• Title/Summary/Keyword: economic efficiency evaluation

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A Study on the Evaluation of the Efficiency in the Costs of the Remodeling (개보수 대상 건물의 비용 측면에서의 효율성 평가에 관한 연구 - 바닥 마감재를 중심으로 -)

  • Kim, Sang-Yong;Jung, Byung-Woo;Kang, Kyung-In
    • Journal of the Korea Institute of Building Construction
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    • v.3 no.4
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    • pp.129-134
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    • 2003
  • The purpose of this study is to evaluate efficiency by the Life Cycle Cost(LCC) analysis of floor covering materials for remodeling. This study has been performed as a case study. The LCC analysis is a technique which takes account into both initial-future costs and benefits of an investment over some period of time. LCC is important in commercial decision making because it provides improved assessment of the living-term cost effectiveness of construction projects as well as alternative economic methods that focus on initial costs. For LCC analysis and comparison, the present value technique is used. The results of this study are summarized as follows; (1) A LCC analysis model of floor covering materials is suggested through a case study (2) As a result of LCC case study, the type of sheet is analysed more economical than that of tile in floor covering materials.

Economic Evaluation through Thermal Efficiency Elevation in Hot Air Drying Tower (열풍건조로의 열효율 향상을 위한 개선방안 연구)

  • Kim, Dong-Kyu;Kum, Jong-Soo;Kim, Jong-Ryeol;Kim, Sang-Jin;Chung, Yong-Hyun;Kim, Dong-Kyu;Kong, Ki-Bong
    • Journal of Fisheries and Marine Sciences Education
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    • v.20 no.3
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    • pp.500-507
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    • 2008
  • Hot air drying is a method that let moistures evaporate by heat exchange between heating air and dry target. This way is dominating more than about 70% of dryers that the use extent is wide fairly, and is established in domestic than dryer that use conduction or radiation etc. Most of research about drying had been emphasized in size of device through analysis for these dry phenomenon plain, heating topology, and aspect of form and so on by dry target's special quality, and research about device development or waste heat withdrawal technology in energy utilization efficiency side is slight real condition. Therefore, in this study, Investigated numerically about thermal efficiency elevation that is leaned against as that change the temperature of inlet and outlet in heat exchanger of the hot air drying tower.

Comparative Analysis for Real-Estate Price Index Prediction Models using Machine Learning Algorithms: LIME's Interpretability Evaluation (기계학습 알고리즘을 활용한 지역 별 아파트 실거래가격지수 예측모델 비교: LIME 해석력 검증)

  • Jo, Bo-Geun;Park, Kyung-Bae;Ha, Sung-Ho
    • The Journal of Information Systems
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    • v.29 no.3
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    • pp.119-144
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    • 2020
  • Purpose Real estate usually takes charge of the highest proportion of physical properties which individual, organizations, and government hold and instability of real estate market affects the economic condition seriously for each economic subject. Consequently, practices for predicting the real estate market have attention for various reasons, such as financial investment, administrative convenience, and wealth management. Additionally, development of machine learning algorithms and computing hardware enhances the expectation for more precise and useful prediction models in real estate market. Design/methodology/approach In response to the demand, this paper aims to provide a framework for forecasting the real estate market with machine learning algorithms. The framework consists of demonstrating the prediction efficiency of each machine learning algorithm, interpreting the interior feature effects of prediction model with a state-of-art algorithm, LIME(Local Interpretable Model-agnostic Explanation), and comparing the results in different cities. Findings This research could not only enhance the academic base for information system and real estate fields, but also resolve information asymmetry on real estate market among economic subjects. This research revealed that macroeconomic indicators, real estate-related indicators, and Google Trends search indexes can predict real-estate prices quite well.

