• Journal of the Korea Society of Computer and Information
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• v.21 no.6
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• pp.117-125
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• 2016

In this research, economic analysis of Integrated Information System for Nano-convergence Industy (hereafter 'NANOIN'), which was developed and has been in operation by Organization of Nano-convergence Industrial Cooperation, is conducted. For this purpose, the research has been carried out in the following order. First, NANOIN user's maximum willingness-to-pay is estimated using contingent valuation method, the number for NANOIN users is estimated using Bass Diffusion Model, and annual benefit from NANOIN is estimated. Next, annual cost from NANOIN is estimated using annual budget for NANOIN related planned activities. Finally, economic value of NANOIN is evaluated using economic analysis applied to the estimated annual NANOIN benefit and cost. From the economic analysis, it is found that NANOIN has some economic value. It is expected that the procedures suggested in this research can help to systematically evaluate economic value for public goods which have not only uncertain benefit from user's side but also uncertain demand just like NANOIN.

• Korea Journal of Hospital Management
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• v.28 no.1
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• pp.1-13
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• 2023

Purpose: This study purposed to analyze the economic feasibility of introducing a third party logistics system as a strategic alternative to hospital management. Methods: Economic analysis was performed by measuring changes in costs and benefits before and after implement the third party logistics system and estimating the size of net benefits for the next five years for the target hospital. A questionnaire survey and in-depth interview with stake-holders were conducted to find out the satisfaction and effectiveness of the system. Findings: According to results, the cost-benefit ratio for the implementation of the system was 1.18. For the next five years, the cost-benefit ratio was 1.48, the net present value was about 1.7 billion won, and the internal rate of return was 64%. The satisfaction of internal stake-holders was relatively high, in terms of improving the concentration of unique tasks and increasing the efficiency of inventory management. Practical Implications: It was found that the increase in benefits had a greater effect on the change in the cost-benefit ratio than the increase in costs resulting from the expansion of logistics, and the increase in the present value of net benefits gradually decreased as the cost increased. In addition, overall job satisfaction and satisfaction with outsourcing companies were relatively low, which means that stabilization of the new system is important. Further study is needed for more accurate economic analysis.

• The Journal of Fisheries Business Administration
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• v.40 no.3
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• pp.127-146
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• 2009

This study is to estimate the factor weights of the reasons for decreases in marine fishery resources using the Analytical Hierarchy Process. Furthermore, it classifies 20 fishes under a fishery resource recovery plan into various groups of fishes according to these factor weights using the non-hierarchial cluster analysis. The factors of decreases in marine fishery resources are identified as bio-ecological, technology-system, economic-business, and fishing village-society factors. Two of the most important factors of decreases in resource are turned out to be the economic-business and bio-ecological factors, estimated as 31% and 30% respectively. The technology-system and fishing village-society factors are estimated as 21% and 18% respectively. The study utilizes non-hierarchical cluster analysis in order to classify 20 fishes into 2, 3, and 4 groups. K-means cluster analysis is applied for grouping in conjunction with ANOVA to identify statistical differences in factors. Once again, the economic-business and bio-economic factors play main role in grouping 2-groups of fishes case. The third group of fishes in addition to the previous 2 groups of fishes appears as those 4 factors of decrease evenly play about the same role at a 3-groups of fishes case. Finally, the economic-business and bio-economic factors are turned out to be evenly important in the 4th group once there are 4-groups of fishes.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.21 no.2
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• pp.71-78
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• 2009

Up until recently, the energy and the economic analysis of a cogeneration system have been implemented by a manual calculation that is based on monthly thermal loads of buildings. In this study, a cogeneration system modeling validation with a detail building energy simulation, eQUEST, for a building energy and cost prediction has been implemented. By analyzing the hourly building electricity and thermal loads, it enables users to decide proper cogeneration system capacity and to estimate more accurate building energy consumption. eQUEST also verified the energy analysis when the heat pump system is integrated with the cogeneration system. The mechanical system configuration benefits from the high efficiency heat pump system while avoiding the building electricity demand increase. Economic analysis such as LCC (Life Cycle Cost) method is carried out to verify economical benefits of the system by applying actual utility rates of KEPCO(Korea Electricity Power COmpany) and KOGAS(KOrea GAS company).

