• Title/Summary/Keyword: Value Valuation

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Market Approach to Valuation Based on Technology Transfer Cases in Korea

  • Kim, Sang-Gook;Lee, Hyun;Park, Hyun-Woo
    • Asian Journal of Innovation and Policy
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    • v.2 no.1
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    • pp.97-122
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    • 2013
  • This study secured comparable sales transaction information of technology transfer corresponding to an active market conditions and proposes a method to assess the similarity of technologies with regard to comparability of technology transfer based on these cases information. In order to analyze the association and similarity between target technology and sales transactions, it proposes the significant factors affecting royalty decision and the cosine coefficient method by industry categories. It also proposes the method to adjust royalty, which means that this method unlike the conventional method provides clear standards to valuators in order to revise royalty. Therefore, it offers a solution to the difficulties of applying the market approach for a lot of valuators that have wanted to apply it and objective method to enhance the reliability of the value of intangible asset evaluated by the market approach.

Valuation of National Parks by Types of Resources-Application if Contingent Valuation Method- (국립공원의 자원특성법 경제적 가치 평가-가상가치평가법 적용-)

  • 이충기;김용근;김용식;한상열
    • Korean Journal of Environment and Ecology
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    • v.15 no.1
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    • pp.79-91
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    • 2001
  • 본 연구의 목적은 대표적인 6개 국립공원에 대하여 자연 및 문화자원의 이용가치와 비이용가치를 이선선택형가상가치평가법을 이용하여 측정하는 것이다. 측정결과 이용가치의 경우높게는 17,208원/1인(설악산국립공원)에서 낮게는 5,758원/1인(태안해안국립공원)의 범주로 나타났다. 또한 비이용가치의 경우 높게는 16,198원/1인(북한산국립공원)에서 낮게는 12,756원/1인(한려해상국립공원)의 범주로 나타났다. 본 연구결과는 국립공원이 현재의 입장료(1,000원/1인)와 국립공원의 유지관리비(3.700원/1인)를 능가하는 상당한 정도의 이용가치와 비이용가치를 창출하고 있다는 사실을 지적해준다. 따라서 국민의 경계적 편익을 유지하기 위해서 정부는 국립공원의 유지. 관리비용을 계속 지원해야만 할 것이다.

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A Multi-Layered Approach for the Valuation of Location Based Services

  • Kim, Ji-Hoon;Kwon, Oh-Byung
    • Proceedings of the Korea Inteligent Information System Society Conference
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    • 2005.11a
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    • pp.147-156
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    • 2005
  • In developing the ubiquitous computing technology based services (ubiquitous services), evaluating how much value of those services is created or added is very crucial. The efforts to evaluate the ubiquitous services have been progressed in two perspectives - technical perspective and behavioral perspective. Despite its importance, however, the methodologies which integrate both perspectives have been still very rare. Hence, this paper aims perspectives have been still very rare. Hence, this paper aims to propose an integrated ubiquitous service valuation methodology based on the multi-layered approach including technical and behavioral perspectives. To do so, we conducted a case study with currently existing location based service (LBS) such as navigation systems by conducting focus group interview (FGI) and field survey.

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A Study on the Introduction of the Work Breakdown Structure for Infrastructure Asset Management

  • Jeong, Seongyun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.691-692
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    • 2015
  • Several scholars in South Korea have predicted that maintenance costs of social infrastructure will sharply increase from the mid-2020s, and cause budgetary deficits among facilities management agencies. Interest in infrastructure asset management (IAM) is rising as a solution to such problem. In this study, an information system for asset valuation that reflects the salvage value and deferred cost of social infrastructure based on WBS (work breakdown structure) was developed in consideration of IAM. To reuse the construction cost information such as the acquisition cost, the interconnection between CBS (cost breakdown structure) and WBS was considered. Furthermore, asset valuation information was developed with XML schema to facilitate the exchange and reuse of the information among project participants.

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Developing a technology valuation model and a web-based technology valuation system for promoting the technology transfer (기술이전거래 촉진을 위한 기술가치평가모형 및 웹기반 기술가치평가시스템 개발)

  • Baek, Dong-Hyun;Yoo, Sun-Hi;Jung, Hye-Sun;Sul, Won-Sik;Hong, Kil-Pyo;Kim, Hun
    • Information Systems Review
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    • v.6 no.1
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    • pp.123-139
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    • 2004
  • It is needed to transfer the technology actively which has already developed to improve a up-to-date technology and foster the technological innovation. The technology transfer also can bring about a commercial success. To promote the technology transfer, it is needed to develop a new technology valuation model for a specific technology from a objective point of view, as well as to equip an institution such as the technology transfer center. The technology valuation from a objective point of view is of importance as the basic information for the price negotiation between a technology-buyer and a technology-seller. This paper takes aim at investigating a new technology valuation model and developing a technology valuation system for promoting the technology transfer. A new technology valuation system is developed as a Web-enabling base. Using this users are able to estimate the value of a specific technology on a real time efficiently.

