• 지식경영연구
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• 제8권1호
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• pp.49-63
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• 2007

This paper presents a new methodology that allows the influence of technological obsolescence and technology composite competitiveness to estimate technology economic life. In this paper the patent citation life analysis is used to estimate technology representative life, and technology residual life analysis is employed to estimate residual life using the linear and inverse functions. The technology economic life will be determined by combining the estimation results of patent citation life analysis and technology residual life analysis. This paper includes an example of applying it to the US patent data for 5 communications areas. Therefore, this logical concept can be applied usefully to determine the technology economic life and be expected to contribute to obtain credibility of technology valuation.

• 산업경영시스템학회지
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• 제34권1호
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• pp.74-79
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• 2011

Engineering valuation is a specialized discipline requiring expert knowledge and judgment, which scientifically estimates the economic value of industrial properties. By industrial properties, we mean engineering structures such as mines, factories, buildings, machines, and other industrial facilities as well as facilities of public enterprises. Particular industrial properties can have longer economic life if their performance is excellent and they are still suitable for current manufacturing needs. If not, its economic life will be shorter. As speed of technological progress becomes rapid, life-cycle and development period of a product is becoming shorter. In an industry characterized by rapid development of technology, industrial properties can become obsolescent faster. Even if they are in good working order, they could be no longer suitable for manufacturing new products based on radically different technology. In our research, we apply engineering approach to estimating functional economic life by factoring in technological obsolescence in such an industry.

• 한국신뢰성학회지:신뢰성응용연구
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• 제8권3호
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• pp.135-144
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• 2008

The economic life for three types of military wheeled vehicles with load capacities of 1/4, $1{\cdot}1/4$, and $2{\cdot}1/2$ tones has been evaluated on the basis of the equivalent acquisition and operating costs. The economic life of wheeled vehicles were calculated from 12 to 18 years by using the annual equivalent cost method. The equivalent cost was decided at the lowest point of the total amount of equivalent acquisition cost and operating cost. The operating cost were collected from the field data. The evaluated economic life can be very useful for deciding the total life cycle of these three types of military vehicles. The annual equivalent cost method may be also applied to other military equipments such as communication electronics, weapon systems, and other type of vehicles.

• 산업경영시스템학회지
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• 제30권4호
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• pp.170-181
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• 2007

The purpose of computing economic depreciation value is to find valuation of assets closely in line with market prices. The valuation of industrial assets are called Engineering Valuation. The two representative techniques for such valuation are Hulten-Wykoff Method, which estimates real value using regression equations, and T-factor Method devised at Iowa State University. The two are all empirical methods for computing service life (duration period). In this paper, we derived the service life by empirical methods using national wealth statistics, and also by more conventional methods such as original group method and retirement method. The results from each method are compared with one another. We also computed economic service life from these results. In S. Korea where amount of asset value statistics is still insufficient, the most effective method for empirically computing economic service life turns out to be the one using national wealth statistics. In addition, we also present economic relationship between depreciation value computed by using Hulten-Wykoff Method and depreciation value computed by using T-factor Method.

• 대한설비공학회:학술대회논문집
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• 대한설비공학회 2007년도 동계학술발표대회 논문집
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• pp.316-321
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• 2007

It is difficult for a superintendent or an operator of building service systems and equipment to decide the reasonable time for management of himself due to the shortage of his specialty for repair or replacement of a part of or whole equipment. But The reliable life expectancies for various building service equipment have not been prepared yet. This study shows the difference of optimal economic life and the decrease of running cost and energy consumption according to management level of the building equipment by the LCC analysis. The numerical model for building HVAC system was composed and analyses were performed for several parameters with management.

