• Title/Summary/Keyword: Economic Validity

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A Study on the Development of RFID based Automatic Gate Systems in Container Terminals (RFID 기반의 컨데이너터미널 게이트 자동화 시스템 개발에 관한 연구)

  • Lee Seok-Yong;Seo Chang-Gab;Par Nam-Kyu;Song Bok-Deuk
    • The Journal of Information Systems
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    • v.15 no.3
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    • pp.187-211
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    • 2006
  • As port competitiveness is becoming more important in the global market environment RFID (Radio Frequency Identification) Is also becoming a crucial enabler In implement efficient visible, secure and productive ports. However there Is a lack of practical validated RFID technology acceptance cases in the port logistics industry until now, even though various related projects have been undertaken. In this study, we applied 13.56MHz passive RFID readers, tags, and their applications into existing bar-code based gate systems to improve the port logistics process, and we analyzed results of a pilot test in economic and non-economic perspectives. The main purpose of this study is to develop the RFID based automatic gate passing system in container terminals, and is to validate its economic and non-economic feasibility. In order to accomplish the purpose of this study, first, we examined previous researches on RFID technology acceptance in the port logistics industry, second, we Identified and analyzed the business process of existing gate systems in container terminals, third, we build RFID gate systems with 13.56Mhz tags, readers, and its middle-ware, finally we tested the system and its performance. The results were successful and showed the feasibility of the system in real container terminal gates. Economic and non-economic contribution was confirmed. Although the system has technological limitations with short range passive type, we clearly identified its potential capability and its economic validity in the field, which are the implications of this study.

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An Analysis for Economic Value of Nano-Technologies : Focused on Secondary Batteries (나노기술의 경제적 가치분석 : 이차전지 산업을 중심으로)

  • Bae, Seoung Hun;Lim, Jung Sun;Shin, Kwang Min;Yoon, Jin Seon;Kang, Sang Kyu;Lee, Sol Hee;Kim, Min Kwan;Lee, Jung Woo;Kim, Jun Hyun;Shin, Min Soo;Han, Chang Hee
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.38 no.1
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    • pp.131-142
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    • 2015
  • It is difficult to make an accurate estimate of the economic value and effects on societal economy of Nano-technologies. This research measures an economic value of Nano-technologies quantitatively and analyzes its influences on societal economy. This paper chooses some major industries as analysis targets and adapts the DEFRA comparative methodology model which has been developed in the UK and recommended by OECD. For this reason, some industries which are in range of economic value assessment were investigated and related data were collected. Also, the economic value and societal influences of Nano-technologies were calculated, through the procedure of the model. In addition, this study conducts a questionnaire to experts for the validity of measurement results and procedures. This paper suggests a guideline for economic value and effects on societal economy of Nano-technologies assessments through quantitative Defra comparative methodologies.

Economic Uncertainty and Business Innovation: Focused on Research and Development (경제적 불확실성과 경영혁신: 연구개발을 중심으로)

  • Sun-Pil Hwang;Sung-Yong Ryu
    • Industry Promotion Research
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    • v.8 no.2
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    • pp.11-19
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    • 2023
  • The purpose of this study is to analyze the effect of economic uncertainty on business innovation. To this end, Ahir et al. (2018) World Uncertainty Index (WUI) is selected as a proxy for economic uncertainty, while total R&D investment (RD), capitalized R&D investment (RD_A), expensed R&D investment (RD_E), and the proportion of capitalized R&D investment to total R&D investment (RD_R) are selected as variables representing business innovation. The research findings showed that economic uncertainty (WUI) had a statistically significant positive (+) relationship with total research and development investment (RD), asset-based research and development investment (RD_A), and the proportion of asset-based research and development investment (RD_R). This relationship remained the same even after controlling for managerial opportunistic accounting behavior (DACC; discretionary accruals). These findings suggest that companies focus on research and development investment as an opportunity for management innovation even in the face of economic uncertainty. The results of this study are significant in demonstrating the validity and effectiveness of government support for industrial promotion under economic uncertainty.

