• Journal of the Korean Society for Library and Information Science
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• v.44 no.4
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• pp.231-247
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• 2010

This research examines a number of theoretical and practical issues when measuring the economic value of library services. In particular, using two recent studies conducted in Korea as illustrations, the study shows how various measurement decisions affect the final outcomes in the economic valuation of library services and thus points to the need for a more reliable study design. Specific areas of measurement discussed include the following: scope of measurement, application of CVM(Contingent Valuation Method), time vs. monetary value measurement, dealing with outliers, allowing alternatives, and the use of estimation. ROI(Return on Investment) scores or benefit cost ratios vary significantly according to different measurement choices even in the same study. There is a need for collecting qualitative data that complements the quantitative data typically collected in economic valuation studies. The outcome of economic valuation of library services should be considered as one of many representations of library values. Practitioners and researchers should exercise caution in interpreting those results but be able to leverage them to better communicate the value of library services.

• KIEAE Journal
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• v.13 no.4
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• pp.63-68
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• 2013

On the electricity consumption in Korea, the lighting sector takes about 17% of annual total electricity consumptions. In the midst of higher interests on energy conservation measures, design and choice of energy-saving lighting fixtures have been more important. With growth of technology-intensive industries like advanced material, semiconductor, and biotechnology from the 1980s, needs for clean room and thus illumination at clean rooms have been increased. In this paper, development, specification, and features of a Teardrop LED(hereinafter TD LED) lighting fixture as replacement of Teardrop florescent lighting one that has been popularly installed at clean rooms were presented. Also we performed the economic analysis of return on investment(ROI) about energy savings by the installation of the TD LED lighting fixture at a new-built clean room. The economic analysis showed that the new-developed TD LED lighting fixture would be able to withdraw the initial installation cost within 4 years. Lastly, improvement directions and development plans of the next TD LED lighting fixture for wider applications at clean rooms were described.

• Journal of KIBIM
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• v.5 no.1
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• pp.54-62
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• 2015

The Cities that recently developed have been applied to private network for establishing information communication network system. The local governments planning or pursuing U-City construction should also choose the private network in consideration of operation and maintenance. In viewpoint of agency operating u-City, it is necessary to integrate traditional and new network. However, there has been lack of guides to choose U-City network considering the economic analysis between private and leased network. This study analyzed the characteristics of private and leased network, and the cost-benefit by estimating the network cost and communication demand focused on U-services that are recently applied. This study purpose a guide for efficient U-City information network selected by estimating ROI(Return On Investment) and BEP(Break Even Point) for establishing private and leased network.

• Journal of the Korean Society for information Management
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• v.24 no.4
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• pp.173-189
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• 2007

By measuring satisfaction index of the users of Information System, it is possible not only to estimate ROI(Return on Investment) but also to draw the device for the efficiency and improvement of the System. This study tries to give User Satisfaction Index Model for the System, and present operators and managers of the system with the method for improving satisfaction and efficiency by measuring the User Satisfaction Index of representative information systems. For this, the survey was carried out for the representative information systems. On the basis of the analysis, Satisfaction Index was drawn and through Matrix Analysis, the strategy for system improvement was derived.

• Proceedings of the Korean Information Science Society Conference
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• 2010.06b
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• pp.126-131
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• 2010

IT 자원의 상호운용성 및 재활용성 등의 장점 통하여 새로운 비즈니스 환경변화에 가장 빠르게 대응할 수 있는 최적의 대안으로 서비스 지향 아키텍처(SOA : Service Oriented Architecture)가 최근 각광받고 있다. 그러나 구현의 복잡성 및 그에 따른 낮은 ROI(Return on Investment) 평가와 같은 SOA의 문제점들을 보완하기 위해 웹 지향 아키텍처(WOA: Web Oriented Architecture)가 제안되었다. 하지만 WOA 또한 보안 및 안정적인 메시지 전달 등의 문제점들을 안고 있다. 본 논문에서는 SOA와 WOA 구현의 핵심 개념을 연구하고, SOA 또는 WOA를 이용하여 서비스를 구현할 경우 중요한 핵심 개념의 복잡도를 AHP(Analytic Hierarchy Process) 기법을 통하여 평가하였다. 이를 통하여 SOA 또는 WOA 구현 시 요구되는 핵심 요구사항의 중요도를 평가하고 개발자에게 미치는 구현 복잡도를 측정할 수 있다.

