• Title/Summary/Keyword: Investment evaluation system

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Government R&D Support for SMEs: Policy Effects and Improvement Measures

  • LEE, SUNGHO;JO, JINGYEONG
    • KDI Journal of Economic Policy
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    • v.40 no.4
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    • pp.47-63
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    • 2018
  • Government R&D grants for SMEs have risen to three trillion Korean won a year, placing Korea second among OECD nations. Indeed, analysis results have revealed that government support has not only expanded corporate R&D investment and the registration of intellectual property rights but has also increased investment in tangible and human assets and marketing. However, value added, sales and operating profit have lacked improvement owing to an ineffective recipient selection system that relies solely on qualitative assessments by technology experts. Nevertheless, if a predictive model is properly applied to the system, the causal effect on value added could increase by more than two fold. Accordingly, it is important to focus on economic performance rather than technical achievements to develop such a model.

Effect of Social Service Quality on Service Satisfaction and Service Repurchase - Focusing on Social Service Investment Project-

  • Jang, Chun-Ok
    • International Journal of Advanced Culture Technology
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    • v.9 no.4
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    • pp.213-218
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    • 2021
  • In order to improve the quality of social services, developed countries overseas have introduced authorization or permit system to primary filtering when entering the market that provides social services. However, in Korea, a quality evaluation system for social service quality management has been introduced and implemented, but no significant effect has been achieved so far. Therefore, the purpose of this study is to investigate the relationship between service quality, service satisfaction, and repurchase intention, which are important variables to measure social service quality improvement, and to use it for service quality management. As a result of this study, service quality, service satisfaction, and repurchase intention are important factors for service quality improvement. It is necessary to secure a service provider of and continuous user selection and service quality management are also important.

A Study on Estimation of R&D Research Funds by Linear Regression and Decision Tree Analysis (회귀분석 및 의사결정나무 분석을 통한 R&D 연구비 추정에 관한 연구)

  • Kim, Dong-Guen;Cheon, Youngdon;Kim, Sungkyu;Lee, Yoon Been;Hwang, Ji Ho;Kim, Yong Soo
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.4
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    • pp.73-82
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    • 2012
  • Currently, R&D investment of government is increased dramatically. However, the budget of the government is different depending on the size of ministry and priorities, and then it is difficult to obtain consensus on the budget. They did not establish decision support systems to evaluate and execute R&D budget. In this paper, we analyze factors affecting research funds by linear regression and decision tree analysis in order to increase investment efficiency in national research project. Moreover, we suggested strategies that budget is estimated reasonably.

Advanced performance evaluation system for existing concrete bridges

  • Miyamoto, Ayaho;Emoto, Hisao;Asano, Hiroyoshi
    • Computers and Concrete
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    • v.14 no.6
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    • pp.727-743
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    • 2014
  • The management of existing concrete bridges has become a major social concern in many developed countries due to the large number of bridges exhibiting signs of significant deterioration. This problem has increased the demand for effective maintenance and renewal planning. In order to implement an appropriate management procedure for a structure, a wide array of corrective strategies must be evaluated with respect to not only the condition state of each defect but also safety, economy and sustainability. This paper describes a new performance evaluation system for existing concrete bridges. The system evaluates performance based on load carrying capability and durability from the results of a visual inspection and specification data, and describes the necessity of maintenance. It categorizes all girders and slabs as either unsafe, severe deterioration, moderate deterioration, mild deterioration, or safe. The technique employs an expert system with an appropriate knowledge base in the evaluation. A characteristic feature of the system is the use of neural networks to evaluate the performance and facilitate refinement of the knowledge base. The neural network proposed in the present study has the capability to prevent an inference process and knowledge base from becoming a black box. It is very important that the system is capable of detailing how the performance is calculated since the road network represents a huge investment. The effectiveness of the neural network and machine learning method is verified by comparing diagnostic results by bridge experts.

An Establishment of Greenhouse Gas Information System using Excel Spreadsheets (엑셀 스프레드시트를 활용한 온실가스 정보시스템 구축)

  • Lee, Hae-Jung;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.40 no.4
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    • pp.129-136
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    • 2017
  • Climate change is the biggest environmental issue of our times. A variety of activities to reduce greenhouse gas emissions have been in progress to observe the Kyoto Protocol. Especially, the Energy Target Scheme is created to reduce greenhouse emission with the supervision of Korean government. This includes Green-house Gas Information Systems to promote activities in the private sector to reduce green-house gas emissions, to cut a cost of energy use, and to reduce GHG emissions. Also, the system has calculated the amount of greenhouse gases. Without any additional investment, 2.75% savings are increased over the previous year. In service sector, a cooperation of customers and employees is necessary. A reduction of GHG emissions requires a proper service organization, considering an amount of investment and payback period. Without any additional investment or replacement, employees can save energy easily turning off ventilation systems an hour before employees' departure, installing timers to turn off water purifiers and vending machines after some period of no use. The Green-house Gas Information System is similar to that of Environmental Management System. However, the Excel is the best program to calculate an amount of green-house gas emissions, and to assess for a reduced amount of GHG emissions. A goal of this research is to propose a practical method in the private sector to calculate an amount of green-house gases. The Green-house gas Information System based on Excel spreadsheet gives standards for good evaluation. The greenhouse gas information system establishes and executes the policies and objectives related to greenhouse gas emissions Similar to ISO 14001 environment management system structures, the advantages of using simplified Excel Sheet for calculating GHG emissions and reducing GHG emissions are easy to access.

