• 지식경영연구
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• 제20권3호
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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.

• 한국산학기술학회논문지
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• 제13권12호
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• pp.6128-6134
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• 2012

부동산투자 패러다임의 변화 속에서 정교하고 투명하게 투자가치와 성과를 분석할 수 있는 기법의 도입이 절실히 필요하게 됐다. 본 연구에서는 합리적이고 타당한 투자의사결정을 하기 위하여 신뢰도 높은 투자가치분석의 핵심이 되는 재무적 타당성 분석방안을 찾고자 한다. 이를 위해 부동산 개발사업 사례와 자산관리사업 사례를 선정했다. 각 사례를 통해 손익이나 투자가치를 어떻게 분석했으며 변수에 따라 수익률과 현재가치가 어떻게 변화하는지 과정을 추적했다. 분석 결과, 기존에 발달해 온 여러 기법들을 실제 개발프로젝트에 직접 적용하기 위해서는 우선 해당 프로젝트에서 의사결정을 위해 가장 중요시되는 부분이 무엇인지 파악한 다음 여러 투자분석 기법들 가운데 가장 적절한 기법들을 복수로 선정한 뒤 각 투자분석기법의 단점을 보완할 수 있도록 대체적 및 보완적 기법들을 동원해 실제 투자가치분석에서 활용한다면 투자가치분석의 효율성과 신뢰성을 높일 것이라는 점을 발견했다.

• 산업경영시스템학회지
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• 제40권1호
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• pp.50-56
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• 2017

The IRR (internal rate of return) is often used by investors for the evaluation of engineering projects. Unfortunately, it is widely known that it has serial flaws. Also, External rate of returns (ERRs) such as ARR (Average Rate of Return) or MIRR (MIRR, Modified Internal Rate of Return) do not differentiate between the real investment and the expenditure. The PRR (Productive rate of return) is faithful to the conception of the return on investment. The PRR uses the effective investment instead of the initial investment. In this paper, we examined two cases of the engineering project. the one is a traditional engineering project with financing activity, another is the project with R&D. Although the IRR has only one value, it overestimates or underestimate profitabilities of Engineering Projects. The ARR and the MARR assume that a returned cash reinvest other projects or assets instead of the project currently executing. Thus they are only one value of a project's profitability, unlike the IRR. But the ARR does not classify into the effective investment and non-investment expenditure. It only accepts an initial expenditure as for an investment. The MIRR also fails to classify into the investment and the expenditure. It has an error of making a loss down as the investment. The IRR works as efficiently as a NPW (Net Present Worth). It clearly expresses a rate of return in respect of an investment in an engineering project with a loan. And it shows its ability in an engineering project with a R&D investment.

• 자원환경지질
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• 제41권5호
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• pp.475-484
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• 2008

본 연구에서는 국가위험도 및 국가신용등급 현황을 파악하고, 이들 지표와 광물자원개발 투자와의 관계를 분석하여 해외 광물자원개발투자를 위한 지표를 도출하고자 했다. 이를 위해 국가위험도와 광물자원부존국과의 관계를 분석하였고, OECD 국가신용등급을 적용한 자원개발 투자 위험도와의 상관성을 검토하였다. 실제 광물자원 투자사업 시 국가위험도 역할이 중요한 변수로 제공되는 국가는 자원지수는 양호하나 국가위험도가 글은 국가들이다. 따라서 해외광물자원 투자 시 자원지수와 국가위험도와의 관계에 대한 신중한 검토는 사업 투자 여부 선정을 위한 필수요건이다.

• 한국인터넷방송통신학회논문지
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• 제21권4호
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• pp.157-169
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• 2021

공공 정보통신기술(ICT)사업의 투자 평가 체계를 세우는 것은 궁극적으로 정부 재정이 투자되는 공공 ICT사업의 성공률을 높이고 사업의 활성화를 꾀함으로써 국가 경제 성장 기반 구축 및 글로벌 ICT산업 경쟁력을 제고 하는 것이다. 본 연구에서는 기존 평가 체계에 따라 수립된 공공 ICT사업 투자 평가 요인이 실제 사업 성공에 미치는 영향을 실증적으로 검증하고, 향후 투자 평가 요인에 대한 방향을 제시하고자 하였다. 선행 연구를 통해 공익성, 경제성, 기술성, 정책성 및 예산효율성 등 다섯 개의 평가 요인을 도출하였고, 이를 실제 사업에 직접 참여했던 전문가들의 설문을 통해 이러한 평가 기준이 실제 사업 성공에 미치는 영향을 검증하였다. 또한 ICT사업의 투자 평가 요인과 사업성공 사이에서 정부의 지원제도에 대한 조절 작용 여부도 확인하였다. 측정 도구의 신뢰도 및 타당도, 구조 모형 분석, 경로 분석 등을 실증분석하고, 기존 ICT 투자 평가 요인의 유의성을 검증하였다.