Comparative study of the Regional Economic Power of the Korean 5+2 Mega-regional Economic Zones (5+2광역경제권의 지역경제력 비교연구)

  • Park, Suk-Jin;Kim, Tae-Heon
    • The Journal of the Korea Contents Association
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    • v.10 no.11
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    • pp.318-328
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    • 2010
  • This paper as basic work on the regional economic policy of Korean government considers economic conditions and fundamentals of the cold started 5+2 mega-regional economic zones and makes a comparative study of regional economic power of national mega-regional economic zones based on the established economic indicator. Therefore, this study aims to consider henceforward policy direction of the mega-regional economic zone and the validity of the regional economic policy, which promote autonomous mega-regional economic zone in dimension to secure the global competitiveness. According to the comparison result of regional economic power index, the capital area had absolute superiority, while Gangwon, Honam and Jeju areas were relatively weak. Since the given regional conditions are dissimilar, the government must consider regional characteristics and economic fundamentals carefully, as they push henceforth regional development policy for the mega-regional economic zone. What is more, the government should promote a balance of the regional development, through to maintain demand-based policy and demand-pull policy flexibly, which are based on demand analysis, as well as unequal quota budget and policy for regions, which are relatively falling behind in terms of development and income.

The Development of the Korean Medical Insurance Economic Index(MIEI) (의료보험 수가수준의 조정을 위한 의료보험경제지수 (Medical Insurance Economic Index: MIEI)의 개발)

  • 김한중;손명세;박은철;최귀선;박웅섭;임종건;지영건
    • Health Policy and Management
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    • v.9 no.1
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    • pp.156-177
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    • 1999
  • The current method of rate adjustment for inflation is based on the evaluation of the financial performance of hospitals. The method has the disadvantage such as too complicated, expensive process as well as low reliability. This study, therefore, develops the 'Korean Medical Insurance Economic Index(MIEI)' as a new model for the rate adjustment with the use of the macro economic indices. In addition, we calculate the 1992∼1998 rate adjustment with the MIEI, and examines the validity of the MIEI by comparing with the conventional method. Medical costs are classified into nine categories : physician salaries, nurse·pharmacist·medical technician salaries, assistants & others salaries, material cost(by imports), material cost(by domestics), depreciation & rent paid(by imports), depreciation & rent paid(by domestics), power utilities, other administrative costs. Then the category weight which is the ratio of category in the total cost is calculated. Macro economic indices are selected for each cost category in order to reflect the concept of the each cost category and inflation during the year of 1992∼1998. Finally MIEI which integrate all category according to the category weight and selected macro indices is calculated. The mean of hospital MIEI which weighting by amount paid by insurers was cacluated. The result from the application of empirical data to the MIEI model is very similar to that of the current method. Furthermore, this method is very simple and also easy to get social consensus. This MIEI model can be replaced the current method based on the analysis of the financial performance for the adjustment of medical fees.

A Basic Study to Measure the Effectiveness of the Korean Green Building Certification System in Terms of Sustainability

  • Park, Young Jun;Son, Kiyoung;Ahn, Sungjin;Kim, Sunkuk
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.6
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    • pp.615-623
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    • 2012
  • Humanity is facing a number of serious issues associated with increased energy consumption and environmental pollution. Various studies/guidelines concerning sustainable building construction have suggested solutions to these disastrous problems, including: net-zero energy buildings, the green building certification system, and others. Sustainability pursues three expected effects: environmental, social, and economic merits. Korean Green Building Council (K-GBC) has also announced the Korean Green Building Certification System (K-GBCS) since 2003 based on sustainability. Some positive social and environmental aspects of the K-GBCS have already been reported. However, it is somewhat difficult to verify its economic merits, which are crucial to ensuring the validity of the K-GBCS. This research aims to verify the economic merits of the eco-friendly Korean-style condominiums accredited by K-GBCS. Following this, the expected economic effectiveness of K-GBCS will be examined in terms of sustainability. The underlying assumption is that the potential economic effect should reflect the actual economic merits, and should reflect the value of the housing in particular. According to the analysis of the variance, it can be concluded the value of green certified buildings is statistically higher than the value of non-certified buildings. Furthermore, it was also observed that this tendency was more dominant in Gyeonggi Province than in the City of Seoul. This may be caused by one of the variables: the proximity to downtown. In future studies, this variable should be studied in greater detail.

