• Journal of the Korean Society for Library and Information Science
• /
• v.44 no.4
• /
• pp.231-247
• /
• 2010

This research examines a number of theoretical and practical issues when measuring the economic value of library services. In particular, using two recent studies conducted in Korea as illustrations, the study shows how various measurement decisions affect the final outcomes in the economic valuation of library services and thus points to the need for a more reliable study design. Specific areas of measurement discussed include the following: scope of measurement, application of CVM(Contingent Valuation Method), time vs. monetary value measurement, dealing with outliers, allowing alternatives, and the use of estimation. ROI(Return on Investment) scores or benefit cost ratios vary significantly according to different measurement choices even in the same study. There is a need for collecting qualitative data that complements the quantitative data typically collected in economic valuation studies. The outcome of economic valuation of library services should be considered as one of many representations of library values. Practitioners and researchers should exercise caution in interpreting those results but be able to leverage them to better communicate the value of library services.

• Journal of Korea Port Economic Association
• /
• v.24 no.4
• /
• pp.153-171
• /
• 2008

The purpose of this paper is to estimate economic benefits for the investment of port hinterland. This research has conducted the empirical analysis, by calculating the investment of port hinterland. The key factor for the economic benefits for the hinterland is the utilizing throughputs. This demand is influenced by the throughput in the port. However the data is different between the different organizations. The positive opinions are prevailed about constructing of port hinterland by a optimistic view about throughput. However this paper analyzes the economic benefits by a pessimistic point of view. The main results of this paper are as follows: First, the port hinterland of Busan New Port does not have economic benefit for investment and the hinterland will face the overcapacity problem. We recommend that the plan for investment has to be considered the modification. Second, data of forecasted throughputs is an important factor for evaluation of hinterland's investment. The research for reliable forecasting of throughput has to be preceded for the pertinent evaluation of hinterland's investment.

• Journal of Korean Society of Environmental Engineers
• /
• v.36 no.5
• /
• pp.333-341
• /
• 2014

To supply substitution water, $2m^3$ of capacity of rainwater harvesting system is designed calculating rainfall, catchment area and LPCD and has a effects to 34.4% of substitution water supply and 237 days of service day. Rainwater of drinking water quality was judged to be suitable except for bacteria problem, however, groundwater is exceeded in nitrate nitrogen, the evaporation residue and also bacteria, which means that the rainwater is suitable for use as water supply. In addition, to consider cost-benefit ratio, economic analysis conducted. The result is that B/C ratio of RWHS (10 years) is 1.70. It means total benefit is bigger than cost. Except to social factor in this study, there are a variety of benefit such as flood or drought prevention, educational effects inspiring water conservation awareness.

• International Journal of Highway Engineering
• /
• v.14 no.3
• /
• pp.131-140
• /
• 2012

Lane markings such as edgelines, centerlines, and lines that delineate lanes generally provide drivers with the various information for safe driving. Drivers can easily recognize the lane markings through the color differences between the markings and road surfaces during the daytime. However, it is a bit difficult for drivers to perceive them during the nighttime due to the lack of artificial lights. Although the glass beads with the 1.5-refractive index have been used to improve the visibility of the lane markings during the nighttime, it is still difficult for drivers to recognize the lane markings properly, especially during the rainy nighttime, which may often lead to traffic accidents. To improve the retroreflectivity and visibility of the lane markings during the rainy nighttime, the high refractive beads with the 2.4-refractive index are essentially required, but they do not work appropriately during the dry nighttime. Thus, the mixed materials with the 1.5, 1.9, and 2.4-refractive beads should be considered for the satisfactory implementation of the lane markings. This study reveals the best mixing rates of the beads by conducting benefit-cost analysis under various weather conditions in Korea. The analysis results show that the lane markings with the 100% of the 2.4-refractive beads provide the highest visibility of lane markings regardless of the roadway conditions, but the benefit-cost (B/C) ratio of the bead mixture is merely 0.46. The best mixing rate of the beads, from the highest B/C ratio viewpoint, was identified as the mixture with a 80% of 1.5-refractive beads and a 20% of 2.4-refractive beads. Some limitations and future research agenda have also been discussed.

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

• Journal of the Korean Society of Marine Environment & Safety
• /
• v.25 no.1
• /
• pp.102-110
• /
• 2019

The shipbuilding and offshore plant industry of Korea is important and leads Korea's economic growth, designated as the 1st to 4th export items in Korea in terms of export contribution over the period from 2011 to 2015. This study proposes ways to improve the national competitiveness of Korean shipyards in the global offshore drilling market by reviewing a business model for providing an integrated offshore drilling commissioning service in Korea. This commissioning service model, which was attempted in 2014, was reviewed, and a new proposed business model for overcoming the limitations of the previous model and activating further business was evaluated. As a result of an economic evaluation, it was found that a 150-meter water depth model is economically more effective. As the number of integrated commissions increased from 2 to 5 times per year, NPV, IRR and B/C ratios increased and the fee per use decreased. Therefore, for offshore drilling facilities constructed and delivered in Korea, it will be necessary to encourage integrated offshore commissioning.

