• The Journal of the Korea institute of electronic communication sciences
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• v.13 no.3
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• pp.633-642
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• 2018

Solar power plants are rapidly spreading, and various design, development, construction and maintenance related technologies and corporations coexist. In addition to private real estate development, they are also profitable in various forms such as building facilities, land, And continues to operate. In this paper, however, we have reviewed and studied the economic feasibility of photovoltaic power generation system based on the investment of off - the - shelter and mall investment, which is a generalized form of real estate asset management.

• Journal of Korea Society of Industrial Information Systems
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• v.11 no.2
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• pp.86-97
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• 2006

From the mid 1990's, the scale of IS had been growing, which resulted in increasing number of failure projects. As a result, the measurement of IS performance was a growing concern. Moreover, the need for research on the relation between IT investment and performance that isfd the concern of CEOs has been raised. In this study, the correlation between the IS functionality and investment was discovered based on the IS success model suggested by DeLone & McLean(1992), a business information system evaluation model by Lee Kuk Hie(1992), a balanced score card by Kaplan & Norton(1992). As a result of the LISREL analysis, the investment in the IS has a positive impact on the quality of both information systems and information. In turn, the quality of both information systems and information have a positive impact on the end-user satisfaction, the end-user satisfaction on the financial performance, customer satisfaction, and internal business processes. This study showed that sufficient investment in IS improved business performance

• Journal of Korean Society of Industrial and Systems Engineering
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• v.17 no.29
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• pp.30-36
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• 1994

This paper has provided a systematic technique, the evaluation of the distribution with the NPV ana the derivation of the IRR in the investment alternatives, for the cost estimating analysts. The proposals of investment alternatives are included the venture capital under risk and probabilities at each events, within the cash inflows are occuring at random timing. Therefore. we have considered the followings : 1) the first cash outflow is deterministic. 2) the cash inflows are random variables with known distributions. 3) the lengths of the time intervals between the cash inflows are independently distributed and independent of the cash inflows. In this paper. the first two moments of the distribution, the Laplace Transforms and the convolutions are computed for both independent cash inflows and mutually exclusive alternatives as in the case of quite correlated cash inflows.

• Journal of the Korea Safety Management & Science
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• v.7 no.4
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• pp.165-177
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• 2005

Supply Chain Management(SCM) system is a critical investment that can affect future competitiveness and performance of a company. Selection of a right SCM system is one of the critical issues. This paper provides the characteristic factors of SCM system selection and the SCM system evaluation and selection model based on Analytic Hierarchy Process(AHP). The proposed model can systematically construct the objectives of SCM system selection to support the business goals. A empirical example demonstrates the feasibility of the proposed model and the model can help a company to make better decision-making in selecting SCM system.

• Ecology and Resilient Infrastructure
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• v.3 no.3
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• pp.156-161
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• 2016

An R&D project, 'Carbon Neutral Road Technologies Development', sponsored by the Korean Ministry of Land, Infrastructure, and Transport was performed and sustainable development is being discussed in relation to global climate change. A draft of the green highway certification system, the green highway design and construction technologies for making low carbon eco-friendly roads, and Green Highway Technology Investment Evaluation System (GTIES) for estimating and managing carbon emissions from roads have been developed from the results of the R&D project. A scheme for expanding the application of these technologies and building sustainable road systems by considering the concept of sustainability was proposed in this research.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.12 no.1
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• pp.474-485
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• 2011

In this Study, the results of survey of evaluation cases on 10 GIS software were used as quality level index of GIS software in order to evaluate the quality of GIS (Geographic Information System) software. On the basis of such evaluation, analysis on the cost of improving the defectiveness accumulated of GIS software test cases was made. I am attempting to deduce the results that can be used assertively in promoting the justification for quality investment of enterprises or industrial units by quantitatively computing the cost essential in securing the quality by measuring the investment and effects on the quality through this.

• The Proceedings of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.10 no.5
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• pp.75-82
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• 1996

The Battery Energy Storage System(BESS) can help the load factor improved by discharging the battery energy when the load is peak in the daytime. BESS has the advantages such as spinning reserve, control of voltage and frequency, deferment of investment for generation and transmission capacity construction, and reliability improvement of utility power service. To develop BESS and to apply it to Korea's power system, economic evaluation must be preceded. In this paper, we analyzed the investment costs, by modifying and complementing the Sysplan Model, through the economic assessment.

• Korean Journal of Computational Design and Engineering
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• v.15 no.4
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• pp.261-270
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• 2010

These days, architectural projects are becoming larger and more complex. And lots of information occurs through each phases and areas. For these reason, it is emphasized that collaboration with other parts. Therefore we need more effective architectural design process. However, it is difficult to collaborate in early stage with existing design process and it causes unnecessary spending of time and cost because of 2D-based working system. For solving these problem, we should introduce BIM-based Integrated Design Process which makes it possible to collaborate with other parts from early stage. Now the AEC industry in Korea has been trying to introduce BIM, and promoting variety of related business. However, for actual application of this system, it is unfortunately necessary to change various system throughout the construction industry. And this will cause lots of effort and expense. It is essential that scientific analysis and evaluation of efficiency and validity about this investment, because estimation of the investment and accompanying effects will provide reasonable standard of judgment for investment decision. Thus, this research conducted Cost-Benefit Analysis about BIM-based Integrated Design Process compared to existing design process. It is expected that this paper can be used for preliminary data in the future BIM market.

• Journal of the Korean Operations Research and Management Science Society
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• v.12 no.1
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• pp.157-157
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• 1987

Hydro-electric power generation from multi-purpose dams has been playing important roles in the electric power supply network in Korea. Although the total share of hydro power in national electricity supply now becomes very small, the peak-shaving and frequency control capability of hydro power helps the power company enormously in maintaining the quality of power. But since the company that builds and operates the multi-purpose dams in Korea has to sell all the electricity produced to the monopolistic utility, there have been various problems in justifying the investment, designing pricing mechanism, and controlling operations of the power plants. In addition, economic evaluation of the hydro power has been distorted by a variety of reasons and hence it has been very difficult to encourage effective development and utilization of national water resources. To make the problem worse, both parties are public companies with X-inefficiency problems. Thus, changing environment requires to reengineer the system that governs hydro power generation. We address the problems of Korean hydro-electric power generation system in four areas: the investment justification process, the operations decison right of the hydro power plants, the pricing of the purchased-power, and the negotiation of contract revision. Then we propose improvement directions of new hydro-electric power system in view of static and dynamic efficiency, X-inefficiency and equity.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.22 no.51
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• pp.151-161
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• 1999

For many decades, Deterministic DCF approach has been widely used to evaluate investment opportunities. Under new manufacturing conditions involving uncertainty and risk, the DCF approach is not appropriate. In DCF, Risk is incorporated in two ways: certainty equivalent method, risk adjusted discount rate. This paper proposes a determination method of the Risk Adjusted Discount Rate for economically decision making advanced manufacturing technologies. Conventional DCF techniques typically use discount rate which do not consider the difference in risk of differential investment options and periods. Due to their relative efficiency, advanced manufacturing technologies have different degree of risk. The risk differential of investments is included using $\beta$ coefficient of capital asset pricing model. The comparison between existing and proposed method investigated. The DCF model using proposed risk adjusted discount rate enable more reasonable evaluation of advanced manufacturing technologies.