• Korean Journal of Construction Engineering and Management
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• v.5 no.3 s.19
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• pp.97-105
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• 2004

Planning phase became very important because the construction market in Korea is often unpredictable. The existing feasibility analysis cannot fulfill its purpose in development projects because they are based on intuitive approach rather than systematic approach. The purpose of this study is to make a prototype of feasibility model to be a good investment. To build the model, first, risk factors which can be occurred in project had to be selected. Risk factors were divided into several groups in basis of characteristical risk. Economical risk factors were input on financial analysis. Then, to catch the relevance and influence of all risk factors, influence diagram and decision tree were made. Finally, sensitivity analysis was activated, then what the critical factors were, and how those factors could be solved. Through these procedures, the feasibility model that was made in this study could include both quantitative and qualitative factors. This model is expected to be used as a guide of feasibility analysis including all risk factors and is to serve systematic frame in planning and feasibility stage.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2022.11a
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• pp.300-301
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• 2022

In order to improve the accessibility to the island through marine leisure ships, it is necessary to evaluate objective business feasibility of the ship's operation. In this study, costs and income were estimated based on the operating expenses and freight standards of similar marine leisure ships in operation, and based on this, the feasibility of the project was empirically analyzed through B/C analysis, NPV, and IRR. In addition, sensitivity analysis was performed for various variables to understand the requirements for securing minimum economic feasibility. As a result of the study, in case of new building ship, the B/C ratio was estimated to be 1.042, NPV was estimated to be KRW 1.93 billion, and IRR was estimated to be 2.1% which means that profitability was secured.

• Journal of the Korean housing association
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• v.13 no.6
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• pp.79-88
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• 2002

The intent of this study is to investigate the feasibility of small-scale developments in residential blocks in the city, and to propose development strategies and models. This research is done on the premises that large housing developments ignore the urban structure of its own quality, whitens on-lot-based multi-unit housing developments fail to maintain amenity and livability in residential blocks. For solving these shortcomings, this research proposes the possibility of small-scale housing development models as an alternative development system. And some residential blocks were selected as case sites and analyzed into typical block types, to support the proposal of pertinent development types. Each type was investigated and discussed in terms of development feasibility and proper development strategies. Finally, three development schemes are proposed as prototypical models for the best application in residential blocks.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.222-225
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• 2003

The development project of a public rental housing require the accurate and systemical feasibility analysis for the successful performance owing to the long project duration. But, the item and procedure of the existing feasibility analysis are not standardized and the correlation among each of items is not clear. Therefore, analysis has much difficulty. The purpose of this study is to present the basic data for the modeling of the feasibility analysis system, through the domestic public enterprise-oriented survey and interview and collection of the report about the feasibility analysis.

• Ocean and Polar Research
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• v.26 no.2
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• pp.187-197
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• 2004

The purpose of this paper is to investigate economic feasibility of manganese nodules in Korea area (Clarion-Clipperton Fracture Zone). We assumed that the production scale of manganese nodules were 3.0MT or 1.5MT and analyzed that the capital cost and operating cost were estimated in the four sectors, exploration, mining, transportation and metallurgical process. The capital cost and operating cost evaluation reflects the latest technical practices. First, for analyzing economic feasibility, the scenario suggests that the production of 4 metals can be made for 25 years. Assuming the discount rate at 8.0%, equity capital at 50% and tax at 27%. When manganese nodule were mininged 3.0 MT, economic feasibility analyses showed that IRR was 12.8 and pay-back period was 9.2 years, and when manganese nodules were mininged 1.5 MT, economic feasibility analyses showed that IRR was 4.0 and pay-back period was 11.8 years. This study indicated there is economic validity of at the product of manganese nodules 3.0 MT. In addition, we carried out a sensitivity analysis at the change of cobalt price on mining 1.5 MT. The result of sensitivity analysis clearly showed that economic validity is high at increasing of cobalt price 50% up.

