• Title/Summary/Keyword: Economic Performance Measurement

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Incorporating Ex-Ante Risk in Evaluating Public R&D Programs: A Counterfactual Analysis of the Korean Case

  • Kim, So Young
    • STI Policy Review
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    • v.4 no.2
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    • pp.41-54
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    • 2013
  • R&D is inherently an uncertain endeavor, yet now more than ever those performing R&D with public funding are called upon to clarify the utility of their research. Calls for public accountability are mounting with the increase in constraints on government budgets due to the recent worldwide economic recession, in response to which both policymakers and researchers pay much more attention to rigorously assessing publicly funded R&D. A key issue complicating R&D evaluation in these circumstances is how to adequately account for the nature and degree of risk involved in a given R&D program or project. This study deliberates on certain issues involving the measurement of ex-ante risk in public R&D evaluation: (i) information asymmetry between R&D sponsors and performers, (ii) ambiguity in the measurement of returns in both prospective and retrospective evaluation, and (iii) the dilemma between measurement error and omitted variable bias for empirical estimation of R&D performance. The study then presents an analysis of hypothetical evaluation results that apply risk-relevant weights to the annual evaluation outcomes of South Korea's national R&D programs funded during 2006~2012. In this counterfactual re-evaluation of public R&D program performance, high-risk R&D programs turn out to receive higher evaluation than non-high-risk programs. The current study suggests that R&D evaluation ignoring ex-ante risk is not only conceptually invalid since R&D activities are intrinsically uncertain endeavors, but unfair as R&D performers are asked to be accountable for the results that were in fact out of their reach.

Identification of Critical Elements in Water Distribution Networks using Resilience Index Measurement

  • Marlim, Malvin Samuel;Jeong, Gimoon;Kang, Doosun
    • Proceedings of the Korea Water Resources Association Conference
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    • 2019.05a
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    • pp.162-162
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    • 2019
  • Water Distribution Network (WDN) is a critical infrastructure to be maintained ensuring proper water supply to wide-spread consumers. The WDN consists of pipes, valves, pumps and tanks, and these elements interact each other to provide adequate system performance. If elements fail by internal or external interruptions, it may result in adverse impact to water service with different degree depending on the failed element. To determine an appropriate maintenance priority, the critical elements need to be identified and mapped in the network. In order to identify and prioritize the critical elements in WDN, an element-based simulation approach is proposed, in which all the elements composing the WDN are reviewed one at a time. The element-based criticality is measured using several resilience indexes that are newly developed in this study. The proposed resilience indexes are used to quantify the impacts of element failure to water service degradation. Here, three resilience indexes are developed, such as User Demand Severity, Economic Value Loss and Water Age Degradation, each of which intends to measure different aspects of consequences, such as social, economic, and water quality, respectively. For demonstration, the proposed approach is applied to a benchmark water network to identify and prioritize the critical elements.

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A Literature Review of Performance Determinants of Business Incubator Based on Foreign English Literatures (창업보육 인큐베이터의 성과결정 요인에 관한 문헌연구: 외국 문헌을 중심으로)

  • Lee, Kyoung-Joo;Choi, Jong-In
    • Journal of Technology Innovation
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    • v.19 no.3
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    • pp.115-140
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    • 2011
  • The fact that innovation activities of venture firms and start-ups play crucial role in driving industrial development and economic growth has significantly increased the importance of business incubator and techno-park which promote new businesses creations. This review paper aims at not only generating performance measurement index of business incubators but also categorizing performance determinants in accordance with three different theoretical perspectives of resource-based view, strategy patterns, and social networks. Futhermore, as future direction of research, this paper emphasizes structured research efforts on the critical effects of incubator's governance patterns, external and regional contexts, and analysis of government incubator policy.