Economic Evaluation Analysis of Effect of Train Freight Car Safety Transport Integrated Quality Management System Based on Internet of Things(IoT) (IoT기반 철도 화차 안전운송 통합 품질관리시스템에 관한 경제성 평가지표 분석)

  • Won, Jong-Un;Yoon, Chiho;Park, Sang-Chan
    • Journal of Korean Society for Quality Management
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    • v.44 no.4
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    • pp.869-881
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    • 2016
  • Purpose: The objective of this study is to verify the economic validation of quality management integrated train freight car by analyzing economic evaluation indicators such as benefit and cost, net present value, and inter rate of return. Methods: First, we itemize benefit and cost field by reviewing literatures; Benefit consists of 1)Safety, 2)Operation, and 3)Maintenance; Cost consists of 1)Set-up fee, 2)Wireless internet fee, and 3)Cloud storage using fee. Second, based on these estimated values, we conduct an economic evaluation analysis. Among them, benefit and cost, net present value, and internal rate of return are selected. Results: As a result, all estimated values are highly over criterion of economic validity($$B/C{\geq}_-1$$, $$NPV{\geq}_-0$$, $$IRR{\geq}_-R$$); 1)benefit over cost ratio is 28.22, 2)Net present value is 8,121.66million KRW, and 3)Internal rate of return value is 2272%. Conclusion: The findings of this study will help making a decision when train industry adopts IoT technology for improving the effectiveness.

Analysis on the Economic Effects of Calibration for Measurement Instrument in Korean Industry (우리나라 산업(産業)의 측정기기에 대한 교정검사실시효과분석(較正檢査實施效果分析))

  • Kim, Dong-Jin;Choe, Jong-Hu;An, Ung-Hwan
    • Journal of Korean Society for Quality Management
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    • v.19 no.1
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    • pp.83-94
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    • 1991
  • The purpose of this study is to analyze the economic efficiency of the investment for calibrating measurement instruments in manufacturing industries, and to propose the administration scheme of measurement instruments. To investigate the efficieny of calibration, we estimate a multiple regression model composed of variables - product inferiority-rate, calibration rate, etc-, and verify fitness of the model. According to the statistical analysis by LOGIT method, a forecasting model of product inferiority-rate with calibration-related variables is proposed, and its validity is investigated.

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친환경 교통수단으로서 KTX의 역할과 기대

  • Bang Yeon-Geun
    • Journal of the Korean Society for Railway
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    • v.9 no.2 s.31
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    • pp.19-24
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    • 2006
  • Green gas emissions Trading System(ETS) came into effect in the Europe last year 2005. All transport modes have tried to reduce green gas emission and EU member countries are promoting the use of environmental friendly transport mode to avoid economic loss due to green gas emission. Besides ETS, rapidly rising of oil price and peak oil urge to invest more in the environmental friendly public transport mode and to discourage the use of private cars. The operation of KTX is estimated to bring external cost reduction up to 570 bil. won in 2004 based on European external unit costs of transport modes. This result implies that the expansion of high speed rail network and reconsideration of East-West high speed rail network which is not considered because of weak economic validity is required.

A Study on Investment Evaluation of Transportation Facilities (교통시설물 투자평가에 관한 연구 -충주시를 중심으로-)

  • 김용범;김용래
    • Journal of the Korea Safety Management & Science
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    • v.5 no.1
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    • pp.13-31
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    • 2003
  • This provided a basic frame to analyze the investment effect on the road, railroad, airport and port as a national dimension but it still has a limitation to analyze the specific economic and financial validities to consider the characteristics of the traffic facilities within the area. Conclusively, the aims of this study provide the reasonable evaluation guidelines effectively to the local automatic groups, especially Chungju in the frame of the present evaluation guidelines. We provide the adaptive alternatives on the present systems which are difficult to adapt to the present investment evaluation guidelines; the estimation method of the social economic index and the estimation method of the traffic demand. Additionally, we discuss the research method of the passage actual state for a reasonable estimation of the traffic demand. The result of this study will be activated for the validity check and construction plan of the reasonable traffic investment plan of Chungju city.