• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.5D
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• pp.461-465
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• 2010

The objective of this study is to calculate road user costs that caused by the expansion work of metropolitan arterial highway and to analyze the costs that affect economic feasibility evaluation. "Taerung~Guri IC" section of Bukbu Expressway was selected as a case study. As a result, it shows that these costs could be a factor for determining economic feasibility for some projects. However, decreased capacity and free-flow speed are seriously different as period, type, length and traffic volume of work zones. These factors that decrease traffic capacity and free-flow speed should be deeply researched in the future.

• Journal of Korean Society of Transportation
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• v.32 no.4
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• pp.401-409
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• 2014

This study deals with capacity expansion planning of airport infrastructure in view of economic validation that reflect construction costs and social benefits according to the reduction of passengers' delay time. We first forecast the airport peak-demand which has a seasonal and cyclical feature with ARIMA model that has been one of the most widely used linear models in time series forecasting. A discrete event simulation model is built for estimating actual delay time of passengers that consider the passenger's dynamic flow within airport infrastructure after arriving at the airport. With the trade-off relationship between cost and benefit, we determine an economic quantity of conveyor that will be expanded. Through the experiment performed with the case study of Incheon international airport, we demonstrate that our approach can be an effective method to solve the airport expansion problem with seasonal passenger arrival and dynamic operational aspects in airport infrastructure.

• KCID journal
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• v.8 no.1
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• pp.115-124
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• 2001

농업부문이 사회에 제공하는 다양한 긍정적 외부효과가 인정됨에 따라, 대부분의 농업생산기반시설은 국부를 증진시키는 사회간접자본으로 인식되고 있다. 과거에는 수리시설을 비롯한 기반시설이 단지 생산성 향상을 위한 사회적 투자로 간주되었으며 따라서 사업에 대한 경제성 분석 또한 직접적인 경제적 효과에 대한 편익비용분석에 국한되었다. 그러나 최근에는 농업 및 생산기반시설이 제공하는 비시장적 가치가 점차 인정됨에 따라 그러한 가치 또한 경제성분석에 포함될 수 있다

• Journal of Environmental Policy
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• v.10 no.2
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• pp.61-92
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• 2011

We analyzed the efficiency of environment investments by taking examples of central government's environmental investment (CGEI hereafter) and investment in prevention of environmental pollution (IPEP hereafter). We expanded the scope of existing studies by decomposing the internal rate of return (IRR hereafter) and present value of benefit (Bpv hereafter) into variable cost (VC hereafter) reduction, investment cost reduction (STC-VC hereafter), and rent. And we found that Bpv checks only the magnitude of benefit, while IRR indicates the existence of efficiency by investigating short-run total cost (STC hereafter) reduction and rent. Finally, by analyzing investment efficiency and changing benefit with respect to CGEI and IPEP through the investment efficiency methodology that compares IRR with market interest rate, we executed retrospective benefit-cost analysis. Accordingly, CGEI and IPEP are not efficient. However, IPEP is even more inefficient than CGEI.

• Environmental and Resource Economics Review
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• v.24 no.1
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• pp.85-107
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• 2015

This study analyzes the effect of applying hyperbolic social discount rate onto the results of benefit-cost analysis of environmental public investment projects in Korea. In order to check the application possibility to the actual feasibility study, the discount factors generated by hyperbolic function, rather than traditional exponential one, would be applied to the benefit and cost data from the pre-feasibility studies which peformed for environmental public investment projects. The results of this study shows that using hyperbolic social discount rate is effective for enhancing test results, only under the condition of which the full expansion of the time periods of analysis is satisfied. According to the simulation results of this study, to achieve higher benefit/cost ratio by using hyperbolic social discount rate, the period should be increased up to 120 to 150 years at least.

• 한국신재생에너지학회:학술대회논문집
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• 2005.06a
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• pp.656-659
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• 2005

his paper develops the systematic and quantitative priority-determining method for national investment using the framework of evaluating R&D. This study proposes multi criteria for evaluating the R&D of New & Renewable Energy through analysing the attribute of 11 types of energy. The framework is constituted by 4 criteria, the political urgency, economic impact, regional constraint. and technological attribute and the each criteria has 3 or 4 sub-criteria. These sub-criteria are weighted using AHP.

• Proceedings of the KIPE Conference
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• 2017.07a
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• pp.475-476
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• 2017

본 논문은 다수의 국외 시장 전망 보고서를 기반으로 최근 해외 도입 및 국내 구축 예정인 DC 배전 시장 동향과 경제적 효율성을 분석하였다. 분석 방법은 3가지 시나리오에 따라 2030년까지의 시장 규모 추이를 예측하고, DC 배전을 구성하는 배전용 전력기기의 시장 규모를 도출하였다. 또한 시장점유율, 부가가치율, 온실가스 감축 등의 요소를 적용하여, 세계 시장에 대한 국내 기업 점유율에 따른 DC 배전의 편익을 계산하였다. 그 결과 2030년 기준 DC 배전 시장 규모의 긍정적 확장성을 예측할 수 있었으며, DC 배전용 전력기기 시장 규모와 이에 따른 경제적 편익을 확인하였다. 추후 연구에서는 DC 배전 시장을 구성하는 각 부문들의 규모 추이를 파악하고, 국내 DC 배전용 전력기기 개발 실데이터를 적용하여 비용편익비(BCR)를 도출하고자 한다.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.23 no.2
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• pp.89-105
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• 2024

Bus stop improvement conveys users their usability. It is essential that transportation jurisdictions should identify quantitative effects of a bus stop improvement to invest effectively and expand consistently. Nevertheless, there is currently no research to estimate the quantitative effect on bus stops improvement. In this study, the willingness to pay and the benefit-cost ratio for the bus stops improvement were estimated through a contingent valuation method based on user satisfaction. It was found that the bus stop improvement located in urban areas can achieve high-cost benefits, and it in suburban areas has a great impact on improving the quality of life of local residents. The results of this study will be used as a basis for expanding the bus stop facility improvement project.

• Journal of the Korean Society for Marine Environment & Energy
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• v.16 no.3
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• pp.217-225
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• 2013

It is time to develop new renewable energy that could fundamentally replace fossil fuel, which has been increasingly needed due to environmental pollution and energy security. Korean marine bio-energy development project is planned to produce 50% of total bioenergy. This study attempts to measure the greenhouse gas emission reduction benefits of marine bio-energy development project through contingent valuation method. Single bounded dichotomous choice (SBDC) is applied with spike model. The results show that the average willingness to pay are estimated to be KRW 4,190 at SBDC, per household per year. If the result has been expanded to the region which is survey conducted, KRW 50.1 billion annually. These quantitative information can be usefully utilized in the cost benefit analysis to implement project and policy-making for the industrialization of marine bio-energy development project.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.34 no.1
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• pp.285-292
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• 2014

BIM (Building Information Modeling) is a new paradigm that includes construction life-cycle, and BIM has become mandatory regulation according to the Public Procurement Service since 2016, which accelerates its application. BIM is now expand from architectural field to infrastructure industry. Through pilot projects, BIM has been challenged with verification process. This trend has affected to maintenance and operation (M&O) phase of construction life-cycle. Advanced country has already published their research and result with feasibility study and guidelines. In this paper, we conduct the feasibility study to adopt BIM-based infrastructure management system. Bridges and tunnels were selected as application target, and benefit/cost ratio were used. The result shows that BIM-based infrastructure management system is feasible when the level of detail is more than "Medium" in bridge, and "High" in tunnel.