• Journal of the Korean Regional Science Association
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• v.33 no.2
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• pp.39-46
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• 2017

This study estimated indirect economic benefits of the introduction of Korean Spatial Information System. Korean academic society has been reluctant to consider indirect benefits as an item of benefits in cost-benefit analysis. Nevertheless, other countries including England recommend to consider some indirect benefits like option value as an important item of cost-benefit analysis, especially in the case of transportation projects. This study estimated indirect benefits of the introduction of Korean Spatial Information System using Contingent Valuation Methods: Indirect benefits of the project are so significant in terms of statistics and substantial in terms of magnitude that decision making can differ from the case without consideration of such indirect benefits.

• Journal of the Korean Institute of Gas
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• v.15 no.1
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• pp.15-21
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• 2011

Cost-benefit analysis (CBA) has been performed in order to decide whether the ILI (in-line inspection) suggested as risk mitigation measure (RMM) from quantitative risk assessment is reasonably practicable. As a result of CBA, we could find out the reasonable intervals of implementation of ILI. In order to assess the benefit, value of preventing a fatality (VPF), which measures value of human life, has been used. The adequate VPF figure of high pressure urban gas pipelines for CBA used in this paper is two billion won. As a result of 2 case studies, we found that the most reasonable intervals of ILI suggested as RMM were 13 years or 15 years.

• Journal of the Korean Applied Science and Technology
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• v.29 no.4
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• pp.561-569
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• 2012

Study attempts to evaluate the environmental cost and benefit for management of particulate matters of Donghae harbor in Gangwondo. The level of fine dust suspended in the vicinity of the harbor was quite high, exceeding the national standard ($100{\mu}g/m^3$) depending on the places. The test field harbor deals with lots of limestone and coal, so that fine particulates could be generated while loading it and unloading. It was estimated that the direct handling of cargos might produce 12 tons of PM10(Particulate Matters of $10{\mu}m$) a year. In addition, heavy vehicles for transportation of various cargos including raw materials emit huge amount of diesel soots and cause to redispersion of road dust. The local government spends more than 2 billion won every year, and it contributes to reduce the atmospheric dust. According to the prediction of cost to benefit, it will present the effectiveness in 720 % maximum and at least 240 %.

• Journal of Korean Society of Rural Planning
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• v.24 no.3
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• pp.137-144
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• 2018

The purpose of this study is to measure the cost-benefit of a road construction project in Vietnam through international development cooperation, which includes private grants and Official Development Assistance(ODA). In developing countries, it is difficult and costly to use data on markets, the CVM(Contingent Valuation Method) to measure the WTP(Willingness-to-Pay) as the benefits of road construction are used. A total of 232 villagers in 16 villages of Lao Cai Province in Northern Vietnam have been surveyed. It is found that the Benefit-Cost Ratio(B/C) in all 3 models are found to be well over 1.0, ranging from 2.8 to 3.64 with the discount rate of 0.06. These BC ratios imply the road construction project in Lao Cai can be justified. Also, it is found that the shortened travel time is the most relevant factor for WTP among direct benefits and the enhanced academic achievement of the children is the most relevant factor among indirect benefits, due to easier and faster access to schools, which in turn increase the school attendance rate. The result of this study can be used to justify other similar projects in Vietnam, even though the benefits may have to be reassessed in other countries.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.43 no.1
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• pp.34-41
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• 2020

There has not been any scientific analysis on appropriate size of workforce and salary for civilian workers in military so far. Thus, this paper conducted analysis on propriety in employment size of military doctrine researchers using system dynamic methodology based on annual military doctrine workload. Vensim software was mainly used to measure complement of the research group based on data from job analysis. Secondly, a multiple regression analysis was performed to study an appropriate wage for researchers based on their expertise and working condition. The data from twenty public research institutions and twenty eight job positions that are performing similar duty with military doctrine researchers was obtained and utilized to create a salary-estimation regression equation in the analysis. Finally, with cost-benefit analysis method this paper studied financial effectiveness of hiring military doctrine researchers. Contingent valuation method, which has been recognized as one of the most effective methodologies in cost-benefit analysis on intangible value, was utilized to measure benefit of hiring the researchers. The methodology presented in this paper can be applied to measure and improve the efficiency of military organization not only in military doctrine research area but also in several military functional area (military training, logistics, administration, combat development, and combat support).

