• Proceedings of the Korea Technology Innovation Society Conference
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• 2000.11a
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• pp.259-277
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• 2000

In this paper, we suggest theoretical grounds on the problem of R&D portfolio with different option premiums utilizing the Real Options Model, which has received intensified attention as the method of assessment of R&D project with high risk. Even though there have been many studies focused on the evaluation of option value of single project from technology valuation's perspective. there are few study on the portfolio of multiple technology investment by option value using. This paper bears practical importance by showing simple examples with the option value of investment alternatives and the valuation of related risk, the construction of optimum portfolio in technology investment alternatives.

• Proceedings of the Safety Management and Science Conference
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• 2004.11a
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• pp.197-203
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• 2004

Railway system is consisted of various resources such as rail-line, signal, and railcar. It is necessary to efficiently utilize these limited and expensive resources as much as possible up to given line capacity. So far, we treat the line capacity as the criteria for evaluating investment alternatives or for restricting train frequencies, and this criteria is calculated statical and experimental numerical formula. But, line capacity has special attribute that changes dynamically according to operational conditions, so there is a need of new line capacity estimation system. In this paper, we present an improved systematic line capacity model. The proposed model has three main components ; TPS(lain performance simulator), PES(parameter evaluation simulator), LCS(line capacity simulator). The concept of each sub-component is described, including the evaluation method of capacity parameters. And capacity parameter evaluation and estimation results using sample line section data are presented.

• The Journal of Sustainable Design and Educational Environment Research
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• v.10 no.1
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• pp.10-25
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• 2011

Area Offices of Education in Korea assign and execute government budget based on the evaluation of school buildings' safety rating and degree of their deterioration. However, it is never easy to estimate the most appropriate investment amount for old buildings under consideration of their service lives and residual values together. A model of estimating optimum investment cost for obsolete school building is developed taking its life cycle cost into account. The model is also applied to six old buildings in five different schools and found that some of the facilities hardly needed further investment and were better to be rebuilt. The study results will be a great beneficial for officers to make right decision on maintaining obsolete school buildings and to maximize tax payers' money.

• Journal of Korean Institute of Industrial Engineers
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• v.21 no.3
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• pp.299-311
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• 1995

Conventional discounted cash flow techniques fail to capture the risk associated with investments. This paper proposes an annual cash flow model that considers risk, cost structure and inventory liquidation in the evaluation of investment alternatives. The risk differential of investments is included using the capital asset pricing model while the stochastic version of the cost-volume-profit approach is used to consider inventory liquidation and cost structure. Tradeoffs between fixed and variable costs have been investigated, and portrayed using iso-cash flow curves. The proposed cash flow model has been developed, in particular, to enable an accurate evaluation of advanced manufacturing systems.

• Proceedings of the Korean Society of Computer Information Conference
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• 2014.07a
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• pp.91-92
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• 2014

Public organizations and enterprises have repeated to invest in development or operation of their information systems. However, these investment projects have been not taken care of in the field of administration and evaluation. Since these information systems projects have unique characteristics such as technology sensitiveness, network effectiveness, embeddedness, and externality, it is not easy to manage and monitor them. Returns of investment for information systems should nonetheless need efficient monitoring and effective analysis for them. In this research, we propose a multi-dimensional management model on the basis of process in order to evaluate information systems.

• Proceedings of the Korean Society of Computer Information Conference
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• 2014.07a
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• pp.99-100
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• 2014

Even though many projects of new development and redevelopment for information systems are invested, they are not taken care of from the perspective of administration and evaluation. Also, decision makers fall short of not only support the process to check alternatives and select an alternative for investment and but also provide necessary information so as to maximize the effects of investments. That is to say, the suggestion of general direction toward IT investment is debatable. Against this backdrop, we propose a value measurement model to manage information systems.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2002.11a
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• pp.103-109
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• 2002

This research is aiming to specify the requirement of the investment such as initial cost, running cost earning rate to make effective investment considering the purpose of remodeling and economical value of store building enough to meet the initial purpose of remodeling. The review of earning rate for economical evaluation was performed by the on-site auditing on the structure and function of the building and applying the assessment simulation program, which is to find the possible business model to identify the requirement of building owner through case study. After the research, the following results are obtained. First, it is important that many aspects should be carefully analysis and the best method should be selected as characteristics of remodeling can be defer each other in their implementations. Second, though the remodeling of exist buildings to promote the functions has been applied. no suitable assessment tool has bee developed for deciding the level of remodeling in the view of economical efficiency so far. Third, the economical benefit was evaluated by analysing annual earning rate which is applied by investment items and recovery period for the investment. More specific data bate should be established to apply the suggested economic accession in business enough to forecast the future circumstances. More researches should be promoted on this area continuously as well as the integrated economic evaluation of remodeling on existing building.

• Journal of Information Technology Services
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• v.10 no.2
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• pp.189-202
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• 2011

It is important issue how to evaluate the economic feasibility of computing factors in the real world when we build ubiquitous spaces. In this paper, we propose a simple model that can evaluate the economic feasibility of mobile RFID-based ubiquitous computing system which enables seamless communication between offline and online via embedded computing factors in the real world. To achieve this, we explore the meaning of mobile RFID system, the difference between our research and extant researches concerning the evaluation of economic feasibility in RFID system, and propose the so-called 'Tag-based Evaluation Model' (TEM) which is an evaluation model to access the economic feasibility of mobile RFID systems. We also analyze the TEM via simulation cases based on proposed model and discuss the future of TEM.

• Journal of the Korea Institute of Military Science and Technology
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• v.12 no.3
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• pp.299-308
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• 2009

In this paper, we have developed an evaluation model of technology green index(TGI) which includes 3 evaluation factors and 13 indicators. Furthermore, as presenting the degree of relative importance among evaluation factors and indicators for all R&D evaluation stages and all green technology areas, and applying the proposed model to 5 defense projects, we have found applicability of the model to evaluation of defense R&D projects. The results of evaluation using this model can be used to monitor the performance of project life cycle and develop R&D investment strategy of green technology using portfolio analysis.

• The KIPS Transactions:PartD
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• v.15D no.3
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• pp.387-398
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• 2008

Recently, an evaluation for information system performance analysis an investment effect quantitatively and qualitatively. So various performance evaluation methods are applied to overcome a limitation which is based on traditional investment returns. However a performance evaluation in public service only derives that a result which is qualitatively evaluated about evaluation domain is yes or no, the performance evaluation does not improve in quality of information system. So in this paper we improve existing performance evaluation methods in public service and add a quality evaluation and quantitative evaluation in the methods. Therefore we propose an integrated evaluation model which guarantees objectivity and reliability of evaluation result and which improves an information system. We consider a project object of an Administration Information DB Construction Project which is promoted in information-oriented project and derive an evaluation result which is applied reflection ratio and weight in each evaluation domain to show a validity of the proposed model.