• Journal of the Korean Society for information Management
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• v.29 no.2
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• pp.173-191
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• 2012

CVM (Contingent Valuation Method) has been most widely used for valuation of public libraries. However, there have been a debate on the validity of CVM in that many kind of biases could exist due to its hypothetical nature, the type of questions, payment vehicles and so on. To ensure the validity and reliability of public library valuation, this study analyzed the effects of payment vehicles to valuation using CVM. Three types of payment vehicle, tax, donation, fee were used to pay in hypothetical market. As a result, these payment vehicles estimated the different WTP and donation produced 14,542 won, which is the highest WTP.

• Journal of Korean Society for Quality Management
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• v.38 no.1
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• pp.85-95
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• 2010

In this paper we propose a product-service valuation model which is usable as a decision-making tool in order to attain a competitive advantage in service in the manufacturing industry. With this purpose, service quality, product quality and costs as valuation criteria are selected. Also, the paper utilizes an AHP model in order to differentiate a fuzzy theory and valuation factors to ensure objectivity in the evaluated results while excluding subjective factors in conducting the product-service valuation. Accordingly, the product-service valuation model and valuated results proposed in this paper are expected to be useful as a basic data for decision-making in order to draw competitive advantage strategies of service in the manufacturing industry.

• Proceedings of the Technology Innovation Conference
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• 2003.02a
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• pp.191-199
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• 2003

It is critical to select an appropriate technology valuation method when the characteristics of a technology and valuation environment are variable. To ensure high quality decision making when selecting a technology valuation method, it is necessary to understand the principles of a good technology valuation method, and define and apply a decision making theory for selecting an optimal method. The authors propose that Axiomatic Design Principles can be applied as a decision making theory. In order to apply Axiomatic Design for this problem, this paper describes four domains(customer, functional, physical, and process domain) and four axioms(independence, information, cost, time axiom) for the decision making process for the optimal technology valuation method. The result of this study will contribute flexibility to the dynamic technology valuation process.

• Proceedings of the Technology Innovation Conference
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• 2001.06a
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• pp.175-194
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• 2001

Recently, with the advent of knowledge-based economy and techno-economic paradigm social demands for technology valuation have increased. In nature, however, technology valuation is an intractable task since technology is characterized by intangible and tacit factors and is traded in a suppliers market. Consequently, it is quite common that each individual or organization has ie own valuation method or criterion. The main objective of this research is to propose a new technology valuation method which is easy to understand and apply. In addition, the method is designed to generate monetary value, rather than score or rank, of technology. To this end. we have proposed the overall framework and detailed procedure of a new valuation method. In doing that, we have emphasized the following factors. First, the new method. vis-a-vis existing methods, is applicable to high-tech areas, rather than traditional manufacturing sectors. Second. the proposed method analyzes the structural relationship between market value(value of market) and technology value(value of technology) and integrates them into valuation process. Third, the new method takes idiosyncratic characteristics of various industrial(technical) sectors into account.

• Knowledge Management Research
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• v.6 no.2
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• pp.105-118
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• 2005

The future will see all industries become technology-driven in the competitive global market place. Firms with deep technological roots and innovation strategies have some advantages. Business valuation of technology is critical to the future of firm's business. In this situation widely used scoring valuation is not enough to evaluate relative business competitiveness associated with technology and to assign its relative ranking category. Therefore, a more useful and comprehensive new valuation approach, which is called business composite index, is needed to complement and to enhance the existing scoring valuation approach. In this research, statistical factor analysis is applied to determine the common factors and to estimate associated weights. And business composite index, which is a kind of weighted scoring method, is derived based on the results of factor analysis. This research shows that business composite index is considered very useful to measure the business relative strength of individual technology and also to assign its relative ranking category instead of absolute ranking based on scoring valuation approach.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1548-1552
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• 2009

In the construction industry, IT has been an alternative for the enhancement of productivity and technical advances through a paradigm shift. While it has been recognized that the IT system will have a substantial influence on the industry, a quantitative valuation has been very limited. This paper has chosen EVMS (Earned Value Management System), which supports the integrated management of cost and schedule by utilizing IT tools, and which is the largest trend in the construction IT industry in Korea, in order to suggest an analysis model for the valuation of IT. The CVM (Contingent Valuation Method) is used to quantitatively measure intangible value of IT application. Then, a valuation and analysis model were suggested for the quantitative valuation of the effect of IT adoption. In terms of willingness to pay for EVMS, the expected benefits from the adoption of EVMS were US$ 584.52 per man annually. This research should be helpful for construction companies evaluating their investment to Project Management Information System.

• Honam Mathematical Journal
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• v.32 no.2
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• pp.217-226
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• 2010

Using the Bu$\c{s}$neag's model ([1, 2, 3]), the notion of pseudo-valuations (valuations) on a ${\mathbf{BCK/BCI}}$-algebra is introduced, and a pseudo-metric is induced by a pseudo-valuation on ${\mathbf{BCK/BCI}}$-algebras. Based on the notion of (pseudo) valuation, we show that the binary operation in ${\mathbf{BCK/BCI}}$-algebras is uniformly continuous.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2001.11a
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• pp.201-222
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• 2001

This study proposes a technology valuation model applicable for technology transfer or transaction, based on the review of theoretical models and practical applications. The model analyzes individual technologies that can be transacted as economic goods in terms of intellectual properties as subjects of transaction. The valuation of technology for transfer or transaction needs to be performed in view of demand side rather than supply side. This study suggests a successive approximation method in order to evaluate value of technologies quantitatively

• Journal of Korea Technology Innovation Society
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• v.4 no.2
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• pp.182-197
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• 2001

The standards of valuation for technology and business are announced on December of 2000, by a Committee for the Standards of Valuation for Technology and Business led by the author. This is a first effort to set up a social standards of valuation in Korea. Hence, this paper will chase the background philosophy and structure of the standards, and its relationship with international and american standards. The standards of valuation is a product of social agreement, not a bundle of knowledge of professional experts.

• Proceedings of the KSR Conference
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• 2004.06a
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• pp.420-427
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• 2004

Increasing number of transactions and investments in technology has sparked a growing interest in technology valuation. However, it has not been easy to come up with an objective valuation of technology due to variance in technology value, purpose of valuation, and technology patterns. The central paradigm for making decisions about large technology investments is net present value. Unfortunately, it is badly flawed and systematically under values every investment opportunity. The main objective of this paper lies in the development of a new approach for technology valuation using the Real Option Valuation.