• 한국주거학회논문집
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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.

• 한국정보시스템학회지:정보시스템연구
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• 제27권4호
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• pp.149-165
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• 2018

Purpose As Korean economy has been sluggish in recent years, firms' interest in publicly financed projects has increased due to the relatively increasing proportion in the economy. Since 1999, publicly financed projects in Korea need to undergo preliminary feasibility study to evaluate economic efficiency and policy quality if they are larger than a certain scale. The benefits of public projects are one of the most important factors in the preliminary feasibility study but are difficult to estimate due to their nature. Design/methodology/approach This study estimates the benefits of the agricultural soil information database, a public database in Korea. The method used in the study is the stated preference method which is formally used in Korea's preliminary feasibility study. Data are collected through surveys and a logit model is constructed to be estimated by the maximum likelihood estimation method. Findings As the first study evaluating a public database, this study can be used as a baseline in all public database projects developed in the future. In addition, this study can contribute to improving the understanding of both private companies and public organizations who are interested in the cost-benefit analysis and estimation procedure for the publicly financed projects.

• 아태비즈니스연구
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• 제15권1호
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• pp.319-334
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• 2024

Purpose - The purpose of this study is to examine the gravity model commonly used for demand forecasting upon the implementation of new tourist facilities and analyze the main causation of forecasting errors to provide a suggestion on how to improve. Design/methodology/approach - This study first measured the errors in predicted values derived from past feasibility study reports by examining the cases of five national science museums. Next, to improve the predictive accuracy of the gravity model, the study identified the five most likely issues contributing to errors, applied modified values, and recalculated. The potential for improvement was then evaluated through a comparison of forecasting errors. Findings - First, among the five science museums with very similar characteristics, there was no clear indication of a decrease in the number of visitors to existing facilities due to the introduction of new facilities. Second, representing the attractiveness of tourist facilities using the facility size ratio can lead to significant prediction errors. Third, the impact of distance on demand can vary depending on the characteristics of the facility and the conditions of the area where the facility is located. Fourth, if the distance value is below 1, it is necessary to limit the range of that value to avoid having an excessively small value. Fifth, depending on the type of population data used, prediction results may vary, so it is necessary to use population data suitable for each latent market instead of simply using overall population data. Finally, if a clear trend is anticipated in a certain type of tourist behavior, incorporating this trend into the predicted values could help reduce prediction errors. Research implications or Originality - This study identified the key factors causing prediction errors by using national science museums as cases and proposed directions for improvement. Additionally, suggestions were made to apply the model more flexibly to enhance predictive accuracy. Since reducing prediction errors contributes to increased reliability of analytical results, the findings of this study are expected to contribute to policy decisions handled with more accurate information when running feasibility analyses.

• 아태비즈니스연구
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• 제12권2호
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• pp.205-222
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• 2021

Purpose - Due to the Covic-19 pandemic, the perceived value of video conferencing platforms has been increased drastically. However, there is little guidance on how service providers can improve video conferencing platforms. The purpose of this study is to investigate the factors that influence the users' perceived value of video conferencing services based on the heuristic-systematic model and the value-based adoption model. Design/Methodology/Approach - In this paper, we theoretically explore the relationship of the antecedents of perceived value(credibility, expertise, attractiveness, economic feasibility, security, and interactivity) and its outcomes (perceived usefulness, perceived risk and perceived value). The outcomes of this research is a conceptualization of antecedents of perceived value supported by research hypothesis based on the existing literature. A total of 100 valid questionnaires were collected to empirically test the research model. Findings - The analysis results showed that credibility, economic feasibility, and interactivity positively influenced perceived usefulness. On the other hand, credibility, professionalism and interactivity negatively influenced perceived risk. Perceived usefulness positively affects perceived value and perceived risk has a negative effect on perceived value. The brand image as a moderating variable was found to decrease the effect of perceived risk on perceived value. Research Implications - The contribution of this study is significant for video conferencing providers as follows. First, a service provider can actively utilize influencers or referees with high credibility and expertise to maximize the perceived usefulness of users. Second, economic feasibility should be ensured in respect of users through various alliance discount strategies. Third, a video conferencing service company needs to build a positive brand image in order to increase users' perceived value.

