• Title/Summary/Keyword: Economic Renewal

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Economic-based approach for predicting optimal water pipe renewal period based on risk and failure rate

  • Kim, Kibum;Seo, Jeewon;Hyung, Jinseok;Kim, Taehyeon;Kim, Jaehag;Koo, Jayong
    • Environmental Engineering Research
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    • v.24 no.1
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    • pp.63-73
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    • 2019
  • This study suggests a method for calculating the benefits of water pipe renewal based on an estimate of the water supply suspension risk. The proposed method based on five benefit items is more direct and specific than other benefit estimation methods. In addition, a methodology evaluating the economics of pipe renewal based on pipe failure rate is proposed for estimating the optimal renewal point from an economic perspective. By estimating the optimal renewal period based on a yearly benefit cost ratio per pipe in a case study area, it was possible to draft an optimal renewal plan for the subject region from an economic perspective. Compared with other methodologies, a reasonable optimal renewal period was derived from an economic point of view. The result of this study may be used to develop future water pipe renewal plans. Moreover, the proposed methodologies and results derived from this study can be applied to asset management plans.

A Study on the Determinants of the Economic Value of Patents Using Renewal Data (특허의 경제적 수명의 결정요인에 관한 연구 : 갱신자료를 활용한 생존분석)

  • Choo, Kineung;Park, Kyoo-Ho
    • Knowledge Management Research
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    • v.11 no.1
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    • pp.65-81
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    • 2010
  • This paper explores the determinants of the economic value of patents using a survival time analysis. The analysis is based on renewal information of about 250,000 patents filed from 1984 to 2005 in the Korea Intellectual Property Office. A patent right is valid only when its owner pays yearly maintenance fees. Failure to pay causes patent rights to be lapsed. We use the fact that more valued patents live longer and the lengths of their renewals can be closely related to their value. The value can be affected not only by its own technological aspects such as quality and breadth, but also by characteristics of its owners such as innovativeness and age. This paper presents patent-specific and firm-specific characteristics which influence patent value. The result of analysis implies that patent value depends on both the technological contents of the patent and general capabilities of a firm.

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Developing Framework Model for Economic Renewal and Exchange of Geo-Spatial Data - A Case Study of Daegu Metropolitan City - (지리공간자료의 경제적 갱신과 교환체계를 위한 모형개발 - 대구광역시를 사례로 -)

  • Nam, Hyeong-Geun;Sakong, Ho-Sang;Um, Jung-Sup
    • Journal of the Korean Association of Geographic Information Studies
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    • v.11 no.1
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    • pp.138-154
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    • 2008
  • Geo-special technologies are being adopted in variety fields since the 3rd NGIS plan that was started at 1996. However, the required system or structure to guarantee the up-to-date validity and accuracy of the geospatial data - the most fundamental elements of the technology - was not constructed yet. All the activities related to geospatial data, including topographical map and numerical base map, are all implemented in separate way; from change of geographical objects and features, data gathering, and database construction to distribution, transfer and sharing of these data. The data model that links all the activities are required that enables consistent data-flow and effective and systematic work-flow. In this study, economic data renewal and exchange method was proposed, and benefit-cost analysis was implemented by comparing the conventional work-flow to newly proposed work-flow. The case study was implemented using the model that was adopted in Daegu metropolitan city, and the model was developed by reflecting these results.

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A study on the economical life of large-diameter water pipe: case study in P waterworks (대구경 상수도관로의 경제적수명 산정 연구: P상수도 사례연구)

  • Kim, Kibum;Seo, Jeewon;Choi, Taeho;Koo, Jayong
    • Journal of Korean Society of Water and Wastewater
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    • v.32 no.1
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    • pp.37-45
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    • 2018
  • This study develops a model to estimate the economic life of the large-diameter water supply pipeline in Korea by supplementing existing methods used to perform similar calculations. To evaluate the developed methodology, the model was applied to the actual target area with the conveyance pipe in P waterworks. The application yielded an economic life computation of 39.7 years, considering the cost of damages, maintenance, and renewal of the pipeline. Based on a sensitivity analysis of the derived results, the most important factor influencing the economic life expectancy was the predicted failure rate. The methodology for estimating the economic life of the water supply pipeline proposed in this study is one of the core processes of basic waterworks facility management planning. Therefore, the methods and results proposed in this study may be applied to asset management planning for water service providers.

