• Title/Summary/Keyword: Economic Validity

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Economic Evaluation Method for Marine Electric Generating Systems Using a Comprehensive Economic Index (종합 경제성 평가지수에 의한 선박 발전장치의 경제성평가법)

  • Jeong-Je Kim;Seung-Taek Chang
    • Journal of the Society of Naval Architects of Korea
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    • v.30 no.1
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    • pp.10-19
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    • 1993
  • Design optimisation generally necessitates a tool of assessing the economics of designs. This paper proposes a method of assessing the economics of marine electric generating systems. The pay back period(PBP) and the net present valuve(NPV) of the investment for a designed project are properly converted into a economic index. The mechanical factors dominating the easiness in operating the system are also assessed and quantified to form a index which eventually is added to the economic index producing a comprehensive economic index. The method has been tested on a design example and it's validity has been shown.

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Economic Analysis of Ecklonia cava Aquaculture Business (감태 양식사업의 경제성 분석)

  • Kang, Seok-Kyu
    • The Journal of Fisheries Business Administration
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    • v.44 no.2
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    • pp.69-81
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    • 2013
  • The purpose of this study is to examine the economic validity of Ecklonia cava aquaculture business for raising fishing people's revenue. The results of this study are summarized as follows: First, the production of Ecklonia cava is estimated about 251 ton or more in Jeju. Second, the distribution structure of Ecklonia cava is not established, but Ecklonia cava is traded much more through bio or processing corporation than through fisheries cooperative like other marine plants. Third, the price of Ecklonia cava should be at least 1,729 won per kilogram under 4.04% of capital cost for economic feasibility of Ecklonia cava aquaculture business. Finally, the results of sensitivity analysis show that there is economic feasibility of Ecklonia cava aquaculture business when the price of Ecklonia cava is more 2,500 won per kilogram and the capital cost is under 8.0%.

Analysis of Economical Validity about Offshore Cage Culture for Cod (외해 가두리 대구 양식업 경제적 타당성 분석)

  • LEE, Kwang-Nam
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.6
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    • pp.1724-1738
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    • 2016
  • This paper was researched on economic feasibility and sensibility of operation to offshore cage culture for cod. Offshore cage culture for cod needs to invest high budget what to construction and operation. And it was required variety methods about analysis of economic feasibility. Therefore, these were studied NPV, B/C and sensitivity for each by assuming a six scenarios considering the product performance according to the size of cod and culturing methods of fingerlings, etc. As a results, even though economy, if efficiency is low, it is a priority need the technical development to promote the feed efficiency to increase economic feasibility and should make efforts to enhance the business economy to strengthen the price competitiveness pricing with high quality products through quality control and brand recognition of cod. It expects to be used as a reference for related research in the future by deriving policy implications based on the method of analysis of the economic feasibility on offshore cage culture for cod.

Economic Evaluation of Rape Cultivation using a Survey for Participants on a Pilot Project (유채재배에 대한 경제성 분석 -유채시범사업 대상지의 농가 설문자료를 이용하여-)

  • Choi, Eun-Ho;Lee, Seoung-Jung;Cho, Yong-Sung
    • Korean Journal of Organic Agriculture
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    • v.19 no.3
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    • pp.329-341
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    • 2011
  • This study empirically analyzes the economic validity of rape farmers. The analysis of economic evaluation is based on the benefit-cost analysis. Previous studies have undoubtedly expanded our understanding of the importance of substitution effects on a rapeseed for bio-fuels. However, earlier studies have mostly dealt with the concept of biodiesel's economics analysis, but this paper's attentions have been paid to the economic analysis of farm. The aim of this paper is suggesting the most appropriate policy brings about why farmhouses should cultivate the rape. To answer this question, this paper adopts a scenario analysis and the B/C ratio is used.

Analysis of Operational Plan and Economical Validity in Aquacultural for Contingency Red Tide (적조 대응 육상양식장 운영방안 및 경제적 타당성 분석)

  • Lee, Kwang-Nam
    • The Journal of Fisheries Business Administration
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    • v.47 no.3
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    • pp.35-52
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    • 2016
  • This paper analyzed economic feasibility of aquacultural construction which of large-scale. The results of the economic analysis, cage cultural and water recycling cultural by post-water treatment were analyzed that NPV is 2,083,685 thousand won and -14,105,896 thousand won and B/C ratio is 0.590 and 0.855, respectively. These were shown economic infeasibility. But, running water culture by pre-water treatment(small scale) and running water culture by pre-water treatment(large scale) were analyzed that the one is 5,555,747 thousand won and 15,048,589 thousand won and the other is 1,154 and 1,1221, respectively. these were shown economic feasibility. In addition, measurement of B/C ratio through a sensitivity analysis on running water cultural by pre-water treatment(small scale) and running water cultural by pre-water treatment(large scale) is economic feasibility in all cases. However, these were analyzed when the selling price was falling to 20 percent, it has shown economic infeasibility and when the selling price rises to 20 percent, water recycling culture by post-water treatment has economic feasibility. The significance of the study analyzed a sensibility as well as economic feasibility by methods and scales. It is expected that used as basic materials when constructing and operating of land aquaculture in order to minimize the damage from natural disasters.

