• 한국도로학회논문집
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• 제16권1호
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• pp.75-89
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• 2014

PURPOSES : This study evaluates the economic value of national highway construction projects using Real Option Pricing Models. METHODS : We identified the option premium for uncertainties associated with flexibilities according to the future's change in national highway construction projects. In order to evaluate value of future's underlying asset, we calculated the volatility of the unit price per year for benefit estimation such as VOTS, VOCS, VICS, VOPCS and VONCS that the "Transportation Facility Investment Evaluation Guidelines" presented. RESULTS : We evaluated the option premium of underlying asset through a case study of the actual national highway construction projects using ROPM. And in order to predict the changes in the option value of the future's underlying asset, we evaluated the changes of option premium for future's uncertainties by the defer of the start of construction work, the contract of project scale, and the abandon of project during pre-land compensation stages that were occurred frequently in the highway construction projects. Finally we analyzed the sensitivity of the underlying asset using volatility, risk free rate and expiration date of option. CONCLUSIONS : We concluded that a highway construction project has economic value even though static NPV had a negative(-) value because of the sum of the existing static NPV and the option premium for the future's uncertainties associated with flexibilities.

• 한국통신학회:학술대회논문집
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• 한국통신학회 2006년도 하계종합학술발표회 논문 초록집
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• pp.304-304
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• 2006

• 가정과삶의질연구
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• 제7권1호
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• pp.43-57
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• 1989

In the materialistic societies, individuals get money return according to the importance of their roles. But unlike wage workers who are engaged in market production , housewives engaged in home production do not get that return. It is because the result of home production is not transacted in the market and the price is not given to it, so the value of home production is not estimated. Hence this study trcognizes again the value of home production, suggests the estimation methods of it in input and output based on home production systems and attempts to actualize those methods socially. This home production develops the human attributes of family members to act as a member of a society and potentially contributes to home income and Gross National Products, so it has social and economic value. In spite of that significance, the value of home production is not estimated, so its nor recognized and housewives engaged in home production are not acknowledged their ability. Hence based on home production systems form input to output, this study suggested opportunity cost method and market cost method in input, method by saving money expenditure, hybrid method and method by comparing with market in output.

• 한국잠사곤충학회지
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• 제37권1호
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• pp.10-15
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• 1995

Genetic characterization of Sri Lankan silkworm bivoltine population has not been at-tempted so far, since its sporadic introduction of bivoltine strains into the island, starting from the 1950's. Genetic structure of Sri Lankan population of mulberry silkworm Bombyx mori was investigated through estimation of general (GCA) and specific combining ability(SCA) and heritability(${h^2}_B$), on the economic quantitative characters from leading 8 inbreds and their 28 F1's in a half diallel cross, in an attempt to utilize the estimates in determination of future breeding methods and to predict the breeding value over the phenotypic value. It was found that the breeding population of the bivoltine silkworm in Sri Lanka has still maintained considerable amounts of additive gene action as well as nonadditive. For some time in the future, both breeding strategies of "selection without inbreeding" and also "inbreeding followed by crossing" should therefore be effective in genetic improvement of economic characters investigated. In addition, superior combiners in general and in specific F1′s were identified for each of 6 economic characters, to be immediately utilized in selection and also in cross breeding programs in Sri Lanka.

• 농촌계획
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• 제12권2호
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• pp.27-35
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• 2006

The purpose of this paper is to estimate the economic value of Multi-functionality Roles including landscape and so on, which the stone fences in Jejudo possess, using Dichotomous Choice Contingent Valuation Method(DC-CVM). The stone wall is life cultural heritance of Cheju islanders. It has functions like Development of Favorable Landscapes, Maintenance of Cultural Heritage, and Recreation/Relaxation. Expectation from Cheju visitors shows that the existence and inheritance value of the stone wall is higher then we expected. According to the research that we had done from the people that had agreed to contribute the stone wall, the result was that the public commercial value of Cheju tradition stone will increase every yew(2006: 367 billion won, 2011: 437.1 billion won). Therefore, preserving the stone wall that has Multi-functional Roles and values can lead to huge economic value in the future. But farmhouses in the stone wall conservation area are being supported 6 million won every year. This is only 10% of the income that farmhouse ems per year. Thus, stone wall preservation policy and plan that can raise green-tour commercial value of Cheju Island of long-term inside measurement will have to be propelled continuously.

• 대한건축학회논문집:계획계
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• 제34권5호
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• pp.3-10
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• 2018

