• Title/Summary/Keyword: Investment evaluation system

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A Value-For-Money Model of BTL Projects for Educational Facilities (교육시설 BTL 사업의 투자가치 평가모형 구축)

  • Kim, Jang-Young;Son, Ki-Young;Kook, Dong-Hoon;Kim, Sun-Kuk
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.87-91
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    • 2006
  • After reformation of 'the law of private investment on social infrastructure' on January 2005, BTL of educational facilities can improve the education circumstance at early stage, however there are trial and error, problems of execution as well. The key of this problem is not only related to whether BTL project is more reasonable, but it also leads to the proper performance of eligibility analysis on BTL. Therefore, it lead to the proper carryout of eligibility analysis on BTL. In order to promote effective BTL project of educational facilities, this study analyzes problems of existing model and creates the evaluation model for solving this problem. In this study, the evaluation model of investment on BTL has more quick ,accuracy and useful effect than previous one, if it is applied on eligibility stage. Moreover, this method could be applied to public building, SOC facilities effectively based on being modified as each characteristics of structure suitably.

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Moon Jae-in Government Health Policy Evaluation and Next Government Tasks (문재인정부의 보건의료정책 평가와 차기 정부의 과제)

  • Tchoe, Byongho
    • Health Policy and Management
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    • v.31 no.4
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    • pp.387-398
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    • 2021
  • Moon Jae-in Care can be seen as a 2.0 version of Roh Moo-Hyun Care. Just as Roh Care failed to achieve its coverage rate goal and 30% share of public beds, Moon Care also failed to achieve its expected goal. The reason is that it followed Roh Care's failed strategy. Failure to control non-covered services has led to a long way to achieve a 70% coverage rate and induced the expansion of voluntary indemnity insurance, resulting in increased public burden. The universal coverage of non-covered services caused an immediate backlash from doctors. And Moon government also failed to control the private insurance market. The expansion of publicly owned beds has not become realized and has not obtained public support. Above all, it failed to overcome the resistance of doctors and failed to obtain consent from budget power groups in the cabinet for public investment. It was also insufficient to win the support of civic groups. Communication with interested groups failed and the role of private health care providers was neglected. The next government should also continue to strengthen health care coverage, but it should prioritize preventing medical poor and create a consensus with both medical providers and consumers for the control of non-covered services. Ahead of the super-aged society, the establishment of linkage between medical services and long-term care and visiting health care or welfare services is an important task. All public and private provisions and resources should be utilized in the view of a comprehensive public health perspective, and public investment should be input in sectors where public medical institutions can perform more effective functions. The next government, which will be launched in 2022, should design a new paradigm for health care in the face of a period of transformation, such as the coming super-aged society in 2026 and the Fourth Industrial Revolution, and recognize that the capabilities of the health care system represent the nation's overall capacity.

Economic evaluation of thorium oxide production from monazite using alkaline fusion method

  • Udayakumar, Sanjith;Baharun, Norlia;Rezan, Sheikh Abdul;Ismail, Aznan Fazli;Takip, Khaironie Mohamed
    • Nuclear Engineering and Technology
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    • v.53 no.7
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    • pp.2418-2425
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    • 2021
  • Monazite is a phosphate mineral that contains thorium (Th) and rare earth elements. The Th concentration in monazite can be as high as 500 ppm, and it has the potential to be used as fuel in the nuclear power system. Therefore, this study aimed to conduct the techno-economic analysis (TEA) of Th extraction in the form of thorium oxide (ThO2) from monazite. Th can be extracted from monazite through an alkaline fusion method. The TEA of ThO2 production studied parameters, including raw materials, equipment costs, total plant direct and indirect costs, and direct fixed capital cost. These parameters were calculated for the production of 0.5, 1, and 10 ton ThO2 per batch. The TEA study revealed that the highest production cost was ascribed to installed equipment. Furthermore, the highest return on investment (ROI) of 21.92% was achieved for extraction of 1 ton/batch of ThO2, with a payback time of 4.56 years. With further increase in ThO2 production to 10 ton/batch, the ROI was decreased to 5.37%. This is mainly due to a significant increase in the total capital investment with increasing ThO2 production scale. The minimum unit production cost was achieved for 1 ton ThO2/batch equal to 335.79 $/Kg ThO2.