Development of a Measurement of Suicidal Protection (MSP) for High School Students in Korea (한국 고등학생의 자살 보호요인 측정도구 개발)

  • Park, Chan Sun;Yang, Sook Ja
    • Research in Community and Public Health Nursing
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    • v.30 no.2
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    • pp.161-173
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    • 2019
  • Purpose: This study was conducted to develop and test a measurement of the suicidal protection(MSP) for high school students in Korea. Methods: Thirty-four preliminary items were initially developed based on literature review and focus group interviews. Those items were evaluated by experts for content validity with 31 items yielded. For testing validity and reliability of the measurement, data were collected from 330 high school students in Korea. Results: The item analysis selected 26 items. One item was deleted additionally through the primary exploratory factor analysis. The final exploratory factor analysis yielded 26 items in six factors such as fear of suicide, self-esteem, emotion regulation, support from others, support from family, and school life, explaining 66.6% of the total variance of the suicidal protection for high school students in Korea. Convergent validity and discriminant validity were supported by construct reliability, average variance extracted estimate, and standardized regression weight. MSP scores were positively associated with economic status, academic record and suicidal ideation. Also, criterion validity was supported through a significant correlation with the Reason for Living Inventory for Adolescent. The Cronbach's ${\alpha}$ reliability coefficient was .93 for the overall measurement and .72~.86 for the six factors. Conclusion: The results show that MSP may be valid and reliable for assessing suicidal protection of high school students.

Reliability and Validity of COVID-19 Stress Scale in Korean Nursing Students (한국어판 간호대학생의 COVID-19 스트레스 측정도구 신뢰도 및 타당도 검증)

  • Ham, Mi-Young;Lee, So Jung;Lim, So-Hee
    • Journal of the Korean Society of School Health
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    • v.35 no.1
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    • pp.1-10
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    • 2022
  • Purpose: This study investigated the validity and reliability of the Korean version of COVID-19 Stress Scale (K-CSS) in nursing students in Korea. Methods: The subjects of the study were 319 nursing students from three universities located in the metropolitan area. Data were collected for two months using self-reporting questionnaires. The study verified the scale's content validity, construct validity, concurrent validity and reliability, using SPSS 20.0 and AMOS 20.0. Results: K-CSS was comprised of seven factors, with a total of 25 questions; six about socio-economic consequences, four about Xenophobia, five about compulsive checking, three about traumatic stress, three about contamination, two about danger of the virus, and two about danger regarding the healthcare system. K-CSS was validated with confirmatory factor analysis (x2/df=2.32, CFI=.94, GFI=.87, NFI=.90, RMR=.07, RMSEA=.06, TLI=.93). Furthermore, the reliability verification showed a Cronbach's α of 0.87, confirming that the Korean version of the tool was very reliable. Conclusion: This study shows that K-CSS is a valid and reliable instrument to assess nursing students in Korea.

Principles of Environmental Economic Analysis for Evaluating Low Input Agriculture (저투입 농업의 환경경제적 평가방법론에 관한 소고)

  • Kwon, Yong Dae
    • Korean Journal of Agricultural Science
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    • v.26 no.1
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    • pp.100-108
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    • 1999
  • This paper reviews some methods on evaluating the impacts of low input farming on profitability, environments and human health. Measuring diverse effects of low input farming on the environmental economic aspects of agriculture poses a challenge because of difficulty in placing the objective value judgement on those impacts. This Study attempts to identify the individual attributes of low input agriculture and to examine the method of consturcting a simple index after assessing its marketed or non-marketed values in numerical terms. Validity of integrating socio-economic value of low input agriculture, which might be measured by multiple criteria approach, into a single index can be criticized. However, it might be meaningful in that this study suggest the guidance for how to assess the environmental and economic value of low input agriculture by single criteria and the possibility of overcoming the controversial subjectivity in weighing the different impact criteria.

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A Study on a Model of Economic Value of Transmission Speed of Internet Commerce (인터넷 상거래 처리속도의 경제적 가치분석 모형에 관한 탐색적 연구)

  • 노규성;김민철
    • The Journal of Society for e-Business Studies
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    • v.4 no.2
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    • pp.41-58
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    • 1999
  • This paper is a study on a model of economic value of transmission speed of Internet Commerce. For this research, this paper searches the factors that influence the transmission speed of Internet and suggests the model for measurement of economic value. The model adopted in this research is CVM(contingent valuation method) using in environment economics and the research area in this paper is concentrated on Internet-based Electronic Commerce. For this purpose, this paper suggests econometrics model that measures customer's payment intention for transmission speed of Internet. This model can be used as the basic tool of feasibility of investment analysis and reasonable pricing on Internet service. For the more, it will be followed empirical study and more careful comprehension for objective validity of this study.

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