• Korea Journal of Hospital Management
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• v.12 no.3
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• pp.47-67
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• 2007

This paper aims at suggesting several ways lo change financial vulnerability and to improve managerial capability of local public hospitals (LPHs) in Korea through the identification of factors affecting profitability. Several findings of the research are as follows: To begin with, LPHs exhibited a statistically significant difference in their profitability from one another, according to tile analyses of their profitable margins from tile general characteristics. It depends on the number of hospitals in the area, the population of the hospital-built area, the number of competing hospitals, the number of staff per 100 beds, the opening of special clinic, the educational function, and the capacity of rooms. However, there was no variable in the managerial characteristics, presenting a significant difference, in contrast with hospitals which have been managed by private companies and made a great amount of profits. Second, according to the analyses of profit differences in behavioral effort-characteristics, a statistically significant difference was revealed upon the basis of the efforts to improve the clinic service, invite special patients, and shorten the period of being hospitalized. Third, the result of analyses about the difference of profitability from medical care and finance is statistically significant in the rate of labor cost, the rate of management cost, bed-occupancy rate, and the period of being hospitalized. Fourth, according to the analyses of the factors influencing the net profit ratio of the entire capital, Adjusted explanatory power(Adjusted $R^2$) was shown up to 65.2%, which is high. To compare the adjusted explanatory power stage by stage, the first stage model applying only two variables such as structural and strategic characteristics exhibited 23.8%, and the second stage model adding financial characteristics showed 51.5%. The explanatory power was much improved up to 65.2% when the third stage model incorporated the outcome of medical care performance. When the return on investment(ROI) was examined by using the multi-variate linear regression analysis at the final model of third stage, it was found that ROI had a positive relationship with the increase rate of patients, labor costs per doctor, and medical care rate of socially protected inpatients. However, it revealed that ROI had a negative relationship with the ratio of labor costs, the number of patients per managerial staff, and occupancy rate of rooms, respectively. The research suggests that in order for LPHs to increase profitability, LPH, should make efforts not only to attract patients to the hospitals without any discrimination of the patients depending on their financial status, but also to develop efficient management methods to reduce labor costs.

• Journal of the Korea Institute of Building Construction
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• v.18 no.2
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• pp.169-176
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• 2018

The purpose of this study is to analyze the effects of applying BIM to the construction phase on preventing rework. Previous studies have presented the contribution of BIM in various ways, but a more practical and reliable analysis methodology are required. In this study, a BIM effect analysis methodology was proposed after collecting requirements on BIM effect analysis from field professionals. In the case study, the rework prevention effect was analyzed based on the proposed methodology. As a result, it was found that BIM application produced the rework prevention effect of approximately KRW 370,519,593. In addition, a consultation with field professionals on the suitability of the proposed methodology and effect analysis results were revealed that the results were sufficiently reliable. The results of this study can be used as efficient basic materials for research on BIM performance measurement in the future.

• Journal of KIBIM
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• v.8 no.3
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• pp.31-42
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• 2018

This study focuses on the BIM request for information(RFI) processing performance and quantitatively analyzes the performance of the BIM coordinator and the loss due to the waiting of the project participants. For these purposes, a method to quantitatively evaluate the performance of the BIM coordinator was proposed using a queueing model. For the verification, two projects in which BIM was applied in the construction phase were selected, and the BIM RFI data were collected through the analysis of the BIM monthly report and BIM coordinator work log of each project. In addition, the BIM input personnel, labor cost, and productivity data were collected through interviews with the experts of the case projects. The analysis of the BIM RFI processing performance of the BIM coordinator using the queueing model exhibited on a probabilistic basis that the waiting status of the project participants could vary depending on the preliminary BIM application to the design verification as well as the input number and level of the BIM coordinator personnel. In addition, the loss cost due to the waiting of the project participants was analyzed using the number of BIM RFIs waiting to be processed in the queueing system. Finally, the economic feasibility analysis for the optimal BIM coordinator input was performed considering the loss cost. The results of this study can be used to make decisions about the optimal BIM coordinator input and can provide grounds for the BIM return on investment (ROI) analysis considering the waiting cost of the project participants.

