• Title/Summary/Keyword: Economic Benefit

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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.

Economic Analysis for Standardization R&D of Urban Rail System (도시철도 표준화 연구개발사업의 경제성 분석)

  • Chung, Choong-Sik
    • Proceedings of the KSR Conference
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    • 2007.11a
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    • pp.1694-1714
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    • 2007
  • This study is to estimate economic benefits of Standardization R&D of Urban Rail System. Benefit was to be realized through standardization of main areas such as train vehicle, railway, power system, and signal system. To derive and calculate the quantitative benefit, the sources of economic impact was divided into three dimensions -operational cost savings, import substitution, and safety effects. Economic effect of the standardization was categorized based on a modified BSC model. Economic benefits from time and labor savings are converted into cost savings. Import substitution and investment multiplier effect have a positive impact in addition to cost savings. The estimation of the standardization R&D of Urban Rail System was conservatively estimated 370 billion Won. Cost effectiveness of standardized safety system was conservatively translated into economic benefit in this analysis. This study provides a practical guide to economic evaluation of the various railway R&D projects.

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Cost Benefit Analysis on the Economic Effect of the Water Fluoridation Program in Some Area of Cheong-Ju City (청주시 일부지역의 수돗물불소화사업 비용-편익 분석)

  • 정희웅;안형식;박형근;문혁수;조수헌;이희영;윤석준
    • Health Policy and Management
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    • v.13 no.1
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    • pp.23-45
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    • 2003
  • This study was performed to evaluate economic effect of the water fluoridation program in Cheong-Ju City from 1982 to 2010. To study this economic effect, this study used cost-benefit analysis methodology from eight years old to fourteen years old in Cheong-Ju City. Major findings were as follows; First, total cost of fluoridation program in Cheong-Ju City was 1,384,164,734 korean won and total benefit was 15,057,426,621 Korean won from 1982 to 2010. Second, total cost which was converted by present value 2000 year was 1,687,412,718 won and total benefit which was converted by present value 2000 year was 14,582,548,519 Korean won. Cost-benefit ratio was 8.64. Net present value which happened from 1982 to 2000 was 7,990,710,155 Korean won and cost benefit ratio was 7.47. In conclusion, by the above result, economic impact of the water fluoridation program was very effective for children in some area of Cheong-Ju city.

An Analysis of Economic Value of the Old-age Preparation Service (노후준비서비스의 경제적 가치 분석)

  • Ahn, Kyung Ae;Rhee, Hae Chun
    • Health Policy and Management
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    • v.28 no.1
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    • pp.77-86
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    • 2018
  • Background: The purpose of this study is to emphasize the importance and necessity of the government's old-age preparation service by measuring the economic value of the old-age service and the policy direction and policy implications of the government's old-age preparation service project. Methods: Contingent Valuation Method (CVM) was used as an analytical method. CV methodology was used to calculate the Willingness to pay (WTP) for old-age preparation service and its value was estimated and the economic benefit of the project was estimated. Results: As a result of the analysis, the average monthly payment amount for the old service was calculated as 5,100 won, and the annual average payment amount was estimated to be 61,197.1 won. Conclusion: The present value of the benefit for 10 years with the discount rate of 5.5% is 484,651 won. Based on the value of peruser benefit, the total benefit value calculation result of the old-age preparation service considering the Willingness to pay for the next 10 years shows that the total benefit value of the old service, which occurs during the period from 2016 to 2025(10 years) was estimated at 415.1 billion won. As a result of calculating the benefit for each scenario, the present value of basic service is higher in all scenarios than the linked service.

A study on the Dynamic Cost-Benefit Analysis with System Dynamics: Modeling and Economic Feasibility (시스템 다이내믹스 기법을 활용한 동태적 비용편익분석 모델구축과 사업성 평가에 관한 연구)

  • 최남희;전재호
    • Korean System Dynamics Review
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    • v.3 no.2
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    • pp.113-140
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    • 2002
  • The cost-benefit analysis is a technique for assisting with decision about the use of society's scare resources. There exists no detailed assessment like cost-benefit analysis. But recently, many policy analysts criticized the merit of cost-benefit analysis. As it is, it can be said that partial or approximate estimates of benefit and cost may be more dangerous than helpful. The purpose of this study is to overcome the limit of traditional cost-benefit analysis. For this purpose, we use the system dynamics approach for setting up new cost-benefit analysis, which we named that ‘Dynamics Cost-Benefit Analysis'. The usefulness of ‘Dynamics Cost-Benefit Analysis' is as follows; finding structural causal relationship between cost factors and benefit factors, understanding the long-term behavior of systems economic feasibility. In this study, we apply 'Dynamic Cost-Benefit Analysis' to case that is construction investment of funeral house by local government sector.

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Economic Analysis of the Piezoelectric Power using the California Standard Test (캘리포니아 표준 테스트 방법을 사용한 압전 발판의 경제성 분석)

  • Jung, Soon-Sung
    • Journal of Power System Engineering
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    • v.21 no.4
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    • pp.51-56
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    • 2017
  • The purpose of this study is to suggest economic analysis for piezoelectric power. Economic analysis method uses california standard test. Perspectives of california standard test is participant test, ratepayer impact measure test, program administrator cost test and total resource cost test. This study identifies the cost and benefit components. This study identifies benefit-cost calculation procedures from four test : participant test, ratepayer impact measure test, program administrator cost test and total resource cost test. In the economic analysis, the order of benefit cost ratio in piezoelectric power shows total resource cost test, program administrator cost test, ratepayer impact measure test and participant test.

