• Title/Summary/Keyword: Investment Appraisal

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Pre and Post Evaluations on IT Platform Migration to Open Systems

  • Shim, Seon-Young;Kim, Eun-Jin
    • Journal of Information Technology Applications and Management
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    • v.15 no.3
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    • pp.1-25
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    • 2008
  • IT platform migration to open systems (IPMO) bears a great deal of risk over all the associated processes, in terms of a major IT investment. Hence it requires empirical data and references for decision making. Although there have been a number of published papers encouraging or discouraging IPMO, the studies that deliver useful empirical evidence for IPMO decisions are rare. The obvious first step to resolve this problem would be to gain lessons from the organizations who experienced IPMO. Based on the Delphi study, we examine both the pre and post evaluations on IPMO benefits and risks and analyze the underlying reasons of different evaluations from different stages. Our results identify the most important factor the organizations should seriously consider, and which factor is easy to neglect at the ex-ante appraisal stage.

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Case Study for Restructuring Informatization Level Indices of Small and Medium sizd Enterprises (중소기업정보화 수준 조사 지표 개선 사례 연구)

  • Yang, Hee-Dong;Kim, Ki Ho;Han, Hyun-Soo
    • Journal of Information Technology Applications and Management
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    • v.19 no.4
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    • pp.197-212
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    • 2012
  • In this paper, we report the public IT policy case results to restructure informatization level indices for small and medium sized enterprise(SME). The indices restructuring project was initiated by TIPA with the group of experts during 2011, and the newly amended indices was employed as the formal instrument to measure SME informatization level. The critical drivers to reform the indices include simplification for more accurate measurement of SME informatization level, reshaping key representative indices of smart IT to better publicize SME's interest toward advanced IT, and systematic reconfiguration of performance measures which reflect business performance enhancement effect through IT investment. Indeed, the IT performance indices are unified to incorporate the instrument for general SME informatization level survey and IT adoption subsidy's effectiveness appraisal. The procedures and details of logic illustrated in this paper provides useful insight for successful implementation of SME informatization as well as for the better policy deployment of IT subsidization for SMEs.

Performance examination appraisal of gas driven engine heat pump(GHP) (GHP 성능 진단 평가)

  • Kim, Beom-Chan;Park, Jung-Ha;Kim, Sung-Soo;Kang, Yong-Tae
    • Proceedings of the SAREK Conference
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    • 2007.11a
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    • pp.376-381
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    • 2007
  • GHP system utilize national gas as a heat source. It reduces electric peak demand in summer and maintains a constant performance in winter by recovering the waste heat from the engine. Although the initial investment cost of GHP is higher than that of EHP, the overall operating cost of GHP is cheaper than of the EHP. In this study, items for dissatisfaction were summarized based on the results of user questionnaire(200 users), and field tests were made for 10 GHP installation places. The measured COP was estimated much lower than the rated COP by the manufacturer mainly due to partial load operation.

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Quality-based Architecture Evaluation Utilizing CBAM (CBAM을 활용한 품질기반 아키텍처 평가)

  • Lee, Jung-Been;Lee, Dong-Hyun;Kim, Neung-Hoe;In, Hoh Peter
    • Proceedings of the Korea Information Processing Society Conference
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    • 2009.11a
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    • pp.821-822
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    • 2009
  • 소프트웨어의 품질결함은 후반으로 갈수록 발견하고, 수정하는 비용이 증가하기 때문에 평가 비용(appraisal costs) 단계에 속하는 아키텍처 평가에서 품질의 저하를 발견하고, 수정하여 전체 소프트웨어 품질 비용을 감소시켜야 한다. 아키텍처 평가기법인 CBAM(Cost-Benefit Analysis Method)은 ROI(Return On Investment)를 통한 아키텍처 전략선택 기법으로, 소프트웨어 시스템에 미치는 품질에 대해서는 고려하지 않는다. 본 논문은 기존의 CBAM에 AHP(Analytic Hierarchy Process)를 적용하여 품질 속성과 아키텍처 전략 조합들과의 관계를 통해, 주어진 자원 안에서 시스템의 품질을 최대화 할 수 있는 방법을 제시한다.