• Journal of Environmental Health Sciences
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• v.43 no.5
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• pp.431-437
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• 2017

Objectives: To protect the health and safety of residents during chemical accidents, the governmental authorities need to provide personal protective equipment (PPE) to citizens who desire it. This study aims to investigate residents'awareness of PPE and perform an economic analysis on providing PPE to residents near chemical plants prior to the establishment of a related law. Methods: This study was carried out through a questionnaire completed by 600 residents composed of items such as residents'awareness of PPE, what type of PPE they need, and how to purchase PPE. Economic analysis (cost-benefit analysis) was conducted on providing PPE to residents near chemical plants on basis of the Gumi City hydrogen fluoride accident of 2012. Results: The results of the questionnaire showed that most residents recognized the need for PPE preparedness for chemical accidents, in particular, for respirators. The level of expense that respondents were prepared to shoulder to share the burden was $25. Except for chemicals of hazard level 2, the benefit of all kinds of chemical accident preparedness considerably exceeded costs in the cost-benefit analysis on providing PPE. An estimated government budget of $20 million per year would be required to provide PPE (hood-type mask) for all residents within a one-kilometer radius of chemical plants in Korea, but only $5.8 million when residents share the expenses. Conclusion: The results of this study suggest that programs for providing PPE for residents near chemical plants should be established by law.

• 한국디지털정책학회:학술대회논문집
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• 2005.11a
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• pp.13-25
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• 2005

• Proceedings of the Korean Nuclear Society Conference
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• 2002.10a
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• pp.351.1-351
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• 2002

• Journal of Convergence for Information Technology
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• v.10 no.5
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• pp.117-125
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• 2020

Our study identifies a cost and a benefit incurred in implementing an investment project to offer new public services by use of food waste disposers and direct input of feces in sewers. This is done with identifying costs of each processing division and benefits of the project by objective statistical data and engineering perspective. In summary, cost items identified are as follows: there are house laterals, removal of septic tanks, etc. for sewer pipes system. As to water quality conservation, cost incurs in storm water outfalls and divert chambers, sewage storage tanks, equipment to treat sewer overflows, and so on. With respect to sewage treatment plants(STPs), there are so many items as increase of contaminant loads in influent of STPs, and other items. There are benefit items in health improvement due to odor mitigation, increase of energy productivity, saving cost of food waste treatment and cleaning septic tanks, etc. These estimates will be used as a basic data for its economic effect.

• Journal of Wetlands Research
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• v.22 no.2
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• pp.139-144
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• 2020

Recently, high-concentration linked wastewater has been introduced into a nearby municipal wastewater treatment plants(MWTPs), but it is difficult to MWTP in local governments due to an unreasonable linked treatment charge system, and there is insufficient evidence or data to prove this. However, the MWTP, which is a national essential infrastructure, is generally exempt from the preliminary feasibility study, so there have been no cases where economic evaluation was conducted. Therefore, we proposed an improvement plan that can compensate for the disadvantages of the existing linked processing charges through previous studies. In this study, a comparative evaluation of how much economic feasibility can be improved compared to the existing ones when applying the improvement plan by conducting an economic analysis. For this, reference was made to the preliminary feasibility assessment data of the existing environmental facilities and the cost factors and benefit factors established during the modernization of the old sewage treatment facilities. As a result of the study, the B/C(Benefit/cost) value was quite low in the past, but when the improvement proposal proposed by the researchers was applied, it was confirmed that the B/C value increased close to 1. Therefore, it is considered to be very reasonable to calculate the linkage processing charge according to the linked wastewater load proposed by the researchers.