• Title/Summary/Keyword: Benefit-Cost analysis

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Direction Reorganization of Public Health Center Functions through Analysis of Medical Service Status by Public Health Care Institutions (지역보건의료기관의 진료현황 분석을 통한 보건소 기능개편 방향)

  • Park, Sun Hee;Lee, Mee Sun;Oh, Yumi
    • Health Policy and Management
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    • v.32 no.1
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    • pp.3-13
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    • 2022
  • Health centers provided intensive health care services for local residents according to changes in the times and environment. Public health centers were given various roles such as medical treatment, administration, and service, and the demand for functional reorganization has emerged. We analyzed the literature on the functional restructuring of public health care institutions. In addition, the current status of medical services, which is the main function of institutions, will be analyzed through health insurance statistical data, and detailed contents will be analyzed according to regional types and income levels. As a result of the analysis of medical services at institutions, the total number of patients was 2,238,000, and the number of visits was 11,806 times. Total medical expenses were 169.6 billion won, of which 132 billion won was found to be benefit. When analyzing the number of patients per institution, public health centers had the largest number of 4,326, and the share of benefit was also the highest at public health centers. It should focus on the function of providing local health and medical services related to health promotion and disease prevention in the community. This functional reorganization of public health centers can contribute to forming cooperative relationships with private medical institutions in the local community. For this, first, to establish the role, essential functions for public health centers for preventive health management are established. Secondly, regular manpower expansion and flexible manpower management are required in the human resources sector. Finally, in the organizational sector, it is necessary to establish a step-by-step organizational system according to environmental changes.

A Study for Enhancing the Criterion of the Software Cost Estimation (소프트웨어 개발비 대가기준 개선에 관한 연구)

  • Kwon, Ki-Tae;Byun, Boon-Hee
    • The KIPS Transactions:PartD
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    • v.13D no.6 s.109
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    • pp.815-822
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    • 2006
  • It is very important that they accurately predict the software development cost in the early stage of a software development. Because cost estimations are required when bidding for a contract or determining whether a project is feasible in terms of a cost-benefit analysis. The criterions of the software cost estimation was set up to calculate software development cost more exactly, which is applied to made up a budget of the software business or to calculate a suitable cost to start the business in our country. However, as the software technology and environment are changing very rapidly, it need to enhance the criterion of the cost estimation continuously. Therefore, we tried to apply technology of software and a variety of factors of environment changes in present. Most of all, we proposed an introduction and readjustment of the adjustment factor applying 14 general system characteristics to improve the accuracy of the cost estimation and the schedule adjustment factor that is required by practicians. For evaluating the accuracy in terms of the real data, we have used MMRE & PRED. In result, we proved that the accuracy was clearly improved by applying the scale factor and readjusted VAF with 14 general system characteristics. Moreover, we evaluated the accuracy of the schedule adjustment factor.

Estimation of Operating Cost and Efficiency of the Introduction of Urban Subway (대중교통 운영비용계수 추정 및 도시철도 도입 효율성 검토)

  • Park, Jun-Sik;Oh, Dong-Kyu;Kho, Seung-Young
    • Journal of Korean Society of Transportation
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    • v.26 no.6
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    • pp.113-122
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    • 2008
  • This study extended Park et al.(2007c), which analyzed the efficiency of a hierarchical transit network, showed the result of a real data, and analyzed its applicability. Operating cost was estimated using a model which was established in this study, and minimum transit demand was derived from the operating cost. The minimum transit demand value is just a sample calculation, thus it varies by many inside and outside factors of the model. Looking at the inside of the model, operating cost and travel speed are major factors, and the possibility of introducing urban subway becomes high when the operating cost of the transit system is low and its travel speed is high. As far as the outside factors are concerned, according to the analysis on the network structure, transit demand, and transit mode share, the minimum transit demand value which was derived in this study will be the maximum value among the possible values. In the feasibility study, the benefit is likely to be overestimated and the cost is likely to be underestimated than those of this study. It could be concluded that the methodology of a feasibility study is appropriate in the field standard. This study analyzed the efficiency of introduction of urban subway using analytical approach, thus has many shortcomings and limitations. However the practical approach, like feasibility study, has some limitations as well. This study could be a basis on establishing an analysis framework that is more accurate and reasonable by comparing analytical approach and practical approach.

