• Title/Summary/Keyword: cost/benefit

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A Study on Cost-Benefit analysis for Geographic Information Systems in Local Governments (지자체 GIS사업을 위한 비용효과분석 연구)

  • Kim, Eun-Hyung;Lee, Hyun-Soon
    • Journal of Korea Spatial Information System Society
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    • v.2 no.2 s.4
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    • pp.59-74
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    • 2000
  • Because efficiency of the 1st-phase NGIS investment(1995-2000) has not been clearly measured, the action taken in the 2nd-phase NGIS project requires NGIS budgets to be evaluated in terms of effectiveness. Especially, the effective investments in local governments are critical for the NGIS projects, because they execute the much larger amount of budgets in total than other GIS projects. As indicated, for the successful NGIS implementation, it is important to obtain continuous political and financial supports from decision makers. As a persuasion measure for the budget appropriation, CBA(Cost-Benefit Analysis) and CEA(Cost-Efficiency Analysis) can play an important role for the decision makers. The major concern of this paper is how to measure the costs and benefits of the GIS implementation by considering important characteristics of the GIS projects in local governments, and existing theories are reviewed for this concern. The GISs in local governments can have different stages in terms of its evolution and the effectiveness of the applications can be represented variously. To identify categories for measuring costs and benefits of the various GISs, case studies and success stories are reviewed from both the foreign and domestic research. The categories of costs and benefits are determined from the tangible and intangible aspects. The categories for the quantitative and qualitative measure are proposed to evaluate the GISs in local governments. After measuring costs and benefits, three key evaluation methods in cost-benefit analysis are suggested as follows: 1) the benefit: cost ratio (B/C), 2) Internal Rate of Return (IRR), and 3) the net present values (NPV) of the costs and benefits. The sensitivity and uncertainty analysis are also helpful to make a decision for the GIS budget appropriation in local governments. In conclusion, although cost-benefit analysis is not an easy undertaking, it is certain that it can play an important role in the future for the GIS funding decisions in local governments.

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Analysis of Runoff Reduction Effect of Flood Mitigation Policies based on Cost-Benefit Perspective (비용-편익을 고려한 홍수 대응 정책의 유출 저감 효과 분석)

  • Jee, Hee Won;Kim, Hyeonju;Seo, Seung Beom
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.43 no.6
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    • pp.721-733
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    • 2023
  • As the frequency of extreme rainfall events increase due to climate change, climate change adaptation measures have been proposed by the central and local governments. In order to reduce flood damage in urban areas, various flood response policies, such as low impact development techniques and enhancement of the capacity of rainwater drainage networks, have been proposed. When these policies are established, regional characteristics and policy-effectiveness from the cost-benefit perspective must be considered for the flood mitigation measures. In this study, capacity enhancement of rainwater pipe networks and low impact development techniques including green roof and permeable pavement techniques are selected. And the flood reduction effect of the target watershed, Gwanak campus of Seoul National University, was analyzed using SWMM model which is an urban runoff simulation model. In addition, along with the quantified urban flooding reduction outputs, construction and operation costs for various policy scenarios were calculated so that cost-benefit analyses were conducted to analyze the effectiveness of the applied policy scenarios. As a result of cost-benefit analysis, a policy that adopts both permeable pavement and rainwater pipe expansion was selected as the best cost-effective scenario for flood mitigation. The research methodology, proposed in this study, is expected to be utilized for decision-making in the planning stage for flood mitigation measures for each region.

Multi-functional Benefits & Costs Analysis of Tide Land Reclamation Project and Development Guidelines in the Future (간척사업(干拓事業)의 다기능적(多機能的) 편익(便益)-비용분석(費用分析)과 발전방향(發展方向))

  • Lim, Jae Hwan
    • Korean Journal of Agricultural Science
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    • v.32 no.2
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    • pp.107-126
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    • 2005
  • The most limited production resource in Korea is land. During the period from 1995 to 2002, annual farm land area of 17,600ha have been converted to urban and industrial land. The self-sufficiency rate of rice, Korean staple food, is expected to be decreased from 97.5% in 2003 to 60-70% in 2020. Under such conditions, this study is aimed at first identifying multi-functional benefits of the reclamation projects such as agricultural production, industrial water supply, urban land supply, transportation effects, sightseeing effects and environmental values with and without the projects. To carry out the objectives, three existing tideland reclamation projects such as Daeho, Kumgang and Yongsangang irrigation project stage II were evaluated and Saemangeum tideland reclamation project which was jointly revaluated by environmental NGO and Govn't appointed specialists in 2000 was reviewed. According to this study results, tide land reclamation projects were showed financially and economically feasible and environmentally sustainable. The joint cost like estuary dam should be allocated based on the multi-functional benefits of the projects. To allocate the joint cost, legal and institutional improvement should adapt the joint cost allocation method as the specific cost-remaining benefit method. Korea has more than 402,000 ha of tidal flat of which 76,396ha have been reclaimed in 2003. To meet food security and to cope with shortage of land, phil-environmental reclamation projects should be continuously implemented and necessary tidal flats for protecting environmental ecosystem should be remained according to the detail survey results of reclaimable resources.

