• Title/Summary/Keyword: Subjective valuation

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A Study on the Improvement of the Existing Technology Valuation Solutions;focused on high technology based start-up company (현행 기술가치 평가모형의 개선 방안에 관한 연구;신기술 창업기업의 경우를 중심으로)

  • Yang, Tai-Shik;Min, Kyung-Se
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.2 no.2
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    • pp.93-120
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    • 2007
  • To promote the commercialization of high technology based start-up company, it is essential to activate technology trading for the Innovative Small & Medium companies which eager to acquire technology competitiveness through technology trading and facilitate financial system which provide Small & Medium companies with technology commercialization money. This study focus on enhancing credibility of technology valuation solutions through the improvement of the existing technology valuation solutions. The existing technology valuation solutions in practice have deficiency in reasonable valuation because of subjective technology factor's calculation. And the commercialization risk of high technology based start-up companies cannot be fully reflected in the existing valuation solutions. The high risk of technology commercialization acts as a hurdle in the facilitation of providing money for the start-up companies. The improved new model will have more acceptable objectivity and reasonably reflect the commercialization risk of start-up companies. The new model has two distinctive features compared to existing solutions. The new model newly adopts commercialization success factor which reflects the risk of high technology based start-up company. And the new model excludes technology factor which is controversial among interested parties. The exclusion of technology factor will improve the objectivity of technology valuation and the adoption of commercialization success factor will solicit investor and capitalist who concern the high risk of technology based start-up companies. In conclusion, the improved new model is expected to activate technology trading and facilitate the money market through which high technology based start-up companies raise commercialization money.

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Typicality of Vocabulary for evaluation on Instrument-Noise generated at Loud Noise Workplace (고소음 작업장에서 발생하는 기기소음 평가를 위한 어휘의 유형화)

  • Ju, Duck-Hoon;Kook, Jung-Hun;Kim, Jae-Soo
    • Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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    • 2007.11a
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    • pp.242-247
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    • 2007
  • After the Industrialization of 1960s, while it has greatly contributed to the industrial development owing to acceleration of mechanization, but it is real situation that the countermeasure to Noise Damage generating at the loud noise workshop is scarcely made. Especially, the Instrument-Noise made at factory and workplace is so shocking and repeatedly reiterating terrible noise that most of the spot workers are forcedly imposing such dangers as the severe unpleasant feeling and hearing impairments. On such point of view, this Research has attempted to extract the proper Rating Vocabulary in order for valuation on Instrument Noise made at the terrible noise-workplace, therefore it is considering that those extracted Vocabularies could be utilized as the useful materials for appraisal on Instrument Noise, also for establishment of Regulation-Standard with regard to Acoustic Psychology Experimentation and Instrument Noise.

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A study on quality transformation of Digital printing photograph according to Comporession Method (압축방식에 따른 디지털 인쇄사진의 품질 변화에 관한 연구)

  • Cho, Ga-Ram;Koo, Chul-Whoi
    • Journal of the Korean Graphic Arts Communication Society
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    • v.21 no.1
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    • pp.35-44
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    • 2003
  • Because of computer developing, the digital image making the use of many a field of application with - web-above, electronic publishing. printing, dynamic image management and photo CD production etc., however many problems of save and management. The management image use of compression moth which don't have a affect on image, reduce file size. A study used sequential DCT0based mode and progressive DCT-based mode of JPEG(Joing Photographic Experts Group) compression method and Wavelet compression method. Therefore, the analog image and digital image was changed and applied by several stages according to compression rate. It made inquiries of the optimum compression rate that be compared quality transformation between original image and compressed image. As compression image was printing simply, the quality was studied by subjective valuation method, that was studied propriety and usefulness.