Study on Standard Framework for Analyzing Government R&D Program: the case of Preliminary Feasibility Study on R&D Program (국가연구개발사업의 사전 분석틀 표준화 연구: 연구개발 부문 예비타당성조사 표준지침을 중심으로)

  • Ahn, Sang-Jin;Kim, Hye-Won;Lee, Yoon Been
    • Journal of Korea Technology Innovation Society
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    • v.16 no.1
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    • pp.176-198
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    • 2013
  • Preliminary feasibility study(PFS) was introduced in 1999 by financial authority to encourage a cautious approach to new large-scale public investment project. As it applied cost-benefit analysis as prime measure for decision-making, various issues have been arisen concerning feasibility analysis on R&D programs. This work is intended to suggest standard approaches to be established in PFS on R&D program as follows: 1. The issue questions can be induced in a standard way by 15 representative questions and their correlation with evaluation criteria. 2. The analyzing strategy can be standardized by establishing standards for classification of R&D effects and R&D logic analysis.

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A Case Study on Investment Evaluation of Hadong T/P(Thermal Power) Port

  • Kim, Myoung-Hee;Lee, Ki-Hwan;Jang, Ji-Tae
    • Journal of Navigation and Port Research
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    • v.39 no.2
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    • pp.99-105
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    • 2015
  • Until recently, thermal power plants have used high-rank coals to generate electricity. The switched to low-rank coals, primarily because of the rising coal price and the advancement of combustion technology. Therefore the thermal power plants need more fuels aspect of quantity and they are going to build extra infrastructure to deal with the increased fuel demand in their specialized ports. This paper introduces the process of the economic analysis as a case study for Hadong T/P(Thermal Power) Port. This study also evaluates investment for mew projects in ports. We analyze the costs and benefits of the port investment project using various information. And then we conduct the economic analysis using NPV(net present value), B/C ratio and IRR grounded in a financial theory. Out result of the economic feasibility shows that the new project of constructing a third berth in Hadong T/P Port has positive economic value. Additionally, this study conducts the sensitivity analysis of the major variables like cost, benefit and discount rate.

Economical Analysis for the Integrated Watershed Sewage Works Program in the Sample Area (표본지역에서의 유역별 통합 하수도정비에 따른 경제적 효과 분석)

  • Yoon, Hyun-Sik;Kim, Duk-Jin;Lee, kwan-Yong
    • Journal of Korean Society of Water and Wastewater
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    • v.26 no.4
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    • pp.565-578
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    • 2012
  • Integrated watershed sewage works program(IWSWP) is defined as implementing, by one of local governments or central government, sewage facilities planning, installation and management for a certain watershed in which criteria of water quality is established and two or more local governments are involved. It is shown that IWSWP is more efficient for the improvement of water quality of water body than conventional local sewage works program(CLSWP) and besides, economical benefits can be achieved by integration of facilities and M&O. In this research, case study for 8 watershed area were investigated to evaluate the difference of effect between IWSWP and CLSWP. The research shows that IWSWP has the money saving result of approximately 12 % by cost reduction for sewage works investment. B/C analysis result shows that B/C ratio of IWSWP was 1.749 and it is higher than B/C ratio of 1.439 for CLSWP. At the same time, the B/C sensitivity analysis is carried out for the rate of discount and the recreational use benefit.

An Economic Analysis on Fishing in the Cultivating Fishery by Embankment (축제식 양식어장 유어낚시터 운영 경제성 분석)

  • Lee, Sang-Go;Shin, Yong-Min
    • Journal of Fisheries and Marine Sciences Education
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    • v.20 no.3
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    • pp.429-441
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    • 2008
  • The purpose of this study aims at analyzing the profit from manage a fishing place in the cultivating fishery by embankment. With the spread of the living pattern laying stress on the quality of life and the introduction of a 5-day workweek system, demand for tourism and leisure are increasing steadily and available time for them is getting longer. However, those newly-increasing demands for tourism and leisure will have a tendency of focusing on adventurous and experiential activities. From the point of view, it is needed to develop something new that can meet those kinds of demands for an experiential tourism and activity, particularly based on the cultivating fishery by embark a bay. Marine recreational fishing is one of the most popular outdoor leisures and the number of people who are participating is sharply increasing more and more because of the increasement of their income and demand for marine leisure. In this regard, this paper is focused on the economic analysis a fishing place in the cultivating fishery by embankment. According to the analysis result, the cultivating fishery by embankment is a profitable business operating fishing place in their place.

