• Title/Summary/Keyword: budget impact analysis

Search Result 126, Processing Time 0.02 seconds

Analysis of Impact Factors for the Improvement of Conceptual Cost Estimation Accuracy for Public Office Building (공공청사 개산견적 정확도 향상을 위한 공사비 영향요인 분석)

  • Jo, Yeong-Ho;Yun, Seok-Heon
    • Journal of the Korea Institute of Building Construction
    • /
    • v.21 no.5
    • /
    • pp.495-506
    • /
    • 2021
  • A Conceptual cost estimate, which is computed in the preliminary step of a project, is important for decision-making by a contractor in terms of the project budget, economic feasibility and validity analysis, and alternative comparisons. Therefore, a high error rate of a prediction model for a conceptual cost estimate can lead to various problems including excessive project expenditures and a delayed break-even point. this study proposed optimal impact factors by configuring quantitative impact factors computable in a preliminary step in various cases(combinations of impact factors). subsequently, the accuracy of different cases was comparatively analyzed by using the cases as input values of a prediction model using regression analysis. when the optimal combination of impact factors proposed in this study and other combination of impact factors were applied to the prediction model, the regression analysis-based prediction model exhibited 0.2-4.7% improvements in accuracy, respectively. the optimal combination of impact factors proposed in this study improved the accuracy of the prediction model of a conceptual cost estimate by removing unnecessary impact factor.

The Impact of If Project Types and Ownerships on IT Value Evaluation (IT 프로젝트 유형과 오너쉽이 IT 가치평가에 미치는 영향)

  • 이국희;구본재
    • Journal of Information Technology Applications and Management
    • /
    • v.9 no.3
    • /
    • pp.79-95
    • /
    • 2002
  • As the budget size and complexity of 1T investment are growing, IT value measurement becomes more critical to the success of IT management In public organizations and private firms. It has been known that there are many factors such as IT costs, risks, qualify, and usage that should be taken Into consideration during the process of measuring IT value and making IT Investment decisions. However, little research has been done so far In order to analysis factors affecting the IT value and effectiveness. The purpose of this study Is to Investigate the impact of IT Project types and ownerships on IT value evaluation. The three research questions are as follows : (1) Does IT project type such as transactional, Informational, and infrastructure have any impact on 1T value measurement\ulcorner (2) Does the IT development ownership has any Impact on IT value\ulcorner (3) Does the IT operation ownership has any impact\ulcorner The empirical research was done at S-Electronics, world-wide known and the biggest manufacturing company in Korea, based on the method of structured interview. About 200 individual Information systems have been evaluated to calculate ROI measures, the dependent variable In this study. The results of statistical analysis show that two of three Independent variables, IT project types and IT development ownership, have statistically significant effects on IT value in terms of ROI measures.

  • PDF

The Analysis of Coastal Erosion and Erosion Impact Assessment in the East Coast (동해안 침식 원인분석 및 침식 영향도 평가)

  • Park, Seon Jung;Seo, Heui Jung;Park, Seung Min;Park, Seol Hwa;Ahn, Ike Jang;Seo, Gyeong Sik
    • Journal of Korean Society of Coastal and Ocean Engineers
    • /
    • v.33 no.6
    • /
    • pp.246-256
    • /
    • 2021
  • Various development projects occurring on the coast cause an imbalance of surface sediments, causing coastal disasters or irreversible coastal erosion. Coastal erosion caused by the influence of various port structures built through coastal development can be directly identified by evaluating changes in the sediment budget, longshore sediment, and cross-shore sediment. In other words, it will be possible to evaluate the causality between coastal development and coastal erosion by classifying regions due to single cause and regions due to multiple causes according to the changes in the sediment classified into the three types mentioned above. In this study, the cause of long-term and continuous erosion was analyzed based on the analysis results of the coastal development history and the Coastal Erosion Monitoring targeting the coast of Gangwon-do and Gyeongsangbuk-do on the east coast. In addition, in order to evaluate the degree of erosion caused by the construction of artificial coastal structures, the concept of erosion impact assessment was established, three methods were proposed for the impact assessment. The erosion impact of Hajeo port was assessed using the results of satellite image analysis presented in the Coastal Erosion Monitoring Report, it was assessed that the development of Hajeo port had an impact of 93.4% on erosion, and that of the coastal road construction had an impact of 6.6%.

