• Journal of Digital Convergence
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• v.3 no.1
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• pp.115-148
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• 2005

This study is intended to suggest a more reasonable and practical method of estimating discount & capitalization rate for valuation of closely-held culture content business, that is, to modify the Buildup Summation Model(which is recommended for the closely-held business by the NACVA) by adopting the weighted ratings in the CT Project Investment Evaluation of the Korea Culture Contents Association to risk factors of the Buildup Summation Model. This method is ease to apply for closely-held culture content business and has advantages in applying the weighted rates based on the characteristics of respective culture contents. And it can make up for the Weighted Average Cost of Capital (WACC) which shows generally low discount rates.

• Journal of Korean Society of Transportation
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• v.15 no.1
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• pp.27-43
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• 1997

본 연구의 목적은 1995년 우리 나라에서 발생한 교통사고의 인명피해비용을 추정 하는 것이다. 인명피해비용추정을 위한 방법론으로는 인적 자본법을 사용하였다. 인적자본 법의 기본이 되는 미래손실생산량의 계산은 임금을 기본으로 하지 않고 GNP를 기준으로 삼는다. GNP 상승률을 8.14%로 고정하고, 성장률에 대한 할인율의 비를 0.92, 0.94, 0.98 로 정하고, 이에 따른 할인율은 0.17, 0.15, 0.10으로 계산된다. 따라서, 각각의 비율에 따 른 총 인명피해액은 1조 2천억원, 1조 5천억원, 2조 6천억원이 된다. 또한, 평균인명피해액 을 구하면, 1억 2천 5백만원, 1억 5천 3백만원, 2억 5천 5백만원이 되며, 비용-편익 분석 을 위한 추정된 총 주행거리당 원단위 비용은 각각의 경우, 5원, 6원, 10원으로 산정 되었 다. 본고에서 추정한 총 주행거리당 원단위 비용은 도로 안전시설물 투자전 평가에 도움을 줄 수 있으리라 기대된다.

• Proceedings of the Korea Society of Information Technology Applications Conference
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• 2002.06a
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• pp.3-5
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• 2002

• Korean Journal of Construction Engineering and Management
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• v.18 no.4
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• pp.27-35
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• 2017

Based on Income-approach, this study develops the evaluation model which reflects construction industry's traits. Using Income approach, we derive future income's present value and evaluates the technological value by contribution to future income. As there exist more random variables in construction technology than in standardized manufactured products, we cannot help relying on not only quantitative estimation method but also qualitative evaluation by technology and market experts when we estimates construction technology value. Also, conservative estimation is needed for discount rate and cash-flow estimation, because of high uncertainty in sales and profits in construction industry. In empirical analysis, we applied economic periods of duration and cash-flow based on the standard guideline, and analyzed discount rate and technology factor based on characteristics of construction industry. The discount rate is estimated to 15% because of risk-premium increase by conservative evaluation. Technology factor is estimated to 46.7%, because technological intensity is estimated to 72% by technological superiority. Such implications can be inferred. Firstly, we need to build a database to diversify categories for division of sectors by activity or industrial classification which is now categorized only by two sectors in standard guideline. Secondly, the roles of experts who participate in technology evaluation are important because of volatility of construction technology.

• Journal of Energy Engineering
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• v.23 no.4
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• pp.256-262
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• 2014

Cycle length of domestic nuclear power plants is determined by the demand-supply plan of utility company. The target cycle length is achieved by adjusting the number of feed fuel assembly and fuel enrichment. Traditionally, utility company first select the number of feed fuel assembly and then find out the fuel enrichment to achieve the special cycle length. But it is difficult to find out if this method is most economical than any other combinations of the enrichment and batch size satisfying the same cycle length. In this paper, core depletion calculation is performed to find out the optimum combination of the enrichment and batch size for given target cycle length in terms of fuel cycle cost using commercial core design code; CASMO/MASTER code. To minimize the uncertainty resulting from transition core analysis, levelized fuel cycle cost analysis was applied to the equilibrium cycle core in order to determine the optimum combination. The sensitivity study of discount rate was also carried out to analyze the levelized fuel cycle cost applicable to countries with different discount rates. From the levelized fuel cycle cost analysis results, the combination with smaller batch size and higher fuel enrichment becomes more economical as the discount rate becomes lower. On the other hand, the combination with higher batch size and lower fuel enrichment becomes more economical as the discount rate becomes higher.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.17 no.4
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• pp.280-293
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• 2005

