• Environmental and Resource Economics Review
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• v.31 no.4
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• pp.619-644
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• 2022

The purpose of this study is to estimate the economic benefit of improving ground water quality in Jeju Island, where groundwater pollution has recently become a social issue and various water quality improvement projects are being promoted. By applying the contingent valuation method, an online survey was conducted on Jeju Island residents to analyze the response data of 542 respondents and estimate the mean willingness to pay using 16 models. The estimation of the double-bounded dichotomous choice model confirmed that each household was willing to pay 28,008 won per year, with the willingness to pay estimated at a minimum of 17,762 won and a maximum of 37,416 won based on different models. The total annual benefit for Jeju Island's ground water quality improvement was estimated to be about 8.66 billion won , and socioeconomic factors influencing willingness-to-pay were investigated. This study is expected to serve as a foundation for the development of environmental improvement policies by assisting in the understanding of Jeju Island's unique water resource environment.

• Journal of Korea Society of Waste Management
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• v.34 no.2
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• pp.140-147
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• 2017

This study was conducted to evaluate the effects of physical characteristics. Twelve specific odorous compounds and various sources of bacteria were tested via treatment of food waste using an ultra-thermophilic aerobic composting process. Food waste was mixed with seed material and operated for 47 days. During composting, the temperature was maintained at $80-90^{\circ}C$. The variations in $O_2$, $CO_2$ and $NH_3$ production suggested typical microorganism-driven organic decomposition patterns. After composting, the concentrations of 12 specific odorous compounds other than ammonia did not exceed the allowable exhaust limits for odor. After composting, thermophiles represented 50% of all bacteria. After composting, the percentage of thermophile bacterial increased by 15%. Therefore, both stable composting operation and economic benefit can be expected when an ultra-thermophilic composting process is applied to food waste.

• Proceedings of the Korea Water Resources Association Conference
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• 2023.05a
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• pp.355-355
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• 2023

댐 운영은 크게 홍수기에 치수에 대비하며 갈수기에 효율적인 이수를 목표로 한다. 최근 기후변화와 함께 강수량이 지역별로 편중되며 국지적 가뭄과 편향적인 장기가뭄의 발생 빈도가 증가하고 있는 추세이다. 이상 가뭄이나 홍수에 대비하기 위해서는 정형화된 수자원 관리보다 물 공급의 안정성 확보 및 수재해 방지 등을 목적으로 다양한 정책을 활용한 통합적 수자원 관리 시스템이 요구되고 있다. 일반적으로 가뭄 시 댐의 운영은 가뭄 대응단계별 용수공급조정기준에 따라 생공용수 여유량, 하천유지용수, 농업용수, 생공용수 순으로 감량하게 된다. 또한, 다양한 가뭄대책을 종합적으로 시행함으로써 가뭄에 대응하고 있지만, 해당 대책 간 우선 순위 혹은 가뭄정도에 따른 효율적인 대책 선정을 위한 대책별 편익 및 기여도에 대한 연구 사례는 제한적이다. 본 연구에서는 국내 댐의 용수별 경제적 편익을 고려한 가뭄 대책의 기여도를 산정하는 방법론을 제시하고자 한다. 이를 위해 문헌조사를 통해 수집된 용수별 추정사용량을 계산하여 경제적 편익을 확보하였으며, 유역별 댐의 용수별 편익을 생공용수, 농업용수, 하천유지용수를 2023년 물가 기준으로 산정하였다. 또한 17개 국내 다목적댐의 댐별 시행 중인 가뭄 대책별 운영 상황을 모의하여 각 가뭄대책의 경제적 편익을 산정하였다. 마지막으로 기여도 산정은 동일 댐에서 가뭄 대책의 경제적 편익에 따른 가중치를 부여하여 댐별로 산정하였다. 본 연구에서 제시하는 방법론은 각 이해당사자의향후 가뭄대책의 우선도를 고려한 체계적인 댐운영 의사결정을 위해 근거를 제공할 수 있을 것이다.

