• Title/Summary/Keyword: Benefit cost analysis

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A Cost-Benefit Approach to Measuring On-line Corporate Education Performance (비용-효익 관점의 온라인 기업교육 성과 측정)

  • Choi, Jae-Woong;Choi, Jae-Young
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.4 no.2
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    • pp.81-92
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    • 2008
  • With the increasing prevalence of e-learning courses in human resource development of Enterprise, it is important to investigate which courses are better economic performance. In this study, we proposed the framework for the cost-benefit analysis of e-learning, and attempted to identify cost and benefits factors. In order to achieve the research goal, we firstly tries to analyze the current IT adoption performance framework and e-learning staged performance model. The methodology adopted in the research was mainly that relevant materials, literatures were collected and analyzed to draw a comprehensive picture of the current situation and problems.

A Study on the Economic Feasibility Analysis of Public Library Construction - Focused on the Case of Geumsaem Library Construction - (공공도서관 건립의 경제적 타당성 분석에 관한 연구 - 금샘도서관 건립 사례를 중심으로 -)

  • Kang, Hee-Kyung;Lee, Yong-Jae
    • Journal of Korean Library and Information Science Society
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    • v.48 no.2
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    • pp.99-119
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    • 2017
  • As a part of feasibility study of constructing Geumsaem library, the purpose of this study is to examine the result of economic feasibility analysis on constructing the library. In order to achieve the purpose, we evaluated policy relevance, investigated people's demand for constructing the library, and examined the result of economic feasibility analysis. As the tools of economical efficiency analysis, we used the techniques like cost-benefit ratio, net present value and internal rate of return to analyse the economic feasibility, and we estimated the amount of benefit by contingent valuation method. As the result of this study, cost-benefit ratio for constructing Geumsaem library was turned out as 1.28, and we could get an assessment of positive economic feasibility about constructing the library.

Development on Benefit Indicators of Economic Evaluation of Agricultural Irrigation and Drainage Project -A Case Study between Korea and Japan- (한국 농업 관개배수사업의 경제성 평가를 위한 지표 개발 -한국과 일본의 사례를 중심으로-)

  • Baek, Seung-Woo;Jeong, Ahn-Seong
    • Korean Journal of Organic Agriculture
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    • v.21 no.4
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    • pp.501-522
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    • 2013
  • This study has performed comparative analysis on benefit indicators in agricultural irrigation and drainage project cases between Korea and Japan. The irrigation and drainage project with publicity should do economic analysis of direct benefit factors as well as indirect benefit factors. However, traditional economic evaluations are used that benefit factors are lack of consistency and focused on direct benefits. Therefore, the purpose of this study was to develop indicators for the economic evaluation of irrigation and drainage projects. We conducted a case study between Korea and Japan. The resulting benefit factors was divided into direct factors and indirect factors. The direct benefit factors were increase in income, cost savings. The indirect benefit factors were protection of property due to flooding, agricultural promotion, aesthetic improvement. The implications of this study are that the indicators of economic analysis can be evaluated and easily applied. Moreover, these indicators could promote the feasibility of economic analysis.

Determination of Optimum Investment level for Safely Management by Process Risk Assessment at Gas Governor Station (가스공급기지에서 공정 위험성 평가에 의한 최적 안전관리 투자수준 결정)

  • Kim Tae-Ok;Jang Seo-Il
    • Journal of the Korean Institute of Gas
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    • v.7 no.3 s.20
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    • pp.1-6
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    • 2003
  • This study has suggested a decision method which determine optimum investment level for safety management by process risk assessment at gas governor station. Hazard and operability study(HAZOP), fault tree analysis(FTA) and consequence analysis(CA) were carried out and potential accident cost and benefit for safety management were estimated. As a result, we could be found the trend of safety cost and benefit by the nonlinear regression method and could be determined the optimum investment level for safety management from analysis of safety management cost and potential accident cost.

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A Feasibility Study on the Benefit of Daylighting by LCC Analysis (LCC 기법을 통한 자연채광의 경제성 분석에 대한 연구)

  • Kim, Jeong Tai;Kim, Gon
    • KIEAE Journal
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    • v.6 no.1
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    • pp.3-10
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    • 2006
  • As has been expected, economic factors are a major consideration in almost every decision in building design process. Assuming that improving a lighting system, existing or proposed, will reduce operating cost, what preliminary economic guidelines can be established to determine whether any proposed investment appears cost effective? In such a case a reasonable technique to compare system costs is by life-cycle costing. Stated simply, a life-cycle cost represents the total cost of a system over its entire life cycle, that is, the sum of first cost and all future costs. This paper aims to exemplify the benefit of daylighting in term of economic consideration. Four different electric lighting system designs are proposed and a lighting control system that is continuously operating according to the level of daylight in the space has been adapted. The accumulated performance of electric and daylighting is figured out to declare the effective depth of daylight in the space. The analysis on the saving amount of lighting energy due to daylight has been undertaken in answer to the question, that is, several projects are being considered, which is the most desirable from the cost-effectiveness viewpoint. The result shows clearly that although denser layout of lighting fixtures might be more effective to interface to the level of daylight ceaselessly changeable, its economic benefit may not meet the expected criterion the reason of increased initial investment and maintenance cost for the fixtures and control hardware.

