• Health Policy and Management
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• v.14 no.2
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• pp.58-77
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• 2004

Cost containment has become high political issues since financial crisis of the Korean Health Insurance fund in 2000. Korean Government has developed and implemented several measures to reduce the pharmaceutical expenditures. Pharmaceutical economic evaluation can be a tool in decision to allocate scare resource efficiently. In order to increase the quality of economic evaluation for pharmaceuticals, the Korean Health Insurance Review Agency(HIRA) is considering the development of a guideline for economic evaluation. It mandates that pharmaceutical companies could submit the result of an economic evaluation when demanding reimbursement of new pharmaceutical drugs. The purpose of this study is to provide a critical review of the economic evaluations of health care technologies published in the Korean context whether they have been performed according to current guidelines and therefore whether their results are directly useful for decision making. We found there exist important problems and deviation from, good practice' both in the general features of the studies, like the study design and perspective, and in terms of cost measurement and valuation. There are needs to develop clear guidelines and to educate and train researchers in performing economic evaluations.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.45 no.4
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• pp.31-41
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• 2022

As the environmental impacts of fossil fuel energy sources increase, the South Korean government has tried to change non-environmental-friendly enery sources to environmental-friendly energy sources in order to mitigate environmental effects, which lead to global warming and air pollution. With both a limited budget and limited time, it is essential to accurately evaluate the economic and environmental effects of renewable energy projects for the efficient and effective operation of renewable energy plants. Although the traditional economic evaluation methods are not ideal for evaluating the economic impacts of renewable energy projects, they can still be used for this purpose. Renewable energy projects involve many risks due to various uncertainties. For this reason, this study utilizes a real option method, the Geske compound model, to evaluate the renewable energy projects on Jeju Island in terms of economic and environmental values. This study has developed an economic evaluation model based on the Geske compound model to investigate the influences of flexibility and uncertainty factors on the evaluation process. This study further conducts a sensitivity analysis to examine how two uncertainty factors (namely, investment cost and wind energy production) influence the economic and environmental value of renewable energy projects.

• Journal of Korea Port Economic Association
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• v.33 no.1
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• pp.11-30
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• 2017

In addition to recession, world shipping companies are undergoing restructuring due to excess of "World Container Cargo volume" per "World Containership capacity" (in TEU terms). This excess is attributed to the absence of standard index of calculating the "World Containership capacity" (in TEU terms) for "World Container Cargo volume." The purpose of this study is to develop indices and terms: "World Containership capacity (in TEU terms) Standards Index; WCSI" and "World Containership capacity (in TEU terms) Expected Index; WCEI." The comparison between "WCSI" and "WCEI" made in this study is presented below. WCSI (Average voyage 9.3) > WCEI Excess shipping (in TEU terms) WCSI (Average voyage 9.3) = WCEI Optimum shipping (in TEU terms) WCSI (Average voyage 9.3) < WCEI Short shipping (in TEU terms) WCSI=HRCI $1000{\pm}150$ Value approx. The study shows that it is possible to predict "optimal supply of the world's containership capacity" (in TEU terms), "excess or shortage of shipping" (in TEU terms), "order time of container-ship capacity building" (in TEU terms), "order quantity of containership capacity" (in TEU terms), and "stable of World Shipping Companies" by "WCSI" and "WCEI." The development of "WCSI" and "WCEI" aim to help overcome the crisis of recession by establishing effective business strategies for world shipping companies and their supporting companies.

• STI Policy Review
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• v.4 no.2
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• pp.74-95
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• 2013

Rapid changes in the economic, social and academic environments often provide opportunities to develop new and advanced technologies. In China, recent literature on the role of universities suggests that university-industry linkages (UILs) play a substantial role in the development of high-tech industries. Since 1979 when the country became more open and underwent economic reform, Chinese central authorities, local governments, and universities have continued to set up various science and technology (S&T) policies to stimulate UILs, contributing to China's technological progress and economic growth. This study examines the role of S&T policies on UILs such as transfer of technology, joint research, and spin-off creation with a particular focus on Nanjing University (NJU) in Jiangsu Province. Nanjing has over 53 universities, ranking it behind Beijing and Shanghai in terms of S&T and higher education opportunities. By adopting "institutional methodology," this study contends that UILs not only benefit universities and industry but also society in terms of job training, consulting activities, joint research, R&D results commercialization, patent licensing, new business creation, and other aspects. Finally, we suggest that the Chinese experience, though with some problems, might enhance our understanding of how to stimulate UILs through the arrangement of various S&T policies.

