• 산업경영시스템학회지
• /
• 제42권1호
• /
• pp.137-142
• /
• 2019

There are two methods for evaluating two or more mutually exclusive projects. One is a total investment approach and the other is an incremental investment approach. The former can rank projects by the criterion of the net present value, but the latter can't do it. An incremental investment approach is only possible when all pairwise alternatives are compared. Thus an incremental investment approach is superior in ranking them over an incremental investment approach. To do so, a principle of comparison must be established. Comparisons of profitability are reasonable when operating the same amount of investment over the same period of time. One principle is that all projects are invested in the largest of the projects. Another principle is that all projects are invested during the longest project life of the projects. In this paper, even if the principle is followed, it will be shown that the external rate of return fails to rank them. However, the productive rate of return criterion would prove to be able to rank them like the net present value standard, provided that the principle of comparison is kept. In addition, rate of returns can be assessed so that all mutually exclusive projects can be compared at once, such as on the criterion of the net present value. That is, it can be also compared with many other returns, such as the profit rates on financial investments or real investments.

• 한국환경교육학회지:환경교육
• /
• 제19권1호
• /
• pp.80-89
• /
• 2006

The purpose of this study is to elucidate the concept of the internal value of environmental education (EE), and to present a new concept of 'Inquiry-Based EE' as a method to realize the internal value of EE. Since the introduction of EE, the 'external' value has been overwhelmingly present, as is shown in the commonly expressed purpose of EE. The ultimate goal of EE has been considered as to solve environmental problems through educational approach, which is important, but external value in relation with education. Generally, education has its own value, which may be more important than external value. But in EE area, that idea has not been discussed much. So, this study argued that EE has, or should have, the internal value of education. This study also examined the concept of inquiry, and presented it as two types of inquiry: the scientific inquiry and the 'insightful inquiry', and argued that the insightful inquiry is important as well as scientific inquiry in EE. Then, this study presented a new concept of 'inquiry-based EE', which can be defined as EE that is based on both the scientific and insightful inquiries, and makes the student be able to 'see' the world with the environmental world view. Lastly, this study presented also a new concept of 'Environmental Studies for EE, (ESEE)'. This means that the traditional environmental science is considered to be not well developed under the perspective of EE. From this viewpoint, this study presented the needed contents of the conceptually presented ESEE. In short, this research asserts that 'inquiry-based EE' is needed to make students 'see' the world environmentally, which is the very important value of EE, the internal value of EE, not very much examined. The 'inquiry-base EE' is considered to possibly advance EE as a new paradigm.

• 수산경영론집
• /
• 제54권2호
• /
• pp.1-14
• /
• 2023

The sustainability of fishing villages is threatened by manpower shortages due to population aging and poor settlement conditions. In the reality of poor fishing villages, the importance of women's labor is more emphasized than that of the past because female workers are key workers in fishing labor, processing and sales of marine products. However, policy support for female fishermen is not sufficient. The reason for this is that policy makers did not properly recognize the labor value of female fishermen. In fact, fishing villages have emphasized the importance of female workforce as a slogan, but there has been no attempt to estimate the labor value. There was not even a review of the methodology for estimating the value of labor that was attempted in similar fields. As a result, the policy importance of female fishermen was underestimated for there was no attempt to evaluate their value even though women had been continuously participating in the fishery from the past. Female fishermen's labor is under the dual labor structure of housework and fishing labor. Therefore, in this study, housework and fishing labor were estimated separately and the total labor value was calculated. The basic data necessary for estimating the labor value of female fishermen were obtained through a survey. The method of estimating the labor value of female fishermen was used in combination with the present income method and the total replacement cost method. As a result of the study, the total labor value of female fishermen was about 4.4 trillion won, which is about half of the total fishery production of 9 trillion won in Korea.

• 한국관광식음료학회지:관광식음료경영연구
• /
• 제16권2호
• /
• pp.153-173
• /
• 2005

The purpose of a study was the present condition comparative analysis by the case of Bakery in Hotels. The sample was selected first grade hotels in seoul. The method of research was In-depth interview. The questionee were mamagers and chefs each hotel bakery. Interview was accomplished average 45minutes. The period of the research was from 1th of Februrary, 2002 to 28th of February, 2002. The survay was composed of product operation, employee operation, equipment operation, customer operation, sales and bakery characteristics. the data was analyized by SPSS10.0 mean, maximum value and minimum value were salected. Recently, as it is getting higher of importance of bakery in the food service market and many major companies run into a bakery industry, the researches about bakery have advanced, however in fact, materials or researches about hotel bakery are fewer than franchise, in-store bakery and mass production enterprise. Especially, each hotel exchanges their information through benchmarking but data analysis - accurate materials, sales, the present condition equipment is not easy to perform. The purpose of this study was to be helpful for studying hotel bakery for others by analysis. The data was analyzed by each hotel characteristics, employee, equipment, sales, productions and the present condition sales.