• Asia-Pacific Journal of Business
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• v.13 no.1
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• pp.263-275
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• 2022

Purpose - This study estimated the non-market value of pumped storage power generation using the contingent valuation method(CVM). Design/methodology/approach - CVM, a non-market value estimation method, was used. The perception of pumped storage power generation and the willingness to pay(WTP) for pumped storage power generation were investigated among 612 randomly selected households. Findings - It was analyzed that the average value per household was 7309.99 won/month, and the sources of these benefits were 1819.37 won due to the improvement of power generation efficiency, 1320.48 won due to the improvement of power system reliability, 2359.24 won due to the stabilization of electricity rates, 2110.89 won due to water resource management It was assumed that a circle occurred. If the average monthly benefit per household is expanded to cover countries across the country, it is estimated that the annual value to our society from pumped storage power generation will be KRW 1.796.6 trillion. Research implications or Originality - It is necessary to consider the operation of pumped-water power generation by reflecting the value of pumped-up power generation that is not evaluated in the market. Since Korea's electricity market is isolated in a state where it is impossible to connect with other countries, it may be vulnerable to a stable electricity operation system. Therefore, there is a need for a facility that can stably secure reserve power and produce power quickly when necessary. If pumped-water power generation is actively used for power operation, a more stable power system can be secured.

• Journal of Digital Convergence
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• v.19 no.11
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• pp.301-313
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• 2021

The automotive industry is facing a paradigm shift, changing from owning to sharing and from manufacturing to service. However, it is hard to conclude that the economic value of smart mobility service is always positive to users. Cost related to owing or share a vehicle is very hard to estimate from the perspective of potential users as well as the benefit of the service. Focusing on the cost side of the story, this study develops a cost estimating model based on three main factors: electrification, advanced driving assistant systems (ADAS) function, and participation of ride-sharing service. As a result of the model analysis, low cost was estimated as a result when receiving cost benefits such as electrification and ride-sharing participation. Various factors were analyzed through sensitivity analysis also. These results can provide useful insights into the cost prediction and strategies for potential users and manufacturers on smart mobility service market.

• Journal of the Architectural Institute of Korea Planning & Design
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• v.36 no.2
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• pp.79-86
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• 2020

In order to accommodate the increase in urban population due to government-led national planning and economic growth, many buildings such as houses and business building were supplied. Although the building law was revised and managed to manage the supplied buildings, for the sake of economic benefit, there have been buildings that are enlarged or reconstructed without declaring building permits. In order to manage these buildings, on-site surveys were conducted. but it has many personnel consumption. To solve this problem, a method of using a satellite image and a manned aircraft is utilized, but it is diseconomical and a renewal cycle is long. In addition, it is not utilized to the height, and although it is judged by the shading of the building, it has limitations that it must be calculated individually. In this study, height of the building was calculated by using the unmanned aerial vehicle with low personnel consumption, and the accuracy was verified by comparison with the building register and measured value. In this study, spatial information was constructed using a fast unmanned aerial vehicle with low manpower consumption and the building height was calculated based on this. The accuracy by comparing the calculated building height with the building register and the actual measurement.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.31 no.11B
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• pp.997-1004
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• 2006

There is a growing demand to access the broadband internet while on the very fast move. In order to meet these users needs, much research has been made for providing the broadband internet and HDTV services via satellite broadband internet systems even at top train speeds above 200km/h. In this paper, economic analyses on the satellite broadband internet services for KTX are to be reviewed. Broadband internet to trains in Europe are investigated, and Boeing cases for planes are also examined. In the first step, system configuration which is composed of a hub, terminals, satellite, and gap fillers for the tunnel areas has been proposed. A terminal includes a ultra-fast high gain antenna installed on the roof of the train, and APs inside the coaches. Secondly, cost estimation on the capital expenditures as well as operating expenditures has been performed in the proposed configuration. From the european and Boeing cases, demand and tariff are postulated, consequently, service revenues are derived on the scenario basis. Thirdly, estimated costs and derived revenues make up net present value and internal rate of return in each scenario. Finally, conclusions and contribution of this study are presented.

