• Title/Summary/Keyword: Investment projects

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A Feasibility Study on Construction of the Youth Complex Center (청소년수련관 건설사업 타당성분석)

  • 노병옥;송진우;최상현;이상범
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2003.05a
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    • pp.125-128
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    • 2003
  • This study aims to feasibility study of the Youth Center. Welfare of adolescents is appeared to a matter of concern and interest as social problems of various kinds related adolescents including the fire at a beer bar in Inchon occur recently. In view of government, in addition to fairness of facility location, location of such facilities are to be determined the respect to cost of locating facilities and developmental direction in the future. A feasibility study is an effective tool in determining the decision of investment or not and the level of investment priority on projects requiring a sizeable investment and the feasibility of a project. The first, it is to select reasonable location. It was selected three and two by consideration of facilities distribution and connection with others. Five proposal selected was estimated by five element of approach, demand, symbol, reality, environment. In result proposal I was chosen. The next, it is to estimate scales. It was estimated by analysis of catchment area, similar facilities, programs, in result 7,260$m^2$ cone into analysis to the best gross area The finally, it is to study on economical efficiency. Income Statement estimated was came out \1.7billion. in addition, it offer various benefit by public facilities.

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Multiobjective R&D Investment Planning under Uncertainty (불확실한 상황하에서의 다복적 R & D 투자계획수립에 관한 연구-최적화 기법과 계층화 분석과정의 통합접 접근방안을 중심으로-)

  • 이영찬;민재형
    • Journal of the Korean Operations Research and Management Science Society
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    • v.20 no.2
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    • pp.39-60
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    • 1995
  • In this paper, an integration of stochastic dynamic programming (SDP), integer goal programming (IGP) and analytic hierarchy process (AHP) is proposed to handle multiobjective-multicriteria sequential decision making problems under uncertainty inherent in R & D investment planning. SDP has its capability to handle problems which are sequential and stochastic. In the SDP model, the probabilities of the funding levels in any time period are generated using a subjective model which employs functional relationships among interrelated parameters, scenarios of future budget availability and subjective inputs elicited from a group of decision makers. The SDP model primarily yields an optimal investment planning policy considering the possibility that actual funding received may be less than anticipated one and thus the projects being selected under the anticipated budget would be interrupted. IGP is used to handle the multiobjective issues such as tradoff between economic benefit and technology accumulation level. Other managerial concerns related to the determination of the optimal project portifolio within each stage of the SDP model. including project selection, project scheduling and annual budget allocation are also determined by the IGP. AHP is proposed for generating scenario-based transformation probabilities under budgetary uncertainty and for quantifying the environmental risk to be considered.

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Investment for Farm Land Development and Analysis of It's Effects on Rice Production in Korea - New Farm Land Development Policy with Respect to UR Problems - (한국(韓國)의 농지개발투자(農地開發投資)가 미곡생산(米穀生産)에 미친 효과분석(效果分析) - UR문제(問題)에 관(關)한 신농지개발정책(新農地開發政策) -)

  • Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.21 no.1
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    • pp.67-80
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    • 1994
  • Farm land is considered the most important production factor in farm production. Land is not only one of the most scarce resource but also the size of land holding is the key factor in determining the size of farm income in Korea. To increase farm productivity by accepting bio-chemical and mechnical technology, the qualitative improvement of farm land through land consolidation and on-farm development have been carried out by the Korean government. Land consolidation with water resource development makes possible the high-tech-capital intensive farming, internal expansion of farm land and hightening the rate of land intensity in connection with UR problems. This paper contained the present status of farm land base development, allocation of investment by types of farm land development and the econome-trical analysis on the effects of the investment on rice productivity during the past 27 years since 1965. The rate of irrigated paddy area had been increased from 42% in 1965 to 74% in 1991. Land consolidated area out of the total paddy area had been achieved 44.9% and the improved rate of poor drained paddy area was shown 43.5% in 1991. To carry out the above farm land base development projects, the government had procured financial budgets consisting of the G't subsidy, long term loan, foreign loan, the provincial G't subsidy, WFP counter fund and farmer's burden.

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Economic Impacts of Transportation Investment on Regional Growth: Evidence from a Computable General Equilibrium Model on Japan's Cross-Prefectural-Border Region

  • Thi Thu Trang, HA;Hiroyuki, SHIBUSAWA
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.2
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    • pp.183-193
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    • 2023
  • This paper proposes and examines the economic impact of infrastructure improvement on the San-En-Nanshin region in the Chubu area of Japan. We develop a single transportation computable general equilibrium (CGE) model for each subregion within the San-En-Nanshin region. The explicit modeling of the transportation infrastructure is defined based on interregional commuting flows and business trips, considering the spatial structure of the San-En-Nanshin economy. A CGE model is integrated with an interregional transportation network model to enhance the framework's potential for understanding the infrastructure's role in regional development. To evaluate the economic impact of transportation improvement, we analyze the interrelationship between travel time savings and regional output and income. The economic impact analysis under the CGE framework reveals how transportation facilities and systems affect firm and household behavior and therefore induce changes in the production and consumption of commodities and transportation services. The proposed theoretical model was tested by using data from the 2005 IO tables of each subregion and the 2006 transport flow dataset issued by the Ministry of Land, Infrastructure, Transport, and Tourism in Japan. As a result, the paper confirms the positive effect of transportation investment on the total output and income of the studied region. Specifically, we found that while economic benefits typically appear in urban areas, rural areas can still potentially benefit from transportation improvement projects.