• 한국관광식음료학회:학술대회논문집
• /
• 한국관광식음료학회 2005년도 학술논문발표집
• /
• pp.92-108
• /
• 2005

The purpose of a study was the present condition comparative analysis by the case of Bakery in Hotels. The sample was selected first grade hotels in seoul. The method of research was In-depth interview. The questionee were mamagers and chefs each hotel bakery. Interview was accomplished average 45minutes. The period of the research was from 1th of Februrary, 2002 to 28th of February, 2002. The survay was composed of product operation, employee operation, equipment operation, customer operation, sales and bakery characteristics. the data was analyized by SPSS10.0 mean, maximum value and minimum value were salected. Recently, as it is getting higher of importance of bakery in the food service market and many major companies run into a bakery industry, the researches about bakery have advanced, however in fact, materials or researches about hotel bakery are fewer than franchise. in-store bakery and mass production enterprise. Especially, each hotel exchanges their information through benchmarking but data analysis - accurate materials, sales, the present condition equipment is not easy to perform. The purpose of this study was to be helpful for studying hotel bakery for others by analysis. The data was analyzed by each hotel characteristics, employee, equipment, sales, productions and the present condition sales.

• 플랜트 저널
• /
• 제8권1호
• /
• pp.73-80
• /
• 2012

The structure and combustion characteristics, and the economic feasibility of the circulating fluidized bed combustion(CFBC) boiler using low grade coal were introduced. The economic feasibility is evaluated by comparing a 500 MW CFBC boiler power plant using low grade coal and a pulverized combustion boiler power plant with high grade coal. As the result of the evaluation, the pulverized coal combustion boiler power plant has an internal rate of return of 12.95%, 1,395.9 billion Korean won of net present value, and 6.26 years of payback period. On the other hand, CFBC boiler power plant has an internal rate of return of 13.54%, 1,704.3 billion Korean won of net present value, and 6.02 years payback period. Therefore, the CFBC boiler power plant has better feasibility in all aspects, as 0.59% higher of internal rate of return, 308.4 billion Korean won of higher net present value and 0.24 year of shorter payback period.

• Journal of applied mathematics & informatics
• /
• 제34권1_2호
• /
• pp.75-84
• /
• 2016

The objective of this work is to perform a geometric analysis of the net present value (NPV) and Internal Rate of Return (IRR), defining analytics and in verifying the relationship between geometric properties of such functions. For this simulation, was used the values of the cash flows for each period identical and equal to US$ 200.00 cash, the initial investment US$ 1,000.00 and investments of each identical and equal to US$ 50.00 period. In addition, the discount rate and time were considered a maximum of 2 years (24 months) at a rate between 0 and 100%. The geometric analysis of the characteristics obtained from the expressions of the Net Present Value and Internal Rate of Return possible to observe that besides the analytical dependence between these quantities , the geometric relationships are relevant when studied in relation to the zero NPV and expressed a great contribution the sense of a broad vision for the administrator in the analysis of analytical variables that in uences the balance sheet of the company.

• 보건행정학회지
• /
• 제13권1호
• /
• pp.23-45
• /
• 2003

This study was performed to evaluate economic effect of the water fluoridation program in Cheong-Ju City from 1982 to 2010. To study this economic effect, this study used cost-benefit analysis methodology from eight years old to fourteen years old in Cheong-Ju City. Major findings were as follows; First, total cost of fluoridation program in Cheong-Ju City was 1,384,164,734 korean won and total benefit was 15,057,426,621 Korean won from 1982 to 2010. Second, total cost which was converted by present value 2000 year was 1,687,412,718 won and total benefit which was converted by present value 2000 year was 14,582,548,519 Korean won. Cost-benefit ratio was 8.64. Net present value which happened from 1982 to 2000 was 7,990,710,155 Korean won and cost benefit ratio was 7.47. In conclusion, by the above result, economic impact of the water fluoridation program was very effective for children in some area of Cheong-Ju city.

• Architectural research
• /
• 제15권3호
• /
• pp.167-174
• /
• 2013

Due to increasing competition of construction companies, it is required to optimize the management of construction projects and "lean" concepts are rapidly spreaded in construction industry. Steel work accounts for a large proportion in construction work, and a variety of attempts to efficiently perform steel work has currently made. And since rebar (Engineer-to-Order) can be engineered through design once order is placed, it gives the great impact on construction, thus, entire management is required. The purpose of this study is to present the method to increase the efficiency of field processing method of steel work in terms of lean construction. Once we examine process of steel work and identify the flow, we would like to analyze which processes should be improved through value analysis approach and present the improvement plans. Also, this study examines cases of field processing and factory processing, and it identifies the waste factors in the procurement process. Finally, this study would like to present the result of analysis from the perspectives of value. The rebar delivery process is divided into several steps and the duration of every step is surveyed. Using duration data, VAT (Value added time) can be calculated for analyzing the efficiency of the process.

• 청정기술
• /
• 제29권1호
• /
• pp.59-70
• /
• 2023

This study aims to introduce a biowaste processing system that uses spent coffee grounds and implement a real options method to evaluate the proposed process. Energy systems based on eco-friendly fuels lack sufficient data, and thus along with conventional approaches, they lack the techno-economic assessment required for great input qualities. On the other hand, real options analysis can estimate the different costs of options, such as continuing or abandoning a project, by considering uncertainties, which can lead to better decision-making. This study investigated the feasibility of a biowaste processing method using spent coffee grounds to produce biofuel and considered three different valuation models, which were the net present value using discounted cash flow, the Black-Scholes and binomial models. The suggested biowaste processing system consumes 200 kg/h of spent coffee grounds. The system utilizes a tilted-slide pyrolysis reactor integrated with a heat exchanger to warm the air, a combustor to generate a primary heat source, and a series of condensers to harness the biofuel. The result of the net present value is South Korean Won (KRW) -225 million, the result of the binomial model is KRW 172 million, and the result of the Black-Scholes model is KRW 1,301 million. These results reveal that a spent coffee ground-related biowaste processing system is worthy of investment from a real options valuation perspective.