• The Journal of Fisheries Business Administration
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• v.44 no.3
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• pp.29-46
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• 2013

The purpose of this study is to evaluate the economic validity of artificial reefs facilities and seeds release programs in Jeju Trial Sea Farm Project for raising fishing people's revenue. The results of this study show the artificial reefs facilities and seeds release programs have net present value of 15,962.63 million won, internal rate of retrurn 13.86%, and benefit-cost of 1.912 under a 5.5% social discount rate. This suggests that in Jeju trial sea farm project, artificial reefs facilities and seeds release programs increase fisherperson's revenue.

• Asian Journal of Innovation and Policy
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• v.6 no.2
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• pp.206-224
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• 2017

This article proposes a logic model for assessing the performance of the outcome of public research as a technology valuation method. It consists of two parts and eight steps. The first part is a scoring system and the second part is a validation process of the performance index derived from scoring by valuation method. The scoring in the first part generally requires a focus group method to find out the value drivers and make an evaluation table. The reason why we call it the technology valuation method is that the first part is derived from the simple evaluation of technology value using checklists for value drive. The second part is the regular technology valuation process. The model is designed for the measurement of unquantifiable outcome. Is knowledge or scientific outcome comparable to the measured outcome? If possible, how big is the unquantifiable outcome? This model is based on financial valuation techniques with clear or acceptable market data. Therefore, it cannot work solely for unquantifiable outcomes without comparable measurable outcomes, unlike economic valuation.

• Korean Journal of Agricultural Science
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• v.47 no.4
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• pp.743-752
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• 2020

The purpose of this study was to estimate the economic evaluation of a smart farm investment for tomatoes and strawberries. In addition, the potential adoption rate of the smart farm was derived for different scenarios. This study analyzed the economic evaluation with the net present value (NPV) method and estimated the adoption potential of the smart farm with the trade-off analysis, minimum data (TOA-MD) model. The results were as follows: The analysis of the net present value shows that the smart farm investment for the two crops are economically feasible, and the minimum prices for the tomatoes and strawberries should be 1,179 and 3,797 won/kg to secure a sufficient economic feasibility for the smart farm investment. Next, the analysis of the potential adoption rates for smart farms through the TOA-MD model showed that when the support ratio for the adoption of a smart farm system was 50% and the price increase rates were, respectively, - 5, 2.5, 0, 2.5, and 5%, the conversion rates for tomato farms to switch to smart farms were 0.97, 1.78, 3.05, 4.91, and 7.47%, while the ratios of the strawberry farms to switch to smart farms were 0.12, 0.29, 0.65, 1.33, and 2.53%, respectively. This study has some known limitations, but it provides useful information on decision making about smart farm adoption and can contribute to government policies on smart farms.

• Journal of the Korean Society for information Management
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• v.23 no.1 s.59
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• pp.41-62
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• 2006

As the research and development(R&D) has become a necessary motive in social development, the importance on the evaluation of the technical information service is also emphasized. Among others, the economical evaluation and the productivity of the technical information service are very complex and complicated as of the information value. Also the technical information service is influenced by its infrastructure. Therefore, the economical evaluation on the productivity of the technical information service requires a more systematic and complex approaches simply to be more objective and rationalized.

• Journal of the Korean Operations Research and Management Science Society
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• v.32 no.2
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• pp.163-175
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• 2007

[ $ulcorner$ ]Cost-Effectiveness Analysis$\lrcorner$ has been wifely used to evaluate economic efficiency of R&D projects, but most of cost-effectiveness evaluation systems have some problems such as systematic method for setting and evaluating cost factors, estimation of single effect on each R&D project, and estimation of cross effects among R&D projects. To solve these problems, we have designed a new evaluation indicator called a $ulcorner$Cost-Cross Effect Integration Indicator$lrcorner$ including cross effects developed in this research. The major research findings are summarized as follows : (1) $ulcorner$Coist Estimation Model$lrcorner$, which estimates the cost factors divided into two classes of assembly product and system product and then integrates the total cost values, has been designed. (2) A new method for estimating parameters of cross effects among R&D projects has been developed. (3) $ulcorner$Cross Effects Estimation Model$lrcorner$ to estimate multi-effects and cross effects by completion time among several projects has been designed. (4) $ulcorner$Integration Estimation Indicator$lrcorner$ for setting priority on a project group has been extracted by combination of total cost value and total effect value.

