• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 한국건설관리학회 2003년도 학술대회지
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• pp.222-225
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• 2003

The development project of a public rental housing require the accurate and systemical feasibility analysis for the successful performance owing to the long project duration. But, the item and procedure of the existing feasibility analysis are not standardized and the correlation among each of items is not clear. Therefore, analysis has much difficulty. The purpose of this study is to present the basic data for the modeling of the feasibility analysis system, through the domestic public enterprise-oriented survey and interview and collection of the report about the feasibility analysis.

• Journal of the Korean housing association
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• 제13권6호
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• pp.79-88
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• 2002

The intent of this study is to investigate the feasibility of small-scale developments in residential blocks in the city, and to propose development strategies and models. This research is done on the premises that large housing developments ignore the urban structure of its own quality, whitens on-lot-based multi-unit housing developments fail to maintain amenity and livability in residential blocks. For solving these shortcomings, this research proposes the possibility of small-scale housing development models as an alternative development system. And some residential blocks were selected as case sites and analyzed into typical block types, to support the proposal of pertinent development types. Each type was investigated and discussed in terms of development feasibility and proper development strategies. Finally, three development schemes are proposed as prototypical models for the best application in residential blocks.

• Journal of the Korean housing association
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• 제20권5호
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• pp.23-30
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• 2009

In case of national rental apartment, habitability is generally evaluated low comparing with typical apartments. So, researches and investment are required to increase the residential environment. In this point of view, present study aims to suggest the basic data for improvement of homeless masses' dwelling level through economic feasibility analysis. Firstly national rental apartment, which habitability is considered to be low in the point of environment-friendly, welfare, and convenience, is chosen as objective. Secondly environment-friendly project items including project flow were set up, and then basic model was formed to evaluate economic feasibility through priority survey to residents. In result, priority for two items among six different proposals were higher than the others. This result could be useful when trying to increase the dwelling level of national rental apartment being planned to construct in future.

• Journal of the Korea Institute of Building Construction
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• 제4권3호
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• pp.117-124
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• 2004

This study aims to evaluate the feasibility of remodeling business by predicting the future price of apartment house after remodeling using Hedonic Price Model. The data concerning such 8 independent variables as location, unit size, unit plan, landscape, parking, the number of elapsed years after completion, number of units, brand per apartment unit from 25 regions in Seoul metropolitan city were collected and evaluated by established evaluation criteria. The coefficients affecting the price of apartment unit were made by way of linear multi-regression and put into Hedonic Price Model. The feasibility evaluation model for apartment was made and verified by data of remodelled apartment. The predicted results using suggested evaluation model coincide with actual apartment market situations.

• Korean Journal of Construction Engineering and Management
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• 제5권3호
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• pp.97-105
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• 2004

Planning phase became very important because the construction market in Korea is often unpredictable. The existing feasibility analysis cannot fulfill its purpose in development projects because they are based on intuitive approach rather than systematic approach. The purpose of this study is to make a prototype of feasibility model to be a good investment. To build the model, first, risk factors which can be occurred in project had to be selected. Risk factors were divided into several groups in basis of characteristical risk. Economical risk factors were input on financial analysis. Then, to catch the relevance and influence of all risk factors, influence diagram and decision tree were made. Finally, sensitivity analysis was activated, then what the critical factors were, and how those factors could be solved. Through these procedures, the feasibility model that was made in this study could include both quantitative and qualitative factors. This model is expected to be used as a guide of feasibility analysis including all risk factors and is to serve systematic frame in planning and feasibility stage.

• Proceedings of the Korea Inteligent Information System Society Conference
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• 한국지능정보시스템학회 2005년도 공동추계학술대회
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• pp.241-250
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• 2005

