• International conference on construction engineering and project management
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• 2005.10a
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• pp.497-502
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• 2005

Needs of automation and computerization in the construction industry has been recognized but the implementation of e-business solutions with project management systems has not been fully explored. In order to cope with different management practices in home office and project sites, integration of two popular systems, Enterprise Resource Planning (ERP) and Project Management System (PMS) is essential. The objective of this study is to find ways to functionally and systematically integrate ERP and PMS. With the integration of ERP and PMS, a project will be managed much more efficiently and effectively. It is expected that this study will benefit system integrators and help them to understand construction management processes and integrate the solutions with minimized programming work.

• Journal of Korea Society of Industrial Information Systems
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• v.19 no.3
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• pp.67-74
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• 2014

Over the last several decades, the United States has experienced a great number of natural disasters. To minimize the impact of the natural hazard events, the U.S. government spent a tremendous amount of money through federal assistant programs. To be eligible for the programs, a mitigation project must be cost effective (more benefits compared to project costs). However, the state and local communities suffering from the natural disasters generally have difficulty in collecting reliable evidence for their damages which can be converted later into benefits when a mitigation project is implemented. Therefore, this paper shows the process of conducting a benefit cost analysis with limited data. Besides, it also provides how to apply the limited data to the analysis through a case study. Consequently, this paper help state and local communities get funding from the federal government, which in turns will improve the image of construction industry by preventing people from natural disasters.

• Journal of Environmental Impact Assessment
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• v.30 no.4
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• pp.225-236
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• 2021

The master plan for the Four Rivers Restoration Project (June 2009) was devised, the procedure of pre-environmental review (June 2009) and environmental impact assessment (Nov. 2009), and post-environmental impact survey were implemented, and 4 times audits also inspected. and finally the Ministry of Environment's Four Rivers Investigation and Evaluation Planning Committee proposed the dismantling or partial dismantling of the five weirs of the Geum River and Yeongsan River. But controversies and conflicts are still ongoing. Therefore, this study intend to reestablish the management plan for the four major rivers by reviewing and analyzing the process so far. The results are as follows. First, a cost-benefit analysis should be performed by comparing the water quality impact of weir operation and weir opening. Therefore, it is inevitably difficult to conduct cost-benefit analysis. Second, according to the results of cost-benefit analysis on the dismantling of the Geum River and the Yeongsan River, the dismantling of the weir and the regular sluice gate opening was decided. However, there is a problem in the validity of the decision to dismantle the weir because the cost-benefit analysis for maintaining the weir is not carried out. Third, looking at the change in water quality of 16 weirs before and after the Four Major Rivers Restoration Project, COD and Chl-a were generally deteriorated, and BOD, SS, T-N, and T-P improved. However, in the cost-benefit analysis related to water quality at the time of weir dismantling, only COD items were targeted. Therefore, the cost of BOD, SS, T-N, and T-P items improved after the project were not reflected in the cost-benefit analysis of dismantling weirs, so the water quality benefits were exaggerated. Fourth, in the case of Gongju weir and Juksan weir, most of them are movable weirs, so opening the weir alone can have the same effect as dismantling when the water quality deteriorates. Since the same effect can be expected, there is little need to dismantle the weirs. Fifth, in order to respond to frequent droughts and floods, it is desirable to secure the agricultural water supply capacity to the drought areas upstream of the four majorrivers by constructing a waterway connected to the weir. At present it is necessary to keep weirs rather than dismantling them.

• Korean System Dynamics Review
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• v.12 no.1
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• pp.59-74
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• 2011

This article deals with an economic evalutation of the 'Pasture Project of Kum River', which is the farming plan of mitten crabs in a stream of it. An augmented model of social capital is based on the past ecological-economic system dynamics model and elaborated further with suggestions of social capital literature. During the modeling process a chain diagram of causal relations and its relevant mathematical equations are presented for simulating the project performance, and the simulation results are provided to contrast the dynamic behaviors of the former ecological-economic model with ones of the new model incorporating social capital. The results indicate that an increase in the economic benefit of the project could happen in case of considering the process of social capital accumulation around the case area, which can be regarded as a remarkable trial to approve the common confidence in the role of social capital to enhance an economic achievement.

• The Journal of Fisheries Business Administration
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• v.51 no.4
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• pp.19-45
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• 2020

This study is to evaluate economic effect of the creation project of snow crab, Chionoecetes opilio, spawning and habitat ground in Uljin and Youngdeok county. The main results of this study are summarized as follows: first, 14,400 million won was invested in the creation project cost of Chionoecetes opilio spawning and habitat ground of Uljin and Youngdeok County from 2015 to 2020. Second, the creation project of Chionoecetes opilio spawning and habitat ground directly provides fishing benefits, festival benefits, research and development benefits and employment benefits. Third, on the basis of above benefits, the creation project of Chionoecetes opilio spawning and habitat ground has net present value of 29,900.53 million won, internal rate of return 16.9%, and benefit-cost of 2.91 under a 4.5% social discount rate. Also, the creation project creates 195 jobs. This indicates that the creation project of Chionoecetes opilio spawning and habitat ground not only contributes to the increase in the income of coastal fishery and fishing villages but also to the job making. The result of this study provides useful information to policy makers or project managers as it shows that the project to create spawning and habitat ground should be carried out in consideration of the resource and biological characteristics of individual fish and that economic assessment logic should also be developed based on this. Also, it proves that the project to create a snow crab spawning and habitat ground is a national and local infrastructure project that increases the actual fishing income in the region. At the same time, it maintains the reproducibility function of most fish species, along with enhancing the people's benefits such as fishing village tourism and marine product consumption. Moreover, it provides useful information on budgeting for the continuous development of snow crab spawning and habitat ground in the mid to long-term.