Economic Evaluation of a Workplace Occupational Health Nursing Service: Based on Comparison with Atmospheric Environment Managing Engineer (사업장 내 간호사 활동의 경제성 분석: 간호사와 대기환경관리기사 비교를 통하여)

  • Jung, Hye-Sun;Lee, Bokim
    • Journal of Korean Academy of Nursing
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    • v.43 no.4
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    • pp.507-516
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    • 2013
  • Purpose: The purpose of this study was to use cost-benefit analysis of activity to clarify the economic effect of prepared nurses versus atmospheric environment managing engineers as healthcare managers. Methods: For the study 111 workplaces were surveyed, workplaces in which nurses or atmospheric environment managing engineers were employed as healthcare managers. The survey content included annual gross salaries, participation in external job training, costs in joining association covered by the company, location and year of construction of the healthcare office, various kinds of healthcare expenditures, costs in operating healthcare office, health education, and activity performance in the work of environment management. Results: In the case of the healthcare manager being a nurse, benefit was larger than input costs at a ratio of 2.31. On the other hand, in the case of healthcare manager being an atmospheric environment managing engineer, input costs were larger than benefits (benefit-cost ratio 0.88). Conclusion: Results indicate that nurses are an effective healthcare human resource and can offer good quality healthcare service. Therefore companies should hire nurses and actively promote the economic efficiency of nurses in workplace.

Feasibility Study on Retrofitting Lighting and Heat Source Equipments in Office Buildings (사무소건물 조명기기와 열원기기의 고효율기기로의 교체에 관한 경제성 검토)

  • Lee, Chul-goo;Kim, Jong-dae;Im, Tae-soon
    • Journal of the Korean Society for Geothermal and Hydrothermal Energy
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    • v.12 no.2
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    • pp.13-18
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    • 2016
  • Energy saving has been main concern, thus government supporting policies which are based on Fundamentals of Low-carbon Green Growth Act', 'Green Building Support Act, have been prepared in Korea. The objective of this study is to estimate energy conservation effectiveness and economic advantage assuming that lighting equipments and heat source equipments would be retrofitted. Office building, which has total floor area of $30,000m^2$, was a subject of this study. From the estimations, electric rate will be decreased by 62,886,000 won per year due to lighting equipments retrofit, and gas rate will be decreased 11,141,000 won or 17,332,000 won per year due to heat source equipments retrofit (in case of COP 1.2 or 1.5). Payback period of each case that are calculated by energy saving cost and retrofit cost are estimated 27.9 year, 38.6 year and 29.2 year, thus economic supporting policies is necessary for effective energy saving in buildings. Meanwhile payback period of heat source equipment for new building is estimated 6.1 year and 8.3 year.

Information & Analytical Support of Innovation Processes Management Efficience Estimations at the Regional Level

  • Omelyanenko, Vitaliy;Pidorycheva, Iryna;Voronenko, Viacheslav;Andrusiak, Nataliia;Omelianenko, Olena;Fyliuk, Halyna;Matkovskyi, Petro;Kosmidailo, Inna
    • International Journal of Computer Science & Network Security
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    • v.22 no.6
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    • pp.400-407
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    • 2022
  • Innovations significantly affect the efficiency of the socioeconomic systems of the regions, acting as a system-forming element of their development. Modern models of economic development also consider innovation activity, intellectual potential, knowledge as the basic factors for stimulating the economic growth of the region. The purpose of the study is to develop methodological foundations for evaluating the effectiveness of a regional innovation system based on a multidimensional analysis of its effects. To further study the effectiveness of RIS, we have used one of the methods of multidimensional statistical analysis - canonical analysis. The next approach allows adding another important requirement to the methodological provision of evaluation of the level of innovation development of industries and regions, namely - the time factor, the formalization of which is realized in autoregressive dynamic economic and mathematical models and can be used in our research. Multidimensional Statistical Analysis for RIS effectiveness estimation was used to model RIS by typological regression. Based on it, multiple regression models were built in groups of regions with low and relatively high innovation potential. To solve the methodological problem of RIS research, we can also use the approach to the system as a "box" with inputs and outputs.

