• Title/Summary/Keyword: project benefits

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A Survey of the Cost Benefit Analysis to R&D Projects of Selected Laboratories. (연구개발프로젝트의 비용효과분석 활용실태 - 주요 기업연구소의 조사결과를 중심으로 -)

  • 서현진
    • Journal of Technology Innovation
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    • v.6 no.2
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    • pp.208-237
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    • 1998
  • We are faced with the crisis of the R&D investment because of the effects of the IMF conditions. Most of the laboratories are going to restructure by the cutting off of money, man power and the reduction of R&D theme. Therefore it is necessary to allocate the R&D resources effectively to R&D projects. The evaluation and the selection of R&D projects have been recognized as the most important process for the allocation of the R&D resources. The result of the KITA(1997) shows that the commercial success rate of the R&D from new-product brain storming is only 5.8%. This study aims to analyze the actual conditions of the cost benefit analysis(CBA) of R&D projects of selected laboratories and to study measure methods of the R&D benefits. The research method of this study reviews the CBA of R&D firstly, and surveys 200 selected high ranking labs of R&D expenditures. For the comparison of the results between '87 and '97, this survey used the same questionary for each year. As the result of the survey only 27 labs(response rate 13.5%) responded. The result of the '97 survey is as follows : The CBA is used by 44% of responding labs. The economic evaluation method for the R&D project selection is used by 48% of labs and this numbers increased by over 10 percents points compared with the result of '87. The CBA is used for about 40% about each of the budget preparing and the budget analysis, and by 30% of labs to analyze sales and expenditures of the overall period of the project. As the measurement of benefits of R&D projects, 30% of labs responded that it is impossible to measure the benefits, and 20% of labs measured the benefits between sales and expenditures of R&D projects.

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Estimating Direct Effects of Economic Benefits on Aquatic Animal Disease Prevention Project in South Korea (수산생물방역사업에 대한 경제적 편익의 직접적 효과분석)

  • Cho, Mi Young;Jee, Bo Young;Park, Myoungy-Ae;Pyo, Heedong
    • Journal of Marine Life Science
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    • v.1 no.2
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    • pp.117-120
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    • 2016
  • The success or failure of aquaculture heavily depends on how effectively to manage aquatic animal diseases. The paper is to estimate the direct effects of economic benefits on aquatic animal disease prevention program using economic surplus analysis. The economic benefits include changes in consumer and producer surplus owing to a reduction effect of aquatic animal mortality and the consumption recovery effect. The annual changes in producer surplus for flounder, rockfish and others cultured is estimated as 2.33 billion won totally (0.87 billion won, 1.01 billion won and 0.45 billion won respectively) and the annual changes in consumer surplus 10.15 billion won totally (6.36 billion won, 1.85 billion won and 1.94 billion won respectively). Therefore, total annual economic benefit is 12.5 billion won.

Facilitating the Usage of Value Management Processes by Charactering Capital Facility Projects

  • Cha Hee Sung
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.2 s.18
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    • pp.144-152
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    • 2004
  • Defining value as a measure of how well the project value objectives are met, Value Management Process (VMP) is considered to be any management effort or process that can proactively pursue one or more project objectives (i.e., security/safety, cost effectiveness, schedule optimization, and risk containment). The collection of 44 VMPs has been established based on a rigorous effort conducted by Construction Industry Institute (CII). Because varying circumstances on each project determine the level of suitability, it is crucial to identify which VMP should be implemented on a particular project. The current VMP selection process is primarily based on human intuition. The main objective of this paper is to provide a systematic method to facilitate the usage of VMPs on a particular project. This paper identified and quantified the selection principles (i.e., targeted value objectives, timing of initiation, project characteristics, and relative impact). The data collected from industry practitioners and VMP experts characterized each VMP in terms of the magnitude of benefit. An automated selection tool by Visual Basic Application (VBA) on MS Excel TM, was developed and proved its validity. As a pioneering study, this paper provides a comprehensive and structured knowledge on the subject of VMPs. From the industry's perspective, the automated selection tool, the premier of this study, contributes the facilitation of the VMP implementations in the construction industry thereby maximizing the potential benefits to a particular project.

UTILITY-BASED PERFORMANCE MEASUREMENT SYSTEM (UBPMS) FOR COMPARISON OF CONSTRUCTION PROJECTS

  • Ki-Hyun Kim;Hee-Sung Cha;Ju-Yeoun Han;Il-Han Yu
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1509-1514
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    • 2009
  • CII BM&M(Benchmarking & Metrics) in USA and DTI(Department of Trade and Industry) in UK have built up systems that enable performance measuring and made the results of performance measurement comparable between projects to utilize them as benchmarking tools. By comparing the results of performance measurement, it is possible to grasp the success level of project management and to establish the direction of management. However, construction projects are much diversified and even those projects with the same work type have different attributes. Therefore, simply comparing the results of project performance measurement without considering the characteristics of projects is not justifiable and affects the reliability of the benchmarking results. Therefore, to solve this problem, this study presents a methodology that makes it possible to compare the individual construction projects considering various characteristics. The benefits and importance of project characteristics to overall project performance will be quantitatively expressed and they will be reflected on the results of performance management. By maximally converting multiple projects with different characteristics into the same projects through a new methodology to convert different projects into the same level utilizing such utility-bases and comparing the performances of those projects, project performance results can be utilized in project management as a tool for more accurate decision making and as a robust benchmarking tool.

