• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.22 no.6
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• pp.134-140
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• 2008

A switch in congestion management nile in an electricity market may have positive or negative impact on the surplus of a market participant. As a number of wholesale electricity markets around the world either have already adopted or plan to implement Locational Marginal Pricing (LMP) for energy and congestion management, it is necessary to study the economic impact of a change in congestion management in the Korean electricity market. However, the impact of congestion management on consumer costs and generator surplus has not been studied for the electricity market in Korea. This paper examines how a change in congestion management affects consumer costs and generator surplus in the Korean electricity market.

• Proceedings of the Korea Water Resources Association Conference
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• 2019.05a
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• pp.225-225
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• 2019

건물, 차량, 사회인프라시설과 달리 농작물이란 물리적인 시설이 아닌 농업경제 활동의 결과물로서 최종적으로 판매를 통해 수익을 창출하는 행위에서 재난으로 인하여 지장을 받게 되는 경제적 피해가 고려되어야 한다. 이를 위해 본 연구는 홍수로 인한 농작물 피해를 "생산비 매몰비용"과 "순수익 손해"를 농작물 피해추정의 척도로 하였다. 생산비 매몰비용이란 경작시작부터 피해발생까지 투입된 생산비의 회수불가에 따른 피해이며, 순수익 손해란 피해발생에 따른 기대 순수익 하락에 따른 피해를 의미한다. 다양한 작물 가운데 10종의 대표작물을 선택하고, 각 작물의 표준생산비와 표준순수익을 농업생산 및 수익과 관련한 통계자료로부터 결정하였다. 이로부터 생육경과율과 홍수 발생시기(6~9월)를 고려하여 월별 투입생산비 및 기대순수익을 결정하였다. 대상지역 내 재난에 노출된 작물정보를 정의하는 농작물 인벤토리는 농림축산식품부에서 제작된 스마트 팜 맵(농경지 전자지도)을 활용하였고, 다양한 작물이 혼재된 밭의 경우 농업면적조사 결과를 토대로 결정한 밭작물 재배현황비를 고려하였다. 홍수에 따른 취약성을 설명하는 농작물 손상함수는 영향인자는 침수심, 침수기간이며, 이를 기준으로 한 손상함수는 농림부의 농업재해피해조사요령과 일본 치수경제조사메뉴얼을 참고하여 제시하였다. 본 연구에서 제시한 농작물 피해 추정 방법은 기존 방법인 다차원 홍수피해산정법(MD-FDA)과 비교할 때 대표작물의 현실화, 국내 실정을 고려한 손상함수, 그리고 면적 기반의 원단위를 사용함으로써 실무적으로 명확하고 실용적으로 사용될 것으로 기대된다.

• The Journal of the Korea institute of electronic communication sciences
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• v.17 no.2
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• pp.299-308
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• 2022

Recent, energy transition policies are driving to increase in the number of small photovoltaic(PV) generators. It is difficult for system operators to accurately anticipate the amount of power generated from such small scale PV generation, and this may disrupt dispatch schedules and result in an increase in cost. The need for a Virtual Power Plant(VPP) is emerging as a way of resolving these problems, as it would integrate small-scale PV plants and eliminate uncertainty about the amount of power generated, control voltage, and provide power reserves. In this paper, the cost evaluation methods are described for determination of VPP cloud charges both Net Present Value(NPV) method and Profitability Index(PI) method, the calculated outcomes of the two types of cost evaluation methods are presented in detail. It seems we secure profitability as we get 1.22 of profitability index from calculation results, it may be attractive for the aggregator as NPV is enough for satisfying profitability.

• Journal of the Korea Society of Computer and Information
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• v.16 no.5
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• pp.51-60
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• 2011

The study explored a way to analyze return-on-investment for evaluating corporate e-learning programs. It is said to be not easy to measure return-on-investment due to complexity of determining exact amount of cost and benefit of any e-learning program. In this vein, it has been rare to see researches regarding return-on-investment for corporate e-learning programs. Nevertheless, it is needed to try to document return-on-investment evidence for verifying effectiveness of the programs. More concretely, the purpose of the study is to draw up guidelines in making decisions about whether companies should invest in e-learning programs any more at particular point of time.

• 한국IT서비스학회:학술대회논문집
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• 2003.11a
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• pp.275-283
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• 2003

온라인 채널의 발달로 전자상거래를 통한 거래와 수익 증가에 관한 많은 연구들이 진행되어왔으나 수익 원천으로써의 커뮤니티(Community)에 관한 연구는 제한적이다. Hagel(1997)은 커뮤니티를 미래 사업 모델의 중심축이 될 것으로 예측하고 커뮤니티의 수확체증효과와 수익증가역학고리, 커뮤니티 자산들을 통해 포탈 비즈니스 모델에 적합한 일방향적이고 순차적인 커뮤니티 형성 프로세스를 중심으로 제시하였다. 본 논문에서는 전자상거래의 형태에 따라 커뮤니티 형성 프로세스의 변화 형태는 차별화 된다는 사례들에 근거하여 e-비즈니스 모델에 따른 차별화 된 커뮤니티 성공요인, 커뮤니티 주요자산들의 중요도 차이, 전환비용발생 요인을 파악하였으며, 이를 바탕으로 커뮤니티 형성 프로세스의 구조적 변화 행태를 제시하였다. 본 연구는 온라인 비즈니스 도입 기업에게 비즈니스 모델과 연계하여 네트워크 외부 효과를 극대화하는 차별화 된 커뮤니티 활용 포커스와 수익성 향상을 위한 커뮤니티 형성 프로세스를 설계하는 프레임�p을 제시하였다는데 그 특징이 있다.