An Analysis on Economic Effectiveness of Environment Improvement Project in Oil Spill Damaged Fishing Grounds (유류피해지역 어장환경 개선사업의 경제적 효과 분석)

  • KIM, Hong-Sik;JEON, Hyoung-Joo;KIM, Do-Hoon
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.6
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    • pp.1781-1791
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    • 2016
  • This study aimed to analyze the economic effectiveness on environment improvement project that has been implemented in five fishing grounds of Taean-gun which had been damaged by the Hebei Spirit oil spill accident. In the analysis, first, this study performed the survey on residents perceptions about the environment improvement project. Second, the cost-benefit analysis was carried out to evaluate the economic effectiveness of the project. The survey results of residents perceptions indicated that the damage of oil spill was considerable in the target areas. It also showed that residents wanted to continue the environment improvement project and the levels of project satisfaction were quitely high. The economic results showed that 3 areas(Woong-do, Wang-san, and Dang-mi) would have positive values of NPV and B/C ratio, but the other(Nu-dong) would have negative values. The findings of this analysis could be used as the base data for increasing operational efficiency of future environment improvement projects.

Reassessment of Economic Feasibility for a Wind Farm on Jeju Island Considering Variable Jeju SMP (변동 제주 SMP를 적용한 제주도 육상풍력단지의 경제성 재평가)

  • Kim, Hyo-Jeong;Ko, Kyung-Nam;Huh, Jong-Chul
    • Journal of the Korean Solar Energy Society
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    • v.33 no.5
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    • pp.41-50
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    • 2013
  • Economic feasibility study using weighted average variable Jeju System Marginal Price, SMP, was conducted for Gasiri wind farm of Jeju Island. To predict the variable Jeju SMP, generator share ratio for SMP was calculated from the real time wind power production and the power demand data for years. Also, sensitivity analysis on Net Present Value, NPV, and Benefit/Cost Ratio, B/C ratio, were performed to clarify which factors are more important in assessing economic feasibility. The result shows that the Gasiri wind farm has a minimum of 110 billion won and a maximum of 132 billion won difference between fixed and variable SMP. Also, Capacity Factor, C.F., had the highest sensitivity for NPV, followed by SMP. Accordingly, when economic analysis for a potential wind farm site is carried out, the variable SMP as well as C.F. should be considered for more accurate assessment of the wind farm.

Reclaiming Multifaceted Financial Risk Information from Correlated Cash Flows under Uncertainty

  • Byung-Cheol Kim;Euysup Shim;Seong Jin Kim
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.602-607
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    • 2013
  • Financial risks associated with capital investments are often measured with different feasibility indicators such as the net present value (NPV), the internal rate of return (IRR), the payback period (PBP), and the benefit-cost ratio (BCR). This paper aims at demonstrating practical applications of probabilistic feasibility analysis techniques for an integrated feasibility evaluation of the IRR and PBP. The IRR and PBP are concurrently analyzed in order to measure the profitability and liquidity, respectively, of a cash flow. The cash flow data of a real wind turbine project is used in the study. The presented approach consists of two phases. First, two newly reported analysis techniques are used to carry out a series of what-if analyses for the IRR and PBP. Second, the relationship between the IRR and PBP is identified using Monte Carlo simulation. The results demonstrate that the integrated feasibility evaluation of stochastic cash flows becomes a more viable option with the aide of newly developed probabilistic analysis techniques. It is also shown that the relationship between the IRR and PBP for the wind turbine project can be used as a predictive model for the actual IRR at the end of the service life based on the actual PBP of the project early in the service life.

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