• YAKHAK HOEJI
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• v.52 no.2
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• pp.101-110
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• 2008

Total Knee Replacement (TKR) surgery is one of the invasive procedures for patients with late-stage knee joint disorders. In the present study, economic efficiency was compared between uses of the 2nd and 3rd generation cephalosporins for the prophylaxis before and after the surgery using frequency analysis in terms of various factors such as medication costs, the number of days of antibiotic use and hospitalization due to TKR surgery. The results showed that the 3rd generation cephalosporins did not reduce the infection rate and total medication costs, but rather raised antibiotic cost in comparison with the 2nd ones. A frequent use of the 3rd ones is closely related to emergence of resistant bacterial strains. Therefore, we suggest that unnecessary prescriptions for the broad spectrum antibiotics should be avoided.

• The Journal of Korean Institute of Electromagnetic Engineering and Science
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• v.25 no.10
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• pp.1005-1019
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• 2014

In this paper, we proposed the frequency candidates band for the spectrum sharing through researching and analyzing the current status of the policy and the economic values which is actively conducted on the United States and Europe. To this end, we investigated to the status and problems with the frequency reallocation and arrangement in respond to the current frequency demand. To solve these frequency reallocation and arrangement method problems, we introduce to the concept and current status of policy for the frequency method progress by advanced countries mainly. Also the results of the economic value analysis introduced in terms of the operators. In addition, we proposed the assessment terms and criteria for the selection of frequency candidates band through joint research and analysis results.

• Journal of the Economic Geographical Society of Korea
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• v.22 no.3
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• pp.304-320
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• 2019

Interest in gazelle-firms, which contribute to sustained job creation, is increasing. This study aims to analyze the regional characteristics of employment by gazelle-firms in terms of job quality as well as job quantity. Furthermore, the characteristics by industry for each type are compared. The major results are as follows. First, the regional characteristics of job creation are varied in terms of the quantitative and qualitative aspects. Second, it is found that the characteristics by industry for each type are different. Therefore, each type should have discriminative strategy. These results provide policy implications that gazelle-firms' policies should be tailed to regional characteristics in order to foster gazelle-firms more effectively.

• Journal of Environmental Impact Assessment
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• v.12 no.1
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• pp.55-72
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• 2003

The term sustainable development is being used widely since WCED suggested it in 1987. This paper aims at catching up its sociological implications. For doing this, the paper examined some major existing researches on sustainable development. It was found that sustainable development has been defined as an economic development with the preservation of nature as an environment of human life. In this sense, the existing concept of sustainable development is an economic perspective. Sustainable development as an economic perspective is faced with some limitations and/or problems. They are summarized as follows. The human-made environment is excluded from the concept of sustainable development. Its ideology is anthroponcentric in that the sustainability of nature is a necessary condition for economic development. The objective reference which can measure whether the current state of nature is sustainable or not is not proposed. Consequently, sustainable development results in merely a survivability of economy, a new form of economic utility and/or a successful economy. In terms of sociological perspective, economy and nature can not be sustainable without other social factors being sustainable, because all social factors including economy and nature exist in a causal mechanism. This means that sustainable development should be approached from a multi-dimensional perspective. The multi-dimensional approach can be a framework of sustainable development in terms of whole society, then can be termed sustainable society which implies not a sustainable development, but a societal development. The factors which should be included in the sustainable society are, at least, nature, economy, population as an aggregate, mode of living existence of people as a cultural actor, technology, and social structure.

• Journal of Family Resource Management and Policy Review
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• v.8 no.1
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• pp.29-45
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• 2004

This study compared household's investment behaviors over consumer's ages before and after the economic crisis using 1995 and 2000 National Survey of Family Income and Expenditure in korea. Household's investment behaviors were compared in terms of household's financial statements, amounts and proportions invested in various assets, and rate of return on investments. The proportion invested in securities of all households. In terms of the proportion invested, consumers under 40s increased the proportion invested in insurance while consumers over 50s increased the proportion invested in savings and trusts in 1995 than in 2000. Consumers of all ages increased the proportion invested in securities in 2000 than in 1995. Young households had higher rate of return in 1995 while old households had higher rate of return in 2000.

• Korean Management Science Review
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• v.32 no.3
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• pp.91-103
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• 2015

This study recognizes that there is a correlation between the movement of the financial market and the sentimental changes of the public participating directly or indirectly in the market, and applies the relationship to investment strategies for stock market. The concerns that market participants have about the economy can be transformed to the search terms that internet users query on search engines, and search volume of a specific term over time can be understood as the economic trend of big data. Under the hypothesis that the time when the economic concerns start increasing precedes the decline in the stock market price and vice versa, this study proposes three investment strategies using casuality between price of domestic stock market and search volume from Naver trends, and verifies the hypothesis. The computational results illustrate the potential that combining extensive behavioral data sets offers for a better understanding of collective human behavior in domestic stock market.