Evaluation of Reliability of Large Hybrid Curvic Gear Using Thermography (서모그래피 기법을 적용한 하이브리드 대형 커빅기어 신뢰성 평가)

  • Lee, Gyung-Il;Kim, Jae-Yeol
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.16 no.3
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    • pp.146-152
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    • 2017
  • Stabilizing the operation of dual fuel diesel engines is very important. The shipbuilding industry is rapidly growing, but gear components requiring reliability are still imported from other countries. The reasoning for this is three-fold. Firstly, it is compulsory that all ships must use devices that meet the performance standards specified in the Safety of Life at Sea (SOLAS) and the convention of MARine POLlution (MAPOL) to prevent pollution caused by ships. Secondly, most ships must comply with the ship classifications specified by ship owners. Therefore, it is specified that key engine gear components must be inspected and authorized for the quality and performance specified by the Ship Register Authority. Thirdly, it is essential that devices (engine gear) for human safety in ships comply with quality standards specified in the regulations and rules by the government. The Ship Register Authority's strict quality standards and approval requirements contribute to the reduction of motivation towards new investment and technology development by device component manufacturers. Therefore, this study aims to develop a method for using infrared thermography to examine gear reliability in order to ensure gear component reliability and national competitiveness in the global market.

An Economic Evaluation under Thailand Feed in Tariff of Residential Roof Top Photovoltaic Grid Connected System with Energy Storage for Voltage Stability Improving

  • Treephak, Kasem;Saelao, Jerawan;Patcharaprakiti, Nopporn
    • International Journal of Advanced Culture Technology
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    • v.3 no.1
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    • pp.120-128
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    • 2015
  • In this paper, Residential roof top photovoltaic system with 9.9 kW design is proposed. The system composed of 200 Watts solar array 33 panels connecting in series 10 strings and parallels 3 strings which have maximum voltage and current are 350 V and 23.8 A. The 10 kW sinusoidal grid-connected inverter with window voltage about 270-350 is selected to convert and transfer DC Power to AC Power at PCC (Point of Common Coupling) of power system following to utility standard. However the impact of fluctuation and uncertainty of weather condition of PV may decrease the voltage stability and voltage collapse of power system. In order to solve this problem the energy storage such 120 V 1200 Ah battery bank and 30 kVAR capacitor are designed for voltage stability control. The other expensed for installing the system such battery charger, cable, accessories and maintenance cost are concerned. The economic analysis by using investment from money loan with interest about 7% and use own money which loss income of deposit about 3% are calculated as 671,844 and 547,044 for PV system with energy storage and non energy storage respectively. The solar energy from PV is about 101,616 Bath per year which evaluated by using the value of $5kWh/m^2/day$ from average peak sun hour (PSH) of the Thailand and 6.96 Bath/kWh of Feed in Tariff Incentive. The payback periods of four scenarios are proposed follow as i) PV system with energy storage and use loan money is 15 years ii) PV system with no energy storage and use loan money is 10 years iii) PV system with energy storage and use deposit money is 9 years iv) PV system with energy storage and use deposit money is 7 years. In addition, the other scenarios of economic analysis such no FIT support and other type of economic analysis such NPV and IRR are proposed in this paper.

A Study on the Methodologies of Economic Analysis for National R&D Program (국가 연구개발사업의 경제성분석 방법론 고찰 : 가치평가를 중심으로)

  • Rim, Myung Hwan
    • Journal of Information Technology Applications and Management
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    • v.21 no.4_spc
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    • pp.345-359
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    • 2014
  • Technological, policy and economic factors are both important variables in maximizing the results of a national R&D program and key indicators in evaluating an R&D program's eligibility for financial support. Economic analysis, in particular, is used when selecting R&D programs, setting priorities, and estimating economic effects. This paper examines a series of methodological issues related to the economic analysis of national R&D programs within the framework of the current preliminary feasibility evaluation system, and proposes alternative approaches to each of the issues discussed. The issues include the definition of R&D valuation and establishment of valuation factors; estimation of sales attributable to R&D investment; assessment of the total economic value of R&D as intellectual assets; estimation of R&D benefits and assumption of related to sales; and the application of discount rates based on the weighted average cost of capital. Finally, this study presents directions for future research on analytical procedures and methods of improving the reliability of the results of economic analysis within the national technology planning system.

