• Title/Summary/Keyword: Economic Impacts Evaluation

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An Efficient Engineering Design Education Framework in Information Network Engineering

  • Lee, Sang-Gon;Koh, Kyeong-Uk
    • Journal of Engineering Education Research
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    • v.15 no.5
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    • pp.64-68
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    • 2012
  • Design factors such as design objects establishment, analysis, synthesis, production, test and evaluation should be educated in a systematic way. Also design ability to reflect practical restrictive conditions such as industrial standards, economic feasibility, environmental impact, aesthetics, safety and reliability, ethical impacts and social impacts should be cultivated. In this paper, we explain the meaning of these terms and propose a systematic engineering design education framework satisfying Korean engineering education accreditation criteria. We also present a simple implementation in information network engineering.

Impacts of Rural Road Project on the Social and Economic Activities of Community People (농어촌도로사업이 지역사회 주민의 사회.경제 활동에 미치는 영향)

  • Hong, Chan-Sun;Im, Sang-Bong;Huh, Yoo-Man
    • Proceedings of the Korean Society of Agricultural Engineers Conference
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    • 2003.10a
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    • pp.95-98
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    • 2003
  • The objectives of the study are to analyze the impacts of rural road project on the social and economic activities of community people, offer basic data to perform evaluation of the project, and suggest future directions of the project. Research methodology adopted is a questionnaire method. There were interviewed 281 adult residents selected from 34 villages in Yeongdong-gun(mountainous), Miryang-si(middle), and Gochang-gun(plain). Results of the study are as follows: 1) Increase of income and land prices in mountainous and middle regions by the rural road project is higher than in plain; 2) Most inconvenient road expressed by the interviewee is the one linking farm and residence and 3) The problems of rural roads derived are narrowness, unpavement and partial pavement, unreliable maintenance, and long construction time. In order to meet the community needs on rural roads, it may be necessary that community people participate in the process of the project. And it is desirable to put priority on expanding and paving existing roads rather than constructing new one.

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Environmental Economic Studies in Korea (한국의 환경경제학 연구)

  • Kim, Il-Chung;Park, Keun Soo
    • Environmental and Resource Economics Review
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    • v.10 no.3
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    • pp.289-322
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    • 2001
  • This paper introduces the environmental economic studies in Korea, focused especially on the environmental regulation policy and valuation of environmental resources in Korea. It can be seen from this survey that the Korean environmental economists have had most of their interests in socially hot issues such as the evaluation and alternatives of the existing environmental policy instruments, and the impacts of both the environmental regulation and greenhouse gas reduction policies, as well as economic valuation of environmental assets including air, water, and ecosystem. We need more intensive research on issues of the evaluation of individual public investment, enforcement, transaction costs and income distribution and inter-generational equity. More attention should also be paid to the valuation methods and environmental data.

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A Study on Economic Impacts Analysis of RFID System to Business (비즈니스별 RFID 시스템 도입사례 성과분석 연구)

  • Jeon, Seong-Hee;Na, Young-Sub;Kim, Yang-Hoon;Chang, Hang-Bae
    • Information Systems Review
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    • v.13 no.3
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    • pp.15-26
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    • 2011
  • RFID has substituted for a Bar Code to conduct real time data collection and data process in various fields including logistics, electronic, medical treatment, car, textile, steel industry at the business level. Although implementation and use of RFID has been facilitated constantly, the majority of businesses hesitate to implement RFID system. Hence in this study, we conducted a performance evaluation through quantitative/qualitative analysis on case studies in various industries. This study results could be utilized as basic data for RFID system diffusion, and it will primarily contribute to spread of RFID system implementation.

The Default Risk of the Research Funding with Uncertain Variable in South Korea, Along with the Greeks (옵션민감도를 고려한 기술자금의 경제적 가치와 실패확률)

  • Sim, Jaehun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.1
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    • pp.1-8
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    • 2021
  • As a nation experiencing rapid economic growth, South Korea and its government have made a continuous effort toward efficient research investments to achieve transformation of the Korean industry for the fourth industrial revolution. To achieve the maximum effectiveness of the research investments, it is necessary to evaluate its funding's worth and default risk. Thus, incorporating the concepts of the Black-Scholes-Merton model and the Greeks, this study develops a default-risk evaluation model in the foundation of a system dynamics methodology. By utilizing the proposed model, this study estimates the monetary worth and the default risks of research funding in the public and private sectors of Information and Communication technologies, along with the sensitivity of the R&D economic worth of research funding to changes in a given parameter. This study finds that the public sector has more potential than the private sector in terms of monetary worth and that the default risks of three types of research funding are relatively high. Through a sensitivity analysis, the results indicate that uncertainty in volatility, operation period, and a risk-free interest rate has trivial impacts on the monetary worth of research funding, while volatility has large impacts on the default risk among the uncertain factors.