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A Study on Heating Energy Monitoring of a Rural Detached House Applying Passive House Design Components (패시브 하우스 디자인 요소를 적용한 농촌지역 단독주거건물의 난방에너지 모니터링 연구)

  • Cho, Kyung-Min;Lee, Tae-Goo;Han, Young-Hae
    • KIEAE Journal
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    • v.13 no.2
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    • pp.39-46
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    • 2013
  • Recently, the field of construction is putting a variety of effort into reducing CO2, since global warming is being accelerated due to climate changes and the increase of greenhouse gas. For reduction of CO2 in the field of construction, it is required to make plans to cut down heating energy of buildings and especially, it is urgently needed to cut down energy of residential buildings in rural area where occupies the majority of consumption of petroleum-based energy sources. Therefore, this research compared and analyzed the actual energy consumption, by evaluating energy performance of a detached house applying passive house design components for reduction of energy. As the result, energy consumption showed remarkable differences, according to the operation of a heat recovery ventilation unit which is one of passive house design components, and building energy consumption displayed remarkable differences, too, depending on the difference of airtightness performance during building energy simulation conducted in process of design. Based on these results, the importance of airtightness performance of passive house was verified. The result of the actual measurement of energy consumption demonstrated that LNG was most economical amongst several heat resources yielded, on the basis of LPG source energy consumption measured within a certain period of time, and it was followed by kerosene. LPG was analyzed to have a low economic efficiency, when used for heating.

A study on the technology life-cycle using patent information (특허정보를 이용한 기술수명주기 평가에 관한 연구)

  • Yoo Sung-Hee;Jeong Hye-Soon;Kim Heon
    • The Journal of Information Technology
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    • v.6 no.3
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    • pp.75-85
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    • 2003
  • It is highly required to evaluate the economic value of technology in many decision making of the technology management area, for example, technology acquisition, transfer, and investments. Also evaluating the performance of R&D objectively is very important subject in the public side. So, developing the objective technology evaluation system has much usefulness in practice. In many studies, the patent information has been suggested to the valid measurement for evaluation of technology. The purpose of this study is to explore the validity of patent information as a measurement of technology evaluation.

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An Experimental Study of the Cochlea-inspired Artificial Filter Bank(CAFB) for Compressed Sensing (압축센싱을 위한 달팽이관 원리기반 인공필터뱅크의 실험적 검증)

  • Heo, Gwanghee;Jeon, Joonryong;Jeon, Seunggon
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.25 no.11
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    • pp.787-797
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    • 2015
  • In this paper, a cochlea-inspired artificial filter bank(CAFB) was developed in order to efficiently acquire dynamic response of structure, and it was also evaluated via dynamic response experiments. To sort out signals containing significant modal information from all the dynamic responses of structure, it was made to adopt a band-pass filter optimizing algorithm(BOA) and a peak-picking algorithm (PPA). Optimally designed on the basis of El-centro and Kobe earthquake signals, it was then embedded into the wireless multi-measurement system(WiMMS). In order to evaluate the performance of the developed CAFB, a vibration test was conducted using the El-centro and Kobe earthquake signals, and structural responses of a two-span bridge were obtained and analyzed simultaneously by both a wired measurement system and a CAFB-based WiMMS. The test results showed that the compressed dynamic responses acquired by the CAFB-based WiMMS matched with those of the wired system, and they included significant modal information of the two-span bridge. Therefore this study showed that the developed CAFB could be used as a new, economic, and efficient measurement device for wireless sensor networks(WSNs) based real time structural health monitoring because it could reconstruct the whole dynamic response using the compressed dynamic response with significant modal information.

The IPA-based introductory survey and analysis for the safe fishery of the coastal gillnet fisheries (연안자망어업의 안전조업 방안에 관한 IPA 기반 기초연구)

