• The Journal of Fisheries Business Administration
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• v.8 no.2
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• pp.1-19
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• 1977

The results analyzed of the actual state of medium size two-boat trawler fishery based on the cost expended in 1975 are as follows: According to the calculation of interest, the total cost of this fishery comes to ￦ 55,353,807, and in this account, the production cost comes to ￦ 49,747,383 (89.9%) and the material cost comes to ￦ 27,027,662(48.8%), the labour cost comes to ￦ 10,381,013 (18.8%) the expenses, ￦12,338,708(22.3%) and commision and interest comes to ￦ 5,606,424 (10.1%). As above the fishery comes is 90% of production cost for the expense of production. The ratio of cost element to the total cost 100 is as follow: Fuel: 23.6%, allocation: 14.3%, fishing gear: 14.1%, boat repair: 13.0%, fish box: 8.5%, ice: 14.1%, commission: 6.9%, food cost: 4.5%, interest: 3.2%, transportation fee: 2.8%, consumption: 2.6%, tax: 2.5%, depreciation: 2.4%, administrative expense: 1.6%. The unit cost of catches to each box, including the interest, cames to ￦ 2,167 and not calculating the interest it comes to ￦ 2,098. The cost production to each kg comes to ￦ 114 including interest, without interest, it comes ￦110. When the production cost comes to 90.6%, it comes to 9.4% of total revenue. The reason which this fishery brings low income is that the boats are almost old and semi-diesel engine is used. So, fuel expense and repaire expenses needs too much. Acconding to above this fishery needs to replace new boat and new engine. And new are for this fishery needs to bring under cultivation in order to bring good income with the new method for this fishery. Specially, this fishery brings low income from July to September because of its rest from labour. And so, the expenses, item, and account of money, and the trust money the cost element are not showed in August.

• The Journal of Fisheries Business Administration
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• v.7 no.1
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• pp.27-41
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• 1976

The results analyzed of the actual state of the stow net fisheries based on the cost expended in 1975 areas follows; The total cost of this fisheries will be 1, 672, 238 won; the production cost, 1, 588, 060 won (95%) ; the material cost in proportion to total cost (100%)408, 480won (24.4%);the labour cost, 1, 006, 480 won (60.2%) ; the expenses, 173, 100won(10.4%)and the commission and the interest payment, 84, 178won(5%). As above the commission and the interest payment doesn't need to be paid much, but only production cost should be paid in case of small scale inshore fisheries. The cost per unit of caches (per Kg) becomes 12 won, the ratio cost of sales (83.4%), the ratio of profit, 16.%. According to the adove, in case of the powered vessel; it shows a tendency of spending too much expenses owing to excessive payment of oil. And in case of nonpowered vessels, it shows a tendency of spending less expenses but still get much gains, due to the fact that the commission and the interest payment are less, and none is paid for fuel procurement.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.05a
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• pp.161-163
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• 2012

Recently on Value Engineering(VE) and Life Cycle Cost(LCC) social interests is increasing. The government Turn Key, BTL projects and public works projects, such as VE and LCC Analysis on the value and economic analysis is mandatory. And accordingly the VE and LCC analysis is underway for the various studies. However, there is a problem existing in the LCC analysis. Worth the cost varies according to the flow of time. However, the real interest rate during the LCC analysis of buildings in calculation time for interest rates and inflation are not considering the value of the flow. In other words, a few years using the average value of the deterministic analysis method has been adopted. These costs for the definitive analysis of the cost of an uncertain future, unforeseen changes resulting hazardous value. In this study of the last 15 years interest rates and inflation targeting by using Monte-Carlo Simulation is to perform probabilistic analysis. This potential to overcome uncertainties of the cost of building a more scientific and LCC Estimation of the probability value of the real interest rate is presented.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.64 no.2
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• pp.349-352
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• 2015

This paper estimates electrical fire damage cost-effect to analyze electrical safety efficiency by applying a cost-benefit analysis method for analyzing the efficiency of a business public interest. Electrical fire loss statistics data was presented as direct costs and casualties, including deaths due to an electrical fire, this paper adds overhead "Incidental Cost of Accidents to the Employer" by W. H. Heinrich was applied to estimate the cost of economic loss. Also wounded, including the loss of human deaths by referring to the car accident insurance claims costs and human development estimated the losses caused by an electrical fire. And to perform a cost-benefit analysis of the electrical safety as a result of future work. In this paper, the economic effect of the electric field of safety and public interest work to systematically presented.

• Journal of the Korea Safety Management & Science
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• v.15 no.4
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• pp.435-448
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• 2013

The aim of this study is to investigate and develop the extended models for Economic Cash Amount(ECA), Cash Break Even-Point(BEP), and Cash Flow Statement(CFS) by referencing systematic literature review in the field. The study develops three extended models to determine the optimal cash amount: ECA model with interest opportunity cost, financing transaction cost and financing fail cost, ECA model with daily cash supply and interest opportunity cost, ECA model with financing fail cost and interest opportunity cost. Earnings Before Interests, Tax, Depreciation and Amortization(EBITDA) is obtained by subtracting noncash depreciation costs from Earning Before Interest and Tax(EBIT), which is efficient metric to evaluate operating cash flow. The research also develops two extended Cash BEP models, considered as interest and corporate tax, in order to indentify the break-even point as EBITDA equals zero. Furthermore, this paper proposes the modified version of CFS by introducing the reclassification of operating and financing accounts in the statement of financial position. In addition, the study also present the reclassification of five types of profit, such as gross profit, EBIT, ordinary profit, special profit, and net profit within the statement of comprehensive income. In order to provide a better understanding of the proposed cash flow models, numerical examples, such as two-sample t test and Analysis of Variance(ANOVA), are presented to demonstrate the statistical significance according to the industrial types for net working capital(i.e cash-to-cash), net profit, operating cash flow and free cash flow.