• KDI Journal of Economic Policy
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• v.27 no.1
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• pp.81-122
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• 2005

The paper aims to establish the characteristics of the Korean firms' R&D investment and to estimate the private rate of return to R&D investment. For the empirical analysis, a balanced panel data is constructed with 695 firms on 8 year observations. The panel data enables to characterize R&D investment of the Korean firms, which is mostly conformed to the 'stylized facts' of R&D investment that found in the previous studies on foreign firms. Klette model was used to estimate the private rate of return on R&D investment and depreciation rate of R&D capital. The paper estimates that the rate of return on R&D investment is 10.5% on average or 16.4% on median for the whole industry whereas manufacturing firms show 10.4% on average or 16.4% on median. The depreciation rate was estimated about 32.9% for whole industry, where it ranges from the minimum 11.6% for metal industry and 49.5% for services. The median estimate of the rate of return for R&D investment of Korean firms is roughly two times higher than real interest rates for the same period, which implies that R&D investment allows sizable rent in addition to the opportunity cost of capital investment.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.7
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• pp.2930-2936
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• 2012

This paper examines the effects of corporate ownership structure variables on stock returns. The dependent variables identified in this paper include the equity ratio of large shareholders, institutional investors and foreign investors, and the control variables are firm size, book-to-market ratio, and earning-to-price ratio and leverage. This paper finds that the results of regressions say that institutional investors and foreign investors, firm size, book-to-market ratio and earning-to-price ratio can explain the differences in stock returns using panel data.

• Journal of the Korea Society of Computer and Information
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• v.25 no.2
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• pp.221-229
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• 2020

As the cosmetics beauty industry grows into a key next-generation industry, the establishment of an industrialization center is needed, but failure to verify the adequacy and feasibility of the investment could lead to financial burdens. In this study, the project costs and facilities of an industrial center are reviewed to analyze its economic feasibility based on the cost estimates, revenue estimates, estimated profit or loss calculations, and estimated operating cash flows. The profit estimation criteria were analyzed by applying 90 per cent of expected orders for research projects (24 billion won) and 12 per cent of rental rates for testing equipment (4.5 billion won for construction), and the benefit/cost ratio is higher than 1.02 per cent and the net present value is higher than '0' won, and the internal rate of return is also more than 5.06 per cent for all three analytical methods. Therefore, in order for the construction of a cosmetics beauty industrialization center to be economically feasible, it is necessary to maintain research project orders of more than 90 percent and return on equipment rent of more than 12 percent, and a strategic approach is needed to diversify business profits.

• Korean Journal of Construction Engineering and Management
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• v.17 no.4
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• pp.103-115
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• 2016

The 106 buildings of 200 meters' height or greater were completed around the world in 2015 (CTBUH, The Council on Tall Buildings and Urban Habitat). They beat every previous year on record, including the previous record high of 99 completions in 2014. This brings the total number of 200-meter-plus buildings in the world to 1,040, exceeding 1,000 for the first time in history and marking a 392% increase from the year 2000, when only 265 existed. South Korea recorded three completions during 2015 - improving slightly over 2014, in which it had one. This study focused on the fact that high-rise building development project risks have not reduced in Korea in spite of numerous studies and measures. And it attempted to examine whether existing studies and measures have been presented on the basis of the accurate analysis of existing studies and measures and classify and analyze the characteristics of each phase' s risk factors in the hope that its results would be one reference point as to the measure to prevent high-rise building development project risks in the future. A high-rise building development project is the high risk project as compared with the low-rise project. Because a high-rise development project takes long and is very sensitive to the changing environment. Therefore, in order to succeed the project it becomes necessary to effectively manage the risk involved in the process of the high-rise building development project. The result of this study can be used as the guideline to make the risk management system for the high-rise development project.

• Journal of Korea Port Economic Association
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• v.31 no.2
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• pp.55-67
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• 2015

This study analyzes the relationship between shipping profit and market return in the tramp trade from January 2000 to October 2014. First, we carry out the causality test and find a causal relationship between the studied variables. Second, the estimates from the Johansen cointegration test show that shipping profit is cointegrated with market return, which implies that a long-run relationship exists among the variables. The empirical results thus imply that shipping firms need diverse risk management strategies.