• Title/Summary/Keyword: Investment Priority

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A Framework for Deriving Investment Priority in National Defense R&D - Using DEA based on TRA - (국방연구개발 투자우선순위 도출 프레임워크 - TRA 방법론에 기반한 DEA 중심으로 -)

  • Yu, Donghyun;Lim, Dongil;Seol, Hyeonju
    • Journal of the Korea Institute of Military Science and Technology
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    • v.21 no.2
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    • pp.217-224
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    • 2018
  • The purpose of this study is to evaluate the future potential value of CTE(Critical Technology Element)s that are evaluated to be low in TRA(Technology Readiness Assesment) and to present investment prioritization technologies in defense R&D(Research and Development) based on them. To do this, we used the DEA(Data Envelopment Analysis) method, which is useful in evaluating the efficiency of the organization. Specifically, we suggest a systematic framework to evaluate the future value of CTEs by setting the CTEs derived from the TRA process to DMU(Decision Making Unit)s, the cost and time required to develop each CTE as the input factor of the DEA and the effects of the development of each CTE as the output factor of the DEA respectively. We also conducted an illustrative case study on radar technologies to demonstrate the usefulness of the proposed approach.

Development of MCDM for the Selection of Preferable Alternative and Determination of Investment Priority in Water Resource Projects (수자원사업 대안선정 및 투자우선순위결정을 위한 다기준의사결정모형 개발)

  • Yeo, Kyudong;Kim, Gilho;Lee, Sangwon;Choi, Seungan
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.31 no.6B
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    • pp.551-563
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    • 2011
  • Water resource projects need an enormous national budget. Therefore, a reasonable and reliable decision making is required for the planning of water resource projects, but decision making has been mostly performed by economic analysis. The objective of this study is to develop a Multi-criteria Decision Making(MCDM) model which can assess the project in various aspects for the selection of preferable alternative and determination of investment priority in water resource projects. In this study, the criteria involves economic feasibility, policies, vulnerability, and sub-items which have weights obtained from the expert survey for the consistent evaluation. We also derived the utility function considering risk trend of each item based on the expert survey. Then, the total score was estimated by weights of each item and utility score of each attribute. The results show that vulnerability is a major contributor for the criteria. This study will contribute to the selection of proper water resource projects considering efficiency of project and fairness for vulnerable area.

The Analysis of Importance Ratio Factors of Sales Price for Apartment Building Construction Projects (공동주택의 분양가 결정을 위한 영향요인 도출 및 중요도 분석)

  • Yang, Ok-Hee;Kim, Min-Seok;Hwang, Uk-Sun;Kim, Yong-Su
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.5
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    • pp.127-136
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    • 2011
  • The purpose of this study is analyzed the importance ratio factors of sales price for apartment building construction projects. For this Study, Nine apartment buildings that sold in Seoul, Gyenggi, Chuncheong is selected. The study suggested eight influence factors through interview with experts, research related references, and analysis of cases. Based on those factors, Importance analysis is performed by using AHP method. The result of this study are as follows: 1) Influence factors of sales price are drawn as cost, site, housing, transportation, region, ground, policy, investment factor. 2) In the case of Seoul, The priority order of price influence factors consist of investment factor(16.0%), policy factor(14.6%), and cost factor(13.9%). In the case of Gyenggi, The priority order of sales price influence factors consist of region factor(15.9%), transportation factor(13.8%), and investment factor(13.4%). In the case of Chungcheong, The priority order of sales price influence factors consist of region factor(17.1%), transportation factor(16.4%), and housing factor(14.9%).

Priority for the Investment of Artificial Rainfall Fusion Technology (인공강우 융합기술 개발을 위한 R&D 투자 우선순위 도출)

  • Lim, Jong Yeon;Kim, KwangHoon;Won, DongKyu;Yeo, Woon-Dong
    • The Journal of the Korea Contents Association
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    • v.19 no.3
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    • pp.261-274
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    • 2019
  • This paper aims to develop an appropriate methodology for establishing an investment strategy for 'demonstration of artificial rainfall technology using UAV' and that include establishment of a technology classification, set of indicators for technology evaluation, suggestion of final key technology as a whole study area. It is designed to complement the latest research trend analysis results and expert committee opinions using quantitative analysis. The key indicators for technology evaluation consisted of three major items (activity, technology, marketability) and 10 detailed indicators. The AHP questionnaire was conducted to analyze the importance of indicators. As a result, it was analyzed that the attribute of the technology itself is most important, and the order of closeness to the implementation of the core function (centrality), feasibility (feasibility). Among the 16 technology groups, top investment priority groups were analyzed as ground seeding, artificial rainfall verification, spreading and diffusion of seeding material, artificial rainfall numerical modeling, and UAV sensor technology.

