• Environmental and Resource Economics Review
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• v.12 no.2
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• pp.217-244
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• 2003

As energy industry is undergoing a rapid structural changes, economic feasibility analysis based on the conventional discounted cash flow (DCF) method has limitations to incorporate management's flexibilities. We present a real options pricing method (ROPM) which can be applied to an energy sector as an alternative. In order to examine the usefulness of ROPM, this study compares the result of DCF method applied to the investment of cogeneration power plant with that based on the ROPM incorporating the value of real of options inherent in the project. The simulation results show that the value of investment opportunities improves using ROPM compared to that with the conventional DCF methods. Therefore, a specific project which appears to be unprofitable from the conventional point of view could be, actually, an economically feasible one based on ROPM method, when properly incorporating the management's flexibilities inherent in the project.

• Journal of the Korea Society of Computer and Information
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• v.17 no.4
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• pp.155-161
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• 2012

The purpose of this paper is to analyze the structural relationship of the impact on the business performance when it pursues resource based production strategies, nurtures core competency, develops core product lines and innovate its business models as part of a strategy of value innovation and to validate how the nurturing core competency can have an impact on the execution of the value innovation strategies. This paper confirms that there is a structural relationship, which is logically and conceptually valid, among the core competence, value innovation strategies and business performance of manufacturing companies. In order to maximize the business performance which is the eventual objective of a company, it must strategically nurture its core competence, which will be a main driver of the future competitiveness and diversify its management based on the value innovation strategies.

• Journal of Digital Contents Society
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• v.15 no.5
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• pp.595-602
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• 2014

Cloud computing is already well known paradigm that a support computing resource flexible and scalable to users as the want in distributed computing environment. Actually, cloud computing can be implemented and provided by virtualization technology. Also, various products are released or under development. In this paper, we built the teaching practice system using cloud computing and evaluated practical environment which constructed over a virtual machine. Virtualization-based cloud computing provides optimized computing resources, as well as easy to manage practical resource and result. Therefore, we can save the time for configuration of practice environment. In the view of faculty, they can easily handle the practice result. Also, those practice condition reuse comfortably and apply to various configuration simply. And then we can increase capabilities and availabilities of limited resources. Additionally, we measure the performance requirements for educational applications through evaluation of virtual-based teaching practical system in advance.

• The Journal of the Convergence on Culture Technology
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• v.10 no.4
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• pp.145-157
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• 2024

This study empirically analyzed the relationship between founder competency and business performance based on the premise that founder competency is the main internal resource of a company from a resource-based view, using a sample of 2,196 startups less than five years old collected and evaluated by the Korea Technology Finance Corporation during the 2016 technology evaluation. The results showed that the technological, managerial, and financial competence of founders had a positive effect on the business performance of startups, and the characteristics of founders' academic major had a moderating effect on the relationship between founder competency and business performance. Based on these findings, this study contributes to the theoretical discussion that technological, managerial, and financial competencies of founders are factors that improve business performance, and provides practical and policy implications for effective entrepreneurship education by suggesting that entrepreneurship education should be transformed and strengthened, including cross-training of founders majoring in science and engineering to foster managerial and financial competencies.

• Journal of Information Technology Services
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• v.15 no.2
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• pp.125-155
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• 2016

By reclassifying and reinterpreting the factor variables that were used in precedent studies on company informatization by research theme and perspective on them success factor, the present study tried to examine how different the factor variables are in frequency of use and by period, and how importantly they were considered by research theme and perspective on its success factor, combining them with the studies done on mechanism point of view. The key findings of this study are as follows. First, it was found that the frequency of using mechanism variables, which are reclassified based on SER-M perspective, has gradually increased since 1990s. While the frequency of using resource factors sharply increased in 1990s, it decreased from 2000s. It indicates that more studies were conducted of mechanism factors other than resource factors from the early 2000s. Second, when looking at those variables reclassified by research them, it was found that such theme as decision maker, environment, and resource factors were more used than other research themes in the studies on the measuring factors of informatization. Mechanism factors turned out most used among overall research themes. In particular, they were more frequently used in studies related to the performance of informatization. This result evidences that mechanism-related variables are more importantly considered in the studies than other factors. This study produces a practical implication: what factors companies have to manage and secure intensively to attain successful informatization. In addition, this study helps companies seeking informatization understand and take advantage of SER-M factors on the basis of knowledge in the transitional process of the factor variables used in studies by period. It is expected that CIO can use the key findings of this study in monitoring the factors by the stage of informatization.

• Journal of Korean Society of Rural Planning
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• v.3 no.1
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• pp.54-67
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• 1997

Korean societies have been experiencing the wholesale structural changes in the rapid currents of recent openness, globalization and democratization, which effect much more heavily in rural areas than in urban areas, so rural recomposition works being an important national concern. In order to systematically reconstruct the rural structure, the decision makers, with a four step hierarchy of rural resident-residents group-community-region, should be endowed with the objective judgement on basic elements of resource potentialities under their control. In this process. rational resource evaluation works would be firstly necessiated from expert groups. Based on the view mentioned above, this study principally aimed at developing a rational evaluation framework for rural resources. For that objective, the first step of the study pigeonholed the total resources items identifiable in rural areas from the existing study results, spatial planning and field surveying data. After then, using the formalized classification criteria of resources items, a tentative goal system for rural resources evaluation was proposed and the final one determined through expert-group checking. The results obtained during the study are summarized as follows ; 1. Using the existing examples of resources identification/classification and the basic data list for county-level development planning as the principal reference ones, total rural resources elements were classified into 3 constituent units : land, natural environment and human resources, which correspond to places to work, to play and to live, respectively, as 3 constituent ones of life-supporting space. 2. Three characteristic areal types were adopted to represent the total rural areas : lowland, upland and seashore areas, and also 3 practical use types to represent the objectives of resources evaluation systems : for land use planning, natural conservation policy and village improvement planning. Thus 9 different types of goal system for resources evaluation were developed(each system by 3 areal typesX3 practical use types) 3. Each goal system has 3-tier classification steps from the higher, middle and lower one. The higher and middle steps should contain equally applicable components to all the rural areas, of which allowable number being around 3 and 4 respectively. However the lower step would contain detailed sub-components changeable to areal characteristics of which allowable number being around 7.

