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A Study on the Technology Evaluation of Development of New Variety of Citrus Unshiu

감귤 신품종(하양조생)개발의 기술가치의 평가

  • Ko, Seong-Bo (Dept. of Applied Economics in Jeju National University, Research Institute for Subtropical Agriculture and Animal Biotechnology & Sustainable Agriculture Research Institute)
  • 고성보 (제주대학교 산업응용경제학과.아열대농업생명과학연구소.친환경농업연구소)
  • Received : 2016.07.31
  • Accepted : 2016.08.11
  • Published : 2016.08.31

Abstract

This study evaluated the economic value of the development of a new variety of Citrus unshiu using the income approach, Net Present Value (NPV), Internal Rate of Return (IRR), and Benefit/Cost (B/C) ratio. The new variety of Citrus unshiu was developed by the national institute of horticultural and herbal science in Korea, rural development administration. The technological evaluation of the development of a new variety of Citrus unshiu can be used to improve the efficiency and practicality of the development of a new variety of citrus. From the research results, the technological value of development of a new variety of Citrus unshui was evaluated at 109,455(discount rate=8%, minimum), 195,040(discount rate=4%, maximum), and 145,375(discount rate=6%, average) million won. The IRR was 51.4%, which was greater than the discount rate(4~8%). The NPV was evaluated at 145.3 billion won(discount rate=6%, average), 195.0 billion won(discount rate=4%, maximum) and 109.4 billion won(discount rate=8%, minimum), all of which were greater than 0. The B/C ratio was evaluated at 60.9(discount rate=6%, average), 81.3(discount rate=4%, maximum) and 46.1(discount rate=8%, minimum), all of which were greater than 1. Therefore, the economic validity of the development of a new variety of Citrus unshiu was identified by this technological evaluation.

Keywords

Citrus Unshiu;IRR;NPV;B/C;New variety;Technology Evaluation

Acknowledgement

Supported by : 제주대학교

References

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