Financial Studies
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• v.12 no.1
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• pp.63-88
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• 2006

본 연구는 기업가치를 측정하기 위해서 활용될 수 있는 두 가지의 새로운 모형을 개발하였다. 두 가지 모형은 모두 자산가치와 수익가치의 가중평균으로 기업의 본질가치를 표현할 수 있다는데 공통적인 특징이 있다. 첫째 모형은 도산확률 하의 세후 기업가치 가중평균모형이다. 현금흐름할인법으로 알려진 전체기업가치 평가방법론(entity approach)에 기초한 기업가치 평가모형인 이원흠 최수미(2002)의 지식자산가치 평가모형 및 이원흠 최수미(2004)의 가중평균 가치평가모형으로부터 도산확률 하의 세후 가중평균 기업가치 평가모형을 도출하였다. 이 모형은 기업가치는 수익가치 및 실물자산의 가치와 지급이자의 절세효과, 예상도산비용 등 4부분으로 구성된다는 것을 보여 주고 있다. 둘째 모형은 이익조정에 의한 비정상발생액을 감안한 기업가치 가중평균모형이다. 회계학 분야에 주로 발전한 발생액을 고려한 이익의 질(quality of earnings)을 기업가치 측면에서 평가할 수 있는 새로운 모형이다. 이익의 질을 고려한 기업가치 평가모형도 첫째 모형의 도출논리에 의거하여 세후 혹은 도산확률 하의 세후 기업가치 평가모형으로 확장할 수 있다. 새로이 개발된 가중평균 가치평가모형을 통해 추정한 수익가치와 자산가치의 가중치, 가중평균자본비용 등의 정보는 상장주식의 목표가격 평가, 투자등급 판정 등에 활용될 수 있을 뿐만 아니라, 신규상장주식의 공모가, 비상장기업의 합병가액산정, 지주회사의 가치평가 등 비상장기업의 가치평가 분야에 광범위하게 응용될 수 있을 것이다.