Cost-Benefit Analysis on Community Health Practitioner (보건진료원 활동의 비용-편익 분석)

  • 이태화;고일선
    • Journal of Korean Academy of Nursing
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    • v.32 no.4
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    • pp.435-446
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    • 2002
  • Purpose : The purpose of the study were to describe outcomes of CHP activities, and to evaluate the economic validity of CHP through a cost-benefit analysis. Method : The sample size was 272. Data were collected using a researcher developed questionnaire from November 1999 to March, 2000. Result : The mean age of CHPs was 39.6 (SD-36). In regard to marital status, 90.8% of the respondents were married. 72% of the CHPs had associate degree. Among CHP activities, providing medical services was 50%, followed by home care visits 20% and health promotion services 20%, preventive services 10%. Total costs per month incurred to CHP activities was \3,053,437($2,442.7). Total benefits per month was \6,711,525($5,369.2). Hence, net benefit was calculated as \3,658,089($2,926). Conclusion : Cost-benefit ratio was 2.20, which provides the evidence of the economic viability of CHP program. The result of cost-benefit analysis, however, would more strongly support the economic value of CHP if intangible benefits of CHP activities such as decreases in pain and suffering and increased quality of life, could be counted.

A Systematic Review of the Economic Evaluation of Telemedicine in Japan

  • Akiyama, Miki;Yoo, Byung-Kwang
    • Journal of Preventive Medicine and Public Health
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    • v.49 no.4
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    • pp.183-196
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    • 2016
  • Objectives: There is no systematic review on economic evaluations of telemedicine in Japan, despite over 1000 trials implemented. Our systematic review aims to examine whether Japan's telemedicine is cost-saving or cost-effective, examine the methodological rigorousness of the economic evaluations, and discuss future studies needed to improve telemedicine's financial sustainability. Methods: We searched five databases, including two Japanese databases, to find peer-reviewed articles published between January 1, 2000 and December 31, 2014 in English and Japanese that performed economic evaluations of Japan's telemedicine programs. The methodological rigorousness of the economic analyses was assessed with a well-established checklist. We calculated the benefit-to-cost ratio (BCR) when a reviewed study reported related data but did not report the BCR. All cost values were adjusted to 2014 US dollars. Results: Among the 17 articles identified, six studies reported on settings connecting physicians for specialist consultations, and eleven studies on settings connecting healthcare providers and patients at home. There are three cost-benefit analyses and three cost-minimization analyses. The remaining studies measured the benefit of telemedicine only, using medical expenditure saved or users' willingness-to-pay. There was substantial diversity in the methodological rigorousness. Studies on teledermatology and teleradiology indicated a favorable level of economic efficiency. Studies on telehomecare gave mixed results. One cost-benefit analysis on telehomecare indicated a low economic efficiency, partly due to public subsidy rules, e.g., a too short budget period. Conclusions: Overall, telemedicine programs in Japan were indicated to have a favorable level of economic efficiency. However, the scarcity of the economic literature indicates the need for further rigorous economic evaluation studies.

Economic Analysis of an Internet Portal, 'NANOIN'

  • Kim, Heung-Kyu
    • Journal of the Korea Society of Computer and Information
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    • v.21 no.6
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    • pp.117-125
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    • 2016
  • In this research, economic analysis of Integrated Information System for Nano-convergence Industy (hereafter 'NANOIN'), which was developed and has been in operation by Organization of Nano-convergence Industrial Cooperation, is conducted. For this purpose, the research has been carried out in the following order. First, NANOIN user's maximum willingness-to-pay is estimated using contingent valuation method, the number for NANOIN users is estimated using Bass Diffusion Model, and annual benefit from NANOIN is estimated. Next, annual cost from NANOIN is estimated using annual budget for NANOIN related planned activities. Finally, economic value of NANOIN is evaluated using economic analysis applied to the estimated annual NANOIN benefit and cost. From the economic analysis, it is found that NANOIN has some economic value. It is expected that the procedures suggested in this research can help to systematically evaluate economic value for public goods which have not only uncertain benefit from user's side but also uncertain demand just like NANOIN.

Does Customer Relationship Management for VIP Customers Affect Repurchase and Positive WOM in Premium Hotels? (특급호텔 서비스를 이용하는 VIP 고객 관점에서의 CRM 관계편익에 관한 연구 : 일반 고객과의 비교를 중심으로)

  • Shim, Byung-Hui;Kim, Min-Cheol;Ko, Jae-Yong;Kim, Sang-Yong
    • Journal of the Korean Operations Research and Management Science Society
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    • v.36 no.4
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    • pp.185-206
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    • 2011
  • "Does CRM benefit affect repurchase or WOM? What is difference between VIP customers and non-VIP customers on CRM benefit?" is the interesting issue on premium industry such as a hotel business. This study examines how social benefit, psychological benefits, economic benefits and customization benefits affect repurchase and positive WOM in premium hotel. Only three of the four benefits showed significant results in repurchase and positive WOM. Also interactions between customer type and benefits were different in repurchase and WOM. The results figure out that VIP customers depend on psychological benefits and customization benefits on repurchase, whereas VIP customers depend on only social benefit on WOM. This finding suggests that hotels need to develop VIP program and approach differently to increase the repurchase volume or positive WOM effect.