• International Area Studies Review
• /
• v.17 no.4
• /
• pp.133-153
• /
• 2013

This study was to estimate the economic value of Gaecheon Arts Festival in Jinju, Korea. To measure the value of the festival, improved travel cost measurement that applied new weight concept from the Travel Cost Measurement(TCM) proposed by Peares(1972) was used. The total value was evaluated to approximately 2,270.057 billion KRW. The result showed that travel cost items affecting on economic value of the festival were transportation, food and beverage, shopping, accommodation, amusement and entrance fee in order. The effect of accommodation due to the visitors' surplus was small, due to day trip participation trend??. Because accommodation, shopping and entrance fee, therefore, directly affect the regional economy, it is necessary for festival planning party to develop the program for tourist accommodation and so forth. Finally, this study will contribute to the development of local festivals through the more objective, clear comparison and measurement of economic value between local festivals using improved travel cost estimation method.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.16 no.7
• /
• pp.4855-4862
• /
• 2015

This paper proposes low price power component measurement and record system for preventing electrical safety accident and supporting accident cause analysis by periodically monitoring and recording the operation status of electrical equipments. The proposed system was designed by mainly using parts to measure accurate power component but reduce cost. Especially, low cost and high effectiveness system implementation was possible by using MAXIM 78M6631 to calculate power components in the definition of IEEE Standard 1459-2010 related power quality. The measurement performance of the developed system is tested by using standard devices such as YOKOGAWA power analyzer WT1600. The test results showed that accuracy of the developed system is less than 0.5 % and the developed system is tested in a real area to verify the operation reliability and remote monitoring performance of the system over 6 months.

• Journal of the Korean Society for Aeronautical & Space Sciences
• /
• v.41 no.5
• /
• pp.422-428
• /
• 2013

Recently, many unmanned aerial vehicle (UAV) studies have focused on small UAVs, because they are cost effective and suitable in dangerous indoor environments where human entry is limited. Map building through distance measurement is a key technology for the autonomous flight of small UAVs. In many researches for unmanned systems, distance could be measured by using laser range finders or stereo vision sensors. Even though a laser range finder provides accurate distance measurements, it has a disadvantage of high cost. Calculating the distance using a stereo vision sensor is straightforward. However, the sensor is large and heavy, which is not suitable for small UAVs with limited payload. This paper suggests a low-cost distance measurement system using a laser pointer and a monocular vision sensor. A method to measure distance using the suggested system is explained and some experiments on map building are conducted with these distance measurements. The experimental results are compared to the actual data and the reliability of the suggested system is verified.

• Fire Science and Engineering
• /
• v.29 no.4
• /
• pp.81-88
• /
• 2015

A low-cost device using the light-extinction method was developed to measure the optical smoke density in various fire experiments in the present study. The relative measurement accuracy of low-cost device was evaluated through the comparison of optical density measured by a high-cost standard device consisting of He-Ne laser, photo detector and various optical components. The low-cost device was composed of laser module, photocell and acrylic board. From the experiments using a smoke generator can be easily adjusted the smoke concentration, it was found that the low-cost device could measure the smoke density within the range of ${\pm}10%$, compared to the standard device. In addition, the reliability of low-cost device was also confirmed in the experiment using a polyethylene flame. Finally, it is expected that the low-cost device developed with real-time measurement and simple installation for measuring the smoke density will be used instead of the high-cost standard device.

• Journal of Information Technology Applications and Management
• /
• v.15 no.3
• /
• pp.195-208
• /
• 2008

In an emergency management case, evaluating the economic value of information technology investments is a challenging problem due to the effects of decision making, uncertainty of disasters, and difficulty of measurements. Risk assessment and recovery process, one of the major functions in emergency management, consists of (1) measurement of damages or losses, (2) recovery planning, (3) reporting and approving budgets, (4) auctioning off recovery projects to constructors, and (5) construction for the recovery. Specifically and of our interest, measurement of damages or losses is often a costly and time-consuming process because the wide range of field surveys should be performed by a limited pool of trained agents. Managers, therefore, have to balance accuracy of the field survey against the total time to complete the survey. Using information technologies to support field survey and reporting has great potential to reduce errors and lowers the cost of the process. However, existing cost benefit analysis framework may be problematic to evaluate and justify the IT investment because the cost benefit analysis often include the long-run benefit of IT that is difficult to quantify and overlook the impact of managerial control upon the investment outcomes. Therefore, we present an alternative cost-centric control model that conservatively quantifies all cost savings to replace benefits in cost benefit analysis and incorporate the managerial control. The model provides a framework to examine how managerial decision making and uncertainty of disaster affect the economic value of IT investments. The current project in Emergency Agency in South Korea is introduced as a case to apply the cost-centric control model. Our work helps managers to better evaluate and justify IT-related investment alternatives in emergency management.