• Architectural research
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• v.25 no.3
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• pp.41-51
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• 2023

Building restoration is a complex process with a high level of uncertainty. Restoration professionals can significantly benefit from the well-established discipline of project management to achieve their targets; however, available evidence shows that the use of the project management body of knowledge in restoration projects is far from the desired level. Several historical organisations have since been established with the goal of preserving and governing cultural identity, and numerous studies have supported the need of preserving architectural heritage. Many owners, investors, academics, and developers believe that it would be considerably more expensive to renovate and restore an old building than to create a new one. Although the project management process is generally recognised, the concept of project management for architectural heritage projects differs due to the uniqueness of each project. It differs from many construction projects in terms of the need for research-based practices to define scope, planning, scheduling, supervision,decision-making,and also performance. The Greco-Roman Museum in Alexandria's planning, design, and building phases are being studied with the aim of identifying and analysing the variables that contribute to project delays. Three project management pillars were established as a result of gathering this data from the project's stakeholders: the first pillar addresses time management for the existing phase and how it will be incorporated into the new extension phase; the second pillar addresses performance in relation to project management issues in the delivery of the best quality of a construction project; and the third pillar addresses the scope of the new extension because it will significantly impact the other two pillars. This paper argues that a contemporary perspective which utilizes project management tools and techniques can contribute to the conservation of architectural heritage in line with the conservation principles.

• Journal of the Korean Society of Industry Convergence
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• v.23 no.1
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• pp.65-71
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• 2020

Recently, interest in the DC transmission is rapidly increasing worldwide. In many countries and leading companies are prior to the aggressive development of HVDC technology and application. Especially, VSC-HVDC system has been widely applied to transfer power at long distance between power plant and power consumption area. Therefore in this paper, we analyzed the benefit-cost of VSC-HVDC system which has more advantages than existing transmission system. The proposed system is MMC(Modular Multilevel Converter) VSC-HVDC system that have stability of Power Grid, interconnect Large-scale New Power Generation Plants by prevents Blackout. And MMC VSC-HVDC system Reduced the loss importing foreign systems. And the benefits were calculated in four stages, and the costs were applied to the actual project. By evaluating the various avoidance costs compared to the benefit-cost, it was confirmed that MMC VSC-HVDC system was advantageous in system stability and economic and social benefits.

• Journal of Information Technology Applications and Management
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• v.15 no.3
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• pp.195-208
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• 2008

In an emergency management case, evaluating the economic value of information technology investments is a challenging problem due to the effects of decision making, uncertainty of disasters, and difficulty of measurements. Risk assessment and recovery process, one of the major functions in emergency management, consists of (1) measurement of damages or losses, (2) recovery planning, (3) reporting and approving budgets, (4) auctioning off recovery projects to constructors, and (5) construction for the recovery. Specifically and of our interest, measurement of damages or losses is often a costly and time-consuming process because the wide range of field surveys should be performed by a limited pool of trained agents. Managers, therefore, have to balance accuracy of the field survey against the total time to complete the survey. Using information technologies to support field survey and reporting has great potential to reduce errors and lowers the cost of the process. However, existing cost benefit analysis framework may be problematic to evaluate and justify the IT investment because the cost benefit analysis often include the long-run benefit of IT that is difficult to quantify and overlook the impact of managerial control upon the investment outcomes. Therefore, we present an alternative cost-centric control model that conservatively quantifies all cost savings to replace benefits in cost benefit analysis and incorporate the managerial control. The model provides a framework to examine how managerial decision making and uncertainty of disaster affect the economic value of IT investments. The current project in Emergency Agency in South Korea is introduced as a case to apply the cost-centric control model. Our work helps managers to better evaluate and justify IT-related investment alternatives in emergency management.

• Journal of Korean Society of Water and Wastewater
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• v.29 no.3
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• pp.395-406
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• 2015

This research carried out an analysis on input cost and leakage reduction effect by leakage reduction method, focusing on the project for establishing an optimal water pipe network management system in the Taebaek region, which has been executed annually since 2009. Based on the result, optimal cost-benefit analysis models for water distribution network rehabilitation project were developed using DEA(data envelopment analysis) and multiple regression analysis, which have been widely utilized for efficiency analysis in public and other projects. DEA and multiple regression analysis were carried out by applying 4 analytical methods involving different ratios and costs. The result showed that the models involving the analytical methods 2 and 4 were of low significance (which therefore were excluded), and only the models involving the analytical methods 1 and 3 were suitable. From the result it was judged that the leakage management method to be executed with the highest priority for the improvement of revenue water ratio was installation of pressure reduction valve, followed by replacement of water distribution pipe, replacement of water supply pipe, and then leakage detection and repair; and that the execution of leakage management methods in this order would be most economical. In addition, replacement of water meter was also shown to be necessary in case there were a large number of defective water meters.

• Journal of the Korea Society of Computer and Information
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• v.27 no.11
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• pp.257-270
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• 2022

This paper analyzes the effect of profit incentives within the setting of bounty open source project. A simple decision-making model based on classical utility maximization is presented for open source developers that includes income effects from the bounty prize. We then simulate the decisions of multiple developers to assess the effect from the bounty prize. Our result shows that learning costs can greatly reduce the software quality improvement benefit from bounty project. It also suggests that open source projects can benefit more when they have multiple small bounty projects than a single large bounty project since it reduces the learning cost and the opportunity cost for the open source developers.