Local Education Welfare Financial Analysis - Focused on Busan Metropolitan City Office of Education Special Account (지방교육 복지재정의 실태 분석 연구 -부산광역시교육청 교육비특별회계를 중심으로-)

  • Lee, Young-Nae;Joo, Chul-An
    • Journal of Fisheries and Marine Sciences Education
    • /
    • v.26 no.6
    • /
    • pp.1245-1260
    • /
    • 2014
  • This paper is to analyze the size of Busan Metropolitan City Office of Education Special Account and Educational finance Changes based on the welfare types from 2009 to 2013. It also identifies the impact on welfare finance education programs that target low-income students. The size of Education welfare finance was increased to 355.3 billions (2013) from 90.9 billions (2009), with the last 5 years average annual growth rate as high as 41.9%. But there has been relative decrease in the size of selective welfare budget for low income students such as tuition assistance & IT support to low-income and vulnerable groups, rural schools support to improve facilities, education welfare priority program. The finding suggests that the size of selective welfare budget should not be decreased due to universal education welfare policy. If it is to expand the universal education welfare, then there should be redesigning of local educational finance and further revenue for local education finance to keep the budget for the education welfare target groups.

ANALYSIS ON THE EVALUATION OF PROJECT EFFICIENCY BASED ON BUDGET EXECUTION: PLANNED OUTAGE MAINTENANCE (POM) FOR ELECTRICITY POWER PLANT

  • Sungkon Moon;Sangwon Han;Myoungwon Kang
    • International conference on construction engineering and project management
    • /
    • 2011.02a
    • /
    • pp.66-73
    • /
    • 2011
  • With rapid industrialization, electric power consumption has been increasing every year in Korea and in other countries. The provision of additional power stations to produce more electricity is one possible response to this steady increase in consumption. Another alternative is to improve the efficiency of existing stations through timely and effective maintenance works. Since the construction of a new power plant involves a large amount of capital as well as difficulties in the selection of sites, the improvement of existing power stations' efficiencies is often a preferred solution. Therefore, this paper focuses on maintenance project management to address this issue. Among several types of maintenance works, this paper concentrates on planned outage maintenance (POM). This focus arises from the critical impact of POM on other maintenance work, as well as the entire process of electricity production. Unlike other maintenance work, POM is done on the basis of mid and long-term plans. In addition, only POM works are conducted during the outage of all power plants. To evaluate the efficiency of POM works, budget data relating to 164 POM projects between 2001 and 2008 was collected from 7 sites in South Korea. Data envelopment analysis (DEA) was selected as a methodology for evaluation. From this analysis, comparative study was used to determine the categories of projects that had performed well, and those with the most optimized budget structures. Moreover, through discussion with industry, this research develops a feasible proposed method by which to enhance the efficiency of POM projects.

  • PDF

Analysis of economic and environmental value of dredged soil (준설토의 경제적·환경적 가치 분석)

  • Cho, Sung-Soo
    • Journal of Environmental Impact Assessment
    • /
    • v.22 no.6
    • /
    • pp.659-665
    • /
    • 2013
  • Most of dredged soil generating millions of tons per year is treated as a waste disposing in ocean or landfill except some part of recycling. The purpose of this study is to present the prerequisite for the use of dredged soil as a resource and analyse economic and environmental values of the recycling of dredged soil. The analysis of the economic and environmental value of recycling of dredged soil as a resource showed that several trillion won of budget can be saved in construction of disposal area or landfill and that loss of about 50 million tons of aggregates from deforestation can be restored by supplyment of dredged soil preserving a mountain as big as the Namsan(Mt.) every year. In order to utilize dredged soil in more diverse areas as high value of resource, the related domestic laws are needed to be readjusted integrating laws spreaded in different government departments and a special law is prepared and enacted.

A Study on Linking BCA into the EIA System Based on Two Cases (환경영향평가와 비용편익분석 연계의 유용성- 하천관리사업 및 습지간척사업을 사례로 -)

  • Choi, Mihee
    • Journal of Environmental Impact Assessment
    • /
    • v.13 no.3
    • /
    • pp.103-114
    • /
    • 2004
  • As most of environmental impacts caused by development projects are irrevocable, a thorough review is utmost necessary. Ecological-economic integrated approach inspired by Norgaard's co-evolution theory should be applied to the environmentally adjusted CBA, which plays a decisive role in the feasibility analysis. Based on case studies of NamHan River Management Project and Yeongsangang Wetland Reclamation Project, this paper attempts to show the usefulness of linking basic plan and implimentation design to EIA and suggests to integrate EACBA into the current EIA system institutionally as a more effective policy tool for realizing sustainable development in Korea.

