• Journal of the Korean Society of Industry Convergence
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• v.23 no.1
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• pp.65-71
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• 2020

Recently, interest in the DC transmission is rapidly increasing worldwide. In many countries and leading companies are prior to the aggressive development of HVDC technology and application. Especially, VSC-HVDC system has been widely applied to transfer power at long distance between power plant and power consumption area. Therefore in this paper, we analyzed the benefit-cost of VSC-HVDC system which has more advantages than existing transmission system. The proposed system is MMC(Modular Multilevel Converter) VSC-HVDC system that have stability of Power Grid, interconnect Large-scale New Power Generation Plants by prevents Blackout. And MMC VSC-HVDC system Reduced the loss importing foreign systems. And the benefits were calculated in four stages, and the costs were applied to the actual project. By evaluating the various avoidance costs compared to the benefit-cost, it was confirmed that MMC VSC-HVDC system was advantageous in system stability and economic and social benefits.

• Journal of Environmental Science International
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• v.10 no.2
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• pp.85-90
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• 2001

The conflicts between environment protection and economic development are becoming increasingly important in environmental decision making of Nakdong River Basin. A science-based evaluation system is now needed to represent both the environmental values and the economic values with a common measure. EMERGY, spelled with an \"m\" evaluates both the work of river and that of human in generating products and services. The monetary cost-benefit analysis and the environmental accounting by EMERGY analysis were applied to determine whether there will have a net benefit in environmental decision making of Nakdong River Basin. Based on the results of the environmental accounting, all alternatives which related to environmental decision making of Nakdong River Basin show that more and more of EMERGY cost becomes needed than the a EMERGY benefit from getting water to drink in the lower basin. From these results, for selecting alternatives to manage water quantity and quality that is sustainable in the environmental use and economic development, environmental accounting concepts must be considered, and the economic structure of Nakdong River Basin should be changed from the present industrial structure to social-economic based on ecological-recycling concept for the sustainable use of Nakdong River.ong River.

• Journal of the Korea Society of Computer and Information
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• v.21 no.9
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• pp.113-119
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• 2016

In this paper, a research model is proved empirically which includes factors related on the purchase intention of smart car as high innovative product in advance of commercialization. As one of relating to consumer's expectation benefit factors, individual attribute factor includes product knowledge, individual innovativeness, and sociality. Consumer's expectation benefit factor includes perceived ease-of-use, usefulness, and enjoyment. As of switching cost variables, there are financial, uncertainty, relational and psychological switching costs factors. Analysis were performed using data from the 257 respondents as random sampling among potential consumers. Purchase intention were affected by individual innovativeness mediated by perceived enjoyment, and individual sociality by perceived ease-of-use and enjoyment also. Relational switching costs factor was only a significant control variable between purchase intention with consumer's expectation benefit factor. This result presents some implications for making the new smart car's detail concept and marketing strategy related to targeting the consumer as high innovative product and technology firms including smart car makers.

• Journal of the Korea Institute of Building Construction
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• v.8 no.2
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• pp.81-87
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• 2008

High-rise building is taking a place as one of building types from apartment housings to commercial buildings. With taking in account of stability and durability, strength of used materials is increasing gradually in these high-rise buildings. According to this, frequency in use of SD500 re-bar is increasing gradually in high-rise buildings. However the study of SD500 re-bar is insufficient because SD500 re-bar started to be used for domestic buildings lately. Specially because there is no guide or study to refer to, people get into difficulties when to decide the method of re-bar connection in construction using SD500 re-bar. Accordingly in this study, it suggests the method of estimating the economical efficiency on SD500 re-bar connection, and conducts benefit/ cost analysis on lapped splice and coupler splice by applying AHP theory, and then presents its result. After to analyze re-bar diameter of D25, 29, and 32, finally we attained the result that the coupler splice is advantageous in all parts of benefit/ cost more than the lapped splice.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.12
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• pp.423-431
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• 2020

This study examines the cost and benefit (i.e., income) of the Forest Stewardship Council (FSC) rubber plantations in Thailand. The study attempts to identify the challenges to the implementation of FSC standards in rubber plantations in the country. A total of 60 rubber farmers in two Southern provinces, namely, Songkhla and Rayong, were interviewed through a standardized questionnaire to gather primary data. The study found that small-, medium- and large-sized FSC rubber plantations were worth investing in. All sizes of rubber plantations had similar values of benefit cost ratio (BCR). It was also found that the values of the discount payback period (DPP) of the three forms of FSC rubber plantations were 9-12 years, while the large rubber plantations had the highest internal rate of return (IRR) (19.0%). It implies that the large-size plantations had the highest values. The rubber farmers in the study area reported that they are facing a number of problems and hardships in implementing FSC standards, lacking knowledge and understanding of FSC, especially for preparing documentation. Therefore, the Thai government should take proper policy initiatives to remove all the problems and barriers in implementing FSC standards for the sustainable rubber production in the country.