Developing Creative Cities in Australia: A Case Study on the City of Maribyrnong, Victoria (호주의 창조도시 개발사업에 관한 연구: 멜버른의 맬버농시를 사례로)

  • Shin, Dong-Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.19 no.4
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    • pp.630-641
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    • 2016
  • This paper attempts to analyse the processes, key actors and projects contributed to the urban renewal and creative city policies of the City of Maribyrnong, Victoria, Australia. The paper introduces how former military lands are redeveloped into new urban areas mixed with arts, cultural, commercial, residential and university activities. It articulates major actors involved in the creative city policies with governments, universities and non-government organisations. It is interesting to note that Maribyrnong uses Victoria University in vitalising declining old urban areas. It is also interesting to do the same that the city does adopt the concept of "creativity" in urban renewal policies; however, it does not use the same concent of creativity appeared in the textbooks of the major authors of creative city or creative economy, such as Richard Florida and John Howkins.

The Political-Economic of Capitalism and its Effects on Spatial Dynamics (도시공간의 변화에 내재한 정치${\cdot}$경제적 논리의 규명-서울시 도심재개발을 대상으로-)

  • Park, Sun-Mee
    • Journal of the Korean Geographical Society
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    • v.28 no.3
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    • pp.213-226
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    • 1993
  • In Korea, the urban studies of geography have mainly dealt with such a series of research as system of urban place and internal structure of urban area. The existing studies have been carried out with ecological approach. Ecologists, now a days, regard organiation and transfor-mation of the urban space as the process of invasion, succession, and segregation. However it is more proper that cities should be considered not as fragmantary objects, as some ecologists insist, but as synthetic ones in social structure. This research, with adopting a case of the renewasl of central area in Seoul, tried to make it clear that the formation and transition of the city is a product of social structure and examined polical and economic logic which exists in variation of urban space in detail. The results of this study are as follows; Urban renewal of central area is closely related with production and reproduction in capitalist society. In urban center, as business activities had increased since 1973 due to decen-tralization of production process, the necessity of reorganizing the land use in existing central area accordingly increased. The urban renewal program of central area in Seoul was inrroduced under such situation. The urban renewal of central area reflecting the capital logic has changed the central area with six hundred year's tradition. From the urban renewal of central area, not only was the central area, which traditionally had been mixed with various fun-ctions, simplified into the unitary area of busi-ness, but also physical landscape changed. As the land lot in renewal area expanded into regular shape, buildings became larger and taller. The program tremendously raised the price of related area. Aiming at these profits caused by the raised price, a great number of capitalists participated in the program. And as the benefit ratio of the manufacture sector continuously dropped with the economic recession, the pro-gram was carried out much more vigorously. That was because the idle capital accumulated during the recession was invested in property sector and was self-proliferated. The urban renewal raised the land value of central area and drove out the people living in this area. The people moved into the whole parts of the city resulting diffused squatter settlements. And the urban changes in central area were results of the policy of municipal authorities, who supported and systematized the changes lawfully and administratively, as well as reali-zation of capital logic. Due to the renewal policies of central area in Seoul, much more renewals by the only capitalists were carried out than those by the people themselves living in that area. The integration of land ownership in the law of urban renewal shows the reason of that. Moreover, the law allows the third deve-loper to participate in the tasks and admits the land expropriation rights. The municipal autho-rities guaranteed the profitability of the tasks through finacial aid, tax benifit, and relaxation of regulations for construction. As examined above, the changes in the land use of urban space have been led not by the ecological process of development of the city itself, but by the restructuring of capitalism and the intervention of the government authorities.

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SUSTAINABILITY SOLUTIONS USING TRENCHLESS TECHNOLOGIES IN URBAN UNDERGROUND INFRASTRUCTURE DEVELOPMENT

  • Dae-Hyun (Dan) Koo;Samuel Ariaratnam
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.367-374
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    • 2013
  • Underground infrastructure systems provide essential public services and goods through buried structures including water and sewer, gas and petroleum, power and communication pipelines. The majority of existing underground infrastructure systems was installed in green field areas prior to development of complex urban built environments. Currently, there is a global trend to escalate major demand for underground infrastructure system renewal and new installation while minimizing disruption and maintaining functions of existing superstructures. Therefore, Engineers and utility owners are rigorously seeking technologies that minimize environmental, social, and economic impact during the renewal and installation process. Trenchless technologies have proven to be socially less disruptive, more environmentally friendly, energy conservative and economically viable alternative methods. All of those benefits are adequate to enhance overall sustainability. This paper describes effective sustainable solutions using trenchless technologies. Sustainability is assessed by a comparison between conventional open cut and trenchless technology methods. Sustainability analysis is based on a broad perspective combining the three main aspects of sustainability: economic; environmental; and social. Economic includes construction cost, benefit, and social cost analysis. Environmental includes emission estimation and environmental quality impact study. Social includes various social impacts on an urban area. This paper summarizes sustainable trenchless technology solutions and presents a sustainable construction method selection process in a proposed framework to be used in urban underground infrastructure capital improvement projects.

