• Journal of Korean Society of Industrial and Systems Engineering
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• v.14 no.24
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• pp.207-219
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• 1991

We studied performance evaluation methods for each cause by using a benchmark and also researched performance measurement models which based on CAPM. In this study, we analyzed the beneficiary certificate of stock type of three large domestic investment trust company. The purpose of this paper is improving the efficiency of investment maintenance and the operating the ability of fund operator by analyzing the contribution of the rate of return on investment and the cause of operating performance. We applied this study to the increasing aspect of stock price(Jan. 1988-April. 1999) as well as the decreasing aspect of stock price(April, 1989-July. 1990).

• Journal of Korea Port Economic Association
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• v.37 no.2
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• pp.1-17
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• 2021

Private investment projects have the characteristic of generating profits for a long period of 30 to 40 years, and fluctuations in profits and costs occur over time, so the interaction of variables over time rather than statistical models or discounted cash flows If the system dynamics technique, which enables simulation of the system, is used, it is considered that meaningful simulation results can be derived for internal and external variables. In other words, by establishing a financial feasibility comparison/verification model based on system dynamics for private investment projects in the port sector that have not been attempted before, we compare the differences with the existing cash flow discount method, macroeconomic factors, operating period, social discount rate We will conduct a differentiated study that has not been tried before by simulating how the interrelationships of such variables affect the change in financial performance.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.05a
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• pp.213-214
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• 2015

The first successful case of a CM application in Shanghai, China in 1993 presented its possibility. According to the State Council's 'Investment system reformation', in 2004, more than 40 sub-provincial divisions in China were increased the productivity of construction by the CM application. It is predicted that CM will be utilized as a technical management method at government's plan, which raises the urbanization level more than 60% through the construction industry by 2020. However, compared with increasing CM demands, there are no complete evaluation criteria of CM in china. For instance, 26 areas in china arrange criteria individually, so. Therefore, it is necessary to establish integrated evaluation criteria on the basis of regional ones. This research will draw the evaluation criteria of selecting for the China CM Corporation in order to vitalize CM system.

• Proceedings of the Korean System Dynamics Society
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• 2004.02a
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• pp.109-128
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• 2004

A system dynamics model is developed in order to evaluate the contribution level of the activities regarding HANARO, which is the research reactor in Korea. The system dynamics model has room to be improved, but it is logically sound enough to evaluate the general level of contributions and to develop strategies for the HANARO to be more contributable. Considering the uncertainty involved with the input variables, the contribution level is ranged from 3 times to about 30 times of the investment made on it. The evaluation results can be summarized as follows : (Table Omitted).

• STI Policy Review
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• v.1 no.1
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• pp.1-21
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• 2010

To achieve the "low carbon green growth" vision, the first step is securing core technologies. Therefore, S&T policy direction for green technology development is urgently needed. As of 2008, investment in green technology (GT) development hovered around 10% of the government's total R&D budget. Thus, the Korean government developed a plan to increase that percentage to 15%, by 2013. To develop reasonable investment strategies for green technology development, targeted strategies that reflect technology and market changes by green technology area are needed. However, the overall planning and coordination of national GT development is currently split among, approximately, 10 government ministries. To establish an efficient green technology development system, the so-called "Green Technology R&D Council" should be launched in collaboration with the Presidential Committee on Green Growth and the National Science and Technology Council. Furthermore, to build a solid foundation for commercializing the outcomes of GT development projects and promote GT transfer, the government should undertake two initiatives. First, the government should reinforce GT R&D performance management, by establishing a GT R&D performance management and evaluation system. Second, the government should implement the "customized packaged support for promoting green technology business rights and commercialization" and present "e-marketplace for market-oriented green technologies". Creating a pan-ministerial policy for GT development policy would necessitate restructuring the HR(Human Resources) development system, which is currently separated by technology area. Based upon mid/long-term HR supply and demand forecasts, the government should design differentiated HR development projects, continuously evaluate those projects, and reflect the evaluation results in future policy development. Finally, to create new GT-related industries, the "Green TCS (Testing, Certification, and Standards) System" needs to be implemented. For objective evaluation and diffusion of R&D results by green technology area, a common standardization plan for testing, analysis, and measurement, like the "Green TCS", should be developed and integrated.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.18 no.35
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• pp.123-130
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• 1995

The analytic hierarchy process(AHP) is a multi-criteria decision methodology developed by T.L.Saaty(1980). The AHP presents flexible, easily understood wry to assist the decision-marker in formulating his problem in a logical and rational manner. This paper addresses the concept of AHP and its application in the evaluation of nuclear and coal-fired power generations.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.40 no.2
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• pp.104-110
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• 2017

When evaluating effectiveness of a R&D program, there is a tendency to simply compare the performances of the beneficiaries before and after the program or to compare the differences in the performances of the beneficiaries and the non-beneficiaries before-after the program. However, these ways of evaluating effectiveness of a program have some problems because they can not differentiate between complement effect, which facilitates corporate R&D investment, and substitute effect, which, literally, substitutes corporate R&D investment. Therefore, these problems could bring about wrong policies concerning R&D programs. In this paper, a new approach using path analysis is suggested as a means to overcome these problems and it is utilized, as an application, to evaluate the effectiveness of Plant Engineering Program conducted by Ministry of Trade, Industry & Energy, Korea. First, the direct impact of government R&D investment on corporate R&D investment is analyzed, through which it is identified which of crowding-in effect (complement effect) and crowding-out effect (substitute effect) is dominant. Next, the direct effect of government R&D investment on corporate performance and the direct effect of corporate R&D investment on corporate performance is analyzed respectively. Finally, by combining the two previous analysis, the total effect of government R&D investment on corporate performance is identified. As a result, it turns out that, in Plant Engineering Program, crowding-in effect is more dominant than crowding-out effect and that Plant Engineering Program has definitely positive effect on the beneficiary in terms of corporate performance indirectly and directly.

• Knowledge Management Research
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• v.20 no.3
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• pp.91-106
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• 2019

In the era of the 4th Industrial Revolution, the importance of information protection is increasing day by day with the advent of the 'hyper-connection society', and related government financial investment is also increasing. The source of the government's fiscal investment projects is taxpayers' money. Therefore, the government needs to evaluate the effectiveness and feasibility of the project by comparing the public benefits created by the financial investment projects with the costs required for it. At present, preliminary feasibility study system which evaluates the feasibility of government financial investment projects in Korea has been implemented since 1994, but most of them have been actively carried out only in some fields such as large SOC projects. In this study, we discuss the feasibility evaluation of public projects for the purpose of information security. we introduce the case study of the personal information protection program of Korean public institutions and propose a cost-effectiveness analysis method that can be applied to the feasibility study of the information protection field. Finally, we presented the feasibility study and criteria applicable in the field of information security.

• Proceedings of the KSR Conference
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• 2004.10a
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• pp.1559-1565
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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(tain 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 Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.11
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• pp.1993-1999
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• 2011

Today, the power utilities is setting on the slow load growth and the aging of power equipment, and then could spend the efforts on the stability of system performance. Asset management may be defined as the process of maximizing corporate profit by maximizing performance and minimizing cost over the entire life cycle of power equipment. Therefore, asset management is great way to fulfill the economic investment and the stability of system performance. This paper presents the application of effective asset managem ent from an economic perspective. A proposed method is considering the life cycle analysis using life cycle cost methodology for hydro-generator during the total life cycle. The life cycle cost methodology include a way to calculating maintenance and operating costs. The proposed method will be expected to play an important role in investment decision making considering economic evaluation.