The purpose of this study is to estimate the attractiveness value according to the preference level on architectural aesthetic. This research starts from the concept that aesthetic is phenomenon and from the viewpoint of 'attraction value' which affects goods. Interactive internet surveys were conducted for 500 citizens of Seoul metropolitan city who are potential users of the Nodle Islet Cultural Center. Based on the scenarios and questionnaires with fuzzy models, we have examined the evaluation of architectural aesthetic and monetary willing-to-payment, and estimated the economic value by preference level of architectural aesthetic through linear regression analysis. The main results of the study are as follows: First, the economic value of the Nodle Islet Cultural Center was estimated at ?15,683.43/person. Residents of Seoul metropolitan city were willing to accept the increase in the above-mentioned amount of the facility fares when their preferred works (average 86.81 points) were constructed. (P <0/05) Second, it is confirmed that the economic value increases dramatically as the preference level of architectural aesthetic increases. Third, it is presumed that the infinite valuation of architectural aesthetic and the problem of free riding coexist in the estimation of economic valuation of architectural aesthetic for public buildings. Fourth, by mixing the fuzzy logic with contingent valuation method, starting point bias and no response biases that happened in contingent valuation could be disappeared. bias elimination must be considered seriously because another bias could be happened in full process of the research. The results of this study will serve as a basis for spreading architectural aesthetic value-oriented research from the vague and obscure aesthetic-centered discussion on the existing architectural aesthetic. In addition, it will be an opportunity to draw institutional application and utilization strategy of architectural aesthetic through architectural aesthetic value research.

• Journal of Electrical Engineering and Technology
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• 제9권5호
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• pp.1501-1510
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• 2014

Low voltage direct current (LVDC) distribution system is a suitable techno-economic candidate which can create an innovative solution for distribution network development with respect to rural electrification. This research focuses on the use of LVDC distribution system to replace some of KEPCO's existing traditional medium voltage alternating current (MVAC) distribution network for rural electrification in South Korea. Considering the technical and economic risks and benefits involved in such project, a comparative techno-economic analysis on the LVDC and the MVAC distribution networks is conducted using economic assessment method such as the net present value (NPV) on a discounted cash flow (DCF) basis as well as the sensitivity analysis technique. Each would play a role in an economic performance indicator and a measure of uncertainty and risk involved in the project. In this work, a simulation model and a computational tool are concurrently developed and employed to aid the techno-economic analysis, evaluation, and estimation of the various systems efficiency and/or performance.

• 공업화학
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• 제29권2호
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• pp.209-214
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• 2018

본 논문에서는 $300m^3\;h^{-1}$급 수소 생산을 위한 글리세롤 수증기 개질반응에 대해 기술 경제성 평가를 수행하였다. 상업용 공정 설계 프로그램인 Aspen $HYSYS^{(R)}$를 이용하여 글리세롤 수증기 개질반응에 대한 공정을 설계하였으며, 반응온도에 따른 수소 생산량의 차이를 비교 분석하였다. 또한, 항목별 경제성 평가, 민감도 분석, 현금흐름도를 통하여 경제성 평가를 진행하였으며, $300m^3\;h^{-1}$급 글리세롤 수증기 개질반응에서의 수소 생산 단가는 5.10 $ ${kgH_2}^{-1}$로 계산되었다. 수소 생산 단가에 영향을 끼치는 주요 인자를 파악하기 위해 민감도 분석을 실시하였으며, 수소 판매 단가에 따른 현금흐름도 분석을 통해 순현재가치, 할인회수기간, 현재가치율과 같은 다양한 경제성 인자를 파악하였다.

• 한국소음진동공학회:학술대회논문집
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• 한국소음진동공학회 2011년도 춘계학술대회 논문집
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• pp.502-507
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• 2011

A study on environmental noise hasn't fully researched yet. As society has developed and the quality of life has improved, people started to show a concern about an environmental noise. To ensure a economic feasibility of countermeasures of noise, it is necessary to apply a cost-benefit analysis on choosing optimum measurements. In this study, we addressed the estimation method of the environmental noise value and several domestic and oversea case studies. We also estimate economic value of noise reduction level which is gained from applying noise reduction measurements.

• 한국정보처리학회논문지
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• 제6권9호
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• pp.2403-2413
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• 1999

본 연구는 기능점수 모형의 예측능력과 활용성을 높이는 동시에 소프트웨어 사업대가 기준의 실용성을 제고하는 목적으로 수행되었다. 기능점수 개선모형 연구는 최근에도 몇가지 연구가 수행된 바 있다. 따라서 본 연구에서는 이들 연구 결과를 활용하여 모델을 개선하는 작업을 수행하였다. 우선, 기존의 국내 연구를 보완하고, 전문가의 자문을 통하여 실용성이 높은 후보 모형을 도출하였다. 현재와 같은 프로젝트 환경에서는 실제 데이터에 의한 통계적으로 완벽한 검증을 기대하기 어려우므로, 현업 프로젝트 전문가의 경험에 의한 검증이 매우 중요한 역할을 한다. 따라서 본 연구는 이러한 과정을 충실하게 거쳐 후보 모형을 도출하였다. 특히 기술적 복잡도 판단 기준표는 기능점수 모형에서 제시되지 않은 독자적인 기준으로서 한국형 기능점수 모형의 대표적인 특징이라 할 수 있다. 또한 본 연구는 39개의 프로젝트 실제 데이터를 이용하여 후보 모형의 타당성을 검증하였다. 제안된 후보 모형이 전문가에 의한 경험적인 타당성과 함께 일정 수준 이상의 통계적 유의성을 가지고 있음을 입증하였다. 본 연구의 결과는 산업계와 정부 등의 관련기관 실무 회의를 거쳐 소프트웨어 사업의 대가기준으로 활용될 수 있을 것이다.