In this study, a model to calculate the expected total construction cost has been developed by combining a model to calculate the sliding distance of a caisson of a vertical breakwater and a model to calculate the rehabilitation cost of a caisson. The optimal cross-section of a caisson of a vertical breakwater is defined as the cross-section that requires a minimum expected total construction cost within the allowable limit of caisson sliding. Two allowable limits are considered: 0.1 m of the expected sliding distance during the lifetime of the breakwater and 0.1 of the probability that the cumulative sliding distance during the lifetime of the breakwater is greater than 0.3 m. A discount rate has also been introduced to convert the future rehabilitation cost to the present value. The introduction of the discount rate reduces the expected total construction cost for the caissons designed for shorter return periods due to frequent rehabilitations. The present design method requires a smaller cross-section than the conventional deterministic method in shallow water depths, enabling us to design a caisson more economically. On the other hand, the above-mentioned allowable limits of caisson sliding show similar results for smaller water depths, while, for larger depths, the former requires a larger cross-section than the latter.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.6 no.9
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• pp.27-33
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• 1983

This Paper represents time-dependent stochastic variations of common discounted cash flow formulae with explicit consideration given to inflation. The cash flow, the ratio of discounting or compounding, and the rate of inflation are allowed to vary with time in a random fashion in equations for the compound amount of a single payment, present worth of a single payment, amount of an annuity, periodic deposits to accumulate a future amounts, present worth of an annuity and capital recovery And all formulae are derived for the case of discrete random variations.

• Proceedings of the Korean Society of Computer Information Conference
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• 2010.07a
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• pp.393-396
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• 2010

생산자로부터 고객에 이르는 상품 공급 활동을 관리하는 경영기법인 공급사슬관리(SCM)는 기존의 폐쇄적이고 정적인 환경에서 개방적이고 동적인 환경으로 변화하고 있다. 이러한 변화에 대응하기 위한 실험이나 연구는 부족한 상황이다. TAC SCM은 동적인 SCM 환경에서 다른 경쟁자들과의 경쟁을 통하여 다양한 SCM 전략을 시험할 수 있다. 본 연구에서는 실시간 SCM 환경에서 능동적 할인 전략을 적용한 에이전트를 설계 및 구현하였다. 능동적 할인은 입찰 성공률에 따라 할인율을 변경하여 적용하여 항상 일정한 생산량을 보유할 수 있도록 한다. 본 연구의 실험 결과에서 제안한 에이전트가 서버에서 제시한 Dummy 에이전트보다도 높은 수익과 안정된 생산을 할 수 있음을 보였다.

• 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 the Korea Academia-Industrial cooperation Society
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• v.18 no.5
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• pp.587-595
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• 2017

The study examinesthe hindrance factors including various laws and institutions with regard to the Unbundled Parking System (UPS) that has recently attracted the greatest attention as a way to manage traffic demand for sustainable development, efficient utilization of parking spaces, and to overcome the unstable housing market.The direction of improvement of related laws and institutions is also suggested. Its usage is proven by countries such as the United States of America and France, as they have already implemented this institution. To lay the foundation for the introduction of UPS of our own country, a survey on the preference for UPS was conducted. The survey equally divided 300 respondents into three clusters based on the sales price of apartments in Seoul. The analyses revealed that all three clusters have similar preferences (cluster 1: 68%, cluster 2: 62%, cluster 3: 65%) on UPS, and younger groups seem to answer in the affirmative more than the other age groups no matter what cluster they belong to. In conclusion, the results on the estimation of selection probability on the preference of unbundled parking system and sales discount rate are as follow. The groups of non-vehicle users have higher preference on UPS. When the discount rate is 14%, 69%, 77% and 62%ofrespondents would choose unbundled parking system for clusters 1, 2 and 3, respectively (￦6,370,000/PY,￦3,930,000/PY and ￦2,270,000/PY reduce when applying avg. sales price, respectively).