• Korean Journal of Agricultural Science
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• v.27 no.2
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• pp.158-175
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• 2000

Up to date, the economic feasibility analysis on land consolidation and on-farm development projects were mainly depended upon the direct benefits from market value of project outputs. Therefore the projects were neglected in allocation of the government's financial funds and loans on account of undervaluation of the project benefits including socio-economic and environmental values of the projects. Accordingly the Extended Benefit Cost Analysis Method should be adapted to cover not only the benefits such as non-market values of environmental functions of the projects and but also the economic market values of the project outputs. The main objectives of this study is (1) to provision of the guideline for economic feasibility analysis based on the IBRD and ADB guidelines, (2) to estimate the benefits such as Productivity increase effect, labor saving effect, off-farm income increase effect during off-farm season, saving of O&M cost of farm mechanization, enhance of farmer's public health, increase of environmental public function of paddy fields, effect of food security and establishment of peaceful and uncontroversial rural society by implementing the land consolidation and on-farm development, (3) to introduce the newly adapted analytical method as the extended benefit cost analysis which could make possible the analysis of non-market goods such as the food security value and the environmental public value of paddy fields. To carry out the study, the publication on the guideline for economic analysis of agricultural projects were reviewed and consulted and for the post evaluation of the land consolidation and on-farm development project, field survey in Jeongja area were made for the feasibility study of the project by new method. According to the initial project plan, Jeongja land consolidation and on-farm development project has 96ha of benefit area and the project was started in 1989 and completed in the spring, 1990. The total project costs were amounted to 1,052 million won and the annual project benefits were estimated at 135.4 million in 1989 constant market prices. On the other hand, the newly estimated project benefits as a part of post evaluation of the project were amounted to 602.1 million won including all the benefits from the market and non-market commodities of the project as mentioned above column. The original IRP(Internal rate of return) of the project was estimated at 15.81%. On the other hand, the IRR of the post evaluation of the project was amounted to 16.83%. In case of including the benefit from the environment public function of paddy field, the SRR(Social Rate of Return) was reached to 38.81% and when we added the benefit from food security of the project, the SRR showed very high rate as 46.41%. In conclusion, the project were verified socio-economically feasible and environmentally sustainable considering the above decision making criteria.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.28 no.1
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• pp.147-157
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• 2005

The purpose of this study is to develope the model of economy analysis and evaluation to justify the effect of economic feasibility for constructing ERP system in the company. Since the results for the evaluation of alternatives are influenced by the nature of capital and the circumstances, it is very difficult to evaluate the alternatives and it takes too much time to apply it in the field on account of many alternatives. This study suggests establishment and application of the model on economic analysis and evaluation regarding the nature of capital by using excel spread sheets.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.1D
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• pp.41-47
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• 2006

The construction of traffic facilities has generated a variety of problems in the equality and efficiency when it would be planed and evaluated. One of the reasons for these phenomena isn't the definition of an objective standard about benefit items. Thus, results of evaluation couldn't give a demonstration of confidence. But, the traffic facility construction and its operation costs are securely appeared. Therefor, it will be demonstrated to decide the benefit items in this study. Before deciding the items, user's satisfaction evaluation and economic analysis would be carried. We find out subway user's satisfaction higher than load traffic mode user in satisfaction evaluation, while subway's economic feasibility is lower than load facility, as a result of B/C analysis. In this inconsistent results, we found out that the benefit value is a little lower because of indefinite standard of it's items as comparing Busan Metropolitan City's population with subway's modal split ratio. Accordingly, we enumerate some benefit items in the case of feasibility evaluation as constructing traffic facility. And each of evaluation items' weight is estimated by using ANP. We found out that the weight value of accessibility has the highest one, that of punctuality has second, that of travel time has third, and benefit items according to improvement of user's traffic condition have much more important than those which were considered in the existence economic analysis.

