• Title/Summary/Keyword: Benefit analysis

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Ensuring Economic Benefits of Mitigation Projects for Improving the Image of Construction Industry

  • Son, Chang-Baek;Shin, Won-Sang;Kim, Dae Young
    • Journal of Korea Society of Industrial Information Systems
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    • v.19 no.3
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    • pp.67-74
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    • 2014
  • Over the last several decades, the United States has experienced a great number of natural disasters. To minimize the impact of the natural hazard events, the U.S. government spent a tremendous amount of money through federal assistant programs. To be eligible for the programs, a mitigation project must be cost effective (more benefits compared to project costs). However, the state and local communities suffering from the natural disasters generally have difficulty in collecting reliable evidence for their damages which can be converted later into benefits when a mitigation project is implemented. Therefore, this paper shows the process of conducting a benefit cost analysis with limited data. Besides, it also provides how to apply the limited data to the analysis through a case study. Consequently, this paper help state and local communities get funding from the federal government, which in turns will improve the image of construction industry by preventing people from natural disasters.

Evaluating the Economic Effects of Fishing Vessel Buyback Programs in Korea (우리나라 연근해어선 감척사업의 경제적 투자효과 분석)

  • Pyo, Hee-Dong
    • Ocean and Polar Research
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    • v.28 no.1
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    • pp.25-35
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    • 2006
  • Fisheries buyback programs have been implemented from 1994 in Korea, and its scale is estimated to have a value of 930 billion won, which is compounded for eight years since 1994. The paper evaluates the programs' economic and financial viability, and predicts efficient ways about how much and how long to reduce fisheries vessels so as to pursue a target biomass at MSY, For the specific purpose of the paper, aggregate fisheries stock dynamics and catch functions are specified and estimated by yearly catch and fishing effort data from 1970 to 2001, using ASPIC model and Schaefer's logistic production model. Results show that the fisheries stock in Korea has steadily declined since 1970, and that Korean fisheries overexploitation has steadily increased. Using cost-benefit analysis method, the buyback program holds the economic and financial feasibility even if the scale of buyback programs is not sufficient to avoid the downward trend in fisheries stock and harvest. The potential investment scale is predicted in several alternative scenarios using the sensitivity analysis method. The results recommend the annual reduction of 46%, 12% or 20% for the next one year, five years or three years, respectively so that the target biomass at MSY may be reached in 25 years.

Image and Altitude on the Alpha-Numeric Brand Name of Fashion Products (패션제품의 숫자 결합 상표명에 대한 이미지와 태도에 관한 연구)

  • Park Hye-Won;Ryou Eun-Jeong
    • The Research Journal of the Costume Culture
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    • v.13 no.3 s.56
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    • pp.494-502
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    • 2005
  • The purposes of this study were to investigate the images on the alpha numeric brand name of fashion products, to identify the influences of clothing pursuit benefit on the brand name image and to determine the significant images on the attitude and purchasing intention. The data were collected via a self-administered questionnaire from 270 male and female students of undergraduate school in Kyongnam province during the March, 2004. Using SPSS 12.0 package, Cronbach's a, frequency analysis, factor analysis, and multiple regression analysis were performed. The results could be summarized as follows: First, the image dimensions of alpha-numeric brand name were composed of natural, new, active, urban, impactive and interesting image. Clothing pursuit benefits were composed of the brand value, attractiveness, fashion, individuality and economic value pursuit, Second, Clothing pursuit benefits had an significant effect on the image preference of alpha-numeric brand name. Especially, individuality pursuit and attractiveness pursuit have influenced on the natural, new, active, urban images. Third, the new, active, impactive, natural images had significant effects on the attitude, purchasing intention and conformity of products.

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DSM Resources Evaluation and Customer Behavior Analysis (DSM 자원평가 및 소비자 행태 분석)

  • Ahn, Nam-Seong;Park, Min-Hyuk;Rhu, Jae-Gook
    • Korean System Dynamics Review
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    • v.5 no.1
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    • pp.49-71
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    • 2004
  • Demand-side Management can be defined as'any utility activity aimed at modifying customers' use of energy to produce desired changes in the utility's load shape'. Customers benefit by being able to control energy costs and improve quality of life and become more productive. Utilities benefit from DSM's value as a resource that enhances asset utilization and reduces both fuel costs and environmental emissions. The scope of DSM includes load management through rate schedules and conservation by improving energy effciency and using electricity consumption effectively. This paper study the DSM resource evaluation and customer behavior analysis todesign the DSM Program plan in response to customer needs. We develop basic system dynamics model to analysis the customer behavior based on a survey research. The DSM Program participants in the Hi- efficiency Inverter, Electric motor and efficient lighting applicancies operating by Conservation program 2002 become the survey objects. DSM resource evaluation evaluate firstt the distribution potentialities of each machine and then forecast the degree of diffusion. We apply the system dynamic approach to simulate the dynamic DSM market situation at the domestic beginning. This model will give the energy Planner the opportunity to create different scenarios for DSM program planning. Also it will lead to increased understanding of the dynamic DSM market

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A Study on Power System Characteristics and Economic Benefit by Operating the New SIHWA Tidal Power Plant (시화호 조력발전소 신설에 따른 전력계통 특성 및 경제적 이득 분석)

  • Kim, Kyu-Ho;Song, Kyung-Bin;Kim, Sang-Min;Lee, Mu-Sung;Choi, Hong-Seok
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.61 no.6
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    • pp.791-796
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    • 2012
  • This paper presents the various analysis of the power system for operating the new SIHWA tidal power plant. In the analysis of the power system, summer load condition of 2011 is used. Especially, power flow, fault current, voltage and contingency of SIHWA tidal power plant area are analyzed by using PSS/E and there is no problem for the dynamic stability simulation. The new SIHWA tidal power plant is located in near metropolitan area where about 43% amount of the system load is consumed. Therefore, transmission losses are reduced. In addition, system marginal price can be lowered by generating the new SIHWA tidal power plant. The generation pattern of the SIHWA tidal plant is analyzed and the changes of generation are presented for various water levels by control of the rotor angle alpha and beta in water wheel generator.