A Way of Improving Merger-related Taxation Systems (합병관련 과세제도의 개선방안)

  • Park, Sang-Bong;Park, Myung-Hi
    • Management & Information Systems Review
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    • v.23
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    • pp.157-174
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    • 2007
  • Concerning this nation's M&A system, it is expected that standards of limitation on ownership is considerably modified and alleviated. This would allow companies to freely merge with each other, raising the efficiency of the whole national economy and ultimately benefiting all economic subjects. Another goal of business merger lies in adjusting net income or reducing tax amount. The income and the amount are to be financially reported. If merger between companies does not create any synergy effect, but just contributes to net income increase or tax reduction for the purpose of the parties' financial reporting, it might distort a rational distribution of wealth over all facets of economy. Merger whose goal is to create the most desirable synergy effect should be positively encouraged, but that whose goal lies in tax avoidance needs to be strongly restricted. Thus the purpose of this study was to find how to improve this nation's merger-related taxation system. For the purpose, this researcher investigated problems of existing tax supports to merger, which meets related taxation requirements, especially in terms of liquidation income, appraisal profit from merger, fictitious dividend and requirements for taxation. Among the problems, the study found, the biggest thing was that liquidation income or deficit carried forward, if any, is subject to be prior deducted from surplus, so the income is likely to generate. To raise the consistency of this nation's taxation on business restructuring, existing local systems in regard to merger, division, investment in kind and dividend-exclusion method need to be reconsidered following the introduction of consolidated taxation system.

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Sustainability Appraisal of Chinese Railway Projects In Nigeria: Afoot

  • Awodele, Imoleayo Abraham;Mewomo, Modupe Cecilia
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.967-974
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    • 2022
  • It is no news that Nigeria's infrastructure challenge is enormous. In the global ranking, Nigeria ranked low in quantity and quality of its infrastructural provision which has a great impact on the ease of business transaction. Low investments in transportation have brought about the current infrastructural deficit. Recently, the Nigerian government has made effort to address at least to some extent the infrastructural deficit through Public-Private Partnership, but this has not yielded the desired result. Moreover, the sustainability issues relating to railway projects such as, emissions, noise pollution, ecosystem, and other environmental issues calls for urgent attention. Hence, this necessitated consideration on sustainability appraisal for the Chinese rail project in Nigeria. This study reviews sustainability of railway projects built by the Chinese firm in Nigeria with particular emphasis on the environmental and social impact of these projects. The study further identified issues and challenges in project implementation with a particular focus on civil dialogue and community engagements. A detailed literature search was conducted on railway projects and infrastructure by systematically reviewing selected published articles.The analysis of the selected articles identified sustainability issues and potential for improvement of Chinese railway projects and how they contribute to or inhibit competitiveness in the Nigerian railway market. From the literature searched, some of the projects constructed by Chinese firm revealed that there is economic and social impact of railway projects delivered by the Chinese firm in terms of capacity development and knowledge transfer potentiality. For instance, in the just concluded Lagos-Ibadan railway projects, the study gathered that the project brought about 5000 jobs and local staff were trained by the Chinese company, this will boost man power and local content capability. Also, it will significantly improve Nigeria's infrastructure and boost its economic development. The study suggests that Nigerian government should ensure and provide an enabling environment that is conducive for investment on the continent. Peace, improved security, and decent governance are the best conditions for sustainable transportation growth.

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A Study on the Investment Determinants for Residential Real Estate Development by Investor Perspectives (주거용 부동산 개발을 위한 투자자 관점에 따른 의사결정 요인에 관한 연구)

  • Kwon, Jaehong;Lee, Jaewon;Lee, Sangyoub
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.5
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    • pp.29-37
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    • 2020
  • This study analyzed the importance of factors according to the investor's perspective through a survey of residential real estate experts using AHP and fuzzy theory. Analysis results showed that rent, profitability, traffic accessibility, commercial and infrastructure, and financial regulation are important in common. By expert group, financial and credit groups cited profitability, rent, traffic accessibility, supply and tax benefits, construction and development groups cited traffic accessibility, rent, direct access, profitability, commercial area and infrastructure, and appraisal and evaluation groups cited rent, profitability, transportation accessibility, financial regulation and supply as the most important factors. This showed that it had a preference characteristic that was associated with work. In other words, it focuses most on the financial perspective in investment characteristics, and it values convenience such as accessibility to transportation and commercial districts and infrastructure as its location characteristics. In addition, it was found that easing financial regulations in the market is important to expand investment in real estate. This study aims to help the business feasibility analysis of residential property developers and rational decision-making of general investors who are consumers, taking into account the various perspectives of the expert group.

Appraisal of the Special Production Area Development Project in Rural Area and Countermeasures for Off-farm Income Increase (The Case of Chungnam Province) (농어촌(農漁村) 특산단지개발사업(特産團地開發事業)의 평가(評價)와 농외소득증대방안(農外所得增大方案) (충청남도(忠淸南道)를 중심(中心)으로))

  • Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.18 no.2
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    • pp.164-179
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    • 1991
  • Korean agriculture has encountered two problems. One is internal income disparity between rural and urbarn area and the other is external Uruguay Round trade problems as an abolition of direct and indirect import barriers, reduction in export subsidies and to reduce internal price supports. These problems will be brought severe farm problems such as decreasing farm household income and repressing agricultural growth in the near future. Considering the above inevitable facts Korean government has implemented several development projects such as rural industrial area development project, rural special production area development project, leisuresight seeing farm development project, traditional food development project, unskilled labor training project for off-farm employment and so on, to increase farm household income through off-farm income increase. This study was mainly concentrated on the identification of operational problems and post evaluation of the rural special production area development projects which aimed at increasing non-farm incomes and giving employment opportunity for rural farmers in small factories processing regional special farm products and mine products. The main findings and problems to be solved for the successful project implementation are as followed ; 1. Total number of the special production area development projects as of the end of 1991 was amount to 138, and total number of farm household participated were estimated at 2,079, and total amount of off-farm income per farm household was reached to 3,011 thousand won. 2. The total number of processed special products have increased from 21 items in 1981 to 56 items in 1991. On the other hand the total number of farm household participated in the projects have decreased from 2,518 to 2,079 during same period. 3. Total amount of investment for the projects has increased from 1,429 million won in 1981 to 24,760 million won in 1991 but the rate of G'T loan of the total investment has reduced from 24.5% to 5.2% during same period. 4. 138 special production area development project are classified into 6 kinds of commodity groups such as 19 of general industrial good production areas, 52 of folks-industrial art objects production areas, 39 of food processing areas, 9 of fiber and texstile processing areas, 18 of agricultural and fishery inputs processing areas and 1 of stone processing area. 5. The total production value in 1990 was estimated 20,169 million won of which export was amount to 2,627 million won. 6. The finacial rate of return of the UNGOK KUGIJA Tea processing Project operated by UNGOK coops and BAKSAN ginseng tea processing project were estimated at 45.4% (B/C Ratio=1.17, NPV=152.5 million won) and 17.7% (B/C Ratio=1.12, NPV=120.2 million won) respectively. 7. More favorite terms and condition of the loan including collateral problems have to be given to farmers participated. Heavy investment and G'T subsidy policies should be started for the successful project implementation anf farm household income increase. 8. To expand market demand of the rural special goods G'T have to provide special program of TV or other mass media for commodity propaganda and the total cost concerned must be supported by G'T subsidy. 9. The special farm products as GUGUJA,MOSI'Ramie', Ginseng. SOGOKJU,HEMP,Mushroom.DUGYUNJU and Chesnut processing projects have to be propelled and expanded for off-farm income increase in Chung Nam Province. 10. Direct operational pattern of the special production area by coops is more favorable to farmers and recommendable considering with off-farm income increase and market demand creation throughout Korea. 11. In rural area, special organizations for project appraisal are not exist. Accordingly special training program, project appraisal, formulation and preparation for civil servants concerned have to be prepared for project selection and sound implementation under limited budget and financial support.

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A study on the ideal structure of feed sprue in the investment casting process (정밀주조 프로세스에서 피드 스프루의 이상적 구조에 관한 연구)

  • Lee, Kwang-Yeol
    • Journal of the Korean Crystal Growth and Crystal Technology
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    • v.22 no.2
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    • pp.105-113
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    • 2012
  • Maintenance training is generally provided to teach employees new knowledge and techniques in order to increase their qualities. It means that the purpose of maintenance training is to increase an employee's knowledge or technique level and to maintain or increase their performance level through continuous training in their field, and the methods, contents and the level of training vary depending on the type of job they perform. Maintenance training is more important for jobs that require continuous technical increases or research, or for professional jobs that continuously require new knowledge and techniques. The purpose of this study is to provide quality service to consumers by responding to the rapidly changing jewelry distribution environment and to quickly and accurately acquire new and advanced jewelry inspection and appraisal techniques, and to contribute to the healthy consumption culture through a general quality increase in the jewelry industry.

A Study on Economic Analysis and Performance Appraisal of Compact Type Variable Air Volume (컴팩트형 VAV 공조기의 성능평가와 경제성 분석에 관한 연구)

  • Kim, Dong-Cheol;Chung, Kwang-Seop;Kim, Young Il
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.27 no.1
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    • pp.44-49
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    • 2015
  • Ceiling cooling and heating system that consider load arrangement and space in the ceiling needs to be developed. Therefore, experimental and economic changes were done to verify the performance of compact type VAV. The test results were as follow. 1) Noise test result, measuring approximately 50.4 dB~56.6 dB (before ceiling in landfill), had a better ceiling deadline than the current measure, about a 10 dB noise reduction, so that the office baseline (40~50 dB) noise was judged to be less than test. 2) For the static pressure test result, taking out an outside hydrostatic 25 mmAq, 24.8 mmAq was measured, respectively, at the point. 3) For the life-cycle cost analysis result, the initial investment cost, maintenance replacement costs, and maintenance costs increased 0.2%, but the energy savings ratio was 19.5% while the whole life cycle savings of 40 years LCC was reduced 11.9%.