• Information Systems Review
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• 제9권1호
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• pp.161-189
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• 2007

The purposes of this dissertation are to identify various factors affecting the outcomes of feasibility analysis and investment decision makings of new IT project plans and empirically analysis the relationships among them. 9 variables which have been drawn from prior studies and industry practices are the amount of the necessary resource such as development budget and time, the expect financial benefits, the degree of alignments between IT projects and the business strategy, the estimated risk, and the investment priority as the dependent variable. Data from 125 IT projects of K bank, the leading commercial bank in Korea, have been collected and Regression Analysis and ANOVA have been performed. As results, 5 out of 8 hypothesis have been accepted partially or totally.

• Journal of Digital Convergence
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• 제10권11호
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• pp.175-183
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• 2012

The purpose of this study is to investigate the relationships between institutional pressures and IT investment decision making of management. To analyze the proposed model, we distribute survey questionnaires to mid-size IT firms and collect data from them. Furthermore, the proposed model was tested by PLS(Partial Least Squares) technique. We found that coercive pressure and normative pressure have an effect on mimetic pressure. However, these two pressures do not influence the IT investment decision making. The mimetic pressure has an effect on the IT investment decision making. The conclusions and implications are discussed.

• Journal of Korea Port Economic Association
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• 제27권2호
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• pp.297-311
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• 2011

This paper deals with a strategic investment decision model for improving investment profit in shipping industry. Despite the quantitative expansion of Korean shipping business, many shipping firms have suffered financial difficulties due to financial and operating risks that result from the characteristics of capital-intensive business as well as of volatility of shipping markets. As a result, managers in charge of making an investment decision, particularly in tramper business sector, are required to take both financial and operating risk factors into consideration. Put it differently, managers are strongly recommended to avoid these risks by ship asset play; buy-low and sell-high, which results in considerable capital gain and cost reduction. In addition, managers in shipping industry are also recommended to consider the ship chartering investment alternative when the freight markets show extreme volatility as the case of 2008 triggered by sub-prime mortgage financial crisis in USA. For example, the BDI suffered plunging down from 1000 in 2008 to 100 in 2010. Consequently, the 4th largest shipping company in Korea, DAEHAN Shipping Co., has collapsed primarily due to excessive tonnage expansion during the peak time of bulk market. In sum, the strategic investment decision model, suggested in this paper, is designed to include such factors as capital gain by asset play, timely chartering for alternative shipping service, and optimization of operating profit by tonnage adjustment in accordance with change in the shipping markets concerned.

• 한국IT서비스학회:학술대회논문집
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• 한국IT서비스학회 2009년도 추계학술대회
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• pp.373-379
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• 2009

최근 기업들은 증가하는 IT 투자가 기업 가치 증대에 얼마나 기여하고 있는지를 합리적으로 검증 할 수 있는 방법을 모색하고 있다. 이사회 및 최고 경영자는 IT 투자 대상의 우선 순위 결정이 투명하고 합리적인 기준에 기반하여 결정하고자 하나. IT 투자 대상의 우선 순위 결정을 위한 기준은 매우 다양하고 표준화 되어 있지 않기 때문에 합리적인 투명한 결과를 얻기는 매우 어렵다. 본 연구에서는 기업들이 IT 투자 우선순위를 선정하기 위한 기준은 어떠한 것들이 있으며, 각각의 기준들에 대한 가중치를 어떠한지를 계층적으로 분석하여 IT 투자 대상의 우선 순위 평가 모델을 제시한다. 이 평가 모델을 활용하여 다양한 이해 관련자들이 IT 투자 우선 순위를 결정함에 있어 합리적이고 투명한 의사 결정이 가능하게 한다.

• The Journal of Society for e-Business Studies
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• 제11권1호
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• pp.53-67
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• 2006

It is difficult to justify an IT investment unless the investment is expected to have a direct impact on a corporation's performance under rapidly changing business environment. It is important to demonstrate the benefit of the investment through a pre-investment assessment process to induce the executive's decision. This paper presents a methodology to assess the investment by analyzing cost and benefit of the investment. This methodology shows tangible cost as well as hidden cost by analyzing total cost of ownership. The methodology also produces ROI by performing cost benefit analysis including financial and non-financial factors. This paper suggests a systematic way to support If investment decision marking process by evaluating the investment objectively.

