• Title/Summary/Keyword: Costs-effectiveness analysis

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A Study of Factors Influencing the Costs of Funding as a Function of Research Area and Financial Institutions (연구 분야 및 지원기관에 따른 연구비 영향 요인에 관한 연구)

  • Cheon, Young-Don;Kim, Dong-Guen;Lee, Yoon Been;Hwang, Ji-Ho;Kim, Yong Soo
    • Journal of Korean Society for Quality Management
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    • v.41 no.1
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    • pp.163-180
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    • 2013
  • Purpose: In this paper, we analyzed the factors that affect research grants using linear regression analysis in order to increase the effectiveness of investments in national research projects. Methods: We collected 15,454 pieces of data on research projects that finished between 2008 and 2010. Data preprocessing and visualization were done to derive statistically significant results. We identified factors that affected funding by using linear regression, and estimated increasing or decreasing tendencies based on those factors. Results: We identified the relative importance of the factors in awarding research grants. Strategies were suggested for the reasonable estimation of R&D budgets for investment purposes. Conclusion: This study will assist the decision-making process of governments in estimating funds required for R&D projects.

Assessment of Vehicle Safety Standard Requirements for New Micro-mobility Vehicle (초소형자동차의 자동차안전기준에 대한 효과분석)

  • Jang, Jeong Ah;Sim, Sojung
    • Transactions of the Korean Society of Automotive Engineers
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    • v.25 no.2
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    • pp.190-200
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    • 2017
  • In general, an assessment of the benefits and costs with regard to vehicle safety standards are validated before regulations are implemented. This paper performs this validation for the mandatory automobile safety devices requirement for new micro-mobility. The reviewed car safety standards involved the installation of seat belts, airbags, ABS, crash speed standards, and pedestrian warning system. The benefit was estimated as the cost of accident reduction due to the installation of vehicle safety standards. As a result, the safety belt showed a B / C of 4.0 or higher, and it was found that the seat belt should be installed from 2017. After the seatbelt regulation in 2017, the results of the scenarios with the airbag, ABS, crash speed of 40 km/h, and the pedestrian warning system showed B / C of 1.0 or more according to the year of regulation. This study can be useful as a tool in the decision-making process with regard to the timing and type of vehicle safety standards requirement of micro-mobility in the future.

Economic Evaluation of Air-side Economizer System for Data Center (데이터센터의 외기도입 냉방시스템 적용에 따른 경제성 평가)

  • Park, Seonghyun;Seo, Janghoo
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.26 no.4
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    • pp.145-150
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    • 2014
  • Many studies are being conducted with the aim of reducing the energy consumption in data centers, which are one of the highest consumers of energy. The use of an air-side economizer system that uses external air during intermediate and winter seasons is being considered for reducing the energy consumption of air conditioners. In this study, using the energy simulation, we evaluated the energy performance of a central chilled water cooling system and air-side economizer system in domestic data centers. Further, the cost-effectiveness of the air-side economizer was analyzed through Life-Cycle Cost Analysis. The results showed that with the use of air-side economizer systems, the energy costs increased as the applied filter grade increased; however, unlike existing central chilled water systems, it would break even within 2 years.

Performance assessment model for robot-based automated construction systems

  • Lee, Ung-Kyun;Yoo, Wi Sung;An, Sung-Hoon;Doh, Nakju;Cho, Hunhee;Jun, Changhyun;Kim, Taehoon;Lee, Young Hoon
    • Journal of the Korea Institute of Building Construction
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    • v.13 no.4
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    • pp.416-423
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    • 2013
  • An adjusted assessment model based on benefit-cost analysis (BCA) is proposed for evaluating the economic efficiency of automated construction technologies. In contrast to conventional BCA, the model does not compare monetary values, but the differences in benefits and costs between traditional and automated construction methods. To verify the usefulness of the model, it was applied to a real-scale building construction project that used a fully automated building construction system, and the face validity of the model was confirmed. The results indicate that the model can support decision makers in identifying valuable benefit factors and in assessing the cost effectiveness of the system.

Analysis Framework using Process Mining for Block Movement Process in Shipyards (조선 산업에서 프로세스 마이닝을 이용한 블록 이동 프로세스 분석 프레임워크 개발)

  • Lee, Dongha;Bae, Hyerim
    • Journal of Korean Institute of Industrial Engineers
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    • v.39 no.6
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    • pp.577-586
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    • 2013
  • In a shipyard, it is hard to predict block movement due to the uncertainty caused during the long period of shipbuilding operations. For this reason, block movement is rarely scheduled, while main operations such as assembly, outfitting and painting are scheduled properly. Nonetheless, the high operating costs of block movement compel task managers to attempt its management. To resolve this dilemma, this paper proposes a new block movement analysis framework consisting of the following operations: understanding the entire process, log clustering to obtain manageable processes, discovering the process model and detecting exceptional processes. The proposed framework applies fuzzy mining and trace clustering among the process mining technologies to find main process and define process models easily. We also propose additional methodologies including adjustment of the semantic expression level for process instances to obtain an interpretable process model, definition of each cluster's process model, detection of exceptional processes, and others. The effectiveness of the proposed framework was verified in a case study using real-world event logs generated from the Block Process Monitoring System (BPMS).