• 기술혁신학회지
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• 제15권4호
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• pp.745-765
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• 2012

기술가치평가에서 수익접근법을 사용하고자 할 경우 기술의 경제적 수명을 추정하기 위해 기술수명을 파악하는 것은 필수적이다. 2000년대 중반부터 현재까지 국내 주요기관에서 기술의 경제적 수명을 추정하기 위해 제안된 방법들은 기술수명의 한 종류인 인용특허 수명(CLT)을 기반으로 하고 있다. 본 연구는 기술가치평가를 위한 기술의 경제적 수명 추정에 있어 인용특허 수명을 활용하는데, 그 동안 간과되어 왔던 경과기간과 사업화 투자기간의 반영 방법을 개선할 수 있는 새로운 인용특허 수명 분석 방법을 제안하고자 한다. 본 연구는 이미 유형자산의 경제적 수명 추정에서 활발히 활용되고 있는 생존곡선 분석 방법을 인용특허 수명 지수 산출에도 적용함으로써 보다 객관적인 기술수명을 산출할 수 있는 방법을 제공했다. 또한 경과년수별로 인용특허 수명의 잔존 기대 수명을 산출해, 특정 경과년수에 다다른 기술의 기대 수명들을 산출하고 잔존 인용특허 수명(r-CLT)이라고 명명했다.

• Journal of Preventive Medicine and Public Health
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• 제55권5호
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• pp.415-423
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• 2022

Economic evaluations in the healthcare are used to assess economic efficiency of pharmaceuticals and medical interventions such as diagnoses and medical procedures. This study introduces the main concepts of economic evaluation across its key steps: planning, outcome and cost calculation, modeling, cost-effectiveness results, uncertainty analysis, and decision-making. When planning an economic evaluation, we determine the study population, intervention, comparators, perspectives, time horizon, discount rates, and type of economic evaluation. In healthcare economic evaluations, outcomes include changes in mortality, the survival rate, life years, and quality-adjusted life years, while costs include medical, non-medical, and productivity costs. Model-based economic evaluations, including decision tree and Markov models, are mainly used to calculate the total costs and total effects. In cost-effectiveness or costutility analyses, cost-effectiveness is evaluated using the incremental cost-effectiveness ratio, which is the additional cost per one additional unit of effectiveness gained by an intervention compared with a comparator. All outcomes have uncertainties owing to limited evidence, diverse methodologies, and unexplained variation. Thus, researchers should review these uncertainties and confirm their robustness. We hope to contribute to the establishment and dissemination of economic evaluation methodologies that reflect Korean clinical and research environment and ultimately improve the rationality of healthcare policies.

• 산업경영시스템학회지
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• 제33권3호
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• pp.219-224
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• 2010

Depreciation accounting has as its main objective, the recovery of the original cost of plant investment less net salvage, over the estimated useful life of that plant. Accuracy of the whole life technique in meeting this objective depends entirely on the original estimates of service life and net salvages for an account. Where the whole life technique has been used and original estimates prove inaccurate, excessive or deficient accumulations in the depreciation reserve frequently occur. To overcome this, the remaining life technique is suggested to better match the challenges of accelerated technology and competition within the regulated environment. The flexibility of the remaining life technique will allow an even chance to provide a complete recovery of the original cost.

• 설비공학논문집
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• 제20권8호
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• pp.556-562
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• 2008

The building HVAC systems have very different qualities of performance and durability with the superintendent's ability for management and maintenance. The poor management of these systems finally lead to the shortening of the life expectancy and result in the increase of operating costs and energy consumptions due to low efficiencies. This study presents an example of appropriate use of the LCC(Life Cycle Cost) analysis in a process of maintaining and repairing old HVAC equipments, by demonstrating the difference of optimal economic life, decrease of running cost, and energy consumption according to the management level of the HVAC equipments. But there are no reliable life expectancy and performance history data at present for optimal management of various building service equipments. Therefore, it is necessary to construct long-term database on operation results of them for more accurate and optimized LCC analysis.

• 한국지열·수열에너지학회논문집
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• 제7권1호
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• pp.23-31
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• 2011

The objectives of this study are to analyze the performance of a heat pump system with the various heat source and to carry out economic assessment for the heat pump system. The COP of the river water and ground source heat pump system was 20% higher than that of the air source heat pump system because river water and geothermal provide stable operating temperature compared with air temperature throughout the year. In addition, the economic assessment of a heat pump system using air, river water, and geothermal as a heat source was carried out. The ratio of the life cycle operating cost to the life cycle cost increased with the increase of building capacity. The payback period was found to be less than 3.3 and 4.5 years, respectively when the capacity of the river water and ground source heat pump was larger than 10 RT.