A Study on the Evaluation Criteria and Its Weight of Port Competition (항만경쟁력의 평가기준과 이의 가중치에 관한 연구)

    • Journal of Korean Port Research
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    • v.12 no.1
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    • pp.25-33
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    • 1998
  • The evaluation of port competition could be applied to determining the selection of a calling port. A few fundemental attributes of port competition were adapted by the 'brain storming' method. The criteria used for evaluating a port's competitiveness were as follows: efficiency of port operations, competitive power of each port's industry, economic activity of the hinderland associated with each port and capability of globalization. The weight of each criterion was 30%, 40%, 20% & 10%, respectively. And the most important factors that were considered in choosing each of the above criteria were profitability, port information system, cargo volume & inducement of foreign capital. The results of this study seemed to suggest that factors which influence port competition varied according to port circumstances, such as computer and communication systems and access to the global trade within the World Trade Organization

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Development of VE/LCC Evaluation Model for Railway Route Selection (최적 철도 노선 선정을 위한 VE/LCC 평가 모델 개발)

  • 이동욱;이태식
    • Journal of the Korean Society for Railway
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    • v.7 no.3
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    • pp.215-222
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    • 2004
  • Optimal route selection of railway should take consideration of the function of the railway, topography, practicability of construction and management as well as the cost. This study performed the surveys for experts and surrounding industries and the review for the bid guidelines in order to develop the quality model with the AHP method and establish the weight for each factor. Six quality models were developed for such as the efficiency of railway operation, structure design and practicability, economic feasibility, correspondence with other plans, civil appeal and environmental sustainability, and correspondence with system. The detailed evaluation elements were also derived by each factors.

A Study on the Government's Investment Priorities for Building a Supercomputer Joint Utilization System

  • Hyungwook Shim;Jaegyoon Hahm
    • Asian Journal of Innovation and Policy
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    • v.12 no.2
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    • pp.200-215
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    • 2023
  • The purpose of this paper is to analyze the Korean government's investment priorities for the establishment of a supercomputer joint utilization system using AHP. The AHP model was designed as a two-layered structure consisting of two areas of specialized infrastructure, a one-stop joint utilization system service, and four evaluation items for detailed tasks. For the weight of each evaluation item, a cost efficiency index considering the annual budget was developed for the first time and applied to the weight calculation process. AHP analysis conducted a survey targeting supercomputer experts and derived priorities with 22 data that had completed reliability verification. As a result of the analysis, the government's investment priority was high in the order of dividing infrastructure for each Specialized Center and building resources in stages. In the future, the analysis results will be used to select economic promotion plans and prepare strategies for the establishment of the government's supercomputer joint utilization system.

Economic Assessments of Hormonal and Nutritional Treatments for Improvement of Awassi Sheep Production in Jordan

  • Nasr, R.E.;Haddad, S.G.;Al-Karablieh, E.K.
    • Asian-Australasian Journal of Animal Sciences
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    • v.15 no.8
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    • pp.1110-1114
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    • 2002
  • The animal production sector in Jordan is characterized by shortages of locally produced feedstuffs derived from rangeland, forage plants or from human food crops as by products. This is exacerbated by insufficient rainfall, overgrazing, early grazing and high stocking rate. Thus, subject to these constraints, other technological improvements are highly desirable to meet the needs of crop growth and animal production. Alternative adapted technologies are also desirable in order to meet the increased demand for red meat in relation to population growth along with the changes in the price subsidy for feedstuff. The technologies are those, which have been introduced to the animal production sector, obtained in agricultural research stations besides on-farm demonstrations. They include technologies suited for increasing birth and twining rates, synchronizing the mating period, introducing the early weaning method, and animal feed and sheep production. Economic assessments conducted in this study demonstrate promising results of hormonal and nutritional practices in improving production efficiency of Awassi sheep in Jordan. Jordanian published data between 1991 and 1998 were used. The examined practices were: 1) use of PMSG in estrus synchronization in ewes, 2) introduction of early lamb weaning program, 3) supplementation with $AD_3E$ for ewes and 4) the use of agro-industrial feed block as a feed supplement for grazing lambs. Production data were then subjected to partial budgeting for economical evaluation. The use of PMSG outperformed the control groups in fertility and net returns per ewe by US$ 8.36/ewe. The early weaning of lambs increased the net returns by US$ 3.90/lamb. The injection with vitamin $AD_3E$ showed an average additional net return of US$ 5.66/ewe. Feeding agriculture by-product blocks improved weight gain in the feed block groups and resulted in additional net returns of US$ 3.5/lamb. The economic viability and reproductive performance indicators demonstrate that efforts should be undertaken to disseminate these new practices in the development program.