• Management & Information Systems Review
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• v.22
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• pp.137-165
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• 2007

It seems high time to increase productivity by adopting e-business to overcome challenges posed by both external factors including the appreciation of Korean won, oil hikes and fierce global competition and domestic issues represented by disparities between large corporations and small and medium enterprises (SMEs), Seoul metropolitan and local cities, and export and domestic demand all of which weaken future growth engines in the Korean economy. The demands of the globalization era are for innovative changes in businessprocess and industrial structure aiming for creating new values. To this end, e-business is expected to play a core role in the sophistication of the Korean economy through new values and innovation. In order to examine business performance in e-business-adopting industries, this study analyzed the home shopping industry by closely looking into the financial ratios including the ratio of net profit to sales, the ratio of operation income to sales, the ratio of gross cost to sales cost, the ratio of gross cost to selling, general and administrative (SG&A) expense, and return of investment (ROI). This study, for best outcome, referred to corporate financial statements as a main resource to calculate financial ratios by utilizing Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory Service, one of the Korea's financial supervisory authorities. First of all, the result of the trend analysis on the ratio of net profit to sales is as following. CJ Home Shopping has registered a remarkable increase in its ratio of net profit rate to sales since 2002 while its competitors find it hard to catch up with CJ's stunning performances. This is partly due to the efficient management compared to CJ's value of capital. Such significance, if the current trend continues, will make the front-runner assume the largest market share. On the other hand, GS Home Shopping, despite its best organized system and largest value of capital among others, lacks efficiency in management. Second of all, the result of the trend analysis on the ratio of operation income to sales is as following. Both CJ Home Shopping and GS Home Shopping have, until 2004, recorded similar growth trend. However, while CJ Home Shopping's operating income continued to increase in 2005, GS Home Shopping observed its operating income declining which resulted in the increasing income gap with CJ Home Shopping. While CJ Home Shopping with the largest market share in home shopping industryis engaged in aggressive marketing, GS Home Shopping due to its stability-driven management strategies falls behind CJ again in the ratio of operation income to sales in spite of its favorable management environment including its large capital. Companies in the Group B were established in the same year of 2001. NS Home Shopping was the first in the Group B to shift its loss to profit. Woori Home Shopping has continued to post operating loss for three consecutive years and finally was sold to Lotte Group in 2007, but since then, has registered a continuing increase in net income on sales. Third of all, the result of the trend analysis on the ratio of gross cost to sales cost is as following. Since home shopping falls into sales business, its cost of sales is much lower than that of other types of business such as manufacturing industry. Since 2002 in gross costs including cost of sales, SG&A expense, and non-operating expense, cost of sales turned out to have remarkably decreased. Group B has also posted a notable decline in the same sector since 2002. Fourth of all, the result of the trend analysis on the ratio of gross cost to SG&A expense is as following. Due to its unique characteristics, the home shopping industry usually posts ahigh ratio of SG&A expense. However, more than 80% of SG&A expense means the result of lax management and at the same time, a sharp lower net income on sales than other industries. Last but not least, the result of the trend analysis on ROI is as following. As for CJ Home Shopping, the curve of ROI looks similar to that of its investment on fixed assets. As it turned out, the company's ratio of fixed assets to operating income skyrocketed in 2004 and 2005. As far as GS Home Shopping is concerned, its fixed assets are not as much as that of CJ Home Shopping. Consequently, competition in the home shopping industry, at the moment, is among CJ, GS, Hyundai, NS and Woori Home Shoppings, and all of them need to more thoroughly manage their costs. In order for the late-comers of Group B and other home shopping companies to advance further, the current lax management should be reformed particularly on their SG&A expense sector. Provided that the total sales volume in the Internet shopping sector is projected to grow over 20 trillion won by the year 2010, it is concluded that all the participants in the home shopping industry should put strategies on efficient management on costs and expenses as their top priority rather than increase revenues, if they hope to grow even further after 2007.

• The KIPS Transactions:PartD
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• v.17D no.5
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• pp.317-326
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• 2010

Service Oriented Architecture (SOA), which supports various features such as interoperability and reusability of IT resources, comes into the spotlight as an effective approach for adapting new business environmental changes. SOA, however, has some problems including the high realization complexity and low Return on Investment (ROI). To solve these problems, Web Oriented Architecture (WOA) has gained attention. However, it also has some drawbacks about security concerns and unstable message transmissions. In this paper, we design a novel integrated architecture that classifies services into inside and outside ones and applies SOA for the former and WOA for the latter, respectively. By converging the advantages of SOA and WOA simultaneously, the proposed architecture becomes more simple and service-oriented, and can satisfy diverse requirements of customers. The usefulness evaluation of the proposed architecture is conducted through the Analytic Hierarchy Process (AHP) scheme.