• Architectural research
• /
• v.7 no.1
• /
• pp.11-18
• /
• 2005

In today's building industry the emphasis has been geared more towards construction, thus building maintenance and life cycle have been neglected until now. A direct result of this neglect is the rapid aging of building, which leads to more cost-effective decision making methods for the prolongation of building life span. The following study is conducted in the area of Daegu and Seoul in order to develop the estimation analysis method of the annual operation cost of the Korean high-rise condominiums for the cost-effective decision making support through mathematical and statistical analyses including the present value and standardized measurement corrections. Based on the assumption that the life expectancy of the high rise condominium is 50 years, initial cost is ￦421,212/$m^2$, and a total sum of yearly operation cost during life expectancy is ￦2,154,499//$m^2$), yearly accumulated operation cost is shown as below: $AOC=0.7097t^4-38.803t^3+806.95t^2+11045t-496.52$ ($R^2=0.98$) (Here, AOC = Accumulated Operation Cost, t = given years)

• The Journal of Information Systems
• /
• v.14 no.2
• /
• pp.173-189
• /
• 2005

Recently, Korean software industry has enjoyed fast growth, thus phenomenon drew attention to the need for more precise and standardized cost estimation system for software development. However, many obstacles exist in achieving a more precise and universally applicable cost measurement. These obstacles include : (1) the intangible nature of intellectual efforts, (2) lack of cost standards, (3) lack of quantitative yardstick to determine the potential complication, (4) lack of both cost monitoring during development and coordinating between acquisition process and cost estimation. The purpose of this study is to facilitate software development cost estimation considering acquisition process that will meet korean user's needs, and to create better models that will be cost for software development particularly for Korean environment.

• Journal of Preventive Medicine and Public Health
• /
• v.22 no.3 s.27
• /
• pp.380-388
• /
• 1989

To evaluate the costs of the hypertension screening program of the Korea Medical Insurance Corporation, the records of the screening examinations were used. The sample size was 49,983 of the 906,554 people insured by the Corporation and was obtained by two-stage stratification random sampling. The alternatives for efficiency of the screening program, which were divided into three categories : modification of the screening test package, application of other hypertension diagnostic criteria, and selective approach of tested groups by age, were evaluated according to the cost per patient detected. The results of this study were as follows In the hypertension screening system, the cost per patient detected was Won 30,883. The most nonsensitive test for hypertension detection was ophthalmoscopy, which was examined during the second stage of screening. If the ophthalmoscope examination was excluded, olny one person was not detected, which was 0.2% of detected persons, and the cost per patient detected decreased to Won 28,098. The most efficient modification of the screening test package was measurement of blood pressure through the first and second stages of screening. The cost per patient detected by this modification was Won 24,408. The application of other diagnostic critera, which were more restricted criteria, increased the cost per patient detected by 3.7%-6.7%. The cost per patient detected were Won 170,582 for persons less than 39 years old, Won 20,032 for persons 40 to 59 years old, and Won 8,675 for persons 60 years old and over. In conclusion, the best alternative suggested with respect to efficiency and practical application excluded the ophthalmoscope examination of second stage screening and restricted the target population to persons greater than 40 years old. The application of this alternative decreased 54.9% of the screening costs and the cost per patient detected was Won 15,222. This study was limited in that measurement of effectivenes was not of the ultimate goal of screening, which is decreasing morbidity and mortality, but was of disease detection as the short-term objective.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.450-453
• /
• 2003

It is very important to examine and compare initial plan with earned value repeatedly in construction. For this purpose, progress measurement, which reflects the actual progress correctly, is required and it is necessary that accurate field data should be offered. To measure the progress, the entire project mutt be divided into unit works that have an accurate scope of work, and required information must be distributed to the all parties. Under the circumstances of domestic construction industry which focus on the specifications, progress measurement needs to reflect the information of schedule as well as cost that includes the quantity of unit work and construction expenses. Therefore this research proposes weighted method of progress measurement based on the information of cost and schedule.

• Journal of Advanced Navigation Technology
• /
• v.15 no.6
• /
• pp.977-985
• /
• 2011

Airborne separation assurance is a key requirement for Free Flight Airspace operations, This paper study the feasibility of airborne separation assurance for free flight Airspaces operations by evaluating the efficiency measurement models. Three qualitatively different methods are utilized; one based Ground and Air conflict probability model, other based Dynamic Density model. the other based Direct operating cost model. The evaluation is Direct Operating Cost model and Two metrics are utilized for the efficiency measurements; airborne separation assurance performed quite well in the Free Flight evaluation; (1) 2 scenario of the conflict situations are resolved; (2) The MD-80 flight peformed separation assurance and efficiency, Not only appling for geometric method algorithm is more efficiently than potential method, but also the most efficiently geometric combined method.