• Journal of Information Management
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• v.39 no.3
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• pp.73-94
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• 2008

The science & technology information is core point of the knowledge based society which will accomplish the role which economic development is lead. Simultaneously, Korea will jump at powerful country of knowledge information. But, There is not analysis about affects in the economic growth and various economic structure which follows in national knowledge information system development. This research analyses the economic ripple effects, in terms of production inducement effect, added value inducement effect, import inducement effect, labor inducement effect, of national knowledge information system development in KISTI from 2001 to 2008, using an input-output analysis of the bank of Korea(2007). It also examines economic propriety using an benefit-cost analysis for national knowledge information system development.

• KDI Journal of Economic Policy
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• v.45 no.1
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• pp.33-68
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• 2023

The present article investigates empirically whether non-reciprocal trade preferences (NRTPs) offered by QUAD countries (Canada, the European Union, Japan, and the United States) to developing countries have helped to promote economic growth in the beneficiary countries. Two main blocks of NRTPs are considered here: Generalized System of Preferences (GSP) programs and other trade preferences programs. The analysis used a set of 90 beneficiary countries of NRTPs that are concurrently recipients of development aid over the period of 2002-2018. Using the two-step system generalized method of moments, the analysis indicated that while a higher degree of utilization of each of these two blocks of NRTPs has been associated with a high economic growth rate, development aid enhances this positive effect. This highlights the need for donors to support a development strategy based on the provision of both development aid and NRTPs if they are to help beneficiary countries to promote economic growth. Finally, when the positive economic growth effect of the utilization of NRTPs is higher, the result is a greater country's share of exports (under preferential tariffs) to QUAD countries out of their total merchandise exports.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.7
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• pp.950-956
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• 2012

As development of battery technologies, the installation of Battery Energy Storage System (BESS) increased. The BESS can be used for various purposes such like frequency response, load leveling, and fluctuation mitigation of renewable energy generators. In this paper, three state BESS model is proposed. the BESS model considering charge, discharge and keeping efficiency, and life cycle according to depth of discharge (DOD). Then, the benefit and cost of BESS installed at substation for load leveling are summarized. The economic evaluation of BESS is analyzed using net present values (NPV) analysis. In case study, the NPV analysis of NaS battery system is carried out using the proposed BESS model. Because the result of economic evaluation of BESS using nowadays cost data is not positive, the sensitivity analysis of BESS is conducted by changing the capital cost and energy cost.

• Proceedings of the KIEE Conference
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• 2002.07b
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• pp.1316-1318
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• 2002

A methodology for reliability and economic analysis of wind embedded electric power system is presented in this paper. This is done by evaluating the reliability index, loss of load expectation (LOLE), for the power system with and without integration of wind system in the overall electric power system. Economic analysis of the wind energy embedded electric system is done in terms of conventional fuel saving assessment due to the use of wind power generation units.

• Korean Journal of Agricultural Science
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• v.39 no.3
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• pp.451-458
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• 2012

Irrigation facilities such as reservoir, sluice, and waterways are managed for preparing flood or drought. It is necessary to efficiently measure water level, flow rate, and related data in national-wide scattered irrigation facilities and to systematically manage data obtained from the facilities. This paper presents a management system for irrigation facilities in order to fast and exact measure their states. The management system consists of mobile device with QR-code function, sensors and gateways, a monitoring system and telecommunication networks. In order to present the benefits of the adoption of the management system against the legacy hand-writing way, this paper presents a economic analysis and its illustrative result.

• Ocean and Polar Research
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• v.32 no.3
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• pp.255-265
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• 2010

This study evaluated economic feasibility and provided rationale for the development of the Korean Operational Oceanographic System (KOOS). KOOS is supposed to be established for the preservation and management of marine environments, and for the safety of ocean activities. Economic issues associated with operational oceanographic systems are discussed. During the operational period of KOOS associated with conservative small-input scenarios, and according to the macroeconomic inputoutput analysis, the system was estimated to generate 8.3 times its actual proposed economic investment (about KRW 327.7 billion). Other rationales that cannot be easily quantified were also discussed.