Localization Effort of Rail Grade Crossing Impact Analysis with GradeDec2000 (건널목 개선사업 효과의 계략적 평가 방법의 적용)

  • 조성훈;서선덕;권경숙
    • Proceedings of the KSR Conference
    • /
    • 2001.05a
    • /
    • pp.88-96
    • /
    • 2001
  • Rail crossings are major accident-prone areas. Higher traffic volume, frequent rail operation, increased train speed all contribute to increased accident rate and severity In Korea efforts are being made to upgrade currently at-grade rail crossings to grade crossings. There is, however, no quantified analysis measures to analyse the impact of rail grade crossing, thus make it difficult to prioritize different projects under the budget constraints. Projects are selected based on the negotiation between Korea National Railway(KNR) and local governments. To shed light on the development effort for Korean procedure, GradeDec 2000 program of Federal Railroad Adminstration(FRA) was applied for Korean context. Case study involving three rail crossing was ca]lied out, and results are analyzed. Research efforts which need further attention are identified, research direction is analyzed considering local procedure, and issues in the application of the procedures are discussed in detail.

  • PDF

Factors affecting regional disparities in the number of teeth sealed with pit and fissure sealants: information for the National Health Insurance (건강보험청구 치면열구전색 치아수의 지역격차와 지역수준 관련요인)

  • Choi, Jin Sun;Jung, Se Hwan
    • Journal of Korean Academy of Oral Health
    • /
    • v.42 no.4
    • /
    • pp.145-151
    • /
    • 2018
  • Objectives: The purpose of this study was to interpret regional disparities in the number of teeth sealed with pit and fissure sealants, identify the factors that affect these disparities and find solutions for the same. Methods: Data were collected from the National Health Insurance Service and Korean statistical information service using metropolis-city-rural area dental health infrastructure variables, regional health behavior variables, and local finance-related variables. Results: In 2015, the number of teeth sealed with pit and fissure sealants per 100 people was higher in the metropolis or city than in the rural area. There was a positive correlation between the number of teeth sealed with pit and fissure sealants and the number of dentists, dental hygienists, dental institutions, standardization rate of subjective awareness of well-being, standardization rate of brushing after lunch, and the proportion of welfare budget in the general budget. There was a negative correlation with the annual standardization rate of health institution use, the standardization rate of unused medical services, and the local government's financial independence. According to the final model of the multiple regression analysis, while the impact of infrastructure on dentistry was not statistically significant, the statistical significance of standardization rate of brushing after lunch, the local government's financial independence, and the proportion of welfare budget in the general budget were maintained. Conclusions: To reduce regional disparities in the volume of use of pit and fissure sealants, it was concluded that it may be effective to select regions with a consideration of the level of regional economic power, implement separate and appropriate policies and projects, and improve the awareness in residents.

The Impact of Online Reviews on Hotel Ratings through the Lens of Elaboration Likelihood Model: A Text Mining Approach

  • Qiannan Guo;Jinzhe Yan
    • KSII Transactions on Internet and Information Systems (TIIS)
    • /
    • v.17 no.10
    • /
    • pp.2609-2626
    • /
    • 2023
  • The hotel industry is an example of experiential services. As consumers cannot fully evaluate the online review content and quality of their services before booking, they must rely on several online reviews to reduce their perceived risks. However, individuals face information overload owing to the explosion of online reviews. Therefore, consumer cognitive fluency is an individual's subjective experience of the difficulty in processing information. Information complexity influences the receiver's attitude, behavior, and purchase decisions. Individuals who cannot process complex information rely on the peripheral route, whereas those who can process more information prefer the central route. This study further discusses the influence of the complexity of review information on hotel ratings using online attraction review data retrieved from TripAdvisor.com. This study conducts a two-level empirical analysis to explore the factors that affect review value. First, in the Peripheral Route model, we introduce a negative binomial regression model to examine the impact of intuitive and straightforward information on hotel ratings. In the Central Route model, we use a Tobit regression model with expert reviews as moderator variables to analyze the impact of complex information on hotel ratings. According to the analysis, five-star and budget hotels have different effects on hotel ratings. These findings have immediate implications for hotel managers in terms of better identifying potentially valuable reviews.