Cost-Benefit Analysis for the Replacement with the CNG Buses in South Chungcheong Province (충청남도에서 CNG 버스로의 전환을 위한 비용-편익 분석)

  • Choi, Yeon-Suk;Park, Byoung-Tae
    • Journal of the Korea Safety Management & Science
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    • v.15 no.4
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    • pp.417-425
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    • 2013
  • According to industrialization and urbanization the number of increasing cars is attributable to an explosive increase of the vehicle emissions. In this study, in consideration of the population and local transportation characteristics of South Chungcheong Province the environmental and economic cost-benefit analyses are performed to evaluate whether the CNG bus conversion gives what kind of effects. Based on the analysis result the expansion and distribution plan of CNG bus is proposed for South Chungcheong Province, and the local supply policy model is also proposed considering the acquisition and management of the economic situation of CNG charging infrastructure and the small transportation companies.

Benefit-Cost Analysis for Developing Jeongja Port in Ulsan (울산지역 어항개발의 경제성 평가 - 정자항을중심으로 -)

  • Kim, Tae-Yong
    • The Journal of Fisheries Business Administration
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    • v.39 no.1
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    • pp.63-85
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    • 2008
  • The objective of this study is to review the methodology of economic analysis of fishing ports by examining the economical feasibilities of a national fishing port (Jeongja Port) in Ulsan. This study utilized market value evaluation method to measure the benefits and costs related to the development of ports. The benefit variables are income effects resulting from the developments while the cost variables are sum of construction costs and maintenance costs. The income effects are measured in two ways: (1) income from individual project resulting from the developments, (2) the income effects by utilizing investment multipliers. The results shows that the BC ratio (Benefits/Costs) of Jeongja port by using (1) income from individual project resulting from the developments was 1.07 while the BC ratio by using (2) the income effects by utilizing investment multipliers was 1.10 due to a relative short period of useful life for investment multipliers. However, the income variable utilizing investment multipliers is more sensitive to the period of duration than the income variable from individual project.

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Cost-Benefit Analysis for the Accident in Chemical Plants (화학공장 사고에 대한 비용${\cdot}$편익 분석)

  • Jeong Taik-Sang;Yoo Jin-Hwan;Ko Jae-Wook
    • 한국가스학회:학술대회논문집
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    • 2005.10a
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    • pp.49-58
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    • 2005
  • A Cost-Benefit Analysis which would help us to make optical decisions among safety investment alternatives, calculating and comparing costs and benefits for facilities in chemical plants. As well as offering the related information in the decision makings for safety improvement, it promotes on-site safety activities and the efficiency of safety investments The developed Cost-Benefit Analysis will eventually contribute to our efforts in economically justifying the safety investments in chemical plants.

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A SCM System Selection Problem using AHP Technique based on Benefit/Cost Analysis (편익/비용분석 기반의 AHP 기법을 이용한 SCM 시스템 선정 모델)

  • Seo, Kwang-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.11 no.2
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    • pp.153-158
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    • 2009
  • An optimal selection problem of SCM system is one of the critical issues for the company's competitiveness and performance under global economy. This paper presents a hierarchy model consisted of characteristic factors for introducing SCM system and an AHP (Analytic Hierarchy Process) based decision-making model for SCM system evaluation and selection. The proposed model can systematically construct the objectives of SCM system selection to meet the business goals. This paper focuses on selecting an optimal SCM system considering both all decision factors and sub-decision factors of a hierarchy model. Especially, the benefit/cost analysis is applied to choose SCM system. A case study shows the feasibility of the proposed model and the model can help a company to make better decision-making in the SCM system selection problem.

Cost-benefit Analysis for Noise Barrier and Low Noise Pavement (방음벽 및 저소음 포장에 대한 비용/편익 분석)

  • Jo, Youn-Hee;Son, Jung-Gon
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2011.04a
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    • pp.502-507
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    • 2011
  • A study on environmental noise hasn't fully researched yet. As society has developed and the quality of life has improved, people started to show a concern about an environmental noise. To ensure a economic feasibility of countermeasures of noise, it is necessary to apply a cost-benefit analysis on choosing optimum measurements. In this study, we addressed the estimation method of the environmental noise value and several domestic and oversea case studies. We also estimate economic value of noise reduction level which is gained from applying noise reduction measurements.

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