• Physical Therapy Rehabilitation Science
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• v.13 no.1
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• pp.106-112
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• 2024

Objective: This study aimed to evaluate the validity of a depth camera-based system for monitoring physical function, assessing its feasibility for accurately monitoring activities of daily living. Design: A cross-sectional study. Methods: Twenty-three participants were enlisted to perform fifteen activities of daily living within a living laboratory designed to simulate a home environment. Activities were monitored using a depth camera system capable of classifying actions into standing, sitting, and lying down, with a conventional video camera employed for activity recording. The duration of each activity, as measured by the system, was compared to direct observations made by a physical therapist which were analyzed using a motion analysis software. The association between these two measurement approaches was assessed through correlation analysis, coefficient of determination, intraclass correlation coefficient (ICC), and Bland-Altman plots. Results: Our findings indicated that standing activities exhibited the highest correlation (r=0.847) between the system measurements and physical therapist observations, followed by sitting (r=0.817) and lying down (r=0.734), which demonstrated lower correlations. However, the ICC and Bland-Altman plots revealed notable variances between the two measurement methods, particularly for activities involving lying down. Conclusions: In this study, the depth camera-based physical monitoring system showed promise feasibility in distinguishing standing, sitting, and lying down activities at home environments. However, the current study also underlined some necessities of enhancements in capturing lying down activities.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.16 no.3
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• pp.21-30
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• 2008

As the low-cost carriers of the region enters the air transportation market, the domestic air transport circumstance is to be changed and each local autonomous entity conducts the feasibility study to develop the regional airport. But the airport is developed almost all by the goal of the policy and actually the valid basis of the airport development is often weak. To present the validity of the regional airport development Using the pre-feasibility study method the government performs I apply it to the airport development project of the Seo-san region. To present the validity of the regional airport development this study carries out the pre-feasibility study by the AHP analysis.

• International Journal of Railway
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• v.5 no.4
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• pp.144-147
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• 2012

New transport technologies have been rapidly developed and various transport systems are ready to introduce. However, there no exists effective decision making tools for pre-feasibility studies on transport systems. The pre-feasibility studies should provide reliable solutions about whether a certain transport system is feasible or not by cost-benefit analysis and effectiveness test of enhancing regional economy. This study introduces the smart transport investment/information system (SMARTIS) for supporting decision making with ease, fast and reliable methods. The SMARTIS incorporates travel demand estimates into the process of feasibility studies with automatic data processing methods to give reliable solutions quickly. The SMARTIS is expected to be informative for transit agencies, planners, and operators.

• Journal of the Korean Institute of Rural Architecture
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• v.14 no.3
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• pp.101-108
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• 2012

The purpose of this study was to set and analyze the feasibility and survey of the Hanok(The traditional Korean style house) housing complex project within Seoul metropolitan area. The results of this study were as follows. First of all, a survey was carried out to find out the optimum Hanok style. The survey showed that many people chose a frond and back yard garden as a merit of Hanok and pointed out the weak crime prevention as a weakness of Hanok. The optimum size for a Hanok was from $264m^2$ to $330m^2$ and living space was from $100m^2$ to $132m^2$. And people considered about 120% of what the apartment sells for as the reasonable price of a Hanok. Based on the survey, this study planned a Hanok housing complex on a lot that has competitive price and analysed the feasibility of the housing plan. The result was that Hanok's construction cost per $3.3m^2$ to be a marketable product has to be below about 6 million Won. As a result, the construction cost-saving through the advanced technology and planning to meet the changing customers' needs are needed to vitalize Hanok's supply.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.602-607
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• 2013

Financial risks associated with capital investments are often measured with different feasibility indicators such as the net present value (NPV), the internal rate of return (IRR), the payback period (PBP), and the benefit-cost ratio (BCR). This paper aims at demonstrating practical applications of probabilistic feasibility analysis techniques for an integrated feasibility evaluation of the IRR and PBP. The IRR and PBP are concurrently analyzed in order to measure the profitability and liquidity, respectively, of a cash flow. The cash flow data of a real wind turbine project is used in the study. The presented approach consists of two phases. First, two newly reported analysis techniques are used to carry out a series of what-if analyses for the IRR and PBP. Second, the relationship between the IRR and PBP is identified using Monte Carlo simulation. The results demonstrate that the integrated feasibility evaluation of stochastic cash flows becomes a more viable option with the aide of newly developed probabilistic analysis techniques. It is also shown that the relationship between the IRR and PBP for the wind turbine project can be used as a predictive model for the actual IRR at the end of the service life based on the actual PBP of the project early in the service life.