New Development of Methods for Environmental Impact Assessment Facing Uncertainty and Cumulative Environmental Impacts (불확실성과 누적환경영향하에서의 환경영향평가를 위한 방법론의 새로운 개발)

  • Pietsch, Jurgen
    • Journal of Environmental Impact Assessment
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    • v.4 no.3
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    • pp.87-94
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    • 1995
  • At both international and national levels, such as in the Rio Declaration and the EU's Fifth Environmental Action Plan, governments have committed themselves to the adoption of the precautionary principle (UNCED 1992, CEC 1992). These commitments mean that the existence of uncertainty in appraising policies and proposals for development should be acknowledged. Uncertainty arise in both the prediction of impacts and in the evaluation of their significance, particularly of those cumulative impacts which are individually insignificant but cumulatively damaging. The EC network of EIA experts, stated at their last meeting in Athens that indirect effects and the treatment of uncertainty are one of the main deficiencies of current EIA practice. Uncertainties in decision-making arise where choices have been made in the development of the policy or proposal, such as the selection of options, the justification for that choice, and the selection of different indicators to comply with different regulatory regimes. It is also likely that a weighting system for evaluating significance will have been used which may be implicit rather than explicit. Those involved in decision-making may employ different tolerances of uncertainty than members of the public, for instance over the consideration of the worst-case scenario. Possible methods for dealing with these uncertainties include scenarios, sensitivity analysis, showing points of view, decision analysis, postponing decisions and graphical methods. An understanding of the development of cumulative environmental impacts affords not only ecologic but also socio-economic investigations. Since cumulative impacts originate mainly in centres of urban or industrial development, in particular an analysis of future growth effects that might possibly be induced by certain development impacts. Not least it is seen as an matter of sustainability to connect this issue with ecological research. The serious attempt to reduce the area of uncertainty in environmental planning is a challenge and an important step towards reliable planning and sustainable development.

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Evaluation of the Application Scheme of SFCL in Power Systems

  • Kim, Jong-Yul;Lee, Seung-Ryul;Yoon, Jae-Young
    • KIEE International Transactions on Power Engineering
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    • v.4A no.4
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    • pp.221-226
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    • 2004
  • As power systems grow more complex and power demands increase, the fault current tends to gradually increase. In the near future, the fault current will exceed a circuit breaker rating for some substations, which is an especially important issue in the Seoul metropolitan area because of its highly meshed configuration. Currently, the Korean power system is regulated by changing the 154kV system configuration from a loop connection to a radial system, by splitting the bus where load balance can be achieved, and by upgrading the circuit breaker rating. A development project applying a 154kV Superconducting Fault Current Limiter (SFCL) to 154kV transmission systems is proceeding with implementation slated for after 2010. In this paper, SFCL is applied to reduce the fault current in power systems according to two different application schemes and their technical and economic impacts are evaluated. The results indicate that both application schemes can regulate the fault current under the rating of circuit breaker, however, applying SFCL to the bus-tie location is much more appropriate from an economic view point.

Evaluation of Economic Impacts of the Interstate Electric Power System in Northeast Asia Considering CO2 Emission (환경제약을 고려한 동북아 전력계통 연계의 경제성 평가)

  • Chung, Koo-Hyung;Kang, Dong-Joo;Kim, Bal-Ho
    • Proceedings of the KIEE Conference
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    • 2005.07a
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    • pp.837-839
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    • 2005
  • ORIRES developed by ESI, Russia is a linear programming (LP) model to optimize electric power system operation and planning. Since ORIRES requires data relatively less than other models, it is suitable for northeast asia where imposes restriction against data acquisition. In this paper, we analyze the economic imparts of the environmental regulation on the interstate electric power system in northeast asia. For the rational evaluation of environmental effectiveness, CO2 emission constraints are incorporated into ORIRES.

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Evaluation of Japan's Official Development Assistance (ODA) Projects on Flood Risk Management in Thailand

  • Jung, Minjung;Lee, Seungho
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.210-210
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    • 2022
  • This study evaluates Japan's Official Development Assistance (ODA) projects in Thailand from 2011 to 2013 by deploying the Sendai Framework for Disaster Risk Reduction (SFDRR) and the Organization for Economic Cooperation Development (OECD) evaluation criteria. Special attention is placed on disaster-related development assistance activities of Japan through reviewing long-term impacts of the projects. The Japan International Cooperation Agency (JICA) has played a crucial role in transferring Japan's experiences on disaster risk management to developing countries, including Thailand. The study highlights two flood risk management projects in Thailand with the support of JICA after the 2011 floods, namely the Project for the Comprehensive Flood Management Plan for the Chao Phraya River Basin and the Project for Flood Countermeasures for Thailand Agriculture Sector. The case studies demonstrate that the projects were efficiently and effectively conducted for meeting Thailand's needs and requirements. JICA provided multi-hazards risk analysis through scientific data as well as local knowledge. However, achievements of the project did not last for long because of a lack of Thai stakeholders' commitment and JICA's post-project management. It is concluded that a development agency should consider impacts and sustainability of flood risk management projects more carefully from the stage of planning, and the practical application of the knowledge, and technologies should also be monitored progressively after the completion of the project.

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Decision Methods for Evaluation of Alternatives (대안 평가를 위한 의사결정 기법)

  • Nam, Kie-Chang;Hong, Sang-Pyo
    • Journal of Environmental Impact Assessment
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    • v.9 no.4
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    • pp.363-372
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    • 2000
  • For any particular development project or environmental regulations, decision-making criteria is required and conflicts among criteria should be resolved. It is necessary to investigate criteria that government agencies employ in making decisions that influence the environment. The evaluation of alternative development proposals and regulatory measures involves much more than environmental issues. Economic, technical, and social factors should be considered along with environmental impacts when making evaluations. Evaluation should be based on values of all individuals who may be affected by public or private decisions. There are many evaluation methods for determining how individuals and groups value alternative public actions. Numerous weighting-scaling methodologies can be used in such evaluations. These methodologies represent adaptations of multiple-criteria or multiple-attribute decision-making techniques. Environmental risk assessment which accounts for uncertainties in choosing among alternative policies and projects is increasingly used.

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