A Study on the Patent Valuation for SMEs' Patent Management (중소기업의 특허경영을 위한 특허가치평가에 관한 연구)

  • Yang, Hui-Man
    • Journal of Industrial Convergence
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    • v.15 no.2
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    • pp.17-26
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    • 2017
  • In light of the fact that the effect of intellectual property rights like patent on enterprise competitiveness is growing, rational valuation of patent rights, which are own by enterprises, is required because accurate patent valuation can bring about the activation of the technology exchange market and enhancing the values of enterprises as well as the security of funds through technology security. However, in reality, interest in the value of patent rights is not great due to many variables, affecting patent rights, and diverse attributes, and non-generalized methods of valuation. Therefore, studies on patent valuation for patent management of Small and Medium Enterprises is required. This thesis examined patent valuation for the patent management of Small and Medium Enterprises based on literature studies, and attempted to find factors, affecting patent valuation by finding patent valuation factors through experts, organizing, and analyzing these factors. 10 essential factors, which are demonstrated in this research, are the commercialization possibilities of technology, market competitiveness, the possibility of technology commercialization, market size, the originality of acquired technology, the stability of the right(the possibility of invalidating), the level of technology, technology competitiveness, the ripple effect of technology, and the characteristics of technology(original technology/application technology).

A Study on Asset Valuation Method in Educational Facilities Delivered by BTL (BTL 사업 학교시설의 자산 가치평가 기법 연구)

  • Lee, Young-Joo;Soh, Ji-Yune;Lee, Jun-Bok;Han, Choong-Hee;Chae, Myung-Jin
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.4
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    • pp.40-49
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    • 2011
  • A number of BTL projects for educational facilities have been augmented because of the increase of newtown development and deflationary policy of class size for learning efficiency. As the operation and maintenance costs rapidly increase, the budget for operation and maintenance is expected to be short. Therefore the asset management maximizing asset value is required to clarify the budget plan and distribution and provide a qualitatively high service. The main objective of this research is to establish asset valuation process in educational facilities delivered by BTL project. In order to meet the research objective, the asset valuation process is established by literature reviews, expert advice, and lessons learned from the developed countries. The developed process includes depreciation by internal accounting law, the core element of valuation, and asset valuation process. The results of the research will be help to offer the qualitatively high service and explain the standard of budget plan. It will assist commencing the asset management system.

A Study on Evaluation of Restoring Crosswalk and Improving Pedestrian Overpass by Contingent Valuation Method (조건부가치측정법에 의한 횡단보도 복원 및 육교 개량의 가치평가에 관한 연구)

  • Lee, Hwan Jin;Oh, Yun Pyo
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.4D
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    • pp.323-333
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    • 2012
  • This paper is aimed to recognize trends of various social groups about multiple transportation policies such as the crosswalk restoration by eliminating the pedestrian overpasses and the improvement or continuous extension of existing pedestrian overpasses, currently implemented in Busan, following the globally prevailing pedestrian-oriented transportation environment. Also, this paper utilizes Contingent Valuation Method (CVM) to evaluate the efficiency of individual alternatives in terms of respondent's willingness-to-pay (WTP). Consequently, survey participants preferred the crosswalk or improvement of the pedestrian overpasses rather than depending on the existing pedestrian overpasses. In addition, the WTP value for the crosswalk restoration is approximately 42,452 won per household per year, and, on the other hand, the WTP value for the improvement of existing pedestrian overpasses is approximately 36,793 won per household per year, implicating that the transportation policy makers are suggested to place more priorities on crosswalk restoration than the improvement of the existing pedestrian overpasses.

ON THE OPTION VALUATION AND DECOMPOSITION OF EXCHANGE OPTION

  • Choi, Won;Ahn, Seung-Chul
    • Journal of applied mathematics & informatics
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    • v.9 no.2
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    • pp.745-751
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    • 2002
  • In this paper, we Shall find the unique rational price associated with the exchange option. Also, we find the decomposition of Snell envelope and value function of the American exchange option.

Dewey's Pragmatic Conception of Value (듀이의 실용주의적 가치 개념)

  • Kook, Soon-ah
    • Journal of Korean Philosophical Society
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    • v.137
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    • pp.1-31
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    • 2016
  • The aim of this paper is to put forward the significance that Dewey's naturalistic theory of value has today in examining how value arises from experience. This is a necessary discussion as logical-positivists bring about the problem of fact/value dichotomy and further deny the possibility of intellectual discussion on value judgments. In this situation, the task that the discussion on value must be resolved is to go beyond the problem of fact/value dichotomy and to confer objectivity upon value judgments. In the stream of analytic philosophy, the significance of Dewey's theory of value is revealed by how Putnam and Johnson receive it. To overcome the problem of dichotomy, Putnam asserts that they are entangled because the value arises from a criticism through scientific inquiry. Also Johnson proves that Dewey's moral deliberation as valuation is wedded with cognition, feeling, and imagination by the research on cognitive science and shows that Dewey's theory of value is un-relativistic because it is on the basis of shared experience. So, if the absolute value is not given to us, Dewey's theory of value shows us how value is made by open inquiry. It has the significance of proposing the direction that the theory of value orients itself today.