• Journal of Korean Academy of Nursing
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• v.41 no.6
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• pp.750-757
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• 2011

Purpose: Cost-benefit analysis is one of the most commonly used economic evaluation methods, which helps to inform the economic value of a program to decision makers. However, the selection of a correct benefit estimation method remains critical for accurate cost-benefit analysis. This paper compared benefit estimations among three different benefit estimation models. Methods: Data from community-based chronic hypertension management programs in a city in South Korea were used. Three different benefit estimation methods were compared. The first was a standard deterministic estimation model; second, a repeated-measures deterministic estimation model; and third, a transitional probability estimation model. Results: The estimated net benefit of the three different methods were $1,273.01, $-3,749.42, and $-5,122.55 respectively. Conclusion: The transitional probability estimation model showed the most correct and realistic benefit estimation, as it traced possible paths of changing status between time points and it accounted for both positive and negative benefits.

• Journal of Korean Academy of Nursing
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• v.34 no.1
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• pp.191-201
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• 2004

Purpose: This study aimed to evaluate economic viability of public health center visiting nurse services for the low-income elderly with long-term care needs. Method: The sample consisted of 252 community dwelling elderly who enrolled in public health center visiting nurse services for three months or more. Data was collected on physical (ADL and IADL) and cognitive impairments of the elderly, contents and frequency of visiting nurse services, cost per visit, and costs of alternative services for long-term care. Result: The mean score of ADL and IADL levels of the elderly was 2.80.4904, which indicated these patients were mostly independent. Eighty four percent of the elderly subjects were cognitively intact. Among visiting nurse services supplied, providing assessment was 34%, followed by education and counseling 26%, medication 22%, and referral. The mean cost per visit was 17,824.1 won, which transformed into a total cost per person per year of 161,130.2 won. Comparing the cost of a visiting nurse service with those of other long-term care alternatives, the visiting nurse service was the least costly alternative, followed by an outpatient clinic, hospital based home care, and nursing home. Conclusion: Overall, the results of the study provide evidence of the economic viability of visiting nurse services for the low-income elderly among long-term care alternatives.

• Journal of Ocean Engineering and Technology
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• v.34 no.5
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• pp.342-350
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• 2020

In this study, a hydrate inhibition system is investigated for shallow water gas fields. Mono-ethylene glycol (MEG) injection has been used as a typical method for inhibiting hydrate formation in gas fields; therefore, most offshore platforms are equipped with MEG injection and regeneration processes. A recent application of a kinetic hydrate inhibitor (KHI) has reduced the total volume of MEG injection and hence reduce the operating cost. Experiments are designed and performed to evaluate and verify the KHI performance for inhibiting hydrate formation under shallow water conditions. However, the shut-in and restart operation may require the injection and regeneration of MEG. For this operation, the MEG concentration must be optimized while considering the cost of MEG regeneration. The obtained results suggest that decreasing MEG concentration from 80 wt% to 70 wt% can reduce the life cycle cost (LCC) of MEG regeneration process by approximately 5.98 million USD owing to reduced distillation column cost. These results suggest that the hydrate inhibition system must be evaluated through well-designed experiments and process simulations involving LCC analysis.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.60 no.5
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• pp.905-912
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• 2011

In this paper, the method on calculating benefits of combined heat and power is introduced for standard evaluation in electrical power system. This paper calculates benefits about new national viewpoint and viewpoint of independent power producers and assesses benefits of combined heat and power in Korea and In Seoul national capital area. Benefit costs are composed of avoid cost of centralized generation, line upgrading adjustment, loss adjustment and electrical power trade cost per year in earlier study, in addition trade cost of $CO_2$, construction cost of combined heat and power for accurate calculation. Benefit of combined heat and power is calculated by simulation results of real electrical power system.

