• Journal of Technology Innovation
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• v.28 no.3
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• pp.1-28
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• 2020

This study examines whether the firm with high innovation efficiency realizes high operating performance. We measured innovation efficiency by the ratio of patent applications for R&D expenditure or R&D stock and measured operating performance by the ratio of operating income or operating cash flow to total assets for the following year. The sample consists of 1,880 manufacturing firm-years, which listed on the Korean Exchange between 2014 and 2017. We analyze the effect of innovation efficiency on operating performance using a model of Hirshleifer et al. (2013) results show that both innovation efficiency variables have a significantly positive relationship with the total asset operating margin. Besides, the following year's performance, measured by the total asset operating cash flow ratio, also shows a positive relationship with the two innovation efficiency variables at the 5% and 1% significance levels, respectively. The results indicate that high innovation efficiency firms that link the outcomes of R&D to more patent applications realize higher operating performance. Also, we divided the R&D-intensive and non-R&D-intensive industries and performed the same analysis. As a result, the innovation efficiency has a significant positive effect on operating margin in both industries. However, the effect of innovation efficiency on the operating cash flow is only significant in R&D-intensive industries. This study suggests that the effects of innovation efficiency are more consistent in the R&D-intensive industry. Additionally, we divided the high patent application and low patent applications industries and performed the same analysis. As a result, the innovation efficiency has a significant positive effect on operating margin in both industries. This study suggests that the effects of innovation efficiency are more consistent in the high patent application industry. We show that a firm's innovation efficiency is a critical factor for a firm's performance, while prior studies on the R&D performance have not considered the innovation efficiency of each firm. The evidence suggests that firms not only consider R&D expenditures but also improve the performance of companies by increasing innovation efficiency. Investors need to consider their innovation efficiency when evaluating the value of firms.

• The Journal of the Korea Contents Association
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• v.13 no.6
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• pp.401-411
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• 2013

Selection of profitable research and development (R&D) projects is one of the major factors affecting sustained growth of firms and countries. This paper analyze what influences the knowledge on the business model exerted on selection of a R&D project. A business model converts the technology value to the customer value, and comprehensively describes the target customers for commercializing a new technology, core values, behaviors within organizations, resources, and external partners. Thus, understanding a business model would make R&D project evaluators place the feasibility and profitability of the business above the merits of the proposed technology in evaluating the technology development. To verify this hypothesis, we had 78 R&D project evaluators acquire the knowledge on the business model and measured how their criteria for R&D project selection have changed using the AHP method. The results shows that feasibility and profitability are more important than the merit of proposed technology, especially capability of company and business development are more important than the levels of technology innovation.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2015.11a
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• pp.430-443
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• 2015

신약개발은 국민의 건강권과 직결되며 국가 차원의 제약산업 육성을 위해 매우 중요하다. 그동안 신약개발 분야와 관련하여 다양한 연구가 수행되었지만, 신약개발 분야의 국가연구개발사업에 대한 효율성 분석은 매우 부족한 실정이다. 특히 R&D 분야는 연구개발시차, 일출효과(spill-over effect) 등으로 인해 투입과 산출의 일정한 방향성과 등비율적인 증감을 가정하는 CCR 모형이 적합하지 않다. 또한 가변규모수익을 가정하는 BCC 모형도 여유분(slack)으로 인해 의사결정단위간의 명확한 우선순위 도출이 어려운 한계점이 있다. 최근에는 R&D 분야의 특수성을 고려해서 자료포락분석 모형 중 RAM(Range Adjusted Measure) 모형을 활용한 분석방법이 제시되고 있다. RAM 모형은 가변규모수익 가정 하에 투입지향이나 산출지향처럼 방향성에 대한 사전적인 가정 없이 비효율성을 최대한 제거하는 방향으로 효율성을 측정하므로 R&D 분야의 효율성 분석에 적합하다. 특히 RAM 모형은 매우 강건한 단조성을 인해 의사결정단위 간 명확한 순위 구분도 용이하다. 따라서 본 연구에서는 자료포락분석 모형 중 RAM 모형과 토빗 회귀분석이 결합된 2단계 접근법을 활용해서 범부처전기신약개발사업을 중심으로 신약개발 분야의 국가연구개발사업들에 대한 효율성을 분석하고 주요 시사점들을 논의하였다.

• Proceedings of the Military Operations Research Society of Korea Conference
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• 2002.03a
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• pp.44-68
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• 2002

• Journal of Technology Innovation
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• v.3 no.1
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• pp.35-53
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• 1995

• Proceedings of the Korea Technology Innovation Society Conference
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• 2004.11a
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• pp.44-58
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• 2004

• Proceedings of the Korea Technology Innovation Society Conference
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• 2001.05a
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• pp.509-530
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• 2001

For the greenhouse 9as emissions' reduction of fossil fuel, the energy policy on the promotion of alternative energy should be implemented. Accordingly, national policies on the development and promotion of alternative energy were made, and related laws and regulations are being made, and comprehensive plans should be followed. The policies and strategies for promoting the renewable energy have been insufficient in comparison with those of the developed countries. This paper suggests the spread extension plan of renewable generation through generation development and priority purchase.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2001.05a
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• pp.547-553
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• 2001

A ideal Methodology is a technology that efficiently utilize outputs of research and development (R&D). "Liquid Metal Reactor Design. Technology Development" is under development in Korea Atomic Energy Research Institute (KAERI) as on of the Mid-Term and Long-Term Nuclear R&D by MOST. To upgrade the productivity of the R&D during long period, system type project have been accomplished within plant period through schedule management by phase, outputs auditing, sharing and constructing database.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2019.05a
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• pp.105-105
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• 2019

전세계적으로 스마트 항구 및 스마트 해상물류 시장의 패권을 장악하고자 EU, 싱가폴, 일본, 중국 등 범국가적으로 스마트 물류(해운, 내륙, 항공) 생태계 촉진을 위한 정책을 추진하고 있음, 이에 각 국의 스마트 해상물류 정책 동향과 향후 기술 개발 방향성을 전체적으로 조사하고 시사점을 공유하고, 특히, 네덜란드 로테르담 항만청와 로테르담 시는 전 세계 항만 시설 중에서도 체계적인 전략과 방법으로 혁신적 스마트 물류 시스템을 빠른 속도로 만들어 나가고 있기에 스마트 해상물류와 연관된 로테르담 항구의 혁신 (Innovation) 전략과 디지털화 (Digitalization)를 중심의 정책 현황과 ICT기술의 적용 전략과 주요 프로그램을 소개함.

• Journal of Korea Technology Innovation Society
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• v.19 no.4
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• pp.848-872
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• 2016

This study is an empirical analysis that makes a survey on the evaluation of innovation cluster. For this purpose, we explore a case of innovation cluster, the Pangyo Techno Valley. This survey applies a research frame and evaluation contents that the innovation performance which is the institutional, physical, and social configurations of innovation clusters. In particular, this empirical analysis identifies the configuration factors which are the rational influence factors of individual subjects, in order to foster innovation clusters from the case study of the Pangyo Techno Valley. We can suggest that innovation policy from the results of innovation performance by applied configuration factors for evaluation of innovation cluster in order to enhance and facilitate for innovation cluster. Also, this study can provide lessons for regional policy implementation and new cluster policy agenda in Korea.