• Journal of the Korean Society for information Management
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• v.22 no.3 s.57
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• pp.147-162
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• 2005

This study aims to suggest a new approach to economic valuation of the special library, in response to the necessity of economic justification of the special library operated by firms and research institutes. Benefit measurement elements and analysis methods to be used in the study were derived through feasibility evaluation on models in previous studies, and objectivity and applicability were the criteria for feasibility evaluation. Depending on which type of resources are used in providing service, different benefit measurement elements and methods were applied. Based on this, calculation formula for service valuation of special library was presented. The development of analysis model for economic valuation of special library made it possible to objectively prove the value of the special library, and is considered to provide an opportunity to publicize the real value of the special library.

• Journal of Information Technology Applications and Management
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• v.21 no.4_spc
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• pp.345-359
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• 2014

Technological, policy and economic factors are both important variables in maximizing the results of a national R&D program and key indicators in evaluating an R&D program's eligibility for financial support. Economic analysis, in particular, is used when selecting R&D programs, setting priorities, and estimating economic effects. This paper examines a series of methodological issues related to the economic analysis of national R&D programs within the framework of the current preliminary feasibility evaluation system, and proposes alternative approaches to each of the issues discussed. The issues include the definition of R&D valuation and establishment of valuation factors; estimation of sales attributable to R&D investment; assessment of the total economic value of R&D as intellectual assets; estimation of R&D benefits and assumption of related to sales; and the application of discount rates based on the weighted average cost of capital. Finally, this study presents directions for future research on analytical procedures and methods of improving the reliability of the results of economic analysis within the national technology planning system.

• New & Renewable Energy
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• v.10 no.2
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• pp.40-47
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• 2014

This study is intended to analyze the appropriate scope for 9.9MW biomass cogeneration, feasibility and sensitivity according to changing market situation. In the study, the heat load is classified into three types to predict heat sales and find out the appropriate scope of thermal business that is operated in CHP 34.42 Gcal/h, PLBwg 70 Gcal/h of cogeneration. the feasibility is estimated based on internal rate of return (IRR) and net present value(NPV). the sensitivity is analyzed in terms of biomass fuel cost, unit price of heating cost, investment cost, SMP unit price and REC unit price.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.25 no.11
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• pp.600-605
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• 2013

Ground source heat pump systems (GSHP) can achieve higher performance of the system, by supplying more efficient heat source to the heat pump, than the conventional air-source heat pump system. But building clients and designers have hesitated to use GSHP systems, due to expensive initial cost, and uncertain economic feasibility. In order to reduce the initial cost, many researches have focused on the energy-pile system, using the structure of the building as a heat exchanger. Even though several experimental studies for the energy-pile system have been conducted, there was not enough data of quantitative evaluation with economic analysis and comprehensive analysis for the energy-pile. In this study, a prediction method has been developed for the energy pile system with barrette pile, using the ground heat transfer model and ground heat exchanger model. Moreover, a feasibility study for the energy pile system with barrette pile was conducted, by performance analysis and LCC assessment. As a result, it was found that the heat exchange rate of a barrette pile was 2.55 kW, and the payback period using LCC analysis was 8.8 years.

• Proceedings of the KSEEG Conference
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• 2007.04a
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• pp.382-384
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• 2007

• Journal of Korean Tunnelling and Underground Space Association
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• v.21 no.1
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• pp.79-92
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• 2019

In this paper, we propose a method to determine whether to install the accommodation facility of the multi-utility tunnel more effectively in the basic planning phase, and to set up an evaluation system to determine the configuration and kind of accommodation facility. For the configuration of the accommodation facility, 98 alternatives were analyzed for 7 accommodation facility. For the evaluation system of the accommodation facility, index related to feasibility and economic in basic planning phase were selected. The evaluation system classified as spatial, effective, and cost evaluation was presented reflecting the selected index, and AHP analysis was performed for weight setting. The results of this study will be helpful for users including designers to shorten the time and increase the efficiency in the process of determining accommodation facility of the multi-utility tunnel in basic planning phase.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.24 no.10
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• pp.90-98
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• 2010

Microgrid is a small-scale power system composed of distributed generators, energy storage system and loads, and can operate in the grid-connected mode and the islanded mode. This paper presents optimal design procedures for remote microgrid. The design program is based on the economic evaluations including the feasibility study module, optimal combination and allocation of DERs, power network design and the reduction of the GHG emmission. This program which is suggested in this paper shows good performance as a tool of remote microgrid design.