• Journal of Environmental Policy
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• v.12 no.4
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• pp.71-92
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• 2013

Unlike general public investment projects, when it comes to environmental public investment projects, there is a gap between those who pay the costs, and those who receive the benefits. This is because of the long term nature of environmental investments, which entails that the majority of the costs are paid by the current generation, while the benefits are reaped by future generations. Because of this, when the social discount rate is set at a standard, singular rate, an issue of relative underestimation of the benefits reaped by future generations may occur during the analytic process. This paper begins with the recognition of this problem, and attempts to estimate a suitable social discount rate that can be applied to environmental investment projects. Taking into account recent economic situations, the social discount rate is currently being estimated at between 2.9 ~ 4.9%. Also, this paper used preliminary feasibility studies that took place so far, to analyze the standard pattern of benefit generation. This revealed that alterations in social discount rates can bring significant changes in economic feasibility test results. Simulation results showed that roughly 6% of B/C ratios could be increased by 1%p. resulting in a decrease in social discount rates. Also if we use hyperbolic discount rates, instead of using the current singular rate, there would be a meaningful increase in the benefits for the future generation.

• Journal of the Korean Society for Railway
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• v.14 no.4
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• pp.370-375
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• 2011

In this paper, as a follow-up PRT studies of "J. Lee & K. Kim[2]", in terms of public transportation systems, economic feasibility of PRT systems was investigated. Based on previous studies, PRT demand was estimated and the required number of PRT vehicles has been calculated and the benefit was estimated. To ensure the economic feasibility, construction cost of a PRT system should be the level of 8 billion won per km, and the annual operating costs of the PRT system construction should be approximately 4.63% level. As a result, how much to reduce PRT construction costs, depending on whether decisions are considered to be economically feasible. Thus, PRT technology development will be conducted by targeting the most lightweight and by minimizing the infrastructure and vehicles of PRT.

• Environmental and Resource Economics Review
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• v.14 no.4
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• pp.867-891
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• 2005

The purpose of this study is estimating the recreation benefits of the largest 10 dam reservoirs in Korea. A mixed logit or random parameters log it model is constructed and estimated. Not only the recreation value of each dam lake but also the values of the main characteristics of the lakes such as the amount of water reserved, and the availability of boating and fishing are estimated. It is shown that recreation value is not less than other benefit such as irrigation, industrial, municipal use, hydro power, or even flood control benefit.

• Journal of Korean Society of Transportation
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• v.27 no.2
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• pp.199-206
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• 2009

In relation with economical efficiency analysis on investment evaluation of transportation system, among vehicle operating cost saving benefit that is applied to general preliminary assessment guidelines and investment evaluation guidelines, oil expense calculated data which concentrated and analyze on the relationship between oil consumption amount on running state and running speed. For uninterrupted flow which does not have stopped delay due to traffic signal, consideration for reduction benefit is possible due to the changes of running speed and travel time however, for interrupted flow which the stopping occurs due to signal control on actual signal intersection has no consideration for stopping delay time reduction and stopping rate improvement thus reflection of reality on improved effect analysis is difficult. Therefore, this research makes a framework to analyze benefits that reflects the features of signalized intersections by benefits associated with decrease of stopping delay time with existing research and developing vehicle operating cost calculation model formula. Vehicle operating cost has been redefined considering the stopping delay time by applying the oil consumption amount at idling and the economical benefit between conventional model and newly developed model when applied for the optimization of traffic signal system on the two roads in Seosan city has been analyzed comparative. While the importance of traffic system maintenance is being emphasized due to the increase of congested areas on roads, it is expected to assist in more realistic economical analysis which reflect the delay improvement through the presentation of an economic analysis model that considers the features of signalized intersections in signal optimization system improvements and effect analysis of congestion improvement projects`.

• Environmental and Resource Economics Review
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• v.21 no.3
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• pp.743-776
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• 2012

This study utilizes the meta-analysis for the benefits transfer (MA-BT) approach to measure social costs the 7 target sites in the City and County of Honolulu. The estimated MA models (MA-1 and MA-1) were evaluated in terms of validity and reliability criteria. This study utilized a parametric t-test and a non-parametric sign rank test for checking validity. A transfer error measured by an absolute percentage difference was utilized to check reliability their similarity. The GIS was utilized for data collection in order to measure social costs for each target site. The results clearly demonstrated that social costs were substantially higher thant direct costs and varied market conditions and different methods used. In terms of validity and reliability criteria, MA models were preferred to the mean transfer value approach. MA-BT approach is desirable for measuring social costs for a project designed to measure social costs for these 7 proposed landfill sites with inaccessible data, on short time frames, and with little money. If researchers and planners have enough time and money, they can implement primary research. If not, the meta-analysis for the benefits transfer approach can be much better than no framework. The use of a GIS can help to identify secondary data within a specific radius of each target site.