• Journal of the Society of Naval Architects of Korea
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• v.51 no.6
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• pp.451-458
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• 2014

The purpose of this study is to compare the economics between a diesel propulsion vessel and a LNG fuel propulsion vessel through the analysis of the present value using the LCC(Life Cycle Cost) method. This study is also to judge the economics for long-term operation of a LNG fuel propulsion vessel as a result of analysis about the equivalent uniform annual cost. In particular, LCC method was strengthened by sensitivity analysis based on combined interest rate which is considering discount rate and inflation rate simultaneously.

• Journal of Navigation and Port Research
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• v.45 no.5
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• pp.259-275
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• 2021

This study analyzed the decision-making process in ship finance for the choice between fixed and floating interest rates using behavioral finance theories. Results confirmed that causes and background of decision-making processes could be explicitly explained by the framework of behavioral finance theories. This study also determined whether decisions were irrational. A case-study research was applied as the methodology. Decision-making data on ship finance collected through narrative and questionnaire responses were analyzed and evaluated using behavioral finance theories. Theories of behavioral finance used in the analysis and research of this study included availability heuristic, anchoring effect, and opportunity cost theory. Narrative and survey responses were clearly explained by theories of behavioral finance. It was found that a shipping company suffered additional losses owing to decisions that included behavioral finance errors. Behavioral finance theories largely influenced the decision-making process of choosing between a fixed interest rate and a floating interest rate. Shipping finance decisions related to interest rate selections could be clearly explained by behavioral finance theories. Errors related to behavioral finance could result in irrational decisions. Thus, managers who are responsible for shipping finance should remain vigilant toward any behavioral finance errors when making shipping finance decisions.

• Journal of the Korean Operations Research and Management Science Society
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• v.22 no.3
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• pp.23-36
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• 1997

In the design of telecommunication network, the network configuration using hubbing topology is useful for designing and managing the network efficiently : i. e. all of central offices (COs) are grouped into clusters. Each cluster has one hub consisting of large-scale transmission facilities like digital cross-connect systems and ATMs. In clustering process, the community of interest and geographical factor should be considered. However, there exists a tradeoff between two factors. One is to minimize total link costs for geographical factor and the other is to maximize the total intra-cluster traffics for community of interest. Hence, this can be solved by multiobjective linear programming techniques. In this paper, the problem under considerations is formulated as two p-median subproblems taking into considerations total costs and total intra-traffics, respectively. Then we propose the algorithm to solve the problem based on the concept of cost-traffic tradeoff. The algorithm enables to identify efficient cost-traffic tradeoff pairs. An illustration is also presented.

• Journal of Environmental Impact Assessment
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• v.21 no.6
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• pp.927-939
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• 2012

Cool roofs are currently being emerged as one of important mechanism to save energy in relation to the building. Although green roof has already gained nation-wide recognition as a typical method of energy saving in the roof, this approach did not provide a realistic evidence that is economically feasible in terms of installation cost. This research is primarily intended to compare installation cost between the two techniques. This research proposes a comparative evaluation framework in a more objective and quantitative way for an installation cost between the two techniques. Kyungpook National University (KNU) was selected as a survey objective and an exhaustive and realistic comparison of installation cost between the two techniques was conducted, based on Life Cycle Cost analysis (initial investment cost, maintenance cost, dismantling and waste disposal expense). It was possible to identify that installation cost of cool roofs is 4.7 times cheaper than that of green roof. Also present value based on probabilistic approach was identified as 0.25 (4.95) higher than the installation cost on the assumption of constant price and interest. It is expected that much more installation cost for the large scale green roof will be required since small-size green roof selected as a survey objective in this study could be operated under less initial installation and maintenance condition.

• Journal of the Korean Solar Energy Society
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• v.28 no.6
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• pp.70-77
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• 2008

The purpose of this study evaluates a feasibility and economical efficiency of new renewable energy. According as weather change is serious problem now days, every people make attention to the reduction of greenhouse gas. The revitalization of new renewable energy creates the variety of energy source, stability of energy supply and reduction of greenhouse gas. In this study evaluates a feasibility and economical efficiency from new renewable energy of various photo voltaics, wind power, small hydro and biogas. Feasibility does in standard of technical characteristic, politic support, marketability, establishment present condition and development aim. Economical efficiency does in standard of developmental unit cost, utilization factor, equipment life, politic support cost, interest ratio. The results of this study were as follows photo voltaics, wind, small hydropower, biogas in order feasibility is high. Developmental unit cost, utilization factor, equipment life, politic support cost and analyzed the relationship of interest ratio fluctuation and economical efficiency. From all new renewable energy the utilization factor most is important in economical efficiency but necessary utilization factor is difficult because environmental problem.