• The Korean Journal of Applied Statistics
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• v.28 no.4
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• pp.621-641
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• 2015

Benefit-cost ratios are estimated using life-expectancies of the national pension old-age pensioners in Korea and a compared to whole nation. To obtain the ratios, future mortalities are estimated by multiplying the ratios of experienced mortalities for old-age pensioners to those of the whole nation and the future mortalities of the whole nation projected on an expanded CBD model. The results indicate that the life expectancies of old-age pensioners are longer than the whole nation that lead to higher benefit-cost ratios for old-age pensioners.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.17 no.6
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• pp.29-37
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• 2014

The objective of this study is to estimate the cost and benefits of street trees for their planting types, specifically, single row, single row+bottom, double row, double row+bottom. Different planting types are compared and analyzed by using Net Present Value (NPV) and benefit-cost ratio (BCR). Existing data are collected from the literature reviews for the use of meta-analysis method for estimating cost and benefit. The elements for analyzing costs are management and planting costs, and benefits are air purification, energy saving and landscape view. The discount rate is applied at a minimum of 3% and a maximum of 5.5%. The unit used in this calculation is km/year. The result shows that the net benefit is highest in double row, followed by single row, double row+bottom, and single row+bottom. The BCR is the highest in double row, followed by single row, double row+bottom, and single row+bottom. The BCR reaches the break-even point from 9 to 17 years depending on the planting types.

• Journal of the Korean Institute of Landscape Architecture
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• v.33 no.3 s.110
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• pp.84-93
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• 2005

The purpose of this study is to analyze the economic feasibility of the construction of a new ecological park, based on the case of a plan in Yeongcheon City. For fulfilling the purpose of this study, questionnaire survey was conducted in Yeongcheon City. Based on the survey data, cost-benefit analysis is conducted. For this study, costs and benefits of the project are estimated. Then, using NPV, IRR, and B/C ratio criteria, cost-benefit analysis for this study is conducted. from the empirical cost-benefit analysis, NPV of the proposed project is estimated at 5,420 million Won, IRR is estimated at 12.16%, and B/C ratio is estimated at 1.44. Thus, it is found that the construction of a new ecological park in this area would be feasible from the economic point of view.

• Journal of the Korean Society for Library and Information Science
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• v.37 no.4
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• pp.53-68
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• 2003

This study is an attempt to re-examination of information value and it´s economic efficiency from the viewpoint of information science. This study focuses on the analysis of the considerable discussions about added value of information and cost-benefit analysis of information. This study shows that the researches of information value or value-added information have dealt with the effect of information use and the measuring information efficiency concerns cost-benefit analysis of information services. A case study on ‘the national digital library program’ is also demonstrated as a pilot model for the cost-benefit analysis of information services.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.494-496
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• 2013

Cost-Benefit Analysis (CBA) is a systematic optimization process that allows users to compare different alternatives and to determine if a project is a solid investment. Many state DOTs have included CBA in their pavement management systems (PMSs) to help allocate state funds for maintenance, rehabilitation, resurfacing, and reconstruction of pavements. In a typical CBA, each pavement type has an assigned weight factor which represents the level of importance of this pavement type. To conduct an accurate CBA, it is essential to select appropriate weight factors. Arbitrarily assigning weights factors to pavements can lead to biased and inaccurate funding allocation decisions. The purpose for this paper is to outline a method to develop an ideal set of weight factors that can be utilized to conduct more accurate CBA. To this end, a matrix of all possible weight factors sets was developed. CBA was conducted for each set of weight factors to obtain a population of possible optimization solutions. Then a regression analysis was performed to establish the relationship between benefit and weight factors. Finally, a multi-objective genetic algorithm was applied to select the optimal set of weight factors. The findings from this study can be used by state DOTs to strategically manage their roadway systems in a cost effective manner.