• Title/Summary/Keyword: Economic Value

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An Economic Evaluation of Multi-Functionality of Rural Areas and Benefit Transfer (농촌 다원적 기능의 경제적 가치와 편익이전)

  • Shin, Yong-Kwang;Rhee, Sang-Young;Kim, Young
    • Journal of Korean Society of Rural Planning
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    • v.10 no.1 s.22
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    • pp.1-7
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    • 2004
  • There are recently many studies on evaluating the economic value of multi-functionality of rural areas. However, the regional difference of economic value leads a problem of different evaluation on its economic value for each region in its application to government policy. This problem causes an increase in cost because it creates restriction in policy decisions which put their importance on the time of their execution. This study investigates the propriety of value transfer using Meta Analysis after evaluating the social and cultural value of rural areas among their functions based on CVM model. It finds that the regional difference in the willingness to pay is 0.13% to 31.42%.

CONTRIBUTION OF NUCLEAR POWER TO THE NATIONAL ECONOMIC DEVELOPMENT IN KOREA

  • Lee, Man-Ki;Nam, Kee-Yung;Jeong, Ki-Ho;Min, Byung-Joo;Jung, Young-Eek
    • Nuclear Engineering and Technology
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    • v.41 no.4
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    • pp.549-560
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    • 2009
  • Over the last three decades, nuclear technology development has played a vital role in the socio-economic development of the Republic of Korea. This study, being the first of its kind, focuses on quantifying the actual economic contribution of nuclear technologies to economic development by evaluating the net benefit of the nuclear power with respect to the country's Gross Domestic Product (GDP). An input-output analysis was employed as a methodological approach to analyze inter-industrial economic activities by calculating the industrial value added as a means of the economic contribution during the period of 1980 to 2005. The industrial value added of nuclear technologies was estimated from the construction and operation of nuclear power (backward-linked industrial value added) and from the industrial activities attributed to the electricity generated by the nuclear power (forward-linked industrial value added). It was found that the total net contribution of nuclear technologies as a percentage share of GDP amounted to 2.38% in 2005.

The Effect of Personal trait on Perceived Value and Recommendation Intention : Focus on one-person media contents (개인성향에 따른 1인 미디어 콘텐츠의 가치 지각 및 추천의도에 미치는 영향)

  • Ju, Seon-Hee;Song, Min-Young;Kim, Byung-Kuk
    • Journal of the Korea Convergence Society
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    • v.9 no.12
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    • pp.159-167
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    • 2018
  • As the popularity of single-person media content increases, We investigated the causal relationship between perceived value and intention to recommend to others. Individuality was studied on the tendency to sensation seeking and novelty seeking, which is a tendency to take boredom sensitive to monotonous and repetitive daily routines, and novelty seeking refers to new information and stimuli. The hypothesis was that high sensation seeking and high novelty seeking would perceived emotional value, epistemic value, and economic value for a single person 's media content. Hypothesis testing was performed using multiple regression analysis using SPSS21. As a result of the hypothesis test, The novelty seeking has a positive effect on emotional value, epistemic value, and economic value. Users who want to explore and enjoy new things could perceived the emotional value of having fun, fun, and sadness through single-person content, perceived a epistemic value and enjoy new information and situations as a tool to recognize new stimuli and know what they didn't know. And it could be seen that users perceive the economic value that they can enjoy at low cost or free service. The sensation seeking has a significant effect on epistemic value, but it did not affect emotional value and economic value significantly. Those who have a high tendency to sensation seeking can perceive curiosity about one-person media contents, so that they can perceive epistemic value. However, those who feel that they have not significant influence on economic value and emotional value can easily understand that expecting one's content does not feel bored by paying for a low cost or free service.

The Effect of Strategic Orientation on Market Performance: Study of the Mediators

  • Langroudi, Hamed Rahimpour;Sharifi, Moslem;Langroudi, Hossein Rahimpour
    • The Journal of Industrial Distribution & Business
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    • v.10 no.4
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    • pp.33-41
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    • 2019
  • Purpose - This study investigates the effect of strategic orientation on market performance with emphasis on the mediative role of innovation capability, economic value and relational value in food producer companies. Research design, data, and methodology - In this descriptive study, a population of 244 managers and employees of Food industry companies in Tehran were investigated. The respondents filled a questionnaire on strategic orientation, innovation capability, economic value, relational value and market performance, during January to August 2018. Reliability and validity were evaluated by Cronbach's alpha coefficient and confirmatory factor analysis. To analyze the data, Spearman's correlation coefficient and structural equation modeling were used by SmartPLS software. Results - Effects of competitor's orientation and technology orientation on all three intermediary variables were positive and significant. The effect of customer orientation on innovation and economic value was positive and significant, but the effect of customer orientation on the value of the relationship was insignificant. Furthermore, entrepreneurial orientation has a positive and significant effect on innovation capability. The effects of three mediator variables on market performance are positive and significant. Conclusions - As the relationship between the mediator variables and market performance were positive and significant, companies should have a comprehensive plan of focus on strengthening these variables.