• The Journal of the Korea Contents Association
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• 제18권9호
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• pp.584-593
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• 2018

The startup, which is a common noun to start a small business, has been recently one of main targets for policymakers due to its important role for job creation and considerable potential for sustainability of an economy. However, technological entrepreneurship decreased by 5.0% p from 2013 to 2016. The revitalization of entrepreneurial investment promoted by the government is mainly supported in fruitable venture companies at grow stage or 2~3 years before IPO through venture capital firms and angel funds. It is far from an investment at start-up. It is therefore necessary to motivate private investment to be active in the private start-up sector. In addition, the start-up investment requires institutional support and government support to meet the expectations of investors about the possibility of payback and profitability of private investment invested in the founding period. As a small entrepreneur at a comparably early stage in the lifecycle of business, investments for the startup are generally made by informal investors such as family, friends and fools, and their decision making processes are relatively non-programmed compared with ones for listed corporales such as venture capital and angel fund agency. This study focuses on analyzing decision making factors in investment, and verifying an impact of such factors, specifically the possibility of investment payback and investment profitability, in a decision-making process for the startup especially at the very early stage.

• The KIPS Transactions:PartD
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• 제14D권1호
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• pp.107-120
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• 2007

When it tomes to IT investment, it's a challenge for the management to make the right decision. Unlike investment in other business area, it's hard to measure direct cost vs. effect in IT business. To validate the investment in IT, it is required to establish objective assessment system that both provider and beneficiary of information can accept, and it is also required to suggest an assessment tool of fixed quantity that includes measuring standards and method for the economic effect of new investment. This study, therefore, has developed IT ROI Methodology that can prove investment validity by accepting the strong points of the existing models while complementing their weak points and by analyzing IT Investment and IT Efforts. It also has built an IT ROI System that reflects the methodology which is applied to 21 companies of 5 business categories. This system is designed to provide effective and objective decision-making tool for IT investment by proving what positive impacts IT could have on business activities.

• The Journal of the Korea Contents Association
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• 제16권3호
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• pp.553-562
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• 2016

Then, it investigated the investment preference through the previous studies to analyze the influence factor of investment satisfaction and demonstrated the effects through the PLS (Partial Least Squares) regression. In addition, it separated the target type to institutional investors and retail investors and carried out the survey for comparing the investment preference of investor type. The result of analysis found out that institutional investors emphasis on investment preference such as the Inflation hedge, Early payback, Financial stability, Leverage risk and etc. Then, general investors emphasis on investment preference such as the Rental income, Facilities and Equipment, Business area and population, Ease of use, Leverage risk, Early payback and etc. In addition, common investment preferences are the Leverage risk, Early payback and Facility accessibility.

• KIPS Transactions on Computer and Communication Systems
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• 제1권3호
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• pp.229-242
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• 2012

Although many companies acknowledge the necessity of investment of information security, it is difficult to grasp a tangible effect and to calculate a scale of damage from the security incident. Consequently, companies are under the reality that it is not easy to make an investment decision for information security and to calculate the investment scale. For the investment decision making, although there are several traditional techniques of investment analysis, the investment of information security, comparing to other tangible assets, has limitations in using traditional techniques due to the highly uncertain investment effects. In this study, the traditional technique of investment analysis will be described, and the application method of analytic technique for Real Option, which is developed from the evaluation technique of highly uncertain financial futures and options, will be suggested.

• Journal of Korea Water Resources Association
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• 제39권12호
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• pp.1067-1080
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• 2006

In empirical evaluations of public projects and public provided goods, MCDA(multicriteria decision-making analysis) has helped decision makers with an adequate policy decision-making tool since it allows taking into account a wide range of assessment criteria. As a tool for decision-making of conflict management, MCDA has demonstrated its usefulness in many public projects such as road, dam and harbor construction. In this study, to use this merit of MCDA, dam project assessment indicators from points of social, economic, environmental and practical views are developed based on sustainable development of water resources, and weighting factors are also estimated by means of questionnaire survey. In order to decide project investment rank, developed evaluation indicators are applied to 6 existing dams under investigation for a rehabilitation project. In addition to, it is recognized that the project practicability has become more important indicator as well as environmental and social issues. This is because cooperation and support from a local government and people are regarded as one of the most important problems in public projects recently.