Health Economics Evaluation of a Gastric Cancer Early Detection and Treatment Program in China

  • Li, Dan;Yuan, Yuan;Sun, Li-Ping;Fang, Xue;Zhou, Bao-Sen
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.13
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    • pp.5133-5136
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    • 2014
  • Objective: To use health economics methodology to assess the screening program on gastric cancer in Zhuanghe, China, so as to provide the basis for health decision on expanding the program of early detection and treatment. Materials and Methods: The expense of an early detection and treatment program for gastric cancer in patients found by screening, and also costs of traditional treatment in a hospital of Zhuanghe were assessed. Three major techniques of medical economics, namely cost-effective analysis (CEA), cost-benefit analysis (CBA) and cost-utility analysis (CUA), were used to assess the screening program. Results: Results from CEA showed that investing every 25, 235 Yuan on screening program in Zhuanghe area, one gastric cancer patient could be saved. Data from CUA showed that it was cost 1, 370 Yuan per QALY saved. Results from CBA showed that: the total cost was 1,945,206 Yuan with a benefit as 8,669,709 Yuan and an CBR of 4.46. Conclusions: The early detection and treatment program of gastric cancer appears economic and society-beneficial. We suggest that it should be carry out in more high risk areas for gastric cancer.

A Study on the Business Feasibility of Marine Leisure Ship

  • Jung-Suk Choi;Kyoung-Hoon Choi
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.29 no.3
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    • pp.288-295
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    • 2023
  • The purpose of this study is to evaluate the feasibility of the new marine leisure ships. In order to achieve the research purpose, the cost and income were calculated based on the operating of other marine leisure ships, and the feasibility of the project was empirically analyzed. This study established a research model that applies the values derived by empirically analyzing ships with similar specifications, to the new marine leisure ships. We then calculated the cost-benefit analysis, net present value, and internal return, and evaluated the feasibility of the project based on this. As a result of the business feasibility analysis of investing in marine leisure ship, it was found that economic feasibility exists with a B/C of 1.042 and 1.049 for new and secondhand ships, respectively; however, considering the stability of the ship and the publicity and continuity of the business operation, it is recommended to invest in new ships compared to secondhand ships. The total benefit over the 10-year operating period using a social discount rate of 4.5% was evaluated to be about KRW 292.0 billion, which is higher than the total cost of KRW 256.6 billion. In conclusion, the profitability analysis showed that the B/C was 1.042, the NPV was KRW 193 billion, and the IRR was 2.1%, which indicates that profitability is weakly secured.

Nonlinear finite element analysis on the pullout behavior of the mechanical anchorage of reinforcement in concrete (기계적 정착된 철근의 인발거동에 대한 비선형 유한요소 해석)

  • 천성철;이성호;오보환;박형철;나환선;김상구
    • Proceedings of the Korea Concrete Institute Conference
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    • 2003.11a
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    • pp.132-135
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    • 2003
  • Mechanical anchorage can substitute a standard hook. To enhance the workability and economical benefit of mechanical anchorage, the size of anchor plate should be optimized. In this paper, the pull-out behaviors such as strength, failure mode, and crack patterns of mechanically anchored reinforcement in concrete are investigated using nonlinear finite element analysis. The nonlinear finite element analysis results are consistent with the experimental results. These results show that the optimal anchor plates can be designed using the nonlinear finite element analysis.

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The Benefit Cost Analysis of the Accident Prevention Cost in Construction Work (건설공사의 사고예방비용에 대한 투자효과 분석)

  • Park Jong-Keun
    • Journal of the Korean Society of Safety
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    • v.20 no.1 s.69
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    • pp.113-118
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    • 2005
  • This study delivers the actual condition of investment for industrial accident prevention based on survey of 500 construction sites from 'reports far industry safety and health' published by Korea Occupational Safety & Health Agency (KOSHA). The various research techniques were used such as technical statistic analysis for construction industry, cost comparison of industrial accident prevention and accident loss. A formula was deduced to calculate accident loss and accident frequency by accident prevention cost through regression analysis.

The Benefit Cost Analysis of the Accident Prevention Cost in Construction Work(II) (건설공사의 사고예방비용에 대한 효과분석(II))

  • Lim Heon-Jin;Kim Chang-Eun;Kim Jin-Soo
    • Journal of the Korea Safety Management & Science
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    • v.7 no.5
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    • pp.19-30
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    • 2005
  • This study delivers the actual condition of investment for industrial accident prevention based on survey of 526 construction sites. The various research techniques were used such as technical statistic analysis for construction industry, construction and civil engineering works, cost comparison of industrial accident prevention and accident loss. A formula was deduced to calculate accident loss and accident frequency by accident prevention cost through regression analysis.