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A Study on the Recycle of Facility Space in Elementary Schools - On the Size and Sense of Materials and Cognition of Passage Space from the Side of Classification - (초등학교(初等學校) 시설공간(施設空間)의 재활용(再活用)에 관한 연구(硏究) - 분류면(分類面)에서 본 통행공간(通行空間)의 규모(規模).현상(現狀).인지실태(認知實態)에 대해서 -)

  • Kim, Soo-In;Lee, Jeong-Hee;Choi, Sang-Hoon
    • Journal of the Korean Institute of Educational Facilities
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    • v.3 no.2
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    • pp.25-35
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    • 1996
  • This study is to find countermeasures of facility space according to the development of new educational program and the opening of education market from the renewal of existing facilities. The renewal is consider as the worldwide trend for enhancing added value of the facilities in economic side of educational facilities as well as educational contents. This study selects six from 94 elementary schools in Kwangju-city to examine our educational conditions, understand using conditions and recognition of existing space and possibility of the recycle. The hypothesis that recognition of existing facility space in school may be varied according to physical conditions of children is made in four sides, six elements and two trends are extracted and then life pattern, size, sense of materials and cognition of three types of passage space are analyzed. Accordingly, this study obtains such results that passage space is life space having strong place concept and there is the possibility of renewal of existing school building facilities corresponding to multipurpose of school facilities.

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A Study of the On-site Housing Improvement Project and Suggestions for the Downtown Area of Gyeongju (경주도심 노후주거지 현지개량방식의 주거환경개선방안에 관한 연구)

  • Lee, You-Yeong;Jeong, Jun-Hyun;Lee, Youn-Jung
    • Journal of the Korean housing association
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    • v.20 no.2
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    • pp.37-46
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    • 2009
  • With old housing being renovated in both the Gatdui and Daean areas, of the Gyeongju downtown area, this study was carried out to examine the implications of various renewal approaches in a city that is rich in both history and culture. The study included a physical survey of the areas under construction as well as a questionnaire given to residents to analyse their level of satisfaction with and requirements for housing and their preferring housing types. The study also analysed renewal patterns among the residents were analysed by examining the ways in which particular renovations had been performed. The findings showed that both governmental authorities and private parties need to be involved and work together if such renewals are to be successful. In recent years there have been regular conflicts between those in favor of development and those in favor of preserving the historic and cultural resources of the city. At times the city identity has been neglected by residents. In the future, it will be necessary to take both development conditions and the residents' economic situations into consideration when making decisions about renewal and to consider a wide range of methods for rearranging housing patterns, with the goal of transforming housing renovation into a broader program of social rearrangement for the purpose of improving social patterns in the city.

A Study on the Development of Optimal Renewal Planning Model in Water Supply Facilities Connected to Future Financial Plan of Water Providers (수도사업자의 장래 재정계획과 연계한 상수도시설의 최적 개량계획 수립 모델 개발 연구)

  • Lim, Sanghyun;Shin, Hwisu;Seo, Jeewon;Kim, Kibum;Koo, Jayong
    • Journal of Korean Society of Water and Wastewater
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    • v.31 no.2
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    • pp.149-159
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    • 2017
  • It is considered necessary to renewal a considerable number of water supply facilities in Korea because they began to be intensively buried in the period of rapid economic growth. Accordingly, local water providers are required to take measures against this situation, but they have currently been caught in a vicious circle of the lack of budget spent in renewing water supply facilities because county-based small-scale local water supply cannot afford to cover annual expenditures with their revenues from water rates. Therefore, this study developed an optimal renewal planning model capable of achieving a balance of financial revenue and expenditure in local water supply using nonlinear programming and furthermore of minimizing the total cost incurred during the analysis. To this end, this study selected the water supply area located in County Y as a research area to build the financial revenue and expenditure and used Solver function provided by Microsoft Excel to use nonlinear programming. As a result, this study developed an optimal renewal planning model minimizing incurred costs in consideration of 6 items in the financial revenue and expenditure. The optimal renewal plan was modeled according to the available annual budget. As a result, this study proposed SICD, a scenario to minimize total costs from the perspective of water suppliers, and SITS, a scenario to minimize the increase in water rates from the perspective of consumers. It can be said that the method proposed in this study is the core of the optimal financial and renewal plans as a final stage of asset management for water supply facilities. Therefore, it is considered possible for local water providers to use the method proposed in this study according to circumstances for the asset management of water supply facilities.