  • Youn-Hyoung CHO;You-Jin PARK;Young-Su AN;Jong-Kap AHN
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.59 no.1
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    • pp.85-98
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    • 2023
  • This study analyzes the importance and implementation of countermeasures to reduce safety accidents that may occur during fishing in coastal gillnet fishing. Safety accidents that may occur in coastal gillnet fishing were classified into 56 measurement items in six areas: slips and trips, contact with machinery, falls, struck by object, musculoskeletal symptoms, and electrical shock. 35 fishermen belonging to coastal gillnet associations in Tongyeong and Namhae were selected as samples, and the importance and implementation of the proposed measurement items were investigated in the field. In addition, the results were evaluated visually by IPA analysis. As a result of the analysis, the importance of struck by object was the highest, and the implementation of slips and trips was the highest. On the other hand, prevention of musculoskeletal damage was found to be the lowest in both importance and implementation. The area with the most significant difference in importance and implementation by the classified area for measurement items was struck by object, and the area with the minor difference was slips and trips. Among the measurement items, the importance is highly recognized, but there are items with low implementation. To improve their level of implementation, countermeasures such as continuous education, economic support, and structural change of fishing boats should be prepared; moreover, policy support activities for implementation should be carried out.

Evaluation of Durability Characteristics of High Performance Shotcrete Using Fly Ash (폐석탄회를 이용한 고성능 숏크리트의 내구특성 평가)

  • Park, Cheol-Woo;Lee, Hyeon-Gi;Kang, Tae-Sung
    • Journal of the Korea Concrete Institute
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    • v.22 no.3
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    • pp.305-311
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    • 2010
  • The industrial by-product market has increased at a geometric rate worldwide with the rapid economic growth. At present time, conventional disposal methods of industrial by-products in Korea including landfill, incineration and storage already have reached their limits. In this study, the industrial by-products such as fly ash and silicafume were used as mineral admixtures, which are commonly added to concrete mix to inhance the economic efficiency, long-term strength and durability of concrete, to determine the optimized mix proportion of high performance shotcrete. Through the series of tests (compressive strength test, accelerated chloride ion penetration test, measurement of chloride diffusion coefficient). The results of the study showed that the proposed mix proportions satisfied the requirements of domestic as well as international guidelines for shotcrete, with a higher durability than the existing shotcrete.

A Measurement on the Economic Effects of Facility Modernization Policy for Improvement of Fruits Quality (과수고품질 시설현대화사업의 정책성과 측정 연구)

  • Park, Mi-Sung;Kim, Bae-Sung
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.5
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    • pp.581-586
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    • 2017
  • The facility modernization policy has been established to improve fruits quality and to increase fruits yield per acreage. The fruit production quantity of farms joined in the policy was increased. Therefore, many fruit farms want to participate in the policy. The government has subsidized fruit farms to modernize their facilities such as rain proof, drainage way, frost proof, etc. This study analyzes the performance of the facility modernization policy focused on apple, eastern pear, and grape cultivation sector. One hundred apple farms, one hundred eastern pear farms, and 91 grape farms were surveyed. The performance of the policy was reviewed using analytical technique such as Covariate Matching and Propensity Score Matching and several policy implications were suggested.

Knowledge Management in an Iranian Health organization: Investigation of Critical Success Factors

  • Hojabri, Roozbeh;Eftekhar, Farrokh;Sharifi, Moslem;Hatamian, Alireza
    • The Journal of Industrial Distribution & Business
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    • v.5 no.4
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    • pp.31-42
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    • 2014
  • Purpose - According to the applied studies knowledge, management implementation can improve organizational performance. The main objective of this study is to develop an understanding of critical success factors that enhance the successful implementation of knowledge management. Research design, data, and methodology - This study used Analytical Hierarchy Procedure (AHP), which is a multi-criteria decision making model that works on fuzzy logic. Using this method, researchers can find the proportion of success due to the contribution of the critical success factors (CSFs). Results - The results show that more than 70% of respondents indicate the possibility of success in knowledge management implementation. Further, the results show that top management support has the greatest relationship with the success of knowledge management implementation. This was followed by information technology, performance measurement, and culture, which had a high relation with knowledge management success. Process and activities have a moderate positive relation, while education and training has a low relation with success. Because of an inappropriate p-value, knowledge management strategies show no relation to the success of knowledge management in the Iranian health Industry. Conclusions - This study was conducted because of a critical issue in the Iranian health industry that indicated that a significant portion of the workforce would retire in 5 to 10 years. Most highly experienced and knowledge oriented employees would become eligible for retirement. Therefore, knowledge management is presented as a complete solution in the Iranian health sector.