• Proceedings of the Korea Water Resources Association Conference
• /
• 2012.05a
• /
• pp.439-439
• /
• 2012

본 연구의 목적은 색달하수처리장 방류수를 농업용수 및 조경용수 등으로 활용하기 위해 하수 처리수 재이용 사업 타당성을 분석하고자 한다. 색달하수처리장 하수재이용사업은 제주도의 지하수자원 보존과 수자원 이용의 고도화 및 방류수 재이용을 통한 갈수기 농업용수 보급으로 물자원(지하수)을 절약하고자 색달하수처리장을 대상으로 하수처리수를 농업용수로 공급하는 사업이다. 대상지역은 서귀포시 예래동에 위치하고 있으며, 중문관광단지가 소재한 마을로 제주관광의 중심지이다. 서귀포시의 총 인구는 153,797명이며 하수도 보급률은 77.7%이다('10 제주특별자치도 통계연보). 색달하수처리장이 위치한 예래동의 농지면적이 1,122ha이며, 밭(772.6)과 과수원(280.2) 등 제주도의 전형적인 농촌마을이다. 대상지역의 주요작물은 감귤, 무, 마늘, 양배추 등이 많이 재배된다. 제주도는 연평균 강수량이 1,832.6mm로 전국평균 1,274 mm 보다 많은 편이며, 월별 강수량은 6~8월까지 3개월 동안 연 강우량의 44%정도가 내려 여름 장마철에 집중되는 것으로 나타났다. 대상지구의 필요수량은 농업생산정비 계획설계기준에 제시된 방법을 이용하여 산정하였다. 지구내 재이용수를 공급할 관정 4개소의 총 설계 채수량은 $2,916m^3/day$, 급수면적은 125.0ha이며, 10년한발(가뭄)시 안정적인 농업용수 공급을 위하여 $4,964m^3/day$(농업용수 $3,834m^3/day$, 조경용수 $1,130m^3/day$)이 필요하다. 하수처리수 재이용을 위한 처리시설의 연간 유지관리비는 인건비, 전력비, 시설물 내구연한을 고려하여 적용 하였으며, 상수도 생산비 절감 비용과 하수재이용수 생산단가를 통한 단위 편익을 산정하면 401.5원/$m^3$ 이다. 연차별 수익으로 산정하여 비용 편익 비율(B/C Ratio)을 나타내면 1.22로 나타났다. 본 연구의 결과로부터, 대상지구의 수자원여건, 입지여건, 장래 수요, 등을 고려할 때, 제주 색달 하수처리장의 하수처리수의 농업용수재이용 사업은 타당성이 매우 높다고 할 수 있다. 그리고 특히 이 지역은 관광단지의 조경용수 수요(중문골프장 등)가 있어 용수의 유료공급이 가능하고 이를 유지관리비로 충당할 수 있어 타지역에 비해 사업의 경제성과 환경보전성이 매우 크다.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.41 no.5
• /
• pp.571-580
• /
• 2021

When constructing railway stations, gates shall be located in appropriate locations for convenient use. However, to reduce construction costs, the number of gates was minimized and the location was not appropriately placed to the direction of many users. This study proposed a method to calculate the benefits of additional gate installations using the improvement of pedestrian traffic flow, occupied area and travel time as economic effects. In particular, a method of estimating the percentage of people using certain gates and the number of people by route within the station was proposed. This method was applied to analyze the effect of additional gates to Gwang-myeong Station on the Shinansan Line, which is to be opened in 2025. The effect has only improved in mobility. The first year of its opening was estimated at 5.91 billion won for mobility and 75.8 billion won for cost, and the B/C was 1.21 for 30 years after its opening. It is expected that this method will be applied to systematic effect analysis when additional gates are installed at unopened railway stations as well as existing railway stations.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.41 no.6
• /
• pp.715-725
• /
• 2021

When constructing railway stations, gates shall be located in appropriate locations for convenient use. However, to reduce construction costs, the number of gates was minimized and the location was not appropriately placed to the direction of many users. This study proposed a method to calculate the benefits of additional gate installations using the improvement of pedestrian traffic flow, occupied area and travel time as economic effects. In particular, a method of estimating the percentage of people using certain gates and the number of people by route within the station was proposed. This method was applied to analyze the effect of additional gates to Gwang-myeong Station on the Shinansan Line, which is to be opened in 2025. The effect has only improved in mobility. The first year of its opening was estimated at 5.91 billion won for mobility and 75.8 billion won for cost, and the B/C was 1.21 for 30 years after its opening. It is expected that this method will be applied to systematic effect analysis when additional gates are installed at unopened railway stations as well as existing railway stations.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.17 no.8
• /
• pp.127-132
• /
• 2016

This study evaluated the economic value of the development of a new variety of Citrus unshiu using the income approach, Net Present Value (NPV), Internal Rate of Return (IRR), and Benefit/Cost (B/C) ratio. The new variety of Citrus unshiu was developed by the national institute of horticultural and herbal science in Korea, rural development administration. The technological evaluation of the development of a new variety of Citrus unshiu can be used to improve the efficiency and practicality of the development of a new variety of citrus. From the research results, the technological value of development of a new variety of Citrus unshui was evaluated at 109,455(discount rate=8%, minimum), 195,040(discount rate=4%, maximum), and 145,375(discount rate=6%, average) million won. The IRR was 51.4%, which was greater than the discount rate(4~8%). The NPV was evaluated at 145.3 billion won(discount rate=6%, average), 195.0 billion won(discount rate=4%, maximum) and 109.4 billion won(discount rate=8%, minimum), all of which were greater than 0. The B/C ratio was evaluated at 60.9(discount rate=6%, average), 81.3(discount rate=4%, maximum) and 46.1(discount rate=8%, minimum), all of which were greater than 1. Therefore, the economic validity of the development of a new variety of Citrus unshiu was identified by this technological evaluation.