A Pricing Scheme in Networked Computing System with Priority

  • Kim, Hyoun-Jong;Juhn, Jae-Ho
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2000.10a
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    • pp.302-305
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    • 2000
  • The operation of a networked computing system (NCS), such as Internet, can be viewed as a resource allocation problem, and can be analyzed using the techniques of mathematical modeling. We define a general NCS and translate that setup into a model of an economy. The preferences of users are taken as primitives, and servers in the network are viewed as productive firms with priority input queues. Each sewer charges a rental price for its services by priority class. We characterize optimal system allocation, and derive formulae for supporting rental prices and priority premia such that the aggregated individual user demands do not exceed optimal levels and waiting-time expectations are correct. Our economic approach has the added benefit of providing a sound basis for evaluating NCS investment alternatives, using a process analogous to free entry and exit in free-enterprise economies.

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A Study of Economic Value Estimation of Korea Railroad Industry (철도산업의 국민경제적 파급효과 분석)

  • Lee Sun-Cheol;Yu Jae-Gyun;Han Won-Yong
    • Proceedings of the KSR Conference
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    • 2004.06a
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    • pp.405-412
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    • 2004
  • This study measures the investment effects of railroad industries on Korean economics, using the table of industry relation analysis. Until now, few studies have analyzed the economic effects of railroad in Korea so that this study can have a big implication for transportation policies in making decisions on its investment level as top priority. This study finds that railroad investment effects are larger than those of road on the national economics and, thus, impling that the expansion of railroad investment is required to grow continuously national economics as well as a major modal of transportation networks.

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A MW-Mvar Investment Technique Focused on System Loss Minimization

  • Eom, Jae-Sun;Lee, Sang-Joong;Kim, Kern-Jong
    • Journal of KIEE
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    • v.11 no.1
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    • pp.51-54
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    • 2001
  • In this paper, a MW-Mvar investment technique focused on minimizing the system loss is presented. An optimization technique, in which the system loss is defined as the objective function and the power flow equations as the constraints, is introduced to obtain the Lagrangian multipliers λP and λQ. The Lagrangian multipliers imply the variation of the system loss with respect to incremental bus power and are used as MW-Mvar investment indices for minimizing the system loss. ΔP MW and ΔQ Mvar are invested, step by step, by the priority of λP and λQ index given for each bus. Derivation of the index uses the information from normal power flow calculation.

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A Study on Evaluation of the Priority Order about Framework Data Building (기본지리정보 구축 우선순위 평가에 관한 연구)

  • 김건수;최윤수;조성길;이상미
    • Proceedings of the Korean Society of Surveying, Geodesy, Photogrammetry, and Cartography Conference
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    • 2004.11a
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    • pp.361-366
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    • 2004
  • Geographic Information has been used widely for landuse and management, city plan, and environment and disaster management, etc., But geographic information has been built for individual cases using various methods. Therefore, the discordancy in data, double investment, confusion of use and difficulty of decision supporting system have been occurred. In order to solve these problems, national government is need to framework database. This framework database was enacted for building and use of National Geographic Information System and focused on basic plan of the second national geographic information system. Also, the framework database was selected of eight fields by NGIS laws and 19 detailed items through meeting of framework committee since 2002. In this research, The 19 detailed items( road, railroad, coastline, surveying control point etc.,) of framework database consider a Priority order, In the result of this research, the framework database is obtain to a priority order for building and the national government will carry effectively out a budget for the framework database building. Each of 19 detailed items is grouping into using the priority order of the framework database by AHP analysis method and verified items by decision tree analysis method. The one of the highest priority order items is a road, which is important for building, continuous renovation, and maintain management for use.

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High-speed Rail Infrastructure Priority Decision Making on Level of Design Speed by Rail Network Design Problem (철도망 설계모형을 이용한 설계속도 수준별 고속철도망 투자우선순위 선정)

  • Park, Jin-Kyung;Lim, Yong-Taek;Lee, Jun;Eom, Jin-Ki;Moon, Dae-Seop
    • Journal of the Korean Society for Railway
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    • v.12 no.3
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    • pp.427-436
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    • 2009
  • This paper introduced Railway Network Design Problem (RNDP) to provide priority decisions on high-speed railway investment scenarios defined by various network segments and train systems. The RNDP optimizes the objective functions of minimize total travel time. Results show that the priority of high-speed railway investment is found to be East-west, West-coast, and South-coast line respectively. An entirely new line built with 400km/h is found to be the best alternative to East-west line. Regarding West-coast and South-coast line, the combined alternative of upgrading Geolla and Kyeonjon line with 200km/h and building a new line with 400km/h and 350km/h for remains of each line is the best.

Finding Subjects for Automated Container Terminal Development by Systems Approach (시스템적 접근에 의한 자동화컨테이너터미널 개발 과제 도출)

  • 박창호;노홍승;정희균
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 1998.10a
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    • pp.51-58
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    • 1998
  • This study is to define the Automated Container Terminal(ACT) and container terminal system. Also, we analyze the present condition of the container terminal system in Pusan port and its automation level by systems approach. And this paper aims at evaluating on the priority of R&D investment until the beginning of the second stage of New Pusan Port Project(2006). In this process we have considered 8 factors (cost, labor, area, time volume, reliability, safety, convenience) to analyze 6 subsystems. The priority order of R&D until target year by sub-systems is as follow : Cargo Handling System〉Transfer System〉Port Entry System〉Storage System(Distribution&Manufacturing System included)〉Inland Transport System〉Port Information System.

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