Economical Analysis of Cervical Disc Disease by Anterior Inter-body Fusion Methods - Comparing of Bone Graft vs Plating - (경추간판 탈출 환자의 전방 고정술에 따른 경제적 분석 - 골 이식법과 금속판 고정 병행술의 비교 -)

  • Gill, Seung-Bae;Lee, Sang-Youl;Heo, Seung-Ho;Jang, Yeun-Gyu
    • Journal of Korean Neurosurgical Society
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    • v.30 no.2
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    • pp.201-206
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    • 2001
  • Objective : The purpose of this study was to assess the complications, duration of admission, cost effectiveness, radiologic stabilization of the anterior cervical bone fusion in the treatment of cervical disc disease with and without plating. Materials and Methods : Fifty-two surgically treated patients for cervical disc disease were reviewed. Group I consisted of consecutive treated patients with iliac auto-bone graft without instrumentation after anterior cervical discectomy. Group II consisted of consecutive treated patients with iliac autologous-bone graft with CASPER cervical plate fixations. Radiologic fusion was decided when loss of end plate boundary between graft bone and vertebral body and immobile, maintenance of the disc space were evident on simple dynamic plain films. The patients were discharged after the stabilization of cervical motion by films was of tained. These groups were analysed multiple variably with Mann-Whitney U-test. Results : Group I consisted of 18 patients, group II consisted of 34 patients. Mean age was $49.0{\pm}8.1years$, mean duration of admission was $17.27{\pm}10.51days$, mean costs for treatment was $1,970,000{\pm}475,000won$. In group I, mean age was 47.7(34-60) years, 16 patients had undergo on one-level operation, 2-patients had undergo on two-level operation, mean duration of admission was $28.7{\pm}10.4days$, mean costs for treatment was $2,194,473{\pm}561,639won$. The periods of stabilization was $6.6{\pm}3.36weeks$ on radiologic study. Mean periods of out patient follow up was 16.8(6-64) weeks after discharge. Mean period of radiologic follow up was 17.3(4-6) weeks after surgical operation. In group II, mean age was 49.7(37-62) years and 18 patients one-level operation, 14- patients had undergo on two-level operation and 2-patients three-level operation. Mean duration of admission was $11.24{\pm}3.29days$, mean costs for treatment was $1,850,823{\pm}389,372won$. The periods of stabilization was $5.88{\pm}7.07weeks$ on radiologic study. Mean period of out patients follow up was 16.7(4-60) weeks after discharge. Mean period of radiologic follow up was 12.4(3-52) weeks after surgical operation. The duration of admission showed statistical significance in Group II but other items showed no significant difference between two groups. Conclusions : The more economic, early life return and effective method of cervical disc disease in our series were evident in patients who had undergone, iliac bone graft and plate fixations after anterior discectomy.

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Cost and Benefit of R&D Tax Concession Program in the Australian Government

  • Moon Yong-Eun;Yoon Joseph
    • Proceedings of the Korea Association of Information Systems Conference
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    • 2004.05a
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    • pp.175-201
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    • 2004
  • In industrialised countries, innovation is a key source of economic growth. Research is a key driver of technological innovation and involves the process of systematic investigation and/or experimentation to discover new knowledge. The Governments' industry innovation policy supports a business focus on Research and Development (R&D) through a range of programs in order to achieve these aims. The Innovation Statement (DISR 2000, 20010, launched by the Australian Prime Minister in January 2001, commits an additional $\$3$ billion over five years to encourage and support innovation. The Australian Government aims to build world competitive firms and strong research capability in industry to strengthen Australia's international competitiveness and increase national prosperity. It develops policies and programs to enhance investment in innovation. The Australian Government has establisher a number of R&D funding support programs aimed at increasing the level of R&D in Australia. The backbone of these programs is the tax concession program, which is made up of the 125 per cent R&D tax concession, the 175 per cent premium tax concession and the tax offset. Over 4000 businesses take advantage of the tax concession scheme, which costs the government around $\$400$ million a year. This cost is expected to rise to over half a billion by 2005-06 (Commonwealth of Australia, 2003). Ensuring these resources are invested where they provide significant national economic benefits is a major policy issue. In this sense, this paper looks at the appropriateness, effectiveness and efficiency of the R&D tax concession with costs and benefits analysis.