• Transactions of the Korean Society of Mechanical Engineers
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• v.16 no.8
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• pp.1503-1512
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• 1992

The strength evaluation and life prediction on the corrosion part of structure is one of the most important subjects, as a viewpoint of reducing economic loss by regular inspection, maintenance, repair and replace. For this purpose, it has been difficult to obtain the available data on growth of pit depth or growth rate of each pit which depends on time. In this paper, the life prediction and strength evaluation method was suggested for the structure with irregular stress concentration part by surface corrosion. The statistical distribution pattern of corrosion depth and the degree of fatigue strength decline were confirmed according to corrosion period by artificial corrosion of SS41 steel. The life prediction and the fatigue strength evaluation of materials with consideration of the corrosion period on the extreme value statistic analysis by the data of maximum depth of corrosion and on random variable was studied.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.13 no.1
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• pp.93-102
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• 2010

Greening sometimes fails because its method is not suitable for various site conditions, therefore the trend of selecting a revegetation method in Korea today is through test construction. However, due to enlargement, complication and diversification of domestic construction businesses, the importance of VE is gradually increasing as effective efforts over a whole life-cycle to obtain goals such as quality improvement and cost reduction, and not only quality and economic efficiency but also substantiality need to be considered in comparing revegetation methods. For this study, Sungnam~Janghowon (area1), where comparatively various slope revegetation methods are used, was selected the investigation site. The site was divided into three areas:blasting rock, ripping rock and earth sand. The revegetation methods used were six in the blasting rock area, five in the ripping rock area, and two in the earth sand region. 2007 monitoring data was analyzed, and Value (V) was calculated with LCC related ratio, and compared and contrasted with the evaluation of prior revegetation methods. Therefore it is believed that this analysis enables selection of the most appropriate method, unbiased towards one particular characteristic such as quality, vegetation growth and economy. When aiming for a durable effect, it shall be more efficient to select the most appropriate method focusing on LCC analysis, which deals with the economic aspect, as well as the design function aspect.

• Clean Technology
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• v.29 no.1
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• pp.59-70
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• 2023

This study aims to introduce a biowaste processing system that uses spent coffee grounds and implement a real options method to evaluate the proposed process. Energy systems based on eco-friendly fuels lack sufficient data, and thus along with conventional approaches, they lack the techno-economic assessment required for great input qualities. On the other hand, real options analysis can estimate the different costs of options, such as continuing or abandoning a project, by considering uncertainties, which can lead to better decision-making. This study investigated the feasibility of a biowaste processing method using spent coffee grounds to produce biofuel and considered three different valuation models, which were the net present value using discounted cash flow, the Black-Scholes and binomial models. The suggested biowaste processing system consumes 200 kg/h of spent coffee grounds. The system utilizes a tilted-slide pyrolysis reactor integrated with a heat exchanger to warm the air, a combustor to generate a primary heat source, and a series of condensers to harness the biofuel. The result of the net present value is South Korean Won (KRW) -225 million, the result of the binomial model is KRW 172 million, and the result of the Black-Scholes model is KRW 1,301 million. These results reveal that a spent coffee ground-related biowaste processing system is worthy of investment from a real options valuation perspective.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.31 no.1D
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• pp.7-15
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• 2011

The travel time value is important factor for the evaluation of feasibility the transportation facility investment. The existing method for calculation of the travel time for each mode uses daily average trip purpose. So the value of travel time is constant because it is estimated with only daily average proportion. This daily constant time value can distort the results of future demands of toll roads or economic appraisals for the projects. The proportion of the trip purpose varies by time periods. Accordingly the value of travel time also varies by time periods. In this study, times periods are classified as morning peak, evening peak, business time off-peak, and non-business time off-peak. And trip purpose proportions are sorted by each time period from raw data of Seoul household trip study, then the value of travel time for each time period is estimated with these sorted purpose proportions. A case study of Seoul Jung-gu and Yongsan-gu performed with newly estimated time value by time periods. The result of benefit calculation with the daily constant time value is overestimated approximately annual 2.5 billion Won compared by time values by time periods. The demands of toll roads are also overestimated with the existing daily constant time value by daily 3,500 vehicles and total revenue of toll roads are overestimated by annually 1 billion Won. In conclusion, the value of travel time by each time period enables the more precise economic evaluation of the transportation facility investment projects, mode choice behavior, and route choice behavior especially for toll roads.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.05a
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• pp.165-167
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• 2012

The purpose of this study is introduction of social and economic benefits of environmental improvements of Korea green road certification system. Focus of Evaluation Criteria is possibility of quantification on environmental improvements. Proposed evaluation items is noise, air pollution, water quality, ecological and green spaces, waste, and space resistance. The results of this study is expected to be used to support of Green Roads Rating System in korea.