• Journal of Labour Economics
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• v.31 no.1
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• pp.59-103
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• 2008

The purpose of this study is to estimate the effectiveness of vocational training for the unemployed. The results show that the unemployed who received vocational training commended better performances than those unemployed without any vocational training in respect to the duration of job-seeking period and the success rate of obtaining a job, however no significant change can be found in their wage level after holding a job between the two groups. It can be seen from the cost-benefit analysis, although the trained unemployed show better performance than the untrained unemployed, those that were trained by the Korea Chamber of Commerce and Industry(KCCI) do not show better performance than those that were trained through a private vocational train school since the training cost is much higher in the KCCI.

• Journal of the Korean Regional Science Association
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• v.33 no.3
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• pp.49-59
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• 2017

The piezoelectric energy harvester is recently being developed and catching on as a way to achieve low carbon green growth. The practical application of the piezoelectric energy harvester is expected to contribute not only to the reduction of greenhouse gas emissions but also to the improvement of residents' welfare. This paper conducted a cost-benefit analysis for the installation of piezoelectric energy harvester on the highway focusing on its impacts on the public. The results showed that the installation of piezoelectric energy harvester on the gyeongbu highway is economically feasible in that it could increase the social welfare for the residents. Finally, this paper suggests policy direction for the practical use of the piezoelectric energy harvester, based on the results obtained.

• Proceedings of the Korea Water Resources Association Conference
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• 2020.06a
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• pp.275-275
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• 2020

홍수빈도분석의 실용적 측면의 목적은 특정 재현기간에 대하여 발생 가능한 홍수량을 설계홍수량(design flood)으로 설정함으로써 댐, 제방, 배수시설, 하수관거 등의 치수기능을 가진 치수시설물이 설계홍수량 내에서 홍수로 인한 피해를 발생시키지 않도록 그 규모와 기능을 설계함에 있다. 이와 같은 중요한 기능을 담고 있는 홍수빈도분석의 기술적 절차는 해외 및 국내의 기존 연구자들에 의해 많은 연구가 진행된 바 있으나, 보다 적절한 설계홍수량 산정절차 및 설계홍수량의 최종 결정을 위한 기술적 수단의 제공을 위한 연구가 많은 연구자들에 의해 지금도 진행 중에 있다. 그러나 이와 같이 결정된 설계홍수량이 특정유역에서 발생될 수 있는 피해규모에 대해 얼마나 적정한 지의 여부를 과학적으로 판단하기 위한 연구는 많지 않다. 따라서 본 연구에서는 홍수빈도분석을 통해 산정된 설계홍수량의 적정성 여부를 과학적으로 판단하기 위해 비용-편익분석 기법을 이용하여 최적설계홍수량을 결정하였다. 특히 본 연구에서는 불확실성으로 발생되는 범위를 고려한 최적설계홍수량을 산정하기 위하여 Metropolis-Hastings 알고리즘을 사용하였으며, 자료의 종류에 따른 홍수량의 변화를 분석하기 위하여 년최대계열 및 부분시계열 자료를 각각 적용하였다. 한강유역에서 가평대성, 여주 및 한강대교 수위표 지점에서 측정된 자동관측유량장치에 의한 홍수량 자료를 활용하였으며, 최적설계홍수량이 기존 설계홍수량에 비해 크게 산정됨을 알 수 있었다.

• Journal of Korea Port Economic Association
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• v.31 no.4
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• pp.17-38
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• 2015

The purpose of this study is to suggest new methods for evaluating the benefits of a preliminary feasibility study for port construction. For this purpose, this study analyzes the problem of barge loading and unloading systems, and suggests new methods such as using neighboring same kinds of ports first. The study also estimates the benefits for ports that have been evaluated by the existing theory, using the newly suggested methods. The result suggests that there is a possibility to reduce the level of economic feasibility for both general and container-exclusive ports by applying the newly suggested methods.

• Management & Information Systems Review
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• v.31 no.4
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• pp.309-337
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• 2012

This study aims to suggest theoretical models and background for the analysis of antecedent factors such as customer satisfaction and repurchasing decision by use of Technology-Based Self-Service (TBSS) delivery service. Specifically, the study have focused on the analysis that after the values of customer satisfaction and repurchasing decision were transformed into the values of Cost-Benefit analysis and then compared with the values of result benefits, process benefits, financial costs and non-financial costs. After analysis, it was found that ordering and delivery service by use of TBSS has a positive influence on customer satisfaction in terms of result benefits, process benefits, time savings and financial cost savings. In addition, it was confirmed that sub-category of customer satisfaction such as overall satisfaction, satisfaction for expectations, satisfaction for ideals has also a positive impact on repurchasing decision. It is expected that the results of this study will help analyze the customer satisfaction and repurchasing decision and provide a practical help for a business.