• Journal of the Korean Society of Environmental Restoration Technology
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• v.26 no.6
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• pp.33-50
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• 2023

This study is to propose the ecosystem service valuation method as a complementary or alternative tool to overcome the limitations of the contingent valuation method(CVM), typically used to assess social benefits in preliminary feasibility studies. With an increasing interest in natural and environmental restoration projects, we assessed social benefits with theses CVM and ecosystem service valuation method from a case of Janghang wetland restoration project and compared the extent of the two social benefits. For quantitative evaluation of ecosystem services, the biophysical quantity for each ecosystem service indicator was calculated and then converted into currency (KRW) units to estimate the economic value of ecosystem services. The four ecosystem regulating service indicators were selected including greenhouse gas capture/storage, air pollution, water quantity and quality regulation. The amounts of CO₂ sequestration and storage as a ecosystem's greenhouse gas regulating service in the study area were 73.04 tCO₂/yr and 5,867.53 tCO₂/yr respectively. The reduction of SO₂, one of air pollutant gases by ecosystems was calculated to be 180.27 kg/yr, the reduction of NO₂ to be 378.90 kg/yr, and the reduction of fine dust (PM10) to be 9,713.92 kg/yr. The amount of freshwater regulating service by the ecosystem was estimated to be 459,394,319ℓ/yr, and the amount of nitrogen in freshwater removed by the ecosystem was 78.00kg/yr. Study results show that the benefits derived from the CVM were KRW 227.8 billion over the 30-year analysis period and those from the ecosystem service valuation method were KRW 41.4 billion for regulatory services and KRW 148.8 billion for cultural services, totaling KRW 189.5 billion. With KRW 184.8 billion of the total costs, the benefit/cost ratio using the CVM was 1.23 and that with the ecosystem service valuation method was 1.03. This study implications include that the CVM and ecosystem service valuation method can be applied together to assess and compare social benefits for natural and environmental restoration projects.

• Journal of Korea Water Resources Association
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• v.40 no.12
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• pp.995-1005
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• 2007

This study presents a framework for optimum scale determination for small hydropower development in a river basin. The framework includes the construction of hydrology and topography data, the simulation of hydropower operation, the economic analysis, and the determination of optimum scale of the small hydropower. The optimum scale of design flow and facility are determined by Net Present Value among economic analysis indices. The investment cost is estimated by the cost function derived from the construction cost of existing small hydropower plants. The benefit from power generation is estimated by the price announced by government. The presented framework is applied to the two potential sites in Cho River basin for the dam and run-of-river type of plants. Finally, the sensitivity analysis for a design flow and scale of the plant is performed for the each site. The usage of the framework presented in the study is highly expected for the estimation of potential hydropower resources or the decision support tool for a proprietor by estimating the optimum scale and economical feasibility in advance.

• Journal of Korea Port Economic Association
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• v.29 no.4
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• pp.289-323
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• 2013

This study set out to estimate and compare benefits of damage in case of storm surge at the Masan Port by using two of the most representative methodologies used to estimate benefits in port disaster prevention facility construction, namely CVM(contingent valuation method), which estimates the values of non-market goods, and MD-FDA(multi-dimensional flood damage analysis), which had usually been implemented in flood or dam projects. The benefit estimation for 30 years of costs was 2.5689 trillion won for CVM and 2.9596 trillion won for MD-FDA, which indicates that there was no big difference in benefits among disaster prevention facilities. However, in-depth testing should follow to figure out whether MD-FDA can replace CVM, which has been tested with non-market goods, when estimating the benefits of disaster prevention facilities based on those findings.