• Journal of Korea Multimedia Society
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• v.10 no.1
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• pp.13-25
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• 2007

A cache is used for optimization of query forwarding in the Grid database. To decrease network transmission cost, frequently used data is cached from meta database. Existing cache management method has a unbalanced resource problem, because it doesn't manage replicated data in each node. Also, it increases network cost by cache misses. In the case of data modification, if cache is not updated, queries can be transferred to wrong nodes and it can be occurred others nodes which have same cache. Therefore, it is necessary to solve the problems of existing method that are using unbalanced resource of replica and increasing network cost by cache misses. In this paper, cache management method for query forwarding optimization is proposed. The proposed method manages caches through cache manager. To optimize query forwarding, the cache manager makes caching data from lower loaded replicated node. The query processing cost and the network cost will decrease for the reducing of wrong query forwarding. The performance evaluation shows that proposed method performs better than the existing method.

• Journal of KIISE:Software and Applications
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• v.30 no.3_4
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• pp.308-315
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• 2003

This paper proposes an approach integrating multiple segmentation methods in a systematic way, which can improve overall accuracy without deteriorating accuracy of highly confident segments of boundaries generated by constituent methods. A segmentation method produces boundary segments, which are then evaluated with an evaluation function considering pros/cons of the current and next methods to apply. Boundary segments with low confidence are replaced by a next method while the other segments are kept. These steps are repeated until all segmentation methods are applied. The proposed approach is implemented for the segmentation of muscles in the Visible Human color images. A Balloon method, a minimum cost path finding method, and a Seeded Region Growing method are integrated. The final segmentation results showed improvements in both overall evaluation and segment-based evaluation.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.57 no.3
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• pp.369-374
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• 2008

This paper presents the evaluation procedures and the estimation method for the estimation of optimal rebate level for EE(Energy Efficiency) programs. The penetration amount of each appliance is estimated by applying price function to preferred diffusion model resulted from model compatibility test. To estimate the optimal rebate level, two objective functions which express the maximum energy saving and operation benefit are introduced and by multi-objective function which can simultaneously consider two objective functions the optimal rebate level of each appliance is estimated. And then, using the decided rebate level and each penetration amount, the priority order for reasonable investment of each high-efficiency appliance is estimated compared to the results of conventional method. Finally, using a benefit/cost analysis based on California standard practice manual, the economic analysis is implemented for the four perspectives such as participant, ratepayer impact measure, program administrator cost and total resource cost.

• The Journal of Fisheries Business Administration
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• v.39 no.1
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• pp.63-85
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• 2008

The objective of this study is to review the methodology of economic analysis of fishing ports by examining the economical feasibilities of a national fishing port (Jeongja Port) in Ulsan. This study utilized market value evaluation method to measure the benefits and costs related to the development of ports. The benefit variables are income effects resulting from the developments while the cost variables are sum of construction costs and maintenance costs. The income effects are measured in two ways: (1) income from individual project resulting from the developments, (2) the income effects by utilizing investment multipliers. The results shows that the BC ratio (Benefits/Costs) of Jeongja port by using (1) income from individual project resulting from the developments was 1.07 while the BC ratio by using (2) the income effects by utilizing investment multipliers was 1.10 due to a relative short period of useful life for investment multipliers. However, the income variable utilizing investment multipliers is more sensitive to the period of duration than the income variable from individual project.

• The Transactions of the Korean Institute of Electrical Engineers A
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• v.51 no.9
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• pp.425-432
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• 2002

This Paper illustrates a method for evaluating nodal probabilistic production cost using the CMELDC. A new method for constructing CMELDC(CoMposite Power System Equivalent Load Duration Curve) has been developed by authors. The CMELDC can be obtained by convolution integral processing between the probability distribution functions of the fictitious generators outage capacity and the load duration curves at each load point. In general, if complex operating conditions are involved and/or the number of severe events is relatively large, Monte Carlo methods are more efficient. Because of that reason, Monte Carlo Methods are applied for the construction of CMELDC in this study. And IEEE-RTS 24 buses model is used as our case study with satisfactory results.

• 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.