• Korea Journal of Hospital Management
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• v.28 no.1
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• pp.1-13
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• 2023

Purpose: This study purposed to analyze the economic feasibility of introducing a third party logistics system as a strategic alternative to hospital management. Methods: Economic analysis was performed by measuring changes in costs and benefits before and after implement the third party logistics system and estimating the size of net benefits for the next five years for the target hospital. A questionnaire survey and in-depth interview with stake-holders were conducted to find out the satisfaction and effectiveness of the system. Findings: According to results, the cost-benefit ratio for the implementation of the system was 1.18. For the next five years, the cost-benefit ratio was 1.48, the net present value was about 1.7 billion won, and the internal rate of return was 64%. The satisfaction of internal stake-holders was relatively high, in terms of improving the concentration of unique tasks and increasing the efficiency of inventory management. Practical Implications: It was found that the increase in benefits had a greater effect on the change in the cost-benefit ratio than the increase in costs resulting from the expansion of logistics, and the increase in the present value of net benefits gradually decreased as the cost increased. In addition, overall job satisfaction and satisfaction with outsourcing companies were relatively low, which means that stabilization of the new system is important. Further study is needed for more accurate economic analysis.

• Asian-Australasian Journal of Animal Sciences
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• v.5 no.4
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• pp.709-715
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• 1992

In this study attempts were made to identify the areas of single animal ploughing (SAP) in Bangladesh, causes of its localization and the socio-economic constraints hindering the expansion of the system. To determine the areas of single animal ploughing, 123 upazilas of 15 districts were surveyed. Of them, 16 upazilas were found heavily engaged with this system. A detailed investigation of 469 SAP and 439 double animal ploughing (DAP) farmers revealed that there was significant difference between the two systems in respect of cost of production and yield per unit of land. The benefit/cost (B/C) ratio was higher in SAP system. However, no significant difference was observed in respect of time required for ploughing, intensity of cropping, cost of implements, and cost of repairing implements (except yoke). The study recommends for expansion of SAP system in areas where buffaloes are concentrated. Fro this purpose, logistic and institutional supports need to be made available.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.5
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• pp.905-912
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• 2011

In this paper, the method on calculating benefits of combined heat and power is introduced for standard evaluation in electrical power system. This paper calculates benefits about new national viewpoint and viewpoint of independent power producers and assesses benefits of combined heat and power in Korea and In Seoul national capital area. Benefit costs are composed of avoid cost of centralized generation, line upgrading adjustment, loss adjustment and electrical power trade cost per year in earlier study, in addition trade cost of $CO_2$, construction cost of combined heat and power for accurate calculation. Benefit of combined heat and power is calculated by simulation results of real electrical power system.

• Journal of Environmental Science International
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• v.10 no.3
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• pp.173-178
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• 2001

The aim of this paper is to evaluate users benefit values of theme park using Travel Cost Method with special reference to Woobang Tower Land in Taegu for the estimation of economic values. This research is mainly based on questionnaire survey of 100 users of the theme park. Socio-economic factors such as income, year of education, annual income, age and money(travel cost) are analysed from 5 residential areas of the respondents. Multiple regression analysis was used for the evaluation of annual number of park visitings based on the analysis. The regression model shows NV = $\alpha$+$\beta_1$TC+$\beta_2$INC+$\beta_3$EDU+$\beta_4$AGE (NV : Annual Number of Visitings, TC : Travel Cost, INC : Annual Income, EDU : Years of Education, AGE : Age). Regarding to visitors demand curve based on the equation showed that annual economic values of Woobang Tower Land was estimated as 50billion Korean Won.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 2014.05a
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• pp.197-199
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• 2014

Todays, with the spread of Mobile devices, SNS service usage has been increasing. While SNS services have many benefits such as providing communication with social functions, these have also negative aspects like fatique. In the point that consumers make their own purchasing decision with considering cost and benefits of goods and services, this paper is to evaluate the value of SNS services considering both sides of beneficial and cost aspects.

• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.48 no.4
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• pp.360-369
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• 2012

The main purpose of this study is to analyse economic feasibility of low-carbon-oriented trawl gear. The results of benefit/cost analysis showed that use of the low-carbon fishing gear is economically feasible. Considering the fuel saving and relatively low $CO_2$ emission by reducing the resistance of gear, net present value by such gear improvement was estimated about 2,430~2,853 million won with the benefit-cost ratio 1.65~1.84 and the internal rate of return 29.18~30.48 percent. Development of low-carbon trawl gear would render significant contributions to reducing $CO_2$ emission in fishing operations and lead to reduce fishing costs due to fuel savings.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.19 no.7
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• pp.491-499
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• 2007

An architectural means of optimal daylight distribution is by using so-called light shelf systems, horizontal shading and redirecting devices. The overall performance of the daylighting system can be improved by the incorporation with electric lighting control devices. This paper aims to exemplify the benefit of daylighting in term of economic consideration. 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. 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 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 devices.

• KIEAE Journal
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• v.6 no.3
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• pp.11-18
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• 2006

Attention on daylighting should be focused not so much on a simple maximization of the natural light available in a space, as on improving the quality of lighting by ensuring as even but intense distribution of illumination in inner areas. An architectural means of optimal daylight distribution is by using so-called light shelf systems, horizontal shading and redirecting devices. The overall performance of the daylighting system can be improved by the incorporation with electric lighting control devices. This paper aims to exemplify the benefit of daylighting in term of economic consideration. 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. 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 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 devices.

• The KIPS Transactions:PartD
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• v.13D no.5 s.108
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• pp.683-690
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• 2006

The CBAM (Cost Benefit Analysis Method) provides a method for deciding the best architectural strategy by considering cost, schedule, and risks as well as the benefits of the architectural strategy. But many parts of the CBAM do not Present quantitative evidence explicitly on whether it is the best architectural strategy among others because it depends on the stakeholders' consensus, vote, and/or intuition. In this study, we apply the AHP (Analytic Hierarchy Process) to CBAM to provide explicit quantitative evidence and to reduce the possibility of subjective decision-making errors that may occur in the CBAM.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.65 no.2
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• pp.264-268
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• 2016

Recently, various energy efficiency optimization activities are ongoing globally by integrating conventional grids with ICT (Information and Communication Technology). In this sense, various smart grid projects, which power suppliers and consumers exchange useful informations bilaterally in real time, have been being carried out. The electric vehicle diffusion program is one of the projects and it has been spotlighted because it could resolve green gas problem, fuel economy and tightening environmental regulations. In this paper, the economics of V2G system which consists of electric vehicles and the charging infrastructure is evaluated comparing electric vehicles for V2G with common electric vehicles. Additional benefits of V2G are analyzed in the viewpoint of load leveling, frequency regulation and operation reserve. To find this benefit, electricity sales is modeled mathematically considering depth of discharge, maximum capacity reduction, etc. Benefit and cost analysis methods with the modeling are proposed to decide whether the introduction of V2G systems. Additionally, the methods will contribute to derive the future production and the unit cost of electric vehicle and battery and to get the technical and economic analysis.