Managerial Ownership and R & D Investment in the Chinese Firms : Comparison between State_Owned Firms and Private_Owned Firms (경영자 지분이 연구개발투자에 미치는 영향: 중국 국유기업과 민영기업 비교를 중심으로)

  • Cho, Young-Gon;Zhou, Xiao Long;Zhang, Xiao Pan
    • The Journal of the Korea Contents Association
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    • v.17 no.5
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    • pp.8-17
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    • 2017
  • Using 1855 observations from 5 years-371 firms panel data during 2010 to 2014 in Chinese stock exchanges, this study examines the impact of managers' ownership on R & D expenditures. The empirical study finds that when firms are state-owned, managers' ownership have negative relation with the level of R & D expenses as well as the likelihood of executing R & D investment, implying that managers are less likely to invest in high risky projects due to managerial ownership's entrenchment effects to pursue private benefits rather than alignment of interest effect as shareholders. The empirical study also finds that when firms are private-owned, managerial ownership are inverse U shaped related to the level of R & D expenses, implying that managers are less likely to invest in high risky projects due to increasing risk aversion resulting from concentration of private wealth at its high level while managers are more likely to invest in high risky projects due to increasing incentives as shareholders at its low level. The results support that the effects of managerial ownership on R & D expenses may be different according to the ownership type of Chinese listed firms.

Analysis of the Effects of Public R&D Subsidy on Private R&D Investment in the Cleaner Production - Complementary or Crowding-out Effect - (청정생산R&D 정부출연금의 기업R&D투자에 대한 효과분석 - 민간기업R&D투자의 보완.대체효과를 중심으로 -)

  • Ju, Hong-Shin;Kim, Jum-Su;Park, Jung-Gu
    • Clean Technology
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    • v.17 no.2
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    • pp.181-188
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    • 2011
  • In this study, the complementary or crowding-out effects of public R&D subsidy on private R&D investment in the cleaner production were analysed between the effects and the major determinants (company size, R&D investment intensity, ratio of government investment, R&D manpower intensity). Among 207 firms' projects, the number of the complementary effect was 95 (45.9%) while that of crowding-out effect was 38 (18.4%). Resulting from logistic regression, the higher the R&D investment of sponsored companies is, the more complementary effect they show, responding to public R&D subsidy, and increase own R&D investment. The other determinants, however, showed no significant effects on firms' R&D investment. To heighten the effect of public cleaner production R&D, it is need to increase the priority of R&D investment intensity among the determinants. And to increase the performance of governmental R&D investment, further studies for the individual public R&D programs are necessary.

An Empirical Study on the Effect of Informatization of Small and Medium Manufacturers on Business Performance (중소제조기업의 정보화가 기업 성과에 미치는 영향에 관한 실증연구)

  • Joo Seok-Jeong;Park Seong-Kyu;Kim Na-Rang;Hong Soon-Goo
    • 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

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On the Design of R&D Proposal Screening System (연구제안서 스크리닝 시스템의 설계에 관한 연구)

  • 최창우;김선우;김혜리;박용태
    • Proceedings of the Technology Innovation Conference
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    • 2003.06a
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    • pp.3-11
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    • 2003
  • As the size and scope of R&D investment explodes, the strategic and managerial importance of R&D proposal screening becomes highlighted. This point is particularly true for a large-scale research center that deals with multi-product and multi-technology R&D projects. Despite the importance, however, previous research has focused on project evaluation and selection stage. In this research, we propose a R&D proposal screening system. The main objective of the system is to filter R&D proposals that are identified to be duplications of past or existing projects. To this end, the algorithm of the system employs text mining, multivariate statistical method, and case-based reasoning.

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Green New Deal Project and Low Carbon, Green Growth Strategy (녹색뉴딜사업 및 저탄소 녹색성장 전략)

  • Lee, Sun
    • Journal of the Korean Professional Engineers Association
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    • v.42 no.2
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    • pp.41-48
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    • 2009
  • The Government declared 'Low-Carbon Green Growth' as the new national vision for future development to improve economic growth and quality of life through higher energy efficiency, less energy consumption, wider use of renewable energy, etc. Korea can no longer delay participating in international efforts against global warming by reducing carbon dioxide and other greenhouse gas emissions. Thus low-carbon green growth is not a matter of choice, and it becomes indispensible to sustaining the nation's economic development. The Government is determined to take the initiative in speeding up economic recovery by carrying out the large scale investment projects such as the Korean version of a 'Green New Deal. The 49 trillion-won projects include river improvement, eco-friendly transportation networks, advanced information infrastructure, water resources & dam construction, green cars & clean energy development, etc. which will create nearly one million new jobs over the next four years.

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A Survey of Bioenergy Resources Potential and the Prospect of Cooperation in Yanbian Korean Autonomous Prefecture

  • Kim, Zin-Oh;Oh, Sang-Myon;Lee, Yong-Woo
    • Journal of environmental and Sanitary engineering
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    • v.23 no.1
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    • pp.1-15
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    • 2008
  • Yanbian Korean Autonomous Prefecture(YKAP) possesses the potential to become the first testing ground for the North-East Asian Energy Cooperation in renewable energy sector. We found that production of biodiesel from rapeseed and CHP (Combined Heat and Power Plant) project utilizing abundant forest resources are the two main bioenergy development projects which may have further development potential considering the resource endowments and the focus of Chinese governments' current rural development policy. Provision of stable and transparent investment environments and the development of a close cooperation mechanism between Korea and China government are the prerequisite conditions for investments in the sector. Other international institutional agreements, such as CDM, shall be fully utilized for biomass CHP projects.