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Valuing Drinking Water Risk Reductions Using Experimental Market Method (실험시장접근법을 이용한 먹는 물 수질개선에 대한 지불의사 측정)

  • Eom, Young Sook
    • Environmental and Resource Economics Review
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    • v.9 no.4
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    • pp.747-771
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    • 2000
  • This paper reports the results of a study to elicit willingness to pay (WTP) for changes in health risks from exposure to As, Pb, THM in tap water using experimental market method. The experimental market method, compared with other non-market valuation methods, allows us to use incentive compatible demand revealing scheme, to acquire market-like experience through repetitive auctions, and to incorporate learning process by providing new information during the session. Participants seemed to utilize the objective risk information in a 'rational' manner, and to change their WTP bids accordingly. Moreover they were able to reduce the 'ambiguity' in risk perception processes when objective risk probabilities provided are quite different from their subjective perceptions. Nonetheless, anchoring effects appeared to be still persistent in spite of market-like experience and learning opportunity. And implicit values entailed by WTP bid/risk tradeoffs indicate a wide variation in values across alternative risk reductions and overrated responses to very small risk reductions.

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Multisensor Data Combination Using Fuzzy Weighted Average (퍼지 가중 평균을 이용한 다중 센서 데이타 융합)

  • Kim, Wan-Joo;Ko, Joong-Hyup;Chung, Myung-Jin
    • Proceedings of the KIEE Conference
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    • 1993.07a
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    • pp.383-386
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    • 1993
  • In this paper, we propose a sensory data combination method by a fuzzy number approach for multisensor data fusion. Generally, the weighting of one sensory data with respect to another is derived from measures of the relative reliabilities of the two sensory modules. But the relative weight of two sensory data can be approximately determined through human experiences or insufficient experimental data without difficulty. We represent these relative weight using appropriate fuzzy numbers as well as sensory data itself. Using the relative weight, which is subjective valuation, and a fuzzy-numbered sensor data, the fuzzy weighted average method is used for a representative sensory data. The manipulation and calculation of fuzzy numbers can be carried out using the Zadeh's extension principle which can be approximately implemented by the $\alpha$-cut representation of fuzzy numbers and interval analysis.

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Benefit analysis of visiting healthcare in public health centers (보건소 방문건강관리사업의 편익 분석)

  • Ko, Sukja;Jung, Young-Ho;Lee, Jae Yong
    • Korean Journal of Health Education and Promotion
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    • v.35 no.5
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    • pp.69-78
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    • 2018
  • Objectives: This study is aimed to analyze service user's benefit and perceived-outcomes of visiting healthcare. Methods: Using a questionnaire survey we analyzed the subjective service quality and satisfaction of survey respondents. The sampling was designed with socioeconomic characteristics(age, sex, user group et al.), and each respondent (N=1,000) was presented with double-bounded dichotomous choice questions. To measure the value of visiting healthcare, we employed a contingent valuation method. Results: The respondents were satisfied with service and quality on visiting healthcare. And the acceptance-to-pay of respondent's benefit was 50,458 won for each visit and in totality, service user's benefit was 185.9 billion won. Conclusions: It is necessary to invest in visiting healthcare in public health centers.

A study on patent evaluation model based on Bayesian approach of the structural equation model (구조방정식 모형의 베이지안 접근법 기반의 특허평가 모델링에 대한 연구)

  • Woo, Ho-young;Kwak, Jungae;Lim, Changwon
    • The Korean Journal of Applied Statistics
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    • v.30 no.6
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    • pp.901-916
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    • 2017
  • Recently, the industrial paradigm shift to the fourth industry has already begun, and the importance of patents as intangible intellectual property in the fourth industry era is increasing day by day. Since the technical valuation of a patent is calculated according to the opinion of experts, it is costly and time consuming, and hence, the quality of the patent is judged based on subjective opinions of non-experts. Therefore, it is necessary to develop an objective and rational evaluation system for the qualitative level of patents. In this paper, we classify the valuation of patents into technicality, rights, and usability, and consider the quantitative and objective evaluation modeling of patents using Bayesian structural equation model. In particular, based on the data collected by the Korea Invention Promotion Association, we apply the Bayesian approach, which is capable of stable modeling even under small samples by using prior information, and the structural equation model, which is excellent for modeling and evaluating qualitative performance that is difficult to measure directly, to develop a patent evaluation model.