A Conceptual Study on the Quantitative Measurement of Digital Data Value (디지털 데이터 가치의 정량적 측정에 대한 개념적 연구)

  • Choi, Sung Ho;Lee, Sang Kon
    • Journal of Information Technology Services
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    • v.21 no.5
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    • pp.1-13
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    • 2022
  • With the rapid development of computer technology and communication networks in modern society, human economic activities in the almost every field of our society depend on various electronic devices. The huge amount of digital data generated in these circumstances is refined by technologies such as artificial intelligence and big data, and its value has become larger and larger. However, until now, it is the reality that the digital data has not been clearly defined as an economic asset, and the institutional criteria for expressing its value are unclear. Therefore, this study organizes the definition and characteristics of digital data, and examines the matters to be considered when considering digital data in terms of accounting assets. In addition, a method that can objectively measure the value of digital data was presented as a quantitative calculation model considering the time value of profits and costs.

Estimating Economic Service Life of Assets by Using National Wealth Statistic (국부 통계조사자료를 이용한 자산별 경제적 감가상각추정에 대한 연구)

  • Cho, Jin-Hyung;Oh, Hyun-Seung;Lee, Sae-Jae;Suh, Jung-Yul
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.30 no.4
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    • pp.170-181
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    • 2007
  • The purpose of computing economic depreciation value is to find valuation of assets closely in line with market prices. The valuation of industrial assets are called Engineering Valuation. The two representative techniques for such valuation are Hulten-Wykoff Method, which estimates real value using regression equations, and T-factor Method devised at Iowa State University. The two are all empirical methods for computing service life (duration period). In this paper, we derived the service life by empirical methods using national wealth statistics, and also by more conventional methods such as original group method and retirement method. The results from each method are compared with one another. We also computed economic service life from these results. In S. Korea where amount of asset value statistics is still insufficient, the most effective method for empirically computing economic service life turns out to be the one using national wealth statistics. In addition, we also present economic relationship between depreciation value computed by using Hulten-Wykoff Method and depreciation value computed by using T-factor Method.

Estimation of Socio-Cultural Value and Preservation Program of Grassland in Jeju (제주초지의 사회.문화적 기능 가치평가 및 보전방안)

  • Rhee, Sang-Young
    • Journal of Korean Society of Rural Planning
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    • v.13 no.4
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    • pp.23-30
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    • 2007
  • The purpose of this paper is to estimate economic value of multi-functionality roles including landscape and so on, which grassland in Jeju possesses, using Dichotomous Choice Contingent Valuation Method (DC-CVM). Grassland is life cultural heritance of regional residents in Jeju. It has functions like development of favorable landscapes, maintenance of cultural heritage, and recreation/relaxation. Expectation from regional visitors shows that the existence and inheritance value of grassland is higher than we expected. According to the research that we had done from the people that had agreed to contribute grassland. moreover the public commercial value of grassland was not only $397{\sim}419$ billion won but also it will increase an economic gain in every year in Jeju. Therefore, preserving grassland that has multi-functional roles and values can lead to huge economic value in the future in Jeju. Moreover, farm households which are located in the grassland conservation area would be supported $15{\sim}31$ billion won in every year for grassland conservation but it is only $4{\sim}8%$ of the economic value of grassland i.e. $3,971{\sim}4190$ billion won. Thus, grassland preservation policy and plan can raise green-tour commercial value of Jeju area as a long-term inside measurement. Those will have to be propelled continuously.

THE EFFECT OF LEED CERTIFIED BUILDING ON THE SURROUNDING NEIGHBORHOOD IN NEW YORK CITY

  • Min Jae Suh;Annie R. Pearce;Young Hoon Kwak
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.28-35
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    • 2013
  • The construction industry has introduced the Leadership in Energy and Environmental Design (LEED) rating system to promote objective evaluations of the sustainability of buildings. Three important values to consider when implementing sustainability are the associated environmental, social, and economic impacts. Recently, researchers have begun to investigate the real estate value of LEED certified buildings in terms of the rental cost, occupancy rate, cost per unit area, and resale value in order to better understand the economic benefits of the LEED rating system. However, the economic benefits also encompass economic effects such as the impact of LEED certified buildings on neighborhood real estate values surrounding the certified buildings. This research examines whether the enhanced real estate value of LEED certified buildings in New York City extends to surrounding commercial buildings, utilizing spatial analysis via a Geographic Information System (GIS) and the hedonic pricing method to derive meaningful economic relationships. The results provide practical insights into the economic effect of LEED certified buildings that will be of interest to city officials and planners, as well as the owners, developers, investors and other stakeholders of surrounding buildings.

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Economic Valuation Methods of Biodiversity

  • Cho, Woo-Young;Bae, Doo-Hyun;Kim, Hong-Sok
    • Environmental Engineering Research
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    • v.13 no.1
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    • pp.41-48
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    • 2008
  • The valuation of biodiversity is a fundamental step in conservation. The useful framework for analysing the economic value of biological resources is that of total economic value (TEV) and TEV comprises both use and non-use values, the former related to an actual use made of the resource, the latter to a willingness to pay for the resource independently of any use made of it. There are several valuation approacher in environmental economics literature. However, stated preference approach should be introduced for valuation of biodiversity because it can estimate non-use value as well as use value. Contingent Valuation and Conjoint Analysis are representative methods in stated preference and Conjoint Analysis can be more useful for valuation of biodiversity. Futhermore, the combination of ecology and economics to assess biodiversity leads to an integrated framework. Thus, interdisciplinary work is required, involving both economists and ecologists transferring elements or even theories and models from one discipline to another and transforming them for their specific, mutually consistent purpose.

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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