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Measuring Benefits of Developing a Linear Park in the Gyeongin Expressway Downgrade Project by Applying CVM (CVM을 적용한 경인고속도로 일반화 및 선형공원 조성사업의 편익 측정)

  • Young Sook Eom;Sang Ke Kim
    • Environmental and Resource Economics Review
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    • v.32 no.4
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    • pp.239-266
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    • 2023
  • This study applied the contingent valuation method (CVM) to measure the benefits from an urban liner park that will be created as part of the Gyeongin Expressway downgrade project by Inchon metropolitan city government. The Incheon city government plans to create a liner park (10.5 km) in the middle of the downgraded road to provide leisure and recreation services to residents, and plans to remove retaining walls and soundproof walls to improve the urban residential environment. Considering the characteristics of a liner park that spans several districts in Incheon city and the downgraded road that will be passed by residents of nearby cities as well as Incheon residents, the target population included residents of part of Seoul and several cities surrounding Incheon. In a CVM survey of 1,000 respondents conducted in April 2018, about 70% of the respondents perceived this project positively. About 50% of 757 respondents, excluding protest bids respondents, were willing to pay additional taxes for this project. The more the respondents favored the creation of a linear park and the more they thought that this project would improve the surrounding residential environment, the more positively they evaluated the additional tax payment. The average annual willingness to pay for this project was about 15,300 won for Incheon residents and 6,800 won for residents of Seoul metropolitan area. It is interesting to observe that residents of Seoul metropolitan area, who are not directly affected by this project, were willing to pay a considerable amount for this project.

Development on Benefit Indicators of Economic Evaluation of Agricultural Irrigation and Drainage Project -A Case Study between Korea and Japan- (한국 농업 관개배수사업의 경제성 평가를 위한 지표 개발 -한국과 일본의 사례를 중심으로-)

  • Baek, Seung-Woo;Jeong, Ahn-Seong
    • Korean Journal of Organic Agriculture
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    • v.21 no.4
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    • pp.501-522
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    • 2013
  • This study has performed comparative analysis on benefit indicators in agricultural irrigation and drainage project cases between Korea and Japan. The irrigation and drainage project with publicity should do economic analysis of direct benefit factors as well as indirect benefit factors. However, traditional economic evaluations are used that benefit factors are lack of consistency and focused on direct benefits. Therefore, the purpose of this study was to develop indicators for the economic evaluation of irrigation and drainage projects. We conducted a case study between Korea and Japan. The resulting benefit factors was divided into direct factors and indirect factors. The direct benefit factors were increase in income, cost savings. The indirect benefit factors were protection of property due to flooding, agricultural promotion, aesthetic improvement. The implications of this study are that the indicators of economic analysis can be evaluated and easily applied. Moreover, these indicators could promote the feasibility of economic analysis.

Analysis on the submittal process for a small local environmental construction company: a case study (지역 소규모 환경건설회사의 제출/승인 절차 분석에 관한 사례 연구)

  • Lee, Do Gyun
    • Journal of Urban Science
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    • v.6 no.2
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    • pp.73-80
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    • 2017
  • A submittal, as a part of three main project management processes: production control, submittals and change orders, is the transmission of information from the subcontractor to the general contractor to the owner, architect, and structural engineer, for review and approval. The purpose of the submittal process is for submittals to be approved in order to start construction. This benefits the contractor by ensuring that the finished project will meet the expectations of the owner. This paper analyzed a case study regarding the submittal process for the local-based environmental construction company, which typically works as a subcontractor and may hire other subcontractors for additional work when applicable. The aim of this study was to roughly evaluate a project management process and understand the submittal process through the study of a case involving the local company.

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A Study on Collaborative e-Marketplaces for Trade (e마켓플레이스 간 협업을 통한 전자무역 모델에 대한 연구)

  • Park, Jae-Chon;Yang, Je-Min
    • International Commerce and Information Review
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    • v.7 no.2
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    • pp.115-137
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    • 2005
  • E-trade is important that SMEs can do international business with activity. However, SMEs are facing psychological and economic barriers to e-trade. Therefore, SMEs depend on intermediaries for e-trading. In this context, APEC carried out the APEC Global B2B Interoperability Project to promote e-trade and increase benefits for member countries from 2002 to 2004. Especially this project emphasizes a collaboration with e-marketplaces. It has significance in that it is a new model to help SMEs do international trade. This study analyzes the APEC project in terms of technology and business and evaluates the project as a collaborative business model.

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Knowledge-Based Model for Forecasting Percentage Progress Costs

  • Kim, Sang-Yong
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.5
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    • pp.518-527
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    • 2012
  • This study uses a hybrid estimation tool for effective cost data management of building projects, and develops a realistic cost estimation model. The method makes use of newly available information as the project progresses, and project cost and percentage progress are analyzed and used as inputs for the developed system. For model development, case-based reasoning (CBR) is proposed, as it enables complex nonlinear mapping. This study also investigates analytic hierarchy process (AHP) for weight generation and applies them to a real project case. Real case studies are used to demonstrate and validate the benefits of the proposed approach. By using this method, an evaluation of actual project performance can be developed that appropriately considers the natural variability of construction costs.

Evaluation of Project Manager's Leadership in Construction Projects;Based on LBDQ and Pilot Test (건설 현장소장의 리더십 평가 방안에 관한 연구;LBDQ 기법을 활용한 파일럿 테스트를 중심으로)

  • Gang, Ji-Sun;Kim, Han-Soo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.209-212
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    • 2007
  • Project managers' leadership in construction projects significantly influence project performance and outcomes. However, due to its conceptual and quantitative nature, leadership is a subject which is difficult to be evaluated or measured despite of the benefits of its measurement. The objective is this paper to apply the LBDQ technique in evaluating project managers' leadership and discuss outcomes through a pilot test.

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