An Analytical Research on Cognitive Intensity of Valuation on the Urban Environment -A case study on KyungJu- (도시환경에 대한 시민의 가치도분석 -경주시 사례연구-)

  • 조세환;오휘영
    • Journal of the Korean Institute of Landscape Architecture
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    • v.21 no.2
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    • pp.34-49
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    • 1993
  • This research aimed to analize the cognitive intensity of valuation(C.I.V) on urban environment as a first stage of the works on evaluative urban image under the hypothesis that it could be interpreted with a correlation analysis between the C.I.V and attitude(Satisfaction of unsatisfaction Intensity) toward urban environment. As a method of a study, 118 cognitive elements were selected representing an urban environment, and each of elements was suggested to citizens of Kyungju with 7 point Likert Scale. The analysis of C.I.V was operated under the three criteria: The first, three of urban space scale(urban scale, neighborhood scale, and housing scale), the second, four elements of urban living environment(safety, amenity, healthfulness, and effectiveness), and the last, thirteen urban unit environment(housing, traffic, education, tourism, medical/health, culture, etc.). The results were as follows: C.I.V to each of 118 elements was cleary defined, showing the possibilities of being applied to a method for subjective, or cognitive evaluation on urban environment: It was revealed that citizens'C.I.V was rather higher in non-physical, qualitative elements than in physical and quantitative ones. This shows well the limitation of the objective method of evaluation of urban environment: The results of the others' studies on the image of Kyungju based on the cognitive approach, being focused on the analysis of the visual aspects of urban structure, cultural assets, historic site and tourism, were almost same as this study but it was quite different for this research to reveal well the citizens' cognition on their living environment of traffic, education, medical, etc..

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Comparison procedure in evaluation analysis of source code comparison on Embedded system (정보기기 소스코드 유사성 분석에서 목적물 검증)

  • Nam, SangYep;Kim, Do-Hyeun;Lee, Kyu-Tae
    • Journal of Software Assessment and Valuation
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    • v.17 no.2
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    • pp.31-38
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    • 2021
  • In order to analyze the similarity of the source code object material, the source code on both sides must be able to be compiled and executed. In particular, in the case of hardware-integrated software, it is necessary to check whether the hardware interface matches. However, currently, the source code is provided in an incomplete state which is not original of source code used in developing steps. The complainant confirms that the executing characteristics are similar to their own in the expression and function of the output, and request an evaluation. When a source code compilation error occurs during the evaluation process, the experts draw a flowchart of the source code and applies the method of tracing the code flow for each function as indirect method. However, this method is indirect and the subjective judgment is applied, so there is concern about the contention of objectivity in the similarity evaluation result. In this paper, the problems of unverified source code similarity analysis and improvement directions are dealt with, through the analysis cases of source code disputes applied to embedded systems.

Assessment Framework for Multicriteria Comparison Indicators in Various Electricity Supply Systems (다양한 전력생산 시스템에서 다중기준 비교지표의 평가 체계)

  • Kim Seong-Ho;Kim Tae-Woon
    • Journal of Energy Engineering
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    • v.15 no.1 s.45
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    • pp.74-81
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    • 2006
  • In this study, on the basis of an analytic hierarchy process (AHP) method and through a questionnaire on subjective preference and importance, various power supply systems were comprehensively compared with multiple decision criteria such as environmental, social, healthy, and economic viewpoints and then overall priority was assessed. When a decision-making problem is modelled by a hierarchy structure, the AHP method is regarded as a useful tool for extracting subjective opinions via the aforementioned questionnaire. Here, the overall preferences were obtained by linearly aggregating weighting vector and preference matrix. The energy systems such as nuclear, coal, and LNG power plants were selected because they took share over 90% of domestic electricity supply in Korea. Furthermore, wind power and photovoltaic solar systems were included as representative renewable energy systems in Korea. According to the results of this demonstration study, the following comprehensive comparison indicators were yielded: 1) weighting factors for 4 types of main criteria as well as for 11 types of sub-criteria; 2) preference valuation for 7 types of energy systems under consideration; 3) overall score for each energy systems.