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A Methodology for Justification and Optimization of Countermeasures for Milk After a Nuclear Accident and Its Application (원자력 사고후 우유에 대한 비상대응의 정당화/최적화를 위한 방법론 및 적용연구)

  • Hwang, Won-Tae;Han, Moon-Hee;Kim, Eun-Han;Cho, Gyu-Seong
    • Journal of Radiation Protection and Research
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    • v.23 no.4
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    • pp.243-249
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    • 1998
  • The methodology for justification and optimization of the countermeasures related with contamination management of milk was designed based on the cost and benefit analysis. The application results were discussed for the deposition on August 15, when pasture is fully developed in Korean agricultural conditions. A dynamic food chain model DYNACON was used to estimate the time-dependent radioactivity of milk after the deposition. The considered countermeasures are (1) the ban of milk consumption (2) the substitution of clean fodder, which are effective in reducing the ingestion dose as well as simple and easy to carry out in the first year after the deposition. The total costs of the countermeasures were quantitatively estimated in terms of cost equivalent of doses and monetary costs. It is obvious that a fast reaction after the deposition is an important factor in cost effectiveness of the countermeasures. In most cases, the substitution of clean fodder was more effective countermeasure than the ban of consumption. A fast reaction after the deposition made longer justifiable/optimal duration of the countermeasure.

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A Study on Medical Costs for Patients with Vertigo Based on 2014 Health Insurance Review & Assessment Service-National Patients Sample Data (2014년 건강보험심사평가원 환자표본데이터 분석을 이용한 현훈환자의 의료비용에 관한 연구)

  • Kim, Bong Joo;Kang, Hyung Won;Kim, Nam-Kwen;Seo, Eun-Sung
    • Journal of Oriental Neuropsychiatry
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    • v.29 no.3
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    • pp.135-144
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    • 2018
  • Objectives: The purpose of this study was to analyze the medical cost for patients with vertigo and to examine associations between chronic vertigo and mental disorder using 2014 Health Insurance Review & Assessment Service-National Patients Sample (HIRA-NPS). Methods: We analyzed sociodemographic characteristics, medical cost and medical care use pattern for vertigo patients. We used hierarchical multiple logistic regression analysis to examine odds ratio between chronic vertigo and mental disorder. Results: A total of 46,502 people and 118,504 claims data were identified for vertigo cases. Characteristics of vertigo patients have significant differences on proportion of female patients (68.36%), patients' average age (54.98) and proportion of medical assistance (5.76%) compared with non-vertigo patients. Results revealed that Korean medicine are one of frequent methods among total treatments for vertigo patients. Total days of medical care and total costs are 2.78 days and 111,362 won, respectively, and days for outpatients in Korean medical care (mean: 2.26 days) are more than those (mean: 5.05 days) in Western medical care. There is significant difference relative to sex between acute vertigo and chronic vertigo. The odds ratio between chronic vertigo and mental disorder is estimated as 1.34, that means risk of becoming chronic is 34% higher for vertigo patients with mental disorder. Conclusions: This study assessed socio-demographic characteristics, medical care use and expenses related to vertigo, and estimated associations between chronic vertigo and mental disorder. Findings provide a basis for economic evaluation studies on vertigo patients and development of clinical practice guidelines for vertigo patients with mental disorder.

An Analysis of the Effect of Government Support on Automation and Smart Factory (자동화 및 스마트 공장 구축에 대한 정부 지원사업의 효과 분석)

  • Kang, Jung-Seok;Cho, Keun-Tae
    • Journal of Korea Technology Innovation Society
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    • v.21 no.2
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    • pp.738-766
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    • 2018
  • The purpose of this paper is to figures out the impact on the business performance based on the case studies about the establishment of automated smart factories supported by the government. In this study, the effectiveness of supporting business is verified by comparing supported company with non-supported ones using methods such as T-test and ANOVA. The PSM method was used to solve the selection bias issue between the experimental group and the controlled group. The research results have shown that the effect of the supporting business to the automated system was tenuous, and the amount of sales and research and development costs was increased after a certain schedule passed in case of the supporting project to the smart factory. There is some time lag to appear the effect of the government supporting businesses and the supporting business to the automated system leads to long term sales increase by increasing parameters like research and development costs rather than direct influence. Therefore, this research will be useful information for the process of establishing useful basic data and policies which helps to secure new budget Government Supporting Businesses and find ways improve the business.