The Feasibility Analysis of 9.9 MW Biomass Cogeneration System (9.9MW급 바이오매스 열병합발전 타당성 연구)

  • Choi, Jaiyoung;Shul, Yonggun
    • New & Renewable Energy
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    • v.10 no.2
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    • pp.40-47
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    • 2014
  • This study is intended to analyze the appropriate scope for 9.9MW biomass cogeneration, feasibility and sensitivity according to changing market situation. In the study, the heat load is classified into three types to predict heat sales and find out the appropriate scope of thermal business that is operated in CHP 34.42 Gcal/h, PLBwg 70 Gcal/h of cogeneration. the feasibility is estimated based on internal rate of return (IRR) and net present value(NPV). the sensitivity is analyzed in terms of biomass fuel cost, unit price of heating cost, investment cost, SMP unit price and REC unit price.

Analysis of the Productivity of Automobile Painting Process Using Computer Simulation (자동차 도장공정의 생산성 향상을 위한 시뮬레이션 분석)

  • 김원경
    • Journal of the Korea Society for Simulation
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    • v.8 no.2
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    • pp.73-85
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    • 1999
  • In this paper, the productivity estimation of the painting line in an automobile plant is studied. To improve the bottleneck and the weak point of the process, computer simulations are performed. In determining the system specification, the status of the conveyor lines and the other physical facilities are considered in order not to intervene with each other and to satisfy the painting facility restrictions. As simulation parameters, production performance ratio, number of hanger and dolley, down time, speed of conveyor and the pitch of a painting body are chosen on the basis of exhaustive field evaluation to study their effects on the capacity of the process. The results of the simulation show that we can improve the capability of they system without additional investment to the plant facility. The best condition for the maximum capacity of the process is selected by comparing the alternative computer simulation results. As a simulation language, Promodel is used which is very useful and easy to use in manufacturing oriented simulation.

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An Appraisal of Environmental Value of Railroad Construction (철도건설의 환경적 가치평가연구)

  • Chung, Sungbong
    • Journal of Korean Society on Water Environment
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    • v.27 no.3
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    • pp.357-363
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    • 2011
  • In spite of numerous advantages in railroads such as mass transportation, high reliability, and environmental soundness etc., the value of railroad construction is relatively underestimated compared to road. This is because the current method of evaluation focuses mainly on economic effect. In this study, considering recent research results, the environmental value of railroad construction was assessed by calculating the effect of reduction of emissions and water contamination. With these two benefits, the environmental effect produced by railroads and road construction was calculated and compared to each other using EMME/3. As a result, the senario 4 which considers 'Hot/Cold start' condition and water contamination had highest benefits. Furthermore, the environmental effect produced by railroad is 55~101% higher than road construction. If the suggested method is used in the current appraisal system, the environment-friendly mode like railway would be highly valued, much more than before.

Improvement of Detailed Indicators and Application of Methodology for Post-Evaluation of National River Project (국가하천사업 사후 평가를 위한 세부지표 개선 및 방법론 적용)

  • Jang, Chorok;Jang, Moon Yup;Song, Juil;Kim, Han Tae
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.1
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    • pp.188-196
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    • 2021
  • Korea has invested heavily in projects related to national rivers, but there is no evaluation technique and system to manage river projects that can evaluate the effectiveness of the river projects after they are completed. Their absence leads to the inability of information on river construction sections, analysis of project effects, and benchmarking between projects. This may cause over-budget, overlapping investment problems due to the implementation of similar projects in the same section, and incorrect business elements may be repeatedly utilized. In order to solve this shortcoming, this study developed river project evaluation techniques and a river project (construction) management system. The development of evaluation techniques enables comparison and analysis between projects and can be utilized in establishing maintenance plans. The system can also provide inquiry of construction information, visualization of construction, and management of performance items. In this study, the evaluation techniques developed through prior research were modified and supplemented, and the effectiveness was verified by applying them to national river projects in A river and B river. It is expected that the evaluation techniques and system utilization measures presented will increase the work efficiency of river projects and enhance the efficiency of river projects.