• 한국신재생에너지학회:학술대회논문집
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• 한국신재생에너지학회 2006년도 춘계학술대회
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• pp.360-363
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• 2006

Regester & Larkin(2005) suggest the issue and risk lifecycle analysis method in risk management, made up of the potential, emerging, current, crisis, and dormant stages. Investment on New & Renewable Energy is meaningful in effect ive risk management for diminishing or reducing the shock of a energy current, at the potential stage. In this study, we survey the risk of traditional fossil fuel projects and develop the risk analysis model for new & renewable energy projects specially geothermal energy resources and gas-hydrate resources.

• 산업경영시스템학회지
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• 제2권2호
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• pp.53-62
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• 1979

A widely accepted indicator of a project's economic potential is the internal rate of return (IRR). The primary objective of feasibility analysis for any project is to measure the economic potential for the project, normally defined as the expected return on capital investment. The analysis should be designed to determine whether a project is technically and economically sound, and under what conditions. Therefore, there are factors other than economic potential that must be taken into account in the reasonable composition of an investment program. These kinds of factors can be given proper consideration in project selection after the economic feasibility of alternative projects has been determined. The primary reason for having to choose among different projects is that capital resources are scare : the investment budget is limited. The case project, casting facilities investment project, treated in this paper were selected for their value in illustrating the methods of feasibility analysis. This case project an actual potential project and is analyzed on the basis of the best available data for the specific conditions for that project.

• 상하수도학회지
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• 제29권4호
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• pp.503-510
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• 2015

The objective of this study is to analyze the investment adequacy of the projects implemented according to the master plan on sewerage rehabilitation at Seoul. The planned and actually implemented ratio of invested money on sewage treatment plants (STPs) to sewers were compared in two temporal periods. Though the planned ratio of investment on STPs to sewers was 50:50 (in 2009-2020), the actual implemented ratio in 2009-2013 was 34:66. Until 2020, the greater investment ratio on STPs to sewers should be made considering the necessity of coping with stricter legal compliance on advanced treatment, stormwater treatment and so on. The priority of the planned and partially implemented projects among four STPs and at each STP was evaluated. Considering only the performance indicator of reduced load of BOD, T-N, T-P per the capacity of each STP facility, the performance among four STPs was shown as Jung-Rang>Tan-Cheon>Seo-Nam>Nan-Ji. The reverse order of the performance results in the past may be considered for future investment priority, but the efficiency of operation implemented at each STP, deteriorated status of each STP, investment in the past and so forth should also be considered. As for the priority of projects conducted within each STP, projects related to legal compliance (such as advanced tertiary treatment, stormwater treatment, etc.) have highest priority. Odor-related project and inhabitant-friendly facility related projects (such as building park on STPs, etc.) has lower priority than water quality related projects but interactivity with end-users of sewerage should also be important.

• 산업경영시스템학회지
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• 제28권1호
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• pp.134-139
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• 2005

There are two approaches for evaluating two or more investment projects. One is a total investment approach and the other is an incremental investment approach. We present that ranking projects by the latter is not sufficient for an investor to accept the next best alternative. We prove that ranking projects by the former is superior to that by the latter. We also prove that the ranks obtained by the criteria like ORR and B/C ratio are consistent to the ranks by DCF criteria. However the result is different when IRR is adapted.

• 한국IT서비스학회지
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• 제18권5호
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• pp.165-182
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• 2019

An equity crowdfunding system of Korea has been introduced since January 25, 2016. The crowdfunding has contributed to remove the funding gap for startups in Korea. In the three years since the introduction of the system, the amount issued has been growing annually 31 percent. In 2018, the general investors who participated in equity crowdfunding, account for 93.8% of the total market size. General investors are a large part of equity crowdfunding. Investors, however, are facing the information asymmetry problems. General investors rely heavily on the investment prospectus provided by startups to obtain the information they need to determine their investment decisions. Under these circumstances, startups have the incentive to provide information that is advantageous to them, and investors are likely to be adversely affected by the investment prospectus. In this study, we collected the novel crowdfunding prospectus dataset: a total of 459 investment prospectus and conducted a morphological analysis. The analysis showed that the more positive the word, the higher the success rate of investors' subscriptions. We also compared projects that were heavily invested by general investors with projects that were heavily invested by professional investors. Then, we were able to examine that the success rates of project subscription, which were heavily invested by general investors, were higher than the projects of professional investor type. It can be interpreted as a general investor driven crowdfunding market. Based on these results, we propose three policies. First, the supervisor should be strengthened to provide more detailed information on investment risk factors in the prospectus. Second, the crowdfunding intermediary should monitor information provided by startups. Third, an investor should be asked to add a question to the investment compliance test that allows the investor to recognize the problem in the manual.