Economic Evaluation on Energy System Using Treated Sewage Water (하수처리수 이용 열원시스템의 경제성 평가)

  • Lee, Chulgoo
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.13 no.3
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    • pp.16-22
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    • 2017
  • It has become important for unutilized energy to be used for air conditioning of building. Economic evaluation on energy system by using treated sewage water as heat source, which is one of unutilized energy, was performed. The floor area of the subject building and the distance between heat source equipment and sewage treatment plant was assumed $30,000m^2$ and 200m. Absorption chiller-heater system was used for comparing to the energy efficient system, and payback period method was applied to carry out economic evaluation. Although the operating cost of this system is reduced compared to general heat source system, the ratio is not meaningful compared to the initial investment cost increase, and payback period was calculated to be about 36.1 years. However, when calculated based on the 2014 rate of electricity and city gas, it will be greatly reduced to 3.1 years. International commodity prices are constantly changing, and therefore national policy on the spread of unutilized energy should be maintained.

Assessing the adoption potential of a smart greenhouse farming system for tomatoes and strawberries using the TOA-MD model

  • Lee, Won Seok;Kim, Hyun Seok
    • Korean Journal of Agricultural Science
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    • v.47 no.4
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    • pp.743-752
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    • 2020
  • The purpose of this study was to estimate the economic evaluation of a smart farm investment for tomatoes and strawberries. In addition, the potential adoption rate of the smart farm was derived for different scenarios. This study analyzed the economic evaluation with the net present value (NPV) method and estimated the adoption potential of the smart farm with the trade-off analysis, minimum data (TOA-MD) model. The results were as follows: The analysis of the net present value shows that the smart farm investment for the two crops are economically feasible, and the minimum prices for the tomatoes and strawberries should be 1,179 and 3,797 won/kg to secure a sufficient economic feasibility for the smart farm investment. Next, the analysis of the potential adoption rates for smart farms through the TOA-MD model showed that when the support ratio for the adoption of a smart farm system was 50% and the price increase rates were, respectively, - 5, 2.5, 0, 2.5, and 5%, the conversion rates for tomato farms to switch to smart farms were 0.97, 1.78, 3.05, 4.91, and 7.47%, while the ratios of the strawberry farms to switch to smart farms were 0.12, 0.29, 0.65, 1.33, and 2.53%, respectively. This study has some known limitations, but it provides useful information on decision making about smart farm adoption and can contribute to government policies on smart farms.

Comprehensive Evaluation of Impacts of Connecting Distributed Generation to the Distribution Network

  • Jin, Wei;Shi, Xuemei;Ge, Fei;Zhang, Wei;Wu, Hongbin;Zhong, Chengyuan
    • Journal of Electrical Engineering and Technology
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    • v.12 no.2
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    • pp.621-631
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    • 2017
  • In this paper, we study the various impacts of connecting distributed generation (DG) to the distribution network. The comprehensive evaluation index system (CEIS) of four hierarchies is established, considering economy, reliability and voltage quality, and the calculation methods of different indexes are presented. This paper puts forward an improved triangular fuzzy number analytic hierarchy process (ITFNAHP) to weight the second level indexes (SLI) and the third level indexes (TLI), and calculates the variation coefficient to weight the fourth level indexes (FLI). We calculate the comprehensive weight coefficients based on the weight coefficients of the SLI, TLI and FLI, and then calculate the comprehensive evaluation of satisfaction (CES) of different access schemes. On the basis of the IEEE 33-bus example system, simulations of the calculation methods and the comprehensive evaluation method are carried out under different DG access schemes according to the same total investment cost and the same permeability, respectively, and the simulation results are analyzed and discussed.

A Study on the Reliability Evaluation of KEPCO Long-term Transmission System (한전의 장기 송전계통 공급신뢰도 평가에 관한 연구)

  • Chu, Jin-Boo;Moon, Ki-Seung;Sin, Sang-Gyoun;Lee, Ki-Seon
    • Proceedings of the KIEE Conference
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    • 1993.07a
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    • pp.67-69
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    • 1993
  • The purpose of the facility investment planning for bulk power system is to appropriately configure the power system network to supply the load, which has the supply capability satisfying the probabilistically changing load on the desired reliability level. In order to achieve this purpose, this paper represents the reliability evaluation of the KEPCO's real system with using the MEXICO model, and builds the data base of the power system operation in order to effectively handle the computer model.

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Development of Process Model and Software for Evaluation of Privately-funded Infrastructure Projects (민간투자사업의 사업평가관리 절차개선모델 및 프로그램 개발)

  • Jeng, Pyung-Ki;Baek, Hyeon-Gi;Seo, Jong-Won
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.3
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    • pp.140-149
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    • 2011
  • The government introduced private infrastructure projects in order to reduce its financial burden by introducing private sectors efficiency and creativity and by utilizing their funds. Through revision, the act on the private investment of the infrastructure, many changes were made in the private investment system. The evaluation task to assess the project proposer's capability and to select a promoter is regarded as the most important process for fairness and transparency of the project. In this study, the improvement of project plan evaluation task of current private infrastructure projects is proposed based on the standard guideline for evaluation procedure of private infrastructure projects provided by Korea Development Institute. In addition, software program for evaluation procedure is made to improve the efficiency and enableconvenient evaluation task.