• Ocean and Polar Research
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• v.23 no.3
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• pp.265-277
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• 2001

This paper aims at overviewing Korean fisheries profile with a view on why Korean fisheries need marine ranching program as a new fisheries paradigm - a community-based co-management approach and drawing some policy implications from the advanced experience in fisheries. The aims of community-based co-management approach as a planned approach can be set out under the planning objectives of efficiency and equity. In this context Tongyeong marine ranching program is an important government-sponsored pilot enterprise. Experiences in the advanced fisheries such as Canadian Snow-Crab case suggest that in order to be successful for marine ranching be successful it is necessary that (i) there should be high-value species, (ii) property right should be established, (iii) there should be the reasonable number of participants involved, (iv) the participants and the government should be able to share resource enhancement/management/utilization responsibilities and associated fisheries management expenses. Among these, management cost sharing based on the practical partnership between fishing communities and government is of particular importance because the government must have a full responsibility for all ranching program expenditure unless revenues sufficient to guarantee reasonable income and to share management cost are generated from the ranching business.

• Knowledge Management Research
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• v.12 no.3
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• pp.1-25
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• 2011

This research empirically examined the determinants of competitive advantages and performance of Korean film industry from 1996 to 2003 over a sample of 396 movies. Especially, the effects of knowledge-based resources, social capital, product differentiation strategy, and market entry strategy on a film performance were hypothesized and empirically tested. Findings of this study are as follows; First, confirming the importance of knowledge-based resources in film industry, both the superior business track records of producers and the superior artistic track records of directors and actors had positive effects on film performance. Second, supporting social capital hypotheses, while the strong ties between directors and producers had positive effects, the strong ties between directors and actors had negative effects on film performance. Third, confirming the importance of product differentiation strategy, genre differentiation against competing films had positive effects on film performance. Finally, confirming the importance of market entry timing, the number of competing films released following a film opening within a week had negative effects on film performance. The findings of this research suggest that producers, directors, and actors are not only the critical knowledge-based resources to create competitive advantages indeed, but the pattern of relationships among them also systematically influences the film performance. Moreover, it is suggested that film performance may be improved by the proper genre differentiation and opening day selection.

• Advances in Energy Research
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• v.4 no.2
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• pp.121-146
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• 2016

This study is concerned with the analysis of two renewable technologies for electric energy production: wind energy and photovoltaic energy. The two technologies were assessed and compared by economic point of view, by using selected indicators characterized by a clear calculation approach, requirement of information easy to be collected, clear, but even complete, interpretation of results. The used economic indicators are Levelized Cost of Energy, $CO_2$ abatement cost and fossil fuel saving specific cost; these last two specifically aimed at evaluating the different capabilities that renewable technologies have to cut down direct $CO_2$ emissions and to avoid fossil fuel extraction. The two technologies were compared also from the environmental point of view by applying Life Cycle Assessment approach and using the environmental impact categories from the Eco-indicator'95 method. The economic analysis was developed by taking into account different energy system sizes and different geographic areas in order to compare different European conditions (Italy, Germany and Denmark) in term of renewable resource availability and market trend. The environmental analysis was developed comparing two particular types of PV and wind plants, respectively residential and micro-wind turbine, located in Italy. According to the three calculated economic indicators, the wind energy emerged as more favorable than PV energy. From the environmental point of view, both the technologies are able to provide savings for almost all the considered environmental impact categories. The proposed approach, based on the use of economic and environmental indicators may be useful in supporting the policies and the decision making procedures concerned with the promotion and use of renewables, in reference to the specific geographic, economic and temporal conditions.

• The Journal of the Korea Contents Association
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• v.14 no.4
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• pp.110-122
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• 2014

Korea's film industry has been growing over the last 10 years, and there has been much attention to the antecedents of film box office sales both academic and business communities. So far, previous research which explained success factors of film or movie mainly focused on 3 stages, production, distribution and screening. However, these 3 steps are heavily vertically integrated in Korea's firm industry unlike United States. Almost 130% of movie theaters are multiplex chain and operated by film production companies such as CJ and Lotte Entertainment In this situation, film sales are likely to he affected by movie theaters own facilities or location factors rather than movie contents. Based. on resource-based view and S-C-P paradigm, the authors examined "whether movie theater's facilities factors and trade area factors such as accessibility, competitive situation, and population have effect to movie theater's sales revenues. The results showed that the average occupancy of theater is the most important factor to movie theaters sales in both large and small cities. In large cities, movie theater's facilities factors which included vibration seat special sound system, premium movie theater, VIP lounge are relatively important than trade area factors. In contrast, in small cities, location factors and accessibility are the most important factors to movie theaters sales. We discuss the managerial and theoretical implication for the results and the specific limitations are suggested at the end of the paper.