New product development (NPD) is defined as the transformation of a market opportunity and a set of assumptions about product technology into a product available for sale. Managers charged with project selection decisions in the NPD process, such as go/no-go choices and specific resource allocation decisions, are faced with a complicated problem. Therefore, the ability to develop new successful products has identifies as a major determinant in sustaining a firm's competitive advantage. The purpose of this study is to develop a new evaluation model for NPD project selection in the high -tech industry using support vector machines (SYM). The evaluation model is developed through two phases. In the first phase, binary (go/no-go) classification prediction model, i.e. SVM for high-tech NPD project selection is developed. In the second phase. using the predicted output value of SVM, feasibility grade is calculated for the final NPD project decision making. In this study, the feasibility grades are also divided as three level grades. We assume that the frequency of NPD project cases is symmetrically determined according to the feasibility grades and misclassification errors are partially minimized by the multiple grades. However, the horizon of grade level can be changed by firms' NPD strategy. Our proposed feasibility grade method is more reasonable in NPD decision problems by considering particularly risk factor of NPD in viewpoints of future NPD success probability. In our empirical study using Korean NPD cases, the SVM significantly outperformed ANN and logistic regression as benchmark models in hit ratio. And the feasibility grades generated from the predicted output value of SVM showed that they can offer a useful guideline for NPD project selection.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 한국건설관리학회 2007년도 정기학술발표대회 논문집
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• pp.249-254
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• 2007

The main bodies of housing markets of today need to carry out a systematic and objective feasibility analysis even from the step of planning in order to succeed in a diverse and complex market environment. Therefore, it is meaningful to understand this housing market environment and propose a necessary model for the feasibility analysis of hosing business. In this vein, the aim of this study was to extract an actual and practical feasibility analysis factor and its importance for housing market, and then present and apply a feasibility analysis factor model to an on-site example, in order to verify the model's validity. For this, the investigator interviewed with and carried out a questionnaire survey of experts in housing development projects. Study findings are as follows:First, the feasibility analysis factor, derived in this study, could provide a ground to evaluate the feasibility of subject projects in the planning of development through an analysis index. Second, when feasibility is under the level of carrying out the projects, it is possible to reexamine the projects through extracting analysis factors of which points are under the standard and via a feedback process for improvable analysis factors. Therefore, the result of applying the feasibility analysis model of this study to actual housing development projects analytically shows that the model could provide a practical evaluation criterion to the person in charge of project development through an analysis index.

• Journal of the Korean housing association
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• 제14권5호
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• pp.129-140
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• 2003

The purpose of this study is to provide the feasibility of apartment remodeling types in DaeJeon City. This study was conducted by survey for the residents' perceptions of the apartment remodeling. In addition, this study estimated the cost according to remodeling types by comparing it with that other apartments in DaeJeon City. By doing so, this study evaluated the feasibility of remodeling. The results of this study are as follows: 1. Not only the level of the residents' perception but also the intention of apartment remodeling was high. 2. The cost of remodeling was similar to that of residents had answered at questionaire. Thus, the remodeling cost proven to be very reasonable. 3. The cost of horizontally expanding remodeling type was cheaper than that of moving within the same apartment complex or into the new apartment. The cost of others (duplex, expansion or reduction of household) are cheaper that of moving. But one of the difficulties in carrying out these types lies in the fact that the remodeling should be performed in the apartment complex or building. Accordingly, this study proposes that horizontally expanding remodeling type is more feasible in DaeJeon City.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 한국건설관리학회 2001년도 학술대회지
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• pp.267-272
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• 2001

The purpose of this study is to suggest the process and calculating method of feasibility study for the reconstruction apartment projects, and the results of this study is fundamental knowledge for the exact and exquisite plan. The process of this study are as following : 1. Research for the process and peculiar character of reconstruction project. 2. Investigate input and output item and suggest the calculating methods that are generally accepted. 3. Suggest the general process on feasibility study for reconstruction apartment project.

• The Journal of the Korea Contents Association
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• 제9권1호
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• pp.407-416
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• 2009

It is evident that a financial feasibility study based on the economic analysis has been theoretically and practically accepted in the aspect of its adequacy. However, it is not easy to apply in the practical business affairs since there exist some difficulties on the economic analysis and the interpretation of the result because of the difficulty of the estimation of the discount rate. This study aims to suggest a method of the financial feasibility study based on the economic analysis. The results of this study are as follows. First, this study can increase the reliance and adequacy of the economic analysis result by suggesting a method of estimating the discount rate by means of the proxy ${\beta}$ method in the practical way. Second, this study can provide the overall frame of the financial feasibility study based on the economic analysis method (namely, Net Present Value Method internal rate of return, profit index method and payback period method)which use discount rate and cash flow. Third, this study can suggest an practical analysis skill required in each step of the financial feasibility study.