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Economic Evaluation of Hospital-based Home Care Services for the Breast Cancer Surgery Patients (유방암 수술 환자에 대한 가정간호서비스의 경제성 평가)

  • Ko, Jeong Yeon;Yoon, Ju Young
    • Research in Community and Public Health Nursing
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    • v.32 no.3
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    • pp.356-367
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    • 2021
  • Purpose: This study conducted an economic evaluation of hospital-based home care services for the patients who had undergone breast cancer surgery. Methods: A total of 12,483 patients over 18 years of age who had received breast cancer surgery in 26 tertiary hospitals in 2018 were analyzed with the claim data from the Health Insurance Review & Assessment Service using cost-minimization analysis and societal perspectives. Results: There were 156 patients who utilized hospital-based home care services within 30 days after breast cancer surgery, and they received 2.17 (SD=1.17) hospital-based home care service on average. The average total cost was 5,250,028 KRW (SD=1,905,428) for the group receiving continuous hospital-based home care and 6,113,402 KRW (SD=2,033,739) for the group not receiving continuous hospital-based home care (p<.001). The results of the economic evaluation of continuous hospital-based home care services in patients who had undergone breast cancer surgery indicated a total benefit of 953,691,000 KRW, a total cost of 819,004,000 KRW, and a benefit-cost ratio of 1.16 in 2018. Conclusion: Continuous hospital-based home care was considered economically feasible as the total costs for the group receiving continuous hospital-based home care were lower than those of the group not receiving continuous hospital-based home care. Therefore, policy modification and financial incentives are recommended to increase the utilization of hospital-based home care services for patients who had undergone breast cancer surgery.

A Study on the Benefit cost Analysis of the Safety Cost in Construction Work (건설공사의 안전관리비 사용에 대한 투자효과 분석에 관한 조사 연구)

  • 이영섭;김남훈;박종근
    • Journal of the Korean Society of Safety
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    • v.16 no.3
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    • pp.111-116
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    • 2001
  • This study is conducted to review the ratio of direct and indirect cost accompanied by industrial accident in construction sites. It is surveyed that how to use safety cost in construction work is most efficient in comparison with several items of safety cost through the regression analysis.

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A Study on the Factors Affecting Smart Phone Use Behavior of University Students in Class (대학생의 수업 중 스마트폰 사용 행동 영향 요인 연구)

  • Lee, Jong Man
    • Journal of the Korea Society of Computer and Information
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    • v.18 no.4
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    • pp.191-199
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    • 2013
  • The main objective of this paper is to investigate why university students use their smart phones in class and to develop a predictive model of smart phone use behavior that consisted of perceived benefit, perceived cost, attitude, social effect, intention, and habit. The proposed model is tested using survey data collected from 120 university student smart phone users. PLS analysis show as following: At first, intention and habit are significant predictors of smart phone use behavior in class. Secondly, perceived benefit and perceived cost as well as attitude and social effect are the factors affecting smart phone usage in class.

A Cost-Benefit Analysis for the Installation of Piezoelectric Energy Harvester (압전에너지 하베스터 설치사업의 경제성 분석에 관한 연구)

  • Lee, Hyun-Kyung;Lee, Min-Gi;Kim, Hong-Bae
    • Journal of the Korean Regional Science Association
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    • v.33 no.3
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    • pp.49-59
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    • 2017
  • The piezoelectric energy harvester is recently being developed and catching on as a way to achieve low carbon green growth. The practical application of the piezoelectric energy harvester is expected to contribute not only to the reduction of greenhouse gas emissions but also to the improvement of residents' welfare. This paper conducted a cost-benefit analysis for the installation of piezoelectric energy harvester on the highway focusing on its impacts on the public. The results showed that the installation of piezoelectric energy harvester on the gyeongbu highway is economically feasible in that it could increase the social welfare for the residents. Finally, this paper suggests policy direction for the practical use of the piezoelectric energy harvester, based on the results obtained.

Cost Benefit Analysis of Foreign Research Information Centers (외국학술지지원센터 운영 사업의 비용편익분석)

  • Kim, Kwang-Seok;Oh, Dong-Geun;Yeo, Ji-Suk
    • Journal of Korean Library and Information Science Society
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    • v.43 no.1
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    • pp.287-301
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    • 2012
  • This article analyzes the costs and benefits of the seven individuals centers of Foreign Research Information Center. Results of the investment feasibility analysis based on 30 years time span show that 0.99 of BCR (Benefit-Cost Ratio), 5.49% of IRR (Internal Rate of Return), and -507 million Won of NPV (Net Present Value). Sensibility analysis suggests that BCR can be influenced by the journal usage, social rate of discount, and elimination of the duplicate journal among individual centers.

Economic Valuation for Nursery-Phase Production - Focusing on the tidal flat Oyster - (해면 중간육성 생산방식의 경제성 분석 - 갯벌 참굴 산업을 중심으로 -)

  • Choi, Jong-Du
    • The Journal of Fisheries Business Administration
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    • v.43 no.3
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    • pp.31-41
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    • 2012
  • This paper was conducted to study the economic valuation for Nursery-Phase production of the tidal flat oyster in Korea. Benefit-cost(B/C) model used to indicate the effects of economic valuation. Using discounting rates(i.e., 4.5%, 6.5% and 8.5%), the model compared revenues and costs that occur at different times from 2012 to 2018. This study also estimated various submodels, which are Benefit Cost Ratio(B/C ratio), Net Present Value(NPV), Internal Ration of Return(IRR), to compare profit of Nursery-Phase production styles and analyzed returns to evaluate the scenarios. Sensitivity analysis were conducted for various scenarios. The results suggest as follows. First, the oyster spat to the shell height of 3~5cm was more profit than the shell height of 1~3cm. Second, all of sensitivity analysis with submodels were economic valuation such that B/C ratio > 1, NPV > 0 and IRR > discounting rate. Third, the payback period was about 3years after installed Nursery-Phase production system.