• 한국군사과학기술학회지
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• 제21권3호
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• pp.279-287
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• 2018

This study investigated applicability of the fast running model for damage assessment of underground structures by ground shock. For this reason, the fast running model that consists of two main models such as the ground shock generation and propagation model and the underground structural damage assessment model was developed. The ground shock generation and propagation model was programed using theoretical formula and empirical formula introduced in TM5-855-1(US army manual). The single degree of freedom model of structural components was utilized to predict structural dynamic displacements which are used as index to assess damage level of components. In order to confirm the feasibility of the developed fast running model, underground structural dynamic displacements estimated from the fast running model were compared to displacements obtained from the finite element analysis.

• 한국컴퓨터정보학회논문지
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• 제20권11호
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• pp.163-168
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• 2015

Various methods have been used to solve the problem of the evaluation of the complex decision-making. In the case of public projects, used the AHP method to evaluate the pre-feasibility of the projects. In this paper, The pre-feasibility was referring to the 'General guidelines for the pre-feasibility' of the KDI and was used the AHP to evaluate for public projects of the H-city. In order to achieve this object, the structured hierarchical model and questionnaire developed based on the evaluation guidelines of the KDI. Also, the weight of evaluation factor was calculated based on the AHP method and was obtained the evaluation results for the project implementation alternative.

• 수산경영론집
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• 제53권2호
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• pp.1-20
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• 2022

This study is aimed to analyze fishermen's perception and the economic feasibility of inland waters ranching project on the branches of Geum River. Analysis of fishermen's perception on the branches of Geum River showed that fishermen had an affirmative response on the inland freshwater ranching project related issues such as fisheries resources enhancement, necessity of project, economic achievement as so on. The model of inland waters ranching project on the branches of Geum River is designed to fisheries resources enhancement, habitat compositiom, ecology tours, use and management of resources. The results of the economic feasibility of inland waters ranching project on the branches of Geum River were internal rate of return (IRR) was 18.43%, a benefit-cost ratio was shown to be 1.54, net present value (NPV) was 4,929 thousand won, which indicates the economic feasibility of inland waters ranching project.

• 수산경영론집
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• 제43권3호
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• pp.23-30
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• 2012

This study aimed to analyze the economic feasibility of Mackerel offshore aquaculture production performance in Jeju region, Korea. Based on the collected biological, costs and market price data, farming revenue and expenses during the farming period were evaluated, and the net present value and the internal rate of return of a 10-year cash inflow and cash outflow were estimated to determine the economic feasibility of Mackerel offshore aquaculture production system. Model results indicated that the Mackerel offshore aquaculture production performance would have high profitability under the current production and market situation. This is because of the relatively high survival rate, relatively low feed conversion ratio and good market prices. However, sensitivity analyses of main important biological and economic variables showed that the economic viability of Mackerel offshore aquaculture production system would be highly vulnerable to production and market condition changes.

• 상하수도학회지
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• 제20권5호
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• pp.709-717
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• 2006

This research was conducted to figure out the feasibility of several sorption materials to treat various pollutants in road runoff. In advance of the major feasibility test with various sorption materials, the separation process with $1.2{\mu}m$ filter was conducted and showed that slight portion of pollutants was removed(Orgamic pollutant - 20%, Nutrient salt - 50%, Heavy metals - 0~30%). To remove dissolved pollutants in runoff, various materials were tested through an isotherm sorption experiment. As a result, GAC showed most effective material among them to lessen most contaminants such as organic compounds and nutrients. On the other hand, ion-exchange resin and Zeolite showed limited usefulness on the some heavy metals. Freundlich model was most suitable for the current experiment data, and the amount of adsorbent (GAC) could calculated based on this model.

• Steel and Composite Structures
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• 제29권3호
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• pp.309-318
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• 2018

Steel girders are the structural members often used for passing long spans. Mostly being subjected to patch loading, or concentrated loading, steel girders are likely to face sudden deformation or damage e.g., web breathing. Horizontal or vertical stiffeners are employed to overcome this phenomenon. This study aims at assessing the feasibility of a machine learning method, namely the support vector machines (SVM) in predicting the patch loading resistance of longitudinally stiffened webs. A database consisting of 162 test data is utilized to develop SVM models and the model with best performance is selected for further inspection. Existing formulations proposed by other researchers are also investigated for comparison. BS5400 and other existing models (model I, model II and model III) appear to yield underestimated predictions with a large scatter; i.e., mean experimental-to-predicted ratios of 1.517, 1.092, 1.155 and 1.256, respectively; whereas the selected SVM model has high prediction accuracy with significantly less scatter. Robust nature and accurate predictions of SVM confirms its feasibility of potential use in solving complex engineering problems.